Document:

EX-10.19

 Exhibit 10.19 

Silicon Valley Bank 

U.S. Small Business Administration 

Paycheck Protection Program 

Note 
  

					
	 	 	 
	SBA Loan No.	  	60837980-06	  	 
	 	 	 
	SBA Loan Name	  	 Borrower

Legal Name
	  	Intuity Medical, Inc.
	 	 	 
	 	  	DBA	  	 
	 	 	 
	Date	  	7/9/2020	  	 
	 	 	 
	Loan Amount	  	$1965000	  	 
	 	 
	Interest Rate	  	1.0% per annum
	 	 
	Borrower	  	Intuity Medical, Inc.
	 	 
	Operating Company	  	Not applicable
	 	 
	Lender	  	Silicon Valley Bank

  

	1.	 PROMISE TO PAY. 

In return for the Loan, Borrower promises to pay to the order of Lender the amount of $1965000 Dollars, interest on the unpaid principal balance, and all other
amounts required by this Note. 
  

	2.	 DEFINITIONS. 

“Collateral” means any property taken as security for payment of this Note or any guarantee of this Note. 

“CARES Act” means the Coronavirus Aid, Relief, and Economic Security Act. 

“Guarantor” means each person or entity that signs a guarantee of payment of this Note. 

“Loan” means the loan evidenced by this Note. 

“Loan Documents” means the documents related to this loan signed by Borrower, any Guarantor, or anyone who pledges collateral. 

“Loan Forgiveness Application” means either SBA Form 3508 or SBA Form 3508EZ, or Lender’s equivalent forms. 

  
 1 

 “Paycheck Protection Program” means loan program created by Section 1102 of the CARES Act.

 “Per Annum” means for a year deemed to be comprised of 360 days. 

“SBA” means the Small Business Administration, an Agency of the United States of America. 

 

	3.	 PAYMENT TERMS: Borrower must make all payments at the place Lender designates. The payment terms for this Note
are: 

  

	A.	 Conditions Precedent to Disbursement of Loan Proceeds. 

Before the funding of the Loan, the following conditions must be satisfied: 

 

	 	1.	 Lender has approved the request for the Loan. 

 

	 	2.	 Lender has received approval from SBA to fund the Loan. 

 

	B.	 No Payments During Deferral Period. There shall be no payments due by Borrower from the date hereof and
continuing until the earlier of (a) such time as a forgiveness amount is remitted to Lender from the SBA, (b) such time as the SBA determines the Loan is not eligible for forgiveness, in whole or in part and (c) if Borrower fails to
properly apply for forgiveness pursuant to Section 1106 of the CARES Act, as amended, including by submitting an incomplete Loan Forgiveness Application, prior to the date that is 68 weeks from the date hereof, the date 68 weeks from the date
hereof (the “Deferral Period”). During the Deferral Period interest will accrue at the Interest Rate on the unpaid principal balance computed on the basis of the actual number of days elapsed in a year of 360 days. 

 

	C.	 Principal and Interest Payments. Commencing one month after the expiration of the Deferral Period, and
continuing on the same day of each month thereafter until the Maturity Date, Borrower shall pay to Lender monthly payments of principal and interest, each in such equal amount required to fully amortize the principal amount outstanding on the Note
on the last day of the Deferral Period by the Maturity Date. 

  

	D.	 Maturity Date. On the date which is the fifth anniversary from the date of this Note (the “Maturity
Date”), Borrower shall pay to Lender any and all unpaid principal plus accrued and unpaid interest plus interest accrued during the Deferral Period. This Note will mature on the Maturity Date. 

 

	E.	 Not a Business Day. If any payment is due on a date for which there is no numerical equivalent in a
particular calendar month then it shall be due on the last day of such month. If any payment is due on a day that is a Saturday, Sunday or any other day on which California chartered banks are authorized to be closed, the payment will be made on the
next business day. 

  

	F.	 Payment Allocation. Payments shall be allocated among principal and interest at the discretion of Lender
unless otherwise agreed or required by applicable law (including the CARES Act). Notwithstanding, in the event the Loan, or any portion thereof, is forgiven pursuant to the Paycheck Protection Program under the federal CARES Act, the amount so
forgiven shall be applied to principal. 

  
 2 

	F.	 Prepayments. Borrower may prepay this Note at any time without payment of any penalty or premium.

  
 3 

	G.	 Borrower Certifications. 

Borrower certifies to Lender as follows: 
  

	 	1.	 Current economic uncertainty makes this Loan necessary to support the ongoing operations of Borrower.

  

	 	2.	 Loan funds will be used by Borrower to retain its workers and maintain its payroll or make its mortgage
payments, lease payments, and utility payments. 

  

	 	3.	 For the period beginning on February 15, 2020 and ending on December 31, 2020, Borrower did not
receive, and agrees it will not apply for or receive, another loan under the Paycheck Protection Program. 

  

	 	4.	 Borrower was in operation on February 15, 2020 and (i) had employees for whom it paid salaries and
payroll taxes or (ii) paid independent contractors as reported on a 1099-Misc. 

  

	 	5.	 Borrower has reviewed and understands Sections 1102 and 1106 of the CARES Act and the related guidelines and
has completed the Application, including Borrower’s eligibility in conformity with those provisions. 

  

	 	6.	 Borrower has taken its “affiliates” (as defined by the SBA) into account when determining the number
of employees and the total amount of loans permitted under the Paycheck Protection Program. 

  

	 	7.	 Borrower is a small business concern or is otherwise eligible to receive a covered loan. 

 

	 	8.	 The person who has completed and signed the application, this Note and the Loan Documents has been validly
authorized by Borrower to enter into borrowings on behalf of Borrower. 

  

	H.	 Agreements. 

Borrower understands and agrees, and waives and releases Lender, its affiliates and their respective directors, officers, agents and employees, as follows:

  

	 	1.	 The Loan will be made under the SBA’s Paycheck Protection Program. Accordingly, this Note and the other
Loan Documents must be submitted to and approved by the SBA. There is limited funding available under the Paycheck Protection Program and accordingly, all applications submitted will not be approved by the SBA. 

 

	 	2.	 Lender is participating in the Payroll Protection Program to help businesses impacted by the economic impact
from COVID-19. However, Lender anticipates high volumes and there may be processing delays and system failures along with other issues that interfere with submission of Borrower’s application to SBA.
Lender does not represent or guarantee that it will submit the application while SBA funding remains available under the Payroll Protection Program or at all. Borrower hereby agrees that Lender is not responsible or liable to Borrower or any of its
affiliates (i) if the Lender does not submit Borrower’s application to the SBA until after the date that SBA stops approving 

  
 4 

	 	
applications under the Paycheck Protection Program, for any reason or (ii) if the application is not processed by Lender. Borrower forever releases and waives any claims against Lender, its
affiliates and their respective directors, officers, agents and employees concerning failure to obtain the Loan. This release and waiver applies to, but is not limited to, any claims concerning Lender’s (i) pace, manner or systems for
processing or prioritizing applications, or (ii) representations by Lender regarding the application process, the Paycheck Protection Program, or availability of funding. This agreement to release and waiver supersedes any prior communications,
understandings, agreements or communications on the issues set forth herein. 

  

	 	3.	 Forgiveness of the Loan is only available for principal that is used for the limited purposes that expressly
qualify for forgiveness under SBA requirements, and that to obtain forgiveness, Borrower must request forgiveness from the Lender, provide documentation in accordance with the SBA requirements, and certify that the amounts Borrower is requesting to
be forgiven qualify under those requirements. Borrower also understands that Borrower shall remain responsible under the Loan for any amounts not forgiven, including interest payable under the Loan , but that the SBA will pay the Loan interest on
forgiven amounts. 

  

	 	4.	 Forgiveness of the Loan is not automatic and Borrower must request forgiveness of the Loan from Lender.
Borrower is not relying on Lender for its understanding of the requirements for forgiveness such as eligible expenditures, necessary records/documentation, or possible reductions due to changes in number of employees or compensation. Borrower agrees
that will consult the SBA’s program materials and consult with its own counsel regarding the criteria forgiveness. 

  

	 	5.	 The Loan Documents are subject to review, and Borrower may not receive the Loan. The Loan also remains subject
to availability of funds under the SBA’s Payment Protection Program, and to the SBA issuing an SBA loan number. 

  

	 	6.	 Borrower’s liability under this Note will continue with respect to any amounts SBA may pay Lender based on
an SBA guarantee of this Note. Any agreement with Lender under which SBA may guarantee this Note does not create any third party rights or benefits for Borrower and, if SBA pays Lender under such an agreement, SBA or Lender may then seek recovery
from Borrower of amounts paid by SBA. 

  

	 	7.	 Lender reserves the right to modify the Note Amount based on documentation received from Borrower.

  

	 	8.	 Borrower’s execution of this Note has been duly authorized by all necessary actions of its governing body.
The person signing this Note is duly authorized to do so on behalf of Borrower. 

  

	 	9.	 This Note shall not be governed by any existing or future credit agreement or loan agreement with Lender. The
liabilities guaranteed pursuant to any existing or future guaranty in favor of Lender shall not include this Note. The liabilities secured by any existing or future security instrument in favor of Lender shall not include the Loan.

  
 5 

	 	10.	 The proceeds of the Loan will be used to retain workers and maintain payroll or make mortgage interest
payments, lease payments, and utility payments, as specified under the Paycheck Protection Program Rule. Borrower understands that if the funds are knowingly used for unauthorized purposes, the federal government may hold Borrower legally liable,
such as for charges of fraud. 

 Electronic Execution of Loan Documents. 

The words “execution,” “signed,” “signature” and words of like import in this Note and any Loan Document shall be deemed to
include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect, validity and enforceability as a manually executed signature or the use of a paper-based recordkeeping systems, as the case
may be, to the extent and as provided for in any applicable law, including, without limitation, any state law based on the Uniform Electronic Transactions Act. 
  

	4.	 DEFAULT: 

Borrower is in default under this Note if Borrower does not make a payment when due under this Note, or if Borrower or Operating Company: 

 

	 	A.	 Fails to do anything required by this Note and other Loan Documents; 

 

	 	B.	 Defaults on any other loan with Lender; 

 

	 	C.	 Does not preserve, or account to Lender’s satisfaction for, any of the Collateral or its proceeds;

  

	 	D.	 Does not disclose, or anyone acting on their behalf does not disclose, any material fact to Lender or SBA;

  

	 	E.	 Makes, or anyone acting on their behalf makes, a materially false or misleading representation to Lender or
SBA; 

  

	 	F.	 Defaults on any loan or agreement with another creditor, if Lender believes the default may materially affect
Borrower’s ability to pay this Note; 

  

	 	G.	 Fails to pay any taxes when due; 

 

	 	H.	 Becomes the subject of a proceeding under any bankruptcy or insolvency law; 

 

	 	I.	 Has a receiver or liquidator appointed for any part of their business or property; 

 

	 	J.	 Makes an assignment for the benefit of creditors; 

 

	 	K.	 Has any adverse change in financial condition or business operation that Lender believes may materially affect
Borrower’s ability to pay this Note; 

  

	 	L.	 Reorganizes, merges, consolidates, or otherwise changes ownership or business structure without Lender’s
prior written consent; or 

  
 6 

	 	M.	 Becomes the subject of a civil or criminal action that Lender believes may materially affect Borrower’s
ability to pay this Note. 

  

	5.	 LENDER’S RIGHTS IF THERE IS A DEFAULT. 

Without notice or demand and without giving up any of its rights, Lender may: 
  

	 	A.	 Require immediate payment of all amounts owing under this Note; 

 

	 	B.	 Collect all amounts owing from any Borrower or Guarantor; 

 

	 	C.	 File suit and obtain judgment. 

 

	 	D.	 Take possession of any Collateral; or 

 

	 	E.	 Sell, lease, or otherwise dispose of, any Collateral at public or private sale, with or without advertisement.

  

	6.	 LENDER’S GENERAL POWERS. 

Without notice and without Borrower’s consent, Lender may: 
  

	 	A.	 Bid on or buy the Collateral at its sale or the sale of another lienholder, at any price it chooses;

  

	 	B.	 Incur expenses to collect amounts due under this Note, enforce the terms of this Note or any other Loan
Document, and preserve or dispose of the Collateral. Among other things, the expenses may include payments for property taxes, prior liens, insurance, appraisals, environmental remediation costs, and reasonable attorney’s fees and costs. If
Lender incurs such expenses, it may demand immediate repayment from Borrower or add the expenses to the principal balance; 

  

	 	C.	 Release anyone obligated to pay this Note; 

 

	 	D.	 Compromise, release, renew, extend or substitute any of the Collateral; and 

 

	 	E.	 Take any action necessary to protect the Collateral or collect amounts owing on this Note.

  

	7.	 WHEN FEDERAL LAW APPLIES; GOVERNING LAW; FORUM SELECTION. 

When SBA is the holder, this Note will be interpreted and enforced under federal law, including SBA regulations. Lender or SBA may use state or local
procedures for filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or liability. As to this Note,
Borrower may not claim or assert against SBA any local or state law to deny any obligation, defeat any claim of SBA, or preempt federal law. 

  
 7 

	8.	 SUCCESSORS AND ASSIGNS. 

Under this Note, Borrower and Operating Company includes its successors, and Lender includes its successors and assigns. 

 

	9.	 GENERAL PROVISIONS. 

  

	 	A.	 Borrower waives all suretyship defenses. 

 

	 	B.	 Borrower must sign all documents necessary at any time to comply with the Loan Documents and to enable Lender
to acquire, perfect, or maintain Lender’s liens on Collateral. 

  

	 	C.	 Lender may exercise any of its rights separately or together, as many times and in any order it chooses. Lender
may delay or forgo enforcing any of its rights without giving up any of them. E. Borrower may not use an oral statement of Lender or SBA to contradict or alter the written terms of this Note. 

 

	 	D.	 If any part of this Note is unenforceable, all other parts remain in effect. 

 

	 	E.	 To the extent allowed by law, Borrower waives all demands and notices in connection with this Note, including
presentment, demand, protest, and notice of dishonor. Borrower also waives any defenses based upon any claim that Lender did not obtain any guarantee; did not obtain, perfect, or maintain a lien upon Collateral; impaired Collateral; or did not
obtain the fair market value of Collateral at a sale. 

  

	10.	 STATE-SPECIFIC PROVISIONS: 

If the SBA is not the holder, this Note shall be governed by and construed in accordance with the laws of the State of California where the main office of
Lender is located. MATTERS REGARDING INTEREST TO BE CHARGED BY LENDER AND THE EXPORTATION OF INTEREST SHALL BE GOVERNED BY FEDERAL LAW (INCLUDING WITHOUT LIMITATION 12 U.S.C. SECTIONS 85 AND 1831(u) AND THE LAW OF THE STATE OF CALIFORNIA. Borrower
agrees that any legal action or proceeding with respect to any of its obligations under this Note may be brought by Lender in any state or federal court located in the State of California, as Lender in its sole discretion may elect. Borrower submits
to and accepts in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of those courts. Borrower waives any claim that the State of California is not a convenient forum or the
proper venue for any such suit, action or proceeding. The extension of credit that is the subject of this Note is being made by Lender in California. 

  
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	11.	 BORROWER’S NAME(S) AND SIGNATURE(S). 

BORROWER CERTIFIES THAT THE INFORMATION PROVIDED IN THIS APPLICATION AND THE INFORMATION PROVIDED IN ALL SUPPORTING DOCUMENTS AND FORMS IS TRUE AND ACCURATE IN
ALL MATERIAL RESPECTS. BORROWER UNDERSTANDS THAT KNOWINGLY MAKING A FALSE STATEMENT TO OBTAIN A GUARANTEED LOAN FROM SBA IS PUNISHABLE UNDER THE LAW, INCLUDING UNDER 18 USC 1001 AND 3571 BY IMPRISONMENT OF NOT MORE THAN FIVE YEARS AND/OR A FINE OF
UP TO $250,000; UNDER 15 USC 645 BY IMPRISONMENT OF NOT MORE THAN TWO YEARS AND/OR A FINE OF NOT MORE THAN $5,000; AND, IF SUBMITTED TO A FEDERALLY INSURED INSTITUTION, UNDER 18 USC 1014 BY IMPRISONMENT OF NOT MORE THAN THIRTY YEARS AND/OR A FINE OF
NOT MORE THAN $1,000,000. 
 IN WITNESS WHEREOF, the Borrower has caused this Note to be executed by its duly authorized representative as of the date set
forth below. 
  

							
	Funds will be credited to your Deposit	 		 		 	
	Account Number ending in:	 		 		 	
		 		 	BORROWER:
				
	0640	 		 		 	
				
		 		 		 	DocuSigned by:
				
		 		 	By:	 	 /s/ Tammy Cameron

				
		 		 		 	75A3CE4E57A0467...
				
		 		 	Name:	 	 Tammy Cameron

				
		 		 	Title:	 	 Authorized Signer

				
		 		 	Date:	 	 7/9/2020

  
 9EX-10.10

 Exhibir 10.10 

 
 

 
 SONDER HOLDINGS INC. 

Confirmatory Employment Letter 

September 14, 2021 
 Sanjay Banker 

3934 Washington Street 
 San Francisco, CA 94118 

Dear Sanjay: 
 This letter agreement (the
“Agreement”) is entered into between Sonder Holdings Inc. (the “Company” or “we”), the Company’s wholly owned subsidiary, Sonder USA Inc. (“Sonder USA”), and you. This
Agreement is effective as of the date signed below (the “Effective Date”). The purpose of this Agreement is to confirm the current terms and conditions of your employment. 

1. Position. Your current title is President and CFO of Sonder USA Inc. This is a full-time position. While you render services to the
Company, Sonder USA Inc., or their applicable affiliates (the “Company Group”) you will not engage in any other employment, consulting or other business activity (whether full-time or part-time) without the prior approval of the
Company’s Human Resources Department (“HR”). A list of outside activities with prior approval is summarized in Exhibit A, attached hereto. By signing this Agreement, you confirm to the Company Group that you have no
contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company Group. 
 2.
Compensation and Benefits. 
 (a) Base Salary. Your rate of annual base salary as of the Effective Date will be $473,680.00 per
year, less applicable withholding, which will be paid in accordance with Sonder USA’s normal payroll procedures. 
 (b) Annual Bonus
Opportunity. You will not be entitled to an annual target bonus opportunity. Should the Board determine in the future that you will be eligible for an annual target bonus opportunity, your actual bonuses shall be based upon achievement of
performance objectives to be determined by the Board in its sole and absolute discretion. Bonuses payable under future annual target bonus opportunities, if any, will be paid as soon as practicable after the Board determines that the applicable
performance objectives relating to such bonuses have been achieved, but you must be employed by and in good standing with a member of the Company Group on the date a bonus is paid out in order to earn such bonus. 

(c) Employee Benefits. As a full-time employee, you will continue to be eligible to participate in Sonder USA’s standard benefit
plans as in effect from time to time, on the same basis as those benefit plans are generally made available to other similarly situated executives of Sonder USA. Such benefit plans are subject to change, and may be supplemented, altered, or
eliminated, in part or entirely. Any eligibility to participate in such benefits plans, as well as the terms thereof, shall be as set forth in the governing documents for such plans, or there are no such governing documents, in Sonder USA’s
policies. 
  
  

			
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 (a) Equity Awards. You will be eligible to receive compensatory equity awards such as
stock options or restricted stock unit awards from the Company on the terms and conditions determined by the Board in its sole discretion, provided, however, the terms and conditions of any such equity award shall be interpreted consistent with the
provisions of this Agreement, including the definitions of Cause and Good Reason as defined below. Each of your outstanding stock options to purchase shares of the Company’s common stock will be exercisable for four (4) years after your
termination of service, provided that no option will be exercisable after its term/expiration date, and an option may be subject to earlier termination as required by the applicable equity plan under which such option was granted. Upon a termination
of your employment without Cause (excluding a termination for death or disability) or your resignation for Good Reason, and subject to you executing and not revoking a release of claims in a form prescribed to you by the Company that becomes
effective and irrevocable on or prior to the sixtieth (60th) day following your qualifying termination of employment, 25% of the then-unvested shares subject to each of your then-outstanding Company equity awards will accelerate and fully vest. For
purposes of this Agreement, “Cause” means your termination by a member of the Company Group because of (a) an unauthorized misuse of the trade secrets or proprietary information of any member of the Company Group, (b) your
conviction of or plea of nolo contendere to a felony, or a crime involving moral turpitude which negatively impacts any member of the Company Group, (c) your committing an act of fraud against any member of the Company Group, or (d) your
gross negligence or willful misconduct in the performance of your duties to any member of the Company Group that has had or will have a material adverse effect on any member of the Company Group’s reputation or business, provided you have
received a written notice of the basis for Cause and been given a reasonable period to cure provided a cure is possible. “Good Reason” means any of the following taken without your written consent and provided (a) the Company
receives, within thirty (30) days following the first occurrence of any of the events set forth in clauses (i) through (iii) below, written notice from you specifying the specific basis for your belief that you are entitled to terminate
employment for Good Reason, (b) the Company fails to cure the event constituting Good Reason within thirty (30) days after receipt of such written notice thereof, and (c) you terminate employment within fifteen (15) days
following expiration of such cure period: (i) a material reduction in your base compensation (but only if such reduction in base compensation does not occur in combination with a reduction in compensation for the executive team generally); (ii)
a material reduction in your duties, reporting relationship or responsibilities; or (iii) the Company requiring you to relocate your principal work location to a location outside of the San Francisco Bay Area. 

(b) Expenses. You will be entitled to receive prompt reimbursement for all reasonable expenses incurred by you in the furtherance of or
in connection with the performance of your duties hereunder, in accordance with the applicable policy of Sonder USA, as in effect from time to time. In the event that any expense reimbursements are taxable to you, such reimbursements will be made in
the time frame specified by Treasury Regulation Section 1.409A-3(i)(1)(iv) unless another time frame that complies with or is exempt from Section 409A is specified in Sonder USA’s expense
reimbursement policy. 

  

			
	 	 
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 (c) Discretionary Time Off. You may take paid time off from work (for vacation,
wellness, to care for another, etc.) at your reasonable discretion, provided that you coordinate such time off with, and obtain approval, from your direct manager in advance. Discretionary time off is paid based on your regular base pay. You must
ensure that you manage your time off in a manner that prioritizes work responsibilities while balancing personal needs and/or commitments. You are expected to meet deadlines, customer needs, and all job performance requirements, as well as
coordinate coverage for your responsibilities during any period of absence. If extended time off in excess of five (5) consecutive business days is needed for a reason other than vacation, you must contact your direct manager. In that
situation, appropriate Company management will need to approve the absence and determine whether (and to what extent) the absence will be paid or qualify as a leave of absence under the law or our policies. You will not receive any payment at
termination for discretionary time off. The Company will interpret and apply its time off benefits to comply with all national, state, and local laws. 

3. Severance & Change of Control Benefits. In connection with executing this Agreement, you are also entering
into a Participation Agreement between you and the Company (the “Severance Agreement”) under the Company’s Key Executive Change in Control and Severance Plan (the “Severance Plan,” and together with the
Severance Agreement, the “Severance Documents”), which is incorporated herein by reference. 
 4. Proprietary Information
and Inventions Assignment Agreement. As an employee of a member of the Company Group, you will continue to have access to certain confidential information of the Company Group and you may, during the course of your employment, develop certain
information or inventions that will be the property of the Company Group. To protect the interests of the Company Group, your acceptance of this Agreement reaffirms that the terms of Sonder USA’s Proprietary Information, Invention Assignment
and Non-Interference Agreement that you executed on September 7, 2021 (the “PINA”) continue to be in effect. 
 5. At-Will Employment. You acknowledge and agree that your employment with Sonder USA will be “at-will” employment and may be terminated at any time with or without
cause or notice. You understand and agree that neither your job performance nor commendations, bonuses, or the like from any member of the Company Group give rise to or in any way serve as the basis for modification, amendment, or extension, by
implication or otherwise, of your employment with Sonder USA or any other member of the Company Group. However, as described in this Agreement, you may be eligible to receive severance benefits under the Severance Documents depending on the
circumstances of the termination of your employment with the Company Group. 

  

			
	 	 
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 6. Tax Matters. 

(a) Withholding. All payments made under this Agreement shall be subject to reduction to reflect taxes or other charges required to be
withheld by law, and you will be solely responsible for any and all taxes arising in connection with this Agreement and compensation paid or payable to you, including but not limited to any taxes, penalties and interest, if any, arising under
Section 409A. 
 (b) Section 409A. The Company intends that all payments and benefits provided under this Agreement or otherwise
are exempt from, or comply with, the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and any final regulations and guidance thereunder and any applicable state law equivalent, as each may be amended or promulgated
from time to time (“Section 409A”) so that none of the payments or benefits will be subject to the additional tax imposed under Section 409A, and any ambiguities will be interpreted to so be exempt or comply.
Each payment and benefit payable under this Agreement is intended to constitute a separate payment for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

(c) Tax Advice. You are encouraged to obtain your own tax advice regarding your compensation from the Company or any other member of the
Company Group. You agree that no member of the Company Group has any duty to design its compensation policies in a manner that minimizes your tax liabilities. 

7. Entire Agreement, Amendment and Enforcement. This Agreement, the Severance Documents, the PINA, the Mutual Arbitration Agreement, and
any stock option or other equity award agreements between you and the Company supersede and replace any prior agreements, representations or understandings (whether written, oral, implied or otherwise) between you and any member of the Company Group
(including, but not limited to the offer letter between you and Sonder USA dated January 25, 2019 and the Employee Invention Assignment and Confidentiality Agreement between you and Sonder USA dated February 5, 2019), and constitute the
complete agreement between you and the Company regarding the subject matter set forth herein. This Agreement may not be amended or modified, except by an express written agreement signed by both you and a duly authorized officer of the Company. The
validity, interpretation, construction and performance of this Agreement shall be governed by the laws of the State of California without regard to the principles of conflict of laws thereof. 

8. Miscellaneous. 
 (a)
Arbitration. You agree that any and all controversies, claims, or disputes with anyone (including any member of the Company Group and any employee, officer, director, shareholder or benefit plan of any member of the Company Group in their
capacity as such or otherwise) arising out of, relating to, or resulting from your service to the Company Group, will be subject to arbitration in accordance with the provisions of the Mutual Arbitration Agreement. 

  

			
	 	 
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 (b) Successors. In addition to any obligations imposed by law upon any successor to
the Company, the Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. 

(c) Validity. The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of
any other provision of this Agreement, which shall remain in full force and effect. 
 (d) Counterparts. This Agreement may be
executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 

(e) Acknowledgment. You acknowledge that you have had the opportunity to discuss this Agreement with and obtain advice from your private
attorney, have had sufficient time to, and have carefully read and fully understand all the provisions of this Agreement, and are knowingly and voluntarily entering into this Agreement. 

* * * * * 
 [Signature Page
Follows] 

  

			
	 	 
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 We are extremely excited about your continued employment with Sonder USA! 

Please indicate your acceptance of this Agreement, and confirmation that it contains our complete agreement regarding the terms and conditions
of your employment, by signing the bottom portion of this Agreement and returning a copy to me. 
  

			
	Very truly yours,
	
	SONDER HOLDINGS INC.
		
	By:	 	 /s/ Philip Rothenberg

	        Philip Rothenberg, General Counsel
	
	SONDER USA INC.
		
	By:	 	 /s/ Nicole LaFlamme

	        Nicole LaFlamme, VP of HR

 I have read and accept this Agreement: 
  

	
	 /s/ Sanjay Banker

	Sanjay Banker

 Dated: 9/14/21  

  

			
	 	 
	+1 (617) 300 0956	  	sonder.com
		
	101 15th Street, San Francisco, CA 94103	  	Taking Stay Further

 

 
  

 EXHIBIT A 

APPROVED OUTSIDE ACTIVITIES 
 1. Board service - Serve on
the board of directors of: 
 a) one or more charitable organizations; or 

b) one or more non-competing corporate organizations, 

provided any such service does not present a conflict of interest to the Company or affect your duties to the Company. 

  

			
	 	 
	+1 (617) 300 0956	  	sonder.com
		
	101 15th Street, San Francisco, CA 94103	  	Taking Stay Further

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]