Document:

Exhibit 10.4

 

EXECUTION
VERSION

 

INDEMNITY AGREEMENT

 

THIS INDEMNITY AGREEMENT (this “Agreement”)
is made as of December 10, 2020.

 

Between:

 

		(1)	Social Capital Hedosophia Holdings Corp. IV, an exempted company
incorporated under the laws of the Cayman Islands with registered office at PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman
Islands (the “Company”); and

 

		(2)	Katie J. Stanton (“Indemnitee”).

 

Whereas:

 

		(A)	Highly competent persons have become more reluctant to serve publicly-held companies as directors, officers or in other capacities
unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims
and actions against them arising out of their service to and activities on behalf of such companies;

 

		(B)	The board of directors of the Company (the “Board”) has determined that, in order to attract and retain
qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect
persons serving the Company and any of its subsidiaries from certain liabilities. Although the furnishing of such insurance has
been a customary and widespread practice among publicly traded companies and other business enterprises, the Company believes that,
given current market conditions and trends, such insurance may be available to it in the future only at higher premiums and with
more exclusions. At the same time, directors, officers and other persons in service to companies or business enterprises are being
increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would
have been brought only against the Company or business enterprise itself. The amended and restated memorandum and articles of association
of the Company (the “Articles”) provide for the indemnification of the officers and directors of the Company.
The Articles expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate
that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect
to indemnification, hold harmless, exoneration, advancement and reimbursement rights;

 

		(C)	The uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons;

 

		(D)	The Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best
interests of the Company’s shareholders and that the Company should act to assure such persons that there will be increased
certainty of such protection in the future;

 

    

     

    

 

		(E)	It is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, hold harmless, exonerate
and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law and the Articles so that they
will serve or continue to serve the Company free from undue concern that they will not be so protected against liabilities;

 

		(F)	This Agreement is a supplement to and in furtherance of the Articles and any resolutions adopted pursuant thereto, and shall
not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder;

 

		(G)	Indemnitee may not be willing to serve as an officer or director, advisor or in another capacity without adequate protection,
and the Company desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on
additional service for or on behalf of the Company on the condition that Indemnitee be so indemnified; and

 

NOW, THEREFORE, in consideration of the premises and the covenants
contained herein and subject to the provisions of the letter agreement dated as of December 10, 2020 between the Company and
Indemnitee, the Company and Indemnitee do hereby covenant and agree as follows:

 

TERMS AND CONDITIONS

 

	1	SERVICES TO THE COMPANY
	 	 
	 	In consideration of the Company’s covenants
and obligations hereunder, Indemnitee will serve or continue to serve as an officer, director, advisor, key employee or in
any other capacity of the Company, as applicable, for so long as Indemnitee is duly elected, appointed or retained or until Indemnitee
tenders Indemnitee’s resignation or until Indemnitee is removed. The foregoing notwithstanding, this Agreement shall continue
in full force and effect after Indemnitee has ceased to serve as a director, officer, advisor, key employee or in any other capacity
of the Company, as provided in Section ‎17. This Agreement, however, shall not impose any obligation on Indemnitee or
the Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other agreements
or commitments of the parties, if any.

 

	2	DEFINITIONS
	 	 
	 	As used in this Agreement:

 

	2.1	References to “agent” shall mean any person who is or was a director, officer or employee of the Company
or a subsidiary of the Company or other person authorized by the Company to act for the Company, to include such person serving
in such capacity as a director, officer, employee, advisor, fiduciary or other official of another company, corporation, partnership,
limited liability company, joint venture, trust or other enterprise at the request of, for the convenience of, or to represent
the interests of the Company or a subsidiary of the Company.

 

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	2.2	The terms “Beneficial Owner” and “Beneficial Ownership” shall have the meanings set forth
in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

 

	2.3	A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement
of any of the following events:

 

		(a)	Acquisition of Shares by Third Party. Other than an affiliate of SCH Sponsor IV LLC, ChaChaCha SPAC D, LLC or Hedosophia
Acquisitions D Limited, any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities
of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding
securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership
of the Company’s securities by any Person results solely from a reduction in the aggregate number of outstanding shares entitled
to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors
(as defined below) and such acquisition would not constitute a Change in Control under part (c) of this definition;

 

		(b)	Change in Board of Directors. Individuals who, as of the date hereof, constitute the Board, and any new director whose
election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds
of the directors then still in office who were directors on the date hereof or whose election or nomination for election was previously
so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority
of the members of the Board;

 

		(c)	Corporate Transactions. The effective date of a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination, involving the Company and one or more businesses (a “Business Combination”),
in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and entities who
were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business
Combination beneficially own, directly or indirectly, more than fifty-one percent (51%) of the combined voting power of the then
outstanding securities of the Company entitled to vote generally in the election of directors resulting from such Business Combination
(including, without limitation, a company or corporation which as a result of such transaction owns the Company or all or substantially
all of the Company’s assets either directly or through one or more Subsidiaries) in substantially the same proportions as
their ownership immediately prior to such Business Combination, of the securities entitled to vote generally in the election of
directors; (2) other than an affiliate of SCH Sponsor IV LLC, ChaChaCha SPAC D, LLC or Hedosophia Acquisitions D Limited,
no Person (excluding any company or corporation resulting from such Business Combination) is the Beneficial Owner, directly or
indirectly, of fifteen percent (15%) or more of the combined voting power of the then outstanding securities entitled to vote generally
in the election of directors of the surviving company or corporation except to the extent that such ownership existed prior to
the Business Combination; and (3) at least a majority of the Board of Directors of the company or corporation resulting from
such Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of
the Board of Directors, providing for such Business Combination;

 

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		(d)	Liquidation. The approval by the shareholders of the Company of a complete liquidation of the Company or an agreement
or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other
than factoring the Company’s current receivables or escrows due (or, if such approval is not required, the decision by the
Board to proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or

 

		(e)	Other Events. There occurs any other event of a nature that would be required to be reported in response to Item 6(e) of
Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated under the Exchange
Act, whether or not the Company is then subject to such reporting requirement.

 

		2.4	“Corporate Status” describes the status of a person who is or was a director, director nominee, officer,
trustee, general partner, manager, managing member, fiduciary, employee or agent of the Company or of any other Enterprise (as
defined below) which such person is or was serving at the request of the Company.

 

		2.5	“Delaware Court” shall mean the Court of Chancery of the State of Delaware.

 

		2.6	“Disinterested Director” shall mean a director of the Company who is not and was not a party to the Proceeding
(as defined below) in respect of which indemnification is sought by Indemnitee.

 

		2.7	“Enterprise” shall mean the Company and any other company, corporation, constituent corporation (including
any constituent of a constituent) absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries)
is a party, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee
is or was serving at the request of the Company as a director, officer, trustee, general partner, manager, managing member, fiduciary,
employee or agent.

 

		2.8	“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended.

 

		2.9	“Expenses” shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever,
including, without limitation, all attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts,
witness fees, travel expenses, fees of private investigators and professional advisors, duplicating costs, printing and binding
costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial services and all other disbursements,
obligations or expenses in connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing
to be a witness in, settlement or appeal of, or otherwise participating in, a Proceeding, including reasonable compensation for
time spent by Indemnitee for which Indemnitee is not otherwise compensated by the Company or any third party. Expenses also shall
include Expenses incurred in connection with any appeal resulting from any Proceeding, including, without limitation, the principal,
premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses,
however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

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		2.10	“Independent Counsel” shall mean a law firm or a member of a law firm with significant experience in matters
of corporate law and neither presently is, nor in the past five years has been, retained to represent: (i) the Company or
Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under this Agreement,
or of other indemnitees under similar indemnification agreements); or (ii) any other party to the Proceeding giving rise to
a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not
include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest
in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 

		2.11	References to “fines” shall include any excise tax assessed on Indemnitee with respect to any employee benefit
plan; references to “serving at the request of the Company” shall include any service as a director, officer,
employee, agent or fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee,
agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries; and if Indemnitee acted in good
faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants and beneficiaries of an employee
benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests of the Company”
as referred to in this Agreement.

 

		2.12	The term “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange
Act as in effect on the date hereof; provided, however, that “Person” shall exclude: (i) the Company; (ii) any
Subsidiaries (as defined below) of the Company; (iii) any employment benefit plan of the Company or of a Subsidiary of the
Company or of any corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions
as their ownership of shares of the Company; and (iv) any trustee or other fiduciary holding securities under an employee
benefit plan of the Company or of a Subsidiary of the Company or of a company or corporation owned directly or indirectly by the
shareholders of the Company in substantially the same proportions as their ownership of shares of the Company.

 

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		2.13	The term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether brought in the right of the Company or otherwise and whether of a civil (including intentional or unintentional
tort claims), criminal, administrative, or investigative or related nature, in which Indemnitee was, is, will or might be involved
as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any
action (or failure to act) taken by Indemnitee or of any action (or failure to act) on Indemnitee’s part while acting as
a director, director nominee or officer of the Company, or by reason of the fact that Indemnitee is or was serving at the request
of the Company as a director, director nominee or officer, trustee, general partner, manager, managing member, fiduciary, employee
or agent of any other Enterprise, in each case whether or not serving in such capacity at the time any liability or expense is
incurred for which indemnification, reimbursement, or advancement of expenses can be provided under this Agreement.

 

		2.14	The term “Subsidiary,” with respect to any Person, shall mean any company, corporation, limited liability
company, partnership, joint venture, trust or other entity of which a majority of the voting power of the voting equity securities
or equity interest is owned, directly or indirectly, by that Person.

 

		3	INDEMNITY IN THIRD-PARTY PROCEEDINGS

 

			To the fullest extent permitted by applicable law and the Articles, the Company shall
                                                                            indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Section 3 if Indemnitee was,
                                                                            is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding, other
                                                                            than a Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s
                                                                            Corporate Status. Pursuant to this Section 3, Indemnitee shall be indemnified, held harmless and exonerated against
                                                                            all Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (including all interest, assessments
                                                                            and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts
                                                                            paid in settlement) actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such
                                                                            Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably
                                                                            believed to be in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding, had no
                                                                            reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

		4	INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY

 

	 	 	To the fullest extent permitted by applicable law and the Articles, the Company shall indemnify, hold harmless and exonerate Indemnitee
in accordance with the provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a participant
(as a witness, deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor by
reason of Indemnitee’s Corporate Status. Pursuant to this Section 4, Indemnitee shall be indemnified, held harmless
and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection
with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably
believed to be in or not opposed to the best interests of the Company. No indemnification, hold harmless or exoneration for Expenses
shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally
adjudged by a court to be liable to the Company, unless and only to the extent that any court in which the Proceeding was brought
or the Delaware Court shall determine upon application that, despite the adjudication of liability but in view of all the circumstances
of the case, Indemnitee is fairly and reasonably entitled to indemnification, to be held harmless or to exoneration.

 

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		5	INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL

 

	 	Notwithstanding any other provisions of this Agreement except for Section 27, to the extent that Indemnitee was or is, by
reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is successful, on the merits or otherwise,
in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, the Company shall, to the fullest
extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually
and reasonably incurred by Indemnitee in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is
successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the
Company shall, to the fullest extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee
against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully
resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company also shall, to the fullest
extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably
incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful.
For purposes of this Section 5 and without limitation, the termination of any claim, issue or matter in such a Proceeding
by dismissal, with or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

 

		6	INDEMNIFICATION FOR EXPENSES OF A WITNESS

 

		 	Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason
of Indemnitee’s Corporate Status, a witness or deponent in any Proceeding to which Indemnitee is not a party or threatened
to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law and the Articles, be indemnified,
held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf
in connection therewith.

 

		7	ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS

 

		7.1	Notwithstanding any limitation in Section 3, 4, or 5, except for Section 27, the Company shall, to the fullest extent
permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or
threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment
in its favor) against all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid
in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnification, hold harmless
or exoneration rights shall be available under this Section 7.1 on account of Indemnitee’s conduct which constitutes
a breach of Indemnitee’s duties to the Company or its shareholders or is an act or omission not in good faith or which involves
intentional misconduct or a knowing violation of applicable law.

 

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		7.2	Notwithstanding any limitation in Section 3, 4, 5 or 7.1, except for Section 27, the Company shall, to the fullest
extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party
to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment
in its favor) against all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments
and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid
in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding.

 

		8	CONTRIBUTION IN THE EVENT OF JOINT LIABILITY

 

		8.1	To the fullest extent permissible under applicable law and the Articles, if the indemnification, hold harmless and/or exoneration
rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company,
in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred
by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses,
in connection with any Proceeding without requiring Indemnitee to contribute to such payment, and the Company hereby waives and
relinquishes any right of contribution it may have at any time against Indemnitee.

 

		8.2	The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or
would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against
Indemnitee.

 

		8.3	The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which
may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.

 

		9	EXCLUSIONS

 

		 	The Company shall not be obligated under this Agreement to make any indemnification, advance expenses, hold harmless or exoneration
payment in connection with any claim made against Indemnitee:

 

		(a)	for which payment has actually been received by or on behalf of Indemnitee under any insurance policy or other indemnity or
advancement provision and which payment has not subsequently been returned, except with respect to any excess beyond the amount
actually received under any insurance policy, contract, agreement, other indemnity or advancement provision or otherwise;

 

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		(b)	for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Exchange Act (or any successor rule) or similar provisions of state statutory
law or common law; or

 

		(c)	prior to a Change in Control, other than as provided in Sections 14.5 and 14.6 hereof, in connection with any Proceeding (or
any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee
against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding
(or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, hold harmless or
exoneration payment, in its sole discretion, pursuant to the powers vested in the Company under applicable law.

 

		10	ADVANCES OF EXPENSES; DEFENSE OF CLAIM

 

		10.1	Notwithstanding any provision of this Agreement to the contrary except for Section 27, and to the fullest extent not prohibited
by applicable law or the Articles, the Company shall pay the Expenses incurred by Indemnitee (or reasonably expected by Indemnitee
to be incurred by Indemnitee within three months) in connection with any Proceeding within ten (10) days after the receipt
by the Company of a statement or statements requesting such advances from time to time, prior to the final disposition of any Proceeding.
Advances shall, to the fullest extent permitted by law, be unsecured and interest free. Advances shall be made without regard to
Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to be indemnified,
held harmless or exonerated under the other provisions of this Agreement. Advances shall include any and all reasonable Expenses
incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements
to the Company to support the advances claimed. To the fullest extent required by applicable law, such payments of Expenses in
advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or
on behalf of Indemnitee, to repay the advance to the extent that it is ultimately determined that Indemnitee is not entitled to
be indemnified by the Company under the provisions of this Agreement, the Articles, applicable law or otherwise. This Section 10.1
shall not apply to any claim made by Indemnitee for which an indemnification, hold harmless or exoneration payment is excluded
pursuant to Section 9.

 

		10.2	The Company will be entitled to participate in the Proceeding at its own expense.

 

		10.3	The Company shall not settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment,
fine, penalty or limitation on Indemnitee without Indemnitee’s prior written consent.

 

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		11	PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION

 

		11.1	Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint,
indictment, information or other document relating to any Proceeding or matter which may be subject to indemnification, hold harmless
or exoneration rights, or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not
relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise.

 

		11.2	Indemnitee may deliver to the Company a written application to indemnify, hold harmless or exonerate Indemnitee in accordance
with this Agreement. Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate
in Indemnitee’s sole discretion. Following such a written application for indemnification by Indemnitee, Indemnitee’s
entitlement to indemnification shall be determined according to Section 12.1 of this Agreement.

 

		12	PROCEDURE UPON APPLICATION FOR INDEMNIFICATION

 

		12.1	A determination, if required by applicable law, with respect to Indemnitee’s entitlement to indemnification shall be
made in the specific case by one of the following methods, which shall be at the election of Indemnitee: (i) by a majority
vote of the Disinterested Directors, even though less than a quorum of the Board (ii) by Independent Counsel in a written
opinion to the Board, a copy of which shall be delivered to Indemnitee; or (iii) by vote of the shareholders by ordinary resolution.
The Company will promptly advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled
to indemnification, including a description of any reason or basis for which indemnification has been denied. If it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination.
Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s
entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation
or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and
reasonably necessary to such determination. Any costs or Expenses (including attorneys’ fees and disbursements) incurred
by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective
of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to
hold Indemnitee harmless therefrom.

 

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		12.2	In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 12.1
hereof, the Independent Counsel shall be selected as provided in this Section 12.2. The Independent Counsel shall be selected
by Indemnitee (unless Indemnitee shall request that such selection be made by the Board), and Indemnitee shall give written notice
to the Company advising it of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so
selected meets the requirements of “Independent Counsel” as defined in Section 2 of this Agreement. If the Independent
Counsel is selected by the Board, the Company shall give written notice to Indemnitee advising Indemnitee of the identity of the
Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of “Independent
Counsel” as defined in Section 2 of this Agreement. In either event, Indemnitee or the Company, as the case may
be, may, within ten (10) days after such written notice of selection shall have been received, deliver to the Company or to
Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may
be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel”
as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis of such
assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection
is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within twenty (20) days
after submission by Indemnitee of a written request for indemnification pursuant to Section 11.2 hereof, no Independent Counsel
shall have been selected and not objected to, either the Company or Indemnitee may petition the Delaware Court for resolution of
any objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or
for the appointment as Independent Counsel of a person selected by the Delaware Court, and the person with respect to whom all
objections are so resolved or the person so appointed shall act as Independent Counsel under Section 12.1 hereof. Upon the
due commencement of any judicial proceeding or arbitration pursuant to Section 14.1 of this Agreement, Independent Counsel
shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
conduct then prevailing).

 

		12.3	The Company agrees to pay the reasonable fees and expenses of Independent Counsel and to fully indemnify and hold harmless
such Independent Counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement
or its engagement pursuant hereto.

 

		13	PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS

 

		13.1	In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request
for indemnification in accordance with Section 11.2 of this Agreement, and the Company shall have the burden of proof to overcome
that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption.
Neither the failure of the Company (including by its directors or Independent Counsel) to have made a determination prior to the
commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has
met the applicable standard of conduct, nor an actual determination by the Company (including by its directors or Independent Counsel)
that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that
Indemnitee has not met the applicable standard of conduct.

 

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		13.2	If the person, persons or entity empowered or selected under Section 12 of this Agreement to determine whether Indemnitee
is entitled to indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the
request therefor, the requisite determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
shall, to the fullest extent permitted by applicable law and the Articles, be entitled to such indemnification, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement
not materially misleading, in connection with the request for indemnification, or (ii) a final judicial determination that
any or all such indemnification is expressly prohibited under applicable law; provided, however, that such 30-day
period may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the person, persons or entity making
the determination with respect to entitlement to indemnification in good faith requires such additional time for the obtaining
or evaluating of documentation and/or information relating thereto.

 

		13.3	The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or
upon a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself
adversely affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and
in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or, with respect
to any criminal Proceeding, that Indemnitee had reasonable cause to believe that Indemnitee’s conduct was unlawful.

 

		13.4	For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s
action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied
to Indemnitee by the directors, managers, managing members, or officers of the Enterprise in the course of their duties, or on
the advice of legal counsel for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner,
manager or managing member or on information or records given or reports made to the Enterprise, its Board, any committee of the
Board or any director, trustee, general partner, manager or managing member by an independent certified public accountant or by
an appraiser or other expert selected by the Enterprise, its Board, any committee of the Board or any director, trustee, general
partner, manager or managing member. The provisions of this Section 13.4 shall not be deemed to be exclusive or to limit in
any way the other circumstances in which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth
in this Agreement.

 

		13.5	The knowledge and/or actions, or failure to act, of any other director, officer, trustee, partner, manager, managing member,
fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification
under this Agreement.

 

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		14	REMEDIES OF INDEMNITEE

 

		14.1	In the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled
to indemnification under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law and
the Articles, is not timely made pursuant to Section 10 of this Agreement, (iii) no determination of entitlement to indemnification
shall have been made pursuant to Section 12.1 of this Agreement within thirty (30) days after receipt by the Company of the
request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 5, 6, 7 or the last sentence
of Section 12.1 of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) a
contribution payment is not made in a timely manner pursuant to Section 8 of this Agreement, (vi) payment of indemnification
pursuant to Section 3 or 4 of this Agreement is not made within ten (10) days after a determination has been made that
Indemnitee is entitled to indemnification, or (vii) payment to Indemnitee pursuant to any hold harmless or exoneration rights
under this Agreement or otherwise is not made within ten (10) days after receipt by the Company of a written request therefor, Indemnitee
shall be entitled to an adjudication by the Delaware Court to such indemnification, hold harmless, exoneration, contribution or
advancement rights. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted
by a single arbitrator pursuant to the Commercial Arbitration Rules and Mediation Procedures of the American Arbitration Association.
Except as set forth herein, the provisions of Delaware law (without regard to its conflict of laws rules) shall apply to any such
arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

 

		14.2	In the event that a determination shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is not
entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted
in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse
determination. In any judicial proceeding or arbitration commenced pursuant to this Section 14, Indemnitee shall be presumed
to be entitled to be indemnified, held harmless, exonerated and to receive advances of Expenses under this Agreement and the Company
shall have the burden of proving Indemnitee is not entitled to be indemnified, held harmless, exonerated and to receive advances
of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to Section 12.1
of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant
to this Section 14, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 10
until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of
appeal have been exhausted or lapsed).

 

		14.3	If a determination shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification
under applicable law.

 

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		14.4	The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 14
that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court
or before any such arbitrator that the Company is bound by all the provisions of this Agreement.

 

		14.5	The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by applicable law and the Articles
against all Expenses and, if requested by Indemnitee, shall (within ten (10) days after the Company’s receipt of such
written request) pay to Indemnitee, to the fullest extent permitted by applicable law and the Articles, such Expenses which are
incurred by Indemnitee in connection with any judicial proceeding or arbitration brought by Indemnitee (i) to enforce Indemnitee’s
rights under, or to recover damages for breach of, this Agreement or any other indemnification, hold harmless, exoneration, advancement
or contribution agreement or provision of the Articles now or hereafter in effect; or (ii) for recovery or advances under
any insurance policy maintained by any person for the benefit of Indemnitee, regardless of the outcome and whether Indemnitee ultimately
is determined to be entitled to such indemnification, hold harmless or exoneration right, advancement, contribution or insurance
recovery, as the case may be (unless such judicial proceeding or arbitration was not brought by Indemnitee in good faith).

 

		14.6	Interest shall be paid by the Company to Indemnitee at a rate to be agreed between the Company and Indemnitee for amounts which
the Company indemnifies, holds harmless or exonerates, or is obliged to indemnify, hold harmless or exonerate for the period commencing
with the date on which Indemnitee requests indemnification, to be held harmless, exonerated, contribution, reimbursement or advancement
of any Expenses and ending with the date on which such payment is made to Indemnitee by the Company.

 

		15	SECURITY

 

		 	Notwithstanding anything herein to the contrary except for Section 27, to the extent requested by Indemnitee and approved
by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s obligations
hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided to Indemnitee,
may not be revoked or released without the prior written consent of Indemnitee.

 

		16	NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION

 

		16.1	The rights of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the Articles, any agreement, a vote of shareholders or a resolution of directors,
or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right
of Indemnitee under this Agreement in respect of any Proceeding (regardless of when such Proceeding is first threatened, commenced
or completed) arising out of, or related to, any action taken or omitted by such Indemnitee in Indemnitee’s Corporate Status
prior to such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision,
permits greater indemnification, hold harmless or exoneration rights or advancement of Expenses than would be afforded currently
under the Articles or this Agreement, then this Agreement (without any further action by the parties hereto) shall automatically
be deemed to be amended to require that the Company indemnify Indemnitee to the fullest extent permitted by law. No right or remedy
herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative
and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.
The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment
of any other right or remedy.

 

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		16.2	The Articles permit the Company to purchase and maintain insurance or furnish similar protection or make other arrangements
including, but not limited to, providing a trust fund, letter of credit, or surety bond (“Indemnification Arrangements”)
on behalf of Indemnitee against any liability asserted against Indemnitee or incurred by or on behalf of Indemnitee or in such
capacity as a director, officer, employee or agent of the Company, or arising out of Indemnitee’s status as such, whether
or not the Company would have the power to indemnify Indemnitee against such liability under the provisions of this Agreement,
as it may then be in effect. The purchase, establishment, and maintenance of any such Indemnification Arrangement shall not in
any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided
herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the
rights and obligations of the Company or the other party or parties thereto under any such Indemnification Arrangement.

 

		16.3	To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
trustees, partners, managers, managing members, fiduciaries, employees, or agents of the Company or of any other Enterprise which
such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with
its or their terms to the maximum extent of the coverage available for any such director, officer, trustee, partner, manager, managing
member, fiduciary, employee or agent under such policy or policies. If, at the time the Company receives notice from any source
of a Proceeding as to which Indemnitee is a party or a participant (as a witness, deponent or otherwise), the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the
terms of such policies.

 

		16.4	In the event of any payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee, who shall execute all papers required and take all action necessary to secure such rights, including
execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

    15

     

    

 

		16.5	The Company’s obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to Indemnitee who is or
was serving at the request of the Company as a director, officer, trustee, partner, manager, managing member, fiduciary, employee
or agent of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification, hold harmless
or exoneration payments or advancement of expenses from such Enterprise. Notwithstanding any other provision of this Agreement
to the contrary except for Section 27, (i) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or
apportion any indemnification, hold harmless, exoneration, advancement, contribution or insurance coverage among multiple parties
possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this
Agreement, and (ii) the Company shall perform fully its obligations under this Agreement without regard to whether Indemnitee
holds, may pursue or has pursued any indemnification, advancement, hold harmless, exoneration, contribution or insurance coverage
rights against any person or entity other than the Company.

 

		17	DURATION OF AGREEMENT

 

		 	All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director
or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent
of any other company, corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee
serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding
(including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement)
by reason of Indemnitee’s Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability
or expense is incurred for which indemnification or advancement can be provided under this Agreement.

 

		18	SEVERABILITY

 

		 	If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation,
each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal
or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and
shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed
to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to
the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph
or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 

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		19	ENFORCEMENT AND BINDING EFFECT

 

		19.1	The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it
hereby in order to induce Indemnitee to serve as a director, officer or key employee of the Company, and the Company acknowledges
that Indemnitee is relying upon this Agreement in serving as a director, officer or key employee of the Company.

 

		19.2	Without limiting any of the rights of Indemnitee under the Articles as they may be amended from time to time, this Agreement
constitutes the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior
agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.

 

		19.3	The indemnification, hold harmless, exoneration and advancement of expenses rights provided by or granted pursuant to this
Agreement shall be binding upon and be enforceable by the parties hereto and their respective successors and assigns (including
any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or
assets of the Company), shall continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company
or a director, officer, trustee, general partner, manager, managing member, fiduciary, employee or agent of any other Enterprise
at the Company’s request, and shall inure to the benefit of Indemnitee and Indemnitee’s spouse, assigns, heirs, devisees,
executors and administrators and other legal representatives.

 

		19.4	The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and
substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same
extent that the Company would be required to perform if no such succession had taken place.

 

		19.5	The Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate,
impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the
parties hereto agree that Indemnitee may enforce this Agreement by seeking, among other things, injunctive relief and/or specific
performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or
specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which Indemnitee may
be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to such specific performance and injunctive
relief, including temporary restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting
bonds or other undertaking in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking
may be required of Indemnitee by a Court of competent jurisdiction and the Company hereby waives any such requirement of such a
bond or undertaking.

 

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		20	MODIFICATION AND WAIVER

 

No supplement, modification or amendment of this Agreement
shall be binding unless executed in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement
shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing
waiver.

 

		21	NOTICES

 

All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered by hand and received
for by the party to whom said notice or other communication shall have been directed, on such delivery, or (ii) if mailed
by certified or registered mail with postage prepaid, on the third (3rd) business day after the date on which it is so mailed:

 

		(a)	If to Indemnitee, at the address indicated on the signature page of this Agreement or such other address as Indemnitee
shall provide in writing to the Company.

 

		(b)	If to the Company, to:

 

Social Capital Hedosophia Holdings
Corp. IV

317 University Ave, Suite 200

Palo Alto, CA 94301

Attn: Chief Executive Officer

 

With copies, which shall not constitute notice, to:

 

Hedosophia

Yalding House

152 Great Portland Street

London, W1W 6AJ

United Kingdom

Attn: General Counsel

 

and

 

Skadden, Arps, Slate, Meagher & Flom LLP

300 South Grand Avenue, Suite 3400

Los Angeles, California 90071

Attn: Gregg A. Noel, Esq.

 

or to any other address as may have been furnished to
Indemnitee in writing by the Company.

 

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		22	APPLICABLE LAW AND CONSENT TO JURISDICTION

 

		 	This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with,
the laws of the State of Delaware. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 14.1
of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or proceeding
arising out of or in connection with this Agreement shall be brought only in the Delaware Court and not in any other state or
federal court in the United States of America or any court in any other country; (b) consent to submit to the exclusive jurisdiction
of the Delaware Court for purposes of any action or proceeding arising out of or in connection with this Agreement; (c) waive
any objection to the laying of venue of any such action or proceeding in the Delaware Court; and (d) waive, and agree not
to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper
or inconvenient forum, or is subject (in whole or in part) to a jury trial.

 

		23	IDENTICAL COUNTERPARTS

 

		 	This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but
all of which together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom
enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

		24	MISCELLANEOUS

 

		 	Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate. The headings of the paragraphs
of this Agreement are inserted for convenience only and shall not be deemed to constitute part of this Agreement or to affect
the construction thereof.

 

		25	PERIOD OF LIMITATIONS

 

		 	No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s
spouse, heirs, executors or personal or legal representatives after the expiration of two (2) years from the date of accrual
of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted
by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period
of limitations is otherwise applicable to any such cause of action such shorter period shall govern.

 

		26	ADDITIONAL ACTS

 

		 	If for the validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required,
the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will
enable the Company to fulfil its obligations under this Agreement.

 

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		27	WAIVER OF CLAIMS TO TRUST ACCOUNT

 

		 	Indemnitee hereby agrees that it does not have any right, title, interest or claim of any kind (each, a “Claim”)
in or to any monies in the trust account established in connection with the Company’s initial public offering for the benefit
of the Company and holders of shares issued in such offering, and hereby waives any Claim it may have in the future as a result
of, or arising out of, any services provided to the Company and will not seek recourse against such trust account for any reason
whatsoever.

 

		28	INTERPRETATION

 

			In this Agreement:

 

		(a)	“written” and “in writing” include all modes of representing or reproducing words in visible form,
including in the form of an Electronic Record;

 

		(b)	“shall” shall be construed as imperative and “may” shall be construed as permissive;

 

		(c)	references to provisions of any law or regulation shall be construed as references to those provisions as amended, modified,
re-enacted or replaced;

 

		(d)	any phrase introduced by the terms “including”, “include”, “in particular” or any similar
expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;

 

	 	the term “and/or” is used herein to mean both “and” as well as “or. ” The use of “and/or”
in certain contexts in no respects qualifies or modifies the use of the terms “and" or “or" in others. The
term "or" shall not be interpreted to be exclusive and the term “and” shall not be interpreted to require
the conjunctive (in each case, unless the context otherwise requires).

 

[Signature Page Follows]

 

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IN WITNESS WHEREOF, the parties hereto
have caused this Indemnity Agreement to be signed as of the day and year first above written.

 

	 	By:	/s/ Katie J. Stanton
	 	 	Name:	Katie J. Stanton
	 		Address:	c/o Social Capital Hedosophia 

   Holdings Corp.
IV

   317 University Ave., Suite 200

   Palo Alto, CA 94301
	 			
	 	SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP. IV  
	 			
	 	 	 	 
	 	By:	/s/ Chamath Palihapitiya
	 		Name:	Chamath Palihapitiya
	 		Title:	Authorized SignatoryExhibit 10.5

 

EXECUTION VERSION

 

SOCIAL CAPITAL HEDOSOPHIA HOLDINGS CORP.
IV

DIRECTOR RESTRICTED STOCK UNIT AWARD
AGREEMENT

 

This Director Restricted Stock Unit Award
Agreement (this “RSU Award Agreement”), dated as of December 10, 2020 (the “Grant Date”),
is made by and between Social Capital Hedosophia Holdings Corp. IV, an exempted company incorporated under the laws of the Cayman
Islands (the “Company”), and Joanne Bradford (the “Participant”). The terms of this RSU Award
Agreement shall be governed by the terms of the omnibus equity incentive plan to be adopted by the Company and submitted for approval
by the Company’s shareholders in connection with the Company’s initial Business Combination (as defined below) (the
 “Plan”). Certain capitalized terms used herein and not otherwise defined are defined in Section 6 hereof.

 

1.            Grant
of Restricted Stock Units. The Company hereby grants to the Participant 100,000 restricted stock units (the “RSUs”),
subject to all of the terms and conditions of this RSU Award Agreement and the Plan.

 

2.            Vesting.

 

(a)            Subject
to Sections 2(b) and 7, the RSUs shall become vested in full upon the consummation of the Company’s initial Business
Combination; provided that the Participant remains in continuous service as a member of the Board of Directors of the Company (the
 “Board”) through the time that is immediately prior to the consummation of the Company’s initial Business
Combination. In the event that the Company does not consummate a Business Combination prior to the date required under its Governing
Documents, all RSUs will be automatically forfeited without consideration, and this RSU Award Agreement will be null and void.

 

(b)            If
the Participant’s service as a member of the Board is terminated for any reason prior to the date on which the Company’s
initial Business Combination is consummated, then on the date of such termination from service (i) this RSU Award Agreement
shall terminate and all rights of the Participant with respect to the RSUs shall immediately terminate, (ii) the RSUs shall
be forfeited without payment of any consideration, and (iii) neither the Participant nor any of the Participant’s successors,
heirs, assigns, or personal representatives shall thereafter have any further rights or interests in the RSUs.

 

3.            Settlement.
Each RSU granted hereunder shall represent the notional right to receive a single Ordinary Share and, upon a Domestication, if
any, each RSU will be converted into the notional right to receive a single share of Common Stock. Vested RSUs will be settled
in Ordinary Shares or shares of Common Stock, as applicable, on a date determined in the sole discretion of the Company that shall
occur between January 1 and December 31 of the year following the year in which vesting occurs.

 

4.            Equitable
Adjustment. In the event of any Change in Capitalization (other than in connection with a Business Combination), an equitable
substitution or proportionate adjustment shall be made in (i) the kind and number of Shares or other securities or the amount
of cash or amount or type of other property subject to outstanding RSUs granted under this Agreement; and/or (ii) the terms
and conditions of this RSU Award Agreement; provided, however, that any fractional shares resulting from the adjustment
shall be eliminated. The Company is further authorized to make adjustments in the terms and conditions of, and the criteria included
in, this RSU Award Agreement in recognition of unusual or infrequent events (including, without limitation, the events described
in this Section 4, but excluding an initial Business Combination) affecting the Company or the financial statements of the
Company, including but not limited to changes in the number or conversion rights associated with the Class B Shares or Warrants
other than as contemplated hereby, or of changes in applicable laws, regulations, or accounting principles, whenever the Company
determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits
intended to be made available under this RSU Award Agreement.

 

    

    

    

 

5.            Voting
and Other Rights. The Participant shall have no rights of a stockholder with respect to the RSUs (including the right to vote
and the right to receive distributions or dividends) unless and until Shares are issued in respect thereof following the date on
which they vest in accordance with Section 2(a) hereof; provided, that with respect to the period commencing on
the Grant Date and ending on the date the Shares subject to such RSUs are issued pursuant to this RSU Award Agreement, the Participant
shall be eligible to receive an amount equal to the product of (i) the number of Shares to be delivered as a result of such
vesting, and (ii) the amount of cash distributed by the Company with respect to an outstanding Share during such period, which
amount shall be paid to the Participant on the date such Shares are issued (provided that such amount shall not be paid to the
extent that any RSUs do not become vested and Shares are not delivered). No interest or other earnings will be credited with respect
to such payment.

 

6.            Definitions.
As used herein, the following defined terms have the definitions set forth below:

 

		i.	“Business Combination” shall mean a merger, share exchange, asset acquisition, share purchase, reorganization
or similar business combination, involving the Company and one or more businesses.

 

		ii.	“Change in Capitalization” means any (a) merger, consolidation, reclassification, recapitalization,
spin-off, spin-out, repurchase or other reorganization or corporate transaction or event, (b) special or extraordinary dividend
or other extraordinary distribution (whether in the form of cash, Shares or other property), stock split, reverse stock split,
share subdivision or consolidation, (c) combination or exchange of Shares or (d) other change in corporate structure,
which, in any such case, the Company determines, in its sole discretion, affects the Shares such that an adjustment pursuant to
Section 4 is appropriate.

 

		iii.	“Class B Shares” shall mean the Class B ordinary shares of the Company, par value $0.0001 per
share.

 

		iv.	“Common Stock” shall mean the common stock, par value $0.0001 per share, of the Company following a Domestication.

 

		v.	“Domestication” shall mean a domestication by the Company as a Delaware corporation.

 

		vi.	“Governing Document” shall mean (a) prior to a Domestication, the Company’s amended and restated
memorandum and articles of association, as the same may be amended from time to time, and (b) upon and following a Domestication,
its certificate of incorporation and bylaws, as the same may be amended from time to time.

 

    2

    

    

 

		vii.	“Ordinary Shares” shall mean the Class A ordinary shares of the Company, par value $0.0001 per share.

 

		viii.	“Shares” shall mean, collectively, Ordinary Shares, shares of Common Stock and Class B Shares, as applicable.

 

		ix.	“Trust Account” shall mean the trust fund into which a portion of the net proceeds of the Company’s
initial public offering were deposited for the benefit of the Company, certain of its public shareholders and the underwriters
of the Company’s initial public offering.

 

		x.	“Warrants” shall mean warrants to purchase Shares.

 

7.            RSU
Award Agreement Subject to Plan and Shareholder Approval. This RSU Award Agreement is made pursuant to all of the provisions
of the Plan, which is incorporated herein by this reference, and is intended, and shall be interpreted in a manner, to comply therewith.
In the event of any conflict between the provisions of this RSU Award Agreement and the provisions of the Plan, the provisions
of this RSU Award Agreement shall govern. The Participant hereby acknowledges that all decisions, determinations and interpretations
of the Administrator in respect of the Plan, this RSU Award Agreement and the RSUs shall be final and conclusive. This RSU Award
Agreement and the grant of RSUs hereunder is expressly contingent upon approval of the Plan and the overall share limit set forth
therunder by the Company’s Board (or a designated committee thereof) and the Company’s shareholders. If the Plan is
not so approved on or prior to the consummation of the Company’s initial Business Combination, this RSU Award Agreement shall
be null and void ab initio. Any issuance of Shares in respect of RSUs shall be issued under and pursuant to the terms of the Plan.

 

8.            Regulations
and Other Approvals.

 

		i.	Any resale of the Shares received in respect of RSUs shall be made in compliance with the registration requirement of the Securities
Act of 1933, as amended (the “Securities Act”), or an applicable exemption therefrom, including, without limitation,
the exemption provided by Rule 144 promulgated thereunder (or any successor rule, “Rule 144”).

 

		ii.	The obligation of the Company to sell or deliver Shares with respect to any RSU granted hereunder shall be subject to all applicable
laws, rules and regulations, including all applicable federal and state securities laws, and the obtaining of all such approvals
by governmental agencies as may be deemed necessary or appropriate by the Company.

 

		iii.	Each RSU is subject to the requirement that, if at any time the Company determines, in its absolute discretion, that the listing,
registration or qualification of Shares issuable hereunder is required by any securities exchange or under any state or federal
law, or the consent or approval of any governmental regulatory body is necessary or desirable as a condition of, or in connection
with, the grant of an RSU or the issuance of Shares, no such RSU shall be granted or payment made or Shares issued, in whole or
in part, unless such listing, registration, qualification, consent or approval has been effected or obtained free of any conditions
not acceptable to the Company.

 

    3

    

    

 

9.            Participant
Representations and Warranties. This RSU Award Agreement and the grant of RSUs hereunder is expressly conditioned on the Participant’s
acceptance and agreement to the representations and warranties set forth in Annex A hereto. All representations and warranties
contained in Annex A shall survive the execution of this RSU Award Agreement and the grant of the RSUs contemplated hereby. The
Participant agrees to indemnify and hold harmless the Company from any liability, loss or expense (including, without limitation,
reasonable attorneys' fees) if the Participant has breached any representation or warranty hereunder.

 

10.          No
Rights to Continuation of Service. Nothing in the Plan or this RSU Award Agreement shall confer upon the Participant any right
to continue in the service of the Company or any Affiliate thereof or shall interfere with or restrict the right of the Company
or its Affiliates to terminate the Participant’s service at any time for any reason whatsoever.

 

11.          Taxes.
The Participant understands that the Participant (and not the Company) shall be responsible for any tax liability that may arise
as a result of the transactions contemplated by this RSU Award Agreement.

 

12.          Section 409A
and Section 457A. The intent of the parties is that the payments and benefits under this RSU Award Agreement comply with
Section 409A of the Code and be exempt from Section 457A of the Code, to the extent subject thereto, and accordingly,
to the maximum extent permitted, this RSU Award Agreement shall be interpreted and administered to be in compliance therewith or
exempt therefrom, as applicable. Notwithstanding anything contained herein to the contrary, the Participant shall not be considered
to have terminated service with the Company for purposes of any payments under this RSU Award Agreement which are subject to Section 409A
of the Code until the Participant would be considered to have incurred a “separation from service” from the Company
within the meaning of Section 409A of the Code. Each amount to be paid or benefit to be provided under this RSU Award Agreement
shall be construed as a separate identified payment for purposes of Section 409A of the Code. Without limiting the foregoing
and notwithstanding anything contained herein to the contrary, to the extent required in order to avoid accelerated taxation and/or
tax penalties under Section 409A of the Code, amounts that would otherwise be payable and benefits that would otherwise be
provided pursuant to this RSU Award Agreement or any other arrangement between the Participant and the Company during the six-month
period immediately following the Participant’s separation from service shall instead be paid on the first business day after
the date that is six months following the Participant’s separation from service (or, if earlier, the Participant’s
date of death). The Company makes no representation that any or all of the payments described in this RSU Award Agreement will
be exempt from or comply with Section 409A or Section 457A of the Code and makes no undertaking to preclude Section 409A
or Section 457A of the Code from applying to any such payment. The Participant shall be solely responsible for the payment
of any taxes and penalties incurred under Section 409A or Section 457A of the Code.

 

13.          Governing
Law. This RSU Award Agreement shall be governed by and construed in accordance with the laws of the State of Delaware.

 

    4

    

    

 

14.          RSU
Award Agreement Binding on Successors. The terms of this RSU Award Agreement shall be binding upon the Participant and upon
the Participant’s heirs, executors, administrators, personal representatives, transferees, assignees and successors in interest,
and upon the Company and its successors and assignees, subject to the terms of the Plan.

 

15.          No
Assignment. Notwithstanding anything to the contrary in this RSU Award Agreement, neither this RSU Award Agreement nor any
rights granted herein shall be assignable by the Participant.

 

16.          Necessary
Acts. The Participant hereby agrees to perform all acts, and to execute and deliver any other documents that may be reasonably
necessary to carry out the provisions of this RSU Award Agreement, including but not limited to all acts and documents related
to compliance with federal and/or state securities and/or tax laws.

 

17.          Severability.
Should any provision of this RSU Award Agreement be held by a court of competent jurisdiction to be unenforceable, or enforceable
only if modified, such holding shall not affect the validity of the remainder of this RSU Award Agreement, the balance of which
shall continue to be binding upon the parties hereto with any such modification (if any) to become a part hereof and treated as
though contained in this original RSU Award Agreement. Moreover, if one or more of the provisions contained in this RSU Award Agreement
shall for any reason be held to be excessively broad as to scope, activity, subject or otherwise so as to be unenforceable, in
lieu of severing such unenforceable provision, such provision or provisions shall be construed by the appropriate judicial body
by limiting or reducing it or them, so as to be enforceable to the maximum extent compatible with the applicable law as it shall
then appear, and such determination by such judicial body shall not affect the enforceability of such provisions or provisions
in any other jurisdiction.

 

18.          Entire
Agreement. This RSU Award Agreement, the Plan and the letter agreement, dated the date hereof, between the Company and the
Participant, contain the entire agreement and understanding among the parties as to the subject matter hereof, and supersedes any
other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof.

 

19.          Headings.
Headings are used solely for the convenience of the parties and shall not be deemed to be a limitation upon or descriptive of the
contents of any such Section.

 

20.          Counterparts;
Electronic Signature. This RSU Award Agreement may be executed in any number of counterparts, each of which shall be deemed
to be an original and all of which together shall be deemed to be one and the same instrument. The Participant’s electronic
signature of this RSU Award Agreement shall have the same validity and effect as a signature affixed by the Participant’s
hand.

 

21.          Amendment.
No amendment or modification hereof shall be valid unless it shall be in writing and signed by all parties hereto.

 

22.          Waiver
against Trust Account. The Participant acknowledges that the Participant has no right, title, interest or claim of any kind
in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with
respect to the RSUs. The Participant hereby further acknowledges that the Participant shall have no right of set-off or any other
right, title, interest or claim of any kind (“Claim”) in, or to any distribution of, the Trust Account and hereby
agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the Trust Account for any reason whatsoever.
The Participant hereby waives any and all Claims against the Trust Account and any and all rights to seek access to the Trust Account.

 

[Signature Pages Follow]

 

    5

    

    

 

IN WITNESS WHEREOF, the parties hereto have
executed this RSU Award Agreement as of the date set forth above.

 

 

Social Capital Hedosophia Holdings Corp. IV

 

	By:	/s/
                                         Chamath Palihapitiya	 
	 	Name:   Chamath
Palihapitiya	 
	 	Title:     Chief
Executive Officer	 

 

[Signature Page to Director RSU Award
Agreement]

 

    

    

    

 

The undersigned hereby accepts and agrees
to all the terms and provisions of the foregoing RSU Award Agreement, including Annex A.

 

PARTICIPANT

 

 

	Signature:	/s/
                                         Joanne Bradford	 
	 	 	 
	Print Name:	Joanne
Bradford	 
	 	 	 
	Address:	c/o Social Capital Hedosophia	 
	 	Holdings Corp. IV	 
	 	317 University Ave., Suite 200	 
	 	Palo Alto, CA 94301	 

 

[Signature Page to Director RSU Award
Agreement]

 

    

    

    

 

ANNEX A

REPRESENTATIONS AND WARRANTIES OF THE
PARTICIPANT

 

The Participant hereby represents and warrants to the Company
as of the date of this RSU Award Agreement as follows:

 

		1.	The Participant's domicile is the State of California, all discussions related to this Agreement, the RSUs, and the offer and
acceptance of this RSU Award Agreement, and the RSUs granted hereunder, occurred in the State of California.

 

		2.	The Participant has such knowledge and experience in financial and business matters that the Participant is capable of evaluating
the merits and risks of the investment to be made by the Participant hereunder. The Participant understands and has taken cognizance
of all the risk factors related to the investment in the RSUs.

 

		3.	The Participant is acquiring the RSUs for his or her own account for investment and not with any view to, or for resale in
connection with, any distribution or public offering thereof within the meaning of the Securities Act.

 

		4.	The Participant understands that (i) the RSUs have not been, and any Shares received in respect of RSUs will not be, registered
under the Securities Act or applicable state securities laws, in reliance on exemptions from registration under the Securities
Act and applicable state securities laws, (ii) the RSUs and any Shares received in respect of RSUs may not be sold, transferred,
offered for sale, pledged, hypothecated or otherwise disposed of without registration under the Securities Act, except: (a) to
the Company or a subsidiary thereof, (b) to non-U.S. persons pursuant to offers and sales that occur outside the United States
within the meaning of Regulation S under the Securities Act or (c) pursuant to another applicable exemption from the registration
requirements of the Securities Act, and in each of cases (a) and (c) in accordance with any applicable securities laws
of the states and other jurisdictions of the United States, and that any certificates representing the Shares shall contain a legend
to such effect, (iii) the availability of an exemption from registration may depend on factors over which the Participant
has no control, that unless so registered or exempt from registration the RSUs and any Shares received in respect of RSUs may be
required to be held for an indefinite period and (iv) no federal or state agency has made any finding or determination as
to the fairness for investment, nor any recommendation or endorsement, of the RSUs or any Shares received in respect of RSUs.

 

		5.	The Participant understands that an exemption from registration is not presently available pursuant to Rule 144, that
there is no assurance that such exemption will ever become available to the Participant and that even if it were to become available,
sales pursuant to Rule 144 would be limited in amount and could only be made in full compliance with the provisions of Rule 144.

 

		6.	The Participant acknowledges and agrees that (i) except as expressly provided for in this RSU Award Agreement, no representations
or warranties have been made to the Participant by the Company, any manager, officer, agent, employee or affiliate of the Company,
or any other persons with respect to the Participant's investment in the RSUs, (ii) except for this RSU Award Agreement and
the Plan, there are no agreements, contracts, understandings or commitments between the Participant on the one hand and the Company,
any director, manager, officer, agent, employee or affiliate of the Company on the other hand, with respect to the Participant’s
investment in the RSUs, (iii) in entering into this transaction the Participant is not relying upon any information, other
than that contained in the Plan, this RSU Award Agreement and the results of the Participant's own independent investigation, (iv) the
Participant’s financial situation is such that the Participant can afford to hold the RSUs and any Shares received in respect
of RSUs for an indefinite period of time, has adequate means for providing for his or her current needs and personal contingencies,
and can afford the eventuality that the RSUs and any Shares received in respect of RSUs may ultimately have no value, (v) the
future value of the RSUs and any Shares received in respect of RSUs is speculative, and (vi) the Participant's investment
in the RSUs and any Shares received in respect of RSUs is subject to dilution by the issuance of additional equity securities by
the Company and the Participant is not entitled to any preemptive, tag-along, information or other minority investor rights with
respect to the RSUs and any Shares received in respect of RSUs, other than as expressly set forth in this RSU Award Agreement,
the Plan or as otherwise provided under applicable law.

 

    

    

    

 

		7.	The Participant understands that the Participant must bear the economic risk of his or her investment in the RSUs for an indefinite
period of time.

 

		8.	The Participant understands that the grant of RSUs to the Participant is predicated, in part, on the representations, warranties
and covenants of the Participant contained herein.

 

		9.	The Participant hereby acknowledges that neither the Company nor any representative of the Company has provided, or will provide,
the Participant with tax advice regarding the RSUs, the Company or the execution of this Agreement, and the Company has advised
the Participant to consult the Participant’s own tax advisor with respect to the tax consequences of each of the foregoing,
including but not limited to any applicable elections, withholdings or other matters relating to the RSUs, the Company or the execution
of this Agreement.

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