Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Phunware, Inc. entered into Settlement Agreement and Release of Claims with Wilson Sonsini Goodrich & Rosati, PC valued at total sum of $2,193,852.02 (effective 2024-03-05).
- Action
- entry
- Agreement
- settlement
- Counterparty
- Wilson Sonsini Goodrich & Rosati, PC
- Value
- total sum of $2,193,852.02
- Effective
- 2024-03-05
Exact text from the filing
On March 5, 2024, the Company entered into a Settlement Agreement and Release of Claims (the “Settlement Agreement”) with WSGR settling the Uber Litigation. As part of the Settlement Agreement, the Company was required to (i) pay WSGR a total sum of $2,193,852.02 no later than March 8, 2024, (ii) file requests for dismissal of the Uber Litigation, with prejudice, with the Santa Clara Superior Court, and (iii) request that the Uber Arbitration be dismissed and closed with prejudice. In addition, WSGR is required to request that the Uber Arbitration be dismissed and closed with prejudice. The Settlement Agreement also provides that the Company and WSGR release each other from all claims that the Company or WSGR may have against one another with respect to the Uber Litigation or the Uber Arbitration. The full text of the Settlement Agreement is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
View on SEC.gov