| /s/ Alex Rodrigues Alex Rodrigues | | | /s/ Penelope Herscher Penelope Herscher | |
| Chief Executive Officer and Director | | | Chairperson of the Board of Directors | |
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| | | Shares of Common Stock Held Directly(1) | | | Embark RSUs(2) | | | | | | | | ||||||||||||||||||
Name | | | Number of Shares (#) | | | Value of Shares ($) | | | Number of Shares (#) | | | Value ($) | | | Total ($) | | |||||||||||||||
Alex Rodrigues | | | | | 2,501,716 | | | | | | 7,204,942.08 | | | | | | — | | | | | | — | | | | | | 7,204,942.08 | | |
Richard Hawwa(3) | | | | | 49,087 | | | | | | 141,370.56 | | | | | | — | | | | | | — | | | | | | 141,370.56 | | |
Morgan Dioli | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Siddhartha Venkatesan | | | | | 34,494 | | | | | | 99,342.72 | | | | | | 30,762 | | | | | | 88,594.56 | | | | | | 187,937.28 | | |
Brandon Moak | | | | | 1,852,232 | | | | | | 5,334,428.16 | | | | | | — | | | | | | — | | | | | | 5,334,428.16 | | |
Stephen Houghton(4) | | | | | 26,303 | | | | | | 75,752.64 | | | | | | — | | | | | | — | | | | | | 75,752.64 | | |
Elaine Chao | | | | | 9,884 | | | | | | 28,465.92 | | | | | | — | | | | | | — | | | | | | 28,465.92 | | |
Patricia Chiodo | | | | | 13,041 | | | | | | 37,558.08 | | | | | | — | | | | | | — | | | | | | 37,558.08 | | |
Pat Grady | | | | | 8,532 | | | | | | 24,572.16 | | | | | | — | | | | | | — | | | | | | 24,572.16 | | |
Penelope Herscher | | | | | 8,044 | | | | | | 23,166.72 | | | | | | 15,729 | | | | | | 45,299.52 | | | | | | 68,466.24 | | |
Ian Robertson | | | | | 7,929 | | | | | | 22,835.52 | | | | | | — | | | | | | — | | | | | | 22,835.52 | | |
Name and Address of Beneficial Owner(1) | | | Number of Shares of Class A Common Stock(2) | | | % | | | Number of Shares of Class B Common Stock | | | % | | | Percent of Total Voting Power(3) | | |||||||||||||||
5% Holders | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
BML Investment Partners, L.P.(4) | | | | | 994,355 | | | | | | 5.0% | | | | | | — | | | | | | * | | | | | | 1.6% | | |
Entities Affiliated With Sequoia Capital(5) | | | | | 2,657,204 | | | | | | 13.5% | | | | | | — | | | | | | * | | | | | | 4.2% | | |
Data Collective IV, L.P.(6) | | | | | 3,186,008 | | | | | | 16.1% | | | | | | — | | | | | | * | | | | | | 5.0% | | |
Directors and Executive Officers | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Alex Rodrigues(7) | | | | | — | | | | | | * | | | | | | 2,501,716 | | | | | | 57.5% | | | | | | 39.5% | | |
Brandon Moak(8) | | | | | — | | | | | | * | | | | | | 1,852,232 | | | | | | 42.5% | | | | | | 29.3% | | |
Richard Hawwa(9) | | | | | 49,087 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Morgan Dioli | | | | | — | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Siddhartha Venkatesan(10) | | | | | 38,332 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Elaine Chao(11) | | | | | 9,884 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Pat Grady(12) | | | | | 2,665,736 | | | | | | 13.5% | | | | | | — | | | | | | * | | | | | | 4.2% | | |
Patricia Chiodo(13) | | | | | 13,059 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Ian Robertson(14) | | | | | 7,929 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
Penelope Herscher(15) | | | | | 8,447 | | | | | | * | | | | | | — | | | | | | * | | | | | | * | | |
All directors and officers as a group (ten individuals) | | | | | 2,792,474 | | | | | | 14.1% | | | | | | 4,353,948 | | | | | | 100.0% | | | | | | 73.2% | | |
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EXHIBITS | | | | | | | |
Exhibit A Voting and Support Agreement | | | | | | | |
Exhibit B Certificate of Merger | | | | | | | |
Exhibit C Amended and Restated Bylaws | | | | | | | |
Term | | | Section Reference | |
Agreement | | | Preamble | |
Alternative Acquisition Agreement | | | 5.2(a) | |
Buyer Parties | | | Preamble | |
Bylaws | | | 1.5(b) | |
Capitalization Date | | | 3.2(a) | |
Certificate of Merger | | | 1.2 | |
Certificates | | | 2.3(c)(i) | |
Charter | | | 1.5(a) | |
Closing | | | 1.3 | |
Closing Date | | | 1.3 | |
Company | | | Preamble | |
Company Board Recommendation | | | 3.3(c) | |
Company Board Recommendation Change | | | 5.2(c)(i) | |
Company Data | | | 3.17(k) | |
Company Disclosure Letter | | | Article III | |
Company Financial Statements | | | 3.5(c) | |
Company Indemnified Proceeding | | | 6.8(b) | |
Company IT Systems | | | 3.17(j) | |
Term | | | Section Reference | |
Company Material Contracts | | | 3.16(b) | |
Company Preferred Stock | | | 3.2(a) | |
Company Related Parties | | | 8.3(e) | |
Company SEC Reports | | | 3.5(a) | |
Confidentiality Agreement | | | 9.6 | |
Court | | | 7.2(e) | |
D&O Tail Policy 1 | | | 6.8(d) | |
D&O Tail Policy 2 | | | 6.8(d) | |
D&O Tail Policies | | | 6.8(d) | |
Data Security Incident | | | 3.17(k) | |
DGCL | | | Recitals | |
Dissenting Company Shares | | | 2.1(c)(i) | |
District Court | | | 1.3 | |
DPA | | | 4.13 | |
DTC | | | 2.3(d) | |
DTC Payment | | | 2.3(d) | |
Effective Time | | | 1.2 | |
Electronic Delivery | | | 9.15 | |
Enforceability Limitations | | | 3.3(a) | |
Event Notice Period | | | 5.2(d)(i)(2) | |
Exchange Fund | | | 2.3(b) | |
Hardy Proceeding | | | 1.3 | |
In-the-Money Company Option | | | 2.2(a)(i) | |
Indemnified Persons | | | 6.8(a) | |
Insurance Policies | | | 3.20 | |
Interim Period | | | 5.1 | |
Intervening Event | | | 5.2(d)(i) | |
Labor Agreement | | | 3.12(a) | |
Lease Agreement | | | 3.16(a)(viii) | |
Leased Real Property | | | 3.14(b) | |
Merger | | | Recitals | |
Merger Sub | | | Preamble | |
New Broker | | | 6.8(c) | |
Notice Period | | | 5.2(d)(ii)(3) | |
Other Required Company Filing | | | 6.3(b) | |
Other Required Parent Filing | | | 6.8(c) | |
Owned Company Share | | | 2.1(a)(iii) | |
Parent | | | Preamble | |
Parent Disclosure Letter | | | Article IV | |
Parent Related Parties | | | 8.3(e) | |
Party | | | Preamble | |
Payment Agent | | | 2.3(a) | |
Per Share Price | | | 2.1(a)(ii) | |
Term | | | Section Reference | |
Performance RSUs | | | 2.2(b)(iii) | |
Permits | | | 3.10 | |
Preliminary Approval | | | 7.2(e) | |
Proxy Statement | | | 6.3(a) | |
Recovery Costs | | | 8.3(d) | |
Relevant Matters | | | 9.11 | |
Requisite Stockholder Approval | | | 3.3(d) | |
Stockholder Meeting | | | 6.4(a) | |
Surviving Corporation | | | 1.1 | |
Termination Date | | | 8.1(c) | |
Uncertificated Shares | | | 2.3(c)(i) | |
Uncertificated Warrants | | | 2.3(c)(ii) | |
Union | | | 3.12(a) | |
Unvested Company RSUs | | | 2.2(b)(ii) | |
Vested Company RSUs | | | 2.2(b)(i) | |
Vested In-the-Money Company Option | | | 2.2(a)(i) | |
Voting and Support Agreement | | | Recitals | |
WARN Act | | | 3.12(d) | |
Warrant Amendment | | | 3.2(c) | |
Warrant Certificates | | | 2.3(c)(ii) | |
Warrant Payment | | | 2.2(e) | |
| Attn: | | | Caine T. Moss Micheal Reagan Justin Smith Matthew Baudler | |
| Email: | | | cmoss@goodwinlaw.com mreagan@goodwinlaw.com justinsmith@goodwinlaw.com mbaudler@goodwinlaw.com | |
| Attn: | | | Alex Rodrigues Siddhartha Venkatesan | |
| Email: | | | alex@embarktrucks.com sid@embarktrucks.com | |
| Attention: | | | Rob Ishii Rich Mullen | |
| Email: | | | rishii@wsgr.com rich.mullen@wsgr.com | |
| | | | APPLIED INTUITION, INC. | | |||
| | | | By: | | | /s/ Qasar Younis Name: Qasar Younis Title: Chief Executive Officer | |
| | | | EMBARK TECHNOLOGY, INC. | | |||
| | | | By: | | | /s/ Alex Rodrigues Name: Alex Rodrigues Title: Chief Executive Officer | |
| | | | ALEX RODRIGEUS | | |||
| | | | By: | | | /s/ Alex Rodrigues Address: [***] Email: [***] | |
| | | | BRANDON MOAK | | |||
| | | | By: | | | /s/ Brandon Moak Address: [***] Email: [***] | |
| Attn: | | | Caine T. Moss Micheal Reagan Justin Smith Matthew Baudler | |
| Email: | | | cmoss@goodwinlaw.com mreagan@goodwinlaw.com justinsmith@goodwinlaw.com mbaudler@goodwinlaw.com | |
| Attn: | | | Alex Rodrigues Siddhartha Venkatesan | |
| Email: | | | alex@embarktrucks.com sid@embarktrucks.com | |
| Attention: | | | Rob Ishii Rich Mullen | |
| Email: | | | rishii@wsgr.com rich.mullen@wsgr.com | |
| | | | APPLIED INTUITION, INC. | | |||
| | | | By: | | | /s/ Qasar Younis Name: Qasar Younis Title: Chief Executive Officer | |
| | | | EMBARK TECHNOLOGY, INC. | | |||
| | | | By: | | | /s/ Alex Rodrigues Name: Alex Rodrigues Title: Chief Executive Officer | |
| | | | SEQUOIA CAPITAL U.S. GROWTH FUND VII, L.P. By: SC U.S. GROWTH VII MANAGEMENT, L.P., Its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |
| | | | SEQUOIA CAPITAL U.S. GROWTH VII PRINCIPALS FUND, L.P. By: SC U.S. GROWTH VII MANAGEMENT, L.P., Its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |
| | | | SEQUOIA CAPITAL U.S. VENTURE FUND XV, L.P. By: SC U.S. VENTURE XV MANAGEMENT, L.P., its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |
| | | | SEQUOIA CAPITAL U.S. VENTURE PARTNERS FUND XV (Q), L.P. By: SC U.S. VENTURE XV MANAGEMENT, L.P., its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |
| | | | SEQUOIA CAPITAL U.S. VENTURE PARTNERS FUND XV, L.P. By: SC U.S. VENTURE XV MANAGEMENT, L.P., its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |
| | | | SEQUOIA CAPITAL U.S. VENTURE XV PRINCIPALS FUND, L.P. By: SC U.S. VENTURE XV MANAGEMENT, L.P., its General Partner | | |||
| | | | By: SC US (TTGP), LTD., a Cayman Islands exempted company, its General Partner | | |||
| | | | By: | | | /s/ Pat Grady Name: Pat Grady Title: Authorized Signatory | |
| | | | | | | Address: [***] | |
| | | | | | | Email: [***] | |