Earn Equity in Safr

1. What is a Driver Incentive Share Unit (ISU)?

An award of a Unit gives you the right to receive one share of the common stock of the Company (or its equivalent value) if and when the Company is acquired or has an initial public offering on a stock exchange. Common stock is the same class of stock held by the founders of the Company when the Company was established.

1. Who is eligible for the Program?

All drivers are eligible. Drivers are eligible after driving for the company for [one] full calendar quarter.

1. How much is available under the Program?

The Company has designated 50% of the common stock of the Company to be available to be awarded. Each quarter the Company will award to drivers 1.25%, so that the whole pool would be awarded after 10 years.

1. When do the Units pay out?

The Units pay out if and when the Company is sold or has an initial public offering of its common stock. The Units have no cash value and cannot be transferred or sold, and will not be repurchased by the Company, before one of these pay-out events. If the Company has a public offering of its stock, the Units will be paid out in stock. If the Company is acquired, the Units may be paid out in stock of the Company, stock of the acquiring company, cash, or a combination, depending on the terms of the transaction at the time.

1. How does a driver earn Units?

Units are awarded each calendar quarter in proportion to the amount you drive during that quarter.

For example, if you drive during a quarter 1% of the total amount driven by all eligible drivers that quarter, then you would receive 1% of the total Units for that quarter.

1. Can a driver lose Units?

You can lose your Units if your driving relationship with the Company is terminated for misconduct.

1. When will the Plan take effect?

At this point, we are working with our Board of Directors and lawyers to finalize the terms of the plan and hope that it will be complete very soon. Until then, the Plan remains subject to that process and the approval of our Board of Directors.