Viking Global Investors LP
Exhibit 16
000 0xx Xxxxxx
New York, NY 10103
1 February, 2024
CAZOO GROUP LTD
40 Churchway
London NW1 1LW
United Kingdom
RE: Director Designation
Ladies and Gentlemen:
This letter agreement (this “Agreement”) is made and entered into by and between Viking Global Investors LP, together with the funds, accounts and entities
managed or advised (on a discretionary basis) by it from time to time (“Viking”) and Cazoo Group Ltd (the “Company”). Reference is made to that certain Investor Rights
Agreement, dated December 6, 2023, by and among the Company and the Holders thereto (the “IRA”). As contemplated by Section 2.1.2 of the IRA, the Company shall take all Necessary Action (as defined in the IRA)
to cause the appointments of one director to be designated by Viking at a later time following the closing of the transactions contemplated by the Transaction Support Agreement, dated September 20, 2023, by and among the Companies and the parties
thereto, as amended.
Pursuant to this Agreement and in consideration of the mutual agreements contained herein and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged,
Viking hereby designates Xxxx Xxxxx as its Shareholder Designee (as defined in the IRA) as a Class I member of the Board of Directors of the Company.
(signature page follows)
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Sincerely yours,
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By:
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/s/ Xxxxx X. Xxxxxxx
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Name:
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Xxxxx Xxxxxxx
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Title:
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Deputy General Counsel
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ACKNOWLEDGED AND AGREED:
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Cazoo Group Ltd
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By:
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Name:
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Title:
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Sincerely yours,
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By:
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Name:
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Title
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ACKNOWLEDGED AND AGREED:
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Cazoo Group Ltd
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By:
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/s/ Xxxx Xxxxx |
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Name: Xxxx Xxxxx
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Title: cfo
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