INDEMNIFICATION AGREEMENTIndemnification Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance • Delaware
THIS INDEMNIFCATION AGREEMENT (the “Agreement”) is made and entered into as of [Effective Date] between Root, Inc., a Delaware corporation (the “Company”), and [Name of Director] (“Indemnitee”).
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance • Ohio
THIS EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made as of December 16, 2021, (the “Effective Date”), between Caret Holdings, Inc, a Delaware corporation (and collectively with its parents, subsidiaries, and other corporate affiliates, and its or their successors or assigns (the “Company”), and Hemal Shah (“Executive”). The Company and Executive are each referred to as a “Party” and collectively as the “Parties”.
ROOT, INC. EXECUTIVE COMPENSATION LETTER AGREEMENTExecutive Compensation Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance
The Compensation Committee recently approved a cash payment to you in the amount of $4,981,250.00 in light of your promotion to Chief Revenue and Operating Officer, effective September 17, 2021, while simultaneously continuing as the Chief Financial Officer, and your successful closing of the Carvana transaction in October 2021 and the BlackRock term loan transaction in January 2022. You will be required to repay the cash payment should you resign without Good Reason (as defined in your Letter Agreement, hereinafter defined) or be terminated for Cause (as defined below) on or prior to December 31, 2022. Accordingly, this letter agreement (this “Agreement”) confirms the terms and conditions of the cash payment to be made by Root, Inc., or one of its wholly owned subsidiaries (collectively, the “Company”), which shall be effective as of the date you execute and return a copy of this Agreement (such date, the “Effective Date”). If you do not execute and return a copy of this Agreement pri
FIRST AMENDMENT TO LETTER AGREEMENTLetter Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance
THIS FIRST AMENDMENT TO LETTER AGREEMENT is dated as of February 22, 2022 (this Amendment), by and between Root, Inc. (the “Company”) and Alexander Timm.
FIRST AMENDMENT TO LETTER AGREEMENTLetter Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance
THIS FIRST AMENDMENT TO LETTER AGREEMENT is dated as of February 23, 2022 (this Amendment), by and between Root, Inc. (the “Company”) and Daniel Rosenthal.
AMENDMENT TO THEInvestors’ Rights Agreement • February 23rd, 2022 • Root, Inc. • Fire, marine & casualty insurance • Delaware
This Amendment to the Fifth Amended and Restated Investors’ Rights Agreement, as amended (this “Amendment”), is made as of October 28, 2020 by and between Root, Inc., a Delaware corporation (the “Company”) and the Investors set forth on the signature pages hereto. Capitalized terms not herein defined shall have the meanings ascribed to them in the Fifth Amended and Restated Investors’ Rights Agreement by and among the Company, the Investors and any holder of a Lender Warrant dated as of November 25, 2019 (the “Existing Rights Agreement”).
