Mudrick Capital Management, L.P. → Getaround, Inc

Consistent with the Letter Agreement previously disclosed by the Reporting Persons in Item 6 of Amendment No. 11, and by the Issuer in its filings with the SEC, MCM converted Convertible Notes for 100,000,000 shares of Common Stock for $0.25 per share in accordance with the terms of the convertible note subscription agreement dated May 11, 2022, as amended, and the notes indenture. The Reporting Persons intend to support the Issuer's proposal to dissolve and wind down operations in accordance with the DGCL at the Issuer's upcoming Special Meeting of Stockholders as disclosed in the Issuer's filings with the SEC. It is expected that following such special meeting, the Issuer will dissolve, cease to conduct its business and wind down its affairs in accordance with the DGCL.