Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 6, 2022, the Board of Directors (the "Board") of JAWS Hurricane
Acquisition Corporation (the "Company") fixed the size of the Board at five
directors and appointed Sanjan Dhody to serve as a Class II director. The Board
also appointed Mr. Dhody to serve as a member of the Board's Audit Committee and
Compensation Committee. The Board has determined that Mr. Dhody is an
independent director under applicable Securities and Exchange Commission and
Nasdaq Capital Market rules.
On June 6, 2022, Hurricane Sponsor LLC (the "Sponsor") transferred 25,000 shares
of the Company's Class B common stock, $0.0001 par value per share, to Mr. Dhody
as compensation for his service as a director of the Company. Also on June 6,
2022, Mr. Dhody executed a joinder agreement pursuant to which he became a party
to the Registration and Stockholder Rights Agreement, dated June 15, 2021 (the
"Registration Rights Agreement"), among the Company, the Sponsor and the other
equityholders of the Company, which provides for customary demand and piggy-back
registration rights for the Holders (as defined therein), and includes certain
transfer restrictions applicable to the Holders with respect to Company
securities they hold. A copy of the Registration Rights Agreement was filed as
Exhibit 10.3 to the Company's Current Report on Form 8-K, filed with the
Securities and Exchange Commission (the "SEC") on June 16, 2021, and is
incorporated herein by reference.
On June 6, 2022, Mr. Dhody executed a joinder agreement pursuant to which he
became party to the Letter Agreement, dated June 10, 2021 (the "Insider
Letter"), among the Company, the Sponsor and each of the officers and directors
of the Company. A copy of the Insider Letter was filed as Exhibit 10.4 to the
Company's Current Report on Form 8-K, filed with the SEC on June 16, 2021, and
is incorporated herein by reference.
Mr. Dhody also entered into an indemnification agreement (the "Indemnification
Agreement"), pursuant to which the Company has agreed to indemnify him against
certain claims that may arise in connection with his service as a director of
the Company. The Indemnification Agreement is substantially similar to the form
filed as Exhibit 10.4 to the Company's Current Report on Form 8-K, filed with
the SEC on June 16, 2021, which is incorporated herein by reference.
The Company will reimburse Mr. Dhody for reasonable out-of-pocket expenses
related to identifying, investigating and completing an initial business
combination.
Other than the foregoing, Mr. Dhody is not party to any arrangement or
understanding with any person pursuant to which he was appointed as a director,
nor is he party to any transaction required to be disclosed under Item 404(a) of
Regulation S-K involving the Company.
1© Edgar Online, source Glimpses
JAWS HURRICANE ACQUISITION CORPORATION 
