Item 8.01 Other Events.
Phunware, Inc. (the "Company") desires to file this Current Report on Form 8-K
with respect to its litigation with Uber Technologies, Inc. ("Uber").
As previously disclosed, on October 9, 2020, the Company entered into a
settlement agreement with Uber and certain other parties related to the
Company's complaint against Uber, Uber's cross-complaint against the Company and
Uber's amended cross-complaint against the Company and certain individual
defendants. As provided in the settlement agreement, both parties agreed to
fully and finally settle, compromise, and resolve all disputes, differences and
disagreements that have existed, now exist, or may exist between them that fall
within the subject matter lawsuit. Furthermore, each party denies engaging in
any wrongdoing whatsoever and specifically denies each and every allegation of
wrongdoing alleged in the lawsuit. The settlement agreement provided that the
Company and its insurance carriers pay a total sum of $6,000,000 to Uber, of
which the Company's insurance carrier paid $1,500,000 to settle Uber's claims
against the individual defendants while the Company paid a total of $4,500,000,
with the final installment paid by the Company to Uber in September 2021 (the
"Final Installment Payment").
As a result of the Company remitting the Final Installment Payment to Uber, on
October 13, 2021, Uber's complaint against the Company was dismissed with
prejudice.

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