On, January 19, 2024, Porch Group, Inc., together with its subsidiary, Porch.com, Inc., entered into a Business Collaboration Agreement (the ? Agreement ?) with Aon Corp. and Aon Re, Inc. Contemporaneously with the Agreement, the parties entered into a mutual release of claims related to matters associated with Vesttoo Ltd. and its affiliates (collectively, ?

Vestoo ?) and related fraud. Porch retains the ability to pursue non-Aon parties for claims related to Vesttoo and the related fraud, including Vesttoo itself, its officers and directors and others. Under the Agreement, Aon will pay Porch $24.65 million in cash in January 2024, plus an additional cash payment in 2025, and will share with Porch?s insurance carrier affiliates a percentage of the brokerage revenue received by Aon Re for the placement of reinsurance contracts on their behalf that incept or renew each calendar year from 2025 through 2028.

Unless the Agreement is earlier terminated in accordance with its terms, it will remain in effect until December 31, 2028. The Agreement may be terminated by Porch upon material breach of Aon. If Porch breaches the Agreement, including by directly or indirectly placing reinsurance with brokers unaffiliated with Aon, Porch may be required to refund certain of the amounts paid by Aon to Porch (or to its affiliates) under the Agreement, subject to customary cure rights.