Life360 Inc

As previously disclosed, on January 26, 2022, the Company entered into a data services and license agreement with Placer, a provider of anonymized aggregated analytics for the retail ecosystem. On July 1, 2024 (the “Effective Date”), in the ordinary course of business of the Company, the parties entered into an Amended and Restated Data Services and License Agreement (the “A&R Placer Agreement”). Pursuant to the terms of the A&R Placer Agreement, Placer will continue to provide data processing and analytics services to the Company and continue to have limited exclusive rights to commercialize certain aggregated and de-identified data related to use of the Life360 mobile app. The A&R Placer Agreement has a five-year term beginning on the Effective Date and provides for payment of fixed monthly fee and additional variable fees based on daily active users and on Placer’s growth. The A&R Placer Agreement contains representations, warranties, limited indemnification obligations, and other clauses and provisions usual and customary for agreements of this type. In addition, the agreement calls for liquidated damages in the event of certain specified breaches and for early termination. The Company has determined that the A&R Placer Agreement is not material.