Mediaboss Marketing

As a group of shareholders of Uber Technologies, Inc. (the "Company") we were surprised and distressed to learn through the media of the lawsuit brought by your firm against the Company, and its founder and former Chief Executive Officer Travis Kalanick.

Naturally, we share your concerns about the problems that the Company has

confronted in recent months, but we are greatly concerned about the tactics employed by

Benchmark to address them, which strike us as ethically dubious and, critically, value-destructive

rather than value enhancing.

Specifically, we do not feel it was either prudent or necessary from the standpoint

of shareholder value, to hold the company hostage to a public relations disaster by demanding

weeks of a personal tragedy, under threat of public scandal. Even less so your escalation of this

fratricidal course notwithstanding Mr. Kalanick's resignation through your recent lawsuit,

which we fear will cost the company public goodwill, interfere with fundraising and impede the

critical search for a new, world-class Chief Executive Officer. Benchmark has used false

allegations from lawsuits like Waymo as a matter of fact and this and many actions has crossed

the fiduciary line.

the founder, the company and the employees who worked so hard to create such unprecedented

value. We ask you to please consider the lives of these employees and allow them to continue to

grow this company in peace and make it thrive. These actions do the opposite.

full potential by allowing the necessary work to be done in the Board Room rather than the

Courtroom. To this end, at this point, in light of your suit against the Company, we believe it

would be best, and hereby request, that Benchmark remove its representative from the

Company's Board and move promptly to divest itself of enough shares in the Company so as to

cease to have Board appointment rights. We have investors ready to acquire these shares as soon

as we receive communication from Benchmark that they are willing to withdraw their lawsuit

and sell a minimum of 75% of their holdings.

today's Board meeting to show how the Board of Directors stands on this lawsuit brought against

the company, its founder and the 15,000 employees of Uber who have all worked so hard in

concert to create the fastest growing company in history.

Shervin Pishevar Personal Investor, Advisor and Former Uber Board Observer (2011-2015) Coordinator, Uber Shareholder Alliance

Ron Burkle Chairman Yucaipa Companies

Adam LeberPartner, Maverick

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