[LETTER OF INTENT][TERM SHEET]

[SUBJECT MATTER SHORT DESCRIPTION I.E. SERVICES AGREEMENT, INVESTMENT, ETC]

[DATE]

[PARTY 1/SURF AIR]

This [Letter of Intent][Term Sheet] between [Party 1] (“Party 1 defined”) and Surf Air Inc. (“Surf Air”)
is intended as a summary of key terms for an engagement between the parties that will be governed by a
[Services Agreement or other agreement name] (the “Agreement”) to be negotiated by the parties. This
document is intended to be a non-binding summary of some of the principal terms for the Agreement. It is
expressly understood that (i) this document is not legally binding, and (ii) neither party has any rights or
obligations of any kind whatsoever by virtue of this document or any other written or oral expression by
each party’s respective representatives unless and until the Agreement is approved through all necessary
corporate approvals and executed and delivered by each of the parties; provided that, each party’s
obligations contained in the paragraph relating to “Confidentiality” will be binding upon each party.

Commencement of Services [Date]

Description/Scope of Services A description of the Services to be provided is as follows:

Fees/Consideration for Services [Describe fees and compensation]

Other Commercial Terms and [Describe other key terms]

Conditions

Confidentiality [The parties each agree that all of the information disclosed in
connection with the Services and in the course of discussions is
privileged, sensitive and confidential, and the parties will not
disclose any information related to this document, including the
the terms of this document to any person, company, or entity,
other than to disclose confidentially to its respective officers,
employees, directors, or professional advisors on a strictly
need-to-know basis, or if in connection with valid legal process,
without the written consent of the other party.] OR [Indicate
NDA or Confidentiality Agreement and date if a separate
agreement exists]

IN WITNESS WHEREOF, each of [Party 1] and Surf Air has caused this Letter of Intent to be
signed and delivered by its duly authorized representative as of the date set forth above.

[Party 1] SURF AIR INC.

By: By:
Name: Name:
Title: Title: