Document:

Exhibit 10.6

 

UNIT SUBSCRIPTION AGREEMENT

 

This UNIT SUBSCRIPTION AGREEMENT
(this “Agreement”) is made as of the [●] day of 2021, by and between Newcourt Acquisition Corp, a Cayman Islands
company (the “Company”), having its principal place of business at 2201 Broadway, Suite 705, Oakland, CA 94612,
and Newcourt SPAC Sponsor LLC (the “Subscriber”).

 

WHEREAS, the Company desires
to sell on a private placement basis (the “Offering”) an aggregate of 770,000 units (“Units”) of
the Company (or up to 795,500 Units if the underwriters’ over-allotment option is exercised in full), each Unit comprised of one
Class A ordinary share of the Company, par value $0.0001 per share (“Common Shares”), and one-half of one warrant to
purchase one Class A ordinary share (“Warrant”), for a purchase price of $7,700,000 (or up to $7,955,000 if the underwriters’
over-allotment option is exercised in full), or $10.00 per Unit. The Common Shares underlying the Warrants are hereinafter referred to
as the “Warrant Shares.” The Common Shares underlying the Units (excluding the Warrant Shares) are hereinafter referred
to as the “Placement Shares.” The Warrants underlying the Units are hereinafter referred to as the “Placement
Warrants.” The Units, Placement Shares, Placement Warrants and Warrant Shares, collectively, are hereinafter referred to as
the “Securities.” Placement Warrants may be exercised only to the extent that, when aggregated with other Placement
Warrants being exercised, the exercise is for a whole share or whole shares; no fractional shares shall be issuable. The exercise price
for any Warrant Share shall be $11.50. Subject to the foregoing, the Placement Warrants are exercisable during the period commencing on
the later of (i) twelve (12) months from the date of the completion of the Company’s initial public offering of units (the “IPO”)
and (ii) 30 days following the consummation of the Company’s initial business combination (the “Business Combination”),
as such term is defined in the registration statement filed in connection with the IPO, as amended at the time it becomes effective (the
 “Registration Statement”), and expiring on the fifth anniversary of the consummation of the Business Combination; and

 

WHEREAS, the Subscriber wishes
to purchase the Units from the Company and the Company wishes to accept such subscription from the Subscriber.

 

NOW, THEREFORE, in consideration
of the premises and the mutual covenants hereinafter set forth and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the Company and the Subscriber hereby agree as follows:

 

	 	1.	Agreement to Subscribe

 

1.1
Purchase and Issuance of the Units. Upon the terms and subject to the conditions of this Agreement, the Subscriber hereby agrees
to purchase from the Company, and the Company hereby agrees to sell to the Subscriber, on the Closing Date (as defined below), 770,000
Units at a price of $10.00 per Unit for an aggregate purchase price of $7,700,000 (the “Purchase Price”). The
Purchase Price shall be paid by wire transfer of immediately available funds to the Company in accordance with the Company’s wiring
instructions at least one business day prior to the date of effectiveness of the registration statement to be filed in connection with
the IPO. On the Closing Date, the Company, shall either, at its option, deliver a certificate evidencing the Units purchased by the Subscriber
on such date duly registered in the Subscriber’s name to the Subscriber, or effect such delivery in book-entry form. On the date
of the consummation of the closing of the over-allotment option in connection with the IPO, and concurrently with the consummation thereof,
or on such earlier time and date as may be mutually agreed by the Subscriber and the Company (each such date, an “Over-allotment
Closing Date”; together with the Initial Closing Date, the “Closing Dates” and each, a “Closing
Date”), the Company shall issue and sell to the Subscriber, and the Subscriber shall purchase from the Company, up to an aggregate
of 25,500 Units, in the same proportion as the amount of the over-allotment option that is exercised, at a price of $10.00 per Unit for
an aggregate purchase price of up to $255,000 (if the over-allotment option in connection with the IPO is exercised in full) (the “Over-allotment
Purchase Price”), which shall be paid by wire transfer of immediately available funds to the Company in accordance with the
Company’s wiring instructions. On the Over-allotment Closing Date, upon the payment by the Subscriber of the Over-allotment Purchase
Price payable by it by wire transfer of immediately available funds to the Company, the Company shall either, at its option, deliver a
certificate evidencing the Units purchased by the Subscriber on such date duly registered in the Subscriber’s name to the Subscriber,
or effect such delivery in book-entry form.

 

1.2 Termination. This
Agreement and each of the obligations of the undersigned shall be null and void and without effect if the Closing does not occur prior
to December 31, 2021.

 

	 	2.	Representations and Warranties of Subscriber

 

The Subscriber represents
and warrants to the Company that:

 

2.1 No Government Recommendation
or Approval. Subscriber understands that no federal or state agency has passed upon or made any recommendation or endorsement of the
Company or the Offering of the Securities.

 

     

     

    

 

2.2 Accredited Investor.
Subscriber represents that it is an “accredited investor” as such term is defined in Rule 501(a) of Regulation D
under the Securities Act of 1933, as amended (the “Securities Act”), and acknowledges that the sale contemplated hereby
is being made in reliance, among other things, on a private placement exemption to “accredited investors” under the Securities
Act and similar exemptions under state law.

 

2.3 Intent. Subscriber
is purchasing the Securities solely for investment purposes, for such Subscriber’s own account (and/or for the account or benefit
of its members or affiliates, as permitted, pursuant to the terms of an agreement (the “Letter Agreement”) to be entered
into with respect to the Securities between, among others, Subscriber and the Company, as described in the Registration Statement), and
not with a view to the distribution thereof and Subscriber has no present arrangement to sell the Securities to or through any person
or entity except as may be permitted under the Letter Agreement. Subscriber shall not engage in hedging transactions with regard to the
Securities unless in compliance with the Securities Act.

 

2.4 Restrictions on Transfer.
Subscriber acknowledges and understands the Units are being offered in a transaction not involving a public offering in the United States
within the meaning of the Securities Act. The Securities have not been registered under the Securities Act and, if in the future Subscriber
decides to offer, resell, pledge or otherwise transfer the Securities, such Securities may be offered, resold, pledged or otherwise transferred
only (A) pursuant to an effective registration statement filed under the Securities Act, (B) pursuant to an exemption from registration
under Rule 144 promulgated under the Securities Act, if available, or (C) pursuant to any other available exemption from the
registration requirements of the Securities Act, and in each case in accordance with any applicable securities laws of any state or any
other jurisdiction. Notwithstanding the foregoing, Subscriber acknowledges and understands the Securities are subject to transfer restrictions
as described in Section 8 hereof. Subscriber agrees that, if any transfer of its Securities or any interest therein is proposed to
be made, as a condition precedent to any such transfer Subscriber may be required to deliver to the Company an opinion of counsel satisfactory
to the Company with respect to such transfer. Absent registration or another available exemption from registration, Subscriber agrees
it will not transfer the Securities (unless otherwise permitted pursuant to the Letter Agreement, as described in the Registration Statement).
Subscriber further acknowledges that because the Company is a shell company, Rule 144 may not be available to Subscriber for the
resale of the Securities until the one year anniversary following consummation of the Business Combination, despite technical compliance
with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

 

2.5 Sophisticated Investor.

 

(i) Subscriber’s
managers and members are individually accredited investors and are sophisticated in financial matters and able to evaluate the risks and
benefits of the investment in the Securities.

 

(ii) Subscriber is aware
that an investment in the Securities is highly speculative and subject to substantial risks because, among other things, (a) the
Securities are subject to transfer restrictions and have not been registered under the Securities Act and therefore cannot be sold unless
subsequently registered under the Securities Act or an exemption from such registration is available and (b) Subscriber has waived
its redemption rights with respect to the Securities as set forth in Section 5 hereof, and the Securities held by Subscriber are
not entitled to, and have no right, interest or claim to any monies held in the Trust Account, and accordingly Subscriber may suffer a
loss of a portion or all of its investment in the Securities. Subscriber is able to bear the economic risk of its investment in the Securities
for an indefinite period of time.

 

2.6 Independent Investigation.
Subscriber, in making the decision to purchase the Units, has relied upon an independent investigation of the Company and has not relied
upon any information or representations made by any third parties or upon any oral or written representations or assurances from the Company,
its officers, directors or employees or any other representatives or agents of the Company, other than as set forth in this Agreement.
Subscriber is familiar with the business, operations and financial condition of the Company and has had an opportunity to ask questions
of, and receive answers from the Company’s officers and directors concerning the Company and the terms and conditions of the Offering
and has had full access to such other information concerning the Company as Subscriber has requested. Subscriber confirms that all documents
that it has requested have been made available and that Subscriber has been supplied with all of the additional information concerning
this investment which Subscriber has requested.

 

     

     

    

 

2.7 Organization and Authority.
Subscriber is duly organized, validly existing and in good standing under the laws of the State of Delaware and it possesses all requisite
power and authority necessary to carry out the transactions contemplated by this Agreement.

 

2.8 Authority. This
Agreement has been validly authorized, executed and delivered by Subscriber and is a valid and binding agreement enforceable in accordance
with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium,
reorganization, or similar laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable
principles of general application and except as enforcement of rights to indemnity and contribution may be limited by federal and state
securities laws or principles of public policy.

 

2.9 No Conflicts. The
execution, delivery and performance of this Agreement and the consummation by Subscriber of the transactions contemplated hereby do not
violate, conflict with or constitute a default under (i) Subscriber's charter documents, (ii) any agreement or instrument to
which Subscriber is a party or (iii) any law, statute, rule or regulation to which Subscriber is subject, or any agreement,
order, judgment or decree to which Subscriber is subject.

 

2.10 No Legal Advice from
Company. Subscriber acknowledges it has had the opportunity to review this Agreement and the transactions contemplated by this Agreement
and the other agreements entered into between the parties hereto with Subscriber’s own legal counsel and investment and tax advisors.
Except for any statements or representations of the Company made in this Agreement and the other agreements entered into between the parties
hereto, Subscriber is relying solely on such review, counsel and advisors and not on any statements or representations of the Company
or any of its representatives or agents for legal, tax or investment advice with respect to this investment, the transactions contemplated
by this Agreement or the securities laws of any jurisdiction.

 

2.11 Reliance on Representations
and Warranties. Subscriber understands the Units are being offered and sold to Subscriber in reliance on exemptions from the registration
requirements under the Securities Act, and analogous provisions in the laws and regulations of various states, and that the Company is
relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of Subscriber set
forth in this Agreement in order to determine the applicability of such provisions.

 

2.12 No General Solicitation.
Subscriber is not subscribing for the Units as a result of or subsequent to any general solicitation or general advertising, including
but not limited to any advertisement, article, notice or other communication published in any newspaper, magazine, or similar media or
broadcast over television or radio, or presented at any seminar or meeting or in a registration statement with respect to the IPO filed
with the Securities and Exchange Commission (“SEC”).

 

2.13 Legend. Subscriber
acknowledges and agrees the certificates evidencing each of the Securities shall bear a restrictive legend (the “Legend”),
in form and substance substantially as set forth in Section 4 hereof.

 

	 	3.	Representations, Warranties and Covenants of the Company

 

The Company represents and
warrants to, and agrees with, Subscriber that:

 

3.1
Valid Issuance of Capital Stock. The total number of shares of all classes of ordinary and preferred shares which the Company
has authority to issue is 110,000,000 ordinary shares and 1,000,000 preference shares (“Preferred Shares”). As of the
date hereof, the Company has issued and outstanding 6,015,000 Class B ordinary shares (of which up to 765,000 shares are subject to forfeiture)
and no Preferred Shares. All of the issued ordinary shares of the Company have been duly authorized, validly issued, and are fully paid
and non-assessable.

 

3.2 Title to Securities.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and of the Warrant Agreement to be entered into by the Company
and a warrant agent on the Closing Date in connection with the IPO and filed as an exhibit to the S-1 (the "Warrant Agreement"),
as the case may be, each of the Units, Placement Shares, Placement Warrants and the Warrant Shares will be duly and validly issued, fully
paid and non-assessable. On the date of issuance of the Units, the Warrant Shares shall have been reserved for issuance. Upon issuance
in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, as the case may be, the Subscriber will have
or receive good title to the Units, Placement Shares and Placement Warrants, free and clear of all liens, claims and encumbrances of
any kind resulting from actions of, or any failure to act by, the Company, other than (i) transfer restrictions hereunder and pursuant
to the Letter Agreement and (ii) transfer restrictions under federal and state securities laws.

 

     

     

    

 

3.3 Organization and Qualification.
The Company is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and
has the requisite corporate power to own its properties and assets and to carry on its business as now being conducted.

 

3.4 Authorization; Enforcement.
(i) The Company has the requisite corporate power and authority to enter into and perform its obligations under this Agreement and
to issue the Securities in accordance with the terms hereof, (ii) the execution, delivery and performance of this Agreement by the
Company and the consummation by it of the transactions contemplated hereby have been duly authorized by all necessary corporate action,
and no further consent or authorization of the Company or its Board of Directors or shareholders is required, and (iii) this Agreement
constitutes a valid and binding obligation of the Company enforceable against the Company in accordance with its terms, except as such
enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization, or similar laws
relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by equitable principles of general application
and except as enforcement of rights to indemnity and contribution may be limited by federal and state securities laws or principles of
public policy.

 

3.5 No Conflicts. The
execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated hereby do not
(i) result in a violation of the Company’s certificate of incorporation or by-laws, (ii) conflict with, or constitute
a default under any agreement or instrument to which the Company is a party or by which it is bound or (iii) violate any law statute,
rule or regulation to which the Company is subject or any agreement, order, judgment or decree to which the Company is subject. Other
than any SEC or state securities filings which may be required to be made by the Company subsequent to the Closing, and any registration
statement which may be filed pursuant thereto, the Company is not required under federal, state or local law, rule or regulation
to obtain any consent, authorization or order of, or make any filing or registration with, any court or governmental agency or self-regulatory
entity in order for it to perform any of its obligations under this Agreement or issue the Units, Placement Shares, Placement Warrants
or the Warrant Shares in accordance with the terms hereof.

 

	 	4.	Legends 

 

4.1 Legend. The Company
will issue the Units, Placement Shares and Placement Warrants, and, when issued, the Warrant Shares, purchased by Subscriber in the name
of Subscriber. The Securities will bear the following Legend and appropriate “stop transfer” instructions:

 

“THE SECURITIES REPRESENTED
HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES
LAWS AND NEITHER THESE SECURITIES NOR ANY INTEREST THEREIN MAY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF EXCEPT
PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR SUCH LAWS OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES
ACT AND SUCH LAWS WHICH, IN THE OPINION OF COUNSEL FOR THIS CORPORATION, IS AVAILABLE.”

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER PURSUANT TO A LETTER AGREEMENT AMONG NEWCOURT ACQUISITION CORP AND THE OTHER
PARTIES THERETO AND MAY ONLY BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF DURING THE TERM THEREOF PURSUANT TO
THE TERMS SET FORTH IN THE LETTER AGREEMENT.”

 

4.2 Subscriber’s
Compliance. Nothing in this Section 4 shall affect in any way Subscriber’s obligations and agreements to comply with all
applicable securities laws upon resale of the Securities.

 

     

     

    

 

4.3 Company’s Refusal
to Register Transfer of the Securities. The Company shall refuse to register any transfer of the Securities if, in the sole judgment
of the Company, such purported transfer would not be made (i) pursuant to an effective registration statement filed under the Securities
Act, or (ii) pursuant to an available exemption from the registration requirements of the Securities Act and applicable state securities
laws and (iii) in compliance herewith and with the Letter Agreement.

 

4.4 Registration Rights.
The Subscriber will be entitled to certain registration rights which will be governed by a registration rights agreement (“Registration
Rights Agreement”) to be entered into between, among others, Subscriber and the Company, on or prior to the effective date of
the Registration Statement.

 

	 	5.	Waiver of Liquidation Distributions.

 

In connection with the Securities
purchased pursuant to this Agreement, the Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any
distributions with respect to the Securities in connection with (i) the exercise of redemption rights in connection with the Company’s
consummation of the Business Combination, or (ii) upon the Company’s redemption of Common Shares upon the Company’s failure
to consummate the Business Combination within 18 months from the completion of the IPO or the liquidation of the Company prior to the
expiration of such 18 month period. In the event any Subscriber purchases Common Shares in the IPO or in the aftermarket (“Public
Shares”), Subscriber hereby waives any and all right, title, interest or claim of any kind in or to any distributions with respect
to any Public Shares in connection with the exercise of redemption rights in connection with the Company’s consummation of the Business
Combination. For the avoidance of doubt, Subscriber shall be eligible to redeem any Public Shares upon the same terms offered to all other
purchasers of Common Shares in the IPO in the event the Company fails to consummate the Business Combination, or liquidates, within 18
months from the completion of the IPO.

 

	 	6.	Termination of Placement Warrants.

 

6.1 Failure to Consummate
Business Combination. The Placement Warrants shall be terminated upon the dissolution of the Company or in the event that the Company
does not consummate the Business Combination within 18 months from the completion of the IPO.

 

6.2 Termination of Rights
as Holder. If the Placement Warrants are terminated in accordance with Section 6.1, then after such time, Subscriber (or its
successor in interest) shall no longer have any rights as a holder of such Placement Warrants and the Company shall take such action as
is appropriate to cancel such Placement Warrants. The Subscriber hereby irrevocably grants the Company a limited power of attorney for
the purpose of effectuating the foregoing and agrees to take any and all measures reasonably requested by the Company necessary to effect
the foregoing.

 

	 	7.	Rescission Right Waiver and Indemnification.

 

7.1 The Subscriber
understands and acknowledges an exemption from the registration requirements of the Securities Act requires there be no general solicitation
of purchasers of the Units. In this regard, if the IPO were deemed to be a general solicitation with respect to the Units, the offer and
sale of such Units may not be exempt from registration and, if not, the Subscriber may have a right to rescind its purchases of the Units.
In order to facilitate the completion of the Offering and in order to protect the Company, its shareholders and the amounts in the Trust
Account from claims that may adversely affect the Company or the interests of its shareholders, Subscriber hereby agrees to waive, to
the maximum extent permitted by applicable law, any claims, right to sue or rights in law or arbitration, as the case may be, to seek
rescission of its purchase of the Units. The Subscriber acknowledges and agrees this waiver is being made in order to induce the Company
to sell the Units to Subscriber. The Subscriber agrees the foregoing waiver of rescission rights shall apply to any and all known or unknown
actions, causes of action, suits, claims or proceedings (collectively, “Claims”) and related losses, costs, penalties,
fees, liabilities and damages, whether compensatory, consequential or exemplary, and expenses in connection therewith, including reasonable
attorneys’ and expert witness fees and disbursements and all other expenses reasonably incurred in investigating, preparing or defending
against any Claims, whether pending or threatened, in connection with any present or future actual or asserted right to rescind the purchase
of the Units hereunder or relating to the purchase of the Units and the transactions contemplated hereby.

 

     

     

    

 

7.2 The Subscriber
agrees not to seek recourse against the Trust Account for any reason whatsoever in connection with its purchase of the Units or any Claim
that may arise now or in the future.

 

7.3 The Subscriber
acknowledges and agrees that the shareholders of the Company are and shall be third-party beneficiaries of this Section 7.

 

7.4 The Subscriber
agrees that, to the extent any waiver of rights under this Section 7 is ineffective as a matter of law, Subscriber has offered such
waiver for the benefit of the Company as an equitable right that shall survive any statutory disqualification or bar that applies to a
legal right. The Subscriber acknowledges the receipt and sufficiency of consideration received from the Company hereunder in this regard.

 

	 	8.	Terms of the Units and Placement Warrant

 

The Units and their component
parts are substantially identical to the units to be offered in the IPO except that: (i) the Units and their component parts will
be subject to transfer restrictions, except in limited circumstances, until 30 days following the consummation of the Business Combination,
(ii) the Placement Warrants will be non-redeemable so long as they are held by Subscriber (or any of its permitted transferees),
and will be exercisable on a “cashless” basis if held by a Subscriber or its permitted transferees and (iii) the Units
and their component parts are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will
become freely tradable only after they are registered or an exemption from registration is available, and the restrictions described above
in clause (i) have expired.

 

	 	9.	Governing Law; Jurisdiction; Waiver of Jury Trial

 

This Agreement shall be governed
by and construed in accordance with the laws of the State of New York for agreements made and to be wholly performed within such state.
The parties hereto hereby waive any right to a jury trial in connection with any litigation pursuant to this Agreement and the transactions
contemplated hereby.

 

	 	10.	Assignment; Entire Agreement; Amendment	
     

 

10.1 Assignment. Neither
this Agreement nor any rights hereunder may be assigned by any party to any other person other than by a Subscriber to a person agreeing
to be bound by the terms hereof, including the waiver contained in Section 7 hereof.

 

10.2 Entire Agreement.
This Agreement sets forth the entire agreement and understanding between the parties as to the subject matter hereof and merges and supersedes
all prior discussions, agreements and understandings of any and every nature among them.

 

10.3 Amendment. Except
as expressly provided in this Agreement, neither this Agreement nor any term hereof may be amended, waived, discharged or terminated other
than by a written instrument signed by the party against whom enforcement of any such amendment, waiver, discharge or termination is sought.

 

10.4 Binding upon Successors.
This Agreement shall be binding upon and inure to the benefit of the parties hereto and to their respective heirs, legal representatives,
successors and permitted assigns.

 

	 	11.	Notices

 

11.1 Notices. Unless
otherwise provided herein, any notice or other communication to a party hereunder shall be sufficiently given if in writing and personally
delivered or sent by facsimile or other electronic transmission with copy sent in another manner herein provided or sent by courier (which
for all purposes of this Agreement shall include Federal Express or other recognized overnight courier) or mailed to said party by certified
mail, return receipt requested, at its address provided for herein or such other address as either may designate for itself in such notice
to the other. Communications shall be deemed to have been received when delivered personally, on the scheduled arrival date when sent
by next day or 2nd-day courier service, or if sent by facsimile upon receipt of confirmation of transmittal or, if sent by mail, then
three days after deposit in the mail. If given by electronic transmission, such notice shall be deemed to be delivered (a) if by
electronic mail, when directed to an electronic mail address at which the shareholder has consented to receive notice; (b) if by
a posting on an electronic network together with separate notice to the stockholder of such specific posting, upon the later of (1) such
posting and (2) the giving of such separate notice; and (c) if by any other form of electronic transmission, when directed to
the shareholder.

 

     

     

    

 

	 	12.	Counterparts

 

This Agreement may be executed
in two or more counterparts, all of which when taken together shall be considered one and the same agreement and shall become effective
when counterparts have been signed by each party and delivered to the other party, it being understood that both parties need not sign
the same counterpart. In the event that any signature is delivered by facsimile transmission or by e-mail delivery of a “pdf”
format data file, such signature shall create a valid and binding obligation of the party executing (or on whose behalf such signature
is executed) with the same force and effect as if such facsimile or “.pdf” signature page were an original thereof.

 

	 	13.	Survival; Severability

 

13.1 Survival. The
representations, warranties, covenants and agreements of the parties hereto shall survive the Closing.

 

13.2 Severability.
In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable
or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective
if it materially changes the economic benefit of this Agreement to any party.

 

	 	14.	Headings.

 

The titles and subtitles used
in this Agreement are used for convenience only and are not to be considered in construing or interpreting this Agreement.

 

[remainder of page intentionally left blank]

 

     

     

    

 

Accepted and agreed on the date set forth above.

 

	 	NEWCOURT ACQUISITION CORP 
	 	 	 
	 	By:	 
	 	 	Name: Marc Balkin
	 	 	Title: Chief Executive Officer

 

Accepted and agreed on the date set forth above.

 

	 	
    SUBSCRIBER:

    NEWCOURT SPAC SPONSOR LLC

	 	 	 
	 	By:	 
	 	 	Name: 
	 	 	Title:Exhibit 10.8

 

3 Columbus Circle, 24th Floor 

New
York, New York 10019

 

CONFIDENTIAL

 

[ ], 2021

 

Marc Balkin

Chief Executive Officer

Newcourt Acquisition Corp

  

		Re:	Engagement of Services

 

Dear Mr. Balkin:

 

This will
confirm the basis upon which Newcourt Acquisition Corp (“Client”) has engaged Cohen &
Company Capital Markets, a division of J.V.B. Financial Group, LLC (“CCM”) to provide consulting and advisory
services (the “Engagement”) in connection with Client’s special purpose acquisition company (“SPAC”)
initial public offering (“IPO”) of its securities (the “Transaction”). Such services
include:

 

		·	Evaluating the feasibility of Client pursuing a potential SPAC IPO transaction, including evaluation of current SPAC market conditions,
advising on Client’s Sponsor promote structure and terms, and counseling Client as to strategy and tactics for a potential Transaction;
		·	Strategic advice and guidance with respect to fee and economics recommendations;
		·	Advice with respect to broad categories of prospective investors that may be interested in the Transaction (although CCM will not
identify specific prospective investors and will not have direct or indirect contact with, or otherwise be involved in soliciting, prospective
investors as part of the Transaction);
		·	Marketing message development, including, advice and support on positioning as well as “testing the waters” activities;
		·	Review of Transaction-related material prepared by Client and/or the underwriters;
		·	Book-building analysis;
		·	Deal size analysis; and
		·	Review of share allocations.

 

In addition, following the successful completion of the SPAC’s
IPO and as part of this Engagement, CCM will provide its consulting and advisory services in support of the SPAC’s initial business
combination. Such services include evaluation of potential targets and related due diligence support, strategic advice and guidance on
transaction structuring, review of informational and investor materials and consultations on marketing materials and investor relations
activities.

 

     

     

    

 

CCM hereby commits to purchase an aggregate of 30,000 private placement
units in the SPAC (subject to increase depending on the extent to which the overallotment option is exercised) pursuant to the form of
Placement Unit Subscription Agreement between the SPAC and CCM, substantially in the form attached to the Registration Statement on Form S-1
filed by the SPAC to effectuate the IPO.

 

The parties acknowledge that CCM is being retained solely to provide
the services set forth herein, and that CCM is not being retained to act as an underwriter or member of any selling syndicate in connection
with the Transaction. Client agrees that CCM shall serve as an “independent financial adviser” as defined in FINRA Rule 5110(j)(9) (a) provide
the services set forth herein independently of the underwriter(s); (b) have no liability to Client, its affiliates or its securities
holders for any actions or omissions of the underwriter(s); and (c) have no responsibility or liability to the underwriter(s) in
connection with the services set forth herein. Further, CCM is providing the services set forth herein solely in an advisory capacity,
and Client retains full discretion as to whether or not to follow such advice. For the avoidance of doubt, the CCM will not participate
in the Transaction as defined in FINRA Rule 5110(j)(16), the execution of the Transaction (including, but not limited to, structuring
of the IPO, solicitation of prospective investors, and negotiation of the terms of the IPO) will be the responsibility of the underwriter(s).
CCM will not advise on the proposed price range for the offered securities or the key SPAC terms or structure for which securities are
offered in the Transaction.

 

1.            Fee.
Client shall pay CCM a transaction fee in an amount equal to 0.30% of the aggregate proceeds of the IPO (including overallotment option
if exercised), after deducting the reasonable out-of-pocket expenses incurred by the underwriters (the “Advisor IPO Fee”),
in connection with Transaction. CCM agrees to defer the portion of the Advisor IPO Fee resulting from the exercise of the overallotment
option until the consummation of the SPAC’s initial business combination. The portion of the Advisor IPO Fee resulting from the
base deal shall be payable at the closing of the IPO. In addition, Client shall pay CCM a transaction fee in an amount equal to .75% of
the aggregate proceeds of the IPO (including overallotment option if exercised), after deducting the reasonable out-of-pocket expenses
incurred by the underwriters (the “Advisor IBC Fee” and together with the Advisor IPO Fee, the “Advisor
Fees”), in connection with CCM’s consulting and advisory services in support of the SPAC’s initial business
combination. The Advisor IBC Fee will be payable at the closing of the SPAC’s initial business combination. If the IPO does not
occur during the Term, then no Advisor Fees shall be payable to CCM. CCM shall provide a written invoice to Client at least two business
days prior to the required payment of any portion of the Advisor Fees.

 

The fees described in this paragraph 1 are compensation for the Engagement,
which consists of work directly related to the Engagement. Any work outside of the scope of the Engagement shall be subject to additional
compensation as separately agreed by the parties hereto.

 

2.            Term
of Engagement. This letter agreement shall remain in force for a period of twenty-four (24) months from the date hereof (the “Term”). 
The Term may be extended upon written mutual agreement of the parties hereto.  The Term may be terminated by either CCM or Client
at any time prior to its expiration with thirty (30) days’ advance written notice to the other.  Expiration or termination
of this letter agreement shall not affect CCM’s right to indemnification or contribution or payment of the Advisor Fee in accordance
with the terms of this letter agreement if the closing of the IPO occurs within twelve (12) months following the expiration of the Term
or the earlier termination of this letter agreement. Without limiting the foregoing, notwithstanding the expiration or termination of
this letter agreement, the provisions of this letter agreement shall survive and remain operative in accordance with their respective
terms.

 

     

     

    

 

3.            Scope
of Liability. Neither CCM nor any of its control persons, members, managers, officers, employees, or agents shall be liable to Client
or to any other person claiming through Client for any error of judgment or for any claim, loss or expense suffered by Client or any such
other person in connection with the matters to which the Engagement relates except to the extent a claim, loss or expense arises out of
or is based upon any action or failure to act by CCM or any of its control persons, members, managers, officers, employees, or agents
that is found in a final judicial determination (or a settlement tantamount thereto) to constitute bad faith, willful misconduct or gross
negligence on the part of CCM or any such other person.

 

4.            Indemnity
and Contribution. Subject to Section 8 below and recognizing that transactions of the type contemplated by the Engagement sometimes
result in litigation and that CCM’s role is limited to acting in the capacities described herein, Client agrees to indemnify CCM
and its control persons, members, managers, officers, employees, and agents (each, including CCM, an “Indemnified Person”)
to the full extent lawful against any and all claims, losses and expenses as incurred (including all reasonable fees and disbursements
of each such Indemnified Person’s counsel and all reasonable travel and other out-of-pocket expenses incurred by each such Indemnified
Person in connection with investigation of and preparation for any such pending or threatened claims and any litigation or other proceedings
arising therefrom) arising out of any actual or proposed Transaction or the Engagement; provided; however, there shall be
excluded from such indemnification any such claim, loss or expense to the extent that such claim, loss or expense arises out of, or is
related to, any action or failure to act by any Indemnified Person that is found in a final judicial determination (or a settlement tantamount
thereto) to constitute bad faith, willful misconduct or gross negligence on the part of any Indemnified Person.

 

CCM shall notify Client in writing if any action, suit or investigation
(an “Action”) is commenced against CCM within five (5) days after CCM or any other Indemnified Person shall
have been served with a summons or other first legal process, but failure so to notify Client shall not relieve Client from any liability
that it may have hereunder, except to the extent that such failure so to notify Client materially prejudices Client’s rights. Client
may assume, at its own expense, the defense of any Action exercisable upon written notice to CCM and any such Indemnified Person(s), if
applicable, within 15 days of notice by CCM or such Indemnified Person provided pursuant to the preceding sentence, and such defense shall
be conducted by counsel chosen by Client and reasonably satisfactory to CCM and such Indemnified Person(s), if applicable. The Indemnified
Person shall have the right to participate in the defense of any Action with counsel selected by it subject to the Client’s right
to control the defense thereof. The fees and disbursements of such counsel shall be at the expense of the Indemnified Person, provided,
that if in the reasonable opinion of counsel to the Indemnified Person, there exists a conflict of interest between the Client and
the Indemnified Person that cannot be waived, the Client shall be liable for the reasonable fees and expenses of counsel to the Indemnified
Person in each jurisdiction for which the Indemnified Person determines counsel is required. If the Client elects not to compromise or
defend such Action, fails to promptly notify the Indemnified Person in writing of its election to defend as provided in this letter agreement,
or fails to diligently prosecute the defense of such Action (and such failure to diligently prosecute is judicially determined), the Indemnified
Person may, subject to the next paragraph, pay, compromise, defend such Action and seek indemnification for any and all damages, expenses,
liabilities and losses based upon, arising from or relating to such Action. The parties hereto shall cooperate with each other in all
reasonable respects in connection with the defense of any Action.

 

     

     

    

 

Notwithstanding any other provision of this letter agreement, the Client
shall not enter into settlement of any Action without the prior written consent of the Indemnified Person, which consent will not be unreasonably
withheld or delayed, except as provided in this paragraph. If a firm offer is made to settle an Action without permitting or leading to
further claims, losses, liability or expense or the creation of a financial or other obligation on the part of the Indemnified Person
and provides, in customary form, for the unconditional release of each Indemnified Person from all liabilities and obligations in connection
with such Action, and the Client desires to accept and agree to such offer, the Client shall give written notice to that effect to the
Indemnified Person. If the Indemnified Person fails to consent to such firm offer within ten (10) days after its receipt of such
notice, the Indemnified Person may continue to contest or defend such Action and in such event, the maximum liability of the Client as
to such Action shall not exceed the amount of such settlement offer plus the Indemnified Person’s costs and expenses (including
reasonable fees and disbursements of counsel and other out-of-pocket expenses) through the end of such ten (10) day period. If the
Indemnified Person fails to consent to such firm offer and also fails to assume defense of such Action, the Client may settle the Action
upon the terms set forth in such firm offer to settle such Action. If the Indemnified Person has assumed the defense pursuant to the previous
paragraph, it shall not agree to any settlement without the written consent of the Client (which consent shall not be unreasonably withheld
or delayed).

 

In the event that the foregoing indemnity is unavailable or insufficient
to hold such Indemnified Person(s) harmless, then subject to Section 8 below, Client shall contribute to amounts paid or payable
by such Indemnified Person(s) in respect of such claims, losses and expenses in such proportion as appropriately reflects the relative
benefits received by, and fault of, Client and such Indemnified Person(s) in connection with the matters as to which such claims,
losses and expenses relate and other equitable considerations.

 

5.            Information
Provided to CCM. In performing the services described above, Client agrees to furnish or cause to be furnished to CCM such information
as CCM reasonably believes appropriate to permit CCM to provide the services contemplated by this letter agreement to or for Client (all
such information so furnished being the “Information”). Client represents and covenants that all Information
furnished by Client or its agents will be complete and correct in all material respects, to the best of Client’s knowledge, and
that Client will advise CCM immediately of the occurrence of any event or any other change known by Client or its agents which results
in the Information ceasing to be complete and correct in all material respects. Client also represents and warrants that any projections
or forecasts that it provides to CCM will be prepared in good faith and will be based upon assumptions which the management of Client
believes in light of the circumstances in which they are made, are reasonable. Client recognizes and confirms that CCM (a) will use
and rely primarily on the Information and on information available from generally recognized public sources in performing the services
contemplated hereby without having independently verified any of the same, (b) does not assume responsibility for the accuracy or
completeness of the Information and such other information, and (c) will not make any appraisal of any of the assets or liabilities
of Client.

 

     

     

    

 

6.            Confidentiality.
In the event of the consummation and public disclosure of any Transaction, CCM shall have the right to disclose its advisory role
in the Transaction by listing the client name and logo on its website and in its marketing materials.

 

No analysis, information or advice, whether communicated in written,
electronic, oral or other form, provided by CCM or its affiliates to Client or to its Client Representatives (as such term is defined
below) in connection with the Engagement (the “CCM Information”) shall be disclosed by Client or such Client
Representatives, in whole or in part, to any third party, or circulated or referred to publicly, or used for any purpose other than in
connection with the Engagement and the Transaction without the prior written consent of CCM. Neither party may disclose to any third party
the existence or terms of this letter agreement without the prior written consent of the other party. Notwithstanding anything herein
to the contrary, the fact of CCM’s Engagement may be disclosed by Client to its affiliates and its directors, officers, accountants,
legal advisors and employees (the “Client Representatives”) and to its underwriters to the extent required for
the exclusive purpose of the Engagement or as required by law, rule or regulation. Client may disclose CCM Information to its Client
Representatives solely for purposes directly related to the Engagement and the Transaction and shall cause each of its Client Representatives
to whom the CCM Information is disclosed to commit to keeping such CCM Information confidential as provided by this Section 6. Client
shall be responsible for any direct damages to CCM to the extent caused by breaches of this Section 6 by any of its Client Representatives.

 

CCM agrees to keep confidential all nonpublic information provided
to it by Client, including without limitation trade information, business practices, trade secrets, and other proprietary information
(the “Client Information”). Notwithstanding any provision herein to the contrary, CCM may disclose Client Information
to its affiliates, members, officers, accountants, agents, legal advisors and employees (the “CCM Representatives”)
to the extent required for the exclusive purpose of the Engagement. CCM shall cause each of its CCM Representatives to whom the Client
Information is disclosed to commit to keeping such Client Information confidential as provided by this Section 6. CCM shall be responsible
for any direct damages to Client to the extent caused by breaches of this Section 6 by any of its CCM Representatives.

 

Client Information
and CCM Information shall be considered public and not protected by this letter agreement if (a) it is or becomes generally available
to the public other than as a result of a disclosure by the receiving party or a representative of the receiving party in breach of the
terms of this Section 6, (b) it becomes available to the receiving party on a non-confidential basis from a source not known
by the receiving party to be under a duty of confidentiality to the disclosing party, or (c) if it is already known to the
receiving party at the time of disclosure.

 

Nothing in
this letter agreement shall obligate either party to refrain from disclosure of CCM Information or Client Information (as the case may
be, “Confidential Information”) hereunder to the extent such disclosure is required by law, regulation
or judicial process or at the request of a regulatory authority. In the event that any Confidential Information is required to be disclosed
by law, including without limitation, pursuant to the terms of a subpoena or similar document or in connection with litigation or other
legal proceedings, the receiving party of such information hereby agrees, to the extent permitted by applicable law or regulation, to
notify the disclosing party promptly of the existence, terms and circumstances surrounding such request. To the extent permitted by applicable
law or regulation, the receiving party shall allow the disclosing party, in its sole discretion and at its sole expense, to contest the
disclosure of Confidential Information on the disclosing party’s behalf, and the receiving party will reasonably cooperate with
the disclosing party in such efforts to contest such disclosure at disclosing party’s expense.

 

     

     

    

 

Each party hereto acknowledges and agrees that irreparable damage would
occur to the other in the event any of the provisions of this Section 6 were not performed in accordance with their specific terms
or were otherwise breached and monetary damages would not be a sufficient remedy for any such non-performance or breach. Accordingly,
each party shall be entitled to specific performance of the terms of this Section 6, including, without limitation, an injunction
or injunctions to prevent breaches of the provisions of this Section 6 and to enforce specifically the terms and provisions hereof
in any court of competent jurisdiction in the State of New York and of the United States of America located in the Borough of Manhattan,
New York City (and appellate courts therefrom) in addition to any other remedy to which such party may be entitled at law or in equity.

 

The parties hereto agree that the provisions of this Section 6
will survive the expiration or termination of this letter agreement for two (2) years after such expiration or termination.

 

7.            Governing
Law. This letter agreement shall be governed and construed in accordance with the laws of the State of New York, without regard to
conflicts-of-law principles that would result in the application of the laws of another jurisdiction. Each party hereby irrevocably and
unconditionally (a) consents to submit to the exclusive jurisdiction of the courts of the State of New York and of the United States
of America located in the Borough of Manhattan, New York City (and appellate courts therefrom) for any action, suit or proceeding arising
out of or relating to this this agreement (and each party hereby irrevocably and unconditionally agrees not to commence any such action,
suit, or proceeding except in such courts), (b) waives any objection to the laying of venue of any such action, suit or proceeding
in any such courts, and (c) waives and agrees not to plead or claim that any such action, suit or proceeding brought in any such
court has been brought in an inconvenient forum. EACH PARTY HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL
PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT. To the extent permitted by applicable law, Client hereby waives rights of setoff,
and the right to interpose counterclaims in any lawsuit with respect to, in connection with or arising out of this Engagement, or any
other claim or dispute relating to the engagement of CCM arising between the parties hereto. The provisions of this letter agreement shall
be binding solely upon and inure to the benefit of the Parties hereto and their respective successors and assigns.

 

8.            Trust
Account Waiver. CCM acknowledges it has read the Draft Registration Statement prospectus of the Client and understands that the Client
will establish the trust account referred to in the prospectus for the benefit of the public shareholders of the Client (“Trust
Account”) and that, except for a portion of the interest earned on the amounts held in the Trust Account, the Client may
disburse monies from the trust account only (a) to the public shareholders in the event they elect to redeem the Client’s Class A
ordinary shares in connection with the consummation of a business combination, (b) to the public shareholders if the Client fails
to consummate a business combination within the time period set forth in the Client’s organizational documents, as disclosed in
the prospectus, or (c) to the Client after or concurrently with the consummation of a business combination. CCM hereby agrees that,
notwithstanding anything to the contrary in this agreement, CCM does not now, nor shall at any time hereafter, have any right, title,
interest or claim of any kind in or to any monies in the Trust Account, or make any claim against the Trust Account, in connection with
or relating to this agreement, the Engagement or the Transaction, regardless of whether such claim arises based on contract, tort, equity
or any other theory of legal liability (collectively, the “Released Claims”); provided, however,
that the foregoing waiver will not limit or prohibit CCM from pursuing (i) a claim against Client, the public shareholders or any
other person for legal relief against monies or other assets of Client held outside of the Trust Account (including any funds that have
been released from the Trust Account and any asset that have been purchased or acquired with any such funds) or for specific performance
or other equitable relief in connection with a claim for Client to specifically perform its obligations under this agreement or for fraud
or (ii) a claim CCM may have with respect to its ownership of the SPACs public securities (the “Retained Claims”).
CCM hereby irrevocably waives any Released Claims that CCM may have against the Trust Account now or in the future as a result of, or
arising out of this agreement, the Engagement or the Transaction and will not seek recourse against the Trust Account for any Released
Claims; provided, however, that CCM does not waive any Retained Claims.

 

     

     

    

 

9.            Miscellaneous.

 

(a)            Client
acknowledges and agrees that the services to be provided pursuant to the Engagement will not include any accounting, tax or legal advice.

 

(b)            All
notices or other communications to be given hereunder shall be in writing and shall be sent by delivery in person, by courier service,
by electronic mail transmission (including, for the avoidance of doubt, by electronic mail transmission containing an electronic link
to a communication or notification that is electronically accessible) or telecopy or by registered or certified mail (postage prepaid,
return receipt requested) addressed as follows or such other address as may be substituted by notice as herein provided:

 

If to Client:

 

Newcourt Acquisition Corp 

2201 Broadway 

Suite 705 

Oakland, CA 94612

 

If to CCM:

 

Cohen & Company
Capital Markets 

3 Columbus Circle, 24th Floor 

New York, NY 10019 

Attention: General Counsel 

Electronic Mail: gc@cohenandcompany.com

 

Any notice given hereunder
shall be deemed to have been given upon the earliest of: (i) receipt, (ii) three (3) days after being deposited in the
U.S. mail, postage prepaid, registered or certified mail, return receipt requested and (iii) one (1) day after being sent by
Federal Express or other recognized overnight delivery service, return receipt requested. In the case of notices to and from the U.S.
to any other country, such notices shall be deemed to have been given upon the earlier of (A) receipt and (B) two (2) days
after being sent by Federal Express or other recognized courier service, return receipt requested. In the case of notices sent by electronic
mail transmission or telecopy, such notices shall be deemed to have been given when sent.

 

     

     

    

 

(c)            The
parties understand that CCM is being engaged hereunder as an independent contractor to provide the services described above solely to
Client, and that CCM is not acting as a fiduciary of Client, the security holders or creditors of Client or any other persons in connection
with the Engagement.

 

(d)            Client
understands and acknowledges that CCM and its affiliate Cohen & Company Inc. (collectively, the “CCM Group”),
engage in providing a wide variety of financial consulting services and other investment banking products and services to a wide range
of institutions and individuals. In the ordinary course of business, the CCM Group and certain of its employees, as well as investment
funds in which they may have financial interests, may acquire, hold or sell, long or short positions, or trade or otherwise effect transactions,
in debt, equity, and other securities and financial instruments (including bank loans and other obligations) of, or investments in, a
party that may be involved in the matters contemplated by this letter agreement. With respect to any such securities, financial instruments
and/or investments, all rights in respect of such securities, financial instruments and investments, including any voting rights, will
be exercised by the holder of the rights, in its sole discretion. In addition, the CCM Group may currently, and may in the future, have
relationships with parties other than Client, including parties that may have interests with respect to Client, the Transaction or other
parties involved in the Transaction, from which conflicting interests or duties may arise. Although the CCM Group in the course of such
other activities and relationships may acquire information about Client, the Transaction or such other parties, the CCM Group shall have
no obligation to, and may not be contractually permitted to, disclose such information, or the fact that the CCM Group is in possession
of such information, to Client or to use such information on the Client’s behalf.

 

(e)            If
any term or provision of this letter agreement or the application thereof to any person or circumstances shall be held invalid or unenforceable,
the remaining terms and provisions hereof and the application of such term or provision to any person or circumstances other than those
to which it is held invalid or unenforceable shall not be affected thereby.

 

(f)            It
is understood and agreed among the parties that this letter agreement and the covenants made herein are made expressly and solely for
the benefit of the parties hereto, and that no other person, other than an Indemnified Person, shall be entitled or be deemed to be entitled
to any benefits or rights hereunder, nor be authorized or entitled to enforce any rights, claims or remedies hereunder or by reason hereof.

 

(g)            This
letter agreement incorporates the entire agreement, and supersedes all prior agreements, arrangements or understandings (whether oral
or written), between the parties with respect to the subject matter hereof, and may not be amended or modified except in writing signed
by each party hereto.

 

(h)            This
letter agreement may be executed in one or more counterparts, each of which will be deemed to be an original and all of which together
will be deemed to be one and the same document.

 

---SIGNATURE PAGE FOLLOWS---

 

     

     

    

 

If you are in agreement with the foregoing, please sign and return
the attached copy of this letter agreement, whereupon this letter agreement shall become effective as of the date hereof.

 

	 	Very truly yours,
	 	 
	 	Cohen & Company Capital Markets
	 	By: J.V.B. Financial Group, LLC

 

	 	By:	 

	 	 	Name:	Lester Brafman
	 	 	Title:	CEO

 

Acknowledged and Agreed:

 

Newcourt Acquisition Corp

 

	By:	 	 

	 	Name:	Marc Balkin	 
	 	Title:	CEO	 

 

	Date:

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