Document:

Exhibit 10.6

     

    

    Sculptor Acquisition Corp I

    9 West 57th Street, 39th Floor

    New York, NY 10019

    United States

     

    

    
      	Sculptor Acquisition Corp I  

              	March 15, 2021

    

     

    9 West 57th Street, 39th Floor

    New York, NY 10019

    United States

    

       

    
      	
              RE:

            	
              Securities Subscription Agreement

            

    

     

    Ladies and Gentlemen:

     

    This agreement (this “Agreement”) is entered into on March 15, 2021 by and between Sculptor Acquisition Sponsor I, a Cayman Islands limited liability company (the
      “Subscriber” or “you”), and Sculptor Acquisition Corp I, a Cayman Islands exempted company (the “Company”). Pursuant to the terms hereof, the Company hereby accepts the offer the Subscriber has made to subscribe for and purchase 7,187,500 Class B ordinary shares, $0.0001 par value per share (the “Shares”),
      up to 937,500 of which are subject to surrender by you if the underwriters of the initial public offering (“IPO”) of units (“Units”) of the Company do not fully exercise
      their over-allotment option (the “Over-allotment Option”). The Company and the Subscriber’s agreements regarding such Shares are as follows:

     

    1.    Subscription and Purchase of Securities.

     

    1.1.         Subscription and Purchase of Shares. For the sum of $25,000 (the “Purchase Price”), which the Company acknowledges receiving in the form of an
      kind capital contribution, the Company hereby sells and issues the Shares to the Subscriber, and the Subscriber hereby subscribes for and purchases the Shares from the Company, 937,500 of which are subject to surrender, on the terms and subject to
      the conditions set forth in this Agreement. All references in this Agreement to shares of the Company being forfeited shall take effect as surrenders for no consideration of such shares as a matter of Cayman Islands law.

     

    1.2.         Surrender of Class B Ordinary Share. Upon the issue of the Shares, the Subscriber hereby surrenders to the Company for no consideration the one Class B ordinary share held by the
      Subscriber following the incorporation of the Company.

     

    2.    Representations, Warranties and Agreements.

     

    2.1.         Subscriber’s Representations, Warranties and Agreements. To induce the Company to issue the Shares to the Subscriber, the Subscriber hereby represents and warrants to the
      Company and agrees with the Company as follows:

     

    2.1.1.         No Government Recommendation or Approval. The Subscriber understands that no federal or state agency has passed upon or made any recommendation or endorsement of the offering of
      the Shares.

     

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

     

    2.1.3.         Formation, Registration and Authority. The Subscriber is a Cayman Islands limited liability company, validly existing and in good standing under the laws of the Cayman Islands and
      possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement. Upon execution and delivery by you, this Agreement will be a legal, valid and binding agreement of the Subscriber, enforceable against
      the Subscriber in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, fraudulent conveyance or similar laws affecting the enforcement of creditors’ rights generally and subject to general
      principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity).

     

    2.1.4.         Experience, Financial Capability and Suitability. The Subscriber is: (i) sophisticated in financial matters and is able to evaluate the risks and benefits of the investment in the
      Shares and (ii) able to bear the economic risk of its investment in the Shares for an indefinite period of time because the Shares have not been registered under the Securities Act of 1933, as amended (the “Securities
        Act”) and therefore cannot be sold unless subsequently registered under the Securities Act or an exemption from such registration is available. The Subscriber is capable of evaluating the merits and risks of its investment in the Company and
      has the capacity to protect its own interests. The Subscriber must bear the economic risk of this investment until the Shares are sold pursuant to: (i) an effective registration statement under the Securities Act or (ii) an exemption from
      registration available with respect to such sale. The Subscriber is able to bear the economic risks of an investment in the Shares and to afford a complete loss of the Subscriber’s investment in the Shares.

     

    2.1.5.         Access to Information; Independent Investigation. Prior to the execution of this Agreement, the Subscriber has had the opportunity to ask questions of and receive answers from
      representatives of the Company concerning an investment in the Company, as well as the finances, operations, business and prospects of the Company, and the opportunity to obtain additional information to verify the accuracy of all information so
      obtained. In determining whether to make this investment, the Subscriber has relied solely on the Subscriber’s own knowledge and understanding of the Company and its business based upon the Subscriber’s own due diligence investigation and the
      information furnished pursuant to this paragraph. The Subscriber understands that no person has been authorized to give any information or to make any representations which were not furnished pursuant to this Section 2 and the Subscriber has not
      relied on any other representations or information in making its investment decision, whether written or oral, relating to the Company, its operations and/or its prospects.

     

    2.1.6.         Investment Purposes. The Subscriber is purchasing the Shares solely for investment purposes, for the Subscriber’s own account and not for the account or benefit of any other
      person, and not with a view towards the distribution or dissemination thereof in violation of the registration requirements of the Securities Act. The Subscriber did not decide to enter into this Agreement as a result of any general solicitation or
      general advertising within the meaning of Rule 502 of Regulation D under the Securities Act.

     

    
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    2.1.7.         Restrictions on Transfer; Shell Company. The Subscriber understands the Shares are being offered in a transaction not involving a public offering within the meaning of the
      Securities Act. The Subscriber understands the Shares will be “restricted securities” within the meaning of Rule 144(a)(3) under the Securities Act, and the Subscriber understands that the certificates or book-entries representing the Shares will
      contain a legend in respect of such restrictions. If in the future the Subscriber decides to offer, resell, pledge or otherwise transfer the Shares, such Shares may be offered, resold, pledged or otherwise transferred only pursuant to: (i)
      registration under the Securities Act, or (ii) an available exemption from registration. The Subscriber agrees that if any transfer of its Shares or any interest therein is proposed to be made, as a condition precedent to any such transfer, the
      Subscriber may be required to deliver to the Company an opinion of counsel satisfactory to the Company. Absent registration under the Securities Act or an exemption therefrom, the Subscriber agrees not to resell the Shares. The Subscriber further
      acknowledges that because the Company is a shell company, Rule 144 may not be available to the Subscriber for the resale of the Shares until one year following consummation of the initial business combination of the Company, despite technical
      compliance with the requirements of Rule 144 and the release or waiver of any contractual transfer restrictions.

     

    2.1.8.         No Governmental Consents. No governmental, administrative or other third party consents or approvals are required or necessary on the part of the Subscriber in connection with the
      transactions contemplated by this Agreement.

     

    2.2.        Company’s Representations, Warranties and Agreements. To induce the Subscriber to subscribe for and purchase the Shares, the Company hereby represents and warrants to the Subscriber
      and agrees with the Subscriber as follows:

     

    2.2.1.         Incorporation and Power. The Company is a Cayman Islands exempted company and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
      be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses all requisite power and authority necessary to carry out the transactions contemplated by this Agreement.

     

    2.2.2.         No Conflicts. The execution, delivery and performance of this Agreement and the consummation by the Company of the transactions contemplated hereby do not violate, conflict with or
      constitute a default under (i) the memorandum and articles of association of the Company, (ii) any agreement, indenture or instrument to which the Company is a party, (iii) any law, statute, rule or regulation to which the Company is subject, or (iv)
      any agreement, order, judgment or decree to which the Company is subject.

     

    2.2.3.         Title to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof, and registration in the Company’s register of members, the Shares will be duly and
      validly issued, fully paid and nonassessable. Upon issuance in accordance with, and payment pursuant to, the terms hereof, and registration in the Company’s register of members, the Subscriber will have or receive good title to the Shares, free and
      clear of all liens, claims and encumbrances of any kind, other than (a) transfer restrictions hereunder and other agreements to which the Shares may be subject, (b) transfer restrictions under federal and state securities laws, and (c) liens, claims
      or encumbrances imposed due to the actions of the Subscriber.

     

    

    2.2.4.         No Adverse Actions. There are no actions, suits, investigations or proceedings pending, threatened against or affecting the Company which: (i) seek to restrain, enjoin, prevent the
      consummation of or otherwise affect the transactions contemplated by this Agreement or (ii) question the validity or legality of any transactions or seek to recover damages or to obtain other relief in connection with any transactions. 

     

    
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    3.    Surrender of Shares.

     

    3.1.         Partial or No Exercise of the Over-allotment Option. In the event the Over-allotment Option granted to the representative(s) of the underwriters of the Company’s IPO is not exercised
      in full, the Subscriber acknowledges and agrees that it shall surrender any and all rights to such number of Shares (up to an aggregate of 937,000 Shares and pro rata based upon the percentage of the Over-allotment Option exercised) such that
      immediately following such surrender, the Subscriber (and all other initial shareholders prior to the IPO, if any) will own an aggregate number of Shares (not including (i) Class A ordinary shares of the Company, $0.0001 par value per share (the “Class A Shares” and, together with the Shares, “Ordinary Shares”), issuable upon exercise of any warrants or (ii) any Ordinary Shares purchased by the Subscriber in the
      Company’s IPO or in the aftermarket) equal to 20% of the issued and outstanding Ordinary Shares immediately following the IPO.

     

    3.2.        Termination of Rights as Shareholder. If any of the Shares are surrendered in accordance with this Section 3, then after such time the Subscriber (or successor in interest), shall no
      longer have any rights as a holder of such Shares, and the Company shall take such action as is appropriate to cancel such Shares.

     

    4.    Waiver of Liquidation Distributions; Redemption Rights. In connection with the Shares 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 by the Company from the trust account which will be established for the benefit of the Company’s public shareholders and into which substantially all of the proceeds of the IPO will be deposited (the “Trust Account”), in the event of a liquidation of the Company upon the Company’s failure to timely complete an initial business combination. For purposes of clarity, in the event the Subscriber purchases Ordinary
      Shares in the IPO or in the aftermarket, any Class A Shares so purchased shall be eligible to receive any liquidating distributions by the Company. However, in no event will the Subscriber have the right to redeem any Ordinary Shares into funds held
      in the Trust Account upon the successful completion of an initial business combination.

     

    5.    Restrictions on Transfer.

     

    5.1.        Restrictive Legends. Any certificates representing the Shares shall have endorsed thereon legends substantially as follows:

     

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

     

    “THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO LOCKUP PROVISIONS AND MAY NOT BE OFFERED, SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED DURING THE TERM OF THE LOCKUP.”

     

    
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    5.2.        Additional Shares or Substituted Securities. In the event of the declaration of a share capitalization, the declaration of an extraordinary dividend payable in a form other than
      Shares, a spin-off, a share sub-division, an adjustment in conversion ratio, a recapitalization or a similar transaction affecting the Company’s outstanding Ordinary Shares without receipt of consideration, any new, substituted or additional
      securities or other property which are by reason of such transaction distributed with respect to any Shares subject to this Section 5 or into which such Shares thereby become convertible shall immediately be subject to this Section 5 and Section 3.
      Appropriate adjustments to reflect the distribution of such securities or property shall be made to the number and/or class of Shares subject to this Section 5 and Section 3.

     

    5.3.         Registration Rights. The Subscriber acknowledges that the Shares are being purchased pursuant to an exemption from the registration requirements of the Securities Act and will become
      freely tradable only after certain conditions are met or they are registered pursuant to a registration rights agreement to be entered into with the Company prior to the closing of the IPO.

     

    6.    Other Agreements.

     

    6.1.         Further Assurances. The Subscriber agrees to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this
      Agreement.

     

    6.2.         Notices. All notices, statements or other documents which are required or contemplated by this Agreement shall be: (i) in writing and delivered personally or sent by first class
      registered or certified mail, overnight courier service or facsimile or electronic transmission to the address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number as may be
      designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such party or such other electronic mail address as may be designated in writing by such party. Any notice or other
      communication so transmitted shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written confirmation, if sent by facsimile or electronic transmission, one (1) business day
      after delivery to an overnight courier service or five (5) days after mailing if sent by mail.

     

    6.3.        Entire Agreement. This Agreement, together with that certain insider letter to be entered into between the Subscriber and the Company, substantially in the forms to be filed as
      exhibits to the Registration Statement on Form S-1 associated with the Company’s IPO, embody the entire agreement and understanding between the Subscriber and the Company with respect to the subject matter hereof and supersedes all prior oral or
      written agreements and understandings relating to the subject matter hereof. No statement, representation, warranty, covenant or agreement of any kind not expressly set forth in this Agreement shall affect, or be used to interpret, change or
      restrict, the express terms and provisions of this Agreement.

     

    6.4.        Modifications and Amendments. The terms and provisions of this Agreement may be modified or amended only by written agreement executed by all parties hereto.

     

    6.5.        Waivers and Consents. The terms and provisions of this Agreement may be waived, or consent for the departure therefrom granted, only by a written document executed by the party
      entitled to the benefits of such terms or provisions. No such waiver or consent shall be deemed to be or shall constitute a waiver or consent with respect to any other terms or provisions of this Agreement, whether or not similar. Each such waiver or
      consent shall be effective only in the specific instance and for the purpose for which it was given, and shall not constitute a continuing waiver or consent.

     

    
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    6.6.        Assignment. The rights and obligations under this Agreement may not be assigned by either party hereto without the prior written consent of the other party.

     

    6.7.        Benefit. All statements, representations, warranties, covenants and agreements in this Agreement shall be binding on the parties hereto and shall inure to the benefit of the
      respective successors and permitted assigns of each party hereto. Nothing in this Agreement shall be construed to create any rights or obligations except among the parties hereto, and no person or entity shall be regarded as a third-party beneficiary
      of this Agreement.

     

    6.8.        Governing Law. This Agreement and the rights and obligations of the parties hereunder shall be construed in accordance with and governed by the laws of the State of New York
      applicable to contracts wholly performed within the borders of such state, without giving effect to the conflict of law principles thereof.

     

    6.9.        Severability. In the event that any court of competent jurisdiction shall determine that any provision, or any portion thereof, contained in this Agreement shall be unreasonable or
      unenforceable in any respect, then such provision shall be deemed limited to the extent that such court deems it reasonable and enforceable, and as so limited shall remain in full force and effect. In the event that such court shall deem any such
      provision, or portion thereof, wholly unenforceable, the remaining provisions of this Agreement shall nevertheless remain in full force and effect.

     

    6.10.       No Waiver of Rights, Powers and Remedies. No failure or delay by a party hereto in exercising any right, power or remedy under this Agreement, and no course of dealing between the
      parties hereto, shall operate as a waiver of any such right, power or remedy of such party. No single or partial exercise of any right, power or remedy under this Agreement by a party hereto, nor any abandonment or discontinuance of steps to enforce
      any such right, power or remedy, shall preclude such party from any other or further exercise thereof or the exercise of any other right, power or remedy hereunder. The election of any remedy by a party hereto shall not constitute a waiver of the
      right of such party to pursue other available remedies. No notice to or demand on a party not expressly required under this Agreement shall entitle the party receiving such notice or demand to any other or further notice or demand in similar or other
      circumstances or constitute a waiver of the rights of the party giving such notice or demand to any other or further action in any circumstances without such notice or demand.

     

    6.11.      Survival of Representations and Warranties. All representations and warranties made by the parties hereto in this Agreement or in any other agreement, certificate or instrument
      provided for or contemplated hereby, shall survive the execution and delivery hereof and any investigations made by or on behalf of the parties.

     

    6.12.      No Broker or Finder. Each of the parties hereto represents and warrants to the other that no broker, finder or other financial consultant has acted on its behalf in connection with
      this Agreement or the transactions contemplated hereby in such a way as to create any liability on the other. Each of the parties hereto agrees to indemnify and save the other harmless from any claim or demand for commission or other compensation by
      any broker, finder, financial consultant or similar agent claiming to have been employed by or on behalf of such party and to bear the cost of legal expenses incurred in defending against any such claim.

     

    6.13.      Headings and Captions. The headings and captions of the various subdivisions of this Agreement are for convenience of reference only and shall in no way modify or affect the meaning or
      construction of any of the terms or provisions hereof.

     

    
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    6.14.      Counterparts. This Agreement may be executed in one 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 any other form of
      electronic delivery, 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 signature page were an original thereof.

     

    6.15.      Construction. The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent or interpretation arises, this
      Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. The words “include,” “includes,” and “including” will be deemed to be followed by “without limitation.”
      Pronouns in masculine, feminine, and neuter genders will be construed to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
      and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The parties hereto intend that each representation, warranty, and covenant contained herein will have independent
      significance. If any party hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation, warranty or covenant relating to the same subject matter (regardless of the
      relative levels of specificity) which such party hereto has not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or covenant.

     

    6.16.      Mutual Drafting. This Agreement is the joint product of the Subscriber and the Company and each provision hereof has been subject to the mutual consultation, negotiation and agreement
      of such parties and shall not be construed for or against any party hereto.

     

    7.    Voting and Tender of Shares. The Subscriber agrees to vote the Shares in favor of an initial business combination that the Company negotiates and submits for approval to the Company’s shareholders and shall
      not seek redemption or repurchase with respect to such Shares. Additionally, the Subscriber agrees not to tender any Shares in connection with a tender offer presented to the Company’s shareholders in connection with an initial business combination
      negotiated by the Company

     

    

       

    [Signature Page Follows]

     

    
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    If the foregoing accurately sets forth our understanding and agreement, please sign the enclosed copy of this Agreement and return it to us.

     

    	 	
            Very truly yours,

          
	 	 
	 	
            Sculptor Acquisition Corp I

          
	 	 
	 	
            By:

          	
            /s/ Steven Orbuch

          
	 	 	
            Name:   Steven Orbuch

          
	 	 	
            Title:   President

          

    

       

    Accepted and agreed as of the date first written above.

    

       

    	
            Sculptor Acquisition Sponsor I

          	 
	 	 
	
            By:

          	
            /s/ Wayne Cohen

          	 
	 	
            Name:   Wayne Cohen

          	 
	 	
            Title:  Officer

          	 

    

       

    
      [Signature Page to Securities Subscription Agreement]Exhibit 10.7

     

    [●], 2021

     

    Sculptor Acquisition Corp I

     9 West 57th Street, 39th Floor

     New York, NY 10019

     

    
      	 	
              Re:

            	
              Initial Public Offering

            

    

     

    Ladies and Gentlemen:

     

    This letter (this “Letter Agreement”) is being delivered to you in accordance with the Underwriting Agreement (the “Underwriting Agreement”) entered into by and between Sculptor Acquisition Corp I, a Cayman Islands exempted company (the “Company”),
      Goldman Sachs & Co. LLC, as representative (the “Representative”) of the several underwriters named therein (the “Underwriters”),
      relating to an underwritten initial public offering (the “Public Offering”) of 23,000,000 of the Company’s units  (including 3,000,000 units that may be purchased pursuant to the
      Underwriters’ option to purchase additional units, the “Units”), each comprised of one Class A ordinary share, with a par or nominal value of $0.0001 per share, of the Company (the “Ordinary Shares”), and one-half of one redeemable warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder thereof
      to purchase one Ordinary Share at a price of $11.50 per share, subject to adjustment.  The Units will be sold in the Public Offering pursuant to a registration statement on Form S-1 and a prospectus (the “Prospectus”) filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”). Certain capitalized terms used herein are defined in paragraph 1
      hereof.

     

    In order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the Public Offering and for other good and valuable consideration, the receipt and
      sufficiency of which are hereby acknowledged, Sculptor Acquisition Sponsor I, a Cayman Islands limited liability company (the “Sponsor”) and each of the undersigned (each, an “Insider” and, collectively, the “Insiders”) hereby agree with the Company as follows:

     

    1.      Definitions. As used herein, (a) “Business Combination” shall mean a merger, share exchange, asset acquisition, share
      purchase, reorganization or similar business combination with one or more businesses or entities; (b) “Founder Shares” shall mean the 5,750,000 Class B ordinary shares of the Company, with a
      par or nominal value of $0.0001 per share, outstanding prior to the consummation of the Public Offering; (c) “Private Placement Warrants” shall mean the warrants to purchase an aggregate of
      10,000,000 Ordinary Shares of the Company that will be acquired by the Sponsor for an aggregate purchase price of $10,000,000, or $1.00 per warrant (or up to $11,200,000 if the Underwriters’ exercise their option to purchase additional Units in full)
      in a private placement that shall close simultaneously with the consummation of the Public Offering; (d) “Public Shareholders” shall mean the holders of Ordinary Shares issued in the Public
      Offering; (e) “Public Shares” shall mean the Ordinary Shares issued in the Public Offering; (f) “Trust Account” shall mean the
      trust account into which a portion of the net proceeds of the Public Offering and the sale of the Private Placement Warrants shall be deposited; (g) “Transfer” shall mean the (i) sale of,
      offer to sell, contract or agreement to sell, hypothecate, pledge, grant of any option to purchase or otherwise dispose of or agreement to dispose of, directly or indirectly, or establishment or increase of a put equivalent position or liquidation
      with respect to or decrease of a call equivalent position within the meaning of Section 16 of the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder with respect to, any security, (ii)
      entry into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any security, whether any such transaction is to be settled by delivery of such securities, in cash or
      otherwise, or (iii) public announcement of any intention to effect any transaction specified in clause (i) or (ii); and (h) “Charter” shall mean the Company’s Amended and Restated Memorandum
      and Articles of Association, as the same may be amended and/or restated from time to time; (i) “Working Capital Warrants” shall mean the warrants that may be issued in connection with
      financing the Company’s transaction costs in connection with a Business Combination; and (j) “Extension Loan Warrants” shall mean the warrants that may be issued in connection with an
      extension of the period of time the Company has to consummate a Business Combination as set forth in the Charter.

     

    
      
        

    

    
    2.       Representations and Warranties.

     

    (a)    The Sponsor and each Insider, with respect to itself, herself or himself, represent and warrant to the Company that it, she or he has the full right
      and power, without violating any agreement to which it, she or he is bound (including, without limitation, any non-competition or non-solicitation agreement with any employer or former employer), to enter into this Letter Agreement, and, as
      applicable, to serve as an officer of the Company and/or a director on the Company’s Board of Directors (the “Board”), as applicable, and each Insider hereby consents to being named in the
      Prospectus, road show and any other materials as an officer and/or director of the Company, as applicable.

     

    (b)    Each Insider represents and warrants, with respect to herself or himself, that such Insider’s biographical information furnished to the Company
      (including any such information included in the Prospectus) is true and accurate in all material respects and does not omit any material information with respect to such Insider’s background. The Insider’s questionnaire furnished to the Company is
      true and accurate in all material respects. Each Insider represents and warrants that such Insider is not subject to or a respondent in any legal action for, any injunction, cease-and-desist order or order or stipulation to desist or refrain from any
      act or practice relating to the offering of securities in any jurisdiction; such Insider has never been convicted of, or pleaded guilty to, any crime (i) involving fraud, (ii) relating to any financial transaction or handling of funds of another
      person, or (iii) pertaining to any dealings in any securities and such Insider is not currently a defendant in any such criminal proceeding; and such Insider has never been suspended or expelled from membership in any securities or commodities
      exchange or association or had a securities or commodities license or registration denied, suspended or revoked.

     

    3.      Business Combination Vote. It is acknowledged and agreed that the Company shall not enter into a definitive agreement regarding a proposed initial Business Combination without the
      prior consent of the Sponsor. The Sponsor and each Insider, with respect to itself or herself or himself, agrees that if the Company seeks shareholder approval of a proposed initial Business Combination, then in connection with such proposed initial
      Business Combination, it, she or he, as applicable, shall vote all Founder Shares and any Public Shares held by it, her or him, as applicable, in favor of such proposed initial Business Combination (including any proposals recommended by the Board in
      connection with such proposed initial Business Combination) and not redeem any Public Shares held by it, her or him, as applicable, in connection with such shareholder approval.

     

    
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    4.       Failure to Consummate a Business Combination; Trust Account Waiver.

     

    (a)     The Sponsor and each Insider hereby agree, with respect to itself, herself or himself, that in the event that the Company fails to consummate its
      initial Business Combination within the time period set forth in the Charter, the Sponsor and each Insider shall take all reasonable steps to cause the Company to (i) cease all operations except for the purpose of winding up; (ii) as promptly as
      reasonably possible but not more than 10 business days thereafter, redeem 100% of the Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned on the funds
      held in the Trust Account and not previously released to the Company to pay income taxes, if any (less up to $100,000 of interest to pay dissolution expenses), divided by the number of then-outstanding Public Shares, which redemption will completely
      extinguish Public Shareholders’ rights as shareholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the Company’s
      remaining shareholders and the Board, liquidate and dissolve, subject in each case to the Company’s obligations under Cayman Islands law to provide for claims of creditors and in all cases subject to the other requirements of applicable law. The
      Sponsor and each Insider agree not to propose any amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an
      initial Business Combination or to redeem 100% of the Public Shares if the Company does not complete an initial Business Combination within the required time period set forth in the Charter or (ii) with respect to any provision relating to the rights
      of holders of Public Shares unless the Company provides its Public Shareholders with the opportunity to redeem their Public Shares upon approval of any such amendment at a per-share price, payable in cash, equal to the aggregate amount then on
      deposit in the Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay taxes, if any, divided by the number of then-outstanding Public Shares.

     

    (b)    The Sponsor and each Insider, with respect to itself, herself or himself, acknowledges that it, she or he has no right, title, interest or claim of
      any kind in or to any monies held in the Trust Account or any other asset of the Company as a result of any liquidation of the Company with respect to the Founder Shares, Working Capital Warrants, Extension Loan Warrants and Private Placement
      Warrants held by it, her or him, if any. The Sponsor and each Insider hereby further waives, with respect to any Founder Shares, Private Placement Warrants, Working Capital Warrants, Extension Loan Warrants and Public Shares held by it, her or him,
      as applicable, any redemption rights it, she or he may have in connection with the consummation of a Business Combination, including, without limitation, any such rights available in the context of a shareholder vote to approve such Business
      Combination or a shareholder vote to approve an amendment to the Charter (i) that would modify the substance or timing of the Company’s obligation to provide holders of the Public Shares the right to have their shares redeemed in connection with an
      initial Business Combination or to redeem 100% of the Public Shares if the Company has not consummated an initial Business Combination within the time period set forth in the Charter or (ii) with respect to any provision relating to the rights of
      holders of Public Shares (although the Sponsor and the Insiders shall be entitled to liquidation rights with respect to any Public Shares they hold if the Company fails to consummate an initial Business Combination within the required time period set
      forth in the Charter).

     

    
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    (c)     The undersigned acknowledges and agrees that, prior to entering into a definitive agreement for a Business Combination with a target business that is
      affiliated with the undersigned or any other Insiders of the Company or their affiliates, the Company or a committee of independent and disinterested directors will obtain an opinion from an independent investment banking firm, an independent entity
      that commonly renders valuation opinions for the type of company the Company is seeking to acquire, or an independent accounting firm, that such initial Business Combination is fair to the Company from a financial point of view.

     

    5.      Lock-up; Transfer Restrictions.

     

    (a)     The Sponsor and the Insiders agree that they shall not Transfer any Founder Shares (the “Founder
        Shares Lock-up”) until the earliest of (i) one year after the completion of the initial Business Combination and (ii) subsequent to the completion of the initial Business Combination, (x) if the closing price of the Ordinary Shares equals or
      exceeds $12.00 per share (as adjusted for share sub-divisions, share capitalizations, share consolidations, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after
      the initial Business Combination, or (y) the date on which the Company completes a liquidation, merger, share exchange or other similar transaction that results in all of the Company’s shareholders having the right to exchange their Ordinary Shares
      for cash, securities or other property (the “Founder Shares Lock-up Period”). Subject to the provisions set forth in paragraph 5(c), the Sponsor and Insiders agree that they shall
      not effectuate any Transfer of Private Placement Warrants, Working Capital Warrants, Extension Loan Warrants or Ordinary Shares underlying such warrants until 30 days after the completion of the initial Business Combination.

     

    (b)     Notwithstanding the provisions set forth in paragraph 5(a), Transfers of the Founder Shares, Working Capital Warrants, Extension Loan
      Warrants and Private Placement Warrants and Ordinary Shares underlying such warrants are permitted (i) to the Company’s officers or directors, any affiliates or family members of any of the Company’s officers or directors, any direct or indirect
      members or partners of the Sponsor or their affiliates, any affiliates of the Sponsor, including to funds affiliated with Sculptor Capital Management, Inc., and to direct or indirect members or partners of funds affiliated with Sculptor Capital
      Management, Inc. or any affiliates thereof, or any employees of such affiliates; (ii) in the case of an individual, by gift to a member of one of the individual’s immediate family or to a trust, the beneficiary of which is a member of the
      individual’s immediate family, an affiliate of such person or to a charitable organization; (iii) in the case of an individual, by virtue of laws of descent and distribution upon death of the individual; (iv) in the case of an individual, pursuant to
      a qualified domestic relations order; (v) by private sales or transfers made in connection with the consummation of a Business Combination at prices no greater than the price at which the Founder Shares, Private Placement Warrants, Working Capital
      Warrants, Extension Loan Warrants or Ordinary Shares, as applicable, were originally purchased; (vi) by virtue of the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor; (vii) to the Company for no value for
      cancellation in connection with the consummation of its initial Business Combination; (viii) in the event of the Company’s liquidation prior to the completion of its initial Business Combination; or (ix) in the event of completion of a liquidation,
      merger, share exchange or other similar transaction which results in all of the Company’s Public Shareholders having the right to exchange their Ordinary Shares for cash, securities or other property subsequent to the completion of the initial
      Business Combination; provided, however, that in the case of clauses (i) through (v) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions.

     

    
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    (c)     During the period commencing on the effective date of the Underwriting Agreement and ending 180 days after such date, the Sponsor and each Insider
      shall not, without the prior written consent of the Representative, Transfer any Ordinary Shares or any other securities convertible into, or exercisable or exchangeable for, Ordinary Shares held by it, her or him, as applicable, subject to certain
      exceptions enumerated in Section [5(g)] of the Underwriting Agreement.

     

    6.      Remedies. The Sponsor and each of the Insiders hereby agree and acknowledge that (a) each of the Underwriters and the Company would be irreparably injured in the event of a breach by
      the Sponsor or such Insider of its, her or his obligations, as applicable under paragraphs 3, 4, 5, 7, 10 and 11, (b) monetary damages may not be an adequate remedy for such breach and (c) the
      non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in equity, in the event of such breach.

     

    7.      Payments by the Company. Except as disclosed in the Prospectus, neither the Sponsor nor any affiliate of the Sponsor nor any director or officer of the Company nor any affiliate of
      the officers shall receive from the Company any finder’s fee, reimbursement, consulting fee, monies in respect of any payment of a loan or other compensation prior to, or in connection with any services rendered in order to effectuate the
      consummation of the Company’s initial Business Combination (regardless of the type of transaction that it is).

     

    8.      Director and Officer Liability Insurance. The Company will maintain an insurance policy or policies providing directors’ and officers’ liability insurance, and the Insiders shall be
      covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers.

     

    9.       Termination. This Letter Agreement shall terminate on the earlier of (a) the expiration of the Founder Shares Lock-up Period and (b) the liquidation of the Company.

     

    
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    10.     Indemnification.

     

    (a)     In the event of the liquidation of the Trust Account upon the failure of the Company to consummate its initial Business Combination within the time
      period set forth in the Charter, the Sponsor (the “Indemnitor”) agrees to indemnify and hold harmless the Company against any and all loss, liability, claim, damage and expense whatsoever
      (including, but not limited to, any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending or threatened) to which the Company may become subject as a result of any claim
      by (a) any third party for services rendered or products sold to the Company (except for the Company’s independent auditors) or (b) any prospective target business with which the Company has discussed entering into a transaction agreement (a “Target”); provided, however, that such indemnification of the Company by the Indemnitor (x) shall apply only to the extent necessary to ensure that such claims by a third party
      for services rendered or products sold to the Company or a Target do not reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00 per Public Share and (ii) the actual amount per Public Share held in the Trust Account as of
      the date of the liquidation of the Trust Account if less than $10.00 per Public Share due to reductions in the value of the trust assets, in each case net of interest that may be withdrawn to pay the Company’s tax obligations, (y) shall not apply to
      any claims by a third party or Target who executed a waiver of any and all rights to the monies held in the Trust Account (whether or not such waiver is enforceable) and (z) shall not apply to any claims under the Company’s indemnity of the
      Underwriters against certain liabilities, including liabilities under the Securities Act of 1933, as amended. The Indemnitor shall have the right to defend against any such claim with counsel of its choice that is reasonably satisfactory to the
      Company if, within 15 days following written receipt of notice of the claim to the Indemnitor, the Indemnitor notifies the Company in writing that it shall undertake such defense.

     

    (b)     The Company will, to the fullest extent permitted by law, indemnify, exonerate and hold the Sponsor and its
        managers and members, including Sculptor Capital Management, Inc., and each of its respective partners, shareholders, members, affiliates, associated investment funds, directors, officers, fiduciaries, managers, controlling persons, employees and
        agents and each of the partners, shareholders, members, affiliates, associated investment funds, directors, officers, fiduciaries, managers, controlling persons, employees and agents of each of the foregoing, whether or not a signatory hereto
        (collectively, the “Indemnitees”) free and harmless from and against any and all actions, causes of action, suits, claims,
        liabilities, losses, damages and costs and expenses (including attorneys’ fees and expenses) incurred by an Indemnitee or any of them (collectively, the “Indemnified
        Liabilities”), arising out of or in connection with any action, cause of action, suit, arbitration, investigation or claim arising out of, or in any way relating to (i) this Agreement, the Public Offering,
        any completed, abandoned or failed Business Combination or any other agreement or arrangement in connection with the Public Offering or any completed, abandoned or failed Business Combination, or any review or approval of any proposed, abandoned,
        failed or completed Business Combination or any proxy or other solicitation of shareholder approval or authorization of any proposed, abandoned, failed or completed Business Combination, (ii) any investment opportunities sourced by the Indemnitees,
        (iii) any act or omission of an Indemnitee in connection with the Company’s or its affiliates’ affairs or (iv) the operations of, or services provided by an Indemnitee to, the Company or any of its affiliates, whether arising prior to or on and
        after the date hereof and shall advance costs and expenses (including attorneys’ fees and expenses) incurred by the Indemnitee in connection with any of the foregoing upon and following receipt of an undertaking from the applicable Indemnitee to
        repay (without interest) any amounts advanced if indemnification hereunder is finally judicially determined by a court of competent jurisdiction to not be owed; provided, that if and to the extent that the foregoing indemnification or advancement
        rights may be unavailable or unenforceable for any reason, the Company hereby agrees to make the maximum contribution to the payment and satisfaction of each of the Indemnified Liabilities which is permissible under applicable law.

     

    The rights of any Indemnitee to indemnification or advancement hereunder will be primary and in addition to any other rights any such person may have under any other agreement or
      instrument to which such Indemnitee is or becomes a party or is or otherwise becomes a beneficiary or under law or regulation. In addition, the rights of any Indemnitee to indemnification hereunder will not entitle such Indemnitee to access the funds
      held in the Trust Account, and any indemnification hereunder will not be permitted to be funded by funds held in the Trust Account.

     

    
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    Each Indemnitee (as defined herein) is an intended third party beneficiary of this paragraph 10, whether or not such Indemnitee is a signatory to this Agreement.

     

    11.    Surrender of Founder Shares. To the extent that the Underwriters do not exercise their option to purchase additional Units within 45 days from the date of the Prospectus in full (as
      further described in the Prospectus), the Sponsor agrees to automatically surrender to the Company for no consideration, for cancellation at no cost, up to an aggregate of 937,500 Founder Shares to the extent that the option to purchase additional
      Units is not exercised in full by the Underwriters. The Sponsor and Insiders further agree that to the extent that the size of the Public Offering is increased or decreased, the Company will effect a share capitalization or a share repurchase, as
      applicable, with respect to the Founder Shares immediately prior to the consummation of the Public Offering in such amount as to maintain the number of Founder Shares at 20% of the sum of the total number of Ordinary Shares (excluding the Private
      Placement Warrants, Working Capital Warrants and Extension Loan Warrants) and Founder Shares outstanding at such time. The surrender will be adjusted to the extent that the option to purchase additional Units is not exercised in full by the
      Underwriters so that the Founder Shares will represent approximately 20% of the Company’s issued and outstanding shares after the Public Offering.

     

    12.    Entire Agreement. This Letter Agreement constitutes the entire agreement and understanding of the parties hereto in respect of the subject matter hereof and supersedes all prior
      understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby. This Letter Agreement may not be changed,
      amended, modified or waived (other than to correct a typographical error) as to any particular provision, except by a written instrument executed by (a) each Insider that is the subject of any such change, amendment, modification or waiver and (b)
      the Sponsor.

     

    13.     Assignment. No party hereto may assign either this Letter Agreement or any of its rights, interests, or obligations hereunder without the prior written consent of the other parties.
      Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee. This Letter Agreement shall be binding on the Sponsor, each of the
      Insiders and each of their respective successors, heirs, personal representatives and assigns and permitted transferees.

     

    14.     Counterparts. This Letter Agreement may be executed in any number of original or facsimile counterparts, and each of such counterparts shall for all purposes be deemed to be an
      original, and all such counterparts shall together constitute but one and the same instrument.

     

    15.     Effect of Headings; Interpretation. The paragraph headings herein are for convenience only and are not part of this Letter Agreement and shall not affect the interpretation thereof. 
      References to “$” of “dollars” in this Agreement are to United States dollars.

     

    
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    16.    Severability. This Letter Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of
      this Letter Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Letter Agreement a provision as similar
      in terms to such invalid or unenforceable provision as may be possible and be valid and enforceable.

     

    17.    Governing Law. This Letter Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect to conflicts of law
      principles that would result in the application of the substantive laws of another jurisdiction. The parties hereto (a) all agree that any action, proceeding, claim or dispute arising out of, or relating in any way to, this Letter Agreement shall be
      brought and enforced in the courts of New York City, in the State of New York, and irrevocably submit to such jurisdiction and venue, which jurisdiction and venue shall be exclusive, and (b) waive any objection to such exclusive jurisdiction and
      venue or that such courts represent an inconvenient forum.

     

    18.    Notices. Any notice, consent or request to be given in connection with any of the terms or provisions of this Letter Agreement shall be in writing and shall be sent by express mail or
      similar private courier service, by certified mail (return receipt requested), by hand delivery or facsimile or other electronic transmission.

     

    [Signature Page Follows]

     

    
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            Sincerely,

          
	 	 
	 	
            SCULPTOR ACQUISITION SPONSOR I

          
	 	 
	 	
            By:

          	

          
	 	
            Name:

          
	 	
            Title:

          

    

      
        [Signature Page to Letter Agreement]

         

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Steven Orbuch

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Nicholas Hecker

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Dava Ritchea

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: James Levin

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	

          
	 	
            Name: Wayne Cohen

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Kristi Jackson

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Charmel Maynard

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Adam Rosenberg

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	 	
            By:

          	 
	 	
            Name: Ivy Zelman

          

    

    

    
      
        
          [Signature Page to Letter Agreement]

           

          

        

      

    

    
      
        

    

    	
            Acknowledged and Agreed:

          	 
	 	 
	
            SCULPTOR ACQUISITION CORP I

          	 
	 	 
	
            By:

          	 	 
	
            Name:

          	 
	
            Title:

          	 

    

    

    
      
        
           

          

          [Signature Page to Letter Agreement]

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