Document:

EX-10.7

 Exhibit 10.7 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT 

THIS PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, dated as of [●], 2020 (as it may from time to time be amended and including all
exhibits referenced herein, this “Agreement”), is entered into by and between Marquee Raine Acquisition Corp., a Cayman Islands exempted company (the “Company”) and Marquee Raine Acquisition Sponsor LP, a Cayman
Islands exempted limited partnership (the “Purchaser”). 
 WHEREAS, the Company intends to consummate an initial public
offering of the Company’s units (the “Public Offering”), each unit consisting of one Class A ordinary share of the Company, par value $0.0001 per share (each, a “Class A ordinary
share”), and one-fourth of one redeemable warrant; 
 WHEREAS, each whole warrant entitles
the holder to purchase one Class A ordinary share at an exercise price of $11.50 per ordinary share, as set forth in the Company’s Registration Statement on Form S-1, filed with the U.S. Securities
and Exchange Commission (the “SEC”), File Number 333-[●] (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities
Act”); and 
 WHEREAS, the Purchaser has agreed to purchase an aggregate of 5,666,667 warrants (or up to 6,316,667 warrants in the
aggregate if the over-allotment option in connection with the Public Offering is exercised in full) (the “Private Placement Warrants”), each Private Placement Warrant entitling the holder to purchase one Class A ordinary share
at an exercise price of $11.50 per Class A ordinary share, at a price of $1.50 per warrant. 
 NOW THEREFORE, in consideration of the
mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows: 

AGREEMENT 

Section 1. Authorization, Purchase and Sale; Terms of the Private Placement Warrants. 

A. Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement
Warrants to the Purchaser. 
 B. Purchase and Sale of the Private Placement Warrants. 

(i) On the date of the consummation of the Public Offering or on such earlier time and date as may be mutually agreed by the Purchaser and the
Company (the “IPO Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, 5,666,667 Private Placement Warrants at a price of $1.50 per warrant for an aggregate purchase
price of $8,500,000 (the “Purchase Price”). The Purchaser shall pay the Purchase Price by wire transfer of immediately available funds to the Company, to the trust 

 
account, at a financial institution to be chosen by the Company, maintained by Continental Stock Transfer & Trust Company, acting as trustee, in accordance with the Company’s wiring
instructions (the “Trust Account”), at least one (1) business day prior to the IPO Closing Date. On the IPO Closing Date, upon the payment by the Purchaser of the Purchase Price, by wire transfer of immediately available funds
to the Company, the Company, at its option, shall deliver a certificate evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser or effect such delivery in
book-entry form. 
 (ii) On the date of any closing of the over-allotment option, if any, in connection with the Public Offering or on such
earlier time and date as may be mutually agreed by the Purchaser and the Company (each such date, an “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the IPO Closing Date, being sometimes referred to
herein as a “Closing Date”), the Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company, up to an aggregate of 650,000 Private Placement Warrants, in the same proportion as the amount of the
option that is then so exercised, at a price of $1.50 per warrant for an aggregate purchase price of up to $975,000 (if the over-allotment option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase
Price”). The Purchaser shall pay the Over-allotment Purchase Price in accordance with the Company’s wire instruction by wire transfer of immediately available funds to the Trust Account at least one (1) business day prior to such
Over-allotment Closing Date. On the Over-allotment Closing Date, following the payment by the Purchaser of the Over-allotment Purchase Price by wire transfer of immediately available funds to the Company, the Company, at its option, shall deliver a
certificate evidencing the Private Placement Warrants purchased by the Purchaser on such date duly registered in the Purchaser’s name to the Purchaser, or effect such delivery in book-entry form. 

C. Terms of the Private Placement Warrants. 

(i) Each Private Placement Warrant shall have the terms set forth in a Warrant Agreement to be entered into by the Company and a warrant agent
on the IPO Closing Date, in connection with the Public Offering (the “Warrant Agreement”). 
 (ii) At the time of, or prior
to, the closing of the Public Offering, the Company and the Purchaser shall enter into a registration rights agreement (the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to the
Purchaser relating to the Private Placement Warrants and the Class A ordinary shares underlying the Private Placement Warrants. 

Section 2. Representations and Warranties of the Company. As a material inducement to the Purchaser to enter into this Agreement and
purchase the Private Placement Warrants, the Company hereby represents and warrants to the Purchaser (which representations and warranties shall survive each Closing Date) that: 

A. Incorporation and Corporate Power. The Company is an exempted company duly incorporated, validly existing and in good standing under
the laws of the Cayman Islands 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 corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement. 

  
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 B. Authorization; No Breach. 

(i) The execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company as of
the IPO Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of
general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon issuance in accordance with, and payment pursuant to, the terms of the Warrant
Agreement and this Agreement, the Private Placement Warrants will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of each Closing Date. 

(ii) The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private
Placement Warrants, the issuance of the Class A ordinary shares upon exercise of the Private Placement Warrants and the fulfillment, of and compliance with, the respective terms hereof and thereof by the Company, do not and will not as of each
Closing Date (a) conflict with or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien, security interest, charge or encumbrance upon the Company’s
share capital or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative or governmental body or
agency pursuant to, the amended and restated memorandum and articles of association of the Company (in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering), or any material law, statute, rule or
regulation to which the Company is subject, or any agreement, order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under federal or state securities laws. 

C. Title to Securities. Upon issuance in accordance with, and payment pursuant to, and registration in the register of members of the
Company, the terms hereof and the Warrant Agreement, the Class A ordinary shares issuable upon exercise of the Private Placement Warrants will be duly and validly issued, fully paid and non-assessable.
Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, and upon registration in the Company’s register of members, the Purchaser will have good title to the Private Placement Warrants purchased by
it and the Class A ordinary shares issuable upon exercise of such Private Placement Warrants, free and clear of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and under the other agreements
contemplated hereby, (ii) transfer restrictions under federal and state securities laws, and (iii) liens, claims or encumbrances imposed due to the actions of the Purchaser. 

D. Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental authority
is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation by the Company of any other transactions contemplated hereby. 

  
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 E. Regulation D Qualification. Neither the Company nor, to its actual knowledge, any
of its affiliates, members, officers, directors or beneficial shareholders of 20% or more of its outstanding securities, has experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act. 

Section 3. Representations and Warranties of the Purchaser. As a material inducement to the Company to enter into this Agreement and
issue and sell the Private Placement Warrants to the Purchaser, the Purchaser hereby represents and warrants to the Company (which representations and warranties shall survive each Closing Date) that: 

A. Organization and Requisite Authority. The Purchaser possesses all requisite power and authority necessary to carry out the
transactions contemplated by this Agreement. 
 B. Authorization; No Breach. 

(i) This Agreement constitutes a valid and binding obligation of the Purchaser, enforceable in accordance with its terms, subject to
bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or
law). 
 (ii) The execution and delivery by the Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by
the Purchaser does not and shall not as of each Closing Date (a) conflict with or result in a breach by the Purchaser of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien,
security interest, charge or encumbrance upon the Purchaser’s equity or assets under, (d) result in a violation of, or (e) require any authorization, consent, approval, exemption or other action by or notice or declaration to, or
filing with, any court or administrative or governmental body or agency pursuant to the Purchaser’s organizational documents in effect on the date hereof or as may be amended prior to completion of the contemplated Public Offering, or any
material law, statute, rule or regulation to which the Purchaser is subject, or any agreement, instrument, order, judgment or decree to which the Purchaser is subject, except for any filings required after the date hereof under federal or state
securities laws. 
 C. Investment Representations. 

(i) The Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the Class A ordinary
shares issuable upon such exercise (collectively, the “Securities”), for the Purchaser’s own account, for investment purposes only and not with a view towards, or for resale in connection with, any public sale or distribution
thereof. 
 (ii) The Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D, and the
Purchaser has not experienced a disqualifying event as enumerated pursuant to Rule 506(d) of Regulation D under the Securities Act. 

  
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 (iii) The Purchaser understands that the Securities are being offered and will be sold to it
in reliance on specific exemptions from the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth and accuracy of, and the Purchaser’s compliance with, the
representations and warranties of the Purchaser set forth herein in order to determine the availability of such exemptions and the eligibility of the Purchaser to acquire such Securities. 

(iv) The Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within the
meaning of Rule 502(c) of Regulation D under the Securities Act. 
 (v) The Purchaser has been furnished with all materials relating to the
business, finances and operations of the Company and materials relating to the offer and sale of the Securities which have been requested by the Purchaser. The Purchaser has been afforded the opportunity to ask questions of the executive officers
and directors of the Company. The Purchaser understands that its investment in the Securities involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed investment
decision with respect to the acquisition of the Securities. 
 (vi) The Purchaser understands that no United States federal or state agency
or any other government or governmental agency has passed on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by the Purchaser nor have such authorities passed upon or
endorsed the merits of the offering of the Securities. 
 (vii) The Purchaser understands that: (a) the Securities have not been and are
not being registered under the Securities Act or any state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or (2) sold in reliance on an exemption therefrom; and
(b) except as specifically set forth in the Registration Rights Agreement, neither the Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities laws or to comply with the
terms and conditions of any exemption thereunder. In this regard, the Purchaser understands that the SEC has taken the position that promoters or affiliates of a blank check company and their transferees, both before and after an initial Business
Combination, are deemed to be “underwriters” under the Securities Act when reselling the securities of a blank check company. Based on that position, Rule 144 adopted pursuant to the Securities Act would not be available for resale
transactions of the Securities despite technical compliance with the requirements of such Rule, and the Securities can be resold only through a registered offering or in reliance upon another exemption from the registration requirements of the
Securities Act. 
 (viii) The Purchaser has such knowledge and experience in financial and business matters, knowledge of the high degree of
risk associated with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and risks of an investment in the Securities and is able to bear the economic risk of an investment in
the Securities in the amount contemplated hereunder for an indefinite period of time. The Purchaser has adequate means of providing for its current financial needs and contingencies and will have no current or anticipated future needs for liquidity
which would be jeopardized by the investment in the Securities. The Purchaser can afford a complete loss of its investments in the Securities. 

  
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 (ix) The Purchaser understands that the Private Placement Warrants shall bear the legend
substantially in the form set forth in the Warrant Agreement. 
 Section 4. Conditions of the Purchaser’s Obligations. The
obligations of the Purchaser to purchase and pay for the Private Placement Warrants are subject to the fulfillment, on or before each Closing Date, of each of the following conditions: 

A. Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall be true and
correct at and as of such Closing Date as though then made. 
 B. Performance. The Company shall have performed and complied with all
agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before such Closing Date. 

C. No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any of the
transactions contemplated by this Agreement or the Warrant Agreement. 
 D. Warrant Agreement and Registration Rights Agreement. The
Company shall have entered into the Warrant Agreement, in the form of Exhibit A hereto, and the Registration Rights Agreement, in the form of Exhibit B hereto, in each case on terms satisfactory to the Purchaser. 

Section 5. Conditions of the Company’s Obligations. The obligations of the Company to the Purchaser under this Agreement are
subject to the fulfillment, on or before each Closing Date, of each of the following conditions: 
 A. Representations and Warranties.
The representations and warranties of the Purchaser contained in Section 3 shall be true and correct at and as of such Closing Date as though then made. 

B. Performance. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in this
Agreement that are required to be performed or complied with by the Purchaser on or before such Closing Date. 
 C. Corporate
Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants
hereunder. 
 D. No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have
been enacted, entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having authority over the matters contemplated hereby, which prohibits the consummation of any
of the transactions contemplated by this Agreement or the Warrant Agreement. 

  
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 E. Warrant Agreement. The Company shall have entered into the Warrant Agreement with
a warrant agent on terms satisfactory to the Company. 
 Section 6. Termination. This Agreement may be terminated at any time
after December 31, 2020 upon the election by either the Company or the Purchaser upon written notice to the other party if the closing of the Public Offering does not occur prior to such date. 

Section 7. Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive each
Closing Date. 
 Section 8. Definitions. Terms used but not otherwise defined in this Agreement shall have the meaning assigned to
such terms in the Registration Statement on Form S-1 that the Company has filed with the SEC, under the Securities Act. 

Section 9. Miscellaneous. 

A. Successors and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or
on behalf of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign
this Agreement, other than assignments by the Purchaser to affiliates thereof. 
 B. Severability. Whenever possible, each provision
of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective only to
the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement. 
 C. Counterparts. This Agreement
may be executed simultaneously in two or more counterparts, none of which need contain the signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. 

D. Descriptive Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not
constitute a substantive part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation. 

E. Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all purposes
shall be construed in accordance with the internal laws of the State of New York, without giving effect to conflicts of law principles that would result in the application of the laws of another jurisdiction. 

F. Amendments. This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument
executed by all parties hereto. 
 [Signature page follows] 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective
as of the date first set forth above. 
  

			
	COMPANY:
	
	MARQUEE RAINE ACQUISITION CORP.
		
	By:	 	  

		 	Name: Brandon Gardner
		 	Title: Co-Chairman and Director
	
	PURCHASER:
	
	 MARQUEE RAINE ACQUISITION SPONSOR

LP

	
	Acting by its general partner,
	Marquee Raine Acquisition Sponsor GP Ltd.
		
	By:	 	  

		 	Name: Brandon Gardner
		 	Title: Director

 [Signature Page to Private Placement Warrants Purchase Agreement] 

 Exhibit A 

Warrant Agreement 

  
 A-1 

 Exhibit B 

Registration Rights Agreement 

  
 B-1EX-10.10

 Exhibit 10.10 

CONFIDENTIAL 

[•], 2020 
 Marquee Raine Acquisition
Corp. 
 65 East 55th Street, 24th Floor 
 New York, NY 10022

 Attention: Joseph Beyrouty 
  

	 	Re:	 Engagement of Services 

Dear Joseph Beyrouty: 
 This will confirm the basis upon which
Marquee Raine Acquisition Corp. (“Client”) has engaged Ricketts SPAC Investment LLC (“Ricketts SPAC Investment”) to provide independent financial consulting services, consisting of a review of deal
structure and terms and related structuring advice in connection with the transaction described in paragraph 1 below (the “Engagement”). 

1. Fee. The Client proposes to offer and sell an aggregate of 32,500,000 units (the “Units”) of the Company,
consisting of one-fourth of one warrant and one Class A ordinary share and, at the option of Credit Suisse Securities (USA) LLC, as underwriter, up to an additional 4,875,000 units (the
“Optional Units”) in an initial public offering (the “Transaction”). In connection with the consummation of the initial issuance of the Units in the Transaction (the “Closing”),
the Client shall pay Ricketts SPAC Investment a fee in an amount of up to $975,000 (the “Base Fee”), which shall be payable by the Client and due to Ricketts SPAC Investment upon the Closing. If the Closing does not occur
during the Term, then no Base Fee shall be payable to Ricketts SPAC Investment. In the event that the option to purchase the Optional Units is exercised and is actually closed, the Client shall pay Ricketts SPAC Investment an additional fee of up to
$146,250 (the “Additional Fee” and, together with the Base Fee, the “Fees”) (such maximum amount of the Additional Fee to be reduced on a pro rata basis to the extent that the option to purchase the
Optional Units is not exercised in full), which shall be payable by the Client and due to Ricketts SPAC Investment upon the consummation of each issuance of the Optional Units in the Transaction (an “Optional Units Closing”).
If the Optional Units Closing does not occur during the Term, then no Additional Fee shall be payable to Ricketts SPAC Investment. The Fees described in this paragraph 1 are compensation for the Engagement, which consists of work directly related to
the Transaction. Any work that is 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 Agreement shall remain in force for a period of twelve (12) months from the date hereof, or until 45
days following the consummation of the Transaction, whichever occurs earlier, and may be extended upon mutual agreement of the parties hereto (including any renewal thereof, the “Term”). The Term may be terminated by
either Ricketts SPAC Investment or the Client at any time prior to its expiration with forty-five 

 Marquee Raine Acquisition Corp. 

[●], 2020 
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 (45) days advance written notice to the other. Expiration or termination of this Agreement shall not
affect Ricketts SPAC Investment’s right to indemnification or contribution or payment of the Fees in accordance with the terms of this Agreement. Without limiting the foregoing, notwithstanding the expiration or termination of this
Agreement, the provisions of this Agreement shall survive and remain operative in accordance with their respective terms.
 3. Scope of
Liability. None of Ricketts SPAC Investment or any of its affiliates or their respective control persons, members, managers, directors, officers, employees or agents shall have any liability (whether direct or indirect, in contract or tort or
otherwise) to the Client or to any other person for any error of judgment or for any claim, loss, damage, liability or expense suffered by the Client or any such other person in connection with, related to or arising out of the matters to which the
Engagement relates except to the extent that any such claim, loss, damage, liability or expense is found in a final non-appealable judgment to constitute willful misconduct or gross negligence on the part of
Ricketts SPAC Investment. 
 4. Indemnity and Contribution. Recognizing that transactions of the type contemplated by the Engagement
sometimes result in litigation and that Ricketts SPAC Investment’s role is limited to acting in the capacities described herein, the Client agrees to indemnify Ricketts SPAC Investment and its affiliates and their respective control persons,
members, managers, directors, officers, employees and agents (each, including Ricketts SPAC Investment, an “Indemnified Person”) to the full extent lawful against any and all claims, losses, damages, liabilities 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 that arises primarily out of or is based primarily upon any action or failure to act by any Indemnified Person, other
than an action or failure to act undertaken at the request or with the consent of the Client, that is found in a final non-appealable judgment to constitute willful misconduct or gross negligence on the part
of any Indemnified Person. 
 The Client shall be notified in writing by Ricketts SPAC Investment if any action, suit or investigation (an
“Action”) is commenced against Ricketts SPAC Investment or, so long as Ricketts SPAC Investment has actual knowledge of such Action, any other Indemnified Person, within a reasonable time after Ricketts SPAC Investment or any
other Indemnified Person shall have been served with a summons or other first legal process, but failure so to notify the Client shall not relieve the Client from any liability that it may have hereunder, except to the extent that such failure so to
notify the Client materially prejudices the Client’s rights. The Client may assume, at its own expense, the defense of any Action exercisable upon written notice to Ricketts SPAC Investment and any such Indemnified Person(s), if applicable,
within 30 days of notice by Ricketts SPAC Investment or such Indemnified Person provided pursuant to the preceding sentence and the Client will have no liability for any legal costs of such Indemnified Person subsequently incurred except as set
forth below, and such defense shall be conducted by counsel chosen by the Client and reasonably satisfactory to Ricketts SPAC Investment and such Indemnified Person(s), if applicable. The Indemnified Person shall have the right to participate

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[●], 2020 
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 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, (a) there are legal defenses available to an
Indemnified Person that are different from or additional to those available to the Client; or (b) there exists an actual 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 Agreement, or fails to diligently prosecute the defense of such Action, 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 and their affiliates shall cooperate with each other in all reasonable respects in connection with
the defense of any Action. 
 Notwithstanding any other provision of this Agreement, the Client shall not enter into settlement of any Action without the
prior written consent of the Indemnified Person except as provided in this paragraph. If a firm offer is made to settle an Action without permitting or leading to further claims, losses, damages, 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. 
 In the event that the foregoing indemnity is unavailable or insufficient to
hold such Indemnified Person(s) harmless, then the 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, the 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 Ricketts SPAC Investment. In performing the services described above, the Client agrees to furnish or cause
to be furnished to Ricketts SPAC Investment such information as Ricketts SPAC Investment reasonably believes appropriate to permit Ricketts SPAC Investment to provide the services contemplated by this Agreement to or for the Client (all such
information so furnished being the “Information”). The Client 

 Marquee Raine Acquisition Corp. 

[●], 2020 
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recognizes and confirms that Ricketts SPAC Investment (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 the Client. 
 6. Confidentiality. In the event of the consummation and public disclosure of
any Transaction, Ricketts SPAC Investment shall have the right, to disclose its participation in the Transaction by listing the client name and logo on its website and in its marketing materials. 

Except as required by law or regulation, or pursuant to order of a court of competent jurisdiction, no analysis, information or advice, whether communicated
in written, electronic, oral or other form, provided by Ricketts SPAC Investment to Client or to its Client Representatives (as such term is defined below) or its affiliates in connection with the Engagement (the “Ricketts SPAC Investment
Information”) shall be disclosed by the 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 Ricketts SPAC Investment. Except as required by law or regulation, or pursuant to order of a court of competent jurisdiction, neither party may disclose to any third party the existence or terms of
this Agreement without the prior written consent of the other party. Notwithstanding anything herein to the contrary, the fact of Ricketts SPAC Investment’s Engagement may be disclosed by the Client to its affiliates and its directors,
officers, accountants, legal advisors and employees (the “Client Representatives”) to the extent required for the exclusive purpose of the Engagement or as required by law, rule or regulation. For avoidance of doubt, Ricketts
SPAC Investment’s Engagement may be disclosed in the Client’s registration statement, preliminary prospectus, prospectus and each amendment or supplement to any of them, as filed with the Securities and Exchange Commission. The Client
shall cause and hereby represents that each of its Client Representatives to whom the Ricketts SPAC Investment Information is disclosed is legally bound to keep such Ricketts SPAC Investment Information confidential as provided by this
Section 6. The Client shall be responsible for any damages to Ricketts SPAC Investment to the extent caused by breaches of this Section 6 by any of its Client Representatives. 

Ricketts SPAC Investment agrees to keep confidential all material nonpublic information provided to it by the Client (the “Client
Information”). Notwithstanding any provision herein to the contrary, Ricketts SPAC Investment may disclose Client Information to its affiliates and their respective members, directors, officers, accountants, agents, legal advisors and
employees (the “Ricketts SPAC Investment Representatives”) to the extent required for the exclusive purpose of the Engagement. Ricketts SPAC Investment shall cause and hereby represents that each of its Ricketts SPAC
Investment Representatives to whom the Client Information is disclosed is legally bound to keep such Client Information confidential as provided by this Section 6. Ricketts SPAC Investment shall be responsible for any damages to the Client to
the extent caused by breaches of this Section 6 by any of its Ricketts SPAC Investment Representatives. 

 Marquee Raine Acquisition Corp. 

[●], 2020 
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 Ricketts SPAC Investment Information shall be considered public and not protected by this Agreement if
(a) it is or becomes generally available to the public other than as a result of a disclosure by the Client or a Client Representatives in breach of the terms of this Section 6, (b) it becomes available to the Client on a non-confidential basis from a source (other than Ricketts SPAC Investment or a Ricketts SPAC Investment Representative) not known by the Client to be under a duty of confidentiality to Ricketts SPAC Investment, or
(c) if it is already known to the Client at the time of disclosure. 
 Nothing in this Agreement shall obligate either party to refrain from disclosure
of Ricketts SPAC Investment Information or the Client Information (as the case may be, “Confidential Information”) hereunder to the extent such disclosure is required by law, regulation (including rules of any self-regulatory
organization) or judicial process or at the request of a regulatory authority (including any self-regulatory organization). 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 (including rules of any self-regulatory organization), 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 and their
respective affiliates 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 New York, New York or the Federal District Court for the Southern District of New York 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 Agreement for two (2) years after such expiration or termination. 
 7. Governing Law.
This Agreement shall be governed by, and construed in accordance with, the laws of the State of New York (including, without limitation, provisions concerning limitations of actions), without reference to the conflicts of laws rules of that or any
other jurisdiction, except that Federal law shall also apply to the extent relevant. 
 To the full extent lawful, each of the Client and Ricketts
SPAC Investment hereby consents irrevocably to the exclusive jurisdiction of the courts of the State of New York located in the Borough of Manhattan, New York as having proper subject matter jurisdiction, or the Federal District Court for the
Southern District of New York. Any suit involving any dispute or matter 

 Marquee Raine Acquisition Corp. 

[●], 2020 
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arising under this Agreement may only be brought before a judge in the courts of the State of New York located in the Borough of Manhattan, New York or the Federal District Court for the Southern
District of New York, and each of the Client and Ricketts SPAC Investment consents to the exercise of personal jurisdiction by any such court with respect to such proceeding. 

Each of the Client and Ricketts SPAC Investment hereby irrevocably waives trial by jury. 

8. Miscellaneous. 
 (a)
The parties understand that Ricketts SPAC Investment is being engaged hereunder as an independent contractor to provide the services described above solely to the Client, and that Ricketts SPAC Investment is not acting as a fiduciary of the Client,
the security holders or creditors of the Client or any other persons in connection with the Engagement. 
 (b) The Client understands and
acknowledges that Ricketts SPAC Investment and its members and affiliates (collectively, the “Ricketts SPAC Investment Group”), engage in providing a range of consulting activities and financial services to a variety of
institutions and individuals. In the ordinary course of business, the Ricketts SPAC Investment Group and certain of its members, officers and 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 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 Ricketts SPAC Investment Group may currently, and may in the future, have relationships with parties other than the Client, including parties that may have interests with respect to the
Client, the Transaction or other parties involved in the Transaction, from which conflicting interests or duties may arise. Although the Ricketts SPAC Investment Group in the course of such other activities and relationships may acquire information
about the Client, the Transaction or such other parties, the Ricketts SPAC Investment Group shall have no obligation to, and may not be contractually permitted to, disclose such information, or the fact that the Ricketts SPAC Investment Group is in
possession of such information, to the Client or to use such information on the Client’s behalf. 
 (c) This 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. 
 (d) This 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. 

 Marquee Raine Acquisition Corp. 

[●], 2020 
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 (e) Ricketts SPAC Investment agrees that it shall have no right, title, interest or claim of
any kind (each, a “Claim”) in or to any monies held in the trust account established in connection with the Client’s initial public offering for the benefit of the Client and holders of shares issued in such offering,
and hereby waives any Claim it may have in the future as a result of, or arising out of, any services provided to the Client and will not seek recourse against such trust account for any reason whatsoever. 

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

			
	Very truly yours,
	
	Ricketts SPAC Investment LLC
		
	By:	 	 
		 	Name:
		 	Title:

  

			
	 Acknowledged and Agreed on
 this
____ day of ________, 2020:

	
	Marquee Raine Acquisition Corp.
		
	By:	 	 
		 	Name:
		 	Title:

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