Document:

Exhibit 10.1

  

[__________], 2020

 

Seven Oaks Acquisition Corp.

445 Park Avenue, 17th Floor

New York, NY 10022

 

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 Seven Oaks Acquisition Corp., a Delaware corporation (the “Company”),
and JonesTrading Institutional Services LLC, as representative (the “Representative”) of the several
underwriters (each, an “Underwriter” and collectively, the “Underwriters”),
relating to an underwritten initial public offering (the “Public Offering”) of up
to 23,000,000 of the Company’s units (including up to 3,000,000 units that may be purchased to cover over-allotments, if
any) (the “Units”), each comprised of one share of the Company’s Class A common stock, par
value $0.0001 per share (the “Class A Common Stock”), and one-half of one redeemable warrant. Each
whole warrant (each, a “Public Warrant”) entitles the holder thereof to purchase one share of Class A
Common Stock at a price of $11.50 per share, subject to adjustment as described in the Prospectus (as defined below). The Units
will be sold in the Public Offering pursuant to a registration statement on Form S-1 and prospectus (the “Prospectus”)
filed by the Company with the U.S. Securities and Exchange Commission (the “Commission”) and the Company
has applied to have the Units listed on the New York Stock Exchange.

 

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, each of Seven Oaks Sponsor LLC,
a Delaware limited liability company (the “Sponsor”), Jones & Associates, Inc., a California
corporation (“Jones”), and the undersigned individuals, each of whom is a member of the Company’s
board of directors and/or management team (each of Jones and the undersigned individuals, an “Insider”
and collectively, the “Insiders”), hereby agrees with the Company as follows:

 

		1.	As used herein: (i) “Business
                                         Combination” shall mean a merger, capital stock exchange, asset acquisition,
                                         stock purchase, reorganization or similar business combination, involving the Company
                                         and one or more businesses; (ii) “Charter” shall mean
                                         the Company’s amended and restated certificate of incorporation, as it may be amended
                                         from time to time; (iii) “Common Stock” shall mean the
                                         Class A Common Stock and Class B common stock, par value $0.0001 per share
                                         (“Class B Common Stock”); (iv) “Founder
                                         Shares” shall mean the 5,750,000 shares of Class B Common Stock issued
                                         and outstanding (up to 750,000 shares of which are subject to complete or partial forfeiture
                                         if the over-allotment option is not exercised by the Underwriters); (v) “Initial
                                         Stockholders” shall mean the Sponsor and any Insider that holds Founder
                                         Shares; (vi) “Private Placement Warrants” shall mean the
                                         5,000,000 warrants (or 5,300,000 warrants if the over-allotment option is exercised in
                                         full) that the Sponsor has agreed to purchase for an aggregate purchase price of $5,000,000
                                         (or $5,300,000 if the over-allotment option is exercised in full), or $1.00 per warrant,
                                         in a private placement that shall occur simultaneously with the consummation of the Public
                                         Offering; (vii) “Public Stockholders” shall mean the holders
                                         of securities issued in the Public Offering; (viii) “Transfer”
                                         shall mean the (a) 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 Exchange Act, and the rules and regulations of the Commission
                                         promulgated thereunder with respect to, any security, (b) 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 (c) public announcement
                                         of any intention to effect any transaction specified in clause (a) or (b); (ix) “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;
                                         and (x) “Warrants” shall mean the Private Placement Warrants
                                         and Public Warrants.

 

    

     

    

 

		2.	Each of the Sponsor and each Insider
                                         agrees that if the Company seeks stockholder approval of a proposed Business Combination,
                                         then in connection with such proposed Business Combination, it, he or she shall (i) vote
                                         any shares of Common Stock owned by it, him or her in favor of any proposed Business
                                         Combination and (ii) not redeem any shares of Common Stock owned by it, him or her
                                         in connection with such stockholder approval. If the Company seeks to consummate a proposed
                                         Business Combination by engaging in a tender offer, each of the Sponsor and each Insider
                                         agrees that it, he or she will not sell or tender any shares of Common Stock owned by
                                         it, him or her in connection therewith.

 

		3.	Each of the Sponsor and each Insider
                                         hereby agrees that in the event that the Company fails to consummate a Business Combination
                                         within 24 months from the closing of the Public Offering, or such later period approved
                                         by the Company’s stockholders in accordance with 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 ten business days thereafter, redeem 100% of the shares of Class A
                                         Common Stock sold as part of the Units in the Public Offering (the “Offering
                                         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 its taxes (less
                                         up to $100,000 of interest to pay dissolution expenses), divided by the number of then
                                         outstanding Offering Shares, which redemption will completely extinguish all Public Stockholders’
                                         rights as stockholders (including the right to receive further liquidating distributions,
                                         if any), and (iii) as promptly as reasonably possible following such redemption,
                                         subject to the approval of the Company’s remaining stockholders and the Company’s
                                         board of directors, liquidate and dissolve, subject in each case to the Company’s
                                         obligations under Delaware law to provide for claims of creditors and other requirements
                                         of applicable law. Each of the Sponsor and each Insider agrees to not propose any amendment
                                         to the Charter to modify the substance or timing of the Company’s obligation to
                                         redeem 100% of the Offering Shares if the Company does not complete a Business Combination
                                         within the required time period set forth in the Charter or with respect to any other
                                         material provisions relating to stockholders’ rights or pre-initial business combination
                                         activity, unless the Company provides its Public Stockholders with the opportunity to
                                         redeem their Offering 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 its taxes, divided by the number of then outstanding Offering Shares.

 

Each of the Sponsor and each Insider
acknowledges that it, he or she 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 held by it,
him or her. Each of the Sponsor and each Insider hereby further waives, with respect to any shares of Common Stock held by it,
him or her, if any, any redemption rights it, he or she may have in connection with (A) the consummation of a Business Combination,
including, without limitation, any such rights available in the context of a stockholder vote to approve such Business Combination,
or (B) a stockholder vote to approve an amendment to the Charter to modify the substance or timing of the Company’s
obligation to redeem 100% of the Offering Shares if the Company has not consummated a Business Combination within the time period
set forth in the Charter or with respect to any other material provisions relating to stockholders’ rights or pre-initial
business combination activity or in the context of a tender offer made by the Company to purchase Offering Shares (although the
Sponsor, the Insiders and their respective affiliates shall be entitled to redemption and liquidation rights with respect to any
Offering Shares it or they hold if the Company fails to consummate a Business Combination within the time period set forth in
the Charter).

 

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		4.	During the period commencing on
                                         the effective date of the Underwriting Agreement and ending 180 days after such date,
                                         each of the Sponsor, Jones, and each Insider shall not, without the prior written consent
                                         of the Representative, (i) sell, offer to sell, contract or agree to sell, hypothecate,
                                         pledge, grant any option to purchase or otherwise dispose of or agree to dispose of,
                                         directly or indirectly, or establish or increase a put equivalent position or liquidate
                                         or decrease a call equivalent position within the meaning of Section 16 of the Securities
                                         Exchange Act of 1934, as amended (the “Exchange Act”), and
                                         the rules and regulations of the Commission promulgated thereunder, with respect
                                         to, any Units, shares of Common Stock (including, but not limited to, Founder Shares),
                                         Warrants or any securities convertible into, or exercisable, or exchangeable for, shares
                                         of Common Stock owned by it, him or her, (ii) enter into any swap or other arrangement
                                         that transfers to another, in whole or in part, any of the economic consequences of ownership
                                         of any Units, shares of Common Stock (including, but not limited to, Founder Shares),
                                         Warrants or any securities convertible into, or exercisable, or exchangeable for, shares
                                         of Common Stock owned by it, him or her, whether any such transaction is to be settled
                                         by delivery of such securities, in cash or otherwise, or (iii) publicly announce
                                         any intention to effect any transaction specified in clause (i) or (ii). The provisions
                                         of this paragraph will not apply to any transfer permitted under paragraph 8(c) hereof
                                         or if the release or waiver is effected solely to permit a transfer not for consideration
                                         and the transferee has agreed in writing to be bound by the same terms described in this
                                         Letter Agreement to the extent and for the duration that such terms remain in effect
                                         at the time of the transfer.

 

		5.	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 (i) any third party for services rendered or products
                                         sold to the Company (other than the Company’s independent registered public accounting
                                         firm) or (ii) any prospective target business with which the Company has entered
                                         into a written letter of intent, confidentiality or other similar agreement or Business
                                         Combination 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 or a Target do not
                                         reduce the amount of funds in the Trust Account to below the lesser of (i) $10.00
                                         per Offering Share and (ii) the actual amount per Offering Share held in the Trust
                                         Account as of the date of the liquidation of the Trust Account, if less than $10.00 per
                                         Offering Share is then held in the Trust Account due to reductions in the value of the
                                         trust assets, less taxes payable, (y) shall not apply to any claims by a third party
                                         or a Target which 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 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.

 

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		6.	To the extent that the Underwriters
                                         do not exercise their over-allotment option to purchase up to an additional 3,000,000
                                         Units within 45 days from the date of the Prospectus (and as further described in the
                                         Prospectus), (x) the Sponsor agrees to forfeit, at no cost, a number of Founder
                                         Shares in the aggregate equal to 615,000 multiplied by a fraction, (i) the numerator
                                         of which is 3,000,000 minus the number of Units purchased by the Underwriters upon the
                                         exercise of their over-allotment option, and (ii) the denominator of which is 3,000,000
                                         and (y) Jones agrees to forfeit, at no cost, a number of Founder Shares in the aggregate
                                         equal to 135,000 multiplied by a fraction, (i) the numerator of which is 3,000,000
                                         minus the number of Units purchased by the Underwriters upon the exercise of their over-allotment
                                         option, and (ii) the denominator of which is 3,000,000. The forfeiture will be adjusted
                                         to the extent that the over-allotment option is not exercised in full by the Underwriters
                                         so that the Founder Shares will represent an aggregate of 20.0% of the Company’s
                                         issued and outstanding shares of Common Stock after the Public Offering (not including
                                         shares of Class A Common Stock underlying the Public Warrants or Private Placement
                                         Warrants). The Sponsor and Jones further agree that to the extent that the size of the
                                         Public Offering is increased or decreased, the Company will effect a stock dividend,
                                         share contribution back to capital or other appropriate mechanism, as applicable, immediately
                                         prior to the consummation of the Public Offering in such amount as to maintain the ownership
                                         of the initial stockholders prior to the Public Offering at 20.0% of its issued and outstanding
                                         shares of Common Stock upon the consummation of the Public Offering. In connection with
                                         such increase or decrease in the size of the Public Offering, then (A) the references
                                         to 3,000,000 in the numerator and denominator of the formula in the first sentence of
                                         this paragraph shall be changed to a number equal to 15% of the number of Public Shares
                                         included in the Units issued in the Public Offering and (B) the references to 615,000
                                         and 135,000 in the formula set forth in the first sentence of this paragraph shall be
                                         adjusted to, respectively, the total number of Founder Shares that the Sponsor would
                                         have to surrender to the Company in order for the number of Founder Shares that the Sponsor
                                         owns to equal an aggregate of 16.4% of the Company’s issued and outstanding shares
                                         of Common Stock after the Public Offering (not including shares of Class A Common
                                         Stock underlying the Public Warrants or Private Placement Warrants) and the total number
                                         of Founder Shares that Jones would have to surrender to the Company in order for the
                                         number of Founder Shares that Jones owns to equal an aggregate of 3.6% of the Company’s
                                         issued and outstanding shares of Common Stock after the Public Offering (not including
                                         shares of Class A Common Stock underlying the Public Warrants or Private Placement
                                         Warrants).

 

		7.	The Sponsor and each Insider hereby
                                         agrees and acknowledges that: (i) the Underwriters and the Company would be irreparably
                                         injured in the event of a breach by such Sponsor or an Insider of its, his or her obligations
                                         under paragraphs 2, 3, 4, 5, 6, 8(a), and 8(b), as applicable, of this Letter Agreement
                                         (ii) monetary damages may not be an adequate remedy for such breach and (iii) 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.

 

		8.	(a)           The
                                         Sponsor and each Insider agrees that it, he or she shall not Transfer any Founder Shares
                                         (or any shares of Class A Common Stock issuable upon conversion thereof) until the
                                         earlier of (A) one year after the completion of the Company’s initial Business
                                         Combination and (B) subsequent to the Business Combination, (x) if the closing
                                         price of the Class A Common Stock equals or exceeds $12.00 per share (as adjusted
                                         for stock splits, stock dividends, reorganizations, recapitalizations and the like) for
                                         any 20 trading days within any 30-trading day period commencing at least 150 days after
                                         the Company’s initial Business Combination or (y) the date on which the Company
                                         completes a liquidation, merger, capital stock exchange, reorganization or other similar
                                         transaction that results in all of the Company’s stockholders having the right
                                         to exchange their shares of Class A Common Stock for cash, securities or other property
                                         (the “Founder Shares Lock-up Period”).

 

(b)           The
Sponsor and each Insider agrees that it, he or she shall not Transfer any Private Placement Warrants (or any share of Class A
Common Stock issued or issuable upon the exercise of the Private Placement Warrants), until 30 days after the completion of a
Business Combination (the “Private Placement Warrants Lock-up Period”, together with the Founder Shares
Lock-up Period, the “Lock-up Periods”).

 

(c)            Notwithstanding
the provisions set forth in paragraphs 8(a) and (b), Transfers of the Founder Shares, Private Placement Warrants and shares
of Class A Common Stock issued or issuable upon the exercise or conversion of the Private Placement Warrants or the Founder
Shares that are held by the Sponsor, any Insider or any of their permitted transferees (that have complied with this paragraph
8(c)), are permitted (a) to the Company’s officers or directors, any affiliate or family member of any of the Company’s
officers or directors, any affiliate of the Sponsor or Jones, or to any members or partners of the Sponsor, Jones or any of their
respective affiliates; (b) in the case of an individual, by gift to a member of such individual’s immediate family
or to a trust, the beneficiary of which is a member of such individual’s immediate family, an affiliate of such individual
or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death
of such individual; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private
sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation
of an initial Business Combination at prices no greater than the price at which the securities were originally purchased; (f) in
the event of the Company’s liquidation prior to the completion of an initial Business Combination; (g) by virtue of
the laws of the State of Delaware or the Sponsor’s organizational documents upon liquidation or dissolution of the Sponsor;
or (h) in the event of the Company’s liquidation, merger, capital stock exchange or other similar transaction which
results in all of the Company’s stockholders having the right to exchange their shares of Class A Common Stock for
cash, securities or other property subsequent to the Company’s completion of an initial Business Combination; provided,
however, that in the case of clauses (a) through (e) or (g), these permitted transferees must enter into a written
agreement with the Company agreeing to be bound by the transfer restrictions herein and the other restrictions contained in this
Letter Agreement (including provisions relating to voting, the Trust Account and liquidating distributions).

 

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		9.	Each of the Sponsor and each Insider
                                         represents and warrants that it, he or she 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. Each Insider’s
                                         biographical information furnished to the Company (including any such information included
                                         in the Prospectus) is true and accurate in all respects and does not omit any material
                                         information with respect to the Insider’s background. Each Insider’s questionnaire
                                         furnished to the Company is true and accurate in all material respects. Each of the Sponsor
                                         and each Insider represents and warrants that: it, he or she 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; it, he or she 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 it, he or she is not currently a defendant in any such criminal proceeding.

 

		10.	Except as disclosed in the Prospectus,
                                         neither the Sponsor, Jones, nor any of their respective officers, nor any of their respective
                                         affiliates or any officer, nor any director of the Company, shall receive from the Company
                                         any finder’s fee, reimbursement, consulting fee, non-cash payments, monies in respect
                                         of any repayment 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), other than the
                                         following, none of which will be made from the proceeds held in the Trust Account prior
                                         to the completion of the initial Business Combination: repayment of a loan and advances
                                         up to an aggregate of $300,000 made to the Company by the Sponsor; payments to an affiliate
                                         of the Sponsor for certain office space, secretarial and administrative services as may
                                         be reasonably required by the Company of $20,000 per month; reimbursement for any reasonable
                                         out-of-pocket expenses related to identifying, investigating, negotiating and completing
                                         an initial Business Combination, and repayment of loans, if any, and on such terms as
                                         to be determined by the Company from time to time, made by the Sponsor or an affiliate
                                         of the Sponsor or any of the Company’s officers or directors to finance transaction
                                         costs in connection with an intended initial Business Combination, provided that, if
                                         the Company does not consummate an initial Business Combination, a portion of the working
                                         capital held outside the Trust Account may be used by the Company to repay such loaned
                                         amounts so long as no proceeds from the Trust Account are used for such repayment. Up
                                         to $1,500,000 of such loans may be convertible into warrants at a price of $1.00 per
                                         warrant at the option of the lender. Such warrants would be identical to the Private
                                         Placement Warrants, including as to exercise price, exercisability and exercise period.

 

		11.	Each of the Sponsor and each Insider
                                         has full right and power, without violating any agreement to which it 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 and/or director on the board of directors of the Company and hereby consents
                                         to being named in the Prospectus as an officer and/or director of the Company.

 

		12.	The Company will maintain an insurance
                                         policy or policies providing directors’ and officers’ liability insurance,
                                         and each Director 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.

 

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		13.	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 all
                                         parties hereto.

 

		14.	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 and each Insider and their respective successors, heirs and assigns
                                         and permitted transferees.

 

		15.	Nothing in this Letter Agreement
                                         shall be construed to confer upon, or give to, any person or corporation other than the
                                         parties hereto any right, remedy or claim under or by reason of this Letter Agreement
                                         or of any covenant, condition, stipulation, promise or agreement hereof. All covenants,
                                         conditions, stipulations, promises and agreements contained in this Letter Agreement
                                         shall be for the sole and exclusive benefit of the parties hereto and their successors,
                                         heirs, personal representatives and assigns and permitted transferees.

 

		16.	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.

 

		17.	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.

 

		18.	This Letter Agreement shall be
                                         governed by and construed and enforced in accordance with the laws of the State of New
                                         York. The parties hereto (i) 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 (ii) waive
                                         any objection to such exclusive jurisdiction and venue or that such courts represent
                                         an inconvenient forum.

 

		19.	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 transmission.

 

		20.	This Letter Agreement shall terminate
                                         on the earlier of (i) the expiration of the Lock-up Periods and (ii) the liquidation
                                         of the Company; provided, however, that this Letter Agreement shall earlier terminate
                                         in the event that the Public Offering is not consummated and closed by March 31,
                                         2021; provided further that paragraph 5 of this Letter Agreement shall survive such liquidation.

 

[Signature Page Follows]

 

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	 	Sincerely,
	 	 
	 	SEVEN OAKS SPONSOR LLC
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name: Gary S. Matthews
	 	 	Title:   Manager
	 	 	 
	 	 	 
	 	Jones & associates, Inc.
	 	 	 
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
		 
	 	Gary S. Matthews
	 	 
	 	 
	 	Andrew C. Pearson
	 	 
	 	 
	 	David S. Harris
	 	 
	 	 
	 	Randolph K. Tucker
	 	 
	 	 
	 	Mark Hauser
	 	 
	 	 
	 	Eileen Serra
	 	 
	 	 
	 	Regynald Washington
	 	 
	 	 
	 	[        ]

 

	Acknowledged and Agreed:	 
	 	 
	SEVEN OAKS ACQUISITION CORP.	 
	 	 
	 	 
	By:		 
	 	Name: Gary S. Matthews	 
	 	Title:   Chief Executive Officer	 

 

[Signature Page to Letter Agreement]Exhibit 10.2

 

INVESTMENT MANAGEMENT TRUST AGREEMENT

 

This Investment Management
Trust Agreement (this “Agreement”) is made effective as of [______], 2020 by and between Seven Oaks Acquisition
Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust Company,
a New York corporation (the “Trustee”).

 

WHEREAS, the Company’s
registration statement on Form S-1, File No. 333-251062 (the “Registration Statement”) and
prospectus (the “Prospectus”) for its initial public offering (the “Offering”)
of the Company’s units (the “Units”), each of which consists of one share of the Company’s
Class A common stock, par value $0.0001 per share (the “Common Stock”), and one-half of one redeemable
warrant, each whole warrant entitling the holder thereof to purchase one share of Common Stock, has been declared effective as
of the date hereof by the U.S. Securities and Exchange Commission; and

 

WHEREAS, the Company
has entered into an Underwriting Agreement (the “Underwriting Agreement”) with JonesTrading Institutional
Services LLC, as representative (the “Representative”) of the several underwriters (the “Underwriters”)
named therein; and

 

WHEREAS, as described
in the Prospectus, $200,000,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined in
the Underwriting Agreement) (or $230,000,000 if the Underwriters’ over-allotment option is exercised in full) will be delivered
to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust
Account”) for the benefit of the Company and the holders of shares of the Common Stock included in the Units issued
in the Offering as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon)
is referred to herein as the “Property,” the stockholders for whose benefit the Trustee shall
hold the Property will be referred to as the “Public Stockholders,” and the Public Stockholders and the
Company will be referred to together as the “Beneficiaries”);

 

WHEREAS, the Company
has entered into that certain business combination marketing agreement, dated as of [___], 2020, with the Representative, pursuant
to which the Company will pay the Representative a cash fee (the “Marketing Fee”) for certain advisory
services upon the consummation of the initial Business Combination (as defined below) in an amount equal to, in the aggregate,
3.5% of the gross proceeds of the Offering, including any proceeds from the full or partial exercise of the over-allotment option;
and

 

WHEREAS, the Company
and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall hold
the Property.

 

NOW THEREFORE, IT
IS AGREED:

 

1.            Agreements
and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)            Hold
the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by
the Trustee in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated
assets of $100 billion or more) in the United States, maintained by the Trustee and at a brokerage institution selected by the
Trustee that is reasonably satisfactory to the Company;

 

(b)            Manage,
supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)            In
a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of
185 days or less, or in money market funds meeting the conditions of paragraphs (d)(1), (d)(2), (d)(3) and (d)(4) of
Rule 2a-7 promulgated under the Investment Company Act of 1940, as amended (or any successor rule), which invest only in direct
U.S. government treasury obligations, as determined by the Company; it being understood that the Trust Account will earn no interest
while account funds are uninvested awaiting the Company’s instructions hereunder and the Trustee may earn bank credits or
other consideration;

 

(d)            Collect
and receive, when due, all principal, interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)            Promptly
notify the Company and the Representative of all communications received by the Trustee with respect to any Property requiring
action by the Company;

 

(f)             Supply
any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s
preparation of the tax returns relating to assets held in the Trust Account or in connection with the preparation or completion
of the audit of the Company’s financial statements by the Company’s auditors;

 

(g)            Participate
in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)            Render
to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and disbursements
of the Trust Account;

 

(i)            Commence
liquidation of the Trust Account only after and promptly after (x) receipt of, and only in accordance with, the terms of a
letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto
as either Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by its Chief Executive
Officer, Chief Financial Officer, Chief Operating Officer or Chairman of the board of directors of the Company (the “Board”)
or other authorized officer of the Company, and, in the case of Exhibit A, acknowledged and agreed to by the Representative,
and complete the liquidation of the Trust Account and distribute the Property in the Trust Account, including interest earned on
the funds held in the Trust Account and not previously released to the Company to pay its taxes (less up to $100,000 of interest
to pay dissolution expenses), only as directed in the Termination Letter and the other documents referred to therein, or (y) upon
the date which is, the later of (1) 24 months after the closing of the Offering and (2) such later date as may be approved
by the Company’s stockholders in accordance with the Company’s amended and restated certificate of incorporation if
a Termination Letter has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated
in accordance with the procedures set forth in the Termination Letter attached as Exhibit B and the Property in the
Trust Account, including interest earned on the funds held in the Trust Account and not previously released to the Company to pay
its taxes (less up to $100,000 of interest to pay dissolution expenses), shall be distributed to the Public Stockholders of record
as of such date;

 

(j)            Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit C (a “Tax Payment Withdrawal Instruction”), withdraw from the Trust Account and
distribute to the Company the amount of interest earned on the Property requested by the Company to cover any tax obligation owed
by the Company as a result of assets of the Company or interest or other income earned on the Property, which amount shall be delivered
directly to the Company by electronic funds transfer or other method of prompt payment, and the Company shall forward such payment
to the relevant taxing authority, so long as there is no reduction in the principal amount per share initially deposited in the
Trust Account; provided, however, that to the extent there is not sufficient cash in the Trust Account to pay such
tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated by the Company in writing
to make such distribution (it being acknowledged and agreed that any such amount in excess of interest income earned on the Property
shall not be payable from the Trust Account). The written request of the Company referenced above shall constitute presumptive
evidence that the Company is entitled to said funds, and the Trustee shall have no responsibility to look beyond said request;

 

(k)            Upon
written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto
as Exhibit D (a “Stockholder Redemption Withdrawal Instruction”), the Trustee shall distribute
on behalf of the Company the amount requested by the Company to be used to redeem shares of Common Stock from Public Stockholders
properly submitted in connection with a stockholder vote to approve an amendment to the Company’s amended and restated certificate
of incorporation to modify the substance or timing of the Company’s obligation to redeem 100% of shares of Common Stock included
in the Units sold in the Offering (the “public shares”) if the Company has not consummated an initial
Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation
or with respect to any other material provisions relating to stockholders’ rights or pre-initial Business Combination activity.
The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to distribute
said funds, and the Trustee shall have no responsibility to look beyond said request; and

 

(l)             Not
make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j) or
(k) above.

 

    2

     

    

 

2.            Agreements
and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)            Give
all instructions to the Trustee hereunder in writing, signed by the Company’s Chairman of the Board, Chief Executive Officer,
Chief Financial Officer or Chief Operating Officer. In addition, except with respect to its duties under Sections 1(i),
1(j) and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected in relying on, any
verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by any one of
the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions in
writing;

 

(b)            Subject
to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all documented expenses,
including reasonable outside counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken
by it hereunder and in connection with any action, suit or other proceeding brought against the Trustee involving any claim, or
in connection with any claim or demand, which in any way arises out of or relates to this Agreement, the services of the Trustee
hereunder, or the Property or any interest earned on the Property, except for expenses and losses resulting from the Trustee’s
gross negligence, fraud or willful misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement
of any action, suit or proceeding, pursuant to which the Trustee intends to seek indemnification under this Section 2(b),
it shall notify the Company in writing of such claim (hereinafter referred to as the “Indemnified Claim”).
The Trustee shall have the right to conduct and manage the defense against such Indemnified Claim; provided that
the Trustee shall obtain the consent of the Company with respect to the selection of counsel, which consent shall not be unreasonably
withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written consent of the Company, which such
consent shall not be unreasonably withheld. The Company may participate in such action with its own counsel;

 

(c)            Pay
the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee, and
transaction processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood
that the Property shall not be used to pay such fees unless and until it is distributed to the Company pursuant to Sections
1(i) through 1(j) hereof. The Company shall pay the Trustee the initial acceptance fee and the first annual
administration fee at the consummation of the Offering. The Trustee shall refund to the Company the annual administration fee (on
a pro rata basis) with respect to any period after the liquidation of the Trust Account. The Company shall not be responsible for
any other fees or charges of the Trustee except as set forth in this Section 2(c), Schedule A and as may
be provided in Section 2(b) hereof;

 

(d)            In
connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder
meeting verifying the vote of such stockholders regarding such Business Combination;

 

(e)            Provide
the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with
respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)             Unless
otherwise agreed between the Company and the Representative, ensure that any Instruction Letter (as defined in Exhibit A)
delivered in connection with a Termination Letter in the form of Exhibit A expressly provides that the Marketing Fee
is paid directly to the account or accounts directed by the Representative on behalf of the Underwriters prior to any transfer
of the funds held in the Trust Account to the Company or any other person;

 

    3

     

    

 

(g)            Instruct
the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee
to make any distributions that are not permitted under this Agreement; and

 

(h)            Within
four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion thereof) or such
over-allotment option expires, provide the Trustee with a notice in writing of the total amount of the Marketing Fee, which shall
in no event be less than $7,000,000 (or $8,050,000 if the Underwriters’ over-allotment option is exercised in full).

 

3.             Limitations
of Liability. The Trustee shall have no responsibility or liability to:

 

(a)            Imply
obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this
Agreement and that which is expressly set forth herein;

 

(b)            Take
any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no
liability to any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;

 

(c)            Institute
any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding of
any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided
herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

(d)            Refund
any depreciation in principal of any Property;

 

(e)            Assume
that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)            The
other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted,
in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct.
The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice
of counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument,
report or other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also
as to the truth and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable
care, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice
or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced
by a written instrument delivered to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee
are affected, unless it shall give its prior written consent thereto;

 

(g)            Verify
the accuracy of the information contained in the Registration Statement;

 

(h)            Provide
any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement;

 

(i)            File
information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written
statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

 

(j)            Prepare,
execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities
relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not
limited to, tax obligations, except pursuant to Section 1(j) hereof; or

 

    4

     

    

 

(k)            Verify
calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i),
1(j) or 1(k) hereof.

 

4.            Trust
Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account
that it may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including,
without limitation, under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue
such Claim solely against the Company and its assets outside the Trust Account and not against the Property or any monies in the
Trust Account.

 

5.            Termination.
This Agreement shall terminate as follows:

 

(a)            If
the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee, during which time the Trustee shall continue to act in accordance with this Agreement. At
such time that the Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become
subject to the terms of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee,
including but not limited to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this
Agreement shall terminate; provided, however, that in the event that the Company does not locate a successor
trustee within ninety (90) days of receipt of the resignation notice from the Trustee, the Trustee may submit an application to
have the Property deposited with any court in the State of New York or with the United States District Court for the Southern District
of New York and upon such deposit, the Trustee shall be immune from any liability whatsoever; or

 

(b)            At
such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions
of Section 1(i) hereof and distributed the Property in accordance with the provisions of the Termination Letter,
this Agreement shall terminate except with respect to Section 2(b).

 

6.            Miscellaneous.

 

(a)            The
Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating
to such security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe
unauthorized persons may have obtained access to such confidential information, or of any change in its authorized personnel. In
executing funds transfers, the Trustee shall rely upon all information supplied to it by the Company, including, account names,
account numbers, and all other identifying information relating to a Beneficiary, Beneficiary’s bank or intermediary bank.
Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee shall not
be liable for any loss, liability or expense resulting from any error in the information or transmission of the funds.

 

(b)            This
Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York. This Agreement
may be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall
constitute but one instrument.

 

(c)            This
Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Subject
to Section 6(d) hereof, this Agreement or any provision hereof may only be changed, amended or modified (other than to
correct a typographical error) by a writing signed by each of the parties hereto.

 

    5

     

    

 

(d)            This
Agreement or any provision hereof may only be changed, amended or modified pursuant to Section 6(c) hereof with the Consent
of the Stockholders. For purposes of this Section 6(d), the “Consent of the Stockholders” means receipt by the
Trustee of a certificate from the inspector of elections of the stockholder meeting certifying that the Company’s stockholders
of record as of a record date established in accordance with Section 213(a) of the Delaware General Corporation Law,
as amended (“DGCL”) (or any successor rule), who hold sixty-five percent (65%) or more of all then outstanding shares
of the Common Stock and Class B common stock, par value $0.0001 per share, of the Company voting together as a single class,
have voted in favor of such change, amendment or modification. No such amendment will affect any Public Stockholder who has otherwise
indicated his election to redeem his shares of Common Stock in connection with a stockholder vote sought to amend this Agreement
to modify the substance or timing of the Company’s obligation to redeem 100% of the Common Stock if the Company does not
complete its initial Business Combination within the time frame specified in the Company’s amended and restated certificate
of incorporation. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the
Trustee may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all
liability to any party for executing the proposed amendment in reliance thereon.

 

(e)            The
parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New
York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS
AGREEMENT, EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

(f)            Any
notice, consent or request to be given in connection with any of the terms or provisions of this 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 by electronic mail:

 

	 	if to the Trustee, to:
	 	 
	 	Continental Stock Transfer & Trust Company
	 	1 State Street, 30th Floor
	 	New York, NY 10004
	 	Attn: Francis Wolf & Celeste Gonzalez
	 	
        Email: fwolf@continentalstock.com

        Email: cgonzalez@continentalstock.com

	 	 
	 	if to the Company, to:
	 	 
	 	
        Seven Oaks Acquisition Corp.

445 Park Avenue, 17th Floor

New York, NY 10022

	 	
        Attn: Gary S. Matthews

Email: gary@sevenoaksacquisition.com

	 	 
	 	in each case, with copies to:
	 	 
	 	Winston & Strawn LLP
	 	200 Park Avenue
	 	New York, NY 10166
	 	Attn: David A. Sakowitz
	 	Email: dsakowitz@winston.com
	 	 
	 	and
	 	 
	 	
        JonesTrading Institutional Services LLC

        757 3rd Avenue, 23rd
        Floor

        New York, NY 10017

        Attn:

	 	 
	 	and
	 	 
	 	
        Ellenoff Grossman & Schole
LLP

1345 Avenue of the Americas

New York, NY 10105

Attn.: Stuart Neuhauser

Email: sneuhauser@egsllp.com

 

    6

     

    

 

(g)           Each
of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it
shall not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds
in the Trust Account under any circumstance.

 

(h)           This
Agreement is the joint product of the Trustee 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.

 

(i)            This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(j)            Each
of the Company and the Trustee hereby acknowledges and agrees that the Representative on behalf of the Underwriters are third-party
beneficiaries of this Agreement.

 

(k)           Except
as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity.

 

[Signature Page Follows]

 

    7

     

    

 

IN WITNESS WHEREOF,
the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	SEVEN OAKS ACQUISITION CORP.
	 	 
	 	By:	 
	 	 	Name:	Gary S. Matthews
	 	 	Title:	Chief Executive Officer

 

[Signature
Page to Investment Management Trust Agreement]

 

    

     

    

 

SCHEDULE A

 
	Fee Item	 	Time and method
    of payment	 	 Amount
	Initial set-up fee	 	Initial closing of Offering by wire transfer	 	 $	3,500.00
	Trustee administration fee	 	Payable annually. First year fee payable, at initial closing of
    Offering by wire transfer, thereafter by wire transfer or check	 	 $	10,000.00
	Transaction processing fee for disbursements
    to Company under Sections 1 and 2	 	Billed to Company following disbursement made
    to Company under Section 1 and 2	 	 $	250.00
	Paying Agent services as required pursuant
    to Section 1(i) and 1(k)	 	Billed to Company upon delivery of service
    pursuant to Section 1(i) and 1(k)	 	 	Prevailing
                                         rates

  

    

     

    

 

EXHIBIT A

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer &
Trust Company 

1 State Street, 30th Floor 

New York, New York 10004

 

Attn: Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between Seven Oaks Acquisition Corp. (the “Company”) and Continental
Stock Transfer & Trust Company (“Trustee”), dated as of __________, 2020 (the “Trust
Agreement”), this is to advise you that the Company has entered into an agreement with ___________ (the “Target
Business”) to consummate a business combination with Target Business (the “Business Combination”)
on or about [insert date]. The Company shall notify you at least seventy-two (72) hours in advance of the actual date
(or such shorter period as you may agree) of the consummation of the Business Combination (the “Consummation Date”).
Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with
the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account and to
transfer the proceeds to a segregated account held by you on behalf of the beneficiaries to the effect that, on the Consummation
Date, all of the funds held in the Trust Account at J.P. Morgan Chase Bank, N.A. will be immediately available for transfer to
the account or accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representative
on behalf of the Underwriters (with respect to the Marketing Fee)).

 

On the Consummation
Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated,
or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”),
and (ii) the Company shall deliver to you (a) a certificate by the Chief Executive Officer, Chief Financial Officer or
Chairman, which verifies that the Business Combination has been approved by a vote of the Company’s stockholders, if a vote
is held and (b) a joint written instruction signed by the Company and the Representative with respect to the transfer of the
funds held in the Trust Account, including payment of amounts owed to public stockholders who have properly exercised their redemption
rights and payment of the Marketing Fee directly to the account or accounts directed by the Representative from the Trust Account
(the “Instruction Letter”). You are hereby directed and authorized to transfer the funds held in the
Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms of the
Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date
without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds,
net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under
the Trust Agreement shall be terminated.

 

In the event that the
Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified you on
or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions from
the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement
on the business day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible.

 

    

     

    

 

	 	Very truly yours,
	 	 
	 	Seven Oaks Acquisition Corp.
	 	 
	 	By:	 
	 	 	Name:	         
	 	 	Title:	 

 

	Agreed and acknowledged by:	 
	 	 
	JonesTrading Institutional Services LLC	 
	 	 
	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	        	 
	 	 
	 	 

 

    

     

    

 

EXHIBIT B

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer &
Trust Company 

1 State Street, 30th Floor 

New York, New York 10004 

Attn: Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Termination Letter

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(i) of
the Investment Management Trust Agreement between Seven Oaks Acquisition Corp. (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of _________, 2020 (the “Trust
Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target
Business (the “Business Combination”) within the time frame specified in the Company’s amended
and restated certificate of incorporation, as described in the Company’s Prospectus relating to the Offering. Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In accordance with
the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to transfer the
total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public Stockholders.
The Company has selected __________1
as the effective date for the purpose of determining when the Public Stockholders will be entitled to receive their share of the
liquidation proceeds. You agree to be the Paying Agent of record and, in your separate capacity as Paying Agent, agree to distribute
said funds directly to the Company’s Public Stockholders in accordance with the terms of the Trust Agreement and the Company’s
amended and restated certificate of incorporation. Upon the distribution of all the funds, net of any payments necessary for reasonable
unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust Agreement shall be terminated,
except to the extent otherwise provided in Section 1(i) of the Trust Agreement.

 

	 	Very truly yours,
	 	 
	 	Seven Oaks Acquisition Corp.
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	
        cc: JonesTrading Institutional Services LLC
	 

 

 

 

1
24 months from the closing of the Offering or such later date as may be approved by the Company’s stockholders
in accordance with the Company’s amended and restated certificate of incorporation.

 

    

     

    

 

EXHIBIT C

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer &
Trust Company 

1 State Street, 30th Floor 

New York, New York 10004 

Attn: Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Tax Payment Withdrawal Instruction

 

Dear Mr. Wolf and Ms. Gonzalez:

 

Pursuant to Section 1(j) of
the Investment Management Trust Agreement between Seven Oaks Acquisition Corp. (the “Company”) and Continental
Stock Transfer & Trust Company (the “Trustee”), dated as of ________, 2020 (the “Trust
Agreement”), the Company hereby requests that you deliver to the Company $_______   of the
interest income earned on the Property as of the date hereof. Capitalized terms used but not defined herein shall have the meanings
set forth in the Trust Agreement.

 

The Company needs such
funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with the terms of
the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt
of this letter to the Company’s operating account at:

 

[WIRE INSTRUCTION INFORMATION]

 

	 	Very truly yours,
	 	 
	 	Seven Oaks Acquisition Corp.
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	       
	 	 
	 	 
	cc: JonesTrading Institutional Services LLC	 

 

    

     

    

 

EXHIBIT D

 

[Letterhead of Company]

 

[Insert date]

 

Continental Stock Transfer &
Trust Company 

1 State Street, 30th Floor 

New York, New York 10004 

Attn: Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust Account Stockholder Redemption Withdrawal Instruction

 

Dear Mr. Wolf and Gonzalez:

 

Pursuant to Section 1(k) of the Investment
Management Trust Agreement between Seven Oaks Acquisition Corp. (the “Company”) and Continental Stock
Transfer & Trust Company (the “Trustee”), dated as of _____, 2020 (the “Trust Agreement”),
the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $____ of the principal and interest
income earned on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries. Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The Company needs such funds to pay its
Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the Company in connection with a
stockholder vote to approve an amendment to the Company’s amended and restated certificate of incorporation to modify the
substance or timing of the Company’s obligation to redeem 100% of public shares of Common Stock if the Company has not consummated
an initial Business Combination within such time as is described in the Company’s amended and restated certificate of incorporation
or with respect to any other material provisions relating to stockholders’ rights or pre-initial Business Combination activity.
As such, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter
to a segregated account held by you on behalf of the Beneficiaries.

 

	 	Very truly yours,
	 	 
	 	Seven Oaks Acquisition Corp.
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 
	 	 
	cc: JonesTrading Institutional Services LLC

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