Document:

Exhibit 10.1

 

EXECUTION COPY

 

SPONSOR SUPPORT AGREEMENT

 

This Sponsor Support Agreement
(this “Agreement”) is dated as of March 17, 2022, by and among the Persons set forth on Schedule I attached
hereto (each, a “Sponsor” and, together, the “Sponsors”), Vickers Vantage Corp I, a Cayman Islands
exempted company (which shall migrate to and domesticate as a Delaware corporation prior to the Closing) (“Parent”),
and Scilex Holding Company, a Delaware corporation (the “Company”). Capitalized terms used but not defined herein shall
have the respective meanings ascribed to such terms in the Merger Agreement (as defined below).

 

WHEREAS, as of the date hereof,
the Sponsors collectively are the holders of record and the “beneficial owners” (within the meaning of Rule 13d-3 under the
Exchange Act) of the Parent Ordinary Shares and the Parent Warrants, in each case, set forth next to each such Person’s name on
Schedule I attached hereto;

 

WHEREAS, contemporaneously
with the execution and delivery of this Agreement, Parent, Vantage Merger Sub Inc., a Delaware corporation and wholly owned subsidiary
of Parent (“Merger Sub”), and the Company have entered into a Merger Agreement (as amended or modified from time to
time, the “Merger Agreement”), dated as of the date hereof;

 

WHEREAS, upon the terms and
subject to the conditions set forth therein and in accordance with the applicable provisions of the DGCL, following the Domestication,
Merger Sub will merge with and into the Company (the “Merger”), and the Company will continue as the surviving company
in the Merger, and

 

WHEREAS, as an inducement
to Parent and the Company to enter into the Merger Agreement and to consummate the transactions contemplated therein, the parties hereto
desire to agree to certain matters as set forth herein.

 

NOW, THEREFORE, in consideration
of the foregoing and the mutual agreements contained herein, and intending to be legally bound hereby, the parties hereto hereby agree
as follows:

 

Article I

SPONSOR SUPPORT AGREEMENT; COVENANTS

 

Section 1.1 Binding Effect
of Merger Agreement. Each Sponsor hereby acknowledges that it has read the Merger Agreement and this Agreement and has had the opportunity
to consult with its tax and legal advisors. Each Sponsor agrees not to, directly or indirectly, take any action, or authorize or knowingly
permit any of its Affiliates or representatives to take any action on its behalf, that would be a breach of Sections 7.3 (Alternative
Transactions) or 10.5 (Publicity) of the Merger Agreement if such action were taken by Parent.

 

Section 1.2 No Transfer.
During the period commencing on the date hereof and ending on the earlier of (a) the Effective Time and (b) such date and time as the
Merger Agreement shall be terminated in accordance with Article IX thereof (the earlier of clauses (a) and (b), the “Expiration
Time”), each Sponsor shall not (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, file (or participate in the filing of) a registration
statement with the SEC (other than the Registration Statement) or establish or increase a put equivalent position or liquidate or decrease
a call equivalent position within the meaning of Section 16 of the Exchange Act, with respect to any Parent Ordinary Shares, Parent Warrants
or any other shares of capital stock or warrants of Parent that such Sponsor is the holder of record and the “beneficial owner”
(within the meaning of Rule 13d-3 under the Exchange Act) to which such Sponsor has voting rights (collectively, “Subject Securities”),
(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 Subject Securities or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii).

 

Section 1.3 New Shares.
In the event that, including in respect of the Domestication, (a) any Parent Ordinary Shares, Parent Warrants, or other equity securities
of Parent are issued to a Sponsor after the date of this Agreement pursuant to any stock dividend, stock split, recapitalization, reclassification,
combination or exchange of Parent Ordinary Shares or Parent Warrants of, on or affecting the Parent Ordinary Shares or Parent Warrants
owned by such Sponsor or otherwise, (b) a Sponsor purchases or otherwise acquires beneficial ownership of any Parent Ordinary Shares,
Parent Warrants or other equity securities of Parent after the date of this Agreement, or (c) a Sponsor acquires the right to vote or
share in the voting of any Parent Ordinary Shares or other equity securities of Parent after the date of this Agreement (such Parent Ordinary
Shares, Parent Warrants or other equity securities of Parent, collectively the “New Securities”), then such New Securities
acquired or purchased by such Sponsor shall be subject to the terms of this Agreement to the same extent as if they constituted the Parent
Ordinary Shares or Parent Warrants owned by such Sponsor as of the date hereof.

 

    

     

    

 

Section 1.4 Support Agreements.

 

(a) At any meeting of the
shareholders of Parent, however called, or at any adjournment or postponement thereof, or in any other circumstance in which the vote,
consent or other approval of the shareholders of Parent is sought, each Sponsor shall (i) appear at each such meeting or otherwise cause
all of its Parent Ordinary Shares to be counted as present thereat for purposes of calculating a quorum and (ii) vote (or cause to be
voted), or execute and deliver a written consent (or cause a written consent to be executed and delivered) covering, all of its Subject
Securities:

 

(i)  in favor of the Parent Shareholder Approval Matters and in favor of any proposal in respect of an Extension Amendment;

 

(ii) against (or otherwise withhold written consent of, as applicable) any Business Combination or any proposal relating to
a Business Combination (in each case, other than as contemplated by the Merger Agreement);

 

(iii) against (or otherwise withhold written consent of, as applicable) any merger agreement or merger, consolidation, combination,
sale of substantial assets, reorganization, recapitalization, dissolution, liquidation or winding up of or by Parent (other than the Merger
Agreement and the transactions contemplated thereby);

 

(iv) against (or otherwise
withhold written consent of, as applicable) any change in the business, management or board of directors of Parent (other than in connection
with the Merger Agreement and the transactions contemplated thereby); and

 

(v) against (or otherwise
withhold written consent of, as applicable) any proposal, action or agreement that would (A) impede, frustrate, prevent or nullify any
provision of this Agreement or the Merger Agreement or any of the transactions contemplated hereby or thereby, (B) result in a breach
in any respect of any covenant, representation, warranty or any other obligation or agreement of Parent or Merger Sub under the Merger
Agreement, (C) result in any of the conditions set forth in Article VIII of the Merger Agreement not being fulfilled or (D) change in
any manner the dividend policy or capitalization of, including the voting rights of any class of capital stock of, Parent.

 

Each Sponsor hereby agrees that
it shall not commit or agree to take any action inconsistent with the foregoing, and shall not deposit any of its Parent Ordinary Shares
in a voting trust, grant any proxy or power of attorney with respect to any of its Parent Ordinary Shares or subject any of its Parent
Ordinary Shares to any arrangement or agreement with respect to the voting of such Parent Ordinary Shares unless specifically requested
to do so by the Company and Parent in writing in connection with the Merger Agreement, the Additional Agreements or the transactions contemplated
thereby.

 

(b) Each Sponsor shall comply with, and fully perform all of its obligations, covenants and agreements set forth in, that certain
Letter Agreement, dated as of January 6, 2021, by and among the Sponsors and Parent (the “Sponsor Letter”).

 

(c) Each Sponsor agrees that, if Parent seeks
shareholder approval of the transactions contemplated by the Merger Agreement or any Additional Agreements, such Sponsor shall not redeem
any Subject Securities owned by it in conjunction with such shareholder approval or the transactions contemplated thereby.

 

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(d) During
the period commencing on the date hereof and ending on the Expiration Time, each Sponsor shall not modify or amend any Contract between
or among such Sponsor or any Affiliate of such Sponsor (other than Parent or any of its Subsidiaries), on the one hand, and Parent or
any of Parent’s Subsidiaries, on the other hand, except for the amendment of the Investment Management Trust Agreement as contemplated
by the Merger Agreement.

 

Section 1.5  Forfeiture
of Parent Warrants. Each of (a) Vickers Venture Fund VI Pre Ltd and Vickers Venture Fund VI (Plan) Pte Ltd hereby agrees, subject
to and contingent upon the Closing, in the event that shareholders holding more than seventy-five percent (75%) of the issued and outstanding
Parent Ordinary Shares exercise redemption rights in conjunction with the shareholder vote on the Parent Shareholder Approval Matters,
then automatically and without any further action by any other Person, such Sponsor shall forfeit a number of Parent Warrants equal to
forty percent (40%) of all Parent Warrants held by such Sponsor immediately prior to Closing, and all such Parent Warrants shall be cancelled
and forfeited for no consideration, and shall cease to exist.

 

Section 1.6 No Actions.
Each Sponsor hereby agrees not to commence or participate in any claim, derivative or otherwise, against the Company, Parent or any of
their respective Affiliates (a) challenging the validity of, or seeking to enjoin the operation of, any provision of this Agreement or
(b) alleging a breach of any fiduciary duty of the board of directors of Parent in connection with this Agreement, the Parent Shareholder
Approval Matters, the Merger Agreement or the transactions contemplated thereby.

 

Section 1.7  Permitted
Disclosure. Each Sponsor hereby authorizes each of Parent, the Company and their respective Subsidiaries to publish and disclose,
in any announcement, filing or disclosure required to be made by any Order or other applicable Law or the rules of any national securities
exchange or as requested by the SEC, such Sponsor’s identity and ownership of equity securities of Parent and such Sponsor’s
obligations under this Agreement.

 

Section 1.8  Anti-Dilution
Waiver. Each Sponsor hereby agrees that such Sponsor shall waive, and hereby does waive, any and all anti-dilution or similar rights
(if any) that may otherwise be available under applicable Law or pursuant to any Contract between or among such Sponsor or any Affiliate
of such Sponsor (other than Parent or any of its Subsidiaries), on the one hand, and Parent or any of Parent’s Subsidiaries, on
the other hand, with respect to the transactions contemplated by the Merger Agreement and that it shall not take any action in furtherance
of exercising any such rights.

 

Section 1.9 Stop Orders.
Parent hereby agrees to (a) place a revocable stop order on each Sponsor’s Parent Ordinary Shares, including those which may be
covered by a registration statement, and (b) notify Parent’s transfer agent in writing of such stop order and the restrictions on
such Parent Ordinary Shares and direct Parent’s transfer agent not to process any attempts by the Sponsor to transfer any Parent
Ordinary Shares; for the avoidance of doubt, the obligations of Parent under this Section 1.9 shall be deemed to be satisfied
by the existence of any similar stop order and restrictions currently existing on such Sponsor’s Parent Ordinary Shares.

 

Section 1.10 No Inconsistent
Agreement. Each Sponsor hereby agrees and represents and covenants that such Sponsor has not entered into, and shall not enter into,
any agreement that would restrict, limit or interfere with the performance of such Party’s obligations hereunder.

 

Section 1.11  Further
Assurances. Each Sponsor shall execute and deliver such documents and take such action necessary to consummate the Merger and the
other transactions contemplated by the Merger Agreement on the terms and subject to the conditions set forth therein and herein.

 

Section 1.12 Registration
Rights Agreement. On the Closing Date, each Sponsor set forth on Schedule A of the Registration Rights Agreement shall deliver to
Parent and the Company a duly executed copy of the Registration Rights Agreement.

 

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Article II

REPRESENTATIONS and warranties

 

Section 2.1 Representations and Warranties of the Sponsors. Each Sponsor represents and warrants as of the date hereof
to Parent and the Company (solely with respect to itself, himself or herself and not with respect to any other Sponsor) as follows:

 

(a) Organization; Due Authorization. If such Sponsor is not an individual, it is duly organized, validly existing and
in good standing under the Laws of the jurisdiction in which it is incorporated, formed, organized or constituted, and the execution,
delivery and performance of this Agreement and the consummation of the transactions contemplated hereby are within such Sponsor’s
corporate, limited liability company or organizational powers and have been duly authorized by all necessary corporate, limited liability
company or organizational actions on the part of such Sponsor. If such Sponsor is an individual, such Sponsor has full legal capacity,
right and authority to execute and deliver this Agreement and to perform his or her obligations hereunder. This Agreement has been duly
executed and delivered by such Sponsor and, assuming due authorization, execution and delivery by the other parties to this Agreement,
this Agreement constitutes a legally valid and binding obligation of such Sponsor, enforceable against such Sponsor in accordance with
the terms hereof, subject to applicable bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and similar Laws affecting
creditors’ rights generally and subject, as to enforceability, to general principles of equity. If this Agreement is being executed
in a representative or fiduciary capacity, the Person signing this Agreement has full power and authority to enter into this Agreement
on behalf of the applicable Sponsor.

 

(b) Ownership. Such Sponsor is the record and “beneficial owner” (within the meaning of Rule 13d-3 under
the Exchange Act) of, and has good title to, all of such Sponsor’s Parent Ordinary Shares and Parent Warrants, and there exist no
Liens or any other limitation or restriction (including any restriction on the right to vote, sell or otherwise dispose of such Parent
Ordinary Shares and Parent Warrants (other than transfer restrictions under the Securities Act)) affecting any such Parent Ordinary Shares
or Parent Warrants, other than Liens pursuant to (i) this Agreement, (ii) Parent’s and Sponsor’s Organizational Documents,
(iii) the Merger Agreement, (iv) the agreements entered into by Sponsor with Parent in connection with Parent’s initial public offering
or (v) any applicable securities Laws. Such Sponsor’s Parent Ordinary Shares and Parent Warrants are the only equity securities
in Parent owned of record or beneficially by such Sponsor on the date of this Agreement, and none of such Sponsor’s Parent Ordinary
Shares or Parent Warrants are subject to any proxy, voting trust or other agreement or arrangement with respect to the voting of such
Parent Ordinary Shares or Parent Warrants, except as provided hereunder and pursuant to the Sponsor Letter. Other than the Parent Warrants
and the Parent Ordinary Shares, such Sponsor does not hold or own any rights to acquire (directly or indirectly) any equity securities
of Parent or any equity securities convertible into, or which can be exchanged for, equity securities of Parent.

 

(c) No Conflicts. The execution and delivery of this Agreement by such Sponsor does not, and the performance by such
Sponsor of his, her or its obligations hereunder will not, (i) if such Sponsor is not an individual, conflict with or result in a violation
of the Organizational Documents of such Sponsor or (ii) require any consent or approval that has not been given or other action that has
not been taken by any Person (including under any Contract binding upon such Sponsor or such Sponsor’s Parent Ordinary Shares or
Parent Warrants), in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance
by such Sponsor of its, his or her obligations under this Agreement.

 

(d) Litigation.
There are no Actions pending against such Sponsor, or to the knowledge of such Sponsor threatened against such Sponsor, before (or, in
the case of threatened Actions, that would be before) any arbitrator or any Governmental Authority, which in any manner challenges or
seeks to prevent, enjoin or materially delay the performance by such Sponsor of its, his or her obligations under this Agreement. Sponsor
has not instigated an action regarding the transactions contemplated in the Merger Agreement.

 

(e) Brokerage Fees. No broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’
fee or other commission in connection with the transactions contemplated by the Merger Agreement based upon arrangements made by such
Sponsor, for which Parent or any of its Affiliates may become liable.

 

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(f) Affiliate Arrangements. Except as set forth on Schedule 2.1(f), neither such Sponsor nor, to the knowledge of such
Sponsor, any anyone related by blood, marriage or adoption to such Sponsor or any Person in which such Sponsor has a direct or indirect
legal, contractual or beneficial ownership of 5% or more is party to, or has any rights with respect to or arising from, any Contract
with Parent or its Subsidiaries.

 

(g) Acknowledgment.
Such Sponsor understands and acknowledges that each of Parent and the Company is entering into the Merger Agreement in reliance upon
such Sponsor’s execution and delivery of this Agreement.

 

Article III

MISCELLANEOUS

 

Section 3.1 Termination. This Agreement
and all of its provisions shall terminate and be of no further force or effect upon the earlier of (a) the Expiration Time and (b) the
written agreement of the Sponsors, Parent and the Company. Upon such termination of this Agreement, all obligations of the parties under
this Agreement will terminate, without any liability or other obligation on the part of any party hereto to any Person in respect hereof
or the transactions contemplated hereby, and no party hereto shall have any claim against another (and no person shall have any rights
against such party), whether under contract, tort or otherwise, with respect to the subject matter hereof; provided, however,
that the termination of this Agreement shall not relieve any party hereto from liability arising in respect of any breach of this Agreement
prior to such termination. This Article III shall survive the termination of this Agreement.

 

Section 3.2 Amendment. This Agreement cannot be amended, except by a writing signed by each of the parties hereto, and
cannot be terminated orally or by course of conduct. No provision hereof can be waived, except by a writing signed by the party against
whom such waiver is to be enforced, and any such waiver shall apply only in the particular instance in which such waiver shall have been
given.

 

Section 3.3 Assignment. No party may assign
any right or delegate any obligation hereunder, including by merger, consolidation, operation of law, or otherwise, without the written
consent of the other parties hereto. Any purported assignment or delegation without such consent shall be void, in addition to constituting
a material breach of this Agreement.

 

Section 3.4 Governing Law. This Agreement
shall be construed in accordance with and governed by the laws of the State of Delaware, without giving effect to the conflict of laws
principles thereof.

 

Section 3.5 Jurisdiction. Any Action based upon, arising out of or related to this Agreement or the transactions contemplated
hereby must be brought in the Court of Chancery of the State of Delaware (or, to the extent such court does not have subject matter jurisdiction,
the Superior Court of the State of Delaware), or, if it has or can acquire jurisdiction, in the United States District Court for the District
of Delaware, and each of the parties irrevocably (a) submits to the exclusive jurisdiction of each such court in any such proceeding
or Action, (b) waives any objection it may now or hereafter have to personal jurisdiction, venue or to convenience of forum, (c) agrees
that all claims in respect of the proceeding or Action shall be heard and determined only in any such court, and (d) agrees not to
bring any proceeding or Action arising out of or relating to this Agreement or the transactions contemplated hereby in any other court.
Nothing herein contained shall be deemed to affect the right of any party to serve process in any manner permitted by Law or to commence
Proceedings or otherwise proceed against any other party in any other jurisdiction, in each case, to enforce judgments obtained in any
Action brought pursuant to this Section 3.5.

 

Section 3.6 Specific Performance. The
parties hereto agree that irreparable damage may occur in the event that any of the provisions of this Agreement were not performed in
accordance with their specific terms or were otherwise breached. It is accordingly agreed that the parties hereto shall be entitled to
seek an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions of this
Agreement in the chancery court or any other state or federal court within the State of Delaware, this being in addition to any other
remedy to which such party is entitled at Law or in equity.

 

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Section 3.7 Notices.
Any notice hereunder shall be sent in writing, addressed as specified below, and shall be deemed given: (a) if by hand or recognized courier
service, by 4:00PM on a business day, addressee’s day and time, on the date of delivery, and otherwise on the first business day
after such delivery; (b) if by fax or email, on the date that transmission is confirmed electronically, if by 4:00PM on a business day,
addressee’s day and time, and otherwise on the first business day after the date of such confirmation; or (c) five days after mailing
by certified or registered mail, return receipt requested. Notices shall be addressed to the respective parties as follows (excluding
telephone numbers, which are for convenience only), or to such other address as a party shall specify to the others in accordance with
these notice provisions:

 

if to the Company (following
the Closing), to:

 

Scilex Holding Company

960 San Antonio Road

Palo Alto, CA 94303

Email: jshah@scilexpharma.com

 

with a copy to (which shall not constitute
notice):

 

Paul Hastings LLP

1117 S. California Avenue

Palo Alto, CA 94304

Attention: Jeffrey T. Hartlin, Esq.

Email: jeffhartlin@paulhastings.com

 

if to Parent or
any Sponsor:

 

Vickers Vantage Corp. I

1 Harbourfront Avenue, #16-06,

Keppel Bay Tower, Singapore 98632

Attn: Jeffrey Chi, CEO

Email: jeff.chi@vickersventure.com

 

with a copy to (which shall not constitute
notice):

 

Loeb & Loeb LLP

345 Park Avenue

New York, New York 10154

Attn: Mitchell Nussbaum

Email: mnussbaum@loeb.com

 

Section 3.8 Counterparts; Facsimile Signatures. This Agreement may be executed in counterparts, each of which shall constitute
an original, but all of which shall constitute one agreement. This Agreement shall become effective upon delivery to each party of an
executed counterpart or the earlier delivery to each party of original, photocopied, or electronically transmitted signature pages that
together (but need not individually) bear the signatures of all other parties.

 

Section 3.9 Entire Agreement. This Agreement together with the agreements referenced herein set forth the entire agreement
of the parties with respect to the subject matter hereof and thereof and supersedes all prior and contemporaneous understandings and agreements
related thereto (whether written or oral), all of which are merged herein.

 

Section 3.10 Severability. A determination by a court or other legal authority that any provision that is not of the
essence of this Agreement is legally invalid shall not affect the validity or enforceability of any other provision hereof. The parties
shall cooperate in good faith to substitute (or cause such court or other legal authority to substitute) for any provision so held to
be invalid a valid provision, as alike in substance to such invalid provision as is lawful.

 

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Section 3.11 Waiver of Jury Trial; Exemplary
Damages,

 

(a) THE PARTIES TO THIS AGREEMENT HEREBY KNOWINGLY, VOLUNTARILY AND IRREVOCABLY WAIVE ANY RIGHT EACH SUCH PARTY MAY HAVE TO
TRIAL BY JURY IN ANY ACTION OF ANY KIND OR NATURE, IN ANY COURT IN WHICH AN ACTION MAY BE COMMENCED, ARISING OUT OF OR IN CONNECTION WITH
THIS AGREEMENT OR ANY ADDITIONAL AGREEMENT, OR BY REASON OF ANY OTHER CAUSE OR DISPUTE WHATSOEVER BETWEEN OR AMONG ANY OF THE PARTIES
TO THIS AGREEMENT OF ANY KIND OR NATURE. NO PARTY SHALL BE AWARDED PUNITIVE OR OTHER EXEMPLARY DAMAGES RESPECTING ANY DISPUTE ARISING
UNDER THIS AGREEMENT OR ANY ADDITIONAL AGREEMENT.

 

(b) Each of the parties to this Agreement acknowledge that each has been represented in connection with the signing of this
waiver by independent legal counsel selected by the respective party and that such party has discussed the legal consequences and import
of this waiver with legal counsel. Each of the parties to this Agreement further acknowledge that each has read and understands the meaning
of this waiver and grants this waiver knowingly, voluntarily, without duress and only after consideration of the consequences of this
waiver with legal counsel.

 

[Signature page follows]

 

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IN WITNESS WHEREOF, the Sponsors,
Parent and the Company have each caused this Sponsor Support Agreement to be duly executed as of the date first written above.

 

	 	SPONSORS:
	 	 
	 	Vickers Venture Fund VI Pte Ltd
	 	 	 
	 	By:	/s/ Finian Tan
	 	Name:	Finian Tan
	 	Title:	Managing Member
	 	 	 
	 	Vickers Venture Fund VI (Plan) Pte Ltd
	 	 	 
	 	By:	/s/ Finian
    Tan
	 	Name:	Finian Tan
	 	Title:	Managing Member
	 	 	 
	 	/s/
    Jeffrey Chi
	 	Jeffrey Chi
	 	 	 
	 	/s/ Chris
    Ho
	 	Chris Ho
	 	 	 
	 	/s/
    Pei Wei Woo
	 	Pei Wei Woo
	 	 	 
	 	/s/
    Suneel Kaji
	 	Suneel Kaji
	 	 	 
	 	/s/
    Steve Myint
	 	Steve Myint
	 	 	 
	 	PARENT:
	 	 	 
	 	Vickers Vantage Corp I
	 	 	 
	 	By:	/s/ Jeffrey
    Chi
	 	Name:	Jeffrey Chi
	 	Title:	Chief Executive Officer 

 

Signature Page to Sponsor Support Agreement

    

     

    

 

IN WITNESS WHEREOF, the Sponsors, Parent and the Company have each caused this Sponsor
Support Agreement to be duly executed as of the date first written above.

	 	COMPANY:
	 	 
	 	Scilex Holding Company
	 	 
	 	By:	/s/
Jasim Shah             
	 	Name:	Jasim Shah
	 	Title:	Chief Executive Officer

 

Signature Page to Sponsor
Support Agreement

 

    

     

    

 

Schedule I

 

	 	 	Shares	 	 	Warrants	 
	Vickers Venture Fund VI Pte Ltd	 	 	3,054,499	 	 	 	6,190,451	 
	Vickers Venture Fund VI (Plan) Pte Ltd	 	 	320,501	 	 	 	649,549	 
	Jeffrey Chi	 	 	0	 	 	 	 	 
	Chris Ho	 	 	0	 	 	 	 	 
	Pei Wei Woo	 	 	25,000	 	 	 	 	 
	Suneel Kaji	 	 	25,000	 	 	 	 	 
	Steve Myint	 	 	25,000	 	 	 	 	 

 

    

     

    

 

 

Schedule 2.1(f) – Affiliate ArrangementsExhibit 10.2

 

EXECUTION VERSION

 

COMPANY STOCKHOLDER SUPPORT AGREEMENT

 

This COMPANY STOCKHOLDER SUPPORT
AGREEMENT, dated as of March 17, 2022 (this “Stockholder Support Agreement”), is entered into by and among Sorrento
Therapeutics, Inc. (“Stockholder”), Scilex Holding Company, a Delaware corporation (the “Company”)
and Vickers Vantage Corp. I, a Cayman Islands exempted company (“Parent”). Capitalized terms used but not defined in
this Stockholder Support Agreement shall have the meanings ascribed to them in the Merger Agreement (as defined below).

 

WHEREAS, contemporaneously
with the execution and delivery of this Agreement, Parent, Vantage Merger Sub Inc., a Delaware corporation and wholly owned subsidiary
of Parent (“Merger Sub”), and the Company have entered into a Merger Agreement (as amended or modified from time to
time, the “Merger Agreement”), dated as of the date hereof;

 

WHEREAS, upon the terms and
subject to the conditions set forth therein and in accordance with the applicable provisions of the DGCL, following the Domestication,
Merger Sub will merge with and into the Company (the “Merger”), and the Company will continue as the surviving company
in the Merger,

 

WHEREAS, as of the date hereof,
Stockholder owns the number of the Company’s common stock, par value $0.0001, set forth after its name on Exhibit A (all
such shares, or any successor or additional shares of the Company of which ownership of record or the power to vote is hereafter acquired
by Stockholder prior to the termination of this Stockholder Support Agreement being referred to herein as the “Shares”);
and

 

WHEREAS, in order to induce
Parent to enter into the Merger Agreement, Stockholder is executing and delivering this Stockholder Support Agreement to Parent.

 

NOW, THEREFORE, in consideration
of the foregoing and of the mutual covenants and agreements contained herein, and intending to be legally bound hereby, the parties hereby
agree as follows:

 

1. Binding Effect of Merger
Agreement. Stockholder hereby acknowledges that it has read the Merger Agreement and this Stockholder Support Agreement and has had
the opportunity to consult with its tax and legal advisors. Stockholder agrees not to, directly or indirectly, take any action, or authorize
or knowingly permit any of its Affiliates or representatives to take any action on its behalf, that would be a breach of Sections 7.3
(Alternative Transactions) or 10.5 (Publicity) of the Merger Agreement if such action were taken by the Company.

 

     

     

    

 

2. Voting Agreements.
During the period commencing on the date hereof and ending on the earlier to occur of (a) the Effective Time, and (b) such date and time
as the Merger Agreement shall be terminated in accordance its terms (whichever earlier, the “Expiration Time”), Stockholder,
in its capacity as a Stockholder of the Company, irrevocably agrees that, at any meeting of the holders of Company Common Shares (the
“Company Stockholders”) related to the transactions contemplated by the Merger Agreement (whether annual or special
and whether or not an adjourned or postponed meeting, however called and including any adjournment or postponement thereof) (the “Transactions”)
and/or in connection with any written consent of the Company Stockholders related to the Transactions (all meetings or consents related
to the Merger Agreement, collectively referred to herein as the “Meeting”), Stockholder shall:

 

		a.	when the Meeting is held, appear at the Meeting or otherwise cause its Shares to be counted as present
thereat for the purpose of establishing a quorum;

 

		b.	vote (or execute and return an action by written consent), or cause to be voted at the Meeting (or validly
execute and return and cause such consent to be granted with respect to), all of its Shares in favor of the approval and adoption of the
Merger Agreement and the Transactions;

 

		c.	authorize and approve any amendment to the Company’s Organizational Documents that is deemed necessary
or advisable by the Company for purposes of effecting the Transactions; and

 

		d.	vote (or execute and return an action by written consent), or cause to be voted at the Meeting (or validly
execute and return and cause such consent to be granted with respect to), all of its Shares against any other action that would reasonably
be expected to (x) impede, interfere with, frustrate, delay, postpone or adversely affect the Merger or any of the Transactions, (y) result
in a breach of any covenant, representation or warranty or other obligation or agreement of the Company under the Merger Agreement or
(z) result in a breach of any covenant, representation or warranty or other obligation or agreement of Stockholder contained in this Stockholder
Support Agreement.

 

3. Restrictions on Transfer.
Unless this Agreement is terminated in accordance with the provisions hereof, Stockholder agrees that it shall not sell, assign or otherwise
transfer any of its Shares unless the buyer, assignee or transferee thereof executes a joinder agreement to this Stockholder Support
Agreement in a form reasonably acceptable to Parent. The Company shall not register any sale, assignment or transfer of any Shares on
the Company’s stock ledger (book entry or otherwise) that is not in compliance with this Section 3.

 

4. New Securities.
During the period commencing on the date hereof and ending on the Expiration Time, in the event that, (a) any Company Common Shares or
other equity securities of Company are issued to Stockholder after the date of this Stockholder Support Agreement pursuant to any stock
dividend, stock split, recapitalization, reclassification, combination or exchange of Company securities owned by Stockholder, (b) Stockholder
purchases or otherwise acquires beneficial ownership of any Company Common Shares or other equity securities of Company after the date
of this Stockholder Support Agreement, or (c) Stockholder acquires the right to vote or share in the voting of any Company Common Shares
or other equity securities of Company after the date of this Stockholder Support Agreement (such Company Common Shares or other equity
securities of the Company, collectively the “New Securities”), then such New Securities acquired or purchased by each
Stockholder shall be subject to the terms of this Stockholder Support Agreement to the same extent as if they constituted Shares as of
the date hereof.

 

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5. No Challenge. Stockholder
agrees not to commence, join in, facilitate, assist or encourage, and agrees to take all actions necessary to opt out of any class in
any class action with respect to, any claim, derivative or otherwise, against Parent, Merger Sub, the Company or any of their respective
successors or directors (a) challenging the validity of, or seeking to enjoin the operation of, any provision of this Stockholder Support
Agreement or the Merger Agreement or (b) alleging a breach of any fiduciary duty of any person in connection with the evaluation, negotiation
or entry into the Merger Agreement.

 

6. Waiver. Stockholder
hereby irrevocably and unconditionally waives any rights of appraisal, dissenter’s rights and any similar rights relating to the
Merger Agreement and the consummation by the parties of the transactions contemplated thereby, including the Merger, that Stockholder
may have under applicable law.

 

7. Consent to Disclosure.
Stockholder hereby consents to the publication and disclosure in the Form S-4 or Form F-4 (as applicable) and the Proxy Statement (and,
as and to the extent otherwise required by applicable securities Laws or the SEC or any other securities authorities, any other documents
or communications provided by any Parent Party or the Company to any Governmental Authority or to securityholders of any Parent Party)
of Stockholder’s identity and beneficial ownership of Shares and the nature of Stockholder’s commitments, arrangements and
understandings under and relating to this Stockholder Support Agreement and, if deemed appropriate by Parent or the Company, a copy of
this Stockholder Support Agreement. Stockholder will promptly provide any information reasonably requested by Parent or the Company for
any regulatory application or filing made or approval sought in connection with the Transactions (including filings with the SEC).

 

8. Stockholder Representations:
Stockholder represents and warrants to Parent and the Company, as of the date hereof, that:

 

		a.	Stockholder is duly organized, validly existing and in good standing under the Laws of the jurisdiction
of its formation, and the execution, delivery and performance of this Stockholder Support Agreement and the consummation of the transactions
contemplated hereby are within Stockholder’s organizational powers and have been duly authorized by all necessary organizational
actions on the part of Stockholder;

 

		b.	this Stockholder Support Agreement has been duly executed and delivered by Stockholder and, assuming due
authorization, execution and delivery by the other parties to this Stockholder Support Agreement, this Stockholder Support Agreement constitutes
a legally valid and binding obligation of Stockholder, enforceable against Stockholder in accordance with the terms hereof (except as
enforceability may be limited by bankruptcy Laws, other similar Laws affecting creditors’ rights and general principles of equity
affecting the availability of specific performance and other equitable remedies);

 

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		c.	the execution and delivery of this Stockholder Support Agreement by Stockholder does not, and the performance
by Stockholder of its obligations hereunder will not, (i) conflict with or result in a violation of the organizational documents of Stockholder,
or (ii) require any consent or approval from any third party that has not been given or other action that has not been taken by any third
party, in each case, to the extent such consent, approval or other action would prevent, enjoin or materially delay the performance by
Stockholder of its obligations under this Stockholder Support Agreement;

 

		d.	there are no Actions or Proceedings pending against Stockholder or, to the knowledge of Stockholder, threatened
against Stockholder, before (or, in the case of threatened Proceedings, that would be before) any arbitrator or any Governmental Authority,
which in any manner challenges or seeks to prevent, enjoin or materially delay the performance by Stockholder of its obligations under
this Stockholder Support Agreement;

 

		e.	no broker, finder, investment banker or other Person is entitled to any brokerage fee, finders’
fee or other commission in connection with this Stockholder Support Agreement or any of the respective transactions contemplated hereby,
based upon arrangements made by Stockholder or, to the knowledge of Stockholder, by the Company;

 

		f.	Stockholder has not entered into, and shall not enter into, any agreement that would prevent it from performing
any of its obligations under this Stockholder Support Agreement;

 

		g.	Stockholder has good title to its Shares, free and clear of any Liens other than Permitted Liens, and
Stockholder has the sole power to vote or cause to be voted its Shares; and

 

		h.	the Shares listed opposite Stockholder’s name on Exhibit A are the only shares of the Company’s
outstanding capital stock owned of record or beneficially owned by Stockholder as of the date hereof, and none of its Shares are subject
to any proxy, voting trust or other agreement or arrangement with respect to the voting of Shares that is inconsistent with Stockholder’s
obligations pursuant to this Stockholder Support Agreement.

 

9. Damages; Remedies.
Stockholder hereby agrees and acknowledges that (a) Parent and the Company would be irreparably injured in the event of a breach by Stockholder
of its obligations under this Stockholder Support Agreement, (b) monetary damages may not be an adequate remedy for such breach and (c)
the non-breaching party shall be entitled to injunctive relief, in addition to any other remedy that such party may have in law or in
equity, in the event of such breach.

 

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10. Entire Agreement;
Amendment. This Stockholder Support Agreement and the other agreements referenced herein constitute the entire agreement and understanding
of the parties hereto in respect of the subject matter hereof and supersede 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 Stockholder Support 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.

 

11. Assignment. No
party hereto may, except as set forth herein, assign either this Stockholder Support 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 Stockholder Support
Agreement shall be binding on each Stockholder, Parent and the Company and each of their respective successors, heirs, personal representatives
and assigns and permitted transferees.

 

12. Counterparts.
This Stockholder Support Agreement may be executed in any number of original, electronic 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.

 

13. Severability.
This Stockholder Support 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 Stockholder Support 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
Stockholder Support Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and be valid
and enforceable.

 

14. Governing Law; Jurisdiction;
Jury Trial Waiver. Sections 10.8, 10.17 and 10.18 of the Merger Agreement is incorporated by reference herein to apply with full
force to any disputes arising under this Stockholder Support Agreement.

 

15. Notice. Any notice,
consent or request to be given in connection with any of the terms or provisions of this Stockholder Support Agreement shall be in writing
and shall be sent or given in accordance with the terms of Section 10.1 of the Merger Agreement to the applicable party, with respect
to the Company and Parent, at the address set forth in Section 10.1 of the Merger Agreement, and, with respect to Stockholder, at its
address set forth on Exhibit A.

 

16. Termination. This
Stockholder Support Agreement shall terminate on the earlier of the Closing or the termination of the Merger Agreement. No such termination
shall relieve Stockholder, Parent or the Company from any liability resulting from a breach of this Stockholder Support Agreement occurring
prior to such termination.

 

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17. Adjustment for Stock
Split. If, and as often as, there are any changes in the Shares by way of stock split, stock dividend, combination or reclassification,
or through merger, consolidation, reorganization, recapitalization or business combination, or by any other means, equitable adjustment
shall be made to the provisions of this Stockholder Support Agreement as may be required so that the rights, privileges, duties and obligations
hereunder shall continue with respect to Stockholder, Parent and the Company and the Stockholder Shares as so changed.

 

18. Further
Actions. Each of the parties hereto agrees to execute and deliver hereafter any further document, agreement or instrument
of assignment, transfer or conveyance as may be necessary or desirable to effectuate the purposes hereof and as may be reasonably requested
in writing by another party hereto. 

 

19. Specific Performance.
The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with
the terms hereof, and accordingly, that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement
or to enforce specifically the performance of the terms and provisions hereof without proof of actual damages or otherwise, in addition
to any other remedy to which they are entitled at law or in equity as expressly permitted in this Agreement. Each of the parties further
waives (i) any defense in any action for specific performance that a remedy at law would be adequate and (b) any requirement to post
security or a bond as prerequisite to obtaining equitable relief.

 

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left blank]

 

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IN WITNESS WHEREOF, Stockholder,
Parent and the Company have each caused this Stockholder Support Agreement to be duly executed as of the date first written above.

 

	 	Stockholder:
	 	 	 
	 	Sorrento Therapeutics, Inc.
	 	 	 
	 	By:	/s/ Henry Ji
	 	Name: 	Henry Ji
	 	Title:	Chief Executive Officer
	 	 	 
	 	Company:
	 	 	 
	 	Scilex Holding Company
	 	 	 
	 	By:	/s/ Jaisim Shah
	 	Name:	Jaisim Shah
	 	Title:	Chief Executive Officer

 

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	 	VICKERS VANTAGE CORP. I
	 	 	 
	 	By:	/s/ Jeffrey Chi
	 	Name:  	Jeffrey Chi
	 	Title: 	Chief Executive Officer

 

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Exhibit A

 

Stockholders

 

	Stockholder	 	Number of Shares	 	Address for Notices
	Sorrento Therapeutics, Inc.	 	197,210,505	 	
    4955 Directors Place

     San Diego, CA 92121

 

 

9

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