SEC Contract Filing

Filing Date: 2022-01-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>6
<FILENAME>ea154082ex10-1_consilium1.htm
<DESCRIPTION>LETTER AGREEMENT, DATED JANUARY 12, 2022, AMONG THE COMPANY, THE SPONSOR AND THE COMPANY'S OFFICERS AND DIRECTORS
<TEXT>
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Exhibit 10.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Consilium Acquisition Corp I, Ltd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2400 E. Commercial Boulevard, Suite 900<BR>
Ft. Lauderdale, FL 33308</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">Re:</TD><TD STYLE="text-align: justify"><U>Initial Public Offering</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0; text-indent: 0.5in">This letter (this &ldquo;<B><I>Letter Agreement</I></B>&rdquo;)
is being delivered to you in accordance with the Underwriting Agreement (the &ldquo;<B><I>Underwriting Agreement</I></B>&rdquo;) entered
into or proposed to be entered into by and between Consilium Acquisition Corp I, Ltd., a Cayman Islands exempted company (the &ldquo;<B><I>Company</I></B>&rdquo;),
on the one hand, and BTIG, LLC, on the other hand, as the representatives of the several underwriters named therein (the &ldquo;<B><I>Underwriters</I></B>&rdquo;),
relating to an underwritten initial public offering (the &ldquo;<B><I>Public Offering</I></B>&rdquo;), of 18,975,000 of the Company&rsquo;s
units (&ldquo;<B><I>Units</I></B>&rdquo;) (including up to 2,475,000 Units that may be purchased to cover over-allotments, if any), each
comprised of one Class A ordinary share of the Company, par value $0.0001 per share (each, an &ldquo;<B><I>Ordinary Share</I></B>&rdquo;),
one right to acquire one-tenth of a Class A ordinary share (a &ldquo;<B><I>Right</I></B>&rdquo;) and one-half of one redeemable warrant
(each whole warrant, a &ldquo;<B><I>Warrant</I></B>&rdquo;). Each Warrant entitles the holder thereof to purchase one Ordinary Share at
a price of $11.50 per share, subject to adjustment. The Units shall be sold in the Public Offering pursuant to a registration statement
on Form S-1 and a prospectus (the &ldquo;<B><I>Prospectus</I></B>&rdquo;) filed by the Company with the Securities and Exchange Commission
(the &ldquo;<B><I>Commission</I></B>&rdquo;). Certain capitalized terms used herein are defined in paragraph 11 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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, Consilium Acquisition Sponsor I, LLC, a Cayman Islands limited liability company (the
&ldquo;<B><I>Sponsor</I></B>&rdquo;), and the other undersigned persons (each, an &ldquo;<B><I>Insider</I></B>&rdquo; and collectively,
the &ldquo;<B><I>Insiders</I></B>&rdquo;), each hereby agrees with the Company as follows:</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">1. The
Sponsor and each Insider agrees with the Company that if the Company seeks shareholder approval of a proposed Business Combination, then
in connection with such proposed Business Combination, it, he or she shall (i) vote any Shares owned by it, him or her in favor of any
proposed Business Combination (including any proposals recommended by the Company&rsquo;s board of directors in connection with such Business
Combination) and (ii) not redeem any Shares owned by it, him or her in connection with such shareholder approval.</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">2. The
Sponsor and each Insider hereby agrees with the Company that in the event that the Company fails to consummate a Business Combination
within 18 months (or 24 months if the sponsor exercises its extension options as described in the Prospectus) from the closing of the
Public Offering, or such later period approved by the Company&rsquo;s shareholders in accordance with the Company&rsquo;s amended and
restated memorandum and articles of association, as they may be amended from time to time, 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)&nbsp;as promptly as reasonably
possible but not more than ten (10) business days thereafter, subject to lawfully available funds therefor, redeem 100% of the Ordinary
Shares sold as part of the Units in the Public Offering (the &ldquo;<B><I>Offering Shares</I></B>&rdquo;), at a per share price, payable
in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest (less up to $