SEC Contract Filing

Filing Date: 2022-06-29

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>d346823dex101.htm
<DESCRIPTION>EX-10.1
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<TITLE>EX-10.1</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>EXHIBIT 10.1 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right">June 29, 2022 </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Social Capital Suvretta Holdings
Corp. II </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">2850 W. Horizon Ridge Parkway, Suite 200 </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Henderson, NV 89052 </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">Re:</TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Director Appointment </P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dr.&nbsp;Berman: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This letter (this
&#147;<B><I>Letter Agreement</I></B>&#148;) is being delivered to you in connection with your appointment to the board of directors of Social Capital Suvretta Holdings Corp. II, a Cayman Islands exempted company (the
&#147;<B><I>Company</I></B>&#148;). Reference is made to the Company&#146;s initial public offering (the &#147;<B><I>Public Offering</I></B>&#148;) of 25,000,000 of the Company&#146;s Class&nbsp;A ordinary shares, par value $0.0001 per share (the
&#147;<B><I>Ordinary Shares</I></B>&#148;). The Ordinary Shares were sold in the Public Offering pursuant to registration statements on Form <FONT STYLE="white-space:nowrap">S-1</FONT> (File
<FONT STYLE="white-space:nowrap">No.&nbsp;333-256724</FONT> and <FONT STYLE="white-space:nowrap">333-257544)&nbsp;and</FONT> a prospectus (the &#147;<B><I>Prospectus</I></B>&#148;) filed by the Company with the Securities and Exchange Commission
(the &#147;<B><I>Commission</I></B>&#148;). Certain capitalized terms used herein are defined in <U>paragraph 11</U> hereof. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">For good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned (the &#147;<B><I>Insider</I></B>&#148;), hereby agrees with the Company as follows: </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. The Insider agrees with the Company that if the Company seeks shareholder approval of a proposed initial Business Combination, then in
connection with such proposed initial Business Combination, the Insider shall (a)&nbsp;vote any Shares owned by the Insider in favor of such proposed initial Business Combination (including any proposals recommended by the Company&#146;s board of
directors in connection with such proposed initial Business Combination) and (b)&nbsp;not redeem any Shares owned by the Insider in connection with such shareholder approval. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2. The Insider hereby agrees with the Company that in the event that the Company fails to consummate its initial Business Combination within
24 months from the closing of the Public Offering, or such later period approved by the Company&#146;s shareholders in accordance with the Company&#146;s amended and restated memorandum and articles of association, as they may be amended from time
to time, the Insider shall take all reasonable steps to cause the Company to (a)&nbsp;cease all operations except for the purpose of winding up, (b)&nbsp;as promptly as reasonably possible but not more than ten (10)&nbsp;business days thereafter,
redeem 100% of the Ordinary Shares sold in the Public Offering (the &#147;<B><I>Public Shares</I></B>&#148;), 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
$100,000 of interest to pay dissolution expenses and which interest shall be net of taxes payable), divided by the number of then issued and outstanding Public Shares, which redemption will completely extinguish all Public Shareholders&#146; rights
as shareholders (including the right to receive further liquidation distributions, if any), and (c)&nbsp;as promptly as reasonably possible following such redemption, subject to the approval of the Company&#146;s remaining shareholders and the
Company&#146;s board of directors, liquidate and dissolve, subject in each case to the Company&#146;s obligations under Cayman Islands law to provide for claims of creditors and the other requirements of applicable law. The Insider agrees not to
propose any amendment to the Company&#146;s amended and restated memorandum and articles of association (i)&nbsp;to modify the substance or timing of the Company&#146;s obligation to allow redemption in connection with the Company&#146;s initial
Business Combination or to redeem 100% of the Public Shares if the Company does not complete its initial Business Combination within 24 months from the closing of the Public Offering, or (ii)&nbsp;with respect to any other material provisions
relating to shareholders&#146; rights or <FONT STYLE="white-space:nowrap">pre-initial</FONT> Business Combination activity, unless the Company provides its Public Shareholders with the opportunity