Item 1.01. Entry into a Material Definitive Agreement.
On
The extension is based solely on the voluntary agreement of the parties and is not premised on any non-compliance by the Company with the DPA. Because of an outstanding restitution claim against OZ Africa, sentencing in the OZ Africa matter has not occurred and, based on the current schedule, will not be completed before the scheduled conclusion of the DPA. Because the DPA contemplates that the sentencing in the OZ Africa matter would have occurred before the expiration of the DPA, the parties have executed an agreement with the purpose of extending the expiration date of the DPA.
The Amendment does not contemplate any additional term for the independent compliance monitor appointed to evaluate the Company's compliance with its obligations under the DPA.
The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of the Amendment, which is attached hereto as Exhibit 10.1 and which is incorporated herein by reference.
Item 8.01. Other Events.
On
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. Exhibit No. Description 10.1 Amendment to Deferred Prosecution Agreement, dated as ofJanuary 23, 2020 , by and amongSculptor Capital Management, Inc. , theU.S. Department of Justice and theU.S. Attorney's Office for the Eastern District of New York . 99.1 Letter to theU.S. District Court for the Eastern District of New York, dated as ofJanuary 23, 2020 , by and amongSculptor Capital Management, Inc. , theU.S. Department of Justice and theU.S. Attorney's Office for the Eastern District of New York . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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