Item 5.02 Departure of Directors or Certain Officers; Election of Directors;

Appointment of Certain Officers; Compensatory Arrangements of Certain

Officers.

On July 6, 2022, Michael Taylor was appointed to the board of directors (the "Board") of Social Capital Suvretta Holdings Corp. I (the "Company"). Effective July 6, 2022, Mr. Taylor was also appointed to the audit committee (the "Audit Committee"), the compensation committee (the "Compensation Committee") and the nominating and corporate governance committee (the "Nominating and Corporate Governance Committee") of the Board. The Board has determined that Mr. Taylor is an independent director under applicable Securities and Exchange Commission and Nasdaq Capital Market rules.

In connection with the appointment of Mr. Taylor, the Company entered into the following written agreements:



     •    A Letter Agreement, dated July 6, 2022 (the "Letter Agreement"), between
          the Company and Mr. Taylor, pursuant to which Mr. Taylor has agreed to:
          vote any ordinary shares of the Company held by him in favor of the
          Company's initial business combination; facilitate the liquidation and
          winding up of the Company if an initial business combination is not
          consummated within the time period required by the Company's amended and
          restated memorandum and articles of association; and certain transfer
          restrictions with respect to the Company's securities.



     •    An Indemnity Agreement, dated July 6, 2022 (the "Indemnity Agreement"),
          between the Company and Mr. Taylor, providing Mr. Taylor contractual
          indemnification in addition to the indemnification provided for in the
          Company's amended and restated memorandum and articles of association.

The foregoing descriptions of the Letter Agreement and the Indemnity Agreement do not purport to be complete and are qualified in their entireties by reference to the Letter Agreement and the Indemnity Agreement, copies of which are attached hereto as Exhibits 10.1 and 10.2, respectively, and are incorporated herein by reference.

The Company will compensate Mr. Taylor for his service as a member of the Board, the Audit Committee, the Compensation Committee and the Nominating and Corporate Governance Committee in the amount of $300,000 in cash payable on December 31, 2022. The Company will also reimburse Mr. Taylor for reasonable out-of-pocket expenses incurred in connection with fulfilling his role as a director. Other than the foregoing, Mr. Taylor is not party to any arrangement or understanding with any person pursuant to which he was appointed as a director, nor is he party to any transactions required to be disclosed under Item 404(a) of Regulation S-K involving the Company.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits

Exhibit
  No.       Description

10.1          Letter Agreement, dated July 6, 2022, between the Company and
            Mr. Taylor.

10.2          Indemnity Agreement, dated July 6, 2022, between the Company and
            Mr. Taylor.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document).

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