Item 5.02. Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On March 9, 2022, Alex Triplett resigned as Chief Financial Officer of ScION
Tech Growth I (the "Company").
On March 15, 2022, the board of directors of the Company (the "Board") appointed
Kunal Gullapalli to serve as the Company's Chief Financial Officer.
Kunal Gullapalli, 37, joined ION Group in September 2018 where he serves as
Chief Financial Officer and director of ION Analytics, director of FermION
Investment Group and leads Corporate Development. Previously, from August 2010
to August 2018, he worked in private equity investing at The Carlyle Group and
before that in investment banking at Morgan Stanley. Mr. Gullapalli holds B.S.
and M.S. degrees in Management Science & Engineering from Stanford University
and an M.B.A. from Harvard Business School.
On March 15, 2022, the Company entered into an indemnity agreement (the
"Indemnity Agreement") with Mr. Gullapalli, pursuant to which the Company has
agreed to provide contractual indemnification, in addition to the
indemnification provided in the Company's amended and restated memorandum and
articles of association, against liabilities that may arise by reason of his
respective service on the Board, and to advance expenses incurred as a result of
any proceeding against him as to which he could be indemnified, in the form
previously filed as Exhibit 10.5 to the Company's Registration Statement on Form
S-1 (File No. 333-251036) for its initial public offering, initially filed with
the U.S. Securities and Exchange Commission on November 30, 2020 (as amended,
the "Registration Statement").
On March 15, 2022, the Company entered into a joinder agreement with Mr.
Gullapalli (the "Joinder Agreement"), pursuant to which Mr. Gullapalli agreed to
certain covenants contained in the form of letter agreement previously entered
into by and between the Company and each of its other officers and directors in
connection with the Company's initial public offering.
The foregoing descriptions of the Indemnity Agreement and the Joinder Agreement
do not purport to be complete and are qualified in their entireties by reference
to the form of indemnity agreement and the Joinder Agreement, copies of which
are attached as Exhibit 10.5 to the Registration Statement and Exhibit 10.1
hereto, respectively, and are incorporated herein by reference.
Other than the foregoing, Mr. Gullapalli is not party to any arrangement or
understanding with any person pursuant to which he was appointed as Chief
Financial Officer, nor is he party to any transactions required to be disclosed
under Item 404(a) of Regulation S-K involving the Company.
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SCION TECH GROWTH I 
