Form of Class P-4 Common Units
Class P-4 Common Unit Award Agreement
We are pleased to confirm that you have been awarded a conditional grant of Class P-4 Common Units (the Class P-4 Units) in each of Sculptor Capital, LP (SC), Sculptor Capital Advisors LP (SCA), and Sculptor Capital Advisors II LP (SCAII, and together with SC and SCA, the Partnerships), in each case, pursuant to the limited partnership agreement of the applicable Partnership (such limited partnership agreements, the LPAs) (your Class P-4 Grants). Capitalized terms used in this Award Agreement (this Award Agreement) and not defined herein will have the meaning assigned to them in the LPAs.
Your Class P-4 Grants shall be conditionally issued to you by the Partnerships in the numbers specified below and effective as of the date of grant specified below:
Class P-4 Grants:
(1) SC Class P-4 Units:  Class P-4 Units in SC
(2) SCA Class P-4 Units:  Class P-4 Units in SCA
(3) SCAII Class P-4 Units:  Class P-4 Units in SCAII
Date of Grant: 
Vesting Commencement Date: 
Certain Defined Terms
Notwithstanding anything to the contrary in the LPAs, the following defined terms shall apply to your Class P-4 Units:
Class P Service Condition or Service Condition shall be satisfied as to one-third of the Class P-4 Units on each of the third, fourth and fifth anniversaries of the Vesting Commencement Date (each date, a Service Condition Date) (with the number of Class P-4 Units pursuant to which the Service Condition is satisfied on the first two Service Condition Dates being rounded to the nearest whole unit and the Service Condition being satisfied as to 100% of the Class P-4 Units on the fifth anniversary of the Vesting Commencement Date); provided, that, except as otherwise contemplated in this Award Agreement, you remain an Active Individual LP through the applicable Service Condition Date (and you have not resigned or provided notice of your resignation on or before such date).