Exhibit 10.11


 


INDEMNITY AGREEMENT


 


This Agreement dated the ____th day of October,
2020.


 


BETWEEN:


 


ZOMEDICA CORP., a corporation, incorporated under the laws
of the Province of Alberta, Canada (hereinafter called the “Corporation”)


 


OF THE FIRST PART


 


- and -


 


•, an individual residing in •,•, USA (hereinafter
called “Indemnified Party”)


 


OF THE SECOND PART


 


WHEREAS the Indemnified Party has
agreed to act or continue to act as a director and/or officer of the Corporation and/or certain subsidiaries of the Corporation
(each, a “Subsidiary”), which includes Zomedica Pharmaceuticals, Inc., a Delaware corporation;


 


AND WHEREAS the Corporation and the Indemnified
Party wish to formalize the obligations that the Corporation owes to the Indemnified Party with respect to indemnity for liability
which the Indemnified Party may suffer or incur as a result of acting as a director and/or officer of the Corporation
and/or a Subsidiary;


 


NOW THEREFORE, IN CONSIDERATION OF the
promises and mutual covenants herein contained and other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged, the Corporation and the Indemnified Party do hereby covenant and agree as follows:


 


		1.	Indemnification



 


		(a)	To the maximum extent permitted by applicable law (including the Business Corporations Act
(Alberta) (the “Act”), the Corporation agrees to indemnify and save harmless the Indemnified Party, and
his heirs and legal representatives from and against any and all damages, liabilities, costs, charges or expenses suffered or incurred
by the Indemnified Party, and his heirs or legal representatives as a result or by reason of the Indemnified Party having
acted in his capacity as a director and/or officer of the Corporation and/or any Subsidiary at any time including before the date
of this Agreement, provided that such damages, liabilities, costs, charges or expenses were not suffered or incurred as a direct
result of the fraud, dishonesty or wilful default of the Indemnified Party.



 






     


    
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		(b)	Without limiting the generality of Section 1(a), and to the maximum extent permitted by applicable
law (including the Act), the Corporation agrees:



 


		(i)	To indemnify and save the Indemnified Party harmless from and against all investigation costs,
and other costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred
by the Indemnified Party in respect of a civil, criminal or administrative action or proceeding which the Indemnified
Party is made a party by reason of having been a director and/or officer of the Corporation and/or a Subsidiary if:



 


		(A)	The Indemnified Party acted honestly and in good faith with a view to the best interests of
the Corporation; and



 


		(B)	In the case of a criminal or administrative action or proceeding that is enforced by a monetary
penalty, the Indemnified Party had reasonable grounds for believing that its conduct was lawful.



 


		(ii)	Subject to the provisions of the Act, the Corporation agrees, with the approval of a court of competent
jurisdiction if such approval is required, to indemnify and save the Indemnified Party harmless from and against all investigation
costs, and other costs, charges and expenses reasonably incurred by him in respect of an action by or on behalf of the Corporation
or a Subsidiary to procure a judgment in its favor to which the Indemnified Party is made a party by reason of having been
a director and/or officer of the Corporation and/or a Subsidiary if:



 


		(A)	The Indemnified Party acted honestly and in good faith with a view to the best interest of the
Corporation; and



 


		(B)	In the case of a criminal or administrative action or proceeding that is enforced by a monetary
penalty, the Indemnified Party had reasonable grounds for believing that his conduct was lawful.



 


		(iii)	Notwithstanding, and in addition to, anything contained herein, the Corporation agrees to indemnify
and save harmless the Indemnified Party in respect of all investigation costs, or other costs, charges and expenses reasonably
incurred by him in connection with the defense of any civil criminal or administrative action or proceeding to which he is made
a party by reason of the Indemnified Party being or having been a director and/or officer of the Corporation and/or a
Subsidiary if the Indemnified Party:



 


		(A)	Was substantially successful on the merits in his defence of the action or proceeding;



 


		(B)	Fulfills conditions set out in Section 1(b)(i)(A) and (B) set out above; and



 


		(C)	Is fairly and reasonably entitled to indemnity.



 






     


    
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		(c)	The intention of this Agreement is to provide the Indemnified Party indemnification to the
fullest extent permitted by law and without limiting the generality of the foregoing and notwithstanding anything contained herein:



 


		(i)	Nothing in this Agreement shall be interpreted, by implication or otherwise, in limitation of the
scope of the indemnification provided in Section 1(b) hereof, and



 


		(ii)	Section 1 is intended to provide indemnification to the Indemnified Party to the fullest extent
permitted by the Act and, in the event that such statute is amended to permit a broader scope of indemnification (including,
without limitation, the deletion or limiting of one or more of the provisos to the applicability of indemnification), Section
1 shall be deemed to be amended concurrently with the amendment to the statute so as to provide such broader indemnification.



 


		(d)	The Corporation further agrees to use its best efforts to obtain any approval or approvals necessary
to provide indemnification and make payments as set forth in this Agreement (including approval of a court of competent jurisdiction
referred to in Section 1(b)(ii)), and to cooperate with the Indemnified Party and to provide the Indemnified Party with
access to any evidence which the Corporation or any Subsidiary may have or control which would enable the Indemnified Party
to make any application for or to obtain any such approval or approvals.



 


		(e)	This Agreement and the obligations of the Corporation hereunder shall continue after the term of
service of the Indemnified Party as a director and/or officer of the Corporation or any Subsidiary.



 


		2.	Pre-Paid Expenses



 


To the maximum extent permitted by applicable
law (including the Act), all costs, charges and expenses reasonably incurred by the Indemnified Party in investigating, defending
or appealing any civil, criminal or administrative action or proceeding, actual or threatened, covered hereunder shall, at the
request of the Indemnified Party, be paid by the Corporation in advance as may be appropriate to enable the Indemnified
Party to properly investigate, defend or appeal such action or proceeding, with the understanding and agreement being herein made
that, in the event it is ultimately determined that the Indemnified Party was not entitled to be so indemnified, or was not
entitled to be fully so indemnified, that the Indemnified Party shall pay to the Corporation forthwith after such ultimate
determination such amount or the appropriate portion thereof, so paid in advance.


 


		3.	Other Rights and Remedies



 


Indemnification and advance payment of
investigation costs or other costs, charges and expenses as provided by this Agreement shall not be deemed to derogate from or
exclude any other rights to which the Indemnified Party may be entitled under any provision at law, the articles or by-laws
of the Corporation, any vote of shareholders of the Corporation, or any other indemnity agreement or otherwise.


 






     


    
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		4.	Limitation of Actions and Release of Claims



 


To the extent permitted by applicable law (including
the Act), no legal action shall be brought and no course of action shall be asserted by or on behalf of the Corporation against
the Indemnified Party, and his heirs, legal representatives and their respective successors and assigns, after the expiration
of two years from the date of his ceasing to be a director and/or officer of any of the Corporation or any Subsidiary, and
the Corporation agrees that any claim or cause of action of the Corporation shall be extinguished and the Indemnified Party
and his heirs, legal representatives, and their respective successors and assigns are deemed released therefrom absolutely unless
asserted by the commencement of legal action in a court of competent jurisdiction within such two-year period.


 


		5.	Notice of Proceedings



 


The Indemnified Party agrees to give notice
to the Corporation within ten days of being served with any Statement of Claim, Writ, Notice of Motion, Indictment or other document
commencing or continuing any civil, criminal or administrative action or proceeding against the Indemnified Party as a party by
reason of the Indemnified Party having acted as a director and/or officer of the Corporation or any Subsidiary.


 


The Corporation agrees to give notice to the
Indemnified Party, in writing, within ten days, of receiving notice of any actual or threatened civil, criminal or administrative
action or proceeding or alleged wrongdoing against the Indemnified Party.


 


		6.	Retention of Counsel



 


Subject to the terms of any applicable insurance
policy,


 


		(a)	the Corporation agrees to promptly retain counsel who shall be reasonably satisfactory to the Indemnified
Party to represent the Indemnified Party in respect of any actual or threatened civil, criminal or administrative action or
proceeding for which the Indemnified Party is entitled to indemnification hereunder; and



 


		(b)	in any such action or proceeding referred to in Section 6(a) above, the Indemnified Party shall
have the right to retain other counsel to act on his behalf provided that the fees and disbursements of such other counsel shall
be paid by the Indemnified Party (and the Corporation shall not be required to advance funds for such fees and disbursements
under Section 2) unless:



 


		(i)	The Indemnified Party and the Corporation shall have mutually agreed to the retention of such other
counsel; or



 


		(ii)	The named parties to any such action or proceeding (including any added third, or interpleaded
parties) include the Corporation and/or a Subsidiary, if applicable, and the Indemnified Party, and representation of both
parties by the same counsel would be inappropriate due to actual or potential differing interests between them (including the availability
of different defences) in which event the Corporation agrees to pay the fees and disbursements of such counsel.



 






     


    
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The Indemnified Party agrees to give the
Corporation such information and cooperation as the Corporation may reasonably require from time to time in respect of all matters
hereunder.


 


		7.	Insurance



 


The Corporation agrees that it shall use reasonable
commercial efforts to obtain and maintain a policy of insurance with respect to liability relating to directors and/or officers
of the Corporation and its Subsidiaries, and it will use its reasonable best efforts to include the Indemnified Party as an
insured under such policy to the maximum extent reasonably possible.


 


		8.	Effective Time



 


This Agreement shall be effective as of the
first day the Indemnified Party commenced or commences to serve as a director and/or officer of the Corporation or a Subsidiary.


 


		9.	Notices



 


All notices, requests, demands or other communications
hereunder shall be in writing and may be either personally delivered or delivered by fax to the party to whom the notice or other
communication is directed:


 


		(a)	if to the Indemnified Party, at his current address in the records of the Corporation



 


		(b)	if to the Corporation, at:



 


The head office of the Corporation


 


Attention:Interim Chief Executive Officer/Chief Executive
Officer


 


or to such other address as party may from time
to time notify the other of in writing.


 


		10.	Severability



 


If any provision or provisions of this Agreement
shall he held to be invalid, illegal or unenforceable for any reason whatsoever:


 


		(a)	the validity, legality and enforceability of the remaining provisions of this Agreement (including,
without limitation, all portions of any paragraph of this Agreement containing such provisions held to be invalid, illegal or unenforceable
that are not of themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby; and



 


		(b)	to the fullest possible extent, the provisions of this Agreement (including, without limitations,
all portions of any paragraphs of this Agreement containing any such provisions held to be invalid, illegal or unenforceable, that
are not of themselves invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the
provision which is held to be invalid, illegal or unenforceable.



 






     


    
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		11.	Governing Law



 


The parties hereto agree that this Agreement
shall be construed and enforced in accordance with the laws of the Province of Alberta.


 


		12.	Modification and Waiver



 


No supplement, modification or amendment
of this Agreement shall be binding unless executed in writing by both parties hereto. No waiver of any of the provisions of this
Agreement shall be effective unless given in writing by the party against whom the waiver is effective, and no waiver shall constitute
a waiver of any other provision hereof (whether or not similar).


 


		13.	Entire Agreement



 


This Agreement shall constitute the entire agreement
between the parties hereto in respect of the subject matter hereof; provided that the entering into of this Agreement shall not
prevent the Indemnified Party from entering into any additional indemnity agreement with the Corporation, any Subsidiary or any
other person, and shall not affect the interpretation or enforceability of any such other agreement.


 


		14.	Legal Advice 



 


The Indemnified Party acknowledges having been
advised to obtain independent legal advice from a law firm other than Fasken Martineau DuMoulin LLP, prior to entering into this
Agreement and by entering this Agreement the Corporation and Indemnified Party represents that it did obtain whatever independent
legal advice it considered appropriate and sufficient.


 


		15.	Interpretation



 


In this Agreement: (a) headings are for convenience
of reference and shall not affect the interpretation or construction of this Agreement; (b) a reference to gender includes all
genders; (c) the singular includes the plural and vice versa; and (d) “subsidiaries” shall mean a “subsidiary”
as provided in the Act; and (d) a reference to the Act means the Act as modified, replaced, amended and/or re-enacted from time
to time.


 


		16.	Successors and Assigns



 


This Agreement shall be binding upon and enure
for the benefit of the Corporation and its successors and assigns and the Indemnified Party and his heirs and legal representatives
and their respective successors and assigns.


 





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		17.	Counterparts



 


This Agreement, or any amendment to it, may
be executed in as many counterparts as may be necessary. Signatures provided by electronic means are an acceptable and valid execution
of any such counterpart equally effective as delivery of a manually executed counterpart of this Agreement. All counterparts so
signed are to be construed together, are deemed to be an original and together constitute one and the same instrument and are deemed
an original agreement.





 


 


IN WITNESS WHEREOF the parties hereto have executed this
Agreement as at the date first above written.





 


 


	 	 	ZOMEDICA CORP.
	 	 	 	 
	 	 	 	 
	 	 	Per:	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	•