Exhibit 10.5


 


INDEMNITY AGREEMENT


 


THIS INDEMNITY
AGREEMENT (this “Agreement”) is made on August 30, 2021.


 


Between:


 


	 	(1)	CHW
    Acquisition Corporation, a Cayman Islands exempted company with its registered office at
    Maples Corporate Services (Cayman) Limited, PO Box 309, Ugland house, Grand Cayman KY1-1104, Cayman Islands (the “Company”);
    and


  


	 	(2)	_____________________
    (“Indemnitee”).


 


Whereas:


 


	(A)	Highly
    competent persons have become more reluctant to serve publicly-held companies as directors, officers or in other capacities unless
    they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions
    against them arising out of their service to and activities on behalf of such companies;





 


	(B)	The board
    of directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals,
    the Company will use commercially reasonable efforts to maintain on an ongoing basis, at its sole expense, liability insurance to
    protect persons serving the Company and its subsidiaries from certain liabilities. Although the furnishing of such insurance has
    been a customary and widespread practice among publicly traded companies and other business enterprises, the Company believes that,
    given current market conditions and trends, such insurance may be available to it in the future only at higher premiums and with
    more exclusions. At the same time, directors, officers and other persons in service to companies or business enterprises are being
    increasingly subjected to expensive and time-consuming litigation relating to, among other things, matters that traditionally would
    have been brought only against the Company or business enterprise itself. The amended and restated memorandum and articles of association
    of the Company (the “Articles”) provide for the indemnification of the officers and directors of the Company.
    Indemnitee may also be entitled to indemnification pursuant to applicable Cayman Islands law. The Articles expressly provide that
    the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between
    the Company and members of the Board, officers and other persons with respect to indemnification, hold harmless, exoneration, advancement
    and reimbursement rights;





 


	(C)	The uncertainties
    relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;





 


	(D)	The Board
    has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the
    Company’s shareholders and that the Company should act to assure such persons that there will be increased certainty of such
    protection in the future;





 


	(E)	It is
    reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, hold harmless, exonerate and to
    advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue
    to serve the Company free from undue concern that they will not be so protected against liabilities;





 


	(F)	This Agreement
    is a supplement to and in furtherance of the Articles and any resolutions adopted pursuant thereto, and shall not be deemed a substitute
    therefor, nor to diminish or abrogate any rights of Indemnitee thereunder;





 






    	 	 	 



     


    

 


	(G)	Indemnitee
    may not be willing to serve as an officer or director, advisor or in another capacity without adequate protection, and the Company
    desires Indemnitee to serve in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service
    for or on behalf of the Company on the condition that he be so indemnified; and


 


NOW, THEREFORE, in consideration of the premises and the covenants
contained herein and subject to the provisions of the letter agreement dated as of _______, 2021 between the Company and Indemnitee pursuant
to the Underwriting Agreement between the Company and the Underwriters in connection with the Company’s initial public offering,
the Company and Indemnitee do hereby covenant and agree as follows:


 


TERMS AND CONDITIONS


 


	1	SERVICES
    TO THE COMPANY


Indemnitee will serve or continue to serve as an officer,
director, advisor, key employee or in any other capacity of the Company, as applicable, for so long as Indemnitee is duly elected, appointed
or retained or until Indemnitee tenders his resignation or until Indemnitee is removed. The foregoing notwithstanding, this Agreement
shall continue in full force and effect after Indemnitee has ceased to serve as a director, officer, advisor, key employee or in any
other capacity of the Company, as provided in Section 17. This Agreement, however, shall not impose any obligation on Indemnitee or the
Company to continue Indemnitee’s service to the Company beyond any period otherwise required by law or by other agreements or commitments
of the parties, if any.


 


	2	DEFINITIONS


As used in this Agreement:


 


	2.1	References
    to “agent” shall mean any person who is or was a director, officer or employee of the Company or a subsidiary
    of the Company or other person authorized by the Company to act for the Company, to include such person serving in such capacity
    as a director, officer, employee, advisor, fiduciary or other official of another company, corporation, partnership, limited liability
    company, joint venture, trust or other enterprise at the request of, for the convenience of, or to represent the interests of the
    Company or a subsidiary of the Company.


  


	2.2	The
    terms “Beneficial Owner” and “Beneficial Ownership” shall have the meanings set forth in Rule
    13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.


  


	2.3	“Cayman
    Court” shall mean the Grand Court of the Cayman Islands.





 


	2.4	A “Change
    in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of any of the following
    events:





 


	 	(a)	Acquisition
    of Shares by Third Party. Other than an affiliate of CHW Acquisition Sponsor LLC, any Person
    (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen
    percent (15%) or more of the combined voting power of the Company’s then outstanding securities entitled to vote generally
    in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any
    Person results solely from a reduction in the aggregate number of outstanding shares entitled to vote generally in the election of
    directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would
    not constitute a Change in Control under part (c) of this definition;


 






    	 	 	 



     


    




 


	 	(b)	Change
    in Board of Directors. Individuals who, as of the date hereof, constitute the Board, and
    any new director whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote
    of at least two thirds of the directors then still in office who were directors on the date hereof or whose election or nomination
    for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute
    at least a majority of the members of the Board;


  


	 	(c)	Corporate
    Transactions. The effective date of a merger, share exchange, asset acquisition, share purchase,
    reorganization or similar business combination, involving the Company and one or more businesses (a “Business Combination”),
    in each case, unless, following such Business Combination: (1) all or substantially all of the individuals and entities who were
    the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business Combination
    beneficially own, directly or indirectly, more than 51% of the combined voting power of the then outstanding securities of the Company
    entitled to vote generally in the election of directors resulting from such Business Combination (including, without limitation,
    a company which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either
    directly or through one or more Subsidiaries) in substantially the same proportions as their ownership immediately prior to such
    Business Combination, of the securities entitled to vote generally in the election of directors; (2) other than an affiliate of CHW
    Acquisition Sponsor LLC, no Person (excluding any company resulting from such Business Combination) is the Beneficial Owner, directly
    or indirectly, of 15% or more of the combined voting power of the then outstanding securities entitled to vote generally in the election
    of directors of the surviving company except to the extent that such ownership existed prior to the Business Combination; and (3)
    at least a majority of the Board resulting from such Business Combination were Continuing Directors at the time of the execution
    of the initial agreement, or of the action of the Board, providing for such Business Combination;
	 	 	 
	 	(d)	Liquidation.
    The approval by the shareholders of the Company of a complete liquidation of the Company or an agreement or series of agreements
    for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s
    current receivables or escrows due (or, if such approval is not required, the decision by the Board to proceed with such a liquidation,
    sale, or disposition in one transaction or a series of related transactions); or


  


	 	(e)	Other
    Events. There occurs any other event of a nature that would be required to be reported in
    response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar item on any similar schedule or form) promulgated
    under the Exchange Act (as defined below), whether or not the Company is then subject to such reporting requirement.


  


	2.5	“Corporate
    Status” describes the status of a person who is or was a director, officer, trustee, general partner, manager, managing
    member, fiduciary, employee or agent of the Company or of any other Enterprise (as defined below) which such person is or was serving
    at the request of the Company.


  


	2.6	“Disinterested
    Director” shall mean a director of the Company who is not and was not a party to the Proceeding (as defined below) in respect
    of which indemnification is sought by Indemnitee.


 






    	 	 	 



     


    




 


	2.7	“Enterprise”
    shall mean the Company and any other company, corporation, constituent company or corporation (including any constituent of a constituent)
    absorbed in a consolidation or merger to which the Company (or any of its wholly owned subsidiaries) is a party, limited liability
    company, partnership, joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the
    request of the Company as a director, officer, trustee, general partner, manager, managing member, fiduciary, employee or agent.


  


	2.8	“Exchange
    Act” shall mean the United States Securities Exchange Act of 1934, as amended.
	 	 
	2.9	“Expenses”
    shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all
    reasonable attorneys’ fees and costs, retainers, court costs, transcript costs, fees of experts, witness fees, travel expenses,
    fees of private investigators and professional advisors, duplicating costs, printing and binding costs, telephone charges, postage,
    delivery service fees, fax transmission charges, secretarial services and all other disbursements, obligations or expenses in connection
    with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement or
    appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable compensation for time spent by Indemnitee
    for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall include Expenses incurred
    in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium,
    security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond or its equivalent. Expenses, however,
    shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.


 


 


	2.10	“Indemnity
    Obligations” shall mean all obligations of the Company to Indemnitee under this Agreement, including, without limitation,
    the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.


 


 


	2.11	“Independent
    Counsel” shall mean a law firm or a member of a law firm with significant experience in matters of corporate law and neither
    presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to
    either such party (other than with respect to matters concerning Indemnitee under this Agreement, or of other indemnitees under similar
    indemnification agreements); or (ii) any other party to the Proceeding (as defined below) giving rise to a claim for indemnification
    hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under
    the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing either the Company
    or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.


  


	2.12	References
    to “fines” shall include any excise tax assessed on Indemnitee with respect to any employee benefit plan; references
    to “serving at the request of the Company” shall include any service as a director, officer, employee, agent or
    fiduciary of the Company which imposes duties on, or involves services by, such director, officer, employee, agent or fiduciary with
    respect to an employee benefit plan, its participants or beneficiaries; and if Indemnitee acted in good faith and in a manner Indemnitee
    reasonably believed to be in the best interests of the participants and beneficiaries of an employee benefit plan, Indemnitee shall
    be deemed to have acted in a manner “not opposed to the best interests of the Company” as referred to in this
    Agreement.



 






    	 	 	 



     


    

 


	2.13	The term
    “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act as in effect on the
    date hereof; provided, however, that “Person” shall exclude: (i) the Company; (ii) any Subsidiaries (as defined
    below) of the Company; (iii) any employment benefit plan of the Company or of a Subsidiary (as defined below) of the Company or of
    any company or corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions
    as their ownership of share of the Company; and (iv) any trustee or other fiduciary holding securities under an employee benefit
    plan of the Company or of a Subsidiary (as defined below) of the Company or of a company or corporation owned directly or indirectly
    by the shareholders of the Company in substantially the same proportions as their ownership of share of the Company.


  


	2.14	The term
    “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate
    dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding,
    whether brought in the right of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims),
    criminal, administrative, or investigative or related nature, in which Indemnitee was, is, will or might be involved as a party or
    otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action (or failure
    to act) taken by him or of any action (or failure to act) on his part while acting as a director or officer of the Company, or by
    reason of the fact that he is or was serving at the request of the Company as a director, officer, trustee, general partner, manager,
    managing member, fiduciary, employee or agent of any other Enterprise, in each case whether or not serving in such capacity at the
    time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can be provided under
    this Agreement.


  


	2.15	The term
    “Subsidiary,” with respect to any Person, shall mean any company, corporation, limited liability company, partnership,
    joint venture, trust or other entity of which a majority of the voting power of the voting equity securities or equity interest is
    owned, directly or indirectly, by that Person.


  


	3	INDEMNITY
    IN THIRD-PARTY PROCEEDINGS


To the fullest extent permitted by applicable law and the
Articles, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Section 3 if
Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding,
other than a Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate
Status. Pursuant to this Section 3, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses, judgments, liabilities,
fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection
with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred by
Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith
and in a manner he reasonably believed to be in or not opposed to the best interests of the Company and, in the case of a criminal Proceeding,
had no reasonable cause to believe that his conduct was unlawful; provided, in no event shall Indemnitee be entitled to be indemnified,
held harmless or advanced any amounts hereunder in respect of any Expenses, judgments, liabilities, fines, penalties and amounts paid
in settlement (if any) that Indemnitee may incur by reason of his or her own actual fraud or intentional misconduct. Indemnitee shall
not be found to have committed actual fraud or intentional misconduct for any purpose of this Agreement unless or until a court of competent
jurisdiction shall have made a finding to that effect.


 






    	 	 	 



     


    

 


	4	INDEMNITY
    IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY


To the fullest extent permitted by applicable law and the
Articles, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the provisions of this Section 4 if
Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding
by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s Corporate Status. Pursuant to this
Section 4, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by him
or on his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a
manner he reasonably believed to be in or not opposed to the best interests of the Company. No indemnification, hold harmless or exoneration
for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally
adjudged by a court of competent jurisdiction to be liable to the Company, unless and only to the extent that any court in which the
Proceeding was brought or the Cayman Court shall determine upon application that, despite the adjudication of liability but in view of
all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification, to be held harmless or to exoneration.


 


	5	INDEMNIFICATION
    FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL


Notwithstanding any other provisions of this Agreement except
for Section 27, to the extent that Indemnitee was or is, by reason of Indemnitee’s Corporate Status, a party to (or a participant
in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or
in part, the Company shall, to the fullest extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate
Indemnitee against all Expenses actually and reasonably incurred by him in connection therewith. If Indemnitee is not wholly successful
in such Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such
Proceeding, the Company shall, to the fullest extent permitted by applicable law and the Articles, indemnify, hold harmless and exonerate
Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection with each successfully resolved
claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company also shall, to the fullest extent permitted
by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably incurred in connection
with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful. For purposes of this Section
5 and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice,
shall be deemed to be a successful result as to such claim, issue or matter.


 


	6	INDEMNIFICATION
    FOR EXPENSES OF A WITNESS


Notwithstanding any other provision of this Agreement except
for Section 27, to the extent that Indemnitee is, by reason of his Corporate Status, a witness or deponent in any Proceeding to which
Indemnitee is not a party or threatened to be made a party, he shall, to the fullest extent permitted by applicable law and the Articles,
be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by him or on his behalf in connection
therewith.


 






    	 	 	 



     


    

 


	7	ADDITIONAL
    INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS





 


	7.1	Notwithstanding
    any limitation in Sections 3, 4, or 5, except for Section 27, the Company shall, to the fullest extent permitted by applicable law
    and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened to be made a party
    to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses,
    judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable
    in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably
    incurred by Indemnitee in connection with the Proceeding. No indemnification, hold harmless or exoneration rights shall be available
    under this Section 7.1 on account of Indemnitee’s conduct which constitutes a breach of Indemnitee’s duty of loyalty
    to the Company or its shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing
    violation of the law.


  


	7.2	Notwithstanding
    any limitation in Sections 3, 4, 5 or 7.1, except for Section 27, the Company shall, to the fullest extent permitted by applicable
    law and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened to be made a party
    to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses,
    judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable
    in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably
    incurred by Indemnitee in connection with the Proceeding.


  


	8	CONTRIBUTION
    IN THE EVENT OF JOINT LIABILITY


  


	8.1	To the
    fullest extent permitted by applicable law and the Articles, if the indemnification, hold harmless and/or exoneration rights provided
    for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying,
    holding harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for
    judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding
    without requiring Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution
    it may have at any time against Indemnitee.


  


	 	8.2	The Company
    shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined
    in such Proceeding) unless such settlement provides for a full and final release of all claims asserted against Indemnitee.


  


	8.3	The Company
    hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for contribution which may be brought by
    officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee.


  


	 	9	EXCLUSIONS


Notwithstanding
any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification, advance expenses,
hold harmless or exoneration payment in connection with any claim made against Indemnitee:


 


	 	(a)	for which
    payment has actually been received by or on behalf of Indemnitee under any insurance policy or other indemnity or advancement provision,
    except with respect to any excess beyond the amount actually received under any insurance policy, contract, agreement, other indemnity
    or advancement provision or otherwise;


  


	 	(b)	for an
    accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company within the
    meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law; or


 






    	 	 	 



     


    




 


	 	(c)	except
    as otherwise provided in Sections 14.5 and 14.6 hereof, prior to a Change in Control, in connection with any Proceeding (or any part
    of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against
    the Company or its directors, officers, employees or other indemnitees, unless (i) the Board authorized the Proceeding (or any part
    of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, hold harmless or exoneration payment,
    in its sole discretion, pursuant to the powers vested in the Company under applicable law. Indemnitee shall seek payments or advances
    from the Company only to the extent that such payments or advances are unavailable from any insurance policy of the Company covering
    Indemnitee.


  


	10	ADVANCES
    OF EXPENSES; DEFENSE OF CLAIM


 


	10.1	Notwithstanding
    any provision of this Agreement to the contrary except for Section 27, and to the fullest extent not prohibited by applicable law
    or the Articles, the Company shall pay the Expenses incurred by Indemnitee (or reasonably expected by Indemnitee to be incurred by
    Indemnitee within three months) in connection with any Proceeding within ten (10) days after the receipt by the Company of a statement
    or statements requesting such advances from time to time, prior to the final disposition of any Proceeding. Advances shall, to the
    fullest extent permitted by applicable law, be unsecured and interest free. Advances shall, to the fullest extent permitted by applicable
    law and the Articles, be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s
    ultimate entitlement to be indemnified, held harmless or exonerated under the other provisions of this Agreement. Advances shall
    include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred
    preparing and forwarding statements to the Company to support the advances claimed. To the fullest extent required by applicable
    law and the Articles, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the
    Company’s receipt of an undertaking, by or on behalf of Indemnitee, to repay the advanced amounts to the extent that it is
    ultimately determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the
    Articles, applicable law or otherwise. If it shall be determined by a final judgement or other final adjudication that Indemnitee
    was not so entitled to indemnification, any advanced amount shall be returned to the Company (without interest) by the Indemnitee.
    This Section 10.1 shall not apply to any claim made by Indemnitee for which an indemnification, hold harmless or exoneration payment
    is excluded pursuant to Section 9.


  


	10.2	The Company
    will be entitled to participate in the Proceeding at its own expense.


  


	10.3	The Company
    shall not settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment, fine, penalty or
    limitation on Indemnitee without Indemnitee’s prior written consent.


  


	11	PROCEDURE
    FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION


  


	11.1	Indemnitee
    agrees to notify promptly the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information
    or other document relating to any Proceeding or matter which may be subject to indemnification, hold harmless or exoneration rights,
    or advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company shall not relieve the Company of
    any obligation which it may have to Indemnitee under this Agreement, or otherwise.


 






    	 	 	 



     


    

 


	11.2	Indemnitee
    may deliver to the Company a written application to indemnify, hold harmless or exonerate Indemnitee in accordance with this Agreement.
    Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion.
    Following such a written application for indemnification by Indemnitee, Indemnitee’s entitlement to indemnification shall be
    determined according to Section 12.1 of this Agreement.


  


	12	PROCEDURE
    UPON APPLICATION FOR INDEMNIFICATION


  


	12.1	A determination,
    if required by applicable law and the Articles, with respect to Indemnitee’s entitlement to indemnification shall be made in
    the specific case by one of the following methods: (i) if no Change in Control has occurred, (x) by a majority vote of the Disinterested
    Directors, even though less than a quorum of the Board, (y) by a committee of Disinterested Directors, even though less than a quorum
    of the Board, or (z) if there are no Disinterested Directors, or if such Disinterested Directors so direct, by Independent Counsel
    in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (ii) if a Change in Control has occurred,
    by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee. The Company will promptly
    advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled to indemnification, including
    a description of any reason or basis for which indemnification has been denied. If it is so determined that Indemnitee is entitled
    to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall reasonably
    cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification,
    including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not
    privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such
    determination. Any costs or Expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so
    cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination
    as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to hold Indemnitee harmless
    therefrom.


 






    	 	 	 



     


    




 


	12.2	In the
    event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 12.1 hereof, the
    Independent Counsel shall be selected as provided in this Section 12.2. The Independent Counsel shall be selected by Indemnitee (unless
    Indemnitee shall request that such selection be made by the Board), and Indemnitee shall give written notice to the Company advising
    it of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements
    of “Independent Counsel” as defined in Section 2 of this Agreement. If the Independent Counsel is selected by the Board,
    the Company shall give written notice to Indemnitee advising him of the identity of the Independent Counsel so selected and certifying
    that the Independent Counsel so selected meets the requirements of “Independent Counsel” as defined in Section 2 of this
    Agreement. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of
    selection shall have been received, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection;
    provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet
    the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth
    with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as
    Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve as
    Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection
    is without merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to
    Section 11.2 hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition
    the Cayman Court for resolution of any objection which shall have been made by the Company or Indemnitee to the other’s selection
    of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the Cayman Court, and the person
    with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel under Section 12.1
    hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14.1 of this Agreement, Independent
    Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional
    conduct then prevailing).


  


	12.3	The Company
    agrees to pay the reasonable fees and expenses of Independent Counsel and to fully indemnify and hold harmless such Independent Counsel
    against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant
    hereto.


  


	13	PRESUMPTIONS
    AND EFFECT OF CERTAIN PROCEEDINGS


  


	13.1	In making
    a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination
    shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification
    in accordance with Section 11.2 of this Agreement, and the Company shall have the burden of proof to overcome that presumption in
    connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure
    of the Company (including by its Disinterested Directors or Independent Counsel) to have made a determination prior to the commencement
    of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable
    standard of conduct, nor an actual determination by the Company (including by its Disinterested Directors or Independent Counsel)
    that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee
    has not met the applicable standard of conduct.


 






    	 	 	 



     


    

 


	13.2	If the
    person, persons or entity empowered or selected under Section 12 of this Agreement to determine whether Indemnitee is entitled to
    indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the request therefor,
    the requisite determination of entitlement to indemnification shall, to the fullest extent permitted by applicable law and the Articles,
    be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of
    a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection
    with the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is expressly prohibited
    under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an additional
    fifteen (15) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in good
    faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto.


  


	13.3	The termination
    of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon a plea of nolo
    contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the
    right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he
    reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that
    Indemnitee had reasonable cause to believe that his conduct was unlawful.


  


	13.4	For purposes
    of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based
    on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by
    the directors, managers, managing members, or officers of the Enterprise in the course of their duties, or on the advice of legal
    counsel for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager, or managing
    member or on information or records given or reports made to the Enterprise, its Board, any committee of the Board or any director,
    trustee, general partner, manager or managing member by an independent certified public accountant or by an appraiser or other expert
    selected by the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing
    member. The provisions of this Section 13.4 shall not be deemed to be exclusive or to limit in any way the other circumstances in
    which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement.


  


	13.5	The knowledge
    and/or actions, or failure to act, of any other director, officer, trustee, partner, manager, managing member, fiduciary, agent or
    employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this
    Agreement.


 






    	 	 	 



     


    




 


	14	REMEDIES
    OF INDEMNITEE


  


	14.1	In the
    event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled to indemnification
    under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law and the Articles, is not timely
    made pursuant to Section 10 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant
    to Section 12.1 of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification, (iv) payment
    of indemnification is not made pursuant to Sections 5, 6, 7 or the last sentence of Section 12.1 of this Agreement within ten (10)
    days after receipt by the Company of a written request therefor, (v) a contribution payment is not made in a timely manner pursuant
    to Section 8 of this Agreement, (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made in accordance
    with this Agreement within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vii)
    payment to Indemnitee pursuant to any hold harmless or exoneration rights under this Agreement or otherwise is not made within ten
    (10) days after receipt by the Company of a written request therefor, Indemnitee shall be entitled to an adjudication by the Cayman
    Court to such indemnification, hold harmless, exoneration, contribution or advancement rights. Alternatively, Indemnitee, at his
    option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules and
    Mediation Procedures of the American Arbitration Association. Except as set forth herein, the provisions of Cayman Islands law (without
    regard to its conflict of laws rules) shall apply to any such arbitration. The Company shall not oppose Indemnitee’s right
    to seek any such adjudication or award in arbitration.


  


	14.2	In the
    event that a determination shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is not entitled to indemnification,
    any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted in all respects as a de novo trial,
    or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination. In any judicial proceeding
    or arbitration commenced pursuant to this Section 14, Indemnitee shall be presumed to be entitled to be indemnified, held harmless,
    exonerated to receive advances of Expenses under this Agreement and the Company shall have the burden of proving Indemnitee is not
    entitled to be indemnified, held harmless, exonerated and to receive advances of Expenses, as the case may be, and the Company may
    not refer to or introduce into evidence any determination pursuant to Section 12.1 of this Agreement adverse to Indemnitee for any
    purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 14, Indemnitee shall not be required
    to reimburse the Company for any advances pursuant to Section 10 until a final determination is made with respect to Indemnitee’s
    entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed).


  


	14.3	If a determination
    shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is entitled to indemnification, the Company shall
    be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement
    by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
    misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.


  


	14.4	The Company
    shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 14 that the procedures
    and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such
    arbitrator that the Company is bound by all the provisions of this Agreement.


 






    	 	 	 



     


    

 


	14.5	The Company
    shall indemnify and hold harmless Indemnitee to the fullest extent permitted by applicable law and the Articles against all Expenses
    and, if requested by Indemnitee, shall (within ten (10) days after the Company’s receipt of such written request) pay to Indemnitee,
    to the fullest extent permitted by applicable law and the Articles, such Expenses which are incurred by Indemnitee in connection
    with any judicial proceeding or arbitration brought by Indemnitee (i) to enforce his rights under, or to recover damages for breach
    of, this Agreement or any other indemnification, hold harmless, exoneration, advancement or contribution agreement or provision of
    the Articles now or hereafter in effect; or (ii) for recovery or advances under any insurance policy maintained by any person for
    the benefit of Indemnitee, regardless of the outcome and whether Indemnitee ultimately is determined to be entitled to such indemnification,
    hold harmless or exoneration right, advancement, contribution or insurance recovery, as the case may be (unless such judicial proceeding
    or arbitration was not brought by Indemnitee in good faith).


  


	14.6	Interest
    shall be paid by the Company to Indemnitee at the legal rate under New York law for amounts which the Company indemnifies, holds
    harmless or exonerates, or is obliged to indemnify, hold harmless or exonerate for the period commencing with the date on which Indemnitee
    requests indemnification, to be held harmless, exonerated, contribution, reimbursement or advancement of any Expenses and ending
    with the date on which such payment is made to Indemnitee by the Company.


  


	15	SECURITY


Notwithstanding anything herein to the contrary except for
Section 27, to the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide
security to Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other
collateral. Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.


 


	16	NON-EXCLUSIVITY;
    SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION


  


	16.1	The rights
    of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time
    be entitled under applicable law, the Articles, any agreement, a vote of shareholders or a resolution of directors, or otherwise.
    No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of Indemnitee under
    this Agreement in respect of any Proceeding (regardless of when such Proceeding is first threatened, commenced or completed) arising
    out of, or related to, any action taken or omitted by such Indemnitee in his Corporate Status prior to such amendment, alteration
    or repeal. To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification,
    hold harmless or exoneration rights or advancement of Expenses than would be afforded currently under the Articles or this Agreement,
    then this Agreement (without any further action by the parties hereto) shall automatically be deemed to be amended to require that
    the Company indemnifies Indemnitee to the fullest extent permitted by law. No right or remedy herein conferred is intended to be
    exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to every other right
    and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right
    or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other right or remedy.


 






    	 	 	 



     


    

 


	16.2	The Companies
    Law (2020 Revision) of the Cayman Islands and the Articles permit the Company to purchase and maintain insurance or furnish similar
    protection or make other arrangements including, but not limited to, providing a trust fund, letter of credit, or surety bond (“Indemnification
    Arrangements”) on behalf of Indemnitee against any liability asserted against him or incurred by or on behalf of him or
    in such capacity as a director, officer, employee or agent of the Company, or arising out of his status as such, whether or not the
    Company would have the power to indemnify him against such liability under the provisions of this Agreement or under the Companies
    Law (2020 Revision) of the Cayman Islands, as it may then be in effect. The purchase, establishment, and maintenance of any such
    Indemnification Arrangement shall not in any way limit or affect the rights and obligations of the Company or of Indemnitee under
    this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee
    shall not in any way limit or affect the rights and obligations of the Company or the other party or parties thereto under any such
    Indemnification Arrangement.


  


	16.3	To the
    extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, trustees,
    partners, managers, managing members, fiduciaries, employees, or agents of the Company or of any other Enterprise which such person
    serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its or their terms
    to the maximum extent of the coverage available for any such director, officer, trustee, partner, manager, managing member, fiduciary,
    employee or agent under such policy or policies. If, at the time the Company receives notice from any source of a Proceeding as to
    which Indemnitee is a party or a participant (as a witness, deponent or otherwise), the Company has director and officer liability
    insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set
    forth in the respective policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay,
    on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies.


  


	16.4	In the
    event of any payment under this Agreement, the Company, to the fullest extent permitted by applicable law and the Articles, shall
    be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required
    and take all action necessary to secure such rights, including execution of such documents as are necessary to enable the Company
    to bring suit to enforce such rights. No such payment by the Company shall be deemed to relive any insurer of its obligations.


  


	16.5	The Company’s
    obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to Indemnitee who is or was serving at the request
    of the Company as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other Enterprise
    shall be reduced by any amount Indemnitee has actually received as indemnification, hold harmless or exoneration payments or advancement
    of expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary except for Section 27, (i)
    Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification, hold harmless, exoneration,
    advancement, contribution or insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s
    satisfaction and performance of all its obligations under this Agreement, and (ii) the Company shall perform fully its obligations
    under this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, hold
    harmless, exoneration, contribution or insurance coverage rights against any person or entity other than the Company.


 






    	 	 	 



     


    




 


	16.6	The Company
    hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of Expenses and/or insurance provided
    by one or more Persons with whom or which Indemnitee may be associated. The Company hereby acknowledges and agrees that (i) the Company
    shall be the indemnitor of first resort with respect to any Proceeding, Expense, liability or matter that is the subject of the Indemnity
    Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations and any indemnification afforded to Indemnitee
    in respect of any Proceeding, Expense, liability or matter that is the subject of Indemnity Obligations, whether created by law,
    organizational or constituent documents, contract (including, without limitation, this Agreement) or otherwise, (iii) any obligation
    of any other Persons with whom or which Indemnitee may be associated to indemnify Indemnitee and/or advance Expenses to Indemnitee
    in respect of any proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to
    indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided herein without regard to any rights
    Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person and (v)
    the Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated from any
    claim of contribution, subrogation or any other recovery of any kind in respect of amounts paid by the Company hereunder. In the
    event that any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability
    or loss which is the subject of any Indemnity Obligation owed by the Company or payable under any insurance policy provided under
    this Agreement, the payor shall have a right of subrogation against the Company or its insurer or insurers for all amounts so paid
    which would otherwise be payable by the Company or its insurer or insurers under this Agreement. In no event will payment of an Indemnity
    Obligation of the Company under this Agreement by any other Person with whom or which Indemnitee may be associated or their insurers,
    affect the obligations of the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with
    whom or which Indemnitee may be associated. Any indemnification and/or insurance or advancement of Expenses provided by any other
    Person with whom or which Indemnitee may be associated, with respect to any liability arising as a result of Indemnitee’s Corporate
    Status or capacity as an officer or director of any Person, is specifically in excess of any Indemnity Obligation of the Company
    or valid and any collectible insurance (including, without limitation, any malpractice insurance or professional errors and omissions
    insurance) provided by the Company under this Agreement, and any obligation to provide indemnification and/or insurance or advance
    Expenses provided by any other Person with whom or which Indemnitee may be associated shall be reduced by any amount that Indemnitee
    collects from the Company as an indemnification payment or advancement of Expenses pursuant to this Agreement.


  


	17	DURATION
    OF AGREEMENT


All agreements and obligations of the Company contained
herein shall continue during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee,
partner, manager, managing member, fiduciary, employee or agent of any other company, corporation, partnership, joint venture, trust,
employee benefit plan or other Enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long
as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee
pursuant to Section 14 of this Agreement) by reason of his Corporate Status, whether or not he is acting in any such capacity at the
time any liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.


 






    	 	 	 



     


    

 


	18	SEVERABILITY


If any provision or provisions of this Agreement shall be
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, each portion of any Section, paragraph or sentence of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any
way be affected or impaired thereby and shall remain enforceable to the fullest extent permitted by applicable law (and the Articles);
(b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum
effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without
limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal
or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested
thereby.


 


	19	ENFORCEMENT
    AND BINDING EFFECT


  


	19.1	The Company
    expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in order to
    induce Indemnitee to serve as a director, officer or key employee of the Company, and the Company acknowledges that Indemnitee is
    relying upon this Agreement in serving as a director, officer or key employee of the Company.


 


 


	19.2	Without
    limiting any of the rights of Indemnitee under the Articles as they may be amended from time to time, this Agreement constitutes
    the entire agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and
    understandings, oral, written and implied, between the parties hereto with respect to the subject matter hereof.


  


	19.3	The indemnification,
    hold harmless, exoneration and advancement of expenses rights provided by or granted pursuant to this Agreement shall be binding
    upon and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor
    by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the Company), shall
    continue as to an Indemnitee who has ceased to be a director, officer, employee or agent of the Company or a director, officer, trustee,
    general partner, manager, managing member, fiduciary, employee or agent of any other Enterprise at the Company’s request, and
    shall inure to the benefit of Indemnitee and his or her spouse, assigns, heirs, devisees, executors and administrators and other
    legal representatives.


  


	19.4	The Company
    shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all, substantially
    all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory
    to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company
    would be required to perform if no such succession had taken place.


 






    	 	 	 



     


    

 


	19.5	The Company
    and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may be inadequate, impracticable
    and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto
    agree that Indemnitee may, to the fullest extent permitted by applicable law and the Articles, enforce this Agreement by seeking,
    among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable
    harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining
    any other relief to which he may be entitled. The Company and Indemnitee further agree that Indemnitee shall to the fullest extent
    permitted by applicable law (and the Articles) be entitled to such specific performance and injunctive relief, including temporary
    restraining orders, preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking
    in connection therewith. The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee
    by a Court of competent jurisdiction and the Company hereby waives any such requirement of such a bond or undertaking to the fullest
    extent permitted by applicable law and the Articles.


  


	20	MODIFICATION
    AND WAIVER


No supplement, modification or amendment of this Agreement
shall be binding unless executed in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall
be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.


 


	21	NOTICES


All notices, requests, demands and other communications
under this Agreement shall be in writing and shall be deemed to have been duly given (i) if delivered by hand and receipted for by the
party to whom said notice or other communication shall have been directed, or (ii) mailed by certified or registered mail with postage
prepaid, on the third (3rd) business day after the date on which it is so mailed:


 


	 	(a)	If to
    Indemnitee, at the address indicated on the signature page of this Agreement or such other address as Indemnitee shall provide in
    writing to the Company.


  


	 	(b)	If to
    the Company, to:


CHW
Acquisition Corporation

2 Manhattanville Road, Suite 403


 


Purchase, NY 10577

Attn: Jonah Raskas


 


With a copy, which shall not constitute notice, to:


 


Reed Smith LLP 


599 Lexington Avenue 


New York, NY 10022 


Attn: Ari Edelman, Esq.


 


or to any other address as may have been furnished to Indemnitee
in writing by the Company.


 






    	 	 	 



     


    

 


	22	APPLICABLE
    LAW AND CONSENT TO JURISDICTION


This Agreement and the legal relations among the parties
shall be governed by, and construed and enforced in accordance with, the laws of the State of New York. Except with respect to any arbitration
commenced by Indemnitee pursuant to Section 14.1 of this Agreement, to the fullest extent permitted by law the Company and Indemnitee
hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out of or in connection with this Agreement shall
be brought only in the Courts of the State of New York and not in any other state or federal court in the United States of America or
any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Courts of the State of New York for purposes
of any action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to the laying of venue of any
such action or proceeding in the Courts of the State of New York; and (d) waive, and agree not to plead or to make, any claim that any
such action or proceeding brought in the Courts of the State of New York has been brought in an improper or inconvenient forum, or is
subject (in whole or in part) to a jury trial. To the fullest extent permitted by law, the parties hereby agree that the mailing of process
and other papers in connection with any such action or proceeding in the manner provided by Section 21 or such other manner as may be
permitted by law, shall be valid and sufficient service thereof.


 


	23	IDENTICAL
    COUNTERPARTS


This Agreement may be executed in one or more counterparts,
each of which shall for all purposes be deemed to be an original but all of which together shall constitute one and the same Agreement.
Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of
this Agreement.


 


	24	MISCELLANEOUS


Use of the masculine pronoun shall be deemed to include
usage of the feminine pronoun where appropriate. The headings of the paragraphs of this Agreement are inserted for convenience only and
shall not be deemed to constitute part of this Agreement or to affect the construction thereof.


 


	25	PERIOD
    OF LIMITATIONS


No legal action shall be brought and no cause of action
shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal
representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action
of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such two-year
period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such shorter
period shall govern.


 


	26	ADDITIONAL
    ACTS


If for the validation of any of the provisions in this Agreement
any act, resolution, approval or other procedure is required, to the fullest extent permitted by law, the Company undertakes to cause
such act, resolution, approval or other procedure to be affected or adopted in a manner that will enable the Company to fulfil its obligations
under this Agreement.


 


	27	WAIVER
    OF CLAIMS TO TRUST ACCOUNT


Indemnitee hereby agrees that it does not have any right,
title, interest or claim of any kind (each, a “Claim”) in or to any monies in the trust account established in connection
with the Company’s initial public offering for the benefit of the Company and holders of shares issued in such offering, and hereby
waives any Claim it may have in the future as a result of, or arising out of, any services provided to the Company and will not seek
recourse against such trust account for any reason whatsoever. Accordingly, Indemnitee acknowledges and agrees that any indemnification
provided hereto will only be able to be satisfied by the Company if (i) the Company has sufficient funds outside of the Trust Account
to satisfy its obligations hereunder or (ii) the Company consummated a Business Combination.


 






    	 	 	 



     


    

 


	28.	MAINTENANCE
    OF INSURANCE


The Company shall use commercially reasonable efforts to
obtain and maintain in effect during the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement,
one or more policies of insurance with reputable insurance companies to provide the officers/directors of the Company with coverage for
losses from wrongful acts and omissions and to ensure the Company’s performance of its indemnification obligations under this Agreement.
The Indemnitee shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage
available for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named
as an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to the most favorably insured
of the Company’s directors and officers.


 


	29.	INTERPRETATION


In this Agreement:


 


	 	(a)	words
    importing the singular number include the plural number and vice versa; words importing the masculine gender include the feminine
    gender;
	 	 	 
	 	(b)	“written”
    and “in writing” include all modes of representing or reproducing words in visible form, including in the form of an
    Electronic Record;
	 	 	 
	 	(c)	“shall”
    shall be construed as imperative and “may” shall be construed as permissive;
	 	 	 
	 	(d)	references
    to provisions of any law or regulation shall be construed as references to those provisions as amended, modified, re-enacted or replaced;
	 	 	 
	 	(e)	any phrase
    introduced by the terms “including”, “include”, “in particular” or any similar expression shall
    be construed as illustrative and shall not limit the sense of the words preceding those terms;
	 	 	 
	 	(f)	the term
    “and/or” is used herein to mean both “and” as well as “or. “ The use of “and/or”
    in certain contexts in no respects qualifies or modifies the use of the terms “and” or “or” in others. The
    term “or” shall not be interpreted to be exclusive and the term “and” shall not be interpreted to require
    the conjunctive (in each case, unless the context otherwise requires);
	 	 	 
	 	(g)	headings
    are inserted for reference only and shall be ignored in construing this Agreement;
	 	 	 
	 	(h)	any requirements
    as to delivery under this Agreement include delivery in the form of an electronic record (as defined in the Electronic Transactions
    Law (2003));
	 	 	 
	 	(i)	any requirements
    as to execution or signature under this Agreement including the execution of this Agreement itself can be satisfied in the form of
    an electronic signature (as defined in the Electronic Transactions Law (2003 Revision));
	 	 	 
	 	(j)	sections
    8 and 19(3) of the Electronic Transactions Law (2003 Revision) shall not apply


 


[SIGNATURE PAGE FOLLOWS] 


 



    	 	 	 



     


    

 





IN
WITNESS WHEREOF, the parties hereto have caused this Indemnity Agreement to be signed on the day and year first above written.


 





	 	CHW
    ACQUISITION CORPORATION
	 	 	 
	 	By:	 
	 	 	Name:
    Jonah Raskas
	 	 	Title:
    Co-Chief Executive Officer
	 	 	 
	 	INDEMNITEE


  


	 	By:	 
	 	 	Name:


 


 [Signature Page to Indemnity Agreement]