Exhibit 10.7


 


INDEMNIFICATION AGREEMENT


 


This Indemnification Agreement (the “Agreement”)
is made as of the effective date indicated on the signature page hereof, by and between MDxHealth, Inc., a Delaware corporation (the “Company”),
and the undersigned individual (the “Indemnitee”).


 


WHEREAS, Indemnitee is currently serving
as a director, officer, employee and/or agent of the Company, an Affiliate (as defined below) and/or, at the Company’s request,
as a director, officer, employee and/or agent of another corporation, partnership, joint venture, trust or other enterprise, and the Company
wishes Indemnitee to continue his or her service in such capacity(ies) without concern of unwarranted personal liability; and


 


WHEREAS, the Company and Indemnitee recognize
that litigation against corporations has increased over past decades, in particular in the United States, and increasingly has subjected
officers and directors personally to the risks and expenses of such litigation; and


 


WHEREAS, the Company and its Affiliates
desire to attract and retain the services of highly qualified individuals such as Indemnitee to serve as officers and directors and to
indemnify its officers and directors so as to provide them with the maximum protection against personal liability permitted by law; and


 


WHEREAS, the Company’s Certificate
of Incorporation, as currently in effect and hereafter amended (the “Certificate”) and By-Laws, as currently in effect
and hereafter amended (the “By-Laws” and together with the Certificate, the “Charter Documents”),
do not prohibit or restrict contracts between the Company and its directors and officers with respect to indemnification of such directors
and officers; and


 


WHEREAS, the statutory indemnification provisions
of the Delaware General Corporation Law (the “DGCL”), Section 145, expressly provide that they are non-exclusive; and


 


WHEREAS, the Company, its Affiliates and
Indemnitee recognize that the cost and availability of directors’ and officers’ liability insurance has not only fluctuated
widely over time, but frequently that such insurance frequently contains express or implied limitations on coverage of specific risks
and may involve protracted claims procedures that prevent the timely payment or reimbursement of losses incurred by directors and officers
in their own defense, or by the Company or its Affiliates on their behalf; and


 


WHEREAS, the Company wishes therefore to
provide Indemnitee with an independent contractual right to indemnification and advancement of defense expenses in addition to that provided
in the Charter Documents, to the maximum extent permitted by law.


 






     


     


    

 


NOW, THEREFORE, in consideration
of these premises and the mutual agreements set forth in this Agreement, as well as other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Company and the Indemnitee hereby agree as follows:


 


1. Indemnification. 





 


(a) Third
Party Proceedings. The Company shall indemnify Indemnitee, to the fullest extent permitted by law, if Indemnitee is or was a party
or is threatened to be made a party to or is otherwise involved in (including, without limitation, as a witness) any threatened, pending
or completed action, suit, arbitration, or other alternate dispute resolution mechanism, or investigation, inquiry, administrative hearing
or any other actual, threatened or completed proceeding, whether civil, criminal, administrative or investigative, including, without
limitation, any appeal therefrom (collectively, “Proceeding”) (other than a Proceeding by or in the right of the Company
and/or any of its Affiliates to procure a judgment in its favor) by reason of (or arising in part out of) any (i) event or occurrence
related to the fact that Indemnitee is or was a director, officer, employee and/or agent of the Company or any Affiliate, or is or was
serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership, joint venture, trust
or other enterprise (collectively, “Corporate Status”), or by reason of any action alleged to have been taken or omitted
on the part of Indemnitee while serving in such capacity, or (ii) event or occurrence related to or associated with, directly or indirectly,
the U.S. operations or activities of an Affiliate, or (iii) U.S. related or associated actions alleged to have been taken or omitted,
directly or indirectly, on the part of Indemnitee while serving as a director, officer, employee and/or agent of any Affiliate or another
corporation, partnership, joint venture, trust or other enterprise at the request of such Affiliate, against all Expenses (as defined
below), judgments, penalties, fines and amounts paid in settlement, including without limitation all interest, assessments and other charges
paid or payable in connection with or in respect of the foregoing, actually and reasonably incurred by Indemnitee or on his behalf in
connection with such Proceeding or any claim, issue or matter therein, provided Indemnitee acted in good faith and in a manner
Indemnitee reasonably believed to be in or not opposed to the best interests of the Company or such Affiliate, and, with respect to any
criminal action or proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. As used herein, (i) “Affiliate”
shall mean any corporation, limited liability company, partnership, joint venture, trust or other entity controlling, controlled by, or
under common control with the Company, where ‘control’ means direct or indirect ownership of more than 50% of an entity’s
outstanding voting securities, and (ii) “Expenses” shall mean all reasonable attorneys’ fees, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges,
postage, delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting,
defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in a Proceeding.
“Expenses” also shall include Expenses incurred in connection with any appeal resulting from any Proceeding, including
without limitation the premium, security for, and other costs relating to any cost bond, supersede as bond, or other appeal bond or its
equivalent.


 


(b) Proceedings
by or in the Right of the Company. The Company shall indemnify Indemnitee, to the fullest extent permitted by law, if, by reason of
Indemnitee’s Corporate Status, or by reason of any action alleged to have been taken or omitted on the part of Indemnitee while
serving in such capacity, Indemnitee was or is a party or is threatened to be made a party to or is otherwise involved in (e.g., as a
witness) any threatened, pending or completed Proceeding brought by or in the right of the Company or any corporation, limited liability
company, partnership, joint venture, trust or other entity controlled, directly or indirectly, by the Company (collectively, a “Subsidiary”)
to procure a judgment in its favor, against all Expenses, and, to the extent permitted by law, amounts paid in settlement, including without
limitation all interest, assessments and other charges paid or payable in connection with or in respect of the foregoing, actually and
reasonably incurred by Indemnitee or on his behalf in connection with such Proceeding or any claim, issue or matter therein, provided
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company
or such Subsidiary, except that, if applicable law so provides, no such indemnification shall be made under this Section 1(b) in respect
of any Proceeding, claim, issue or matter as to which Indemnitee shall have been finally adjudicated by court order or judgment to be
liable to the Company or such Subsidiary, unless and only to the extent that the Delaware Court of Chancery or any other court in which
such Proceeding is or was brought 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 indemnity for such reasonable Expenses as the Court of Chancery
or other such court shall deem proper.


 






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(c) Additional
Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in Section 1(a) and Section
1(b) of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf if, by reason of Indemnitee’s
Corporate Status, Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or
in the right of the Company), including, without limitation, all liability arising out of the negligence or active or passive wrongdoing
of Indemnitee. The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that the
Company shall not be obligated to make any payment to Indemnitee that is finally determined to be unlawful.


 


(d) Mandatory Payment of Expenses. Notwithstanding
any other provision of this Agreement, to the extent that Indemnitee has been successful, on the merits or otherwise, in defense of any
Proceeding referred to in Section 1(a) or Section 1(b) above, or in defense of any claim, issue or matter therein, Indemnitee shall be
indemnified against all Expenses actually and reasonably incurred by Indemnitee in connection therewith. Without limiting the generality
of the foregoing, if any Proceeding is disposed of, on the merits or otherwise (including a disposition without prejudice), without (i)
the disposition being adverse to the Indemnitee, (ii) an adjudication that the Indemnitee was liable to the Company, (iii) a plea of
guilty or nolo  contendere by the Indemnitee, (iv) an adjudication that the Indemnitee did not act in good faith and
in a manner he reasonably believed to be in or not opposed to the best interests of the Company, or (v) with respect to any criminal
action or proceeding, an adjudication that the Indemnitee had reasonable cause to believe his conduct was unlawful, the Indemnitee shall
be considered for the purpose hereof to have been wholly successful with respect thereto. If Indemnitee is not wholly successful in defense
of 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 indemnify Indemnitee against all Expenses actually and reasonably incurred by him or on his behalf in connection
with each successfully resolved claim, issue or matter.


 


(e) Advancement
of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance, without duplication, all Expenses incurred
by or on behalf of Indemnitee in connection with any Proceeding referenced in Section 1(a), 1(b), 1(c), or 4(a) hereof (including, without
limitation, retainers and prepaid, deposited or escrowed amounts), within 30 days after the receipt by the Company of a statement or statements
from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such Proceeding.
Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be preceded or accompanied
by an undertaking by or on behalf of Indemnitee to repay any Expenses advanced if it shall ultimately be determined that Indemnitee is
not entitled to be indemnified against such Expenses. All such undertakings shall be unsecured, shall bear no interest and shall be accepted
without reference to the financial ability of the Indemnitee to make repayment.


 


2. Notice of Proceeding and Review of Indemnification
Request.





 


(a) Notice.
As a condition precedent to Indemnitee’s right to be indemnified under this Agreement, Indemnitee shall give the Company notice
in writing, as soon as practicable, of any Proceeding for which Indemnitee expects to or will seek indemnification or for which indemnification
could be sought under this Agreement. Such notice shall include a written request for indemnification, and shall be accompanied by a copy
of any summons, citation, subpoena, complaint, and/or indictment received by Indemnitee, as well as any other documentation and information
as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to
indemnification. Indemnitee shall direct such notice, request and documentation to the chief executive officer of the Company at the address
shown on the signature page of this Agreement (or such other address as the Company shall designate in writing to Indemnitee). In addition,
Indemnitee shall give the Company such information and cooperation as it may reasonably require and as shall be within Indemnitee’s
power.


 






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(b) Assumption
of Defense and Selection of Counsel. With respect to any Proceeding of which the Company is notified under the preceding Section 2(a),
the Company shall be entitled to participate therein at its own expense and/or to assume the defense thereof at its own expense, with
legal counsel approved by Indemnitee, which approval shall not be unreasonably withheld, upon the delivery to Indemnitee of written notice
of its election to do so, in which case Indemnitee shall provide the Company such information and cooperation as the Company may reasonably
require in connection with such defense and as shall be within Indemnitee’s power to so provide. After delivery of such notice from
the Company to the Indemnitee of its intention to assume the defense of the Proceeding, Indemnitee’s approval of Company counsel,
and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for any fees and expenses
of counsel subsequently incurred by Indemnitee with respect to such Proceeding, other than as provided below. The Indemnitee shall have
the right to employ his or her own counsel in connection with such Proceeding, but the fees and expenses of such counsel incurred after
such notice, approval and retention shall be at the expense of the Indemnitee, unless (i) the employment of counsel by the Indemnitee
has been authorized by the Company, (ii) counsel to the Indemnitee shall have reasonably concluded that there may be a conflict of interest
or position on any significant issue between the Company and the Indemnitee in the conduct of the defense of such action or (iii) the
Company shall not in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of
counsel for the Indemnitee shall be at the expense of the Company, except as otherwise expressly provided by this Agreement. The Company
shall not be entitled, without the consent of the Indemnitee, to assume the defense of any claim brought by or in the right of the Company
or as to which counsel for the Indemnitee shall have reasonably made the conclusion provided for in clause (ii) above. Notwithstanding
any of the foregoing, (i) the Company shall not be permitted to settle any Proceeding, or any claim, issue or matter therein, on behalf
of the Indemnitee, without the prior written consent of Indemnitee, unless the Company assumes full and sole responsibility for such settlement
and such settlement grants the Indemnitee a complete and unqualified release in respect of any potential or resulting liability or the
Indemnitee is otherwise fully indemnified against all such liability and (ii) the Company shall not be liable for any amount paid by the
Indemnitee in settlement of any Proceeding that is not defended by the Company, unless the Company has consented to such settlement, which
consent shall not be unreasonably withheld.


 


(c) Procedure
for Review; Reviewing Party; Payment. Any indemnification and Expense advances provided for in Section 1 and this Section 2 shall
be made by the Company promptly, and in any event within forty-five (45) days after receipt by the Company of the applicable written request
of Indemnitee, except that Expense advances pursuant to Section 1(e) shall be made no later than ten (10) days after such receipt (each,
a “Payment Period”), unless in any case with respect to such requests the Company determines prior to expiration of
the applicable Payment Period that Indemnitee did not meet the applicable standard of conduct for indemnification set forth in this Agreement.
If a claim for indemnification or for advancement of expenses under this Agreement or under any statute, provision of the Charter Documents,
resolution of the Board of Directors or otherwise providing for such indemnification is not paid in full by the Company within forty-five
(45) days after a written request for payment thereof has first been received by the Company, Indemnitee may, at any time thereafter,
bring an action against the Company to recover the unpaid amount of the claim. Subject to Section 3 of this Agreement, Indemnitee shall
also be entitled to be paid for the Expenses (including attorneys’ fees) of bringing such action. It shall be a defense to any such
action (other than an action brought to enforce a claim for expenses incurred in connection with any action, suit or proceeding in advance
of its final disposition) that Indemnitee has not met the standards of conduct which make it permissible under applicable law for the
Company to indemnify Indemnitee for the amount claimed. However, Indemnitee shall be entitled to receive interim payments of expenses
pursuant to Subsection 1(e) unless and until such defense may be finally adjudicated by court order or judgment from which no further
right of appeal exists. It is the parties’ intention that if the Company contests Indemnitee’s right to indemnification, the
question of Indemnitee’s right to indemnification shall be for the court to decide, and neither the failure of the Company (including
its Board of Directors, any committee or subgroup of the Board of Directors, independent legal counsel, or its stockholders) to have made
a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee has met the applicable standard of
conduct required by applicable law, nor an actual determination by the Company (including its Board of Directors, any committee or subgroup
of the Board of Directors, independent legal counsel, or its stockholders) that Indemnitee has not met such applicable standard of conduct,
shall create a presumption that Indemnitee has or has not met the applicable standard of conduct.


 






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(d) Notice
to Insurers. To the extent that the Company maintains, or shall at any time maintain, an insurance policy or policies providing liability
insurance for directors, officers, employees, or agents or fiduciaries of the Company or of any other corporation, partnership, joint
venture, trust, employee benefit plan or other enterprise that 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 director, officer,
employee, agent or fiduciary under such policy or policies. If, at the time of the receipt by the Company of a notice of a Proceeding
pursuant to Section 2(a) hereof, the Company has director and officer liability insurance in effect, the Company shall give prompt notice
of the commencement, or the threat of the commencement, of such Proceeding to the insurers in accordance with the procedures set forth
in the respective applicable insurance policies. The Company shall thereafter take all necessary action to cause such insurers to pay,
on behalf of the Indemnitee, all amounts payable as a result of such Proceeding in accordance with the terms of such policies; provided
that no such payments by such insurers shall relieve the Company of any liability or obligation which it may have to the Indemnitee except
as and to the extent expressly provided under this Agreement.


 


3. Indemnitee’s Right to Enforce
Indemnification Provisions; Presumptions and Burden of Proof; Expenses of Enforcement.





 


(a) Right
to Enforce Indemnification. If the Company denies Indemnitee’s request for indemnification or Expense advances provided for
in this Agreement, in whole or in part, or if disposition and payment thereof is otherwise not made within the applicable Payment Period(s)
referred to above, the right to such indemnification or Expense advances shall be enforceable by the Indemnitee in the Delaware Court
of Chancery or any other court of competent jurisdiction.


 


(b) No
Presumptions; Burden of Proof. For purposes of this Agreement, the termination of any Proceeding by judgment, order, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo contendere, or its equivalent, shall not create a presumption that
Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by this Agreement or applicable law. In addition, neither the failure of any Reviewing Party to have made a determination
as to whether an Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by any
Reviewing Party that an Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal
proceedings by such Indemnitee to secure a judicial determination that such Indemnitee should be indemnified under this Agreement or applicable
law, shall be a defense to such Indemnitee’s claim or create a presumption that such Indemnitee has not met any particular standard
of conduct or did not have any particular belief. In connection with any determination by the Reviewing Party or otherwise as to whether
the Indemnitee is entitled to indemnification or Expense advances hereunder, the burden of proof shall be on the Company to establish
that the Indemnitee is not so entitled. The provisions of this Section 3(b) shall not be deemed to be exclusive or to limit in any way
the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement.


 






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(c) Presumption
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 Company or any Affiliate, including financial statements, or on information supplied to Indemnitee by the other officers
of the Company or any Affiliate in the course of their duties, or on the advice of legal counsel for the Company or any Affiliate or on
information or records given or reports made to the Company or any Affiliate by an independent certified public accountant or by an appraiser
or other expert selected with reasonable care by the Company or any Affiliate. In addition, the knowledge and/or actions, or failure to
act, of any other director, officer, agent or employee of the Company or any Affiliate shall not be imputed to Indemnitee for purposes
of determining the right to indemnification under this Agreement. It shall in any event be presumed that Indemnitee has at all times acted
in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company. Anyone seeking
to overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence.


 


(d) The
Company shall be precluded from asserting in any judicial proceeding commenced pursuant to this Section 3 that the procedures and presumptions
of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is bound by all the provisions
of this Agreement.


 


(e) Expenses
of Enforcing Indemnification. In the event that Indemnitee seeks a judicial adjudication to enforce Indemnitee’s rights under,
or to record damages for breach of this Agreement, Indemnitee shall be entitled to recover from the Company, and shall be indemnified
by the Company against, any and all Expenses actually and reasonably incurred by Indemnitee in such judicial adjudication, but only if
Indemnitee prevails therein. If it shall be determined in said judicial adjudication that Indemnitee is entitled to receive part but not
all of the indemnification or advancement of Expenses sought, the Expenses incurred by Indemnitee in connection with such judicial adjudication
shall be appropriately prorated. The Company shall, within ten (10) days after receipt by the Company of a written request therefor from
Indemnitee, advance such Expenses to Indemnitee pursuant to comparable procedures as those set forth in Section 1(e) above with respect
to advancement of Expenses for indemnification claims under Sections 1(a), 1(b), 1(c), and 4(a).


 


4. Additional Indemnification Rights. 





 


(a) Scope.
Notwithstanding any other provision of this Agreement, the Company hereby agrees to indemnify Indemnitee to the fullest extent permitted
by law, notwithstanding that such indemnification is not specifically authorized by the other provisions of this Agreement, the Company’s
Charter Documents or by statute. In the event of any change, after the date of this Agreement, in any applicable law, statute, or rule
which expands the right of a Delaware corporation to indemnify a member of its board of directors, an officer, or an agent, such changes
shall be, ipso facto, within the purview of Indemnitee’s rights and the Company’s obligations under this Agreement.
In the event of any change in any applicable law, statute or rule which narrows the right of a Delaware corporation to indemnify a member
of its board of directors or an officer, such changes, to the extent not otherwise required by such law, statute or rule to be applied
to this Agreement shall have no effect on this Agreement or the parties’ rights and obligations hereunder.


 


(b) Nonexclusivity;
Effectiveness; Survival of Rights. The indemnification provided by this Agreement shall not be deemed exclusive of any rights to which
Indemnitee may be entitled under the Company’s Charter Documents, any other agreement, any vote of stockholders or directors, the
DGCL or other applicable law, or otherwise, both as to action taken or omitted in Indemnitee’s official capacity and as to action
taken or omitted in another capacity while holding such office. This Agreement shall be effective as of the effective date of this Agreement
and shall apply to acts or omissions of Indemnitee that occurred prior to, on, and/or after such date, provided that Indemnitee
was serving in an indemnified capacity at the time such act or omission occurred. Without limiting the generality of the foregoing, the
indemnification provided under this Agreement shall continue as to Indemnitee for any action taken or not taken while serving in an indemnified
capacity even though he or she may have ceased to serve in any such capacity at the time of the applicable action, suit or other covered
Proceeding.


 






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(c) Company
Amendments. The Company shall not adopt any amendment to the Company’s Charter Documents, or enter into any agreement, the effect
of which would be to deny, diminish or encumber Indemnitee’s rights to indemnity pursuant to this Agreement, the Charter Documents,
the DGCL or any other applicable law as applied to any act or failure to act occurring in whole or in part prior to the date upon which
the amendment or agreement was approved by the Board of Directors or the stockholders, as the case may be. If the Company shall adopt
any amendment to the Charter Documents or other agreement the effect of which would be to so deny, diminish or encumber Indemnitee’s
rights to indemnity, such amendment or agreement shall apply only to acts or failures to act occurring entirely after the date upon which
such amendment or agreement was approved.


 


5. Partial Indemnification.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of the Expenses,
judgments, penalties, fines and amounts paid in settlement (including without limitation all interest, assessments and other charges
paid or payable in connection with or in respect of such Expenses, judgments, penalties, fines and amounts paid in settlement) actually
and reasonably incurred by him or on his behalf in connection with such Proceeding or any claim, issue or matter therein, but not, however,
for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion to which Indemnitee is entitled.


 


6. Exceptions.
Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the terms of this Agreement:


 


(a) Claims
Initiated by Indemnitee. To indemnify or advance Expenses to Indemnitee with respect to any Proceedings initiated or brought voluntarily
by Indemnitee and not by way of defense, counterclaim or crossclaim, except (i) to the extent not otherwise prohibited by this Agreement,
with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement or any other agreement or
insurance policy or under the Company’s Charter Documents or any applicable statute or other law, (ii) in specific cases if the
Board of Directors has approved the initiation or bringing of such Proceeding, or (iii) as otherwise required under Section 145 of the
Delaware General Corporation Law, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, or
insurance recovery, as the case may be; or


 


(b) Lack
of Good Faith. To indemnify Indemnitee with respect to any Proceedings instituted by Indemnitee to enforce or interpret this Agreement,
if a court of competent jurisdiction determines that each of the material assertions made by Indemnitee in such Proceeding was not made
in good faith or was frivolous; or


 


(c) Insured
Claims. To indemnify Indemnitee for Expenses or liabilities of any type whatsoever (including, but not limited to, judgments, fines,
penalties, and amounts paid in settlement) to the extent such Expenses or liabilities have been paid directly to Indemnitee by an insurance
carrier under a policy of insurance; or


 






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(d) Claims
under Section 16(b). To indemnify Indemnitee for the payment of profits inuring to and recoverable by the Company pursuant to Section
16(b) of the Exchange, or any similar successor statute, and any Expenses incurred with respect thereto; or


 


(e) Other
Court Determinations. To indemnify Indemnitee for any acts or omissions, or transactions, from which a court of competent jurisdiction
finally determines an officer or director, as applicable, may not be relieved of liability under applicable law or pertinent public policy;
or


 


(f) Fraud.
To indemnify Indemnitee if a court of competent jurisdiction finally determines that Indemnitee has committed fraud on the Company.


 


7. Contribution. 





 


(a) Whether
or not the indemnification provided in Section 1(a), 1(b), 1(c), and 4(a) hereof is available, in respect of any threatened, pending or
completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit
or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such action, suit or
proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes any right of contribution
it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit or proceeding in which the Company
is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding) unless such settlement provides for a full
and final release of all claims asserted against Indemnitee.


 


(b) Without
diminishing or impairing the obligations of the Company set forth in the preceding subparagraph (a), if, for any reason, Indemnitee shall
elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action, suit or proceeding
in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Company shall contribute
to the amount of expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement actually and reasonably incurred
and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all officers, directors or employees
of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding),
on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or proceeding arose; provided, however,
that the proportion determined on the basis of relative benefit may, to the extent necessary to conform to law, be further adjusted by
reference to the relative fault of the Company and all officers, directors or employees of the Company other than Indemnitee who are jointly
liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand,
in connection with the events that resulted in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations
which the law may require to be considered. The relative fault of the Company and all officers, directors or employees of the Company,
other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand,
and Indemnitee, on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated
by intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which their
conduct is active or passive.


 


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


 


(d) To the
fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee for
any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee, whether
for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection with any claim
relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in light of all of the circumstances
of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or
transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and its directors, officers, employees
and agents) and Indemnitee in connection with such event(s) and/or transaction(s).


 






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8. Indemnification for Expenses of a Witness.
Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate
Status, a witness in any Proceeding to which Indemnitee is not a party, Indemnitee shall be indemnified against all Expenses actually
and reasonably incurred by or on his or her behalf in connection therewith.


 


9. No Duplication of Payments.
Notwithstanding any provision in this Agreement to the contrary, the Company shall not be liable under this Agreement to make
any payment in connection with any Proceeding against Indemnitee to the extent such Indemnitee has actually received payment (under any
insurance policy, provision of the Charter Documents or otherwise) of the amounts otherwise indemnifiable hereunder. In the event the
Company makes any indemnification payments to Indemnitee and Indemnitee later receives payments from the proceeds of insurance covering
the same Expenses, judgments, fines, penalties or amounts paid in settlement so indemnified by the Company, Indemnitee shall promptly
refund such indemnification payments to the Company to the extent of such insurance reimbursement.


 


10. Miscellaneous. 





 


(a) Governing
Law. This Agreement and all acts and transactions pursuant hereto and the rights and obligations of the parties hereto shall be governed,
construed and interpreted in accordance with the laws of the State of Delaware, without giving effect to principles of conflict of law.


 


(b) Consent
to Jurisdiction. The Company and Indemnitee each hereby irrevocably consents to the exclusive jurisdiction of the Court of Chancery
of Delaware for any purpose in connection with any actions or proceedings that arise out of or relate to this Agreement.


 


(c) Entire
Agreement; Amendments; Enforcement of Rights. This Agreement sets forth the entire agreement and understanding of the parties relating
to the subject matter herein and merges all prior discussions and agreements between them relating to the subject matter hereof. Except
as otherwise set forth in this Agreement, no modification of or amendment to this Agreement, nor any waiver of any rights under this Agreement,
shall be effective unless in writing signed by Indemnitee and an authorized officer of the Company who is not Indemnitee. The failure
by either party to enforce any rights under this Agreement shall not be construed as a waiver of any rights of such party.


 


(d) Notices.
All notices, request, demands and other communications hereunder shall be in writing and shall be deemed to have been duly given (i) upon
delivery, if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, (ii)
on the first business day after the date on which it is mailed by overnight courier service or transmitted via facsimile or (iii) on the
third business day after the date on which it is mailed by certified or registered mail with postage prepaid:


 


(i) If
to Indemnitee, at the address specified on the signature page of this Agreement; and


 


(ii) If
to the Company, at:


 


15279 Alton Pkwy, Suite 100


Irvine, CA 92618


Attn: Legal Dept.


 


or to such other address as may have been furnished in writing to Indemnitee
by the Company or to the Company by Indemnitee, as the case may be.


 






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(e) Due
Authority; Further Assurances. This Agreement has been duly authorized by all requisite corporate action and, when executed, acknowledged
and delivered, will become a valid and binding contract. MDxHealth, S.A., as an Affiliate of the Company, hereby acknowledges the undertakings
of the Company hereunder for the benefit of Indemnitee, recognizing that the ability to attract and retain qualified individuals provided
by such undertakings benefits not only the Company, its wholly-owned subsidiary, but also MDxHealth, S.A., and as such MDxHealth, S.A.
agrees not to take any actions, or fail to take necessary action, in a manner that is for the purpose of avoiding the obligations of the
Company with regard to such undertakings. Each of the Indemnitee, the Company and MDxHealth, S.A. agrees to execute, acknowledge and deliver
such further instruments and do all such further acts as may be necessary or appropriate to carry out the purposes and intent of this
Agreement.


 


(f) Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original and all of which together shall
constitute one instrument.


 


(g) Successors
And Assigns. This Agreement shall be binding upon the Company and its successors and assigns, including without limitation any direct
or indirect successor by purchase, merger, consolidation or otherwise to all, substantially all or a substantial part of the business
or assets of the Company. This Agreement shall inure to the benefit of Indemnitee and Indemnitee’s heirs, legal representatives,
executor and administrators. The Company shall require and cause any successor (whether direct or indirect, and whether by purchase, merger,
consolidation or otherwise) to all, substantially all or a substantial part of the business or assets of the Company, by written agreement
in form and substance reasonably satisfactory to the 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.


 


(h) Subrogation.
In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, who shall execute all documents required and shall do all acts that may be necessary to secure such rights and to enable
the Company to effectively bring suit to enforce such rights.


 


(i) 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 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; (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 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. Without limiting the generality of the foregoing, if this Agreement
or any portion hereof shall be invalidated on any ground by any court of competent jurisdiction, then the Company shall nevertheless indemnify
Indemnitee to the fullest extent permitted by any applicable portion of this Agreement that shall not have been invalidated, and the balance
of this Agreement not so invalidated shall be enforceable in accordance with its terms.


 






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(j) Construction
of Certain Phrases.


 


(i) For
purposes of this Agreement, references to the “Company” shall include, in addition to MDxHealth, Inc., any constituent
corporation (including any constituent of a constituent) absorbed in a consolidation or merger to which MDxHealth, Inc. (or any of its
Affiliates) is a party which, if its separate existence had continued, would have had power and authority to indemnify its directors,
officers, and employees or agents, so that if Indemnitee is or was a director, officer, employee or agent of such constituent corporation,
or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation,
partnership, joint venture, trust or other enterprise, Indemnitee shall stand in the same position under the provisions of this Agreement
with respect to the resulting or surviving corporation as Indemnitee would have with respect to such constituent corporation if its separate
existence had continued.


 


(ii) For
purposes of this Agreement, without limitation, references to “other enterprises” shall include employee benefit plans;
references to “fines” shall include any excise taxes assessed on Indemnitee with respect to an employee benefit plan;
and references to “serving at the request of the Company” shall include any service as a director, officer, employee
or agent of the Company or any Affiliate, which imposes any duties on, or involves services by Indemnitee with respect to an employee
benefit plan, its participants, or beneficiaries.


 


(iii) For
purposes of this Agreement, without limitation, references to “Indemnitee” shall include the corporation, partnership,
limited liability company or other enterprise through which the undersigned individual is serving as a director of the Company, as its
permanent representative.


 


(k) Company
Compliance with Law. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail
to do any act in violation of applicable law. The Company’s inability, pursuant to court order, to perform its obligations under
this Agreement shall not constitute a breach of this Agreement.


 


[Remainder of page has intentionally left blank.]


 




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IN WITNESS WHEREOF, the parties hereto have executed
this Agreement as of the effective date indicated below (or if no date is indicated, as of the latest date signed below by a party hereto).


 





	COMPANY:	 	 
	 	 	 
	MDxHealth, Inc.	 	Effective Date:
	 	 	 
	By:	 	 	 
	Print Name:	 	 	 
	Title:	 	 	 
	Date:	 _______________________ ,
    20_________	 	 


 





	INDEMNITEE:	 
	 	 
	Signed:	 	 
	Print Name:	 	 
	Name of Director Entity:	 
	 	(Indicate name of entity serving as director, for an Indemnitee serving as its permanent representative)
	
	 
	Address:		 
	 	 	 
	 	 	 
	 	 	 
	Date:	_________________ ,
    20__________	 



 


ACKNOWLEDGED AND AGREED by MDxHealth, S.A., solely as and to the
extent of the provisions of, and its obligations as set forth in, Section 10(e) of this Agreement.


 


	
    MDxHealth, S.A.
	 	MDxHealth, S.A.
	 	 	 
	By:	 	 	By:	
	Print Name:		 	Print Name:	
	Position:	 	 	Position:	
	Date:	 ____________________ , 20____________	 	Date:	_____________________ ,
    20___________


 


 


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