Document:

Exhibit
10.24

 

Warrant
Agent Agreement

 

This
WARRANT AGENT AGREEMENT (this “Warrant Agreement”) dated as of [●], 2022 (the “Issuance Date”)
is between Sharps Technology, Inc., a Nevada corporation (the “Company”), and VStock Transfer, LLC (the “Warrant
Agent”).

 

WHEREAS,
pursuant to the terms of that certain Underwriting Agreement (“Underwriting Agreement”), dated [●], 2022, by
and among the Company and Aegis Capital Corp., as the underwriter set forth therein (the “Underwriter”), the Company
is engaged in a public offering of up to [●] common units (the “Common Units”), with each Common Unit consisting
of one (1) share of common stock, par value $0.0001 per share (the “Common Stock”) of the Company and two (2) warrants
(the “Warrant”, and collectively, the “Warrants”), each Warrant exercisable for  one (1) share of Common Stock; and

 

WHEREAS,
the Company has filed with the Securities and Exchange Commission (the “Commission”) a Registration Statement on Form
S-1/A (File No. 333-263715) (as the same may be amended from time to time, the “Registration Statement”), for the
registration under the Securities Act of 1933, as amended (the “Securities Act”), of the Common Units, Warrants, and
shares underlying Warrants, and such Registration Statement was declared effective on [●], 2022; and

 

WHEREAS,
the Company desires the Warrant Agent to act on behalf of the Company, and the Warrant Agent is willing to so act, in accordance with
the terms set forth in this Warrant Agreement in connection with the issuance, registration, transfer, exchange and exercise of the Warrants;

 

WHEREAS,
the Company desires to provide for the provisions of the Warrants, the terms upon which they shall be issued and exercised, and the respective
rights, limitation of rights, and immunities of the Company, the Warrant Agent, and the holders of the Warrants; and

 

WHEREAS,
all acts and things have been done and performed which are necessary to make the Warrants the valid, binding and legal obligations of
the Company, and to authorize the execution and delivery of this Warrant Agreement.

 

NOW,
THEREFORE, in consideration of the mutual agreements herein contained, the parties hereto agree as follows:

 

1.
Appointment of Warrant Agent. The Company hereby appoints the Warrant Agent to act as agent for the Company with respect to the
Warrants, and the Warrant Agent hereby accepts such appointment and agrees to perform the same in accordance with the express terms and
conditions set forth in this Warrant Agreement (and no implied terms or conditions).

 

2.
Warrants.

 

2.1.
Form of Warrants. The Warrants shall be registered securities and shall be evidenced by a global warrant (“Global Warrant”)
in the form of Exhibit A to this Warrant Agreement, which shall be deposited on behalf of the Company with a custodian for The
Depository Trust Company (“DTC”) and registered in the name of Cede & Co., a nominee of DTC. The terms of the
Global Warrant are incorporated herein by reference. If DTC subsequently ceases to make its book-entry settlement system available for
the Warrants, the Company may instruct the Warrant Agent regarding making other arrangements for book-entry settlement. In the event
that the Warrants are not eligible for, or it is no longer necessary to have the Warrants available in, book-entry form, the Company
may instruct the Warrant Agent to provide written instructions to DTC to deliver to the Warrant Agent for cancellation the Global Warrant,
and the Company shall instruct the Warrant Agent to deliver to DTC separate certificates evidencing Warrants (“Definitive Certificates”
and, together with the Global Warrant, “Warrant Certificates”) registered as requested through the DTC system.

 

    	 

    	 

    

 

2.2.
Issuance and Registration of Warrants.

 

2.2.1.
Warrant Register. The Warrant Agent shall maintain books (“Warrant Register”) for the registration of original
issuance and the registration of transfer of the Warrants.

 

2.2.2.
Issuance of Warrants. Upon the initial issuance of the Warrants, the Warrant Agent shall issue the Global Warrant and deliver
the Warrants in the DTC book-entry settlement system in accordance with written instructions delivered to the Warrant Agent by the Company.
Ownership of security entitlements in the Warrants shall be shown on, and the transfer of such ownership shall be effected through, records
maintained (i) by DTC and (ii) by institutions that have accounts with DTC (each, a “Participant”).

 

2.2.3.
Beneficial Owner; Holder. Prior to due presentment for registration of transfer of any Warrant, the Company and the Warrant Agent
may deem and treat the person in whose name that Warrant shall be registered on the Warrant Register (the “Holder”)
as the absolute owner of such Warrant for purposes of any exercise thereof, and for all other purposes, and neither the Company nor the
Warrant Agent shall be affected by any notice to the contrary. Notwithstanding the foregoing, nothing herein shall prevent the Company,
the Warrant Agent or any agent of the Company or the Warrant Agent from giving effect to any written certification, proxy or other authorization
furnished by DTC governing the exercise of the rights of a holder of a beneficial interest in any Warrant. The rights of beneficial owners
in a Warrant evidenced by the Global Warrant shall be exercised by the Holder or a Participant through the DTC system, except to the
extent set forth herein or in the Global Warrant.

 

2.2.4.
Delivery of Warrant Certificate. A Holder has the right to elect at any time or from time to time a Warrant Exchange (as defined
below) pursuant to a Warrant Certificate Request Notice (as defined below). Upon written notice by a Holder to the Warrant Agent for
the exchange of some or all of such Holder’s Global Warrants for a Warrant Certificate evidencing the same number of Warrants,
which request shall be in the form attached hereto as Exhibit B (a “Warrant Certificate Request Notice” and
the date of delivery of such Warrant Certificate Request Notice by the Holder, the “Warrant Certificate Request Notice Date”
and the deemed surrender upon delivery by the Holder of a number of Global Warrants for the same number of Warrants evidenced by a Warrant
Certificate, a “Warrant Exchange”), the Warrant Agent shall promptly effect the Warrant Exchange and shall promptly
issue and deliver to the Holder a Warrant Certificate for such number of Warrants in the name set forth in the Warrant Certificate Request
Notice. Such Warrant Certificate shall be dated the date of issuance of the Warrant Certificate, shall include the initial exercise date
of the Warrants, shall be executed by an authorized signatory of the Company and shall be reasonably acceptable in all respects to such
Holder. In connection with a Warrant Exchange, the Company agrees to deliver, or to direct the Warrant Agent to deliver, the Warrant
Certificate to the Holder within three (3) Business Days of the Warrant Certificate Request Notice pursuant to the delivery instructions
in the Warrant Certificate Request Notice (“Warrant Certificate Delivery Date”). If the Company fails for any reason
to deliver to the Holder the Warrant Certificate subject to the Warrant Certificate Request Notice by the Warrant Certificate Delivery
Date, the Company shall pay to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of shares of Common Stock
issuable upon exercise of the Warrants (the “Warrant Shares”) evidenced by such Warrant Certificate (based on the
VWAP (as defined in the Warrants) of the Common Stock on the Warrant Certificate Request Notice Date), $10 per Business Day for each
Business Day after such Warrant Certificate Delivery Date until such Warrant Certificate is delivered or, prior to delivery of such Warrant
Certificate, the Holder rescinds such Warrant Exchange. The Company covenants and agrees that, upon the date of delivery of the Warrant
Certificate Request Notice, the Holder shall be deemed to be the holder of the Warrant Certificate and, notwithstanding anything to the
contrary set forth herein, the Warrant Certificate shall be deemed for all purposes to contain all of the terms and conditions of the
Warrants evidenced by such Warrant Certificate and the terms of this Agreement.

 

2.2.5.
Execution. The Warrant Certificates shall be executed on behalf of the Company by any authorized officer of the Company (an “Authorized
Officer”), which need not be the same authorized signatory for all of the Warrant Certificates, either manually or by facsimile
signature. The Warrant Certificates shall be countersigned by an authorized signatory of the Warrant Agent, which need not be the same
signatory for all of the Warrant Certificates, and no Warrant Certificate shall be valid for any purpose unless so countersigned. In
case any Authorized Officer of the Company that signed any of the Warrant Certificates ceases to be an Authorized Officer of the Company
before countersignature by the Warrant Agent and issuance and delivery by the Company, such Warrant Certificates, nevertheless, may be
countersigned by the Warrant Agent, issued and delivered with the same force and effect as though the person who signed such Warrant
Certificates had not ceased to be such officer of the Company; and any Warrant Certificate may be signed on behalf of the Company by
any person who, at the actual date of the execution of such Warrant Certificate, shall be an Authorized Officer of the Company authorized
to sign such Warrant Certificate, although at the date of the execution of this Warrant Agreement any such person was not such an Authorized
Officer.

 

    	 

    	 

    

 

2.2.6.
Registration of Transfer. At any time at or prior to the Expiration Date (as defined below), a transfer of any Warrants may be
registered and any Warrant Certificate or Warrant Certificates may be split up, combined or exchanged for another Warrant Certificate
or Warrant Certificates evidencing the same number of Warrants as the Warrant Certificate or Warrant Certificates surrendered. Any Holder
desiring to register the transfer of Warrants or to split up, combine or exchange any Warrant Certificate shall make such request in
writing delivered to the Warrant Agent, and shall surrender to the Warrant Agent the Warrant Certificate or Warrant Certificates evidencing
the Warrants the transfer of which is to be registered or that is or are to be split up, combined or exchanged and, in the case of registration
of transfer, shall provide a signature guarantee. Thereupon, the Warrant Agent shall countersign and deliver to the person entitled thereto
a Warrant Certificate or Warrant Certificates, as the case may be, as so requested. The Company and the Warrant Agent may require payment,
by the Holder requesting a registration of transfer of Warrants or a split-up, combination or exchange of a Warrant Certificate (but,
for purposes of clarity, not upon the exercise of the Warrants and issuance of Warrant Shares to the Holder), of a sum sufficient to
cover any tax or governmental charge that may be imposed in connection with such registration of transfer, split-up, combination or exchange,
together with reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental thereto.

 

2.2.7.
Loss, Theft and Mutilation of Warrant Certificates. Upon receipt by the Company and the Warrant Agent of evidence reasonably satisfactory
to them of the loss, theft, destruction or mutilation of a Warrant Certificate, and, in case of loss, theft or destruction, of indemnity
or security in customary form and amount, and reimbursement to the Company and the Warrant Agent of all reasonable expenses incidental
thereto, and upon surrender to the Warrant Agent and cancellation of the Warrant Certificate if mutilated, the Warrant Agent shall, on
behalf of the Company, countersign and deliver a new Warrant Certificate of like tenor to the Holder in lieu of the Warrant Certificate
so lost, stolen, destroyed or mutilated. The Warrant Agent may charge the Holder an administrative fee for processing the replacement
of lost Warrant Certificates,. The Warrant Agent may receive compensation from the surety companies or surety agents for administrative
services provided to them.

 

2.2.8.
Proxies. The Holder of a Warrant may grant proxies or otherwise authorize any person, including the Participants and beneficial
holders that may own interests through the Participants, to take any action that a Holder is entitled to take under this Agreement or
the Warrants; provided, however, that at all times that Warrants are evidenced by a Global Warrant, exercise of those Warrants
shall be effected on their behalf by Participants through DTC in accordance the procedures administered by DTC.

 

3.
Terms and Exercise of Warrants.

 

3.1.
Exercise Price. Each Warrant shall entitle the Holder, subject to the provisions of the applicable Warrant Certificate and of
this Warrant Agreement, to purchase from the Company the number of shares of Common Stock stated therein, at the price $________ with
respect to the Warrants, subject to the subsequent adjustments provided in the Global Warrant. The term “Exercise Price”
as used in this Warrant Agreement refers to the price per share at which shares of Common Stock may be purchased at the time a Warrant
is exercised.

 

3.2.
Duration of Warrants. A Warrant may be exercised only during the period (“Exercise Period”) commencing on the
date of issuance and ending on the Termination Date. For purposes of this Warrant Agreement, the “Termination Date”
shall have the meaning set forth in the Global Warrant. Each Warrant not exercised on or before the Termination Date shall become
void, and all rights thereunder and all rights in respect thereof under this Agreement shall cease at the close of business on the Termination
Date.

 

3.3.
Exercise of Warrants.

 

3.3.1.
Exercise. Subject to the provisions of the Global Warrant, a Holder (or a Participant or a designee of a Participant acting on
behalf of a Holder) may exercise Warrants by delivering to the Warrant Agent, not later than 5:00 P.M., Eastern Standard Time, on any
business day during the Exercise Period a notice of exercise of the Warrants to be exercised (i) in the form attached to the Global Warrant
or (ii) via an electronic warrant exercise through the DTC system (each, an “Election to Purchase”). All other requirements
for the exercise of a Warrant shall be as set forth in the Warrant.

 

    	 

    	 

    

 

3.3.2.
The Warrant Agent shall, by 5:00 p.m., New York City time, on the Trading Day following the Exercise Date of any Warrant, advise the
Company, the transfer agent and registrar for the Company’s Common Stock, in respect of (i) the number of Warrant Shares indicated
on the Notice of Exercise as issuable upon such exercise with respect to such exercised Warrants, (ii) the instructions of the Holder
or Participant, as the case may be, provided to the Warrant Agent with respect to the delivery of the Warrant Shares and the number of
Warrants that remain outstanding after such exercise and (iii) such other information as the Company or such transfer agent and registrar
shall reasonably request. The Company shall issue the Warrant Shares in compliance with the terms of the Warrant.

 

3.3.3.
Valid Issuance. All Warrant Shares issued by the Company upon the proper exercise of a Warrant in conformity with this Warrant
Agreement shall be validly issued, fully paid and non-assessable.

 

3.3.4.
No Fractional Exercise. Notwithstanding any provision contained in this Warrant Agreement to the contrary, no fractional shares
or scrip representing fractional shares shall be issued upon the exercise of the Warrant. As to any fraction of a share which the Holder
would otherwise be entitled to purchase upon such exercise, the Company shall, at its election, either pay a cash adjustment in respect
of such final fraction in an amount equal to such fraction multiplied by the Exercise Price or round up to the next whole share.

 

3.3.5.
No Transfer Taxes. The Company shall not be required to pay any stamp or other tax or governmental charge required to be paid
in connection with any transfer involved in the issue of the Warrant Shares upon the exercise of Warrants; and in the event that any
such transfer is involved, the Company shall not be required to issue or deliver any Warrant Shares until such tax or other charge shall
have been paid or it has been established to the Company’s satisfaction that no such tax or other charge is due.

 

3.3.6.
Date of Issuance. The Company will treat an exercising Holder as a beneficial owner of the Warrant Shares as of the Exercise Date,
and for purposes of Regulation SHO, a holder whose interest in this Warrant is a beneficial interest in certificate(s) representing this
Warrant held in book-entry form through DTC shall be deemed to have exercised its interest in this Warrant upon instructing its broker
that is a DTC participant to exercise its interest in this Warrant, except that, if the Exercise Date is a date when the stock transfer
books of the Company are closed, such person shall be deemed to have become the holder of such shares at the open of business on the
next succeeding date on which the stock transfer books are open.

 

4.
Adjustments. Upon every adjustment of the Exercise Price or the number of Warrant Shares issuable upon exercise of a Warrant,
the Company shall give written notice thereof to the Warrant Agent, which notice shall state the Exercise Price resulting from such adjustment
and the increase or decrease, if any, in the number of Warrant Shares purchasable at such price upon the exercise of a Warrant, setting
forth in reasonable detail the method of calculation and the facts upon which such calculation is based. Upon the occurrence of any event
specified in Section 3 of the Warrant, then, in any such event, the Company shall give written notice to the Warrant Agent. Failure to
give such notice, or any defect therein, shall not affect the legality or validity of such event. The Warrant Agent shall be entitled
to rely conclusively on, and shall be fully protected in relying on, any certificate, notice or instructions provided by the Company
with respect to any adjustment of the Exercise Price or the number of shares issuable upon exercise of a Warrant, or any related matter,
and the Warrant Agent shall not be liable for any action taken, suffered or omitted to be taken by it in accordance with any such certificate,
notice or instructions or pursuant to this Warrant Agreement. The Warrant Agent shall not be deemed to have knowledge of any such adjustment
unless and until it shall have received written notice thereof from the Company.

 

5.
Restrictive Legends; Fractional Warrants. In the event that a Warrant Certificate surrendered for transfer bears a restrictive
legend, the Warrant Agent shall not register that transfer until the Warrant Agent has received an opinion of counsel for the Company
stating that such transfer may be made and indicating whether the Warrants must also bear a restrictive legend upon that transfer. The
Warrant Agent shall not be required to effect any registration of transfer or exchange which will result in the transfer of or delivery
of a Warrant Certificate for a fraction of a Warrant.

 

    	 

    	 

    

 

6.
Other Provisions Relating to Rights of Holders of Warrants.

 

6.1.
No Rights as Stockholder. Except as otherwise specifically provided herein, a Holder, solely in its capacity as a holder of Warrants,
shall not be entitled to vote or receive dividends or be deemed the holder of share capital of the Company for any purpose, nor shall
anything contained in this Warrant Agreement be construed to confer upon a Holder, solely in its capacity as the registered holder of
Warrants, any of the rights of a stockholder of the Company or any right to vote, give or withhold consent to any corporate action (whether
any reorganization, issue of stock, reclassification of share capital, consolidation, merger, conveyance or otherwise), receive notice
of meetings, receive dividends or subscription rights or rights to participate in new issues of shares, or otherwise, prior to the issuance
to the Holder of the Warrant Shares which it is then entitled to receive upon the due exercise of Warrants.

 

6.2.
Reservation of Common Stock. The Company shall at all times reserve and keep available a number of its authorized but unissued
shares of Common Stock that will be sufficient to permit the exercise in full of all outstanding Warrants issued pursuant to this Warrant
Agreement.

 

7.
Concerning the Warrant Agent and Other Matters.

 

7.1.
Any instructions given to the Warrant Agent orally, as permitted by any provision of this Warrant Agreement, shall be confirmed in writing
by the Company as soon as practicable. The Warrant Agent shall not be liable or responsible and shall be fully authorized and protected
for acting, or failing to act, in accordance with any oral instructions which do not conform with the written confirmation received in
accordance with this Section 7.1.

 

7.2.
(a) Whether or not any Warrants are exercised, for the Warrant Agent’s services as agent for the Company hereunder, the Company
shall pay to the Warrant Agent such fees as may be separately agreed between the Company and Warrant Agent and the Warrant Agent’s
out of pocket expenses in connection with this Warrant Agreement, including, without limitation, the fees and expenses of the Warrant
Agent’s counsel. While the Warrant Agent endeavors to maintain out-of-pocket charges (both internal and external) at competitive
rates, these charges may not reflect actual out-of-pocket costs, and may include handling charges to cover internal processing and use
of the Warrant Agent’s billing systems. (b) All amounts owed by the Company to the Warrant Agent under this Warrant Agreement are
due within 30 days of the invoice date. Delinquent payments are subject to a late payment charge of one and one-half percent (1.5%) per
month commencing 45 days from the invoice date. The Company agrees to reimburse the Warrant Agent for any attorney’s fees and any
other costs associated with collecting delinquent payments. (c) No provision of this Warrant Agreement shall require Warrant Agent to
expend or risk its own funds or otherwise incur any financial liability in the performance of any of its duties under this Warrant Agreement
or in the exercise of its rights.

 

7.3.
As agent for the Company hereunder the Warrant Agent: (a) shall have no duties or obligations other than those specifically set forth
herein or as may subsequently be agreed to in writing by the Warrant Agent and the Company; (b) shall be regarded as making no representations
and having no responsibilities as to the validity, sufficiency, value, or genuineness of the Warrants or any Warrant Shares; (c) shall
not be obligated to take any legal action hereunder; if, however, the Warrant Agent determines to take any legal action hereunder, and
where the taking of such action might, in its judgment, subject or expose it to any expense or liability it shall not be required to
act unless it has been furnished with an indemnity reasonably satisfactory to it; (d) may rely on and shall be fully authorized and protected
in acting or failing to act upon any certificate, instrument, opinion, notice, letter, telegram, telex, facsimile transmission or other
document or security delivered to the Warrant Agent and believed by it to be genuine and to have been signed by the proper party or parties;
(e) shall not be liable or responsible for any recital or statement contained in the Registration Statement or any other documents relating
thereto; (f) shall not be liable or responsible for any failure on the part of the Company to comply with any of its covenants and obligations
relating to the Warrants, including without limitation obligations under applicable securities laws; (g) may rely on and shall be fully
authorized and protected in acting or failing to act upon the written, telephonic or oral instructions with respect to any matter relating
to its duties as Warrant Agent covered by this Warrant Agreement (or supplementing or qualifying any such actions) of officers of the
Company, and is hereby authorized and directed to accept instructions with respect to the performance of its duties hereunder from the
Company or counsel to the Company, and may apply to the Company, for advice or instructions in connection with the Warrant Agent’s
duties hereunder, and the Warrant Agent shall not be liable for any delay in acting while waiting for those instructions; any applications
by the Warrant Agent for written instructions from the Company may, at the option of the Agent, set forth in writing any action proposed
to be taken or omitted by the Warrant Agent under this Warrant Agreement and the date on or after which such action shall be taken or
such omission shall be effective; the Warrant Agent shall not be liable for any action taken by, or omission of, the Warrant Agent in
accordance with a proposal included in such application on or after the date specified in such application (which date shall not be less
than five business days after the date such application is sent to the Company, unless the Company shall have consented in writing to
any earlier date) unless prior to taking any such action, the Warrant Agent shall have received written instructions in response to such
application specifying the action to be taken or omitted; (h) may consult with counsel satisfactory to the Warrant Agent, including its
in-house counsel, and the advice of such counsel shall be full and complete authorization and protection in respect of any action taken,
suffered, or omitted by it hereunder in good faith and in accordance with the advice of such counsel; (i) may perform any of its duties
hereunder either directly or by or through nominees, correspondents, designees, or subagents, and it shall not be liable or responsible
for any misconduct or negligence on the part of any nominee, correspondent, designee, or subagent appointed with reasonable care by it
in connection with this Warrant Agreement; (j) is not authorized, and shall have no obligation, to pay any brokers, dealers, or soliciting
fees to any person; and (k) shall not be required hereunder to comply with the laws or regulations of any country other than the United
States of America or any political subdivision thereof.

 

    	 

    	 

    

 

7.4.
(a) In the absence of gross negligence or willful or illegal misconduct on its part, as defined in Section 7.5, the Warrant Agent shall
not be liable for any action taken, suffered, or omitted by it or for any error of judgment made by it in the performance of its duties
under this Warrant Agreement. Anything in this Warrant Agreement to the contrary notwithstanding, in no event shall Warrant Agent be
liable for special, indirect, incidental, consequential or punitive losses or damages of any kind whatsoever (including but not limited
to lost profits), even if the Warrant Agent has been advised of the possibility of such losses or damages and regardless of the form
of action. Any liability of the Warrant Agent will be limited in the aggregate to one year’s fees paid by the Company hereunder.
The Warrant Agent shall not be liable for any failures, delays or losses, arising directly or indirectly out of conditions beyond its
reasonable control including, but not limited to, acts of government, exchange or market ruling, suspension of trading, work stoppages
or labor disputes, fires, civil disobedience, riots, rebellions, storms, electrical or mechanical failure, computer hardware or software
failure, communications facilities failures including telephone failure, war, terrorism, insurrection, earthquakes, floods, acts of God
or similar occurrences. (b) In the event any question or dispute arises with respect to the proper interpretation of the Warrants or
the Warrant Agent’s duties under this Warrant Agreement or the rights of the Company or of any Holder, the Warrant Agent shall
not be required to act and shall not be held liable or responsible for its refusal to act until the question or dispute has been judicially
settled (and, if appropriate, it may file a suit in interpleader or for a declaratory judgment for such purpose) by final judgment rendered
by a court of competent jurisdiction, binding on all persons interested in the matter which is no longer subject to review or appeal,
or settled by a written document in form and substance satisfactory to Warrant Agent and executed by the Company and each such Holder.
In addition, the Warrant Agent may require for such purpose, but shall not be obligated to require, the execution of such written settlement
by all the Holders and all other persons that may have an interest in the settlement.

 

7.5.
The Company covenants to indemnify the Warrant Agent and hold it harmless from and against any loss, liability, claim or expense (“Loss”)
arising out of or in connection with the Warrant Agent’s duties under this Warrant Agreement, including the costs and expenses
of defending itself against any Loss, unless such Loss shall have been determined by a court of competent jurisdiction to be a result
of the Warrant Agent’s gross negligence or willful misconduct.

 

7.6.
Unless terminated earlier by the parties hereto, this Agreement shall terminate 90 days after the earlier of the Expiration Date and
the date on which no Warrants remain outstanding (the “Termination Date”). On the business day following the Termination
Date, the Agent shall deliver to the Company any entitlements, if any, held by the Warrant Agent under this Warrant Agreement. The Agent’s
right to be reimbursed for fees, charges and out-of-pocket expenses as provided in this Section 8 shall survive the termination of this
Warrant Agreement.

 

7.7.
If any provision of this Warrant Agreement shall be held illegal, invalid, or unenforceable by any court, this Warrant Agreement shall
be construed and enforced as if such provision had not been contained herein and shall be deemed an Agreement among the parties to it
to the full extent permitted by applicable law.

 

    	 

    	 

    

 

7.8.
The Company represents and warrants that: (a) it is duly incorporated and validly existing under the laws of its jurisdiction of incorporation;
(b) the offer and sale of the Warrants and the execution, delivery and performance of all transactions contemplated thereby (including
this Warrant Agreement) have been duly authorized by all necessary corporate action and will not result in a breach of or constitute
a default under the articles of association, bylaws or any similar document of the Company or any indenture, agreement or instrument
to which it is a party or is bound; (c) this Warrant Agreement has been duly executed and delivered by the Company and constitutes the
legal, valid, binding and enforceable obligation of the Company; (d) the Warrants will comply in all material respects with all applicable
requirements of law; and (e) to the best of its knowledge, there is no litigation pending or threatened as of the date hereof in connection
with the offering of the Warrants.

 

7.9.
In the event of inconsistency between this Warrant Agreement and the descriptions in the Warrant, as it may from time to time be amended,
the terms of this Warrant shall control.

 

7.10.
Set forth in Exhibit C hereto is a list of the names and specimen signatures of the persons authorized to act for the Company
under this Warrant Agreement (the “Authorized Representatives”). The Company shall, from time to time, certify to
you the names and signatures of any other persons authorized to act for the Company under this Warrant Agreement.

 

7.11.
Except as expressly set forth elsewhere in this Warrant Agreement, all notices, instructions and communications under this Agreement
shall be in writing, shall be effective upon receipt and shall be addressed, if to the Company, to its address set forth beneath its
signature to this Agreement, or, if to the Warrant Agent, to VStock Transfer, LLC, 18 Lafayette Place, Woodmere, New York 11598, or to
such other address of which a party hereto has notified the other party.

 

7.12.
(a) This Warrant Agreement shall be governed by and construed in accordance with the laws of the State of New York. All actions and proceedings
relating to or arising from, directly or indirectly, this Warrant Agreement may be litigated in courts located within the Borough of
Manhattan in the City and State of New York. The Company hereby submits to the personal jurisdiction of such courts and consents that
any service of process may be made by certified or registered mail, return receipt requested, directed to the Company at its address
last specified for notices hereunder. Each of the parties hereto hereby waives the right to a trial by jury in any action or proceeding
arising out of or relating to this Warrant Agreement. (b) This Warrant Agreement shall inure to the benefit of and be binding upon the
successors and assigns of the parties hereto. This Warrant Agreement may not be assigned, or otherwise transferred, in whole or in part,
by either party without the prior written consent of the other party, which the other party will not unreasonably withhold, condition
or delay; except that (i) consent is not required for an assignment or delegation of duties by Warrant Agent to any affiliate of Warrant
Agent and (ii) any reorganization, merger, consolidation, sale of assets or other form of business combination by Warrant Agent or the
Company shall not be deemed to constitute an assignment of this Warrant Agreement. (c) No provision of this Warrant Agreement may be
amended, modified or waived, except in a written document signed by both parties. The Company and the Warrant Agent may amend or supplement
this Warrant Agreement without the consent of any Holder for the purpose of curing any ambiguity, or curing, correcting or supplementing
any defective provision contained herein or adding or changing any other provisions with respect to matters or questions arising under
this Agreement as the parties may deem necessary or desirable and that the parties determine, in good faith, shall not adversely affect
the interest of the Holders. All other amendments and supplements shall require the vote or written consent of Holders of at least 50.1%
of the then outstanding Warrants, provided that adjustments may be made to the Warrant terms and rights in accordance with Section 4
without the consent of the Holders.

 

7.13.
Payment of Taxes. The Company will from time to time promptly pay all taxes and charges that may be imposed upon the Company or
the Warrant Agent in respect of the issuance or delivery of Warrant Shares upon the exercise of Warrants, but the Company may require
the Holders to pay any transfer taxes in respect of the Warrants or such shares. The Warrant Agent may refrain from registering any transfer
of Warrants or any delivery of any Warrant Shares unless or until the persons requesting the registration or issuance shall have paid
to the Warrant Agent for the account of the Company the amount of such tax or charge, if any, or shall have established to the reasonable
satisfaction of the Company and the Warrant Agent that such tax or charge, if any, has been paid.

 

    	 

    	 

    

 

7.14.
Resignation of Warrant Agent.

 

7.14.1.
Appointment of Successor Warrant Agent. The Warrant Agent, or any successor to it hereafter appointed, may resign its duties and
be discharged from all further duties and liabilities hereunder after giving thirty (30) days’ notice in writing to the Company,
or such shorter period of time agreed to by the Company. The Company may terminate the services of the Warrant Agent, or any successor
Warrant Agent, after giving thirty (30) days’ notice in writing to the Warrant Agent or successor Warrant Agent, or such shorter
period of time as agreed. If the office of the Warrant Agent becomes vacant by resignation, termination or incapacity to act or otherwise,
the Company shall appoint in writing a successor Warrant Agent in place of the Warrant Agent. If the Company shall fail to make such
appointment within a period of 30 days after it has been notified in writing of such resignation or incapacity by the Warrant Agent,
then the Warrant Agent or any Holder may apply to any court of competent jurisdiction for the appointment of a successor Warrant Agent
at the Company’s cost. Pending appointment of a successor to such Warrant Agent, either by the Company or by such a court, the
duties of the Warrant Agent shall be carried out by the Company. Any successor Warrant Agent (but not including the initial Warrant Agent),
whether appointed by the Company or by such court, shall be a person organized and existing under the laws of any state of the United
States of America, in good standing, and authorized under such laws to exercise corporate trust powers and subject to supervision or
examination by federal or state authority. After appointment, any successor Warrant Agent shall be vested with all the authority, powers,
rights, immunities, duties, and obligations of its predecessor Warrant Agent with like effect as if originally named as Warrant Agent
hereunder, without any further act or deed, and except for executing and delivering documents as provided in the sentence that follows,
the predecessor Warrant Agent shall have no further duties, obligations, responsibilities or liabilities hereunder, but shall be entitled
to all rights that survive the termination of this Warrant Agreement and the resignation or removal of the Warrant Agent, including but
not limited to its right to indemnity hereunder. If for any reason it becomes necessary or appropriate or at the request of the Company,
the predecessor Warrant Agent shall execute and deliver, at the expense of the Company, an instrument transferring to such successor
Warrant Agent all the authority, powers, and rights of such predecessor Warrant Agent hereunder; and upon request of any successor Warrant
Agent the Company shall make, execute, acknowledge, and deliver any and all instruments in writing for more fully and effectually vesting
in and confirming to such successor Warrant Agent all such authority, powers, rights, immunities, duties, and obligations.

 

7.14.2.
Notice of Successor Warrant Agent. In the event a successor Warrant Agent shall be appointed, the Company shall give notice thereof
to the predecessor Warrant Agent and the transfer agent for the Common Stock not later than the effective date of any such appointment.

 

7.14.3.
Merger or Consolidation of Warrant Agent. Any person into which the Warrant Agent may be merged or converted or with which it
may be consolidated or any person resulting from any merger, conversion or consolidation to which the Warrant Agent shall be a party
or any person succeeding to the shareowner services business of the Warrant Agent or any successor Warrant Agent shall be the successor
Warrant Agent under this Warrant Agreement, without any further act or deed. For purposes of this Warrant Agreement, “person”
shall mean any individual, firm, corporation, partnership, limited liability company, joint venture, association, trust or other entity,
and shall include any successor (by merger or otherwise) thereof or thereto.

 

8.
Miscellaneous Provisions.

 

8.1.
Persons Having Rights under this Warrant Agreement. Nothing in this Warrant Agreement expressed and nothing that may be implied
from any of the provisions hereof is intended, or shall be construed, to confer upon, or give to, any person or corporation other than
the parties hereto any right, remedy, or claim under or by reason of this Warrant Agreement or of any covenant, condition, stipulation,
promise, or agreement hereof.

 

8.2.
Examination of the Warrant Agreement. A copy of this Warrant Agreement shall be available at all reasonable times at the office
of the Warrant Agent designated for such purpose for inspection by any Holder. Prior to such inspection, the Warrant Agent may require
any such holder to provide reasonable evidence of its interest in the Warrants.

 

8.3.
Counterparts. This Warrant Agreement may be executed in any number of original, facsimile or electronic counterparts and each
of such counterparts shall for all purposes be deemed to be an original, and all such counterparts shall together constitute but one
and the same instrument.

 

8.4.
Effect of Headings. The Section headings herein are for convenience only and are not part of this Warrant Agreement and shall
not affect the interpretation thereof.

 

9.
Certain Definitions. As used herein, the following terms shall have the following meanings:

 

(a)
“Trading Day” means any day on which the Common Stock is traded on the Trading Market, or, if the Trading Market is
not the principal trading market for the Common Stock, then on the principal securities exchange or securities market in the United States
on which the Common Stock is then traded, provided that “Trading Day” shall not include any day on which the Common Stock
is scheduled to trade on such exchange or market for less than 4.5 hours or any day that the Common Stock is suspended from trading during
the final hour of trading on such exchange or market (or if such exchange or market does not designate in advance the closing time of
trading on such exchange or market, then during the hour ending at 4:00 P.M., Eastern Standard Time).

 

(b)
“Trading Market” means NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select
Market or the New York Stock Exchange.

 

[Signature
Page Follows]

 

    	 

    	 

    

 

IN
WITNESS WHEREOF, this Warrant Agent Agreement has been duly executed by the parties hereto as of the day and year first above written.

 

	 	SHARPS TECHNOLOGY, INC.
	 	 	 
	 	By:	                               
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	 	VSTOCK TRANSFER, LLC
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

EXHIBIT
A

 

GLOBAL
WARRANT – WARRANT

 

    	 

    	 

    

 

EXHIBIT
B

 

WARRANT
CERTIFICATE REQUEST NOTICE

 

To:
___________ as Warrant Agent for __________ (the “Company”)

 

The
undersigned Holder of Common Stock Purchase Warrants (“Warrants”) in the form of Global Warrants issued by the Company hereby
elects to receive a Warrant Certificate evidencing the Warrants held by the Holder as specified below:

 

	1.	Name of Holder
    of Warrants in form of Global Warrants: _____________________________
	 	 
	2.	Name of Holder in Warrant
    Certificate (if different from name of Holder of Warrants in form of Global Warrants): ________________________________
	 	 
	3.	Number of Warrants in name
    of Holder in form of Global Warrants: ___________________
	 	 
	4.	Number of Warrants for
    which Warrant Certificate shall be issued: __________________
	 	 
	5.	Number of Warrants in name
    of Holder in form of Global Warrants after issuance of Warrant Certificate, if any: ___________
	 	 
	6.	Warrant Certificate shall
    be delivered to the following address:

 

______________________________

 

______________________________

 

______________________________

 

______________________________

 

The
undersigned hereby acknowledges and agrees that, in connection with this Warrant Exchange and the issuance of the Warrant Certificate,
the Holder is deemed to have surrendered the number of Warrants in form of Global Warrants in the name of the Holder equal to the number
of Warrants evidenced by the Warrant Certificate.

 

[SIGNATURE
OF HOLDER]

 

Name
of Investing Entity: ____________________________________________________

 

Signature
of Authorized Signatory of Investing Entity: ______________________________

 

Name
of Authorized Signatory: ________________________________________________

 

Title
of Authorized Signatory: _________________________________________________

 

Date:
_______________________________________________________________

 

    	 

    	 

    

 

EXHIBIT
C

 

AUTHORIZED
REPRESENTATIVES

 

	Name	 	Title	 	Signature
	 	 	 	 	 
	Robert M. Hayes	 	Chief Executive Officer	 	 
	 	 	 	 	 
	Andrew R. Crescenzo	 	Chief Financial OfficerExhibit 10.1

 

 

 

 

PARADIGM GOVERNANCE
PARTNERS LIMITED

 

EACH COMPANY LISTED
IN THE SCHEDULE

 

EACH DIRECTOR LISTED
IN THE SCHEDULE

 

 

 

 

 

 

DIRECTOR SERVICES
AGREEMENT 

 

 

 

     

     

    

 

DIRECTOR SERVICES AGREEMENT

 

THIS AGREEMENT is made as of April 7, 2022

 

AMONG:

 

	1	Paradigm Governance Partners Limited, an ordinary company incorporated under the laws of the Cayman
Islands with its registered office at One Capital Place, 3rd Floor, 136 Shedden Road, P.O. Box 677, KY1-9006, Grand Cayman,
Cayman Islands (Paradigm);

 

	2	Each Company Listed in the Schedule (each, the Company); and

 

	3	Each Director Listed in the Schedule (each, the Director).

 

WHEREAS the Company has requested that
Paradigm provide certain services to the Company, which Paradigm has agreed to do on the terms and conditions of this Agreement,

 

IT IS AGREED AS FOLLOWS:

 

	1	Interpretation

 

	1.1	ln this Agreement, unless the context otherwise requires:

 

Applicable
Data Protection Laws means all applicable civil and common law, statute, subordinate legislation, treaty, binding regulations, directive,
decision by law, ordinance, code, order, decree, injunction or judgement of any regulatory or government entity or court which relates
to data privacy or data protection and are in force from time to time included without limitation that General Data Protection regulation
(EU) 2016/679;

 

Articles means
the memorandum and articles of association of the Company;

 

Affiliate,
in relation to a person, means any other person that:

 

		(a)	is controlled, whether directly or indirectly, by the first-mentioned person;

 

		(b)	controls, whether directly or indirectly, the first-mentioned person;

 

		(c)	is under common control, whether directly or indirectly, with the first-mentioned person; or

 

		(d)	is an employee, officer, member, partner, associate or director of such person;

 

Board means
the board of directors of the Company for the time being;

 

Business Combination
means a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination between the Company
and one or more businesses;

 

Business Day
means any day which is not a Saturday, Sunday or a day on which banking institutions are obliged by law or regulation to close in
the Cayman Islands, or such other day classified as a business day according to such criteria as the parties may agree;

 

    1

     

    

 

Director means
Independent Non-Executive Director;

 

DPL means
the Cayman Islands Data Protection Act (As Revised);

 

Effective Date means the date
of this Agreement;

 

Indemnified Party
shall have the meaning given in clause 8;

 

Material Documents shall have
the meaning given in clause 6; and

 

Prospectus means
the final prospectus, dated December 14, 2021, filed by the Company with the U.S. Securities and Exchange Commission pursuant to Rule
424(b) promulgated under the Securities Act of 1933, as amended.

 

Registration
Statement means the proxy statement or registration statement / prospectus / proxy statement, and each amendment and final version
thereof, filed by the Company in connection with the Company’s (i) solicitation of proxies for the vote by the Company’s shareholders
in connection with a Business Combination and, if applicable (ii) offer and issuance of securities to be issued in connection with the
completion of a Business Combination, or any other similar disclosure document of the Company.

 

		1.2	ln this Agreement, unless the context otherwise requires: (a) use of the singular includes the plural
and vice versa; (b) words denoting a gender include every gender; (c) references to persons include bodies corporate and unincorporated;
(d) any phrase introduced by the term “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; (e) references to statutes shall
be construed as references to such statutes as amended, modified, extended, consolidated re-enacted or replaced, and shall include any
subordinate legislation made thereunder; and (f) references to any document or agreement or organisational document are to be construed
as references to such document or agreement or organisational document as in force for the time being and as amended, varied, supplemented,
substituted or novated from time to time, provided that no amendment, variation or supplement to the Articles shall be effective for the
purposes of, or to amend, this Agreement unless the Board shall have approved the same.

 

		1.3	The division of this Agreement into clauses and the insertion of headings are for convenience of reference
only and shall not affect the construction or interpretation of this Agreement. The Schedule forms part of this Agreement and its terms
have the same force and effect as if they were expressly set out in the body of this Agreement.

 

		2	Provision of Director

 

		2.1	Paradigm agrees to provide the services of the Director to serve as a director of the Company with effect
from the Effective Date.

 

		3	Director’s duties

 

		3.1	The Director will devote as much time, attention, ability and skills as are required to perform the Director’s
normal duties as a director of the Company.

 

    2

     

    

 

		3.2	The Director will perform the Director’s duties faithfully, efficiently and diligently and use all
reasonable endeavours to promote the best interests and reputation of the Company. ln particular, the Director’s responsibilities
will include:

 

		(a)	reviewing relevant documentation relating to the Company including, without limitation, the Registration
Statement, contracts with service providers, information provided to shareholders and financial information;

 

		(b)	attending meetings of the Board in person or by telephone, provided that the dates of such meetings have
been communicated to the Director by the Company or its corporate secretary, as applicable, with reasonable advance notice, and provided
further that the Director shall be excused from attending a meeting due to illness or incapacity or in any other reasonable circumstances
as communicated to the Company at or in advance of such meeting;

 

		(c)	considering all documents contained in board packs provided with reasonable advance notice to the Director
by the Company or its corporate secretary, as applicable, so as to be able to participate in full in the Board’s deliberations;

 

		(d)	bringing independent judgment to bear on issues of strategy, policy, resources, performance and regulatory
matters;

 

		(e)	providing advice and direction on all matters affecting the Company of which the Director is or becomes
aware in the course of his duties including adherence to terms set forth in the Articles and Prospectus;

 

		(f)	planning, developing and enhancing the future strategic direction of the Company;

 

		(g)	signing contracts, filings, resolutions, representations, and other documents on behalf of the Company
upon reasonable request;

 

		(h)	where necessary or appropriate, liaising with the Company’s shareholders, professional advisers,
service providers and regulators; and

 

		(i)	sharing responsibility with the other directors of the Company for the effective control of the Company.

 

		3.3	For the avoidance of doubt, the Director shall not, in connection with his obligations under this Agreement,
be responsible for actively managing the Company in an executive role, the commercial structuring of the business of the Company, or for
the rendering of investment, commercial, accounting, legal or tax advice to the Company or any other person. Such duties shall be delegated
by the Board to the executive officers of the Company and the relevant professional or service provider, subject to the overall supervision
and responsibility of the Board.

 

    3

     

    

 

		3.4	ln performing his duties as a director of the Company, the Director shall not be obliged to act in any
manner which, in his opinion:

 

		(a)	may be contrary to law;

 

		(b)	may conflict with any provision of the Articles;

 

		(c)	would result in the risk of prosecution or other sanction of any kind in any jurisdiction or the withdrawal
of, or imposition of any conditions in respect of, any licence, consent or other authorisation issued to Paradigm or the Director by any
legal, governmental or regulatory authority in any applicable jurisdiction;

 

		(d)	may be in conflict with the Director’s fiduciary duty to the Company.

 

		4	Duties of Company

 

		4.1	The Director shall have an unrestricted right of access to all of the Company’s books and records.
Without limiting the generality of the foregoing, the Company shall promptly provide to Paradigm, or cause to be provided to Paradigm:

 

		(a)	copies of all documentation relating to the Company, including the Prospectus, the Registration Statement,
the Articles, contracts with service providers, governance policies, information provided to shareholders (including marketing materials,
performance reports and financial information) and periodic unaudited and audited financial reports;

 

		(b)	reasonable notice of all board meetings, all relevant agendas and supporting documents for such meetings,
and minutes of such meetings;

 

		(c)	copies of the draft annual financial statements at least two full working days prior to the board meeting
to approve such financial statements;

 

		(d)	properly certified or authenticated copies of the Articles and all amendments thereto, and of such resolutions,
votes and other proceedings as may be necessary or relevant to Paradigm or the Director for the purposes of this Agreement;

 

		(f)	drafts of the Registration Statement, and each amendment thereto, and of any other document issued by
or in relation to the Company; and

 

		(g)	any additional information that Paradigm may reasonably require for the purposes of this Agreement.

 

		5	Duties of Paradigm

 

		5.1	ln the event that the Director ceases to be available to perform his functions as a member of the Board
at any time owing to illness or incapacity, Paradigm shall notify the Company as soon as reasonably practicable and shall, if so requested
by the Company, use its best endeavours to supply to the Company an alternate director to perform the functions of the Director until
he is able to resume his duties pursuant to this Agreement.

 

    4

     

    

 

		6	Representations and Warranties

 

		6.1	The Company represents and warrants to Paradigm and the Director that, during the term of the Director’s
appointment:

 

		(a)	the Company is validly existing and has full corporate power and authority to perform its obligations
under this Agreement, and this Agreement has been duly and validly authorized, executed and delivered on behalf of the Company and constitutes
its binding and enforceable obligation in accordance with its terms;

 

		(b)	the Company has not been involved in any civil, criminal, or administrative actions or proceedings during
the period of five years prior to the Effective Date, except as otherwise disclosed to the Director. The Company will promptly disclose
to the Director the occurrence of any event within the scope of this paragraph;

 

		(c)	all draft and executed versions of the material documents relevant to the Company (each as may be revised
or amended from time to time and collectively referred to herein as the Material Documents), whether provided to the Director or
Paradigm by the Company, its sponsor or professional advisers, constitute true, complete and correct copies of the Material Documents
to the best extent of the Company’s knowledge;

 

		(d)	to the best extent of the Company’s knowledge, the Material Documents comply in all material respects
with all laws applicable to the relevant Company and its service providers and agents, if any; and

 

		(e)	to the best extent of the Company’s knowledge, none of the Prospectus, the Registration Statement,
or any of the related offering materials provided to investors contains, (or, in the case of the Registration Statement and any other
future documents, will contain) , any information which is misleading in any material respect, nor do such materials fail to disclose
any information which is required to be disclosed in order to make such information not misleading.

 

		6.2	Paradigm represents and warrants to the Company that, during the term of the Director’s appointment:

 

		(a)	in acting as a director of the Company, the Director will comply with all statutory, regulatory and common
law duties and obligations applicable to the Director as a director of the Company, including without limitation:

 

		(i)	any laws affecting the Company or directors of the Company which are in force from time to time;

 

		(ii)	the Articles; and

 

		(iii)	any codes of conduct or corporate governance adopted by the Company from time to time.

 

    5

     

    

 

		(b)	Paradigm is validly existing and has full corporate power and authority to perform its obligations under
this Agreement, and this Agreement has been duly and validly authorized, executed and delivered on behalf of Paradigm and the Director
and constitutes its binding and enforceable obligation in accordance with its terms.

 

		7	Legal and Professional Advice

 

		7.1	With the consent of the Board, Paradigm and the Director may refer any contentious and material issue
faced by the Board or the Company to attorneys-at-law or other professional advisers at the Company’s cost. Without prejudice to
the generality of the foregoing, the Director may seek legal or other professional advice on the Director’s own behalf in the Director’s
capacity as a director of the Company and may incur reasonable legal and other professional expenses on behalf of the Company. The Director
shall be entitled to reimbursement by the Company of all reasonable fees and disbursements thus incurred.

 

		7.2	The Director shall be entitled to rely on any advice so obtained if the Director reasonably believes that
such professional persons are reliable and competent in the matters and advice prepared or presented and/or such matters and advice are
within the person’s professional qualifications and competence.

 

		8	Liability and lndemnity

 

		8.1	The Company and the Director will, at or prior to the Effective Time, enter into an indemnification agreement
in the form attached as Exhibit A hereto (the Indemnification Agreement).

 

		8.2	Subject to clause 16, Paradigm (the lndemnified Party) shall be indemnified and secured harmless
out of the assets and funds of the Company against all actions, proceedings, costs, fines, penalties, charges, expenses, losses, damages
or liabilities of whatsoever nature and howsoever arising incurred or sustained by it if the lndemnified Party did not, in connection
with the matter giving rise to the particular claim, engage in gross negligence or willful default in the execution or discharge of its
duties, powers, authorities or discretions, including any costs, expenses, losses or liabilities incurred by it in defending (whether
successfully or otherwise) any civil proceedings concerning the Company, its business or its affairs in any court whether in the Cayman
Islands or elsewhere.

 

		8.3	The lndemnified Party shall not, in the absence of gross negligence or willful default of the lndemnified
Party, be liable for any costs, charges, expenses, losses, damages or liabilities of whatsoever nature and howsoever arising, incurred
or sustained by the Company at any time from any cause whatsoever arising out of any act or omission on the part of the lndemnified Party
in connection with their respective duties under this Agreement.

 

		8.4	The indemnity and exculpation provisions in this clause 8 shall be in addition to the Indemnification
Agreement and the indemnity and exculpation provisions in the Articles.

 

		8.5	The Company shall, within 10 days of any written demand, advance to the lndemnified Party the full amount
of all reasonable fees, costs and expenses (including legal costs, expenses and disbursements) reasonably anticipated by the lndemnified
Party to be incurred by the lndemnified Party within three months in the defence of, or otherwise in connection with, any action or proceedings
arising out of or in any way connected with this Agreement or the provision of the services hereunder. In the event that such an advance
is made by the Company, the lndemnified Party shall reimburse the Company for such advanced fees, costs and expenses to the extent that
it is subsequently determined by a final, non-appealable order of a court of competent jurisdiction that the lndemnified Party was not
entitled to indemnification under this Agreement.

 

    6

     

    

 

		8.6	The provisions of this clause 8 shall remain in full force and effect after the termination of this Agreement.

 

		9	D&O Insurance

 

		9.1	The Company shall procure that any directors and officers insurance cover it has in place shall be extended
to cover the Director as soon as practicable following the date of execution of this Agreement. If the Company has no directors and officers
insurance cover in place, and if Paradigm requires such cover, the Company shall procure such insurance policy on terms which are customary
in the market and acceptable to the Board within 90 days of the date hereof. The Company will seek to ensure that one of those terms will
be to have expenses advanced in order to defend proceedings pursuant to clause 8.5.

 

		10	Fees and Expenses

 

		10.1	ln consideration of the provision of the services of the Director under this Agreement, the Company shall
pay to Paradigm the following fees:

 

		(a)	a base fee as detailed in the Schedule (the Annual Fee), payable on the Effective Date and annually
thereafter in advance on 1 January in each year;

 

		(b)	subject to clause 10.3, additional fees charged at the Director’s hourly rate (in half hour increments)
in extraordinary circumstances as detailed in the Schedule, payable upon receipt by the Company of the relevant invoice; and

 

		(c)	any additional fees agreed for services to be undertaken by Paradigm or the Director over and above those
set out in this Agreement.

 

		10.2	In the event Paradigm terminates this agreement in accordance with clause 14.2(b) it will refund the pro-rata
amount of the Annual Fee for the period between the notice period expiration date and the end of that calendar year. Paradigm will make
payment to the Company within 10 Business Days of the notice period expiration date.

 

		10.3	The base fee payable under clause 10.1(a) shall be reviewed periodically during the continuance of this
Agreement. Such review shall take account of the amount of effort, expertise and time being contributed by the Director to the Company.
Following such review, the base fee may be increased by Paradigm by agreement with the Company and after public disclosure.

 

		10.4	Paradigm may charge additional fees at its hourly rate as described under clause 10.1(b) with the prior
consent of the Company (such consent not to be unreasonably withheld) only if the Director is required to deal with extraordinary matters
not in the ordinary course of business of the Company including matters such as (i) threatened or actual litigation, (ii) regulatory investigations
or proceedings against the Company or any Affiliate, or (iii) a restructuring or winding down of the business of the Company requiring
considerable time and attention (excluding any liquidation or winding down occurring if the Company fails to complete a business combination
within the combination window set forth in the Prospectus).

 

    7

     

    

 

		10.5	The Company shall pay or reimburse Paradigm for the reasonable out-of-pocket expenses properly incurred
by Paradigm (on the Director’s behalf) or the Director in the Director’s performance of its duties under this Agreement, including
travel, hotel and other expenses incurred in attending and returning from meetings of the Board or committees of the Board or general
or class meetings of the Company, provided that such reimbursements in aggregate shall not exceed $500 in any calendar year unless separately
agreed by the Company.

 

		11	Non-exclusivity

 

		11.1	Neither Paradigm nor the Director shall be required to devote their full time and attention to the business
of the Company and may engage in any other business and/or be concerned or interested in or act as director or manager of any other company,
entity or business.

 

		11.2	The Company acknowledges that other companies and entities to which Paradigm and the Director provide
services or advice may compete either directly or indirectly with the Company. Paradigm and the Director shall not be deemed to be given
notice of, or to be under any duty to disclose to, the Company, any fact or thing which may come to the notice of Paradigm, the Director
or any of Paradigm’s Affiliates in the course of Paradigm, the Director or any such Affiliate providing similar services to other
persons in the course of Paradigm’s business in any other capacity. Notwithstanding anything contained herein to the contrary, during
the term of this Agreement, the Director may not, without the prior written consent of the Company, agree to become, or become, a member
of the board of directors of another technology-focused special purpose acquisition company (such consent not to be unreasonably withheld).

 

		12	Notices

 

		12.1	Any notice or communication required or authorised by this Agreement to be given by a party must be in
writing in English and sent by any of the methods set out in the first column of the following table to the recipient’s postal address,
or email address that appears below that table. The notice or communication is taken to be given on the date or at the time set out in
the second column.

 

	Method for giving notices	When taken to be given
	By personal delivery	On the Business Day following day of delivery
	By overnight courier service	On the third Business Day following the date of sending
	By
    email sent to the recipient’s email
    address	On the Business Day following the day on which the recipient receives the email in readable form

 

    8

     

    

 

		12.2	For the purposes of this Section the respective relevant addresses and numbers are set out in the Schedule.

 

		13	Confidentiality

 

		13.1	Paradigm and the Director shall be entitled to store all documents, materials and other information relating
to the business, financial position or interests of the Company within or outside the Cayman Islands.

 

		13.2	No party shall at any time disclose to any person, and each party shall treat as confidential, any information
relating to the business, financial position or interests of the parties which it may have obtained in connection with this Agreement,
provided however that the provisions of this clause shall not apply:

 

		(a)	to the disclosure of any information already known to the recipient;

 

		(b)	to the disclosure of any such information which is or becomes public knowledge otherwise than as a result
of the unauthorized or improper conduct of the recipient;

 

		(c)	to any extent that disclosure is required by any law or order of any court or pursuant to any direction,
request or requirement (whether or not having the force of law) of any central bank, government, suspicious transaction reporting body
or other regulatory or taxation authority (including, without limitation, the Cayman Islands Monetary Authority and the Cayman Islands
Financial Reporting Authority);

 

		(d)	to the disclosure of any information to professional advisors who receive that disclosure under a duty
of confidentiality; or

 

		(e)	to the disclosure of any information with the consent of the parties to this Agreement.

 

		13.3	The provisions of this clause 13 shall remain in full force and effect after the termination of this Agreement.

 

		14	Term and Termination

 

		14.1	The Director shall hold office in accordance with the Articles or other constituent documents. Upon removal,
resignation or retirement of the Director as a director of the Company in accordance therewith, this Agreement shall terminate with respect
to such directorship.

 

		14.2	Without limiting clause 14.1, this Agreement may be terminated:

 

		(a)	by the Company, upon not less than one calendar month’s notice to Paradigm. ln the event of such
termination by the Company, the Director will resign as a director of the Company as of the expiration of the notice period or such other
date(s) agreed by Paradigm and the Company;

 

    9

     

    

 

		(b)	by Paradigm, upon not less than one calendar month’s notice to the Company. ln the event of such
termination by Paradigm, Paradigm shall continue to provide the relevant services for a time period to be agreed with the Company but
no later than the expiration of the notice period or such other date(s) agreed by Paradigm and the Company;

 

		(c)	by any party, with immediate effect upon notice to the other parties if another party is in material breach of any of the terms of
this Agreement and:

 

		(i)	the breach is not capable of remedy; or

 

		(ii)	the breach is capable of remedy and is not remedied by the breaching party within 7 days of receipt of
a notice from another party specifying the breach and requiring its remedy.

 

		14.3	The termination of this Agreement shall be without prejudice to any rights that may have accrued hereunder
to any party hereto prior to such termination.

 

		14.4	Upon termination of this Agreement, both Paradigm and the Director shall be entitled to retain copies
of all books of account, correspondence and documents in relation to the Company which the Director has created or received in the course
of his duties as a director of the Company. ln the event that Paradigm holds any assets belonging to the Company it shall, at the expense
of the Company or its liquidator, as the case may be, deliver such assets to the Company, or as it shall direct; provided, however, that
Paradigm shall not be required to make any such delivery until paid in full for all of its fees, costs and expenses to it under this Agreement.

 

		15	Data Protection

 

		15.1	For the purposes of this clause, the terms “controller”, “personal data”, “process”
has meanings given to them in the DPL.

 

		15.2	Each party acknowledges and agrees that Paradigm may process personal data concerning: (i) the employees, directors, officers, investors
of the Company; or (ii) any other living person in connection with this Agreement (in each case, “Relevant Data”),
as described in Paradigm’s privacy Policy available on its website as the same may be amended from time to time.

 

		15.3	Each party acknowledges and agrees that in respect of any Relevant Data, the Company shall be the data
controller and Paradigm shall be a data processor for the purposes of the Applicable Data Protection Laws and the DPL.

 

		15.4	Each party shall comply (and ensure that each of its subcontractors complies) with DPL and all Applicable
Data Protection Laws in relation to its processing of any Relevant Data.

 

    10

     

    

 

		16	Waiver of Claims to Trust Account

 

		16.1	Notwithstanding anything contained herein to the contrary, Paradigm and the Director each hereby agree
that it and he do 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 (the Trust Account), and hereby irrevocably waives any Claim it or he now have or may have in the future as a
result of, or arising out of, (i) any services provided to the Company or (ii) any negotiations, contracts or agreements with the Company,
in each case whether such Claim arises based on contract, tort, equity or any other theory of legal liability and will not seek recourse
against such Trust Account for any reason whatsoever. Accordingly, Paradigm and the Director acknowledge and agree that any payments due
under this Agreement, including any indemnification provided hereunder, 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 consummates a Business Combination.

 

		17	No Partnership

 

		17.1	Nothing in this Agreement is intended to or shall operate to create a partnership or joint venture of
any kind between the parties. The Director shall not be deemed to be an employee of the Company or entitled to employee benefits from
the Company.

 

		18	Successors and Assigns

 

		18.1	This Agreement shall enure to the benefit of, and be binding on, the parties and their respective heirs,
executors, administrators, successors and permitted assigns. No party may assign or transfer or purport to assign or transfer, any of
its rights or obligations under this Agreement without the prior consent of the other parties.

 

		19	Illegality and Severance

 

		19.1	If any provision of this Agreement is determined to be illegal, void, invalid or unenforceable under the
laws of any jurisdiction:

 

		(a)	the legality, validity and enforceability of the remainder of this Agreement shall not be affected;

 

		(b)	the legality, validity and enforceability of the whole of this Agreement in any other jurisdiction shall
not be affected;

 

		(c)	such illegal, void or unenforceable provision shall be deemed to be severable from any other provision
of this Agreement; and

 

		(d)	the parties shall negotiate in good faith to agree the terms of a mutually acceptable and satisfactory
alternative provision in place of the provision so deleted.

 

		20	Entire Agreement

 

		20.1	This Agreement sets forth the entire Agreement and understanding between the parties in respect of the
subject matter of this Agreement. No variation of this Agreement shall be effective unless signed for or on behalf of both the parties
hereto.

 

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		21	Counterparts

 

		21.1	This Agreement may be executed in one or more counterparts, each of which when executed and delivered
shall be an original and all the counterparts together shall constitute one and the same instrument.

 

		22	Waiver, forbearance and variation

 

		22.1	The rights of the parties under this Agreement shall not be prejudiced or restricted by any indulgence
or forbearance extended to another party. No waiver by any party in respect of a breach shall operate as a waiver in respect of any subsequent
breach.

 

		22.2	This Agreement shall not be varied or cancelled, unless the variation or cancellation is expressly agreed
in writing by each party.

 

		23	Governing Law and Jurisdiction

 

		23.1	This Agreement shall be governed by, and construed in accordance with, the laws of the Cayman Islands.

 

Each party irrevocably agrees to submit
to the non-exclusive jurisdiction of the courts of the Cayman Islands over any claim or matter arising under or in connection with this
Agreement.

 

    12

     

    

 

IN WITNESS WHEREOF the parties
(or their duly authorised representatives) have caused this Agreement to be duly executed as at the date first above written.

 

	Signed for and on behalf of
	 
	PARADIGM GOVERNANCE PARTNERS LIMITED
	 	 
	/s/ Geoff Ruddick	 
	Signature	 
	 	 
	Geoff Ruddick	 
	Print name	 
	 	 
	Director	 
	Title	 
	 	 
	Signed for and on behalf of
	Ahren Acquisition Corp., as the Company
	 	 
	/s/ Elliot Richmond	 
	Signature	 
	 	 
	Elliot Richmond	 
	Print name	 
	 	 
	Chief Financial Officer	 
	Title	 
	 	 
	Signed by
	Jonathan Roney, as Director
	 	 
	/s/ Jonathan Roney	 
	Signature	 

 

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SCHEDULE

 

	Company	Ahren Acquisition Corp.
	Director	Jonathan Roney
	Annual Fee	
    ·$25,000
    per annum (or pro-rata for part thereof); increasing to

     

    

    ·$40,000
    per annum (or pro-rata for part thereof) post the execution of a Letter of Intent & exclusivity with a target company

     

	Hourly Rate	US $500
	

Directors & Officers Insurance
	·As at the date hereof, the Company has directors & officers insurance in place
	Addresses for Notices	
    Ahren Acquisition Corp.

    c/o Maples Corporate

    Services Limited, PO Box 309, Ugland House, Grand Cayman,
    KY1-1104, Cayman Islands.

    Attn: Christopher Oliver

    Email: christopher.oliver@maples.com

     

    Paradigm

    Paradigm Governance Partners Limited

    Attention: General Counsel’s Office

    PO Box 677, Grand Cayman KY1-9006

    One Capital Place, 3rd Floor

    136 Shedden Rd

    Cayman Islands

    Email: generalcounsel@paradigm.ky

     

    Director

    Jonathan Roney

    c/o Paradigm Governance Partners Limited

    PO Box 677, Grand Cayman KY1-9006

    One Capital Place, 3rd Floor

    136 Shedden Rd

    Cayman Islands

    Email: jroney@paradigm.ky

 

    14

     

    

 

Exhibit A – Indemnification Agreement

 

 

15

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