Document:

EX-10.10

 Exhibit 10.10 

INDEMNIFICATION AGREEMENT 

AGREEMENT, dated [•], 2022 (this “Agreement”), between Semantix, Inc. an exempted company incorporated in the Cayman
Islands (the “Company”), and [INSERT DIRECTOR / OFFICER NAME HERE] (the “Indemnitee”). 
 WHEREAS,
it is essential to the Company to retain and attract as directors and officers the most capable persons available; 
 WHEREAS, Indemnitee is
a [director][officer] of the Company; 
 WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and
other claims being asserted against directors and officers of public companies in today’s environment; 
 WHEREAS, uncertainties as to
the availability of indemnification created by recent court decisions may increase the risk that the Company will be unable to retain and attract as directors and officers the most capable persons available; 

WHEREAS, the board of directors of the Company (“Board of Directors”) has determined that the inability of the Company to
retain and attract as directors and officers the most capable persons would be detrimental to the interests of the Company and that the Company therefore should seek to assure such persons that indemnification and insurance coverage will be
available in the future; 
 WHEREAS, the parties intend that any rights Indemnitee may have (in his or her capacity as a director or
executive officer of the Company) from Indemnitee-Related Entities (as defined herein) shall be secondary to the primary obligation of the Company to indemnify and hold harmless Indemnitee under this Agreement; and 

WHEREAS, in recognition of Indemnitee’s need for protection against personal liability, and in part to provide Indemnitee with specific
contractual assurance of indemnification (regardless of, among other things, any amendment to the Company’s Articles of Association (the “Articles”) or any change in the composition of the Board of Directors or acquisition
transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification of and the advancing of expenses to Indemnitee to the fullest extent (whether partial or complete) permitted by law and as set forth in
this Agreement, and, to the extent insurance is maintained, for the continued coverage of Indemnitee under the Company’s directors’ and officers’ liability insurance policies; 

NOW, THEREFORE, in consideration of the premises and of Indemnitee continuing to serve the Company directly or, at its request, another
enterprise, and intending to be legally bound hereby, the parties hereto agree as follows: 
  

	1.	 Certain Definitions: In addition to terms defined elsewhere herein, the following terms have the
following meanings when used in this Agreement: 

	 	(a)	 Affiliate: shall have the meaning set forth in Rule 12b-2
promulgated under the Exchange Act; provided that no Shareholder shall be deemed an Affiliate of any other Shareholder solely by reason of any investment in the Company. 

 

	 	(b)	 Change in Control: shall be deemed to have occurred if (i) any “person” (as such term is
used in Sections 13(d) and 14(d) of the Exchange Act), other than the Company and its affiliates and other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation owned directly or
indirectly by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company, is or becomes the “beneficial owner” (as defined in Rule 13d-3 under
the Exchange Act), directly or indirectly, of securities of the Company representing 20% or more of the total voting power represented by the Company’s then outstanding Voting Securities, or (ii) during any period of two
(2) consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose appointment by the Board of Directors or nomination for appointment by the Company’s
shareholders was approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the period or whose appointment or nomination for
appointment was previously so approved, cease for any reason to constitute a majority thereof, or (iii) the shareholders of the Company approve a merger or consolidation of the Company with any other entity, other than a merger or consolidation
which would result in the Voting Securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) more than 50% of the
total voting power represented by the Voting Securities of the Company or such surviving entity outstanding immediately after such merger or consolidation and with the power to elect at least a majority of the board of directors or other governing
body of the Company or such surviving entity, or the shareholders of the Company approve the winding-up of the Company or an agreement for the sale, lease, exchange or other or disposition by the Company of
(in one transaction or a series of transactions) all or substantially all of the assets of the Company and its subsidiaries. 

  

	 	(c)	 Claim: means any threatened, asserted, pending or completed action, suit or proceeding, including a
request to waive or toll a statute of limitations, whether civil, criminal, administrative, investigative or other, including any arbitration, mediation or other alternative dispute resolution mechanism, or any appeal of any kind thereof, or any
inquiry or investigation, whether instituted by (or in the right of) the Company or any governmental agency or any other person or entity, in which Indemnitee was, is, may be or will be involved as a party, deponent, witness or otherwise and which
is first threatened, noticed, brought or asserted on or after the date of this Agreement. 

  

	 	(d)	 Exchange Act: means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations
promulgated thereunder. 

  
 2 

	 	(e)	 Expenses: means reasonable attorneys’ fees and all other direct or indirect costs, expenses and
obligations, including judgments, fines, penalties, interest, appeal bonds, amounts paid in settlement with the approval of the Company, counsel fees and disbursements (including, without limitation, experts’ fees, court costs, retainers,
appeal bond premiums, transcript fees, duplicating, printing and binding costs, as well as telecommunications, postage and courier charges), and other fees, including witness fees, travel expenses and fees of private investigators and professional
advisors, actually paid or incurred in connection with investigating, prosecuting, defending, being a witness in or participating in (including, in all cases, in settlement or on appeal), or preparing to investigate, prosecute, defend, be a witness
in or participate in, any Claim relating to any Indemnifiable Event, and shall include (without limitation) all reasonable attorneys’ fees and all other expenses incurred by or on behalf of an Indemnitee in connection with preparing and
submitting any requests or statements for indemnification, advancement or any other right provided by this Agreement (including, without limitation, such fees or expenses incurred in connection with legal proceedings contemplated by
Section 2(d) hereof). Expenses also shall include Expenses incurred in connection with any appeal resulting from any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating to
any cost bond, supersedeas bond, or other appeal bond or its equivalent. “Expenses,” however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee. 

 

	 	(f)	 Indemnifiable Amounts: means (i) any and all liabilities, Expenses, damages, judgments, fines,
penalties, and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such liabilities, Expenses, damages, judgments, fines, penalties, or amounts paid in settlement)
arising out of or resulting from any Claim relating to an Indemnifiable Event, (ii) any liability pursuant to a loan guaranty or otherwise, for any indebtedness of the Company or any subsidiary of the Company, including, without limitation, any
indebtedness which the Company or any subsidiary of the Company has assumed or taken subject to, and (iii) any liabilities which an Indemnitee incurs as a result of acting on behalf of the Company (whether as a fiduciary or otherwise) in
connection with the operation, administration or maintenance of an employee benefit plan or any related trust or funding mechanism. 

  

	 	(g)	 Indemnifiable Event: means any event or occurrence, whether occurring before, on or after the date of
this Agreement, related to the fact that Indemnitee is or was a director, officer or fiduciary of the Company, or is or was serving on behalf of the Company or at the request of the Company as a director, officer or fiduciary or similar capacity, of
another company, corporation, limited liability company, partnership, joint venture, employee benefit plan, trust or other entity or enterprise, or by reason of anything done or not done by Indemnitee in any such capacity (in all cases whether or
not Indemnitee is acting or serving in any such capacity or has such status at the time any Indemnifiable Amount is incurred for which indemnification, advancement or any other right can be provided by this Agreement). The term “Company,”
where the context requires when used in this Agreement, shall be construed to include such other company, corporation, limited liability company, partnership, joint venture, employee benefit plan, trust or other entity or enterprise.

  
 3 

	 	(h)	 Indemnitee-Related Entities: means any company, corporation, limited liability company, partnership,
joint venture, trust, employee benefit plan or other entity or enterprise (other than the Company or any other company, corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other entity or enterprise
Indemnitee has agreed, on behalf of the Company or at the Company’s request, to serve as a director, officer or fiduciary and which service is covered by the indemnity described in this Agreement) from whom an Indemnitee may be entitled to
indemnification or advancement of Expenses with respect to which, in whole or in part, the Company may also have an indemnification or advancement obligation. 

 

	 	(i)	 Independent Legal Counsel: means an attorney or firm of attorneys (following a Change in Control,
selected in accordance with the provisions of Section 3 hereof) who is experienced in matters of corporate law and who shall not have otherwise performed services for the Company or Indemnitee within the last three years (other than with
respect to matters concerning the rights of Indemnitee under this Agreement, or of other indemnitees under similar indemnity agreements). 

  

	 	(j)	 Jointly Indemnifiable Claim: means any Claim for which Indemnitee may be entitled to indemnification
from both an Indemnitee-Related Entity and the Company pursuant to applicable Cayman Islands law, any indemnification agreements or the certificate of incorporation, By-Laws, memorandum and articles of
association, partnership agreement, operating agreement, certificate of formation, certificate of limited partnership or comparable organizational documents of the Company or an Indemnitee-Related Entity. 

 

	 	(k)	 Reviewing Party: any appropriate person or body consisting of a member or members of the Company’s
Board of Directors or any other person or body appointed by the Board of Directors who is not a party to the particular Claim for which Indemnitee is seeking indemnification, or Independent Legal Counsel, selected as set forth in Section 1(j).

  

	 	(l)	 Securities Act: means the U.S. Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder. 

  

	 	(m)	 Voting Securities: means any securities of the Company which vote generally in the appointment of
directors. 

  
 4 

	2.	 Basic Indemnification Arrangement; Advancement of Expenses. 

 

	 	(a)	 In the event Indemnitee was, is or becomes a party to or witness or other participant in, or is threatened to
be made a party to or witness or other participant in, a Claim by reason of (or arising in part out of) an Indemnifiable Event, the Company shall indemnify Indemnitee, or cause Indemnitee to be indemnified, to the fullest extent permitted by law as
soon as practicable but in any event no later than thirty (30) days after written demand is presented to the Company, and hold Indemnitee harmless against any and all Indemnifiable Amounts, if 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 and, in the case of a criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 

 

	 	(b)	 If so requested by Indemnitee, the Company shall advance, or cause to be advanced (within five
(5) business days of such request), any and all Expenses incurred by Indemnitee (an “Expense Advance”). Expense Advances shall, to the fullest extent permitted by law, be made without regard to Indemnitee’s ability to
repay the Expenses and without regard to Indemnitee’s ultimate entitlement to be indemnified or held harmless under the other provisions of this Agreement. The Company shall, in accordance with such request (but without duplication), either
(i) pay, or cause to be paid, such Expenses on behalf of Indemnitee, or (ii) reimburse, or cause the reimbursement of, Indemnitee for such Expenses. Subject to Section 2(d), Indemnitee’s right to an Expense Advance is absolute
and shall not be subject to any prior determination by the Reviewing Party that Indemnitee has satisfied any applicable standard of conduct for indemnification under applicable Cayman Islands law. 

 

	 	(c)	 Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to indemnification
or advancement of Expenses pursuant to this Agreement in connection with any Claim initiated by Indemnitee unless (i) the Company has joined in or the Board of Directors has authorized or consented to the initiation of such Claim or
(ii) the Claim is one to enforce Indemnitee’s rights under this Agreement. 

  

	 	(d)	 Notwithstanding the foregoing, (i) the indemnification obligations of the Company under Section 2(a)
shall be subject to the condition that the Reviewing Party shall not have determined (in a written legal opinion, in any case in which the Independent Legal Counsel is involved as required by Section 3 hereof) that Indemnitee would not be
permitted to be indemnified under applicable Cayman Islands law, and (ii) the obligation of the Company to make an Expense Advance pursuant to Section 2(b) shall be subject to the condition that, if, when and to the extent that the
Reviewing Party determines (in a written legal opinion, in any case in which the Independent Legal Counsel is involved as required by Section 3 hereof) that Indemnitee would not be permitted to be so indemnified under applicable Cayman Islands
law, the Company shall be entitled to be reimbursed by Indemnitee (who, by execution of this Agreement, hereby agrees to reimburse the Company) for all such amounts theretofore paid (it being understood and agreed that the foregoing agreement by
Indemnitee shall be deemed to satisfy any requirement that Indemnitee provide the Company with an undertaking to repay any Expense Advance if it is ultimately determined that Indemnitee is not entitled

  
 5 

	 	
to indemnification under applicable Cayman Islands law); provided, however, that if Indemnitee has commenced or thereafter commences legal proceedings in a court of competent jurisdiction to
secure a determination that Indemnitee should be indemnified under applicable Cayman Islands law, any determination made by the Reviewing Party that Indemnitee would not be permitted to be indemnified under applicable Cayman Islands law shall not be
binding and Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights of appeal therefrom have been exhausted or lapsed).
Indemnitee’s undertaking to repay such Expense Advances shall be unsecured and interest-free. If there has not been a Change in Control (or there has been a Change in Control which has been approved by a majority of the Company’s Board of
Directors who were directors immediately prior to such Change in Control), the Reviewing Party shall be selected by the Board of Directors, and if there has been such a Change in Control (other than a Change in Control which has been approved by a
majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control), the Reviewing Party shall be the Independent Legal Counsel referred to in Section 3 hereof. If there has been no determination by
the Reviewing Party within thirty days (30) after written demand is presented to the Company or if the Reviewing Party determines that Indemnitee would not be permitted to be indemnified in whole or in part under applicable Cayman Islands law,
Indemnitee shall have the right to commence litigation in any Cayman Islands court having subject matter jurisdiction thereof and in which venue is proper seeking an initial determination by the court or challenging any such determination by the
Reviewing Party or any aspect thereof, including the legal or factual basis therefor, and the Company hereby consents to service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive
and binding on the Company and Indemnitee. 

  

	3.	 Change in Control. The Company agrees that if there is a Change in Control of the Company (other than a
Change in Control which has been approved by a majority of the Company’s Board of Directors who were directors immediately prior to such Change in Control) then with respect to all matters thereafter arising concerning the rights of Indemnitee
to indemnity payments and Expense Advances under this Agreement or any provision of the Articles now or hereafter in effect relating to Claims for Indemnifiable Events, the Company shall seek legal advice only from Independent Legal Counsel selected
by Indemnitee and approved by the Company (which approval shall not be unreasonably delayed, conditioned or withheld). Such counsel, among other things, shall render its written opinion to the Company and Indemnitee as to whether and to what extent
the Indemnitee would be permitted to be indemnified under applicable Cayman Islands law. The Company agrees to pay the reasonable fees of the Independent Legal Counsel and to indemnify fully such counsel against any and all expenses (including
attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

  
 6 

	4.	 Indemnification for Additional Expenses. The Company shall indemnify, or cause the indemnification of,
Indemnitee against any and all Expenses and, if requested by Indemnitee, shall advance such Expenses to Indemnitee subject to and in accordance with Section 2(b), which are actually incurred by Indemnitee in connection with any action brought
by Indemnitee for (i) indemnification or an Expense Advance by the Company under this Agreement or any provision of the Articles now or hereafter in effect relating to Claims for Indemnifiable Events and/or (ii) recovery under any
directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, Expense Advance or insurance recovery, as the case may be;
provided that Indemnitee shall be required (and by execution of this Agreement does hereby agree) to reimburse such Expenses in the event that a final judicial determination is made (as to which all rights of appeal therefrom have been exhausted or
lapsed) that such action brought by Indemnitee, or the defense by Indemnitee of an action brought by the Company or any other person, as applicable, was frivolous or in bad faith. 

 

	5.	 Partial Indemnity, Etc. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for some or a portion of the Expenses or other Indemnifiable Amounts in respect of a Claim but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion
thereof to which Indemnitee is entitled. Moreover, notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits or otherwise in defense of any or all Claims relating in whole or in part to an
Indemnifiable Event or in defense of any issue or matter therein, including dismissal without prejudice, Indemnitee shall be indemnified against all Expenses incurred in connection therewith. 

 

	6.	 Burden of Proof, Etc. In connection with any determination by the Reviewing Party or otherwise as to
whether Indemnitee is entitled to be indemnified hereunder the Reviewing Party, court, any finder of fact or other relevant person shall presume that Indemnitee has satisfied the applicable standard of conduct under applicable Cayman Islands law and
is entitled to indemnification, and the burden of proof shall be on the Company (or any other person or entity disputing such conclusions) to establish, by clear and convincing evidence, that Indemnitee is not so entitled. 

 

	7.	 Reliance as Safe Harbor. For purposes of this Agreement, Indemnitee shall be deemed to have 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 if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company, including its
financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the employees of the Company in the course of their duties, or by committees of the Board of Directors, or by any other person (including legal
counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within such other person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. In
addition, the knowledge and/or actions, or failures to act, of any director, officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder. 

  
 7 

	8.	 No Other Presumptions. For purposes of this Agreement, the termination of any Claim 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 applicable Cayman Islands law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether Indemnitee has met any particular standard of
conduct or had any particular belief, nor an actual determination by the Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by Indemnitee to secure a
judicial determination that Indemnitee should be indemnified under applicable Cayman Islands law shall be a defense to Indemnitee’s claim or create a presumption that Indemnitee has not met any particular standard of conduct or did not have any
particular belief. 

  

	9.	 Nonexclusivity, Etc. The rights of the Indemnitee hereunder shall be in addition to any other rights
Indemnitee may have under the Articles, applicable Cayman Islands law or otherwise. To the extent that a change in applicable Cayman Islands law (whether by statute or judicial decision) permits greater indemnification by agreement than would be
afforded currently under the Articles and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. To the extent that there is a conflict or inconsistency
between the terms of this Agreement and the Articles, it is the intent of the parties hereto that Indemnitee shall enjoy the greater benefits regardless of whether contained herein or in the Articles. No amendment or alteration of the Articles or
any other agreement shall adversely affect the rights provided to Indemnitee under this Agreement. 

  

	10.	 Liability Insurance. The Company shall, from time to time, make the good faith determination whether or
not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the directors and officers of the Company with coverage for losses from wrongful acts, or to ensure the
Company’s performance of its indemnification obligations under this Agreement. Among other considerations, the Company will weigh the costs of obtaining such insurance coverage against the protection afforded by such coverage. To the extent the
Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, Indemnitee shall be (i) covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the
coverage available for the Company’s directors and officers and (ii) named as an insured in such a manner as to provide Indemnitee with the same rights and benefits as are accorded to the most favorably insured of the Company’s
directors, if Indemnitee is a director, or of the Company’s officers, if Indemnitee is not a director of the Company but is an officer. Notwithstanding the foregoing, the purchase, establishment, and maintenance of any such insurance shall not
in any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit
or affect the rights and obligations of the Company or the other party or parties thereto with respect to any such insurance. If, at the time the Company receives notice from any source of a Claim as to which Indemnitee is a party or a participant
(as a witness, deponent or otherwise), the Company has director and officer liability or similar insurance in effect, the Company shall give prompt notice of such Claim to the insurers in accordance with the procedures set forth in the respective
policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Claim in accordance with the terms of such policies. 

  
 8 

	11.	 Amendments, Etc. No supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a
continuing waiver. 

  

	12.	 Subrogation. Subject to Section 13 hereof, 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 papers reasonably required and shall do everything that may be reasonably necessary to secure such rights, including the
execution of such documents necessary to enable the Company effectively to bring suit to enforce such rights. The Company shall pay or reimburse all Expenses actually and reasonably incurred by Indemnitee in connection with such subrogation.

  

	13.	 Jointly Indemnifiable Claims. Given that certain Jointly Indemnifiable Claims may arise due to the
relationship between the Indemnitee-Related Entities and the Company and the service of Indemnitee as a director and/or officer of the Company at the request of the Indemnitee-Related Entities, the Company acknowledges and agrees that the Company
shall be fully and primarily responsible for the payment to Indemnitee in respect of indemnification and advancement of expenses in connection with any such Jointly Indemnifiable Claim, pursuant to and in accordance with the terms of this Agreement,
irrespective of any right of recovery Indemnitee may have from the Indemnitee-Related Entities. Under no circumstance shall the Company be entitled to any right of subrogation or contribution by the Indemnitee-Related Entities and no right of
recovery Indemnitee may have from the Indemnitee-Related Entities shall reduce or otherwise alter the rights of Indemnitee or the obligations of the Company hereunder. In the event that any of the Indemnitee-Related Entities shall make any payment
to Indemnitee in respect of indemnification or advancement of Expenses with respect to any Jointly Indemnifiable Claim, the Company agrees that such payment or advancement shall not extinguish or affect in any way the rights of Indemnitee under this
Agreement and further agrees that the Indemnitee-Related Entity making such payment shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee against the Company. A person who is not a party to this Agreement
may not, in its own right or otherwise, enforce any term of this Agreement except that Indemnitee-Related Entity (each, a “Beneficiary”) may in their own right enforce Section 13 of this Agreement subject to and in accordance
with the provisions of the Contracts (Rights of Third Parties) Act (As Revised), as amended, modified, re-enacted or replaced. Notwithstanding any other term of this Agreement, the consent of any person who is
not a party to this Agreement (including without limitation any Beneficiary) is not required for any amendment to, or variation, release, rescission or termination of this Agreement. 

  
 9 

	14.	 No Duplication of Payments. Subject to Section 13 hereof, the Company shall not be liable under
this Agreement to make any payment in connection with any Claim made against Indemnitee to the extent payment has otherwise actually been made by or on behalf of Indemnitee (under any insurance policy, any provision of the Articles or otherwise) of
the amounts otherwise indemnifiable hereunder. 

  

	15.	 Defense of Claims. The Company shall be entitled to participate in the defense of any Claim relating to
an Indemnifiable Event or to assume the defense thereof, with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any such Claim, the Company shall not be liable to
Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with Indemnitee’s defense of such Claim other than reasonable costs of investigation or as otherwise provided below.
Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company of its assumption of the defense shall be at Indemnitee’s own expense; provided that,
if Indemnitee reasonably believes, after consultation with counsel selected by Indemnitee, that (i) the use of counsel chosen by the Company to represent Indemnitee would present such counsel with an actual or potential conflict of interest,
(ii) the named parties in any such Claim (including any impleaded parties) include both the Company, or any subsidiary of the Company, and Indemnitee, and Indemnitee concludes that there may be one or more legal defenses available to him or her
that are different from or in addition to those available to the Company or any subsidiary of the Company, or (iii) any such representation by such counsel would be precluded under the applicable standards of professional conduct then
prevailing, then Indemnitee shall be entitled to retain separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any particular Claim or series of related Claims) at the Company’s expense. The Company
shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any Claim relating to an Indemnifiable Event effected without the Company’s prior written consent. The Company shall not, without the prior written
consent of Indemnitee, effect any settlement of any Claim relating to an Indemnifiable Event which Indemnitee is or could have been a party unless such settlement involves solely the payment of money and includes a complete and unconditional release
of Indemnitee from all liability on all claims that are the subject matter of such Claim. Neither the Company nor Indemnitee shall unreasonably withhold, condition or delay its or his or her consent to any proposed settlement; provided that
Indemnitee may withhold consent to any settlement that does not provide a complete and unconditional release of Indemnitee. In no event shall Indemnitee be required to waive, prejudice or limit attorney-client privilege or work-product protection or
other applicable privilege or protection. 

  

	16.	 No Adverse Settlement. The Company shall not seek, nor shall it agree to, consent to, support, or agree
not to contest any settlement or other resolution of any Claim(s), or settlement or other resolution of any other claim, action, proceeding, demand, investigation or other matter that has the actual or purported effect of extinguishing, limiting or
impairing Indemnitee’s rights hereunder, including without limitation the entry of any bar order or other order, decree or stipulation, pursuant to 15 U.S.C. § 78u-4 (the Private Securities
Litigation Reform Act), or any similar foreign, federal or state statute, regulation, rule or law. 

  
 10 

	17.	 Binding Effect, Etc. This Agreement shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors, (including any direct or indirect successor or continuing company by purchase, merger, consolidation or otherwise to all or substantially all of the business and/or assets of the
Company), permitted assigns, spouses, heirs, executors and personal and legal representatives. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as a director or officer of the Company or of any other
enterprise at the Company’s request. 

  

	18.	 Security. To the extent requested by Indemnitee and approved by the Board of Directors, the Company may
at any time and from time to time provide security to Indemnitee for the obligations of the Company hereunder through an irrevocable bank line of credit, funded trust or other collateral or by other means. Any such security, once provided to
Indemnitee, may not be revoked or released without the prior written consent of such Indemnitee. 

  

	19.	 Duration of Agreement. All agreements and obligations of the Company contained herein shall continue
during the period Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any another company, corporation, limited liability company,
partnership, joint venture, employee benefit plan, trust or other entity or enterprise which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Claim by reason of
service of Indemnitee as a director and/or officer of the Company at the request of the Indemnitee-Related Entities, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which indemnification
or advancement can be provided under this Agreement. 

  

	20.	 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, all portions of any paragraph of this Agreement containing any such provision
held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and (b) to the fullest extent possible, the provisions of this Agreement (including,
without limitation, all portions of any paragraph of this Agreement containing any such provision held to be invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal
or unenforceable and to give effect to the terms of this Agreement. 

  

	21.	 Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated by
the Company, Indemnitee may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee so elects, to institute proceedings, either in law or at equity, to obtain damages, to
enforce specific performance, to enjoin such violation, or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. 

  
 11 

	22.	 Notices. All notices, requests, consents and other communications hereunder to any party shall be deemed
to be sufficient if contained in a written document delivered in person or sent by electronic mail, nationally recognized overnight courier or personal delivery, addressed to such party at the address set forth below or such other address as may
hereafter be designated on the signature pages of this Agreement or in writing by such party to the other parties: 

  

	 	(a)	 If to the Company, to: 

Semantix, Inc. 

Avenida Eusébio Matoso, 1.375, 10o andar 

São Paulo, São Paulo Brazil, ZIP Code 05423-180 

Attention: Depto. Jurídico 

Email: juridico@semantix.com.br 

with copies to (which shall not constitute notice): 

Skadden, Arps, Slate, Meagher & Flom LLP 

Avenida Brigadeiro Faria Lima, 3311, 7o andar 

04538-133 São Paulo – SP, Brazil 

Attention:             Filipe B. Areno 

Lauren Bennett 

Email:                   
filipe.areno@skadden.com 
 lauren.bennett@skadden.com 

 

	 	(b)	 If to Indemnitee, to: 

[•] 
 All such notices,
requests, consents and other communications shall be deemed to have been given or made if and when received (including by overnight courier) by the parties at the above addresses or sent by electronic transmission, with confirmation received, to the
emails specified above (or at such other address for a party as shall be specified by like notice). Any notice delivered by any party hereto to any other party hereto shall also be delivered to each other party hereto simultaneously with delivery to
the first party receiving such notice. Sections 8 and 19(3) of the Electronic Transactions Act (As Revised) of the Cayman Islands shall not apply to this Agreement or to any notice or other communication given or made hereunder or otherwise in
connection herewith. 
  

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

  
 12 

	24.	 Headings. The headings of the sections and paragraphs of this Agreement are inserted for convenience
only and shall not be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof. 

  

	25.	 Governing Law. This Agreement shall be governed by and construed and enforced in accordance with the
laws of the State of Delaware applicable to contracts made and to be performed in such state without giving effect to the principles of conflicts of laws. 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on the date first
written above. 
  

			
	SEMANTIX, INC.
		
	By	 	  

		 	Name:
		 	Title:
	
	  

	[Indemnitee]

 [Signature Page to Indemnification Agreement]Exhibit
10.3

 

THIS
IS A BALLOON NOTE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS $202,872.78 ON AUGUST 19, 2022, TOGETHER
WITH ACCURED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE LENDER UNDER THE TERMS OF THIS NOTE.

 

PROMISSORY
NOTE

 

	$206,390.40	 	Naples,
    Florida
	 	 	February
    21, 2021

 

FOR
VALUE RECEIVED, DUSTIN MICHAEL CRUM (the “Borrower”), promises to pay to IMPACT BIOMEDICAL, INC., a Nevada corporation or
to order (the “Lender”), in the manner hereinafter specified, the principal sum of TWO HUNDRED AND SIX THOUSAND THREE HUNDRED
NINETY AND 40/100 DOLLARS ($206,390.40) (the “Loan”), and Borrower further promises to pay to Lender interest on the principal
amount evidenced hereby from time to time outstanding at the fixed rate of Six and One-Half Percent (6.5%) per annum amortized over a
thirty (30) year period.

 

		1.	PAYMENT.
                                            The Borrower agrees to make payments as follows: Borrower shall make monthly payments
                                            of One Thousand Three Hundred and Four and 53/100ths Dollars ($1,304.53) on the twenty-first
                                            day of each month beginning on March 19, 2021, and continuing each month thereafter until
                                            August 19, 2022, the “Maturity Date,” at which time all accrued interest and
                                            the entire remaining principal shall be due and payable in full.
	 	 	 
		2.	SECURITY.
                                            This Note is secured by a certain Real Property Mortgage of even date herewith (the “Mortgage”)
                                            encumbering certain real property situated in Collier County, Florida (the “Property”),
                                            which Mortgage is incorporated herein by reference.
	 	 	 
		3.	PREPAYMENT.
                                            The Borrower shall have the privilege of prepaying this Note, in part or in full, at
                                            any time; provided, however, that Lender shall be entitled to retain any pre-paid interest
                                            notwithstanding such prepayment by Borrower.
	 	 	 
		4.	LEGAL
                                            INTEREST RATE. All terms, conditions and agreements herein are expressly limited
                                            so that in no contingency or event whatsoever, whether by reason of advancement or the proceeds
                                            hereof, acceleration of maturity of the unpaid principal balance hereof, or otherwise, shall
                                            the amount paid or agreed to be paid to the Lender hereof for the use, forbearance or detention
                                            of the money to be advanced hereunder exceed the highest lawful rate permissible under applicable
                                            laws. If, from any circumstances whatsoever, fulfillment of any provision hereof shall result
                                            in an unlawful interest rate as determined by a court of competent jurisdiction, then the
                                            obligation to be fulfilled shall be reduced to the highest rate allowed by law, and if under
                                            any circumstances the Lender hereof shall ever receive as interest an amount which would
                                            exceed the highest lawful rate, such amount which would be excessive interest shall be applies
                                            to the reduction of the unpaid principal balance due hereunder and not to the payment of
                                            interest.

 

    	 

    	 

    

 

		5.	ACCELERATION
                                            IN EVENT OF DEFAULT. If default in the payment of any of the sums or interest
                                            mentioned herein, or in said Mortgage, or in the performance of any of the agreements contained
                                            herein or in said Mortgage, or in the performance of the agreements contained herein or in
                                            said Mortgage, then the entire principal sum and accrued interest shall, at the option of
                                            the Lender, become at once due and collectible upon five (5) days written notice from Lender
                                            for a monetary default and ten (10) days written notice from Lender for a non-monetary default,
                                            time being of the essence; and said principal sum and accrued interest shall both bear interest
                                            from such time until paid at the “Default Rate” shall mean the highest rate permitted
                                            by appropriate law.
	 	 	 
		6.	SEVERABILITY.
                                            The parties hereto intend and believe that each provision in this Note comports with
                                            all applicable local, state and federal laws and judicial decisions. However, if any provisions,
                                            provision, or portion of any provision in this Note is found by a court of competent jurisdiction
                                            to be in violation of any applicable local, state or federal ordinance, statute, law, or
                                            administrative or judicial decision, or public policy, and if such court would declare such
                                            portion, provision or provisions of this Note to be illegal, invalid, unlawful, void or unenforceable
                                            as written then it is the intent of all parties hereto that such portion, provision or provisions
                                            shall be given force and effect to the fullest possible extent that they are legal, valid
                                            and enforceable, and that the remainder of this Note shall be construed as if such illegal,
                                            invalid, unlawful, void or unenforceable portion, provision or provisions were severable
                                            and not contained therein, and that the rights obligations and interest of the Borrower and
                                            the Lender hereof under the remainder of this Note shall continue in full force and effect.
	 	 	 
		7.	WAIVERS,
                                            ATTORNEYS FEES AND COSTS. Each person liable hereon whether borrower or endorser,
                                            hereby waives presentment, protest, notice (except notice of default as provided herein),
                                            notice of protest and notice of dishonor and agrees to pay all costs, including a reasonable
                                            attorney’s fee, whether suit be brought or not, and in the event of appeal, if, after
                                            maturity of this Note or default hereunder, counsel shall be employed to collect this Note.
	 	 	 
		8.	RENEWAL.
                                            The taking of a renewal note without the signature of any Borrower or endorser liable
                                            on this Note shall not be deemed a payment or discharge of this obligation and the liability
                                            created hereunder shall continue until this Note is paid in full.
	 	 	 
		9.	LATE
                                            PAYMENT. Borrower shall pay to the Lender a late charge of five-percent (5%) of any
                                            payment which is not paid within five days (5) after due.

 

    	 

    	 

    

 

		10.	JOINT
                                            AND SEVERAL LIABILITY. All the parties executing this Note or otherwise becoming
                                            liable for the debt and obligations evidenced herein shall be, jointly and severability,
                                            obligated hereunder and in furtherance agree that no release, compromise, indulgence, extension,
                                            renewal, nonexercise of right or remedy, suit or collection effort, whether against one,
                                            some or all of such liable parties shall release, reduce or effect in any way the liability
                                            or indebtedness of any other such liable party.
	 	 	 
		11.	SETOFF.
                                            Borrower shall have no rights of setoff.
	 	 	 
		12.	TERMINOLOGY.
                                            Whenever used herein, the terms “Borrower” and “Lender” shall
                                            be construed in the singular or plural as context may require or admit.
	 	 	 
		13.	APPLICABLE
                                            LAW. This Note is to be construed according to the laws of the State of Florida,
                                            exclusive of choice of law rules.
	 	 	 
		14.	CAPTIONS.
                                            Captions and headings in this Note are for convenience only and shall not be relied upon
                                            in construing the meaning of this Note or any of its provisions.
	 	 	 
		15.	NO
                                            SUBORDINATE FINANCING. Borrower shall not enter into any subsequent loan agreement
                                            which is secured by the property described in the Mortgage.
	 	 	 
		16.	INVESTMENT
                                            PURPOSE. Borrower represents that the loan is for investment purposes, the property
                                            will not be used for residential or homestead purposes of the Borrower, the Borrower does
                                            not intend to reside on the property to secure this Note, and that Borrower is a non-consumer
                                            buyer of the property to secure this Note.

 

THIS
IS A BALLOON NOTE AND THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY IS $202,872.78 ON AUGUST 19, 2022, TOGETHER
WITH ACCURED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE LENDER UNDER THE TERMS OF THIS NOTE.

 

	 	BORROWER
	 	 	 
	 	Dustin Michael Crum
	 	 	 
	 	By:	
	 	 	Dustin
    Michael Crum
	 	 	 
	 	 	Address
    of Borrower:
	 	 	40904
    Tamiami Trail East
	 	 	Ochopee,
    Florida 34141

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00348-of-00352.parquet"}]]