Document:

tm221991-33_424b3_DIV_64-annexe - none - 2.1093925s

    
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          Exhibit 10.8​

        
          MONDEE HOLDINGS, INC. 
          

          2022 EMPLOYEE STOCK PURCHASE PLAN 
        

        
          ARTICLE I 
          

          PURPOSE, SCOPE AND ADMINISTRATION OF THE PLAN 
        

        
          1.1   Purpose and Scope.   The purpose of the Mondee Holdings, Inc. 2022 Employee Stock Purchase Plan (as it may be amended from time to time, the “Plan”) is to assist employees of Mondee Holdings, Inc., a Delaware corporation (the “Company”), and its Designated Subsidiaries in acquiring a stock ownership interest in the Company pursuant to a plan which is intended to qualify as an “employee stock purchase plan” under Section 423 of the Code and to help such employees provide for their future security and to encourage them to remain in the employment of the Company and its Designated Subsidiaries. 
        

        
          ARTICLE II 
          

          DEFINITIONS 
        

        
          Whenever the following terms are used in the Plan, they shall have the meaning specified below unless the context clearly indicates to the contrary. The singular pronoun shall include the plural where the context so indicates. 
        

        
          2.1   “Administrator” shall mean the Committee, or such individuals to which authority to administer the Plan has been delegated under Section 7.1 hereof. 
        

        
          2.2   “Agent” means the brokerage firm, bank or other financial institution, entity or person(s), if any, engaged, retained, appointed or authorized to act as the agent of the Company or an Employee with regard to the Plan. 
        

        
          2.3   “Applicable Law” shall mean any applicable law, including, without limitation: (a) provisions of the Code, the Securities Act, the Exchange Act and any rules or regulations thereunder; (b) corporate, securities, tax or other laws, statutes, rules, requirements or regulations, whether federal, state, local or foreign; and (c) rules of any securities exchange or automated quotation system on which the Common Stock is listed, quoted or traded. 
        

        
          2.4   “Board” shall mean the Board of Directors of the Company. 
        

        
          2.5   “Code” shall mean the Internal Revenue Code of 1986, as amended. 
        

        
          2.6   “Committee” shall mean the Compensation Committee of the Board. 
        

        
          2.7   “Common Stock” shall mean the common stock of the Company, par value $0.01 per share. 
        

        
          2.8   “Company” shall have such meaning as set forth in Section 1.1 hereof. 
        

        
          2.9   “Compensation” of an Employee shall mean, unless otherwise specified by the Administrator in an Offering Document, the regular straight-time earnings or base salary, bonuses and/or commissions paid to the Employee from the Company on each Payday as compensation for services to the Company or any Designated Subsidiary, before deduction for any salary deferral contributions made by the Employee to any tax-qualified or nonqualified deferred compensation plan, including overtime, shift differentials, vacation pay, salaried production schedule premiums, holiday pay, jury duty pay, funeral leave pay, paid time off, military pay, prior week adjustments and weekly bonus, but excluding education or tuition reimbursements, imputed income arising under any group insurance or benefit program, travel expenses, business and moving reimbursements, income received in connection with any stock options, restricted stock, restricted stock units or other compensatory equity awards and all contributions made by the Company or any Designated Subsidiary for the Employee’s benefit under any employee benefit plan now or hereafter established. Such Compensation shall be calculated before deduction of any required income or employment tax withholdings. 
        

        
          2.10   “Designated Subsidiary” shall mean each Subsidiary that has been designated by the Board or Committee from time to time, in its sole discretion, as eligible to participate in the Plan, including any 
        

      

      
        
           
          

        

      

      
        
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          Subsidiary in existence on the Effective Date and any Subsidiary formed or acquired following the Effective Date, in accordance with Section 7.2 hereof. 
        

        
          2.11   “Effective Date” shall mean the date on which the Plan is adopted by the Board, subject to approval of the Company’s stockholders within twelve (12) months of such date of adoption. 
        

        
          2.12   “Eligible Employee” shall mean an Employee who, after the granting of the Option, would not be deemed for purposes of Section 423(b)(3) of the Code to possess five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or any Subsidiary. For purposes of the foregoing sentence, the rules of Section 424(d) of the Code with regard to the attribution of stock ownership shall apply in determining the stock ownership of an individual, and stock which an Employee may purchase under outstanding options shall be treated as stock owned by the Employee. Notwithstanding the foregoing, the Administrator may provide in an Offering Document that an Employee is excluded from participation in the Plan in an Offering Period if (a) such Employee is a “highly compensated employee” of the Company or any Designated Subsidiary (within the meaning of Section 414(q) of the Code), or is a “highly compensated employee” ​(i) with compensation above a specified level, (ii) who is an officer and/or (iii) who is subject to the disclosure requirements of Section 16(a) of the Exchange Act; (b) such Employee has not met a service requirement designated by the Administrator pursuant to Section 423(b)(4)(A) of the Code (which service requirement may not exceed two (2) years), (c) such Employee is customarily scheduled to work less than twenty (20) hours per week, (d) such Employee’s customary employment is for less than five (5) months in any calendar year and/or (e) such Employee is a citizen or resident of a foreign jurisdiction (without regard to whether they are also a citizen of the United States or a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either (i) the grant of the Option is prohibited under the laws of the jurisdiction governing such Employee, or (ii) compliance with the laws of the foreign jurisdiction would cause the Plan or the Option to violate the requirements of Section 423 of the Code; provided that any exclusion in clauses (a), (b), (c), (d) or (e) shall be applied in an identical manner under each Offering Period to all Employees of the Company and all Designated Subsidiaries, in accordance with Treasury Regulations § 1.423-2(e). 
        

        
          2.13   “Employee” shall mean any person who renders services to the Company or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. “Employee” shall not include any director of the Company or a Designated Subsidiary who does not render services to the Company or a Designated Subsidiary in the status of an employee within the meaning of Section 3401(c) of the Code. For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on military leave, sick leave or other leave of absence approved by the Company or Designated Subsidiary and meeting the requirements of Treasury Regulations § 1.421-1(h)(2). Where the period of leave exceeds three (3) months, or such other period specified in Treasury Regulations § 1.421-1(h)(2), and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three (3)-month period, or such other period specified in Treasury Regulations § 1.421-1(h)(2). 
        

        
          2.14   “Enrollment Date” shall mean the first date of each Offering Period. 
        

        
          2.15   “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
        

        
          2.16   “Exercise Date” shall mean the last Trading Day of each Offering Period, except as provided in Section 5.2 hereof. 
        

        
          2.17   “Fair Market Value” shall mean, for purposes of the Plan, unless otherwise required by any applicable provision of the Code or any regulations issued thereunder, as of any date and except as provided below, the last sales price reported for the Common Stock on the applicable date: (a) as reported on the principal national securities exchange in the United States on which it is then traded or, (b) if the Common Stock is not traded, listed or otherwise reported or quoted, the Committee shall determine in good faith the Fair Market Value in whatever manner it considers appropriate. Notwithstanding the foregoing, with respect to any Offering Period that begins on the pricing date of the Company’s initial public offering, the Fair Market Value shall mean the initial public offering price of a Share as set forth in the Company’s final prospectus relating to its initial public offering filed with the Securities and Exchange Commission. 
        

        
          2.18   “Grant Date” shall mean the first Trading Day of an Offering Period. 
        

      

      
        
           
          

        

      

      
        
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          2.19   “New Exercise Date” shall mean any new Exercise Date set by the Administrator, in its sole discretion, in connection with the proposed (a) dissolution or liquidation of the Company or (b) sale of all or substantially all of the assets of the Company, the merger of the Company with or into another corporation or such other transaction as set forth by the Administrator in an Offering Document. 
        

        
          2.20   “Offering Document” shall have the meaning given to such term in Section 3.2. 
        

        
          2.21   “Offering Period” shall mean such period of time commencing on such date(s) as determined by the Administrator, in its sole discretion, and with respect to which Options shall be granted to Participants, following the Effective Date, except as otherwise provided under Section 5.3 hereof. The duration and timing of Offering Periods may be changed by the Board or Committee, in its sole discretion. Notwithstanding the foregoing, in no event may an Offering Period exceed twenty-seven (27) months. 
        

        
          2.22   “Option” shall mean the right to purchase Shares pursuant to the Plan during each Offering Period. 
        

        
          2.23   “Option Price” shall mean the purchase price of a Share hereunder as provided in Section 4.2 hereof. 
        

        
          2.24   “Organizational Documents” shall mean, collectively, (a) the Company’s articles of incorporation, certificate of incorporation, bylaws or other similar organizational documents relating to the creation and governance of the Company, and (b) the Committee’s charter or other similar organizational documentation relating to the creation and governance of the Committee. 
        

        
          2.25   “Parent” means any entity that is a parent corporation of the Company within the meaning of Section 424 of the Code and the Treasury Regulations thereunder. 
        

        
          2.26   “Participant” shall mean any Eligible Employee who elects to participate in the Plan. 
        

        
          2.27   “Payday” shall mean the regular and recurring established day for payment of Compensation to an Employee of the Company or any Designated Subsidiary. 
        

        
          2.28   “Plan” shall have such meaning as set forth in Section 1.1 hereof. 
        

        
          2.29   “Plan Account” shall mean a bookkeeping account established and maintained by the Company in the name of each Participant. 
        

        
          2.30   “Securities Act” shall mean the Securities Act of 1933, as amended 
        

        
          2.31   “Share” shall mean a share of Common Stock. 
        

        
          2.32   “Subsidiary” shall mean any entity that is a subsidiary corporation of the Company within the meaning of Section 424 of the Code and the Treasury Regulations thereunder. In addition, with respect to any sub-plans adopted under Section 7.1(d) hereof which are designed to be outside the scope of Section 423 of the Code, Subsidiary shall include any corporate or noncorporate entity in which the Company has a direct or indirect equity interest or significant business relationship. 
        

        
          2.33   “Trading Day” shall mean a day on which the principal securities exchange on which the Common Stock is listed is open for trading or, if the Common Stock is not listed on a securities exchange, shall mean a business day, as determined by the Administrator in good faith. 
        

        
          2.34   “Withdrawal Election” shall have such meaning as set forth in Section 6.1(a) hereof. 
        

        
          ARTICLE III 
          

          PARTICIPATION 
        

        
          3.1   Eligibility. 
        

        
          (a)   Any Eligible Employee who shall be employed by the Company or a Designated Subsidiary on a given Enrollment Date for an Offering Period shall be eligible to participate in the Plan during such Offering Period, subject to the requirements of Articles IV and V hereof, and the limitations imposed by Section 423(b) of the Code and the Treasury Regulations thereunder. 
        

      

      
        
           
          

        

      

      
        
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          (b)   No Eligible Employee shall be granted an Option under the Plan if such Option would permit such Eligible Employee’s Options to accrue at a rate that exceeds $25,000 of the Fair Market Value of the Shares issuable under such Options (determined at the time the Option is granted) for each calendar year in which any Option granted to the Eligible Employee is outstanding at any time. For purposes of the limitation imposed by this subsection: 
        

        
          (i)   the right to purchase Shares under an Option accrues when the Option (or any portion thereof) first becomes exercisable during the calendar year, 
        

        
          (ii)   the right to purchase Shares under an Option accrues at the rate provided in the Option, but in no case may such rate exceed $25,000 of Fair Market Value of such Shares (determined at the time such option is granted) for any one calendar year, and 
        

        
          (iii)   a right to purchase Shares which has accrued under an Option may not be carried over to any other Option; provided that Participants may carry forward amounts so accrued that represent a fractional Share and were withheld but not applied towards the purchase of Common Stock under an earlier Offering Period, and may apply such amounts towards the purchase of additional Shares under a subsequent Offering Period. 
        

        
          The limitation under this Section 3.1(b) shall be applied in accordance with Section 423(b)(8) of the Code and the Treasury Regulations thereunder. 
        

        
          3.2   Offering Document.   The terms and conditions applicable to each Offering Period shall be set forth in an “Offering Document” adopted by the Administrator, which Offering Document shall be in such form and shall contain such terms and conditions as the Administrator shall deem appropriate and shall be incorporated by reference into and made part of the Plan and shall be attached hereto as part of the Plan. The provisions of separate Offering Periods under the Plan need not be identical. Each Offering Document with respect to an Offering Period shall specify (through incorporation of the provisions of this Plan by reference or otherwise): (a) the length of the Offering Period, which period shall not exceed twenty-seven (27) months; (b) the maximum number of Shares that may be purchased by any Eligible Employee during such Offering Period, which, in the absence of a contrary designation by the Administrator, shall be $25,000 worth of Shares; and (c) such other provisions as the Administrator determines are appropriate, subject to the Plan. 
        

        
          3.3   Election to Participate; Payroll Deductions 
        

        
          (a)   Except as provided in Section 3.4 hereof, an Eligible Employee may become a Participant in the Plan only by means of payroll deduction. Each individual who is an Eligible Employee as of an Offering Period’s Enrollment Date may elect to participate in such Offering Period and the Plan by delivering to the Company a payroll deduction authorization no later than such period of time prior to the applicable Enrollment Date as determined by the Administrator, in its sole discretion. 
        

        
          (b)   Subject to Section 3.1(b) hereof, payroll deductions (i) shall be equal to at least one percent (1%) of the Participant’s Compensation as of each Payday of the Offering Period following the Enrollment Date, but not more than the lesser of (A) eight percent (8%) of the Participant’s Compensation as of each Payday of the Offering Period following the Enrollment Date and (B) $25,000 per Offering Period; and (ii) may be expressed by the Participant in the payroll deduction authorization either as (A) a whole number percentage or (B) a fixed dollar amount. Amounts deducted from a Participant’s Compensation with respect to an Offering Period pursuant to this Section 3.3 shall be deducted each Payday through payroll deduction and credited to the Participant’s Plan Account. 
        

        
          (c)   Following at least one (1) payroll deduction, a Participant may decrease (to as low as zero (0)) the amount deducted from such Participant’s Compensation only once during an Offering Period upon ten (10) calendar days’ prior written notice to the Company. A Participant may not increase the amount deducted from such Participant’s Compensation during an Offering Period. 
        

        
          (d)   Notwithstanding the foregoing, upon the termination of an Offering Period, each Participant in such Offering Period shall automatically participate in the immediately following Offering Period at the same payroll deduction percentage as in effect at the termination of the prior Offering Period, unless 
        

      

      
        
           
          

        

      

      
        
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          such Participant delivers to the Company a different election with respect to the successive Offering Period in accordance with Section 3.1(a) hereof, or unless such Participant becomes ineligible for participation in the Plan. 
        

        
          3.4   Leave of Absence.   During leaves of absence approved by the Company meeting the requirements of Treasury Regulations § 1.421-1(h)(2) under the Code, a Participant may continue participation in the Plan by making cash payments to the Company on Participant’s normal payday equal to Participant’s authorized payroll deduction. 
        

        
          3.5   Foreign Employees.   In order to facilitate participation in the Plan, the Administrator may provide for such special terms applicable to Participants who are citizens or residents of a foreign jurisdiction, or who are employed by a Designated Subsidiary outside of the United States, as the Administrator may consider necessary or appropriate to accommodate differences in local law, tax policy or custom. Such special terms may not be more favorable than the terms of rights granted under the Plan to Eligible Employees who are residents of the United States. Moreover, the Administrator may approve such supplements to, or amendments, restatements or alternative versions of, this Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of this Plan as in effect for any other purpose. No such special terms, supplements, amendments or restatements shall include any provisions that are inconsistent with the terms of this Plan as then in effect unless this Plan could have been amended to eliminate such inconsistency without further approval by the stockholders of the Company. 
        

        
          ARTICLE IV 
          

          PURCHASE OF SHARES 
        

        
          4.1   Grant of Option.   Each Participant shall be granted an Option with respect to an Offering Period on the applicable Grant Date. Subject to the limitations of Section 3.1(b) hereof, the number of Shares subject to a Participant’s Option shall be determined by dividing (a) such Participant’s payroll deductions accumulated prior to such Exercise Date and retained in the Participant’s Plan Account on such Exercise Date by (b) the applicable Option Price; provided that in no event shall a Participant be permitted to purchase during each Offering Period more than $25,000 worth of Shares (subject to any adjustment pursuant to Section 5.2 hereof). The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number of Shares that a Participant may purchase during such future Offering Periods. Each Option shall expire on the Exercise Date for the applicable Offering Period immediately after the automatic exercise of the Option in accordance with Section 4.3 hereof, unless such Option terminates earlier in accordance with Article VI hereof. 
        

        
          4.2   Option Price.   The Option Price per Share to be paid by a Participant upon exercise of the Participant’s Option on the applicable Exercise Date for an Offering Period shall be designated by the Administrator in the applicable Offering Document (which Option Price shall not be less than eighty five percent (85%) of the Fair Market Value of a Share on the applicable Enrollment Date or on the Exercise Date, whichever is lower); provided, however, that, in the event no Option Price is designated by the Administrator in the applicable Offering Document, the Option Price for the Offering Periods covered by such Offering Document shall be equal to eighty five percent (85%) of the Fair Market Value of a Share on the Exercise Date;provided further that in no event shall the Option Price per Share be less than the par value per Share. 
        

        
          4.3   Purchase of Shares. 
        

        
          (a)   On the applicable Exercise Date for an Offering Period, each Participant shall automatically and without any action on such Participant’s part be deemed to have exercised Participant’s Option to purchase at the applicable Option Price the largest number of whole Shares which can be purchased with the amount in the Participant’s Plan Account. Any balance less than the Option Price per Share as of such Exercise Date shall be carried forward to the next Offering Period, unless the Participant has elected to withdraw from the Plan pursuant to Section 6.1 hereof, or, pursuant to Section 6.2 hereof, such Participant has ceased to be an Eligible Employee. Any balance not carried forward to the next Offering Period in accordance with the prior sentence promptly shall be refunded to the applicable Participant. 
        

        
          (b)   As soon as practicable following the applicable Exercise Date, the number of Shares purchased by such Participant pursuant to Section 4.3(a) hereof shall be delivered (either in share certificate or 
        

      

      
        
           
          

        

      

      
        
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          book entry form), in the Company’s sole discretion, to either (i) the Participant or (ii) an account established in the Participant’s name at a stock brokerage or other financial services firm designated by the Company. If the Company is required to obtain from any commission or agency authority to issue any such Shares, the Company shall seek to obtain such authority. Inability of the Company to obtain from any such commission or agency authority that counsel for the Company deems necessary for the lawful issuance of any such Shares shall relieve the Company from liability to any Participant except to refund to the Participant such Participant’s Plan Account balance, without interest thereon. 
        

        
          4.4   Transferability of Rights. 
        

        
          (a)   An Option granted under the Plan shall not be transferable, other than by will or the Applicable Laws of descent and distribution, and is exercisable during the Participant’s lifetime only by the Participant. No option or interest or right to the Option shall be available to pay off any debts, contracts or engagements of the Participant or Participant’s successors in interest or shall be subject to disposition by pledge, encumbrance, assignment or any other means, whether such disposition be voluntary or involuntary or by operation of law by judgment, levy, attachment, garnishment or any other legal or equitable proceedings (including bankruptcy), and any attempt at disposition of the Option shall have no effect. 
        

        
          (b)   Unless otherwise determined by the Administrator, there shall be no holding period for the Shares issued pursuant to the exercise of an Option. Any holding period determined by the Administrator shall be subject to Sections 5.2(b) and 5.2(c) below. 
        

        
          ARTICLE V 
          

          PROVISIONS RELATING TO COMMON STOCK 
        

        
          5.1   Common Stock Reserved.   Subject to adjustment as provided in Section 5.2 hereof, the maximum number of Shares that shall be made available for sale under the Plan shall be [SHARE RESERVE]1 Shares. 
        

        
          5.2   Adjustments Upon Changes in Capitalization, Dissolution, Liquidation, Merger or Asset Sale. 
        

        
          (a)   Changes in Capitalization.   Subject to any required action by the stockholders of the Company, the number of Shares which have been authorized for issuance under the Plan but not yet placed under Option, as well as the price per share and the number of Shares covered by each Option under the Plan which has not yet been exercised, shall be proportionately adjusted for any increase or decrease in the number of issued Shares resulting from a stock split, reverse stock split, stock dividend, spinoff, extraordinary cash dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of Shares effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been “effected without receipt of consideration.” Such adjustment shall be made by the Administrator, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, or securities convertible into shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of Shares subject to an Option. 
        

        
          (b)   Dissolution or Liquidation.   In the event of the proposed dissolution or liquidation of the Company, the Offering Period then in progress shall be shortened by setting a New Exercise Date, and the Offering Period shall terminate immediately prior to the consummation of such proposed dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date shall be before the date of the Company’s proposed dissolution or liquidation. The Administrator shall notify each Participant in writing (or electronically if determined by the Administrator), at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise Date, and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 6.1 hereof. 
        

      

      
        
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          Note to Draft:   To be 2% of the fully-diluted Shares of the Company.
        

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          (c)   Merger or Asset Sale.   In the event of a proposed sale of all or substantially all of the assets of the Company, the merger of the Company with or into another corporation or any other transaction as set forth by the Administrator in an Offering Document, each outstanding Option shall be assumed or an equivalent Option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that the successor corporation or a Parent or Subsidiary of the successor corporation refuses to assume or substitute the Option, any Offering Periods then in progress shall be shortened by setting a New Exercise Date, and any Offering Periods then in progress shall end on the New Exercise Date. The New Exercise Date shall be before the date of the Company’s proposed sale, merger or other transaction. The Administrator shall notify each Participant in writing (or electronically if determined by the Administrator), at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for the Participant’s Option has been changed to the New Exercise Date, and that the Participant’s Option shall be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering Period as provided in Section 6.1 hereof. 
        

        
          5.3   Insufficient Shares.   If the Administrator determines that, on a given Exercise Date, the number of Shares with respect to which Options are to be exercised may exceed the number of Shares remaining available for sale under the Plan on such Exercise Date, the Administrator shall make a pro rata allocation of the Shares available for issuance on such Exercise Date in as uniform a manner as shall be practicable and as it shall determine in its sole discretion to be equitable among all Participants exercising Options to purchase Common Stock on such Exercise Date, and unless additional shares are authorized for issuance under the Plan, no further Offering Periods shall take place and the Plan shall terminate pursuant to Section 7.5 hereof. If an Offering Period is so terminated, then the balance of the amount credited to the Participant’s Plan Account which has not been applied to the purchase of Shares shall be paid to such Participant in one lump sum in cash within thirty (30) days after such Exercise Date, without any interest thereon. 
        

        
          5.4   Rights as Stockholders.   With respect to Shares subject to an Option, a Participant shall not be deemed to be a stockholder of the Company and shall not have any of the rights or privileges of a stockholder. A Participant shall have the rights and privileges of a stockholder of the Company when, but not until, Shares have been deposited in the designated brokerage account following exercise of Participant’s Option. 
        

        
          ARTICLE VI 
          

          TERMINATION OF PARTICIPATION 
        

        
          6.1   Cessation of Contributions; Voluntary Withdrawal. 
        

        
          (a)   A Participant may cease payroll deductions during an Offering Period and elect to withdraw from the Plan by delivering written notice of such election to the Company in such form and at such time prior to the Exercise Date for such Offering Period as may be established by the Administrator (a “Withdrawal Election”). A Participant electing to withdraw from the Plan may elect to either (i) withdraw all of the funds then credited to the Participant’s Plan Account as of the date on which the Withdrawal Election is received by the Company, in which case amounts credited to such Plan Account shall be returned to the Participant in one (1) lump-sum payment in cash within thirty (30) days after such election is received by the Company, without any interest thereon, and the Participant shall cease to participate in the Plan and the Participant’s Option for such Offering Period shall terminate; or (ii) exercise the Option for the maximum number of whole Shares on the applicable Exercise Date with any remaining Plan Account balance returned to the Participant in one (1) lump-sum payment in cash within thirty (30) days after such Exercise Date, without any interest thereon, and after such Exercise Date cease to participate in the Plan. Upon receipt of a Withdrawal Election, the Participant’s payroll deduction authorization and Participant’s Option to purchase under the Plan shall terminate. 
        

        
          (b)   A Participant’s withdrawal from the Plan shall not have any effect upon Participant’s eligibility to participate in any similar plan which may hereafter be adopted by the Company or in succeeding Offering Periods which commence after the termination of the Offering Period from which the Participant withdraws. 
        

        
          (c)   A Participant who ceases contributions to the Plan during any Offering Period shall not be permitted to resume contributions to the Plan during that Offering Period. 
        

      

      
        
           
          

        

      

      
        
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          6.2   Termination of Eligibility.   Upon a Participant’s ceasing to be an Eligible Employee, for any reason, such Participant’s Option for the applicable Offering Period shall automatically terminate; Participant shall be deemed to have elected to withdraw from the Plan; and such Participant’s Plan Account shall be paid to such Participant or, in the case of Participant’s death, to the person or persons entitled thereto pursuant to Applicable Law, within thirty (30) days after such cessation of being an Eligible Employee, without any interest thereon. 
        

        
          ARTICLE VII 
          

          GENERAL PROVISIONS 
        

        
          7.1   Administration. 
        

        
          (a)   The Plan shall be administered by the Committee. The Committee may delegate administrative tasks under the Plan to the services of an Agent and/or Employees to assist in the administration of the Plan, including establishing and maintaining an individual securities account under the Plan for each Participant. 
        

        
          (b)   It shall be the duty of the Administrator to conduct the general administration of the Plan in accordance with the provisions of the Plan. The Administrator shall have the power, subject to, and within the limitations of, the express provisions of the Plan, to: 
        

        
          (i)   establish Offering Periods; 
        

        
          (ii)   determine when and how Options shall be granted and the provisions and terms of each Offering Period (which need not be identical); 
        

        
          (iii)   select Designated Subsidiaries in accordance with Section 7.2 hereof; and 
        

        
          (iv)   construe and interpret the Plan, the terms of any Offering Period and the terms of the Options and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith and to interpret, amend or revoke any such rules. The Administrator, in the exercise of this power, may correct any defect, omission or inconsistency in the Plan, any Offering Period or any Option, in a manner and to the extent it shall deem necessary or expedient to make the Plan fully effect, subject to Section 423 of the Code and the Treasury Regulations thereunder. 
        

        
          (c)   The Administrator may adopt rules or procedures relating to the operation and administration of the Plan, including to accommodate the specific requirements of local laws and procedures. Without limiting the generality of the foregoing, the Administrator is specifically authorized to adopt rules and procedures regarding handling of participation elections, payroll deductions, payment of interest, conversion of local currency, payroll tax, withholding procedures and handling of stock certificates which vary with local requirements. In its absolute discretion, the Board may at any time and from time to time exercise any and all rights and duties of the Administrator under the Plan. 
        

        
          (d)   The Administrator may adopt sub-plans applicable to particular Designated Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The rules of such sub-plans may take precedence over other provisions of this Plan, with the exception of Section 5.1 hereof, but unless otherwise superseded by the terms of such sub-plan, the provisions of this Plan shall govern the operation of such sub-plan. 
        

        
          (e)   All expenses and liabilities incurred by the Administrator in connection with the administration of the Plan shall be borne by the Company. The Administrator may, with the approval of the Committee, employ attorneys, consultants, accountants, appraisers, brokers or other persons. The Administrator, the Company and its officers and directors shall be entitled to rely upon the advice, opinions or valuations of any such persons. All actions taken and all interpretations and determinations made by the Administrator in good faith shall be final and binding upon all Participants, the Company and all other interested persons. No member of the Board or Administrator shall be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or the options, and 
        

      

      
        
           
          

        

      

      
        
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          all members of the Board or Administrator shall be fully protected by the Company in respect to any such action, determination or interpretation. 
        

        
          To the extent permitted under Applicable Law and the Organizational Documents, each member of the Administrator shall be indemnified and held harmless by the Company from any loss, cost, liability or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action, suit or proceeding to which such member may be a party or in which such member may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by such member in satisfaction of judgment in such action, suit or proceeding against such member; provided such member gives the Company an opportunity, at its own expense, to handle and defend the same before such member undertakes to handle and defend it on such member’s own behalf. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Organizational Documents, as a matter of law, or otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
        

        
          7.2   Designation of Subsidiaries.   The Board or Committee shall designate from among the Subsidiaries, as determined from time to time, the Subsidiary or Subsidiaries that shall constitute Designated Subsidiaries. The Board or Committee may designate a Subsidiary, or terminate the designation of a Subsidiary, without the approval of the stockholders of the Company. 
        

        
          7.3   Reports.   Individual accounts shall be maintained for each Participant in the Plan. Statements of Plan Accounts shall be given to Participants at least annually, which statements shall set forth the amounts of payroll deductions, the Option Price, the number of shares purchased and the remaining cash balance, if any. 
        

        
          7.4   No Right to Employment.   Nothing in the Plan shall be construed to give any person (including any Participant) the right to remain in the employ of the Company, a Parent or a Subsidiary or to affect the right of the Company, any Parent or any Subsidiary to terminate the employment of any person (including any Participant) at any time, with or without cause, which right is expressly reserved. 
        

        
          7.5   Amendment and Termination of the Plan. 
        

        
          (a)   The Board may, in its sole discretion, amend, suspend or terminate the Plan at any time and from time to time; provided, however, that without approval of the Company’s stockholders given within twelve (12) months before or after action by the Board, the Plan may not be amended to increase the maximum number of Shares subject to the Plan or change the designation or class of Eligible Employees; and provided, further that without approval of the Company’s stockholders, the Plan may not be amended in any manner that would cause the Plan to no longer be an “employee stock purchase plan” within the meaning of Section 423(b) of the Code. 
        

        
          (b)   In the event the Administrator determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences, the Administrator may, to the extent permitted under Section 423 of the Code, in its discretion and, to the extent necessary or desirable, modify or amend the Plan to reduce or eliminate such accounting consequence including, but not limited to: 
        

        
          (i)   altering the Option Price for any Offering Period including an Offering Period underway at the time of the change in Option Price; 
        

        
          (ii)   shortening any Offering Period so that the Offering Period ends on a new Exercise Date, including an Offering Period underway at the time of the Administrator action; and 
        

        
          (iii)   allocating Shares. 
        

        
          Such modifications or amendments shall not require stockholder approval or the consent of any Participant. 
        

        
          (c)   Upon termination of the Plan, the balance in each Participant’s Plan Account shall be refunded as soon as practicable after such termination, without any interest thereon. 
        

      

      
        
           
          

        

      

      
        
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          7.6   Use of Funds; No Interest Paid.   All funds received by the Company by reason of purchase of Common Stock under the Plan shall be included in the general funds of the Company free of any trust or other restriction and may be used for any corporate purpose. No interest shall be paid to any Participant or credited under the Plan. 
        

        
          7.7   Term; Approval by Stockholders.   Subject to approval by the stockholders of the Company in accordance with this Section 7.7, the Plan shall terminate on the tenth (10th) anniversary of the date of its initial approval by the stockholder(s) of the Company, unless earlier terminated in accordance with Sections 5.3 or 7.5 hereof. No Option may be granted during any period of suspension of the Plan or after termination of the Plan. The Plan shall be submitted for the approval of the Company’s stockholder(s) within twelve (12) months after the date of the Board’s initial adoption of the Plan. Options may be granted prior to such stockholder approval; provided, however, that such Options shall not be exercisable prior to the time when the Plan is approved by the stockholders; provided, further that if such approval has not been obtained by the end of said twelve (12)-month period, all Options previously granted under the Plan shall thereupon terminate and be canceled and become null and void without being exercised. 
        

        
          7.8   Effect Upon Other Plans.   The adoption of the Plan shall not affect any other compensation or incentive plans in effect for the Company, any Parent or any Subsidiary. Nothing in the Plan shall be construed to limit the right of the Company, any Parent or any Subsidiary (a) to establish any other forms of incentives or compensation for Employees of the Company or any Parent or any Subsidiary, or (b) to grant or assume Options otherwise than under the Plan in connection with any proper corporate purpose, including, but not by way of limitation, the grant or assumption of options in connection with the acquisition, by purchase, lease, merger, consolidation or otherwise, of the business, stock or assets of any corporation, firm or association. 
        

        
          7.9   Conformity to Securities Laws.   Notwithstanding any other provision of the Plan, the Plan and the participation in the Plan by any individual who is then subject to Section 16 of the Exchange Act shall be subject to any additional limitations set forth in any applicable exemption rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the extent permitted by Applicable Law, the Plan shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 
        

        
          7.10   Notice of Disposition of Shares.   Each Participant shall, if requested by the Company, give the Company prompt notice of any disposition or other transfer of any Shares acquired pursuant to the exercise of an Option, if such disposition or transfer is made (a) within two (2) years after the applicable Grant Date or (b) within one (1) year after the transfer of such Shares to such Participant upon exercise of such Option. The Company may direct that any certificates evidencing shares acquired pursuant to the Plan refer to such requirement. 
        

        
          7.11   Tax Withholding.   The Company or any Parent or any Subsidiary shall be entitled to require payment in cash or deduction from other compensation payable to each Participant of any sums required by federal, state or local tax law to be withheld with respect to any purchase of Shares under the Plan or any sale of such shares. 
        

        
          7.12   Governing Law.   The Plan and all rights and obligations thereunder shall be construed and enforced in accordance with the laws of the State of Delaware. 
        

        
          7.13   Notices.   All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
        

        
          7.14   Conditions to Issuance of Shares. 
        

        
          (a)   Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates or make any book entries evidencing Shares pursuant to the exercise of an Option by a Participant, unless and until the Board or the Committee has determined, with advice of counsel, that the issuance of such Shares is in compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any securities exchange or automated quotation system on which the Shares are listed or traded, and the Shares are covered by an effective 
        

      

      
        
           
          

        

      

      
        
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          registration statement or applicable exemption from registration. In addition to the terms and conditions provided herein, the Board or the Committee may require that a Participant make such reasonable covenants, agreements and representations as the Board or the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations or requirements. 
        

        
          (b)   All certificates for Shares delivered pursuant to the Plan and all Shares issued pursuant to book entry procedures are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with federal, state or foreign securities or other laws, rules and regulations and the rules of any securities exchange or automated quotation system on which the Shares are listed, quoted or traded. The Committee may place legends on any certificate or book entry evidencing Shares to reference restrictions applicable to the Shares. 
        

        
          (c)   The Committee shall have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement, distribution or exercise of any Option, including a window-period limitation, as may be imposed in the sole discretion of the Committee. 
        

        
          (d)   Notwithstanding any other provision of the Plan, unless otherwise determined by the Committee or required by any Applicable Law, rule or regulation, the Company may, in lieu of delivering to any Participant certificates evidencing Shares issued in connection with any Option, record the issuance of Shares in the books of the Company (or, as applicable, its transfer agent or stock plan administrator). 
        

        
          7.15   Equal Rights and Privileges.   Except with respect to sub-plans designed to be outside the scope of Section 423 of the Code, all Eligible Employees of the Company (or of any Designated Subsidiary) shall have equal rights and privileges under this Plan to the extent required under Section 423 of the Code or the regulations promulgated thereunder so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 of the Code or the Treasury Regulations thereunder and all Administrator actions hereunder shall be interpreted accordingly. Any provision of this Plan that is inconsistent with Section 423 of the Code or the Treasury Regulations thereunder shall, without further act or amendment by the Company or the Board, be reformed to comply with the equal rights and privileges requirement of Section 423 of the Code or the Treasury Regulations thereunder. 
        

        
          7.16   Titles and Headings, References to Sections of the Code or Exchange Act.   The titles and headings of the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. References to sections of Applicable Law, including the Code, the Securities Act or the Exchange Act shall include any amendment or successor thereto. 
        

        
          * * * * * 
        

      

      
        
           
          

        

      

      
        
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          I hereby certify that the foregoing Mondee Holdings, Inc. 2022 Employee Stock Purchase Plan was duly approved by the Board of Directors of Mondee Holdings, Inc. on July 18, 2022. 
        

        
          Executed on this 18th day of July, 2022. 
        

        /s/ Prasad
        Gundumogula

        
          ​

        

        
          Name: Prasad Gundumogula
          

          Title: Chief Executive OfficerExhibit 10.13

 

BOARD SERVICES AGREEMENT

 

This Board Services Agreement
(the “Agreement”) is made as of this 18th day of July, 2022 (the “Effective Date”), by and between
MONDEE HOLDINGS, INC. (“Company”) and _____________________ (“Director”) (collectively with
Company, the “Parties”; each of the Parties referred to individually as a “Party”).

 

WHEREAS, Company wishes
to engage the services of Director as a non-employee member of Company’s Board of Directors (the “Board”) for
the benefit of Company’s stockholders; and

 

WHEREAS, Director wishes
to accept such appointment and provide adequate protections to Company regarding its confidential and proprietary information;

 

NOW THEREFORE, as a
condition of Director’s service to Company, and in consideration for such compensation and receiving access to certain confidential
information and trade secrets, Director hereby agrees to comply with the terms and conditions of this Agreement, as follows:

 

1.             Services. During the Term (as defined in Section 6 below), Director
agrees to serve as a member of the Board and to devote such time, attention and energy to the affairs of Company as necessary to facilitate
the business of Company, as described below, and to perform such other services as reasonably requested by Company (collectively, the
 “Services”). Director shall, for so long as Director remains a member of the Board, but in any case not less than one
year from the Effective Date, meet with Company upon written request, whether in person or via means of electronic communication, at dates
and times mutually agreeable to Director and Company, to discuss any matter involving Company or its affiliates, which involves or may
involve issues of which Director has knowledge and cooperate in the review, defense or prosecution of such matters. Director acknowledges
and agrees that Company may rely upon the business disciplines with respect to which Director has expertise for Company’s business
operations, and that such requests may require additional time and efforts in addition to Director’s customary service as a member
of the Board. Director will maintain an open line of communication with Company, orally or in writing, as is appropriate under the circumstances,
and shall issue formal, written reports to Company if requested by Company. As part of the Services, Director agrees to attend all Board
meetings (in person or by teleconference). Company expects the Board to meet with a frequency of once a month or more on a day and time
mutually agreed by the Board members.

 

2.             INDEPENDENT DIRECTOR; RELATIONSHIP OF THE PARTIES. 

 

a.             During the Term, Director shall observe all laws, regulations and listing requirements applicable to Company relating to independent
directors of a public company as promulgated from time to time, as well as all related Company policies and procedures.

 

b.             Director
may perform duties under this Agreement at any place or location as Director may determine in Director’s sole discretion.
Director will solely determine the methods, details and means of performing the duties under this Agreement. Company shall have the
right to identify its objectives, but shall have no right to, and shall not, control the manner or determine the method of
performing Director’s duties. No part of Director’s compensation will be subject to withholding by Company for the
payment of any social security, federal, state or any other employee payroll or other taxes. Director further acknowledges that
Company makes no warranties as to any tax consequences regarding the payment of any compensation to Director hereunder. Director
shall be solely responsible for, and shall file on a timely basis, all tax returns and payments required to be filed with, or made
to, any federal, state and/or local tax authority with respect to the performance of duties and the compensation received under this
Agreement. Company will regularly report amounts paid to Director by filing a Form 1099-NEC with the Internal Revenue Service as
required by law, and to the extent not so paid, Director will indemnify Company for any taxes thereby assessed against Company.
Director will not be entitled under this Agreement to any of the benefits that Company may make available to its employees,
including, but not limited to, group health or life insurance, profit-sharing or retirement benefits, paid vacation, holidays or
sick leave, or workers’ compensation insurance.

 

     

     

    

 

3.             COOPERATION. Director will notify Company promptly if Director is subpoenaed or otherwise served with any legal process
in any matter involving Company or its affiliates. Director will notify Company if any third party, who is not representing Company, contacts
or attempts to contact Director (other than Director’s own legal counsel and accountant) to obtain information that in any way relates
to Company or its affiliates, and Director will not discuss any of these matters with any such party without first so notifying Company
and providing Company with an opportunity to have its attorney present during any meeting or conversation with any such party.

 

4.             Consideration. Company shall pay or provide to Director in consideration
of the Services:

 

a.             $50,000.00 per annum, payable in quarterly installments on or about the last day of each quarter, and pro-rated for any partial
quarter of service during the Term.

 

b.             An [annual]/[initial] grant of 2,500 restricted stock units of the Company (the “RSUs”), pursuant to and in
accordance with the Company’s 2022 Equity Incentive Plan (the “EIP”) and applicable award agreement. For clarity,
the RSUs will be subject to vesting conditions as set forth in the applicable RSU award agreement.

 

c.             Director will be entitled to reimbursement for reasonable and documented expenses associated with the Services, provided that Director
receives prior written approval from Company and complies with the Company’s expense reimbursement policies as in effect from time
to time.

 

5.             Confidentiality, Restrictive covenants and NON-DISCLOSURE. Director acknowledges
that Director will be exposed to confidential information related to Company in connection with the Services. Therefore, upon execution
of this Agreement, Director shall execute the Confidentiality, Restrictive Covenant and Non-Disclosure Agreement attached as Exhibit
A (the “Restrictive Covenant Agreement”).

 

6.             Term; Termination.

 

a.             This Agreement shall commence and be effective on the Effective Date and shall continue to be in full force until terminated as
set forth in this Section 6 (the “Term”).

 

b.             Each Party may unilaterally terminate this Agreement at any time and for no cause upon thirty (30) days’ advance written
notice to the other Party, subject to the limitations and requirements of the organizational documents of the Company.

 

c.             Notwithstanding anything to the contrary, Company shall be entitled to terminate this Agreement for Cause immediately upon written
notice to Director. The term “Cause” will have the meaning set forth in the EIP. Without limiting any provisions in
an applicable award agreement or the EIP, upon Director’s termination for Cause, all of the equity awards of the Company previously
issued to Director, whether vested or unvested, shall immediately terminate.

 

    - 2 -

     

    

 

d.             Upon
termination of this Agreement for any or no reason whatsoever, Director undertakes to: (i) return to Company all documents, drawings,
magnetic media, letters, reports and all other documents belonging to Company and/or related to Company’s activities and/or to
the Services; (ii) return to Company any equipment and/or other property of Company; (iii) erase all information relating to
Company or its activities that exists in Director’s personal computer(s) or otherwise; and (iv) if applicable, assist in the
transferring of the position, matters and documents under Director’s supervision to whomever Company shall determine.

 

e.             Sections 3, 5, and 8 through 10 will survive any termination or expiration of this Agreement.

 

7.             Relationship of the Parties; Promotional Rights. Notwithstanding any
provision hereof, for all purposes of this Agreement, each party will be and act as an independent contractor and not as a partner, joint
venturer, agent or employee of the other and will not bind nor attempt to bind the other to any contract. Company may use and authorize
the use of Director’s name, likeness and biographical information in promotional materials, websites and the like.

 

8.             No Conflicts. Director represents and warrants that neither this Agreement
nor the performance thereof will conflict with or violate any obligation of Director or right of any third party. Director further represents
and warrants Director is not currently, nor will Director, by entering into or performing this Agreement or any provisions hereto, be
deemed to be, violating any rights of any former or current employer or any obligations Director may have to any former or current employer,
including non-disclosure and non-compete obligations.

 

9.             Indemnification and Limitation of Liability. Company agrees to indemnify
Director to the extent provided in its organizational documents. Should Company procure and maintain policies of directors’ and
officers’ liability insurance, Company will ensure that such insurance covers Director on the same basis as provided to other non-employee
directors of the Company. Director agrees to indemnify and hold harmless Company and its affiliates and their directors, officers and
employees from and against all taxes, losses, damages, liabilities, costs and expenses, including attorneys’ fees and other legal
expenses, arising directly or indirectly from or in connection with (a) any negligent, reckless or intentionally wrongful act of Director,
(b) any failure of Director to perform the Services in accordance with all applicable laws, rules and regulations, or (c) any violation
or claimed violation of a third party’s rights resulting in whole or in part from Company’s use of the intellectual property
or other deliverables of Director under this Agreement.

 

IN NO EVENT SHALL EITHER PARTY BE LIABLE FOR
ANY SPECIAL, INCIDENTAL, INDIRECT OR CONSEQUENTIAL DAMAGES OF ANY KIND IN CONNECTION WITH THIS AGREEMENT, EVEN IF THE SUCH PARTY HAS BEEN
INFORMED IN ADVANCE OF THE POSSIBILITY OF SUCH DAMAGES.

 

    - 3 -

     

    

 

10.           Miscellaneous.
This Agreement and the Services performed hereunder are personal to Director and Director will not have the right or ability to
assign, transfer or subcontract any obligations under this Agreement without the written consent of Company. Any attempt to do so
will be void. Company will be free to transfer any of its rights under this Agreement to a third party. Any breach of Section 5 will
cause irreparable harm to Company for which damages would not be an adequate remedy, and therefore, Company will be entitled to
injunctive relief with respect thereto in addition to any other remedies. This Agreement, together with the Restrictive Covenant
Agreement, constitutes the entire agreement between the parties with respect to the subject matter hereof and no changes or
modifications or waivers to this Agreement will be effective unless in writing and signed by both parties. This Agreement may be
executed in counterparts, each of which will be deemed an original, but all of which together will constitute one and the same
instrument. Counterparts may be delivered via facsimile, electronic mail (including pdf or any electronic signature complying with
the U.S. federal ESIGN Act of 2000, Uniform Electronic Transactions Act or other applicable law) or other transmission method and
any counterpart so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes. In
the event that any provision of this Agreement is determined to be illegal or unenforceable, that provision will be limited or
eliminated to the minimum extent necessary so that this Agreement will otherwise remain in full force and effect and enforceable.
This Agreement is governed by and construed in accordance with the laws of the State of Delaware without regard to the conflicts of
law provisions thereof. To the extent that any lawsuit is permitted under this Agreement, the Parties hereby expressly consent to
the personal and exclusive jurisdiction and venue of the state and federal courts located in Wilmington, Delaware. In any action or
proceeding to enforce rights under this Agreement, the prevailing party will be entitled to recover costs and attorneys’ fees
from the non-prevailing party. Any notice will be given in writing by first class mail, fax or electronic mail and addressed to the
party to be notified at the address below, or at such other address, fax number or e-mail address as the party may designate by 10
days’ advance written notice to the other party.

 

[Remainder of page intentionally left blank]

 

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IN WITNESS WHEREOF,
the Parties have executed this Board Services Agreement as of the day and year first above written.

 

	DIRECTOR	MONDEE HOLDINGS, INC.
	 	 
	 	 	By:	                
	[NAME]	 	Prasad Gundumogula
	 	 	Chief Executive Officer

 

[Signature Page to Board Services Agreement]

 

     

     

    

 

EXHIBIT A

 

CONFIDENTIALITY,
restrictive covenant And Non-Disclosure AGREEMENT

 

 

This Confidentiality,
RESTRICTIVE COVENANT and Non-Disclosure Agreement (this “Agreement”) is made as of this 18th day of July,
2022, by and between MONDEE HOLDINGS, INC. (the “Company”) and
_____________________ (“Director”) (collectively with the Company, the “Parties”; each of the Parties
is referred to individually as a “Party”).

 

WHEREAS, the Company
wishes to engage the services of Director as a member of the Company’s Board of Directors.

 

WHEREAS, Director acknowledges
that during the course of Director’s service to the Company, Director will acquire and have access to confidential information and
trade secrets belonging to the Company; and

 

WHEREAS, Director is
willing to accept the conditions imposed by the Company as described below.

 

NOW THEREFORE, as a
condition of Director’s compensatory arrangement with Company, and in consideration for receiving access to certain confidential
information and trade secrets, Director hereby agrees to comply with the terms and conditions of this Agreement, as follows:

 

1.             Confidentiality. In the course of Director’s service with the
Company and the performance of Director’s duties on behalf of the Company Group, Director will be provided with, and will have access
to, Confidential Information (as defined below). In consideration of Director’s receipt and access to such Confidential Information,
and as a condition of Director’s retention, Director shall comply with this Section 1.

 

a.             Both during the Term and thereafter, except as expressly permitted by this Agreement, Director shall not disclose any Confidential
Information to any person or entity and shall not use any Confidential Information except for the benefit of the Company Group. Director
acknowledges and agrees that Director would inevitably use and disclose Confidential Information in violation of this Section 1
if Director were to violate any of the covenants set forth in Section 4. Director shall follow all Company policies and protocols
regarding the security of all documents and other materials containing Confidential Information (regardless of the medium on which Confidential
Information is stored). Except to the extent required for the performance of Director’s duties on behalf of the Company Group, Director
shall not remove from the facilities of any member of the Company Group any information, property, equipment, drawings, notes, reports,
manuals, invention records, computer software, customer information, or other data or materials that relate in any way to the Confidential
Information, whether paper or electronic and whether produced by Director or obtained by the Company Group. The covenants of this Section
1(a) shall apply to all Confidential Information, whether now known or later to become known to Director during the period that Director
is provides services to or is affiliated with the Company or any of its affiliates (collectively, the “Company Group”).

 

     

     

    

 

b.             Notwithstanding any provision of Section 1(a) to the contrary, Director may make the following disclosures and uses of Confidential
Information:

 

		i.	disclosures to employees, officers or directors of a member of the Company Group who have a need to know
the information in connection with the businesses of the Company Group;

 

		ii.	disclosures to customers and suppliers when, in the reasonable and good faith belief of Director, such
disclosure is in connection with Director’s performance of Director’s duties under this Agreement and is in the best interests
of the Company Group;

 

		iii.	disclosures and uses that are approved in writing by the Board; or

 

		iv.	disclosures to a person or entity who or that has (x) been retained by a member of the Company Group to
provide services to one or more members of the Company Group and (y) agreed in writing to abide by the terms of a confidentiality agreement.

 

c.             Upon the termination of Director’s service, or at any other time upon request of the Company, Director shall promptly and
permanently surrender and deliver to the Company all documents (including electronically stored information) and all copies thereof and
all other materials of any nature containing or pertaining to all Confidential Information and any other Company Group property (including
any Company Group-issued computer, mobile device or other equipment) in Director’s possession, custody or control and Director shall
not retain any such documents or other materials or property of the Company Group. Within ten (10) days of any such request, Director
shall certify to the Company in writing that all such documents, materials and property have been returned to the Company.

 

d.             “Confidential
Information” means all confidential, competitively valuable, non-public or proprietary information that is conceived,
made, developed or acquired by or disclosed to Director (whether conveyed orally or in writing), individually or in conjunction with
others, during the period that Director is providing services to or otherwise affiliated with the Company or any other member of the
Company Group (whether during business hours or otherwise and whether on the Company’s premises or otherwise) including,
without limitation: (i) technical information of any member of the Company Group or of any such member’s affiliates, its
investors, customers, vendors or suppliers or any other third parties, including computer programs, software, databases, data,
ideas, know-how, formulae, compositions, processes, discoveries, machines, inventions (whether patentable or not), designs,
developmental or experimental work, techniques, improvements, work in process, research or test results, original works of
authorship, training programs and procedures, diagrams, charts, business and product development plans, and/or similar items; (ii)
information relating to any member of the Company Group’s businesses or properties, products or services (including all such
information relating to corporate opportunities, operations, future plans, methods of doing business, business plans, strategies for
developing business and market share, research, financial and sales data, pricing terms, evaluations, opinions, interpretations,
acquisition prospects, the identity of customers or acquisition targets or their requirements, the identity of key contacts within
customers’ organizations or within the organization of acquisition prospects, or marketing and merchandising techniques,
prospective names and marks) or pursuant to which any member of the Company Group owes a confidentiality obligation; and (iii) other
valuable, confidential information and trade secrets of any member of the Company Group or any of such member’s affiliates or
customers or of any other third parties. Moreover, all documents, videotapes, written presentations, brochures, drawings, memoranda,
notes, records, files, correspondence, manuals, models, specifications, computer programs, e-mail, voice mail, electronic databases,
maps, drawings, architectural renditions, models and all other writings or materials of any type including or embodying any of such
information, ideas, concepts, improvements, discoveries, inventions and/or other similar forms of expression are and shall be the
sole and exclusive property of the Company or the other applicable member of the Company Group and be subject to the same
restrictions on disclosure applicable to all Confidential Information pursuant to this Agreement. For purposes of this Agreement,
Confidential Information shall not include any information that (A) is or becomes generally available to the public other than as a
result of a disclosure or wrongful act of Director or any of Director’s agents; (B) was available to Director on a
non-confidential basis before its disclosure by a member of the Company Group; (C) becomes available to Director on a
non-confidential basis from a source other than a member of the Company Group; provided, however, that such source is not
bound by a confidentiality agreement with, or other obligation with respect to confidentiality to, a member of the Company Group; or
(D) is required to be disclosed by applicable law.

 

    - 7 -

     

    

 

e.             Notwithstanding the foregoing, nothing in this Agreement shall prohibit or restrict Director from lawfully: (i) initiating communications
directly with, cooperating with, providing information to, causing information to be provided to, or otherwise assisting in an investigation
by, any governmental authority regarding a possible violation of any law; (ii) responding to any inquiry or legal process directed to
Director from any such governmental authority; (iii) testifying, participating or otherwise assisting in any action or proceeding by any
such governmental authority relating to a possible violation of law; or (iv) making any other disclosures that are protected under the
whistleblower provisions of any applicable law. Additionally, pursuant to the federal Defend Trade Secrets Act of 2016, an individual
shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that:
(A) is made (1) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney and (2)
solely for the purpose of reporting or investigating a suspected violation of law; (B) is made to the individual’s attorney in relation
to a lawsuit for retaliation against the individual for reporting a suspected violation of law; or (C) is made in a complaint or other
document filed in a lawsuit or proceeding, if such filing is made under seal. Nothing in this Agreement requires Director to obtain prior
authorization before engaging in any conduct described in this paragraph, or to notify the Company that Director has engaged in any such
conduct.

 

2.             Injunctive Relief. Director agrees that it would be difficult to measure
any damages caused to the Company which might result from any breach by Director of the covenants and agreements set forth in Section
1 of this Agreement, and that in any event money damages would be an inadequate remedy for any such breach. Accordingly, and notwithstanding
any other provision of this Agreement, Director agrees that if Director breaches, or the Company reasonably believes that Director is
likely to breach, Section 1 of this Agreement, the Company shall be entitled, in addition to all other remedies that it may have,
to an injunction or other appropriate equitable relief to restrain any such breach, without showing or proving any actual damage to the
Company. Any award or relief to the Company may, in the discretion of the court, include the Company’s costs and expenses of enforcement
(including reasonable attorneys’ fees, court costs, and expenses). Nothing contained in this Section 2 or in any other provision
of the Agreement shall restrict or limit in any manner the Company’s right to seek and obtain any form of relief, legal or equitable,
or be construed to waive the Company’s right to any other relief related to any dispute arising out of this Agreement or related
to Director’s service with the Company.

 

3.             WORKS FOR HIRE.

 

a.             As
used in this Agreement, the term “Intellectual Property” means all discoveries, procedures, designs, creations,
developments, improvements, methods, techniques, practices, methodologies, data models, databases, scripts, know-how, processes,
algorithms, application program interfaces, software programs, software source documents and training manuals, codes, formulae,
works of authorship, mask-works, reports, memoranda, ideas, inventions, customer lists, business and/or financial information, and
contributions of any kind, whether or not they are patentable, registrable or protectable under federal or state patent, copyright
or trade secret laws, or similar statutes, or protectable under common-law principles, and regardless of their form or state of
development, that are made, conceived, generated or reduced to practice by Director, in whole or in part, either alone or jointly
with others, or while Director was serving as an officer, director, employee or consultant of, or in any other capacity with, the
Company, whether prior to, during or subsequent to Director’s execution of this Agreement. Notwithstanding anything else in
this Agreement, the term “Intellectual Property” excludes any software program, application program interface,
equipment, supplies, resources, facilities, data, products, information, materials, or trade secrets used by the Company, and which
was developed entirely on Director’s own time, unless said Intellectual Property: (i) relates to the Company’s business
or potential business; or (ii) results from tasks assigned to Director by the Company or from work performed by Director for the
Company.

 

    - 8 -

     

    

 

b.             All Intellectual Property is exclusively the property of the Company. Director will promptly disclose in writing, in full detail
to persons authorized by the Company, all Intellectual Property which Director conceives, creates, makes or develops during Director’s
service with the Company, which relate either to Director’s work assignment with the Company, or the trade secrets, confidential
or proprietary information, business or potential business of the Company, for the purpose of determining the Company’s rights in
such Intellectual Property. Director agrees Director will not file any patent application, or other application seeking intellectual property
rights relating to any such Intellectual Property without the prior written consent of the Company. If Director does not prove that Director
conceived or made the Intellectual Property entirely after leaving the Company’s service, the Intellectual Property is presumed
to have been conceived or made during the period of time Director was providing services to the Company, and Director agrees to assign
said Intellectual Property to the Company.

 

c.             All
Intellectual Property will belong solely to the Company from conception. The Company shall be the sole owner of all issued patents,
pending patent applications, before any relevant authority worldwide (including any additions, continuations, continuation-in-part,
divisional, reissue, reexaminations, renewals or extensions based thereon), copyrights and other works of authorship, domain names,
trade secrets, trademarks, service marks, and all other intellectual property or other rights (collectively, the
 “Proprietary Rights”) in connection with all Intellectual Property in the United States and/or in any other
country. Director further acknowledges and agrees that such Intellectual Property and other works of authorship shall be deemed
 “works made for hire” as defined in the U.S. Copyright Law, 17 U.S.C. § 101 et seq. (as amended), and were prepared
by Director within the scope of Director’s service with the Company, for purposes of the Company’s rights under
copyright laws, and are owned by the Company. To the extent that title to any Intellectual Property or any materials comprising or
including any Intellectual Property, e.g., derivative work, including all Proprietary Rights embodied therein, does not, by
operation of law, vest in the Company, or is not considered “works made for hire,” Director hereby irrevocably assigns
to the Company all of Director’s rights, title and interest to that Intellectual Property, including all Proprietary Rights
embodied therein, free of all encumbrances and restrictions. At any time during or after Director’s service with the Company
that the Company requests, Director will cooperate, and take any action, including signing whatever written documents of assignment
the Company deems reasonably necessary, to formally evidence Director’s irrevocable assignment to the Company of any
Intellectual Property and all related Proprietary Rights, and, upon the Company’s request, Director shall deliver to the
Company any documents which the Company deems necessary to effect the transfer or prosecution of rights for all Intellectual
Property and Proprietary Rights in the United States and/or in any other country. At all times during and after Director’s
service with the Company, Director will cooperate and assist the Company in obtaining, maintaining and renewing patent, copyright,
trademark and other appropriate protection for any Intellectual Property, in the United States and in any other country, at the
Company’s expense. In the event that the Company is unable, after reasonable effort, to secure Director’s signature on
any document or documents needed to apply for or prosecute any patent, copyright, domain name, trademark or other right or
protection relating to Intellectual Property, for any other reason whatsoever, Director hereby irrevocably designates and appoints
the Company and its duly authorized officers and agents as Director’s agent and attorney-in-fact, to act for and on
Director’s behalf to execute and file any such application or applications, and to do all other lawfully permitted acts to
further the prosecution and issuance of patents, copyrights, domain names, trademarks, or similar protections thereon with the same
legal force and effect as if executed by Director. With respect to Intellectual Property owned by the Company, Director hereby
waives all rights of publicity, moral rights or droit morale, and agrees not to enforce or permit others to enforce such rights
against the Company or its successors in interest.

 

    - 9 -

     

    

 

d.             In addition, Director hereby grants to the Company a license to use, without further compensation or approval from Director, Director’s
name, image, portrait, voice, likeness, and all other rights of publicity, or any derivative or modification thereto that the Company
may create, in any and all mediums, now known or hereafter developed, provided that such use is in relation to the Company’s business
and consistent with professional business standards, and does not disparage Director; provided, however, that if written
notice is provided to the Company by Director following termination of Director’s service requesting that the Company cease using
Director’s likeness, the Company shall have thirty (30) calendar days to cease using Director’s likeness in the manner set
forth in the notice.

 

4.             NON-SOLICITATION.

 

a.             The Company shall provide Director access to Confidential Information for use only during the Term, and Director acknowledges and
agrees that the Company Group will be entrusting Director, in Director’s unique and special capacity, with developing the goodwill
of the Company Group, and in consideration of the Company providing Director with access to Confidential Information, clients and customers
and as an express incentive for the Company to enter into this Agreement and retain Director, Director has voluntarily agreed to the covenants
set forth in this Section 4. Director agrees and acknowledges that the limitations and restrictions set forth herein are reasonable
in all respects, do not interfere with public interests, will not cause Director undue hardship, and are material and substantial parts
of this Agreement intended and necessary to protect the Company Group’s Confidential Information, goodwill and legitimate business
interests.

 

b.             During Director’s period of service to the Company and for one (1) year following the termination of Director’s service
(for any or no reason), Director shall not, except in furtherance of Director’s duties hereunder, directly or indirectly, individually
or on behalf of any other person, firm, corporation or other entity:

 

		i.	solicit, canvass, approach, encourage, entice or induce any customer, vendor or supplier of any member
of the Company Group with whom Director had contact (including oversight responsibility) or about whom Director learned Confidential Information
during Director’s service to any member of the Company Group to cease or lessen such customer’s, vendor’s or supplier’s
business with any member of the Company Group or otherwise adversely affect such relationship, or attempt to do any of the foregoing;
or

 

		ii.	solicit, canvass, approach, encourage, entice or induce any employee or contractor of any member of the
Company Group to terminate such employee’s or contractor’s employment or engagement with any member of the Company Group,
or hire or retain any such employee or contractor. Such employee or contractor shall be covered by this Section 4(b)(ii) for twelve
(12) months following such individual’s termination of employment or service (as applicable) with the Company Group.

 

    - 10 -

     

    

 

c.             Because
of the difficulty of measuring economic losses to the Company Group as a result of a breach or threatened breach of the covenants
set forth in Section 1 and in this Section 4, and because of the immediate and irreparable damage that would be caused
to the members of the Company Group for which they would have no other adequate remedy, the Company and each other member of the
Company Group shall be entitled to enforce the foregoing covenants, in the event of a breach or threatened breach, by injunctions
and restraining orders from any court of competent jurisdiction, without the necessity of showing any actual damages or that money
damages would not afford an adequate remedy, and without the necessity of posting any bond or other security. The aforementioned
equitable relief shall not be the Company’s or any other member of the Company Group’s exclusive remedy for a breach but
instead shall be in addition to all other rights and remedies available to the Company and each other member of the Company Group at
law and equity. Director further agrees that Director will not challenge the reasonableness or enforceability of any of the
covenants set forth in this Section 4, and that Director will reimburse the Company Group for all costs (including reasonable
attorneys’ fees) incurred in connection with any action to enforce any of the provisions of this Section 4 if Director
challenges the reasonableness or enforceability of any of the provisions of this Section 4.

 

d.             The covenants in this Section 4, and each provision and portion hereof, are severable and separate, and the unenforceability
of any specific covenant (or portion thereof) shall not affect the provisions of any other covenant (or portion thereof). Moreover, in
the event any arbitrator or court of competent jurisdiction shall determine that the scope, time or territorial restrictions set forth
are unreasonable, then it is the intention of the parties that such restrictions be enforced to the fullest extent which such arbitrator
or court deems reasonable, and this Agreement shall thereby be reformed.

 

e.             Director undertakes and agrees that following the date that Director is no longer providing services to any member of the Company
Group and prior to entering into any relationship with any other party to serve as an officer, director, employee, consultant, partner,
advisor, joint-venturer or in any other capacity with any other person or entity, Director shall disclose to such other party the terms
of the restrictive covenants set forth herein and hereby consents to the Company making any related disclosures.

 

5.             Non-Disparagement. Except as provided for in Section 1(e) or
otherwise required by law, during Director’s service and following the termination of Director’s service with the Company
Group for any or no reason, Director shall not make any false or defamatory statements, whether written or oral, regarding the Company,
its products, or any of their current or former officers, directors, shareholders, or employees.

 

6.             Waiver. The failure of either Party to insist, in any one or more
instances, upon the performance of any of the terms, covenants, or conditions of this Agreement or to exercise any right hereunder, shall
not be construed as a waiver or relinquishment of the future performance of any rights, and the obligations of the Party with respect
to such future performance shall continue with full force and effect. No waiver of any such right will have effect unless given in a writing
signed by the Party against whom or which the waiver is to be enforced.

 

7.             Assignment. The Company may assign any and all of its rights (including
its rights with respect to the restrictive covenants herein) and obligations under this Agreement to any successor in interest to the
Company or to its affiliates. This Agreement shall inure to the benefit of the Company and its successors and assigns, whether by stock
or asset acquisition, merger, joint venture, combination or other business reorganization or transfer.

 

8.             Survival. The rights and obligations under this Agreement shall survive
the termination of this Agreement and the termination of Director’s service to the Company in any capacity and for whatever reason.

 

    - 11 -

     

    

 

9.             Governing
Law. This Agreement shall in all respects be interpreted, enforced, and governed by and in accordance with the internal
substantive laws (and not the laws of choice of laws) of the State of Delaware. Any dispute arising out of or concerning this Agreement
shall be brought in, and the parties hereby consent to the personal jurisdiction of, any federal or state court located in Delaware.

 

10.           Severability. The provisions of this Agreement are severable and each
covenant is independent and separately given. If any provision of this Agreement shall be held to be invalid or unenforceable in any respect,
such provision shall be carried out and enforced only to the extent to which it shall be valid and enforceable, and any such invalidity
and unenforceability shall not affect any other provisions of this Agreement, all of which shall be fully carried out and enforced as
if such invalid or unenforceable provision had not been set forth herein.

 

11.           Entire Agreement. This document contains the entire agreement
of the parties as to the subject matters hereof. All prior agreements as to these subject matters, if any, are merged into this Agreement.
This Agreement may not be amended or modified except by written instrument executed by both Parties.

 

12.           Opportunity to Seek Independent Advice. Director recognizes
that this Agreement is an important document, which affects Director’s legal rights and has been advised to seek independent legal
advice before accepting its terms. Director acknowledges that Director has had sufficient time to review this Agreement, has had an opportunity
to seek independent legal advice (and Director has either sought such advice or voluntarily determined not to do so) and has read and
understands the provisions contained in this Agreement.

 

[Signature Page Following]

 

    - 12 -

     

    

 

IN
WITNESS WHEREOF, the Parties have executed this Confidentiality, Restrictive Covenant and Non-Disclosure Agreement as of the day and
year first above written.

 

	DIRECTOR	MONDEE HOLDINGS, INC.
	 	 
	 	 	By:	                
	[NAME]	 	Prasad Gundumogula
	 	 	Chief Executive Officer

 

[Signature Page to Confidentiality, Restrictive
Covenant and Non-Disclosure Agreement]

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