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Dragon Acquisition Corporation: Exhibit 10.9 - Filed by newsfilecorp.com

Exhibit 10.9 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement
(this “Agreement”) is entered into as of June 22, 2010, by and between
Dragon Acquisition Corporation, a Cayman Islands company (the “Company”)
and the undersigned, a director and/or an officer of the Company
(“Indemnitee”), as applicable.

RECITALS 

The Board of Directors of the
Company (the “Board of Directors”) has determined that the inability to
attract and retain highly competent persons to serve the Company is detrimental
to the best interests of the Company and its shareholders and that it is
reasonable and necessary for the Company to provide adequate protection to such
persons against risks of claims and actions against them arising out of their
services to the corporation.

AGREEMENT 

In consideration of the premises
and the covenants contained herein, the Company and Indemnitee do hereby
covenant and agree as follows:

	A. 	
      DEFINITIONS

The following terms shall have the meanings defined below:

Expenses shall
include, without limitation, damages, judgments, fines, penalties, settlements
and costs, attorneys’ fees and disbursements and costs of attachment or similar
bond, investigations, and any other expenses paid or incurred in connection with
investigating, defending, being a witness in, participating in (including on
appeal), or preparing for any of the foregoing in, any Proceeding.

Indemnifiable Event
means any event or occurrence that takes place either before or after the
execution of this Agreement, related to the fact that Indemnitee is or was a
director or an officer of the Company, or is or was serving at the request of
the Company as a director or officer of another corporation, partnership, joint
venture or other entity, or related to anything done or not done by Indemnitee
in any such capacity, including, but not limited to neglect, breach of duty,
error, misstatement, misleading statement or omission.

Participant means a
person who is a party to, or witness or participant (including on appeal) in, a
Proceeding.

Proceeding means
any threatened, pending, or completed action, suit, arbitration or proceeding,
or any inquiry, hearing or investigation, whether civil, criminal,
administrative, investigative or other, including appeal, in which Indemnitee
may be or may have been involved as a party or otherwise by reason of an
Indemnifiable Event.

	B. 	
      AGREEMENT TO INDEMNIFY

1. General Agreement. In
the event Indemnitee was, is, or becomes a Participant in, or is threatened to
be made a Participant in, a Proceeding, the Company shall indemnify the
Indemnitee from and against any and all Expenses which Indemnitee incurs or
becomes obligated to incur in connection with such Proceeding, whether or not
such Proceeding proceeds to judgment or is settled or is otherwise brought to a
final disposition, to the fullest extent permitted by applicable law.

2. Indemnification of Expenses
of Successful Party. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee has been successful on the merits in defense of
any Proceeding or in defense of any claim, issue or matter in such Proceeding,
the Company shall indemnify Indemnitee against all Expenses incurred in
connection with such Proceeding or such claim, issue or matter, whether or not
such Proceeding proceeds to judgment or is settled or is otherwise brought to a
final disposition, as the case may be, offset by the amount of cash, if any,
received by the Indemnitee resulting from his/her success therein.

3. Partial
Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of Expenses, but not
for the total amount of Expenses, the Company shall indemnify the Indemnitee for
the portion of such Expenses to which Indemnitee is entitled.

4. Exclusions.
Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not
be entitled to indemnification under this Agreement:

(a) to the extent that payment is
actually made to Indemnitee under a valid, enforceable and collectible insurance
policy;

(b) to the extent that Indemnitee
is indemnified and actually paid other than pursuant to this Agreement;

(c) subject to Section C.2(a), in
connection with a judicial action by or in the right of the Company, in respect
of any claim, issue or matter as to which the Indemnitee shall have been
adjudicated by a court of competent jurisdiction, in a decision from which there
is no further right of appeal, to be liable for gross negligence or knowing or
willful misconduct in the performance of his/her duty to the Company unless and
only to the extent that any court in which such action was brought shall
determine upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, the Indemnitee is fairly and
reasonably entitled to indemnity for such Expenses as such court shall deem
proper;

(d) in connection with any
Proceeding initiated by Indemnitee against the Company, any director or officer
of the Company or any other party, and not by way of defense, unless (i) the
Company has joined in or the Board of Directors has consented to the initiation
of such Proceeding; or (ii) the Proceeding is one to enforce indemnification
rights under this Agreement or any applicable law;

(e) brought about by the
dishonesty or fraud of the Indemnitee seeking payment hereunder; provided,
however, that the Company shall indemnify Indemnitee under this Agreement as to
any claims upon which suit may be brought against him by reason of any alleged
dishonesty on his/her part, unless a judgment or other final adjudication
thereof adverse to the Indemnitee establishes that he/she committed (i) acts of
active and deliberate dishonesty, (ii) with actual dishonest purpose and intent,
and (iii) which acts were material to the cause of action so adjudicated;

(f) for any judgment, fine or
penalty which the Company is prohibited by applicable law from paying as
indemnity;

(g) arising out of Indemnitee’s
breach of an employment agreement with the Company (if any) or any other
agreement with the Company or any of its subsidiaries, or

(h) arising out of Indemnitee’s
personal income tax payable on any salaries, bonuses, director’s fees, including
fees for attending meetings, or gain on disposition of shares, options or
restricted shares of the Company.

5. No Employment Rights.
Nothing in this Agreement is intended to create in Indemnitee any right to
continued employment with the Company.

6. Contribution. If the
indemnification provided in this Agreement is unavailable and may not be paid to
Indemnitee for any reason other than those set forth in Section B.4, then the
Company shall contribute to the amount of Expenses paid in settlement actually
and reasonably incurred and paid or payable by Indemnitee in such proportion as
is appropriate to reflect (i) the relative benefits received by the Company on
the one hand and by the Indemnitee on the other hand from the transaction or
events from which such Proceeding arose, and (ii) the relative fault of the
Company on the one hand and of the Indemnitee on the other hand in connection
with the events which resulted in such Expenses, as well as any other relevant
equitable considerations. The relative fault of the Company on the one hand and
of the Indemnitee on the other hand shall be determined by reference to, among
other things, the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent the circumstances resulting in such Expenses,
judgments, fines or settlement amounts. The Company agrees that it would not be
just and equitable if contribution pursuant to this Section B.6 were determined
by pro rata allocation or any other method of allocation which does not take
account of the foregoing equitable considerations.

	C. 	
      INDEMNIFICATION PROCESS

1. Notice and Cooperation By
Indemnitee. Indemnitee shall, as a condition precedent to his/her right to
be indemnified under this Agreement, give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification
will or could be sought under this Agreement, provided that the delay of
Indemnitee to give notice hereunder shall not prejudice any of Indemnitee’s
rights hereunder, unless such delay results in the Company’s forfeiture of
substantive rights or defenses. Notice to the Company shall be given in
accordance with Section F.7 below. If, at the time of receipt of such notice,
the Company has directors’ and officers’ liability insurance policies in
effect, the Company shall give prompt notice to its insurers of the Proceeding
relating to the notice. The Company shall thereafter take all necessary and
desirable action to cause such insurers to pay, on behalf of Indemnitee, all
Expenses payable as a result of such Proceeding. In addition, Indemnitee shall
give the Company such cooperation as the Company may reasonably request and the
Company shall give the Indemnitee such cooperation as the Indemnitee may
reasonably request, including providing any documentation or information which
is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee or the Company, as the case may be.

2. Indemnification Payment.

(a) Advancement of
Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee all
Expenses that may be reasonably incurred in advance by Indemnitee in connection
with a Proceeding. The Company shall, within ten (10) business days of receiving
such a written request by Indemnitee, advance all requested Expenses to
Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be
repaid to the Company.

(b) Reimbursement of
Expenses. To the extent Indemnitee has not requested any advanced payment of
Expenses from the Company, Indemnitee shall be entitled to receive reimbursement
for the Expenses incurred in connection with a Proceeding from the Company as
soon as practicable and, in any event, within 30 days after Indemnitee makes a
written request to the Company for reimbursement unless the Company refers the
indemnification request to the Reviewing Party in compliance with Section C.2(c)
below.

(c) Determination by the
Reviewing Party. If the Company reasonably believes that it is not obligated
under this Agreement to indemnify the Indemnitee, the Company shall, within 10
days after the Indemnitee’s written request for an advancement or reimbursement
of Expenses, notify the Indemnitee that the request for advancement of Expenses
or reimbursement of Expenses will be submitted to the Reviewing Party (as
hereinafter defined). The Reviewing Party shall make a determination on the
request within 30 days after the Indemnitee’s written request for an advancement
or reimbursement of Expenses. Notwithstanding anything foregoing to the
contrary, in the event the Reviewing Party informs the Company that Indemnitee
is not entitled to indemnification in connection with a Proceeding under this
Agreement or applicable law, the Company shall be entitled to be reimbursed by
Indemnitee for all the Expenses previously advanced or otherwise paid to
Indemnitee in connection with such Proceeding; provided, however,
that Indemnitee may bring a suit to enforce his/her indemnification right in
accordance with Section C.3 below.

3. Suit to Enforce Rights.
Regardless of any action by the Reviewing Party, if Indemnitee has not received
full indemnification within 30 days after making a written demand in accordance
with Section C.2 above or 50 days if the Company submits a request for
advancement or reimbursement to the Reviewing Party under Section C.2(c),
Indemnitee shall have the right to enforce its indemnification rights under this
Agreement by commencing litigation in any court of competent jurisdiction
seeking a determination by the court or challenging any determination by the
Reviewing Party or with respect to any breach in any aspect of this Agreement. Any determination by the Reviewing
Party not challenged by Indemnitee and any judgment entered by the court shall
be binding on the Company and Indemnitee.

4. Assumption of Defense.
In the event the Company is obligated under this Agreement to advance or bear
any Expenses for any Proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such Proceeding, with counsel approved by
Indemnitee, upon delivery to Indemnitee of written notice of its election to do
so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same Proceeding, unless (i) the employment of
counsel by Indemnitee has been previously authorized by the Company, (ii)
Indemnitee shall have reasonably concluded, based on written advice of counsel,
that there may be a conflict of interest of such counsel retained by the Company
between the Company and Indemnitee in the conduct of any such defense, or (iii)
the Company ceases or terminates the employment of such counsel with respect to
the defense of such Proceeding, in any of which events the fees and expenses of
Indemnitee’s counsel shall be at the expense of the Company. At all times,
Indemnitee shall have the right to employ counsel in any Proceeding at
Indemnitee’s expense.

5. Burden of Proof and
Presumptions. Upon making a request for indemnification, Indemnitee shall be
presumed to be entitled to indemnification under this Agreement and the Company
shall have the burden of proof to overcome that presumption in reaching any
contrary determination.

6. No Settlement Without
Consent. Neither party to this Agreement shall settle any Proceeding in any
manner that would impose any damage, loss, penalty or limitation on Indemnitee
without the other party’s written consent. Neither the Company nor Indemnitee
shall unreasonably withhold its consent to any proposed settlement.

7. Company Participation.
Subject to Section B.6, the Company shall not be liable to indemnify the
Indemnitee under this Agreement with regard to any judicial action if the
Company was not given a reasonable and timely opportunity, at its expense, to
participate in the defense, conduct and/or settlement of such action.

8. Reviewing Party.

(a) For purposes of this
Agreement, the Reviewing Party with respect to each indemnification request of Indemnitee that is referred by the Company pursuant to Section C.2(c) above
shall be shall be (A) the Board of Directors by a majority vote of a quorum
consisting of Disinterested Directors (as hereinafter defined), or (B) if a
quorum of the Board of Directors consisting of Disinterested Directors is not
obtainable or, even if obtainable, said Disinterested Directors so direct, by
Independent Counsel in a written opinion to the Board of Directors, a copy of
which shall be delivered to Indemnitee. If the Reviewing Party determines that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with
the person, persons or entity making such determination with respect to Indemnitee’s
entitlement to indemnification, including providing to such person, persons or
entity upon reasonable advance request any documentation or information which is
not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any
Independent Counsel or member of the Board of Directors shall act reasonably and
in good faith in making a determination under this Agreement of the Indemnitee’s
entitlement to indemnification. Any reasonable costs or expenses (including
reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to
hold Indemnitee harmless therefrom. “Disinterested Director” means a
director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

(b) If the determination of
entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected as provided in this Section C.8(b). The
Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall
request that such selection be made by the Board of Directors, in which event
the proceeding sentence shall apply), and Indemnitee shall give written notice
to the Company advising it of the identity of the Independent Counsel so
selected. In either event, Indemnitee or the Company, as the case may be, may,
within 10 days after such written notice of selection shall have been given,
deliver to the Company or to Indemnitee, as the case may be, a written objection
to such selection; provided, however, that such objection may be
asserted only on the ground that the Independent Counsel so selected does not
meet the requirements of “Independent Counsel” as defined in Section
C.8(d) of this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the
person so selected shall act as Independent Counsel. If a written objection is
made and substantiated, the Independent Counsel selected may not serve as
Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit. If, within 20 days after
submission by Indemnitee of a written request for indemnification, no
Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition the a court of competent jurisdiction for
resolution of any objection which shall have been made by the Company or
Indemnitee to the other’s selection of Independent Counsel and/or for the
appointment as Independent Counsel of a person selected by the court or by such
other person as the court shall designate, and the person with respect to whom
all objections are so resolved or the person so appointed shall act as
Independent Counsel. The Company shall pay any and all reasonable fees and
expenses of Independent Counsel incurred by such Independent Counsel in
connection with acting under this Agreement, and the Company shall pay all
reasonable fees and expenses incident to the procedures of this Section C.8(b),
regardless of the manner in which such Independent Counsel was selected or
appointed.

(c) In making a determination
with respect to entitlement to indemnification hereunder, the Reviewing Party
shall presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in
accordance with this Agreement, and the Company shall have the burden of proof
to overcome that presumption in connection with the making by any person,
persons or entity of any determination contrary to that presumption. The termination of any Proceeding or of any
claim, issue or matter therein, by judgment, order, settlement (with or without
court approval), conviction, or upon a plea of nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this Agreement)
of itself adversely affect the right of Indemnitee to indemnification or create
a presumption that Indemnitee did not act in good faith and in a manner which
he/she reasonably believed to be in or not opposed to the best interests of the
Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his/her conduct was unlawful. For purposes of
any determination of good faith, Indemnitee shall be deemed to have acted in
good faith if Indemnitee’s action is based on the records or books of account of
the Company and any other corporation, partnership, joint venture or other
entity of which Indemnitee is or was serving at the written request of the
Company as a director, officer, employee, agent or fiduciary, including
financial statements, or on information supplied to Indemnitee by the officers
and directors of the Company or such other corporation, partnership, joint
venture or other entity in the course of their duties, or on the advice of legal
counsel for the Company or such other corporation, partnership, joint venture or
other entity or on information or records given or reports made to the Company
or such other corporation, partnership, joint venture or other entity by an
independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Company or such other corporation,
partnership, joint venture or other entity. In addition, the knowledge and/or
actions, or failure to act, of any director, officer, agent or employee of the
Company or such other corporation, partnership, joint venture or other entity
shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. The provisions of this Section C.8(c)
shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable
standard of conduct set forth in this Agreement.

(d) “Independent Counsel”
means a law firm, or a member of a law firm, that is experienced in matters of
corporation law and neither presently is, nor in the past five (5) years has
been, retained to represent (i) the Company or Indemnitee in any matter material
to either such party (other than with respect to matters concerning the
Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving
rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees
to pay the reasonable fees of the Independent Counsel referred to above and to
fully indemnify such counsel against any and all Expenses, claims, liabilities
and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

	D. 	
      DIRECTOR AND OFFICER LIABILITY
  INSURANCE

1. Good Faith
Determination. The Company shall from time to time make the good faith
determination whether or not it is practicable for the Company to obtain and
maintain a policy or policies of insurance with reputable insurance companies
providing the officers and directors of the Company with coverage for losses
incurred in connection with their services to the Company or to ensure the
Company’s performance of its indemnification obligations under this
Agreement.

2. Coverage of Indemnitee.
To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum
extent of the coverage available for any of the Company’s directors or
officers.

3. No Obligation.
Notwithstanding the foregoing, the Company shall have no obligation to obtain or
maintain any director and officer insurance policy if the Company determines in
good faith that such insurance is not reasonably available in the case that (i)
premium costs for such insurance are disproportionate to the amount of coverage
provided, or (ii) the coverage provided by such insurance is limited by
exclusions so as to provide an insufficient benefit.

	E. 	
      NON-EXCLUSIVITY; FEDERAL PREEMPTION;
  TERM

1. Non-Exclusivity. The
indemnification provided by this Agreement shall not be deemed exclusive of any
rights to which Indemnitee may be entitled under the Company’s memorandum and
articles of association, as may be amended from time to time, applicable law or
any written agreement between Indemnitee and the Company (including its
subsidiaries and affiliates). The indemnification provided under this Agreement
shall continue to be available to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he/she may have ceased to
serve in any such capacity at the time of any Proceeding. To the extent that a
change in the laws of the Cayman Islands permits greater indemnification by
agreement than would be afforded under the Articles of Association or this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change.

2. Federal Preemption.
Notwithstanding the foregoing, both the Company and Indemnitee acknowledge that
in certain instances, U.S. federal law or public policy may override applicable
law and prohibit the Company from indemnifying its directors and officers under
this Agreement or otherwise. Such instances include, but are not limited to, the
U.S. Securities and Exchange Commission’s prohibition on indemnification for
liabilities arising under certain U.S. federal securities laws. Indemnitee
understands and acknowledges that the Company has undertaken or may be required
in the future to undertake with the SEC to submit the question of
indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.

3. Duration of Agreement.
All agreements and obligations of the Company contained herein shall continue
during the period Indemnitee is an officer and/or a director of the Company (or
is or was serving at the request of the Company as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other
enterprise) and shall continue thereafter so long as Indemnitee shall be subject
to any Proceeding by reason of his/her former or current capacity at the Company
or any other enterprise at the Company’s request, whether or not he/she is
acting or serving in any such capacity at the time any Expense is incurred for
which indemnification can be provided under this Agreement. This Agreement shall
continue in effect regardless of whether Indemnitee continues to serve as an
officer and/or a director of the Company or any other enterprise at the
Company’s request.

	F. 	
      MISCELLANEOUS

1. Amendment of this
Agreement. No supplement, modification, or amendment of this Agreement shall
be binding unless executed in writing by the parties hereto. No waiver of any of
the provisions of this Agreement shall operate as a waiver of any other
provisions (whether or not similar), nor shall such waiver constitute a
continuing waiver. Except as specifically provided in this Agreement, no failure
to exercise or any delay in exercising any right or remedy shall constitute a
waiver.

2. Subrogation. In the
event of payment to Indemnitee by the Company under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company to bring suit to enforce such
rights.

3. Assignment; Binding
Effect. Neither this Agreement nor any of the rights or obligations
hereunder may be assigned by either party hereto without the prior written
consent of the other party; except that the Company may, without such consent,
assign all such rights and obligations to a successor in interest to the Company
which assumes all obligations of the Company under this Agreement.
Notwithstanding the foregoing, this Agreement shall be binding upon and inure to
the benefit of and be enforceable by and against the parties hereto and the
Company’s successors (including any direct or indirect successor by purchase,
merger, consolidation, or otherwise to all or substantially all of the business
and/or assets of the Company) and assigns, as well as Indemnitee’s spouses,
heirs, and personal and legal representatives.

4. Severability and
Construction. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to a court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement. In addition, if any portion of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void, or otherwise unenforceable,
the remaining provisions shall remain enforceable to the fullest extent
permitted by applicable law. The parties hereto acknowledge that they each have
opportunities to have their respective counsels review this Agreement.
Accordingly, this Agreement shall be deemed to be the product of both of the
parties hereto, and no ambiguity shall be construed in favor of or against
either of the parties hereto.

5. Counterparts. This
Agreement may be executed in two counterparts, both of which taken together
shall constitute one instrument.

6. Governing Law. This
agreement and all acts and transactions pursuant hereto and the rights and
obligations of the parties hereto shall be governed, construed and interpreted
in accordance with the laws of the State of New York, U.S.A., without giving
effect to conflicts of law provisions thereof.

7. Notices. All notices,
demands, and other communications required or permitted under this Agreement
shall be made in writing and shall be deemed to have been duly given if
delivered by hand, against receipt, or mailed via postage prepaid, certified or
registered mail, return receipt requested, and addressed to the Company at:

Dragon Acquisition Corporation

Floor 28, Block C
Longhai Mingzhu Building 
No.182 Haier Road

People’s Republic of China 
Attention: Chief Financial Officer

and to Indemnitee at his/her address
last known to the Company.

8. Entire Agreement. This
Agreement constitutes the entire agreement and supersedes all prior agreements
and understandings, both written and oral, between the parties with respect to
the subject matter hereof.

(Signature page follows) 

IN WITNESS WHEREOF, the parties hereto execute this Agreement
as of the date first written above.

COMPANY: 

DRAGON ACQUISITION CORPORATION 

By:/s/ Weiqing
Zhang                        
 
Name: Weiqing Zhang 
Title: Chief Executive Officer 

INDEMNITEE: 

/s/ Weiqing
Zhang                              
 
Name: Weiqing Zhang 

Signature Page of Indemnification AgreementDragon Acquisition Corporation: Exhibit 10.10 - Filed by newsfilecorp.com

Exhibit 10.10 

INDEMNIFICATION AGREEMENT 

This Indemnification Agreement
(this “Agreement”) is entered into as of June 22, 2010, by and between
Dragon Acquisition Corporation, a Cayman Islands company (the “Company”)
and the undersigned, a director and/or an officer of the Company
(“Indemnitee”), as applicable.

RECITALS 

The Board of Directors of the
Company (the “Board of Directors”) has determined that the inability to
attract and retain highly competent persons to serve the Company is detrimental
to the best interests of the Company and its shareholders and that it is
reasonable and necessary for the Company to provide adequate protection to such
persons against risks of claims and actions against them arising out of their
services to the corporation.

AGREEMENT 

In consideration of the premises
and the covenants contained herein, the Company and Indemnitee do hereby
covenant and agree as follows:

	A. 	
      DEFINITIONS

The following terms shall have the meanings defined below:

Expenses shall
include, without limitation, damages, judgments, fines, penalties, settlements
and costs, attorneys’ fees and disbursements and costs of attachment or similar
bond, investigations, and any other expenses paid or incurred in connection with
investigating, defending, being a witness in, participating in (including on
appeal), or preparing for any of the foregoing in, any Proceeding.

Indemnifiable Event
means any event or occurrence that takes place either before or after the
execution of this Agreement, related to the fact that Indemnitee is or was a
director or an officer of the Company, or is or was serving at the request of
the Company as a director or officer of another corporation, partnership, joint
venture or other entity, or related to anything done or not done by Indemnitee
in any such capacity, including, but not limited to neglect, breach of duty,
error, misstatement, misleading statement or omission.

Participant means a
person who is a party to, or witness or participant (including on appeal) in, a
Proceeding.

Proceeding means
any threatened, pending, or completed action, suit, arbitration or proceeding,
or any inquiry, hearing or investigation, whether civil, criminal,
administrative, investigative or other, including appeal, in which Indemnitee
may be or may have been involved as a party or otherwise by reason of an
Indemnifiable Event.

	B. 	
      AGREEMENT TO INDEMNIFY

1. General Agreement. In
the event Indemnitee was, is, or becomes a Participant in, or is threatened to
be made a Participant in, a Proceeding, the Company shall indemnify the
Indemnitee from and against any and all Expenses which Indemnitee incurs or
becomes obligated to incur in connection with such Proceeding, whether or not
such Proceeding proceeds to judgment or is settled or is otherwise brought to a
final disposition, to the fullest extent permitted by applicable law.

2. Indemnification of Expenses
of Successful Party. Notwithstanding any other provision of this Agreement,
to the extent that Indemnitee has been successful on the merits in defense of
any Proceeding or in defense of any claim, issue or matter in such Proceeding,
the Company shall indemnify Indemnitee against all Expenses incurred in
connection with such Proceeding or such claim, issue or matter, whether or not
such Proceeding proceeds to judgment or is settled or is otherwise brought to a
final disposition, as the case may be, offset by the amount of cash, if any,
received by the Indemnitee resulting from his/her success therein.

3. Partial
Indemnification. If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Company for a portion of Expenses, but not
for the total amount of Expenses, the Company shall indemnify the Indemnitee for
the portion of such Expenses to which Indemnitee is entitled.

4. Exclusions.
Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not
be entitled to indemnification under this Agreement:

(a) to the extent that payment is
actually made to Indemnitee under a valid, enforceable and collectible insurance
policy;

(b) to the extent that Indemnitee
is indemnified and actually paid other than pursuant to this Agreement;

(c) subject to Section C.2(a), in
connection with a judicial action by or in the right of the Company, in respect
of any claim, issue or matter as to which the Indemnitee shall have been
adjudicated by a court of competent jurisdiction, in a decision from which there
is no further right of appeal, to be liable for gross negligence or knowing or
willful misconduct in the performance of his/her duty to the Company unless and
only to the extent that any court in which such action was brought shall
determine upon application that, despite the adjudication of liability but in
view of all the circumstances of the case, the Indemnitee is fairly and
reasonably entitled to indemnity for such Expenses as such court shall deem
proper;

(d) in connection with any
Proceeding initiated by Indemnitee against the Company, any director or officer
of the Company or any other party, and not by way of defense, unless (i) the
Company has joined in or the Board of Directors has consented to the initiation
of such Proceeding; or (ii) the Proceeding is one to enforce indemnification
rights under this Agreement or any applicable law;

(e) brought about by the
dishonesty or fraud of the Indemnitee seeking payment hereunder; provided,
however, that the Company shall indemnify Indemnitee under this Agreement as to
any claims upon which suit may be brought against him by reason of any alleged
dishonesty on his/her part, unless a judgment or other final adjudication
thereof adverse to the Indemnitee establishes that he/she committed (i) acts of
active and deliberate dishonesty, (ii) with actual dishonest purpose and intent,
and (iii) which acts were material to the cause of action so adjudicated;

(f) for any judgment, fine or
penalty which the Company is prohibited by applicable law from paying as
indemnity;

(g) arising out of Indemnitee’s
breach of an employment agreement with the Company (if any) or any other
agreement with the Company or any of its subsidiaries, or

(h) arising out of Indemnitee’s
personal income tax payable on any salaries, bonuses, director’s fees, including
fees for attending meetings, or gain on disposition of shares, options or
restricted shares of the Company.

5. No Employment Rights.
Nothing in this Agreement is intended to create in Indemnitee any right to
continued employment with the Company.

6. Contribution. If the
indemnification provided in this Agreement is unavailable and may not be paid to
Indemnitee for any reason other than those set forth in Section B.4, then the
Company shall contribute to the amount of Expenses paid in settlement actually
and reasonably incurred and paid or payable by Indemnitee in such proportion as
is appropriate to reflect (i) the relative benefits received by the Company on
the one hand and by the Indemnitee on the other hand from the transaction or
events from which such Proceeding arose, and (ii) the relative fault of the
Company on the one hand and of the Indemnitee on the other hand in connection
with the events which resulted in such Expenses, as well as any other relevant
equitable considerations. The relative fault of the Company on the one hand and
of the Indemnitee on the other hand shall be determined by reference to, among
other things, the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent the circumstances resulting in such Expenses,
judgments, fines or settlement amounts. The Company agrees that it would not be
just and equitable if contribution pursuant to this Section B.6 were determined
by pro rata allocation or any other method of allocation which does not take
account of the foregoing equitable considerations.

	C. 	
      INDEMNIFICATION PROCESS

1. Notice and Cooperation By
Indemnitee. Indemnitee shall, as a condition precedent to his/her right to
be indemnified under this Agreement, give the Company notice in writing as soon
as practicable of any claim made against Indemnitee for which indemnification
will or could be sought under this Agreement, provided that the delay of
Indemnitee to give notice hereunder shall not prejudice any of Indemnitee’s
rights hereunder, unless such delay results in the Company’s forfeiture of
substantive rights or defenses. Notice to the Company shall be given in
accordance with Section F.7 below. If, at the time of receipt of such notice,
the Company has directors’ and officers’ liability insurance policies in
effect, the Company shall give prompt notice to its insurers of the Proceeding
relating to the notice. The Company shall thereafter take all necessary and
desirable action to cause such insurers to pay, on behalf of Indemnitee, all
Expenses payable as a result of such Proceeding. In addition, Indemnitee shall
give the Company such cooperation as the Company may reasonably request and the
Company shall give the Indemnitee such cooperation as the Indemnitee may
reasonably request, including providing any documentation or information which
is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee or the Company, as the case may be.

2. Indemnification Payment.

(a) Advancement of
Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee all
Expenses that may be reasonably incurred in advance by Indemnitee in connection
with a Proceeding. The Company shall, within ten (10) business days of receiving
such a written request by Indemnitee, advance all requested Expenses to
Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be
repaid to the Company.

(b) Reimbursement of
Expenses. To the extent Indemnitee has not requested any advanced payment of
Expenses from the Company, Indemnitee shall be entitled to receive reimbursement
for the Expenses incurred in connection with a Proceeding from the Company as
soon as practicable and, in any event, within 30 days after Indemnitee makes a
written request to the Company for reimbursement unless the Company refers the
indemnification request to the Reviewing Party in compliance with Section C.2(c)
below.

(c) Determination by the
Reviewing Party. If the Company reasonably believes that it is not obligated
under this Agreement to indemnify the Indemnitee, the Company shall, within 10
days after the Indemnitee’s written request for an advancement or reimbursement
of Expenses, notify the Indemnitee that the request for advancement of Expenses
or reimbursement of Expenses will be submitted to the Reviewing Party (as
hereinafter defined). The Reviewing Party shall make a determination on the
request within 30 days after the Indemnitee’s written request for an advancement
or reimbursement of Expenses. Notwithstanding anything foregoing to the
contrary, in the event the Reviewing Party informs the Company that Indemnitee
is not entitled to indemnification in connection with a Proceeding under this
Agreement or applicable law, the Company shall be entitled to be reimbursed by
Indemnitee for all the Expenses previously advanced or otherwise paid to
Indemnitee in connection with such Proceeding; provided, however,
that Indemnitee may bring a suit to enforce his/her indemnification right in
accordance with Section C.3 below.

3. Suit to Enforce Rights.
Regardless of any action by the Reviewing Party, if Indemnitee has not received
full indemnification within 30 days after making a written demand in accordance
with Section C.2 above or 50 days if the Company submits a request for
advancement or reimbursement to the Reviewing Party under Section C.2(c),
Indemnitee shall have the right to enforce its indemnification rights under this
Agreement by commencing litigation in any court of competent jurisdiction
seeking a determination by the court or challenging any determination by the
Reviewing Party or with respect to any breach in any aspect of this Agreement. Any determination by the Reviewing
Party not challenged by Indemnitee and any judgment entered by the court shall
be binding on the Company and Indemnitee.

4. Assumption of Defense.
In the event the Company is obligated under this Agreement to advance or bear
any Expenses for any Proceeding against Indemnitee, the Company shall be
entitled to assume the defense of such Proceeding, with counsel approved by
Indemnitee, upon delivery to Indemnitee of written notice of its election to do
so. After delivery of such notice, approval of such counsel by Indemnitee and
the retention of such counsel by the Company, the Company will not be liable to
Indemnitee under this Agreement for any fees of counsel subsequently incurred by
Indemnitee with respect to the same Proceeding, unless (i) the employment of
counsel by Indemnitee has been previously authorized by the Company, (ii)
Indemnitee shall have reasonably concluded, based on written advice of counsel,
that there may be a conflict of interest of such counsel retained by the Company
between the Company and Indemnitee in the conduct of any such defense, or (iii)
the Company ceases or terminates the employment of such counsel with respect to
the defense of such Proceeding, in any of which events the fees and expenses of
Indemnitee’s counsel shall be at the expense of the Company. At all times,
Indemnitee shall have the right to employ counsel in any Proceeding at
Indemnitee’s expense.

5. Burden of Proof and
Presumptions. Upon making a request for indemnification, Indemnitee shall be
presumed to be entitled to indemnification under this Agreement and the Company
shall have the burden of proof to overcome that presumption in reaching any
contrary determination.

6. No Settlement Without
Consent. Neither party to this Agreement shall settle any Proceeding in any
manner that would impose any damage, loss, penalty or limitation on Indemnitee
without the other party’s written consent. Neither the Company nor Indemnitee
shall unreasonably withhold its consent to any proposed settlement.

7. Company Participation.
Subject to Section B.6, the Company shall not be liable to indemnify the
Indemnitee under this Agreement with regard to any judicial action if the
Company was not given a reasonable and timely opportunity, at its expense, to
participate in the defense, conduct and/or settlement of such action.

8. Reviewing Party.

(a) For purposes of this
Agreement, the Reviewing Party with respect to each indemnification request of Indemnitee that is referred by the Company pursuant to Section C.2(c) above
shall be shall be (A) the Board of Directors by a majority vote of a quorum
consisting of Disinterested Directors (as hereinafter defined), or (B) if a
quorum of the Board of Directors consisting of Disinterested Directors is not
obtainable or, even if obtainable, said Disinterested Directors so direct, by
Independent Counsel in a written opinion to the Board of Directors, a copy of
which shall be delivered to Indemnitee. If the Reviewing Party determines that
Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
within ten (10) days after such determination. Indemnitee shall cooperate with
the person, persons or entity making such determination with respect to Indemnitee’s
entitlement to indemnification, including providing to such person, persons or
entity upon reasonable advance request any documentation or information which is
not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any
Independent Counsel or member of the Board of Directors shall act reasonably and
in good faith in making a determination under this Agreement of the Indemnitee’s
entitlement to indemnification. Any reasonable costs or expenses (including
reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so
cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s
entitlement to indemnification) and the Company hereby indemnifies and agrees to
hold Indemnitee harmless therefrom. “Disinterested Director” means a
director of the Company who is not and was not a party to the Proceeding in
respect of which indemnification is sought by Indemnitee.

(b) If the determination of
entitlement to indemnification is to be made by Independent Counsel, the
Independent Counsel shall be selected as provided in this Section C.8(b). The
Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall
request that such selection be made by the Board of Directors, in which event
the proceeding sentence shall apply), and Indemnitee shall give written notice
to the Company advising it of the identity of the Independent Counsel so
selected. In either event, Indemnitee or the Company, as the case may be, may,
within 10 days after such written notice of selection shall have been given,
deliver to the Company or to Indemnitee, as the case may be, a written objection
to such selection; provided, however, that such objection may be
asserted only on the ground that the Independent Counsel so selected does not
meet the requirements of “Independent Counsel” as defined in Section
C.8(d) of this Agreement, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the
person so selected shall act as Independent Counsel. If a written objection is
made and substantiated, the Independent Counsel selected may not serve as
Independent Counsel unless and until such objection is withdrawn or a court has
determined that such objection is without merit. If, within 20 days after
submission by Indemnitee of a written request for indemnification, no
Independent Counsel shall have been selected and not objected to, either the
Company or Indemnitee may petition the a court of competent jurisdiction for
resolution of any objection which shall have been made by the Company or
Indemnitee to the other’s selection of Independent Counsel and/or for the
appointment as Independent Counsel of a person selected by the court or by such
other person as the court shall designate, and the person with respect to whom
all objections are so resolved or the person so appointed shall act as
Independent Counsel. The Company shall pay any and all reasonable fees and
expenses of Independent Counsel incurred by such Independent Counsel in
connection with acting under this Agreement, and the Company shall pay all
reasonable fees and expenses incident to the procedures of this Section C.8(b),
regardless of the manner in which such Independent Counsel was selected or
appointed.

(c) In making a determination
with respect to entitlement to indemnification hereunder, the Reviewing Party
shall presume that Indemnitee is entitled to indemnification under this
Agreement if Indemnitee has submitted a request for indemnification in
accordance with this Agreement, and the Company shall have the burden of proof
to overcome that presumption in connection with the making by any person,
persons or entity of any determination contrary to that presumption. The termination of any Proceeding or of any
claim, issue or matter therein, by judgment, order, settlement (with or without
court approval), conviction, or upon a plea of nolo contendere or its
equivalent, shall not (except as otherwise expressly provided in this Agreement)
of itself adversely affect the right of Indemnitee to indemnification or create
a presumption that Indemnitee did not act in good faith and in a manner which
he/she reasonably believed to be in or not opposed to the best interests of the
Company or, with respect to any criminal Proceeding, that Indemnitee had
reasonable cause to believe that his/her conduct was unlawful. For purposes of
any determination of good faith, Indemnitee shall be deemed to have acted in
good faith if Indemnitee’s action is based on the records or books of account of
the Company and any other corporation, partnership, joint venture or other
entity of which Indemnitee is or was serving at the written request of the
Company as a director, officer, employee, agent or fiduciary, including
financial statements, or on information supplied to Indemnitee by the officers
and directors of the Company or such other corporation, partnership, joint
venture or other entity in the course of their duties, or on the advice of legal
counsel for the Company or such other corporation, partnership, joint venture or
other entity or on information or records given or reports made to the Company
or such other corporation, partnership, joint venture or other entity by an
independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Company or such other corporation,
partnership, joint venture or other entity. In addition, the knowledge and/or
actions, or failure to act, of any director, officer, agent or employee of the
Company or such other corporation, partnership, joint venture or other entity
shall not be imputed to Indemnitee for purposes of determining the right to
indemnification under this Agreement. The provisions of this Section C.8(c)
shall not be deemed to be exclusive or to limit in any way the other
circumstances in which the Indemnitee may be deemed to have met the applicable
standard of conduct set forth in this Agreement.

(d) “Independent Counsel”
means a law firm, or a member of a law firm, that is experienced in matters of
corporation law and neither presently is, nor in the past five (5) years has
been, retained to represent (i) the Company or Indemnitee in any matter material
to either such party (other than with respect to matters concerning the
Indemnitee under this Agreement, or of other indemnitees under similar
indemnification agreements), or (ii) any other party to the Proceeding giving
rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
the term “Independent Counsel” shall not include any person who, under the
applicable standards of professional conduct then prevailing, would have a
conflict of interest in representing either the Company or Indemnitee in an
action to determine Indemnitee’s rights under this Agreement. The Company agrees
to pay the reasonable fees of the Independent Counsel referred to above and to
fully indemnify such counsel against any and all Expenses, claims, liabilities
and damages arising out of or relating to this Agreement or its engagement
pursuant hereto.

	D. 	
      DIRECTOR AND OFFICER LIABILITY
  INSURANCE

1. Good Faith
Determination. The Company shall from time to time make the good faith
determination whether or not it is practicable for the Company to obtain and
maintain a policy or policies of insurance with reputable insurance companies
providing the officers and directors of the Company with coverage for losses
incurred in connection with their services to the Company or to ensure the
Company’s performance of its indemnification obligations under this
Agreement.

2. Coverage of Indemnitee.
To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum
extent of the coverage available for any of the Company’s directors or
officers.

3. No Obligation.
Notwithstanding the foregoing, the Company shall have no obligation to obtain or
maintain any director and officer insurance policy if the Company determines in
good faith that such insurance is not reasonably available in the case that (i)
premium costs for such insurance are disproportionate to the amount of coverage
provided, or (ii) the coverage provided by such insurance is limited by
exclusions so as to provide an insufficient benefit.

	E. 	
      NON-EXCLUSIVITY; FEDERAL PREEMPTION;
  TERM

1. Non-Exclusivity. The
indemnification provided by this Agreement shall not be deemed exclusive of any
rights to which Indemnitee may be entitled under the Company’s memorandum and
articles of association, as may be amended from time to time, applicable law or
any written agreement between Indemnitee and the Company (including its
subsidiaries and affiliates). The indemnification provided under this Agreement
shall continue to be available to Indemnitee for any action taken or not taken
while serving in an indemnified capacity even though he/she may have ceased to
serve in any such capacity at the time of any Proceeding. To the extent that a
change in the laws of the Cayman Islands permits greater indemnification by
agreement than would be afforded under the Articles of Association or this
Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by
this Agreement the greater benefits so afforded by such change.

2. Federal Preemption.
Notwithstanding the foregoing, both the Company and Indemnitee acknowledge that
in certain instances, U.S. federal law or public policy may override applicable
law and prohibit the Company from indemnifying its directors and officers under
this Agreement or otherwise. Such instances include, but are not limited to, the
U.S. Securities and Exchange Commission’s prohibition on indemnification for
liabilities arising under certain U.S. federal securities laws. Indemnitee
understands and acknowledges that the Company has undertaken or may be required
in the future to undertake with the SEC to submit the question of
indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee.

3. Duration of Agreement.
All agreements and obligations of the Company contained herein shall continue
during the period Indemnitee is an officer and/or a director of the Company (or
is or was serving at the request of the Company as a director, officer, employee
or agent of another corporation, partnership, joint venture, trust or other
enterprise) and shall continue thereafter so long as Indemnitee shall be subject
to any Proceeding by reason of his/her former or current capacity at the Company
or any other enterprise at the Company’s request, whether or not he/she is
acting or serving in any such capacity at the time any Expense is incurred for
which indemnification can be provided under this Agreement. This Agreement shall
continue in effect regardless of whether Indemnitee continues to serve as an
officer and/or a director of the Company or any other enterprise at the
Company’s request.

	F. 	
      MISCELLANEOUS

1. Amendment of this
Agreement. No supplement, modification, or amendment of this Agreement shall
be binding unless executed in writing by the parties hereto. No waiver of any of
the provisions of this Agreement shall operate as a waiver of any other
provisions (whether or not similar), nor shall such waiver constitute a
continuing waiver. Except as specifically provided in this Agreement, no failure
to exercise or any delay in exercising any right or remedy shall constitute a
waiver.

2. Subrogation. In the
event of payment to Indemnitee by the Company under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of
recovery of Indemnitee, who shall execute all papers required and shall do
everything that may be necessary to secure such rights, including the execution
of such documents necessary to enable the Company to bring suit to enforce such
rights.

3. Assignment; Binding
Effect. Neither this Agreement nor any of the rights or obligations
hereunder may be assigned by either party hereto without the prior written
consent of the other party; except that the Company may, without such consent,
assign all such rights and obligations to a successor in interest to the Company
which assumes all obligations of the Company under this Agreement.
Notwithstanding the foregoing, this Agreement shall be binding upon and inure to
the benefit of and be enforceable by and against the parties hereto and the
Company’s successors (including any direct or indirect successor by purchase,
merger, consolidation, or otherwise to all or substantially all of the business
and/or assets of the Company) and assigns, as well as Indemnitee’s spouses,
heirs, and personal and legal representatives.

4. Severability and
Construction. Nothing in this Agreement is intended to require or shall be
construed as requiring the Company to do or fail to do any act in violation of
applicable law. The Company’s inability, pursuant to a court order, to perform
its obligations under this Agreement shall not constitute a breach of this
Agreement. In addition, if any portion of this Agreement shall be held by a
court of competent jurisdiction to be invalid, void, or otherwise unenforceable,
the remaining provisions shall remain enforceable to the fullest extent
permitted by applicable law. The parties hereto acknowledge that they each have
opportunities to have their respective counsels review this Agreement.
Accordingly, this Agreement shall be deemed to be the product of both of the
parties hereto, and no ambiguity shall be construed in favor of or against
either of the parties hereto.

5. Counterparts. This
Agreement may be executed in two counterparts, both of which taken together
shall constitute one instrument.

6. Governing Law. This
agreement and all acts and transactions pursuant hereto and the rights and
obligations of the parties hereto shall be governed, construed and interpreted
in accordance with the laws of the State of New York, U.S.A., without giving
effect to conflicts of law provisions thereof.

7. Notices. All notices,
demands, and other communications required or permitted under this Agreement
shall be made in writing and shall be deemed to have been duly given if
delivered by hand, against receipt, or mailed via postage prepaid, certified or
registered mail, return receipt requested, and addressed to the Company at:

Dragon Acquisition Corporation

Floor 28, Block C
Longhai Mingzhu Building 
No.182 Haier Road

People’s Republic of China 
Attention: Chief Financial Officer

and to Indemnitee at his/her address
last known to the Company.

8. Entire Agreement. This
Agreement constitutes the entire agreement and supersedes all prior agreements
and understandings, both written and oral, between the parties with respect to
the subject matter hereof.

(Signature page follows) 

IN WITNESS WHEREOF, the parties hereto execute this Agreement
as of the date first written above.

COMPANY: 

DRAGON ACQUISITION CORPORATION 

By:/s/ Weiqing
Zhang                         
 
Name: Weiqing Zhang 
Title: Chief Executive Officer 

INDEMNITEE: 

/s/ Yang
Chen                                        
 
Name: Yang Chen 

Signature Page of Indemnification Agreement

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