Document:

Exhibit 10.5

 

_______ __, 2015

 

Gentlemen:

 

Andina Acquisition Corp. II (“Corporation”),
a blank check company formed for the purpose of acquiring one or more businesses or entities (a “Business Combination”),
intends to register its securities under the Securities Act of 1933, as amended (“Securities Act”), in connection with
its initial public offering (“IPO”).

The undersigned hereby commits to purchase
an aggregate of ___ units of the Corporation (“Initial Units”), each Initial Unit consisting of one ordinary share,
par value $0.0001 per share, of the Corporation (“Ordinary Shares”), and one right to receive one-seventh (1/7) of
one Ordinary Share, at $10.00 per Private Unit (as defined below), for an aggregate purchase price of $______ (the “Initial
Purchase Price”). Additionally, if the underwriters in the IPO exercise their over-allotment option in full or part, the
undersigned further commits to purchase up to an additional ______ Units (“Additional Units” and together with the
Initial Units, the “Private Units”) at $10.00 per Additional Unit for an aggregate purchase price of up to $_____
(the “Over-Allotment Purchase Price” and together with the Initial Purchase Price, the “Purchase Price”).
Simultaneously with the execution of this agreement, the undersigned will cause the Purchase Price to be delivered to Graubard
Miller (“GM”), counsel for the Corporation, by wire transfer as set forth in the instructions attached as Exhibit
A to hold in an interest bearing account until the Corporation consummates the IPO, together with an originally executed Form
W-9 or W-8BEN (or other similar applicable form).  The undersigned acknowledges and agrees that if the underwriters in
the IPO determine based on market conditions at that time that additional Private Units must be purchased in order to consummate
the IPO, the undersigned will purchase a proportionate number of additional Private Units, pro rata with the other holders of
Private Units. If such additional purchases are necessary, the undersigned agrees that it will deliver the purchase price for
such additional Private Units to GM as promptly as is reasonably practicable following written notice from the Corporation of
such decision. In the event that the undersigned breaches the purchase obligations set forth above to purchase the Private Units
and does not purchase all or any portion of such additional Private Units, the other purchasers of the Private Units will have
the ability, but not the obligation, to satisfy the undersigned’s purchase obligation (and if they do, then the undersigned
will sell, at the original cost, the Insider Shares (defined below) held by the undersigned to the other purchasers of Private
Units who satisfy the undersigned’s purchase obligation and shall thereupon have no further liability or obligation in relation
to such breach).

    	 

    	 

    

The consummation of the purchase and issuance
of the Initial Units and Additional Units (if any) shall occur simultaneously with the consummation of the IPO and over-allotment
option, respectively. Simultaneously with the consummation of the IPO, GM shall (i) deposit the Initial Purchase Price, without
interest or deduction, into the trust fund (“Trust Fund”) established by the Corporation for the benefit of the Corporation’s
public stockholders as described in the Corporation’s registration statement filed in connection with the IPO (“Registration
Statement”) and (ii) deliver all interest earned on the Initial Purchase Price to the undersigned. Simultaneously with the
consummation of all or any part of the over-allotment option, GM shall (i) deposit the pro-rata portion of the Over-Allotment Purchase
Price, based upon the amount of the over-allotment option that has been exercised, without interest or deduction, into the Trust
Fund and (ii) deliver all interest then earned on the Over-Allotment Purchase Price to the undersigned. Upon expiration of the
over-allotment option, GM shall return any unused portion of the Over-Allotment Purchase Price to the undersigned, together with
any remaining interest earned on the Over-Allotment Purchase Price. If the Corporation does not complete the IPO within six (6)
months from the date of this letter (subject to a six (6) month extension at the Corporation’s option in its sole discretion),
the Purchase Price (plus interest earned thereon) will be returned to the undersigned.

Each of the Corporation and the undersigned
acknowledges and agrees that GM is serving hereunder solely as a convenience to the parties to facilitate the purchase of the Private
Units and GM’s sole obligation under this letter agreement is to act with respect to holding and disbursing the Purchase
Price for the Private Units as described above. GM shall not be liable to the Corporation or the undersigned or any other person
or entity in respect of any act or failure to act hereunder or otherwise in connection with performing its services hereunder unless
GM has acted in a manner constituting gross negligence or willful misconduct. The Corporation shall indemnify GM against any claim
made against it (including reasonable attorney’s fees) by reason of it acting or failing to act in connection with this letter
agreement except as a result of its gross negligence or willful misconduct. GM may rely and shall be protected in acting or refraining
from acting upon any written notice, instruction or request furnished to it hereunder and believed by it to be genuine and to have
been signed or presented by the proper party or parties. Notwithstanding anything to the contrary contained herein, GM agrees that
it does not have any right, title, interest or claim of any kind in or to any monies of the Trust Fund (“Claim”) and
hereby waives any Claim it may have in the future as a result of, or arising out of, any services provided to the Company and will
not seek recourse against the Trust Fund for any reason whatsoever.

In consideration of the above purchase
obligations, B. Luke Weil or an affiliate of his (the “Transferor”) hereby agrees to transfer to the undersigned an
aggregate of _____ Ordinary Shares (“Insider Shares”) of the Corporation at approximately $0.02 per Insider Share,
for an aggregate purchase price of $___, which amount is being delivered to the Transferor simultaneously with the execution of
this letter. The undersigned acknowledges and agrees that if the underwriters in the IPO determine the size of the offering should
be increased or decreased, the undersigned will either receive a dividend on the Insider Shares transferred hereunder or contribute
a portion of the Insider Shares back to capital, as applicable, in order to maintain the aggregate ownership of the Corporation’s
initial stockholders at a certain percentage of the number of shares to be sold in the IPO. Any increase or decrease will affect
all holders of Insider Shares on a pro-rata basis.

    	 

    	 

    

 

The Private Units will be identical to
the units to be sold by the Company in the IPO. Additionally, the undersigned agrees:

		·	to vote the Ordinary Shares included in the Private Units in favor of any proposed Business Combination;

 

		·	not to propose, or vote in favor of, an amendment to the Company’s Amended and Restated Memorandum and Articles of Association
with respect to the Company’s pre-Business Combination activities prior to the consummation of such a Business Combination
unless the Company offers dissenting holders the right to convert their shares for a portion of the cash held in the Trust Fund;

 

		·	not to convert any Ordinary Shares included in the Private Units into the right to receive cash from the Trust Fund in connection
with a shareholder vote to approve either a Business Combination or an amendment to the provisions of the Company’s Amended
and Restated Memorandum and Articles of Association relating to shareholders’ rights or pre-business combination activity;

 

		·	that the Private Units and underlying securities will not be transferable until after the consummation of a Business Combination
except (i) to the undersigned’s members upon its liquidation, (ii) to relatives and trusts for estate planning purposes,
(iii) by virtue of the laws of descent and distribution upon death, (iv) pursuant to a qualified domestic relations order, (v)
by certain pledges to secure obligations incurred in connection with purchase of the Company’s securities, (vi) by private
sales made in connection with the consummation of a Business Combination at prices no greater than the price at which the Private
Units were originally purchased or (vii) to the Company for cancellation in connection with the consummation of a Business Combination,
in each case (except for clause vi) where the transferee agrees to the terms of the transfer restrictions;

 

		·	the Private Units will be subject to customary registration rights, pursuant to a Registration Rights Agreement on terms agreed
upon by the Company and the Underwriters to be filed as an exhibit to the Registration Statement;

 

		·	the undersigned will not participate in any liquidation distribution with respect to the Private Units (but will participate
in liquidation distributions with respect to any units or Common Stock purchased by the Undersigned in the IPO or in the open market)
if the Company fails to consummate a Business Combination; and

 

		·	the Private Units will include any additional terms or restrictions as is customary in other similarly structured blank check
company offerings or as may be reasonably required by the underwriters in the IPO in order to consummate the IPO, each of which
will be set forth in the Registration Statement.

 

    	 

    	 

    

 

The undersigned further acknowledges and agrees
that if, in order to consummate any Business Combination, the holders of Insider Shares or Private Units are required to contribute
back to the capital of the Corporation a portion of any such securities to be cancelled by the Corporation, the Undersigned will
contribute back to the capital of the Corporation a proportionate number of Insider Shares or Private Units, as applicable, pro
rata with the other holders of Insider Shares or Private Units, as applicable.

 

The undersigned acknowledges and agrees
that he will execute agreements in form and substance typical for transactions of this nature necessary to effectuate the foregoing
agreements and obligations prior to the consummation of the IPO as are reasonably acceptable to the undersigned, including but
not limited to (i) an insider letter, (ii) an escrow agreement and (iii) a registration rights agreement.

The undersigned hereby represents and warrants
that, as applicable:

		(a)	he has been advised that the Insider Shares and Private Units have not been registered under the Securities Act;

		(b)	he is acquiring the Insider Shares and Private Units for his account for investment purposes only;

		(c)	he has no present intention of selling or otherwise disposing of the Insider Shares and Private Units in violation of the securities
laws of the United States;

		(d)	he is an “accredited investor” as defined by Rule 501 of Regulation D promulgated under the Securities Act of 1933,
as amended;

		(e)	he is not subject to any of the “Bad Actor” disqualifications described in Rule 506(d)(1)(i) to (viii) under Regulation
D (a “Disqualification Event”), except for a Disqualification Event covered by Rule 506(d)(2) or (d)(3);

		(f)	he has had both the opportunity to ask questions and receive answers from the officers and directors of the Corporation and
all persons acting on its behalf concerning the terms and conditions of the offer made hereunder;

		(g)	he is familiar with the proposed business, management, financial condition and affairs of the Corporation;

		(h)	he has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or
needed to consummate the transactions contemplated in this letter; and
	 	 	 
	 	(i)	this letter constitutes his respective legal, valid and binding obligation, and is enforceable against
him.

    	 

    	 

    

 

	 	 	 
	 	Very truly yours,	 
	 	 	 
	 	 	 

 

Accepted and Agreed:

 

ANDINA ACQUISITION CORP.
II

	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

	 	 
	B. LUKE WEIL	 

 

Graubard Miller

(solely with respect to its obligations to hold

and disburse monies for the Private Units)

	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	 

    	 

    

 

Exhibit AExhibit 10.6

 

 

B. Riley & Co., LLC

11100 Santa Monica Boulevard

Los Angeles, CA 90025

 

October
8, 2015

 

Andina Acquisition Corp. II

250 West 57th St

Suite 2223

New York, NY 10107

Attn:

 

Ladies and Gentlemen:

 

This is to confirm
our agreement whereby Andina Acquisition Corp.II, a Cayman Islands exempted company (the “Company”), has requested
B. Riley & Co., LLC (the “Advisor”) to assist it in connection with the Company consummating a merger, share exchange,
asset acquisition, share purchase, recapitalization, reorganization or other similar business combination (in each case, a “Business
Combination”) with one or more businesses or entities (each a “Target”) as described in the Company’s Registration
Statement on Form S-1 (File No. 333-207037) filed with the Securities and Exchange Commission (“Registration Statement”)
in connection with its initial public offering (“IPO”).

 

1. Services and Fees.

 

(a) If requested by the Company, the Advisor will:

 

(i)      Assist
the Company in holding meetings with Company shareholders to discuss the Business Combination and the Target’s attributes;

(ii)     Assist the Company
in identifying to potential investors to purchase the Company’s securities;

(iii)    Assist the Company
in trying to obtain shareholder approval for the Business Combination; and

 (iv)   Assist the
Company with any press releases and filings related to the Business Combination or the Target.

 

(b) As compensation for the foregoing services, the Company
will pay the Advisor a cash fee equal to $250,000 (“Fee”). The Fee is due and payable to the Advisor by wire transfer
at the closing of the IPO (“Closing”). If the Closing does not occur for any reason, no Fee shall be due or payable
to the Advisor hereunder. The Fee shall be exclusive of any finder’ fees which may become payable to the Advisor pursuant
to any subsequent agreement between the Advisor and the Company or the Target.

 

2. Expenses

 

        At the Closing, the Company
shall reimburse the Advisor for its reasonable costs and expenses incurred by the Advisor (including reasonable fees and disbursements
of counsel) in connection with the performance of its services hereunder; provided, however, all expenses shall be subject to the
Company’s prior written approval, which approval shall not be unreasonably withheld.

 

    	 

    	 

    

 

3. Company Cooperation.

 

The Company will provide full
cooperation to the Advisor as may be necessary for the efficient performance by the Advisor of its obligations hereunder, including,
but not limited to, providing to the Advisor and its counsel, on a timely basis, all documents and information regarding the Company
and Target that the Advisor may reasonably request or that are otherwise relevant to the Advisor’s performance of its obligations
hereunder (collectively, the “Information”); making the Company’s management, auditors, suppliers, customers,
consultants and advisors available to the Advisor; and using commercially reasonable efforts to provide the Advisor with reasonable
access to the management, auditors, suppliers, customers, consultants and advisors of Target. The Company will promptly notify
the Advisor of any change in facts or circumstances or new developments affecting the Company or Target or that might reasonably
be considered material to the Advisor’s engagement hereunder.

 

4. Representations; Warranties and Covenants.

 

The Company represents, warrants
and covenants to the Advisor that all Information it makes available to the Advisor by or on behalf of the Company in connection
with the performance of its obligations hereunder will not contain any untrue statement of a material fact or omit to state a material
fact necessary in order to make statements made, in light of the circumstances under which they were made, not misleading as of
the date thereof and as of the consummation of the Business Combination.

 

5. Indemnity.

 

The Company shall indemnify the
Advisor and its affiliates and directors, officers, employees, shareholders, representatives and agents in accordance with the
indemnification provisions set forth in Annex I hereto, all of which are incorporated herein by reference.

 

Notwithstanding the foregoing
and Annex 1, the Advisor agrees, if there is no Closing, (i) that it does not have any right, title, interest or claim of any kind
in or to any monies in the Company’s trust account (“Trust Account”) established in connection with the IPO (each,
a “Claim”); (ii) to waive any Claim it may have in the future as a result of, or arising out of, any services provided
to the Company; and (iii) to not seek recourse against the Trust Account for any reason whatsoever.

 

6. Use of Name and Reports.

 

Without the Advisor’s prior
written consent, neither the Company nor any of its affiliates (nor any director, officer, manager, partner, member, employee or
agent thereof) shall quote or refer to (i) the Advisor’s name or (ii) any advice rendered by the Advisor to the Company or
any communication from the Advisor in connection with performance of their services hereunder, except as required by applicable
federal or state law, regulation or securities exchange rule.

 

7. Status as Independent Contractor.

 

The Advisor shall perform its
services as an independent contractor and not as an employee of the Company or affiliate thereof. It is expressly understood and
agreed to by the parties that the Advisor shall have no authority to act for, represent or bind the Company or any affiliate thereof
in any manner, except as may be expressly agreed to by the Company in writing. In rendering such services, the Advisor will be
acting solely pursuant to a contractual relationship on an arm’s-length basis. This Agreement is not intended to create a
fiduciary relationship between the parties and neither the Advisor nor any of the Advisor’s officers, directors or personnel
will owe any fiduciary duty to the Company or any other person in connection with any of the matters contemplated by this Agreement.

 

    	 

    	 

    

 

8. Potential Conflicts.

 

The Company acknowledges that
the Advisor is a full -service securities firm engaged in securities trading and brokerage activities and providing investment
banking and advisory services from which conflicting interests may arise. In the ordinary course of business, the Advisor and its
affiliates may at any time hold long or short positions, and may trade or otherwise effect transactions, for their own account
or the accounts of customers, in debt or equity securities of the Company, its affiliates or other entities that may be involved
in the transactions contemplated hereby. Nothing in this Agreement shall be construed to limit or restrict the Advisor or any of
its affiliates in conducting such business.

 

9. Entire Agreement.

 

This Agreement constitutes the
entire understanding between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings,
oral or written, with respect thereto. This Agreement may not be modified or terminated orally or in any manner other than by an
agreement in writing signed by the parties hereto.

 

10. Notices.

 

Any notices required or permitted to be given hereunder
shall be in writing and shall be deemed given when mailed by certified mail or private courier service, return receipt requested,
addressed to each party at its respective addresses set forth above, or such other address as may be given by a party in a notice
given pursuant to this Section.

 

11. Successors and Assigns

 

This Agreement may not be assigned
by either party without the written consent of the other. This Agreement shall be binding upon and shall inure to the benefit of
the parties hereto and, except where prohibited, to their successors and assigns.

 

12. Non- Exclusivity.

 

Nothing herein shall be deemed
to restrict or prohibit the engagement by the Company of other consultants providing the same or similar services or the payment
by the Company of fees to such parties. The Company’s engagement of any other consultant(s) shall not affect the Advisor’s
right to receive fees and reimbursement of expenses pursuant to this Agreement.

 

13. Applicable Law; Venue.

 

This Agreement shall be construed
and enforced in accordance with the laws of the State of New York without giving effect to conflict of laws.

 

In the event of any dispute under
this Agreement, then and in such event, each party hereto agrees that the dispute shall either be (i) submitted to JAMS in New
York County, New York, for its decision and determination in accordance with Expedited Procedures of JAMS’ Comprehensive
Arbitration Rules and Procedures or (ii) brought and enforced in the courts of the State of New York, County of New York under
the accelerated adjudication procedures of the Commercial Division, or the United States District Court for the Southern District
of New York, in each event at the discretion of the party initiating the dispute. Once a party files a dispute (if arbitration,
by sending JAMS a Demand for Arbitration) with one of the above forums, the parties agree that all issues regarding such dispute
or this Agreement must be resolved before such forum rather than seeking to resolve any issue through another alternative forum
set forth above.

 

    	 

    	 

    

 

In the event the dispute is brought
before JAMS, each of the parties agrees that the decision and/or award made by the arbitrators shall be final and enforceable by
any court having jurisdiction over the party from whom enforcement is sought. Furthermore, the parties to any such arbitration
shall be entitled to make one motion for summary judgment within 60 days of the commencement of the arbitration, which shall be
decided by the arbitrator[s] prior to the commencement of the hearings. If the amount in controversy in the arbitration exceeds
$1.5 million, the arbitration shall be heard by three arbitrators, unless the parties agree to one arbitrator.

 

In the event the dispute is brought
by a party in the courts of the State of New York or the United States District Court for the Southern District of New York, each
party irrevocably submits to such jurisdiction, which jurisdiction shall be exclusive such party hereby waives any objection to
such exclusive jurisdiction and that such courts represent an inconvenient forum. Any such process or summons to be served upon
a party may be served by transmitting a copy thereof by registered or certified mail, postage prepaid, addressed to such party
at the address set forth at the beginning of this Agreement. Such mailing shall be deemed personal service and shall be legal and
binding upon the party being served in any action, proceeding or claim. The parties agree that the prevailing party(ies) in any
such action shall be entitled to recover from the other party(ies) all of its reasonable attorneys’ fees and expenses relating
to such action or proceeding and/or incurred in connection with the preparation therefor.

 

The Company hereby appoints, without
power of revocation, Graubard Miller, 405 Lexington Avenue, New York, New York 10174; Fax No.: (212) 818-8881; Attn: David Alan
Miller, Esq., as its agent to accept and acknowledge on its behalf service of any and all process which may be served in any arbitration,
action, proceeding or counterclaim in any way relating to or arising out of this Agreement. The Company further agrees to take
any and all action as may be necessary to maintain such designation and appointment of such agent in full force and effect for
a period of seven years from the date of this Agreement.

 

14. Counterparts

 

This Agreement may be executed
in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but
one instrument.

 

If the foregoing correctly sets
forth the understanding between the Advisor and the Company with respect to the foregoing, please so indicate your agreement by
signing in the place provided below, at which time this letter shall become a binding contract.

 

[Signature page follows]

 

    	 

    	 

    

 

 

 

 

	 	B. RILEY & CO., LLC
	 	 
	 	By:	/s/ Ryan Bernath
	 	Name: Ryan Bernath
	 	Title: Head of Banking

	AGREED AND ACCEPTED BY:	 
	 	 
	 ANDINA ACQUISITION CORP. II	 
	 	 
	By:	/s/ B. Luke Weil	 
	Name: B. Luke Weil	 
	Title: Director 	 

 

[Signature Page to Business
Combination Marketing Agreement]

 

    	 

    	 

    

 

 

 

ANNEX I

 

Indemnification

 

In connection with the Company’s engagement
of B. Riley & Co., LLC (the “Advisor”) pursuant to that certain letter agreement (“Agreement”) of which
this Annex forms a part, Andina Acquisition Corp. II (the “Company”) hereby agrees, subject to the second paragraph
of Section 5 of the Agreement, to indemnify and hold harmless the Advisor and its affiliates and its respective directors, officers,
shareholders, agents and employees of any of the foregoing (collectively the “Indemnified Persons”), from and against
any and all claims, actions, suits, proceedings (including those of shareholders), damages, liabilities and expenses incurred by
any of them (including the reasonable fees and expenses of counsel), as incurred, (collectively a “Claim”), that (A)
are related to or arise out of (i) any actions taken or omitted to be taken (including any untrue statements made or any statements
omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken by any Indemnified Person in connection with
the Company’s engagement of the Advisor, or (B) otherwise relate to or arise out of the Advisor’s activities on the Company’s behalf
under the Advisor’s engagement, and the Company shall reimburse any Indemnified Person for all expenses (including the reasonable
fees and expenses of counsel) as incurred by such Indemnified Person in connection with investigating, preparing or defending any
such claim, action, suit or proceeding, whether or not in connection with pending or threatened litigation in which any Indemnified
Person is a party. The Company will not, however, be responsible for any Claim that is finally judicially determined to have resulted
from the gross negligence or willful misconduct of any person seeking indemnification for such Claim. The Company further agrees
that no Indemnified Person shall have any liability to the Company for or in connection with the Company’s engagement of the Advisor
except for any Claim incurred by the Company as a result of such Indemnified Person’s gross negligence or willful misconduct.

 

The Company further agrees that it will
not, without the prior written consent of the Advisor, settle, compromise or consent to the entry of any judgment in any pending
or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified Person is an actual
or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional, irrevocable release
of each Indemnified Person from any and all liability arising out of such Claim.

 

Promptly upon receipt by an Indemnified
Person of notice of any complaint or the assertion or institution of any Claim with respect to which indemnification is being sought
hereunder, such Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution, but
failure to so notify the Company shall not relieve the Company from any obligation it may have hereunder, except and only to the
extent such failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects or is
requested by such Indemnified Person, the Company will assume the defense of such Claim, including the employment of counsel reasonably
satisfactory to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however, that legal
counsel to such Indemnified Person reasonably determines that having common counsel would present such counsel with a conflict
of interest, or if the defendant in, or target of, any such Claim, includes an Indemnified Person and the Company, and legal counsel
to such Indemnified Person reasonably concludes that there may be legal defenses available to it or other Indemnified Persons different
from or in addition to those available to the Company, then such Indemnified Person may employ its own separate counsel to represent
or defend him, her or it in any such Claim, and the Company shall pay the reasonable fees and expenses of such counsel. Notwithstanding
anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or otherwise protect against any
Claim, the relevant Indemnified Party shall have the right, but not the obligation, to defend, contest, compromise, settle, assert
crossclaims, or counterclaims or otherwise protect against the same, and shall be fully indemnified by the Company therefor, including,
without limitation, for the reasonable fees and expenses of its counsel and all amounts paid as a result of such Claim or the compromise
or settlement thereof.

 

    	 

    	 

    

 

In addition, with respect to any Claim in
which the Company assumes the defense, the Indemnified Person shall have the right to participate in such Claim and to retain his,
her or its own counsel therefor at his, her or its own expense.

 

The Company agrees that if any indemnity
sought by an Indemnified Person hereunder is held by a court to be unavailable for any reason then (whether or not the Advisor
is an Indemnified Person), the Company and the Advisor shall contribute to the Claim for which such indemnity is held unavailable
in such proportion as is appropriate to reflect the relative benefits to the Company, on the one hand, and the Advisor, on the
other, in connection with the Advisor’s engagement referred to above, subject to the limitation that in no event shall the amount
of the Advisor’s contribution to such Claim exceed the amount of fees actually received by the Advisor from the Company pursuant
to the Advisor’s engagement. The Company hereby agrees that the relative benefits to the Company, on the one hand, and the Advisor,
on the other, with respect to the Advisor’s engagement shall be deemed to be in the same proportion as (a) the total value paid
or proposed to be paid or received by the Company or its shareholders as the case may be, pursuant to the transaction (whether
or not consummated) for which the Advisor is engaged to render services bears to (b) the fee paid or proposed to be paid to the
Advisor in connection with such engagement.

 

The Company’s indemnity, reimbursement and
contribution obligations under this Agreement (a) shall be in addition to, and shall in no way limit or otherwise adversely affect,
any rights that any Indemnified Party may have at law or at equity and (b) shall be effective whether or not the Company is at
fault in any way.

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