Document:

Exhibit 10.4

 

REGISTRATION RIGHTS AGREEMENT

 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”
) is entered into as of the [●] day of [●], 2021, by and among Welsbach Technology Metals Acquisition Corp., a Delaware corporation
(the “Company” ) and the undersigned parties listed under Investors on the signature page hereto (each, an “Investor”
and collectively, the “Investors”).

 

WHEREAS, the Investors and the Company desire to
enter into this Agreement to provide the Investors with certain rights relating to the registration of the securities held by them as
of the date hereof.

 

NOW, THEREFORE, in consideration of the mutual
covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

 

1. DEFINITIONS. The following capitalized terms used herein
have the following meanings:

 

“Agreement” means this Agreement, as
amended, restated, supplemented, or otherwise modified from time to time.

 

“Business Combination” means the acquisition
of direct or indirect ownership through a merger, stock exchange, asset acquisition, stock purchase, reorganization or other similar type
of transaction, of one or more businesses or entities.

 

“Commission” means the Securities and
Exchange Commission, or any other Federal agency then administering the Securities Act or the Exchange Act.

 

“Common Stock” means the common stock,
par value $0.0001 per share, of the Company.

 

“Company” is defined in the preamble
to this Agreement.

 

“Demand Registration” is defined in
Section 2.1.1.

 

“Demanding Holder” is defined in Section
2.1.1.

 

“Exchange Act” means the Securities
Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the same shall be in
effect at the time.

 

“Form S-3” is defined in Section
2.3.

 

“Indemnified Party” is defined in Section
4.3.

 

“Indemnifying Party” is defined in
Section 4.3.

 

“Initial Shares” means all of the outstanding
shares of Common Stock issued prior to the consummation of the Company’s initial public offering.

 

“Investor” is defined in the preamble
to this Agreement.

 

     

    

    

 

“Investor Indemnified Party” is defined
in Section 4.1.

 

“Maximum Number of Shares” is defined
in Section 2.1.4.

 

“Notices” is defined in Section
6.3.

 

“Piggy-Back Registration” is defined
in Section 2.2.1.

 

“Over-Allotment Units” means up to
22,500 additional Private Units that Welsbach Acquisition Holdings LLC will be required to purchase in the event that the underwriters
in the Company’s initial public offering exercise their over-allotment option, as described in the prospectus relating to the Company’s
initial public offering.

 

“Private Units” means the 347,500 Units
that Welsbach Acquisition Holdings LLC shall privately purchase simultaneously with the consummation of the Company’s initial public
offering.

 

“Register,” “Registered”
and “Registration” mean a registration effected by preparing and filing a registration statement or similar document in compliance
with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration statement
becoming effective.

 

“Registrable Securities” means (i)
the Initial Shares, (ii) the Private Units (and underlying shares of Common Stock), (iii) the Over-Allotment Units (and underlying shares
of Common Stock), if any, and (iv) any securities issuable upon conversion of loans from Investors to the Company, if any (the “Loan
Securities”). Registrable Securities include any capital stock or other securities of the Company issued as a dividend or other
distribution with respect to or in exchange for or in replacement of such Initial Shares, Private Units (and underlying shares of Common
Stock), Over-Allotment Units (and underlying shares of Common Stock) and Loan Securities. As to any particular Registrable Securities,
such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such securities
shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in
accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates for them not
bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution of them shall
not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding, or (d) the Registrable Securities
are freely saleable under Rule 144 without volume limitations.

 

“Registration Statement” means a registration
statement filed by the Company with the Commission in compliance with the Securities Act and the rules and regulations promulgated thereunder
for a public offering and sale of equity securities, or securities or other obligations exercisable or exchangeable for, or convertible
into, equity securities (other than a registration statement on Form S-4 or Form S-8, or their successors, or any registration statement
covering only securities proposed to be issued in exchange for securities or assets of another entity).

 

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“Release Date” means the date on which
the Initial Shares are disbursed from escrow pursuant to Section 3 of that certain Stock Escrow Agreement dated as of [●], 2021
by and among the Investors and Continental Stock Transfer & Trust Company.

 

“Securities Act” means the Securities
Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all as the same shall be in effect at
the time.

 

“Underwriter” means, solely for the
purposes of this Agreement, a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and
not as part of such dealer’s market-making activities.

 

“Units” means the units of the Company,
each comprised of one share of Common Stock and one right to acquire one-tenth (1/10th) of one share of Common Stock.

 

2. REGISTRATION RIGHTS.

 

2.1 Demand Registration.

 

2.1.1 Request for Registration.
At any time and from time to time on or after (i) the date that the Company consummates a Business Combination with respect to the Private
Units (or underlying shares of Common Stock), Over-Allotment Units (or underlying shares of Common Stock) and Loan Securities or (ii)
three (3) months prior to the Release Date with respect to all other Registrable Securities, the holders of a majority-in-interest of
the Registrable Securities, as the case may be, held by the Investors, officers or directors of the Company or their affiliates, or the
transferees of the Investors, may make a written demand, on no more than two (2) occasions, for registration under the Securities Act
of all or part of their Registrable Securities, as the case may be (a “Demand Registration” ). Any demand for a Demand Registration
shall specify the number of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. The
Company will notify all holders of Registrable Securities of the demand, and each holder of Registrable Securities who wishes to include
all or a portion of such holder’s Registrable Securities in the Demand Registration (each such holder including shares of Registrable
Securities in such registration, a “Demanding Holder”) shall so notify the Company within fifteen (15) days after the receipt
by the holder of the notice from the Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable
Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The
Company shall not be obligated to effect more than an aggregate of two (2) Demand Registration under this Section 2.1.1 in respect
of all Registrable Securities.

 

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2.1.2 Effective Registration.
A registration will not count as a Demand Registration until the Registration Statement filed with the Commission with respect to such
Demand Registration has been declared effective and the Company has complied with all of its obligations under this Agreement with respect
thereto; provided, however, that if, after such Registration Statement has been declared effective, the offering of Registrable Securities
pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission or any other governmental agency
or court, the Registration Statement with respect to such Demand Registration will be deemed not to have been declared effective, unless
and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated, and (ii) a majority-in-interest of the Demanding
Holders thereafter elect to continue the offering; provided, further, that the Company shall not be obligated to file a second Registration
Statement until a Registration Statement that has been filed is counted as a Demand Registration or is terminated.

 

2.1.3 Underwritten Offering. If
a majority-in-interest of the Demanding Holders so elect and such holders so advise the Company as part of their written demand for a
Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form of an underwritten
offering. In such event, the right of any holder to include its Registrable Securities in such registration shall be conditioned upon
such holder’s participation in such underwriting and the inclusion of such holder’s Registrable Securities in the underwriting
to the extent provided herein. All Demanding Holders proposing to distribute their Registrable Securities through such underwriting shall
enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such underwriting by a majority-in-interest
of the holders initiating the Demand Registration.

 

2.1.4 Reduction of Offering. If
the managing Underwriter or Underwriters for a Demand Registration that is to be an underwritten offering advises the Company and the
Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holders desire to
sell, taken together with all other shares of Common Stock or other securities which the Company desires to sell and the shares of Common
Stock, if any, as to which registration has been requested pursuant to written contractual piggy-back registration rights held by other
stockholders of the Company who desire to sell, exceeds the maximum dollar amount or maximum number of shares that can be sold in such
offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of
such offering (such maximum dollar amount or maximum number of shares, as applicable, the “Maximum Number of Shares” ), then
the Company shall include in such registration: (i) first, the Registrable Securities as to which Demand Registration has been requested
by the Demanding Holders (pro rata in accordance with the number of shares that each such Person has requested be included in such registration,
regardless of the number of shares held by each such Person (such proportion is referred to herein as “Pro Rata” )) that can
be sold without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached
under the foregoing clause (i), the shares of Common Stock or other securities that the Company desires to sell that can be sold without
exceeding the Maximum Number of Shares; and (iii) third, to the extent that the Maximum Number of Shares has not been reached under the
foregoing clauses (i) and (ii), the shares of Common Stock or other securities for the account of other persons that the Company is obligated
to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of
Shares.

 

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2.1.5 Withdrawal. If a majority-in-interest
of the Demanding Holders disapprove of the terms of any underwriting or are not entitled to include all of their Registrable Securities
in any offering, such majority-in-interest of the Demanding Holders may elect to withdraw from such offering by giving written notice
to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement
filed with the Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding Holders withdraws from
a proposed offering relating to a Demand Registration, then such registration shall not count as a Demand Registration provided for in
Section 2.1.

 

2.2 Piggy-Back Registration.

 

2.2.1 Piggy-Back Rights. If at
any time on or after the date the Company consummates a Business Combination the Company proposes to file a Registration Statement under
the Securities Act with respect to an offering of equity securities, or securities or other obligations exercisable or exchangeable for,
or convertible into, equity securities, by the Company for its own account or for stockholders of the Company for their account (or by
the Company and by stockholders of the Company including, without limitation, pursuant to Section 2.1), other than a Registration
Statement (i) filed in connection with any employee stock option or other benefit plan, (ii) for an exchange offer or offering of securities
solely to the Company’s existing stockholders, (iii) for an offering of debt that is convertible into equity securities of the Company
or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable
Securities as soon as practicable but in no event less than ten (10) days before the anticipated filing date, which notice shall describe
the amount and type of securities to be included in such offering, the intended method(s) of distribution, and the name of the proposed
managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of Registrable Securities in such notice the
opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within five
(5) days following receipt of such notice (a “Piggy-Back Registration” ). Subject to Section 2.2.2, the Company shall
cause such Registrable Securities to be included in such registration and shall use its reasonable best efforts to cause the managing
Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back
Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of
such Registrable Securities in accordance with the intended method(s) of distribution thereof. All holders of Registrable Securities proposing
to distribute their securities through a Piggy-Back Registration that involves an Underwriter or Underwriters shall enter into an underwriting
agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration. Notwithstanding the provisions
set forth in the immediately preceding sentences, the right to a Piggy-Back Registration set forth under this Section 2.2.1 with
respect to the Registrable Securities shall terminate on the seventh anniversary of the Effective Date.

 

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2.2.2 Reduction of Offering. If
the managing Underwriter or Underwriters for a Piggy-Back Registration that is to be an underwritten offering advises the Company and
the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock which the Company desires
to sell, taken together with the shares of Common Stock, if any, as to which registration has been demanded pursuant to written contractual
arrangements with persons other than the holders of Registrable Securities hereunder, the Registrable Securities as to which registration
has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which registration has been requested
pursuant to the written contractual piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of
Shares, then the Company shall include in any such registration:

 

a) If the registration is undertaken for
the Company’s account: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can be sold
without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under
the foregoing clause (A), the shares of Common Stock or other securities, if any, comprised of Registrable Securities, as to which registration
has been requested pursuant to the applicable written contractual piggy-back registration rights of such security holders, Pro Rata, that
can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of Shares has not been
reached under the foregoing clauses (A) and (B), the shares of Common Stock or other securities for the account of other persons that
the Company is obligated to register pursuant to written contractual piggy-back registration rights with such persons and that can be
sold without exceeding the Maximum Number of Shares;

 

b) If the registration is a “demand”
registration undertaken at the demand of persons other than either the holders of Registrable Securities, (A) first, the shares of Common
Stock or other securities for the account of the demanding persons that can be sold without exceeding the Maximum Number of Shares; (B)
second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock
or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the
extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), collectively the shares of Common
Stock or other securities comprised of Registrable Securities, Pro Rata, as to which registration has been requested pursuant to the terms
hereof, that can be sold without exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum Number of Shares
has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for the account of other
persons that the Company is obligated to register pursuant to written contractual arrangements with such persons, that can be sold without
exceeding the Maximum Number of Shares.

 

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2.2.3 Withdrawal. Any holder of
Registrable Securities may elect to withdraw such holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration
by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The Company
(whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations)
may withdraw a Registration Statement at any time prior to the effectiveness of such Registration Statement. Notwithstanding any such
withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with such Piggy-Back Registration
as provided in Section 3.3.

 

2.2.4 Registrations on Form S-3.
The holders of Registrable Securities may at any time and from time to time, request in writing that the Company register the resale of
any or all of such Registrable Securities on Form S-3 or any similar short-form registration which may be available at such time (“Form
S-3”); provided, however, that (i) the Company shall not be obligated to effect such request through an underwritten offering and
(ii) the Company shall not be obligated to effect more than two (2) such requests. Upon receipt of such written request, the Company will
promptly give written notice of the proposed registration to all other holders of Registrable Securities, and, as soon as practicable
thereafter, effect the registration of all or such portion of such holder’s or holders’ Registrable Securities as are specified
in such request, together with all or such portion of the Registrable Securities or other securities of the Company, if any, of any other
holder or holders joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written
notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration pursuant
to this Section 2.2.4: (i) if Form S-3 is not available for such offering; or (ii) if the holders of the Registrable Securities,
together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable
Securities and such other securities (if any) at any aggregate price to the public of less than $500,000. Registrations effected pursuant
to this Section 2.2.4 shall not be counted as Demand Registrations effected pursuant to Section 2.1.

 

2.3 Limitations on Registration
Rights. Notwithstanding anything herein to the contrary, (i) any affiliates or designees of Chardan Capital Markets, LLC (“Chardan”)
may not exercise their rights under Sections 2.1 and 2.2 hereunder after five (5) and seven (7) years after the effective
date of the registration statement relating to the Company’s initial public offering, respectively, and (ii) any affiliates or designees
of Chardan may not exercise their rights under Section 2.1 more than one time.

 

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3. REGISTRATION PROCEDURES.

 

3.1 Filings; Information. Whenever the Company
is required to effect the registration of any Registrable Securities pursuant to Section 2, the Company shall use its reasonable
best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method(s) of distribution
thereof as expeditiously as practicable, and in connection with any such request:

 

3.1.1 Filing Registration Statement.
The Company shall use its reasonable best efforts to, as expeditiously as possible after receipt of a request for a Demand Registration
pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on any form for which the Company then qualifies
or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Registrable Securities to
be registered thereunder in accordance with the intended method(s) of distribution thereof, and shall use its reasonable best efforts
to cause such Registration Statement to become effective and use its reasonable best efforts to keep it effective for the period required
by Section 3.1.3; provided, however, that the Company shall have the right to defer any Demand Registration for up
to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which
such Piggy-Back Registration relates, in each case if the Company shall furnish to the holders a certificate signed by Chief Executive
Officer or Chairman of the Company stating that, in the good faith judgment of the Board of Directors of the Company, it would be materially
detrimental to the Company and its stockholders for such Registration Statement to be effected at such time; provided further, however,
that the Company shall not have the right to exercise the right set forth in this provision more than once in any 365-day period in respect
of a Demand Registration hereunder.

 

3.1.2 Copies. The Company shall,
prior to filing a Registration Statement or prospectus, or any amendment or supplement thereto, furnish without charge to the holders
of Registrable Securities included in such registration, and such holders’ legal counsel, copies of such Registration Statement
as proposed to be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and
documents incorporated by reference therein), the prospectus included in such Registration Statement (including each preliminary prospectus),
and such other documents as the holders of Registrable Securities included in such registration or legal counsel for any such holders
may request in order to facilitate the disposition of the Registrable Securities owned by such holders.

 

3.1.3 Amendments and Supplements.
The Company shall prepare and file with the Commission such amendments, including post-effective amendments, and supplements to such Registration
Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement effective and in compliance
with the provisions of the Securities Act until all Registrable Securities and other securities covered by such Registration Statement
have been disposed of in accordance with the intended method(s) of distribution set forth in such Registration Statement or such securities
have been withdrawn.

 

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3.1.4 Notification. After the
filing of a Registration Statement, the Company shall promptly, and in no event more than two (2) business days after such filing, notify
the holders of Registrable Securities included in such Registration Statement of such filing, and shall further notify such holders promptly
and confirm such advice in writing in all events within two (2) business days of the occurrence of any of the following: (i) when such
Registration Statement becomes effective; (ii) when any post-effective amendment to such Registration Statement becomes effective; (iii)
the issuance or threatened issuance by the Commission of any stop order (and the Company shall take all actions required to prevent the
entry of such stop order or to remove it if entered); and (iv) any request by the Commission for any amendment or supplement to such Registration
Statement or any prospectus relating thereto or for additional information or of the occurrence of an event requiring the preparation
of a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers of the securities covered by such Registration
Statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading, and promptly make available to the holders of Registrable Securities
included in such Registration Statement any such supplement or amendment; except that before filing with the Commission a Registration
Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference, the Company shall furnish
to the holders of Registrable Securities included in such Registration Statement and to the legal counsel for any such holders, copies
of all such documents proposed to be filed sufficiently in advance of filing to provide such holders and legal counsel with a reasonable
opportunity to review such documents and comment thereon, and the Company shall not file any Registration Statement or prospectus or amendment
or supplement thereto, including documents incorporated by reference, to which such holders or their legal counsel shall object.

 

3.1.5 State Securities Laws Compliance.
The Company shall use its reasonable best efforts to (i) register or qualify the Registrable Securities covered by the Registration Statement
under such securities or “blue sky” laws of such jurisdictions in the United States as the holders of Registrable Securities
included in such Registration Statement (in light of their intended plan of distribution) may request and (ii) take such action necessary
to cause such Registrable Securities covered by the Registration Statement to be registered with or approved by such other governmental
authorities as may be necessary by virtue of the business and operations of the Company and do any and all other acts and things that
may be necessary or advisable to enable the holders of Registrable Securities included in such Registration Statement to consummate the
disposition of such Registrable Securities in such jurisdictions; provided, however, that the Company shall not be required
to qualify generally to do business in any jurisdiction where it would not otherwise be required to qualify but for this paragraph or
subject itself to taxation in any such jurisdiction.

 

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3.1.6 Agreements for Disposition.
The Company shall enter into customary agreements (including, if applicable, an underwriting agreement in customary form) and take such
other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The representations,
warranties and covenants of the Company in any underwriting agreement which are made to or for the benefit of any Underwriters, to the
extent applicable, shall also be made to and for the benefit of the holders of Registrable Securities included in such registration statement.
No holder of Registrable Securities included in such registration statement shall be required to make any representations or warranties
in the underwriting agreement except, if applicable, with respect to such holder’s organization, good standing, authority, title
to Registrable Securities, lack of conflict of such sale with such holder’s material agreements and organizational documents, and
with respect to written information relating to such holder that such holder has furnished in writing expressly for inclusion in such
Registration Statement.

 

3.1.7 Cooperation. The principal
executive officer of the Company, the principal financial officer of the Company, the principal accounting officer of the Company and
all other officers and members of the management of the Company shall cooperate in all reasonable respects in any offering of Registrable
Securities hereunder, which cooperation shall include, without limitation, the preparation of the Registration Statement with respect
to such offering and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys, accountants
and potential investors.

 

3.1.8 Records. The Company shall
make available for inspection by the holders of Registrable Securities included in such Registration Statement, any Underwriter participating
in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any holder of
Registrable Securities included in such Registration Statement or any Underwriter, all financial and other records, pertinent corporate
documents and properties of the Company, as shall be necessary to enable them to exercise their due diligence responsibility, and cause
the Company’s officers, directors and employees to supply all information requested by any of them in connection with such Registration
Statement.

 

3.1.9 Opinions and Comfort Letters.
Upon request, the Company shall furnish to each holder of Registrable Securities included in any Registration Statement a signed counterpart,
addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii) any comfort letter from the
Company’s independent public accountants delivered to any Underwriter. In the event no legal opinion is delivered to any Underwriter,
the Company shall furnish to each holder of Registrable Securities included in such Registration Statement, at any time that such holder
elects to use a prospectus, an opinion of counsel to the Company to the effect that the Registration Statement containing such prospectus
has been declared effective and that no stop order is in effect.

 

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3.1.10 Earnings Statement. The
Company shall comply with all applicable rules and regulations of the Commission and the Securities Act, and make available to its stockholders,
as soon as practicable, an earnings statement covering a period of twelve (12) months, which earnings statement shall satisfy the provisions
of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

3.1.11 Listing. The Company shall
use its reasonable best efforts to cause all Registrable Securities included in any registration to be listed on such exchanges or otherwise
designated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no such similar
securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable Securities included
in such registration.

 

3.1.12 Road Show. If the registration
involves the registration of Registrable Securities involving gross proceeds in excess of 5,000,000, the Company shall use its reasonable
efforts to make available senior executives of the Company to participate in customary “road show” presentations that may
be reasonably requested by the Underwriter in any underwritten offering.

 

3.2 Obligation to Suspend Distribution.
Upon receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1.4(iv), or, in the
case of a resale registration on Form S-3 pursuant to Section 2.2.4 hereof, upon any suspension by the Company, pursuant to a written
insider trading compliance program adopted by the Company’s Board of Directors, of the ability of all “insiders” covered
by such program to transact in the Company’s securities because of the existence of material non-public information, each holder
of Registrable Securities included in any registration shall immediately discontinue disposition of such Registrable Securities pursuant
to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amended prospectus contemplated
by Section 3.1.4(iv) or the restriction on the ability of “insiders” to transact in the Company’s securities
is removed, as applicable, and, if so directed by the Company, each such holder will deliver to the Company all copies, other than permanent
file copies then in such holder’s possession, of the most recent prospectus covering such Registrable Securities at the time of
receipt of such notice.

 

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3.3 Registration Expenses. The Company shall
bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section 2.1, any Piggy-Back Registration
pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.2.4, and all expenses incurred
in performing or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective,
including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance with securities or “blue
sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications of the Registrable Securities);
(iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation, all salaries and expenses of its officers
and employees); (v) the fees and expenses incurred in connection with the listing of the Registrable Securities as required by Section
3.1.11; (vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements of counsel for the Company and fees and expenses
for independent certified public accountants retained by the Company (including the expenses or costs associated with the delivery of
any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the reasonable fees and expenses of any special experts
retained by the Company in connection with such registration; and (ix) the reasonable fees and expenses of one legal counsel selected
by the holders of a majority-in-interest of the Registrable Securities included in such registration. The Company shall have no obligation
to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold by the holders thereof,
which underwriting discounts or selling commissions shall be borne by such holders. Additionally, in an underwritten offering, all selling
stockholders and the Company shall bear the expenses of the Underwriter pro rata in proportion to the respective amount of shares each
is selling in such offering.

 

3.4 Information. The holders of Registrable
Securities shall provide such information as may reasonably be requested by the Company, or the managing Underwriter, if any, in connection
with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect the registration
of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the Company’s obligation to
comply with Federal and applicable state securities laws.

 

4. INDEMNIFICATION AND CONTRIBUTION.

 

4.1 Indemnification by the Company. The
Company agrees to indemnify and hold harmless each Investor and each other holder of Registrable Securities, and each of their respective
officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls an Investor
and each other holder of Registrable Securities (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act) (each, an “Investor Indemnified Party” ), from and against any expenses, losses, judgments, claims, damages or liabilities,
whether joint or several, arising out of or based upon any untrue statement (or allegedly untrue statement) of a material fact contained
in any Registration Statement under which the sale of such Registrable Securities was registered under the Securities Act, any preliminary
prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration
Statement, or arising out of or based upon any omission (or alleged omission) to state a material fact required to be stated therein or
necessary to make the statements therein not misleading, or any violation by the Company of the Securities Act or any rule or regulation
promulgated thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such
registration; and the Company shall promptly reimburse the Investor Indemnified Party for any legal and any other expenses reasonably
incurred by such Investor Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage,
liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such expense, loss,
claim, damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission
made in such Registration Statement, preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or supplement,
in reliance upon and in conformity with information furnished to the Company, in writing, by such selling holder expressly for use therein.
The Company also shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors, partners, members
and agents and each person who controls such Underwriter on substantially the same basis as that of the indemnification provided above
in this Section 4.1.

 

4.2 Indemnification by Holders of Registrable
Securities. Each selling holder of Registrable Securities will, in the event that any registration is being effected under the Securities
Act pursuant to this Agreement of any Registrable Securities held by such selling holder, indemnify and hold harmless the Company, each
of its directors and officers and each Underwriter (if any), and each other selling holder and each other person, if any, who controls
another selling holder or such Underwriter within the meaning of the Securities Act, against any losses, claims, judgments, damages or
liabilities, whether joint or several, insofar as such losses, claims, judgments, damages or liabilities (or actions in respect thereof)
arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement
under which the sale of such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus
or summary prospectus contained in the Registration Statement, or any amendment or supplement to the Registration Statement, or arise
out of or are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make
the statement therein not misleading, if the statement or omission was made in reliance upon and in conformity with information furnished
in writing to the Company by such selling holder expressly for use therein, and shall reimburse the Company, its directors and officers,
and each other selling holder or controlling person for any legal or other expenses reasonably incurred by any of them in connection with
investigation or defending any such loss, claim, damage, liability or action. Each selling holder’s indemnification obligations
hereunder shall be several and not joint and shall be limited to the amount of any net proceeds actually received by such selling holder.

 

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4.3 Conduct of Indemnification Proceedings.
Promptly after receipt by any person of any notice of any loss, claim, damage or liability or any action in respect of which indemnity
may be sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim in respect
thereof is to be made against any other person for indemnification hereunder, notify such other person (the “Indemnifying Party”
) in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party to
notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such
Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified
Party is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party
shall be entitled to participate in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying Parties,
to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party
to the Indemnified Party of its election to assume control of the defense of such claim or action, the Indemnifying Party shall not be
liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the
defense thereof other than reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party
and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but no more
than one such separate counsel) to represent the Indemnified Party and its controlling persons who may be subject to liability arising
out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and
expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party,
representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.
No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement
of any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have been a party and indemnity
could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such
Indemnified Party from all liability arising out of such claim or proceeding.

 

4.4 Contribution.

 

4.4.1 If the indemnification provided
for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of any loss, claim,
damage, liability or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall
contribute to the amount paid or payable by such Indemnified Party as a result of such loss, claim, damage, liability or action in such
proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the Indemnifying Parties in connection with
the actions or omissions which resulted in such loss, claim, damage, liability or action, as well as any other relevant equitable considerations.
The relative fault of any Indemnified Party and any Indemnifying Party shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information
supplied by such Indemnified Party or such Indemnifying Party and the parties’ relative intent, knowledge, access to information
and opportunity to correct or prevent such statement or omission.

 

4.4.2 The parties hereto agree that it
would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocation or by any other
method of allocation which does not take account of the equitable considerations referred to in the immediately preceding Section 4.4.1.

 

4.4.3 The amount paid or payable by an
Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall
be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection
with investigating or defending any such action or claim. Notwithstanding the provisions of this Section 4.4, no holder of Registrable
Securities shall be required to contribute any amount in excess of the dollar amount of the net proceeds (after payment of any underwriting
fees, discounts, commissions or taxes) actually received by such holder from the sale of Registrable Securities which gave rise to such
contribution obligation. No person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities
Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation.

 

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5. RULE 144.

 

5.1 Rule 144. The Company covenants that
it shall file any reports required to be filed by it under the Securities Act and the Exchange Act and shall take such further action
as the holders of Registrable Securities may reasonably request, all to the extent required from time to time to enable such holders to
sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144
under the Securities Act, as such Rules may be amended from time to time, or any similar rule or regulation hereafter adopted by the Commission.

 

6. MISCELLANEOUS.

 

6.1 Other Registration Rights. The Company
represents and warrants that, except as disclosed in the Company’s registration statement on Form S-1 (File No. 333-[●]),
no person, other than the holders of the Registrable Securities, has any right to require the Company to register any of the Company’s
share capital for sale or to include the Company’s share capital in any registration filed by the Company for the sale of share
capital for its own account or for the account of any other person.

 

6.2 Assignment; No Third Party Beneficiaries.
This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated by the Company in whole
or in part. This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be freely assigned
or delegated by such holder of Registrable Securities in conjunction with and to the extent of any transfer of Registrable Securities
by any such holder. This Agreement and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties,
to the permitted assigns of the Investors or holder of Registrable Securities or of any assignee of the Investors or holder of Registrable
Securities. This Agreement is not intended to confer any rights or benefits on any persons that are not party hereto other than as expressly
set forth in Section 4 and this Section 6.2.

 

6.3 Notices. All notices, demands, requests,
consents, approvals or other communications (collectively, “Notices” ) required or permitted to be given hereunder or which
are given with respect to this Agreement shall be in writing and shall be personally served, delivered by reputable air courier service
with charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressed as set forth below, or to such other address
as such party shall have specified most recently by written notice. Notice shall be deemed given on the date of service or transmission
if personally served or transmitted by telegram, telex or facsimile; provided, that if such service or transmission is not on a business
day or is after normal business hours, then such notice shall be deemed given on the next business day. Notice otherwise sent as provided
herein shall be deemed given on the next business day following timely delivery of such notice to a reputable air courier service with
an order for next-day delivery.

 

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To the Company:

 

Welsbach Technology Metals Acquisition Corp.

160 S Craig Place

Lombard, Illinois 60148

Attn: Daniel Mamadou, Chief Executive Officer

Email: daniel@welsbach.sg

 

with a copy to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York, 10105

Attn: Stuart Neuhauser, Esq.

Attn: Jonathan Deblinger, Esq.

Email: sneuhauser@egsllp.com

Email: jdeblinger@egsllp.com

 

To an Investor, to the address set forth below such Investor’s
name on Exhibit A hereto.

 

6.4 Severability. This Agreement shall be
deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability
of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision,
the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable
provision as may be possible that is valid and enforceable.

 

6.5 Counterparts. This Agreement may be
executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall constitute one and
the same instrument.

 

6.6 Entire Agreement. This Agreement (including
all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and thereto) constitute the
entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous agreements, representations,
understandings, negotiations and discussions between the parties, whether oral or written.

 

6.7 Modifications and Amendments. No amendment,
modification or termination of this Agreement shall be binding upon the Company unless executed in writing by the Company. No amendment,
modification or termination of this Agreement shall be binding upon the holders of the Registrable Securities unless executed in writing
by the holders of the majority Registrable Securities.

 

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6.8 Titles and Headings. Titles and headings
of sections of this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement.

 

6.9 Waivers and Extensions. Any party to
this Agreement may waive any right, breach or default which such party has the right to waive, provided that such waiver will not be effective
against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement. Waivers may be
made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver
of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach thereof nor
of any other agreement or provision herein contained. No waiver or extension of time for performance of any obligations or acts shall
be deemed a waiver or extension of the time for performance of any other obligations or acts.

 

6.10 Remedies Cumulative. In the event that
the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, the Investor or any
other holder of Registrable Securities may proceed to protect and enforce its rights by suit in equity or action at law, whether for specific
performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise
of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or more of such actions, without
being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be mutually exclusive, and
each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement
or now or hereafter available at law, in equity, by statute or otherwise.

 

6.11 Governing Law. This Agreement shall
be governed by, interpreted under, and construed in accordance with the internal laws of the State of New York applicable to agreements
made and to be performed within the State of New York, without giving effect to any choice-of-law provisions thereof that would compel
the application of the substantive laws of any other jurisdiction.

 

6.12 Waiver of Trial by Jury. Each party
hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding (whether
based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated hereby,
or the actions of the Investor in the negotiation, administration, performance or enforcement hereof.

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties have caused this
Registration Rights Agreement to be executed and delivered by their duly authorized representatives as of the date first written above.

 

	 	COMPANY:
	 	 
	 	Welsbach Technology Metals Acquisition Corp.
	 	 	 
	 	By: 	 
	 	 	Name: 	 Daniel Mamadou
	 	 	Title:	Chief Executive Officer 
	 	 	 
	 	INVESTOR:
	 	 	 
	 	Welsbach Acquisition Holdings LLC
	 	 	 
	 	By: 	 
	 	 	Name:	 
	 	 	Title:	Authorized Representative 

 

     

     

    

 

EXHIBIT A

 

Name and Address of Investors

 

To all Investors:

 

c/o Welsbach Technology Metals Acquisition Corp.

160 S Craig Place

Lombard, Illinois 60148Exhibit 10.5

 

FORM
OF INDEMNITY AGREEMENT

 

THIS
INDEMNITY AGREEMENT (this “Agreement”) is made as of [●], 2021, by and between Welsbach Technology Metals Acquisition
Corp., a Delaware corporation (the “Company”), and the undersigned indemnitee (“Indemnitee”).

 

RECITALS

 

WHEREAS,
highly competent persons have become more reluctant to serve publicly held corporations as directors, officers or in other capacities
unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and
actions against them arising out of their service to and activities on behalf of such corporations;

 

WHEREAS,
the Board of Directors of the Company (the “Board”) has determined that, in order to attract and retain qualified individuals,
the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company
and its Subsidiaries (as defined below) from certain liabilities. Although the furnishing of such insurance has been a customary and
widespread practice among United States-based corporations and other business enterprises, the Company believes that, given current market
conditions and trends, such insurance may be available to it in the future only at higher premiums and with more exclusions. At the same
time, directors, officers and other persons in service to corporations or business enterprises are being increasingly subjected to expensive
and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company
or business enterprise itself. The Amended and Restated Certificate of Incorporation (the “Charter”) and the Bylaws (the
“Bylaws”) of the Company require indemnification of the officers and directors of the Company. Indemnitee may also be entitled
to indemnification pursuant to applicable provisions of the Delaware General Corporation Law (“DGCL”). The Bylaws and the
DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts
may be entered into between the Company and members of the Board, officers and other persons with respect to indemnification, hold harmless,
exoneration, advancement and reimbursement rights;

 

WHEREAS,
the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;

 

WHEREAS,
the Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests
of the Company’s stockholders and that the Company should act to assure such persons that there will be increased certainty of
such protection in the future;

 

WHEREAS,
it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, hold harmless, exonerate and to
advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to
serve the Company free from undue concern that they will not be so protected against liabilities;

 

WHEREAS,
this Agreement is a supplement to and in furtherance of the Charter and Bylaws of the Company and any resolutions adopted pursuant thereto,
and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and

 

     

     

    

 

WHEREAS,
Indemnitee may not be willing to serve as an officer or director without adequate protection, and the Company desires Indemnitee to serve
in such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service for or on behalf of the Company
on the condition that he or she be so indemnified.

 

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

 

TERMS
AND CONDITIONS

 

		1.	SERVICES
                                            TO THE COMPANY. Indemnitee will serve or continue to serve as an officer, director, advisor,
                                            key employee or in any other capacity of the Company, as applicable, for so long as Indemnitee
                                            is duly elected, appointed or retained or until Indemnitee tenders his or her resignation,
                                            or is removed or dies. The foregoing notwithstanding, this Agreement shall continue in full
                                            force and effect after Indemnitee has ceased to serve as an officer, director, advisor, key
                                            employee or in any other capacity of the Company, as provided in Section 17. This Agreement,
                                            however, shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s
                                            service to the Company beyond any period otherwise required by law or by other agreements
                                            or commitments of the parties, if any

 

		2.	DEFINITIONS.
                                            As used in this Agreement:

 

		(a)	References
                                            to “agent” shall mean any person who is or was a director, officer or employee
                                            of the Company or a Subsidiary of the Company or other person authorized by the Company to
                                            act for the Company, to include such person serving in such capacity as a director, officer,
                                            employee, fiduciary or other official of another corporation, partnership, limited liability
                                            company, joint venture, trust or other enterprise at the request of, for the convenience
                                            of, or to represent the interests of the Company or a Subsidiary of the Company.

 

		(b)	The
                                            terms “Beneficial Owner” and “Beneficial Ownership” shall have the
                                            meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as
                                            in effect on the date hereof.

 

		(c)	A
                                            “Change in Control” shall be deemed to occur upon the earliest to occur after
                                            the date of this Agreement of any of the following events:

 

		i.	Acquisition
                                            of Stock by Third Party. Other than Chardan Capital Markets, LLC (the “Underwriter”)
                                            or an affiliate thereof, any Person (as defined below) is or becomes the Beneficial Owner,
                                            directly or indirectly, of securities of the Company representing fifteen percent (15%) or
                                            more of the combined voting power of the Company’s then outstanding securities entitled
                                            to vote generally in the election of directors, unless (1) the change in the relative Beneficial
                                            Ownership of the Company’s securities by any Person results solely from a reduction
                                            in the aggregate number of outstanding shares of securities entitled to vote generally in
                                            the election of directors, or (2) such acquisition was approved in advance by the Continuing
                                            Directors (as defined below) and such acquisition would not constitute a Change in Control
                                            under part (iii) of this definition;

 

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		ii.	Change
                                            in the Board. Individuals who, as of the date hereof, constitute the Board, and any new
                                            director whose election by the Board or nomination for election by the Company’s stockholders
                                            was approved by a vote of at least two thirds of the directors then still in office who were
                                            directors on the date hereof or whose election for nomination for election was previously
                                            so approved (collectively, the “Continuing Directors”), cease for any reason
                                            to constitute at least a majority of the members of the Board;

 

		iii.	Corporate
                                            Transactions. The effective date of a merger, stock exchange, asset acquisition, stock
                                            purchase, reorganization or other similar business combination involving the Company and
                                            one or more businesses or entities (a “Business Combination”), in each case,
                                            unless, following such Business Combination: (1) all or substantially all of the individuals
                                            and entities who were the Beneficial Owners of securities entitled to vote generally in the
                                            election of directors immediately prior to such Business Combination beneficially own, directly
                                            or indirectly, more than 51% of the combined voting power of the then outstanding securities
                                            of the Company entitled to vote generally in the election of directors resulting from such
                                            Business Combination (including, without limitation, a corporation which as a result of such
                                            transaction owns the Company or all or substantially all of the Company’s assets either
                                            directly or through one or more Subsidiaries) in substantially the same proportions as their
                                            ownership immediately prior to such Business Combination, of the securities entitled to vote
                                            generally in the election of directors; (2) other than the Underwriter or an affiliate thereof,
                                            no Person (excluding any corporation resulting from such Business Combination) is the Beneficial
                                            Owner, directly or indirectly, of 15% or more of the combined voting power of the then outstanding
                                            securities entitled to vote generally in the election of directors of the surviving corporation
                                            except to the extent that such ownership existed prior to the Business Combination; and (3)
                                            at least a majority of the board of directors of the corporation resulting from such Business
                                            Combination were Continuing Directors at the time of the execution of the initial agreement,
                                            or of the action of the Board, providing for such Business Combination;

 

		iv.	Liquidation.
                                            The approval by the stockholders of the Company of a complete liquidation of the Company
                                            or an agreement or series of agreements for the sale or disposition by the Company of all
                                            or substantially all of the Company’s assets, other than factoring the Company’s
                                            current receivables or escrows due (or, if such approval is not required, the decision by
                                            the Board to proceed with such a liquidation, sale, or disposition in one transaction or
                                            a series of related transactions); or

 

		v.	Other
                                            Events. There occurs any other event of a nature that would be required to be reported
                                            in response to Item 6(e) of Schedule 14A of Regulation 14A (or a response to any similar
                                            item on any similar schedule or form) promulgated under the Exchange Act (as defined below),
                                            whether or not the Company is then subject to such reporting requirement.

 

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		(d)	”Corporate
                                            Status” describes the status of a person who is or was a director, officer, trustee,
                                            general partner, manager, managing member, fiduciary, employee or agent of the Company or
                                            of any other Enterprise (as defined below) which such person is or was serving at the request
                                            of the Company.

 

		(e)	“Delaware
                                            Court” shall mean the Court of Chancery of the State of Delaware.

 

		(f)	“Disinterested
                                            Director” shall mean a director of the Company who is not and was not a party to the
                                            Proceeding (as defined below) in respect of which indemnification is sought by Indemnitee.

 

		(g)	“Enterprise”
                                            shall mean the Company and any other corporation, constituent corporation (including any
                                            constituent of a constituent) absorbed in a consolidation or merger to which the Company
                                            (or any of its wholly owned Subsidiaries) is a party, limited liability company, partnership,
                                            joint venture, trust, employee benefit plan or other enterprise of which Indemnitee is or
                                            was serving at the request of the Company as a director, officer, trustee, general partner,
                                            managing member, fiduciary, employee or agent.

 

		(h)	“Exchange
                                            Act” shall mean the Securities Exchange Act of 1934, as amended.

 

		(i)	“Expenses”
                                            shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever,
                                            including, without limitation, all reasonable attorneys’ fees and costs, retainers,
                                            court costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private
                                            investigators and professional advisors, duplicating costs, printing and binding costs, telephone
                                            charges, postage, delivery service fees, fax transmission charges, secretarial services and
                                            all other disbursements, obligations or expenses in connection with prosecuting, defending,
                                            preparing to prosecute or defend, investigating, being or preparing to be a witness in, settlement
                                            or appeal of, or otherwise participating in, a Proceeding (as defined below), including reasonable
                                            compensation for time spent by the Indemnitee for which he or she is not otherwise compensated
                                            by the Company or any third party. Expenses also shall include Expenses incurred in connection
                                            with any appeal resulting from any Proceeding (as defined below), including without limitation
                                            the principal, premium, security for, and other costs relating to any cost bond, supersedeas
                                            bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts
                                            paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

		(j)	References
                                            to “fines” shall include any excise tax assessed on Indemnitee with respect to
                                            any employee benefit plan; references to “serving at the request of the Company”
                                            shall include any service as a director, officer, employee, agent or fiduciary of the Company
                                            which imposes duties on, or involves services by, such director, officer, employee, agent
                                            or fiduciary with respect to an employee benefit plan, its participants or beneficiaries;
                                            and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be
                                            in the best interests of the participants and beneficiaries of an employee benefit plan,
                                            Indemnitee shall be deemed to have acted in a manner “not opposed to the best interests
                                            of the Company” as referred to in this Agreement.

 

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		(k)	“Independent
                                            Counsel” shall mean a law firm or a member of a law firm with significant experience
                                            in matters of corporate law and that neither presently is, nor in the past five 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 (as defined below) 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.

 

		(l)	The
                                            term “Person” shall have the meaning as set forth in Sections 13(d) and 14(d)
                                            of the Exchange Act as in effect on the date hereof; provided, however, that “Person”
                                            shall exclude: (i) the Company; (ii) any Subsidiaries (as defined below) of the Company;
                                            (iii) any employment benefit plan of the Company or of a Subsidiary (as defined below) of
                                            the Company or of any corporation owned, directly or indirectly, by the stockholders of the
                                            Company in substantially the same proportions as their ownership of stock of the Company;
                                            and (iv) any trustee or other fiduciary holding securities under an employee benefit plan
                                            of the Company or of a Subsidiary (as defined below) of the Company or of a corporation owned
                                            directly or indirectly by the stockholders of the Company in substantially the same proportions
                                            as their ownership of stock of the Company.

 

		(m)	The
                                            term “Proceeding” shall include any threatened, pending or completed action,
                                            suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry,
                                            administrative hearing or any other actual, threatened or completed proceeding, whether brought
                                            in the right of the Company or otherwise and whether of a civil (including intentional or
                                            unintentional tort claims), criminal, administrative or investigative or related nature,
                                            in which Indemnitee was, is, will or might be involved as a party or a participant (as a
                                            witness or otherwise), by reason of his or her Corporate Status or by reason of any action
                                            (or failure to act) taken by him or of any action (or failure to act) on his part while acting
                                            as a director or officer of the Company, in each case whether or not serving in such capacity
                                            at the time any liability or expense is incurred for which indemnification, reimbursement,
                                            or advancement of expenses can be provided under this Agreement.

 

		(n)	The
                                            term “Subsidiary,” with respect to any Person, shall mean any corporation, limited
                                            liability company, partnership, joint venture, trust or other entity of which a majority
                                            of the voting power of the voting equity securities or equity interest is owned, directly
                                            or indirectly, by that Person.

 

		3.	INDEMNITY
                                            IN THIRD-PARTY PROCEEDINGS. Notwithstanding any other provisions of this Agreement except
                                            for Section 27, to the fullest extent permitted by applicable law, the Company shall indemnify,
                                            hold harmless and exonerate Indemnitee in accordance with the provisions of this Section
                                            3 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness,
                                            deponent or otherwise) in any Proceeding, other than a Proceeding by or in the right of the
                                            Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall
                                            be indemnified, held harmless and exonerated against all Expenses, judgments, liabilities,
                                            fines, penalties and amounts paid in settlement (including all interest, assessments and
                                            other charges paid or payable in connection with or in respect of such Expenses, judgments,
                                            fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee
                                            or on his or her behalf in connection with such Proceeding or any claim, issue or matter
                                            therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed
                                            to be in or not opposed to the best interests of the Company and, in the case of a criminal
                                            Proceeding, had no reasonable cause to believe that his or her conduct was unlawful.

 

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		4.	INDEMNITY
                                            IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. Notwithstanding any other provisions
                                            of this Agreement except for Section 27, to the fullest extent permitted by applicable law,
                                            the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the
                                            provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party
                                            to or a participant (as a witness, deponent or otherwise) in any Proceeding by or in the
                                            right of the Company to procure a judgment in its favor. Pursuant to this Section 4, Indemnitee
                                            shall be indemnified against all Expenses actually and reasonably incurred by him or her
                                            or on his or her behalf in connection with such Proceeding or any claim, issue or matter
                                            therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed
                                            to be in or not opposed to the best interests of the Company. No indemnification, hold harmless
                                            or exoneration for Expenses shall be made under this Section 4 in respect of any claim, issue
                                            or matter as to which Indemnitee shall have been finally adjudged by a court to be liable
                                            to the Company, unless and only to the extent that any court in which the Proceeding was
                                            brought or the Delaware Court shall determine upon application that, despite the adjudication
                                            of liability but in view of all of the circumstances of the case, Indemnitee is fairly and
                                            reasonably entitled to indemnification, to be held harmless or to exoneration.

 

		5.	INDEMNIFICATION
                                            FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL. Notwithstanding any other
                                            provisions of this Agreement except for Section 27, to the extent that Indemnitee was or
                                            is a party to or a participant (as a witness, deponent or otherwise) in and is successful,
                                            on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter
                                            therein, in whole or in part, the Company shall, to the fullest extent permitted by applicable
                                            law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and
                                            reasonably incurred by him or her in connection therewith. If Indemnitee is not wholly successful
                                            in such Proceeding but is successful, on the merits or otherwise, as to one or more but less
                                            than all claims, issues or matters in such Proceeding, the Company shall, to the fullest
                                            extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee against
                                            all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection
                                            with each successfully resolved claim, issue or matter. If the Indemnitee is not wholly successful
                                            in such Proceeding, the Company also shall, to the fullest extent permitted by applicable
                                            law, indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and
                                            reasonably incurred in connection with a claim, issue or matter related to any claim, issue,
                                            or matter on which the Indemnitee was successful. For purposes of this Section and without
                                            limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal,
                                            with or without prejudice, shall be deemed to be a successful result as to such claim, issue
                                            or matter.

 

		6.	INDEMNIFICATION
                                            FOR EXPENSES OF A WITNESS. Notwithstanding any other provision of this Agreement except
                                            for Section 27, to the extent that Indemnitee is a participant (as a witness or otherwise)
                                            in any Proceeding to which Indemnitee is not a party, he or she shall, to the fullest extent
                                            permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses
                                            actually and reasonably incurred by him or her or on his or her behalf in connection therewith.

 

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		7.	ADDITIONAL
                                            INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS. Notwithstanding any limitation
                                            in Sections 3, 4, 5 or 27, the Company shall, to the fullest extent permitted by applicable
                                            law, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened
                                            to be made a party to any Proceeding (including a Proceeding by or in the right of the Company
                                            to procure a judgment in its favor) against all Expenses, judgments, fines, penalties and
                                            amounts paid in settlement (including all interest, assessments and other charges paid or
                                            payable in connection with or in respect of such Expenses, judgments, fines, penalties and
                                            amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection
                                            with the Proceeding. No indemnification, hold harmless or exoneration rights shall be available
                                            under this Section 7 on account of Indemnitee’s conduct which constitutes a breach
                                            of Indemnitee’s duty of loyalty to the Company or its stockholders, including an act
                                            or omission of Indemnitee not in good faith, or which involves intentional misconduct or
                                            a knowing violation of the law.

 

		8.	CONTRIBUTION
                                            IN THE EVENT OF JOINT LIABILITY.

 

		(a)	To
                                            the fullest extent permissible under applicable law, if the indemnification, hold harmless
                                            and/or exoneration rights provided for in this Agreement are unavailable to Indemnitee in
                                            whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding
                                            harmless or exonerating Indemnitee, shall pay, in the first instance, the entire amount incurred
                                            by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be
                                            paid in settlement and/or for Expenses, in connection with any Proceeding without requiring
                                            Indemnitee to contribute to such payment, and the Company hereby waives and relinquishes
                                            any right of contribution it may have at any time against Indemnitee.

 

		(b)	The
                                            Company shall not enter into any settlement of any Proceeding in which the Company is jointly
                                            liable with Indemnitee (or would be if joined in such Proceeding) unless such settlement
                                            provides for a full and final release of all claims asserted against Indemnitee.

 

		(c)	The
                                            Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any
                                            claims for contribution which may be brought by officers, directors or employees of the Company,
                                            other than Indemnitee, who may be jointly liable with Indemnitee.

 

		9.	EXCLUSIONS.
                                            Notwithstanding any provision in this Agreement except for Section 27, the Company shall
                                            not be obligated under this Agreement to make any indemnification, hold harmless or exoneration
                                            payment in connection with any claim made against Indemnitee:

 

		(a)	for
                                            which payment has actually been received by or on behalf of Indemnitee under any insurance
                                            policy or other indemnity provision, except with respect to any excess beyond the amount
                                            actually received under any insurance policy, contract, agreement, other indemnity provision
                                            or otherwise;

 

		(b)	for
                                            an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee
                                            of securities of the Company within the meaning of Section 16(b) of the Exchange Act or similar
                                            provisions of state statutory law or common law; or

 

		(c)	except
                                            as otherwise provided in Sections 14(e)-(f) hereof, prior to a Change in Control, in connection
                                            with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any
                                            Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or
                                            its directors, officers, employees or other indemnitees, unless (i) the Board authorized
                                            the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company
                                            provides the indemnification, hold harmless or exoneration payment, in its sole discretion,
                                            pursuant to the powers vested in the Company under applicable law.

 

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		10.	ADVANCES
                                            OF EXPENSES; DEFENSE OF CLAIM.

 

		(a)	Notwithstanding
                                            any provision of this Agreement to the contrary except for Section 27, and to the fullest
                                            extent not prohibited by applicable law, the Company shall pay the Expenses incurred by Indemnitee
                                            (or reasonably expected by Indemnitee to be incurred by Indemnitee within three months) in
                                            connection with any Proceeding within ten (10) days after the receipt by the Company of a
                                            statement or statements requesting such advances from time to time, prior to the final disposition
                                            of any Proceeding. Advances shall be unsecured and interest free. Advances shall be made
                                            without regard to Indemnitee’s ability to repay the Expenses and without regard to
                                            Indemnitee’s ultimate entitlement to be indemnified, held harmless or exonerated under
                                            the other provisions of this Agreement. Advances shall include any and all reasonable Expenses
                                            incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred
                                            preparing and forwarding statements to the Company to support the advances claimed. To the
                                            fullest extent required by applicable law, such payments of Expenses in advance of the final
                                            disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking,
                                            by or on behalf of the Indemnitee, to repay the advance to the extent that it is ultimately
                                            determined that Indemnitee is not entitled to be indemnified by the Company under the provisions
                                            of this Agreement, the Charter, the Bylaws of the Company, applicable law or otherwise. This
                                            Section 10(a) shall not apply to any claim made by Indemnitee for which an indemnification,
                                            hold harmless or exoneration payment is excluded pursuant to Section 9.

 

		(b)	The
                                            Company will be entitled to participate in the Proceeding at its own expense.

 

		(c)	The
                                            Company shall not settle any action, claim or Proceeding (in whole or in part) which would
                                            impose any Expense, judgment, fine, penalty or limitation that is not entitled to be indemnified
                                            under this Agreement on the Indemnitee without the Indemnitee’s prior written consent.

 

		11.	PROCEDURE
                                            FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION.

 

		(a)	Indemnitee
                                            agrees to promptly notify the Company in writing upon being served with any summons, citation,
                                            subpoena, complaint, indictment, information or other document relating to any Proceeding
                                            or matter which may be subject to indemnification, hold harmless or exoneration rights, or
                                            advancement of Expenses covered hereunder. The failure of Indemnitee to so notify the Company
                                            shall not relieve the Company of any obligation which it may have to the Indemnitee under
                                            this Agreement, or otherwise.

 

		(b)	Indemnitee
                                            may deliver to the Company a written application to indemnify, hold harmless or exonerate
                                            Indemnitee in accordance with this Agreement. Such application(s) may be delivered from time
                                            to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion.
                                            Following such a written application for indemnification by Indemnitee, the Indemnitee’s
                                            entitlement to indemnification shall be determined according to Section 12(a) of this Agreement.

 

    8

     

    

 

		12.	PROCEDURE
                                            UPON APPLICATION FOR INDEMNIFICATION.

 

		(a)	A
                                            determination, if required by applicable law, with respect to Indemnitee’s entitlement
                                            to indemnification shall be made in the specific case by one of the following methods, which
                                            shall be at the election of Indemnitee: (i) by a majority vote of the Disinterested Directors,
                                            even though less than a quorum of the Board, (ii) by a committee of such directors designated
                                            by majority vote of such directors, or (iii) by Independent Counsel in a written opinion
                                            to the Board, a copy of which shall be delivered to Indemnitee. The Company will promptly
                                            advise Indemnitee in writing with respect to any determination that Indemnitee is or is not
                                            entitled to indemnification, including a description of any reason or basis for which indemnification
                                            has been denied. If it is so determined that Indemnitee is entitled to indemnification, payment
                                            to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall
                                            reasonably 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 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 agrees to indemnify and to hold Indemnitee harmless therefrom.

 

		(b)	In
                                            the event the determination of entitlement to indemnification is to be made by Independent
                                            Counsel pursuant to Section 12(a) hereof, the Independent Counsel shall be selected as provided
                                            in this Section 12(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee
                                            shall request that such selection be made by the Board), and Indemnitee shall give written
                                            notice to the Company advising it of the identity of the Independent Counsel so selected
                                            and certifying that the Independent Counsel so selected meets the requirements of “Independent
                                            Counsel” as defined in Section 2 of this Agreement. If the Independent Counsel is selected
                                            by the Board, the Company shall give written notice to Indemnitee advising him of the identity
                                            of the Independent Counsel so selected and certifying that the Independent Counsel so selected
                                            meets the requirements of “Independent Counsel” as defined in Section 2 of this
                                            Agreement. In either event, Indemnitee or the Company, as the case may be, may, within ten
                                            (10) days after such written notice of selection shall have been received, 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 2 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 such written objection is so made and substantiated,
                                            the Independent Counsel so selected may not serve as Independent Counsel unless and until
                                            such objection is withdrawn or a court of competent jurisdiction has determined that such
                                            objection is without merit. If, within twenty (20) days after submission by Indemnitee of
                                            a written request for indemnification pursuant to Section 11(b) hereof, no Independent Counsel
                                            shall have been selected and not objected to, either the Company or Indemnitee may petition
                                            the Delaware Court 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 Delaware Court, and the person with respect
                                            to whom all objections are so resolved or the person so appointed shall act as Independent
                                            Counsel under Section 12(a) hereof. Upon the due commencement of any judicial proceeding
                                            or arbitration pursuant to Section 14(a) of this Agreement, Independent Counsel shall be
                                            discharged and relieved of any further responsibility in such capacity (subject to the applicable
                                            standards of professional conduct then prevailing).

 

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		(c)	The
                                            Company agrees to pay the reasonable fees and expenses of Independent Counsel and to fully
                                            indemnify and hold harmless such Independent Counsel against any and all Expenses, claims,
                                            liabilities and damages arising out of or relating to this Agreement or its engagement pursuant
                                            hereto.

 

		13.	PRESUMPTIONS
                                            AND EFFECT OF CERTAIN PROCEEDINGS.

 

		(a)	In
                                            making a determination with respect to entitlement to indemnification hereunder, the person,
                                            persons or entity making such determination shall presume that Indemnitee is entitled to
                                            indemnification under this Agreement if Indemnitee has submitted a request for indemnification
                                            in accordance with Section 11(b) of 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. Neither the failure of the Company
                                            (including by its directors or Independent Counsel) to have made a determination prior to
                                            the commencement of any action pursuant to this Agreement that indemnification is proper
                                            in the circumstances because Indemnitee has met the applicable standard of conduct, nor an
                                            actual determination by the Company (including by its directors or Independent Counsel) that
                                            Indemnitee has not met such applicable standard of conduct, shall be a defense to the action
                                            or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

		(b)	If
                                            the person, persons or entity empowered or selected under Section 12 of this Agreement to
                                            determine whether Indemnitee is entitled to indemnification shall not have made a determination
                                            within thirty (30) days after receipt by the Company of the request therefor, the requisite
                                            determination of entitlement to indemnification shall be deemed to have been made and Indemnitee
                                            shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material
                                            fact, or an omission of a material fact necessary to make Indemnitee’s statement not
                                            materially misleading, in connection with the request for indemnification, or (ii) a final
                                            judicial determination that any or all such indemnification is expressly prohibited under
                                            applicable law; provided, however, that such 30-day period may be extended for a reasonable
                                            time, not to exceed an additional fifteen (15) days, if the person, persons or entity making
                                            the determination with respect to entitlement to indemnification in good faith require(s)
                                            such additional time for the obtaining or evaluating of documentation and/or information
                                            relating thereto.

 

		(c)	The
                                            termination of any Proceeding or of any claim, issue or matter therein, by judgment, order,
                                            settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not
                                            (except as otherwise expressly provided in this Agreement) of itself, favor or undermine
                                            the determination of, the right of Indemnitee to indemnification or create a presumption
                                            that Indemnitee did or did not act in good faith and in a manner which he or 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 or her
                                            conduct was unlawful.

 

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		(d)	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
                                            Enterprise, including financial statements, or on information supplied to Indemnitee by the
                                            directors, officers or managers of the Enterprise in the course of their duties, or on the
                                            advice of legal counsel for the Enterprise, its Board, any committee of the Board or any
                                            director, officer, trustee, general partner, manager or managing member, or on information
                                            or records given or reports made to the Enterprise, its Board, any committee of the Board
                                            or any director, officer, trustee, general partner, manager or managing member, by an independent
                                            certified public accountant or by an appraiser or other expert selected by the Enterprise,
                                            its Board, any committee of the Board or any director, officer, trustee, general partner,
                                            manager or managing member. The provisions of this Section 13(d) shall not be deemed to be
                                            exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed
                                            or found to have or have not met the applicable standard of conduct set forth in this Agreement.

 

		(e)	The
                                            knowledge and/or actions, or failure to act, of any other director, officer, trustee, partner,
                                            managing member, fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee
                                            for purposes of determining the right to indemnification under this Agreement.

 

		14.	REMEDIES
                                            OF INDEMNITEE.

 

		(a)	In
                                            the event that (i) a determination is made pursuant to Section 12 of this Agreement that
                                            Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses,
                                            to the fullest extent permitted by applicable law, is not timely made pursuant to Section
                                            10 of this Agreement, (iii) no determination of entitlement to indemnification shall have
                                            been made pursuant to Section 12(a) of this Agreement within the timeline set forth in this
                                            Agreement, (iv) payment of indemnification is not made pursuant to Section 5, 6, 7 or the
                                            last sentence of Section 12(a) of this Agreement within the timeline set forth in this Agreement,
                                            (v) a contribution payment is not made in a timely manner pursuant to Section 8 of this Agreement,
                                            (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made
                                            within the timeline set forth in this Agreement, or (vii) payment to Indemnitee pursuant
                                            to any hold harmless or exoneration rights under this Agreement or otherwise is not made
                                            within the timeline set forth in this Agreement, Indemnitee shall be entitled to an adjudication
                                            by the Delaware Court to such indemnification, hold harmless, exoneration, contribution or
                                            advancement rights. Alternatively, Indemnitee, at his or her option, may seek an award in
                                            arbitration to be conducted by a single arbitrator pursuant to the Commercial Arbitration
                                            Rules of the American Arbitration Association. Except as set forth herein, the provisions
                                            of Delaware law (without regard to its conflict of laws rules) shall apply to any such arbitration.
                                            The Company shall not oppose Indemnitee’s right to seek any such adjudication or award
                                            in arbitration.

 

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		(b)	In
                                            the event that a determination shall have been made pursuant to Section 12(a) of this Agreement
                                            that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration
                                            commenced pursuant to this Section 14 shall be conducted in all respects as a de novo trial,
                                            or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse
                                            determination. In any judicial proceeding or arbitration commenced pursuant to this Section
                                            14, Indemnitee shall be presumed to be entitled to be indemnified, held harmless, exonerated
                                            to receive advances of Expenses under this Agreement and the Company shall have the burden
                                            of proving Indemnitee is not entitled to be indemnified, held harmless, exonerated and to
                                            receive advances of Expenses, as the case may be, and the Company may not refer to or introduce
                                            into evidence any determination pursuant to Section 12(a) of this Agreement adverse to Indemnitee
                                            for any purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant to
                                            this Section 14, Indemnitee shall not be required to reimburse the Company for any advances
                                            pursuant to Section 10 until a final determination is made with respect to Indemnitee’s
                                            entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed).

 

		(c)	If
                                            a determination shall have been made pursuant to Section 12(a) of this Agreement that Indemnitee
                                            is entitled to indemnification, the Company shall be bound by such determination in any judicial
                                            proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement
                                            by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
                                            statement not materially misleading, in connection with the request for indemnification,
                                            or (ii) a prohibition of such indemnification under applicable law.

 

		(d)	The
                                            Company shall be precluded from asserting in any judicial proceeding or arbitration commenced
                                            pursuant to this Section 14 that the procedures and presumptions of this Agreement are not
                                            valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator
                                            that the Company is bound by all the provisions of this Agreement.

 

		(e)	The
                                            Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law
                                            against all Expenses and, if requested by Indemnitee, shall (within ten (10) days after the
                                            Company’s receipt of such written request) pay to Indemnitee, to the fullest extent
                                            permitted by applicable law, such Expenses which are incurred by Indemnitee in connection
                                            with any judicial proceeding or arbitration brought by Indemnitee (i) to enforce his or her
                                            rights under, or to recover damages for breach of, this Agreement or any other indemnification,
                                            hold harmless, exoneration, advancement or contribution agreement or provision of the Charter
                                            or the Bylaws now or hereafter in effect; or (ii) for recovery or advances under any insurance
                                            policy maintained by any person for the benefit of Indemnitee, regardless of the outcome
                                            and whether Indemnitee ultimately is determined to be entitled to such indemnification, hold
                                            harmless or exoneration right, advancement, contribution or insurance recovery, as the case
                                            may be (unless such judicial proceeding or arbitration was not brought by Indemnitee in good
                                            faith).

 

		(f)	Interest
                                            shall be paid by the Company to Indemnitee at the legal rate under Delaware law for amounts
                                            which the Company indemnifies, holds harmless or exonerates, contributes, reimburses, advances,
                                            or is obliged to indemnify, hold harmless, exonerate, contribute, reimburse or advance for
                                            the period commencing with the date on which the Indemnitee requests such indemnification,
                                            to be held harmless, exonerated, contribution, reimbursement or advancement of any Expenses
                                            and ending with the date on which such payment is made to Indemnitee by the Company.

 

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		15.	SECURITY.
                                            Notwithstanding anything herein to the contrary, to the extent requested by the Indemnitee
                                            and approved by the Board, the Company may at any time and from time to time provide security
                                            to the Indemnitee for the Company’s obligations hereunder through an irrevocable bank
                                            line of credit, funded trust or other collateral. Any such security, once provided to the
                                            Indemnitee, may not be revoked or released without the prior written consent of the Indemnitee.

 

		16.	NON-EXCLUSIVITY;
                                            SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION; PRIORITY OF OBLIGATIONS.

 

		(a)	The
                                            rights of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other
                                            rights to which Indemnitee may at any time be entitled under applicable law, the Charter,
                                            the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise.
                                            No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit
                                            or restrict any right of Indemnitee under this Agreement in respect of any Proceeding (regardless
                                            of when such Proceeding is first threatened, commenced or completed) or claim, issue or matter
                                            therein arising out of, or related to, any action taken or omitted by such Indemnitee in
                                            his Corporate Status prior to such amendment, alteration or repeal. To the extent that a
                                            change in applicable law, whether by statute or judicial decision, permits greater indemnification,
                                            hold harmless or exoneration rights or advancement of Expenses than would be afforded currently
                                            under the Charter, the Bylaws or this Agreement, then this Agreement (without any further
                                            action by the parties hereto) shall automatically be deemed to be amended to require that
                                            the Company indemnifies the Indemnitee to the fullest extent permitted by law. No right or
                                            remedy herein conferred is intended to be exclusive of any other right or remedy, and every
                                            other right and remedy shall be cumulative and in addition to every other right and remedy
                                            given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion
                                            or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
                                            assertion or employment of any other right or remedy.

 

		(b)	The
                                            DGCL and the Bylaws permit the Company to purchase and maintain insurance or furnish similar
                                            protection or make other arrangements including, but not limited to, providing a trust fund,
                                            letter of credit, or surety bond (“Indemnification Arrangements”) on behalf of
                                            Indemnitee against any liability asserted against him or her or incurred by or on behalf
                                            of him or her or in such capacity as a director, officer, employee or agent of the Company,
                                            or arising out of his or her status as such, whether or not the Company would have the power
                                            to indemnify him or her against such liability under the provisions of this Agreement or
                                            under the DGCL, as it may then be in effect. The purchase, establishment, and maintenance
                                            of any such Indemnification Arrangement shall not in any way limit or affect the rights and
                                            obligations of the Company or of the Indemnitee under this Agreement except as expressly
                                            provided herein, and the execution and delivery of this Agreement by the Company and the
                                            Indemnitee shall not in any way limit or affect the rights and obligations of the Company
                                            or the other party or parties thereto under any such Indemnification Arrangement.

 

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		(c)	To
                                            the extent that the Company maintains an insurance policy or policies providing liability
                                            insurance for directors, officers, trustees, partners, managers, managing members, fiduciaries,
                                            employees, or agents of the Company or of any other Enterprise which such person serves at
                                            the request of the Company, 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 such director,
                                            officer, trustee, partner, manager, managing member, fiduciary, employee or agent under such
                                            policy or policies. If, at the time the Company receives notice from any source of a Proceeding
                                            as to which Indemnitee is a party or a participant (as a witness, deponent or otherwise),
                                            the Company has director and officer liability insurance in effect, the Company shall give
                                            prompt notice of such Proceeding to the insurers in accordance with the procedures set forth
                                            in the respective policies. The Company shall thereafter take all necessary or desirable
                                            action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as
                                            a result of such Proceeding in accordance with the terms of such policies.

 

		(d)	In
                                            the event of any payment under this Agreement, the Company shall be subrogated to the extent
                                            of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers
                                            required and take all action necessary to secure such rights, including execution of such
                                            documents as are necessary to enable the Company to bring suit to enforce such rights. No
                                            such payment by the Company shall be deemed to relieve any insurer of its obligations.

 

		(e)	The
                                            Company’s obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder
                                            to Indemnitee who is or was serving at the request of the Company as a director, officer,
                                            trustee, partner, managing member, fiduciary, employee or agent of any other Enterprise shall
                                            be reduced by any amount Indemnitee has actually received as indemnification, hold harmless
                                            or exoneration payments or advancement of expenses from such Enterprise. Notwithstanding
                                            any other provision of this Agreement to the contrary except for Section 27, (i) the Indemnitee
                                            shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification,
                                            hold harmless, exoneration, advancement, contribution or insurance coverage among multiple
                                            parties possessing such duties to Indemnitee prior to the Company’s satisfaction and
                                            performance of all its obligations under this Agreement, and (ii) the Company shall perform
                                            fully its obligations under this Agreement without regard to whether Indemnitee holds, may
                                            pursue or has pursued any indemnification, advancement, hold harmless, exoneration, contribution
                                            or insurance coverage rights against any person or entity other than the Company.

 

		(f)	Notwithstanding
                                            anything contained herein, the Company is the primary indemnitor, and any indemnification
                                            or advancement obligation of the Underwriter, its affiliates or any other Person is secondary.

 

		17.	DURATION
                                            OF AGREEMENT. All agreements and obligations of the Company contained herein shall continue
                                            during the period Indemnitee serves as a director or officer of the Company or as a director,
                                            officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any
                                            other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise
                                            which Indemnitee serves at the request of the Company and shall continue thereafter so long
                                            as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal
                                            thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of this Agreement)
                                            by reason of his Corporate Status, whether or not he is acting in any such capacity at the
                                            time any liability or expense is incurred for which indemnification or advancement can be
                                            provided under this Agreement.

 

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		18.	SEVERABILITY.
                                            If any provision or provisions of this Agreement shall be held to be invalid, illegal or
                                            unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of
                                            the remaining provisions of this Agreement (including, without limitation, each portion of
                                            any Section, paragraph or sentence of this Agreement containing any such provision held to
                                            be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable)
                                            shall not in any way be affected or impaired thereby and shall remain enforceable to the
                                            fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed
                                            to the extent necessary to conform to applicable law and to give the maximum effect to the
                                            intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this
                                            Agreement (including, without limitation, each portion of any Section, paragraph or sentence
                                            of this Agreement containing any such provision held to be invalid, illegal or unenforceable,
                                            that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect
                                            to the intent manifested thereby.

 

		19.	ENFORCEMENT
                                            AND BINDING EFFECT.

 

		(a)	The
                                            Company expressly confirms and agrees that it has entered into this Agreement and assumed
                                            the obligations imposed on it hereby in order to induce Indemnitee to serve as a director,
                                            officer or key employee of the Company, and the Company acknowledges that Indemnitee is relying
                                            upon this Agreement in serving as a director, officer or key employee of the Company.

 

		(b)	Without
                                            limiting any of the rights of Indemnitee under the Charter or Bylaws as they may be amended
                                            from time to time, this Agreement constitutes the entire agreement between the parties hereto
                                            with respect to the subject matter hereof and supersedes all prior agreements and understandings,
                                            oral, written and implied, between the parties hereto with respect to the subject matter
                                            hereof.

 

		(c)	The
                                            indemnification, hold harmless, exoneration and advancement of expenses rights provided by
                                            or granted pursuant to this Agreement shall be binding upon and be enforceable by the parties
                                            hereto and their respective successors and assigns (including any direct or indirect successor
                                            by purchase, merger, consolidation or otherwise to all or substantially all of the business
                                            or assets of the Company), shall continue as to an Indemnitee who has ceased to be a director,
                                            officer, employee or agent of the Company or a director, officer, trustee, general partner,
                                            manager, managing member, fiduciary, employee or agent of any other Enterprise at the Company’s
                                            request, and shall inure to the benefit of Indemnitee and his or her spouse, assigns, heirs,
                                            devisees, executors and administrators and other legal representatives.

 

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		(d)	The
                                            Company shall require and cause any successor (whether direct or indirect by purchase, merger,
                                            consolidation or otherwise) to all, substantially all or a substantial part, of the business
                                            and/or assets of the Company, by written agreement in form and substance satisfactory to
                                            the Indemnitee, expressly to assume and agree to perform this Agreement in the same manner
                                            and to the same extent that the Company would be required to perform if no such succession
                                            had taken place.

 

		(e)	The
                                            Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement,
                                            at some later date, may be inadequate, impracticable and difficult of proof, and further
                                            agree that such breach may cause Indemnitee irreparable harm. Accordingly, the parties hereto
                                            agree that Indemnitee may enforce this Agreement by seeking, among other things, injunctive
                                            relief and/or specific performance hereof, without any necessity of showing actual damage
                                            or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee
                                            shall not be precluded from seeking or obtaining any other relief to which he or she may
                                            be entitled. The Company and Indemnitee further agree that Indemnitee shall be entitled to
                                            such specific performance and injunctive relief, including temporary restraining orders,
                                            preliminary injunctions and permanent injunctions, without the necessity of posting bonds
                                            or other undertakings in connection therewith. The Company acknowledges that in the absence
                                            of a waiver, a bond or undertaking may be required of Indemnitee by the Delaware Court, and
                                            the Company hereby waives any such requirement of such a bond or undertaking.

 

		20.	MODIFICATION
                                            AND WAIVER. 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 be deemed or shall constitute a waiver of any other provisions of this Agreement
                                            nor shall any waiver constitute a continuing waiver.

 

		21.	NOTICES.
                                            All notices, requests, demands and other communications under this Agreement shall be in
                                            writing and shall be deemed to have been duly given (i) if delivered by hand and receipted
                                            for by the party to whom said notice or other communication shall have been directed, or
                                            (ii) if mailed by certified or registered mail with postage prepaid, on the third (3rd) business
                                            day after the date on which it is so mailed:

 

		(a)	If
                                            to Indemnitee, at the address indicated on the signature page of this Agreement, or such
                                            other address as Indemnitee shall provide in writing to the Company.

 

		(b)	If
                                            to the Company, to:

 

Welsbach
Technology Metals Acquisition Corp.

160
S Craig Place

Lombard,
Illinois 60148

Attn:
Daniel Mamadou, Chief Executive Officer

Email:
daniel@welsbach.sg

 

or
to any other address as may have been furnished to Indemnitee in writing by the Company.

 

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		22.	APPLICABLE
                                            LAW AND CONSENT TO JURISDICTION. This Agreement and the legal relations among the parties
                                            shall be governed by, and construed and enforced in accordance with, the laws of the State
                                            of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration
                                            commenced by Indemnitee pursuant to Section 14(a) of this Agreement, the Company and Indemnitee
                                            hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out
                                            of or in connection with this Agreement shall be brought only in the Delaware Court and not
                                            in any other state or federal court in the United States of America or any court in any other
                                            country; (b) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes
                                            of any action or proceeding arising out of or in connection with this Agreement; (c) waive
                                            any objection to the laying of venue of any such action or proceeding in the Delaware Court;
                                            and (d) waive, and agree not to plead or to make, any claim that any such action or proceeding
                                            brought in the Delaware Court has been brought in an improper or inconvenient forum, or is
                                            subject (in whole or in part) to a jury trial.

 

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

 

		24.	MISCELLANEOUS.
                                            Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where
                                            appropriate. The headings of the paragraphs of this Agreement are inserted for convenience
                                            only and shall not be deemed to constitute part of this Agreement or to affect the construction
                                            thereof.

 

		25.	PERIOD
                                            OF LIMITATIONS. No legal action shall be brought and no cause of action shall be asserted
                                            by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors
                                            or personal or legal representatives after the expiration of two years from the date of accrual
                                            of such cause of action, and any claim or cause of action of the Company shall be extinguished
                                            and deemed released unless asserted by the timely filing of a legal action within such two-year
                                            period; provided, however, that if any shorter period of limitations is otherwise applicable
                                            to any such cause of action such shorter period shall govern.

 

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		26.	ADDITIONAL
                                            ACTS. If, for the validation of any of the provisions in this Agreement any act, resolution,
                                            approval or other procedure is required, the Company undertakes to cause such act, resolution,
                                            approval or other procedure to be affected or adopted in a manner that will enable the Company
                                            to fulfill its obligations under this Agreement.

 

		27.	WAIVER
                                            OF CLAIMS TO TRUST ACCOUNT. Notwithstanding anything to the contrary contained herein,
                                            Indemnitee hereby agrees that he or she does not have any right, title, interest or claim
                                            of any kind (each, a “Claim”) in or to any monies in the trust account established
                                            in connection with the Company’s initial public offering for the benefit of the Company
                                            and holders of shares issued in such offering, and hereby waives any Claim he or she 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 such trust account for any reason whatsoever. For purposes
                                            of clarity, Indemnitee acknowledges and agrees that no monies held in the Trust Account may
                                            be used to indemnify Indemnitee for any purpose whatsoever.

 

		28.	MAINTENANCE
                                            OF INSURANCE. The Company shall use commercially reasonable efforts to obtain and maintain
                                            in effect during the entire period for which the Company is obligated to indemnify the Indemnitee
                                            under this Agreement, one or more policies of insurance with reputable insurance companies
                                            to provide the officers/directors of the Company with coverage for losses from wrongful acts
                                            and omissions and to ensure the Company’s performance of its indemnification obligations
                                            under this Agreement. The 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 such director
                                            or officer under such policy or policies. In all such insurance policies, the Indemnitee
                                            shall be named as an insured in such a manner as to provide the Indemnitee with the same
                                            rights and benefits as are accorded to the most favorably insured of the Company’s
                                            directors and officers.

 

[Signatures
follow]

 

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IN
WITNESS WHEREOF, the parties hereto have caused this Indemnity Agreement to be signed as of the day and year first above written.

 

	 	WELSBACH TECHNOLOGY METALS ACQUISITION CORP.
	 	 
	 	By: 	
	 	Name:	                 
	 	Title:	 

 

	 	INDEMNITEE:
	 	 
	 	 

 

[Signature
page to Indemnity Agreement]

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