Document:

Exhibit 10.1

 

FORM OF EMPLOYMENT
AGREEMENT

 

This
EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of                      
, 20                      
by and between TuanChe Limited, a company incorporated
and existing under the laws of the Cayman Islands (the “Company”) and                      
([Passport/ID] Number                      
), an individual (the “Executive”).
The term “Company” as used herein with respect to all obligations of the Executive hereunder shall be deemed to include
the Company and all of its direct or indirect parent companies, subsidiaries, affiliates, or subsidiaries or affiliates of its
parent companies (collectively, the “Group”).

 

RECITALS

 

A.       
The Company desires to employ the Executive and to assure itself of the services of the Executive during the term of Employment
(as defined below).

 

B.       
The Executive desires to be employed by the Company during the term of Employment and under the terms and conditions of this Agreement.

 

AGREEMENT

 

The parties hereto
agree as follows:

 

		1.	POSITION

 

The
Executive hereby accepts a position of                      
(the “Employment”) of the Company.

 

		2.	TERM

 

Subject
to the terms and conditions of this Agreement, the initial term of the Employment shall be                      
years, commencing
on               , 20                     
 (the “Effective
Date”), until
                      
, 20                     
 unless terminated earlier pursuant to the terms of this Agreement. Upon expiration of the initial                      
-year term, the
Employment shall be automatically extended for successive one-year terms unless either party gives the other party
hereto a prior written notice to terminate the Employment prior to the expiration of such one-year term or unless
terminated earlier pursuant to the terms of this Agreement.

 

     

     

    

 

		3.	DUTIES AND RESPONSIBILITIES

 

The
Executive’s duties at the Company will include all jobs assigned by the Company’s Chief Executive Officer. If the Executive
is the Chief Executive Officer of the Company, the Executive’s duties will include all jobs assigned by the Board of Directors
of the Company (the “Board”).

 

The Executive shall devote all
of his/her working time, attention and skills to the performance of his/her duties at the Company and shall faithfully and diligently
serve the Company in accordance with this Agreement and the guidelines, policies and procedures of the Company approved from time
to time by the Board.

 

The Executive shall use his/her
best efforts to perform his/her duties hereunder. The Executive shall not, without the prior written consent of the Board, become
an employee of any entity other than the Company and any subsidiary or affiliate of the Company, and shall not be concerned or
interested in the business or entity that competes with that carried on by the Company (any such business or entity, a “Competitor”),
provided that nothing in this clause shall preclude the Executive from holding any shares or other securities of any Competitor
that is listed on any securities exchange or recognized securities market anywhere. The Executive shall notify the Company in writing
of his/her interest in such shares or securities in a timely manner and with such details and particulars as the Company may reasonably
require.

 

		4.	NO BREACH OF CONTRACT

 

The
Executive hereby represents to the Company that: (i) the execution and delivery of this Agreement by the Executive and the
performance by the Executive of the Executive’s duties hereunder shall not constitute a breach of, or otherwise contravene,
the terms of any other agreement or policy to which the Executive is a party or otherwise bound, except for agreements that are
required to be entered into by and between the Executive and any member of the Group pursuant to applicable law of the jurisdiction
where the Executive is based, if any; (ii) that the Executive has no information (including, without limitation, confidential
information and trade secrets) relating to any other person or entity which would prevent, or be violated by, the Executive entering
into this Agreement or carrying out his/her duties hereunder; and (iii) that the Executive is not bound by any confidentiality,
trade secret or similar agreement (other than this) with any other person or entity except for other member(s) of the Group, as
the case may be.

 

     

     

    

 

		5.	LOCATION

 

The
Executive will be based in                      
, China or any other location as requested by the Company during the term of this Agreement.

 

		6.	COMPENSATION AND BENEFITS

 

		a)	Cash Compensation. The Executive’s
cash compensation (inclusive of the statutory welfare reserves that the Company is required to set aside for the Executive under
applicable law) shall be provided by the Company pursuant to Schedule A hereto, subject to annual review and adjustment
by the Company or the compensation committee of the Board (or the Board itself, before the formation of the compensation committee).

 

		b)	Equity Incentives. To the extent the
Company adopts and maintains a share incentive plan, the Executive will be eligible for participating in such plan pursuant to
the terms thereof as determined by the Company.

 

		c)	Benefits. The Executive is eligible for participation
in any standard employee benefit plan of the Company that currently exists or may be adopted by the Company in the future, including,
but not limited to, any retirement plan, and travel/holiday policy.

 

		7.	TERMINATION OF THE AGREEMENT

 

		a)	By the Company. The Company may terminate
the Employment for cause, at any time, without advance notice or remuneration, if (i) the Executive is convicted or pleads
guilty to a felony or to an act of fraud, misappropriation or embezzlement, (ii) the Executive has been negligent or acted
dishonestly to the detriment of the Company, (iii) the Executive has engaged in actions amounting to misconduct or failed
to perform his/her duties hereunder and such failure continues after the Executive is afforded a reasonable opportunity to cure
such failure, (iv) the Executive has died, or (v) the Executive has a disability which shall mean a physical or mental
impairment which, as reasonably determined by the Board, renders the Executive unable to perform the essential functions of his/her
employment with the Company, even with reasonable accommodation that does not impose an undue hardship on the Company, for more
than 180 days in any 12-month period, unless a longer period is required by applicable law, in which case that longer
period would apply.

 

     

     

    

 

In
addition, the Company may terminate the Employment without cause, at any time, upon one-month prior written notice to
the Executive. Upon termination without cause, the Company shall provide the Executive with a severance payment in cash in an amount
equal to the Executive’s 3-month salary at the then current rate. Under such circumstance, the Executive agrees not to make
any further claims for compensation for loss of office, accrued remuneration, fees, wrongful dismissal or any other claim whatsoever
against the Company or its subsidiaries or the respective officers or employees of any of them.

 

		b)	By the Executive. If there is a material
and substantial reduction in the Executive’s existing authority and responsibilities, the Executive may resign upon one-month prior
written notice to the Company. In addition, the Executive may resign prior to the expiration of the Agreement if such resignation
is approved by the Board or an alternative arrangement with respect to the Employment is agreed to by the Board.

 

		c)	Notice of Termination. Any termination of
the Executive’s employment under this Agreement shall be communicated by written notice of termination from the terminating
party to the other party. The notice of termination shall indicate the specific provision(s) of this Agreement relied upon in effecting
the termination.

 

		8.	CONFIDENTIALITY AND NONDISCLOSURE

 

		a)	Confidentiality and Non-disclosure. In
the course of the Executive’s services, the Executive may have access to the Company and/or the Company’s customer/supplier’s
and/or prospective customer/supplier’s trade secrets and confidential information, including but not limited to those embodied
in memoranda, manuals, letters or other documents, computer disks, tapes or other information storage devices, hardware, or other
media or vehicles, pertaining to the Company and/or the Company’s customer/supplier’s and/or prospective customer/supplier’s
business. All such trade secrets and confidential information are considered confidential. All materials containing any such trade
secret and confidential information are the property of the Company and/or the Company’s customer/supplier and/or prospective
customer/supplier, and shall be returned to the Company and/or the Company’s customer/supplier and/or prospective customer/supplier
upon expiration or earlier termination of this Agreement. The Executive shall not directly or indirectly disclose or use any such
trade secret or confidential information, except as required in the performance of the Executive’s duties in connection with
the Employment, or pursuant to applicable law.

 

     

     

    

 

		b)	Trade Secrets. During and after the Employment, the Executive shall hold the Trade
Secrets in strict confidence; the Executive shall not disclose these Trade Secrets to anyone except other employees of the Company
who have a need to know the Trade Secrets in connection with the Company’s business. The Executive shall not use the Trade
Secrets other than for the benefits of the Company.

 

“Trade
Secrets” means information deemed confidential by the Company, treated by the Company or which the Executive know or
ought reasonably to have known to be confidential, and trade secrets, including without limitation designs, processes, pricing
policies, methods, inventions, conceptions, technology, technical data, financial information, corporate structure and know-how, relating
to the business and affairs of the Company and its subsidiaries, affiliates and business associates, whether embodied in memoranda,
manuals, letters or other documents, computer disks, tapes or other information storage devices, hardware, or other media or vehicles.
Trade Secrets do not include information generally known or released to public domain through no fault of yours.

 

		c)	Former Employer Information. The Executive
agrees that he or she has not and will not, during the term of his/her employment, (i) improperly use or disclose any proprietary
information or trade secrets of any former employer or other person or entity with which the Executive has an agreement or duty
to keep in confidence information acquired by Executive, if any, or (ii) bring into the premises of Company any document or
confidential or proprietary information belonging to such former employer, person or entity unless consented to in writing by such
former employer, person or entity. The Executive will indemnify the Company and hold it harmless from and against all claims, liabilities,
damages and expenses, including reasonable attorneys’ fees and costs of suit, arising out of or in connection with any violation
of the foregoing.

 

		d)	Third Party Information. The Executive recognizes
that the Company may have received, and in the future may receive, from third parties their confidential or proprietary information
subject to a duty on the Company’s part to maintain the confidentiality of such information and to use it only for certain
limited purposes. The Executive agrees that the Executive owes the Company and such third parties, during the Executive’s
employment by the Company and thereafter, a duty to hold all such confidential or proprietary information in the strictest confidence
and not to disclose it to any person or firm and to use it in a manner consistent with, and for the limited purposes permitted
by, the Company’s agreement with such third party.

 

This
Section 8 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 8,
the Company shall have right to seek remedies permissible under applicable law.

 

		9.	INVENTIONS

 

		a)	Inventions Retained and Licensed. The Executive
has attached hereto, as Schedule B, a list describing all inventions, ideas, improvements, designs and discoveries,
whether or not patentable and whether or not reduced to practice, original works of authorship and trade secrets made or conceived
by or belonging to the Executive (whether made solely by the Executive or jointly with others) that (i) were developed by
Executive prior to the Executive’s employment by the Company (collectively, “Prior Inventions”), (ii)
relate to the Company’ actual or proposed business, products or research and development, and (iii) are not assigned
to the Company hereunder; or, if no such list is attached, the Executive represents that there are no such Prior Inventions. Except
to the extent set forth in Schedule B, the Executive hereby acknowledges that, if in the course of his/her service
for the Company, the Executive incorporates into a Company product, process or machine a Prior Invention owned by the Executive
or in which he has an interest, the Company is hereby granted and shall have a nonexclusive, royalty-free, irrevocable, perpetual,
worldwide right and license (which may be freely transferred by the Company to any other person or entity) to make, have made,
modify, use, sell, sublicense and otherwise distribute such Prior Invention as part of or in connection with such product, process
or machine.

 

     

     

    

 

		b)	Disclosure and Assignment of Inventions. The
Executive understands that the Company engages in research and development and other activities in connection with its business
and that, as an essential part of the Employment, the Executive is expected to make new contributions to and create inventions
of value for the Company.

 

From
and after the Effective Date, the Executive shall disclose in confidence to the Company all inventions, improvements, designs,
original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works and
trade secrets (collectively, the “Inventions”), which the Executive may solely or jointly conceive or develop
or reduce to practice, or cause to be conceived or developed or reduced to practice, during the period of the Executive’s
Employment at the Company. The Executive acknowledges that copyrightable works prepared by the Executive within the scope of and
during the period of the Executive’s Employment with the Company are “works for hire” and that the Company will
be considered the author thereof. The Executive agrees that all the Inventions shall be the sole and exclusive property of the
Company and the Executive hereby assign all his/her right, title and interest in and to any and all of the Inventions to the Company
or its successor in interest without further consideration.

 

		c)	Patent and Copyright Registration. The Executive
agrees to assist the Company in every proper way to obtain for the Company and enforce patents, copyrights, mask work rights, trade
secret rights, and other legal protection for the Inventions. The Executive will execute any documents that the Company may reasonably
request for use in obtaining or enforcing such patents, copyrights, mask work rights, trade secrets and other legal protections.
The Executive’s obligations under this paragraph will continue beyond the termination of the Employment with the Company,
provided that the Company will reasonably compensate the Executive after such termination for time or expenses actually spent by
the Executive at the Company’s request on such assistance. The Executive appoints the Secretary of the Company as the Executive’s attorney-in-fact to
execute documents on the Executive’s behalf for this purpose.

 

		d)	Return of Confidential Material. In the event
of the Executive’s termination of employment with the Company for any reason whatsoever, Executive agrees promptly to surrender
and deliver to the Company all records, materials, equipment, drawings, documents and data of any nature pertaining to any confidential
information or to his/her employment, and Executive will not retain or take with him or her any tangible materials or electronically
stored data, containing or pertaining to any confidential information that Executive may produce, acquire or obtain access to during
the course of his/her employment.

 

This Section 9 shall
survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 9, the Company
shall have right to seek remedies permissible under applicable law.

 

		10.	CONFLICTING EMPLOYMENT.

 

The
Executive hereby agrees that, during the term of his/her employment with the Company, he will not engage in any other employment,
occupation, consulting or other business activity related to the business in which the Company is now involved or becomes involved
during the term of the Executive’s employment, nor will the Executive engage in any other activities that conflict with his/her
obligations to the Company without the prior written consent of the Company.

 

     

     

    

 

		11.	NON-COMPETITION AND NON-SOLICITATION

 

In
consideration of the compensation provided to the Executive by the Company hereunder, the adequacy of which is hereby acknowledged
by the parties hereto, the Executive agree that during the term of the Employment and for a period of two years
following the termination of the Employment for whatever reason:

 

		a)	The Executive will not approach clients, customers or contacts
of the Company or other persons or entities introduced to the Executive in the Executive’s capacity as a representative of
the Company for the purposes of doing business with such persons or entities which will harm the business relationship between
the Company and such persons and/or entities;

 

		b)	unless expressly consented to by the Company, the Executive
will not assume employment with or provide services as a director or otherwise for any Competitor, or engage, whether as principal,
partner, licensor or otherwise, in any Competitor; and

 

		c)	unless expressly consented to by the Company, the Executive
will not seek directly or indirectly, by the offer of alternative employment or other inducement whatsoever, to solicit the services
of any employee of the Company employed as at or after the date of such termination, or in the year preceding such termination.

 

The
provisions contained in Section 11 are considered reasonable by the Executive and the Company. In the event that any such
provisions should be found to be void under applicable laws but would be valid if some part thereof was deleted or the period or
area of application reduced, such provisions shall apply with such modification as may be necessary to make them valid and effective.

 

     

     

    

 

This
Section 11 shall survive the termination of this Agreement for any reason. In the event the Executive breaches this Section 11,
the Executive acknowledges that there will be no adequate remedy at law, and the Company shall be entitled to injunctive relief
and/or a decree for specific performance, and such other relief as may be proper (including monetary damages if appropriate). In
any event, the Company shall have right to seek all remedies permissible under applicable law.

 

		12.	WITHHOLDING TAXES

 

Notwithstanding
anything else herein to the contrary, the Company may withhold (or cause there to be withheld, as the case may be) from any amounts
otherwise due or payable under or pursuant to this Agreement such national, provincial, local or any other income, employment,
or other taxes as may be required to be withheld pursuant to any applicable law or regulation.

 

		13.	ASSIGNMENT

 

This
Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer
this Agreement or any rights or obligations hereunder; provided, however, that (i) the Company may assign or transfer this
Agreement or any rights or obligations hereunder to any member of the Group without such consent, and (ii) in the event of
a merger, consolidation, or transfer or sale of all or substantially all of the assets of the company with or to any other individual(s)
or entity, this Agreement shall, subject to the provisions hereof, be binding upon and inure to the benefit of such successor and
such successor shall discharge and perform all the promises, covenants, duties, and obligations of the Company hereunder.

 

		14.	SEVERABILITY

 

If
any provision of this Agreement or the application thereof is held invalid, the invalidity shall not affect other provisions or
applications of this Agreement which can be given effect without the invalid provisions or applications and to this end the provisions
of this Agreement are declared to be severable.

 

     

     

    

 

		15.	ENTIRE AGREEMENT

 

This
Agreement constitutes the entire agreement and understanding between the Executive and the Company regarding the terms of the Employment
and supersedes all prior or contemporaneous oral or written agreements concerning such subject matter. The Executive acknowledges
that he has not entered into this Agreement in reliance upon any representation, warranty or undertaking which is not set forth
in this Agreement. Any amendment to this Agreement must be in writing and signed by the Executive and the Company.

 

		16.	GOVERNING LAW

 

This
Agreement shall be governed by and construed in accordance with the law of the State of New York, USA, without regard to the conflicts
of law principles.

 

		17.	AMENDMENT

 

This
Agreement may not be amended, modified or changed (in whole or in part), except by a formal, definitive written agreement expressly
referring to this Agreement, which agreement is executed by both of the parties hereto.

 

		18.	WAIVER

 

Neither
the failure nor any delay on the part of a party to exercise any right, remedy, power or privilege under this Agreement shall operate
as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude any other or further
exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power or privilege
with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege with respect to any other occurrence.
No waiver shall be effective unless it is in writing and is signed by the party asserted to have granted such waiver.

 

     

     

    

 

		19.	NOTICES

 

All
notices, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall be
deemed to have been duly given and made if (i) delivered by hand, (ii) otherwise delivered against receipt therefor,
(iii) sent by a recognized courier with next-day or second-day delivery to the last known address of the
other party; or (iv) sent by e-mail with confirmation of receipt.

 

		20.	COUNTERPARTS

 

This
Agreement may be executed in any number of counterparts, each of which shall be deemed an original as against any party whose signature
appears thereon, and all of which together shall constitute one and the same instrument. This Agreement shall become binding when
one or more counterparts hereof, individually or taken together, shall bear the signatures of all of the parties reflected hereon
as the signatories. Photographic copies of such signed counterparts may be used in lieu of the originals for any purpose.

 

		21.	NO INTERPRETATION AGAINST DRAFTER

 

Each
party recognizes that this Agreement is a legally binding contract and acknowledges that such party has had the opportunity to
consult with legal counsel of choice. In any construction of the terms of this Agreement, the same shall not be construed against
either party on the basis of that party being the drafter of such terms.

 

 

 

[Remainder
of this page intentionally has been intentionally left blank.]

 

     

     

    

 

IN WITNESS
WHEREOF, this Agreement has been executed as of the date first written above.

  

 

	 	

TuanChe
Limited
	 	 
	 	 
	 	By: _____________________________
	 	Name:           
	 	Title:
	 	 
	 	 
	 	Executive
	 	 
	 	 
	 	Signature:
	 	Name:

  

     

     

    

 

Schedule
A

 

Cash Compensation

 

	 	 	 	 	 	 	 	 	 
	 	 	Amount	 	 	Pay Period	 
	Base Salary	 	 	 	 	 	 	 	 
	Cash Bonus	 	 	 	 	 	 	 	 

 

     

     

    

 

Schedule
B

 

List of Prior
Inventions

 

	Title	 	Date	 	
        Identifying Number

        or Brief Description

	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

 

 

 

	 
	
         

         

                    
        No inventions or improvements

         

                    
        Additional Sheets Attached

         

        Signature of Executive:                     

         

        Print Name of Executive:                     

         

        Date:Exhibit 10.2

 

FORM OF DIRECTOR AND EXECUTIVE
OFFICER INDEMNIFICATION AGREEMENT

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made as of ____________, by and between TuanChe Limited, an exempted company duly incorporated
and validly existing under the law of the Cayman Islands (the “Company”), and __________ (the “Indemnitee”),
a director/an executive officer of the Company.

 

WHEREAS, the Indemnitee
has agreed to serve as a director/an executive officer of the Company and in such capacity will render valuable services to the
Company; and

 

WHEREAS, in order to
induce and encourage highly experienced and capable persons such as the Indemnitee to serve as directors/executive officers of
the Company, the board of directors of the Company (the “Board of Directors”) has determined that this Agreement is
not only reasonable and prudent, but necessary to promote and ensure the best interests of the Company and its shareholders;

 

NOW, THEREFORE, in
consideration of the premises and mutual agreements hereinafter set forth, and other good and valuable consideration, including,
without limitation, the service of the Indemnitee, the receipt of which hereby is acknowledged, and in order to induce the Indemnitee
to serve as a director/an executive officer of the Company, the Company and the Indemnitee hereby agree as follows:

 

		1.	Definitions. As used in this Agreement:

 

(a)       “Change
in Control” shall mean a change in control of the Company of a nature that would be required to be reported in response
to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar or successor schedule or form)
promulgated under the United States Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder
(collectively, the “Act”), whether or not the Company is then subject to such reporting requirement; provided,
however, that, without limitation, such a Change in Control shall be deemed to have occurred (irrespective of the applicability
of the initial clause of this definition) if (i) any “person” (as such term is used in Sections 13(d) and 14(d) of
the Act, but excluding any trustee or other fiduciary holding securities pursuant to an employee benefit or welfare plan or employee
share plan of the Company or any subsidiary of the Company, or any entity organized, appointed, established or holding securities
of the Company with voting power for or pursuant to the terms of any such plan) becomes the “beneficial owner” (as
defined in Rule 13d-3 under the Act), directly or indirectly, of securities of the Company representing 30% or more of the combined
voting power of the Company’s then outstanding securities without the prior approval of at least two-thirds of the Continuing
Directors (as defined below) in office immediately prior to such person’s attaining such interest; (ii) the Company is a
party to a merger, consolidation, scheme of arrangement, sale of assets or other reorganization, or a proxy contest, as a consequence
of which Continuing Directors in office immediately prior to such transaction or event constitute less than a majority of the Board
of Directors of the Company (or any successor entity) thereafter; or (iii) during any period of two (2) consecutive years, individuals
who at the beginning of such period constituted the Board of Directors of the Company (including for this purpose any new director
whose election or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of
the directors then still in office who were directors at the beginning of such period) (such directors being referred to herein
as “Continuing Directors”) cease for any reason to constitute at least a majority of the Board of Directors
of the Company.

 

    		- 1 -	 

     

    

 

(b)       “Disinterested
Director” with respect to any request by the Indemnitee for indemnification or advancement of expenses hereunder shall
mean a director of the Company who neither is nor was a party to the Proceeding (as defined below) in respect of which indemnification
or advancement is being sought by the Indemnitee.

 

(c)       The
term “Expenses” shall mean, without limitation, expenses of Proceedings, including attorneys’ fees, disbursements
and retainers, accounting and witness fees, expenses related to preparation for service as a witness and to service as a witness,
travel and deposition costs, expenses of investigations, judicial or administrative proceedings and appeals, amounts paid in settlement
of a Proceeding by or on behalf of the Indemnitee, costs of attachment or similar bonds, any expenses of attempting to establish
or establishing a right to indemnification or advancement of expenses, under this Agreement, the Company’s Memorandum of
Association and Articles of Association as currently in effect (the “Articles”), applicable law or otherwise,
and reasonable compensation for time spent by the Indemnitee in connection with the investigation, defense or appeal of a Proceeding
or action for indemnification for which the Indemnitee is not otherwise compensated by the Company or any third party. The term
 “Expenses” shall not include the amount of judgments, fines, interest or penalties, or excise taxes assessed with respect
to any employee benefit or welfare plan, which are actually levied against or sustained by the Indemnitee to the extent sustained
after final adjudication.

 

(d)       The
term “Independent Legal Counsel” shall mean any firm of attorneys reasonably selected by the Board of Directors
of the Company, so long as such firm has not represented the Company, the Company’s subsidiaries or affiliates, the Indemnitee,
any entity controlled by the Indemnitee, or any party adverse to the Company, within the preceding five (5) years. Notwithstanding
the foregoing, the term “Independent Legal Counsel” shall not include any person who, under applicable standards of
professional conduct then prevailing, would have a conflict of interest in representing either the Company or the Indemnitee in
an action to determine the Indemnitee’s right to indemnification or advancement of expenses under this Agreement, the Company’s
Articles, applicable law or otherwise.

 

(e)       The
term “Proceeding” shall mean any threatened, pending or completed action, suit, arbitration, alternate dispute
resolution mechanism, or other proceeding (including, without limitation, an appeal therefrom), formal or informal, whether brought
in the name of the Company or otherwise, whether of a civil, criminal, administrative or investigative nature, and whether by,
in or involving a court or an administrative, other governmental or private entity or body (including, without limitation, an investigation
by the Company or its Board of Directors), by reason of (i) the fact that the Indemnitee is or was a director/an executive officer
of the Company, or is or was serving at the request of the Company as an agent of another enterprise, whether or not the Indemnitee
is serving in such capacity at the time any liability or expense is incurred for which indemnification or reimbursement is to be
provided under this Agreement, (ii) any actual or alleged act or omission or neglect or breach of duty, including, without limitation,
any actual or alleged error or misstatement or misleading statement, which the Indemnitee commits or suffers while acting in any
such capacity, or (iii) the Indemnitee attempting to establish or establishing a right to indemnification or advancement of expenses
pursuant to this Agreement, the Company’s Articles, applicable law or otherwise.

 

    		- 2 -	 

     

    

 

(f)       The
phrase “serving at the request of the Company as an agent of another enterprise” or any similar terminology
shall mean, unless the context otherwise requires, serving at the request of the Company as a director, officer, employee or agent
of another corporation, partnership, joint venture, limited liability company, trust, employee benefit or welfare plan or other
enterprise, foreign or domestic. The phrase “serving at the request of the Company” shall include, without limitation,
any service as a director/an executive officer of the Company which imposes duties on, or involves services by, such director/executive
officer with respect to the Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans,
such plan’s participants or beneficiaries or any other enterprise, foreign or domestic. In the event that the Indemnitee
shall be a director, officer, employee or agent of another corporation, partnership, joint venture, limited liability company,
trust, employee benefit or welfare plan or other enterprise, foreign or domestic, 50% or more of the ordinary shares, combined
voting power or total equity interest of which is owned by the Company or any subsidiary or affiliate thereof, then it shall be
presumed conclusively that the Indemnitee is so acting at the request of the Company.

 

2.             Services
by the Indemnitee. [For a director: The Indemnitee agrees to serve as a director of the Company under the terms of the Indemnitee’s
agreement with the Company for so long as the Indemnitee is duly elected or appointed or until such time as the Indemnitee tenders
a resignation in writing or is removed as a director; provided, however, that the Indemnitee may at any time and for any reason
resign from such position (subject to any other contractual obligation or other obligation imposed by operation of law).][For an
executive officer: The Indemnitee agrees to serve as an executive officer of the Company under the terms of the Indemnitee’s
agreement with the Company until such time as the Indemnitee’s employment is terminated for any reason.]

 

3.             Proceedings
By or In the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is a party to or threatened
to be made a party to or is otherwise involved in any Proceeding by or in the right of the Company to procure a judgment in its
favor by reason of the fact that the Indemnitee is or was a director/an executive officer of the Company, or is or was serving
at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest or penalties,
and excise taxes assessed with respect to any employee benefit or welfare plan, which are actually and reasonably incurred by the
Indemnitee in connection with the defense or settlement of such a Proceeding, to the fullest extent permitted by applicable law.

 

    		- 3 -	 

     

    

 

4.             Proceeding
Other Than a Proceeding By or In the Right of the Company. The Company shall indemnify the Indemnitee if the Indemnitee is
a party to or threatened to be made a party to or is otherwise involved in any Proceeding (other than a Proceeding by or in the
right of the Company), by reason of the fact that the Indemnitee is or was a director/an executive officer of the Company, or is
or was serving at the request of the Company as an agent of another enterprise, against all Expenses, judgments, fines, interest
or penalties, and excise taxes assessed with respect to any employee benefit or welfare plan, which are actually and reasonably
incurred by the Indemnitee in connection with such a Proceeding, to the fullest extent permitted by applicable law; provided, however,
that any settlement of a Proceeding must be approved in advance in writing by the Company (which approval shall not be unreasonably
withheld).

 

5.             Indemnification
for Costs, Charges and Expenses of Witness or Successful Party. Notwithstanding any other provision of this Agreement (except
as set forth in subparagraph 9(a) hereof), and without a requirement for determination as required by Paragraph 8 hereof, to the
extent that the Indemnitee (a) has prepared to serve or has served as a witness in any Proceeding in any way relating to (i) the
Company or any of the Company’s subsidiaries, affiliates, employee benefit or welfare plans or such plan’s participants
or beneficiaries or (ii) anything done or not done by the Indemnitee as a director/an executive officer of the Company or in connection
with serving at the request of the Company as an agent of another enterprise, or (b) has been successful in defense of any Proceeding
or in defense of any claim, issue or matter therein, on the merits or otherwise, including the dismissal of a Proceeding without
prejudice or the settlement of a Proceeding without an admission of liability, the Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by the Indemnitee in connection therewith to the fullest extent permitted by applicable
law.

 

6.             Partial
Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for
a portion of the Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit
or welfare plan, which are actually and reasonably incurred by the Indemnitee in the investigation, defense, appeal or settlement
of any Proceeding, but not, however, for the total amount of the Indemnitee’s Expenses, judgments, fines, interest or penalties,
or excise taxes assessed with respect to any employee benefit or welfare plan, then the Company shall nevertheless indemnify the
Indemnitee for the portion of such Expenses, judgments, fines, interest penalties or excise taxes to which the Indemnitee is entitled.

 

7.             Advancement
of Expenses. The Expenses incurred by the Indemnitee in any Proceeding shall be paid promptly by the Company in advance of
the final disposition of the Proceeding at the written request of the Indemnitee to the fullest extent permitted by applicable
law; provided, however, that the Indemnitee shall set forth in such request reasonable evidence that such Expenses have been incurred
by the Indemnitee in connection with such Proceeding, a statement that such Expenses do not relate to any matter described in subparagraph
9(a) of this Agreement, and an undertaking in writing to repay any advances if it is ultimately determined as provided in subparagraph
8(b) of this Agreement that the Indemnitee is not entitled to indemnification under this Agreement.

 

    		- 4 -	 

     

    

 

		8.	Indemnification Procedure; Determination of Right
to Indemnification.

 

(a)       Promptly
after receipt by the Indemnitee of notice of the commencement of any Proceeding, the Indemnitee shall, if a claim for indemnification
or advancement of Expenses in respect thereof is to be made against the Company under this Agreement, notify the Company of the
commencement thereof in writing. The omission to so notify the Company will not relieve the Company from any liability which the
Company may have to the Indemnitee under this Agreement unless the Company shall have lost significant substantive or procedural
rights with respect to the defense of any Proceeding as a result of such omission to so notify.

 

(b)       The
Indemnitee shall be conclusively presumed to have met the relevant standards of conduct, if any, as defined by applicable law,
for indemnification pursuant to this Agreement and shall be absolutely entitled to such indemnification, unless a determination
is made that the Indemnitee has not met such standards by (i) the Board of Directors by a majority vote of a quorum thereof consisting
of Disinterested Directors, (ii) the shareholders of the Company by majority vote of a quorum thereof consisting of shareholders
who are not parties to the Proceeding due to which a claim for indemnification is made under this Agreement, (iii) Independent
Legal Counsel as set forth in a written opinion (it being understood that such Independent Legal Counsel shall make such determination
only if the quorum of Disinterested Directors referred to in clause (i) of this subparagraph 8(b) is not obtainable or if the Board
of Directors of the Company by a majority vote of a quorum thereof consisting of Disinterested Directors so directs), or (iv) a
court of competent jurisdiction; provided, however, that if a Change of Control shall have occurred and the Indemnitee so requests
in writing, such determination shall be made only by a court of competent jurisdiction.

 

(c)       If
a claim for indemnification or advancement of Expenses under this Agreement is not paid by the Company within thirty (30) days
after receipt by the Company of written notice thereof, the rights provided by this Agreement shall be enforceable by the Indemnitee
in any court of competent jurisdiction. Such judicial proceeding shall be made de novo. The burden of proving that indemnification
or advances are not appropriate shall be on the Company. Neither the failure of the directors or shareholders of the Company or
Independent Legal Counsel to have made a determination prior to the commencement of such action that indemnification or advancement
of Expenses is proper in the circumstances because the Indemnitee has met the applicable standard of conduct, if any, nor an actual
determination by the directors or shareholders of the Company or Independent Legal Counsel that the Indemnitee has not met the
applicable standard of conduct shall be a defense to an action by the Indemnitee or create a presumption for the purpose of such
an action that the Indemnitee has not met the applicable standard of conduct. The termination of any Proceeding by judgment, order,
settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself (i) create a presumption
that the Indemnitee did not act in good faith and in a manner which he reasonably believed to be in the best interests of the Company
and/or its shareholders, and, with respect to any criminal Proceeding, that the Indemnitee had reasonable cause to believe that
his conduct was unlawful or (ii) otherwise adversely affect the rights of the Indemnitee to indemnification or advancement of Expenses
under this Agreement, except as may be provided herein.

 

    		- 5 -	 

     

    

 

(d)       If
a court of competent jurisdiction shall determine that the Indemnitee is entitled to any indemnification or advancement of Expenses
hereunder, the Company shall pay all Expenses actually and reasonably incurred by the Indemnitee in connection with such adjudication
(including, but not limited to, any appellate proceedings).

 

(e)       With
respect to any Proceeding for which indemnification or advancement of Expenses is requested, the Company will be entitled to participate
therein at its own expense and, except as otherwise provided below, to the extent that it may wish, the Company may assume the
defense thereof, with counsel reasonably satisfactory to the Indemnitee. After notice from the Company to the Indemnitee of its
election to assume the defense of a Proceeding, the Company will not be liable to the Indemnitee under this Agreement for any Expenses
subsequently incurred by the Indemnitee in connection with the defense thereof, other than as provided below. The Company shall
not settle any Proceeding in any manner which would impose any penalty or limitation on the Indemnitee without the Indemnitee’s
written consent. The Indemnitee shall have the right to employ his own counsel in any Proceeding, but the fees and expenses of
such counsel incurred after notice from the Company of its assumption of the defense of the Proceeding shall be at the expense
of the Indemnitee, unless (i) the employment of counsel by the Indemnitee has been authorized by the Company, (ii) the Indemnitee
shall have reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee in the conduct
of the defense of a Proceeding, or (iii) the Company shall not in fact have employed counsel to assume the defense of a proceeding,
in each of which cases the fees and expenses of the Indemnitee’s counsel shall be advanced by the Company. The Company shall
not be entitled to assume the defense of any Proceeding brought by or on behalf of the Company or as to which the Indemnitee has
reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee.

 

9.            Limitations
on Indemnification. No payments pursuant to this Agreement shall be made by the Company:

 

(a)       To
indemnify or advance funds to the Indemnitee for Expenses with respect to (i) Proceedings initiated or brought voluntarily by the
Indemnitee and not by way of defense, except with respect to Proceedings brought to establish or enforce a right to indemnification
under this Agreement or any other statute or law or otherwise as required under applicable law or (ii) Expenses incurred by the
Indemnitee in connection with preparing to serve or serving, prior to a Change in Control, as a witness in cooperation with any
party or entity who or which has threatened or commenced any action or proceeding against the Company, or any director, officer,
employee, trustee, agent, representative, subsidiary, parent corporation or affiliate of the Company, but such indemnification
or advancement of Expenses in each such case may be provided by the Company if the Board of Directors finds it to be appropriate;

 

    		- 6 -	 

     

    

 

(b)       To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any
employee benefit or welfare plan, and sustained in any Proceeding for which payment is actually made to the Indemnitee under a
valid and collectible insurance policy, except in respect of any excess beyond the amount of payment under such insurance;

 

(c)       To
indemnify the Indemnitee for any Expenses, judgments, fines, expenses or penalties sustained in any Proceeding for an accounting
of profits made from the purchase or sale by the Indemnitee of securities of the Company pursuant to the provisions of Section
16(b) of the Act or similar provisions of any foreign or United States federal, state or local statute or regulation;

 

(d)       To
indemnify the Indemnitee for any Expenses, judgments, fines, interest or penalties, or excise taxes assessed with respect to any
employee benefit or welfare plan, for which the Indemnitee is indemnified by the Company otherwise than pursuant to this Agreement;

 

(e)       To
indemnify the Indemnitee for any Expenses (including without limitation any Expenses relating to a Proceeding attempting to enforce
this Agreement), judgments, fines, interest or penalties, or excise taxes assessed with respect to any employee benefit or welfare
plan, on account of the Indemnitee’s conduct if such conduct shall be finally adjudged to have been knowingly fraudulent,
deliberately dishonest or willful misconduct, including, without limitation, breach of the duty of loyalty; or

 

(f)       If
a court of competent jurisdiction finally determines that any indemnification hereunder is unlawful. In this respect, the Company
and the Indemnitee have been advised that the U.S. Securities and Exchange Commission takes the position that indemnification for
liabilities arising under securities laws is against public policy and is, therefore, unenforceable.

 

10.          Continuation
of Indemnification. All agreements and obligations of the Company contained herein shall continue during the period that the
Indemnitee is a director/an executive officer of the Company (or is or was serving at the request of the Company as an agent of
another enterprise, foreign or domestic) and shall continue thereafter so long as the Indemnitee shall be subject to any possible
Proceeding by reason of the fact that the Indemnitee was a director/an executive officer of the Company or serving in any other
capacity referred to in this Paragraph 10.

 

11.          Indemnification
Hereunder Not Exclusive. The indemnification provided by this Agreement shall not be deemed to be exclusive of any other rights
to which the Indemnitee may be entitled under the Company’s Articles, any agreement, vote of shareholders or vote of Disinterested
Directors, provisions of applicable law, or otherwise, both as to action or omission in the Indemnitee’s official capacity
and as to action or omission in another capacity on behalf of the Company while holding such office.

 

    		- 7 -	 

     

    

 

		12.	Successors and Assigns.

 

(a)       This
Agreement shall be binding upon the Indemnitee, and shall inure to the benefit of, the Indemnitee and the Indemnitee’s heirs,
executors, administrators and assigns, whether or not the Indemnitee has ceased to be a director/an executive officer, and the
Company and its successors and assigns. Upon the sale of all or substantially all of the business, assets or share capital of the
Company to, or upon the merger of the Company into or with, any corporation, partnership, joint venture, trust or other person,
this Agreement shall inure to the benefit of and be binding upon both the Indemnitee and such purchaser or successor person. Subject
to the foregoing, this Agreement may not be assigned by either party without the prior written consent of the other party hereto.

 

(b)       If
the Indemnitee is deceased and is entitled to indemnification under any provision of this Agreement, the Company shall indemnify
the Indemnitee’s estate and the Indemnitee’s spouse, heirs, executors, administrators and assigns against, and the
Company shall, and does hereby agree to assume, any and all Expenses actually and reasonably incurred by or for the Indemnitee
or the Indemnitee’s estate, in connection with the investigation, defense, appeal or settlement of any Proceeding. Further,
when requested in writing by the spouse of the Indemnitee, and/or the Indemnitee’s heirs, executors, administrators and assigns,
the Company shall provide appropriate evidence of the Company’s agreement set out herein to indemnify the Indemnitee against
and to itself assume such Expenses.

 

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

 

14.          Severability.
Each and every paragraph, sentence, term and provision of this Agreement is separate and distinct so that if any paragraph, sentence,
term or provision thereof shall be held to be invalid, unlawful or unenforceable for any reason, such invalidity, unlawfulness
or unenforceability shall not affect the validity, unlawfulness or enforceability of any other paragraph, sentence, term or provision
hereof. To the extent required, any paragraph, sentence, term or provision of this Agreement may be modified by a court of competent
jurisdiction to preserve its validity and to provide the Indemnitee with the broadest possible indemnification permitted under
applicable law. The Company’s inability, pursuant to a court order or decision, to perform its obligations under this Agreement
shall not constitute a breach of this Agreement.

 

15.          Savings
Clause. If this Agreement or any paragraph, sentence, term or provision hereof is invalidated on any ground by any court of
competent jurisdiction, the Company shall nevertheless indemnify the Indemnitee as to any Expenses, judgments, fines, interest
or penalties, or excise taxes assessed with respect to any employee benefit or welfare plan, which are incurred with respect to
any Proceeding to the fullest extent permitted by any (a) applicable paragraph, sentence, term or provision of this Agreement that
has not been invalidated or (b) applicable law.

 

    		- 8 -	 

     

    

 

16.          Interpretation;
Governing Law. This Agreement shall be construed as a whole and in accordance with its fair meaning and any ambiguities shall
not be construed for or against either party. Headings are for convenience only and shall not be used in construing meaning. This
Agreement shall be governed and interpreted in accordance with the laws of the State of New York without regard to the conflict
of laws principles thereof.

 

17.          Amendments.
No amendment, waiver, modification, termination or cancellation of this Agreement shall be effective unless in writing signed by
the party against whom enforcement is sought. The indemnification rights afforded to the Indemnitee hereby are contract rights
and may not be diminished, eliminated or otherwise affected by amendments to the Company’s Articles, or by other agreements,
including directors’ and officers’ liability insurance policies, of the Company.

 

18.          Counterparts.
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall
become effective when one or more counterparts have been signed by each party and delivered to the other.

 

19.          Notices.
Any notice required to be given under this Agreement shall be directed to the Chief Financial Officer of the Company at 9F, Ruihai
Building, No. 21 Yangfangdian Road, Haidian District, Beijing 100038, People’s Republic of China, and to the Indemnitee at
________________________________ or to such other address as either shall designate to the other in writing.

 

[The remainder of this page is intentionally
left blank.]

 

    		- 9 -	 

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Indemnification Agreement as of the date first written above.

 

	INDEMNITEE	 
	 	 
	 	 
	Name: 	 

 

	TUANCHE LIMITED	 
	 	 
	By:	          	 
	 	 
	Name: 	 
	Title:	 

 

    		- 10 -

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