Document:

Exhibit 10.1

 

JENA

 

English Summary of a lease agreement dated January 15, 2008
(the Lease) by and between the BioCentiv GmbH (the Landlord) and InflaRx GmbH (the Tenant),
as amended by supplements to the Lease dated November 18, 2008; October 25, 2010, January 18, 2011, July 13, 2011, October 18,
2012, April 8, 2013, August 14, 2014, November 20, 2014, February 23, 2015, April 9, 2015 and April 15, 2015, , by and between
the Landlord and the Tenant, and as amended by supplements to the Lease dated December 21, 2015, April 27, 2016, November 3, 2016
and February 17, 2017, by and among Ernst – Abbe – Stiftung as landlord (the  New Landlord), Ernst –
Abbe – Project GmbH (the Service Provider) and the Tenant.

 

	 	•	 	Leased Property: the Tenant leases from the Landlord a) laboratory space, b) office space, c) parking garage spots, d) storage space, and e) outside, utility and ancillary items (together, the Premises), initially 39.34 square meters of laboratory areas, 21.17 square meters of office areas, no storage area, one parking garage spot and outside, utility and ancillary items in the Bioinstruments Center (Bioinstrumentzentrum).  The Premises were later extended or reduced in various addenda to cover different areas of the Bioinstruments Center (Bioinstrumentzentrum), with its address Winzerlaer Str. 2, 07745 Jena, in the categories a) through e) above.

 

	 	•	 	
        Term: The initial term started at January 16, 2008 and
        ended on December 31, 2008. The Tenant had the option to extend the Lease for another two years, to be executed subject to three
        months’ notice prior to the end of the term.

        

        The Lease was extended various times, most recently on February
        17, 2017 until December 31, 2019.

        

        The Landlord may terminate the Lease in the statutorily defined
        cases, in particular payment default, breach of contract and insolvency.

        

	 	 	 	 
	 	•	 	Parties: The New Landlord and the Service Provider have signed the amendments to the Lease dated April, 27, 2016, November 3, 2016 and February 17, 2017. 

 

	 	•	 	Deposit: The Tenant must provide a bank guarantee in the amount of EUR 1,000 for securing its obligations.

 

	 	•	 	Permitted Use: The permitted use is for the development, production and sale of therapeutic products in the area of acute infections.  The Tenant confirms that it is a small and medium-sized enterprise within the meaning of the European Commission definition and will inform the Landlord immediately of non-compliance with any element of that definition. 

 

	 	•	 	Sublease and Assignment of Rights: The Tenant is not allowed to sublease the Premises without written permission by the Landlord. The Tenant shall only assign its rights from the lease to third parties with prior written approval of the Landlord. 

 

	 	•	 	
        Rent: The initial monthly net rent was a) EUR
11.00 per square meter for laboratory space, b) EUR 7.00 per square meter for office space, c) EUR 30.00 per parking garage spot,
and d) EUR 5.00 per square meter for storage space. In addition, the Tenant is liable for all ancillary costs, and will initially
pay monthly ancillary cost arrears of EUR 400.00 (starting from 1 July 2008). In addition, the Tenant is liable to pay EUR 1.20
per square meter per leased space as a center lump sum. 

        Starting July 2008, the monthly payment was EUR 1,289.41. The
        monthly rent was adapted several times, most recently on February 17, 2017, to an amount of EUR 11,458.26 per month starting from
        February 2017 to the New Landlord, and EUR 875.10 to the Service Provider.

        

 

	 	•	 	Valorization: If the consumer price index for Germany changes by 10 points (with 2006 being the base of 100 points), then the rent will be so adjusted.
	 	 	 	 
	 	•	 	
        Insurances, Liability, Maintenance: The Landlord maintains
        insurance against fire, storm, hail and water damages, and the Tenant will reimburse the Landlord as part of the ancillary costs.
        The Tenant is required to immediately inform the Landlord of any damages.

        

        

        

 

     

     

    

 

	 	 	 	The Tenant is liable for any damages incurred by the Landlord on the Premises or other property of the Landlord which is culpably caused by the Tenant, its relatives, employees or visitors, and indemnifies the Landlord against any claims as a result of its business.  

 

The Tenant is obliged to maintain the Premises and to pay for running maintenance costs.

 

	 	•	 	Modifications to leased Premises: The Tenant is permitted to effect modifications to the leased premises only with the prior written approval of the Landlord. The Tenant and the Landlord will agree on the costs, reimbursement and potential obligations to build-back modifications. 

 

    2Exhibit 10.2

 

MÜNCHEN

 

English Summary of a lease agreement dated April 10, 2017
(the Lease) by and between the Immoprojekt Grundstücksverwaltungsgesellschaft mbh (the Landlord) and
InflaRx GmbH (the Tenant)

 

	 	•	 	Leased Property: the Tenant leases from the Landlord 148 square meters of souterrain space at the estate Semmelweisstraße 8, 82152 Planegg, House II (together, the Premises), as well a share on the communal areas.  The Lease also covers one parking spot, subject to a separate agreement attached as Annex 2 to the Lease. 

 

	 	•	 	
        Term: The term starts on April 15, 2107 and ends on June
        30, 2017. Thereafter, the Lease is extended by one month periods, unless one of the parties terminates subject to three weeks’
        notice.

         

        Both parties can terminate the Lease for cause.

        

 

	 	•	 	Deposit: The Tenant must provide a bank guarantee in the amount of EUR 5,000 for securing its obligations.

 

	 	•	 	Permitted Use: The permitted use is the use as office space. For a change of the permitted use, the Tenant requires the prior written approval of the Landlord.   

 

	 	•	 	Sublease: The Tenant is not allowed to sublease the Premises without written permission by the Landlord. 

 

	 	•	 	
        Rent: The monthly rent, starting from May 1, 2017, is
        EUR 2,150.33. The parties will review the rent after one year if one party requires a rent adjustment. The adjustment will be based
        on the consumer price index for Germany (at the beginning of the Lease).

         

        The Tenant is liable for all ancillary costs and will provide
        monthly arrears, subject to a defined ancillary cost calculation.

        

 

	 	•	 	Insurances, Maintenance: The Tenant shall maintain a business liability insurance. The Tenant is obliged to maintain the Premises and to pay for running maintenance costs.  The Landlord is obliged to keep the Premises in a usable state.

 

	 	•	 	Modifications to leased Premises: The Tenant is permitted to effect modifications to the leased premises only with the prior written approval of the Landlord 
	 	 	 	 
	 	•	 	
        Sublease agreement with ethris GmbH: The Tenant has also
        concluded a sub-lease agreement with ethris GmbH (the Sub-Lessor) in relation to 206 square meters of office space
        (the Sub-Lease Space 1), with an option for another 188 square meters of office space (the Sub-Lease Space
        2) in the estate Semmelweisstraße 8, 82152 Planegg (the Sub-Lease), the same building as the Lease.
        The Sub-Lessor is tenant of the Lessor with respect to the space subject to the Sub-Lease. The Lessor has approved the Sub-Lease.

         

        The terms of the Sub-Lease conform essentially with those of
        the Lease. With respect to the Sub-Lease Space 1, the Term starts on July 1, 2017 and lasts for 18 months until December 31, 2018.
        The term renews for 5 years unless terminated by either party subject to three months’ notice (such termination to be executed
        until September 30, 2018). Should the Tenant execute the option with respect to Sub-Lease Space 2, the Sub-Lease lasts until June
        30, 2022 for the entire space subject to the Sub-Lease, for which the Tenant has the option to extend the Sub-Lease once for a
        5 years period, subject to a 15 months’ notice prior termination of the Sub-Lease Space 2.

        

	 	 	 	 
		 	 	
        Current monthly rent for the Sub-Lease Space 1 is EUR 4,493.68,
        and monthly rent for the entire space subject to the Sub-Lease, after execution of the option for Sub-Lease Space 2, is EUR 8,685.57.
        The

        

 

 

     

     

    

 

	 	 	 	Sub-Lease is also subject to valorization based on the German consumer price index.

 

 

    2Exhibit 10.4

 

FORM
OF INDEMNIFICATION AGREEMENT

 

THIS
INDEMNIFICATION AGREEMENT (the “Agreement”) is made and entered into as of [               ] between InflaRx
N.V., a public company with limited liability (naamloze vennootschap) incorporated under the laws of the Netherlands (the
“Company”), and [               ] (“Indemnitee”).

 

WITNESSETH
THAT:

 

WHEREAS,
highly competent persons have become more reluctant to serve corporations as officers, directors 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 the corporation;

 

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 from certain liabilities. Although the furnishing of such insurance has been a customary
and widespread practice among 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;

 

WHEREAS,
the articles of association of the Company provide that the Company shall indemnify and advance expenses to all directors and
officers of the Company in the manner set forth therein and to the fullest extent permitted by applicable law. The articles of
association provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts
may be entered into between the Company and its directors, officers and other persons with respect to indemnification;

 

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 shareholders and other stakeholders 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, 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 indemnified; and

 

WHEREAS,
Indemnitee does not regard the protection available under the Company’s articles of association and insurance as
adequate in the present circumstances, and may not be willing to continue to serve as a director or an officer or in any other
capacity 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 be so indemnified.

 

NOW,
THEREFORE, in consideration of Indemnitee’s agreement to serve as an officer and/or a director from and after the date hereof,
the parties hereto agree as follows:

 

1.     Indemnification
of Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent permitted by law,
as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the generality
thereof:

 

(a)       Proceedings
Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided
in this Section l(a) if, by reason of his Corporate Status (as hereinafter defined), the Indemnitee is, or is threatened
to be made, a party to or participant in any Proceeding (as hereinafter defined) other than a Proceeding by or in the right of
the Company. Pursuant to this Section 1(a), Indemnitee shall be indemnified against all Expenses (as hereinafter defined),
judgments, penalties, fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection
with such Proceeding or any claim, issue or matter therein, if the Indemnitee acted in good faith and in a manner the Indemnitee
reasonably believed to be in or not opposed to the best interests of the Company, and with respect to any criminal Proceeding,
had no reasonable cause to believe the Indemnitee’s conduct was unlawful.

 

(b)       Proceedings
by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section
1(b) if, by reason of his Corporate Status, the Indemnitee is, or is threatened to be made, a party to or participant in any
Proceeding brought by or in the right of the Company. Pursuant to this Section 1(b), Indemnitee shall be indemnified against
all Expenses actually and reasonably incurred by the Indemnitee, or on the Indemnitee’s behalf, in connection with such
Proceeding if the Indemnitee acted in good faith and in a manner the Indemnitee reasonably believed to be in or not opposed to
the best interests of the Company; provided, however, if applicable law so provides, no indemnification against such Expenses
shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitee shall have been adjudged to be
liable to the Company unless and to the extent that the appropriate court of the Netherlands shall determine that such indemnification
may be made.

 

(c)       Indemnification
for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement, to the
fullest extent permitted by applicable law, to the extent that Indemnitee is, by reason of his Corporate Status, a party to 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, he shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all
Expenses actually and reasonably incurred by or on his behalf 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 Indemnitee against all Expenses
actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue or

 

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matter.
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.

 

(d)       The
Company’s indemnification obligations set forth in this Section 1 shall apply (i) in respect of Indemnitee’s past,
present and future service in any Corporate Status and (ii) regardless of whether Indemnitee is serving in any Corporate Status
at the time any such Expense or liability is incurred.

 

2.     Additional
Indemnity. In addition to, and without regard to any limitations on, the indemnification provided for in Section 1
of this Agreement, the Company shall and hereby does indemnify and hold harmless Indemnitee against all Expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him or on his behalf if, by reason of his Corporate Status,
he is, or is threatened to be made, a party to or participant in any Proceeding (including a Proceeding by or in the right of
the Company). The only limitation that shall exist upon the Company’s obligations pursuant to this Agreement shall be that
the Company shall not be obligated to make any payment to Indemnitee that is finally determined (under the procedures, and subject
to the presumptions, set forth in Sections 6 and 11 hereof) to be unlawful.

 

3.    Witness
Expenses. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his or her
Corporate Status, a witness in any Proceeding to which Indemnitee is not a party, he shall be indemnified against all Expenses
actually and reasonably incurred by Indemnitee or on his or her behalf in connection therewith.

 

4.     Contribution.

 

(a)       Whether
or not the indemnification provided in Sections 1 and 2 hereof is available, in respect of any threatened, pending
or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such
action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment or settlement of
such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives and relinquishes
any right of contribution it may have against Indemnitee. The Company shall not enter into any settlement of any action, suit
or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding)
unless such settlement provides for a full and final release of all claims asserted against Indemnitee.

 

(b)       Without
diminishing or impairing the obligations of the Company set forth in the preceding subparagraph, if, for any reason, Indemnitee
shall elect or be required to pay all or any portion of any judgment or settlement in any threatened, pending or completed action,
suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding),
the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement actually and reasonably
incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the Company and all directors, officers
or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would be if joined in such action,
suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which such action, suit or
proceeding arose; provided, however, that the proportion determined on the basis of relative

 

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benefit
may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all
directors, officers or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined
in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted
in such expenses, judgments, fines or settlement amounts, as well as any other equitable considerations which the Law may require
to be considered. The relative fault of the Company and all directors, officers or employees of the Company, other than Indemnitee,
who are jointly liable with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee,
on the other hand, shall be determined by reference to, among other things, the degree to which their actions were motivated by
intent to gain personal profit or advantage, the degree to which their liability is primary or secondary and the degree to which
their conduct is active or passive.

 

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

 

(d)       To
the fullest extent permissible under applicable law, if the indemnification provided for in this Agreement is unavailable to Indemnitee
for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall contribute to the amount incurred by Indemnitee,
whether for judgments, fines, penalties, excise taxes, amounts paid or to be paid in settlement and/or for Expenses, in connection
with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable in
light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and
Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of
the Company (and its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

5.     Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason
of his Corporate Status, a witness, or is made (or asked) to respond to discovery requests, in any Proceeding to which Indemnitee
is not a party, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection
therewith.

 

6.     Advancement
of Expenses.

 

(a)       Notwithstanding
any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf of Indemnitee in connection
with any Proceeding by reason of Indemnitee’s Corporate Status within ten (10) days after the receipt by the Company of
a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final
disposition of such Proceeding. Such statement or statements shall reasonably evidence the Expenses incurred by Indemnitee and
shall include or be preceded or accompanied by a written undertaking by or on behalf of Indemnitee to repay any Expenses advanced
if it shall ultimately be determined that Indemnitee is not entitled to be indemnified against such Expenses. Any advances and
undertakings to repay pursuant to this Section 5 shall be unsecured and interest free.

 

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(b)       Indemnitee
agrees that Indemnitee shall reimburse the Company for all Expenses advanced by the Company pursuant to Section 6(a), in the event
and only to the extent that it shall be determined by final judgment or other final adjudication under the provisions of any applicable
law (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is not entitled to be indemnified
by the Company for such Expenses.

 

7.     Procedures
and Presumptions. It is the intent of this Agreement to secure for Indemnitee rights of indemnity that are as favorable as
may be permitted under the laws of the Netherlands and public policy of the Netherlands. Accordingly, the parties agree that the
following procedures and presumptions shall apply to claims by Indemnitee for indemnification under this Agreement:

 

(a)       To
obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request as soon as reasonably practicable
after receipt by Indemnitee of written notice that he is a party to or a participant (as a witness or otherwise) in any proceeding
or of any other matter in respect of which Indemnitee intends to seek indemnification or advancement of Expenses hereunder, including
therein or therewith such relevant documentation and information as is reasonably available to Indemnitee. Any payment for indemnification
requested by the Indemnitee hereunder shall be made no later than ten (10) days after receipt of the written request of the Indemnitee;
provided, however, that the written request of the Indemnitee shall constitute an undertaking providing that the Indemnitee undertakes
to the fullest extent required by law to repay any indemnification payment if and to the extent that it is ultimately determined
by a court of competent jurisdiction in a final judgment, not subject to appeal, that Indemnitee is not entitled to be indemnified
by the Company.

 

(b)       In
any determination with respect to entitlement to indemnification hereunder, the person or persons or entity making such determination
shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to overcome this presumption
shall have the burden of proof and the burden of persuasion by clear and convincing evidence.

 

(c)       Indemnitee
shall be deemed to have acted in good faith if Indemnitee’s action is in good faith reliance on the records or books of
account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise
(as hereinafter defined) in the course of their duties, or on the advice of legal counsel for the Enterprise or on information
or records given or reports made to the Enterprise by an independent certified public accountant or by an appraiser or other expert
selected with reasonable care by the Enterprise. In addition, the knowledge and/or actions, or failure to act, of any director,
officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification
under this Agreement. Whether or not the foregoing provisions of this Section 6(c) are satisfied, it shall in any event
be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed
to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof and the burden
of persuasion by clear and convincing evidence.

 

(d)       The
Company acknowledges that a settlement or other disposition short of final judgment may be successful if it permits a party to
avoid expense, delay,

 

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distraction,
disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in any
manner other than by adverse judgment against Indemnitee (including, without limitation, settlement of such action, claim or proceeding
with or without payment of money or other consideration) it shall be presumed that Indemnitee has been successful on the merits
or otherwise in such action, suit or proceeding. Anyone seeking to overcome this presumption shall have the burden of proof and
the burden of persuasion by clear and convincing evidence.

 

(e)       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 adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner
which he 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 conduct was unlawful.

 

8.     Non-Exclusivity;
Survival of Rights; Insurance; Primacy of Indemnification; Subrogation.

 

(a)       The
rights of indemnification 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, any agreement, a vote of shareholders, a resolution of directors or otherwise,
of the Company. Notwithstanding this non-exclusivity, this Agreement shall take priority over any other rights to which Indemnitee
may be entitled, including other agreements with respect to indemnification. 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 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 the laws of the Netherlands, whether by statute or judicial decision, permits greater indemnification than would be afforded
currently under this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits so afforded by such change. 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)       To
the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees,
or agents or fiduciaries of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan
or other enterprise that 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 director, officer, employee, agent
or fiduciary under such policy or policies. If, at the time of the receipt of a notice of a claim pursuant to the terms hereof,
the Company has director and officer liability insurance in effect, the Company shall give prompt notice of the commencement 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

 

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payable
as a result of such proceeding in accordance with the terms of such policies.

 

(c)       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.

 

(d)       The
Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the
extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

(e)       The
Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the request of the
Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit
plan or other enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of
expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

9.     Exception
to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this
Agreement to make any indemnity in connection with any claim made against Indemnitee:

 

(a)       for
which it has been established by a competent court in a final and conclusive decision that such claim results from willful (opzettelijk),
intentionally reckless (bewust roekeloos) or seriously culpable (ernstig verwijtbaar) conduct by the Indemnitee;
or

 

(b)       for
which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision, except
with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision; or

 

(c)       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 Securities Exchange Act of 1934, as amended, or similar provisions of federal, state, provincial
or local statutory law or common law; or

 

(d)       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, in its sole discretion, pursuant to the powers vested in the Company under applicable law.

 

10.   Duration
of Agreement. This Agreement shall continue until and terminate upon the later of: (a) ten (10) years after the date that
Indemnitee shall have ceased to serve as an officer or a director of the Company, (b) one (1) year after the final termination
of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement
hereunder and of any proceeding commenced by

 

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Indemnitee
pursuant to Section 11 of this Agreement relating thereto or (c) three (3) years after the date on which the Company is
declared bankrupt. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit
of Indemnitee and his heirs, executors and administrators. 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 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.

 

11.   Security.
To the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security
to 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 Indemnitee, may not be revoked or released without the prior written consent of
the Indemnitee.

 

12.   Enforcement
and Remedies of Indemnitee.

 

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

 

(b)       In
the event that advancement of Expenses or payment of any claim for indemnification is not made pursuant to this Agreement within
ten (10) days after receipt by the Company of a written request from Indemnitee therefor, Indemnitee shall be entitled to an adjudication
in an appropriate court of the Netherlands, or in any other court of competent jurisdiction, of Indemnitee’s entitlement
to such indemnification. The Company shall not oppose Indemnitee’s right to seek any such adjudication.

 

(c)       The
Company shall be precluded from asserting in any Proceeding commenced pursuant to this Section 11 that the procedures and
presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court that the Company is
bound by all the provisions of this Agreement. The Company shall indemnify Indemnitee against any and all Expenses and, if requested
by Indemnitee, shall (within ten (10) days after receipt by the Company of a written request therefor) advance, to the extent
not prohibited by law, such Expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by
Indemnitee for indemnification or advance of Expenses from the Company under this Agreement or under any directors’ and
officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee ultimately is determined
to be entitled to such indemnification, advancement of Expenses or insurance recovery, as the case may be.

 

(d)       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.

 

13.   Definitions.
For purposes of this Agreement:

 

    8

    

    

(a)       “Corporate
Status” describes the status of a person who is or was a director, officer, employee, agent or fiduciary of the Company
or of any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise that such person is
or was serving at the express request of the Company.

 

(b)       “Enterprise”
shall mean the Company and any other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise
(including any subsidiary of the Company) that Indemnitee is or was serving at the express request of the Company as a director,
officer, employee, agent or fiduciary.

 

(c)       “Expenses”
shall include all reasonable attorneys’ fees, retainers, court costs, transcript costs, fees of experts, witness fees, travel
expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees and all other disbursements
or expenses of the types customarily incurred in connection with (i) prosecuting, defending, preparing to prosecute or defend,
investigating, participating, or being or preparing to be a witness in, or otherwise participating in, a Proceeding, (ii) responding
to, or objecting to, a request to provide discovery in any Proceeding, or (iii) establishing or enforcing a right to indemnification
under this Agreement, the Company’s articles of association, applicable law or otherwise. Expenses also shall include Expenses
incurred in connection with any appeal resulting from any Proceeding and any federal, state, local or foreign taxes imposed on
the Indemnitee as a result of the actual or deemed receipt of any payments under this Agreement, including without limitation
the premium, security for, and other costs relating to any cost bond, supersede as 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.

 

(d)       “Proceeding”
includes any threatened, pending or completed action, derivative action, suit, claim, counterclaim, cross claim, arbitration,
alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed
proceeding, whether civil (including intentional and unintentional tort claims), criminal, administrative or investigative, including
any appeal therefrom, and whether instituted by or on behalf of the Company or any other party, or any inquiry or investigation
that Indemnitee in good faith believes might lead to the institution of any such action, suit or other proceeding hereinabove
listed in which Indemnitee was, is or will be involved as a party, potential party, non-party witness or otherwise by reason of
any Corporate Status of Indemnitee, or by reason of any action taken (or failure to act) by him or her or of any action (or failure
to act) on his or her part while serving in any Corporate Status.

 

14.   Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other
provision. Without limiting the generality of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification
rights to the fullest extent permitted by applicable laws. In the event any provision hereof conflicts with any applicable law,
such provision shall be deemed modified, consistent with the aforementioned intent, to the extent necessary to resolve such conflict.

 

15.   Modification
and Waiver. No supplement, modification, waiver, termination or amendment of this Agreement shall be binding unless executed
in writing by both of 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 hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

16.   Notice
By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any
summons, citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may
be subject to indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation
which it may have to Indemnitee under this Agreement or otherwise unless and only to the extent that such failure or delay materially
prejudices the Company.

 

17.   Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively
given: (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent
during normal business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after
having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit
with a nationally recognized overnight courier, specifying next day delivery, with written verification of receipt. All communications
shall be sent:

 

(a)           If
to Indemnitee, at the address set forth below Indemnitee’s signature hereto.

 

 (b)           If to the Company, at:

 

InflaRx
N.V.

Winzerlaer Str. 2

Jena, Germany

Attention:
Chief Executive Officer

 

or
to such other address as may have been furnished to Indemnitee by the Company or to the Company by Indemnitee, as the case may
be.

 

18.   Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two
or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

19.   Headings.
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.

 

20.   Governing
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 Netherlands, without regard to its conflict of laws rules. The Company and Indemnitee
hereby irrevocably and unconditionally (i) agree that any action or proceeding arising out of or in connection with this Agreement
shall be brought only in the appropriate court of the Netherlands (the “Netherlands Court”), and not in any
state or federal court in the United States

 

    9

    

    

of
America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction of the Netherlands Court for purposes
of any action or proceeding arising out of or in connection with this Agreement, (iii) waive any objection to the laying of venue
of any such action or proceeding in the Netherlands Court, and (iv) waive, and agree not to plead or to make, any claim that any
such action or proceeding brought in the Netherlands Court has been brought in an improper or inconvenient forum.

 

[SIGNATURE
PAGE TO FOLLOW]

 

    10

    

    

IN
WITNESS WHEREOF, the parties hereto have executed this Indemnification Agreement on and as of the day and year first above written.

 

	 	COMPANY	 
	 	 	 
	 	 	 
	 	 	 
	 	By:	 	 
	 	 	Name:	 	 
	 	 	Title	 	 
	 	 	 	 	 
	 	INDEMNITEE	 
	 	 	 
	 	 	 
	 	 	 
	 	Name:	 	 
	 	 	 	 	 
	 	Address:	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 

 

 

 

 

 

 

[Signature Page to Indemnification Agreement]

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