Document:

Exhibit 10.5

 

Dated the [   ] day of [   ] 2022

 

VIRAX BIOLABS GROUP LIMITED

 

and

 

[   ]

 

 

 

EMPLOYMENT AGREEMENT

 

FOR

 

EXECUTIVE OFFICER

 

 

 

     

     

    

 

THIS AGREEMENT is made on the   day
of [   ] 2022.  

 

BETWEEN:

 

		(1)	VIRAX BIOLABS GROUP LIMITED, a company incorporated in Cayman Islands with limited liability with
registered address at 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands (the “Company”); and

 

		(2)	[   ], holder of [  
] passport number [   ]XXXX, of [   ] (the “Executive Officer”).

 

NOW IT IS HEREBY AGREED as follows:-

 

		1.	DEFINITION AND INTERPRETATION

 

		1.1.	In this Agreement, unless the context otherwise requires, the following words and expressions shall have
the following meanings:-

 

	 	“Agreement”	
    this service agreement, as may be amended or modified
    from time to time;

     

	 	“Appointment”	
    the appointment of [   ] as an Executive Officer
    of the Company pursuant to Clause 2;

     

	 	“Board”	
    the board of directors for the time being of the
    Company or the directors present at any meeting of the Board duly convened and held and includes a duly authorised committee thereof;

     

	 	“Business”	
    all the business and affairs carried on from time
    to time by the Group or by any of the companies within the Group;

     

	 	“Compensation”	
    shall have the meaning ascribed thereto in the
    Clause 5.1;

     

	 	
    “Compensation Committee”

     
	the compensation committee of the Board;
	 	“Confidential Information”	
    (i) all information, know-how and records (in
    whatever form held) including (without prejudice to the generality of the foregoing) all formulae, designs, specifications, drawings,
    data, manuals and instructions and all customer lists, sales information, business plans and forecasts and all technical or other expertise
    and all computer software and all financial accounting and tax records, correspondence, orders and enquiries that are confidential or
    not generally known in any way in connection with the Group or any business of the Group, or trade secrets of the Group; (ii) any confidential
    information or trade secrets of the clients or prospective clients of the Group, or (iii) the confidential or proprietary information
    of any third party received by the Group and for which the Group has confidential obligations;

     

 

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	 	“Corporate
    Status”	
    the capacity of the Executive Officer with respect
    to the Company and the services performed by the Executive Officer in that capacity;

     

	 	“Group”	
    the Company and its subsidiaries from time to
    time and a member of the Group shall be construed accordingly;

     

	 	“Listing Date”	
    the day on which the shares of the Company first
    commence trading on the Nasdaq;

     

	 	“Nasdaq”	
    Nasdaq Stock Market;

     

	 	“Singapore”	
    the Republic of Singapore;

     

	 	“Proceedings”	
    any threatened, pending or completed claim, action,
    suit, arbitration, alternate dispute resolution process, investigation, administrative hearing, appeal, or any other proceeding, whether
    civil, criminal, administrative or investigative, whether formal or informal, including a proceeding initiated by the Executive Officer
    pursuant to Clause 14 to enforce his rights hereunder;

     

	 	“United Kingdom”	
    The United Kingdom of Great Britain and Northern
    Ireland;

     

	 	“United States”	
    The United States of America;

     

	 	“$”	United States dollars, the lawful currency of the United States; and
	 	 	 
	 	
    “£”

     
	
    Pound Sterling, the lawful currency of the
United Kingdom, with an exchange rate of US$1= £ [   ]

 

		1.2.	Reference to Clauses, are references to clauses of this Agreement.

 

		1.3.	In this Agreement, words importing the singular include the plural and vice versa, words importing one
gender include every gender and references to a person include any public body and body corporate, unincorporated associations and partnership
(whether or not having separate legal personality).

 

		1.4.	The headings to the Clauses of this Agreement are for convenience only and shall not affect the construction
in this Agreement.

 

		1.5.	In this Agreement (save as otherwise expressly stated herein), references, express or implied, to any
statues or statutory provision or any rule or regulation (whether or not having the force of law) shall be construed as references to
the same as respectively amended, varied, modified, consolidated or re-enacted from time to time (whether before or after the date of
this Agreement) and to any subordinate legislation made under such statutory provision and reference to sections of consolidating legislation
shall, wherever necessary or appropriate in the context, be construed as including references to the sections of the previous legislation
from which the consolidating legislation has been prepared.

 

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		2.	APPOINTMENT

 

		2.1.	The Executive Officer was appointed as the chief financial officer
of the Company on [ ]. This Agreement serves to regulate the employment relationship between the Company and the Executive Officer from
the Listing Date. For the avoidance of doubt, this Agreement shall not affect the effectiveness of the appointment of the chief financial
officer on [   ].

 

		2.2.	The Company shall employ the Executive Officer and the Executive
Officer shall diligently and faithfully serve the Company as an executive officer pursuant to the terms and conditions of this Agreement
and subject to the articles of association of the Company, the Nasdaq Stock Market Rules (to the extent applicable) and other applicable
laws and regulations.

 

		3.	TERM

 

		3.1.	Unless earlier terminated in accordance with Clause 6, the
Appointment shall be for an initial definite term of 3 years commencement from the Listing Date and the Executive’s employment
shall be automatically terminated without the need for either party to give notice or make any payment in lieu of notice.

 

		3.2.	The Executive Officer represents and warrants that he is
not bound by or subject to any court order, agreement, arrangement or undertaking which in any way restricts or prohibits him from entering
into this Agreement or from performing his duties hereunder.

 

		4.	EXECUTIVE OFFICER’S DUTIES AND SERVICES

 

		4.1.	The Executive Officer hereby undertakes with the Company
that during the term of this Agreement, he shall use his best endeavours to carry out his duties faithfully and diligently under this
Agreement.

 

		4.2.	Without prejudice to the generality of Clause 4.1, the Executive
Officer shall during the term of this Agreement:-

 

		(a)	devote a sufficient amount of time and attention to the interests and affairs of the Company in the discharge
of duties of his office as an executive officer of the Company and, where relevant, as an officer of such other members of the Group as
are necessary for the proper and efficient administration, supervision, and management of the financial planning, the financial statements
and accounts and all formal finance related procedures of the Group;

 

		(b)	faithfully and diligently perform such duties and exercise such powers as are consistent with his office
in relation to the Company and/or the Group;

 

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		(c)	in the discharge of such duties and in the exercise of such powers observe and comply with all reasonable
and lawful resolutions, instructions, regulations and directions from time to time passed, made or given by the Board according to the
best of his skills and ability;

 

		(d)	perform such services for the Group and (without further remuneration unless otherwise agreed) accept
such offices in the Group as the Board may from time to time reasonably require provided the same are consistent with his office;

 

		(e)	at all times keep the Board promptly and fully informed (in writing if so requested) in connection with
the performance of such powers and duties and provide such explanations as the Board may require in connection with his office in relation
to the Company and/or the Group;

 

		(f)	act in accordance with his powers and obligations as an executive officer of the Company and use his best
endeavours to comply with and to cause the Company to comply with (a) this Agreement; (b) every rule or law applicable to any member of
the Group, whether in the United States, Singapore, Hong Kong, or elsewhere; (c) the Nasdaq Stock Market Rules; (d) the articles of association
of the Company; (e) shareholders’ and board resolutions of the Company; (f) the Securities Act of 1933; and (g) all other relevant
securities regulations, rules, instructions and guidelines as issued by the relevant regulatory authorities from time to time, in relation
to dealings in shares or other securities of the Company or any other member of the Group, and in relation to insider information or unpublished
inside information affecting the shares, debentures or other securities of any member of the Group.

 

		4.3.	The Executive Officer shall carry out his duties and exercise
his powers jointly with any other executive officers, senior management or directors of the Group as may from time to time be appointed
by the Board. The Board may at any time require the Executive Officer to cease performing any of his duties or exercising any of his
power under this Agreement.

 

		4.4.	The Executive Officer’s working hours shall be such
hours as the Company may from time to time deem appropriate and as may be necessary to achieve the purposes of the Company and shall
include the hours from 9 a.m. to 6 p.m. (subject to a lunch break of one hour), Monday to Friday in each week.

 

		5.	REMUNERATION   

 

		5.1.	Upon the effective date of this Agreement and during the term of this Agreement, the Executive Officer
shall receive a monthly remuneration of approximately US$[ ] (£ [ ]) which shall accrue on a day to day basis payable in arrears
on the last day of each calendar month provided that if the Appointment is terminated prior to the end of a calendar month, the Executive
Officer shall only be entitled to a proportionate part of such salary in respect of the period of service during the relevant month up
to the date of termination (the “Compensation”).

 

		5.2.	The Compensation may be reviewed during the term of this Agreement by the Compensation Committee pursuant
to its terms of reference after the Listing Date. Any adjustment of the Compensation shall be recommended by the Compensation Committee
(when applicable) and approved by the Board duly convened pursuant to the articles of association of the Company.

 

		5.3.	Payment of the Compensation may be made by the Company and/or by any member of the Group and if by more
than one company in such proportions as the Board in its absolute discretion may from time to time think fit. Payment of the Compensation
shall also be subject to such statutory deductions and/or withholdings, including but not limited to, any employee WPS contributions,
as may be required in accordance with applicable legislation in force from time to time and any withholdings for purposes of performing
tax clearance with the HM Revenue and Customs of the United Kingdom.

 

		5.4.	The Executive Officer shall be reimbursed for all reasonable expenses (including expenses of entertainment,
subsistence and travelling) properly incurred by him in the performance of his duties in accordance with this Agreement.

 

		5.5.	The Executive Officer may be eligible to receive, in the sole and absolute discretion of the Company (considering
such factors, as the Company deems appropriate in the sole, subjective judgment), a discretionary bonus. The Company’s determination
of whether or not to pay the Executive Officer a discretionary bonus, the criteria therefore and the amount and timing of such bonus,
if any, shall be final and binding. If either party terminates the employment relationship before the bonus payment date or if the Executive
Officer is serving termination notice on the bonus payment date, the Executive Officer shall not be entitled to any part of the discretionary
annual bonus.

 

		6.	TERMINATION

 

		6.1.	The Company shall, after due inquiry, be entitled to terminate the Appointment forthwith without any notice
or payment in lieu of notice or other compensation to the Executive Officer prior to the expiry of the term of the Appointment by notice
in writing and upon such determination the Executive Officer shall not be entitled to any bonus or any payment whatsoever (other than
such Compensation actually accrued due and payable) or to claim any compensation or damages for or in respect of or by reason of such
determination, if the Executive Officer shall at any time:-

 

		(a)	commit any serious or persistent breach whether willful or not of any of the provisions herein (and to
the extent that such breach is capable of remedy shall fail to remedy such breach within 30 days after written warning given by the Board);

 

		(b)	be guilty of any act of negligence or dishonesty to the detriment of the Group, misconduct or willful
default or neglect in the discharge of his duties hereunder (and to the extent that such breach is capable of remedy shall fail to remedy
such breach within 30 days after written warning given by the Board);

 

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		(c)	become bankrupt or have a receiving order made against him or suspend payment of his debts or compound
with or make any arrangement or composition with his creditors generally;

 

		(d)	become a lunatic or of unsound mind or become a patient for any purpose of any statute relating to mental
health;

 

		(e)	become permanently incapacitated by illness or other like causes so as to prevent the Executive Officer
from performing his duties and obligations hereunder;

 

		(f)	be guilty of conduct tending to bring himself or any member of the Group into disrepute;

 

		(g)	be convicted or plead guilty to any criminal offence involving moral turpitude;

 

		(h)	refuse to carry out any reasonable or lawful order given to him by the Board during the term of his Agreement
or fail to diligently and faithfully attend to his duties hereunder; or

 

		(i)	improperly divulge to any unauthorised person any Confidential Information or any other business secret
or details of the organisation, business or clientele of the Group.

 

		6.2.	The Executive Officer may terminate this Agreement by giving to the Company not less than three (3) months’
prior notice in writing or making payment in lieu of such notice. The Company may terminate this Agreement by giving to the Executive
Officer not less than three (3) months’ prior notice in writing or payment in lieu of notice at any time after the date of this
Agreement, in which case, the Executive Officer shall be entitled to severance payments to the extent expressly required by the applicable
law of the jurisdiction where the Executive Officer is based.

 

		6.3.	If the Company becomes entitled pursuant to Clause 6.1 above to terminate the Appointment, it shall be
entitled (but without prejudice to its right subsequently to the termination of the Appointment on the same or any other ground) to suspend
the Appointment of the Executive Officer without payment of the Compensation, in full or in part, to the extent permitted by law.

 

		6.4.	On the termination of the Appointment howsoever arising, the Executive Officer shall:-

 

		(a)	forthwith deliver to the Company all Confidential Information, books, records, correspondence, accounts,
documents, papers, materials, credit cards (if any) and other property of or relating to the business of the Group which may then be in
his possession or under his power or control and all copies thereof or extracts therefrom made by or on behalf of the Executive Officer
shall be and remain the property of the Group and shall forthwith be delivered up to the Company; and

 

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		(b)	not at any time thereafter represent himself to be connected with the Group.

 

		6.5.	The Appointment of the Executive Officer under this Agreement shall terminate automatically in the event
of his ceasing to be an executive officer of the Company.

 

		6.6.	Termination for whatever reason shall not relieve the parties of their obligations arising or accrued
prior to the termination of the Appointment or of obligations which expressly or by necessary implication continue after termination of
the Appointment, including Clauses 6.4 and 7.

 

		6.7.	No delay or forbearance by the Company in exercising any such right of termination shall constitute a
waiver of that right.

 

		7.	CONFIDENTIALITY

 

		7.1.	The Executive Officer shall not, and shall procure that none of his associates shall, either during or
after the termination or expiry of the Appointment without limit in point of time, except as required in the performance of his duties
in connection with the employment or pursuant to applicable law:-

 

		(a)	divulge or communicate to any person except to those of the officials of the Group whose province is to
know the same in the proper course of their duties; or

 

		(b)	use, take away, conceal or destroy for his own purpose or for any purpose other than that of the Group
or for the advantage of any person other than the Group or to the detriment of the Group; or

 

		(c)	through any failure to exercise all due care and diligence cause any unauthorised disclosure of,

 

any Confidential Information (including
without limitation), relating to the dealings, organisation, business, finance, transactions or any other affairs of the Group or its
suppliers, agents, distributors, clients or customers; or in respect of which any company within the Group is bound by an obligation of
confidence to any third party, but so that these restriction shall cease to apply to any information or knowledge which may (otherwise
than through the default of the Executive Officer or his associates) become available to the public generally or otherwise required by
law or any applicable rules or regulations to be disclosed.

 

		7.2.	Since the Executive Officer may obtain in the course of the Appointment by reason of services rendered
for or offices held in any other member of the Group knowledge of the trade secrets or other Confidential Information of such company,
the Executive Officer hereby agrees that he will at the request and cost of the Company or such other member of the Group enter into a
direct agreement or undertaking with such company whereby he will accept restrictions corresponding to the restrictions herein contained
(or such of them as may be appropriate in the circumstances) in relation to such products and services and such area and for such period
as such company may reasonably require for the protection of its legitimate interest.

 

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		7.3.	All notes, memoranda, records and writings made by the Executive Officer in relation to the financial
statements and accounts of the Group, the Business or concerning any of its dealings or affairs or the dealings of affairs of any clients
or customers of the Group shall be and shall remain the property of the Group and shall be handed over by him to the Company (or to such
other member of the Group as the case may require) from time to time on demand of the Company and in any event upon his leaving the service
of the Company and the Executive Officer shall not retain any copy thereof.

 

		7.4.	The covenants in each paragraph of Clause 7 are independent of each other and are not to be construed
restrictively by reference to one another.

 

		8.	LEAVE

 

ANNUAL LEAVE

 

The Executive Officer shall (in
addition to public holidays and statutory leave and sick leave) be entitled to 20 working days paid annual leave in each year during the
term of this Agreement to be taken at such time or times as the Board may approve.

 

The Executive Officer’s common
leave year runs from 1 January to 31 December, and the Executive Officer may carry forward no more than 20% unused paid annual leave of
his current entitlement to be taken on or before 31st March of the following common leave year.

 

SICK LEAVE

 

In the event of absence or lateness
for whatever reason including illness, the Executive Officer shall immediately notify the Company by telephone no later than 48 hours
from the time the Executive Officer was to report to work, and deliver to the Company a medical certificate from a medical practitioner.

  

STATUTORY LEAVE

 

The Executive Officer will be entitled
to any statutory leaves of absence provided that the Executive Officer meets the relevant requirements as prescribed under the applicable
law.

 

		9.	AGREEMENT OF INDEMNITY

 

Subject to any applicable law, the
Company agrees to indemnify the Executive Officer as follows:

 

		(a)	Subject to the exceptions contained in Clause 10(a) below, if the Executive Officer was or is a party
or is threatened to be made a party to any Proceeding (other than an action by or in the right of the Company) by reason of the Executive
Officer’s Corporate Status, the Executive Officer shall be indemnified by the Company against all expenses and liabilities incurred
or paid by the Executive Officer in connection with such Proceeding (referred to herein as “Indemnifiable Expenses”
and “Indemnifiable Liabilities,” respectively, and collectively as “Indemnifiable Amounts”).

 

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		(b)	Subject to the exceptions contained in Clause 10(b) below, if the Executive Officer was or is a party
or is threatened to be made a party to any Proceeding by or in the right of the Company, to procure a judgment in its favor by reason
of the Executive Officer’s Corporate Status, the Executive Officer shall be indemnified by the Company against all Indemnifiable
Expenses.

 

		(c)	For purposes of this Agreement, the Executive Officer shall be deemed to have acted in good faith in conducting
the Company’s affairs as an executive officer of the Company, if the Executive Officer: (i) exercised or used the same degree of
diligence, care, and skill as an ordinarily prudent man would have exercised or used under the circumstances in the conduct of her own
affairs; or (ii) took, or omitted to take, an action in reliance upon advise of counsels or other professional advisors for the Company,
or upon statements made or information furnished by other directors, officers or employees of the Company, or upon a financial statement
of the Company provided by a person in charge of its accounts or certified by a public accountant or a firm of public accountants, which
the Executive Officer had reasonable grounds to believe to be true.

 

		10.	EXCEPTIONS TO INDEMNIFICATION

 

Executive Officer shall
be entitled to indemnification under Clauses 9(a) and 9(b) above in all circumstances other than the following:

 

		(a)	If indemnification is requested under Clause 9(a) and it has been adjudicated finally by a court or arbitral
body of competent jurisdiction that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen,
(i) the Executive Officer failed to act in good faith and in a manner the Executive Officer reasonably believed to be in or not opposed
to the best interests of the Company, (ii) the Executive Officer had reasonable cause to believe that the Executive Officer’s conduct
was unlawful, or (iii) the Executive Officer’s conduct constituted willful misconduct, fraud, dishonesty or knowing violation of
law, then the Executive Officer shall not be entitled to payment of Indemnifiable Amounts hereunder.

 

		(b)	If indemnification is requested under Clause 9(b) and

 

		(i)	it has been adjudicated finally by a court or arbitral body of competent jurisdiction that, in connection
with the subject of the Proceeding out of which the claim for indemnification has arisen, the Executive Officer failed to act in good
faith and in a manner the Executive Officer reasonably believed to be in or not opposed to the best interests of the Company, the Executive
Officer shall not be entitled to payment of Indemnifiable Expenses hereunder; or

 

		(ii)	it has been adjudicated finally by a court or arbitral body of competent jurisdiction that the Executive
Officer is liable to the Company with respect to any claim, issue or matter involved in the Proceeding out of which the claim for indemnification
has arisen, including, without limitation, a claim that the Executive Officer received an improper benefit or improperly took advantage
of a corporate opportunity, the Executive Officer shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to
such claim, issue or matter.

 

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		11.	WHOLLY OR PARTLY SUCCESSFUL

 

Notwithstanding
any other provision of this Agreement, and without limiting any such provision, to the extent that the Executive Officer is, by reason
of the Executive Officer’s Corporate Status, a party to and is successful, on the merits or otherwise, in any Proceeding, the Executive
Officer shall be indemnified in connection therewith. If the Executive Officer 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 indemnify
the Executive Officer against those Expenses reasonably incurred by the Executive Officer or on the Executive Officer’s behalf in
connection with each successfully resolved claim, issue or matter. For purposes of this clause, 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.

 

		12.	ADVANCES AND INTERIM EXPENSES

 

The Company
may pay to the Executive Officer all Indemnifiable Expenses incurred by the Executive Officer in connection with any Proceeding, including
a Proceeding by or in the right of the Company, in advance of the final disposition of such Proceeding, if the Executive Officer furnishes
the Company with a written undertaking, to the satisfaction of the Company, to repay the amount of such Indemnifiable Expenses advanced
to the Executive Officer in the event it is finally determined by a court or arbitral body of competent jurisdiction that the Executive
Officer is not entitled under this Agreement to indemnification with respect to such Indemnifiable Expenses.

 

		13.	PROCEDURE FOR PAYMENT OF INDEMNIFIABLE AMOUNTS

 

The Executive
Officer shall submit to the Company a written request specifying the Indemnifiable Amounts, for which the Executive Officer seeks payment
under Clause 9 hereof and the Proceeding of which has been previously notified to the Company and approved by the Company for indemnification
hereunder. At the request of the Company, the Executive Officer shall furnish such documentation and information as are reasonably available
to the Executive Officer and necessary to establish that the Executive Officer is entitled to indemnification hereunder. The Company shall
pay such Indemnifiable Amounts within thirty (30) days of receipt of all required documents.

 

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		14.	REMEDIES OF EXECUTIVE OFFICER

 

		(a)	RIGHT TO PETITION COURT. In the event that the Executive Officer makes a request for payment of Indemnifiable
Amounts under Clauses 9, 11-13 above, and the Company fails to make such payment or advancement in a timely manner pursuant to the terms
of this Agreement, the Executive Officer may petition the appropriate judicial authority to enforce the Company’s obligations under
this Agreement.

 

		(b)	BURDEN OF PROOF. In any judicial proceeding brought under Clause 14 (a) above, the Company shall have
the burden of proving that the Executive Officer is not entitled to payment of Indemnifiable Amounts hereunder.

 

		(c)	EXPENSES. The Company agrees to reimburse the Executive Officer in full for any Expenses incurred by the
Executive Officer in connection with investigating, preparing for, litigating, defending or settling any action brought by the Executive
Officer under Clause 14 (a) above, or in connection with any claim or counterclaim brought by the Company in connection therewith.

 

		(d)	VALIDITY OF AGREEMENT. The Company shall be precluded from asserting in any Proceeding, including, without
limitation, an action under Clause 14 (a) above, that the provisions of this Agreement are not valid, binding and enforceable or that
there is insufficient consideration for this Agreement and shall stipulate in court that the Company is bound by all the provisions of
this Agreement.

 

		(e)	FAILURE TO ACT NOT A DEFENSE. The failure of the Company (including its Board of Directors or any committee
thereof, independent legal counsel, or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable
Amounts or the advancement of Indemnifiable Expenses under this Agreement shall not be a defense in any action brought under Clause 14(a)
above.

 

		15.	PROCEEDINGS AGAINST COMPANY

 

Except as otherwise
provided in this Agreement, the Executive Officer shall not be entitled to payment of Indemnifiable Amounts or advancement of Indemnifiable
Expenses with respect to any Proceeding brought by the Executive Officer against the Company, any entity which it controls, any director
or officer thereof, or any third party, unless the Company has consented to the initiation of such Proceeding. This clause shall not apply
to counterclaims or affirmative defenses asserted by the Executive Officer in an action brought against the Executive Officer.

 

		16.	INSURANCE

 

The Company
will obtain and maintain a policy or policies of director and officer liability insurance, of which the Executive Officer will be named
as an insured, providing the Executive Officer with coverage for Indemnifiable Amounts and/or Indemnifiable Expenses in accordance with
said insurance policy or policies (“D&O Insurance”); provided that:

 

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		(a)	The Executive Officer agrees that, while the Company has valid and effective D&O Insurance, and except
as provided in Clause 16(c), Clauses 9-15 of this Agreement shall not apply, and the Company’s indemnification obligation to the
Executive Officer under this Agreement shall be deemed fulfilled by virtue of purchasing and maintaining such insurance policy or policies,
in accordance with the terms and conditions thereof and subject to exclusions stated thereon. The Executive Officer agrees that the Company
shall have no obligation to challenge the decisions made by the insurance carrier(s) (“Insurance Carrier”) relating
to any claims made under such insurance policy or policies;

 

		(b)	The Executive Officer agrees that the Company’s indemnification obligation to the Executive Officer
under Clause 16(a) shall be deemed discharged and terminated, in the event the Insurance Carrier refused payment for any Proceedings against
the Executive Officer due to the acts or omissions of the Executive Officer;

 

		(c)	While the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Executive
Officer for the Indemnifiable Amounts and Indemnifiable Expenses, to the extent that any Proceedings are coverable by D&O Insurance,
but in excess of the policy amount, in accordance with Clauses 9-15 of this Agreement; and

 

		(d)	While the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Executive
Officer to the extent that the Executive Officer has liability that would be part of the D&O Insurance deductible, if there is any;
and

 

		(e)	While the D&O Insurance is valid and effective, this Clause 16 states the entire and exclusive remedy
of the Executive Officer with respect to the indemnification obligation of the Company to the Executive Officer under this Agreement.

 

		17.	WAIVER

 

		17.1.	Time is of the essence in this Agreement but no failure or delay on the part of either party to exercise
any power, right or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by either party of any
power, right or remedy preclude any other or further exercise thereof or the exercise of any other power, right or remedy by that party.

 

		17.2.	The remedies provided herein are cumulative and are not exclusive of any remedies provided by law.

 

		18.	ENTIRE AGREEMENT

 

		18.1.	This Agreement constitutes the entire agreement between the parties hereto in relation to the subject
matter hereof and shall be in substitution for and supersedes all and any previous service agreements, arrangements or undertakings entered
into between any member of the Group and the Executive Officer. Any terms of employment previously in force between any such member of
the Group and the Executive Officer, whether or not on a legal or formal basis, shall be deemed to have been cancelled or terminated with
effect from the effective date of this Agreement.

 

		18.2.	The Executive Officer hereby acknowledges that he has no claim of any kind against any member of the Group
and without prejudice to the generality of the foregoing he further acknowledges that he has no claim for damages against any member of
the Group for the termination of any previous service agreements, arrangements or undertakings (if any) for the purpose of entering into
this Agreement.

 

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		19.	NOTICES

 

		19.1.	All notices, requests, demands, consents or other communications to or upon the parties under or pursuant
to this Agreement shall be in writing and sent to the relevant party at such party’s address or facsimile number set out below (or
at such other address or facsimile number as such party may hereafter specify to the other party) and shall be deemed to have been duly
given or made:-

 

		(a)	in the case of a communication by letter five (5) business days (if overseas) or two (2) business days
(if local) after dispatch or, if such letter is delivered by hand, on the day of delivery; or

 

		(b)	in the case of a communication by facsimile, when sent provided that the transmission is confirmed by
a transmission report.

 

			The Company:

 

	 	 	Address:	89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands
	 	 	Email address:	[    ]

 

			The Executive Officer:

 

	 	 	Address:	[    ]
	 	 	Email address:	[    ]

 

		20.	ASSIGNMENT 

 

This Agreement shall be binding upon
and enure to the benefit of each party hereto and its successors and assigns and personal representatives (as the case may be), provided
always that the Executive Officer may not assign his obligations and liabilities under this Agreement.

 

		21.	RELATIONSHIP

 

None of the provisions of this Agreement
shall be deemed to constitute a partnership or joint venture between the parties for any purpose.

 

		22.	AMENDMENT

 

This Agreement may not be amended,
supplemented or modified except by a written agreement or instrument signed by or on behalf of the parties hereto.

 

		23.	SEVERABILITY

 

Any provision of this Agreement which
is prohibited by or unlawful or unenforceable under any applicable law actually applied by any court of competent jurisdiction shall,
to the extent required by such law, be severed from this Agreement and rendered ineffective so far as is possible without modifying the
remaining provisions of this Agreement. Where, however, the provisions of any such applicable law may be waived, they are hereby waived
by the parties to the full extent permitted by such law to the end that this Agreement shall be a valid and binding agreement enforceable
in accordance with its terms.

 

		24.	LAW AND JURISDICTION

 

This Agreement shall be governed by
and construed in all respects in accordance with the laws of the Singapore and the parties hereby submit to the non-exclusive jurisdiction
of the courts of the Singapore.

  

[The remainder of the page is left
intentionally blank]

 

    13

     

    

 

IN WITNESS whereof this Agreement has been
executed the day and year first above written.

 

The Company

 

	SIGNED by James Foster	)	 
	for and on behalf of	)	 
	VIRAX BIOLABS GROUP LIMITED	)	 
	 	)	 
	in the presence of:-	)	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	 	 	 
	The Executive Officer	 	 
	 	 	 
	SIGNED by [    ]	)	
	 	)	 
	in the presence of:-	)	 

 

 

14Exhibit 10.6

 

INDEPENDENT DIRECTOR AGREEMENT

 

This DIRECTOR AGREEMENT (the
“Agreement”) is made and entered into as of this ____ day of [      ] 2022, by and between Virax Biolabs Group Limited,
a Cayman Islands corporation (the “Company”), and [       ] ([       ] Passport No. [ XXXX]) (the “Independent Director”)
and shall become effective on the closing date of the Company’s initial public offering (the “Effective Date”).

 

WHEREAS, the Company desires
to engage the Independent Director, and the Independent Director desires to serve, as a non-employee director of the Company, subject
to the terms and conditions contained in this Agreement.

 

NOW, THEREFORE, in consideration
of the mutual promises and covenants contained herein, the receipt of which is hereby acknowledged, the Company and the Independent Director,
intending to be legally bound, hereby agree as follows:

 

1.   DEFINITIONS.

 

(a) “Corporate
Status” describes the capacity of the Independent Director with respect to the Company and the services performed by the Independent
Director in that capacity.

 

(b)   “Entity”
shall mean any corporation, partnership, limited liability company, joint venture, trust, foundation, association, organization or other
legal entity.

 

(c)   “Proceeding”
shall mean any threatened, pending or completed claim, action, suit, arbitration, alternate dispute resolution process, investigation,
administrative hearing, appeal, or any other proceeding, whether civil, criminal, administrative or investigative, whether formal or informal,
including a proceeding initiated by the Independent Director pursuant to Section 12 of this Agreement to enforce the Independent Director’s
rights hereunder.

 

(d)   “Expenses”
shall mean all reasonable fees, costs and expenses, approved by the Company in advance and reasonably incurred in connection with any
Proceeding, including, without limitation, attorneys’ fees, disbursements and retainers, fees and disbursements of expert witnesses,
private investigators, professional advisors (including, without limitation, accountants and investment bankers), court costs, transcript
costs, fees of experts, travel expenses, duplicating, printing and binding costs, telephone and fax transmission charges, postage, delivery
services, secretarial services, and other disbursements and expenses.

 

(e)   “Liabilities”
shall mean judgments, damages, liabilities, losses, penalties, excise taxes, fines and amounts paid in settlement.

 

(f)   “Parent”
shall mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities ending with
the Company, if each of the corporations or entities, other than the Company, owns stock or other interests possessing 50% or more of
the economic interest or the total combined voting power of all classes of stock or other interests in one of the other corporations or
entities in the chain.

 

     

     

    

 

(g)   “Subsidiary”
shall mean any corporation or other entity (other than the Company) in any unbroken chain of corporations or other entities beginning
with the Company, if each of the corporations or entities, other than the last corporation or entity in the unbroken chain, owns stock
or other interests possessing 50% or more of the economic interest or the total combined voting power of all classes of stock or other
interests in one of the other corporations or entities in the chain.

 

2.   SERVICES
OF INDEPENDENT DIRECTOR. While this Agreement is in effect, the Independent Director shall perform duties as an independent director and/or
a member of the committees of the Board, be compensated for such and be reimbursed expenses in accordance with the Schedule A attached
to this Agreement, subject to the following.

 

(a)   The
Independent Director will perform services as is consistent with Independent Director’s position with the Company, as required and
authorized by the Articles of Association of the Company, and in accordance with high professional and ethical standards and all applicable
laws and rules and regulations pertaining to the Independent Director’s performance hereunder, including without limitation, laws,
rules and regulations relating to a public company.

 

(b)   The
Independent Director is solely responsible for taxes arising out of any compensation paid by the Company to the Independent Director under
this Agreement. The Independent Director acknowledges and agrees that because he/she is not an employee of the Company, the Company will
not withhold any amounts for taxes from any of his/her payments under the Agreement.

 

(c)   The
Company may offset any and all monies payable to the Independent Director to the extent of any monies owing to the Company from the Independent
Director.

 

(d)   The
rules and regulations of the Company notified to the Independent Director, from time to time, apply to the Independent Director. Such
rules and regulations are subject to change by the Company in its sole discretion. Notwithstanding the foregoing, in the event of any
conflict or inconsistency between the terms and conditions of this Agreement and rules and regulations of the Company, the terms of this
Agreement control.

 

3.   REQUIREMENTS
OF INDEPENDENT DIRECTOR. During the term of the Independent Director’s services to the Company hereunder, Independent Director shall
observe all applicable laws and regulations relating to independent directors of a public company as promulgated from time to time, and
shall not: (1) be an employee of the Company or any Parent or Subsidiary; (2) accept, directly or indirectly, any consulting, advisory,
or other compensatory fee from the Company other than as a director and/or a member of a committee of the Board; (3) be an affiliated
person of the Company or any Parent or Subsidiary, as the term “affiliate” is defined in 17 CFR 240.10A-3(e)(1), other than
in his/her capacity as a director and/or a member of a committee of the Board; (4) possess an interest in any transaction with the Company
or any Parent or Subsidiary, for which disclosure would be required pursuant to 17 CFR 229.404(a), other than in his/her capacity as a
director and/or a member of a committee of the Board committees; (5) be engaged in a business relationship with the Company or any Parent
or Subsidiary, for which disclosure would be required pursuant to 17 CFR 229.404(b), except that the required beneficial interest therein
shall be modified to be 5% hereby.

 

    2

     

    

 

4.   REPORT
OBLIGATION. While this Agreement is in effect, the Independent Director shall immediately report to the Company in the event: (1) the
Independent Director knows or has reason to know or should have known that any of the requirements specified in Section 3 hereof is not
satisfied or is not going to be satisfied; and (2) the Independent Director simultaneously serves on an audit committee of any other public
company.

 

5.   TERM
AND TERMINATION. This Agreement and the Independent Director’s services hereunder shall commence on the date hereof and terminate
upon the earlier of the following:

 

(a)   Removal
of the Independent Director as a director of the Company, upon proper Board or stockholder action in accordance with the Articles of Association
of the Company and applicable law;

 

(b)   Resignation
of the Independent Director as a director of the Company upon written notice to the Board of Directors of the Company;

 

(c)   Disqualification
of the Independent Director as a director of the Company in accordance with the Articles of Association of the Company;

 

(d)   Termination
of this Agreement by the Company, in the event any of the requirements specified in Section 3 hereof is not satisfied, as determined by
the Company in its sole discretion; or

 

(e) Failure of the
stockholders of the Company to re-elect the Independent Director at the Company’s annual shareholders’ meeting.

 

6.   LIMITATION
OF LIABILITY. In no event shall the Independent Director be individually liable to the Company or its shareholders for any damages for
breach of fiduciary duty as an independent director of the Company, unless the Independent Director’s act or failure to act involves
intentional misconduct, fraud, dishonesty or a knowing violation of law.

 

7.   AGREEMENT
OF INDEMNITY. The Company agrees to indemnify the Independent Director as follows:

 

(a)   Subject
to the exceptions contained in Section 8(a) below, if the Independent Director was or is a party or is threatened to be made a party to
any Proceeding (other than an action by or in the right of the Company) by reason of the Independent Director’s Corporate Status,
the Independent Director shall be indemnified by the Company against all Expenses and Liabilities incurred or paid by the Independent
Director in connection with such Proceeding (referred to herein as “INDEMNIFIABLE EXPENSES” and “INDEMNIFIABLE LIABILITIES,”
respectively, and collectively as “INDEMNIFIABLE AMOUNTS”).

 

    3

     

    

 

(b)   Subject
to the exceptions contained in Section 8(b) below, if the Independent Director was or is a party or is threatened to be made a party to
any Proceeding by or in the right of the Company, to procure a judgment in its favor by reason of the Independent Director’s Corporate
Status, the Independent Director shall be indemnified by the Company against all Indemnifiable Expenses.

 

(c)   For
purposes of this Agreement, the Independent Director shall be deemed to have acted in good faith in conducting the Company’s affairs
as an independent director of the Company and/or a member of a committee of the Board of the Company, if the Independent Director: (i)
exercised or used the same degree of diligence, care, and skill as an ordinarily prudent man would have exercised or used under the circumstances
in the conduct of his/her own affairs; or (ii) took, or omitted to take, an action in reliance upon advise of counsels or other professional
advisors for the Company, or upon statements made or information furnished by other directors, officers or employees of the Company, or
upon a financial statement of the Company provided by a person in charge of its accounts or certified by a public accountant or a firm
of public accountants, which the Independent Director had reasonable grounds to believe to be true.

 

8.   EXCEPTIONS
TO INDEMNIFICATION. Director shall be entitled to indemnification under Sections 7(a) and 7(b) above in all circumstances other than the
following:

 

(a)   If
indemnification is requested under Section 7(a) and it has been adjudicated finally by a court or arbitral body of competent jurisdiction
that, in connection with the subject of the Proceeding out of which the claim for indemnification has arisen, (i) the Independent Director
failed to act in good faith and in a manner the Independent Director reasonably believed to be in or not opposed to the best interests
of the Company, (ii) the Independent Director had reasonable cause to believe that the Independent Director’s conduct was unlawful,
or (iii) the Independent Director’s conduct constituted willful misconduct, fraud, dishonesty or knowing violation of law, then
the Independent Director shall not be entitled to payment of Indemnifiable Amounts hereunder.

 

(b)   If
indemnification is requested under Section 7(b) and

 

(i)   it
has been adjudicated finally by a court or arbitral body of competent jurisdiction that, in connection with the subject of the Proceeding
out of which the claim for indemnification has arisen, the Independent Director failed to act in good faith and in a manner the Independent
Director reasonably believed to be in or not opposed to the best interests of the Company, including without limitation, the breach of
Section 4 hereof by the Independent Director, the Independent Director shall not be entitled to payment of Indemnifiable Expenses hereunder;
or

 

(ii)   it
has been adjudicated finally by a court or arbitral body of competent jurisdiction that the Independent Director is liable to the Company
with respect to any claim, issue or matter involved in the Proceeding out of which the claim for indemnification has arisen, including,
without limitation, a claim that the Independent Director received an improper benefit or improperly took advantage of a corporate opportunity,
the Independent Director shall not be entitled to payment of Indemnifiable Expenses hereunder with respect to such claim, issue or matter.

 

    4

     

    

 

9.   WHOLLY
OR PARTLY SUCCESSFUL. Notwithstanding any other provision of this Agreement, and without limiting any such provision, to the extent that
the Independent Director is, by reason of the Independent Director’s Corporate Status, a party to and is successful, on the merits
or otherwise, in any Proceeding, the Independent Director shall be indemnified in connection therewith. If the Independent Director 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 indemnify the Independent Director against those Expenses reasonably incurred by the
Independent Director or on the Independent Director’s behalf in connection with each successfully resolved claim, issue or matter.
For purposes of this section, 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.

 

10.   ADVANCES
AND INTERIM EXPENSES. The Company may pay to the Independent Director all Indemnifiable Expenses incurred by the Independent Director
in connection with any Proceeding, including a Proceeding by or in the right of the Company, in advance of the final disposition of such
Proceeding, if the Independent Director furnishes the Company with a written undertaking, to the satisfaction of the Company, to repay
the amount of such Indemnifiable Expenses advanced to the Independent Director in the event it is finally determined by a court or arbitral
body of competent jurisdiction that the Independent Director is not entitled under this Agreement to indemnification with respect to such
Indemnifiable Expenses.

 

11.   PROCEDURE
FOR PAYMENT OF INDEMNIFIABLE AMOUNTS. The Independent Director shall submit to the Company a written request specifying the Indemnifiable
Amounts, for which the Independent Director seeks payment under Section 7 hereof and the Proceeding of which has been previously notified
to the Company and approved by the Company for indemnification hereunder. At the request of the Company, the Independent Director shall
furnish such documentation and information as are reasonably available to the Independent Director and necessary to establish that the
Independent Director is entitled to indemnification hereunder. The Company shall pay such Indeminfiable Amounts within thirty (30) days
of receipt of all required documents.

 

12.   REMEDIES
OF INDEPENDENT DIRECTOR.

 

(a)   RIGHT
TO PETITION COURT. In the event that the Independent Director makes a request for payment of Indemnifiable Amounts under Sections 7, 9-11
above, and the Company fails to make such payment or advancement in a timely manner pursuant to the terms of this Agreement, the Independent
Director may petition the appropriate judicial authority to enforce the Company’s obligations under this Agreement.

 

(b)   BURDEN
OF PROOF. In any judicial proceeding brought under Section 12 (a) above, the Company shall have the burden of proving that the Independent
Director is not entitled to payment of Indemnifiable Amounts hereunder.

 

(c)   EXPENSES.
The Company agrees to reimburse the Independent Director in full for any Expenses incurred by the Independent Director in connection with
investigating, preparing for, litigating, defending or settling any action brought by the Independent Director under Section 12 (a) above,
or in connection with any claim or counterclaim brought by the Company in connection therewith.

 

    5

     

    

 

(d)   VALIDITY
OF AGREEMENT. The Company shall be precluded from asserting in any Proceeding, including, without limitation, an action under Section
12 (a) above, that the provisions of this Agreement are not valid, binding and enforceable or that there is insufficient consideration
for this Agreement and shall stipulate in court that the Company is bound by all the provisions of this Agreement.

 

(e)   FAILURE
TO ACT NOT A DEFENSE. The failure of the Company (including its Board of Directors or any committee thereof, independent legal counsel,
or stockholders) to make a determination concerning the permissibility of the payment of Indemnifiable Amounts or the advancement of Indemnifiable
Expenses under this Agreement shall not be a defense in any action brought under Section 12 (a) above.

 

13.   PROCEEDINGS
AGAINST COMPANY. Except as otherwise provided in this Agreement, the Independent Director shall not be entitled to payment of Indemnifiable
Amounts or advancement of Indemnifiable Expenses with respect to any Proceeding brought by the Independent Director against the Company,
any Entity which it controls, any director or officer thereof, or any third party, unless the Company has consented to the initiation
of such Proceeding. This section shall not apply to counterclaims or affirmative defenses asserted by the Independent Director in an action
brought against the Independent Director.

 

14.   INSURANCE.
The Company will obtain and maintain a policy or policies of director and officer liability insurance, of which the Independent Director
will be named as an insured, providing the Independent Director with coverage for Indemnifiable Amounts and/or Indemnifiable Expenses
in accordance with said insurance policy or policies (“D&O INSURANCE”); provided that:

 

(a)   The
Independent Director agrees that, while the Company has valid and effective D&O Insurance, and except as provided in (c) of this section,
Sections 7-13 of this Agreement shall not apply, and the Company’s indemnification obligation to the Independent Director under
this Agreement shall be deemed fulfilled by virtue of purchasing and maintaining such insurance policy or policies, in accordance with
the terms and conditions thereof and subject to exclusions stated thereon. The Independent Director agrees that the Company shall have
no obligation to challenge the decisions made by the insurance carrier(s) (“INSURANCE CARRIER”) relating to any claims made
under such insurance policy or policies;

 

(b)   The
Independent Director agrees that the Company’s indemnification obligation to the Independent Director under (a) of this section
shall be deemed discharged and terminated, in the event the Insurance Carrier refused payment for any Proceedings against the Independent
Director due to the acts or omissions of the Independent Director;

 

(c)   While
the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Independent Director for the Indemnifiable
Amounts and Indemnifiable Expenses, to the extent that any Proceedings are coverable by D&O Insurance, but in excess of the policy
amount, in accordance with Sections 7-13 of this Agreement; and

 

    6

     

    

 

(d)   While
the D&O Insurance is valid and effective, the Company agrees that it shall indemnify the Independent Director to the extent that the
Independent Director has liability that would be part of the D&O Insurance deductible, if there is any; and

 

(e)   While
the D&O Insurance is valid and effective, this Section 14 states the entire and exclusive remedy of the Independent Director with
respect to the indemnification obligation of the Company to the Independent Director under this Agreement.

 

15.   SUBROGATION.
In the event of any payment of Indemnifiable Amounts under this Agreement and/or the D&O Insurance, the Company or its Insurance Carrier,
as the case may be, shall be subrogated to the extent of such payment to all of the rights of contribution or recovery of the Independent
Director against other persons, and the Independent Director shall take, at the request of the Company, all reasonable action necessary
to secure such rights, including the execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights.

 

16.   AUTHORITY.
Each party has all necessary power and authority to enter into, and be bound by the terms of, this Agreement, and the execution, delivery
and performance of the undertakings contemplated by this Agreement have been duly authorized by each party hereto:

 

17.   SUCCESSORS
AND ASSIGNMENT. This Agreement shall (a) be binding upon and inure to the benefit of all successors and assigns of the Company (including
any transferee of all or a substantial portion of the business, stock and/or assets of the Company and any direct or indirect successor
by merger or consolidation or otherwise by operation of law), and (b) be binding on and shall inure to the benefit of the heirs, personal
representatives, executors and administrators of the Independent Director. The Independent Director has no power to assign this Agreement
or any rights and obligations hereunder.

 

18.   CHANGE
IN LAW. To the extent that a change in applicable law (whether by statute or judicial decision) shall mandate broader or narrower indemnification
than is provided hereunder, the Independent Director shall be subject to such broader or narrower indemnification and this Agreement shall
be deemed to be amended to such extent.

 

19.   SEVERABILITY.
Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be effective and valid under applicable
law, but if any provision of this Agreement, or any clause thereof, shall be determined by a court of competent jurisdiction to be illegal,
invalid or unenforceable, in whole or in part, such provision or clause shall be limited or modified in its application to the minimum
extent necessary to make such provision or clause valid, legal and enforceable, and the remaining provisions and clauses of this Agreement
shall remain fully enforceable and binding on the parties.

 

20.   MODIFICATIONS
AND WAIVER. Except as provided in Section 18 hereof with respect to changes in applicable law which broaden or narrow the right of the
Independent Director to be indemnified by the Company, no supplement, modification or amendment of this Agreement shall be binding unless
executed in writing by each of the parties hereto. No delay in exercise or non-exercise by the Company of any right under this Agreement
shall operate as a current or future waiver by it as to its same or different rights under this Agreement or otherwise.

 

    7

     

    

 

21.   NOTICES.
All notices, requests, demands and other communications hereunder shall be in writing in English and shall be deemed to have been duly
given (a) when delivered by hand, (b) when transmitted by facsimile and receipt is acknowledged, or (c) if mailed by express mail with
delivery confirmation with postage prepaid, on the 5th business day after the date on which it is so mailed:

 

If to Independent Director,
to: [      ]

 

If to the Company, to: 30
Broadwick Street, London, W1F 8LX, United Kingdom.

 

Or to such other address as
may have been furnished in the same manner by any party to the others.

 

22.   GOVERNING
LAW. This Agreement shall be governed by and construed and enforced under the state laws of New York.

 

23.   AGREEMENT
GOVERNS. This Agreement is to be deemed consistent wherever possible with relevant provisions of the Articles of Association of the Company;
however, in the event of a conflict between this Agreement and such provisions, the provisions of this Agreement shall control.

 

24.   INDEPENDENT
CONTRACTOR. The parties understand, acknowledge and agree that the Independent Director’s relationship with the Company is that
of an independent contractor and nothing in this Agreement is intended to or should be construed to create a relationship other than that
of independent contractor. Nothing in this Agreement shall be construed as a contract of employment/engagement between the Independent
Director and the Company or as a commitment on the part of the Company to retain the Independent Director in any capacity, for any period
of time or under any specific terms or conditions, or to continue the Independent Director’s service to the Company beyond any period.

 

25.   ENTIRE
AGREEMENT. This Agreement constitutes the entire agreement between the Company and the Independent Director with respect to the subject
matter hereof, and supersedes all prior understandings and agreements with respect to such subject matter.

 

    8

     

    

 

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

 

	AGREED	 	AGREED	 
	 	 	 	 
	Company:	 	Independent Director	 
	Virax Biolabs Group Limited	 	 	 
	 	 	 	 
		 		 
	Name: James Foster	 	Name: [       ]	 
	Title:  Chief Executive Officer	 	 	 

 

    9

     

    

 

SCHEDULE A

 

I   POSITION:

 

INDEPENDENT DIRECTOR.

 

II.   COMPENSATION:

 

FEES. For all services rendered
by the Independent Director pursuant to this Agreement, both during and outside of normal working hours, including but not limited to,
attending all required meetings of the Board or applicable committees thereof, executive sessions of the independent directors, reviewing
filing reports and other corporate documents as requested by the Company, providing comments and opinions as to business matters as requested
by the Company, the Company agrees to pay to the Independent Director fees in accordance with the schedule set forth below:

 

The Company grants the Independent
Director a stock option-based compensation of US$[ ] worth of Class A ordinary shares per annum, with the amount of such awards granted
and the terms and conditions thereof to be determined from time to time by and in the sole discretion of the compensation committee of
the Board.

 

EXPENSES. During the term of
the Independent Director’s service as a director of the Company, the Company shall promptly reimburse the Independent Director for
all expenses approved by the Company in advance and incurred by his/her in connection with attending (a) all meetings of the Board or
applicable committees thereof, (b) executive sessions of the independent directors, and (c) stockholder meetings, as a director or a member
of any committee of the Board, which are approved by the Company in advance. In addition, the Independent Director shall rely on the Company
to arrange for all hotel accommodations in connection with any such meetings the Independent Director must attend. The amount of such
expenses eligible for reimbursement by the Company during a calendar year shall not affect such expenses eligible for reimbursement by
the Company in any other calendar year, and the reimbursement of any such eligible expenses shall be made promptly, usually within 10
business days, after the expense report and original receipts are submitted.

 

NO OTHER BENEFITS OR COMPENSATION.
The Independent Director acknowledges and agrees that he/she is not granted and is not entitled to any other benefits or compensation
from the Company for the services provided under this Agreement except expressly provided for in this Schedule A or as determined from
time to time by the Company in its sole discretion.

 

	AGREED	 	AGREED	 
	 	 	 	 
	Company:	 	Independent Director	 
	Virax Biolabs Group Limited	 	 	 
	 	 	 	 
		 		 
	Name: James Foster	 	Name: [      ]	 
	Title:  Chief Executive Officer	 	 	 

 

 

10

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