Document:

Exhibit 10.5

 

EMPLOYMENT AGREEMENT

 

This EMPLOYMENT AGREEMENT (the “Agreement”)
is made and entered into as of this ____day of ____, 2019 (the “Effective Date”), by and between Oriental Culture
Holding Ltd., a Cayman Islands company (the “Company”), and ______ (the “Executive”).

 

WITNESSETH:

 

WHEREAS, the parties
desire to enter into this Agreement setting forth the terms and conditions of the employment relationship between the Executive
and the Company.

 

NOW, THEREFORE,
in consideration of the foregoing premises and the mutual covenants and agreements contained herein, the parties hereto agree as
follows:

 

1. EMPLOYMENT.

 

1.1 Agreement to Employ.
The Company hereby agrees to employ Executive, and Executive hereby agrees to serve, subject to the provisions of this Agreement,
as an officer and employee of the Company.

 

1.2 Duties and Schedule.
Executive shall serve as the Company’s ______ (“ ”). The responsibilities of the Executive shall be subject to
the bylaws of the Company and determined by the Board of Directors of the Company (the “Board”). The Executive
shall report directly to the Board and shall have such responsibilities as designated by the Board of the Company to the extent
that such responsibilities are not inconsistent with all applicable laws, regulations and rules. Executive shall devote his best
efforts and all of his business time to his position with the Company.

 

2. TERM OF EMPLOYMENT.
Unless Executive’s employment shall sooner terminate pursuant to Section 4, the Company shall employ Executive for a one-year
term commencing on the Effective Date (the “Term”), which Term shall be renewable upon mutual agreement of the
Company and the Executive, as approved by the Board.

 

3. COMPENSATION.

 

3.1  Salary.
Executive’s salary during the Term shall be RMB_____ per year (the “Salary”), payable monthly.

 

3.2 Bonus.
At the sole discretion of the Board, or any committee duly designated by the Board and authorized to act thereto, the Executive
shall be eligible for an annual cash bonus.

 

3.3 Vacation.
Executive shall be entitled to __ days of paid vacation per year. In the event that Executive remains employed by the Company for
3 years or more, Executive shall be entitled to ___ days of paid vacation.

 

3.4 Business Expenses.
Executive shall be reimbursed by the Company for all ordinary and necessary expenses incurred by Executive; provided that they
are incurred and approved in writing in accordance with the Company’s expense policy.

 

3.5 Benefits.
During the Term, Executive shall be allowed to participate, on the same basis generally as other employees of the Company, in all
general employee benefit plans and programs, including improvements or modifications of the same, which may exist as of the Effective
Date or thereafter and which are made available by the Company to all or substantially all of its employees. Such benefits, plans,
and programs may include, without limitation, any health, and dental insurance, if and when instituted. Any benefit plan currently
existing or instituted by the Company after the Effective Date may be altered, change or discontinued by the Company at its sole
discretion and at any time without obligation of any nature to Executive. Except as specifically provided herein, nothing in this
Agreement is to be construed or interpreted to increase or alter in any way the rights, participation, coverage, or benefits under
such benefit plans or programs to other than those provided to other employees pursuant to the terms and conditions of such benefit
plans and programs.  

 

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4. TERMINATION.

 

4.1 Death.
This Agreement shall terminate immediately upon the death of Executive, and Executive’s estate or Executive’s legal
representative, as the case may be, shall be entitled to Executive’s accrued and unpaid Salary as of the date of Executive’s
death, plus all other compensation and benefits that were vested through the date of Executive’s death.

 

4.2 Disability.
In the event of Executive’s Disability, this Agreement shall terminate and Executive shall be entitled to (a) accrued and
unpaid Salary and vacation through the first date that a Disability is determined; and (b) all other compensation and benefits
that were vested through the first date that a Disability has been determined. “Disability” means the
good faith determination of the Board that Executive has become so physically or mentally incapacitated or disabled as to be unable
to satisfactorily perform his duties hereunder for a period of ninety (90) consecutive calendar days or for one- hundred twenty
(120) days in any three-hundred sixty (360) day period, such determination based upon a certificate as to such physical or mental
disability issued by a licensed physician and/or psychiatrist (as the case may be) mutually agreed upon by Executive and the Company.

 

4.3 Termination by Company for Cause.  The
Company may terminate the Executive for Cause and such termination shall take effect upon the receipt by Executive of the Notice
of Termination. Upon the effective date of the termination for Cause, Executive shall be solely entitled to accrued and unpaid
Salary through such effective date. “Cause” means: (i) engaging in any act, omission or misconduct that
is injurious to the Company or an affiliate; (ii) gross negligence or willful misconduct in connection with the performance of
duties; (iii) conviction of a criminal offense (other than minor traffic offenses); (iv) fraud, embezzlement or misappropriation
of funds or property of the Company or an affiliate; (v) material breach of any term of any employment or other services, confidentiality,
intellectual property or non-competition agreements, if any, between the Executive and the Company or an affiliate; (vi) the entry
of an order duly issued by any regulatory agency (including federal, state and local regulatory agencies and self-regulatory bodies)
having jurisdiction over the Company or an affiliate requiring the removal of the Executive from any office held with the Company
or prohibiting the Executive from participating in the business or affairs of the Company or any affiliate; or (vii) the revocation
or threatened revocation of any of the Company’s or an affiliate’s government licenses, permits or approvals, which
is primarily due to the Executive’s action or inaction and such revocation or threatened revocation would be alleviated or
mitigated in any material respect by the termination of the Executive’s employment or services with the Company or an affiliate.

 

 4.4 Voluntary
Termination by Executive. The Executive may voluntarily terminate his employment for any reason and such termination shall
take effect 30 days after the receipt by Company of the Notice of Termination. Upon the effective date of such termination, Executive
shall be entitled to (a) accrued and unpaid Salary and vacation through such termination date; and (b) all other compensation and
benefits that were vested through such termination date.  In the event Executive is terminated without notice, it shall
be deemed a termination by the Company for Cause.

 

4.5 Notice of Termination.
Any termination of the employment by the Company or the Executive shall be communicated by a notice in accordance with Section
8.4 of this Agreement (the “Notice of Termination”).   Such notice shall (a) indicate the specific
termination provision in this Agreement relied upon and (b) if the termination is for Cause, the date on which the Executive’s
employment is to be terminated.

 

4.6 Severance.
The Executive shall not be entitled to severance payments upon any termination provided in Section 4 herein.

 

5. EMPLOYEE’S
REPRESENTATION. The Executive represents and warrants to the Company that: (a) he is subject to no contractual, fiduciary or
other obligation which may affect the performance of his duties under this Agreement; (b) he has terminated, in accordance with
their terms, any contractual obligation which may affect his performance under this Agreement; and (c) his employment with the
Company will not require him to use or disclose proprietary or confidential information of any other person or entity.

 

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6. CONFIDENTIAL INFORMATION
Except as permitted or directed by the Board of Directors of the Company in writing, during the time the Executive is employed
by the Company or at any time thereafter, the Executive shall not use for his personal purposes nor divulge, furnish, or make accessible
to anyone or use in any way (other than in the ordinary course of the business of the Company) any confidential or secret information
or knowledge of the Company, whether developed by himself or by others. Such confidential and/or secret information encompassed
by this Section 6 includes, but is not limited to, the Company’s customer and supplier lists, business plans, software,
systems, and financial, marketing, and personnel information. The Executive agrees to refrain from any acts or omissions that would
reduce the value of any confidential or secret knowledge or information to the Company, both during his employment hereunder and
at any time after the termination of his employment. The Executive’s obligations of confidentiality under this Section 6
shall not apply to any knowledge or information that is now published publicly or that subsequently becomes generally publicly
known, other than as a direct or indirect result of a breach of this Agreement by the Executive.

 

7. NON-COMPETITION:
NON-SOLICITATION; INVENTIONS.

 

7.1 Non-Competition.
 During the employment of the Executive under this Agreement and for a period of six (6) months after termination of
such employment, the Executive shall not at any time compete on his own behalf, or on behalf of any other person or entity,
with the Company or any of its affiliates within all territories in which the Company does business with respect to the business
of the Company or any of its affiliates as such business shall be conducted on the date hereof or during the employment of the
Executive under this Agreement. The ownership by the Executive of not more than 5% of a corporation, partnership or other enterprise
shall not constitute a violation hereof.

 

7.2 Non-Solicitation.  During
the employment of the Executive under this Agreement and thereafter Executive shall not at any time (i) solicit or induce,
on his own behalf or on behalf of any other person or entity, any employee of the Company or any of its affiliates to leave the
employ of the Company or any of its affiliates; or (ii) solicit or induce, on his own behalf or on behalf of any other person
or entity, any customer or Prospective Customer of the Company or any of their respective affiliates to reduce its business with
the Company or any of its affiliates. For the purposes of this Agreement, “Prospective Customer” shall mean
any individual, corporation, trust or other business entity which has either (a) entered into a nondisclosure agreement with the
Company or any Company subsidiary or affiliate or (b) has within the preceding 12 months received a currently pending and not rejected
written proposal in reasonable detail from the Company or any of the Company’s subsidiary or affiliate.

 

7.3 Inventions and Patents.
The Company shall be entitled to the sole benefit and exclusive ownership of any inventions or improvements in products, processes,
or other things that may be made or discovered by Executive while he is in the service of the Company, and all patents for the
same. During the Term, Executive shall do all acts necessary or required by the Company to give effect to this section and, following
the Term, Executive shall do all acts reasonably necessary or required by the Company to give effect to this section.  In
all cases, the Company shall pay all costs and fees associated with such acts by Executive.

 

7.4 Return of Property.  The
Executive agrees that all property in the Executive’s possession that he obtains or is assigned in the course of his employment
with the Company, including, without limitation, all documents, reports, manuals, memoranda, customer lists, credit cards, keys,
access cards, and all other property relating in any way to the business of the Company, is the exclusive property of the Company,
even if the Executive authored, created, or assisted in authoring or creating such property. The Executive shall return to the
Company all such property immediately upon termination of employment or at such earlier time as the Company may request.

 

7.5 Court
Ordered Revisions. If any portion of this Section 7 is found by a court of competent jurisdiction to be invalid
or unenforceable, but would be valid and enforceable if modified, this Section 7 shall apply with such modifications necessary
to make this Section 7 valid and enforceable.  Any portion of this Section 7 not required to be so modified shall
remain in full force and effect and not be affected thereby.

 

7.6 Specific Performance.
The Executive acknowledges that the remedy at law for any breach of any of the provisions of Section 7 will be inadequate, and
that the Company shall be entitled, in addition to any remedy at law or in equity, to preliminary and permanent injunctive relief
and specific performance.

 

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8. MISCELLANEOUS.

 

8.1 Indemnification.  The
Company and each of its subsidiaries shall, to the maximum extent provided under applicable law, indemnify and hold Executive harmless
from and against any expenses, including reasonable attorney’s fees, judgments, fines, settlements and other legally permissible
amounts (“Losses”), incurred in connection with any proceeding arising out of, or related to, Executive’s
employment by the Company, other than any such Losses incurred as a result of Executive’s negligence or willful misconduct.  The
Company shall, or shall cause a subsidiary thereof to, advance to Executive any expenses, including attorney’s fees and costs
of settlement, incurred in defending any such proceeding to the maximum extent permitted by applicable law.  Such costs
and expenses incurred by Executive in defense of any such proceeding shall be paid by the Company or applicable subsidiary in advance
of the final disposition of such proceeding promptly upon receipt by the Company of (a) written request for payment; (b) appropriate
documentation evidencing the incurrence, amount and nature of the costs and expenses for which payment is being sought; and (c)
an undertaking adequate under applicable law made by or on behalf of Executive to repay the amounts so advanced if it shall ultimately
be determined pursuant to any non-appealable judgment or settlement that Executive is not entitled to be indemnified by the Company
or any subsidiary thereof.  The Company will provide Executive with coverage under all directors and officers liability
insurance policies that it has in effect during the Term, with no deductible to Executive.

 

 8.2 Applicable
Law. Except as may be otherwise provided herein, this Agreement shall be governed by and construed in accordance with the laws
of the Cayman Islands, applied without reference to principles of conflict of laws. Each party hereby irrevocably submits to the
exclusive jurisdiction of the courts sitting in Cayman Islands.

 

8.3 Amendments.
This Agreement may not be amended or modified otherwise than by a written agreement executed by the parties hereto or their respective
successors or legal representatives.

 

8.4 Notices.  All
notices and other communications hereunder shall be in writing and shall be given by hand-delivery to the other party, by an international
mail courier, or by registered or certified mail, return receipt requested, postage prepaid, addressed as follows:

 

If to the Executive:

 

________________________

________________________

 

 

If to the Company:

________________________

________________________

Attn:  Board of Directors

 

Or to such other address as either party shall
have furnished to the other in writing in accordance herewith.  Notices and communications shall be effective when delivered
to the addressee.

 

8.5 Withholding.
The Company may withhold from any amounts payable under the Agreement, such federal, state and local income, unemployment, social
security and similar employment related taxes and similar employment related withholdings as shall be required to be withheld pursuant
to any applicable law or regulation.

 

8.6 Severability.
The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other
provision of this Agreement and any such provision which is not valid or enforceable in whole shall be enforced to the maximum
extent permitted by law.

 

8.7 Captions. The
captions of this Agreement are not part of the provisions and shall have no force or effect.

 

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8.8 Entire Agreement.
This Agreement contains the entire agreement among the parties concerning the subject matter hereof and supersedes all prior agreements,
understandings, discussions, negotiations and undertakings, whether written or oral, between the parties with respect thereto.

 

8.9 Survival. The
respective rights and obligations of the parties hereunder shall survive any termination of this Agreement or the Executive’s
employment hereunder to the extent necessary to the intended preservation of such rights and obligations.

 

8.10 Waiver. Either
Party's failure to enforce any provision or provisions of this Agreement shall not in any way be construed as a waiver of any such
provision or provisions, or prevent that party thereafter from enforcing each and every other provision of this Agreement.

 

8.11 Successors.  This
Agreement is personal to Executive and, without the prior express written consent of the Company, shall not be assignable by Executive.
This Agreement shall inure to the benefit of and be enforceable by Executive’s estate, heirs, beneficiaries, and/or legal
representatives. This Agreement shall inure to the benefit of and be binding upon the Company and its successors and assigns.

 

8.12 Joint Efforts/Counterparts.
Preparation of this Agreement shall be deemed to be the joint effort of the parties hereto and shall not be construed more severely
against any party.  This Agreement may be signed in two or more counterparts, each of which shall be deemed an original
and all of which together shall constitute one and the same instrument.

 

8.13 Representation
by Counsel.   Each Party hereby represents that it has had the opportunity to be represented by legal counsel
of its choice in connection with the negotiation and execution of this Agreement.

 

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

 

 

	
        EXECUTIVE: 
	 	
        ORIENTAL CULTURE HOLDING LTD 

	 	 	 
	 	 	 
	 	 	 
	/s/                               	 	/s/                               

 

    5Exhibit 10.6

 

INDEMNIFICATION AGREEMENT

 

This Indemnification
Agreement (this “Agreement”), dated as of ______________, is by and between Oriental Culture Holding LTD, a
company incorporated under the laws of the Cayman Islands (the “Company”) and ______________ (the “Indemnitee”).

 

RECITALS

 

WHEREAS, Indemnitee
is a director or officer of the Company and in such capacity renders valuable services to the Company;

 

WHEREAS, both
the Company and Indemnitee recognize the increased risk of litigation and other claims being asserted against directors and officers
of public companies;

 

WHEREAS, the
board of directors of the Company (the “Board”) has determined that enhancing the ability of the Company to
retain and attract as directors and officers the most capable persons is in the best interests of the Company and that the Company
therefore should seek to assure such persons that indemnification is available; and

 

WHEREAS, in
recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee’s
continued service as a director or officer of the Company and to enhance Indemnitee’s ability to serve the Company in an
effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective
of, among other things, any amendment to the Company’s Certificate of Incorporation or Memorandum and Articles of Association
(collectively, the “Constituent Documents”), any change in the composition of the Board or any change in control
or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for the indemnification
of, and the advancement of Expenses (as defined in Section 1 below) to, Indemnitee as set forth in this Agreement.

 

NOW, THEREFORE,
in consideration of the foregoing and the Indemnitee’s agreement to continue to provide services to the Company, the parties
agree as follows:

 

AGREEMENT

 

1. Definitions.
For purposes of this Agreement, the following terms shall have the following meanings:

 

(a) “Beneficial
Owner” has the meaning given to the term “beneficial owner” in Rule 13d-3 under the Securities Exchange Act
of 1934, as amended (the “Exchange Act”).

 

(b) “Change
in Control” means the occurrence after the date of this Agreement of any of the following events:

 

(i) any Person
is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 51% or more of the Company’s
then outstanding Voting Securities;

 

(ii) the consummation
of a reorganization, merger or consolidation, unless immediately following such reorganization, merger or consolidation, all of
the Beneficial Owners of the Voting Securities of the Company immediately prior to such transaction beneficially own, directly
or indirectly, more than 51% of the combined voting power of the outstanding Voting Securities of the entity resulting from such
transaction;

 

    

     

    

 

(iii) during
any period of two consecutive years, not including any period prior to the execution of this Agreement, individuals who at the
beginning of such period constituted the Board (including for this purpose any new directors whose election by the Board or nomination
for election by the Company’s stockholders was approved by a vote of at least two-thirds of the directors then still in office
who either were directors at the beginning of the period or whose election or nomination for election was previously so approved)
cease for any reason to constitute at least a majority of the Board; or

 

(iv) the stockholders
of the Company approve a plan of complete liquidation or dissolution of the Company or an agreement for the sale or disposition
by the Company of all or substantially all of the Company’s assets.

 

(c) “Claim”
means:

 

(i) any threatened,
pending or completed action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative,
arbitrative, investigative or other, and whether made pursuant to federal, state or other law; or

 

(ii) any inquiry,
hearing or investigation that the Indemnitee determines might lead to the institution of any such action, suit, proceeding or alternative
dispute resolution mechanism.

 

(d) “Disinterested
Director” means a director of the Company who is not and was not a party to the Claim in respect of which indemnification
is sought by Indemnitee.

 

(e) “Expenses”
means any and all expenses, including attorneys’ and experts’ fees, court costs, transcript costs, travel expenses,
duplicating, printing and binding costs, telephone charges, and all other costs and expenses incurred in connection with investigating,
defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in,
any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Claim, including
without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond, or other appeal bond
or its equivalent, and (ii) for purposes of Section 4 only, Expenses incurred by Indemnitee in connection with the interpretation,
enforcement or defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. Expenses, however, shall
not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

(f) “Expense
Advance” means any payment of Expenses advanced to Indemnitee by the Company pursuant to Section 3 or Section
4 hereof.

 

(g) “Indemnifiable
Event” means any event or occurrence, whether occurring before, on or after the date of this Agreement, related to Indemnitee’s
services as a director or officer of the Company or any subsidiary of the Company.

 

(h) “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently
performs, nor in the past five years has performed, services for either: (i) the Company or Indemnitee (other than in connection
with matters concerning Indemnitee under this Agreement or of other indemnitees under similar agreements) or (ii) any other party
to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel”
shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict
of interest in representing either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

 

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(i) “Losses”
means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or other), ERISA
excise taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign
taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and all other charges paid or payable
in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend,
be a witness or participate in, any Claim.

 

(j) “Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association,
organization, governmental entity or other entity and includes the meaning set forth in Sections 13(d) and 14(d) of the Exchange
Act.

 

(k) “Standard
of Conduct Determination” shall have the meaning ascribed to it in Section 8(b) below.

 

(l) “Voting
Securities” means any securities of the Company that vote generally in the election of directors.

 

2. Indemnification.
Subject to Section 8 and Section 9 of this Agreement, the Company shall indemnify Indemnitee, to the fullest extent
permitted by the laws of the Cayman Islands in effect on the date hereof, or as such laws may from time to time hereafter be amended
to increase the scope of such permitted indemnification, against any and all Losses if Indemnitee was or is or becomes a party
to or participant in, or is threatened to be made a party to or participant in, any Claim by reason of or arising in part out of
an Indemnifiable Event, including, without limitation, Claims brought by or in the right of the Company, Claims brought by third
parties, and Claims in which the Indemnitee is solely a witness.

 

3. Advancement
of Expenses. Indemnitee shall have the right to advancement by the Company, prior to the final disposition of any Claim
by final adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred
by Indemnitee in connection with any Claim arising out of an Indemnifiable Event at the written request of Indemnitee. Indemnitee
shall set forth in such request reasonable evidence that such Expenses have been paid or incurred by Indemnitee. Indemnitee’s
right to such advancement is not subject to the satisfaction of any standard of conduct. Without limiting the generality or effect
of the foregoing, within thirty days after any request by Indemnitee, the Company shall, in accordance with such request, (a) pay
such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse
Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide
any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client
privilege. The Company’s obligation to pay Expense Advances to Indemnitee is contingent upon Indemnitee’s execution
and delivery to the Company of an undertaking to repay any amounts paid, advanced, or reimbursed by the Company for such Expenses
to the extent that it is ultimately determined, following the final disposition of such Claim, that Indemnitee is not entitled
to indemnification hereunder. Indemnitee’s obligation to reimburse the Company for Expense Advances shall be unsecured and
no interest shall be charged thereon.

 

4. Indemnification
for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law, the Company shall also indemnify
Indemnitee against, and, if requested by Indemnitee, shall advance to Indemnitee subject to and in accordance with Section 3,
any Expenses actually and reasonably paid or incurred by Indemnitee in connection with any action or proceeding by Indemnitee for
(a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under
any other agreement or provision of the Constituent Documents now or hereafter in effect relating to Claims relating to Indemnifiable
Events, and/or (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company.
However, in the event that Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery,
as the case may be, then all amounts advanced under this Section 4 shall be repaid.

 

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5. Partial Indemnity.
If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for a portion of any Losses in
respect of a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify
Indemnitee for the portion thereof to which Indemnitee is entitled.

 

6. Notification
and Defense of Claims.

 

(a) Notification
of Claims. Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to an Indemnifiable
Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available
to Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by Indemnitee to timely notify the Company hereunder
shall not relieve the Company from any liability hereunder unless the Company’s ability to participate in the defense of
such claim was materially and adversely affected by such failure. If at the time of the receipt of such notice, the Company has
directors’ and officers’ liability insurance in effect under which coverage for Claims related to Indemnifiable Events
is potentially available, the Company shall give prompt written notice to the applicable insurers in accordance with the procedures
set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable
insurers, and copies of all subsequent correspondence between the Company and such insurers regarding the Claim, in each case substantially
concurrently with the delivery or receipt thereof by the Company.

 

(b) Defense
of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event at its
own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with
counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense
of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently
directly incurred by Indemnitee in connection with Indemnitee’s defense of such Claim other than reasonable costs of investigation
or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Claim, but all Expenses
related to such counsel incurred after notice from the Company of its assumption of the defense shall be at Indemnitee’s
own expense; provided, however, that if (i) Indemnitee’s employment of its own legal counsel has been authorized by the Company,
(ii) Indemnitee has reasonably determined that there may be a conflict of interest between Indemnitee and the Company in the defense
of such Claim, (iii) after a Change in Control, Indemnitee’s employment of its own counsel has been approved by the Independent
Counsel or (iv) the Company shall not in fact have employed counsel to assume the defense of such Claim, then Indemnitee shall
be entitled to retain its own separate counsel (but not more than one law firm) and all Expenses related to such separate counsel
shall be borne by the Company.

 

7. Procedure
upon Application for Indemnification. In order to obtain indemnification pursuant to this Agreement, Indemnitee shall submit
to the Company a written request therefor, including in such request such documentation and information as is reasonably available
to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification following
the final disposition of the Claim. Indemnification shall be made insofar as the Company determines Indemnitee is entitled to indemnification
in accordance with Section 8 below.

 

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8. Determination
of Right to Indemnification.

 

(a) Mandatory
Indemnification; Indemnification as a Witness. 

 

(i) To the
extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim relating to an Indemnifiable
Event or any portion thereof or in defense of any issue or matter therein, including without limitation dismissal without prejudice,
Indemnitee shall be indemnified against all Losses relating to such Claim in accordance with Section 2 to the fullest extent
allowable by law, and no Standard of Conduct Determination (as defined in Section 8(b)) shall be required.

 

(ii) To the
extent that Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to serve and serve as a
witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest
extent allowable by law and no Standard of Conduct Determination (as defined in Section 8(b)) shall be required.

 

(b) Standard
of Conduct. To the extent that the provisions of Section 8(a) are inapplicable to a Claim related to an Indemnifiable
Event that shall have been finally disposed of, any determination of whether Indemnitee has satisfied any applicable standard of
conduct that is a legally required condition to indemnification of Indemnitee hereunder against Losses relating to such Claim and
any determination that Expense Advances must be repaid to the Company (a “Standard of Conduct Determination”)
shall be made as follows:

 

(i) if no Change
in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the Board, (B) by
a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum
or (C) if there are no such Disinterested Directors, by Independent Counsel in a written opinion addressed to the Board, a copy
of which shall be delivered to Indemnitee; and

 

(ii) if a Change
in Control shall have occurred, (A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested Directors,
even if less than a quorum of the Board or (B) otherwise, by Independent Counsel in a written opinion addressed to the Board, a
copy of which shall be delivered to Indemnitee.

 

(c) Making
the Standard of Conduct Determination. The Company shall use its reasonable best efforts to cause any Standard of Conduct Determination
required under Section 8(b) to be made as promptly as practicable. If the person or persons designated to make the Standard
of Conduct Determination under Section 8(b) shall not have made a determination within thirty days after the later of (A)
receipt by the Company of a written request from Indemnitee for indemnification pursuant to Section 7 (the date of such
receipt being the “Notification Date”) and (B) the selection of an Independent Counsel, if such determination
is to be made by Independent Counsel, then Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided
that such 30-day period may be extended for a reasonable time, if the person or persons making such determination in good faith
requires such additional time to obtain or evaluate information relating thereto. Notwithstanding anything in this Agreement to
the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be
made prior to the final disposition of any Claim.

 

    5

     

    

 

(d) Payment
of Indemnification. If, in regard to any Losses:

 

(i) Indemnitee
shall be entitled to indemnification pursuant to Section 8(a);

 

(ii) no Standard
Conduct Determination is legally required as a condition to indemnification of Indemnitee hereunder; or

 

(iii) Indemnitee
has been determined or deemed pursuant to Section 8(b) or Section 8(c) to have satisfied the Standard of Conduct
Determination,

 

then the Company
shall pay to Indemnitee, within thirty days after the later of (A) the Notification Date or (B) the earliest date on which the
applicable criterion specified in clause (i), (ii) or (iii) is satisfied, an amount equal to such Losses.

 

(e) Selection
of Independent Counsel for Standard of Conduct Determination. If a Standard of Conduct Determination is to be made by Independent
Counsel pursuant to Section 8(b), the Independent Counsel shall be selected by the Board, and the Company shall give written
notice to Indemnitee advising of the identity of the Independent Counsel so selected. If Indemnitee, within five days after receiving
written notice of selection from the Company, deliver to the other a written objection to such selection; provided, however, that
such objection may be asserted only on the ground that the Independent Counsel so selected does not satisfy the criteria set forth
in the definition of “Independent Counsel” in Section 1, and the objection shall set forth with particularity
the factual basis of such assertion. Absent a proper and timely objection, the person or firm so selected shall act as Independent
Counsel. If such written objection is properly and timely made and substantiated, (i) the Independent Counsel so selected may not
serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without
merit; and (ii) the Board may, at its option, select an alternative Independent Counsel and give written notice to the Indemnitee
advising the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding
sentences, the introductory clause of this sentence and numbered clause (i) of this sentence shall apply to such subsequent selection
and notice. If applicable, the provisions of clause (ii) of the immediately preceding sentence shall apply to successive alternative
selections. If no Independent Counsel that is permitted under the foregoing provisions of this Section 8(e) to make the
Standard of Conduct Determination shall have been selected within twenty days after the Company gives its initial notice pursuant
to the first sentence of this Section 8(e), either the Company or Indemnitee may petition a court of competent jurisdiction
to resolve any objection which shall have been made by the Indemnitee to the selection of Independent Counsel and/or to appoint
as Independent Counsel a person to be selected by such court or such other person as the court shall designate, and the person
or firm with respect to whom all objections are so resolved or the person or firm so appointed will act as Independent Counsel.
In all events, the Company shall pay all of the reasonable fees and expenses of the Independent Counsel incurred in connection
with the Independent Counsel’s determination pursuant to Section 8(b).

 

(f) Presumptions
and Defenses. 

 

(i) Indemnitee’s
Entitlement to Indemnification. In making any Standard of Conduct Determination, the person or persons making such determination
shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company
shall have the burden of proof to overcome that presumption and establish that Indemnitee is not so entitled. Any Standard of Conduct
Determination that is adverse to Indemnitee may be challenged by the Indemnitee in a court of competent jurisdiction. No determination
by the Company (including by its directors or any Independent Counsel) that Indemnitee has not satisfied any applicable standard
of conduct may be used as a defense to any legal proceedings brought by Indemnitee to secure indemnification or reimbursement or
advance payment of Expenses by the Company hereunder or create a presumption that Indemnitee has not met any applicable standard
of conduct.

 

    6

     

    

 

(ii) Reliance
as a Safe Harbor. For purposes of this Agreement, and without creating any presumption as to a lack of good faith if the following
circumstances do not exist, Indemnitee shall be deemed to have acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the Company if Indemnitee’s actions or omissions to act are taken in good
faith reliance upon the records of the Company, including its financial statements, or upon information, opinions, reports or statements
furnished to Indemnitee by the officers or employees of the Company or any of its subsidiaries in the course of their duties, or
by committees of the Board or by any other Person (including legal counsel, accountants and financial advisors) as to matters Indemnitee
reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable
care by or on behalf of the Company. In addition, the knowledge and/or actions, or failures to act, of any director, officer, agent
or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder.

 

(iii) No
Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order, settlement (whether with
or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, will not create a presumption that
Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification hereunder is
otherwise not permitted.

 

(iv) Defense
to Indemnification and Burden of Proof. It shall be a defense to any action brought by Indemnitee against the Company to enforce
this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim related to an
Indemnifiable Event in advance of its final disposition) that it is not permissible under applicable law for the Company to indemnify
Indemnitee for the amount claimed. In connection with any such action or any related Standard of Conduct Determination, the burden
of proving such a defense or that the Indemnitee did not satisfy the applicable standard of conduct shall be on the Company.

 

9. Exclusions
from Indemnification. Notwithstanding anything in this Agreement to the contrary, the Company shall not be obligated to:

 

(a) indemnify
or advance funds to Indemnitee for Expenses or Losses with respect to proceedings initiated by Indemnitee, including any proceedings
against the Company or its directors, officers, employees or other indemnitees and not by way of defense, except:

 

(i) proceedings
referenced in Section 4 above (unless a court of competent jurisdiction determines that each of the material assertions
made by Indemnitee in such proceeding was not made in good faith or was frivolous); or

 

(ii) where
the Company has joined in or the Board has consented to the initiation of such proceedings;

 

(b) indemnify
Indemnitee if a final decision by a court of competent jurisdiction determines that such indemnification is prohibited by applicable
law;

 

    7

     

    

 

(c) indemnify
Indemnitee for the disgorgement of profits arising from the purchase or sale by Indemnitee of securities of the Company in violation
of Section 16(b) of the Exchange Act, or any similar successor statute;

 

(d) indemnify
or advance funds to Indemnitee for Indemnitee’s reimbursement to the Company of any bonus or other incentive-based or equity-based
compensation previously received by Indemnitee or payment of any profits realized by Indemnitee from the sale of securities of
the Company, as required in each case under the Exchange Act (including any such reimbursements under Section 304 of the Sarbanes-Oxley
Act of 2002 in connection with an accounting restatement of the Company or the payment to the Company of profits arising from the
purchase or sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act); or

 

(e) indemnify
Indemnitee for any Losses incurred as a result of Indemnitee’s gross negligence or willful misconduct.

 

10. Settlement
of Claims. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in settlement of any
threatened or pending Claim related to an Indemnifiable Event effected without the Company’s prior written consent, which
shall not be unreasonably withheld. The Company shall not settle any Claim related to an Indemnifiable Event in any manner that
would impose any Losses on the Indemnitee without the Indemnitee’s prior written consent.

 

11. Duration.
All agreements and obligations of the Company contained herein shall continue during the period that Indemnitee is a director or
officer of the Company and shall continue thereafter (i) so long as Indemnitee may be subject to any possible Claim relating to
an Indemnifiable Event (including any rights of appeal thereto) and (ii) throughout the pendency of any proceeding (including any
rights of appeal thereto) commenced by Indemnitee to enforce or interpret his or her rights under this Agreement, even if, in either
case, he or she may have ceased to serve in such capacity at the time of any such Claim or proceeding.

 

12. Non-Exclusivity.
The rights of Indemnitee hereunder will be in addition to any other rights Indemnitee may have under the Constituent Documents,
any other contract or otherwise (collectively, “Other Indemnity Provisions”); provided, however, that (a) to
the extent that Indemnitee otherwise would have any greater right to indemnification under any Other Indemnity Provision, Indemnitee
will be deemed to have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision
which permits any greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will
be deemed to have such greater right hereunder.

 

13. Liability
Insurance. The Company shall from time to time make the good faith determination whether or not it is practicable for the
Company to obtain and maintain a policy or policies of insurance providing the officers and directors of the Company with coverage
for losses incurred in connection with their services to the Company or to ensure the Company’s performance of its indemnification
obligations under this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’
and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their
terms. Upon reasonable request, the Company will provide to Indemnitee copies of all directors’ and officers’ liability
insurance applications, binders, policies, declarations and endorsements, if applicable.

 

14. No Duplication
of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee in respect of any Losses
to the extent Indemnitee has otherwise received payment under any insurance policy, the Constituent Documents, Other Indemnity
Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder.

 

    8

     

    

 

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

 

16. Amendments.
No supplement, modification 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 binding unless in the form of a writing signed by the party against
whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of any other provisions hereof (whether
or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise
or any delay in exercising any right or remedy hereunder shall constitute a waiver thereof.

 

17. Binding Effect.
This Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective
successors (including any direct or indirect successor by purchase, merger, consolidation or otherwise to all or substantially
all of the business and/or assets of the Company), assigns, spouses, heirs and personal and legal representatives. 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, 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.

 

18. Severability.
The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including any portion thereof)
are held by a court of competent jurisdiction to be invalid, illegal, void or otherwise unenforceable, and the remaining provisions
shall remain enforceable to the fullest extent permitted by law.

 

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

 

(a) if to
Indemnitee, to the address set forth on the signature page hereto.

 

(b) if to the Company:

The Board of Directors

Oriental Culture Holding LTD

Room 1512 Block 4 Kang Yuan Zhihui Gang

No 50 Jialingjiang East Road

Jianye District, Nanjing City

Jiangsu Province 210000

People’s Republic of China

Tel: + (86) 25 85766891

 

Notice of change of
address shall be effective only when given in accordance with this Section. All notices complying with this Section shall be deemed
to have been received on the date of delivery or on the third business day after mailing.

 

20. Governing
Law. This Agreement shall be governed and interpreted in accordance with the laws of the Cayman Islands without regard
to the conflict of laws principles thereof.

 

21. Headings.
The headings of the sections and 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

 

22. Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original, and
all of which together shall constitute one and the same Agreement.

 

[Signature
Page Follows]

 

    9

     

    

 

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

 

	 	Oriental Culture Holding LTD 
	 	 	 
	 	By:	 
	 	Name:	        
	 	Title:	 
	 	 	 
	 	INDEMNITEE
	 	 
	 	 
	 	Name:	 
	 	Address:	 
	 	 	 
	 	 	 
	 	E-mail:	 

 

 

10

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