Document:

Performance Incentive Agreement dated September 30, 2010

 Exhibit 10.2 
 ATTORNEY WORK PRODUCT 
 PRIVILEGED AND CONFIDENTIAL 

SKADDEN DRAFT 9/13/2010 
  

 
 PERFORMANCE INCENTIVE AGREEMENT

 by and among 
 Beijing Shi Dai Tong Lian Technology Company Limited, 
 Beijing Cheng Yi
Shi Dai Network Technology Company Limited, 
 Zhi Bo Xin Tong (Beijing) Network Technology Company Limited,

 Ran Cheng, 
 AsiaCloud Inc., 
 and 

21ViaNet Broadband Limited 
 dated as of September 21, 2010 
  

 

 Table of Content 

 

							
	 Article I Defined Terms
	  	 	2	  
	 Section 1.01
	  	Definitions	  	 	2	  
	 Section 1.02
	  	Interpretation	  	 	4	  
		
	 Article II Performance Incentives
	  	 	4	  
	 Section 2.01
	  	Base Performance Incentives	  	 	4	  
	 Section 2.02
	  	Estimated Value of the Target Companies	  	 	4	  
	 Section 2.03
	  	2012 and 2013 Base Performance Incentives	  	 	4	  
	 Section 2.04
	  	Delivery of the Performance Incentives	  	 	5	  
	 Section 2.05
	  	Performance Incentive Adjustment	  	 	5	  
	 Section 2.06
	  	Adjustment Mechanism	  	 	6	  
		
	 Article III Loan
	  	 	7	  
	 Section 3.01
	  	Loan	  	 	7	  
	 Section 3.02
	  	Share Grant Based on the Loan	  	 	7	  
		
	 Article IV Miscellaneous
	  	 	7	  
	 Section 4.01
	  	Incorporation by Reference	  	 	7	  
	 Section 4.02
	  	Effectiveness	  	 	7	  
	 Section 4.03
	  	Expenses	  	 	7	  
	 Section 4.04
	  	Taxes	  	 	7	  
	 Section 4.05
	  	Compliance with PRC Laws	  	 	7	  
	 Section 4.06
	  	Headings	  	 	8	  
	 Section 4.07
	  	Governing Law	  	 	8	  
	 Section 4.08
	  	Confidentiality	  	 	8	  
	 Section 4.09
	  	Dispute Resolution	  	 	8	  
	 Section 4.10
	  	Entire Agreement	  	 	8	  
	 Section 4.11
	  	Invalid Provisions	  	 	8	  
	 Section 4.12
	  	Amendment	  	 	9	  
	 Section 4.13
	  	Assignment	  	 	9	  
	 Section 4.14
	  	Inurement	  	 	9	  
	 Section 4.15
	  	Counterparts	  	 	9	  
	 Section 4.16
	  	Delivery by Facsimile	  	 	9	  

  
 i 

 PERFORMANCE INCENTIVE AGREEMENT 

This Performance Incentive Agreement (the “Agreement”) is entered into on September [—], 2010 by and among the following parties (each a “Party”; together, the “Parties”): 

Beijing Shi Dai Tong Lian Technology Company Limited, a limited liability company organized under the laws of the PRC (the
“Seller”); 
 Beijing Cheng Yi Shi Dai Network Technology Company Limited, a limited liability company
organized under the laws of the PRC with registered office located at Suite 423-A, Building #48, No. 110 Zaojia Street, Fengtai District, Beijing with the business license number 110106006279869; and Zhi Bo Xin Tong (Beijing) Network Technology
Company Limited, a limited liability company organized under the laws of the PRC with registered office located at Suite 5307, Ideal Building, No. 111 Zhichun Road, Haidian District, Beijing with the business license number 110108010358010
(each a “Target Company”, and together the “Target Companies”); 
 Ran Cheng, a PRC citizen
with identification number 131002197604234436 (Ran Cheng or his designated offshore entity, the “Recipient”); 

AsiaCloud Inc., a limited liability company incorporated under the laws of the Cayman Islands with its registered office located at
Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (“AsiaCloud”); and 
 21ViaNet Broadband Limited, a limited liability company organized under the laws of the PRC with registered office located at 3/F Building 5, No. 1 East Jiuxianqiao Road, Chaoyang District, Beijing
with the business license number 110105009411300 (the “Purchaser”). 
 RECITALS 

WHEREAS, the Seller wholly owns the outstanding shares of the Target Companies; 

WHEREAS, Ran Cheng owns 70% of the Seller’s shares and therefore has actual control over the Seller and the Target Companies;

 WHEREAS, the Purchaser is a wholly-owned subsidiary of aBitCool Beijing Limited (“VNS”), a variable
interest entity ultimately controlled by the AsiaCloud through contractual arrangements among VNS, the shareholders of VNS and 21ViaNet China Inc., the AsiaCloud’s wholly-owned subsidiary in China; 

WHEREAS, the Purchaser intends to purchase, and the Seller intends to sell, 51% outstanding shares in the Target Companies by
entering into a share purchase agreement (the “SPA”) on the same date of this Agreement. Under the SPA, the Purchaser has an option to purchase the remaining 49% of the outstanding shares in the Target Companies before
December 31, 2011; 

  
 1 

 WHEREAS, Ran Cheng has de facto control over the Target Companies and agrees to cause
the Target Companies to meet certain financial targets in each of 2011, 2012 and 2013. To incentivize Ran Cheng and align his interests with those of the AsiaCloud, the AsiaCloud intends to provide the Recipient performance incentives in the form of
shares in the AsiaCloud based on the Target Companies’ financial performance in 2011, 2012 and 2013; 
 NOW THEREFORE
THIS AGREEMENT WITNESSES that in consideration of the promises, the mutual covenants and agreements contained herein, the Parties hereto, intending to be legally bound, hereby agree as follows: 

ARTICLE I 

DEFINED TERMS 
 Section 1.01 Definitions. The following capitalized terms used in this Agreement have the following meanings: 
 “2010 Net Income” means the Audited Net Income for the year ended December 31, 2010. 
 “2011 Net Income” means the Audited Net Income for the year ending December 31, 2011. 
 “2012 Net Income” means the Audited Net Income for the year ending December 31, 2012. 
 “2013 Net Income” means the Audited Net Income for the year ending December 31, 2013. 
 “Agreement” means this Performance Incentive Agreement. 
 “AsiaCloud” has the meaning set forth in the preamble. 
 “Audited Net Income” means the aggregate net income of the Target Companies for a certain period, which is audited by any of the Big Four Accounting Firms in accordance with the
accounting principles generally accepted in the United States. 
 “Audited Financial Report” means the
financial report of the Target Companies for a certain period, which is audited by any of the Big Four Accounting Firms in accordance with the accounting principles generally accepted in the United States. 

“Big Four Accounting Firms” mean PricewaterhouseCoopers, Deloitte Touche Tohmatsu, KPMG and
Ernst & Young. 

  
 2 

 “Business Day” means any day other than a Saturday, Sunday or
a legal holiday in the PRC. 
 “CIETAC” has the meaning set forth in Section 6.07(a) of this Agreement.

 “Estimated Value” has the meaning set forth in Section 2.02 of this Agreement. 

“First SPA Closing Date” means the SPA Closing Date after the First SPA Closing Conditions are satisfied. 

“First SPA Closing Conditions” has the meaning set forth in Section 2.3.2 of the SPA. 

“Gross Revenues” means the gross revenues of the Target Companies for a certain period which are audited
by any of the Big Four Accounting Firms in accordance with the accounting principles generally accepted in the United States. 

“Loan” has the meaning set forth in Section 9.1.6 of the SPA. 

“Minimum Net Income” means (i) RMB30 million for the year ending December 31, 2011, (ii) RMB34.5 million
for the year ending December 31, 2012, and (iii) RMB39.67 million for the year ending December 31, 2013. 

“SPA Closing Date” has the meaning set forth in Section 2.3.5 of the SPA. 

“Par Value” has the meaning set forth in the then effective Memorandum of Association of AsiaCloud. 

“Parties” or “Party” has the meaning given to such term in the preamble. 

“PRC” means the People’s Republic of China. 

“Purchaser” has the meaning set forth in the preamble. 

“Recipient” has the meaning set forth in the preamble. 

“Seller” has the meaning set forth in the preamble. 

“Second SPA Closing Date” means the SPA Closing Date after the Second SPA Conditions are satisfied. 

“Second SPA Closing Conditions” have the meaning set forth in Section 2.3.3 of the SPA. 

“SPA” has the meaning set forth in the preamble. 

  
 3 

 Section 1.02 Interpretation. Whenever used in this Agreement, (i) words
importing the singular number only shall include the plural and vice versa, (ii) words importing the masculine gender shall include the feminine gender, (iii) the terms “including” and “include” shall mean
“including, without limitation” and “include, without limitation”, respectively, (iv) reference to any agreement, document or instrument means such agreement, document or instrument as amended or modified and in effect from
time to time in accordance with the terms thereof, (v) “hereunder,” “hereof,” “hereto,” and words of similar import shall be deemed references to this Agreement as a whole and not to any particular Article, Section
or other provision hereof, and (vi) references to documents, instruments or agreements shall be deemed to refer as well to all addenda, exhibits, schedules or amendments thereto. 

ARTICLE II 

PERFORMANCE INCENTIVES 
 Section 2.01 Base Performance Incentives. Subject to section 2.03, if the 2011 Net Income is no less than the Minimum Net Income for the year ending December 31, 2011, the Recipient is
entitled to receive performance incentives for each of three years ending December 31, 2011, 2012 and 2013 in the form of X number of shares in the AsiaCloud at Par Value. 

(a) X shall be calculated as follows: 
 X = 1/3 x Estimated Value (in U.S. dollars) x 51% x 50%  

8.611 
 (b) The U.S. dollar to Renminbi exchange rate shall be the average noon buying rate set forth in H.10 statistical release of the Federal Reserve Board on the [last Business Day in the relevant year.

 Section 2.02 Estimated Value of the Target Companies. The estimated value of the Target Companies (the
“Estimated Value”) shall be determined as follows: 
 (a) If the Audited Net Income for each of the first
quarter and the second quarter of 2011 is no less than RMB10 million, the Estimated Value shall be the lower of (i) 6 times the 2011 Net Income and (ii) RMB300 million. 

(b) If the Audited Net Income for either, but not both, of the first quarter and the second quarter of 2011, is no less than RMB10
million, the Estimated Value shall be the 80% of the lower of (i) 6 times the 2011 Net Income and (ii) RMB300 million. 
 (c) If the Audited Net Income for each of the first quarter and the second quarter of 2011 is less than RMB10 million, the Estimated Value shall be the 70% of the lower of (i) 6 times the 2011 Net
Income and (ii) RMB300 million. 
 Section 2.03 2012 and 2013 Base Performance Incentives. The Recipient shall
not receive any performance incentives for the year ending December 31, 2012 or December 31, 2013, as the case may be, if the Audit Net Income for such year is less than the Minimum Net Income. 

 

	1	 Company to advise whether to define the share price of AsiaCloud as (i) the trading price if AsiaCloud is listed or (ii) US$8.61 per share if
not listed. 

  
 4 

 Section 2.04 Delivery of the Performance Incentives. If the Recipient is
entitled to receive performance incentives for any of the years ended December 31, 2011, 2012 and 2013, within 15 calendar days after the Audited Financial Report for the relevant year is received by the Ran Cheng and AsiaCloud, Ran Cheng shall
provide the AsiaCloud a written notice, which shall set forth the number of shares in AsiaCloud that the Recipient is entitled to receive, the relevant calculations and the name and other necessary information of the person or entity to receive the
incentive shares. AsiaCloud shall approve or disapprove such written notice within 10 calendar days following the receipt of the written notice from Ran Cheng. The incentive shares in AsiaCloud shall be issued at Par Value and delivered to the
Recipient within 30 calendar days, or another period mutually agreed upon by Ran Cheng and AsiaCloud in writing, after the Audited Financial Report for the relevant year is received by Ran Cheng and AsiaCloud, provided that the First SPA Closing
Conditions and the Second SPA closing Conditions have been met, and all necessary registration, filings, approvals and actions required by applicable PRC authorities (“Approvals”) prior to each issuance shall be completed. For avoidance of
any doubt, if the Approvals have not been obtained and completed before such issuance of incentive shares for any year due to whatever reason, AsiaCloud is obligated to, within 20 calendar days after the Audited Financial Report for the relevant
year is received by Ran Cheng and AsiaCloud, provide an alternative plan which is in compliance with applicable laws and is acceptable to the Recipient in the Recipient’s sole and absolute discretion, failing which, Asia Cloud shall immediately
issue and deliver incentive shares at Par Value to the Recipient in accordance with this Agreement as if such Approvals had already been duly obtained and completed by the Recipient, and such incentive shares in AsiaCloud shall be issued at Par
Value and delivered to the Recipient within 30 calendar days after the Audited Financial Report for the relevant year is received by Ran Cheng and AsiaCloud. 
 Section 2.05 Performance Incentive Adjustment. The performance incentives that the Recipient is entitled to receive at Par Value for any of the years ending December 31, 2011, 2012 and
2013 shall be adjusted pursuant to the mechanism set forth in Section 3.02 if the following conditions are met for such year: 
 (a) As to the performance incentives that the Recipient is entitled to receive for the year ending December 31, 2012, the 2011 Net Income is no less than RMB50 million and the Gross Revenues of the
Target Companies for such year is no less than RMB260 million. 
 (b) As to the performance incentives that the Recipient is
entitled to receive for the year ending December 31, 2012, the 2012 Net Income is no less than RMB57.5 million and the Gross Revenues of the Target Companies for such year is no less than RMB340 million. 

  
 5 

 (c) As to the performance incentives that the Recipient is entitled to receive for the year
ending December 31, 2013, the 2013 Net Income is no less than RMB66.12 million and the Gross Revenues of the Target Companies for such year is no less than RMB400 million. 

Section 2.06 Adjustment Mechanism. 
 (a) If the conditions set forth in Section 3.01 are met for a particular year, the number of incentive shares in the AsiaCloud that the Recipient is entitled to receive at Par Value for such year
shall be the Adjusted Performance Incentive divided by 8.61. As used herein, 
 if the Purchaser acquired 51% of total equity
interest of the Target Companies, the Adjusted Performance Incentive = the lower of (i) the U.S. dollar equivalent of RMB32.50 million and (ii) Estimated Value (in U.S. dollars) x 50% x 51% x 1/3 x Adjustment Factor for such year

 if the Purchaser acquired 100% of total equity interest of the Target Companies, the Adjusted Performance Incentive = the
lower of (i) the U.S. dollar equivalent of RMB65.00 million and (ii) Estimated Value (in U.S. dollars) x 50% x 100% x 1/3 x Adjustment Factor for such year ÷ 51% 

 

							
	the Adjustment Factor for 2011 =	 	
2011 Net Income – 2010 Net Income
	 	x 100%	  	
		 	RMB6.52 million	 		  	
				
	 the Adjustment Factor for 2012 =
	 	 2012 Net Income – 2011 Net Income
	 	x 100%	  	
		 	RMB7.5 million	 		  	
				
	 the Adjustment Factor for 2013 =
	 	
2013 Net Income – 2012 Net Income
	 	x 100%	  	
		 	RMB8.62 million	 		  	

 (b) The U.S. dollar to Renminbi exchange rate shall be the average noon buying rate set forth in
H.10 statistical release of the Federal Reserve Board on the last Business Day in the relevant year. 
 (c) For the avoidance
of doubt, if the number of incentive shares in the AsiaCloud that the Recipient is entitled to receive at Par Value for a particular year is adjusted pursuant to this Article, the Recipient shall receive only such adjusted number of incentive shares
in the AsiaCloud (not in addition to the incentive shares for such year as determined pursuant to Article II hereof). Furthermore, if the 2011 Net Income is less than the Minimum Net Income for 2011, the Recipient shall not receive any incentive
shares in AsiaCloud for any of the years ending December 31, 2011, 2012 and 2013 pursuant to this Article. 

  
 6 

 ARTICLE III 
 LOAN 
 Section 3.01 Loan. Pursuant to the SPA, a company
designated by the AsiaCloud shall provide a loan in the amount of RMB25 million (the “Loan”) to Ran Cheng or any entity designated by him within 10 Business Days after the satisfaction of the First SPA Closing Conditions. Such Loan
shall be repaid prior to the Second SPA Closing Date. 
 Section 3.02 Share Grant Based on the Loan. Notwithstanding
Articles II and III hereof, 
 (a) if, as of the Second Closing Date, (i) the principle of the Loan has not been repaid in
full and (ii) the 2011 Net Income is less than RMB30 million, the AsiaCloud shall grant to the Recipient shares in the AsiaCloud to the Recipient, the number of which shall be no less than the U.S. dollar equivalent of RMB25 million divided by
8.61. The U.S. dollar to Renminbi exchange rate shall be the average noon buying rate set forth in H.10 statistical release of the Federal Reserve Board on the last Business Day in 2011, and 

(b) if, as of the Second SPA Closing Date, (i) the principle of the Loan has not been repaid in full or (ii) the 2011 Net
Income is no less than RMB30 million, the AsiaCloud shall waive its rights to claim the repayment of any outstanding amount of the Loan and shall not grant any incentive shares in the AsiaCloud to the Recipient. 

ARTICLE IV 

MISCELLANEOUS 
 Section 4.01 Incorporation by Reference. To the extent applicable to this Agreement, provisions on representations and warranties, covenants, contract breach and termination set forth in the
SPA shall be incorporated by reference in this Agreement. 
 Section 4.02 Effectiveness. This Agreement shall be
executed simultaneously with the SPA. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto and the execution and delivery of the SPA by the parties thereto. 

Section 4.03 Expenses. Other than as required by applicable Law, all costs and expenses incurred in connection with the
Agreement shall be paid by the party incurring such costs or expenses. 
 Section 4.04 Taxes. The Recipient shall be
liable for any income, business or other taxes under the PRC laws and the laws of other applicable jurisdiction that might be incurred in connection with its receipt of any incentive shares. 

Section 4.05 Compliance with PRC Laws. The Recipient, with the assistance from the Purchaser and Asia Cloud, shall try its
best efforts to obtain Approvals. 

  
 7 

 Section 4.06 Headings. The division of this Agreement into articles and sections
is for convenience and reference only and shall not in any way affect the meaning or interpretation hereof. 
 Section 4.07
Governing Law. This Agreement shall be governed by, and construed in accordance with, the laws of Cayman Islands without reference to the choice of law principles thereof. 

Section 4.08 Confidentiality. All the provisions under this Agreement and this Agreement itself shall be kept confidential.
Neither Party shall make disclosure to any third party, excluding the senior officers, directors, employees, agents and consultants who are related to the this Agreement, provided that it is necessary for such persons to know about this Agreement
and related information. This confidentiality clause does not apply to information required to be disclosed to the government, the public or shareholders by relevant laws, nor does it apply to documents required to be filed with the authorities.

 Section 4.09 Dispute Resolution. 

(a) All disputes, controversies, and claims directly or indirectly arising out of or in relation to this Agreement or the validity,
interpretation, construction, performance, breach, termination, or enforceability of this Agreement shall be arbitrated by China International Economic and Trade Arbitration Commission (“CIETAC”) by following the CIETAC arbitration
rules. Any arbitration or related hearings shall be held in Beijing and in Chinese. Any decision made by CIETAC shall be final and binding. 
 (b) The arbitral tribunal shall be comprised of three (3) arbitrators. Parties hereby agree that from any pool of arbitrators, the Purchaser may select one arbitrator and Ran Chen may select one
arbitrator. The third one shall be jointly selected by all parties. If the Parties cannot reach a consensus with respect to the third arbitrator within five Business Days, CIETAC shall appoint the third arbitrator. 

(c) During any arbitration, the Agreement shall remain effective and the Parties shall perform their respective obligations, other than
those set forth in the sections or articles in dispute. 
 Section 4.10 Entire Agreement. This Agreement constitute
the entire agreement among the Parties hereto pertaining to the specific subject matter hereof and supersedes all prior agreements, correspondence, undertakings, understandings, negotiations and discussions, whether oral or written of the Parties
hereto. No supplement, modification, waiver or termination of this Agreement shall be binding unless executed in writing by the Party to be bound thereby. 
 Section 4.11 Invalid Provisions. Should any part of this Agreement for any reason be declared invalid, such decision shall not affect the validity of any other term, provision, covenant and
restriction of this Agreement, which remaining portions shall remain in full force and effect as if this Agreement had been executed with the invalid provisions thereof eliminated, and it is the declared intention of the parties hereto that they
would have executed the remaining portion of the Agreement without including therein any such part or portion which may be declared invalid. 

  
 8 

 Section 4.12 Amendment. This Agreement shall not be amended by any Party unless
all parties executed the amended Agreement in writing. 
 Section 4.13 Assignment. This rights and obligations set
forth in this Agreement shall not be assigned to any third party without the unanimous consent of all other Parties. 

Section 4.14 Inurement. This Agreement shall be binding upon and shall inure to the benefit of the Parties and their
respective heirs, executors, administrators and successors. 
 Section 4.15 Counterparts. This Agreement may be
executed in one or more counterparts, each of which shall constitute an original and all of which taken together shall constitute one and the same instrument. 
 Section 4.16 Delivery by Facsimile. Any delivery of an executed copy of this Agreement by way of facsimile or portable document format (pdf) shall constitute delivery hereof, provided that any
party delivering by way of facsimile or pdf shall, as soon as reasonably practicable, deliver the original executed copy to the other Parties. 
 [Signature Page to Follow] 

  
 9 

 IN WITNESS WHEREOF, the parties hereto have caused this Performance Incentive
Agreement to be duly executed by their respective authorized officers as of the date first above written. 
  

			
	Beijing Shi Dai Tong Lian Technology Company Limited
		
	By:	 	 /s/ Ran Cheng

		 	Name: Ran Cheng
		 	Title:
	
	Beijing Cheng Yi Shi Dai Network Technology Company Limited
		
	By:	 	 /s/ Ran Cheng

		 	Name: Ran Cheng
		 	Title:
	
	Zhi Bo Xin Tong (Beijing) Network Technology Company Limited
		
	By:	 	 /s/ Ran Cheng

		 	Name: Ran Cheng
		 	Title:
	
	Ran Cheng
		
	By:	 	 /s/ Ran Cheng

		 	Name: Ran Cheng
		 	Title:

			
	AsiaCloud Inc.
		
	By:	 	 /s/ Sheng Chen

		 	Name: Sheng Chen
		 	Title:
	
	21ViaNet Broadband Limited
		
	By:	 	 /s/ Authorized signatory

		 	Name:
		 	Title:Form of Indemnification Agreement

 Exhibit 10.3 
 FORM OF DIRECTOR INDEMNIFICATION AGREEMENT 
 DIRECTOR INDEMNIFICATION AGREEMENT
(this “Agreement”) dated as of                     , 20    , by and between 21Vianet Group, Inc.,
a Cayman Islands company (the “Company”) and              (the “Director”) The Director shall be referred to herein as the
“Indemnitee.” 
 WHEREAS, it is essential to the Company that it be able to retain and attract as
directors the most capable persons available; 
 WHEREAS, increased corporate litigation has subjected directors to
litigation risks and expenses, and the limitations on the availability of director liability insurance have made it increasingly difficult for the Company to attract and retain such persons; 

WHEREAS, the Company’s governing documents require it to indemnify its directors to the fullest extent permitted by law and
permit it to make other indemnification arrangements and agreements; and 
 WHEREAS, the Company desires to provide the
Indemnitee with specific contractual assurance of the Indemnitee’s rights to full indemnification against litigation risks and expenses (regardless of any amendment to or revocation of the Company’s governing documents or any change in the
ownership of the Company or the composition of its Board of Directors). 
 NOW, THEREFORE, in consideration of the
promises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 
 1.
Indemnification. 
 (a) Indemnification of Expenses. 

(i) Third-Party Claims. Subject to Section 8 below, the Company shall indemnify and hold harmless the Director to the
fullest extent permitted by law if the Director was or is or becomes a party to or witness in, or is threatened to be made a party to or witness in, any threatened, pending or completed action, suit, proceeding or alternative dispute resolution
mechanism, or any hearing, inquiry or investigation that such Director reasonably believes might lead to the institution of any such action, suit, proceeding or alternative dispute resolution mechanism, whether civil, criminal, administrative,
investigative or other (hereinafter a “Claim”) (other than an action by right of the Company) by reason of the fact that the Director is or was a director or officer of the Company, or any subsidiary or affiliated entity of the
Company, or is or was serving at the request of the Company as a director or officer of another corporation, partnership, limited liability company, joint venture, trust or other enterprise, or by reason of any action or inaction on the part of the
Director while serving in such capacity (hereinafter, an “Agent”) or as a direct or indirect result of any Claim made by any stockholder of the Company against the Director and arising out of or related to any round of financing of
the Company (including but not limited to Claims regarding non-participation, or non-pro rata participation, in such round by such stockholder), or made by a third party against the Director based on any misstatement or omission of a material fact
by the Company in violation of any duty of disclosure imposed on the Company by securities or common laws (hereinafter an “Indemnification Event”) against any and all expenses (including attorneys’ fees and all other costs,
expenses and obligations), judgments, fines, penalties and amounts paid in settlement (if, and only if, such settlement is approved in advance by the Company, which approval shall not be unreasonably withheld) (the “Expenses”)
actually and reasonably incurred by the Director in connection with investigating, defending or participating in (including on appeal) such Claim if the Director acted in good faith and in a manner he or she reasonably believed to be in, or not
opposed to, the best interests of the Company and, with respect to any criminal action or proceeding, had no reasonable cause to believe his conduct was unlawful. 

  
 0 

 (ii) Derivative Actions. If the Director is a person who was or is a party or is
threatened to be made a party to any Claim by or in the right of the Company to procure a judgment in its favor by reason of the fact that he or she is or was an Agent of the Company, or by reason of anything done or not done by him or her in any
such capacity, the Company shall indemnify the Director against any amounts paid in settlement of any such Claim and all Expenses actually and reasonably incurred by him or her in connection with the investigation, defense, settlement or appeal of
such Claim if he or she 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; except that no indemnification under this subsection shall be made in respect of any
claim, issue or matter as to which such person shall have been finally adjudged to be liable to the Company by a court of competent jurisdiction due to willful misconduct of a culpable nature in the performance of his or her duty to the Company,
unless and only to the extent that the court in which such proceeding was brought shall determine upon application that, despite the adjudication of liability and in view of all the circumstances of the case, such person is fairly and reasonably
entitled to indemnity for such amounts the court may deem proper. 
 (b) Reviewing Party. Notwithstanding the foregoing,
(i) the obligations of the Company under Section 1(a) shall be subject to the condition that the Reviewing Party (as defined in Section 10(e) hereof) shall not have determined that the Indemnitee would not be permitted to be
indemnified under applicable law or pursuant to Section 8 hereof, and (ii) the Indemnitee acknowledges and agrees that the obligation of the Company to make an advance payment of Expenses to the Indemnitee pursuant to Section 2(a) (an
“Expense Advance”) shall be subject to the condition that, if, when and to the extent that the Reviewing Party determines that the Indemnitee would not be permitted to be so indemnified under applicable law or Section 8 hereof,
the Company shall be entitled to be reimbursed by the Indemnitee (who hereby agrees to promptly reimburse the Company) for all such amounts theretofore paid; provided, however, that if the Indemnitee has commenced or thereafter commences legal
proceedings in a court of competent jurisdiction to secure a determination that the Indemnitee should be indemnified under applicable law or Section 8 hereof, any determination made by the Reviewing Party that the Indemnitee would not be
permitted to be indemnified under applicable law shall not be binding and the Indemnitee shall not be required to reimburse the Company for any Expense Advance until a final judicial determination is made with respect thereto (as to which all rights
of appeal therefrom have been exhausted or lapsed). The Indemnitee’s obligation to reimburse the Company for any Expense Advance shall be unsecured and no interest shall be charged thereon. If there has not been a Change in Control (as defined
in Section 10(c) hereof), the Reviewing Party shall be selected by a majority of the Board of Directors (excluding the Director), and if there has been such a Change in Control (other than a Change in Control which has been approved by a
majority of the Company’s Board of Directors (other than the Director) who were directors immediately prior to such Change in Control), the Reviewing Party shall be the Independent Legal Counsel referred to in Section 1(e) hereof. If there
has been no determination by the Reviewing Party or if the Reviewing Party determines that the Indemnitee substantively would not be permitted to be indemnified in whole or in part under applicable law or Section 8 hereof, the Indemnitee shall
have the right to commence litigation seeking an initial determination by the court or challenging any such determination by the Reviewing Party or any aspect thereof, including the legal or factual bases therefor, and the Company hereby consents to
service of process and to appear in any such proceeding. Any determination by the Reviewing Party otherwise shall be conclusive and binding on the Company and the Indemnitee. 
 (c) Contribution. If the indemnification provided for in Section 1(a) above is, for any reason other than the statutory limitations of applicable law or as provided in Section 8, held by
a court of competent jurisdiction to be unavailable to the Indemnitee in respect of any losses, claims, damages, expenses or liabilities in which the Company is jointly liable with the Indemnitee, as the case may be (or would be jointly liable if
joined), then the Company, in lieu of indemnifying the Indemnitee thereunder, shall contribute to the amount actually and reasonably incurred and paid or payable by the Indemnitee as a result of such losses, claims, damages, expenses or liabilities
in such proportion as is appropriate to reflect (i) the relative benefits received by the Company and the Indemnitee, and (ii) the relative fault of the Company and the Indemnitee in connection with the action or inaction that resulted in
such losses, claims, damages, expenses or liabilities, as well as any other relevant equitable considerations. The relative fault of the Company and the Indemnitee shall be determined by reference to, among other things, whether the untrue or
allegedly untrue statement of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company or the Indemnitee and the parties’ relative intent, knowledge, access to information and
opportunity to correct or prevent the circumstances resulting in such losses, claims, damages, expenses or liabilities. 

  
 1 

 The Company and the Indemnitee agree that it would not be just and equitable if contribution
pursuant to this Section 1(c) were determined by pro rata or per capita allocation or by any other method of allocation which does not take into account the equitable considerations referred to in the immediately preceding paragraph. No person
found guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the U.S. Securities Act of 1933, as amended (the “Securities Act”)) shall be entitled to contribution from any person who was not found guilty
of such fraudulent misrepresentation. 
 (d) Survival Regardless of Investigation. The indemnification and contribution
provided for in this Section 1 will remain in full force and effect regardless of any investigation made by or on behalf of the Indemnitee. 
 (e) Change in Control. The Company agrees that if there is a Change in Control of the Company (other than a Change in Control which has been approved by a majority of the Company’s Board of
Directors who were directors immediately prior to such Change in Control) then, with respect to all matters thereafter arising concerning the rights of Indemnitee to payments of Expenses under this Agreement, any other agreement or under the
Company’s Memorandum and Articles of Association, as amended (the “M&A”), Independent Legal Counsel (as defined in Section 10(d) hereof) shall be selected by the Indemnitee and approved by the Company (which approval
shall not be unreasonably withheld). The Company agrees to abide by the determination of the Independent Legal Counsel and to pay the reasonable fees of the Independent Legal Counsel referred to above and to fully indemnify such counsel against any
and all expenses (including attorneys’ fees), claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
 (f) Mandatory Payment of Expenses. Notwithstanding any other provision of this Agreement, to the extent the Indemnitee has been successful on the merits or otherwise, in the defense of any Claim
referred to in Section 1(a) hereof or in the defense of any claim, issue or matter therein, the Indemnitee shall be indemnified against all Expenses actually and reasonably incurred by the Indemnitee in connection herewith. 

2. Expenses; Indemnification Procedure. 
 (a) Advancement of Expenses. Subject to Section 8 and except as prohibited by applicable law, the Company shall advance all Expenses incurred by the Indemnitee in connection with the
investigation, defense, settlement or appeal of any Claim to which the Indemnitee is a party or is threatened to be made a party by reason of the fact that the Director is or was an Agent of the Company or by reason of anything done or not done by
him or her in any such capacity. The Indemnitee hereby undertakes to promptly repay such amounts advanced only if, and to the extent that, it shall ultimately be determined that the Indemnitee is not entitled to be indemnified by the Company under
the provisions of this Agreement, the M&A, applicable law or otherwise. The advances to be made hereunder shall be paid by the Company to the Indemnitee as soon as practicable but in any event no later than thirty (30) days after written
demand by the Indemnitee therefor to the Company. 

  
 2 

 (b) Notice/Cooperation by Indemnitee. The Indemnitee shall give the Company notice in
writing promptly after receipt of notice of commencement of any Claim, or the threat of the commencement of any Claim, made against the Indemnitee for which indemnification will or could be sought under this Agreement. Notice to the Company shall be
directed to the Chief Executive Officer of the Company at the address shown on the signature page of this Agreement (or such other person and/or address as the Company shall designate in writing to the Indemnitee). 

(c) No Presumptions; Burden of Proof. 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, shall not create a presumption that the Indemnitee did not meet any particular standard of conduct or have any particular belief or that a
court has determined that indemnification is not permitted by applicable law. In addition, neither the failure of the Reviewing Party to have made a determination as to whether the Indemnitee has met any particular standard of conduct or had any
particular belief, nor an actual determination by the Reviewing Party that Indemnitee had not met such standard of conduct or did not have such belief, prior to the commencement of legal proceedings by the Indemnitee to secure a judicial
determination that the Indemnitee should be indemnified under applicable law, shall be a defense to the Indemnitee’s claim or create a presumption that the Indemnitee had not met any particular standard of conduct or did not have any particular
belief. In connection with any determination by the Reviewing Party or otherwise as to whether the Indemnitee is entitled to be indemnified hereunder, the burden of proof shall be on the Company to establish that the Indemnitee is not so entitled.

 (d) Notice to Insurers. If, at the time of the receipt by the Company of a notice of a Claim pursuant to
Section 2(b) hereof, the Company has liability insurance in effect which may cover such Claim, the Company shall give prompt written notice of the commencement of such Claim to the insurers in accordance with the procedures set forth in each of
the policies. The Company shall thereafter take all necessary or desirable action to cause such insurers to pay, on behalf of the Indemnitee, all amounts payable as a result of such action, suit, proceeding, inquiry or investigation in accordance
with the terms of such policies. 
 (e) Selection of Counsel. In the event the Company shall be obligated hereunder to
pay the Expenses of any Claim, the Company shall be entitled to assume the defense of such Claim, with legal counsel reasonably approved by the Indemnitee, upon the delivery to the Indemnitee of written notice of its election to do so. After
delivery of such notice, approval of such legal counsel by the Indemnitee and the retention of such legal counsel by the Company, the Company will not be liable to the Indemnitee under this Agreement for any fees of counsel subsequently incurred by
the Indemnitee with respect to the same Claim; provided that, (i) the Indemnitee shall have the right to employ the Indemnitee’s legal counsel in any such Claim at the Indemnitee’s expense; (ii) the Indemnitee shall have the
right to employ its own legal counsel in connection with any such proceeding, at the expense of the Company, if such legal counsel serves in a review, observer, advice and counseling capacity and does not otherwise materially control or participate
in the defense of such proceeding; and (iii) if (A) the employment of legal counsel by the Indemnitee has been previously authorized by the Company, (B) the Indemnitee shall have reasonably concluded that there is a conflict of
interest between the Company and the Indemnitee in the conduct of any such defense, or (C) the Company shall not in fact continue to retain such legal counsel to defend such Claim, then the fees and expenses of the Indemnitee’s legal
counsel shall be at the expense of the Company. 

  
 3 

 3. Additional Indemnification Rights; Nonexclusivity. 

(a) Scope. The Company hereby agrees to indemnify the Director to the fullest extent permitted by law (except as provided in
Section 8) with respect to Claims for Indemnification Events, even if such indemnification is not specifically authorized by the other provisions of this Agreement or any other agreement, the M&A, or by statute. In the event of any change
after the date of this Agreement in any applicable law, statute or rule which expands the right of a Cayman Islands company to indemnify a member of its Board of Directors or an officer, it is the intent of the parties hereto that the Indemnitee
shall enjoy by this Agreement the greater benefits afforded by such change. In the event of any change in any applicable law, statute or rule which narrows the right of a Cayman Islands company to indemnify a member of its Board of Directors or an
officer, such change, to the extent not otherwise required by such law, statute or rule to be applied to this Agreement, shall have no effect on this Agreement or the parties’ rights and obligations hereunder except as set forth in
Section 8 hereof. 
 (b) Nonexclusivity. Notwithstanding anything in this Agreement, the indemnification provided by
this Agreement shall be in addition to any rights to which the Indemnitee may be entitled under the M&A, any agreement, any vote of stockholders or disinterested directors, the laws of the Cayman Islands, or otherwise. Notwithstanding anything
in this Agreement, the indemnification provided under this Agreement shall continue as to the Indemnitee for any action the Director took or did not take while serving in an indemnified capacity even though such Director may have ceased to serve in
such capacity and such indemnification shall inure to the benefit of the Indemnitee from and after the Director’s first day of service as a director with the Company. 
 4. No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment in connection with any Claim made against the Indemnitee to the extent the Indemnitee has
otherwise actually received payment (under any insurance policy, M&A or otherwise) of the amounts otherwise indemnifiable hereunder. 
 5. Partial Indemnification. If the Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for any portion of Expenses incurred in connection with any Claim,
but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify the Indemnitee for the portion of such Expenses to which the Indemnitee is entitled. 

6. Mutual Acknowledgement. The Company and the Indemnitee acknowledge that in certain instances, applicable law or public policy
may prohibit the Company from indemnifying its directors, officers, employees, controlling persons, agents or fiduciaries under this Agreement or otherwise. 
 7. Liability Insurance. To the extent the Company maintains liability insurance applicable to directors, the Company shall use commercially reasonable efforts to provide that the Director shall be
covered by such policies in such a manner as to provide the Indemnitee the same rights and benefits as are accorded to the most favorably insured of the Company’s directors. 

8. Exceptions. Any other provision herein to the contrary notwithstanding, the Company shall not be obligated pursuant to the
terms of this Agreement: 
 (a) Claims Under Section 16(b). To indemnify the Indemnitee for expenses and the payment
of profits or an accounting thereof arising from the purchase and sale by the Indemnitee of securities in violation of the provisions of Section 16(b) of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange
Act”), or any similar provisions of any international, federal, state or local statutory law; 

  
 4 

 (b) Unauthorized Settlements. To indemnify the Indemnitee hereunder for any amounts
paid in settlement of a proceeding unless the Company consents in advance in writing to such settlement, which consent shall not be unreasonably withheld; 
 (c) Unlawful Indemnification. To indemnify the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine that such indemnification is not lawful. In this respect,
the Company and the Indemnitee have been advised that the U.S. Securities and Exchange Commission takes the position that indemnification for liabilities arising under securities laws is against public policy and is, therefore, unenforceable and
that claims for indemnification should be submitted to appropriate courts for adjudication; 
 (d) Fraud. To indemnify
the Indemnitee if a final decision by a court having jurisdiction in the matter shall determine that the Indemnitee has committed fraud on the Company; 
 (e) Insurance. To indemnify the Indemnitee for which payment is actually and fully made to the Indemnitee under a valid and collectible insurance policy; or 

(f) Company Contracts. To indemnify the Indemnitee with respect to any Claim related to any dispute or breach arising under any
contract or similar obligation between the Company and the Indemnitee. 
 9. Period of Limitations. No legal action shall
be brought and no cause of action shall be asserted by or in the right of the Company against the Director, the Director’s estate, spouse, heirs, executors or personal or legal representatives after the expiration of five (5) years from
the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing of a legal action within such five (5) year period; provided, however,
that if any shorter period of limitations is otherwise applicable to any such cause of action, such shorter period shall govern. 
 10. Construction of Certain Phrases. 
 (a) For purposes of this Agreement,
references to the “Company” shall include, in addition to the resulting corporation, any constituent corporation (including any constituent of a constituent) absorbed in a consolidation or merger which, if its separate existence had
continued, would have had power and authority to indemnify its directors and officers, so that if the Director is or was or may be deemed a director or officer of such constituent corporation, or is or was or may be deemed to be serving at the
request of such constituent corporation as a director or officer of another corporation, partnership, joint venture, employee benefit plan, trust or other enterprise, the Indemnitee shall stand in the same position under the provisions of this
Agreement with respect to the resulting or surviving corporation as the Director would have with respect to such constituent corporation if its separate existence had continued. 

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

  
 5 

 (c) For purposes of this Agreement a “Change in Control” shall be deemed to
have occurred if (i) any “person” (as such term is used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company or a corporation
owned directly or indirectly by the stockholders of the Company in substantially the same proportions as their ownership of stock of the Company, becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act),
directly or indirectly, of securities of the Company representing more than thirty percent (30%) of the total voting power represented by the Company’s then outstanding Voting Securities, (ii) during any period of two
(2) consecutive years, individuals who at the beginning of such period constitute the Board of Directors of the Company and any new director whose election by the Board of Directors or nomination for election by the Company’s stockholders
was approved by a vote of at least a majority 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
a majority thereof, or (iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation other than a merger or consolidation which would result in the Voting Securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into Voting Securities of the surviving entity) at least two-thirds (2/3) of the total voting power represented by the Voting Securities of
the Company or such surviving entity outstanding immediately after such merger or consolidation, or (iv) the stockholders of the Company approve a plan of complete liquidation of the Company or an agreement for the sale or disposition by the
Company of (in one transaction or a series of transactions) all or substantially all of the Company’s assets; provided that in no event shall a Change in Control be deemed to include (A) a merger, consolidation or reorganization of
the Company for the purpose of changing the Company’s state of incorporation and in which there is no substantial change in the shareholders of the Company or its successor (as the case may be), or (B) the Company’s first firm
commitment underwritten public offering of any of its securities to the general public pursuant to (x) a registration statement filed under the Securities Act, or (y) the securities laws applicable to an offering of securities in another
jurisdiction pursuant to which such securities will be listed on an internationally recognized securities exchange (the “IPO”). 
 (d) For purposes of this Agreement, “Independent Legal Counsel” shall mean an attorney or firm of attorneys, selected in accordance with the provisions of Section 1(e) hereof, who
shall not have otherwise performed services for the Company or the Indemnitee within the last two (2) years (other than with respect to matters concerning the right of the Indemnitee under this Agreement). 

(e) For purposes of this Agreement, a “Reviewing Party” shall mean any appropriate person or body consisting of a member
or members of the Company’s Board of Directors (other than the Director) or any other person or body appointed by the Board of Directors who is not a named party to the particular Claim for which Indemnitee is seeking indemnification, or
Independent Legal Counsel. 
 (f) For purposes of this Agreement, “Voting Securities” shall mean any securities
of the Company that vote generally in the election of directors. 
 11. Counterparts. This Agreement may be executed in
one or more counterparts, each of which shall constitute an original. 
 12. Binding Effect; Successors and Assigns. This
Agreement shall be binding upon and inure to the benefit of and be enforceable by the parties hereto and their respective successors, assigns, 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, 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 in form and substance reasonably satisfactory to the Indemnitee, expressly to assume and agree to perform this Agreement in the same
manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall continue in effect with respect to Claims relating to Indemnifiable Events regardless of whether the Indemnitee
continues to serve as a director or officer of the Company or of any other enterprise, including subsidiaries of the Company, at the Company’s request. 

  
 6 

 13. Attorneys’ Fees. Subject to Section 8 and except as prohibited by
applicable law, in the event that any action is instituted by the Indemnitee under this Agreement or under any liability insurance policies maintained by the Company to enforce or interpret any of the terms hereof or thereof, the Indemnitee shall be
entitled to be paid all Expenses actually and reasonably incurred by the Indemnitee with respect to such action if the Indemnitee is ultimately successful in such action. In the event of an action instituted by or in the name of the Company under
this Agreement to enforce or interpret any of the terms of this Agreement, the Indemnitee shall be entitled to be paid Expenses actually and reasonably incurred by the Indemnitee in defense of such action (including costs and expenses incurred with
respect to the Indemnitee counterclaims and cross-claims made in such action), and shall be entitled to the advancement of Expenses with respect to such action, in each case only to the extent that the Indemnitee is ultimately successful in such
action. 
 14. Notice. All notices and other communications required or permitted hereunder shall be in writing, shall be
effective when given, and shall in any event be deemed to be given (a) five (5) days after deposit with the U.S. Postal Service or other applicable postal service, if delivered by first class mail, postage prepaid, (b) upon delivery,
if delivered by hand, (c) one (1) business day after the business day of deposit with Federal Express or similar overnight courier, freight prepaid, or (d) one (1) day after the business day of delivery by facsimile transmission,
with a copy thereof delivered by first class mail, postage prepaid. Any mail shall be directed, if addressed to the Indemnitee, at his or her address as set forth beneath his or her signature to this Agreement and, if to the Company, at the address
of its principal corporate offices (attention: Chief Executive Officer), or at such other address as such party may designate by ten (10) days’ advance written notice to the other party hereto. 

15. Severability. The provisions of this Agreement shall be severable in the event that any of the provisions hereof (including
any provision within a single section, paragraph or sentence) are held by a court of competent jurisdiction to be invalid, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law.
Furthermore, to the fullest extent possible, the provisions of this Agreement (including, without limitations, each portion of this Agreement containing any provision held to be invalid, void or otherwise unenforceable, that is not itself invalid,
void or unenforceable) shall be construed so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable. 
 16. Choice of Law. This Agreement shall be governed by and its provisions construed and enforced in accordance with the laws of the State of New York, as applied to contracts between California
residents entered into and to be performed entirely within the State of New York, without regard to the conflict of laws principles thereof. 
 17. Subrogation. In the event of payment under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of the Indemnitee who shall execute all
documents required and shall do all acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights. 
 18. Amendment and Termination. No amendment, modification, termination or cancellation of this Agreement shall be effective unless it is in writing signed by the parties to be bound thereby. Notice
of same shall be provided to all parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing
waiver. 

  
 7 

 19. No Construction as Employment Agreement. Nothing contained in this Agreement
shall be construed as giving the Indemnitee any right to be retained in the employment or service of the Company or any of its subsidiaries or affiliated entities. 
 20. Corporate Authority. The Board of Directors of the Company and its stockholders in accordance with Cayman Islands law have approved the terms of this Agreement. 

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

  
 8 

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

 

							
	COMPANY:	 		 	21Vianet Group, Inc.
		 		 	a Cayman Islands company
				
		 		 	By:	 	  

		 		 	Name:	 	
		 		 	Title:	 	
			
	DIRECTOR:	 		 	  

		 		 	Name:
		 		 	Address:

  
 Schedule 
 All the directors use this form indemnification agreement, therefore, only the
form indemnification agreement is filed with SEC. Except for the date of execution and name of the executed director, the details of other indemnification agreements are the same as this form indemnification agreement.

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