Document:

Exhibit 10.5

  

UNIT
PURCHASE AGREEMENT BETWEEN THE REGISTRANT AND NISUN

 INVESTMENT HOLDING LIMITED

 

June
23, 2020

 

Gentlemen:

 

Brilliant
Acquisition Corporation ( “Company”), a blank check company formed for the purpose of acquiring one or more businesses
or entities (a “Business Combination”), intends to register its securities under the Securities Act of 1933, as amended
(“Securities Act”), in connection with its initial public offering (“IPO”). The Company currently anticipates
selling units in the IPO, each comprised of one ordinary share, no par value per share of the Company (“Ordinary Shares”),
one right entitling its holder to 1/10 of an ordinary share of the Company (“Rights”), and one warrant (“Warrant”),
each whole Warrant to purchase one Ordinary Share.

 

The
undersigned hereby commits to purchase an aggregate of 240,000 units of the Company (“Initial Units”) at $10.00 per
Initial Unit for an aggregate purchase price of $2,400,000 (the “Initial Purchase Price”). Additionally, if the underwriters
in the IPO exercise their over-allotment option in full or part, the undersigned further commits to purchase up to an additional
21,000 Units (“Additional Units” and together with the Initial Units, the “Private Units”) at $10.00 per
Additional Unit for an aggregate purchase price of up to $210,000 (the “Over-Allotment Purchase Price” and together
with the Initial Purchase Price, the “Purchase Price”). The Private Units will be identical to the units to be sold
in the IPO except as to be described in the Company’s registration statement filed in connection with the IPO (“Registration
Statement”). At least 24 hours prior to the effective date (“Effective Date”) of the Registration Statement,
the undersigned will cause the Purchase Price to be delivered to RAITI, PLLC, counsel for the Company (“Counsel”),
by wire transfer as set forth in the instructions attached as Exhibit A hereto to hold in a non-interest bearing account until
the Company consummates the IPO. The undersigned agrees that if the size of the IPO is increased or decreased for any reason,
the amount of the undersigned’s investment will be either increased or decreased, as applicable, so that the undersigned’s
percentage of the aggregate investment in Private Units (collectively, the “Private Securities”) made by the undersigned
and other investors of the Company remains the same. If the size of the offering is increased, the undersigned agrees that it
will deliver the purchase price for such additional Private Securities to Counsel as set forth above or as promptly as is reasonably
practicable following the increase if it is on the Effective Date. If the size of the offering is decreased, the unused portion
of the Purchase Price shall be returned to the undersigned.

 

The
consummation of the purchase and issuance of the Initial Units and Additional Units (if any) shall occur simultaneously with the
consummation of the IPO and over-allotment option, respectively. Simultaneously with the consummation of the IPO, Counsel shall
deposit the Initial Purchase Price, without interest or deduction, into the trust fund (“Trust Fund”) established
by the Company for the benefit of the Company’s public shareholders as described in the Registration Statement. Simultaneously
with the consummation of all or any part of the over-allotment option, Counsel shall deposit the pro-rata portion of the Over-Allotment
Purchase Price, based upon the amount of the over-allotment option that has been exercised, without interest or deduction, into
the Trust Fund. Upon expiration of the over-allotment option, Counsel shall return any unused portion of the Over-Allotment Purchase
Price to the undersigned. If the Company does not complete the IPO within thirty (30) days from the Effective Date, the Purchase
Price (without interest or deduction) will be returned to the undersigned.

 

Each
of the Company and the undersigned acknowledges and agrees that Counsel is serving hereunder solely as a convenience to the parties
to facilitate the purchase of the Private Securities and Counsel’s sole obligation under this letter agreement is to act
with respect to holding and disbursing the Purchase Price for the Private Securities as described above. Counsel shall not be
liable to the Company or the undersigned or any other person or entity in respect of any act or failure to act hereunder or otherwise
in connection with performing its services hereunder unless Counsel has acted in a manner constituting gross negligence or willful
misconduct. The Company shall indemnify Counsel against any claim made against it (including reasonable attorney’s fees)
by reason of it acting or failing to act in connection with this letter agreement except as a result of its gross negligence or
willful misconduct. Counsel may rely and shall be protected in acting or refraining from acting upon any written notice, instruction
or request furnished to it hereunder and believed by it to be genuine and to have been signed or presented by the proper party
or parties.

 

     

     

    

 

The
Private Units will be identical to the units to be sold by the Company in the IPO, except that:

 

		●	the
                                         undersigned agrees to vote the Ordinary Shares included in the Private Units (“Private
                                         Shares”) in favor of any proposed Business Combination;

 

		●	the
                                         rights and warrants included in the Private Units (i) will not be redeemable by the Company
                                         and (ii) may be exchanged or exercised for cash or on a cashless basis, as described
                                         in the Registration Statement, in each case so long as they are held by the undersigned
                                         or any of its permitted transferees;

 

		●	the
                                         undersigned agrees not to seek conversion, or seek to sell such shares in any tender
                                         offer, in connection with any proposed Business Combination with respect to the Private
                                         Shares;

 

		●	the
                                         Private Securities and underlying securities will not be transferable by the undersigned
                                         until the consummation of a Business Combination (subject to certain exceptions as described
                                         in the Registration Statement);

 

		●	the
                                         Private Securities will be subject to customary registration rights, pursuant to a registration
                                         rights agreement on terms agreed upon by the Company and the Underwriters to be filed
                                         as an exhibit to the Registration Statement;

 

		●	the
                                         undersigned will not participate in any liquidation distribution with respect to the
                                         Private Securities or the underlying securities (but will participate in liquidation
                                         distributions with respect to any units or Ordinary Shares purchased by the undersigned
                                         in the IPO or in the open market after the IPO) if the Company fails to consummate a
                                         Business Combination; and

 

		●	the
                                         Private Securities and the underlying securities will include any additional terms or
                                         restrictions as is customary in other similarly structured blank check company offerings
                                         or as may be reasonably required by the underwriters in the IPO in order to consummate
                                         the IPO, each of which will be set forth in the Registration Statement.

 

The
undersigned acknowledges and agrees that it will execute agreements in form and substance typical for transactions of this nature
necessary to effectuate the foregoing agreements and obligations prior to the consummation of the IPO as are reasonably acceptable
to the undersigned, including but not limited to (i) an insider letter, (ii) an escrow agreement and (iii) a registration rights
agreement.

 

The
undersigned hereby represents and warrants that, as applicable:

 

		(a)	it
                                         has been advised that the Private Securities and the underlying securities have not been
                                         registered under the Securities Act;

 

		(b)	it
                                         is acquiring the Private Securities and the underlying securities for its account for
                                         investment purposes only;

 

		(c)	it
                                         has no present intention of selling or otherwise disposing of the Private Securities
                                         or the underlying securities in violation of the securities laws of the United States;

 

		(d)	it
                                         is an “accredited investor” as defined by Rule 501 of Regulation D promulgated
                                         under the Securities Act of 1933, as amended;

 

    2

     

    

 

		(e)	it has had both the
                                                                                                                                                                 opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting on its
                                                                                                                                                                 behalf concerning the terms and conditions of the offer made hereunder;

 

		(f)	it
is familiar with the proposed business, management, financial conditions and affairs of the Company;

 

		(g)	it
has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or needed
to consummate the transactions contemplated in this letter; and

 

		(h)	this
letter constitutes a legal, valid and bind obligation, and is enforceable against it.

 

	 	Very
    truly yours,
	 	 
	 	BRILLIANT
    ACQUISITION CORPORATION
	 	 
	 	BY	/s/ Dr.
    Peng Jiang
	 	 	Name:	Dr.
    Peng Jiang
	 	 	Title:	CEO

 

	Accepted
    and Agreed:	 
	 	 
	NISUN
    INVESTMENT HOLDING LIMITED	 
	 	 
	By:		 
	 	Name: 	Bodang
    Liu	 
	 	Title:	President	 

 

	RAITI,
    PLLC	 
	(solely
    with respect to its obligations to hold 	 
	and
    disburse monies for the Private Securities)	 
	 	 
	By:	/s/
    Warren A. Raiti	 
	 	Name: 	Warren
    A. Raiti	 
	 	Title:	Managing
    Attorney	 

 

    3

     

    

 

		(e)	it has had both the
                                                                                                                                                                 opportunity to ask questions and receive answers from the officers and directors of the Company and all persons acting on its
                                                                                                                                                                 behalf concerning the terms and conditions of the offer made hereunder;

 

		(f)	it
is familiar with the proposed business, management, financial conditions and affairs of the Company;

 

		(g)	it
has full power, authority and legal capacity to execute and deliver this letter and any documents contemplated herein or needed
to consummate the transactions contemplated in this letter; and

 

		(h)	this
letter constitutes a legal, valid and bind obligation, and is enforceable against it.

 

	 	Very
    truly yours,
	 	 
	 	BRILLIANT
    ACQUISITION CORPORATION
	 	 
	 	BY	
	 	 	Name:	Dr.
    Peng Jiang
	 	 	Title:	CEO

 

	Accepted
    and Agreed:	 
	 	 
	NISUN
    INVESTMENT HOLDING LIMITED	 
	 	 
	By:	/s/
    Bodang Liu	 
	 	Name: 	Bodang
    Liu	 
	 	Title:	President	 

 

	RAITI,
    PLLC	 
	(solely
    with respect to its obligations to hold 	 
	and
    disburse monies for the Private Securities)	 
	 	 
	By:	/s/
    Warren A. Raiti	 
	 	Name: 	Warren
    A. Raiti	 
	 	Title:	Managing
    Attorney	 

 

    4

     

    

 

Exhibit
A

 

[FORM
WIRE INSTRUCTIONS]

 

    

     

    

 

RAITI,
PLLC – CLIENT ESCROW ACCOUNT

DOMESTIC WIRE INSTRUCTIONS

 

	Account
    Title:	RAITI,
    PLLC
	Account
    Number:	325175138
	Routing
    Number:	021000021
	Bank:	JP
    Morgan Chase, N.A.
	Account
    Address:	1345
    Avenue of the Americas, Suite 3310
	 	New
    York, New York 10105Exhibit 10.6

 

EARLYBIRDCAPITAL,
INC. 

366 Madison Avenue

New York, New
York 10017

 

June 23, 2020

 

Brilliant Acquisition Corporation

99 Dan Ba Road, C-9

Putuo District, Shanghai

People’s Republic of China 200062

Attn: Dr. Peng Jiang, Chief Executive Officer

 

Ladies and Gentlemen:

 

This is to confirm our agreement (this
“Agreement”) whereby Brilliant Acquisition Corporation, a British Virgin Islands company (“Company”),
has requested EarlyBirdCapital, Inc. (the “Advisor”) to assist it in connection with the Company merger, share
exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination (in each case, a
“Business Combination”) with one or more businesses or entities (each a “Target”) as described
in the Company’s Registration Statement on Form S-1 (File No. 333- 237153) filed with the Securities and Exchange Commission
(“Registration Statement”) in connection with its initial public offering (“IPO”).

 

1.  Services and
Fees.

 

(a) The Advisor will, if requested by the Company:

 

		(i)	Assist the Company in the transaction structuring and negotiation
of a definitive purchase agreement with respect to the Business Combination;

 

		(ii)	Hold meetings with Company shareholders to discuss the
Business Combination and the Target’s attributes;

 

		(iii)	Introduce the Company to potential investors to purchase
the Company’s securities in connection with the Business Combination;

 

		(iv)	Assist the Company in trying to obtain shareholder approval
for the Business Combination, including assistance with the Company’s proxy statement or tender offer materials; and

 

		(v)	Assist the Company with relevant financial analysis, presentations,
press releases and filings related to the Business Combination or the Target.

 

(b) As compensation for the foregoing services,
the Company will pay the Advisor a cash fee equal to 3.5% of the gross proceeds received by the Company in the IPO (“Transaction
Fee”); provided, however, that the Transaction Fee shall he reduced by an aggregate amount equal to 1.5% of the dollar amount
of Company securities purchased prior to the closing of the Business Combination by investors that: (i) are introduced to the
Advisor by the Company (or any of its direct or indirect affiliates); (ii) have not been previously introduced to a SPAC initial
public offering by the Advisor; (iii) continue to hold the ordinary shares through the closing of the Business Combination, and
(iv) do not exercise redemption rights with respect thereto in connection with such Business Combination.

 

(c)
In addition to the Transaction Fee, the Company shall pay to Advisor a cash fee equal to 1.0% of the Total Consideration (as the
term “Total Consideration” is defined below) in the event Advisor introduces the Company to the Target with which
the Company completes a Business Combination (“Finder Fee” and together with the Transaction Fee, the “Fee”).

 

    

     

    

 

(d)
The Transaction Fee and any Finder Fee, if applicable, shall be payable in cash and is due and payable to the Advisor by wire
transfer at the closing of the Business Combination (“Closing”) from the Trust Account (defined below); provided
that the Finder Fee shall not be paid prior to the date that is 90 days from the effective date of the Registration Statement
unless the Financial Industry Regulatory Authority determines that such payment would not be deemed underwriters’ compensation
in connection with the IPO. If a proposed Business Combination is not consummated for any reason, no Fee shall be due or payable
to the Advisor hereunder.

 

(e) For purposes of this Agreement, “Total Consideration”
shall mean the total value of all cash, securities, or other property paid or transferred at the Closing (or Closings) by or to
the Company, the Target and/or their respective shareholders or to be paid or transferred in the future to such parties with respect
to such Business Combination (other than payments of interest or dividends), including, without limitation, any value paid in respect
of (i) the assets of the Company or Target, (ii) the share capital of the Company or Target (and any securities convertible into
options, warrants or other rights to acquire such shares), and (iii) the assumption, retirement or defeasance, directly or indirectly
(by operation of law or otherwise), of any long-term liabilities of the Company or Target or repayment of indebtedness, including,
without limitation, indebtedness secured by the assets of the Company or Target, capital leases or preferred shares obligations.
Notwithstanding the foregoing, if the Business Combination contemplates the Target or newly formed holding company being the surviving
entity in the Business Combination and issuing its securities to the Company as consideration, the Total Consideration will be
deemed to be the fair market value of the Target as indicated in the Business Combination’s definitive acquisition agreement
and proxy materials. If Total Consideration paid or transferred in the Business Combination includes non-cash consideration consisting
of ordinary shares, options, warrants or rights for which a public trading market existed prior to the Closing, then the value
of such securities shall be determined by the closing or last sales price thereof on the date that is two business days prior to
the record date for the vote on the Business Combination. If all or a portion of the Total Consideration paid or transferred in
the Business Combination is other than cash and securities (as described above), then the value of such other consideration shall
be the fair market value thereof on the Closing as mutually agreed upon in good faith by the Company and Advisor. Any amounts payable
or transferable to the Company or Target, or any affiliate of the Company or Target or any shareholder of the Company or Target
in connection with a non-competition agreement or any employment, consulting, licensing, supply, transfer, assignment, forbearance
or other agreement (whether by separate agreement or in the Transactions documents), to the extent that such amounts payable are
greater than what would customarily be paid on an arms-length basis, shall be deemed to be part of the consideration paid in the
Business Combination. If all or a portion of the Total Consideration payable or transferable in connection with a Business Combination
includes future payments, whether or not in escrow, then the Company shall pay Advisor any additional cash fee, determined in accordance
with this Section 1, when, and if such payments are made.

 

2. Expenses.

 

At the Closing, the Company shall reimburse the Advisor up to
$20,000 for its reasonable costs and expenses incurred (including its fees and disbursements of counsel) in connection with the
performance of its services hereunder; provided, however, all expenses in excess of $5,000 in the aggregate shall be subject to
the Company’s prior written approval, which approval will not be unreasonably withheld. Reimbursable expenses shall be due
and payable to the Advisor by wire transfer at the Closing from the Trust Account.

 

3. Company Cooperation.

 

The Company will cooperate with the Advisor
including, but not limited to, providing to the Advisor and its counsel, on a timely basis, all documents and information regarding
the Company and Target that the Advisor may reasonably request or that are otherwise relevant to the Advisor’s performance
of its obligations hereunder (collectively, the “Information”); making the Company’s management, auditors,
consultants and advisors available to the Advisor; and, using commercially reasonable efforts to provide the Advisor with reasonable
access to the management, auditors, suppliers, customers, consultants and advisors of Target. The Company will promptly notify
the Advisor of any change in facts or circumstances or new developments affecting the Company or Target or that might reasonably
be considered material to the Advisor’s engagement hereunder.

 

    2

     

    

 

4. Representations;
Warranties and Covenants.

 

The Company represents, warrants and covenants to the Advisor
that all Information it makes available to the Advisor by or on behalf of the Company in connection with the performance of its
obligations hereunder will not contain any untrue statement of a material fact or omit to state a material fact necessary in order
to make statements made, in light of the circumstances under which they were made, not misleading as of the date thereof and as
of the consummation of the Business Combination.

 

5. Indemnity.

 

The Company shall indemnify the Advisor and its affiliates and
their respective directors, officers, employees, shareholders, representatives and agents in accordance with the indemnification
provisions set forth in Annex I hereto, all of which are incorporated herein by reference.

 

Notwithstanding the foregoing and Annex
I, the Advisor agrees, if there is no Closing, (i) that it does not have any right, title, interest or claim of any kind in or
to any monies in the Company’s trust account established in connection with the IPO (“Trust Account”)
with respect to this Agreement (each, a “Claim”); (ii) to waive any Claim it may have in the future as a result
of, or arising out of, any services provided to the Company hereunder; and (iii) to not seek recourse against the Trust Account
with respect to the Fee.

 

6. Use of Name and
Reports.

 

Without the Advisor’s prior written consent, neither the
Company nor any of its affiliates (nor any director, officer, manager, partner, member, employee, representative or agent thereof)
shall quote or refer to, in any filings with the Securities and Exchange Commission, any advice rendered by the Advisor to the
Company or any communication from the Advisor, in each case, in connection with performance of the Advisor’s services hereunder,
except as required by applicable federal or state law, regulation or securities exchange rule.

 

7. Status as Independent
Contractor.

 

Advisor shall perform its services as an independent contractor
and not as an employee of the Company or affiliate thereof. It is expressly understood and agreed to by the parties that the Advisor
shall have no authority to act for, represent or bind the Company or any affiliate thereof in any manner, except as may be expressly
agreed to by the Company in writing. In rendering such services, the Advisor will be acting solely pursuant to a contractual relationship
on an arm’s-length basis. This Agreement is not intended to create a fiduciary relationship between the parties and neither
the Advisor nor any of the Advisor’s officers, directors or personnel will owe any fiduciary duty to the Company or any other
person in connection with any of the matters contemplated by this Agreement.

 

8. Potential Conflicts.

 

The Company acknowledges that the Advisor is a full-service
securities firm engaged in securities trading and brokerage activities and providing investment banking and advisory services from
which conflicting interests may arise. Subject to applicable law, in the ordinary course of business, the Advisor and its affiliates
may at any time hold long or short positions, and may trade or otherwise effect transactions, for their own account or the accounts
of customers, in debt or equity securities of the Company, its affiliates or other entities that may be involved in the transactions
contemplated hereby. Nothing in this Agreement shall be construed to limit or restrict the Advisor or any of its affiliates in
conducting such business to the extent permitted by applicable law.

 

9. Entire Agreement.

 

This Agreement constitutes the entire understanding
between the parties with respect to the subject matter hereof and supersedes all prior agreements and understandings, oral or
written, with respect thereto. This Agreement may not be modified or terminated orally or in any manner other than by an agreement
in writing signed by the parties hereto. 

 

    3

     

    

 

10. Notices.

 

Any notices required or permitted to be given hereunder shall
be in writing and shall be deemed given when mailed by certified mail or private courier service, return receipt requested, addressed
to each party at its respective addresses set forth above, or such other address as may be given by a party in a notice given pursuant
to this Section.

 

11. Successors and
Assigns.

 

This Agreement may not be assigned by either party without the
written consent of the other. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and, except
where prohibited, to their successors and assigns.

 

12. Non-Exclusivity.

 

Nothing herein shall be deemed to restrict or prohibit the engagement
by the Company of other consultants providing the same or similar services or the payment by the Company of fees to such other
consultants. Except as provided in Section 1(b), the Company’s engagement of any other consultant(s) shall not affect the
Advisor’s right to receive the Fee and reimbursement of expenses pursuant to this Agreement.

 

13. Applicable Law;
Venue.

 

This Agreement shall be construed and enforced in accordance
with the laws of the State of New York without giving effect to conflict of laws.

 

In the event of any dispute under this Agreement, then and in
such event, each party hereto agrees that the dispute shall either be (i) resolved through final and binding arbitration in accordance
with the International Arbitration Rules of the American Arbitration Association (“AAA”) or ( ii) brought and enforced
in the courts of the State of New York, County of New York under the accelerated adjudication procedures of the Commercial Division,
or the United States District Court for the Southern District of New York, in each event at the discretion of the party initiating
the dispute. Once a party files a dispute (if arbitration, by sending JAMS a Demand for Arbitration) with one of the above forums,
the parties agree that all issues regarding such dispute or this Agreement must be resolved before such forum rather than seeking
to resolve it through another alternative forum set forth above.

 

In the event the dispute is brought before the AAA, the arbitration
shall be brought before the AAA International Center for Dispute Resolution’s offices in New York City, New York, will be
conducted in English and will be decided by a panel of three arbitrators selected from the AAA Commercial Disputes Panel. Each
of the parties agrees that the decision and/or award made by the arbitrators shall be final and enforceable by any court having
jurisdiction over the party from whom enforcement is sought. Furthermore, the parties to any such arbitration shall be entitled
to make one motion for summary judgment within 60 days of the commencement of the arbitration, which shall be decided by the arbitrator[s]
prior to the commencement of the hearings.

 

In the event the dispute is brought by a party in the courts
of the State of New York or the United States District Court for the Southern District of New York, each party irrevocably submits
to such jurisdiction, which jurisdiction shall be exclusive. Each party hereby waives any objection to such exclusive jurisdiction
and that such courts represent an inconvenient forum. Any such process or summons to be served upon a party may be served by transmitting
a copy thereof by registered or certified mail, postage prepaid, addressed to such party at the address set forth at the beginning
of this Agreement. Such mailing shall be deemed personal service and shall be legal and binding upon the party being served in
any action, proceeding or claim. The parties agree that the prevailing party(ies) in any such action shall be entitled to recover
from the other party(ies) all of its reasonable attorneys’ fees and expenses relating to such action or proceeding and/or
incurred in connection with the preparation therefor.

 

The Company hereby appoints, without power of revocation, RAITI,
PLLC, 1345 Avenue of the Americas, New York, NY 10105, Attn: Warren A. Raiti, Esq., as its agent to accept and acknowledge on its
behalf service of any and all process which may be served in any arbitration, action, proceeding or counterclaim in any way relating
to or arising out of this Agreement. The Company further agrees to take any and all action as may be necessary to maintain such
designation and appointment of such agent in full force and effect for a period of seven years from the date of this Agreement.

 

14. Counterparts.

 

This Agreement may be executed in several original or facsimile
counterparts, each one of which shall constitute an original, and together shall constitute but one instrument.

 

    4

     

    

 

If the foregoing correctly sets forth the
understanding between the Advisor and the Company with respect to the foregoing, please so indicate your agreement by signing in
the place provided below, at which time this letter shall become a binding contract.

 

		EARLYBIRDCAPITAL, INC
	 	 	 
	 	By:	/s/ Steven Levine
	 	Name:  	Steven Levine
	 	Title:	CEO

 

	AGREED AND ACCEPTED BY:	 
	 	 
	BRILLIANT ACQUISITION CORPORATION	 
	 	 	 
	By:	                       	 
	Name:  		 
	Title:		 

 

    

     

    

 

If the foregoing correctly sets forth the
understanding between the Advisor and the Company with respect to the foregoing, please so indicate your agreement by signing in
the place provided below, at which time this letter shall become a binding contract.

 

		EARLYBIRDCAPITAL, INC
	 	 	 
	 	By:	                             
	 	Name:  	
	 	Title:	

 

	AGREED AND ACCEPTED BY:	 
	 	 
	BRILLIANT ACQUISITION CORPORATION	 
	 	 	 
	By:	/s/ Dr. Peng Jiang 	 
	Name:  	Dr. Peng Jiang	 
	Title:	Chief Executive Officer and 

Chief Financial Officer	 

 

    

     

    

 

ANNEX I

 

Indemnification

 

In connection with the Company’s
engagement of EarlyBirdCapital, Inc. (the “Advisor”) pursuant to that certain letter agreement (“Agreement”)
of which this Annex forms a part, Brilliant Acquisition Corporation (the “Company”) hereby agrees, subject
to the second paragraph of Section 5 of the Agreement, to indemnify and hold harmless the Advisor and its affiliates and their
respective directors, officers, shareholders, agents and employees of any of the foregoing (collectively the “Indemnified
Persons”), from and against any and all claims, actions, suits, proceedings (including those of shareholders), damages,
liabilities and expenses incurred by any of them (including the reasonable fees and expenses of counsel), as incurred, (collectively
a “Claim”), that (A) are related to or arise out of (i) any actions taken or omitted to be taken (including
any untrue statements made or any statements omitted to be made) by the Company, or (ii) any actions taken or omitted to be taken
by any Indemnified Person in connection with the Company’s engagement of the Advisor, or (B) otherwise relate to or arise
out of the Advisor’s activities on the Company’s behalf under the Advisor’s engagement, and the Company shall
reimburse any Indemnified Person for all expenses (including the reasonable fees and expenses of counsel) as incurred by such
Indemnified Person in connection with investigating, preparing or defending any such claim, action, suit or proceeding, whether
or not in connection with pending or threatened litigation in which any Indemnified Person is a party.

 

The Company will not, however, be responsible for any Claim
that is finally judicially determined to have resulted from the gross negligence or willful misconduct of any person seeking indemnification
for such Claim. The Company further agrees that no Indemnified Person shall have any liability to the Company for or in connection
with the Company’s engagement of the Advisor except for any Claim incurred by the Company as a result of such Indemnified
Person’s gross negligence or willful misconduct.

 

The Company further agrees that it will not, without the prior
written consent of the Advisor which consent may not be unreasonably withheld, settle, compromise or consent to the entry of any
judgment in any pending or threatened Claim in respect of which indemnification may be sought hereunder (whether or not any Indemnified
Person is an actual or potential party to such Claim), unless such settlement, compromise or consent includes an unconditional,
irrevocable release of each Indemnified Person from any and all liability arising out of such Claim.

 

Promptly upon receipt by an Indemnified Person of notice of
any complaint or the assertion or institution of any Claim with respect to which indemnification is being sought hereunder, such
Indemnified Person shall notify the Company in writing of such complaint or of such assertion or institution but failure to so
notify the Company shall not relieve the Company from any obligation it may have hereunder, except and only to the extent such
failure results in the forfeiture by the Company of substantial rights and defenses. If the Company so elects or is requested by
such Indemnified Person, the Company will assume the defense of such Claim, including the employment of counsel reasonably satisfactory
to such Indemnified Person and the payment of the fees and expenses of such counsel. In the event, however, that legal counsel
to such Indemnified Person reasonably determines that having common counsel would present such counsel with a conflict of interest
or if the defendant in, or target of, any such Claim, includes an Indemnified Person and the Company, and legal counsel to such
Indemnified Person reasonably concludes that there may be legal defenses available to it or other Indemnified Persons different
from or in addition to those available to the Company, then such Indemnified Person may employ its own separate counsel to represent
or defend him, her or it in any such Claim and the Company shall pay the reasonable fees and expenses of such counsel. Notwithstanding
anything herein to the contrary, if the Company fails timely or diligently to defend, contest, or otherwise protect against any
Claim, the relevant Indemnified Party shall have the right, but not the obligation, to defend, contest, compromise, settle, assert
crossclaims, or counterclaims or otherwise protect against the same, and shall be fully indemnified by the Company therefor, including
without limitation, for the reasonable fees and expenses of its counsel and all amounts paid as a result of such Claim or the compromise
or settlement thereof.

 

In addition, with respect to any Claim in which the Company
assumes the defense, the Indemnified Person shall have the right to participate in such Claim and to retain his, her or its own
counsel therefor at his, her or its own expense.

 

The Company agrees that if any indemnity sought by an Indemnified
Person hereunder is held by a court to be unavailable for any reason then (whether or not the Advisor is an Indemnified Person),
the Company and the Advisor shall contribute to the Claim for which such indemnity is held unavailable in such proportion as is
appropriate to reflect the relative benefits to the Company, on the one hand, and the Advisor on the other, in connection with
the Advisor’s engagement referred to above, subject to the limitation that in no event shall the amount of the Advisor’s
contribution to such Claim exceed the amount of fees actually received by the Advisor from the Company pursuant to the Advisor’s
engagement. The Company hereby agrees that the relative benefits to the Company, on the one hand, and the Advisor on the other,
with respect to the Advisor’s engagement shall be deemed to be in the same proportion as (a) the total value paid or proposed
to be paid or received by the Company or its shareholders as the case may be, pursuant to the transaction (whether or not consummated)
for which the Advisor is engaged to render services bears to (b) the fee paid or proposed to be paid to the Advisor in connection
with such engagement.

 

The Company’s indemnity, reimbursement and contribution
obligations under this Agreement (a) shall be in addition to, and shall in no way limit or otherwise adversely affect any rights
that any Indemnified Party may have at law or at equity and (b) shall be effective whether or not the Company is at fault in any
way.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00311-of-00352.parquet"}]]