Document:

IntelGenx Technologies Corp. - Exhibit 4.6 - Filed by newsfilecorp.com

AMENDED INTELGENX TECHNOLOGIES CORP. 
2016 STOCK
OPTION PLAN 

SECTION
1.        PURPOSE

            The
purpose of this amended 2016 Stock Option Plan (the “Plan”) of IntelGenx
Technologies Corp., a Delaware corporation (the “Company”), is to provide
additional incentives to key individuals who are primarily responsible for the
management, success and growth of the Company by offering selected directors,
officers, employees and consultants of the Company an opportunity to purchase
Shares. The Plan provides for the grant of Options to purchase Shares. This Plan
is amended and restated from the Company’s 2016 Stock Option Plan.

            Certain
capitalized terms used in this Plan are defined in Section 2. 

SECTION
2.        DEFINITIONS

a.        “Affiliate” means a
Parent or Subsidiary of the Company. 

b.        “Board” means the
Board of Directors of the Company. 

c.        “Change In Control”
means: 

	 	i. 	
      the sale, transfer or other disposition of all or
      substantially all the assets of the Company; or

	 	 	 
	 	ii. 	
      the merger or consolidation of the Company with or into
      another entity or any other corporate reorganization, if more than 50% of
      the combined voting power of the continuing or surviving entity’s
      securities outstanding immediately after the merger, consolidation or
      other reorganization is owned by persons who were not shareholders of the
      Company immediately prior to the merger, consolidation or other
      reorganization.

A transaction will not constitute a Change in Control if its
sole purpose is to change the state of the Company’s incorporation or to create
a holding company that will be owned in substantially the same proportions by
the persons who held the Company’s securities immediately before the
transaction. 

d.        “Committee” means a
committee of the Board, as described in Section 3(a). 

e.        “Consultant”
means, in relation to the Company, an individual or Consultant Company,
other than an Employee or a Director of the Company, that: 

	 	i. 	
      is engaged to provide on an ongoing bona fide basis,
      consulting, technical, management or other services to the Company or to
      an Affiliate of the Company, other than services provided in relation to a
      distribution of securities or services considered Investor Relations
  Activities;

1 

	 	ii. 	
      provides the services under a written contract between
      the Company or the Affiliate and the individual or the Consultant
      Company;

	 	 	 
	 	iii. 	
      in the reasonable opinion of the Company, spends or will
      spend a significant amount of time and attention on the affairs and
      business of the Company or an Affiliate of the Company; and

	 	 	 
	 	iv. 	
      has a relationship with the Company or an Affiliate of
      the Company that enables the individual to be knowledgeable about the
      business and affairs of the Company.

f.        “Consultant Company”
means for an individual consultant, a company or partnership of which the
individual is an employee, shareholder or partner.” 

g.        “Director” means a
member of the Board.

 h.        “Employee”
means any individual who is a common-law employee of the Company or an
Affiliate, or an Employee as such term is defined in the rules and policies of
the TSX-V;

 i.        “Exercise
Price” means the amount for which one Share may be purchased when an Option is
exercised, as authorized by the Board and set forth in the applicable Stock
Option Agreement. 

j.        “Fair Market Value,”
as of a particular date, will be determined with reference to the closing price
of a Share on the TSX-V of the last trading day prior to the date of
determination. 

k.        “Insider” if used in
relation to the Company, means: 

	 	i. 	
      a director or senior officer of the Company;

	 	 	 
	 	ii. 	
      a director or senior officer of a company that is an
      Insider or subsidiary of the Company;

	 	 	 
	 	iii. 	
      a person that beneficially owns or controls, directly or
      indirectly, Shares carrying more than 10% of the voting rights attached to
      all outstanding Shares of the Company, or

	 	 	 
	 	iv. 	
      the Company itself if it holds any of its own
      securities.

2 

l.        “Investor Relations
Activities” means any activities or oral or written communications, by or
on behalf of the Company or shareholder of the Company, that promote or
reasonably could be expected to promote the purchase or sale of securities of
the Company, but does not include: 

	 	i. 	
      the dissemination of information provided, or records
      prepared, in the ordinary course of business of the
  Company

	 	(a) 	
      to promote the sale of products or services of the
      Company, or

	 	 	 
	 	(b) 	
      to raise public awareness of the
  Company,

	 		
      that cannot reasonably be considered to promote the
      purchase or sale of securities of the Company;

	 	 	 
	 	ii. 	
      activities or communications necessary to comply with the
      requirements of:

	 	(a) 	
      applicable securities laws,

	 	 	 
	 	(b) 	
      the by-laws, rules or other regulatory instruments of any
      other self regulatory body or exchange having jurisdiction over the
      Company; or

	 	iii. 	
      communications by a publisher of, or writer for, a
      newspaper, magazine or business or financial publication, that is of
      general and regular paid circulation, distributed only to subscribers to
      it for value or to purchasers of it, if:

	 	(a) 	
      the communication is only through the newspaper, magazine
      or publication, and

	 	 	 
	 	(b) 	
      the publisher or writer receives no commission or other
      consideration other than for acting in the capacity of publisher or
      writer; or

	 	iv. 	
      activities or communications that may be otherwise
      specified by the TSX-V.

m.        “Market Price” shall
bear the definition ascribed thereto in the policies of the TSX-V; 

n.        “Option” means an
Option granted under the Plan that entitles the holder to purchase Shares. 

o.        “Optionee” means a
person who holds an Option. 

3 

p.        “Parent” means any
corporation (other than the Company) in an unbroken chain of corporations ending
with the Company, if each of the corporations other than the Company owns shares
possessing 50% or more of the total combined voting power of all classes of
shares in one of the other corporations in the chain. A corporation that attains
the status of a Parent on a date after the adoption of the Plan will be
considered a Parent commencing as of that date. 

q.        “Service” means
service as an Employee, Consultant or Director. 

r.        “Share” means one
share of Stock issuable when an Option is exercised, as adjusted in accordance
with Section 8 (if applicable). 

s.        “Stock” means the
Common Stock of the Company. 

t.        “Stock Option
Agreement” means the agreement or other instrument between the Company and an
Optionee that evidences and sets forth the terms, conditions and restrictions
pertaining to Optionee’s Option. 

u.        “Subsidiary” means
any corporation (other than the Company) in an unbroken chain of corporations
beginning with the Company, if each of the corporations other than the last
corporation in the unbroken chain owns shares possessing 50% or more of the
total combined voting power of all classes of shares in one of the other
corporations in the chain. A corporation that attains the status of a Subsidiary
on a date after the adoption of the Plan will be considered a Subsidiary
commencing as of that date. 

v.        “TSX-V” means the TSX
Venture Exchange. 

SECTION
3.        ADMINISTRATION

            a.              
Committees of the Board. The Plan may be administered by one or more
Committees. A Committee will consist of one or more members of the Board, and
will have the authority and be responsible for those functions assigned to it by
the Board. The Board will appoint and remove members of a Committee in its
discretion and in accordance with applicable laws. If no Committee is appointed,
the entire Board will administer the Plan. Any reference to the Board in the
Plan will be construed as a reference to the Committee, if any, to which the
Board assigns a particular function in connection with the Plan. 

            b.              
Powers of the Board. Subject to the provisions of the Plan, the Board has
the power to: 

4 

                       
    i.        Grant
Options; 

                            ii.       
Determine, in accordance with Section 2(j), the Fair Market Value of the Stock
subject to Options; 

                           
iii.        Determine the Exercise Price of
Options granted; 

                           
iv.        Determine the persons to whom, and
the time or times at which, Options will be granted, and the number of Shares
subject to each Option; 

                           
v.        Determine the terms and provisions
of each Option granted, including but not limited to, the time or times at which
Options will be exercisable; 

                           
vi.        Prescribe, amend, or rescind any
rules and regulations necessary or appropriate for the administration of the
Plan; 

                           
vii.        Authorize any person to execute
on behalf of the Company any instrument evidencing the grant of an Option; 

                           
viii.        Correct any defect, supply any
deficiency, and reconcile any inconsistency in the Plan or in any related Option
or agreement; and 

                           
ix.        Make other determinations and take
such other action in connection with the administration of the Plan as it deems
necessary or advisable. 

            c.              
Delegation of Duties. The Board may delegate non-discretionary
administrative duties to such employees of the Company as it deems proper and
may direct appropriate officers of the Company to implement its rules,
regulations and determinations and to execute and deliver on behalf of the
Company such documents, forms, agreements and other instruments as are deemed by
the Board to be necessary for the administration and implementation of the Plan.

            d.              
Interpretation of Plan. The Board has the power to interpret and construe
the Plan and all related Options and agreements. All decisions, interpretations
and determinations of the Board with respect to the Plan will be final and
binding on all Optionees and all persons deriving their rights from
Optionees.

             e.              
Indemnification. Each member of the Board is indemnified and held
harmless by the Company against any cost or expense (including any sum paid in
settlement of a claim with the approval of the Company) arising out of any act
or omission to act in connection with the Plan to the extent permitted by
applicable law. This indemnification is in addition to any rights of
indemnification a member may have as a Director or otherwise under the by-laws
of the Company or an Affiliate, any agreement, any vote of shareholders or
disinterested directors, or otherwise. 

            f.              
Disinterested Shareholder Approval. The Board shall obtain disinterested
shareholder approval in the event of any reduction in the exercise price of any
Option granted under the Plan to an Optionee who is an Insider of the Company.

5 

SECTION
4.        ELIGIBILITY

            a.              
General Rule. Options may be granted to Employees, Consultants and
Directors. The Company represents that for Options granted to Employees,
Consultants or Directors the Optionee is a bona fide Employee, Consultant or
Director, as the case may be. 

SECTION
5.        STOCK SUBJECT TO
PLAN 

            a.              
Basic Limitation. The aggregate number of Shares that may be issued under
the Plan on exercise of Options must not exceed 9,347,747 Shares, par value
$.00001 per Share, subject to adjustment pursuant to Section 8 herein. Shares
offered under the Plan may be authorized but unissued Shares or treasury Shares.
The number of Shares that are subject to Options outstanding at any time under
the Plan must not exceed the number of Shares that then remain available for
issuance under the Plan. The Company, during the term of the Plan, at all times
will reserve and keep available sufficient Shares to satisfy the requirements of
the Plan. 

            b.              
Additional Shares. In the event that any outstanding Option for any
reason expires or is canceled or otherwise terminates, the Shares allocable to
the unexercised portion of that Option again will be available for purposes of
the Plan. If Shares issued under the Plan are reacquired by the Company, those
Shares again will be available for purposes of the Plan. 

SECTION
6.        TERMS AND
CONDITIONS OF OPTIONS 

            a.              
Stock Option Agreement. Each grant of an Option under the Plan will be
evidenced by a Stock Option Agreement between the Optionee and the Company. The
Option will be subject to terms and conditions that are consistent with the Plan
and that the Board deems appropriate for inclusion in a Stock Option Agreement.
The provisions of Stock Option Agreements entered into under the Plan need not
be identical. 

            b.              
Number of Shares. Each Stock Option Agreement will specify the number of
Shares that are subject to the Option and will provide for the adjustment of
that number in accordance with Section 8. 

            c.              
Exercise Price. Each Stock Option Agreement will specify the Exercise
Price. The Exercise Price under any Option will be determined by the Board in
its sole discretion, except that the Exercise Price may not be less than 100% of
the Fair Market Value of a Share on the date of grant. 

            d.              
Withholding Taxes. As a condition to the exercise of an Option, the
Optionee will make such arrangements as the Board may require for the
satisfaction of any federal, state, local or foreign withholding tax obligations
that may arise in connection with the exercise. The Optionee also will make such
arrangements as the Board may require for the satisfaction of any withholding
tax obligations that may arise in connection with the disposition of Shares
acquired by exercising an Option. 

            e.              
Vesting and Exercisability. Each Stock Option Agreement will
specify when all or any installment of the Option shall vest and become
exercisable in accordance with the terms of the Option as determined by the
Board, provided that Options issued to Consultants engaged to provide Investor Relations Activities shall vest in
stages over a period of not less than 12 months with no more than 1⁄4 of the
options vesting in any three month period. 

6 

            f.              
Accelerated Exercisability. Unless the applicable Stock Option Agreement
provides otherwise, if the Company is subject to a Change in Control before the
Optionee’s Service terminates, all of an Optionee’s Options will become
exercisable in full, subject to such terms and conditions as the Board, in its
sole discretion, deems appropriate. 

            g.              
Basic Term. The Stock Option Agreement will specify the term of the
Option. The Board in its sole discretion may determine when an Option is to
expire, except that the term may not exceed 10 years from the date of grant, or
such other period of time as may be permissible pursuant to the rules of the
TSX-V or other applicable stock exchange rules or policies applicable to the
Company, and any shorter term required by Section 4(b) of TSX-V policy 4.4,
provided that the Stock Option Agreement may specify that if the expiry date
falls within a “blackout period” during which the Company prohibits the Optionee
from exercising its stock options or selling the underlying shares pursuant to
the Company’s Corporate Disclosure and Insider Trading Policy as a result of the
existence of an undisclosed Material Fact or Material Change (as such terms are
defined in the Securities Act (Ontario)), the expiry date shall
automatically be extended to the tenth business day following the end of the
blackout period. 

            h.              
Nontransferability. Options are non-assignable and non-transferable,
except pursuant to a legal Conveyance resulting from the death of an Optionee to
that optionee’s heirs or administrators. 

           
i.              
Termination of Service (Except by Death). Unless otherwise provided in an
Optionee’s Stock Option Agreement, if an Optionee’s Service terminates for any
reason other than the Optionee’s death, then the Optionee’s Options will expire
on the earliest of the following: 

                             
i.        The expiration date determined
pursuant to subsection (g) above; 

                             
ii.       A date determined by the Board and set
forth in the Stock Option Agreement provided that such date shall be within one
year after the Optionee’s Service terminates; 

The Optionee may exercise all or part of his or her Options at
any time before the expiration of the Options under this subsection 6(i), but
only to the extent that the Options had become exercisable before the date the
Optionee’s Service terminated (or became exercisable as a result of the
termination). The balance of the Options will lapse when the Optionee’s Service
terminates. If the Optionee dies after the termination of his or her Service but
before the expiration of the Optionee’s Options, all or part of the exercisable
Options may be exercised at any time within 12 months after the death of the
Optionee, provided that no Options may be exercised after the expiration date
determined under subsection (g) above. The Option may be exercised by the
Optionee, by the executors or administrators of the Optionee’s estate or by any
person who has acquired the Options directly from the Optionee by beneficiary
designation, bequest or inheritance. For purposes of this subsection (i), date
of termination means the date the Optionee is given notice of termination by the
Company. If exercise of the Option under subsection (ii) above would result in liability for the
Optionee under Section 16(b) of the Securities Exchange Act of 1934, then the
three-month period automatically will be extended until the tenth day following
the last date upon which the Optionee has any liability under Section 16(b),
provided that no Options may be exercised after the expiration date provided
under subsection (g). 

7 

            j.              
Leaves of Absence. For purposes of subsection (i) above, Service will be
deemed to continue while the Optionee is on sick leave, military leave or other
bona fide leave of absence approved by the Company in writing, if the period of
the leave does not exceed 90 days or, if longer, if the Optionee’s right to
reemployment by the Company or any Affiliate is guaranteed either contractually
or by statute, or if continued crediting of Service for this purpose is
expressly required by the terms of the leave or by applicable law (as determined
by the Company). 

            k.              
Death of Optionee. If an Optionee dies while in Service, then his or her
Options expire on the earlier of the following dates: 

	 	i. 	
      The expiration date determined pursuant to subsection (g)
      above; or

	 	 	 
	 	ii. 	
      The date that is 12 months after the Optionee’s
    death.

At any time before the expiration of the Options under the
preceding sentence, all or part of the Optionee’s Options may be exercised by
the executors or administrators of the Optionee’s estate or by any person who
has acquired the Options directly from the Optionee by beneficiary designation,
bequest or inheritance, or by other transfer, if permitted, but in any event
only to the extent that the Options had become exercisable before the Optionee’s
death or became exercisable as a result of death. The balance of the Options
will lapse when the Optionee dies. 

            l.              
No Rights as a Shareholder. An Optionee, or a transferee of an Optionee,
has no rights as a shareholder with respect to any Shares covered by an Option
prior to the date of issuance to the Optionee or transferee of a certificate or
certificates for the Shares. 

            m.              
Modification, Extension and Assumption of Options. Within the limitations
of the Plan, the Board may modify or extend outstanding Options. However,
without the consent of the Optionee, no modification may impair the Optionee’s
rights or increase the Optionee’s obligations under the Option, unless the
modification is required to comply with the rules and policies of the TSX-V (or
any other stock exchange upon which the Shares shall become listed and posted
for trading). 

            n.              
Restrictions on Transfer of Shares. Any Shares issued on exercise of an
Option will be subject to such special forfeiture conditions, rights of
repurchase, rights of first refusal and other transfer restrictions as the Board
may determine. These restrictions will be set forth in the applicable Stock
Option Agreement and will apply in addition to any restrictions that may apply
to holders of Shares generally. The Company will be under no obligation to sell
or deliver Shares on exercise of Options under the Plan unless the Optionee
executes an agreement giving effect to the restrictions in the form prescribed
by the Company. 

            o.              
Additional Grants. If otherwise eligible, an Optionee may be granted an
additional Option or Options under this Plan or any other share
option or purchase plan of the Company. 

8 

            q.              
  Annual Limits. Subject to the policies of the TSX-V and obtaining
disinterested shareholder approval, an Optionee may receive grants of no more
than 5% of the outstanding Shares of the Company in any 12-month period,
calculated on the date an option is granted to the Optionee. 

            r.              
Annual Consultant Limits. No more than 2% of the outstanding Shares of
the Company may be granted to any one Consultant in any 12-month period,
calculated at the date an option is granted to any such person. 

            s.              
Annual Investor Relation Limits. No more than an aggregate of 2% of the
outstanding Shares of the Company may be granted to an Employee conducting
Investor Relations Activities in any 12 month period, calculated at the date an
option is granted to any such person. 

SECTION
7.        PAYMENT FOR SHARES

            a.              
General Rule. The entire Exercise Price of Shares issued under the Plan
is payable in cash or certified cheque when the Shares are purchased. 

SECTION
8.        ADJUSTMENT OF
SHARES 

            a.              
General. If the outstanding shares of Stock of the Company are increased,
decreased, changed into or exchanged for a different number or kind of shares or
securities of the Company through a reorganization, recapitalization,
reclassification, stock dividend, stock split, reverse stock split or other
similar transaction, the Board may make such appropriate and proportionate
adjustments as it deems necessary or appropriate in one or more of (i) the
number and class of Shares specified in Section 5, (ii) the number of Shares
covered by each outstanding Option and (iii) the Exercise Price under each
outstanding Option. The Company is not required to issue fractional Shares as a
result of any such adjustments. 

            b.              
Mergers and Consolidations. In the event that the Company is a party to a
merger, consolidation or other reorganization, the Board may provide that
outstanding Options will be subject to the agreement of merger, consolidation or
other reorganization, which agreement, without the Optionees’ consent, may
provide for the cancellation of each outstanding Option after payment to the
Optionee of an amount in cash or cash equivalents equal to (i) the Fair Market
Value of the Shares subject to the Option at the time of the merger,
consolidation or other reorganization minus (ii) the Exercise Price of the
Shares subject to the Option. 

           
c.              
Reservation of Rights. Except as provided in this Section, an Optionee
has no rights by reason of (i) any subdivision or consolidation of shares of any
class, (ii) the payment of any dividend or (iii) any other increase or decrease
in the number of shares of any class. Any issuance by the Company of shares of
Stock of any class, or securities convertible into shares of Stock of any class,
will not affect the number or Exercise Price of Shares subject to an Option. The
grant of an Option pursuant to the Plan will not affect in any way the right or
power of the Company to make adjustments, reclassifications, reorganizations or
changes of its capital or business structure, to merge or consolidate or to dissolve,
liquidate, sell or transfer all or any part of its business or assets. 

9 

SECTION
9.         
CONDITIONS UPON ISSUANCE OF SHARES 

            a.              
Securities Law Requirements. Shares may not be issued under the Plan
unless the issuance and delivery of these Shares comply with (or are exempt
from) all applicable requirements of law, including (without limitation) the
Securities Act of 1933, as amended, the rules and regulations promulgated under
it, state and federal securities laws and regulations, and the regulations of
any stock exchange or other securities market on which the Company’s securities
then may be traded. 

            b.              
Investment Representations. As a condition to the exercise of an Option,
the Board may require the person exercising the Option to represent and warrant
at the time of exercise that the Shares are being purchased only for investment
and without any present intention to sell or distribute the Shares if, in the
opinion of counsel for the Company, such a representation is required. 

            c.              
Inability to Obtain Authority. The inability of the Company to obtain
authority from any regulatory body having jurisdiction, which authority is
deemed by the Company’s counsel to be necessary to the lawful issuance and sale
of any Shares under this Plan, will relieve the Company of any liability in
respect of the failure to issue or sell those Shares as to which the requisite
authority has not been obtained. 

SECTION
10.        NO RETENTION
RIGHTS 

            Nothing
in the Plan or in any Option granted under the Plan will confer on the Optionee
any right to continue in Service for any period of time or will interfere with
or otherwise restrict in any way the rights of the Company (or any Affiliate) or
of the Optionee, which rights are expressly reserved by each, to terminate his
or her Service at any time and for any reason. 

SECTION
11.        DURATION AND
AMENDMENTS 

            a.              
Term of the Plan. The Plan is effective on December 3, 2018, the date of
its adoption by the Board, and may be terminated at any time pursuant to
subsection (b) below. 

            b.              
Right to Amend or Terminate the Plan. The Board may amend, suspend or
terminate the Plan at any time and for any reason, subject to the prior approval
of the TSX-V. Shareholder approval will not be required for any amendment of the
Plan, except as required pursuant to the policies of the TSX-V. 

            c.              
Effect of Amendment or Termination. No Shares will be issued or sold
under the Plan after its termination, except on exercise of an Option granted
prior to the termination. No amendment, suspension, or termination of the Plan
will, without the consent of the holder, alter or impair any rights or
obligations under any Option previously granted under the Plan. 

10 

SECTION
12.        APPLICABLE LAW

          The Plan
and all Options granted under it will be construed and interpreted in accordance
with, and governed by, the laws of the State of Delaware, other than its laws
regarding choice of law. 

SECTION
13.        EXECUTION

      
     To record the adoption of the Plan by the Board,
the Company has caused its authorized officer to execute it. 

	 	    INTELGENX TECHNOLOGIES CORP. 
	 	  
	 	  
	By: 	   /s/ Horst G.
      Zerbe                                                   
       
	 Title: 	   President and Chairman of the
      Board 
	Dated: 	   December 3, 2018

11EX-10.3

 Exhibit 10.3 

FORM OF INDEMNIFICATION AGREEMENT 

This Indemnification Agreement (this “Agreement”) is entered into as
of                 by and between Jiayin Group Inc., a Cayman Islands company (the “Company”), and the undersigned, a director and/or an officer of the
Company (“Indemnitee”), as applicable. 
 RECITALS 

The Board of Directors of the Company (the “Board of Directors”) has determined that the inability to attract and retain
highly competent persons to serve the Company is detrimental to the best interests of the Company and its shareholders and that it is reasonable and necessary for the Company to provide adequate protection to such persons against risks of claims and
actions against them arising out of their services to the corporation. 
 AGREEMENT 

In consideration of the premises and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows: 

 

	A.	 DEFINITIONS 

The following terms shall have the meanings defined below: 

Expenses shall include, without limitation, damages, judgments, fines, penalties, settlements and costs, attorneys’
fees and disbursements and costs of attachment or similar bond, investigations, and any other expenses paid or incurred in connection with investigating, defending, being a witness in, participating in (including on appeal), or preparing for any of
the foregoing in, any Proceeding. 
 Indemnifiable Event means any event or occurrence that takes place either before or
after the execution of this Agreement, related to the fact that Indemnitee is or was a director or an officer of the Company, or is or was serving at the request of the Company as a director or officer of another corporation, partnership, joint
venture or other entity, or related to anything done or not done by Indemnitee in any such capacity, including, but not limited to neglect, breach of duty, error, misstatement, misleading statement or omission. 

Participant means a person who is a party to, or witness or participant (including on appeal) in, a Proceeding. 

Proceeding means any threatened, pending, or completed action, suit, arbitration or proceeding, or any inquiry, hearing or
investigation, whether civil, criminal, administrative, investigative or other, including appeal, in which Indemnitee may be or may have been involved as a party or otherwise by reason of an Indemnifiable Event. 

 

	B.	 AGREEMENT TO INDEMNIFY 

1.    General Agreement. In the event Indemnitee was, is, or becomes a Participant in, or is threatened to be
made a Participant in, a Proceeding, the Company shall indemnify the Indemnitee from and against any and all Expenses which Indemnitee incurs or becomes obligated to incur in connection with such Proceeding, to the fullest extent permitted by
applicable law. 

  
 1 

 2.    Indemnification of Expenses of Successful
Party. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee has been successful on the merits in defense of any Proceeding or in defense of any claim, issue or matter in such Proceeding, the Company shall
indemnify Indemnitee against all Expenses incurred in connection with such Proceeding or such claim, issue or matter, as the case may be. 

3.    Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to
indemnification by the Company for a portion of Expenses, but not for the total amount of Expenses, the Company shall indemnify the Indemnitee for the portion of such Expenses to which Indemnitee is entitled. 

4.    Exclusions. Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be entitled to
indemnification under this Agreement: 
 (a)    to the extent that payment is actually made to Indemnitee under a valid,
enforceable and collectible insurance policy; 
 (b)    to the extent that Indemnitee is indemnified and actually paid
other than pursuant to this Agreement; 
 (c)    subject to Section C.2(a), in connection with a judicial action by or
in the right of the Company, in respect of any claim, issue or matter as to which the Indemnitee shall have been adjudicated by a court of competent jurisdiction, in a decision from which there is no further right of appeal, to be liable for gross
negligence or knowing or willful misconduct in the performance of his/her duty to the Company unless and only to the extent that any court in which such action was brought shall determine upon application that, despite the adjudication of liability
but in view of all the circumstances of the case, the Indemnitee is fairly and reasonably entitled to indemnity for such Expenses as such court shall deem proper; 

(d)    in connection with any Proceeding initiated by Indemnitee against the Company, any director or officer of the
Company or any other party, and not by way of defense, unless (i) the Company has joined in or the Board of Directors has consented to the initiation of such Proceeding; or (ii) the Proceeding is one to enforce indemnification rights under
this Agreement or any applicable law; 
 (e)    brought about by the dishonesty or fraud of the Indemnitee seeking
payment hereunder; provided, however, that the Company shall indemnify Indemnitee under this Agreement as to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his/her part, unless a judgment or other final
adjudication thereof adverse to the Indemnitee establishes that he/she committed (i) acts of active and deliberate dishonesty, (ii) with actual dishonest purpose and intent, and (iii) which acts were material to the cause of action so
adjudicated; 
 (f)    for any judgment, fine or penalty which the Company is prohibited by applicable law from paying
as indemnity; 
 (g)    arising out of Indemnitee’s breach of an employment agreement with the Company (if any) or
any other agreement with the Company or any of its subsidiaries, or 

  
 2 

 (h)    arising out of Indemnitee’s personal income tax payable on
any salaries, bonuses, director’s fees, including fees for attending meetings, or gain on disposition of shares, options or restricted shares of the Company. 

5.    No Employment Rights. Nothing in this Agreement is intended to create in Indemnitee any right to
continued employment with the Company. 
 6.    Contribution. If the indemnification provided in this
Agreement is unavailable and may not be paid to Indemnitee for any reason other than those set forth in Section B.4, then the Company shall contribute to the amount of Expenses paid in settlement actually and reasonably incurred and paid or
payable by Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and by the Indemnitee on the other hand from the transaction or events from which such Proceeding arose, and
(ii) the relative fault of the Company on the one hand and of the Indemnitee on the other hand in connection with the events which resulted in such Expenses, as well as any other relevant equitable considerations. The relative fault of the
Company on the one hand and of the Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the circumstances
resulting in such Expenses, judgments, fines or settlement amounts. The Company agrees that it would not be just and equitable if contribution pursuant to this Section B.6 were determined by pro rata allocation or any other method of
allocation which does not take account of the foregoing equitable considerations. 
  

	C.	 INDEMNIFICATION PROCESS 

1.    Notice and Cooperation By Indemnitee. Indemnitee shall, as a condition precedent to his/her right to be
indemnified under this Agreement, give the Company notice in writing as soon as practicable of any claim made against Indemnitee for which indemnification will or could be sought under this Agreement, provided that the delay of Indemnitee to give
notice hereunder shall not prejudice any of Indemnitee’s rights hereunder, unless such delay results in the Company’s forfeiture of substantive rights or defenses. Notice to the Company shall be given in accordance with
Section F.7 below. If, at the time of receipt of such notice, the Company has directors’ and officers’ liability insurance policies in effect, the Company shall give prompt notice to its insurers of the Proceeding relating to the
notice. The Company shall thereafter take all necessary and desirable action to cause such insurers to pay, on behalf of Indemnitee, all Expenses payable as a result of such Proceeding. In addition, Indemnitee shall give the Company
such information and cooperation as the Company may reasonably request. 
 2. Indemnification Payment. 

(a)    Advancement of Expenses. Indemnitee may submit a written request with reasonable
particulars to the Company requesting that the Company advance to Indemnitee all Expenses that may be reasonably incurred in advance by Indemnitee in connection with a Proceeding. The Company shall, within 10 business days of receiving
such a written request by Indemnitee, advance all requested Expenses to Indemnitee. Any excess of the advanced Expenses over the actual Expenses will be repaid to the Company. 

  
 3 

 (b)    Reimbursement of Expenses. To the
extent Indemnitee has not requested any advanced payment of Expenses from the Company, Indemnitee shall be entitled to receive reimbursement for the Expenses incurred in connection with a Proceeding from the Company immediately after Indemnitee
makes a written request to the Company for reimbursement unless the Company refers the indemnification request to the Reviewing Party in compliance with Section C.2(c) below. 

(c)    Determination by the Reviewing Party. If the Company reasonably believes that it is not
obligated under this Agreement to indemnify the Indemnitee, the Company shall, within 10 days after the Indemnitee’s written request for an advancement or reimbursement of Expenses, notify the Indemnitee that the request for advancement of
Expenses or reimbursement of Expenses will be submitted to the Reviewing Party (as hereinafter defined). The Reviewing Party shall make a determination on the request within 30 days after the Indemnitee’s written request for an advancement or
reimbursement of Expenses. Notwithstanding anything foregoing to the contrary, in the event the Reviewing Party informs the Company that Indemnitee is not entitled to indemnification in connection with a Proceeding under this Agreement or
applicable law, the Company shall be entitled to be reimbursed by Indemnitee for all the Expenses previously advanced or otherwise paid to Indemnitee in connection with such Proceeding; provided, however, that Indemnitee may
bring a suit to enforce his/her indemnification right in accordance with Section C.3 below. 
 3.    Suit to
Enforce Rights. Regardless of any action by the Reviewing Party, if Indemnitee has not received full indemnification within 30 days after making a written demand in accordance with Section C.2 above or 50 days if the Company
submits a request for advancement or reimbursement to the Reviewing Party under Section C.2(c) above, Indemnitee shall have the right to enforce its indemnification rights under this Agreement by commencing litigation in any court of
competent jurisdiction seeking a determination by the court or challenging any determination by the Reviewing Party or any aspect of this Agreement. Any determination by the Reviewing Party not challenged by Indemnitee and any judgment entered
by the court shall be binding on the Company and Indemnitee. 
 4.    Assumption of Defense. In the event
the Company is obligated under this Agreement to advance or bear any Expenses for any Proceeding against Indemnitee, the Company shall be entitled to assume the defense of such Proceeding, with counsel approved by Indemnitee, upon delivery to
Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee under this Agreement for
any fees of counsel subsequently incurred by Indemnitee with respect to the same Proceeding, unless (i) the employment of counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have reasonably concluded,
based on written advice of counsel, that there may be a conflict of interest of such counsel retained by the Company between the Company and Indemnitee in the conduct of any such defense, or (iii) the Company ceases or terminates the employment
of such counsel with respect to the defense of such Proceeding, in any of which events the fees and expenses of Indemnitee’s counsel shall be at the expense of the Company. At all times, Indemnitee shall have the right to employ
counsel in any Proceeding at Indemnitee’s expense. 
 5.    Defense to Indemnification, Burden of Proof and
Presumptions. It shall be a defense to any action brought by Indemnitee against the Company to enforce this Agreement that it is not permissible under this Agreement or applicable law for the Company to indemnify the Indemnitee for the amount
claimed. In connection with any such action or any determination by the Reviewing Party or otherwise as to whether Indemnitee is entitled to be indemnified under this Agreement, the burden of proving such a defense or determination shall be on the
Company. 

  
 4 

 6.    No Settlement Without Consent. Neither party to this
Agreement shall settle any Proceeding in any manner that would impose any damage, loss, penalty or limitation on Indemnitee without the other party’s written consent. Neither the Company nor Indemnitee shall unreasonably withhold its
consent to any proposed settlement. 
 7.    Company Participation. Subject to Section B.5, the Company
shall not be liable to indemnify the Indemnitee under this Agreement with regard to any judicial action if the Company was not given a reasonable and timely opportunity, at its expense, to participate in the defense, conduct and/or settlement of
such action. 
 8.    Reviewing Party. 

(a)    For purposes of this Agreement, the Reviewing Party with respect to each indemnification request of
Indemnitee that is referred by the Company pursuant to Section C.2(c) above shall be (A) the Board of Directors by a majority vote of a quorum consisting of Disinterested Directors (as hereinafter defined), or (B) if a quorum of
the Board of Directors consisting of Disinterested Directors is not obtainable or, even if obtainable, said Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board of Directors, a copy of which shall be delivered
to Indemnitee. If the Reviewing Party determines that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall cooperate with the person, persons or
entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance request any documentation or information which is not privileged or
otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any Independent Counsel or member of the Board of Directors shall act reasonably and in good faith in making a
determination under this Agreement of the Indemnitee’s entitlement to indemnification. Any reasonable costs or expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person,
persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby indemnifies and agrees to hold Indemnitee harmless
therefrom. “Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is sought by Indemnitee. 

  
 5 

 (b)    If the determination of entitlement to
indemnification is to be made by Independent Counsel, the Independent Counsel shall be selected as provided in this Section C.8(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such
selection be made by the Board of Directors, in which event the proceeding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected. In either
event, Indemnitee or the Company, as the case may be, may, within 10 days after such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to such
selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in
Section C.8(d) of this Agreement, and the objection shall set forth with particularity the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If a
written objection is made and substantiated, the Independent Counsel selected may not serve as Independent Counsel unless and until such objection is withdrawn or a court has determined that such objection is without merit. If, within 20 days
after submission by Indemnitee of a written request for indemnification, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition a court of competent jurisdiction for resolution of any
objection which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the court or by such other person as the court shall
designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act as Independent Counsel. The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such
Independent Counsel in connection with acting under this Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section C.8(b), regardless of the manner in which such Independent Counsel was
selected or appointed. 
 (c)    In making a determination with respect to entitlement to indemnification
hereunder, the Reviewing Party shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with this Agreement, and the Company shall have the burden of
proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order,
settlement (with or without court approval), conviction, or upon a plea of nolocontendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely affect the right of Indemnitee to
indemnification or create a presumption that Indemnitee did not act in good faith and in a manner which he/she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that
Indemnitee had reasonable cause to believe that his/her conduct was unlawful. For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the records or
books of account of the Company and any other corporation, partnership, joint venture or other entity of which Indemnitee is or was serving at the written request of the Company as a director, officer, employee, agent or fiduciary, including
financial statements, or on information supplied to Indemnitee by the officers and directors of the Company or such other corporation, partnership, joint venture or other entity in the course of their duties, or on the advice of legal counsel for
the Company or such other corporation, partnership, joint venture or other entity or on information or records given or reports made to the Company or such other corporation, partnership, joint venture or other entity by an independent certified
public accountant or by an appraiser or other expert selected with reasonable care by the Company or such other corporation, partnership, joint venture or other entity. In addition, the knowledge and/or actions, or failure to act, of any
director, officer, agent or employee of the Company or such other corporation, partnership, joint venture or other entity shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. The
provisions of this Section C.8(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. 

  
 6 

 (d)    “Independent Counsel” means a
law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company or Indemnitee in any matter material to either such
party (other than with respect to matters concerning the Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements), or (ii) any other party to the Proceeding giving rise to a claim for indemnification
hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing
either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement. The Company agrees to pay the reasonable fees of the Independent Counsel referred to above and to fully indemnify such counsel against any
and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 
  

	D.	 DIRECTOR AND OFFICER LIABILITY INSURANCE 

1.    Good Faith Determination. The Company shall from time to time make the good faith determination whether
or not it is practicable for the Company to obtain and maintain a policy or policies of insurance with reputable insurance companies providing the officers and directors of the Company with coverage for losses incurred in connection with their
services to the Company or to ensure the Company’s performance of its indemnification obligations under this Agreement. 

2.    Coverage of Indemnitee. To the extent the Company maintains an insurance policy or policies providing
directors’ and officers’ liability insurance, Indemnitee shall be covered by such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or
officers. 
 3.    No Obligation. Notwithstanding the foregoing, the Company shall have no obligation to
obtain or maintain any director and officer insurance policy if the Company determines in good faith that such insurance is not reasonably available in the case that (i) premium costs for such insurance are disproportionate to the amount of
coverage provided, or (ii) the coverage provided by such insurance is limited by exclusions so as to provide an insufficient benefit. 
  

	E.	 NON-EXCLUSIVITY; U.S. FEDERAL PREEMPTION; TERM 

1.    Non-Exclusivity. The indemnification provided by this Agreement
shall not be deemed exclusive of any rights to which Indemnitee may be entitled under the Company’s current memorandum and articles of association, as may be amended from time to time, applicable law or any written agreement between Indemnitee
and the Company (including its subsidiaries and affiliates). The indemnification provided under this Agreement shall continue to be available to Indemnitee for any action taken or not taken while serving in an indemnified capacity even though
he/she may have ceased to serve in any such capacity at the time of any Proceeding. 

  
 7 

 2.    U.S. Federal Preemption. Notwithstanding the
foregoing, both the Company and Indemnitee acknowledge that in certain instances, U.S. federal law or public policy may override applicable law and prohibit the Company from indemnifying its directors and officers under this Agreement or
otherwise. Such instances include, but are not limited to, the U.S. Securities and Exchange Commission (the “SEC”)’s prohibition on indemnification for liabilities arising under certain U.S. federal securities
laws. Indemnitee understands and acknowledges that the Company has undertaken or may be required in the future to undertake with the SEC to submit the question of indemnification to a court in certain circumstances for a determination of the
Company’s right under public policy to indemnify Indemnitee. 
 3.    Duration of Agreement. All
agreements and obligations of the Company contained herein shall continue during the period Indemnitee is an officer and/or a director of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of
another corporation, partnership, joint venture, trust or other enterprise) and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding by reason of his/her former or current capacity at the Company, whether or not he/she
is acting or serving in any such capacity at the time any Expense is incurred for which indemnification can be provided under this Agreement. This Agreement shall continue in effect regardless of whether Indemnitee continues to serve as an
officer and/or a director of the Company or any other enterprise at the Company’s request. 
  

	F.	 MISCELLANEOUS 

1.    Amendment of this Agreement. No supplement, modification, or amendment of this Agreement shall be binding
unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall operate as a waiver of any other provisions (whether or not similar), nor shall such waiver constitute a continuing waiver. Except
as specifically provided in this Agreement, no failure to exercise or any delay in exercising any right or remedy shall constitute a waiver. 

2.    Subrogation. In the event of payment to Indemnitee by the Company under this Agreement, the Company
shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be necessary to secure such rights, including the execution of such documents
necessary to enable the Company to bring suit to enforce such rights. 
 3.    Assignment; Binding
Effect. Neither this Agreement nor any of the rights or obligations hereunder may be assigned by either party hereto without the prior written consent of the other party; except that the Company may, without such consent, assign all such
rights and obligations to a successor in interest to the Company which assumes all obligations of the Company under this Agreement. Notwithstanding the foregoing, this Agreement shall be binding upon and inure to the benefit of and be
enforceable by and against the parties hereto and the Company’s successors (including any direct or indirect successor by purchase, merger, consolidation, or otherwise to all or substantially all of the business and/or assets of the Company)
and assigns, as well as Indemnitee’s spouses, heirs, and personal and legal representatives. 

  
 8 

 4.    Severability and Construction. Nothing in this
Agreement is intended to require or shall be construed as requiring the Company to do or fail to do any act in violation of applicable law. The Company’s inability, pursuant to a court order, to perform its obligations under this Agreement
shall not constitute a breach of this Agreement. In addition, if any portion of this Agreement shall be held by a court of competent jurisdiction to be invalid, void, or otherwise unenforceable, the remaining provisions shall remain enforceable
to the fullest extent permitted by applicable law. The parties hereto acknowledge that they each have opportunities to have their respective counsels review this Agreement. Accordingly, this Agreement shall be deemed to be the product of
both of the parties hereto, and no ambiguity shall be construed in favor of or against either of the parties hereto. 

5.    Counterparts. This Agreement may be executed in two counterparts, both of which taken together shall
constitute one instrument. 
 6.    Governing Law. This agreement and all acts and transactions pursuant
hereto and the rights and obligations of the parties hereto shall be governed, construed and interpreted in accordance with the laws of the State of New York, without giving effect to conflicts of law provisions thereof. 

7.    Notices. All notices, demands, and other communications required or permitted under this Agreement shall
be made in writing and shall be deemed to have been duly given if delivered by hand, against receipt, or mailed via postage prepaid, certified or registered mail, return receipt requested, and addressed to the Company at: 

Jiayin Group Inc. 
 26th Floor,
Building No. 1, Youyou Century Plaza, 428 South Yanggao Road 
 Pudong New Area, Shanghai 200122 

People’s Republic of China 

Attention: Chief Financial Officer 
 and to
Indemnitee at his/her address last known to the Company. 
 8.    Entire Agreement. This Agreement
constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof. 

(Signature page follows) 

  
 9 

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

 

			
	Jiayin Group Inc.
		
	By:	 	  

	Name:	 	
	Title:	 	

  

			
	Indemnitee
		
	Signature:	 	  

	Name:	 	

 [Signature Page to Indemnification Agreement]

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