Document:

Exhibit 10.5

 

 

THIS PROMISSORY NOTE (“NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”). THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT ONLY AND MAY NOT BE SOLD, TRANSFERRED
OR ASSIGNED IN THE ABSENCE OF REGISTRATION OF THE RESALE THEREOF UNDER THE SECURITIES ACT OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY
IN FORM, SCOPE AND SUBSTANCE TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED.

 

PROMISSORY NOTE

 

	Principal Amount: Up to $200,000	Dated as of June 11, 2021
	 	New York, New York

 

 

Mana Capital Acquisition
Corp., a Delaware corporation (the “Maker”),
promises to pay to the order of Mana Capital LLC or its registered assigns or successors in interest (the “Payee”),
or order, the principal sum of up to Two Hundred Thousand Dollars ($200,000) in lawful money of the United States of America, on the terms
and conditions described below. All payments on this Note shall be made by check or wire transfer of immediately available funds or as
otherwise determined by the Maker to such account as the Payee may from time to time designate by written notice in accordance with the
provisions of this Note.

 

1.
Principal. The principal balance of this Note shall be payable by the Maker on
the later of (i) December 11, 2021 in case an initial public offering of the Maker’s securities (the “IPO”) cannot
be successfully consummated or (ii) the date on which Maker consummates a business combination in the case of a successful IPO. At the
option of the Payee, this Note may also be converted into up to 200,000 warrants for $1.00 per warrant (the “Working Capital Warrants”),
each Working Capital Warrant entitling Payee to purchase one share of the common stock of the Maker for $11.50 per share. 

Under no circumstances shall any individual, including but not limited to any officer,
director, employee or shareholder of the Maker, be obligated personally for any obligations or liabilities of the Maker hereunder.

 

2. Interest. No
interest shall accrue on the unpaid principal balance of this Note.

 

3.
Drawdown Requests. Maker and Payee agree that Maker may request up to Two Hundred Thousand Dollars ($200,000) for costs reasonably
related to Maker’s initial public offering of its securities. The principal of this Note may be drawn down from time to time prior
to the earlier of (i) December 11, 2021 or (ii) the date on which Maker consummates an initial public offering of its securities, upon
written request from Maker to Payee (each, a “Drawdown Request”). Each Drawdown Request must state the amount to be
drawn down, and must not be an amount less than Ten Thousand Dollars ($10,000) unless agreed upon by Maker and Payee. Payee shall fund
each Drawdown Request no later than five (5) business days after receipt of a Drawdown Request; provided, however, that the maximum amount
of drawdowns collectively under this Note is Two Hundred Thousand Dollars ($200,000). Once an amount is drawn down under this Note, it
shall not be available for future Drawdown Requests even if prepaid. No fees, payments or other amounts shall be due to Payee in connection
with, or as a result of, any Drawdown Request by Maker. It is acknowledged that the Company may have received amounts in respect of drawdowns
under this Note prior to the date hereof, and it is agreed that all such sums were received as drawdowns of principal hereunder in anticipation
of the execution of this Note.

 

4. Application
of Payments. All payments shall be applied first to payment in full of any costs
incurred in the collection of any sum due under this Note, including (without limitation) reasonable attorney’s fees, then to the
payment in full of any late charges and finally to the reduction of the unpaid principal balance of this Note.

 

5. Events of Default.
The following shall constitute an event of default (“Event
of Default”):

 

(a) Failure to Make Required Payments. Failure by Maker to pay the principal amount
due pursuant to this Note within five (5) business days of the date specified above.

 

(b) Voluntary Bankruptcy, Etc. The commencement by Maker of a voluntary case under
any applicable bankruptcy, insolvency, reorganization, rehabilitation or other similar law, or the consent by it to the appointment of
or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) of Maker or for
any substantial part of its property, or the making by it of any assignment for the benefit of creditors, or the failure of Maker generally
to pay its debts as such debts become due, or the taking of corporate action by Maker

in furtherance of any of the foregoing.

 

 

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(c) Involuntary Bankruptcy, Etc. The entry of a decree or order for relief by a court
having jurisdiction in the premises in respect of Maker in an involuntary case under any applicable bankruptcy, insolvency or other similar
law, or appointing a receiver, liquidator, assignee, custodian, trustee, sequestrator (or similar official) of Maker or for any substantial
part of its property, or ordering the winding-up or liquidation of its affairs, and the continuance of any such decree or order unstayed
and in effect for a period of 60 consecutive days.

 

6. Remedies.

 

(a) Upon the occurrence of an Event of Default specified in Section 5(a) hereof, Payee
may, by written notice to Maker, declare this Note to be due immediately and payable, whereupon the unpaid principal amount of this Note,
and all other amounts payable hereunder, shall become immediately due and payable without presentment, demand, protest or other notice
of any kind, all of which are hereby expressly waived, anything contained herein or in the documents evidencing the same to the contrary
notwithstanding.

 

(b) Upon the occurrence of an Event of Default specified in Sections 5(b) and 5(c),
the unpaid principal balance of this Note, and all other sums payable with regard to this Note, shall automatically and immediately become
due and payable, in all cases without any action on the part of Payee.

 

7. Waivers. Maker
and all endorsers and guarantors of, and sureties for, this Note waive presentment for payment, demand, notice of dishonor, protest,
and notice of protest with regard to the Note, all errors, defects and imperfections in any proceedings instituted by Payee under
the terms of this Note, and all benefits that might accrue to Maker by virtue of any present or future laws exempting any property, real
or personal, or any part of the proceeds arising from any sale of any such property, from attachment, levy or sale under execution, or
providing for any stay of execution, exemption from civil process, or extension of time for payment; and Maker agrees that any real estate
that may be levied upon pursuant to a judgment obtained by virtue hereof or any writ of execution issued hereon, may be sold upon any
such writ in whole or in part in any order desired by Payee.

 

8. Unconditional
Liability. Maker hereby waives all notices in connection with the delivery, acceptance,
performance, default, or enforcement of the payment of this Note, and agrees that its liability shall be unconditional, without
regard to the liability of any other party, and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver
or modification granted or consented to by Payee, and consents to any and all extensions of time, renewals, waivers, or modifications
that may be granted by Payee with respect to the payment or other provisions of this Note, and agrees that additional makers, endorsers,
guarantors, or sureties may become parties hereto without notice to Maker or affecting Maker’s liability hereunder.

 

9. Notices. All
notices, statements or other documents which are required or contemplated by this Note shall be made in writing and delivered: (i) personally
or sent by first class registered or certified mail, overnight courier service or facsimile or electronic transmission to the
address designated in writing, (ii) by facsimile to the number most recently provided to such party or such other address or fax number
as may be designated in writing by such party or (iii) by electronic mail, to the electronic mail address most recently provided to such
party or such other electronic mail address as may be designated in writing by such party. Any notice or other communication so transmitted
shall be deemed to have been given on the day of delivery, if delivered personally, on the business day following receipt of written
confirmation, if sent by facsimile or electronic transmission, one (1) business day after delivery to an overnight courier service or
five (5) days after mailing if sent by mail.

 

10. Construction.
THIS NOTE SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF DELAWARE,
WITHOUT REGARD TO CONFLICT OF LAW PROVISIONS THEREOF.

 

 

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11. Severability.
Any provision contained in this Note which is prohibited or unenforceable in
any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating
the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render
unenforceable such provision in any other jurisdiction.

 

12. Trust Waiver.
Notwithstanding anything herein to the contrary, the Payee hereby waives any and all right, title, interest or claim of any kind (“Claim”)
in or to any distribution of or from the trust account to be established in which the proceeds of the IPO to be conducted by the Maker
(including the deferred underwriters discounts and commissions) and the proceeds of the sale of the warrants to be issued in a private
placement to occur prior to the closing of the IPO are to be deposited, as described in greater detail in the registration statement and
prospectus to be filed with the Securities and Exchange Commission in connection with the IPO, and hereby agrees not to seek recourse,
reimbursement,payment or satisfaction for any Claim against the trust account for any reason whatsoever.

 

13.
Amendment; Waiver.
Any amendment hereto or waiver of any provision hereof may be made with, and only with, the written consent of the Maker and the Payee.

 

14.
Assignment. No assignment
or transfer of this Note or any rights or obligations hereunder may be made by any party hereto (by operation of law or otherwise) without
the prior written consent of the other party hereto and any attempted assignment without the required consent shall be void.

 

IN WITNESS WHEREOF,
Maker, intending to be legally bound hereby, has caused this Note to be duly executed as deed by the undersigned on the day and year
first above written.

 

MANA CAPITAL ACQUISITION CORP.

 

 

By: /s/ Jonathan Intrater

Name: Jonathan Intrater

Title: Chief Executive Officer

 

 

3Exhibit 10.6

 

 

 

Ladenburg Thalmann
& Co. Inc.

640 Fifth Avenue, 4th floor

New York, New York 10019

 

 

,
2021

 

 

Mana
Capital Acquisition Corp.

8 The Green

Suite #12490

Dover, Delaware 19901

Attention:
Jonathan Intrater, Chief Executive Officer

 

Ladies
and Gentlemen:

 

This
is to confirm our agreement (this “Agreement”) whereby Mana Capital Acquisition Corp, a Delaware corporation (“Company”),
has requested Ladenburg Thalmann & Co. Inc. (“Ladenburg”) and I-Bankers Securities, Inc. (“I-Bankers”,
and together with Ladenburg the “Advisors”) to assist it in connection with the Company effecting a 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. 333-260360) filed with the Securities and Exchange Commission (“Registration Statement”)
in connection with its initial public offering (“IPO”).

 

1.        
 Services and Fees.

 

		(a)	The Advisors 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 Advisors a cash fee of 2.5% of the gross
                                            proceeds received by the Company in the IPO (the “Fee”). The Company will
                                            allocate 95% of the Fee to Ladenburg and 5% of the Fee to I-Bankers. The Fee shall be payable
                                            in cash and is due and payable to the Advisors by wire transfer at the closing of the Business
                                            Combination (“Closing”) from the Trust Account (defined below). If a proposed
                                            Business Combination is not consummated for any reason, no Fee shall be due or payable to
                                            the Advisors hereunder. The Fee shall be exclusive of any finder’s fees which may become
                                            payable to the Advisors pursuant to any subsequent agreement between the Advisor and the
                                            Company or the Target.

 

 

		(c)	The
                                            Fee shall be payable in cash and is due and payable to the Advisors by wire transfer at the
                                            closing of the Business Combination (“Closing”) from the Trust Account
                                            (defined below); provided that the 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 Advisors hereunder.

 

 

    	  

    	 

    

[•], 2021

Page 2

 

 

 

2.        
Expenses.

 

At
the Closing, the Company shall reimburse the Advisors up to $20,000 for its reasonable and documented costs and expenses incurred (including
its reasonable 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 Advisors by wire transfer at the Closing from the Trust
Account.

 

 

3.        
Company Cooperation.

 

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

 

(b)       Each
Advisor agrees to keep strictly confidential all information conveyed by the Company or the Company’s Representatives (as defined
below) to each Advisor in connection with this Agreement including, for the avoidance of doubt, the identities of any Targets and any
Business Combination, in whatever form, whether written, electronic or oral, and to execute a non-disclosure agreement in customary form
reasonably acceptable to each Advisor if requested to do so by the Company.

 

4.        
Representations; Warranties and Covenants.

 

The
Company represents, warrants and covenants to each Advisor that all Information it makes available to either Advisor by or on behalf
of the Company in connection with the performance of its obligations hereunder will not, to the Company’s knowledge, 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. The Company
acknowledges and agrees that each Advisors will use and rely on the accuracy and completeness of the Information supplied to such Advisor
without having the obligation to independently verify the same.

 

5.        
Indemnity.

 

The
Company shall indemnify each 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, each Advisor hereby acknowledges that the Company has established a trust account (the “Trust Account”)
containing the proceeds of the IPO and from a certain private placement occurring simultaneously with the IPO (including interest accrued
from time to time thereon) for the benefit of the Company’s public stockholders and certain other parties. For and in consideration
of the Company entering into this Agreement, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, each Advisor hereby agrees, (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 with respect to this Agreement (each, a “Claim”); (ii) to waive any Claim it
may have against the Trust Account now or 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.

 

    	  

    	 

    

[•], 2021

Page 3

 

 

 

6.        
Use of Name and Reports.

 

Without
each 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 Advisors to the Company or any communication from the Advisors, in each case, in connection with performance
of the Advisors’ services hereunder, except as required by applicable federal or state law, regulation or securities exchange rule.

 

7.        
 Status as Independent Contractor.

 

Each
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 each 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, each 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 Advisors nor any of the Advisors’ 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 each 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, each 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 each 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.

 

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 any party without the written consent of the other parties. 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.

 

 

    	  

    	 

    

[•], 2021

Page 4

 

 

 

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. The Company’s engagement of any other consultant(s) shall not
affect each 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 be brought
and enforced in the courts of the State of New York, County of New York, 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. 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.

 

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.

 

 

    	  

    	 

    

 

[•], 2021

Page 5

 

 

 

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.

 

LADENBURG
THALMANN & CO. INC.

 

 

BY: _______________________________

Name: 

Title: 

 

 

I-Bankers
Securities, Inc.

 

 

BY: _______________________________

Name:

Title:

 

AGREED
AND ACCEPTED BY:

 

MANA CAPITAL
ACQUISITION CORP.

 

 

BY: __________________________________

Name: Jonathan Intrater

Title: Chief Executive Officer

 

 

 

    	  

    	 

    

[•], 2021

Page 6

 

 

ANNEX I

 

INDEMNIFICATION

 

In
connection with the Company’s engagement of Ladenburg Thalmann & Co., Inc. and I-Bankers Securities, Inc. (the “Advisors”
and each an “Advisor”) pursuant to that certain letter agreement (“Agreement”) of which this Annex forms a part,
Mana Capital Acquisition Corp. (the “Company”) hereby agrees, subject to the second paragraph of Section 5 of the Agreement,
to indemnify and hold harmless each Advisor and each of its affiliates and its 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 Advisors, or
(B) otherwise relate to or arise out of each Advisor’s activities on the Company’s behalf under such 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 Advisors 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.

 

 

    	  

    	 

    

[•], 2021

Page 7

 

 

 

 

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 any Advisor is an Indemnified Person), the Company and the Advisors 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 each Advisor
on the other, in connection with such Advisor’s engagement referred to above, subject to the limitation that in no event shall
the amount of any such Advisor’s contribution to such Claim exceed the amount of fees actually received by such 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 each Advisor on the other, with respect to such 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 Advisors are engaged to render services bears to (b) the fee paid or proposed to be paid to
such 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.

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