Document:

Exhibit 10.9

 

INDEMNIFICATION AGREEMENT 

 

THIS INDEMNIFICATION
AGREEMENT (this “Agreement”) is made as of [●], 2022, by and between Getty
Images Holdings, Inc., a Delaware corporation (the “Company”), and the undersigned (“Indemnitee”).
Capitalized terms not defined elsewhere in this Agreement are used as defined in Section 14.

 

RECITALS

 

WHEREAS, the
Board of Directors of the Company (the “Board”) has determined that it is reasonable, prudent and necessary for the
Company to contractually obligate itself to indemnify, hold harmless, exonerate and advance expenses on behalf of persons who serve the
Company and its direct and indirect subsidiaries, to the fullest extent permitted by applicable law, in order to, among other things,
support the retention of highly competent persons who may be hesitant to serve in such roles without such protections;

 

WHEREAS, this
Agreement is a supplement to and in furtherance of the Company’s Certificate of Incorporation (the “Charter”)
and Bylaws (the “Bylaws” and together with the Charter, the “Organizational Documents”), in each
case, as may be amended from time to time, and any resolutions adopted pursuant thereto, as well as any rights of Indemnitees under any
directors’ and officers’ policies of liability insurance, and shall not be deemed a substitute therefor, nor to diminish or
abrogate any rights of Indemnitee thereunder; and

 

WHEREAS, Indemnitee
may not be willing to serve as an officer or director without adequate protection, and the Company desires Indemnitee to serve in such
capacity, and Indemnitee is willing to serve, continue to serve, and to take on additional service for or on behalf of the Company on
the condition that Indemnitee be so indemnified.

 

AGREEMENT

 

In consideration
of the Indemnitee’s agreement to serve as a director or officer of the Company from and after the date hereof, and the premises
and the covenants contained herein, the Company and Indemnitee do hereby covenant and agree as follows:

 

1.          Services
by Indemnitee; Indemnity of Indemnitee. The Company hereby agrees to hold harmless and indemnify Indemnitee to the fullest extent
permitted by law, as such may be amended from time to time. In furtherance of the foregoing indemnification, and without limiting the
generality thereof:

 

(a)         Services
by Indemnitee. Indemnitee hereby agrees to serve or continue to serve as a director or officer of the Company, for so long as Indemnitee
is duly elected or appointed or until Indemnitee tenders such Indemnitee’s resignation or is removed. This Agreement shall not
be deemed an employment contract between the Company or any of its subsidiaries or any Enterprise and Indemnitee.

 

    

     

    

 

(b)        Proceedings Other Than Proceedings by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification
provided in this Section l(b) if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be made,
a party to or participant in any Proceeding other than a Proceeding by or in the right of the Company. Pursuant to this Section 1(b),
Indemnitee shall be indemnified against all Expenses, judgments, penalties, fines and amounts paid in settlement actually and reasonably
incurred by Indemnitee, or on Indemnitee’s behalf, in connection with such Proceeding or any claim, issue or matter therein, if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company,
and with respect to any criminal Proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful.

 

(c)       Proceedings
by or in the Right of the Company. Indemnitee shall be entitled to the rights of indemnification provided in this Section 1(c)
if, by reason of Indemnitee’s Corporate Status, Indemnitee is, or is threatened to be made, a party to or participant in any
Proceeding brought by or in the right of the Company. Pursuant to this Section 1(c), Indemnitee shall be indemnified against all
Expenses actually and reasonably incurred by Indemnitee, or on Indemnitee’s behalf, in connection with such Proceeding if Indemnitee
acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided,
however, if applicable law so provides, no indemnification against such Expenses shall be made in respect of any claim, issue
or matter in such Proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that
the Court of Chancery of the State of Delaware shall determine that such indemnification may be made.

 

(d)       Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Without limiting any other provision of this
Agreement, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party to (or a participant in) and is
successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or matter therein, in whole or in part, Indemnitee
shall be indemnified to the maximum extent permitted by law, as such may be amended from time to time, against all Expenses actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. If Indemnitee is not wholly successful in such
Proceeding but is successful, on the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding,
the Company shall, to the fullest extent permitted by applicable law, indemnify Indemnitee against all Expenses actually and reasonably
incurred by Indemnitee or on Indemnitee’s behalf in connection with each successfully resolved claim, issue or matter. For purposes
of this Section 1(d) and without limitation, the termination of any claim, issue or matter in such a Proceeding by dismissal, with
or without prejudice, shall be deemed to be a successful result as to such claim, issue or matter.

 

(e)       Partial
Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a
portion of Expenses, but not, however, for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion
thereof to which Indemnitee is entitled.

 

2.          Additional
Indemnity; Hold Harmless and Exoneration Rights. In addition to, and without regard to any limitations on, the indemnification
provided for in Section 1 of this Agreement, the Company shall, to the fullest extent permitted by applicable law, indemnify,
hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened to be made a party to any Proceeding against all
Expenses and judgments, fines, penalties and amounts paid in settlement in any Proceeding by or in the right of the Company to
procure a judgment in its favor (including all interest, assessments and other charges paid or payable in connection with or in
respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee
in connection with the Proceeding.

 

    

     

    

 

		3.	Contribution.

 

(a)       Payment by the Company. Whether or not the indemnification provided in Sections 1 and Section 2 hereof is
available, in respect of any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee
(or would be if joined in such action, suit or proceeding), the Company shall pay, in the first instance, the entire amount of any judgment
or settlement of such action, suit or proceeding without requiring Indemnitee to contribute to such payment and the Company hereby waives
and relinquishes any right of contribution it may have against Indemnitee.

 

(b)       Expenses,
Judgements, Fines and Settlement Amounts. Without diminishing or impairing the obligations of the Company set forth in Section
3(a) hereof, if, for any reason, Indemnitee shall elect or be required to pay all or any portion of any judgment or settlement in
any threatened, pending or completed action, suit or proceeding in which the Company is jointly liable with Indemnitee (or would be if
joined in such action, suit or proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid
in settlement actually and reasonably incurred and paid or payable by Indemnitee in proportion to the relative benefits received by the
Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable with Indemnitee (or would
be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, from the transaction from which
such action, suit or proceeding arose; provided, however, that the proportion determined on the basis of relative benefit
may, to the extent necessary to conform to law, be further adjusted by reference to the relative fault of the Company and all officers,
directors or employees of the Company other than Indemnitee who are jointly liable with Indemnitee (or would be if joined in such action,
suit or proceeding), on the one hand, and Indemnitee, on the other hand, in connection with the events that resulted in such Expenses,
judgments, fines or settlement amounts, as well as any other equitable considerations which applicable law may require to be considered.
The relative fault of the Company and all officers, directors or employees of the Company, other than Indemnitee, who are jointly liable
with Indemnitee (or would be if joined in such action, suit or proceeding), on the one hand, and Indemnitee, on the other hand, shall
be determined by reference to, among other things, the degree to which their actions were motivated by intent to gain personal profit
or advantage, the degree to which their liability is primary or secondary and the degree to which their conduct is active or passive.

 

(c)       Indemnification
of Claims of Contribution. The Company hereby agrees to fully indemnify and hold Indemnitee harmless from any claims of contribution
that may be brought by officers, directors or employees of the Company, other than Indemnitee, who may be jointly liable with Indemnitee.

 

    

     

    

 

(d)       Contribution for Indemnifiable Events. To the fullest extent permissible under applicable law, if the indemnification provided
for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of indemnifying Indemnitee, shall
contribute to the amount incurred by Indemnitee, whether for judgments, fines, penalties, amounts paid in settlement and/or for Expenses,
in connection with any claim relating to an indemnifiable event under this Agreement, in such proportion as is deemed fair and reasonable
in light of all of the circumstances of such Proceeding in order to reflect (i) the relative benefits received by the Company and Indemnitee
as a result of the event(s) and/or transaction(s) giving cause to such Proceeding; and/or (ii) the relative fault of the Company (and
its directors, officers, employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s).

 

4.           Indemnification
for Expenses of a Witness. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of
Indemnitee’s Corporate Status, a witness, or is made (or asked to) respond to discovery requests, in any Proceeding to which Indemnitee
is not a party, he or she shall be indemnified against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s
behalf in connection therewith.

 

5.           Advancement
of Expenses. Notwithstanding any other provision of this Agreement, the Company shall advance all Expenses incurred by or on behalf
of Indemnitee in connection with any Proceeding by reason of Indemnitee’s Corporate Status within thirty (30) days after the receipt
by the Company of a statement or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or
after final disposition of such Proceeding and regardless of such Indemnitee’s ability to repay any such amounts in the event of
an ultimate determination that Indemnitee is not entitled thereto. Such statement or statements shall reasonably evidence the Expenses
incurred by Indemnitee and shall include or be preceded or accompanied by a written undertaking by or on behalf of Indemnitee to repay
any Expenses advanced if it shall ultimately be determined by final judgment or other final adjudication under the provisions of any
applicable law (as to which all rights of appeal therefrom have been exhausted or lapsed) that Indemnitee is not entitled to be indemnified
against such Expenses under the provisions of this Agreement, the Organizational Documents, applicable law or otherwise. Any advances
and undertakings to repay pursuant to this Section 5 shall be unsecured and interest free. This Section 5 shall be subject to
Section 13 and shall not apply to any claim made by Indemnitee for which indemnity is excluded pursuant to Section 9.

 

6.           Procedures
and Presumptions for Determination of Entitlement to Indemnification. It is the intent of this Agreement to secure for Indemnitee
rights of indemnity that are as favorable as may be permitted under the Delaware General Company Law (“DGCL”) and
public policy of the State of Delaware. Accordingly, the parties agree that the following procedures and presumptions shall apply in
the event of any question as to whether Indemnitee is entitled to indemnification under this Agreement:

 

(a)      Written
Request of Indemnification. To obtain indemnification under this Agreement, Indemnitee shall submit to the General Counsel of the
Company a written request, including therein or therewith such documentation and information as is reasonably available to Indemnitee
and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The General Counsel of
the Company shall, promptly upon receipt of such a request for indemnification, advise the Board in writing that Indemnitee has requested
indemnification. Notwithstanding the foregoing, any failure of Indemnitee to provide such a request to the Company, or to provide such
a request in a timely fashion, shall not relieve the Company of any liability that it may have to Indemnitee unless, and to the extent
that, such failure actually and materially prejudices the interests of the Company.

 

    

     

    

 

(b)       Determination
of Indemnification. Upon written request by Indemnitee for indemnification pursuant to the first sentence of Section 6(a)
hereof, a determination with respect to Indemnitee’s entitlement thereto shall be made in the specific case by one of the following
four methods, which shall be at the election of the Board: (i) by a majority vote of the Disinterested Directors, even though less than
a quorum, (ii) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less
than a quorum, (iii) if there are no Disinterested Directors, or if the Disinterested Directors so direct, by Independent Counsel in
a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (iv) if so directed by the Board, by the stockholders
of the Company; provided, however, that if a Change in Control has occurred, the determination with respect to Indemnitee’s
entitlement to indemnification shall be made by Independent Counsel.

 

(c)       Independent
Counsel. In the event the determination of entitlement to indemnification is to be made by Independent Counsel, the Independent Counsel
shall be selected as provided in this Section 6(c). If a Change in Control has not occurred, the Independent Counsel shall be
selected by the Board (including a vote of a majority of the Disinterested Directors, if obtainable), and the Company shall give written
notice advising the Indemnitee of the identity of the Independent Counsel so selected. Indemnitee may, within ten (10) days after such
written notice of selection shall have been given, deliver to the Company 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 14 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, 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 a Change in Control has occurred, the Independent Counsel shall be selected by
the Indemnitee (unless the Indemnitee shall request that such selection be made by the Board, in which event the preceding sentence shall
apply), and approved by the Board (which approval shall not be unreasonably withheld). If (i) an Independent Counsel is to make the determination
of entitlement pursuant to this Section 6, and (ii) within twenty (20) days after submission by Indemnitee of a written request
for indemnification pursuant to Section 6(a) hereof, no Independent Counsel shall have been selected and not objected to, either
the Company or Indemnitee may petition the Court of Chancery of the State of Delaware or other court of competent jurisdiction for resolution
of any objection which shall have been made by Indemnitee to the Company’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 under Section 6(b) hereof.
The Company shall pay any and all reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection
with acting pursuant to Section 6(b) hereof, and the Company shall pay all reasonable fees and expenses incident to the procedures
of this Section 6(c), regardless of the manner in which such Independent Counsel was selected or appointed.

 

    

     

    

 

(d)       Presumption
of Indemnification. In making a determination with respect to entitlement to indemnification hereunder, the person or persons or
entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement. Anyone seeking to
overcome this presumption shall have the burden of proof and the burden of persuasion by clear and convincing evidence. Neither the failure
of the Company (including by its directors or independent legal counsel) to have made a determination prior to the commencement of any
action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard
of conduct, nor an actual determination by the Company (including by its directors or independent legal counsel) that Indemnitee has
not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the
applicable standard of conduct.

 

(e)      Presumption
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 Enterprise, including financial statements, or on information supplied to Indemnitee by the officers of the Enterprise
in the course of their duties, or on the advice of legal counsel for the Enterprise or on information or records given or reports made
to the Enterprise by an independent certified public accountant or by an appraiser or other expert selected by the Enterprise. The provisions
of this Section 6(e) 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. In addition, the knowledge and/or actions,
or failure to act, of any director, officer, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining
the right to indemnification under this Agreement. Whether or not the foregoing provisions of this Section 6(e) are satisfied,
it shall in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the Company. Anyone seeking to overcome this presumption shall have the burden of proof
and the burden of persuasion by clear and convincing evidence.

 

(f)        Timing.
If the person, persons or entity empowered or selected under this Section 6 to determine whether Indemnitee is entitled to indemnification
shall not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination
of entitlement to indemnification shall, to the fullest extent permitted by law, be deemed to have been made and Indemnitee shall be
entitled to such indemnification absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary
to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition
of such indemnification under applicable law; provided, however, that such sixty (60) day period may be extended for a
reasonable time, not to exceed an additional thirty (30) days, if the person, persons or entity making such determination with respect
to entitlement to indemnification in good faith requires such additional time to obtain or evaluate documentation and/or information
relating thereto; and provided, further, that the foregoing provisions of this Section 6(f) shall not apply if the
determination of entitlement to indemnification is to be made by the stockholders pursuant to Section 6(b) of this Agreement and
if (A) within fifteen (15) days after receipt by the Company of the request for such determination, the Board or the Disinterested Directors,
if appropriate, resolve to submit such determination to the stockholders for their consideration at an annual meeting thereof to be held
within seventy-five (75) days after such receipt and such determination is made thereat, or (B) a special meeting of stockholders is
called within fifteen (15) days after such receipt for the purpose of making such determination, such meeting is held for such purpose
within sixty (60) days after having been so called and such determination is made thereat.

 

    

     

    

 

(g)       Cooperation. 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 shall act reasonably and in good faith in making a determination
regarding Indemnitee’s entitlement to indemnification under this Agreement. Any costs or expenses (including 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.

 

(h)       Presumption
of Success on the Merits. The Company acknowledges that a settlement or other disposition short of final judgment may be successful
if it permits a party to avoid expense, delay, distraction, disruption and uncertainty. In the event that any action, claim or proceeding
to which Indemnitee is a party is resolved in any manner other than by adverse judgment against Indemnitee (including, without limitation,
settlement of such action, claim or proceeding with or without payment of money or other consideration) it shall be presumed that Indemnitee
has been successful on the merits or otherwise in such action, suit or proceeding. Anyone seeking to overcome this presumption shall
have the burden of proof and the burden of persuasion by clear and convincing evidence.

 

(i)        Termination
of Proceeding. The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction,
or upon a plea of nolo contendere 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 or 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 Indemnitee’s conduct was unlawful.

 

		7.	Remedies of Indemnitee.

 

(a)       Disputes.
In the event of any dispute between Indemnitee and the Company hereunder as to entitlement to indemnification or advancement of Expenses,
including where (i) a determination is made pursuant to Section 6 of this Agreement that Indemnitee is not entitled to indemnification,
(ii) payment is not timely made following a determination of entitlement to indemnification pursuant to Section 6 of this Agreement,
(iii) an advancement of Expenses is not timely made pursuant to Section 5 of this Agreement, (iv) a contribution payment is not
timely made pursuant to Section 3 of this Agreement, or (v) no determination as to entitlement to indemnification is timely made
pursuant to Section 6 of this Agreement and payment is not timely made after entitlement is deemed to have been determined pursuant
to Section 6(f), Indemnitee may at any time thereafter bring suit against the Company seeking an adjudication of entitlement to
such indemnification or advancement of Expenses, and any such suit shall be brought in the Court of Chancery of the State of Delaware,
or in any other court of competent jurisdiction. Alternatively, Indemnitee, at such person’s option, may seek an award in arbitration
to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association. Except as
set forth herein, the provisions of Delaware law (without regard to its conflict of law rules) shall apply to any such arbitration. The
Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

 

    

     

    

 

(b)       Burden
of Proof. In the event that a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee
is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 7 shall be conducted
in all respects as a de novo trial, or arbitration, on the merits, and Indemnitee shall not be prejudiced by reason of the adverse determination
under Section 6(b). In any judicial proceeding or arbitration commenced pursuant to this Section 7, the Company shall have
the burden of proving that Indemnitee was not entitled to the requested indemnification, advancement or payment of Expenses. It shall
be a defense to any such action (other than an action brought to enforce a claim for Expenses incurred in defending any proceeding in
advance of its final disposition where the required undertaking, if any is required, has been tendered to the Company) that Indemnitee
has not met the standards of conduct which make it permissible under this Agreement, the Organizational Documents or the DGCL for the
Company to indemnify Indemnitee for the amount claimed. Neither the failure of the Company (including the Board, Independent Counsel,
or its stockholders) to have made a determination prior to the commencement of such action that indemnification or advancement is proper
in the circumstances because Indemnitee has met the applicable standard of conduct set forth in this Agreement, the Organizational Documents
or the DGCL, nor an actual determination by the Company (including the Board, Independent Counsel, or its stockholders) that Indemnitee
has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met
any applicable standard of conduct. If successful, in whole or in part, Indemnitee shall also be entitled to be paid the Expenses of
prosecuting such action to the fullest extent permitted by law.

 

(c)       Binding Effect. If a determination shall have been made pursuant to Section 6(b) of this Agreement that Indemnitee
is entitled to indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant
to this Section 7, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make
Indemnitee’s misstatement not materially misleading in connection with the application for indemnification, or (ii) a prohibition
of such indemnification under applicable law.

 

(d)       Remedies
for Breaches of this Agreement. In the event that Indemnitee, pursuant to this Section 7, seeks a judicial adjudication of
Indemnitee’s rights under, or to recover damages for breach of, this Agreement, or to recover under any directors’ and officers’
liability insurance policies maintained by the Company, the Company shall pay on Indemnitee’s behalf, in advance, any and all expenses
(of the types described in the definition of Expenses in Section 14 of this Agreement) actually and reasonably incurred by Indemnitee
in such judicial adjudication to the fullest extent permitted by applicable law.

 

    

     

    

 

(e)       Binding
Effect of this Agreement. The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant
to this Section 7 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate
in any such court or before any such arbitrator that the Company is bound by all the provisions of this Agreement. It is the intent of
the Company that, to the fullest extent permitted by law, the Indemnitee not be required to incur legal fees or other Expenses associated
with the interpretation, enforcement or defense of Indemnitee’s rights under this Agreement by litigation or otherwise because
the cost and expense thereof would substantially detract from the benefits intended to be extended to the Indemnitee hereunder. The Company
shall indemnify Indemnitee against any and all Expenses and, if requested by Indemnitee, shall timely advance, to the extent permitted
by law, such expenses to Indemnitee, which are incurred by Indemnitee in connection with any action brought by Indemnitee for indemnification
or advance of Expenses from the Company under this Agreement or under any directors’ and officers’ liability insurance policies
maintained by the Company, regardless of whether Indemnitee ultimately is determined to be entitled to such indemnification, advancement
of Expenses or insurance recovery, as the case may be.

 

(f)        Final
Disposition. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement to indemnification under
this Agreement shall be required to be made prior to the final disposition of the Proceeding.

 

8.           Non-Exclusivity;
Survival of Rights; Insurance; Primacy of Indemnification; Subrogation.

 

(a)            Non-Exclusive
Rights. The rights of indemnification and to receive advancement of expenses as provided by this Agreement shall not be deemed exclusive
of any other rights to which Indemnitee may at any time be entitled under applicable law, the Organizational Documents, any agreement,
a vote of stockholders, a resolution of directors or otherwise, of the Company. No amendment, alteration or repeal of this Agreement
or of any provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any action taken or omitted
by such Indemnitee in such person’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change
in the DGCL, whether by statute or judicial decision, permits greater indemnification than would be afforded currently under the Organizational
Documents and this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater benefits
so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other
right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at
law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
assertion or employment of any other right or remedy.

 

(b)        D&O
Liability Insurance. The Company shall obtain and maintain in effect during the entire period for which the Company is obligated
to indemnify Indemnitee under this Agreement, one or more policies of insurance (“D&O Liability Insurance”) with
one or more reputable insurance companies to provide the directors and officers of the Company with standard coverage to ensure the Company’s
performance of its indemnification obligations under this Agreement. 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 such director or officer under such policy or policies.
In all such insurance policies, Indemnitee shall be named as an insured in such a manner as to provide Indemnitee with the same rights
and benefits as are accorded to the most favorably insured of the Company’s directors and officers. At the time of the receipt
of a notice of a claim pursuant to the terms hereof, the Company shall give prompt notice of the commencement of such proceeding to the
insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable
action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such proceeding in accordance with
the terms of such policies. Upon request by Indemnitee, the Company shall provide copies of all policies of D&O Liability Insurance
obtained and maintained in accordance with the foregoing. The Company shall promptly notify Indemnitee of any changes in such insurance
coverage.

 

    

     

    

 

(c)        Subrogation. In the event of any payment 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 take all action necessary to secure such rights,
including execution of such documents as are necessary to enable the Company to bring suit to enforce such rights.

 

(d)       Double
Recovery. The Company shall not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if
and to the extent that Indemnitee has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

(e)        Sources
of Recovery. The Company’s obligation to indemnify or advance Expenses hereunder to Indemnitee who is or was serving at the
request of the Company as a director, officer, employee or agent of any other corporation, partnership, joint venture, trust, employee
benefit plan or other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or advancement of
expenses from such other corporation, partnership, joint venture, trust, employee benefit plan or other enterprise.

 

(f)        Third-Party
Indemnification. The Company hereby acknowledges that Indemnitee has or may from time to time obtain certain rights to indemnification,
advancement of expenses and/or insurance provided by one or more third parties (collectively, the “Third-Party Indemnitors”).
The Company hereby agrees that it is the indemnitor of first resort (i.e., its obligations to Indemnitee are primary and any obligation
of the Third-Party Indemnitors to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee
are secondary), and that the Company will not assert that the Indemnitee must seek expense advancement or reimbursement, or indemnification,
from any Third-Party Indemnitor before the Company must perform its expense advancement and reimbursement, and indemnification obligations,
under this Agreement. No advancement or payment by the Third- Party Indemnitors on behalf of Indemnitee with respect to any claim for
which Indemnitee has sought indemnification from the Company shall affect the foregoing. The Third-Party Indemnitors shall be subrogated
to the extent of such advancement or payment to all of the rights of recovery which Indemnitee would have had against the Company if
the Third-Party Indemnitors had not advanced or paid any amount to or on behalf of Indemnitee. If for any reason a court of competent
jurisdiction determines that the Third-Party Indemnitors are not entitled to the subrogation rights described in the preceding sentence,
the Third-Party Indemnitors shall have a right of contribution by the Company to the Third-Party Indemnitors with respect to any advance
or payment by the Third-Party Indemnitors to or on behalf of the Indemnitee.

 

    

     

    

 

9.           Exception
to Right of Indemnification. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement
to make any indemnity in connection with any claim made against Indemnitee:

 

(a)       for which payment has actually been made to or on behalf of Indemnitee under any insurance policy or other indemnity provision,
except with respect to any excess beyond the amount paid under any insurance policy or other indemnity provision or any amount received
that is required to be repaid;

 

(b)       for an accounting of profits made from the purchase and sale (or sale and purchase) by Indemnitee of securities of the Company
within the meaning of Section 16(b) of the Exchange Act or similar provisions of state statutory law or common law;

 

(c)       for reimbursement to the Company of any bonus or other incentive- based or equity-based compensation or of any profits realized
by Indemnitee from the sale of securities of the Company in each case as required under the Exchange Act; or

 

(d)       in connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part
of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless

(i) the Company has joined in or the
Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation, (ii) the Company provides the indemnification,
in its sole discretion, pursuant to the powers vested in the Company under applicable law, or (iii) the Proceeding is one to enforce Indemnitee’s
rights under this Agreement.

 

10.         Non-Disclosure
of Payments. Except as expressly required by the securities laws of the United States of America, neither party shall disclose any
payments under this Agreement unless prior approval of the other party is obtained. If any payment information must be disclosed, the
Company shall afford the Indemnitee an opportunity to review all such disclosures and, if requested, to explain in such statement any
mitigating circumstances regarding the events to be reported.

 

11.         Duration
of Agreement. All agreements and obligations of the Company contained herein shall continue upon the later of (a) ten (10) years
after the date that Indemnitee shall have ceased to serve as a director of the Company or a director, officer, trustee, partner,
managing member, fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or
other Enterprise which Indemnitee served at the request of the Company; or (b) one (1) year after the final termination of any
Proceeding (including any rights of appeal thereto) in respect of which Indemnitee is granted rights of indemnification or
advancement of Expenses hereunder and of any Proceeding commenced by Indemnitee pursuant to Section 7 of this Agreement
relating thereto (including any rights of appeal of any Section 7 Proceeding). This Agreement shall be binding upon and inure
to the benefit of and be enforceable by the parties hereto and their respective successors (including any direct or indirect
successor by purchase, merger, consolidation or otherwise to all or substantially all of the business or assets of the Company),
assigns, spouses, heirs, executors and personal and legal representatives.

 

    

     

    

 

12.          Security.
To the extent requested by Indemnitee and approved by the Board, the Company may at any time and from time to time provide security to
Indemnitee for the Company’s obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral.
Any such security, once provided to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

 

13.         Defense of Claims. The Company will be entitled to participate in the Proceeding at its own expense. The Company shall not
settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment, fine, penalty or limitation on
Indemnitee without Indemnitee’s prior written consent, such consent not to be unreasonably withheld. Indemnitee shall not settle
any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment, fine, penalty or limitation on the Company
without the Company’s prior written consent, such consent not to be unreasonably withheld.

 

		14.	Definitions. For purposes of this Agreement:

 

(a)         
“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Exchange Act; provided,
however, that Beneficial Owner shall exclude any Person otherwise becoming a Beneficial Owner by reason of the stockholders of
the Company approving a merger of the Company with another entity.

 

(b)        
“Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement of
any of the following events:

 

(i)   
Acquisition of Stock by Third Party. Any Person (excluding any Person who, as of the closing date of the Company’s
initial public offering of its Class A Common Stock pursuant to a registration statement on Form S-1 filed with and declared effective
by the Securities Exchange Commission, who was at that date the record or beneficial owner of shares of the Company’s Class B Common
Stock and any group consisting solely of such Persons) is or becomes the Beneficial Owner, directly or indirectly, of securities of the
Company representing twenty percent (20%) or more of the combined voting power of the Company’s then outstanding securities;

 

(ii)       Change
in Board. During any period of two (2) consecutive years (not including any period prior to the execution of this Agreement),
individuals who at the beginning of such period constitute the Board, and any new director (other than a director designated by a
person who has entered into an agreement with the Company to effect a transaction described in Section 14(b)(i), 14(b)(iii) or 14(b)(iv))
whose election by the Board or nomination for election by the Company’s stockholders was approved by a vote of at least
two-thirds of the directors then still in office who either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to constitute a least a majority of the members of the
Board; provided, however, that the Sunset (as defined in the Certificate of Incorporation) shall not be deemed a
Change in the Board for purposes of this Section 14(b)(ii);

 

    

     

    

 

(iii)      
Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than
a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than
51% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation
and with the power to elect at least a majority of the board of directors or other governing body of such surviving entity;

 

(iv)   
Asset Sale. The sale or disposition of all or substantially all the assets of the Company in a transaction or series
of related transactions; and

 

(v)    
Liquidation. The approval by the stockholders of the Company of a complete liquidation of the Company or an agreement
or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, or, if such
approval is not required, the decision by the Board to proceed with such a liquidation, sale, or disposition in one transaction or a series
of related transactions.

 

(c)           
“Corporate Status” describes the status of an individual who is or was or has agreed to become a director or
officer of the Company or while a director or officer of the Company who is serving, was serving, or has agreed to serve at the request
of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of any other Enterprise.

 

(d)           
“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.

 

(e)           
“Enterprise” means the Company and any other corporation, constituent corporation (including any constituent
of a constituent) absorbed in a consolidation or merger to which the Company (or any of their wholly owned subsidiaries) is a party, limited
liability company, partnership, joint venture, trust, employee benefit plan or other enterprise, of which Indemnitee is or was serving
at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent.

 

		(f)	“Exchange Act” means the Securities Exchange Act of 1934, as amended.

 

(g)
          “Expenses” includes all direct and indirect costs, fees and
expenses of any type or nature whatsoever, including, without limitation, all attorneys’ fees and costs, retainers, court
costs, transcript costs, fees of experts, witness fees, travel expenses, fees of private investigators and professional advisors,
duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges,
secretarial services, any federal, state, local or foreign taxes imposed on Indemnitee as a result of the actual or deemed receipt
of any payments under this Agreement, ERISA excise taxes and penalties, and all other disbursements, obligations or expenses in
connection with prosecuting, defending, preparing to prosecute or defend, investigating, being or preparing to be a witness in,
settlement or appeal of, or otherwise participating in, a Proceeding, including, without limitation, reasonable compensation for
time spent by the Indemnitee for which he or she is not otherwise compensated by the Company or any third party. Expenses also shall
include Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the principal,
premium, security for, and other costs relating to any cost bond, supersedes bond, or other appeal bond or its equivalent.

 

    

     

    

 

(h)        “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation
law and neither presently 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 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.

 

(i)        “Person”
shall have the meaning as set forth in Sections 13(d) and 14(d) of the Exchange Act; provided, however, that Person
shall exclude (i) the Company, (ii) any trustee or other fiduciary holding securities under an employee benefit plan of the Company,
and (iii) any corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as
their ownership of stock of the Company.

 

(j)        “Proceeding” includes any threatened, pending or completed action, derivative action, claim, counterclaim, cross
claim, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other
actual, threatened or completed proceeding, whether brought by or in the right of the Company or otherwise and whether of a civil (including
intentional or unintentional tort claims), criminal, administrative or investigative (formal or informal) nature, including appeal therefrom,
or any inquiry or investigation that Indemnitee in good faith believes might lead to the institution of any such action, suit or other
proceeding hereinabove listed in which Indemnitee was, is, will or might be involved as a party, potential party, non-party witness or
otherwise by reason of the fact of Indemnitee’s Corporate Status, by reason of any action (or failure to act) taken by him or her
or of any action (or failure to act) on his or her part while acting pursuant to his or her Corporate Status, whether or not serving in
such capacity at the time any liability or expense is incurred for which indemnification, reimbursement, or advancement of expenses can
be provided under this Agreement. If the Indemnitee believes in good faith that a given situation may lead to or culminate in the institution
of a Proceeding, this shall be considered a Proceeding under this Agreement.

 

    

     

    

 

15.         Severability.
If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever:
(a) the validity, legality, and enforceability of the remaining provisions of this Agreement (including, without limitation, each
portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or
unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby and shall
remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the fullest
extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the
fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or
sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid,
illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. Without limiting the generality
of the foregoing, this Agreement is intended to confer upon Indemnitee indemnification rights to the fullest extent permitted by
applicable law.

 

		16.	Enforcement and Binding Effect.

 

(a)       Reliance.
The Company expressly confirms and agrees that it has entered into this Agreement and assumed the obligations imposed on it hereby in
order to induce Indemnitee to serve as a director or officer of the Company, and the Company acknowledges that Indemnitee is relying
upon this Agreement in serving in such capacity.

 

(b)       Entire
Agreement. Without limiting any of the rights of Indemnitee under the Organizational Documents of the Company as they may be amended
from time to time, this Agreement constitutes the entire agreement between the parties hereto with respect to the subject matter hereof
and supersedes all prior agreements and understandings, oral, written and implied, between the parties hereto with respect to the subject
matter hereof.

 

(c)       Binding
Agreement. The indemnification and advancement of expenses provided by, or granted pursuant to this Agreement shall be binding upon
and be enforceable by the parties hereto and their respective successors and assigns (including any direct or indirect successor by purchase,
merger, consolidation or otherwise to all or substantially all of the business or assets of the Company), shall continue as to an Indemnitee
who has ceased to be a director, officer, employee or agent of the Company or of any other Enterprise at the Company’s request,
and shall inure to the benefit of Indemnitee and such person’s spouse, assigns, heirs, devisees, executors and administrators and
other legal representatives.

 

(d)       Successors.
The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all,
substantially all or a substantial part, of the business and/or assets of the Company to expressly to assume and agree to perform this
Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place.

 

(e)       Specific
Performance. The Company and Indemnitee agree herein that a monetary remedy for breach of this Agreement, at some later date, may
be inadequate, impracticable and difficult of proof, and further agree that such breach may cause Indemnitee irreparable harm. Accordingly,
the parties hereto agree that Indemnitee may enforce this Agreement by seeking injunctive relief and/or specific performance hereof,
without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance,
Indemnitee shall not be precluded from seeking or obtaining any other relief to which he or she may be entitled. The Company and Indemnitee
further agree that Indemnitee shall be entitled to such specific performance and injunctive relief, including temporary restraining orders,
preliminary injunctions and permanent injunctions, without the necessity of posting bonds or other undertaking in connection therewith.
The Company acknowledges that in the absence of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company
hereby waives any such requirement of such a bond or undertaking.

 

    

     

    

 

17.          Modification
and Waiver. No supplement, modification, termination or amendment of this Agreement shall be binding unless executed in writing by
both of the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute a waiver of any
other provisions hereof (whether or not similar) nor shall such waiver constitute a continuing waiver.

 

18.         Notice
By Indemnitee. Indemnitee agrees promptly to notify the Company in writing upon being served with or otherwise receiving any summons,
citation, subpoena, complaint, indictment, information or other document relating to any Proceeding or matter which may be subject to
indemnification covered hereunder. The failure to so notify the Company shall not relieve the Company of any obligation which it may
have to Indemnitee under this Agreement or otherwise.

 

19.         Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given:
(a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail or facsimile if sent during normal
business hours of the recipient, and if not so confirmed, then on the next business day, (c) five (5) days after having been sent by
registered or certified mail, return receipt requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized
overnight courier, specifying next day delivery, with written verification of receipt. All communications shall be sent:

 

		(a)	To Indemnitee at the address set forth below Indemnitee signature hereto.

 

		(b)	To the Company at:

 

605 5th Ave S. Suite 400

Seattle, WA 98104

Attn: Kjelti Kellough

Email: kjelti.kellough@gettyimages.com

 

or to such other address as may have been furnished to Indemnitee
by the Company or to the Company by Indemnitee, as the case may be.

 

20.         Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same Agreement. This Agreement may also be executed and delivered by facsimile signature and in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

    

     

    

 

21.          Headings. The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to
constitute part of this Agreement or to affect the construction thereof.

 

22.          Usage of Pronouns. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.

 

23.          Governing Law and Consent to Jurisdiction. This Agreement and the legal relations among the parties shall be governed by,
and construed and enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. The Company
and Indemnitee hereby irrevocably and unconditionally (a) agree that any action or proceeding arising out of or in connection with this
Agreement shall be brought only in the Chancery Court of the State of Delaware (the “Delaware Court”), and not in any
other state or federal court in the United States of America or any court in any other country, (b) generally and unconditionally consent
to submit to the exclusive jurisdiction of the Delaware Court for purposes of any action or proceeding arising out of or in connection
with this Agreement, (c) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court, and (d) waive,
and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court has been brought in an improper
or inconvenient forum. The foregoing consent to jurisdiction shall not constitute general consent to service of process in the state for
any purpose except as provided above, and shall not be deemed to confer rights on any person other than the parties to this Agreement.

 

[Signature Page Follows]

 

    

     

    

 

The parties have executed this Agreement as of the date first
set forth above.

 

	 	GETTY IMAGES HOLDINGS, INC.
	 	 
	 	By:	               
	 	Name:
	 	Title:

 

    

     

    

 

The parties have executed this Agreement as of the date first
set forth above.

 

	 	INDEMNITEE
	 	 
	 	Name:	              
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	 
	 	Email:Exhibit 10.10

 

THE GETTY IMAGES HOLDINGS, INC.

 

EARN OUT PLAN

 

1.            Purposes
of the Plan; Award Types.

 

1.1            Purposes
of the Plan. The purposes of the Plan are to attract and retain personnel for positions with the Company Group, to provide an additional
incentive to Service Providers chosen to participate in the Plan and to promote the success of the Company’s business.

 

1.2            Award
Types. The Plan permits the grant of Restricted Stock Units to any Service Provider.

 

2.            Definitions.
The following definitions are used in the Plan:

 

2.1            “Acceleration
Event” has the meaning set forth in the Business Combination Agreement.

 

2.2            “Administrator”
has the meaning set forth in Section 4.1.

 

2.3            “Applicable
Laws” means the legal and regulatory requirements relating to the administration of equity-based awards, including the related
issuance of Shares under U.S. federal and state corporate laws, United States (“U.S.”) federal and state securities
laws, the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and, only to the extent applicable
with respect to an Award or Awards, the tax, securities, exchange control and other laws of any jurisdictions other than the United States
where Awards are, or will be, granted under the Plan. Reference to a section of an Applicable Law or regulation related to that section
shall include such section or regulation, any valid regulation issued under such section and any comparable provision of any future legislation
or regulation amending, supplementing or superseding such section or regulation.

 

2.4            “Award”
means, individually or collectively, a grant under the Plan of Restricted Stock Units.

 

2.5            “Award
Agreement” means the written or electronic agreement setting forth the terms applicable to an Award granted under the Plan.
The Award Agreement is subject to the terms of the Plan.

 

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

 

2.7            “Business
Combination Agreement” means the Business Combination Agreement, dated December 9, 2021 (as may be amended, restated,
amended and restated, supplemented or otherwise modified from time to time) by and among CC Neuberger Principal Holdings II, a Cayman
Islands exempted company, Vector Holding, LLC, a Delaware limited liability company, Griffey Global Holdings, Inc., a Delaware corporation,
Griffey Investors, L.P., a Delaware limited liability company, and certain other parties thereto.

 

     

     

    

 

2.8            “Business
Day” means a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to close.

 

2.9            “Change
of Control” has the meaning set forth in the Business Combination Agreement.

 

2.10            “Closing”
has the meaning set forth in the Business Combination Agreement.

 

2.11            “Closing
Date” has the meaning set forth in the Business Combination Agreement.

 

2.12            “Code”
means the U.S. Internal Revenue Code of 1986, as amended.

 

2.13            “Committee”
means a committee of Directors appointed by the Board.

 

2.14            “Common
Stock” means the Class A Company common stock, par value $0.0001 per share (and any shares or other securities into which
such Common Stock may be converted or into which it may be exchanged).

 

2.15            “Company”
means Getty Images Holdings, Inc. (f/k/a Vector Holding, LLC), a corporation organized and existing under the laws of the State
of Delaware, or any successor thereto.

 

2.16            “Company
Group” means the Company and its Subsidiaries.

 

2.17            “Consultant”
means any natural person engaged by a member of the Company Group to render bona fide services to such entity, provided the services
(a) are not in connection with the offer or sale of securities in a capital raising transaction, and (b) do not directly promote
or maintain a market for the Company’s securities. A Consultant must be a person to whom the issuance of Shares registered on Form S-8
under the Securities Act is permitted.

 

2.18            “Director”
means a member of the Board.

 

2.19            “Earn-Out
Period” has the same meaning as under the Business Combination Agreement, which, as of the Effective Date, means the period
from the Closing Date through and including the date that is ten (10) years following the Closing Date.

 

2.20            “Earn-Out
Shares” has the meaning set forth in the Business Combination Agreement.

 

2.21            “Effective
Date” has the meaning in Section 12.

 

2.22            “Employee”
means any person providing services as an employee to the Company or any member of the Company Group. Neither service as a Director nor
payment of a director’s fee by the Company will constitute “employment” by the Company.

 

     

     

    

 

2.23            “First
Price Triggering Event” has the same meaning as under the Business Combination Agreement, which, as of the Effective Date,
means the first date on which the VWAP of the Shares is greater than or equal to $12.50 for a period of at least twenty (20) days out
of thirty (30) consecutive Trading Days.

 

2.24            “Grant
Date” has the meaning set forth in Section 4.3.

 

2.25            “Parent”
means a “parent corporation,” whether now or hereafter existing, as defined in Code Section 424(e).

 

2.26            “Participant”
means the holder of an outstanding Award.

 

2.27            “Plan”
means this Getty Images Holdings, Inc. Earn Out Plan, as may be amended from time to time.

 

2.28            “Plan
Allocable Amount” has the meaning set forth in the Business Combination Agreement, which is six million (6,000,000) Shares.

 

2.29            “Restricted
Stock Unit” means a bookkeeping entry representing an amount equal to a share of Common Stock granted under Section 6.
Each Restricted Stock Unit represents an unfunded and unsecured obligation of the Company.

 

2.30            “Second
Price Triggering Event” has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means
the first date on which the VWAP of the Shares is greater than or equal to $15.00 for a period of at least twenty (20) days out of thirty
(30) consecutive Trading Days.

 

2.31            “Securities
Act” means the U.S. Securities Act of 1933, as amended.

 

2.32            “Service
Provider” means an Employee, Director or Consultant.

 

2.33            “Share”
means a share of the Common Stock.

 

2.34            “Stockholder
Allocable Amount” has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means fifty-nine
million (59,000,000) Shares.

 

2.35            “Subsidiary”
means a “subsidiary corporation,” as defined in Code Section 424(f), in relation to the Company.

 

2.36            “Tax
Withholdings” means any federal, state, provincial and local taxes, domestic or foreign, required by law or regulation to be
withheld by the Company in connection with the grant, vesting or settlement of an Award or sale of Shares issued under the Award.

 

2.37            “Third
Price Triggering Event” has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means
the first date on which the VWAP of the Shares is greater than or equal to $17.50 for a period of at least twenty (20) days out of thirty
(30) consecutive Trading Days.

 

     

     

    

 

2.38            “Trading
Day” has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means any day on which
the Shares are actually traded on the Trading Market.

 

2.39            “Trading
Market” has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means the stock exchange
or such other nationally recognized stock market on which the Shares are trading at the time of determination.

 

2.40            “Triggering
Event” means, either, (a) the First Price Triggering Event, (b) the Second Price Triggering Event or (c)  the
Third Price Triggering Event.

 

2.41            “VWAP”
has the meaning set forth in the Business Combination Agreement, which, as of the Effective Date, means, with respect to any security,
for each Trading Day, the daily volume weighted average price (based on such Trading Day) of such security on the Trading Market as reported
by Bloomberg Financial L.P. using the AQR function.

 

3.            Shares
Subject to the Plan.

 

3.1            Allocation
of Shares to Plan. Subject to adjustment as provided in Section 8, the Plan Allocable Amount will be reserved for issuance subject
to Awards under the Plan. The Shares may be authorized but unissued Common Stock or Common Stock issued and then reacquired by the Company.
Shares subject to Awards that are forfeited will be cancelled and will not become available for future issuance under the Plan.

 

3.2            Share
Reserve. At all times during the term of the Plan and until the Restricted Stock Units have settled, expired or been forfeited, the
Company shall reserve and keep available for issuance a sufficient number of Shares to permit the Company to satisfy its obligations
under the Plan and shall take all actions required to increase the authorized number of Shares if at any time there shall be insufficient
authorized unissued shares to permit such reservation.

 

4.            Administration
of the Plan.

 

4.1            Procedure.
The Plan will be administered by the Board or a Committee (the “Administrator”). Different Administrators may administer
the Plan with respect to different groups of Participants. The Board may retain the authority to concurrently administer the Plan with
the Administrator and may revoke the delegation of some or all authority previously delegated.

 

     

     

    

 

4.2            Powers
of the Administrator. Subject to the terms of the Plan, any limitations on delegations specified by the Board, and any requirements
imposed by Applicable Laws, the Administrator will have the authority, in its sole discretion, to make any determinations and perform
any actions deemed necessary or advisable to administer the Plan including:

 

(a)            to
determine the fair market value;

 

(b)            to
approve forms of Award Agreements for use under the Plan;

 

(c)            to
select the Service Providers to whom Awards may be granted and grant Awards to such Service Providers;

 

(d)            to
determine the number of Shares to be covered by each Award granted;

 

(e)            to
determine the terms and conditions, consistent with the Plan, of any Award granted, which terms and conditions may include any vesting
acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any Award or the Shares relating to an
Award; provided that under no circumstance may the number of Shares subject to Awards that vest or otherwise become issuable to Participants
exceed the number of Shares that become available for issuance under Section 3.1; provided, further, that a Triggering Event may
not be waived or accelerated by the Administrator;

 

(f)            to
construe and interpret the Plan and make any decisions necessary to administer the Plan;

 

(g)            to
establish, amend and rescind rules and regulations and adopt sub-plans relating to the Plan, including rules, regulations and sub-plans
for the purposes of facilitating compliance with applicable non-U.S. laws, easing the administration of the Plan and/or obtaining tax-favorable
treatment for Awards granted to Service Providers located outside the U.S., in each case as the Administrator may deem necessary or advisable;

 

(h)            to
interpret, modify or amend each Award (subject to Section 13);

 

(i)            to
allow Participants to satisfy tax withholding obligations in any manner permitted by Section 10;

 

(j)            to
delegate ministerial duties to any of Employees;

 

(k)            to
authorize any person to take any steps and execute, on behalf of the Company, any documents required for an Award previously granted
by the Administrator to be effective;

 

(l)            to
determine whether a Triggering Event has occurred, which in each case shall be if and when a Triggering Event has occurred with respect
to the Earn-Out Shares under Section 3.9 of the Business Combination Agreement; and

 

(m)            to
make any determinations necessary or appropriate under Section 8;

 

provided, however, if and
to the extent the Administrator is required to make a determination under the Plan that is similarly applicable to the Stockholder Allocable
Amount under the Business Combination Agreement, then such Administrator determination for purposes of the Plan shall be consistent with
the determination made in respect of the Stockholder Allocable Amount under the Business Combination Agreement.

 

     

     

    

 

4.3            Grant
Date. The grant date of an Award (“Grant Date”) will be the date that the Administrator makes the determination
granting such Award, or may be a later date if such later date is designated by the Administrator on the date of the determination. Notice
of the determination will be provided to each Participant within a reasonable time after the Grant Date.

 

4.4            Electronic
Delivery. The Company may deliver by e-mail or other electronic means (including posting on a website maintained by the Company or
by a third party under contract with the Company or another member of the Company Group) all documents relating to the Plan or any
Award and all other documents that the Company is required to deliver to its security holders (including prospectuses, annual reports
and proxy statements).

 

4.5            Governing
Law; Waiver of Jury Trial; Jurisdiction. The
law of the State of Delaware shall govern (a) all claims or matters related to or arising from the Plan (including any tort or non-contractual
claims) and (b) any questions concerning the construction, interpretation, validity and enforceability hereof, and the performance
of the obligations imposed by the Plan, in each case, without giving effect to any choice-of-law or conflict-of-law rules or provisions
(whether of the State of Delaware or any other jurisdiction) that would cause the application of the law of any jurisdiction other than
the State of Delaware. BY ACCEPTANCE OF AN AWARD, EACH PARTICIPANT IN THE PLAN HEREBY IRREVOCABLY WAIVES ALL RIGHTS TO TRIAL BY JURY
IN ANY PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE BETWEEN OR AMONG ANY PARTIES (WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE) ARISING
OUT OF, CONNECTED WITH OR RELATED OR INCIDENTAL TO THE PLAN AND/OR THE RELATIONSHIPS ESTABLISHED AMONG ANY PARTIES UNDER THE PLAN OR
ANY RELATED AWARD AGREEMENT. Each of the parties (i) submits to the exclusive jurisdiction and venue of first, the Chancery Court
of the State of Delaware, or, if such court declines jurisdiction, then to the Federal District Court for the District of Delaware, in
any proceeding arising out of or relating to the Plan or any agreement made thereunder, (ii) agrees that all claims in respect of
the proceeding shall be heard and determined in any such court and (ii) agrees not to bring any proceeding arising out of or relating
to the Plan or any related agreement in any other courts. Nothing in this Section 4.5, however, shall affect the right of any party
to serve legal process in any other manner permitted by law or at equity. Each party agrees that a final judgment in any proceeding so
brought shall be conclusive and may be enforced by suit on the judgment or in any other manner provided by law or at equity. Notwithstanding
the foregoing in this Section 4.5, a party may commence any proceeding in a court other than the above-named courts solely for the
purpose of enforcing an order or judgment issued by one of the above-named courts. Each party further waives any claim and will not assert
that venue should properly lie in any other location within the selected jurisdiction.

 

4.6            Effect
of Administrator’s Decision. The Administrator’s decisions, determinations and interpretations will be final and binding
on all Participants and any other holders of Awards.

 

     

     

    

 

5.            Eligibility.
Awards may be granted to Service Providers.

 

6.            Restricted
Stock Units.

 

6.1            Restricted
Stock Unit Award Agreement. Each Award of Restricted Stock Units will be evidenced by an Award Agreement that will specify the number
of Restricted Stock Units subject to the Award and such other terms and conditions as the Administrator determines consistent with the
Plan.

 

6.2            Vesting
Criteria and Other Terms. Subject to Section 6.3:

 

(a)            One-third
(1⁄3) of the Restricted Stock Units granted to a Participant shall vest upon the First Price Triggering Event.

 

(b)            An
additional one-third (1⁄3) of the Restricted Stock Units granted to a Participant shall vest upon the Second Price Triggering Event.

 

(c)            The
final one-third (1⁄3) of the Restricted Stock Units granted to a Participant shall vest upon the Third Price Triggering Event.

 

(d)            Each
Triggering Event shall occur only once, if at all, and in no event shall Participants (in the aggregate) be entitled to receive more
than the total number of Shares in the Plan Allocable Amount, less Shares subject to Awards that are forfeited.

 

(e)            If
specified in the applicable Award Agreement, any Shares issuable to a Participant in settlement of vested Restricted Stock Units, shall
be issued to such Participant only if such Participant continues to provide services (whether as an Employee, Director or Consultant)
to the Company or one of its Subsidiaries through the applicable Triggering Event, or such other date specified in the Award Agreement.

 

(f)            In
the event any portion of the Restricted Stock Units have not vested prior to the end of the Earn-Out Period, then such unvested Restricted
Stock Units shall be cancelled and forfeited for no consideration.

 

6.3            Acceleration
Event. If an Acceleration Event has occurred for purposes of Section 3.9(d) of the Business Combination Agreement, then
immediately prior to the consummation of the Change of Control with respect to such Acceleration Event, (a) the applicable Triggering
Event to the extent it had not previously occurred shall be deemed to have occurred and (b) the Company shall issue the Shares to
the Participants pursuant to their applicable Restricted Stock Units, and the Participants shall be eligible to participate in such Change
of Control in respect of such Common Stock.

 

6.4            Settlement.
Within thirty (30) days after the occurrence of any Triggering Event (or earlier as provided upon an Acceleration Event, as applicable),
the Company shall deliver Shares to each Participant holding vested Restricted Stock Units.

 

7.            Leave
of Absence/Transfer between Locations. A Participant will not cease to be a Service Provider in the case of (a) any leave of
absence approved by the Company or (b) transfers between locations of the Company (or member of the Company Group) or between the
Company or any member of the Company Group.

 

     

     

    

 

8.            Adjustments;
Dissolution or Liquidation.

 

8.1            Adjustments.
If there are any stock splits, reverse stock splits, stock dividends, reorganizations, recapitalizations, reclassifications, combinations,
exchanges of shares or any other like change or transaction with respect to the Shares after the Closing, the number and class of shares
that may be delivered under the Plan and/or the number, class and price of Shares covered by each outstanding Award and/or any other
affected term, shall be adjusted in the same manner and to the same extent with respect to the Stockholder Allocable Amount under the
provisions of Section 3.9 of the Business Combination Agreement.

 

8.2            Dissolution
or Liquidation. In the event of the proposed dissolution or liquidation of the Company, the Administrator will notify each Participant,
at such time prior to the effective date of such proposed transaction as the Administrator determines. An Award will terminate immediately
prior to the consummation of such proposed action.

 

9.            Change
of Control.

 

9.1            Administrator
Discretion. If a Change of Control occurs, each outstanding Award will be treated as the Administrator determines (in its sole discretion,
subject to the provisions of the Plan), without a Participant’s consent, including that such Award be continued by the successor
corporation or a Parent or Subsidiary of the successor corporation (or an affiliate thereof), substituted with an economically equivalent
award, cancelled with respect to all or any portion of such Awards with consideration (which may be in the form of cash, Common Stock,
other property or any combination thereof) or without consideration, or that the Participant’s service requirement under Section 6.2(e) applicable
to any such Awards may be waived automatically upon a Change of Control.

 

9.2            Identical
Treatment Not Required. The Administrator need not take the same action or actions with respect to all Awards (or portions thereof)
or with respect to all Participants.

 

10.            Tax
Matters.

 

10.1            Withholding
Requirements. Prior to the delivery of any Shares or cash under an Award or such earlier time as any Tax Withholding are due, the
Company may deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy any Tax Withholding
with respect to such Award or Shares subject to an Award.

 

10.2            Withholding
Arrangements. The Administrator, in its sole discretion and under such procedures as it may specify from time to time, may elect
to satisfy such Tax Withholding, in whole or in part (including in combination) by (without limitation) (a) requiring the Participant
to pay cash, check or other cash equivalents, (b) withholding otherwise deliverable cash (including cash from the sale of Shares
issued to the Participant) or Shares having a fair market value equal to the amount required to be withheld or such greater amount
(including up to a maximum statutory amount) as the Administrator may determine or permit if such amount does not result in unfavorable
financial accounting treatment, as the Administrator determines in its sole discretion, (c) forcing the sale of Shares issued pursuant
to an Award having a fair market value equal to the minimum statutory amount applicable in a Participant’s jurisdiction or a greater
amount as the Administrator may determine or permit if such greater amount would not result in unfavorable financial accounting treatment,
as the Administrator determines in its sole discretion, (d) requiring the Participant to deliver to the Company already-owned Shares
having a fair market value equal to the minimum statutory amount required to be withheld or a greater amount as the Administrator may
determine or permit if such greater amount would not result in unfavorable financial accounting treatment, as the Administrator determines
in its sole discretion, or (e) such other consideration and method of payment for the meeting of Tax Withholding as the Administrator
may determine to the extent permitted by Applicable Laws, provided that, in all instances, the satisfaction of the Tax Withholding will
not result in any adverse accounting consequence to the Company, as the Administrator may determine in its sole discretion. The fair
market value of the Shares to be withheld or delivered will be determined as of the date the amount of tax to be withheld is calculated
or such other date as Administrator determines is applicable or appropriate with respect to the Tax Withholding calculation.

 

     

     

    

 

10.3            Compliance
with Code Section 409A. To the extent applicable, it is intended that the Plan and all Awards hereunder comply with, or be exempt
from, the requirements of Section 409A of the Code and the Treasury Regulations and other guidance issued thereunder, and that the
Plan and all Award Agreements shall be interpreted and applied by the Administrator in a manner consistent with this intent in order
to avoid the imposition of any additional tax under Section 409A of the Code. In the event that any (a) provision of the Plan
or an Award Agreement, (b) Award, payment or transaction or (c) other action or arrangement contemplated by the provisions
of the Plan is determined by the Administrator to not comply with the applicable requirements of Section 409A of the Code and the
Treasury Regulations and other guidance issued thereunder, the Administrator shall have the authority to take such actions and to make
such changes to the Plan or an Award Agreement as the Administrator deems necessary to comply with such requirements. No payment that
constitutes “nonqualified deferred compensation” (within the meaning of Section 409A of the Code) that would otherwise
be made under the Plan or an Award Agreement upon a termination of employment or service will be made or provided unless and until such
termination is also a “separation from service,” (within the meaning of Section 409A of the Code) as determined in accordance
with Section 409A of the Code. Notwithstanding the foregoing or anything elsewhere in the Plan or an Award Agreement to the contrary,
if a Participant is a “specified employee” (as defined in Section 409A of the Code) at the time of termination of employment
service with respect to an Award, then solely to the extent necessary to avoid the imposition of any additional tax under Section 409A
of the Code, the commencement of any payments or benefits under the Award shall be deferred until the date that is six (6) months
plus one (1) day following the date of the Participant’s termination of employment or service or, if earlier, the Participant’s
death (or such other period as required to comply with Section 409A). For purposes of Section 409A of the Code, a Participant’s
right to receive any installment payments pursuant to the Plan or any Award granted hereunder shall be treated as a right to receive
a series of separate and distinct payments. Each applicable tranche of Common Stock subject to vesting under any Award shall be considered
a right to receive a series of separate and distinct payments. Whenever a payment under the Plan or an Award Agreement specifies a payment
period with reference to a number of days, the actual date of payment within the specified period is within the sole discretion of the
Administrator. In no event whatsoever shall the Company be liable for any additional tax, interest or penalties that may be imposed on
a Participant by Section 409A of the Code or any damages for failing to comply with Section 409A of the Code.

 

     

     

    

 

11.            Other
Terms.

 

11.1            Status
of Plan. The Administrator may authorize the creation of trusts or other arrangements to meet the Company’s obligations to
deliver Shares or make payments with respect to Awards.

 

11.2            No
Right to Employment or Continued Service. Nothing in the Plan, in the grant of any Award or in any Award Agreement shall confer upon
any Participant any right to continue in the employment or service of the Company or any of its Subsidiaries or interfere in any way
with the right of the Company or any of its Subsidiaries to terminate the employment or other service relationship of a Participant for
any reason or no reason at any time.

 

11.3            Interpretation
and Rules of Construction. The words “include,” “includes” and “including” when used herein
shall be deemed in each case to be followed by the words “without limitation.”

 

11.4            No
Assignment or Transfer; Beneficiaries. Except as otherwise provided by the Administrator to the extent not prohibited under Section A.1.(5) of
the general instructions of Form S-8, as may be amended from time to time, Awards under the Plan shall not be assignable or transferable
by the Participant, and shall not be subject in any manner to assignment, alienation, pledge, encumbrance or charge. Notwithstanding
the foregoing, in the event of the death of a Participant, except as otherwise provided by the Administrator, an outstanding Award shall
become payable to the Participant’s beneficiary as determined under the Company 401(k) retirement plan or other applicable
retirement or pension plan. In lieu of such determination, a Participant may, from time to time, name any beneficiary or beneficiaries
to receive any benefit in case of the Participant’s death before the Participant receives any or all of such benefit. Each such
designation shall revoke all prior designations by the same Participant and will be effective only when filed by the Participant in writing
(in such form or manner as may be prescribed by the Administrator) with the Company during the Participant’s lifetime. In the absence
of a valid designation as provided above, if no validly designated beneficiary survives the Participant or if each surviving validly
designated beneficiary is legally impaired or prohibited from receiving the benefits under an Award, the Participant’s beneficiary
shall be the legatee or legatees of such Award designated under the Participant’s last will or by such Participant’s executors,
personal representatives or distributees of such Award in accordance with the Participant’s will or the laws of descent and distribution.
The Administrator may provide in the terms of an Award Agreement or in any other manner prescribed by the Administrator that the Participant
shall have the right to designate a beneficiary or beneficiaries who shall be entitled to any rights, payments or other benefits specified
under an Award following the Participant’s death. Any transfer permitted under this Section 11.4 shall be for no consideration.

 

     

     

    

 

11.5            Rights
as Stockholder. A Participant shall have no rights as a holder of Shares with respect to any unissued securities covered by an Award
until the date the Participant becomes the holder of record of such securities. No adjustment or other provision shall be made for dividends
or other stockholder rights, except to the extent that the Award Agreement provides for dividend payments or dividend equivalent rights.
The Administrator may determine in its discretion the manner of delivery of Common Stock to be issued under the Plan, which may be by
delivery of stock certificates, electronic account entry into new or existing accounts or any other means as the Administrator, in its
discretion, deems appropriate.

 

11.6            Trading
Policy and Other Restrictions. Transactions involving Awards under the Plan shall be subject to the Company’s insider trading
and other restrictions, terms, conditions and policies, established by the Administrator from time to time or by applicable law.

 

11.7            Unfunded
Plan. The adoption of the Plan and any reservation of Shares or cash amounts by the Company to discharge its obligations hereunder
shall not be deemed to create a trust or other funded arrangement. Except upon the issuance of Shares pursuant to an Award, any rights
of a Participant under the Plan shall be those of a general unsecured creditor of the Company, and neither a Participant nor the Participant’s
permitted transferees or estate shall have any other interest in any assets of the Company by virtue of the Plan. Notwithstanding the
foregoing, the Company shall have the right to implement or set aside funds in a grantor trust, subject to the claims of the Company’s
creditors or otherwise, to discharge its obligations under the Plan.

 

11.8            Other
Compensation and Benefit Plans. The adoption of the Plan shall not affect any other share incentive or other compensation plans in
effect for the Company or any Subsidiary, nor shall the Plan preclude the Company from establishing any other forms of share incentive
or other compensation or benefit program for employees or other service providers of the Company or any Subsidiary. The amount of any
compensation deemed to be received by a Participant pursuant to an Award shall not constitute includable compensation for purposes of
determining the amount of benefits to which a Participant is entitled under any other compensation or benefit plan or program of the
Company or a Subsidiary, including under any pension or severance benefits plan, except to the extent specifically provided by the terms
of any such plan.

 

11.9            Plan
Binding on Transferees. The Plan shall be binding upon the Company, its transferees and assigns, and the Participant, the Participant’s
executor, administrator and permitted transferees and beneficiaries.

 

11.10            Severability.
If any provision of the Plan or any Award Agreement shall be determined to be illegal or unenforceable by any court of law in any jurisdiction,
the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall
remain enforceable in any other jurisdiction.

 

11.11            No
Fractional Shares. No evidence of book entry shares representing any fractional shares shall be issued in connection with the issuance
of any Shares (and instead the total number of Shares a Participant shall be entitled to receive shall be rounded down to the nearest
whole Share). In lieu of the issuance of any such fractional share, the Company shall pay to each Participant would be entitled to receive
such fractional share an amount in cash (rounded up to the nearest cent) determined by multiplying (a) the VWAP of the Shares on
the date the applicable Triggering Event occurs by (b) the fraction of a Share (rounded to the nearest thousandth when expressed
in decimal form) of a Share, which such holder would otherwise be entitled to receive pursuant to the Plan.

 

     

     

    

 

11.12            No
Guarantees Regarding Tax Treatment. Neither the Company nor the Administrator make any guarantees to any person regarding the tax
treatment of Awards or payments made under the Plan. Neither the Company nor the Administrator has any obligation to take any action
to prevent the assessment of any tax on any person with respect to any Award under Section 409A of the Code, Section 4999 of
the Code or otherwise and neither the Company nor the Administrator shall have any liability to a person with respect thereto.

 

11.13            Awards
to Non-U.S. Participants. To comply with the laws in countries other than the United States in which the Company or any of
its Subsidiaries or affiliates operates or has Employees, Directors or Consultants, the Administrator, in its sole discretion, shall
have the power and authority to (a) modify the terms and conditions of any Award granted to Participants outside the United States
to comply with applicable foreign laws, (b) take any action, before or after an Award is made, that it deems advisable to obtain
approval or comply with any necessary local government regulatory exemptions or approvals and (c) establish subplans and modify
exercise procedures and other terms and procedures, to the extent such actions may be necessary or advisable. Any subplans and modifications
to Plan terms and procedures established under this Section 11.13 by the Administrator shall be attached to the Plan document as
appendices.

 

11.14            Forfeiture
Events. The Administrator may specify in an Award Agreement that the Participant’s rights, payments and benefits with respect
to an Award are subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition
to any otherwise applicable vesting or performance conditions of an Award. Such events may include termination of service for cause,
violation of laws, regulations or material Company policies, breach of noncompetition, non-solicitation, confidentiality or other restrictive
covenants that may apply to the Participant, application of any Company compensation recovery, “clawback”, policy relating
to financial restatement, or other conduct by the Participant that is detrimental to the business or reputation of the Company or similar
policy, as may be in effect from time to time. Each award shall be subject to any compensation recovery, “clawback” or similar
policy made applicable by law, including the provisions of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection
Act and the rules, regulations and requirements adopted thereunder by the Securities and Exchange Commission and/or any national securities
exchange on which the Company’s equity securities may be listed (the “Policy”). By accepting an Award hereunder,
the Participant acknowledges and agrees that the Policy, whenever adopted, shall apply to such Award, and all incentive-based compensation
payable pursuant to such Award shall be subject to forfeiture and repayment pursuant to the terms of the Policy.

 

11.15            Language.
Where there is any conflict between the terms of the English version of the Plan, the Awards and/or any ancillary documents and a version
in any other language, the English language version will prevail.

 

     

     

    

 

12.            Term
of Plan. The Plan will become effective upon the latest to occur of (a) its adoption by the Board, (b) approval by the
Company’s stockholders, or (c) the Closing Date (the “Effective Date”). The Plan will continue in effect
until the tenth anniversary of the Effective Date unless earlier terminated under Section 13.

 

13.            Amendment
and Termination of the Plan.

 

13.1            Amendment
and Termination. The Administrator, in its sole discretion, may amend, alter, suspend or terminate the Plan or any part thereof,
at any time and for any reason, provided that, that the Triggering Events and Acceleration Event cannot be modified, waived or accelerated
unless the same treatment is applicable to the Stockholder Allocable Amount under the Business Combination Agreement.

 

13.2            Stockholder
Approval. The Company will obtain stockholder approval of any Plan amendment to the extent necessary or desirable to comply with
Applicable Laws.

 

13.3            Consent
of Participants Generally Required. Subject to Section 13.4 below, no amendment, alteration, suspension or termination of the
Plan or an Award under it will materially impair the rights of any Participant without the Participant’s consent. Termination of
the Plan will not affect the Administrator’s ability to exercise the powers granted to it regarding Awards granted under the Plan
prior to such termination.

 

13.4            Exceptions
to Consent Requirement.

 

(a)            A
Participant’s rights will not be deemed to have been impaired by any amendment, alteration, suspension or termination if the Administrator,
in its sole discretion, determines that the amendment, alteration, suspension or termination taken as a whole, does not materially impair
the Participant’s rights; and

 

(b)            Subject
to any limitations of Applicable Laws, the Administrator may amend the terms of any one or more Awards without the affected Participant’s
consent even if it does materially impair the Participant’s right if such amendment is done:

 

(i)            in
a manner specified by the Plan,

 

(ii)            to
clarify the manner of exemption from Code Section 409A or compliance with any requirements necessary to avoid the imposition of
additional tax or interest under Code Section 409A(a)(1)(B), or

 

(iii)            to
comply with other Applicable Laws.

 

     

     

    

 

14.            Conditions
Upon Issuance of Shares.

 

14.1            Securities
Law Compliance. No Shares will be issued or transferred pursuant to an Award unless and until all then applicable requirements imposed
by federal and state securities and other laws, rules and regulations and by any regulatory agencies having jurisdiction, and by
any exchanges upon which the Shares may be listed, have been fully met. As a condition precedent to the issuance of Shares pursuant to
the grant or exercise of an Award, the Company may require the Participant to take any action that the Company determines is necessary
or advisable to meet such requirements. The Administrator may impose such conditions on any Shares issuable under the Plan as it may
deem advisable, including restrictions under the Securities Act, under the requirements of any exchange upon which such shares of the
same class are then listed, and under any blue sky or other securities laws applicable to such shares. The Administrator may also require
the Participant to represent and warrant at the time of issuance or transfer that the Shares are being acquired solely for investment
purposes and without any current intention to sell or distribute such shares.

 

14.2            Failure
to Accept Award. If a Participant has not accepted an Award to the extent such acceptance has been requested or required by the Company
or has not taken all administrative and other steps (e.g., setting up an account with a broker designated by the Company) necessary
for the Company to issue Shares upon the vesting or settlement of the Award prior to the first date the Shares subject to such Award
are scheduled to vest, then the portion of the Award scheduled to vest on such date will be cancelled on such date and such Shares subject
to the Award immediately will revert to the Plan for no additional consideration unless otherwise provided by the Administrator.

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