Document:

EX-10.14

 Exhibit 10.14 

Execution Version 

EMPLOYMENT AGREEMENT 

This Employment Agreement (“Agreement”), dated as of December 13, 2021 (the “Execution Date”), is
entered into by and between Bullish US LLC, a Delaware company (the “Company”), and Thomas W. Farley (“Executive”), and effective as of the Effective Date (as defined below). For the avoidance of doubt, if the
Transactions (as defined below) are not consummated or the Closing Date does not occur for any or no reason, this Agreement shall be null and void ab initio. 

WITNESSETH: 

WHEREAS, pursuant to that certain Business Combination Agreement (the “Business Combination Agreement”),
dated as of July 8, 2021, by and among (i) Far Peak Acquisition Corporation, a Cayman Islands exempted company, (ii) Bullish, a Cayman Islands exempted company and the ultimate parent of the Company (“Parent”), (iii)
BMC1, a Cayman Islands exempted company and a direct wholly owned subsidiary of Parent, (iv) BCM2, a Cayman Islands exempted company and a direct wholly owned subsidiary of Parent, and (v) Bullish Global, a Cayman Islands exempted
company (“Bullish Global”), pursuant to which, among other things, Bullish Global will become a wholly owned subsidiary of Parent (such transactions, the “Transactions”); and 

WHEREAS, the Company desires to employ Executive on the terms and conditions, and for the consideration, hereinafter set forth
and Executive desires to be employed by the Company on such terms and conditions and for such consideration. 
 NOW, THEREFORE, for
and in consideration of the mutual promises, covenants and obligations contained herein, the Company and Executive agree as follows: 

ARTICLE I 
 DEFINITIONS

 In addition to the terms defined in the body of this Agreement, for purposes of this Agreement, the following capitalized words shall
have the meanings indicated below: 
 1.1 “Board” shall mean the Board of Directors of Parent. 

1.2 “ Cause” shall mean (i) Executive’s material failure to perform his reasonable and lawful duties or
responsibilities to any Company Affiliate; (ii) Executive’s intentional and willful refusal to follow directions from the Board that are not inconsistent with Executive’s position; (iii) Executive’s engagement in any act of
willful misconduct, gross negligence, dishonesty, fraud or misrepresentation to the material detriment of any Company Affiliate; (iv) Executive’s material breach of this Agreement or any material terms of an employee handbook or company
policies (or other written policies applicable to Executive), confidentiality agreement or invention assignment agreement between Executive and any Company Affiliate; (v) Executive being charged with and subsequently found guilty of committing
a crime (other than minor traffic offenses) or any admission by Executive of the commission of such crime or crimes; (vi) Executive engaging in intentional and willful conduct that is injurious to any Company Affiliate’s name or
reputation; provided, however, that if the actions described above are capable of being cured (in the good faith 

 
judgment of the Board), such actions will not be considered Cause unless Executive has failed to cure such actions within ten days of receiving written notice from the Board specifying (with
particularity) the events allegedly giving rise to Cause; and, further provided, that such actions will not be considered Cause unless the Company provides such written notice within 90 days of any member of the Board (excluding
Executive, if applicable at the time of such notice) having knowledge of the relevant action. For purposes of determining Executive’s right to retain equity compensation awards (including, without limitation, stock options and restricted stock
units), Executive will not be deemed to be discharged for Cause unless and until there is delivered to Executive a copy of a resolution duly adopted by the affirmative vote of not less than two thirds (2/3) of the entire membership of the Board
(excluding the Executive, if he is then a member of the Board), at a meeting called and duly held for such purpose, finding in good faith that Executive is guilty of the conduct set forth above and specifying the particulars thereof in detail. 

1.3 “Closing Date” shall have the meaning set forth in the Business Combination Agreement. 

1.4 “Code” shall mean the Internal Revenue Code of 1986, as amended. 

1.5 “Company Affiliate” means Parent, the Company and their respective subsidiaries. 

1.6 “Date of Termination” shall mean the date Executive’s employment with the Company is considered to have terminated
pursuant to Section 3. 
 1.7 “Disability” shall mean any medically determinable physical or
mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months as determined by the Company and certified in writing by a competent medical physician selected by the Board.

 1.8 “Effective Date” means the Closing Date. 

1.9 “Intellectual Property Rights” shall mean all intellectual and industrial property (in any form or medium), together with
all rights, title and interests therein, in all jurisdictions throughout the world, including all of the following: (i) utility and design patents, patent applications and patent disclosures and registrations and applications for registration
of industrial design rights; (ii) trade secrets and other confidential information, inventions, industrial designs, modifications, and improvements; (iii) trademarks, service marks, trade dress, trade names, corporate names, logos and
slogans (and all translations, adaptations, derivations and combinations of the foregoing), other indicia of source or origin, and Internet domain names, together with all goodwill associated with any of the foregoing; (iv) computer software,
including source code, executable code, firmware, systems, tools, data, databases, and other collections of data, and all information and documentation related to any of the foregoing; (v) other works of authorship, copyrights, and
copyrightable works, including derivative works; and (vi) registrations, renewals, and applications for registration or renewal of any of the foregoing (i) through (v). 

1.10 “Notice of Termination” shall mean a written notice delivered to the other party indicating the specific termination
provision in this Agreement relied upon for termination of Executive’s employment and the intended Date of Termination and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of
Executive’s employment under the provision so indicated. 

  
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 1.11 “Incentive Plan” means the Bullish 2021 Omnibus Incentive Plan. 

1.12 “Section 409A” shall mean Section 409A of the Code and the Treasury Regulations and other
interpretative guidance issued thereunder. 
 1.13 “Section 409A Payment Date” shall mean the earlier of
(a) the date of Executive’s death, or (b) the date that is six months after the date of termination of Executive’s employment with the Company. 

ARTICLE II 
 EMPLOYMENT
AND DUTIES 
 2.1 Employment; Effective Date. The Company agrees to employ Executive, and Executive agrees to continue to be
employed by the Company, pursuant to the terms of this Agreement beginning as of the Effective Date and continuing for the period of time set forth in Article III of this Agreement, subject to the terms and conditions of this Agreement. 

2.2 Positions. From and after the Effective Date, the Company shall employ Executive in the position of Chief Executive Officer of the
Company, and Executive shall report to the Board. The Board shall take such action as may be necessary to appoint or elect Executive as a member of the Board as of the Effective Date. 

2.3 Duties and Services. Executive agrees to serve in the position referred to in Section 2.2 and to perform
diligently and to the best of Executive’s abilities the duties and services appertaining to such position, as well as (a) such additional reasonably specific duties and services that Executive from time to time may be reasonably directed
to perform by the Board that are reasonably consistent with such position, and (b) such additional duties and services appropriate to such position(s) which the parties mutually agree upon from time to time. 

2.4 Other Interests. Executive agrees, during the period of Executive’s employment by the Company, to devote all of
Executive’s business time, energy and best efforts to the business and affairs of any Company Affiliate. Notwithstanding the foregoing, the parties acknowledge and agree that Executive may (a) engage in and manage Executive’s passive
personal investments, and (b) engage in charitable and civic activities; provided, however, that such activities shall be permitted so long as such activities do not conflict with the business and affairs of any Company Affiliate or interfere
with Executive’s performance of Executive’s duties hereunder. Other than those positions held by Executive as of the Effective Date as set forth on Annex A, service on any board of directors of any
for-profit company, other than the Board, shall require prior approval by the Board. 
 2.5 Duty
of Loyalty. Executive acknowledges and agrees that Executive owes a fiduciary duty of loyalty, fidelity and allegiance to act in the best interests of the Company Affiliates and to do no act that would materially injure the business, interests,
or reputation of any Company Affiliate. In keeping with these duties, Executive shall make full disclosure to the Company of all business opportunities pertaining to any Company Affiliate’s business and shall not appropriate for
Executive’s own benefit business opportunities concerning the subject matter of the fiduciary relationship. 

  
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 ARTICLE III 

TERM AND TERMINATION OF EMPLOYMENT 

3.1 Term. Unless sooner terminated pursuant to other provisions hereof, the Company agrees to continue to employ Executive for the
period beginning on the Effective Date and ending on the date of termination pursuant to Section 3.2 or 3.3. 

3.2 Company’s Right to Terminate. Notwithstanding the provisions of Section 3.1, the Company may
terminate Executive’s employment under this Agreement at any time for any of the following reasons by providing Executive with a Notice of Termination: 

(a) upon Executive being unable to perform Executive’s duties or fulfill Executive’s obligations under this Agreement by reason of
any Disability; 
 (b) Executive’s death; 

(c) for Cause; or 
 (d) for any
other reason whatsoever or for no reason at all, in the sole discretion of the Company. In the case of a termination of employment by the Company pursuant to this Section 3.2(d), the Date of Termination specified in the
Notice of Termination shall not be less than six months if the Date of Termination in such Notice of Termination is on or following the second anniversary of the Effective Date. 

3.3 Executive’s Right to Terminate. Notwithstanding the provisions of Section 3.1, Executive shall have
the right to terminate Executive’s employment under this Agreement for any (or no) reason whatsoever or for no reason at all, in the sole discretion of Executive, by providing the Company with a Notice of Termination. In the case of a
termination of employment by Executive pursuant to this Section 3.3, the Date of Termination specified in the Notice of Termination shall not be (a) less than three months if the Date of Termination in such Notice of
Termination is prior to the second anniversary of the Effective Date, or (b) less than six months if the Date of Termination in such Notice of Termination is on or following the second anniversary of the Effective Date, in each case,
respectively, from the date such Notice of Termination is given, and the Company may require a Date of Termination earlier than that specified in the Notice of Termination (and, if such earlier Date of Termination is so required, (i) it shall
not change the basis for Executive’s termination nor be construed or interpreted as a termination of employment pursuant to Sections 3.1 or 3.2, and (ii) the Company shall pay Executive the Base Salary that Executive
otherwise would have earned during such accelerated notice period). 
 3.4 Deemed Resignations. Unless otherwise agreed to in writing
by the Company and Executive prior to the termination of Executive’s employment, any termination of Executive’s employment shall constitute (a) an automatic resignation of Executive as an officer of the Company and each affiliate of
the Company, and (b) an automatic resignation of Executive from the Board (if applicable), from the board of directors of any affiliate of the Company and from the board of directors or similar governing body of any corporation, limited
liability entity or other entity in which any Company Affiliate holds an equity interest and with respect to which board or similar governing body Executive serves as any Company Affiliate’s designee or other representative. 

  
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 ARTICLE IV 

COMPENSATION AND BENEFITS 

4.1 Base Salary. During the term of this Agreement, Executive shall receive a minimum, annualized base salary of $250,000 (the
“Base SalaryL). Executive’s annualized base salary shall be reviewed periodically by the Board (or a committee thereof) and, in the sole discretion of the Board (or a committee thereof), such annualized base salary may be increased
(but not decreased, unless mutually agreed) effective as of any date determined by the Board (or a committee thereof). Executive’s Base Salary shall be paid in equal installments in accordance with the Company’s standard policy regarding
payment of compensation to executives but no less frequently than monthly. 
 4.2 Annual Bonus. During the term of this Agreement,
Executive shall be eligible to earn an annual performance bonus based on a target bonus opportunity of 100% of the Base Salary (the “Annual Bonus”), based on the attainment of certain annual objectives and performance goals to be
determined by the Board, in its sole discretion, after consulting with Executive. Any Annual Bonus earned for a particular fiscal year shall be paid to Executive no later than March 15th of the year following the year in respect of which such bonus
is earned, subject to Executive’s continued employment through the date of payment. 
 4.3 Equity Award. During Executive’s
employment hereunder, Executive shall be eligible to participate in all equity incentive plans in which similarly situated executives participate, including the Incentive Plan. Executive’s entitlement to any equity awards under such equity
incentive plans shall be subject to approval by the Board or a committee thereof. 
 4.4 Other Benefits. During Executive’s
employment hereunder, Executive shall be eligible to participate in the Company’s employee benefit plans made available to other similarly situated employees of the Company, subject to the terms thereof. The Company shall not, however, by
reason of this Section 4.4, be obligated to institute, maintain, or refrain from changing, amending, or discontinuing, any such benefit plan or program. 

4.5 Expenses. The Company shall reimburse Executive for all reasonable business expenses incurred by Executive in performing services
hereunder, including all expenses of travel and living expenses while away from home on business or at the request of and in the service of the Company; provided, in each case, that such expenses are incurred and accounted for in accordance with the
policies and procedures established by the Company. 
 4.6 Vacation and Sick Leave. During Executive’s employment hereunder,
Executive shall be entitled to sick and vacation leave in accordance with the Company’s policies applicable to other similarly situated employees of the Company, which leave shall accrue and be taken in accordance with the Company’s sick
and vacation policies in effect from time to time. Executive’s right to carry over unused vacation from one calendar year to the next shall be determined by the Company’s vacation policy. 

  
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 4.7 Offices. Subject to Articles II, III, and IV hereof, Executive agrees to serve
without additional compensation, if elected or appointed thereto, as a director of any Company Affiliate and as a member of any committees of the board of directors of any such entities, and in one or more executive positions of any Company
Affiliate . 
 ARTICLE V 

EFFECT OF TERMINATION OF EMPLOYMENT ON COMPENSATION 

5.1 For Cause; Voluntary Resignation. If Executive’s employment hereunder shall terminate (a) pursuant to
Section 3.2(c), or (b) pursuant to Executive’s resignation for any (or no) reason, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of
employment, except that Executive shall be entitled to (i) payment of all accrued and unpaid Base Salary to the Date of Termination, (ii) reimbursement for all incurred but unreimbursed expenses for which Executive is entitled to
reimbursement in accordance with Section 4.5, and (iii) benefits to which Executive is entitled under the terms of any applicable benefit plan or program (such amounts set forth in (i), (ii), and (iii) shall be
collectively referred to herein as the “Accrued RightsL). 
 5.2 Death; Disability. If Executive’s employment
hereunder shall terminate on account of his death or Disability pursuant to Sections 3.2(a) or 3.2(b), then all compensation and all benefits to Executive hereunder shall terminate contemporaneously with such termination of employment,
except that Executive (or Executive’s legal representative, estate, and/or beneficiaries, as the case may be) shall be entitled to receive: 

(a) the Accrued Rights; and 
 (b)
any Annual Bonus earned but unpaid with respect to the fiscal year ending on or preceding the Date of Termination. 
 5.3 Without
Cause. If Executive’s employment hereunder shall terminate by action of the Company for any reason other than death, Disability or for Cause, then all compensation and all benefits to Executive hereunder shall terminate contemporaneously
with such termination of employment, except that Executive shall be entitled to receive the Accrued Rights and, subject to Executive’s delivery, within 60 days after the Date of Termination, and
non-revocation of an executed release in a form reasonably satisfactory to the Company (which shall release and discharge any Company Affiliate and benefit plans, and their respective stockholders, officers,
directors, members, partners, employees, agents representatives and other affiliated persons from any and all claims or causes of action of any kind or character, including but not limited to all claims or causes of action arising out of
Executive’s employment with any Company Affiliate or the termination of such employment) (the “Release”), Executive shall receive the following additional compensation and benefits from the Company, as applicable, (but no other
additional compensation or benefits after such termination): 

  
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 (a) Severance Payment: The Company shall pay to Executive a severance amount equal to
one times (1x) the amount of Executive’s Base Salary as of the Date of Termination, which amount shall be paid in accordance with the Company’s normal payroll practices for a period of 12 months following such termination (during which
time Executive will not be considered an employee of the Company); provided that to the extent that the payment of any amount constitutes “nonqualified deferred compensationL for purposes of Section 409A, any such payment scheduled to
occur during the first 60 days following the Date of Termination shall not be paid until the first regularly scheduled payroll date following the sixtieth day following such Date of Termination and shall include payment of any amount that was
otherwise scheduled to be paid prior thereto a lump sum payment on the first payroll date following the effective date of the Release; and 

(b) Post-Employment Health Coverage: During the portion, if any, of the 12-month period
following the Date of Termination that Executive elects to continue coverage for Executive and Executive’s spouse and eligible dependents, if any, under the Company’s group health plans under the Consolidated Omnibus Budget Reconciliation
Act of 1985, as amended (COBRA), and/or sections 601 through 608 of the Employee Retirement Income Security Act of 1974, as amended, the Company shall promptly reimburse Executive on a monthly basis for the difference between the amount Executive
pays to effect and continue such coverage and the employee contribution amount that similarly situated active senior executive employees of the Company pay for the same or similar coverage under such group health plans; provided, however, that in
the event that Executive becomes eligible for group health coverage from a subsequent employer, the reimbursements provided by the Company under this Section 5.3(b) shall immediately cease. 

Notwithstanding the foregoing, if Executive’s employment hereunder shall terminate by action of the Company for any reason other than death, Disability
or for Cause following the second anniversary of the Effective Date, then all compensation and all benefits to Executive hereunder (including Sections 5.3(a) and 5.3(b)) shall terminate contemporaneously with such termination of
employment, except that Executive shall only be entitled to receive the Accrued Rights. 
 ARTICLE VI 

PROTECTION OF INFORMATION 

6.1 Disclosure to and Property of the Company. For purposes of this Article VI, the term “the CompanyL shall include the Company
Affiliates, and any reference to “employmentL or similar terms shall include a director and/or consulting relationship. All information, trade secrets, designs, ideas, concepts, improvements, product developments, discoveries and inventions,
whether patentable or not, that are conceived, made, developed, disclosed to or acquired by Executive, individually or in conjunction with others, during the period of Executive’s employment by the Company (whether during business hours or
otherwise and whether on the Company’s premises or otherwise) that relate to any Company Affiliate’s businesses, trade secrets, products or services (including, without limitation, all such information relating to corporate opportunities,
strategies, business plans, product specifications, compositions, manufacturing and distribution methods and processes, research, financial and sales data, pricing terms, evaluations, opinions, interpretations, acquisition prospects, the identity of
customers or their requirements, the identity of key contacts within the customer’s organizations or within the organization of acquisition prospects, or production, marketing and merchandising techniques, prospective names and marks) and all
writings or materials of any type embodying any of such information, ideas, concepts, improvements, discoveries, inventions and other similar forms of expression (collectively, “Confidential Information”) shall be disclosed to the
Company and are and shall be 

  
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the sole and exclusive property of the relevant Company Affiliate, as applicable. Moreover, all documents, videotapes, written presentations, brochures, drawings, memoranda, notes, records,
files, correspondence, manuals, models, specifications, computer programs, email, voice mail, electronic databases, maps, drawings, architectural renditions, models and all other writings or materials of any type embodying any of such information,
ideas, concepts, improvements, discoveries, inventions and other similar forms of expression are and shall be the sole and exclusive property of the relevant Company Affiliate, as applicable. At the Company’s sole expense, Executive agrees to
perform all actions reasonably requested by any Company Affiliate to establish and confirm such exclusive ownership. Upon termination of Executive’s employment with the Company, for any reason, Executive promptly shall deliver such Confidential
Information, and all copies thereof, to the Company. 
 6.2 Disclosure to Executive. The Company has and will disclose to Executive
and place Executive in a position to have access to or develop Confidential Information of the Company (or its affiliates), have and will entrust Executive with business opportunities of the Company (or its affiliates), and have and will place
Executive in a position to develop business good will on behalf of the Company (or its affiliates). 
 6.3 No Unauthorized Use or
Disclosure. 
 (a) Executive agrees to preserve and protect the confidentiality of all Confidential Information of the Company
Affiliates. Executive agrees that Executive will not, at any time during or after Executive’s employment with the Company, make any unauthorized disclosure of, and Executive shall not remove from any Company Affiliate premises, Confidential
Information of any Company Affiliate, or make any use thereof, except, in each case, in the carrying out of Executive’s responsibilities hereunder. Executive shall use all reasonable efforts to cause all persons or entities to whom any
Confidential Information shall be disclosed by Executive hereunder to preserve and protect the confidentiality of such Confidential Information. 

(b) Executive shall have no obligation hereunder to keep confidential any Confidential Information if and to the extent disclosure thereof is
specifically required by law; provided, however, that in the event disclosure is required by applicable law, Executive shall provide the Company, with prompt notice of such requirement prior to making any such disclosure, so that the Company, may
seek an appropriate protective order. 
 (c) At the request of the Company at any time, Executive agrees to deliver to the Company all
Confidential Information that Executive may possess or control. Executive agrees that all Confidential Information of the Company (whether now or hereafter existing) conceived, discovered or made by Executive during the period of Executive’s
employment by the Company exclusively belongs to the Company (and not to Executive), and upon request by the Company for specified Confidential Information, Executive will promptly disclose such Confidential Information to the Company and perform
all actions reasonably requested by the Company to establish and confirm such exclusive ownership. Affiliates of the Company shall be third party beneficiaries of Executive’s obligations under this Article VI. As a result of Executive’s
employment by the Company, Executive may also from time to time have access to, or knowledge of, Confidential Information of third parties, such as customers, suppliers, partners, joint venturers, 

and the like, of the Company and its affiliates. Executive also agrees to preserve and protect the confidentiality of such third party Confidential
Information. 

  
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 (d) Nothing herein will prevent Executive from: (i) making a good faith report of
possible violations of applicable law to any governmental agency or entity; or (ii) making disclosures that are protected under the whistleblower provisions of applicable law. For the avoidance of doubt, nothing herein shall prevent Executive
from making a disclosure of a trade secret that: (A) is made in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected
violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Further, an individual who files a lawsuit for retaliation by an employer of reporting a suspected
violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (X) files any document containing the trade secret under seal, and (Y) does
not disclose the trade secret, except pursuant to court order. 
 6.4 Ownership by the Company. 

(a) Executive hereby acknowledges and agrees that all Intellectual Property Rights, and all printed, physical, electronic, and other tangible
embodiments thereof, and all rights and claims related to any of the foregoing, that are authored, conceived, developed, reduced to practice, modified, or improved by Executive (either solely or jointly with others) during the period of his or her
employment by the Company and for which any equipment, supplies, facilities, or Confidential Information of the Company was used, or that relate in any way to the business or actual or demonstrably anticipated research or development of the Company,
or that result from any work performed by Executive for the Company, regardless of when or where the work is prepared (collectively, the “Work ProductL), is to the maximum extent permissible under applicable copyright laws a “work
made for hireL that is owned exclusively (including, for the avoidance of doubt, all copyrights therein) by the Company pursuant to the United States Copyright Act (17 U.S.C., Section 101) and corresponding foreign laws. To the extent that the
Work Product consists of Intellectual Property Rights other than copyright rights, or that the Work Product or any portion thereof does not qualify as a “work made for hireL under applicable copyright law, Executive hereby irrevocably assigns
to the Company, for no additional consideration, all right, title, and interest in and to any such Work Product (including, for the avoidance of doubt, all Intellectual Property Rights therein). 

(b) Executive shall promptly and fully communicate to the Company all Work Product as reasonably practicable under the circumstances and, in
any event, whenever requested by the Company. Upon termination of Executive’s employment with the Company, for any reason, Executive promptly shall deliver all Work Product in Executive’s possession, custody or control, and all copies
thereof, to the Company. 
 (c) Executive hereby irrevocably waives, to the extent permitted by applicable law, any and all claims Executive
may now or hereafter have in any jurisdiction to all rights of paternity, integrity, disclosure, withdrawal and any other rights that may be known as “moral rightsL with respect to all Work Product (including, for the avoidance of doubt, all
Intellectual Property Rights therein). 

  
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 6.5 Assistance by Executive. During the period of Executive’s employment by the
Company, Executive shall assist the Company and its nominee, at any time, in the protection of any Company Affiliate’s worldwide right, title and interest in and to Confidential Information and Work Product and the execution of all formal
assignment documents requested by the Company or its nominee(s) and the execution of all lawful oaths and applications for patents and registration of copyright in the United States and foreign countries. After Executive’s employment
termination with the Company, at the request from time to time and reasonable expense of the applicable Company Affiliate, Executive shall assist the Company or its nominee(s) in the protection of any Company Affiliate’s worldwide right, title
and interest in and to Confidential Information and Work Product and the execution of all formal assignment documents requested by the Company or its nominee and the execution of all lawful oaths and applications for patents and registration of
copyright in the United States and foreign countries. 
 6.6 Remedies. Executive acknowledges that money damages would not be a
sufficient remedy for any breach of this Article VI by Executive, and any Company Affiliate shall be entitled to enforce the provisions of this Article VI by terminating payments or benefits then owing to Executive under
Section 5.3 and to specific performance and injunctive relief as remedies for such breach or any threatened breach; provided, that, to the extent the Company receives monetary damages from Executive, such amounts
shall not exceed the total value Executive received under Section 5.3. Such remedies shall not be deemed the exclusive remedies for a breach of this Article VI but shall be in addition to all remedies available at law or in
equity, including the recovery of damages from Executive and Executive’s agents. However, if it is determined that Executive has not committed a breach of this Article VI, then the Company shall resume the payments and benefits due under this
Agreement and pay to Executive or the Executive’s estate, if applicable, all payments and benefits that had been suspended pending such determination. 

ARTICLE VII 
 STATEMENTS
CONCERNING THE COMPANY 
 7.1 Statements Concerning the Company. Subject to Section 6.3(d) above,
Executive shall refrain, both during and after the termination of the employment relationship, from publishing any oral or written statements about any Company Affiliate or any Company Affiliate’s directors, officers, employees, consultants,
agents or representatives that (a) are slanderous, libelous or defamatory, (b) disclose Confidential Information of any Company Affiliate or of any Company Affiliates’ business affairs, directors, officers, employees, consultants,
agents or representatives, or (c) place any Company Affiliate or such Company Affiliates’ directors, officers, employees, consultants, agents or representatives in a false light before the public. The foregoing shall not be violated by
truthful statements in response to legal process, required governmental testimony or filings, or administrative or arbitral proceedings (including, without limitation, depositions in connection with such proceedings). 

7.2 Enforcement Rights. A violation or threatened violation of this Article VII may be enjoined by the courts. The rights afforded the
Company and its affiliates under this provision are in addition to any and all rights and remedies otherwise afforded by law. 

  
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 ARTICLE VIII 

NON-COMPETITION AGREEMENT 

8.1 Definitions. As used in this Article VIII, the following terms shall have the following meanings: 

“Business” means (a) during the period of Executive’s employment by the Company, the core products and services
provided by the Company Affiliates related to the business of a digital asset exchange, and (b) during the portion of the Prohibited Period that begins on the termination of Executive’s employment with the Company, the products and
services provided by any Company Affiliate at the time of such termination of employment and other products and services that are functionally equivalent to the foregoing. 

“Competing Business” means any business, individual, partnership, firm, corporation or other entity which wholly or in any
significant part engages in any business competing with the Business in the Restricted Area. In no event will any Company Affiliate be deemed a Competing Business. 

“Governmental Authority” means any governmental, quasi-governmental, state, county, city or other political subdivision of
the United States or any other country, or any agency, court or instrumentality, foreign or domestic, or statutory or regulatory body thereof. 

“Legal Requirement” means any law, statute, code, ordinance, order, rule, regulation, judgment, decree, injunction,
franchise, permit, certificate, license, authorization, or other directional requirement (including, without limitation, any of the foregoing that relates to environmental standards or controls, energy regulations and occupational, safety and health
standards or controls including those arising under environmental laws) of any Governmental Authority. 
 “Prohibited
Period” means the period during which Executive is employed by the Company hereunder and a period of 12 months following the termination of Executive’s employment with the Company. 

“Restricted Area” means any geographic area within a 100-mile radius of any location
where any Company Affiliate engaged, or demonstrably made plans to engage, in material operations related to the Business, and for which Executive has or had responsibilities, during the 12 months prior to the Date of Termination. 

8.2 Non-Competition; Non-Solicitation. Executive agrees
to the non-competition and non-solicitation provisions of this Article VIII in consideration for the Confidential Information provided by the Company to Executive
pursuant to Article VI of this Agreement, to protect the trade secrets and confidential information of any Company Affiliate disclosed or entrusted to Executive by any Company Affiliate or created or developed by Executive for any Company Affiliate
, to protect the business goodwill of the Company Affiliates developed through the efforts of Executive and/or the business opportunities disclosed or entrusted to Executive by any Company Affiliate and as an additional incentive for the Company to
enter into this Agreement. 

  
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 (a) Subject to the exceptions set forth in Section 8.2(b) below,
Executive expressly covenants and agrees that during the Prohibited Period (i) Executive will refrain from carrying on or engaging in, directly or indirectly, any Competing Business in the Restricted Area, and (ii) Executive will not, and
Executive will cause Executive’s affiliates not to, directly or indirectly, own, manage, operate, join, become an employee of, partner in, owner or member of (or an independent contractor to), control or participate in, be connected with or
loan money to, sell or lease equipment or property to, or otherwise be affiliated with any business, individual, partnership, firm, corporation or other entity which engages in a Competing Business in the Restricted Area. 

(b) Notwithstanding the restrictions contained in Section 8.2(a), Executive or any of Executive’s affiliates
may own an aggregate of not more than 1% of the outstanding stock of any class of any corporation engaged in a Competing Business, if such stock is listed on a national securities exchange or regularly traded in the over-the-counter market by a member of a national securities exchange, without violating the provisions of Section 8.2(a), provided that neither Executive nor any of Executive’s
affiliates has the power, directly or indirectly, to control or direct the management or affairs of any such corporation and is not involved in the management of such corporation. 

(c) Executive further expressly covenants and agrees that during the Prohibited Period, Executive will not, and Executive will cause
Executive’s affiliates not to (i) engage or employ, or solicit or contact with a view to the engagement or employment of, any person who is an officer or employee of any Company Affiliate, provided that the foregoing clause (A) shall
not prevent Executive from (x) making a general offer of employment to the public, as long as not specifically directed at any such employee of the Company or (y) engaging any recruiting firm or similar organization to identify and solicit
persons for employment on behalf of Executive, so long as such recruiting firm or organization is not instructed to specifically target any such employee, or (ii) canvass, solicit, approach or entice away or cause to be canvassed, solicited,
approached or enticed away from any Company Affiliate any person who or which is a customer of any of such entities during the period during which Executive is employed by the Company for the purpose of competing with the Business. 

(d) Before accepting employment with any other person or entity while employed by the Company during the Prohibited Period, Executive will
inform such person or entity of the restrictions contained in this Article VIII. 
 8.3 Relief. Executive and the Company agree and
acknowledge that the limitations as to time, geographical area and scope of activity to be restrained as set forth in Section 8.2 are reasonable and do not impose any greater restraint than is necessary to protect the
legitimate business interests of the Company Affiliates. Executive and the Company also acknowledge that money damages would not be sufficient remedy for any breach of this Article VIII by Executive, and any Company Affiliate shall be entitled to
enforce the provisions of this Article VIII by terminating payments or benefits then owing to Executive under Section 5.3 and to specific performance and injunctive relief as remedies for such breach or any threatened
breach. Such remedies shall not be deemed the exclusive remedies for a breach of this Article VIII but shall be in addition to all remedies available at law or in equity, including the recovery of damages from Executive and Executive’s agents.

  
 12 

 8.4 Reasonableness; Enforcement. Executive hereby represents to the Company that
Executive has read and understands, and agrees to be bound by, the terms of this Article VIII. Executive acknowledges that the geographic scope and duration of the covenants contained in this Article VIII are the result of arm’s-length bargaining and are fair and reasonable in light of (a) the nature and wide geographic scope of the operations of the Business, (b) Executive’s level of control over and contact with
the Business in all jurisdictions in which it is conducted, (c) the fact that the Business is conducted throughout the Restricted Area, and (d) the amount of Confidential Information that Executive is receiving in connection with the
performance of Executive’s duties hereunder. It is the desire and intent of the parties that the provisions of this Article VIII be enforced to the fullest extent permitted under applicable Legal Requirements, whether now or hereafter in effect
and therefore, to the extent permitted by applicable Legal Requirements, Executive and the Company hereby waive any provision of applicable Legal Requirements that would render any provision of this Article VIII invalid or unenforceable. 

8.5 Reformation. The Company and Executive agree that the foregoing restrictions are reasonable under the circumstances and that any
breach of the covenants contained in this Article VIII would cause irreparable injury to the Company Affiliates. Executive understands that the foregoing restrictions may limit Executive’s ability to engage in certain businesses anywhere in the
Restricted Area during the Prohibited Period, but acknowledges that Executive will receive sufficient consideration from the Company to justify such restriction. Further, Executive acknowledges that Executive’s skills are such that Executive
can be gainfully employed in non-competitive employment, and that the agreement not to compete will not prevent Executive from earning a living. Nevertheless, if any of the aforesaid restrictions are found by
a court of competent jurisdiction to be unreasonable, or overly broad as to geographic area or time, or otherwise unenforceable, the parties intend for the restrictions herein set forth to be modified by the court making such determination so as to
be reasonable and enforceable and, as so modified, to be fully enforced. By agreeing to this contractual modification prospectively at this time, the Company and Executive intend to make this provision enforceable under the law or laws of all
applicable states, provinces and other jurisdictions so that the entire agreement not to compete and this Agreement as prospectively modified shall remain in full force and effect and shall not be rendered void or illegal. Such modification shall
not affect the payments made to Executive under this Agreement. 
 ARTICLE IX 

DISPUTE RESOLUTION 
 9.1
Arbitration. Any and all claims or disputes between Executive and any Company Affiliate (including, without limitation, the validity, scope, and enforceability of this Article IX and claims arising under any federal, state or local law
prohibiting discrimination in employment or governing the employment relationship in any way) shall be submitted for final and binding arbitration by a single arbitrator in New York, New York, in accordance with the rules for resolution of
employment disputes of the American Arbitration Association. The arbitrator shall have the power to gather such materials, information, testimony, and evidence as he or she deems relevant to the dispute before him or her, and each party will provide
such materials, information, testimony, and evidence requested by the arbitrator, except to the extent any information so requested is subject to an attorney-client or other privilege. The arbitrator shall apply the substantive law of the State of
New York (excluding New York’s choice-of-law principles that 

  
 13 

 
might call for the application of some other state’s law), or federal law, or both as applicable to the claims asserted. The results of the arbitration and the decision of the arbitrator
will be final and binding on the parties and each party agrees and acknowledges that these results shall be enforceable in a court of law of competent jurisdiction; provided that the parties agree that the arbitrator and any court enforcing the
award of the arbitrator shall not have the right or authority to award punitive or exemplary damages to any disputing party. No demand for arbitration may be made after the date when the institution of legal or equitable proceedings based on such
claim or dispute would be barred by the applicable statute of limitations. In the event either party must resort to the judicial process to enforce the provisions of this Agreement, the award of an arbitrator, or equitable relief granted by an
arbitrator, the party seeking enforcement shall be entitled to recover from the other party all costs of litigation including, but not limited to, reasonable attorney’s fees and court costs. All proceedings conducted pursuant to this agreement
to arbitrate, including any order, decision or award of the arbitrator, shall be kept confidential by all parties. Executive and the Company acknowledge and agree that a court of competent jurisdiction shall have the power to maintain the status quo
pending the arbitration of any dispute under this Article IX, and this Article IX shall not require the arbitration of an application for emergency or temporary injunctive relief by either party pending arbitration; provided, however, that
the remainder of any such dispute beyond the application for emergency or temporary injunctive relief shall be subject to arbitration under this Article IX. EXECUTIVE ACKNOWLEDGES THAT, BY SIGNING THIS AGREEMENT, EXECUTIVE IS WAIVING ANY
RIGHT THAT EXECUTIVE MAY HAVE TO A JURY TRIAL OR, EXCEPT AS EXPRESSLY PROVIDED HEREIN, A COURT TRIAL OF ANY CLAIM ALLEGED BY EXECUTIVE. 

ARTICLE X 
 CERTAIN
EXCISE TAXES 
 Notwithstanding anything to the contrary in this Agreement, if Executive is a “disqualified individualL (as defined
in section 280G(c) of the Code), and the payments and benefits provided for in this Agreement, together with any other payments and benefits which Executive has the right to receive from any Company Affiliate, would constitute a “parachute
paymentL (as defined in section 280G(b)(2) of the Code), then the payments and benefits provided for in this Agreement shall be either (a) reduced (but not below zero) so that the present value of such total amounts and benefits received by
Executive from any Company Affiliate will be one dollar ($1.00) less than three times Executive’s “base amountL (as defined in section 280G(b)(3) of the Code) and so that no portion of such amounts and benefits received by Executive shall
be subject to the excise tax imposed by Section 4999 of the Code, or (b) paid in full, whichever produces the better net after-tax position to Executive (taking into account any applicable excise tax
under Section 4999 of the Code and any other applicable taxes, including any federal, state, municipal, and local income or employment taxes, and taking into account the phase out of itemized deductions and personal exemptions). The reduction
of payments and benefits hereunder, if applicable, shall be made by reducing, first, payments or benefits to be paid in cash hereunder in the order in which such payment or benefit would be paid or provided (beginning with such payment or benefit
that would be made last in time and continuing, to the extent necessary, through to such payment or benefit that would be made first in time) and, then, reducing any benefit to be provided in-kind hereunder in
a similar order, in all instances in accordance with Section 409A. The determination as to whether any such reduction in the amount of the payments and benefits provided hereunder is necessary shall be made by the Company based on based on
calculations performed by the 

  
 14 

 
Company’s independent auditors; provided, however, that (a) no portion of Executive’s payments or benefits the receipt or enjoyment of which Executive shall have waived at such
time and in such manner as not to constitute a “paymentL within the meaning of Section 280G(b) of the Code will be taken into account, (b) no portion of Executive’s payments or benefits will be taken into account which, in the
opinion of tax counsel (“Tax CounselL) for the Company does not constitute a parachute payment (including by reason of Section 280G(b)(4)(A) of the Code), (c) in calculating the applicable excise tax under Section 4999 of the
Code, no portion of Executive’s payments or benefits will be taken into account which, in the opinion of Tax Counsel, constitutes reasonable compensation for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the
Code, in excess of the base amount that is allocable to such reasonable compensation, and (d) the value of any non-cash benefit or any deferred payment or benefit will be determined by Tax Counsel or the
Company’s independent auditor in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. At the time that payments are made under this Agreement, the Company will provide Executive with a written report from the
Company’s independent auditors setting forth the manner in which such payments were calculated and the basis for such calculations, including any opinions or other advice the Company received from Tax Counsel, the Company’s independent
auditor, or other advisors or consultants (and any such opinions or advice which are in writing will be attached to the statement). If a reduced payment or benefit is made or provided, and through error or otherwise, that payment or benefit, when
aggregated with other payments and benefits from the Company (or its affiliates) used in determining if a “parachute paymentL exists, exceeds one dollar ($1.00) less than three times Executive’s base amount, then Executive shall
immediately repay such excess to the Company or the applicable affiliate upon notification that an overpayment has been made. The fact that Executive’s right to payments or benefits may be reduced by reason of the limitations contained in this
Article X will not limit or otherwise affect any other rights of Executive under this Agreement or otherwise. All determinations required by this Article X will be made at the expense of the Company. However, nothing in this Article X shall require
any Company Affiliate to be responsible for, or have any liability or obligation with respect to, Executive’s excise tax liabilities under Section 4999 of the Code. 

ARTICLE XI 

MISCELLANEOUS 
 11.1
Notices. For purposes of this Agreement, notices and all other communications provided for herein shall be in writing and shall be deemed to have been duly given (a) when received if delivered personally or by courier, (b) on the
date receipt is acknowledged if delivered by certified mail, postage prepaid, return receipt requested, or (c) on the date of transmission, if delivered by electronic mail, as follows: 

If to Executive, addressed to: 

Executive’s last known address (or to the email address) on file with the Company 

  
 15 

 If to the Company, addressed to: 

Bullish US LLC 
 1500 Wilson Blvd

 Floor 15 
 Arlington, VA
22209 
 Attn: CLO 
 Email:
notices@bullish.com 
 or to such other address as either party may furnish to the other in writing in accordance herewith, except that notices or changes
of address shall be effective only upon receipt. 
 11.2 Applicable Law; Submission to Jurisdiction. 

(a) This Agreement is entered into under, and shall be governed for all purposes by, the laws of the State of New York, without regard to
conflicts of laws principles thereof. 
 (b) With respect to any claim or dispute related to or arising under this Agreement, the parties
hereto hereby consent to the exclusive jurisdiction, forum and venue of the state and federal courts located in the State of New York. 

11.3 No Waiver. No failure by either party hereto at any time to give notice of any breach by the other party of, or to require
compliance with, any condition or provision of this Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

11.4 Severability. If a court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable,
then the invalidity or unenforceability of that provision shall not affect the validity or enforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 

11.5 Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all
of which together will constitute one and the same Agreement. 
 11.6 Withholding of Taxes and Other Employee Deductions. The Company
may withhold from any benefits and payments made pursuant to this Agreement all federal, state, city and other taxes and withholdings as may be required pursuant to any law or governmental regulation or ruling and all other customary deductions made
with respect to the Company’s employees generally. 
 11.7 Headings. The Section headings have been inserted for purposes of
convenience and shall not be used for interpretive purposes. 
 11.8 Gender and Plurals. Wherever the context so requires, the
masculine gender includes the feminine or neuter, and the singular number includes the plural and conversely. 
 11.9 Affiliate. As
used in this Agreement, the term “affiliateL as used with respect to a particular person or entity shall mean any other person or entity which owns or controls, is owned or controlled by, or is under common ownership or control with, such
particular person or entity. 

  
 16 

 11.10 Successors; Assigns; Third Party Beneficiaries. This Agreement shall be binding
upon and inure to the benefit of the Company and any successor of the Company. In addition, the Company may assign this Agreement and Executive’s employment to any other affiliate of the Company at any time without the consent of Executive, and
any assign of the Company shall be deemed to be the Company for purposes of this Agreement. Except as provided in the foregoing sentences of this Section 11.10, this Agreement and the rights and obligations of the parties
hereunder are personal, and neither this Agreement nor any right, benefit, or obligation of either party hereto shall be subject to voluntary or involuntary assignment, alienation, or transfer, whether by operation of law or otherwise, without the
prior written consent of the other party. In addition, any payment owed to Executive hereunder after the date of Executive’s death shall be paid to Executive’s estate. Each affiliate of the Company shall be a third party beneficiary of,
and may directly enforce, Executive’s obligations under Article VI, Article VII and Article VIII. 
 11.11 Term. Termination of
this Agreement shall not affect any right or obligation of any party which is accrued or vested prior to such termination. Without limiting the scope of the preceding sentence, the provisions of Articles V, VI, VII, VIII and IX shall survive any
termination of the employment relationship and/or of this Agreement. 
 11.12 Entire Agreement. Except as provided in any signed
written agreement contemporaneously or hereafter executed by the Company and Executive, this Agreement constitutes the entire agreement of the parties with regard to the subject matter hereof, and contains all the covenants, promises,
representations, warranties and agreements between the parties with respect to employment of Executive by the Company. Without limiting the scope of the preceding sentence, all understandings and agreements preceding the date of execution of this
Agreement and relating to the subject matter hereof are hereby null and void and of no further force and effect. 
 11.13 Modification;
Waiver. Any modification to or waiver of this Agreement will be effective only if it is in writing and signed by the parties to this Agreement. 

11.14 Actions by the Board. Any and all determinations or other actions required of the Board hereunder that relate specifically to
Executive’s employment by the Company or the terms and conditions of such employment shall be made by the members of the Board other than Executive if Executive is a member of the Board, and Executive shall not have any right to vote or decide
upon any such matter. 
 11.15 Executive’s Representations and Warranties. Executive represents and warrants to the Company that
(a) Executive does not have any agreements with any prior employers or other third parties that will prohibit Executive from working for the Company or fulfilling Executive’s duties and obligations to the Company and its affiliates
pursuant to this Agreement, and (b) Executive has complied with all duties imposed on Executive with respect to Executive’s former employer, e.g., Executive does not possess any tangible property belonging to Executive’s former
employer. 
 11.16 Section 409A. The parties hereby agree that this Agreement is intended to satisfy the
requirements of Section 409A with respect to amounts, if any, subject thereto and shall be interpreted, construed, and administered consistent with such intent. Each payment made under this Agreement shall be deemed to be a separate payment for
purposes of Section 409A. 

  
 17 

 Notwithstanding any provision in this Agreement to the contrary, if Executive is a “specified employeeL
(as such term is defined in Section 409A and as determined by the Company in accordance with any method permitted under Section 409A) and any payment or benefit provided for herein would be subject to additional taxes and interest under
Section 409A if Executive’s receipt of such payment or benefit is not delayed until the Section 409A Payment Date, then such payment or benefit shall not be provided to Executive (or Executive’s estate, if applicable) until the
Section 409A Payment Date. A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment
unless such termination is also a “separation from serviceL within the meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,L “termination of employmentL or like terms
shall mean “separation from service.L Notwithstanding anything to the contrary in this Agreement or elsewhere, any payment or benefit under this Agreement or otherwise that is exempt from Section 409A pursuant to Treasury Regulations
§ 1.409A-l(b)(9)(v)(A) or (C) (relating to certain reimbursements and in-kind benefits) shall be paid or provided only to the extent that the expenses are not
incurred, or the benefits are not provided, beyond the last day of the second calendar year following the calendar year in which Executive’s “separation from serviceL occurs; and provided further that such expenses are reimbursed no later
than the last day of the third calendar year following the calendar year in which Executive’s “separation from serviceL occurs. To the extent any expense reimbursement or the provision of any in-kind
benefit is determined to be subject to Section 409A (and not exempt pursuant to the prior sentence or otherwise) (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation
or exchange for another benefit, (ii) the amount of any such expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for
reimbursement, or in-kind benefits to be provided, in any other taxable year, and (iii) such payments shall be made on or before the last day of Executive’s taxable year following the taxable year in
which the expense occurred. 
 11.17 Clawback. Notwithstanding any provisions in this Agreement to the contrary, any compensation,
payments, or benefits provided hereunder, whether in the form of cash or otherwise, shall be subject to a clawback to the extent necessary to comply with the requirements of any applicable law, including the Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010, Section 304 of the Sarbanes Oxley Act of 2002, or any regulations promulgated thereunder, or any policy adopted by the Company pursuant to any such law (whether in existence as of the Effective Date or later
adopted). 
 [Signatures begin on next page.] 

  
 18 

 IN WITNESS WHEREOF, the parties hereto have executed this Employment Agreement as of the
Execution Date. 
  

			
	BULLISH US LLC
		
	By:	 	 /s/ Andrew Bliss

		 	Name: Andrew Bliss
		 	Title: Authorized Signatory
	
	THOMAS W. FARLEY
		
	By:	 	 /s/ TW FARLEY

 [SIGNATURE PAGE TO EMPLOYMENT AGREEMENT] 

 Annex A 

 

	1.	 Global Blue Group Holding AG 

 

	2.	 Far Peak Acquisition Corp and affiliatesEX-10.15

 Exhibit 10.15 

INDEMNITY AGREEMENT 

THIS INDEMNITY AGREEMENT (this “Agreement”) is made on      , 2021, by and between
BULLISH, a Cayman Islands exempted company (the “Company”), and [] (“Indemnitee”). 

WHEREAS, highly competent persons have become more reluctant to serve as directors, officers, delegates or in other capacities
(including under the terms of intra-group company services agreements) unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of the
discharge of their function(s) relating to such corporations; 
 WHEREAS, the amended and restated memorandum and articles of
association of the Company (the “Articles”) provide for the indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification pursuant to applicable Cayman Islands law. The
Articles provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the Board of Directors of the Company (the
“Board”), officers and other persons with respect to indemnification, hold harmless, exoneration, advancement and reimbursement rights; 

WHEREAS, the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining
such persons; 
 WHEREAS, the Board has determined that the increased difficulty in attracting and retaining such persons is
detrimental to the best interests of the Company’s shareholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future; 

WHEREAS, it is reasonable, prudent and necessary for the Company contractually to obligate itself to indemnify, hold harmless,
exonerate and to advance expenses on behalf of, such persons to the fullest extent permitted by applicable law so that they will serve or continue to serve the Company free from undue concern that they will not be so protected against liabilities;

 WHEREAS, this Agreement is a supplement to and in furtherance of the Articles of the Company and any resolutions adopted pursuant
thereto, 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, director, delegate or in other capacities (including under the terms of intra-group company services agreements) without adequate protection, and the Company desires Indemnitee to serve in
such capacity. Indemnitee is willing to serve, continue to serve and to take on additional service for or with respect to the Company on the condition that he or she be so indemnified. 

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

	1.	 SERVICES WITH RESPECT TO THE COMPANY 

In consideration of the Company’s covenants and obligations hereunder, Indemnitee will serve or continue to serve as an officer, director,
advisor, key employee, delegate or in any other capacity of the Company or any Subsidiary of the Company (which may include, without limitation, the provision of services pursuant to the terms of an intra-group company services agreement), as
applicable, for so long as Indemnitee is duly elected, appointed or retained, until Indemnitee tenders his or her resignation, or until Indemnitee is removed. The foregoing notwithstanding, this Agreement shall continue in full force and effect
after Indemnitee has ceased to serve as a director, officer, delegate, advisor, key employee or in any other capacity of the Company or any Subsidiary of the Company, as provided in Section 17. This Agreement, however, shall not impose any
obligation on Indemnitee or the Company to continue Indemnitee’s service with respect to the Company or any Subsidiary of the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any. 

  
 1 

	2.	 DEFINITIONS 

As used in this Agreement: 
  

	(a)	 References to “agent” shall mean any person who is or was a director, officer,
delegate, employee, agent or fiduciary of the Company or a Subsidiary of the Company (including under the terms of an intra-company group services agreement) or other person authorized by the Company to act for the Company, to include such person
serving in such capacity as a director, officer, employee, advisor, fiduciary or other official of another company, corporation, partnership, limited liability company, joint venture, trust or other enterprise at the request of, for the convenience
of, or to represent the interests of the Company or a Subsidiary of the Company. 

  

	(b)	 “Applicable Standard” shall mean acting in a manner which would not constitute actual
fraud or wilful default, as determined by a final, non-appealable judgment of a court of competent jurisdiction. 

  

	(c)	 “Corporate Status” describes the status of a person who is or was a director, officer,
delegate, trustee, general partner, manager, managing member, fiduciary, employee or agent of the Company (including under the terms of an intra-group company services agreement) or of any other Enterprise which such person is or was providing
services with respect to the Company at the request of the Company. 

  

	(d)	 “Disinterested Director” shall mean 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” shall mean the Company, any Subsidiary of 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 its 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 providing services with respect to the Company at the request of the Company as a director, officer, trustee, general partner, manager, managing member, fiduciary,
employee or agent. 

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

  

	(g)	 “Expenses” shall include all reasonable direct and indirect costs, fees and expenses of
any type or nature whatsoever, including, without limitation, all reasonable 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 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 reasonable compensation for time spent by 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. Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

  

	(h)	 References to “fines” shall include any excise tax assessed on Indemnitee with respect
to any employee benefit plan. 

  

	(i)	 “Independent Counsel” shall mean a law firm or a member of a law firm with significant
experience in matters of corporate law and that 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. 

  
 2 

	(j)	 “Key Person” shall have the meaning given to it in Section 17.

  

	(k)	 The term “Person” shall have the meaning as set forth in Sections 13(d) and 14(d) of
the Exchange Act as in effect on the date hereof; provided, however, that “Person” shall exclude: (i) the Company; (ii) any Subsidiaries of the Company; (iii) any employment benefit plan of the Company or of a
Subsidiary of the Company or of any company or corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of shares of the Company; and (iv) any trustee or other
fiduciary holding securities under an employee benefit plan of the Company or of a Subsidiary of the Company or of a company or corporation owned directly or indirectly by the shareholders of the Company in substantially the same proportions as
their ownership of shares of the Company. 

  

	(l)	 The term “Proceeding” shall include any threatened, pending or completed action, suit,
arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil
(including intentional or unintentional tort claims), criminal, administrative or investigative or related nature, in which Indemnitee was, is, will or might be involved as a party or otherwise by reason of the fact that Indemnitee is or was a
director, officer, delegate, employee, agent or fiduciary of the Company (including under the terms of an intra-company group services agreement), 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 as a director, officer, delegate, employee, agent or fiduciary of the Company (including under the terms of an intra-company group services agreement), or by reason of the fact that he or she is or was providing
services with respect to the Company at the request of the Company as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of any other Enterprise, in each case 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. 

  

	(m)	 References to “providing services with respect to the Company at the request of the
Company” shall include (x) any service as a director, officer, delegate, employee, agent or fiduciary of the Company (including under the terms of an intra-company group services agreement) which imposes duties on, or involves
services by, such director, officer, delegate, employee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries, and (y) any service as a director, officer, delegate, employee, agent or fiduciary of a
Subsidiary of the Company (including under the terms of an intra-company group services agreement). 

  

	(n)	 The term “Subsidiary,” with respect to any Person, shall mean any company, corporation,
limited liability company, partnership, joint venture, trust or other entity of which a majority of the voting power of the voting equity securities or equity interest is owned, directly or indirectly, by that Person. 

 

	(o)	 The phrase “to the fullest extent permitted by applicable law” shall include, but not
be limited to: (a) to the fullest extent authorized or permitted by the provision of applicable Cayman Islands law that authorizes or contemplates additional indemnification by agreement, or the corresponding provision of any amendment to or
replacement of applicable Cayman Islands law, and (b) to the fullest extent authorized or permitted by any amendments to or replacements of applicable Cayman Islands law adopted after the date of this Agreement that increase the extent to which
a corporation may indemnify its officers and directors. 

  

	3.	 INDEMNITY IN THIRD-PARTY PROCEEDINGS 

To the fullest extent permitted by applicable law, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the
provisions of this Section 3 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding, other than a Proceeding by or in the right of the Company to procure a
judgment in its favor, by reason of Indemnitee’s Corporate Status. Pursuant to this Section 3, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses, judgments, liabilities, fines, penalties and amounts paid in
settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement) actually, and reasonably incurred by
Indemnitee or on his or her behalf in connection with such Proceeding or any claim, issue or matter therein, to the extent Indemnitee acted in accordance with the Applicable Standard and, in the case of a criminal Proceeding, had no reasonable cause
to believe that his or her conduct was unlawful. 

  
 3 

	4.	 INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY 

To the fullest extent permitted by applicable law, the Company shall indemnify, hold harmless and exonerate Indemnitee in accordance with the
provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor by reason
of Indemnitee’s Corporate Status. Pursuant to this Section 4, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection with such
Proceeding or any claim, issue or matter therein, to the extent Indemnitee acted in accordance with the Applicable Standard. No indemnification, hold harmless or exoneration for Expenses shall be made under this Section 4 in respect of any
claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court of competent jurisdiction to be liable to the Company, unless and only to the extent that any court in which the Proceeding was brought or the courts of the
Cayman Islands shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification, to be held harmless or to exoneration.

  

	5.	 INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL 

Notwithstanding any other provisions of this Agreement, to the extent that Indemnitee was or 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, the Company shall, to the fullest extent permitted by applicable law,
indemnify, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably incurred by him or her 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, hold harmless and exonerate Indemnitee against all Expenses actually and reasonably
incurred by him or her or on his or her behalf in connection with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company also shall, to the fullest extent permitted by applicable
law, indemnify, hold harmless and exonerate Indemnitee against all Expenses reasonably incurred in connection with a claim, issue or matter related to any claim, issue, or matter on which Indemnitee was successful. For purposes of this
Section 5 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. 

 

	6.	 INDEMNIFICATION FOR EXPENSES OF A WITNESS 

Notwithstanding any other provision of this Agreement, to the extent that Indemnitee is, by reason of his or her Corporate Status, a witness or
deponent in any Proceeding to which Indemnitee is not a party or threatened to be made a party, he or she shall, to the fullest extent permitted by applicable law, be indemnified, held harmless and exonerated against all Expenses actually and
reasonably incurred by him or her or on his or her behalf in connection therewith. 
  

	7.	 ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS 

Notwithstanding any limitation in Sections 3, 4 or 5, 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 (including a Proceeding by or in the right of the Company to procure a judgment in its favour) against all Expenses, judgments, fines,
penalties and amounts paid in settlement (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. 

  
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	8.	 CONTRIBUTION IN THE EVENT OF JOINT LIABILITY 

 

	(a)	 To the fullest extent permissible under applicable law, if the indemnification, hold harmless and/or
exoneration rights provided for in this Agreement are unavailable to Indemnitee in whole or in part for any reason whatsoever, the Company, in lieu of indemnifying, holding harmless or exonerating Indemnitee, shall pay, in the first instance, the
entire amount incurred by Indemnitee, whether for judgments, liabilities, fines, penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee to contribute to such payment,
and the Company hereby waives and relinquishes any right of contribution it may have at any time against Indemnitee. 

  

	(b)	 The Company hereby agrees to fully indemnify, hold harmless and exonerate Indemnitee from any claims for
contribution which may be brought by officers, directors or employees of the Company other than Indemnitee who may be jointly liable with Indemnitee. 

  

	9.	 EXCLUSIONS 

Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification, advance
Expenses, hold harmless or exoneration payment in connection with any claim made against Indemnitee: 
  

	(a)	 for which payment has actually been received by or on behalf of Indemnitee under any insurance policy or other
indemnity or advancement provision, except with respect to any excess beyond the amount actually received under any insurance policy, contract, agreement, other indemnity or advancement provision or otherwise; 

 

	(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 any successor rule) or similar provisions of state statutory law or common law; or 

	(c)	 except as otherwise provided in Sections 14(f) and (g) hereof, 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 Board authorized
the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, hold harmless or exoneration payment, in its sole discretion, pursuant to the powers vested in the Company under applicable
law. 

  

	10.	 ADVANCES OF EXPENSES; DEFENSE OF CLAIM 

 

	(a)	 Notwithstanding any provision of this Agreement to the contrary, and to the fullest extent not prohibited by
applicable law, the Company shall pay the Expenses incurred by Indemnitee (or reasonably expected by Indemnitee to be incurred by Indemnitee within three months) in connection with any Proceeding within ten (10) days after the receipt by the
Company of a statement or statements requesting such advances from time to time, prior to the final disposition of any Proceeding. Advances shall, to the fullest extent permitted by law, be unsecured and interest free. Advances shall, to the fullest
extent permitted by law, be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to be indemnified, held harmless or exonerated under the other provisions of this
Agreement. Advances shall include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. To
the fullest extent required by applicable law, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or on behalf of Indemnitee, to repay the advanced
amounts to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Articles, applicable law or otherwise. If it shall be determined by a final judgment
or other final adjudication that Indemnitee was not so entitled to indemnification, any advancement shall be returned to the Company (without interest) by Indemnitee. This Section 10(a) shall not apply to any claim made by Indemnitee for which
an indemnification, hold harmless or exoneration payment is excluded pursuant to Section 9, but shall apply to any Proceeding referenced in Section 9(b) prior to a final determination that Indemnitee is liable therefor.

  
 5 

	(b)	 Indemnitee shall not settle any claim or Proceeding without the prior written consent of the Company (which
consent shall not be unreasonably withheld, delayed, or conditioned), nor shall the Company (i) settle any claim or Proceeding (including a Proceeding in which the Company is jointly liable with Indemnitee) without either (x) the written
consent of the Indemnitee (which consent shall not be unreasonably withheld, conditioned or delayed), or (y) obtaining an unconditional general release from all liability arising out of the claim or Proceeding for the Indemnitee without
admission nor finding of wrongdoing as a condition of such settlement, or (ii) be liable to Indemnitee for any amounts paid in settlement of any threatened or pending Proceeding effected without the Company’s prior written consent.

  

	(c)	 The Company shall be entitled to participate in the defense of any Proceeding at its own expense and, except as
otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume the defense of any such
Proceeding, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expense subsequently directly incurred by Indemnitee in connection with Indemnitee’s defense of such Proceeding other than reasonable costs of
investigation or as otherwise provided below. Indemnitee shall have the right to employ its own legal counsel in such Proceeding, but all Expenses related to such counsel incurred after notice from the Company of its assumption of the defense shall
be at Indemnitee’s own expense; provided, however, that if (i) Indemnitee’s employment of its own legal counsel has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a conflict of
interest between Indemnitee and the Company in the defense of such Proceeding, or (iii) the Company shall not in fact have employed counsel to assume the defense of such Proceeding, then Indemnitee shall be entitled to retain its own separate
counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such Proceeding) and all Expenses related to such separate counsel shall be borne by the Company. 

 

	11.	 PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION 

 

	(a)	 Indemnitee agrees to notify promptly the Company in writing upon being served with any summons, citation,
subpoena, complaint, indictment, information or other document relating to any Proceeding, claim, issue or matter therein which may be subject to indemnification, hold harmless or exoneration rights, or advancement of Expenses covered hereunder. The
failure of Indemnitee to so notify the Company shall not relieve the Company of any obligation which it may have to Indemnitee under this Agreement, or otherwise. 

 

	(b)	 Indemnitee may deliver to the Company a written application to indemnify, hold harmless or exonerate Indemnitee
in accordance with this Agreement. Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion. Following such a written application for indemnification by Indemnitee,
Indemnitee’s entitlement to indemnification shall be determined according to Section 12(a) of this Agreement. 

  

	12.	 PROCEDURE UPON APPLICATION FOR INDEMNIFICATION 

 

	(a)	 A determination, if required by applicable law, with respect to Indemnitee’s entitlement to
indemnification shall be made in the specific case by one of the following methods, which shall be at the election of the Company: (i) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (ii) by
a committee of such directors designated by majority vote of such directors, or (iii) if there are no Disinterested Directors or if such directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be
delivered to Indemnitee. The Company promptly will advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled to indemnification, including a description of any reason or basis for which indemnification has
been denied. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such determination. Indemnitee shall reasonably 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 costs or Expenses (including reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to hold Indemnitee
harmless therefrom. 

  

  
 6 

	(b)	 In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant
to Section 12(a) hereof, the Independent Counsel shall be selected as provided in this Section 12(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board), and
Indemnitee shall give written notice to the Company advising it of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of “Independent Counsel” as
defined in Section 2 of this Agreement. If the Independent Counsel is selected by the Board, the Company shall give written notice to Indemnitee advising him or her of the identity of the Independent Counsel so selected and certifying that the
Independent Counsel so selected meets the requirements of “Independent Counsel” as defined in Section 2 of this Agreement. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days
after such written notice of selection shall have been received, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such objection may be asserted only on the ground that the
Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 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 such written objection is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such
objection is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request for indemnification pursuant to Section 11(b)
hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition the courts of the Cayman Islands for resolution of any objection which shall have been made by the Company or Indemnitee to
the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the courts of the Cayman Islands, and the person with respect to whom all objections are so resolved or the person so
appointed shall act as Independent Counsel under Section 12(a) hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14(a) of this Agreement, Independent Counsel shall be discharged and relieved of
any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing). 

  

	(c)	 The Company agrees to pay the reasonable fees and expenses of Independent Counsel and to fully indemnify and
hold harmless such Independent Counsel against any and all Expenses, claims, liabilities and damages arising out of or relating to this Agreement or its engagement pursuant hereto. 

 

	13.	 PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS 

 

	(a)	 In making a determination with respect to entitlement to indemnification hereunder, the person, persons or
entity making such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 11(b) of this Agreement, and the Company
shall have the burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the Company (including by the Disinterested
Directors or Independent 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 the Disinterested Directors or Independent 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. 

  

	(b)	 If the person, persons or entity empowered or selected under Section 12 of this Agreement to determine
whether Indemnitee is entitled to indemnification shall not have made a determination within thirty (30) 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 

  
 7 

	 	
with the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is expressly prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an additional fifteen (15) days, if the person, persons or entity making the determination with respect to entitlement to indemnification in
good faith requires such additional time for the obtaining or evaluating of documentation and/or information relating thereto. 

  

	(c)	 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 accordance with the Applicable Standard or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his or her conduct was unlawful. 

 

	(d)	 The knowledge and/or actions, or failure to act, of any other director, officer, trustee, partner, manager,
managing member, fiduciary, agent or employee of the Enterprise shall not be imputed to Indemnitee for purposes of determining the right to indemnification under this Agreement. 

 

	14.	 REMEDIES OF INDEMNITEE 

 

	(a)	 In the event that (i) a determination is made pursuant to Section 12 of this Agreement that
Indemnitee is not entitled to indemnification under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely made pursuant to Section 10 of this Agreement, (iii) no determination
of entitlement to indemnification shall have been made pursuant to Section 12(a) of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made
pursuant to Sections 5, 6, 7 or the last sentence of Section 12(a) of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) a contribution payment is not made in a timely manner pursuant
to Section 8 of this Agreement, (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or
(vii) payment to Indemnitee pursuant to any hold harmless or exoneration rights under this Agreement or otherwise is not made in accordance with this Agreement within ten (10) days after receipt by the Company of a written request
therefor, Indemnitee shall be entitled to an adjudication by the courts of the Cayman Islands to such indemnification, hold harmless, exoneration, contribution or advancement rights. Alternatively, Indemnitee, at his or her option, may seek an award
in arbitration administered by the London Court of International Arbitration (the “LCIA”) in accordance with the Arbitration Rules of LCIA for the time being in force, which rules are deemed to be incorporated by reference in this
clause. The seat of the arbitration shall be London. The Tribunal shall consist of one arbitrator. The language of the arbitration shall be English. 

  

	(b)	 In the event that a determination shall have been made pursuant to Section 12(a) of this Agreement that
Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 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 that adverse determination. 

  

	(c)	 In any judicial proceeding or arbitration commenced pursuant to this Section 14, Indemnitee shall be
presumed to be entitled to be indemnified, held harmless, exonerated and to receive advancement of Expenses under this Agreement and the Company shall have the burden of proving Indemnitee is not entitled to be indemnified, held harmless, exonerated
and to receive advancement of Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to Section 12(a) of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences
a judicial proceeding or arbitration pursuant to this Section 14, Indemnitee shall not be required to reimburse the Company for any advances pursuant to Section 10 until a final determination is made with respect to Indemnitee’s
entitlement to indemnification (as to which all rights of appeal have been exhausted or lapsed). 

  

	(d)	 If a determination shall have been made pursuant to Section 12(a) 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 14, 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. 

  
 8 

	(e)	 The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to
this Section 14 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.

  

	(f)	 The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law against all
Expenses and, if requested by Indemnitee, shall (within ten (10) days after the Company’s receipt of such written request) pay to Indemnitee, to the fullest extent permitted by applicable law, such Expenses which are incurred by Indemnitee
in connection with any judicial proceeding or arbitration brought by Indemnitee: (i) to enforce his or her rights under, or to recover damages for breach of, this Agreement or any other indemnification, hold harmless, exoneration, advancement or
contribution agreement or provision of the Articles now or hereafter in effect; or (ii) for recovery or advances under any insurance policy maintained by any person for the benefit of Indemnitee, regardless of the outcome and whether Indemnitee
ultimately is determined to be entitled to such indemnification, hold harmless or exoneration right, advancement, contribution or insurance recovery, as the case may be (unless such judicial proceeding or arbitration was not brought by Indemnitee in
good faith). 

  

	(g)	 Interest shall be paid by the Company to Indemnitee at the legal rate under Cayman Islands law for amounts
which the Company indemnifies, holds harmless or exonerates, or advances, or is obliged to indemnify, hold harmless or exonerate or advance for the period commencing with the date on which Indemnitee requests reimbursement or advancement of any
Expenses and ending with the date on which such payment is made to Indemnitee by the Company. 

  

	15.	 SECURITY 

Notwithstanding anything herein to the contrary, 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. 
  

	16.	 NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION;
PRIORITY OF OBLIGATIONS 

  

	(a)	 The rights of Indemnitee 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 Articles, any agreement, a vote of shareholders or a resolution of directors, or otherwise. 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 Proceeding (regardless of when such Proceeding is first threatened, commenced or completed) or claim, issue or matter therein arising out of, or related to, any action
taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification, hold harmless
or exoneration rights or advancement of Expenses than would be afforded currently under the Articles or this Agreement, then this Agreement (without any further action by the parties hereto) shall automatically be deemed to be amended to require
that the Company indemnifies Indemnitee to the fullest extent permitted by law. 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. 

  
 9 

	(b)	 The Articles permit the Company to purchase and maintain insurance (“Indemnification
Arrangements”) on behalf of Indemnitee against any liability asserted against him or her or incurred by or on behalf of him or in such capacity as a director or officer of the Company, or arising out of his or her status as such,
whether or not the Company would have the power to indemnify him or her against such liability under the provisions of this Agreement and the Articles. The purchase, establishment, and maintenance of any such Indemnification Arrangement shall not in
any way limit or affect the rights and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein, and the execution and delivery of this Agreement by the Company and Indemnitee shall not in any way limit or
affect the rights and obligations of the Company or the other party or parties thereto under any such Indemnification Arrangement. 

  

	(c)	 To the extent that the Company maintains an insurance policy or policies providing liability insurance for
directors, officers, delegates, trustees, partners, managers, managing members, fiduciaries, employees, or agents of the Company (including persons providing services pursuant to the terms of an intra-group company services agreement) or of any
other Enterprise which such person serves at the request of the Company, 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, officer,
trustee, partner, managers, managing member, fiduciary, employee or agent under the terms of such policy or policies. If, at the time the Company receives notice from any source of a Proceeding as to which Indemnitee is a party or a participant (as
a witness, deponent or otherwise), the Company has director and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.
The Company shall thereafter use commercially reasonable efforts 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. 

 

	(d)	 In the event of any payment under this Agreement (including without limitation, a partial payment), the
Company, to the fullest extent permitted by law, 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. No such payment by the Company shall be deemed to relieve any insurer of its obligations. 

 

	(e)	 The Company’s obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to
Indemnitee who is or was providing services with respect to the Company at the request of the Company as a director, officer, delegate, trustee, partner, manager, managing member, fiduciary, employee or agent (including under the terms of an
intra-group company services agreement) of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification, hold harmless or exoneration payments or advancement of expenses from such Enterprise.
Notwithstanding any other provision of this Agreement to the contrary, (i) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification, hold harmless, exoneration, advancement, contribution or
insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this Agreement, and (ii) the Company shall perform fully its obligations under
this Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, hold harmless, exoneration, contribution or insurance coverage rights against any person or entity other than the Company.

  

	(f)	 To the extent Indemnitee has rights to indemnification, advancement of expenses and/or insurance provided by
any other person (including, without limitation, block.one and its affiliates) (i) the Company shall be the indemnitor of first resort (i.e., that its obligations to Indemnitee are primary and any obligation of such other person, as applicable,
to advance expenses or to provide indemnification for the same expenses or liabilities incurred by Indemnitee are secondary), (ii) the Company shall be required to advance the full amount of expenses incurred by Indemnitee and shall be liable for
the full amount of all claims, liabilities, damages, losses, costs and expenses (including amounts paid in satisfaction of judgments, in compromises and settlements, as fines and penalties and legal or other costs and reasonable expenses of
investigating or defending against any claim or alleged claim) to the extent legally permitted and as required by the terms of this Agreement, the Company’s organizational documents or other agreement, without regard to any rights Indemnitee
may have against such other person, as applicable, and (iii) the Company irrevocably waives, relinquishes and releases such other person, as applicable, from any and all claims against them for contribution, subrogation or any other recovery of
any kind in respect thereof. No advancement or payment by such other person, as applicable, on behalf of Indemnitee with respect to any claim for which Indemnitee has sought indemnification from the Company shall affect the foregoing, and such other
person, as applicable, shall have a right of contribution and be subrogated to the extent of such advancement or payment to all of the rights of recovery of Indemnitee against the Company. 

  
 10 

	17.	 DURATION OF AGREEMENT 

All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as a director, officer,
trustee, partner, manager, managing member, fiduciary, employee, service provider, or agent of the Company and/or any other Subsidiary of the Company, corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which
Indemnitee serves at the request of the Company (“Key Person”) and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any rights of appeal thereto and any Proceeding
commenced by Indemnitee pursuant to Section 14 of this Agreement) by reason of his or her Corporate Status, whether or not he or she is acting in any such capacity at the time any liability or expense is incurred for which indemnification or
advancement can be provided under this Agreement. 
  

	18.	 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 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. 
  

	19.	 ENFORCEMENT AND BINDING EFFECT 

 

	(a)	 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 Key Person, and the Company acknowledges that Indemnitee is relying upon this Agreement in serving as a Key Person. 

 

	(b)	 Without limiting any of the rights of Indemnitee under the Articles 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)	 The indemnification, hold harmless, exoneration and advancement of expenses rights 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 and/or assets of the Company), shall continue as to an Indemnitee who has ceased to be a Key Person and shall inure to the benefit of Indemnitee and his or her spouse, assigns, heirs, devisees, executors and administrators and
other legal representatives. 

  

	(d)	 . In the event of an acquisition of all, substantially all or a substantial part, of the business and/or assets
of the Company (whether direct or indirect by purchase, merger, consolidation or otherwise), the Company shall use reasonable efforts to ensure that it can continue to meet its obligations hereunder and in any event, to the extent the acquirer
undertakes 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, the Company shall be expressly deemed to have met this
obligation. 

  
 11 

	(e)	 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, to the fullest extent permitted by law, enforce this
Agreement by seeking, among other things, 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, to the fullest extent permitted by law, 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 a court of competent jurisdiction, and the Company hereby waives any such requirement of such a bond or undertaking to the fullest extent permitted by law. 

 

	20.	 MODIFICATION AND WAIVER 

No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by the parties hereto. No waiver of any
of the provisions of this Agreement shall be deemed or shall constitute a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver. 
  

	21.	 NOTICES 

All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed to have been duly given
(i) if delivered by hand and receipted for by the party to whom said notice or other communication shall have been directed, or (ii) if mailed by certified or registered mail with postage prepaid, on the third (3rd) business day after the
date on which it is so mailed: 
  

	(a)	 If to Indemnitee, at the address indicated on the signature page of this Agreement, or such other address as
Indemnitee shall provide in writing to the Company. 

  

	(b)	 If to the Company, to: 

c/o Bullish HK Limited 

Level 31, The Centrium 
 60
Wyndham Street 
 Central 
 Hong
Kong 
 or to any other address as may have been furnished to Indemnitee in writing by the Company. 

 

	22.	 APPLICABLE 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
Cayman Islands. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 14(a) of this Agreement, to the fullest extent permitted by law, 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 courts of the Cayman Islands; and (b) consent to submit to the exclusive jurisdiction of the courts of the Cayman
Islands for purposes of any action or proceeding arising out of or in connection with this Agreement. 
  

	23.	 IDENTICAL COUNTERPARTS 

This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all of which
together shall constitute one and the same Agreement. Only one such counterpart signed by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement. 

  
 12 

	24.	 MISCELLANEOUS 

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. 
  

	25.	 PERIOD OF LIMITATIONS 

No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee,
Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed
released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action
such shorter period shall govern. 
  

	26.	 ADDITIONAL ACTS 

If for the validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required to the fullest
extent permitted by law, the Company undertakes to cause such act, resolution, approval or other procedure to be affected or adopted in a manner that will enable the Company to fulfill its obligations under this Agreement. 

 

	27.	 MAINTENANCE OF INSURANCE 

The Company shall use reasonable efforts to maintain in full force and effect for the benefit of Indemnitee as an insured (i) liability
insurance issued by one or more reputable insurers and having the policy amount and deductible deemed appropriate by the Board and providing in all respects coverage at least comparable to and in the same amount as that provided to the Chairman of
the Board or the Chief Executive Officer of the Company and (ii) any replacement or substitute policies issued by one or more reputable insurers providing in all respects coverage at least comparable to and in the same amount as that being
provided to the Chairman of the Board or the Chief Executive Officer of the Company. 
 [SIGNATURE PAGE FOLLOWS] 

  
 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Indemnity Agreement to be executed as a deed on the
day and year first above written. 
  

			
	BULLISH
		
	By:	 	
                     

	Name: []
	Title: Director
	
	In the presence of:
	
	  

	Witness name:
	Title:
	
	INDEMNITEE
	
	  

	Name: []
	Address: []
	
	In the presence of:
	
	  

	Witness name:
	Title:

 Signature Page to Indemnity Agreement 

  
 14

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