Document:

Exhibit 10.10

  

WAG! GROUP CO. 2022 EMPLOYEE
STOCK PURCHASE PLAN

 

1. 
Purpose. The Company, by means of the Plan, seeks to retain the services of Eligible Employees of the Company and its Designated
Companies, to secure and retain the services of new employees and to provide incentives for such persons to exert maximum efforts for
the success of the Company and its Designated Corporations, in each case by offering such Eligible Employees the opportunity to acquire
a proprietary interest in the success of the Company, or to increase such interest, by acquiring shares of Common Stock.

 

The Company intends for
the Plan to have two components: a component that is intended to qualify as an “employee stock purchase plan” under Section
423 of the Code (the “423 Component”) and a component that is not intended to qualify as an “employee stock purchase
plan” under Section 423 of the Code (the “Non-423 Component”). The provisions of the 423 Component, accordingly, will
be construed so as to extend and limit Plan participation in a uniform and nondiscriminatory basis consistent with the requirements of
Section 423 of the Code. An option to purchase shares of Common Stock under the Non-423 Component will be granted pursuant to rules,
procedures, or sub-plans adopted by the Administrator designed to achieve tax, securities laws, or other objectives for Eligible Employees
and the Company. Except as otherwise provided herein, the Non-423 Component will operate and be administered in the same manner as the
423 Component.

 

2.  Definitions.

 

(a) 
“Administrator” means the Board or any Committee designated by the Board to administer the Plan pursuant to
Section 14.

 

(b) 
“Affiliate” means any entity, other than a Subsidiary, in which the Company has an equity or other ownership
interest.

 

(c) 
“Applicable Laws” means the requirements relating to the administration of equity-based awards, including but
not limited to the related issuance of shares of Common Stock, under U.S. state corporate laws, U.S. federal and state securities laws,
the Code, any stock exchange or quotation system on which the Common Stock is listed or quoted and the applicable laws of any foreign
country or jurisdiction where options are, or will be, granted under the Plan.

 

(d) 
 “Board” means the Board of Directors of the Company.

     

(e) 
 “Change in Control” means the occurrence of any of the following events:

 

(i) 
A change in the ownership of the Company that occurs on the date that any one person, or more than one person acting as a group
(“Person”), acquires ownership of the stock of the Company that, together with the stock held by such Person, constitutes
more than fifty percent (50%) of the total voting power of the stock of the Company; provided, however, that for purposes of this subsection
if the stockholders of the Company immediately before such change in ownership continue to retain immediately after the change in ownership,
in substantially the same proportions as their ownership of shares of the Company’s voting stock immediately prior to the change
in ownership, direct or indirect beneficial ownership of fifty percent (50%) or more of the total voting power of the stock of the Company
or of the ultimate parent entity of the Company, such event shall not be considered a Change in Control under this subsection (i). For
this purpose, indirect beneficial ownership shall include, without limitation, an interest resulting from ownership of the voting securities
of one or more corporations or other business entities which own the Company, as the case may be, either directly or through one or more
subsidiary corporations or other business entities;

 

(ii) 
A change in the effective control of the Company which occurs on the date that a majority of members of the Board is replaced
during any twelve (12) month period by Directors whose appointment or election is not endorsed by a majority of the members of the Board
prior to the date of the appointment or election. For purposes of this subsection (ii), if any Person is considered to be in effective
control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Change in Control;
or

 

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(iii) 
A change in the ownership of a substantial portion of the Company’s assets which occurs on the date that any Person acquires
(or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or persons) assets
from the Company that have a total gross fair market value equal to or more than fifty percent (50%) of the total gross fair market value
of all of the assets of the Company immediately prior to such acquisition or acquisitions; provided, however, that for purposes of this
subsection (iii), the following will not constitute a change in the ownership of a substantial portion of the Company’s assets:
(A) a transfer to an entity that is controlled by the Company’s stockholders immediately after the transfer, or (B) a transfer
of assets by the Company to: (1) a stockholder of the Company (immediately before the asset transfer) in exchange for or with respect
to the Company’s stock, (2) an entity, fifty percent (50%) or more of the total value or voting power of which is owned, directly
or indirectly, by the Company, (3) a Person, that owns, directly or indirectly, fifty percent (50%) or more of the total value or voting
power of all the outstanding stock of the Company, or (4) an entity, at least fifty percent (50%) of the total value or voting power
of which is owned, directly or indirectly, by a Person described in this subsection (iii)(B)(3). For purposes of this subsection (iii),
gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without
regard to any liabilities associated with such assets.

 

For purposes of this Section
2(e), persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation,
purchase or acquisition of stock, or similar business transaction with the Company.

 

Notwithstanding the foregoing,
a transaction will not be deemed a Change in Control unless the transaction qualifies as a change in control event within the meaning
of Section 409A.

 

Further and for the avoidance
of doubt, a transaction will not constitute a Change in Control if: (i) its primary purpose is to change the jurisdiction of the Company’s
incorporation, or (ii) its primary purpose is to create a holding company that will be owned in substantially the same proportions by
the persons who held the Company’s securities immediately before such transaction.

 

(f) 
“Code” means the U.S. Internal Revenue Code of 1986, as amended. Reference to a specific section of the Code
or U.S. Treasury Regulation thereunder will include such section or regulation, any valid regulation or other official applicable guidance
promulgated under such section, and any comparable provision of any future legislation or regulation amending, supplementing or superseding
such section or regulation.

 

(g) 
“Committee” means a committee of the Board appointed in accordance with Section 14 hereof.

 

(h)  “Common
Stock” means the Company’s common stock, $0.0001 par value per share.

 

(i)  “Company”
means Wag! Group Co., a Delaware corporation, or any successor thereto.

 

(j) 
“Compensation” includes an Eligible Employee’s taxable compensation except that it excludes severance,
imputed income, and equity compensation income and other similar compensation. The Administrator, in its discretion, may, on a uniform
and nondiscriminatory basis, establish a different definition of Compensation for a subsequent Offering Period. Further, the Administrator
shall have the discretion to determine the application of this definition to Participants outside the United States.

 

(k) 
“Contributions” means the payroll deductions and other additional payments that the Company may permit to be
made by a Participant to fund the exercise of options granted pursuant to the Plan.

 

(l) 
“Designated Company” means any Subsidiary or Affiliate of the Company that has been designated by the Administrator
from time to time in its sole discretion as eligible to participate in the Plan. For purposes of the 423 Component, only the Company
and its Subsidiaries may be Designated Companies, provided, however that at any given time, a Subsidiary that is a Designated Company
under the 423 Component will not be a Designated Company under the Non-423 Component.

 

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(m)  “Director”
means a member of the Board.

 

(n) 
“Eligible Employee” means any individual who is a common law employee providing services to the Company or
a Designated Company; provided, however, that the Administrator retains the discretion to determine which Eligible Employees may participate
in an Offering pursuant to and consistent with U.S. Treasury Regulation Sections 1.423-2(a) and (e). For purposes of the Plan, the employment
relationship will be treated as continuing intact while the individual is on sick leave or other leave of absence that the Employer approves
or is legally protected under Applicable Laws with respect to the Participant’s participation in the Plan. Where the period of
leave exceeds three (3) months and the individual’s right to reemployment is not guaranteed either by statute, contract or Applicable
Laws, the employment relationship will be deemed to have terminated three (3) months and one (1) day following the commencement of such
leave. The Administrator, in its discretion, from time to time may, prior to an Enrollment Date for all options to be granted on such
Enrollment Date in an Offering, determine (for each Offering under the 423 Component, on a uniform and nondiscriminatory basis or as
otherwise permitted by U.S. Treasury Regulation Section 1.423-2) that the definition of Eligible Employee will or will not include an
individual if he or she: (i) has not completed at least two (2) years of service since his or her last hire date (or such lesser period
of time as may be determined by the Administrator in its discretion), (ii) customarily works not more than twenty (20) hours per week
(or such lesser period of time as may be determined by the Administrator in its discretion), (iii) customarily works not more than five
(5) months per calendar year (or such lesser period of time as may be determined by the Administrator in its discretion), (iv) is a highly
compensated employee within the meaning of Section 414(q) of the Code, or (v) is a highly compensated employee within the meaning of
Section 414(q) of the Code with compensation above a certain level or is an officer or subject to the disclosure requirements of Section
16(a) of the Exchange Act, provided the exclusion is applied with respect to each Offering under the 423 Component in an identical manner
to all highly compensated individuals of the Employer whose employees are participating in that Offering. Each exclusion will be applied
with respect to an Offering in a manner complying with U.S. Treasury Regulation Section 1.423- 2(e)(2)(ii). Such exclusions may be applied
with respect to an Offering under the Non-423 Component if permitted under Applicable Laws and without regard to the limitations of U.S.
Treasury Regulation Section 1.423-2. For purposes of clarity, the term “Eligible Employee” shall not include any individual
performing services for the Company or a Designated Company under an independent contractor or consulting agreement, a purchase order,
a supplier agreement, or any other agreement that the Company or a Designated Company entered into for services, regardless of any subsequent
reclassification of that individual as an employee by the Company or a Designated Company, any governmental agency, or any court.

 

(o) “Employer”
means the employer of the applicable Eligible Employee(s).

 

(p) “Enrollment
Date” means the first Trading Day of an Offering Period.

 

(q) 
“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, including the rules and regulations
promulgated thereunder.

 

(r) 
“Exercise Date” means the last Trading Day of the Purchase Period. Notwithstanding the foregoing, in the event
that an Offering Period is terminated prior to its expiration pursuant to Section 20(a), the Administrator, in its sole discretion, may
determine that any Purchase Period also terminating under such Offering Period will terminate without options being exercised on the
Exercise Date that otherwise would have occurred on the last Trading Day of such Purchase Period.

 

(s) 
“Fair Market Value” means, as of any date, the value of a share of Common Stock determined as follows:

 

(i) 
The Fair Market Value will be the closing sales price for Common Stock on the day immediately preceding the relevant date, as
quoted on any established stock exchange or national market system (including without limitation the New York Stock Exchange, Nasdaq
Global Select Market, the Nasdaq Global Market or the Nasdaq Capital Market of The Nasdaq Stock Market) on which the Common Stock is
listed on the date of determination (or the closing bid, if no sales were reported), as reported in The Wall Street Journal or
such other source as the Administrator deems reliable. If the day immediately preceding the relevant date occurs on a non-Trading Day
(i.e., a weekend or holiday), the Fair Market Value will be such price on the immediately preceding Trading Day, unless otherwise determined
by the Administrator; or

 

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(ii) 
In the absence of an established market for the Common Stock, the Fair Market Value thereof will be determined in good faith by
the Administrator.

 

The determination of fair
market value for purposes of tax withholding may be made in the Administrator’s discretion subject to Applicable Laws and is not
required to be consistent with the determination of Fair Market Value for other purposes.

 

(t) 
“New Exercise Date” means a new Exercise Date if the Administrator shortens any Offering Period then in progress.

 

(u) 
“Offering” means an offer under the Plan of an option that may be exercised during an Offering Period as further
described in Section 4. For purposes of the Plan, the Administrator may designate separate Offerings under the Plan (the terms of which
need not be identical) in which Eligible Employees of one or more Employers will participate, even if the dates of the applicable Offering
Periods of each such Offering are identical and the provisions of the Plan will separately apply to each Offering. To the extent permitted
by U.S. Treasury Regulation Section 1.423-2(a)(1), the terms of each Offering need not be identical provided that the terms of the Plan
and an Offering together satisfy U.S. Treasury Regulation Section 1.423-2(a)(2) and (a)(3).

 

(v) 
“Offering Periods” means a period beginning on such date as may be determined by the Administrator in its discretion
and ending on such Exercise Date as may be determined by the Administrator in its discretion, in each case on a uniform and nondiscriminatory
basis. The duration and timing of Offering Periods may be changed pursuant to Sections 4, 20, and 30.

 

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

 

(x)  “Participant”
means an Eligible Employee that participates in the Plan.

 

(y) 
“Plan” means this Wag! Group Co. 2022 Employee Stock Purchase Plan, as may be amended from time to time.

 

(z) 
“Purchase Period” means the period, as determined by the Administrator in its discretion on a uniform and nondiscriminatory
basis, during an Offering Period that commences on the Offering Period’s Enrollment Date and ends on the next Exercise Date, except
that if the Administrator determines that more than one Purchase Period should occur within an Offering Period, subsequent Purchase Periods
within such Offering Period commence after one Exercise Date and end with the next Exercise Date at such time or times as the Administrator
determines prior to the commencement of the Offering Period.

 

(aa) “Purchase
Price” means an amount equal to eighty-five percent (85%) of the Fair Market Value on the Enrollment Date or on the Exercise
Date, whichever is lower; provided however, that the Purchase Price may be determined for subsequent Offering Periods by the Administrator
subject to compliance with Section 423 of the Code (or any successor rule or provision or any other Applicable Law, regulation or stock
exchange rule) or pursuant to Section 20.

 

(bb) “Section
409A” means Section 409A of the Code and the regulations and guidance thereunder, as may be amended or modified from time to
time.

 

(cc) “Subsidiary”
means a “subsidiary corporation,” whether now or hereafter existing, as defined in Section 424(1) of the Code.

 

(dd) “Trading
Day” means a day that the primary stock exchange (or national market system, or other trading platform, as applicable) upon
which the Common Stock is listed is open for trading.

 

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(ee) “U.S. Treasury
Regulations” means the Treasury Regulations of the Code. Reference to a specific Treasury Regulation or Section of the Code
shall include such Treasury Regulation or Section, any valid regulation promulgated under such Section, and any comparable provision
of any future legislation or regulation amending, supplementing, or superseding such Section or regulation.

 

3. Eligibility.

 

(a) 
Generally. Any Eligible Employee on a given Enrollment Date subsequent to the first Offering Period will be eligible to
participate in the Plan, subject to the requirements of Section 5.

 

(b) 
Non-U.S. Employees. Eligible Employees who are citizens or residents of a non-U.S. jurisdiction (without regard to whether
they also are citizens or residents of the United States or resident aliens (within the meaning of Section 7701(b)(1)(A) of the Code))
may be excluded from participation in the Plan or an Offering if the participation of such Eligible Employees is prohibited under the
laws of the applicable jurisdiction or if complying with the laws of the applicable jurisdiction would cause the Plan or an Offering
to violate Section 423 of the Code. In the case of the Non-423 Component, Eligible Employees may be excluded from participation in the
Plan or an Offering if the Administrator determines that participation of such Eligible Employees is not advisable or practicable.

 

(c) 
Limitations. Any provisions of the Plan to the contrary notwithstanding, no Eligible Employee will be granted an option
under the Plan (i) to the extent that, immediately after the grant, such Eligible Employee (or any other person whose stock would be
attributed to such Eligible Employee pursuant to Section 424(d) of the Code) would own capital stock of the Company or any Parent or
Subsidiary of the Company and/or hold outstanding options to purchase such stock possessing five percent (5%) or more of the total combined
voting power or value of all classes of the capital stock of the Company or of any Parent or Subsidiary of the Company, or (ii) to the
extent that his or her rights to purchase stock under all employee stock purchase plans (as defined in Section 423 of the Code) of the
Company or any Parent or Subsidiary of the Company accrues at a rate, which exceeds twenty-five thousand dollars ($25,000) worth of stock
(determined at the fair market value of the stock at the time such option is granted) for each calendar year in which such option is
outstanding at any time, as determined in accordance with Section 423 of the Code and the regulations thereunder.

 

4. 
Offering Periods. Offering Periods will expire on the earliest to occur of (i) the completion of the purchase of Shares
on the last Exercise Date occurring within twenty-seven (27) months of the applicable Enrollment Date on which the option to purchase
Shares was granted, or (ii) such shorter period as may be established by the Administrator from time to time, in its discretion and on
a uniform and nondiscriminatory basis, prior to an Enrollment Date for all options to be granted on such Enrollment Date.

 

5. Participation.
An Eligible Employee may participate in the Plan pursuant to Section 3 by (i) submitting to the Company’s stock administration
office (or its designee) a properly completed subscription agreement authorizing Contributions in the form provided by the Administrator
for such purpose or (ii) following an electronic or other enrollment procedure determined by the Administrator, in either case on or
before a date determined by the Administrator prior to an applicable Enrollment Date.

 

6. Contributions.

 

(a) 
At the time a Participant enrolls in the Plan pursuant to Section 5, he or she will elect to have Contributions (in the form of
payroll deductions or otherwise, to the extent permitted by the Administrator) made on each pay day during the Offering Period in an
amount that the Administrator may establish from time to time, in its discretion and, with respect to options granted under the 423 Component,
on a uniform and nondiscriminatory basis for all options to be granted on any Enrollment Date. The Administrator, in its sole discretion,
may permit all Participants in a specified Offering to contribute amounts to the Plan through payment by cash, check or other means set
forth in the subscription agreement or as determined by the Administrator prior to each Exercise Date of each Purchase Period. A Participant’s
subscription agreement will remain in effect for successive Offering Periods unless terminated as provided in Section 10 hereof.

 

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(b) 
In the event Contributions are made in the form of payroll deductions, then, unless otherwise determined by the Administrator,
such payroll deductions for a Participant will commence on the first pay day following the Enrollment Date and will end on the last day
of the calendar month immediately prior to the Exercise Date of such Purchase Period and any Contributions that otherwise would be made
prior to the Exercise Date but for the preceding clause, will instead be applied to the next Purchase Period of that Offering Period
(for illustrative purposes, should a pay day occur in the same month as, and prior to, the Exercise Date of a Purchase Period with respect
to which a Participant is able to exercise an option, that Participant may make no Contributions with respect to such pay day for the
Purchase Period ending on that Exercise Date, and instead, the Contributions will apply to the next Purchase Period in that Offering
Period), unless sooner terminated by the Participant as provided in Section 10 hereof; provided, further, that for the first Offering
Period, payroll deductions will commence on the first pay day on or following the Enrollment Date.

 

(c) 
All Contributions made for a Participant will be credited to his or her account under the Plan and Contributions will be made
in whole percentages of his or her Compensation only. A Participant may not make any additional payments into such account.

 

(d)
A Participant may discontinue his or her participation in the Plan as provided under Section 10.

 

(e)
Unless otherwise determined by the Administrator:

 

(i) 
During any Purchase Period, a Participant may not increase the rate of his or her Contributions and may only decrease the rate
of his or her Contributions one (1) time and such decrease may be to a Contribution rate of zero percent (0%); and

 

(ii) 
During any Offering Period, a Participant may increase or decrease the rate of his or her Contributions to become effective as
of the beginning of the next Purchase Period occurring in such Offering Period, provided that a Participant may not increase the rate
of his or her Contributions in excess of the rate of his or her Contributions in effect as of the Enrollment Date of the applicable Offering
Period.

 

(iii) 
Any increase or decrease in a Participant’s rate of Contributions requires the Participant to (1) properly complete and
submit to the Company’s stock administration office (or its designee) a new subscription agreement authorizing the change in Contribution
rate in the form provided by the Administrator for such purpose or (2) follow an electronic or other procedure prescribed by the Administrator,
in either case, on or before a date determined by the Administrator prior to an applicable Exercise Date or, with respect to increases
or decreases in a Participant’s rate of Contributions applicable to a future Offering Period, on or before the Enrollment Date
of such Offering Period. If a Participant has not followed such procedures to change the rate of Contributions, the rate of his or her
Contributions will continue at the originally elected rate throughout the Purchase Period and future Offering Periods and Purchase Periods
(unless the Participant’s participation is terminated as provided in Sections 10 or 11). The Administrator may, in its sole discretion,
amend the nature and/or number of Contribution rate changes that may be made by Participants during any Offering Period or Purchase Period
and may establish other conditions or limitations as it deems appropriate for Plan administration. Except as otherwise provided in this
subsection (e), any change in the rate of Contributions made pursuant to this Section 6(e) will be effective as of the first (1st) full
payroll period following five (5) business days after the date on which the change is made by the Participant (unless the Administrator,
in its sole discretion, elects to process a given change in payroll deduction rate more quickly).

 

(f) 
Notwithstanding the foregoing, to the extent necessary to comply with Section 423(b)(8) of the Code and Sections 3(c), a Participant’s
Contributions may be decreased to zero percent (0%) at any time during a Purchase Period. Subject to Section 423(b)(8) of the Code and
Section 3(c) hereof, Contributions will recommence at the rate originally elected by the Participant effective as of the beginning of
the first Purchase Period scheduled to end in the following calendar year, unless terminated by the Participant as provided in Section
10.

 

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(g) 
Notwithstanding any provisions to the contrary in the Plan, the Administrator may allow Participants to participate in the Plan
via cash contributions instead of payroll deductions if (i) payroll deductions are not permitted or advisable under Applicable Laws,
(ii) the Administrator determines that cash contributions are permissible for Participants participating in the 423 Component and/or
(iii) the Participants are participating in the Non-423 Component.

 

(h) 
At the time the option is exercised, in whole or in part, or at the time some or all of the Common Stock issued under the Plan
is disposed of (or at any other time that a taxable event related to the Plan occurs), the Participant must make adequate provision for
the Company’s or Employer’s federal, state, local or any other tax liability payable to any authority including taxes imposed
by jurisdictions outside of the U.S., national insurance, social security or other tax withholding or payment on account obligations,
if any, which arise upon the exercise of the option or the disposition of the Common Stock (or any other time that a taxable event related
to the Plan occurs). At any time, the Company or the Employer may, but will not be obligated to, withhold from the Participant’s
compensation the amount necessary for the Company or the Employer to meet applicable withholding obligations, including any withholding
required to make available to the Company or the Employer any tax deductions or benefits attributable to the sale or early disposition
of Common Stock by the Eligible Employee. In addition, the Company or the Employer may, but will not be obligated to, withhold from the
proceeds of the sale of Common Stock or use any other method of withholding the Company or the Employer deems appropriate to the extent
permitted by U.S. Treasury Regulation Section 1.423- 2(f).

 

7. 
Grant of Option. On the Enrollment Date of each Offering Period, each Eligible Employee participating in such Offering
Period will be granted an option to purchase on each Exercise Date during such Offering Period (at the applicable Purchase Price) up
to a number of shares of Common Stock determined by dividing such Eligible Employee’s Contributions accumulated prior to such Exercise
Date and retained in the Eligible Employee’s account as of the Exercise Date by the applicable Purchase Price; provided that in
no event will an Eligible Employee be permitted to purchase during each Purchase Period more than a number of shares of Common Stock
determined by the Administrator prior to the applicable Offering Period (subject to any adjustment pursuant to Section 19) and provided
further that such purchase will be subject to the limitations set forth in Sections 3(c) and 13. The Eligible Employee may accept the
grant of such option (a) with respect to the first Offering Period by submitting a properly completed subscription agreement in accordance
with the requirements of Section 5 on or before the Enrollment Date, and (a)  
with respect to any subsequent Offering Period under the Plan, by electing to participate in the Plan in accordance with the requirements
of Section 5. The Administrator may, for future Offering Periods, increase or decrease, in its absolute discretion, the maximum number
of shares of Common Stock that an Eligible Employee may purchase during each Purchase Period. Exercise of the option will occur as provided
in Section 8, unless the Participant has withdrawn pursuant to Section 10. The option will expire on the last day of the Offering Period.

 

8. Exercise of Option.

 

(a) 
Unless a Participant withdraws from the Plan as provided in Section 10, his or her option for the purchase of shares of Common
Stock will be exercised automatically on each Exercise Date, and the maximum number of full shares of Common Stock subject to the option
will be purchased for such Participant at the applicable Purchase Price with the accumulated Contributions from his or her account. No
fractional shares of Common Stock will be purchased; any Contributions accumulated in a Participant’s account, which are not sufficient
to purchase a full share will be retained in the Participant’s account for the subsequent Purchase Period or Offering Period, subject
to earlier withdrawal by the Participant as provided in Section 10. Any other funds left over in a Participant’s account after
the Exercise Date will be returned to the Participant. During a Participant’s lifetime, a Participant’s option to purchase
shares of Common Stock hereunder is exercisable only by him or her.

 

(b) 
If the Administrator determines that, on a given Exercise Date, the number of shares of Common Stock with respect to which options
are to be exercised may exceed (i) the number of shares of Common Stock that were available for sale under the Plan on the Enrollment
Date of the applicable Offering Period, or (ii) the number of shares of Common Stock available for sale under the Plan on such Exercise
Date, the Administrator may in its sole discretion (x) provide that the Company will make a pro rata allocation of the shares of Common
Stock available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will be practicable and
as it will determine in its sole discretion to be equitable among all Participants exercising options to purchase Common Stock on such
Exercise Date, and continue all Offering Periods then in effect or (y) provide that the Company will make a pro rata allocation of the
shares of Common Stock available for purchase on such Enrollment Date or Exercise Date, as applicable, in as uniform a manner as will
be practicable and as it will determine in its sole discretion to be equitable among all participants exercising options to purchase
Common Stock on such Exercise Date, and terminate any or all Offering Periods then in effect pursuant to Section 20. The Company may
make a pro rata allocation of the shares of Common Stock available on the Enrollment Date of any applicable Offering Period pursuant
to the preceding sentence, notwithstanding any authorization of additional shares for issuance under the Plan by the Company’s
stockholders subsequent to such Enrollment Date.

 

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9. 
Delivery. As soon as reasonably practicable after each Exercise Date on which a purchase of shares of Common Stock occurs,
the Company will arrange the delivery to each Participant of the shares of Common Stock purchased upon exercise of his or her option
in a form determined by the Administrator (in its sole discretion) and pursuant to rules established by the Administrator. The Company
may permit or require that shares be deposited directly with a broker designated by the Company or to a designated agent of the Company,
and the Company may utilize electronic or automated methods of share transfer. The Company may require that shares of Common Stock be
retained with such broker or agent for a designated period of time and/or may establish other procedures to permit tracking of disqualifying
or other dispositions of such shares. No Participant will have any voting, dividend, or other stockholder rights with respect to shares
of Common Stock subject to any option granted under the Plan until such shares of Common Stock have been purchased and delivered to the
Participant as provided in this Section 9.

 

10. Withdrawal.

 

(a) 
A Participant may withdraw all but not less than all the Contributions credited to his or her account and not yet used to exercise
his or her option under the Plan at any time by (i) submitting to the Company’s stock administration office (or its designee) a
written notice of withdrawal in the form determined by the Administrator for such purpose, or (ii) following an electronic or other withdrawal
procedure determined by the Administrator. The Administrator may set forth a deadline of when a withdrawal must occur to be effective
prior to a given Exercise Date in accordance with policies it may approve from time to time. All of the Participant’s Contributions
credited to his or her account will be paid to such Participant as soon as administratively practicable after receipt of notice of withdrawal
and such Participant’s option for the Offering Period will be automatically terminated, and no further Contributions for the purchase
of shares of Common Stock will be made for such Offering Period. If a Participant withdraws from an Offering Period, Contributions will
not resume at the beginning of the succeeding Offering Period, unless the Participant re-enrolls in the Plan in accordance with the provisions
of Section 5.

 

(b) 
A Participant’s withdrawal from an Offering Period will not have any effect on his or her eligibility to participate in
any similar plan that may hereafter be adopted by the Company or in succeeding Offering Periods that commence after the termination of
the Offering Period from which the Participant withdraws.

 

11.  Termination
and Transfer of Employment. Upon a Participant’s ceasing to be an Eligible Employee, for any reason, he or she will be
deemed to have elected to withdraw from the Plan and the Contributions credited to such Participant’s account during the
Offering Period but not yet used to purchase shares of Common Stock under the Plan will be returned to such Participant or, in the
case of his or her death, to the person or persons entitled thereto under Section 15, and such Participant’s option will be
automatically terminated. Unless determined otherwise by the Administrator in a manner that, with respect to an Offering under the
423 Component, is permitted by, and compliant with, Code Section 423, a Participant whose employment transfers between entities
through a termination with an immediate rehire (with no break in service) by the Company or a Designated Company will not be treated
as terminated under the Plan. The Administrator may establish rules to govern transfers of employment among the Company and any
Designated Company, consistent with any applicable requirements of Section 423 of the Code and the terms of the Plan. In addition,
the Administrator may establish rules to govern transfers of employment among the Company and any Designated Company where such
companies are participating in separate Offerings under the Plan. However, if a Participant transfers from an Offering under the 423
Component to the Non-423 Component, the exercise of the option will be qualified under the 423 Component only to the extent it
complies with Section 423 of the Code; further, no Participant shall be deemed to switch from an Offering under the Non-423
Component to an Offering under the 423 Component or vice versa unless (and then only to the extent) such switch would not cause the
423 Component or any option thereunder to fail to comply with Code Section 423.

 

    F-8 

     

    

 

12. 
Interest. No interest will accrue on the Contributions of a participant in the Plan, except as may be required by Applicable
Laws, as determined by the Company, and if so required by the laws of a particular jurisdiction, will apply to all Participants in the
relevant Offering under the 423 Component, except to the extent otherwise permitted by U.S. Treasury Regulation Section 1.423-2(f).

 

13. Stock.

 

(a) 
Subject to adjustment upon changes in capitalization of the Company as provided in Section 19 hereof, the maximum number of shares
of Common Stock that will be made available for sale under the Plan will be 6,378,729 shares of Common Stock (the “Share Reserve”).
The Share Reserve will be increased on January 1st of each year for a period of ten years commencing on January 1, 2023 and ending on
(and including) January 1, 2032, in an amount equal to ten percent (10%) of the outstanding Common Stock outstanding on December 31st
of the preceding calendar year. Notwithstanding the foregoing, the Board may act prior to the first day of any calendar year to provide
that there will be no January 1st increase in the Share Reserve for such calendar year.

 

(b) 
If any option for the purchase of shares of Common Stock granted under the Plan terminates without having been exercised in full,
the shares of Common Stock not purchased under such option will again become available for issuance under the Plan. The stock purchasable
under the Plan will be shares of authorized but unissued or reacquired Common Stock, including shares repurchased by the Company on the
open market.

 

(c) 
Until the shares of Common Stock are issued (as evidenced by the appropriate entry on the books of the Company or of a duly authorized
transfer agent of the Company), a Participant will have only the rights of an unsecured creditor with respect to such shares, and no
right to vote or receive dividends or any other rights as a stockholder will exist with respect to such shares.

 

(d) 
Shares of Common Stock to be delivered to a Participant under the Plan will be registered in the name of the Participant or, if
so required under Applicable Laws, in the name of the Participant and his or her spouse.

 

14. 
Administration. The Plan will be administered by the Board or a Committee appointed by the Board, which Committee will
be constituted to comply with Applicable Laws. The Administrator will have full and exclusive discretionary authority to construe, interpret
and apply the terms of the Plan, to delegate ministerial duties to any of the Company’s employees, to designate separate Offerings
under the Plan, to designate Subsidiaries and Affiliates as participating in the 423 Component or Non-423 Component, to determine eligibility,
to adjudicate all disputed claims filed under the Plan and to establish such procedures that it deems necessary or advisable for the
administration of the Plan (including, without limitation, to adopt such rules, procedures, sub-plans, and appendices to the subscription
agreement as are necessary or appropriate to permit the participation in the Plan by employees who are foreign nationals or employed
outside the U.S., the terms of which rules, procedures, sub-plans and appendices may take precedence over other provisions of this Plan,
with the exception of Section 13(a) hereof, but unless otherwise superseded by the terms of such rules, procedures, sub-plan or appendix,
the provisions of this Plan will govern the operation of such sub-plan or appendix). Unless otherwise determined by the Administrator,
the Eligible Employees eligible to participate in each sub-plan will participate in a separate Offering under the 423 Component, or if
the terms would not qualify under the 423 Component, in the Non-423 Component, in either case unless such designation would cause the
423 Component to violate the requirements of Section 423 of the Code. Without limiting the generality of the foregoing, the Administrator
is specifically authorized to adopt rules and procedures regarding eligibility to participate, the definition of Compensation, handling
of Contributions, making of Contributions to the Plan (including, without limitation, in forms other than payroll deductions), establishment
of bank or trust accounts to hold Contributions, payment of interest, conversion of local currency, obligations to pay payroll tax, determination
of beneficiary designation requirements, withholding procedures and handling of stock certificates that vary with applicable local requirements.
The Administrator also is authorized to determine that, to the extent permitted by U.S. Treasury Regulation Section 1.423-2(f), the terms
of an option granted under the Plan or an Offering to citizens or residents of a non-U.S. jurisdiction will be less favorable than the
terms of options granted under the Plan or the same Offering to employees resident solely in the U.S. Every finding, decision, and determination
made by the Administrator will, to the full extent permitted by law, be final and binding upon all parties.

 

    F-9 

     

    

 

15.  Designation
of Beneficiary.

 

(a) 
If permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any shares of Common
Stock and cash, if any, from the Participant’s account under the Plan in the event of such Participant’s death subsequent
to an Exercise Date on which the option is exercised but prior to delivery to such Participant of such shares and cash. In addition,
if permitted by the Administrator, a Participant may file a designation of a beneficiary who is to receive any cash from the Participant’s
account under the Plan in the event of such Participant’s death prior to exercise of the option. If a Participant is married and
the designated beneficiary is not the spouse, spousal consent will be required for such designation to be effective.

 

(b) 
Such designation of beneficiary may be changed by the Participant at any time by notice in a form determined by the Administrator.
In the event of the death of a Participant and in the absence of a beneficiary validly designated under the Plan who is living at the
time of such Participant’s death, the Company will deliver such shares and/or cash to the executor or administrator of the estate
of the Participant, or if no such executor or administrator has been appointed (to the knowledge of the Company), the Company, in its
discretion, may deliver such shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if
no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate.

 

(c) 
All beneficiary designations will be in such form and manner as the Administrator may designate from time to time. Notwithstanding
Sections 15(a) and (b) above, the Company and/or the Administrator may decide not to permit such designations by Participants in non-U.S.
jurisdictions to the extent permitted by U.S. Treasury Regulation Section 1.423-2(f).

 

16. 
Transferability. Neither Contributions credited to a Participant’s account nor any rights with regard to the exercise
of an option or to receive shares of Common Stock under the Plan may be assigned, transferred, pledged or otherwise disposed of in any
way (other than by will, the laws of descent and distribution or as provided in Section 15 hereof) by the Participant. Any such attempt
at assignment, transfer, pledge or other disposition will be without effect, except that the Company may treat such act as an election
to withdraw funds from an Offering Period in accordance with Section 10 hereof.

 

17. 
Use of Funds. The Company may use all Contributions received or held by it under the Plan for any corporate purpose, and
the Company will not be obligated to segregate such Contributions except under Offerings or for Participants in the Non-423 Component
for which Applicable Laws require that Contributions to the Plan by Participants be segregated from the Company’s general corporate
funds and/or deposited with an independent third party, provided that, if such segregation or deposit with an independent third party
is required by Applicable Laws, it will apply to all Participants in the relevant Offering under the 423 Component, except to the extent
otherwise permitted by U.S. Treasury Regulation Section 1.423- 2(f). Until shares of Common Stock are issued, Participants will have
only the rights of an unsecured creditor with respect to such shares.

 

18. 
Reports. Individual accounts will be maintained for each Participant in the Plan. Statements of account will be given to
participating Eligible Employees at least annually, which statements will set forth the amounts of Contributions, the Purchase Price,
the number of shares of Common Stock purchased and the remaining cash balance, if any.

 

    F-10 

     

    

 

19.  Adjustments,
Dissolution, Liquidation, Merger, or Change in Control.

 

(a) 
Adjustments. In the event that any dividend or other distribution (whether in the form of cash, Common Stock, other securities,
or other property), recapitalization, stock split, reverse stock split, reorganization, merger, consolidation, split-up, spin-off, combination,
reclassification, repurchase, or exchange of Common Stock or other securities of the Company, or other change in the corporate structure
of the Company affecting the Common Stock occurs (other than any ordinary dividends or other ordinary distributions), the Administrator,
in order to prevent diminution or enlargement of the benefits or potential benefits intended to be made available under the Plan, will,
in such manner as it may deem equitable, adjust the number and class of Common Stock that may be delivered under the Plan, the Purchase
Price per share, the class and the number of shares of Common Stock covered by each option under the Plan that has not yet been exercised,
and the numerical limits of Sections 7 and 13.

 

(b) 
Dissolution or Liquidation. In the event of the proposed dissolution or liquidation of the Company, any Offering Period
then in progress will be shortened by setting a New Exercise Date, and will terminate immediately prior to the consummation of such proposed
dissolution or liquidation, unless provided otherwise by the Administrator. The New Exercise Date will be before the date of the Company’s
proposed dissolution or liquidation. The Administrator will notify each Participant in writing or electronically, prior to the New Exercise
Date, that the Exercise Date for the Participant’s option has been changed to the New Exercise Date and that the Participant’s
option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant has withdrawn from the Offering
Period as provided in Section 10 hereof.

 

(c) 
Merger or Change in Control. In the event of a merger or Change in Control, each outstanding option will be assumed or
an equivalent option substituted by the successor corporation or a Parent or Subsidiary of the successor corporation. In the event that
the successor corporation refuses to assume or substitute for the option, the Offering Period with respect to which such option relates
will be shortened by setting a New Exercise Date on which such Offering Period will end. The New Exercise Date will occur before the
date of the Company’s proposed merger or Change in Control. The Administrator will notify each Participant in writing or electronically
prior to the New Exercise Date, that the Exercise Date for the Participant’s option has been changed to the New Exercise Date and
that the Participant’s option will be exercised automatically on the New Exercise Date, unless prior to such date the Participant
has withdrawn from the Offering Period as provided in Section 10 hereof.

 

20.  Amendment
or Termination.

 

(a) 
The Administrator, in its sole discretion, may amend, suspend, or terminate the Plan, or any part thereof, at any time and for
any reason. If the Plan is terminated, the Administrator, in its discretion, may elect to terminate all outstanding Offering Periods
either immediately or upon completion of the purchase of shares of Common Stock on the next Exercise Date (which may be sooner than originally
scheduled, if determined by the Administrator in its discretion), or may elect to permit Offering Periods to expire in accordance with
their terms (and subject to any adjustment pursuant to Section 19). If the Offering Periods are terminated prior to expiration, all amounts
then credited to Participants’ accounts that have not been used to purchase shares of Common Stock will be returned to the Participants
(without interest thereon, except as otherwise required under Applicable Laws, as further set forth in Section 12 hereof) as soon as
administratively practicable. The foregoing will not apply to the extent any amendment is subject to stockholder approval as required
under Section 423 of the Code.

 

(b) 
Without stockholder consent and without limiting Section 20(a), the Administrator will be entitled to change the Offering Periods
or Purchase Periods, designate separate Offerings, limit the frequency and/or number of changes in the amount withheld during an Offering
Period, establish the exchange ratio applicable to amounts withheld in a currency other than U.S. dollars, permit Contributions in excess
of the amount designated by a Participant in order to adjust for delays or mistakes in the Company’s processing of properly completed
Contribution elections, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that
amounts applied toward the purchase of Common Stock for each Participant properly correspond with Contribution amounts, and establish
such other limitations or procedures as the Administrator determines in its sole discretion advisable that are consistent with the Plan.

 

    F-11 

     

    

 

(c) 
 In the event the Administrator determines that the ongoing operation of the Plan may result in unfavorable financial accounting
consequences, the Administrator may, in its discretion and, to the extent necessary or desirable, modify, amend or terminate the Plan
to reduce or eliminate such accounting consequence including, but not limited to:

 

(i) 
amending the Plan to conform with the safe harbor definition under the Financial Accounting Standards Board Accounting Standards
Codification Topic 718 (or any successor thereto), including with respect to an Offering Period underway at the time;

 

(ii) 
altering the Purchase Price for any Offering Period or Purchase Period including an Offering Period or Purchase Period underway
at the time of the change in Purchase Price;

 

(iii) 
shortening any Offering Period or Purchase Period by setting a New Exercise Date, including an Offering Period or Purchase Period
underway at the time of the Administrator action;

 

(iv) 
reducing the maximum percentage of Compensation a Participant may elect to set aside as Contributions; and

 

(v) 
reducing the maximum number of shares of Common Stock a Participant may purchase during any Offering Period or Purchase Period.

 

Such modifications or amendments will not require stockholder approval or the consent of any Participants.

 

21. 
Notices. All notices or other communications by a Participant to the Company under or in connection with the Plan will
be deemed to have been duly given when received in the form and manner specified by the Company at the location, or by the person, designated
by the Company for the receipt thereof.

 

22. 
Conditions Upon Issuance of Shares. Shares of Common Stock will not be issued with respect to an option unless the exercise
of such option and the issuance and delivery of such shares of Common Stock pursuant thereto will comply with all applicable provisions
of law, domestic or foreign, including, without limitation, the U.S. Securities Act of 1933, as amended, the Exchange Act, the rules
and regulations promulgated thereunder, and the requirements of any stock exchange upon which the shares of Common Stock may then be
listed, and will be further subject to the approval of counsel for the Company with respect to such compliance.

 

As a condition to the
exercise of an option, the Company may require the person exercising such option to represent and warrant at the time of any such exercise
that the shares are being purchased only for investment and without any present intention to sell or distribute such shares if, in the
opinion of counsel for the Company, such a representation is required by any of the aforementioned applicable provisions of law.

 

23. 
Section 409A. The 423 Component of the Plan is intended to be exempt from the application of Section 409A, and, to the
extent not exempt, is intended to comply with Section 409A and any ambiguities herein will be interpreted to so be exempt from, or comply
with, Section 409A. In furtherance of the foregoing and notwithstanding any provision in the Plan to the contrary, if the Administrator
determines that an option granted under the Plan may be subject to Section 409A or that any provision in the Plan would cause an option
under the Plan to be subject to Section 409A, the Administrator may amend the terms of the Plan and/or of an outstanding option granted
under the Plan, or take such other action the Administrator determines is necessary or appropriate, in each case, without the Participant’s
consent, to exempt any outstanding option or future option that may be granted under the Plan from or to allow any such options to comply
with Section 409A, but only to the extent any such amendments or action by the Administrator would not violate Section 409A. Notwithstanding
the foregoing, the Company and any of its Parent or Subsidiaries shall have no obligation to reimburse, indemnify, or hold harmless a
Participant or any other party if the option to purchase Common Stock under the Plan that is intended to be exempt from or compliant
with Section 409A is not so exempt or compliant or for any action taken by the Administrator with respect thereto. The Company makes
no representation that the option to purchase Common Stock under the Plan is compliant with Section 409A.

 

    F-12 

     

    

 

24. 
Term of Plan. The Plan shall come into existence upon its adoption by the Board and shall become effective on the date
of the closing of the transactions contemplated by the Business Combination Agreement by and among CHW Acquisition Corporation, CHW Merger
Sub Inc., and Wag Labs, Inc., dated as of February 2, 2022, subject to the approval of the holders of capital stock of the Company as
provided in Section 25 hereof. It will continue in effect for a term of twenty (20) years, unless sooner terminated under Section 20.

 

25. 
Stockholder Approval. The Plan will be subject to approval by the stockholders of the Company within twelve (12) months
after the date the Plan is adopted by the Board. Such stockholder approval will be obtained in the manner and to the degree required
under Applicable Laws.

 

26. 
Governing Law. The Plan will be governed by, and construed in accordance with, the laws of the State of Delaware without
regard to its conflict of law principles.

 

27. 
No Right to Employment. Participation in the Plan by a Participant will not be construed as giving a Participant the right
to be retained as an employee of the Company or a Subsidiary or Affiliate, as applicable. Furthermore, the Company or a Subsidiary or
Affiliate may dismiss a Participant from employment at any time, free from any liability or any claim under the Plan.

 

28. 
Severability. If any provision of the Plan is or becomes or is deemed to be invalid, illegal, or unenforceable for any
reason in any jurisdiction or as to any Participant, such invalidity, illegality or unenforceability will not affect the remaining parts
of the Plan, and the Plan will be construed and enforced as to such jurisdiction or Participant as if the invalid, illegal or unenforceable
provision had not been included.

 

29.  Compliance with
Applicable Laws. The terms of this Plan are intended to comply with all Applicable Laws and will be construed accordingly.

 

30. 
Automatic Transfer to Low Price Offering Period. To the extent permitted by Applicable Laws, if the Fair Market Value on
any Exercise Date in an Offering Period is lower than the Fair Market Value on the Enrollment Date of such Offering Period, then all
Participants in such Offering Period automatically will be withdrawn from such Offering Period immediately after the exercise of their
option on such Exercise Date and automatically re-enrolled in the immediately following Offering Period as of the first day thereof.

 

***

 

As adopted by the Board
of Directors of Wag! Group Co. on July 9, 2022.

 

As approved by the stockholders
of Wag! Group Co. on July 9, 2022.

 

    F-13Exhibit 10.11

 

WAG! GROUP CO.

 

FORM OF INDEMNIFICATION AGREEMENT

 

This INDEMNIFICATION AGREEMENT
(this “Agreement”) is dated as of August  , 2022 and is between Wag! Group Co., a Delaware corporation
(the “Company”), and ______________ (“Indemnitee”).

 

RECITALS

 

		A.	Indemnitee’s service to the Company substantially benefits the Company.

 

		B.	Individuals are reluctant to serve as directors or officers of corporations or in certain other capacities unless they are provided
with adequate protection through insurance or indemnification against the risks of claims and actions against them arising out of such
service.

 

		C.	Indemnitee does not regard the protection currently provided by applicable law, the Company’s governing documents and any insurance
as adequate under the present circumstances, and Indemnitee may not be willing to serve as a director or officer without additional protection.

 

		D.	In order to induce Indemnitee to continue to provide services to the Company, it is reasonable, prudent and necessary for the Company
to contractually obligate itself to indemnify, and to advance expenses on behalf of, Indemnitee as permitted by applicable law.

 

		E.	This Agreement is a supplement to and in furtherance of the indemnification provided in the Company’s certificate of incorporation
and bylaws, and any resolutions adopted pursuant thereto, and this Agreement shall not be deemed a substitute therefor, nor shall this
Agreement be deemed to limit, diminish or abrogate any rights of Indemnitee thereunder.

 

AGREEMENT

 

The parties agree as follows:

 

		1.	Definitions.

 

		(a)	“Beneficial Owner” shall have the meaning given to such term in Rule 13d-3 under the Securities Exchange
Act of 1934, as amended (the “Exchange Act”); provided, however, that “Beneficial Owner” shall exclude
any Person otherwise becoming a Beneficial Owner solely by reason of (i) the stockholders of the Company approving a merger of the
Company with another Person, or entering into tender or support agreements relating thereto, provided such merger was approved by the
Company’s board of directors, or (ii) the Company’s board of directors approving a sale of securities by the Company
to such Person.

 

		(b)	A “Change in Control” shall be deemed to occur upon the earliest to occur after the date of this Agreement
of any of the following events (provided that, the business combination contemplated by the definitive proxy statement/prospectus filed
on July 12, 2022 (File No. 333-263418) shall in no event be deemed a Change in Control):

 

		(i)	Acquisition of Stock by Third Party. Any Person (as defined below) becomes the Beneficial Owner, directly or indirectly, of
securities of the Company representing 50% or more of the combined voting power of the Company’s then outstanding securities;

 

		(ii)	Change in Board Composition. During any period of two consecutive years (not including any period prior to the execution of
this Agreement), individuals who at the beginning of such period constituted the Company’s board of directors and any Approved Directors
cease for any reason to constitute at least a majority of the members of the Company’s board of directors. “Approved
Directors” means new directors (other than a director designated by a person who has entered into an agreement with the
Company to effect a transaction described in Sections 1(b)(i), 1(b)(iii) or 1(b)(iv)) whose election or nomination by the board of
directors (or, if applicable, by the Company’s stockholders) was approved by a vote of at least two thirds of the directors then
still in office who either were directors at the beginning of such two-year period or whose election or nomination for election was previously
so approved;

 

    1 

     

    

 

		(iii)	Corporate Transactions. The effective date of a merger or consolidation of the Company with any other entity, other than a
merger or consolidation that would result in the voting securities of the Company outstanding immediately prior to such merger or consolidation
continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity) more than
50% of the combined voting power of the voting securities of the surviving entity outstanding immediately after such merger or consolidation
and with the power to elect a majority of the board of directors or other governing body of such surviving entity; or

 

		(iv)	Liquidation. The approval by the Company’s board of directors of a complete liquidation or the dissolution of the Company
or an agreement for the sale, lease or disposition by the Company of all or substantially all of the Company’s assets; or

 

		(v)	Other Events. Any other event of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A
of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated under the Exchange Act, whether or
not the Company is then subject to such reporting requirement.

 

		(c)	“Corporate Status” describes the status of a person who is or was a director, trustee, general partner,
managing member, officer, employee, agent or fiduciary of the Company or any other Enterprise.

 

		(d)	“DGCL” means the General Corporation Law of the State of Delaware.

 

		(e)	“Disinterested Director” means a director of the Company who is not and was not a party to the Proceeding
in respect of which indemnification is sought by Indemnitee.

 

		(f)	“Enterprise” means the Company and any other corporation, partnership, limited liability company, joint
venture, trust, employee benefit plan or other enterprise of which Indemnitee is or was serving at the request of the Company as a director,
trustee, general partner, managing member, officer, employee, agent or fiduciary.

 

		(g)	“Expenses” include all reasonable and actually incurred attorneys’ fees, retainers, court costs, transcript
costs, fees and costs of experts, witness fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage,
delivery service fees, and all other disbursements or expenses of the types customarily incurred in connection with prosecuting, defending,
preparing to prosecute or defend, investigating, being or preparing to be a witness in, or otherwise participating in, a Proceeding. Expenses
also include (i) Expenses incurred in connection with any appeal resulting from any Proceeding, including without limitation the
premium, security for, and other costs relating to any cost bond, supersede as bond or other appeal bond or their equivalent, and (ii) for
purposes of Section 10(d), Expenses incurred by Indemnitee in connection with the interpretation, enforcement or defense of Indemnitee’s
rights under this Agreement or under any directors’ and officers’ liability insurance policies maintained by the Company.
Expenses, however, shall not include amounts paid in settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

		(h)	“Independent Counsel” means a law firm, or a partner or member of a law firm, that is experienced in matters
of corporation law and neither presently is, nor in the past five years has been, retained to represent (i) the Company, any Enterprise
or Indemnitee in any matter material to any such party (other than as Independent Counsel with respect to matters concerning Indemnitee
under this Agreement, or 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 

     

    

 

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

 

		(j)	“Proceeding” means any threatened, pending or completed action, suit, arbitration, mediation, alternate
dispute resolution mechanism, investigation, inquiry, administrative hearing or proceeding, whether brought in the right of the Company
or otherwise and whether of a civil, criminal, administrative or investigative nature, whether formal or informal, including any appeal
therefrom and including without limitation any such Proceeding pending as of the date of this Agreement, in which Indemnitee was, is or
will be involved as a party, a potential party, a non-party witness or otherwise by reason of (i) the fact that Indemnitee is or
was a director or officer of the Company, (ii) any action taken by Indemnitee or any action or inaction on Indemnitee’s part
while acting as a director or officer of the Company, or (iii) the fact that he or she is or was serving at the request of the Company
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of the Company or 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 or advancement
of expenses can be provided under this Agreement.

 

		(k)	“to the fullest extent permitted by applicable law” means to the fullest extent permitted by all applicable
laws, including without limitation: (i) the fullest extent permitted by DGCL as of the date of this Agreement and (ii) the fullest
extent authorized or permitted by any amendments to or replacements of the DGCL adopted after the date of this Agreement that increase
the extent to which a corporation may indemnify its officers and directors.

 

		(l)	In connection with any Proceeding relating to an employee benefit plan: references to “fines” shall include
any excise taxes assessed on a person with respect to any employee benefit plan; references to “serving at the request of
the Company” shall include any service as a director, officer, employee or agent of the Company which imposes duties on,
or involves services by, such director, officer, employee or agent with respect to an employee benefit plan, its participants or beneficiaries;
and a person who acted in good faith and in a manner he or she reasonably believed to be in the best interests of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a manner “not opposed to the best interests of
the Company” as referred to in this Agreement.

 

		2.	Indemnity in Third-Party Proceedings. The Company shall indemnify Indemnitee in accordance with the provisions of this Section 2
if Indemnitee is, or is threatened to be made, a party to or witness or other participant in any Proceeding, other than a Proceeding by
or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 2, Indemnitee shall be indemnified
to the fullest extent permitted by applicable law against all Expenses, judgments, fines 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, if Indemnitee
acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interests of the Company and, with
respect to any criminal action or proceeding, had no reasonable cause to believe that his or her conduct was unlawful.

 

		3.	Indemnity in Proceedings by or in the Right of the Company. The Company shall indemnify Indemnitee in accordance with the provisions
of this Section 3 if Indemnitee is, or is threatened to be made, a party to or a witness or other participant in any Proceeding by
or in the right of the Company to procure a judgment in its favor. Pursuant to this Section 3, Indemnitee shall be indemnified
to the fullest extent permitted by applicable law against all Expenses incurred by Indemnitee or on his or her behalf in connection with
such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner he or she reasonably believed
to be in or not opposed to the best interests of the Company. No indemnification for Expenses shall be made under this Section 3
in respect of any claim, issue or matter as to which Indemnitee shall have been adjudged by a court of competent jurisdiction to be liable
to the Company, unless and only to the extent that the Delaware Court of Chancery or any court in which the Proceeding was brought 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 for such expenses as the Delaware Court of Chancery or such other court shall deem
proper.

 

    3 

     

    

 

		4.	Indemnification for Expenses of a Party Who is Wholly or Partly Successful. Notwithstanding any other provision of this Agreement,
in circumstances where indemnification is not available under Section 2 or 3, as the case may be, to the fullest extent permitted
by law and to the extent that Indemnitee is a party to, and is successful (on the merits or otherwise) in defense of, any Proceeding or
any claim, issue or matter therein, the Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee or on Indemnitee’s
behalf in connection therewith. For purposes of this Section 4, 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.

 

		5.	Exclusions. Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make
any indemnity in connection with any Proceeding (or any part of any Proceeding):

 

		(a)	for which payment has actually been made to or on behalf of Indemnitee under any statute, insurance policy, indemnity provision, vote
or otherwise, except with respect to any excess beyond the amount paid;

 

		(b)	for an accounting or disgorgement of profits pursuant to Section 16(b) of the Exchange Act, or similar provisions of federal,
state or local statutory law or common law, if Indemnitee is held liable therefor (including pursuant to any settlement arrangements);

 

		(c)	for any reimbursement of the Company by Indemnitee of any bonus or other incentive-based or equity-based compensation or of any profits
realized by Indemnitee from the sale of securities of the Company, as required in each case under the Exchange Act (including any such
reimbursements that arise from an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002
(the “Sarbanes-Oxley Act”), or the payment to the Company of profits arising from the purchase and sale by Indemnitee
of securities in violation of Section 306 of the Sarbanes-Oxley Act), if Indemnitee is held liable therefor (including pursuant to
any settlement arrangements);

 

		(d)	initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its
directors, officers, employees, agents or other indemnitees, unless (i) the Company’s board of directors authorized the Proceeding
(or the relevant part of the Proceeding) prior to its initiation, (ii) the Company provides the indemnification, in its sole discretion,
pursuant to the powers vested in the Company under applicable law, (iii) otherwise authorized in Section 10(d) or (iv) otherwise
required by applicable law; provided, for the avoidance of doubt, Indemnitee shall not be deemed for purposes of this paragraph,
to have initiated any Proceeding (or any part of a Proceeding) by reason of (i) having asserted any affirmative defenses in connection
with a claim not initiated by Indemnitee or (ii) having made any counterclaim (whether permissive or mandatory) in connection with
any claim not initiated by Indemnitee; or

 

		(e)	if prohibited by the DGCL or other applicable law.

 

		6.	Advances of Expenses. The Company shall advance the Expenses incurred by Indemnitee in connection with any Proceeding prior
to its final disposition, and such advancement shall be made as soon as reasonably practicable, but in any event no later than 30 days,
after the receipt by the Company of a written statement or statements requesting such advances from time to time (which shall include
invoices received by Indemnitee in connection with such Expenses but, in the case of invoices in connection with legal services, any references
to legal work performed or to expenditure made that would cause Indemnitee to waive any privilege accorded by applicable law shall not
be included with the invoice). Advances shall be unsecured and interest free and made without regard to Indemnitee’s ability to
repay such advances. Indemnitee hereby undertakes to repay any advance to the extent that it is ultimately determined that Indemnitee
is not entitled to be indemnified by the Company, except, with respect to advances of expenses made pursuant to Section 10(c),
in which case Indemnitee makes the undertaking provided in Section 10(c). This Section 6 shall not apply to the extent advancement
is prohibited by law and shall not apply to any Proceeding (or any part of any Proceeding) for which indemnity is not permitted under
this Agreement, but shall apply to any Proceeding (or any part of any Proceeding) referenced in Section 5(b) or 5(c) prior
to a determination that Indemnitee is not entitled to be indemnified by the Company.

 

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		7.	Procedures for Notification and Defense of Claim.

 

		(a)	Indemnitee shall notify the Company in writing of any matter with respect to which Indemnitee intends to seek indemnification or advancement
of Expenses as soon as reasonably practicable following the receipt by Indemnitee of notice thereof. The written notification to the Company
shall include, in reasonable detail, a description of the nature of the Proceeding and the facts underlying the Proceeding. The failure
by Indemnitee to notify the Company will not relieve the Company from any liability that it may have to Indemnitee hereunder or otherwise
than under this Agreement, and any delay in so notifying the Company shall not constitute a waiver by Indemnitee of any rights, except
to the extent that such failure or delay materially prejudices the Company.

 

		(b)	If, at the time of the receipt of a notice of a Proceeding pursuant to the terms hereof, the Company has directors’ and officers’
liability insurance in effect that may be applicable to the Proceeding, the Company shall give prompt notice of the commencement of the
Proceeding to the insurers in accordance with the procedures set forth in the applicable policies. The Company shall thereafter take all
commercially reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding
in accordance with the terms of such policies.

 

		(c)	In the event the Company may be obligated to make any indemnity in connection with a Proceeding, the Company shall be entitled to
assume the defense of such Proceeding with counsel approved by Indemnitee, which approval shall not be unreasonably withheld, conditioned
or delayed, upon the delivery to Indemnitee of written notice of its election to do so. After delivery of such notice, approval of such
counsel by Indemnitee and the retention of such counsel by the Company, the Company will not be liable to Indemnitee for any fees or expenses
of counsel subsequently incurred by Indemnitee with respect to the same Proceeding. Notwithstanding the Company’s assumption of
the defense of any such Proceeding, the Company shall be obligated to pay the fees and expenses of Indemnitee’s separate counsel
to the extent (i) the employment of separate counsel by Indemnitee is authorized by the Company, (ii) counsel for the Company
shall have reasonably concluded that there is a conflict of interest between the Company and Indemnitee in the conduct of any such defense
such that Indemnitee needs to be separately represented, (iii) the Company is not financially or legally able to perform its indemnification
obligations, or (iv) the Company shall not have retained, or shall not continue to retain, counsel to defend such Proceeding. Regardless
of any provision in this Agreement, Indemnitee shall have the right to employ counsel in any Proceeding at Indemnitee’s personal
expense. The Company shall not be entitled, without the consent of Indemnitee, to assume the defense of any claim brought by or in the
right of the Company.

 

		(d)	Indemnitee shall give the Company such information and cooperation in connection with the Proceeding as may be reasonably appropriate.

 

		(e)	The Company shall not be liable to indemnify Indemnitee for any settlement of any Proceeding (or any part thereof) effected without
the Company’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed. The Company acknowledges
that a settlement or other disposition short of final judgment may be successful if it permits a party to avoid expense, delay, distraction,
disruption and uncertainty. In the event that any action, claim or proceeding to which Indemnitee is a party is resolved in a settlement
to which the Company has given its prior written consent, such settlement shall be treated as a success on the merits in the settled action,
suit or proceeding.

 

		(f)	The Company shall not settle any Proceeding (or any part thereof) in a manner that imposes any penalty or liability on Indemnitee
not paid by the Company without Indemnitee’s prior written consent, which shall not be unreasonably withheld, conditioned or delayed.

 

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		8.	Procedures upon Application for Indemnification.

 

		(a)	To obtain indemnification, Indemnitee shall submit to the Company a written request, including therein or therewith such documentation
and information as is reasonably available to Indemnitee and as is reasonably necessary to determine whether and to what extent Indemnitee
is entitled to indemnification following the final disposition of the Proceeding. Any delay in providing the request will not relieve
the Company from its obligations under this Agreement, except to the extent such failure is prejudicial.

 

		(b)	Upon written request by Indemnitee for indemnification pursuant to Section 8(a), a determination with respect to Indemnitee’s
entitlement thereto shall be made as follows, provided that a Change in Control shall not have occurred: (i) by a majority vote of
the Disinterested Directors, even though less than a quorum of the Company’s board of directors; (ii) by a committee of Disinterested
Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum of the Company’s board of
directors; (iii) if there are no such Disinterested Directors or, if a majority of Disinterested Directors so direct, by Independent
Counsel in a written opinion to the Company’s board of directors, a copy of which shall be delivered to Indemnitee; or (iv) if
so directed by the Company’s board of directors, by the stockholders of the Company. If a Change in Control shall have occurred,
then a determination with respect to Indemnitee’s entitlement to indemnification shall be made by Independent Counsel in a written
opinion to the Company’s board of directors, a copy of which shall be delivered to Indemnitee. If it is determined that Indemnitee
is entitled to indemnification, payment to Indemnitee shall be made within 10 days after such determination. Indemnitee shall cooperate
with the person, persons or entity making the 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 that is not privileged or
otherwise protected from disclosure and that is reasonably available to Indemnitee and reasonably necessary to such determination. Any
costs or expenses (including attorneys’ fees and disbursements) actually and reasonably incurred by Indemnitee in so cooperating
with the person, persons or entity making such determination shall be borne by the Company, to the extent permitted by applicable law.

 

		(c)	In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 8(b),
the Independent Counsel shall be selected as provided in this Section 8(c). If a Change in Control shall not have occurred, the Independent
Counsel shall be selected by the Company’s board of directors, and the Company shall give written notice to Indemnitee advising
him or her of the identity of the Independent Counsel so selected. If a Change in Control shall have occurred, the Independent Counsel
shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Company’s board of directors,
in which event the preceding sentence shall apply), and Indemnitee shall give written notice to the Company advising it of the identity
of the Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within 10 days after
such written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection
to such selection; provided, however, that such objection may be asserted only on the ground that the Independent Counsel so selected
does not meet the requirements of “Independent Counsel” as defined in Section 1, 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 has determined that such objection is without merit. If, within 20 days after
the later of (i) submission by Indemnitee of a written request for indemnification pursuant to Section 8(a) and (ii) the
final disposition of the Proceeding, the parties have not agreed upon an Independent Counsel, either the Company or Indemnitee may petition
a court of competent jurisdiction for resolution of any objection that shall have been made by the Company or Indemnitee to the other’s
selection of Independent Counsel and for the appointment as Independent Counsel of a person selected by the court or by such other person
as the court shall designate, and the person with respect to whom all objections are so resolved or the person so appointed shall act
as Independent Counsel under Section 8(b). Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 10(a),
the Independent Counsel shall be discharged and relieved of any further responsibility in such capacity (subject to the applicable standards
of professional conduct then prevailing).

 

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

 

		9.	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, to the fullest extent not prohibited by law, presume that Indemnitee is entitled to indemnification under this Agreement, and the
Company shall, to the fullest extent not prohibited by law, have the burden of proof to overcome that presumption by clear and convincing
evidence.

 

		(b)	The termination of any Proceeding or of any claim, issue or matter therein, by judgment, order, settlement or conviction, or upon
a plea of nolo contendere or its equivalent, shall not (except as otherwise expressly provided in this Agreement) of itself adversely
affect the right of Indemnitee to indemnification or create a presumption that Indemnitee did not act in good faith and in a manner that
he or she reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding,
that Indemnitee had reasonable cause to believe that his or her conduct was unlawful.

 

		(c)	For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith to the extent Indemnitee
relied in good faith on (i) the records or books of account of the Enterprise, including financial statements, (ii) information
supplied to Indemnitee by the officers of the Enterprise in the course of their duties, (iii) the advice of legal counsel for the
Enterprise or its board of directors or counsel selected by any committee of the board of directors or (iv) information or records
given or reports made to the Enterprise by an independent certified public accountant, an appraiser, investment banker or other expert
selected with reasonable care by the Enterprise or its board of directors or any committee of the board of directors. The provisions of
this Section 9(c) shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may
be deemed to have met the applicable standard of conduct set forth in this Agreement.

 

		(d)	Neither the knowledge, actions nor failure to act of any other director, officer, agent or employee of the Enterprise shall be imputed
to Indemnitee for purposes of determining the right to indemnification under this Agreement.

 

		10.	Remedies of Indemnitee.

 

		(a)	Subject to Section 10(e), in the event that (i) a determination is made pursuant to Section 9 that Indemnitee is not
entitled to indemnification under this Agreement, (ii) advancement of Expenses is not timely made pursuant to Section 6 or 10(d),
(iii) no determination of entitlement to indemnification shall have been made pursuant to Section 8 within 30 days after the
later of the receipt by the Company of the request for indemnification or the final disposition of the Proceeding, (iv) payment of
indemnification pursuant to this Agreement is not made (A) within ten days after a determination has been made that Indemnitee is
entitled to indemnification or (B) with respect to indemnification pursuant to Sections 4, 5 and 10(d), within 30 days after receipt
by the Company of a written request therefor, or (v) the Company or any other person or entity takes or threatens to take any action
to declare this Agreement void or unenforceable, or institutes any litigation or other action or proceeding designed to deny, or to recover
from, Indemnitee the benefits provided or intended to be provided to Indemnitee hereunder, Indemnitee shall be entitled to an
adjudication by a court of competent jurisdiction of his or her entitlement to such indemnification or advancement of Expenses. Alternatively, Indemnitee,
at his or her option, may seek an award in arbitration with respect to his or her entitlement to such indemnification or advancement of
Expenses, to be conducted by a single arbitrator pursuant to the Commercial Arbitration Rules of the American Arbitration Association.
Indemnitee shall commence such proceeding seeking an adjudication or an award in arbitration within 12 months following the date on which
Indemnitee first has the right to commence such proceeding pursuant to this Section 10(a); provided, however, that the foregoing
clause shall not apply in respect of a proceeding brought by Indemnitee to enforce his or her rights under Section 4. The Company
shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration in accordance with this Agreement.

 

    7 

     

    

 

		(b)	Neither (i) the failure of the Company, its board of directors, any committee or subgroup of the board of directors, Independent
Counsel or stockholders to have made a determination that indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct, nor (ii) an actual determination by the Company, its board of directors, any committee
or subgroup of the board of directors, Independent Counsel or stockholders that Indemnitee has not met the applicable standard of
conduct, shall create a presumption that Indemnitee has or has not met the applicable standard of conduct. In the event that a determination
shall have been made pursuant to Section 8 that Indemnitee is not entitled to indemnification, any judicial proceeding or arbitration
commenced pursuant to this Section 10 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. In any judicial proceeding or arbitration commenced pursuant
to this Section 10, the Company shall, to the fullest extent not prohibited by law, have the burden of proving Indemnitee is not
entitled to indemnification or advancement of Expenses, as the case may be, and the burden of proof shall be by clear and convincing evidence.

 

		(c)	To the fullest extent not prohibited by law, the Company shall be precluded from asserting in any judicial proceeding or arbitration
commenced pursuant to this Section 10 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.
If a determination shall have been made pursuant to Section 10 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 10, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statements not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

		(d)	To the extent not prohibited by law, the Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection
with any action for indemnification or advancement of Expenses from the Company under this Agreement, any other agreement, the Company’s
certificate of incorporation or bylaws or under any directors’ and officers’ liability insurance policies maintained by the
Company to the extent Indemnitee is successful in such action, and, if requested by Indemnitee, shall (as soon as reasonably practicable,
but in any event no later than 30 days, after receipt by the Company of a written request therefor) advance such Expenses to Indemnitee,
subject to the provisions of Section 6. Indemnitee hereby undertakes to repay such advances to the extent the Indemnitee is ultimately
unsuccessful in such action or arbitration.

 

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

 

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

 

    8 

     

    

 

		12.	Non-Exclusivity. The rights of indemnification and to receive advancement of Expenses as provided by this Agreement shall not
be deemed exclusive of any other rights to which Indemnitee may at any time be entitled under applicable law, the Company’s certificate
of incorporation or bylaws, any agreement, a vote of stockholders or a resolution of directors, or otherwise. To the extent that a change
in Delaware law, whether by statute or judicial decision, permits greater indemnification or advancement of Expenses than would be afforded
currently under the Company’s certificate of incorporation and bylaws and this Agreement, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change, subject to the restrictions expressly set
forth herein or therein. Except as expressly set forth herein, 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. Except as expressly set forth herein, 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.

 

		13.	Primary Responsibility. The Company acknowledges that to the extent Indemnitee is serving as a director on the Company’s
board of directors at the request or direction of a private equity or venture capital fund or other entity and/or certain of its affiliates
(collectively, the “Secondary Indemnitors”), Indemnitee may have certain rights to indemnification and
advancement of expenses provided by such Secondary Indemnitors. The Company agrees that, as between the Company and the Secondary Indemnitors,
the Company is primarily responsible for amounts required to be indemnified or advanced under the Company’s certificate of incorporation
or bylaws or this Agreement and any obligation of the Secondary Indemnitors to provide indemnification or advancement for the same amounts
is secondary to those Company obligations. To the extent not in contravention of any insurance policy or policies providing liability
or other insurance for the Company or any director, trustee, general partner, managing member, officer, employee, agent or fiduciary of
the Company or any other Enterprise, the Company waives any right of contribution or subrogation against the Secondary Indemnitors with
respect to the liabilities for which the Company is primarily responsible under this Section 13. In the event of any payment by the
Secondary Indemnitors of amounts otherwise required to be indemnified or advanced by the Company under the Company’s certificate
of incorporation or bylaws or this Agreement, the Secondary Indemnitors shall be subrogated to the extent of such payment to all of the
rights of recovery of Indemnitee for indemnification or advancement of expenses under the Company’s certificate of incorporation
or bylaws or this Agreement or, to the extent such subrogation is unavailable and contribution is found to be the applicable remedy, shall
have a right of contribution with respect to the amounts paid. The Secondary Indemnitors are express third-party beneficiaries of the
terms of this Section 13.

 

		14.	No Duplication of Payments. Subject to Section 13, the Company shall not be liable under this Agreement to make any payment
of amounts otherwise indemnifiable hereunder (or for which advancement is provided hereunder) if and to the extent that Indemnitee has
otherwise actually received payment for such amounts under any insurance policy, contract, agreement or otherwise.

 

		15.	Insurance. To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors,
trustees, general partners, managing members, officers, employees, agents or fiduciaries of the Company or any other Enterprise, Indemnitee
shall be covered by such policy or policies to the same extent as the most favorably-insured persons under such policy or policies in
a comparable position.

 

		16.	Subrogation. Subject to Section 13, in the event of any payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and take all action
necessary to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce
such rights.

 

		17.	Services to the Company. Indemnitee agrees to serve as a director or officer of the Company or, at the request of the Company,
as a director, trustee, general partner, managing member, officer, employee, agent or fiduciary of another Enterprise, for so long as
Indemnitee is duly elected or appointed or until Indemnitee tenders his or her resignation or is removed from such position. Indemnitee
may at any time and for any reason resign from such position (subject to any other contractual obligation or any obligation imposed by
operation of law), in which event the Company shall have no obligation under this Agreement to continue Indemnitee in such position. This
Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any Enterprise) and Indemnitee.
Indemnitee specifically acknowledges that any employment with the Company (or any of its subsidiaries or any Enterprise) is at will, and
Indemnitee may be discharged at any time for any reason, with or without cause, with or without notice, except as may be otherwise expressly
provided in any executed, written employment contract between Indemnitee and the Company (or any of its subsidiaries or any Enterprise),
any existing formal severance policies adopted by the Company’s board of directors or, with respect to service as a director or
officer of the Company, the Company’s certificate of incorporation or bylaws or the DGCL. No such document shall be subject to any
oral modification thereof.

 

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		18.	Duration. All agreements and obligations of the Company contained herein will continue during the period Indemnitee is an Agent
of the Company (or is or was serving at the request of the Company as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise) and will continue thereafter so long as Indemnitee will be subject to any proceeding by reason
of his or her corporate status as an Agent, whether or not he or she is acting or serving in any such capacity at the time any liability
or expense is incurred for which indemnification can be provided under this Agreement. This Agreement will be binding on and inure to
the benefit of and be enforceable by the parties of this Agreement and their respective successors (including any direct or indirect successor
by purchase, merger, consolidation, or otherwise to all or substantially all of the business or assets of the Company), assigns, spouses,
heirs, executors, and personal and legal representatives.

 

		19.	Successors. This Agreement shall be binding upon the Company and its successors and assigns, including any direct or indirect
successor, by purchase, merger, consolidation or otherwise, to all or substantially all of the business or assets of the Company, and
shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. Further, the Company shall require
and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise) to all or substantially all of the
business or assets of the Company, by written agreement, expressly to assume and agree to perform this Agreement in the same manner and
to the same extent that the Company would be required to perform if no such succession had taken place.

 

		20.	Severability. Nothing in this Agreement is intended to require or shall be construed as requiring the Company to do or fail
to do any act in violation of applicable law. The Company’s inability, pursuant to court order or other applicable law, to perform
its obligations under this Agreement shall not constitute a breach of this Agreement. If any provision or provisions of this Agreement
shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (i) the validity, legality and enforceability of
the remaining provisions of this Agreement (including without limitation, each portion of any section 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; (ii) 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 (iii) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of
any section 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.

 

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

 

		22.	Entire Agreement. 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; provided, however, that this Agreement is a supplement to and in furtherance of the Company’s
certificate of incorporation and bylaws and applicable law.

 

		23.	Modification and Waiver. No supplement, modification or amendment to this Agreement shall be binding unless executed in writing
by the parties hereto. No amendment, alteration or repeal of this Agreement shall adversely affect any right of Indemnitee under this
Agreement in respect of any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration
or repeal. No waiver of any of the provisions of this Agreement shall constitute or be deemed a waiver of any other provision of this
Agreement nor shall any waiver constitute a continuing waiver.

 

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		24.	Notices. All notices and other communications required or permitted hereunder shall be in writing and shall be mailed by registered
or certified mail, postage prepaid, sent by facsimile or electronic mail or otherwise delivered by hand, messenger or courier service
addressed:

 

		(a)	if to Indemnitee, to Indemnitee’s address, facsimile number or electronic mail address as shown on the signature page of
this Agreement or in the Company’s records, as may be updated in accordance with the provisions hereof; or

 

		(b)	if to the Company, to Wag! Group Co., 55 Francisco Street, Suite 360, San Francisco, California 94133, Attention: General Counsel,
or at such other current address as the Company shall have furnished to Indemnitee, with a copy to Cleary Gottlieb Steen & Hamilton
LLP, One Liberty Plaza, New York, New York 10006, Attention: Adam J. Brenneman and Charles W. Allen.

 

Each such notice or other communication shall for all purposes of this
Agreement be treated as effective or having been given (i) if delivered by hand, messenger or courier service, when delivered (or
if sent via a nationally-recognized overnight courier service, freight prepaid, specifying next-business-day delivery, one business
day after deposit with the courier), or (ii) if sent via mail, at the earlier of its receipt or five days after the same has been
deposited in a regularly-maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid, or (iii) if
sent via facsimile, upon confirmation of facsimile transfer or, if sent via electronic mail, upon confirmation of delivery when directed
to the relevant electronic mail address, if sent during normal business hours of the recipient, or if not sent during normal business
hours of the recipient, then on the recipient’s next business day.

 

		25.	Applicable Law and Consent to Jurisdiction. This Agreement shall be governed by, and construed and enforced in accordance with,
the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee
pursuant to Section 10(a), the Company and Indemnitee hereby irrevocably and unconditionally (i) agree that any action or proceeding
arising out of or in connection with this Agreement shall be brought only in the Delaware Court of Chancery, and not in any other state
or federal court in the United States of America or any court in any other country, (ii) consent to submit to the exclusive jurisdiction
of the Delaware Court of Chancery for purposes of any action or proceeding arising out of or in connection with this Agreement, (iii) appoint,
to the extent such party is not otherwise subject to service of process in the State of Delaware, The Corporation Trust Company, Wilmington,
Delaware as its agent in the State of Delaware as such party’s agent for acceptance of legal process in connection with any such
action or proceeding against such party with the same legal force and validity as if served upon such party personally within the State
of Delaware, (iv) waive any objection to the laying of venue of any such action or proceeding in the Delaware Court of Chancery,
and (v) waive, and agree not to plead or to make, any claim that any such action or proceeding brought in the Delaware Court of Chancery
has been brought in an improper or inconvenient forum.

 

		26.	Counterparts. This Agreement may be executed in two 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. This Agreement may also be executed and delivered
by facsimile signature and in 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.

 

		27.	Captions. 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.

 

(signature page follows)

 

    11 

     

    

 

The parties are signing this Indemnification Agreement as of the date
stated in the introductory sentence.

 

	 	WAG! GROUP CO.

 

	 	By:	 
	 	 	 
	 	Name:	Garrett Smallwood
	 	 	 
	 	Title:	Chief Executive Officer

 

	 	 	 
	 	
    [INDEMNITEE NAME]

	 	 
	 	By:	 
	 	 
	 	Address:	           
	 	 	 

 

[Signature
page to Indemnification Agreement]

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