Document:

EX-10.1

 Exhibit 10.1 

INDEMNIFICATION AGREEMENT 
 This
Indemnification Agreement (“Agreement”) is made and entered into as of October         , 2022 (the “Effective Date”) by and between [....] (Company Registration
No. [●]) (the “Company”) and INSERT NAME (the “Indemnitee”). 
 WHEREAS Indemnitee is a INSERT TITLE and a
director or officer of the Company; and 
 WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and other claims being
asserted against directors and officers and that highly competent persons have become more reluctant to serve corporations as directors and officers or in other capacities unless they are provided with adequate protection through insurance or
adequate indemnification against inordinate risks of claims and actions against them arising out of their service to, and activities on behalf of, companies; and 

WHEREAS, the board of directors of the Company (the “Board”) has determined that enhancing the ability of the Company to retain as
directors and officers the most capable persons is in the best interests of the Company and that the Company therefore should seek to assure such persons that indemnification and insurance coverage is available; and 

WHEREAS, in recognition of the need to provide Indemnitee with substantial protection against personal liability, in order to procure Indemnitee’s
continued service to the Company and to enhance Indemnitee’s ability to serve the Company in an effective manner, and in order to provide such protection pursuant to express contract rights (intended to be enforceable irrespective of, among
other things, any amendment to the Constitution (as defined below), any change in the composition of the Board or any change in control or business combination transaction relating to the Company), the Company wishes to provide in this Agreement for
the indemnification of, and the advancement of Expenses (as defined below) to, Indemnitee as set forth in this Agreement and to the extent insurance is maintained for the continued coverage of Indemnitee under the Company’s directors’ and
officers’ liability insurance policies. 
 NOW, THEREFORE, in consideration of the foregoing and the Indemnitee’s agreement to continue to
provide services to the Company, the parties agree as follows: 
 1.       Definitions. For purposes of this
Agreement, the following terms shall have the following meanings: 
 (a) “Agreement” has the meaning set forth in the
preamble; 
 (b) “Board” has the meaning set forth in the preamble; 

(c) “Constitution” means the constitution of the Company, as amended from time to time. 

(d) “Claim” means: 
  

	 	(i)	 any threatened, pending or completed action, proceeding or alternative dispute resolution mechanism, whether
civil, criminal, administrative, arbitrative, investigative or other, and whether made under federal, state, provincial, foreign or other law; or 

  

	 	(ii)	 any inquiry, hearing or investigation that the Indemnitee determines might lead to the institution of any such
action, proceeding or alternative dispute resolution mechanism. 

 (e) “Company” has the meaning set forth
in the preamble. 
 (f) “Court” means a court of competent jurisdiction. 

(g) “Entity” means a corporation, firm, partnership, joint venture, estate, trust, business association, organization,
governmental entity or other entity. 

  
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 (h) “Expenses” means any and all reasonable expenses, including
counsel’s and experts’ fees, court costs, transcript costs, travel expenses, duplicating, printing and binding costs, telephone charges and all other costs and expenses incurred in connection with investigating, defending, being a witness
in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. Expenses also shall include (i) Expenses incurred in connection with any appeal resulting from any Claim, including the bond,
security for and other costs relating to any security required to be posted for any appeal or its equivalent, and (ii) for purposes of Section 5 only, Expenses incurred by Indemnitee in connection with the interpretation, enforcement or
defense of Indemnitee’s rights under this Agreement, by litigation or otherwise. Expenses, however, shall not include (1) fines in criminal proceedings; (2) sums payable to a regulatory authority by way of a penalty in respect of non-compliance with any requirement of a regulatory nature (however arising); (3) liabilities incurred by the Indemnitee in defending criminal proceedings in which he or she is convicted; (4) liabilities
incurred by the Indemnitee in defending civil proceedings brought by the Company or a related company (as defined in the Companies Act 1967 of Singapore) in which judgment is given against him/her; (5) liabilities incurred by the Indemnitee in
connection with an application for relief under Sections 76A(13) or 391 of the Companies Act 1967 of Singapore, in which the court refuses to grant him/her relief; and (6) such other amounts paid in settlement by Indemnitee or the amount of
judgements or fines against Indemnitee. 
 (i) “Expense Advance” means any payment of Expenses advanced to Indemnitee by the
Company under Section 4 or Section 5. 
 (j) “Indemnifiable Event” means any event or occurrence, whether
occurring before, on or after the date of this Agreement, related to the fact that Indemnitee is or was a director, officer, employee or agent of the Company or any subsidiary or affiliated entity of the Company, or is or was serving at the request
of the Company as a director, officer or in a similar capacity or performing the functions of such without a formal appointment or election for the Company or for any other Entity or by reason of an action or inaction by Indemnitee in any such
capacity (whether or not serving in such capacity at the time any Loss is incurred for which indemnification can be provided under this Agreement). 

(k) “Indemnitee” has the meaning set forth in the preamble. 

(l) “Independent Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporate law and
neither presently performs, nor in the past five years has performed, services for either: (i) the Company or Indemnitee (other than in connection with matters concerning Indemnitee under this Agreement or for other indemnitees under similar
agreements) or (ii) any other party to the Claim giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing, the term “Independent Counsel” shall not include any Person who, under the applicable rules 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. 

(m) “Losses” means any and all Expenses, damages, losses, liabilities, judgments, fines, penalties (whether civil, criminal or
other), goods and services or taxes, amounts paid or payable in settlement, including any interest, assessments, any federal, state, local or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement and
all other charges paid or payable in connection with investigating, defending, being a witness in or participating in (including on appeal), or preparing to defend, be a witness or participate in, any Claim. 

(n) “Notification Date” has the meaning set forth in Section 9(c). 

(o) “Other Indemnity Provisions” has the meaning set forth in Section 13. 

(p) “Person” means any individual or Entity. 

(q) “Standard of Conduct Determination” shall have the meaning set forth in Section 9(b). 

  
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 2.       Services to the Company. This Agreement shall not be
deemed an employment agreement between the Company (or any of its subsidiaries or affiliated Entities or any other Entities) and Indemnitee. Indemnitee specifically acknowledges that his/her employment with or service to, as applicable, the Company
or any of its subsidiaries, affiliated entities or Entities is set out in a written employment agreement between Indemnitee and the Company (or any of its subsidiaries or affiliated Entities or any other Entities), or, with respect to service as a
director or officer of the Company, by the Constitution or applicable law. This Agreement shall continue in force after Indemnitee has ceased to serve as a director, officer of the Company or performing the functions of such without a formal
election or appointment or, at the request of the Company, of any of its subsidiaries, affiliated entities or Entities, as provided in Section 12 provided always that the Parties’ obligations under such Agreement shall only be in respect
of Indemnifiable Events occurring prior to Indemnitee’s cessation as a director or officer of the Company. 

3.       Indemnification. Subject to Section 9 and Section 10, the Company shall indemnify Indemnitee, to
the fullest extent permitted by applicable laws in effect on the date hereof, or as such laws may from time to time hereafter be amended to increase the scope of such permitted indemnification, against any and all Losses if Indemnitee was or is or
becomes a party to or participant in, or is threatened to be made a party to or participant in and any Claim by reason of or arising in part out of an Indemnifiable Event, including Claims brought by or in the right of the Company, Claims brought by
third parties, and Claims in which Indemnitee is solely a witness if Indemnitee acted in good faith and in a manner that Indemnitee reasonably believed to be in or not opposed to the best interests of the Company; provided, however, if applicable
law so provides, no indemnification against such Expenses shall be made in respect of any Claim, issue or matter in such proceeding as to which Indemnitee shall have been adjudged to be liable to the Company unless and to the extent that the court
of applicable jurisdiction shall determine that such indemnification may be made. 
 4.       Advancement of
Expenses. Indemnitee shall, subject to restrictions and requirements under the applicable sections of the Companies Act 1967 of Singapore, have the right to advancement by the Company, before the final disposition of any Claim by final
adjudication to which there are no further rights of appeal, of any and all Expenses actually and reasonably paid or incurred by Indemnitee in connection with any Claim arising out of an Indemnifiable Event, except as set forth in Clause 10. Without
limiting the generality or effect of the foregoing, within (30) days after any request by Indemnitee, the Company shall, in accordance with such request, (a) pay such Expenses on behalf of Indemnitee, (b) advance to Indemnitee funds
in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such Expenses. In connection with any request for Expense Advances, Indemnitee shall not be required to provide any documentation or information to the extent that
the provision thereof would undermine or otherwise jeopardize attorney-client or litigation privilege. Indemnitee shall repay any amounts paid, advanced or reimbursed by the Company for such Expenses to the extent that it is ultimately determined,
following the final disposition of such Claim, that Indemnitee is not entitled to indemnification hereunder. Indemnitee shall reimburse such amounts within 30 days after the request therefor by the Company. Indemnitee’s obligation to reimburse
the Company for Expense Advances shall be effective without the need for Indemnitee to execute any further documents or instruments. Such obligation shall be unsecured and, if timely paid, no interest shall be charged thereon. 

5.       Indemnification for Expenses in Enforcing Rights. To the fullest extent allowable under applicable law, the
Company shall also indemnify against, and, if requested by Indemnitee, shall promptly advance to Indemnitee, subject to and in accordance with Section 4, any Expenses actually and reasonably required to be paid, paid, or incurred by Indemnitee
in connection with any action or proceeding by Indemnitee for (a) indemnification or reimbursement or advance payment of Expenses by the Company under any provision of this Agreement, or under any other agreement or provision of the
Constitution now or hereafter in effect relating to Claims relating to Indemnifiable Events, and (b) recovery under any directors’ and officers’ liability insurance policies maintained by the Company, regardless of whether Indemnitee
ultimately is determined to be entitled to such indemnification or insurance recovery, as the case may be. However, to the extent Indemnitee is ultimately determined not to be entitled to such indemnification or insurance recovery, as the case may
be, then all amounts advanced under this Section 5 shall be repaid. Indemnitee shall be required to reimburse the Company if a final judicial determination is made that such action brought by Indemnitee was frivolous or not made in good faith.

 6.       Partial Indemnity. If Indemnitee is entitled under any provision of this Agreement to indemnification
by the Company for a portion of any Losses with respect to a Claim related to an Indemnifiable Event but not for the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion thereof to which Indemnitee is entitled.

  
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 7.       Notification and Defense of Claims. 

(a) Notification. Indemnitee shall notify the Company in writing as soon as practicable of any Claim which could relate to an
Indemnifiable Event or for which Indemnitee could seek Expense Advances, including a brief description (based upon information then available to Indemnitee) of the nature of, and the facts underlying, such Claim. The failure by Indemnitee to notify
the Company hereunder on a timely basis shall not relieve the Company from any liability hereunder unless the Company’s ability to participate in the defense of such claim was materially and adversely affected by such failure. If at the time of
the receipt of such notice, the Company has directors’ and officers’ liability insurance in effect under which coverage for Claims related to Indemnifiable Events is potentially available, the Company shall give prompt written notice to
the applicable insurers in accordance with the procedures set forth in the applicable policies. The Company shall provide to Indemnitee a copy of such notice delivered to the applicable insurers, and copies of all subsequent correspondence between
the Company and such insurers regarding the Claim, in each case substantially concurrently with the delivery or receipt thereof by the Company. 

(b) Defense of Claims. The Company shall be entitled to participate in the defense of any Claim relating to an Indemnifiable Event at
its own expense and, except as otherwise provided below, to the extent the Company so wishes, it may assume the defense thereof with counsel reasonably satisfactory to Indemnitee. After notice from the Company to Indemnitee of its election to assume
the defense of any such Claim, the Company shall not be liable to Indemnitee under this Agreement or otherwise for any Expenses subsequently directly incurred by Indemnitee in connection with Indemnitee’s defense of such Claim other than
reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ his/her own legal counsel in such Claim, but all Expenses related to such counsel incurred after notice from the Company of its assumption of
the defense shall be at Indemnitee’s own expense; provided that, if (i) Indemnitee’s employment of his/her own legal counsel has been authorized by the Company, (ii) Indemnitee has reasonably determined that there may be a
conflict of interest between Indemnitee and the Company in the defense of such Claim, or (iii) the Company shall not in fact have employed counsel to assume the defense of such Claim, or (iv) after a Change in Control, Indemnitee’s
employment of its own counsel has been approved by the Independent Counsel, then Indemnitee shall be entitled to retain his/her own separate counsel (but not more than one law firm plus, if applicable, local counsel in respect of any such Claim) and
all Expenses related to such separate counsel shall be borne by the Company. 
 8.       Procedure upon Application
for Indemnification. 
 (a) To obtain indemnification under this Agreement, Indemnitee shall submit to the Company a written request
therefor, including in such request such documentation and information as is reasonably available to Indemnitee and is reasonably necessary to determine whether and to what extent Indemnitee is entitled to indemnification, provided that
documentation and information need not be so provided to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client or litigation privilege. Indemnification shall be made insofar as the Company determines
Indemnitee is entitled to indemnification in accordance with this Agreement. 
 (b) Notwithstanding the foregoing, in the event Indemnitee
and Company do not agree on whether Indemnitee is entitled to indemnification under this Agreement, Indemnitee and Company shall submit the dispute to binding arbitration before a single arbitrator agreeable to both, or if Indemnitee and Company
cannot agree, then an arbitrator shall be appointed by the Singapore International Arbitration Centre. Judgment upon the arbitrator’s award shall be final and binding and may be entered in any court of competent jurisdiction. The arbitration
proceeding and all allegations and matters discussed therein shall remain strictly confidential. Despite the agreement to arbitrate, Indemnitee and Company each have the right in a proper case to seek temporary restraining orders and temporary or
preliminary injunctive relief from a court of competent jurisdiction; provided, however, that the party hereunder seeking relief must contemporaneously submit its dispute for arbitration on the merits as provided in this Section. 

  
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 9.       Determination of Right to Indemnification. 

(a) Mandatory Indemnification; Indemnification as a Witness. 
  

	 	(i)	 To the extent that Indemnitee shall have been successful on the merits or otherwise in defense of any Claim
relating to an Indemnifiable Event or any portion thereof or in defense of any issue or matter therein, including, without limitation, dismissal without prejudice, Indemnitee shall be indemnified against all Losses relating to such Claim in
accordance with Section 3 to the fullest extent allowable by law, and no Standard of Conduct Determination (as defined in Section 9(b) shall be required.  

 

	 	(ii)	 To the extent that Indemnitee’s involvement in a Claim relating to an Indemnifiable Event is to prepare to
serve and serve as a witness, and not as a party, the Indemnitee shall be indemnified against all Losses incurred in connection therewith to the fullest extent allowable by law and no Standard of Conduct Determination (as defined in
Section 9(b)) shall be required. 

 (b) Standard of Conduct. To the extent that the provisions of Sections 9(a)
are inapplicable to a Claim related to an Indemnifiable Event that shall have been fully disposed of, any determination of whether Indemnitee has satisfied any applicable standard of conduct under applicable laws that is a legally required condition
to indemnification of Indemnitee hereunder against Losses relating to such Claim and any determination that Expense Advances must be repaid to the Company (a “Standard of Conduct Determination”) shall be made as follows: 

“(i) if no Change in Control has occurred, (A) by a majority vote of the Disinterested Directors, even if less than a quorum of the
Board, (B) by a committee of Disinterested Directors designated by a majority vote of the Disinterested Directors, even though less than a quorum or (C) if there are no such Disinterested Directors, by Independent Counsel in a written
opinion addressed to the Board, a copy of which shall be delivered to Indemnitee; and 
 (ii) if a Change in Control shall have occurred,
(A) if the Indemnitee so requests in writing, by a majority vote of the Disinterested Directors, even if less than a quorum of the Board or (B) otherwise, by Independent Counsel, subject to the reasonable approval of the Board, in a
written opinion addressed to the Board, a copy of which shall be delivered to Indemnitee.” 
 The Company shall indemnify and hold
harmless Indemnitee against and, if requested by Indemnitee, shall reimburse Indemnitee for, or advance to Indemnitee, within 30 days of such request, any, and all, Expenses incurred by Indemnitee in cooperating with the Person or Persons making
such Standard of Conduct Determination. 
 (c) Making the Standard of Conduct Determination. The Company shall use its reasonable best
efforts to cause any Standard of Conduct Determination required under Section 9(b) to be made as promptly as practicable. If the Person or Persons designated to make the Standard of Conduct Determination under Section 9(b) shall not have
made a determination within thirty (30) days after the later of (i) receipt by the Company of a written request from Indemnitee for indemnification under Section 8 (the date of such receipt being the “Notification
Date”) and (ii) the selection of an Independent Counsel, if such determination is to be made by Independent Counsel, then Indemnitee shall be deemed to have satisfied the applicable standard of conduct; provided that such 30-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if the Person or Persons making such determination in good faith requires such additional time to obtain or
evaluate information relating thereto. Notwithstanding anything in this Agreement to the contrary, no determination as to entitlement of Indemnitee to indemnification under this Agreement shall be required to be made before the final disposition of
any Claim. 
 (d) Payment of Indemnification. If, with regards to any Losses: 

 

	 	(i)	 Indemnitee shall be entitled to indemnification under Section 9(a); 

  
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	 	(ii)	 no Standard Conduct Determination is legally required as a condition to indemnification of Indemnitee
hereunder; or 

  

	 	(iii)	 Indemnitee has been determined or deemed under Section 9(b) or Section 9(c) to have satisfied the
Standard of Conduct Determination, 

 then the Company shall pay to Indemnitee, within 30 days after the later of
(A) the Notification Date or (B) the earliest date on which the applicable criterion specified in Section 9(d)(i), (ii) or (iii) is satisfied, an amount equal to such Losses. 

(e) Selection of Independent Counsel for Standard of Conduct Determination. If a Standard of Conduct Determination is to be made by
Independent Counsel under Section 9(b), the Independent Counsel shall be selected by the Board and the Company shall give written notice to Indemnitee advising him/her of the identity of the Independent Counsel so selected. The Indemnitee, may,
within five (5) days after receiving written notice of selection from the Company, deliver to the Company a written objection to such selection; provided that such objection may be asserted only on the ground that the Independent Counsel
so selected does not satisfy the criteria set forth in the definition of “Independent Counsel” in Section 1(l), 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 properly and timely made and substantiated, (i) 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; and (ii) the non-objecting party may, at its option, select an alternative Independent Counsel and give written
notice to the other party advising such other party of the identity of the alternative Independent Counsel so selected, in which case the provisions of the two immediately preceding sentences, the introductory clause of this sentence and
Section 9(e)(i) shall apply to such subsequent selection and notice. If applicable, the provisions of Section 9(e)(ii) shall apply to successive alternative selections. If no Independent Counsel that is permitted under the foregoing
provisions of this Section 9(e) to make the Standard of Conduct Determination shall have been selected within twenty (20) days after the Company gives its initial notice under the first sentence of this Section 9(e) or Indemnitee
gives his/her initial notice under the second sentence of this Section 9(e), as the case may be, either the Company or Indemnitee may apply to the Court to resolve any objection which shall have been made by the Company or Indemnitee to the
selection of Independent Counsel or to appoint as Independent Counsel a Person to be selected by the Court or 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 will act as Independent Counsel. In all events, the Company shall pay all the fees, disbursements and charges of the Independent Counsel incurred in connection with the Independent Counsel’s determination under Section 9(b). 

(f) Presumptions and Defenses. 
  

	 	(i)	 Indemnitee’s Entitlement to Indemnification. In making any Standard of Conduct Determination, the
Person making such determination shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled to indemnification, and the Company shall have the burden of proof to overcome that presumption and establish that
Indemnitee is not so entitled. Any Standard of Conduct Determination that is adverse to Indemnitee may be challenged by the Indemnitee in Court. No determination by the Company (including by its directors or any Independent Counsel) that Indemnitee
has not satisfied any applicable standard of conduct may be used as a defense to any legal proceedings brought by Indemnitee to secure indemnification or reimbursement or advance payment of Expenses by the Company hereunder or create a presumption
that Indemnitee has not met any applicable standard of conduct. 

  
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	 	(ii)	 Good Faith Reliance as a Safe Harbour. For purposes of this Agreement, and without creating any
presumption as to a lack of good faith if the following circumstances do not exist, Indemnitee shall be deemed to have acted in honesty and in good faith with a view to the best interests of the Company (or, as the case may be, to the best interests
of the other Entity for which the Indemnitee acted as a director or officer or in a similar capacity at the Company’s request) if Indemnitee’s actions or omissions to act are taken in good faith reliance upon the records of the Company
(or, as the case may be, the other Entity), including its financial statements, or upon information, opinions, reports or statements furnished to Indemnitee by the officers, directors or authorized agents or employees of the Company or any of its
subsidiaries or affiliated Entities or other Entities in the course of their duties, or by committees of the Board or by any other Person (including legal counsel, accountants and financial advisors) as to matters that Indemnitee in good faith
reasonably believes are within such other Person’s professional or expert competence and who has been selected with reasonable care by or on behalf of the Company. Also, the knowledge and or actions, or failures to act, of any director,
officer, agent or employee of the Company shall not be imputed to Indemnitee for purposes of determining the right to indemnity hereunder. 

  

	 	(iii)	 No Other Presumptions. For purposes of this Agreement, the termination of any Claim by judgment, order,
settlement (whether with or without Court approval) or conviction will not create a presumption that Indemnitee did not meet any applicable standard of conduct or have any particular belief, or that indemnification hereunder is otherwise not
permitted unless the Indemnitee was judged by a Court or other competent authority to have committed any fault or omitted to do anything that the Indemnitee ought to have done. 

 

	 	(iv)	 Defense to Indemnification and Burden of Proof. It shall be a defense to any action brought by
Indemnitee against the Company to enforce this Agreement (other than an action brought to enforce a claim for Losses incurred in defending against a Claim related to an Indemnifiable Event in advance of its final disposition) that it is not
permissible under applicable law for the Company to indemnify Indemnitee for the amount claimed. In connection with any such action or any related Standard of Conduct Determination, the burden of proving such a defense or that the Indemnitee did not
satisfy the applicable standard of conduct shall be on the Company. 

  

	 	(v)	 Resolution of Claims. The Company acknowledges that a settlement or other disposition short of final
judgment may be successful on the merits or otherwise for purposes of Section 9(a)[(i)] if it permits a party to avoid expense, delay, distraction, disruption or uncertainty. If any Claim relating to an Indemnifiable Event to which Indemnitee
is a party is resolved in any manner other than by a judgment by a Court or other competent authority that the Indemnitee committed any fault or omitted to do anything that the Indemnitee ought to have done (including, without limitation, settlement
of such action, claim or proceeding with or without payment of money or other consideration), it shall be presumed that Indemnitee was not judged by a Court or other competent authority to have committed any fault or omitted to do anything that the
Indemnitee ought to have done otherwise for purposes of Section 9(a)[(i)]. The Company shall have the burden of proof to overcome this presumption. 

10.     Exclusions from Indemnification. Notwithstanding anything in this Agreement to the contrary, the Company shall not be
obligated to: 
 (a) indemnify or advance funds to Indemnitee for Expenses or Losses with respect to proceedings initiated by Indemnitee,
including any proceedings against the Company or its directors, officers, employees or other indemnitees and not by way of defense, except: 
  

	 	(i)	 in respect of proceedings referred to in Section 5 (unless a Court determines that each of the material
assertions made by Indemnitee in such proceeding was not made in good faith or was frivolous); or 

  
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	 	(ii)	 where the Company has joined in, or the Board (or the shareholder(s) in accordance with the provisions of a
unanimous shareholder agreement) has consented to, the initiation of such proceedings; 

 (b) indemnify Indemnitee if a
final decision by a Court determines that such indemnification is prohibited by applicable law; 
 (c) indemnify or advance funds to
Indemnitee for Indemnitee’s reimbursement to the Company of any bonus or other incentive-based or equity-based compensation previously received by Indemnitee or payment 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 under Section 304 of the Sarbanes-Oxley Act of 2002 in connection with an accounting restatement of the Company or the payment to the Company of profits
arising from the purchase or sale by Indemnitee of securities in violation of Section 306 of the Sarbanes-Oxley Act); 
 (d) indemnify
Indemnitee for any Losses incurred as a result of Indemnitee’s negligence, default, breach of duty or breach of trust in relation to the Company or willful misconduct; or 

(e) indemnify Indemnitee to the extent the Company is not permitted to do so under applicable laws. 

11.     Settlement of Claims. The Company shall not be liable to Indemnitee under this Agreement for any amounts paid in
settlement of any threatened or pending Claim related to an Indemnifiable Event made without the Company’s prior written consent, which shall not be unreasonably withheld or delayed. The Company shall not settle any Claim related to an
Indemnifiable Event in any manner that would impose any Losses on the Indemnitee without the Indemnitee’s prior written consent. 

12.     Duration. All agreements and obligations of the Company contained herein shall continue during the period that
Indemnitee is a director or officer (of performing the functions of an officer without a formal appointment) of the Company (or is serving at the request of the Company as a director, officer, employee, member, trustee or agent of another Entity)
and shall continue thereafter (a) so long as Indemnitee may be subject to any possible Claim relating to an Indemnifiable Event (including any rights of appeal thereto) and (b) throughout the pendency of any proceeding (including any
rights of appeal thereto) commenced by Indemnitee to enforce or interpret his/her rights under this Agreement, even if, in either case, he/she may have ceased to serve in such capacity at the time of any such Claim or proceeding. 

13.     Non-Exclusivity. The rights of Indemnitee hereunder will be in addition to any
other rights Indemnitee may have under the Constitution, applicable law, or any other contract or otherwise (collectively, “Other Indemnity Provisions”); provided that to the extent that (a) Indemnitee otherwise would
have any greater right to indemnification under any Other Indemnity Provision, Indemnitee will be deemed to have such greater right hereunder and (b) to the extent that any change is made to any Other Indemnity Provision which permits any
greater right to indemnification than that provided under this Agreement as of the date hereof, Indemnitee will be deemed to have such greater right hereunder. 

14.     Liability Insurance. The Company shall from time to time make the good faith determination whether or not it is
practicable for the Company to obtain and maintain a policy or policies of insurance providing the officers and directors of the Company with coverage for losses incurred in connection with their services to the Company or to ensure the
Company’s performance of its indemnification obligations under this Agreement. To the extent the Company maintains an insurance policy or policies providing directors’ and officers’ liability insurance, Indemnitee shall be covered by
such policy or policies, in accordance with its or their terms, to the maximum extent of the coverage available for any of the Company’s directors or officers, as applicable. Upon reasonable request, the Company will provide to Indemnitee
copies of all directors’ and officers’ liability insurance applications, binders, policies, declarations and endorsements. 

15.     No Duplication of Payments. The Company shall not be liable under this Agreement to make any payment to Indemnitee in
respect of any Losses to the extent Indemnitee has otherwise received payment under any insurance policy, the Constitution, Other Indemnity Provisions or otherwise of the amounts otherwise indemnifiable by the Company hereunder. 

  
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 16.     Subrogation. In the event of payment to Indemnitee under this
Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee. Indemnitee shall execute all documents required and shall do everything that may be necessary to secure such rights, including
the execution of such documents necessary to enable the Company to effectively bring suit to enforce such rights. 

17.     Amendments. No supplement, modification or amendment of this Agreement shall be binding unless executed in writing by
both of the parties hereto. No waiver of any of the provisions of this Agreement shall be binding unless in the form of a writing signed by the party against whom enforcement of the waiver is sought, and no such waiver shall operate as a waiver of
any other provisions hereof (whether or not similar), nor shall such waiver constitute a continuing waiver. Except as specifically provided herein, no failure to exercise or any delay in exercising any right or remedy hereunder shall constitute a
waiver thereof. 
 18.     Binding Effect. This Agreement shall be binding upon and inure to the benefit of and be
enforceable by the parties hereto and their respective successors (including any direct or indirect successor by purchase, amalgamation, arrangement or otherwise to all or substantially all the property of the Company), assigns, spouses, heirs and
personal and legal representatives. The Company shall require and cause any successor (whether direct or indirect by purchase, amalgamation, arrangement or otherwise) to all or substantially all of the property of the Company, by written agreement
in form and substance satisfactory to Indemnitee, 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. 

19.     Severability. The provisions of this Agreement shall be severable if any of the provisions hereof (including any
portion thereof) are held by a Court to be invalid, illegal, void or otherwise unenforceable, and the remaining provisions shall remain enforceable to the fullest extent permitted by law. 

20.     Notices. All notices, requests, demands and other communications hereunder shall be in writing and shall be deemed to
have been duly given if delivered (i) by hand, against receipt, (ii) mailed, by postage prepaid, certified or registered mail, or (iii) by e-mail: 

(a) if to Indemnitee, to the address set forth on the signature page hereto. 

(b) if to the Company, to: [●] 

Attn: [●] 

[Address] 

[Email] 
 Notice of change of
address shall be effective only when given in accordance with this Section 20. All notices complying with this Section 20 shall be deemed to have been received on the date of hand delivery or on the third business day after mailing. 

21.     Contribution. To the fullest extent permissible under applicable law in effect on the date hereof or as such law may
from time to time hereafter be amended to increase the scope of such permitted or required indemnification, if the indemnification provided for in this Agreement is unavailable to Indemnitee for any reason whatsoever, the Company, in lieu of
indemnifying Indemnitee, shall contribute to the payment of any and all Claims and Losses related to an Indemnifiable Event, in such proportion as it believes is fair and reasonable in light of all of the circumstances in order to reflect
(a) the relative benefits received by the Company and Indemnitee as a result of the event(s) and/or transaction(s) giving cause to such Claim or Loss and/or (b) the relative fault of the Company (and its other directors, officers,
employees and agents) and Indemnitee in connection with such event(s) and/or transaction(s); provided that such contribution shall not be required where it is determined, pursuant to a final disposition of such Claim or Loss in accordance with
Section 9, that Indemnitee is not entitled to indemnification by the Company with respect to such Claim or Loss. 

  
 9 

 22.     Governing Law and Forum Selection. This Agreement shall be governed
by and construed in accordance with the laws of Singapore. Any action or proceeding arising out of or relating to this Agreement (other than arbitration pursuant to Section 8) shall be instituted in the Singapore courts, and each party
irrevocably submits to the exclusive jurisdiction of the Singapore courts for purposes of any such action or proceeding. 

23.     Headings. The headings of the sections and 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 or interpretation thereof. 

24.     Counterparts. This Agreement may be executed in one or more counterparts, each of which shall for all purposes be
deemed to be an original, but all of which together shall constitute one and the same Agreement. 
 25.     Interpretation.
For purposes of this Agreement, (a) the words “include”, “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive;
(c) the words “herein”, “hereof”, “hereby”, “hereto” and “hereunder” refer to this Agreement as a whole; (d) whenever the singular is used herein, the same shall include the plural, and
whenever the plural is used herein, the same shall include the singular, where appropriate; and (e) whenever the masculine is used herein, the same shall include the feminine, and whenever the feminine is used herein, the same shall include the
masculine, where appropriate. Unless the context otherwise requires, references herein: (x) to sections, schedules and exhibits mean the sections of, and schedules and exhibits attached to, this Agreement; (y) to an agreement, instrument
or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof; and (z) to a statute means such statute as amended from time to time
and includes any successor legislation thereto and any regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument
or causing any instrument to be drafted. The exhibit referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if it was set forth verbatim herein. 

[SIGNATURE PAGE FOLLOWS] 

  
 10 

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

 

			
	[...]
		
	By:	 	              

	Name:	 	            
	Title:	 	            

 
			
	
	INDEMNITEE
	
	              

	Name:	 	INSERT NAME
	Address:	 	INSERT ADDRESS

  
 11EX-10.3

 Exhibit 10.3 

Portions of this exhibit have been omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K on the basis that the
registrant customarily and actually treats that information as private or confidential and the omitted information is not material. Information that has been omitted has been noted in this document with a placeholder identified by the mark
“[***]”. 
 SOCIALIST REPUBLIC OF VIETNAM 

Independence – Freedom – Happiness 

—-o0o-— 

IN-PRINCIPLE ASSET SALE AGREEMENT 

(No.: VF-OT-20210011) 

 

	 	•	 	 Pursuant to the Civil Law No. 91/2015/QH13 adopted by the National Assembly of the Socialist Republic of
Vietnam on November 24, 2015 and its guiding documents;; 

  

	 	•	 	 Pursuant to the Commercial Law No. 36/2005/QH11 adopted by the National Assembly of the Socialist Republic of
Vietnam on June 14, 2005 and its guiding documents; 

  

	 	•	 	 Pursuant to the the Law on Enterprise No. 59/2020/QH14 adopted by the National Assembly of the Socialist
Republic of Vietnam on June 17, 2020 and its guiding documents; 

  

	 	•	 	 Pursuant to the actual needs, 

This In-Principle Asset Sale Agreement (“Agreement”) is made on December 30, 2021 by and
between: 
 VINES ENERGY SOLUTION JOINT STOCK COMPANY (hereinafter referred to as “Party A”) 

Enterprise code No.: [***] 
 Address: Symphony Office Building,
Chu Huy Man Street, Vinhomes Riverside Ecological Urban Area, Phuc Loi Ward, Long Bien District, Ha Noi City, Vietnam 
 Legal representative: [***] 

Title: [***] 
 VINFAST TRADING AND PRODUCTION LIMITED
LIABILITY COMPANY (hereinafter referred to as “Party B”) 
 Enterprise code No.: [***] 

Address: Dinh Vu – Cat Hai economic zone, Cat Hai Island, Cat Hai Town, Cat Hai District, Hai Phong City, Vietnam 

Legal representative: [***] 
 Title: [***] 

  
 1 

 (Party A và Party B are collectively referred to as the “Parties” or “Two
Parties” and individually a “Party”) 
 After agreement, the Parties consent to sign this Agreement with the following specfic
terms: 
 ARTICLE 1: AGREEMENT CONTENT 
  

	1.1	 Party B agrees to sell and Party A agrees to purchase assets pursuant to the lists, including but not limited
to assets under the battery production project, as provided in Appendix I of this Agreement. 

  

	1.2	 Within the scope of this Agreement, Two Parties will continue to sign Sale Agreements or Purchase Orders (in
writing, by phone and by email) for each specific batch of goods. Details of goods, quantity, price, delivery, payment method and other terms (if any) will be clearly provided in the corresponding Sale Agreements, Purchase Orders (hereinafter
collectively referred to as “Purchase Order”). 

 ARTICLE 2: ASSETS HANDOVER 

 

	2.1	 Conditions for handover of assets: Party B will handover assets to Party A after: Party A completes the
necessary legal procedures to implement the battery production investment project. 

  

	2.2	 Handover date: Pursuant to agreement in the specific Purchase Order. 

 

	2.3	 Place of handover: Pursuant to agreement in the specific Purchase Order . 

 

	2.4	 The handover of assets shall be completed only when the representatives of Two Parties sign and confirm the
Assets handover minute. 

 ARTICLE 3: TIME OF ESTABLISHING OWNERSHIP AND TRANSFER OF RISK IN RESPECT OF ASSETS 

 

	3.1	 Asset ownership under each specific Purchaser Order shall only be transferred from Party B to Party A after
Party B issues invoice for Part A and Party B signs the receipt through the Assets handover minutes. 

  

	3.2	 The time of risk transfer in respect of assets is when the assets are handed over to Party A pursuant to
Article 2 of this Agreement. 

 ARTICLE 4: AGREEMENT VALUE AND PAYMENT METHOD 

 

	4.1	 The Agreement’s value shall be based on actual asset formation costs incurred [***] and specified in each
Purchase Order signed by the Two Parties. 

  

	4.2	 Payment method 

  
 2 

 Unless otherwise specified in the Purchase Order, within [***] working days from the date of completion of
the handover of assets, Party B shall send Party A the payment documents including: 
  

	 	•	 	 The original of the Payment request; 

 

	 	•	 	 Original VAT invoice; 

  

	 	•	 	 A copy of the Assets handover minutes certified by both Parties. 

Within [***] working days from the date of receipt of valid payment documents, Party A shall pay Party B the amount to be paid according to the payment
documents, by bank transfer to the bank account having the following information: 
 Beneficiary Name: [***] 

Account name: [***] 
 Bank name:
[***]                                        
         Branch: [***] 
 ARTICLE 5: RIGHTS AND OBLIGATIONS OF THE PARTIES 

 

	5.1	 Rights and obligations of Party A: 

 

	 	•	 	 Receive the assets as provided in Article 2 of this Agreement; 

 

	 	•	 	 Transport the assets from place of handover by means of transportation arranged by Party A and at Party A’s
expense; 

  

	 	•	 	 Pay in full and on schedule to Party B as provided in Article 4 of this Agreement. 

 

	5.2	 Rights and Obligations of Party B: 

 

	 	•	 	 Deliver the assets and records, documents related to the assets (if any) to Party A as provided Article 2 of this
Agreement; 

  

	 	•	 	 Receive payment from Party A according to the provisions of this Agreement. 

ARTICLE 6: PENALTY FOR BREACH OF CONTRACT 
  

	6.1	 Party B shall ensure the delivery of assets to Party A on time in accordance with the Agreement or each
specific Purchase Order, depending on the case of delay in asset formation as committed in Article 5.2 or delay in each specific Purchase Order. In case Party B delays to deliver the assets on schedule (but not due to force majeure events and not
due to Party A’s fault), Party B shall be subject to a penalty of [***] of the [***] for each day of delay, but the total delay shall not be more than [***] days. The total penalty value shall not exceed [***] of the [***].

  

	6.2	 In case Party A delays in payment for Party B, Party A shall be subject to a penalty of [***] of the due value
for payment of the Purchase Order for each day of late payment, the delay time shall not be more than [***] days. If Party A has not paid Party B for more than [***] days, Party B will have the right to recover the assets until Party B receives
payment from Party A. 

  
 3 

 ARTICLE 7: DURATION AND TERMINATION OF AGREEMENT 

 

	7.1	 Agreement Duration 

This Agreement takes effect from agreement date until the end of December 31, 2022 and may be automatically renewed many times, each extension has a
period of [***] unless a Party sends to the other Party a notice for not renewing the Agreement within [***] days before the expiry date of the Agreement. 
  

	7.2	 Termination of Agreement 

 

	 	•	 	 The Agreement is expired and a Party sends a notice not to renew the Agreement; 

 

	 	•	 	 All assets provided in the Agreement have been completely handed oveer between the Parties;

  

	 	•	 	 One of the Parties ceases business, is unable to pay due debts, falls into a state of insolvency or is considered
insolvent, decides to dissolve or goes bankrupt. In this case, the Agreement will terminate in a manner agreed upon by the Parties and/or in accordance with the provisions of applicable laws; or 

 

	 	•	 	 Liquidation of Agreement: When there is a need to liquidate the Agreement, Two Parties shall conduct a
cross-check, complete payment of fees. After Two Parties fulfill their obligations, they will sign a Minute of liquidation of Agreement. 

ARTICLE 8: APPLICABLE LAW AND DISPUTE SETTLEMENT 
 This
Agreement is interpreted and governed by the laws of the Socialist Republic of Vietnam. In case a dispute arises, the parties shall jointly discuss and settle in the spirit of goodwill and conciliation, ensuring the respect for the legitimate rights
and interests of Parties. Disputes that are not resolved within [***] days from the date requested by a Party shall be submitted to be resolved at the Vietnam International Arbitration Center (VIAC), besides the Vietnam Chamber of Commerce and
Industry with the VIAC Rules of Procedure. The place of arbitration is Hanoi City. 
 ARTICLE 9: OTHER AGREEMENT 

 

	9.1	 Neither Party may transfer a part of or all obligations and responsibilities under this Agreement to any third
party without the prior written consent of the other Party, except for the delivery, transfer of the rights/obligations under this Agreement to its subsidiaries, affiliates or in the event of business reorganization, including merger into another
company or division, separation or conversion, provided that such delivery or transfer of such rights/obligations does not cause damage to the rights and interests of the other Party under this Agreement. 

 

	9.2	 The Parties undertakes to strictly follow the terms as agreed in this Agreement, all amendments,
supplementations shall be agreed by the Parties and signed as an Appendix to Contract. 

  

	9.3	 Purchase Orders, as well as amendments, supplementations shall be considered appendixes and an integral part of
this Agreement. 

  

	9.4	 This Agreement shall be executed in 04 (four) originals, each Party shall keep 02 (two) originals with equal
validity. 

  
 4 

			
	 PARTY A

ON BEHALF OF VINES ENERGY

SOLUTION JOINT STOCK COMPANY
  

/s/ [***]
	 	 PARTY B

ON BEHALF OF VINFAST TRADING AND PRODUCTION LIMITED LIABILITY COMPANY

 
 /s/ [***]

  
 5 

 APPENDIX I: LIST OF EXPECTED TRANSFERRED ASSETS (*) 

 

															
	 NO.
	  	 TYPE OF ASSET
	  	ORIGINAL COST	 	  	DEPRECIATED
VALUE	 	  	REMAINING
VALUE	 
	 1.
	  	LIST OF COMPLETED ASSETS, TOOLS IN 2021 (Table 1)	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
	 2.
	  	LIST OF ASSETS, TOOLS EXPECTED TO BE COMPLETED IN 2022 (Table 2)	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	TOTAL EXPECTED TRANSFERRED ASSETS (1+2)	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  

	(*)	 The temporary asset value is estimated as at December 31, 2021. The details of list and asset value
will be agreed by the Parties at the time the official transfer contract is signed. 

	(*)	 Value does not include VAT. 

  
 6 

 TABLE 1. LIST OF COMPLETED ASSETS, TOOLS IN 2021 

 

																			
	 Asset Code
	  	Asset Name	  	Depreciation
Date	 	  	Original cost
(on December 31,
2021)	 	  	Depreciated Value
(on December 31,
2021)	 	  	Remaining value
(on December 31,
2021)	 
	 [***]
	  	[***]	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
		  		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	Total	  				  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
		  		  				  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  
 7 

 TABLE 2. LIST OF ASSETS, TOOLS WITH EXPECTED COMPLETION 2022 

 

															
	   No.  
	  	 Asset name
	  	Original cost	 	  	Depreciated value	 	  	Remaining value	 
	 [***]
	  	 [***]
	  	 	[***]	 	  	 	[***]	 	  	 	[***]	 
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 
		  	 Total (=1+2) (**)
	  	 	3,324,684,603,851	 	  	 	0	 	  	 	3,324,684,603,851	 
		  		  	  
	  
	 	  	  
	  
	 	  	  
	  
	 

  

	(**)	 The estimated asset value is according to the budget as of December 31st, 2021. The list and asset value
details will be agreed by Parties at the time the official transfer contract is signed. 

  
 8

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