Document:

Exhibit 10.12

 

INDEMNITY AGREEMENT

 

THIS INDEMNITY AGREEMENT (this “Agreement”)
is made as of February 11, 2021, by and among Tuatara Capital Acquisition Corporation, a Cayman Islands exempted company (the “Company”),
and Albert Foreman (“Indemnitee”).

 

RECITALS

 

WHEREAS, highly competent persons have become more reluctant
to serve publicly-held corporations as directors, 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 such corporations;

 

WHEREAS, the Board of Directors of the Company (the “Board”)
has determined that, in order to attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis,
at its sole expense, liability insurance to protect persons serving the Company and its Subsidiaries (as defined below) from certain
liabilities;

 

WHEREAS, while the Amended and Restated Memorandum and
Articles of Association of the Company provide for the indemnification of the officers and directors of the Company, Indemnitee
may also be entitled to indemnification pursuant to applicable Cayman Islands law, and the Amended and Restated Memorandum and
Articles of Association provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate
that contracts may be entered into between the Company and members of the board of directors, officers and other persons with respect
to indemnification, hold harmless, advancement and reimbursement rights;

 

WHEREAS, the uncertainties relating to such insurance
and to indemnification have increased the difficulty of attracting and retaining such persons;

 

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

 

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

 

WHEREAS, this Agreement is a supplement to and in furtherance
of the Amended and Restated Memorandum and Articles of Association of the Company and any resolutions adopted pursuant thereto,
and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and

 

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

 

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

 

     

     

    

TERMS AND CONDITIONS

 

1.  
SERVICES TO THE COMPANY. In consideration of the Company’s covenants and obligations hereunder, Indemnitee will
serve or continue to serve as an officer, director, advisor, key employee or any other capacity of the Company, as applicable,
for so long as Indemnitee is duly elected or appointed or retained or until Indemnitee tenders his or her resignation or until
Indemnitee is removed. The foregoing notwithstanding, this Agreement shall continue in full force and effect after Indemnitee has
ceased to serve as a director, officer, advisor, key employee or in any other capacity of the Company, as provided in Section 17.
This Agreement, however, shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s service to
the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any.

 

2.  
DEFINITIONS. As used in this Agreement:

 

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

 

(b)  
“Cayman Court” shall mean the courts of the Cayman Islands.

 

(c)  
“Companies Law” shall mean the Companies Law (2020 Revision) of the Cayman Islands, as amended
from time to time.

 

(d)  
“Corporate Status” describes the status of a person who is or was a director, officer, trustee,
general partner, manager, managing member, fiduciary, employee or agent of the Company or of any other Enterprise (as defined below)
which such person is or was serving at the request of the Company.

 

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

 

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

 

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

 

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(h)  
“Expenses” shall include all reasonable attorneys’ fees and costs, retainers, court costs,
transcript costs, fees of experts, witness fees, reasonable travel expenses, fees of private investigators and professional advisors,
duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, fax transmission charges, secretarial
services and all other disbursements, obligations or expenses customarily incurred in connection with prosecuting, defending, preparing
to prosecute or defend, investigating, being or preparing to be a witness in, settlement or appeal of, or otherwise participating
in, a Proceeding (as defined below).Expenses also shall include Expenses incurred in connection with any appeal resulting from
any Proceeding (as defined below), including without limitation the principal, premium, security for, and other costs relating
to any cost bond, supersedes bond, or other appeal bond or its equivalent. Expenses, however, shall not include amounts paid in
settlement by Indemnitee or the amount of judgments or fines against Indemnitee.

 

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

 

(j)  
References to “serving at the request of the Company” shall include any service as a director,
officer, employee, agent or fiduciary of the Company or a Subsidiary of the Company which imposes duties on, or involves services
by, such director, officer, employee, agent or fiduciary with respect to an employee benefit plan, its participants or beneficiaries;
and if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in the best interests of the participants
and beneficiaries of an employee benefit plan, Indemnitee shall be deemed to have acted in a manner “not opposed to
the best interests of the Company” as referred to in this Agreement.

 

(k)  
“Independent Counsel” shall mean a law firm or a member of a law firm with significant experience
in matters of corporation law and that neither presently is, nor in the past five years has been, retained to represent: (i) the
Company or Indemnitee in any matter material to either such party (other than with respect to matters concerning Indemnitee under
this Agreement, or of other indemnitees under similar indemnification agreements); or (ii) any other party to the Proceeding (as
defined below) 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 the Company or Indemnitee in an action to determine Indemnitee’s rights under
this Agreement.

 

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

 

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(m)  
The term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration,
mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened
or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil (including intentional
or unintentional tort claims), criminal, administrative or investigative or related nature, in which Indemnitee was, is, will or
might be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company,
by reason of any action (or failure to act) taken by him or her or of any action (or failure to act) on his or her part while acting
as a director or officer of the Company, or by reason of the fact that he or she is or was serving at the request of the Company
as a director, officer, trustee, general partner, managing member, fiduciary, employee or agent of any other Enterprise, in each
case whether or not serving in such capacity at the time any liability or expense is incurred for which indemnification, reimbursement,
or advancement of expenses can be provided under this Agreement.

 

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

 

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

 

4.  
INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY. To the fullest extent permitted by applicable law and in
accordance with the terms and conditions contained herein, the Company shall indemnify and hold harmless Indemnitee in accordance
with the provisions of this Section 4 if Indemnitee is, or is threatened to be made, a party to or a participant (as a witness,
deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in its favor by reason of Indemnitee’s
Corporate Status. Pursuant to this Section 4, Indemnitee shall be indemnified and held harmless against all Expenses actually and
reasonably incurred by him or her 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 or hold harmless for Expenses shall be made under this Section 4 in respect of any claim, issue
or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the
extent that any court in which the Proceeding was brought or the Cayman Court 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
or to be held harmless.

 

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5.  
INDEMNIFICATION FOR EXPENSES OF A PARTY WHO IS WHOLLY OR PARTLY SUCCESSFUL. Notwithstanding any other provisions of
this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s Corporate Status, a party
to (or a participant in) and is successful, on the merits or otherwise, in any Proceeding or in defense of any claim, issue or
matter therein, in whole or in part, the Company shall, to the fullest extent permitted by applicable law and in accordance with
the terms and conditions contained herein, indemnify and hold harmless Indemnitee against all Expenses actually and reasonably
incurred by him or her in connection therewith. If Indemnitee is not wholly successful in such Proceeding but is successful, on
the merits or otherwise, as to one or more but less than all claims, issues or matters in such Proceeding, the Company shall, to
the fullest extent permitted by applicable law and in accordance with the terms and conditions contained herein, indemnify and
hold harmless Indemnitee against all Expenses actually and reasonably incurred by him or her or on his or her behalf in connection
with each successfully resolved claim, issue or matter. If Indemnitee is not wholly successful in such Proceeding, the Company
also shall, to the fullest extent permitted by applicable law and in accordance with the terms and conditions contained herein,
indemnify and hold harmless Indemnitee against all Expenses actually and reasonably incurred in connection with a claim, issue
or matter related to any claim, issue, or matter on which Indemnitee was successful. For purposes of this Section and without limitation,
the termination of any claim, issue or matter in such a Proceeding by dismissal, with or without prejudice, shall be deemed to
be a successful result as to such claim, issue or matter.

 

6.  
INDEMNIFICATION FOR EXPENSES OF A WITNESS. Notwithstanding any other provision of this Agreement except for Section
27, to the extent that Indemnitee is, by reason of his or her Corporate Status, a witness or deponent in any Proceeding to which
Indemnitee is not a party or threatened to be made a party, he or she shall, to the fullest extent permitted by applicable law
and in accordance with the terms and conditions contained herein, be indemnified and held harmless against all Expenses actually
and reasonably incurred by him or her or on his or her behalf in connection therewith.

  

7.  
ADDITIONAL INDEMNIFICATION AND HOLD HARMLESS RIGHTS. Notwithstanding any limitation in Sections 3, 4, or 5, except for
Section 27, the Company shall, to the fullest extent permitted by applicable law and in accordance with the terms and conditions
contained herein, indemnify and hold harmless Indemnitee if Indemnitee is a party to or threatened to be made a party to any Proceeding
(including a Proceeding by or in the right of the Company to procure a judgment in its favor) against all Expenses, judgments,
fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection
with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred
by Indemnitee in connection with the Proceeding. No indemnification or hold harmless rights shall be available under this Section
7 on account of Indemnitee’s conduct which constitutes a breach of Indemnitee’s duty of loyalty to the Company or its
shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of the
law.

 

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8.  
CONTRIBUTION IN THE EVENT OF JOINT LIABILITY.

 

(a)  
To the fullest extent permissible under applicable law and in accordance with the terms and conditions contained herein,
if the indemnification and/or hold harmless rights provided for in this Agreement are unavailable to Indemnitee in whole or in
part for any reason whatsoever, the Company, in lieu of indemnifying or holding harmless Indemnitee, shall contribute to the amount
incurred by Indemnitee, whether for Expense, judgments, fines and/or amounts paid settlements, 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/or transactions giving cause to such Proceeding; and (ii) the relative fault of the Company (and its directors,
managers, officers, employees and agents) and Indemnitee in connection with such events and/or transactions.

 

(b)  
Whether or not the indemnification provided in Sections 3 and 4 hereof is available, in respect of any threatened, pending
or completed Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding), the
Company shall pay, in the first instance, the entire amount incurred by Indemnitee, whether for judgments, liabilities, fines,
penalties, amounts paid or to be paid in settlement and/or for Expenses, in connection with any Proceeding without requiring Indemnitee
to contribute to such payment, and the Company hereby waives and relinquishes any right of contribution it may have at any time
against Indemnitee.

 

(c)  
The Company shall not enter into any settlement of any Proceeding in which the Company is jointly liable with Indemnitee
(or would be if joined in such Proceeding) unless such settlement provides for a full and final release of all claims asserted
against Indemnitee.

 

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

 

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9.  
EXCLUSIONS AND LIMITATIONS.

 

(a)  
Notwithstanding any provision in this Agreement, the Company shall not be obligated under this Agreement to make any indemnification
payment, advance expenses, or hold harmless Indemnitee in connection with any claim or Proceeding (or any part of a Proceeding):

 

(i)  
for which payment has actually been received by or on behalf of Indemnitee under any insurance
policy or other indemnity or advancement provision and which payment has not subsequently been returned, except with respect to
any excess beyond the amount actually received under any insurance policy, contract, agreement, other indemnity or advancement
provision or otherwise;

 

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

 

(iii)  
 on account of the Indemnitee’s conduct if such conduct shall be finally adjudged to
have been a breach of Indemnitee’s duty of loyalty to the Company or its shareholders or is an act or omission not in good
faith or which involves intentional misconduct or a knowing violation of the law; 

 

(iv)  if
such indemnification, advancement or payment is prohibited by applicable law;

 

(v)  
arising out of Indemnitee’s personal income tax payable on any salaries, bonuses, director’s
fees, including fees for attending meetings, or any gain on disposition of shares, options or restricted shares of the Company;
or

 

(vi) except
as otherwise provided in Sections 14(f)‎ hereof, in
connection with any Proceeding (or any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of
any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless
(A) the Board authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (B) the Company provides the
indemnification or hold harmless payment, in its sole discretion, pursuant to the powers vested in the Company under applicable
law.

 

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10.  
ADVANCES OF EXPENSES; DEFENSE OF CLAIM.

 

(a)  
Notwithstanding any provision of this Agreement to the contrary except for Section 27, and to the fullest extent not prohibited
by applicable law and in accordance with the terms and conditions contained herein, the Company shall pay the Expenses incurred
by Indemnitee in connection with any Proceeding within ten (10) days after the receipt by the Company of a statement or statements
requesting such advances from time to time, prior to the final disposition of any Proceeding. Such statement or statements shall
reasonably evidence the Expenses incurred by Indemnitee. Advances shall, to the fullest extent permitted by law, be unsecured and
interest free. Advances shall, to the fullest extent permitted by law, be made without regard to Indemnitee’s ability to
repay the Expenses and, subject to Section 12(a), without regard to Indemnitee’s ultimate entitlement to be indemnified or
held harmless under the other provisions of this Agreement. Advances shall include any and all reasonable Expenses incurred pursuing
a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company
to support the advances claimed. To the fullest extent required by applicable law and in accordance with the terms and conditions
contained herein, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the Company’s
receipt of an undertaking, by or on behalf of Indemnitee, to repay the advanced amounts to the extent that it is ultimately determined
that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Amended and Restated
Memorandum and Articles of Association, applicable law or otherwise. This Section 10(a) shall not apply to any claim made by Indemnitee
for which an indemnification or hold harmless payment is excluded pursuant to Section 9.

 

(b)  
In the event the Company may be obligated to make any indemnity payment in connection with a Proceeding, and to the extent
ethically permitted, the Company shall be entitled to assume the defense of such Proceeding with counsel approved by Indemnitee,
which approval shall not be unreasonably withheld. After 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) Indemnitee shall have reasonably concluded that there is a conflict of interest between the Company
and Indemnitee in the conduct of any such defense, (iii) the fees and expenses are non-duplicative and reasonably incurred in connection
with Indemnitee’s role in the Proceeding despite the Company’s assumption of the defense; or (iv) the Company shall
not have retained, or shall not continue to retain, such 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 to assume the defense of any Proceeding brought by it or on its behalf or as to which the Indemnitee has
reasonably concluded that there may be a conflict of interest between the Company and the Indemnitee.

 

(c)  
The Company shall not settle any action, claim or Proceeding (in whole or in part) which would impose any Expense, judgment,
fine, penalty or limitation on Indemnitee without Indemnitee’s prior written consent.

 

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11.  
PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION.

 

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

 

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

 

12.  
PROCEDURE UPON APPLICATION FOR INDEMNIFICATION.

 

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

 

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

 

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

 

 

13.  
PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS.

 

(a)  
In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making
such determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted
a request for indemnification in accordance with Section 11(b) of this Agreement, and the Company shall have the burden of proof
to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that
presumption. Neither the failure of the Company (including by the Disinterested Directors or Independent Counsel) to have made
a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances
because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by the Disinterested
Directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action
or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

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(b)  
If the person, persons or entity empowered or selected under Section 12 of this Agreement to determine whether Indemnitee
is entitled to indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the
request therefor, the requisite determination of entitlement to indemnification shall, to the fullest extent permitted by law,
be deemed to have been made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of
a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in
connection with the request for indemnification, or (ii) a final judicial determination that any or all such indemnification is
expressly prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not
to exceed an additional fifteen (15) days, if the person, persons or entity making the determination with respect to entitlement
to indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information
relating thereto.

 

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

 

(d)  
For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s
action is based on the records or books of account of the Enterprise, including financial statements, or on information supplied
to Indemnitee by the directors, manager, or officers of the Enterprise in the course of their duties, or on the advice of legal
counsel for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing
member, or on information or records given or reports made to the Enterprise, its Board, any committee of the Board or any director,
trustee, general partner, manager or managing member, by an independent certified public accountant or by an appraiser or other
expert selected by the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or
managing member. The provisions of this Section 13(d) shall not be deemed to be exclusive or to limit in any way the other circumstances
in which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement.

 

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

 

    11

     

    

14.  
REMEDIES OF INDEMNITEE.

 

(a)  
In the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled to
indemnification under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely
made pursuant to Section 10 of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant
to Section 12(a) of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification, (iv)
payment of indemnification is not made pursuant to Section 5, 6, 7 or the last sentence of Section 12(a) of this Agreement within
ten (10) days after receipt by the Company of a written request therefor, (v) a contribution payment is not made in a timely manner
pursuant to Section 8 of this Agreement, (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made
within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vii) payment to Indemnitee
pursuant to any hold harmless rights under this Agreement or otherwise is not made in accordance with this Agreement, Indemnitee
shall be entitled to an adjudication by the Cayman Court to such indemnification, hold harmless, contribution or advancement rights.
Alternatively, Indemnitee, at his or her option, may seek an award in arbitration to be conducted by a single arbitrator pursuant
to the Commercial Arbitration Rules of the American Arbitration Association. Except as set forth herein, the provisions of Cayman
Islands law (without regard to its conflict of laws rules) shall apply to any such arbitration. The Company shall not oppose Indemnitee’s
right to seek any such adjudication or award in arbitration.

 

(b)  
In the event that a determination shall have been made pursuant to Section 12(a) of this Agreement that Indemnitee is not
entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted in
all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse
determination.

 

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

 

(d)  
If a determination shall have been made pursuant to Section 12(a) of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14,
absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s
statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification
under applicable law.

 

    12

     

    

 

(e)  
The Company shall be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section
14 that the procedures and presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such
court or before any such arbitrator that the Company are bound by all the provisions of this Agreement.

 

(f)  
The Company shall indemnify and hold harmless Indemnitee to the fullest extent permitted by law, and in accordance with
the terms and conditions contained herein, against all Expenses which are incurred by or on behalf of Indemnitee in connection
with any judicial proceeding or arbitration brought by Indemnitee: (i) to enforce his or her rights under, or to recover damages
for breach of, this Agreement (unless such judicial proceeding or arbitration was not brought by Indemnitee in good faith); (ii)
to enforce his or her rights under, or to recover damages for breach of, any other indemnification advancement or contribution
agreement or provision of the Amended and Restated Memorandum and Articles of Association, or the Bylaws now or hereafter in effect;
or (iii) for recovery or advances under any insurance policy maintained by any person for the benefit of Indemnitee, regardless
of the outcome and whether Indemnitee ultimately is determined to be entitled to such indemnification right, advancement, contribution
or insurance recovery, as the case may be (in each case, unless such judicial proceeding or arbitration was not brought by Indemnitee
in good faith).

 

15.  
SECURITY. Notwithstanding anything herein to the contrary, except for Section 27, to the extent requested by Indemnitee
and approved by the Board, the Company may at any time and from time to time provide security to Indemnitee for the Company’s
obligations hereunder through an irrevocable bank line of credit, funded trust or other collateral. Any such security, once provided
to Indemnitee, may not be revoked or released without the prior written consent of Indemnitee.

 

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

 

(a)  
The rights of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
may at any time be entitled under applicable law, the Amended and Restated Memorandum and Articles of Association, any agreement,
a vote of shareholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any
provision hereof shall limit or restrict any right of Indemnitee under this Agreement in respect of any Proceeding (regardless
of when such Proceeding is first threatened, commenced or completed) or claim, issue or matter therein arising out of, or related
to, any action taken or omitted by such Indemnitee in his or her Corporate Status prior to such amendment, alteration or repeal.
To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification or hold
harmless rights or advancement of Expenses than would be afforded currently under the Amended and Restated Memorandum and Articles
of Association or this Agreement, it is the intent of the parties hereto that Indemnitee shall enjoy by this Agreement the greater
benefits so afforded by such change. No right or remedy herein conferred is intended to be exclusive of any other right or remedy,
and every other right and remedy shall be cumulative and in addition to every other right and remedy given hereunder or now or
hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise,
shall not prevent the concurrent assertion or employment of any other right or remedy.

 

    13

     

    

 

(b)  
The Companies Law and the Amended and Restated Memorandum and Articles of Association permit the Company to purchase and
maintain insurance or furnish similar protection or make other arrangements including, but not limited to, providing a trust fund,
letter of credit, or surety bond (“Indemnification Arrangements”) on behalf of Indemnitee against any
liability asserted against him or her or incurred by or on behalf of him or her or in such capacity as a director, officer, employee
or agent of the Company, or arising out of his or her status as such, whether or not the Company would have the power to indemnify
him or her against such liability under the provisions of this Agreement or under the Companies Law, as it may then be in effect.
The purchase, establishment, and maintenance of any such Indemnification Arrangement shall not in any way limit or affect the rights
and obligations of the Company or of Indemnitee under this Agreement except as expressly provided herein, and the execution and
delivery of this Agreement by the Company and Indemnitee shall not in any way limit or affect the rights and obligations of the
Company or the other party or parties thereto under any such Indemnification Arrangement.

 

(c)  
To the extent that the Company maintains an insurance policy or policies providing liability insurance for directors, officers,
trustees, partners, managers, managing members, fiduciaries, employees, or agents of the Company or of any other Enterprise which
such person serves at the request of the Company, Indemnitee shall be covered by such policy or policies in accordance with its
or their terms to the maximum extent of the coverage available for any such director, officer, trustee, partner, managers, managing
member, fiduciary, employee or agent under such policy or policies. If, at the time the Company receives notice from any source
of a Proceeding as to which Indemnitee is a party or a participant (as a witness, deponent or otherwise), the Company has director
and officer liability insurance in effect, the Company shall give prompt notice of such Proceeding to the insurers in accordance
with the procedures set forth in the respective policies. The Company shall thereafter take all necessary or desirable action to
cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance with the
terms of such policies.

 

(d)  
In the event of any payment under this Agreement, the Company, to the fullest extent permitted by law and in accordance
with the terms and conditions contained herein, shall be subrogated to the extent of such payment to all of the rights of recovery
of Indemnitee, including with respect to any insurance. The Indemnitee shall execute all papers required and take all action necessary
to secure such rights, including execution of such documents as are necessary to enable the Company to bring suit to enforce such
rights. No such payment by the Company shall be deemed to relieve any insurer of its obligations.

 

    14

     

    

 

(e)  
The Company’s obligations to indemnify, hold harmless or advance Expenses hereunder to Indemnitee who is or was serving
at the request of the Company as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent
of any other Enterprise shall be reduced by any amount Indemnitee has actually received as indemnification or hold harmless payments
or advancement of expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary except for
Section 27 and as set forth herein, (i) Indemnitee shall have no obligation to reduce, offset, allocate, pursue or apportion any
indemnification, hold harmless, advancement, contribution or insurance coverage among multiple parties possessing such duties to
Indemnitee prior to the Company’s satisfaction and performance of all its obligations under this Agreement, and (ii) the
Company shall perform fully its obligations under this Agreement without regard to whether Indemnitee holds, may pursue or has
pursued any indemnification, advancement, hold harmless, contribution or insurance coverage rights against any person or entity
other than the Company.

 

(f)  
In the event that any other person or entity has agreed to indemnify, hold harmless or advance Expenses to Indemnitee in
connection with any Proceeding in which Indemnitee was, is, will or might be involved as a party or otherwise by reason of Indemnitee’s
Corporate Status, the Company shall be the primary indemnitor of the Indemnitee.

 

17.  
DURATION OF AGREEMENT. All agreements and obligations of the Company contained herein shall continue during the period
Indemnitee serves as a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member,
fiduciary, employee or agent of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise
which Indemnitee serves at the request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any
possible Proceeding (including any rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 14 of
this Agreement) by reason of his or her Corporate Status, whether or not he or she is acting in any such capacity at the time any
liability or expense is incurred for which indemnification or advancement can be provided under this Agreement.

 

18.  
SEVERABILITY. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable
for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including,
without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to
be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or
impaired thereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be
deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties
hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of
any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable,
that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby.

 

    15

     

    

 

19.  
ENFORCEMENT AND BINDING EFFECT.

 

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

 

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

 

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

 

(d)  
The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
to all, substantially all or a substantial part, of the business and/or assets of the Company, 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.

 

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

 

    16

     

    

 

20.  
MODIFICATION AND WAIVER. No supplement, modification or amendment of this Agreement shall be binding unless executed
in writing by the Company and Indemnitee. No waiver of any of the provisions of this Agreement shall be deemed or shall constitute
a waiver of any other provisions of this Agreement nor shall any waiver constitute a continuing waiver.

 

21.  
NOTICES. All notices, requests, demands and other communications under this Agreement shall be in writing and shall
be deemed to have been duly given (i) if delivered by hand and receipted for by the party to whom said notice or other communication
shall have been directed, or (ii) mailed by certified or registered mail with postage prepaid, on the third (3rd) business day
after the date on which it is so mailed:

 

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

 

(b)  
If to the Company, to:

 

Tuatara Capital Acquisition Corporation

655 Third Avenue, 8th Floor

New York, New York 10017

Attention: Chief Financial Officer

 

With a copy, which shall not constitute notice, to

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attn: Derek Dostal, Esq.

 

or to any other address as may have been furnished to Indemnitee
in writing by the Company.

 

22.  
APPLICABLE LAW AND CONSENT TO JURISDICTION. This Agreement and the legal relations among the parties shall be governed
by, and construed and enforced in accordance with, the laws of the State of New York, without regard to its conflict of laws rules.
Except with respect to any arbitration commenced by Indemnitee pursuant to Section 14(a) of this Agreement, to the fullest extent
permitted by law, the Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising
out of or in connection with this Agreement shall be brought only in the Cayman Court and not in any other state or federal court
in the United States of America or any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Cayman
Court for purposes of any action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to
the laying of venue of any such action or proceeding in the Cayman Court; and (d) waive, and agree not to plead or to make, any
claim that any such action or proceeding brought in the Cayman Court has been brought in an improper or inconvenient forum, or
is subject (in whole or in part) to a jury trial. To the fullest extent permitted by law, the parties hereby agree that the mailing
of process and other papers in connection with any such action or proceeding in the manner provided by Section 21 or in such other
manner as may be permitted by law, shall be valid and sufficient service thereof.

 

    17

     

    

 

23.  
IDENTICAL COUNTERPARTS. This Agreement may be executed in one or more counterparts, each of which shall for all purposes
be deemed to be an original but all of which together shall constitute one and the same Agreement. Only one such counterpart signed
by the party against whom enforceability is sought needs to be produced to evidence the existence of this Agreement.

 

24.  
MISCELLANEOUS. Use of the masculine pronoun shall be deemed to include usage of the feminine pronoun where appropriate.
The headings of the paragraphs of this Agreement are inserted for convenience only and shall not be deemed to constitute part of
this Agreement or to affect the construction thereof.

 

25.  
PERIOD OF LIMITATIONS. No legal action shall be brought and no cause of action shall be asserted by or in the right
of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or personal or legal representatives after the expiration
of two years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished
and deemed released unless asserted by the timely filing of a legal action within such two-year period; provided, however, that
if any shorter period of limitations is otherwise applicable to any such cause of action such shorter period shall govern.

 

26.  
ADDITIONAL ACTS. If for the validation of any of the provisions in this Agreement any act, resolution, approval or other
procedure is required to the fullest extent permitted by law, each of Indemnitee and the Company undertakes to cause such act,
resolution, approval or other procedure to be affected or adopted in a manner that will enable Indemnitee and the Company to fulfill
their respective obligations under this Agreement.

 

27.  
WAIVER OF CLAIMS TO TRUST ACCOUNT. Indemnitee hereby agrees that he or she does not have any right, title, interest
or claim of any kind (each, a “Claim”) in or to any monies in the trust account established in connection
with the Company’s initial public offering for the benefit of the Company and holders of shares issued in such offering,
and hereby waives any Claim he or she may have in the future as a result of, or arising out of, any services provided to the Company
and will not seek recourse against such trust account for any reason whatsoever.

 

    18

     

    

 

28.  
MAINTENANCE OF INSURANCE. The Company shall use commercially reasonable efforts to obtain and maintain in effect during
the entire period for which the Company is obligated to indemnify the Indemnitee under this Agreement, one or more policies of
insurance with reputable insurance companies to provide the officers/directors of the Company with coverage for losses from wrongful
acts and omissions and to ensure the Company’s performance of its indemnification obligations under this Agreement. The Indemnitee
shall be covered by such policy or policies in accordance with its or their terms to the maximum extent of the coverage available
for any such director or officer under such policy or policies. In all such insurance policies, the Indemnitee shall be named as
an insured in such a manner as to provide the Indemnitee with the same rights and benefits as are accorded to the most favorably
insured of the Company’s directors and officers.

 

[Signature Page Follows]

 

    19

     

    

IN WITNESS WHEREOF, the parties hereto have caused this
Indemnity Agreement to be signed as of the day and year first above written.

 

	 	TUATARA CAPITAL ACQUISITION CORPORATION
	 	 
	 	 
	 	By:	/s/ Albert Foreman
	 	 	Name:	Albert Foreman
	 	 	Title:	Chief Executive Officer

 

 

	 	INDEMNITEE
	 	 	 
	 	  	/s/ Albert Foreman
	 	 	Name:	 Albert Foreman
	 	 	
         

         

        Address for notices:

        Tuatara Capital, L.P. 

655 Third Avenue, 8th Fl

 NY, NNY 10017

        

 

 

[Signature
page - Indemnity Agreement]Exhibit 10.1

 

 

SUPPORT
AGREEMENT

 

This
Support Agreement (this “Agreement”) is dated
as of February 17, 2021, by and among Charles River Laboratories International, Inc., a Delaware corporation (“Buyer”),
and each of the equityholder(s) of Cognate BioServices, Inc., a Delaware corporation (the “Company”)
listed on the signature pages hereto (each, a “Holder”). For purposes
of this Agreement, Buyer and each Holder are each a “Party” and collectively
the “Parties”. Capitalized terms used but not defined herein shall have
the respective meanings ascribed to such terms in the Merger Agreement (as defined below).

 

WHEREAS,
Buyer, Memphis Merger Sub, Inc., a Delaware corporation (“Merger Sub”),
the Company, and Mercury Fund 2 Holdco LLC, a Delaware limited liability company, solely in its capacity as the initial representative
of the Company Shareholders (the “Sellers’ Representative”), have entered
or will enter into an Agreement and Plan of Merger dated as of February 17, 2021, attached as Annex I hereto (as amended
or modified from time to time, the “Merger Agreement”), providing for, among
other things, the merger of Merger Sub with and into the Company (the “Merger”);

 

WHEREAS,
as an inducement to Buyer’s and Merger Sub’s willingness to enter into the Merger Agreement and the other Related
Agreements, each Holder has agreed to execute and deliver this Agreement; and

 

WHEREAS,
as of the date hereof, each Holder is the record and beneficial owner of the Company Shares set forth next to such Holder’s
name on the signature pages hereto (such Company Shares, together with all other Company Securities held by such Holder, the “Subject
Shares”).

 

NOW,
THEREFORE, in consideration of the foregoing premises and other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged and accepted, Buyer and each Holder, intending to be legally bound, hereby agree as follows:

 

Section
1.               
Consent; Appointment of the Sellers’ Representative; Binding Effect of Merger Agreement; Further Assurances.

 

(a)             Agreement to Consent. Each Holder hereby agrees that, by 11:59 p.m. Eastern Time on February 22, 2021, such Holder
shall execute and deliver to the Company a duly executed counterpart of the Company Shareholder Approval (in the form attached
hereto as Annex II). Each Holder further agrees that, following the delivery of its counterpart of the Company Shareholder
Approval, such Holder will not take any action to withdraw, modify, revoke or otherwise challenge the effectiveness of the Company
Shareholder Approval.

 

(b)             Appointment of the Sellers’ Representative. Each Holder agrees and consents to the irrevocable appointment
of Mercury Fund 2 Holdco LLC (subject to substitution in accordance with Section 7.2 of the Merger Agreement) as the Sellers’
Representative and as the representative, true and lawful agent, proxy and attorney in fact of the Company Shareholders, including
the undersigned, with full power of substitution, with all of the powers and authority contemplated by (w) the Merger Agreement,
including Section 7.2 thereof, (x) the Escrow Agreement, (y) the Paying Agent Agreement and (z) any other Related Agreement, as
applicable. 

 

    

    

    

Each
Holder acknowledges and agrees that any compromise or settlement of any matter by the Sellers’ Representative as contemplated
by the Merger Agreement (including Section 7.2 thereof) shall be binding upon, and fully enforceable against, such Holder
and each such Holder will not have any right to object, dissent, protest or otherwise contest the same, except in the case of
Fraud or bad faith by the Sellers’ Representative.

 

(c)            Binding
Effect of Merger Agreement.

 

(i)                
Each Holder acknowledges and agrees to be bound by the provisions of the Merger Agreement purporting to bind the Company
Shareholders as if such Holder were an original signatory to the Merger Agreement as a Company Shareholder, including the provisions
regarding the appointment of the Sellers’ Representative to act on behalf of the Company Shareholders pursuant to the authority
granted therein, all as set forth in Section 7.2 of the Merger Agreement. Without limiting the generality of the foregoing, such
Holder acknowledges and agrees that, as provided in the Merger Agreement, a portion of the consideration otherwise payable to
such Holder pursuant to the Merger Agreement will be withheld by Buyer and deposited into (x) escrow for the purpose of covering
any post-closing downwards purchase price adjustment under Section 1.12 of the Merger Agreement and (y) the Sellers’
Representative Expense Fund under Section 7.2(e) of the Merger Agreement. Each Holder further acknowledges and agrees that such
Holder shall be entitled to receive distributions only with respect to the Purchase Price Adjustment Escrow Deposit Amount and
the amount in the Sellers’ Representative Expense Fund if, and to the extent that, any portion of such amounts are required
to be distributed to such Holder pursuant to the terms of the Merger Agreement.

 

(ii)             
Each Holder hereby (A) expressly acknowledges that the consideration to be paid to the Company Shareholders pursuant to
the Merger Agreement will be allocated as provided in the Estimated Closing Statement and the Distribution Schedule, and agrees
that Buyer, Merger Sub, the Surviving Company and their respective Affiliates shall be entitled to rely on the Estimated Closing
Statement and the Distribution Schedule, and to make payments in accordance therewith, in each case without any obligation to
investigate or verify the accuracy or correctness thereof, and (B) expressly acknowledges and agrees to the provisions of Section
1.12(b) of the Merger Agreement.

 

(iii)           
Each Holder agrees that it will not bring, commence, institute, maintain, prosecute or voluntarily aid any Proceeding,
in law or in equity, in any court or before any Governmental Authority, which challenges the validity of or seeks to enjoin the
operation of any provision of this Agreement, the Merger Agreement or the other Related Agreements.

 

(d)           Further Assurances. Each Holder agrees to execute and deliver, or cause to be executed and delivered, all further
documents and instruments as Buyer may reasonably request to consummate and make effective the transactions contemplated by the
Merger Agreement and this Agreement.

 

(e)           Existing Contracts. 

 

(i)                
 Each Holder, on behalf of itself and its Affiliates (to the extent applicable), hereby irrevocably and unconditionally
waives any rights, including rights of first 

 

    2

    

    

offer,
co-sale rights and related notice rights, granted pursuant to Section 2.4 or Section 2.5 of that certain Second Amended and Restated
Equityholders’ Agreement, made effective as of January 7, 2020, by and among the Company and the other Persons party thereto
(the “Equityholders’ Agreement”), with
respect to the transactions contemplated by this Agreement, the Merger Agreement and the other Related Agreements (including the
Merger).

 

(ii)             
Each Holder covenants and agrees that it will take any required actions to cause the Related Party Agreements to which
it or any of its Affiliates is a party, to be terminated in accordance with and subject to, the provisions of Section 5.3 of the
Merger Agreement, in each case, without any continuing liability or obligation of any of the Company Entities thereunder.

 

(f)            Withholding. Each Holder agrees and acknowledges that such Holder is responsible for payment of all taxes legally
imposed upon it in connection with benefits and payments provided under the Merger Agreement. All benefits and payments provided
under the Merger Agreement are subject to applicable tax and other withholdings required by applicable Law, and they will be made
net of such withholding amounts as and to the extent required by applicable Law.

 

Section
2.               Holder Representations and Warranties. Each Holder represents and warrants to Buyer, Merger Sub and the Sellers’
Representative as follows:

 

(a)            Each Holder is duly organized, validly existing and in good standing (where applicable) under the laws of the jurisdiction
in which it is incorporated, organized or constituted, and the execution, delivery and performance of this Agreement and the consummation
of the transactions contemplated hereby are within such Holder’s corporate or organizational powers and have been duly authorized
by all necessary corporate or organizational action on the part of such Holder. 

 

(b)            Each Holder is the record and beneficial owner (as defined in Rule 13d-3 under the Exchange Act, as amended) of, and has
good title to, all of such Holder’s Subject Shares, free and clear of any Lien (including any restriction on the right to
vote, sell or otherwise dispose of such Subject Shares), except (i) transfer restrictions under applicable securities laws, (ii)
this Agreement, and (iii) the Equityholders’ Agreement. Each Holder’s Subject Shares set forth on the signature pages
hereto are the only Company Securities owned of record or beneficially by such Holder on the date of this Agreement. Each Holder
has the requisite voting power and the requisite power to agree to all of the matters set forth in this Agreement, with respect
to all of its Subject Shares, necessary to perform its obligations under this Agreement, with no limitations, qualifications or
restrictions on such rights.

 

(c)            This Agreement has been duly executed and delivered by such Holder and, assuming the due authorization, execution and delivery
hereof by Buyer, this Agreement constitutes a legally valid and binding obligation of such Holder, enforceable against such Holder
in accordance with the terms hereof (subject to applicable bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium
and other laws affecting creditors’ rights generally and general principles of equity). 

 

    3

    

    

(d)            The execution and delivery of this Agreement by such Holder does not, and the performance by such Holder of its obligations
hereunder will not, (i) result in a violation of applicable Law, (ii)  conflict with or result in a violation of the Organizational
Documents of such Holder, (iii) other than the Company Shareholder Approval, and subject to the terms of the Equityholders’
Agreement, require any consent or approval that has not been given or other action (including notice of payment or any filing
with any Governmental Authority) that has not been taken by any Person (including under any Contract binding upon such Holder
or such Holder’s Subject Shares), or (iv) result in the creation or imposition of any Lien on such Holder’s Subject
Shares.

 

(e)            There is no Proceeding pending against, or to the knowledge of the Holder, threatened against the Holder or any of its
Affiliates, by or before (or that would be by or before) any Governmental Authority or arbitrator related to the Subject Shares,
this Agreement, the transactions contemplated by, or the performance by the Company or the Holder of its obligations under, the
Merger Agreement and the Related Agreements.

 

(f)             Other than Morgan Stanley & Co. LLC, no investment banker, broker, finder or other intermediary is entitled to a fee
or commission from the Company Entities in respect of the Merger Agreement, this Agreement or any of the respective transactions
contemplated thereby and hereby based upon any arrangement or agreement made by such Holder.

 

Section
3.               
Transfer of Shares.

 

(a)            During the period commencing on the date hereof and continuing until the earlier of (i) the termination of this Agreement
pursuant to Section 7(e) and (ii) the Effective Time, except as expressly contemplated by the Merger Agreement or this
Agreement, absent the advance written consent of Buyer (which it may withhold in its sole discretion), each Holder agrees not
to take any action to, directly or indirectly, (a) offer to sell, sell, assign, transfer (including by operation of law),
subject to a Lien or otherwise dispose of any of the Subject Shares or any other Company Securities, (b) deposit any of the Subject
Shares or any other Company Securities into a voting trust or enter into a voting agreement or arrangement with respect to any
Subject Shares or any other Company Securities or grant any proxy or power of attorney with respect thereto or (c) enter into
any Contract, option or other arrangement or undertaking with respect to the direct or indirect sale, assignment, transfer (including
by operation of law) or other disposition of or transfer of any interest in or the voting of any of the Subject Shares or any
other Company Securities (any transaction of any type described in clause (a), (b) or (c) above, a “Transfer”).

 

(b)            During the period commencing on the date hereof and continuing until the earlier of (i) the termination of this Agreement
pursuant to Section 7(e) and (ii) the Effective Time, such Holder shall not, and shall direct its Affiliates and its and
their respective directors, managers, officers, and employees (collectively, “Representatives”)
not to, directly or indirectly, solicit, encourage or knowingly initiate the submission of proposals or offers from, provide any
confidential information to, participate in discussions or negotiations or enter into any Contract with, any Person (other than
Buyer and its Affiliates) relating to the sale of any Company Entity or any direct or indirect acquisition of any Company Securities
or any material portion of the capital stock or other equity or voting securities of, or interests in, or assets of, any Company

 

    4

    

    

Entity,
whether in an acquisition structured as a merger, consolidation, exchange, sale of assets, sale of stock or otherwise. Each Holder
shall, and shall cause its Affiliates and direct its Representatives to, immediately cease and cause to be terminated any existing
discussions or negotiations with any Person (other than Buyer and Merger Sub) conducted heretofore with respect thereto.

 

Section
4.               
Holder Covenants and Release.

 

(a)            Confidentiality. Subject to Section 4(b), from the date hereof until the date that is three (3) years after
the Closing Date, each Holder agrees not to disclose (and shall direct each of its Representatives), in each case only where such
Representatives have received or subsequently receive Confidential Information (as defined below) not to disclose any Confidential
Information. Each Holder further agrees to take all commercially reasonable steps (and to direct each of its Representatives to
take all commercially reasonable steps) to safeguard such Confidential Information and to protect it against disclosure, misuse,
espionage, loss and theft. In the event such Holder or any of its Affiliates and its and their Representatives is required by
Law (including by oral questions or requests for information or documents in any such Proceeding, discovery request, subpoena
or similar process) to disclose any Confidential Information, such Holder shall, if legally permissible and practicable under
the circumstances, promptly notify Buyer in writing, which notification shall include the nature of the legal requirement and
the extent of the required disclosure, and such Holder shall, at the expense of the Buyer and the Company Entities, cooperate
with Buyer and the Company Entities to preserve the confidentiality of such information consistent with applicable Law. Each of
the Company Entities, each Holder and Buyer acknowledges and agrees that the other Parties would be damaged irreparably in the
event this Section 4(a) is not performed in accordance with its specific terms or is otherwise breached. Accordingly, each
Holder agrees that Buyer and the Company Entities shall be entitled to an injunction or injunctions to prevent breaches of the
provisions of this Section 4(a) and to enforce specifically this Section 4(a) and the terms and provisions hereof
in any action instituted in any court of competent jurisdiction over the Parties and the matter in addition to any other remedy
to which they may be entitled pursuant hereto. Notwithstanding the foregoing, (i) each Holder and its Representatives may disclose
Confidential Information to their respective limited partners and existing and prospective investors on a confidential basis in
connection with their normal fund raising, marketing or reporting activities and to their respective tax, legal, accounting and
other advisors that reasonably need to know such information, (ii) no notice shall be required in the case of any disclosure of
Confidential Information in connection with routine proceedings involving requests by such Holder’s or its Representatives’
securities, tax, regulatory or similar authorities having competent jurisdiction, provided that the proceedings and requests are
not specifically targeted at Buyer, the Company Entities or the Confidential Information, and (iii) Buyer and the Company Entities
each acknowledge that Holder’s and its Representatives’ respective directors, officers or employees (each such person,
an "Investment Professional") may serve as employees,
directors or officers of portfolio companies and each agrees that in no event shall any such portfolio company be deemed to have
received Confidential Information solely because any such Investment Professional serves as an employee, officer or member of
the board of directors (or similar governing body) of such portfolio company, provided that such Investment Professional has not
provided such portfolio company or any other director, officer or employee thereof (other than another Investment Professional)
with Confidential Information and such portfolio company 

 

    5

    

    

does
not act at the direction of such Investment Professional with respect to such Confidential Information. For purposes of this Agreement,
“Confidential Information” means all information
(whether or not specifically identified as confidential), in any form or medium, that is disclosed to, or developed or learned
by, such Holder or its Representatives, that relates to the business, products, operations, financial condition, services, research
or development of the Company Entities or its customers, vendors, suppliers, processors, independent contractors or other business
relations, including: (i) internal business information (including information relating to strategic plans and practices, business,
accounting, financial or marketing plans, practices or programs, training practices and programs, salaries, bonuses, incentive
plans and other compensation and benefits information and accounting and business methods); (ii) identities of, individual requirements
of, specific contractual arrangements with, and information about, the Company or its Affiliates, its customers and its confidential
information; (iii) industry research compiled by, or on behalf of Company Entities, including identities of potential target companies,
management teams, and transaction sources identified by, or on behalf of, the Company; (iv) compilations of data and analyses,
processes, methods, track and performance records, data and databases relating thereto; and (vi) information related to Company
Intellectual Property; provided, however, that “Confidential Information”
shall not include any information that (A) is or becomes generally available to the public other than as a result of a breach
of this Agreement by any Holder, (B) becomes available to such Holder or its Representatives on a non-confidential basis from
a source other than Company, provided that such source, to the knowledge of such Holder or its Representatives (as applicable),
is not bound by a confidentiality agreement with, or other contractual, legal or fiduciary obligation of confidentiality to, the
Company or any other party with respect to such information, (C) was independently developed by or on behalf of the Holder or
its Representatives without use of or reference to any Confidential Information or (D) Buyer agrees to in writing may be disclosed.
Each Holders’ ownership in the Company Entities has inevitably resulted in increased knowledge and understanding of the
Company Entities’ industry and business in a way that cannot be reasonably expected to be separated from its overall knowledge
base. Accordingly, and notwithstanding anything to the contrary in this Agreement, it will not be deemed to be a breach of this
Agreement for such Holder or its Affiliates to remember and use or disclose such increased knowledge base in the conduct of their
businesses, including in evaluating businesses and making investment decisions, in each case, so long as such Holder and its Affiliates
comply with all obligations set forth herein. Each Holder shall be responsible for any action by any of its Representatives that
would constitute a breach of this ‎Section 4(a)
if taken by such Holder.

 

(b)            Release. Effective as of the Closing, each Holder, on behalf of such Holder and its Affiliates (other than the Company
Entities), successors and assigns (collectively, the “Releasing Parties”)
hereby, forever waives, releases, remises and discharges the Company Entities and their respective directors, managers, officers
and employees (collectively, the “Released Parties”) from any claim,
liability or obligation that such Releasing Parties may currently have, or may have in the future, arising prior to, on or after
the Closing Date, in each case, solely in such Holder’s capacity as an equityholder of the Company (so long as the facts,
circumstances, actions, omissions and/or events giving rise to such claim, liability or obligation occurred at or prior to the
Effective Time) (i) relating to the Company Entities or the Company Securities owned by such Holder (including any rights or interests
therein), (ii) relating to any alleged inaccuracy or miscalculations in the Distributions Schedule, (iii) relating to the approval
or consummation of the transactions contemplated hereby, the Merger Agreement or any 

 

    6

    

    

Related
Agreement or any other agreement contemplated herein or therein, including any alleged breach of any duty by any officer, manager,
director, equityholder or other owner of ownership interests of any Company Entity, (iv) arising under any Organizational Documents
of the Company Entities or (v) arising from any actions or omissions by the Sellers’ Representative (collectively, the “Released
Claims”); provided, however, that the Released Claims shall not include claims
which may not be released under applicable Law and shall not include any claim, liability or obligation arising from, relating
to or in connection with (A) such Holder’s rights to full and complete payment for such Holder’s Company Shares in
accordance with the Merger Agreement, the Distribution Schedule and the Escrow Agreement, (B) if such Releasing Party is a Service
Provider, rights to earned but unpaid wages or compensation, any accrued but unpaid or unused vacation and paid time off, any
accrued vested benefits, and unreimbursed business expenses, (C) that arise under or are based upon the terms of the Merger
Agreement and the Related Agreements, (D) the Fraud or willful misconduct of a Released Party, (E) any right to indemnification
as a present or former director, manager, officer or equityholder under any Company Entity’s Organizational Documents or
the Law and any applicable policy of directors' and officers' insurance maintained by the Company Entities or (F) any defenses
that are necessary to enable the Holder to defend any claim asserted by a Released Party. Each Holder (on behalf of the Releasing
Parties) (i) represents that it has not assigned or transferred or purported to assign or transfer to any Person all or any part
of, or any interest in, any claim, contention, demand, cause of action (at law or in equity), liability or obligation of any nature,
character or description whatsoever, which is or which purports to be released or discharged by this Section 4(b) and (ii)
acknowledges that the Releasing Parties may hereafter discover facts other than or different from those that it knows or believes
to be true with respect to the subject matter of the Released Claims, but it hereby expressly agrees that, on and as of the Effective
Time, such Holder (on behalf of the Releasing Parties) shall have waived and fully, finally and forever settled and released any
known or unknown, suspected or unsuspected, asserted or unasserted, contingent or noncontingent claim with respect to the Released
Claims, whether or not concealed or hidden, without regard to the subsequent discovery or existence of such different or additional
facts. Each Holder (on behalf of the Releasing Parties) hereby acknowledges and agrees that if such Holder or any other Releasing
Party should hereafter make any claim or demand or commence or threaten to commence any Proceeding against any Released Party
with respect to any Released Claim, this Section 4(b) may be raised as a complete bar to any such Proceeding, and the applicable
Released Party may recover from such Holder all damages incurred in connection with such Proceeding, including its attorneys’
fees.

 

(c)           Non-Solicitation and Non-Disparagement.

 

(i)                
Each Holder hereby acknowledges that it is or may be familiar with the Company Entities’ trade secrets and with other
Confidential Information, and such Holder hereby acknowledges that such Holder is selling all of such Holder’s goodwill
in the Company and the business in which it operates to Buyer in the transactions contemplated by the Merger Agreement and the
Related Agreements. Therefore, such Holder agrees that until the two year anniversary of the Closing (the “Restricted
Period”) in any state or city (or equivalent administrative division) in the United States, the United Kingdom or Sweden
in which any Company Entity conducts business during the Restricted Period (the “Restricted Territory”), it
shall not (and shall cause its Affiliates (excluding any portfolio company of such Holder) not to) directly, or indirectly through
another Person, (i) induce or attempt to induce any employee of

 

    7

    

    

the
Company Entities to leave the employ of the Company Entities, or in any way knowingly interfere with the relationship between
the Company Entities and any employee of the Company Entities or (ii) hire any person who is then an employee of the Company Entities
or who was an employee of the Company Entities on the Closing Date or at any time during the six-month period immediately prior
to the date on which such hiring would take place; provided, however, that a solicitation through a public general advertisement
(including through the use of recruiting firms) and any hiring resulting therefrom, shall not be deemed a breach of this Agreement
so long as such solicitation is not targeted at any such employee.

 

(ii)             
Each Holder agrees that during the Restricted Period, it shall not (and shall cause its Affiliates not to), except to the
extent done in good faith in any claim, suit, action or proceeding against Buyer, Merger Sub or the Company Entities, (i) make
any negative statement or communication regarding Buyer, Merger Sub, or the Company Entities or their respective employees with
the intent to harm any such Person or (ii) make any derogatory or disparaging statement or communication regarding Buyer, Merger
Sub, or the Company Entities or their respective employees that is intended to damage the business or reputation of any such Person.
Nothing in this Section 4(c)(ii) shall limit any Holder’s or its Affiliate’s ability to make true and accurate
statements or communications in connection with any disclosure the Holder or its Affiliates reasonably believe, based upon the
advice of outside counsel, is required pursuant to applicable Law.

 

(iii)           
Each of Buyer and Merger Sub agrees that during the Restricted Period, it shall not (and shall cause its Affiliates not
to), except to the extent done in good faith in any claim, suit, action or proceeding against a Holder, (i) make any negative
statement or communication regarding a Holder or any of such Holder’s respective Affiliates with the intent to harm any
such Person or (ii) make any derogatory or disparaging statement or communication regarding a Holder or any of its respective
Affiliates that is intended to damage the business or reputation of any such Person. Nothing in this Section 4(c)(iii)
shall limit any Buyer’s or Merger Sub’s or their Affiliate’s ability to make true and accurate statements or
communications in connection with any disclosure Buyer, Merger Sub or their Affiliates reasonably believe, based upon the advice
of outside counsel, is required pursuant to applicable Law.

 

(iv)            
Notwithstanding anything to the contrary contained herein, this Section 4(c) shall not apply to any action taken
independently by any portfolio company of any affiliated investment fund or similar investment vehicle of such Holder (it being
understood, without limitation, that such action shall not be deemed to be taken independently if such Holder or any of its Affiliates
(other than the portfolio company) was involved in any respect in such action or the decision to engage in such action, or otherwise
encouraged, facilitated (including through the provision of information) or consented to such action).

 

(d)           Each Holder acknowledges that Buyer and Merger Sub would be unwilling to enter into the Merger Agreement and the Related
Agreements, or consummate the transactions contemplated thereby, in the absence of this Agreement, and that the covenants contained
herein constitute a material inducement to Buyer and Merger Sub to enter into, and consummate the transactions contemplated by
(including payments of the amounts contemplated by), the Merger Agreement and the other Related Agreements. Without limiting the
generality of the foregoing, such Holder (on its own behalf and on behalf of its Affiliates) acknowledges and agrees that the

 

    8

    

    

restrictions
contained in this Section 4 are reasonable and necessary to protect the legitimate interests of Buyer and Merger Sub, including
(following the Closing) the goodwill, trade secrets and confidential information of the Company Entities. Accordingly, it is the
intention of the Parties that if any of the restrictions or covenants contained in this Section 4 are for any reason held
invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions
of this Section 4, and this Section 4 shall be construed as if such invalid, illegal or unenforceable provision
had never been contained herein. It is the further intention of the Parties that if any of the restrictions or covenants contained
herein is held to cover a geographic area or to be for a length of time which is not permitted by applicable Law, or in any way
construed to be too broad or to any extent invalid, such provision shall (to the maximum extent permitted by applicable Law) not
be construed to be null, void and of no effect, but instead shall be construed and interpreted or reformed to provide for a covenant
having the maximum enforceable geographic area, time period and other provisions (not greater than those contained herein) as
shall be valid and enforceable under such applicable Law. If such Holder breaches any provision of this Section 4, with
respect to such breached provision, the Restricted Period shall be tolled and shall not run for the length of such breach.

 

Section
5.               
Company Entity Release. Effective as of the Closing, each of Buyer and Merger Sub on behalf of itself and the Company
Entities, and its and their successors and assigns (collectively, the “Buyer Releasing
Parties”) hereby, forever waives, releases, remises and discharges each Holder from any
claim, liability or obligation that such Buyer Releasing Parties may currently have, or may have in the future, arising prior
to, on or after the Closing Date, in each case, to the extent related to such Holder’s capacity as an equityholder of the
Company; provided, however, that the foregoing shall not apply with respect to claims which may not be released under applicable
Law and any claim arising from or relating to or in connection with the Merger Agreement or any Related Agreement.

 

Section
6.               
Governing Law; Consent to Jurisdiction; WAIVER OF JURY TRIAL. Section 7.13 and Section 7.14 of the Merger Agreement
are incorporated herein by reference, mutatis mutandis. THE PARTIES EACH HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT
PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION (I) ARISING UNDER
THIS AGREEMENT OR (II) IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES IN RESPECT OF THIS AGREEMENT
OR ANY OF THE TRANSACTIONS RELATED TO THIS AGREEMENT, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT,
TORT, EQUITY OR OTHERWISE. THE PARTIES EACH HEREBY AGREE AND CONSENT THAT ANY SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION WILL
BE DECIDED BY COURT TRIAL WITHOUT A JURY AND THAT THE PARTIES MAY FILE AN ORIGINAL COUNTERPART OF A COPY OF THIS AGREEMENT WITH
ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT OF THE PARTIES TO THE IRREVOCABLE WAIVER OF THEIR RIGHT TO TRIAL BY JURY. EACH PARTY
(A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT
SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND
THE OTHER PARTIES HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, 

 

    9

    

    

AMONG
OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 6.

 

Section
7.               
Miscellaneous. 

 

(a)             This Agreement may not be amended, altered, modified or waived except by a written instrument executed by Buyer and each
Holder. No course of dealing between or among any Persons having any interest in this Agreement will be deemed effective to modify,
amend or discharge any part of this Agreement or any rights or obligations of any Person under or by reason of this Agreement.
No waiver of any of the provisions of this Agreement will be deemed or will constitute a waiver of any other provisions, whether
or not similar, nor will any waiver constitute a continuing waiver.

 

(b)             Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under
applicable Law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable Law in any jurisdiction,
such provision will be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without
invalidating the remainder of such provision or the remaining provisions of this Agreement in such jurisdiction or any provision
of this Agreement in any other jurisdiction.

 

(c)             This Agreement and all of the provisions hereof will be binding on and inure to the benefit of each of the Parties and
their respective heirs, successors and permitted assigns. Neither this Agreement nor any of the rights, benefits or obligations
set forth in this Agreement may be assigned (including by operation of law) by any of the Parties without the prior written consent
of Buyer and each Holder and any attempted assignment without such prior written consent will be void.

 

(d)             The Parties agree that irreparable damage, for which monetary relief, even if available, would not be an adequate remedy,
would occur in the event that any provision of this Agreement is not performed in accordance with its specific terms or is otherwise
breached, including if the Parties fail to take any action required of them hereunder to consummate the transactions contemplated
by this Agreement. It is accordingly agreed that (i) the Parties will be entitled to seek an injunction or injunctions, specific
performance or other equitable relief to prevent or restrain breaches or threatened breaches of this Agreement and to enforce
specifically the terms and provisions of this Agreement to prevent such breaches or threatened breaches of, or to enforce compliance
with, the covenants and obligations of this Agreement in the courts described in Section 6 without proof of damages or
otherwise, this being in addition to any other remedy to which they are entitled under this Agreement and (ii) the right of specific
performance and other equitable relief is an integral part of the transactions contemplated by this Agreement and without that
right neither the Buyer nor such Holder would have entered into this Agreement. The Parties agree not to assert that a remedy
of specific performance or other equitable relief is unenforceable, invalid, contrary to law or inequitable for any reason, and
not to assert that a remedy of monetary damages would provide an adequate remedy or that the Parties otherwise have an adequate
remedy at law. The Parties acknowledge and agree that any Party seeking an injunction or injunctions to prevent breaches of this
Agreement and to enforce specifically the terms and provisions of this Agreement in accordance with this Section 7(d) will

 

    10

    

    

not
be required to provide any bond or other security in connection with any such order or injunction.

 

(e)             This Agreement will automatically terminate, without any notice or other action by any person, if the Merger Agreement
is terminated prior to the Effective Time in accordance with the terms of the Merger Agreement. Upon termination of this Agreement,
no Party shall have any obligations or liabilities under this Agreement; provided, however, that nothing set forth in this
‎Section 7(e) shall relieve any Party from liability
for any willful misconduct under this Agreement or Fraud by such Party prior to the termination hereof.

 

(f)              This Agreement may be executed by electronic transmission (i.e., facsimile or electronically transmitted portable document
format (PDF) or DocuSign or similar electronic signature) and in counterparts any one of which need not contain the signatures
of more than one Party, but all such counterparts taken together will constitute one and the same instrument.

 

(g)             Any notice to the Holder hereunder shall be sent to the Sellers’ Representative in accordance with Section 7.4 of
the Merger Agreement.

 

(h)             Whenever the words “include,” “includes” or “including” are used in this Agreement
they will be deemed to be followed by the words “without limitation.” The phrase “to the extent” means
“the degree by which” and not “if” for all purposes of this Agreement. Words denoting any gender will
include all genders (including the neutral gender). Where a word is defined in this Agreement, references to the singular will
include references to the plural and vice versa. Where specific language is used to clarify by example a general statement contained
in this Agreement, such specific language will not be deemed to modify, limit or restrict in any manner the construction of the
general statement to which it relates. A reference to any party to this Agreement or any other agreement or document will include
such party’s successors and permitted assigns. All references to a day or days will be deemed to refer to a calendar day
or calendar days, as applicable, unless otherwise specifically provided and whenever action is required on a day that is not a
Business Day such action may be validly taken on the next Business Day. Any reference to an agreement or Contract in this Agreement
will be a reference to such agreement or Contract as amended, restated, modified, supplemented and/or waived. All references to
an Article, Section or Annex will be deemed to refer to such Article, Section or Annex of this Agreement, unless otherwise specified.
The terms “hereby,” “hereof,” “herein,” “hereinafter,” “hereunder”
and derivative words refer to this entire Agreement, unless the context otherwise requires. The words “either,” “or,”
“neither,” “nor” and “any” are not exclusive. The words “shall” and “will”
denote a directive and obligation, and not an option. 

 

[Remainder
of page intentionally left blank]

 

 

    11

    

    

IN
WITNESS WHEREOF, each Party has duly executed this Agreement, all as of the date first written above.

 

 

	 	BUYER:	 
	 	 	 
	 		 
	 	 	 
	 	 	 
	 	By:		 
	 	Name:		 
	 	Title:		 
	 	 	 	 

 

	 	HOLDER:	 
	 	 	 
	 		 
	 	 	 
	 	 	 
	 	By:		 
	 	Name:		 
	 	Title:		 
	 	 	 	 

  

	 	Company Shares:		 

 

 

 

    [Signature Page to Support Agreement]

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