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          Exhibit 10.15​

        
           BUZZFEED, INC. 
          

          2021 EMPLOYEE STOCK PURCHASE PLAN 
        

        
          1.   PURPOSE.   BuzzFeed, Inc. adopted the Plan effective as of the Effective Date. The purpose of this Plan is to provide eligible Employees of the Company and the Participating Corporations with a means of acquiring an equity interest in the Company, to enhance such Employees’ sense of participation in the affairs of the Company. Capitalized terms not defined elsewhere in the text are defined in Section 28. 
        

        
          2.   ESTABLISHMENT OF PLAN.   The Company proposes to grant options to purchase Shares to eligible Employees of the Company and its Participating Corporations pursuant to this Plan. The Company intends this Plan (other than the Non-Section 423 Component) to qualify as an “employee stock purchase plan” under Section 423 of the Code (including any amendments to or replacements of such Section), and this Plan shall be so construed, although the Company makes no undertaking or representation to maintain such qualification. Any term not expressly defined in this Plan but defined for purposes of Section 423 of the Code shall have the same definition herein. In addition, with regard to offers of options to purchase Shares under the Plan to Employees working for a Subsidiary or an Affiliate outside the United States, this Plan authorizes the grant of options under a Non-Section 423 Component that is not intended to meet Section 423 requirements, provided, to the extent necessary under Section 423 of the Code, the other terms and conditions of the Plan are met. 
        

         Subject to Section 14,
        a total of Two Million Five Hundred and Seven Thousand Six Hundred and Ninety-Five (2,507,695) Shares are reserved for issuance
        under this Plan. In addition, on each January 1 of each of 2022 through 2031, the aggregate number of Shares reserved for
        issuance under the Plan shall be increased automatically by the number of shares equal to one percent (1%) of the total number
        of shares of all classes of Company common stock issued and outstanding on the immediately preceding December 31 (rounded down
        to the nearest whole share); provided,
        that the Board or the Committee may in its sole discretion reduce the amount of the increase in any particular year. Subject to
        Section 14, and notwithstanding anything herein to the contrary, no more than Twenty-Five Million Seventy-Six Thousand Nine
        Hundred and Fifty-One (25,076,951) Shares may be issued over the term of this Plan. The number of Shares initially reserved for
        issuance under this Plan and the maximum number of Shares that may be issued under this Plan shall be subject to adjustments
        effected in accordance with Section 14. Any or all such Shares may be granted under the Section 423 Component. The Shares
        may be newly issued Shares, treasury Shares or Shares acquired on the open market.  

        
          3.   ADMINISTRATION.   The Plan will be administered by the Committee. Subject to the provisions of this Plan and the limitations of Section 423 of the Code or any successor provision in the Code, all questions of interpretation or application of this Plan shall be determined by the Committee and its decisions shall be final and binding upon all eligible Employees and Participants. The Committee will have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility, to designate the Participating Corporations, to determine whether Participating Corporations shall participate in the Section 423 Component or Non-Section 423 Component and to decide upon any and all claims filed under the Plan. Every finding, decision and determination made by the Committee will, to the full extent permitted by law, be final and binding upon all parties. Notwithstanding any provision to the contrary in this Plan, the Committee may adopt rules, sub-plans, and/or procedures relating to the operation and administration of the Plan designed to comply with local laws, regulations or customs or to achieve tax, securities law or other objectives for eligible Employees outside of the United States. The Committee will have the authority to determine the Fair Market Value of the Common Stock (which determination shall be final, binding and conclusive for all purposes) in accordance with Section 8 below and to interpret Section 8 of the Plan in connection with circumstances that impact the Fair Market Value. Members of the Committee shall receive no compensation for their services in connection with the administration of this Plan, other than standard fees as established from time to time by the Board for services rendered by Board members serving on Board committees. All expenses incurred in connection with the administration of this Plan shall be paid by the Company. For purposes of this Plan, the Committee may designate separate offerings under the Plan (the terms of which need not be identical) in which eligible employees of one or more Participating Corporations will participate, and the provisions of the Plan will separately apply to each such separate offering even if the dates of the applicable Offering Periods of each such offering are identical. 
        

      

      
        
           
          

        

      

      
        
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          To the extent permitted by Section 423 of the Code, the terms of each separate offering under the Plan need not be identical, provided that the rights and privileges established with respect to a particular offering are applied in an identical manner to all Employees of every Participating Corporation whose Employees are granted options under that particular offering. The Committee may establish rules to govern the terms of the Plan and the offering that will apply to Participants who transfer employment between the Company and Participating Corporations or between Participating Corporations, in accordance with requirements under Section 423 of the Code to the extent applicable. 
        

        
          4.   ELIGIBILITY.   Any Employee is eligible to participate in an Offering Period under this Plan, except that one or more of the following categories of Employees may be excluded from coverage under the Plan by the Committee (other than where such exclusion is prohibited by applicable law): 
        

        
          (a)   Employees who do not meet eligibility requirements that the Committee may choose to impose (within the limits permitted by the Code); 
        

        
          (b)   Employees who are not employed by the Company or a Participating Corporation prior to the beginning of such Offering Period or prior to such other time period as specified by the Committee; 
        

        
          (c)   Employees who have been employed for less than two (2) years; 
        

        
          (d)   Employees who are customarily employed for twenty (20) or less hours per week; 
        

        
          (e)   Employees who are customarily employed for five (5) months or less in a calendar year; 
        

        
          (f)   (i) Employees who are “highly compensated employees” ​(within the meaning of Section 414(q) of the Code), or (ii) any Employees who are “highly compensated employees” with compensation above a specified level, who is an officer and/or is subject to the disclosure requirements of Section 16(a) of the Exchange Act; 
        

        
          (g)   Employees who are citizens or residents of a foreign jurisdiction (without regard to whether they are also a citizen of the United States or a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code)) if either (i) such Employee’s participation is prohibited under the laws of the jurisdiction governing such Employee, or (ii) compliance with the laws of the foreign jurisdiction would violate the requirements of Section 423 of the Code; and 
        

        
          (h)   individuals who provide services to the Company or any of its Participating Corporations who are reclassified as common law employees for any reason except for federal income and employment tax purposes. 
        

        
          The foregoing notwithstanding, an individual shall not be eligible if his or her participation in the Plan is prohibited by the law of any country that has jurisdiction over him or her, if complying with the laws of the applicable country would cause the Plan to violate Section 423 of the Code, or if he or she is subject to a collective bargaining agreement that does not provide for participation in the Plan. 
        

        
          (i)   No Employee who, together with any other person whose stock would be attributed to such Employee pursuant to Section 424(d) of the Code, owns stock or holds options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or its Parent or Subsidiary or who, as a result of being granted an option under this Plan with respect to such Offering Period, would own stock or hold options to purchase stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or its Parent or Subsidiary shall be granted an option to purchase Common Stock under the Plan. Notwithstanding the foregoing, the rules of Section 424(d) of the Code shall apply in determining share ownership and the extent to which shares held under outstanding equity awards are to be treated as owned by the Employee. 
        

        
          5.   OFFERING PERIODS. 
        

        
          (a)   Each Offering Period of this Plan may be of up to twenty-seven (27) months duration and shall commence and end at the times designated by the Committee. Each Offering Period shall consist 
        

      

      
        
           
          

        

      

      
        
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          of one or more Purchase Periods during which Contributions made by Participants are accumulated and Plan options shall be exercised in accordance with the Plan. 
        

        
          6.   PARTICIPATION IN THIS PLAN. 
        

        
          (a)   An eligible Employee, determined in accordance with Section 4, may participate in this Plan, subject to the requirement of Section 6(b) hereof and the other terms and provisions of this Plan. 
        

        
          (b)   An eligible Employee may elect to participate in this Plan and become a Participant by submitting an enrollment agreement prior to the commencement of the Offering Period (on such date as the Committee may determine) to which such agreement relates. 
        

        
          (c)   Once an eligible Employee becomes a Participant in an Offering Period, then such Participant will automatically participate in each subsequent Offering Period commencing immediately following the last day of the prior Offering Period at the same contribution level unless the Participant changes the contribution level, withdraws or is deemed to withdraw from this Plan or terminates further participation in an Offering Period in accordance with the Plan. A Participant who is continuing participation pursuant to the preceding sentence is not required to file any additional enrollment agreement in order to continue participation in this Plan. A Participant who is not continuing participation pursuant to the preceding sentence is required to file an enrollment agreement prior to the commencement of the Offering Period (or such earlier date as the Committee may determine) to which such agreement relates. 
        

        
          7.   GRANT OF OPTION ON ENROLLMENT.   Becoming a Participant with respect to an Offering Period will constitute the grant (as of the Offering Date) by the Company to such Participant of an option to purchase on the Purchase Date up to that number of Shares determined, subject to Plan limitations, by a fraction, the numerator of which is the amount accumulated in such Participant’s Contribution account during such Purchase Period and the denominator of which is the applicable Purchase Price (rounded down to the nearest whole Share); provided, however, that the number of Shares subject to any option granted pursuant to this Plan shall not exceed the lesser of (x) the maximum number of Shares set by the Committee pursuant to Section 10(b) below with respect to the applicable Purchase Date, or (y) the maximum number of Shares which may be purchased pursuant to Section 10(a) below with respect to the applicable Purchase Date. 
        

        
          8.   PURCHASE PRICE.   The Purchase Price per Share at which a Share will be sold in any Offering Period shall be eighty-five percent (85%) (or a higher percentage designated by the Committee) of the lesser of: 
        

        
          (a)   The Fair Market Value on the Offering Date; or 
        

        
          (b)   The Fair Market Value on the Purchase Date; provided, that the Purchase Price will in no event less be than the par value of a Share. 
        

        
          9.   PAYMENT OF PURCHASE PRICE; CONTRIBUTION CHANGES; SHARE ISSUANCES. 
        

        
          (a)   The Purchase Price shall be accumulated by regular payroll deductions made during each Purchase Period, unless the Committee determines that contributions may be made in another form (including but not limited to with respect to categories of Participants outside the United States that Contributions may be made in another form due to local legal requirements). The Contributions are made as a percentage of the Participant’s Compensation in one percent (1%) increments not less than one percent (1%), nor greater than fifteen percent (15%) or such lower limit set by the Committee. “Compensation” shall mean base salary or regular hourly wages; however, the Committee shall have discretion to adopt a definition of Compensation from time to time of all cash compensation reported on the Participant’s Form W-2 or corresponding local country tax return, including without limitation base salary or regular hourly wages, bonuses, incentive compensation, commissions, overtime, shift premiums, pay during leaves of absence, and draws against commissions (or in foreign jurisdictions, equivalent cash compensation). For purposes of determining a Participant’s Compensation, any election by such Participant to reduce his or her regular cash remuneration under Sections 125 or 401(k) of the Code (or in foreign jurisdictions, equivalent deductions) shall be treated as if the Participant did not 
        

      

      
        
           
          

        

      

      
        
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          make such election. Contributions shall commence on the first payday following the beginning of any Offering Period and shall continue to the end of the Offering Period unless sooner altered or terminated as provided in this Plan. Notwithstanding the foregoing, the terms of any sub-plan may permit matching Shares without the payment of any purchase price. 
        

        
          (b)   A Participant may decrease the rate of Contributions during an Offering Period, or if permitted by the Committee, a Purchase Period, by filing with the Company or a third party designated by the Company a new authorization for Contributions, with the new rate to become effective no later than the second payroll period commencing after the Company’s receipt of the authorization and continuing for the remainder of the Offering Period unless changed as described below. A decrease in the rate of Contributions may be made once during an Offering Period or more frequently under rules determined by the Committee. A Participant may increase or decrease the rate of Contributions for any subsequent Offering Period by filing with the Company or a third party designated by the Company a new authorization for Contributions prior to the beginning of such Offering Period, or such other time period as specified by the Committee. 
        

        
          (c)   A Participant may reduce his or her Contribution percentage to zero during an Offering Period by filing with the Company or a third party designated by the Company a request for cessation of Contributions. Such reduction shall be effective beginning no later than the second payroll period after the Company’s receipt of the request and no further Contributions will be made for the duration of the Offering Period. Contributions credited to the Participant’s account prior to the effective date of the request shall be used to purchase Shares in accordance with Subsection (e) below. A reduction of the Contribution percentage to zero shall be treated as such Participant’s withdrawal from such Offering Period and the Plan, effective as of the day after the next Purchase Date following the filing date of such request with the Company. 
        

        
          (d)   All Contributions made for a Participant are credited to his or her book account under this Plan and are deposited with the general funds of the Company, except to the extent local legal restrictions outside the United States require segregation of such Contributions. No interest accrues on the Contributions, except to the extent required due to local legal requirements. All Contributions received or held by the Company may be used by the Company for any corporate purpose, and the Company shall not be obligated to segregate such Contributions, except to the extent necessary to comply with local legal requirements outside the United States. 
        

        
          (e)   On each Purchase Date, so long as this Plan remains in effect and provided that the Participant has not submitted a signed and completed withdrawal form before that date which notifies the Company that the Participant wishes to withdraw from that Offering Period under this Plan and have all Contributions accumulated in the account maintained on behalf of the Participant as of that date returned to the Participant, the Company shall apply the funds then in the Participant’s account to the purchase of whole Shares reserved under the option granted to such Participant with respect to the Offering Period to the extent that such option is exercisable on the Purchase Date. The Purchase Price per share shall be as specified in Section 8 of this Plan. Any fractional share, as calculated under this Subsection (e), shall be rounded down to the next lower whole share, unless the Committee determines with respect to all Participants that any fractional share shall be credited as a fractional share. Any amount remaining in a Participant’s account on a Purchase Date which is less than the amount necessary to purchase a full share of the Common Stock shall be carried forward without interest into the next Purchase Period; however, the Committee may from time to time provide that such amounts shall be refunded without interest (except to the extent necessary to comply with local legal requirements outside the United States). In the event that this Plan has been oversubscribed, all funds not used to purchase Shares on the Purchase Date shall be returned to the Participant, without interest (except to the extent required due to local legal requirements outside the United States). No Common Stock shall be purchased on a Purchase Date on behalf of any Employee whose participation in this Plan has terminated prior to such Purchase Date, except to the extent required due to local legal requirements outside the United States. 
        

        
          (f)   As promptly as practicable after the Purchase Date, the Company shall issue Shares for the Participant’s benefit representing the Shares purchased upon exercise of his or her option. 
        

      

      
        
           
          

        

      

      
        
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          (g)   During a Participant’s lifetime, his or her option to purchase Shares hereunder is exercisable only by him or her. The Participant will have no interest or voting right in Shares covered by his or her option until such option has been exercised and the Shares have been issued. 
        

        
          (h)   To the extent required by applicable federal, state, local or foreign law, a Participant shall make arrangements satisfactory to the Company and the Participating Corporation employing the Participant for the satisfaction of any withholding tax obligations that arise in connection with the Plan. The Company or any Subsidiary or Affiliate, as applicable, may withhold, by any method permissible under the applicable law, the amount necessary for the Company or Subsidiary or Affiliate, as applicable, to meet applicable withholding obligations, including any withholding required to make available to the Company or Subsidiary or Affiliate, as applicable, any tax deductions or benefits attributable to the sale or early disposition of Shares by a Participant. The Company shall not be required to issue any Shares under the Plan until such obligations are satisfied. 
        

        
          10.   LIMITATIONS ON SHARES TO BE PURCHASED. 
        

        
          (a)   Any other provision of the Plan notwithstanding, no Participant shall purchase Common Stock with a Fair Market Value in excess of the following limit: 
        

        
          (i)   In the case of Common Stock purchased during an Offering Period that commenced in the current calendar year, the limit shall be equal to (A) $25,000 minus (B) the Fair Market Value of the Common Stock that the Participant previously purchased in the current calendar year (under this Plan and all other employee stock purchase plans of the Company or any Parent or Subsidiary). 
        

        
          (ii)   In the case of Common Stock purchased during an Offering Period that commenced in the immediately preceding calendar year, the limit shall be equal to (A) $50,000 minus (B) the Fair Market Value of the Common Stock that the Participant previously purchased (under this Plan and all other employee stock purchase plans of the Company or any Parent or Subsidiary) in the current calendar year and in the immediately preceding calendar year. 
        

        
          For purposes of this Subsection (a), the Fair Market Value of Common Stock shall be determined in each case as of the beginning of the Offering Period in which such Common Stock is purchased. Employee stock purchase plans not described in Section 423 of the Code shall be disregarded. If a Participant is precluded by this Subsection (a) from purchasing additional Common Stock under the Plan, then his or her Contributions shall automatically be discontinued and shall automatically resume at the beginning of the earliest Purchase Period that will end in the next calendar year (if he or she then is an eligible Employee), provided that when the Company automatically resumes such Contributions, the Company must apply the rate in effect immediately prior to such suspension. 
        

        
          (b)   In no event shall a Participant be permitted to purchase more than 2,500 Shares on any one Purchase Date or such lesser number as the Committee shall determine. If a lower limit is set under this Subsection (b), then all Participants will be notified of such limit prior to the commencement of the next Offering Period for which it is to be effective. 
        

        
          (c)   If the number of Shares to be purchased on a Purchase Date by all Participants exceeds the number of Shares then available for issuance under this Plan, then the Company will make a pro rata allocation of the remaining Shares in as uniform a manner as shall be reasonably practicable and as the Committee shall determine to be equitable. In such event, the Company will give notice of such reduction of the number of Shares to be purchased under a Participant’s option to each Participant affected. 
        

        
          (d)   Any Contributions accumulated in a Participant’s account which are not used to purchase Shares due to the limitations in this Section 10, and not covered by Section 9(e), shall be returned to the Participant as soon as practicable after the end of the applicable Purchase Period, without interest (except to the extent required due to local legal requirements outside the United States). 
        

      

      
        
           
          

        

      

      
        
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          11.   WITHDRAWAL. 
        

        
          (a)   Each Participant may withdraw from an Offering Period under this Plan pursuant to a method specified for such purpose by the Company. Such withdrawal may be elected at any time prior to the end of an Offering Period, or such other time period as specified by the Committee. 
        

        
          (b)   Upon withdrawal from this Plan, the accumulated Contributions shall be returned to the withdrawn Participant, without interest (except to the extent required due to local legal requirements outside the United States), and his or her interest in this Plan shall terminate. In the event a Participant voluntarily elects to withdraw from this Plan, he or she may not resume his or her participation in this Plan during the same Offering Period, but he or she may participate in any Offering Period under this Plan which commences on a date subsequent to such withdrawal by filing a new authorization for Contributions in the same manner as set forth in Section 6 above for initial participation in this Plan. 
        

        
          (c)   To the extent applicable, if the Fair Market Value on the Offering Date of the current Offering Period in which a participant is enrolled is higher than the Fair Market Value on the Offering Date of any subsequent Offering Period, the Company will, if determined by the Committee, automatically enroll such participant in the subsequent Offering Period. Any funds accumulated in a Participant’s account prior to the Offering Date of such subsequent Offering Period will be applied to the purchase of Shares on the Purchase Date immediately prior to the Offering Date of such subsequent Offering Period, if any. 
        

        
          12.   TERMINATION OF EMPLOYMENT.   If Participant’s employment terminates for any reason, including retirement, death, disability, or the failure of a Participant to remain an eligible Employee of the Company or of a Participating Corporation, the Participant will immediately cease participation in this Plan (except as required due to local legal requirements outside the United States). In such event, accumulated Contributions credited to the Participant’s account will be returned to him or her or, in the case of his or her death, to his or her legal representative, without interest (except to the extent required due to local legal requirements outside the United States). For purposes of this Section 12, an Employee will not be deemed to have terminated employment or failed to remain in the continuous employ of the Company or of a Participating Corporation in the case of sick leave, military leave, or any other leave of absence approved by the Company; provided that such leave is for a period of not more than ninety (90) days or reemployment upon the expiration of such leave is guaranteed by contract or statute. The Company will have sole discretion to determine whether a Participant has terminated employment and the effective date on which the Participant terminated employment, regardless of any notice period or garden leave required under local law. 
        

        
          13.   RETURN OF CONTRIBUTIONS.   In the event a Participant’s interest in this Plan is terminated by withdrawal, termination of employment or otherwise, or in the event this Plan is terminated by the Board, the Company shall deliver to the Participant all accumulated Contributions credited to such Participant’s account. No interest shall accrue on the Contributions of a Participant in this Plan (except to the extent required due to local legal requirements outside the United States). 
        

        
          14.   CAPITAL CHANGES.   If the number or class of outstanding Shares is changed by a stock dividend, recapitalization, stock split, reverse stock split, subdivision, combination, reclassification or similar change in the capital structure of the Company, without consideration, then the Committee shall adjust the number and class of Common Stock that may be delivered under the Plan, the Purchase Price per share and the number of Shares covered by each option under the Plan which has not yet been exercised, and the numerical limits of Section 2 shall be proportionately adjusted, subject to any required action by the Board or the stockholders of the Company and in compliance with the applicable securities laws; provided that fractions of a share will not be issued. 
        

        
          15.   NONASSIGNABILITY.   Neither Contributions credited to a Participant’s account nor any rights with regard to the exercise of an option or to receive Shares under this Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of descent and distribution or as provided in Section 22 below) by the Participant. Any such attempt at assignment, transfer, pledge or other disposition shall be void and without effect. 
        

      

      
        
           
          

        

      

      
        
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          16.   USE OF PARTICIPANT FUNDS AND REPORTS; STOCKHOLDER RIGHTS.   The Company may use all Contributions received or held by it under the Plan for any corporate purpose, and the Company will not be required to segregate Participant Contributions (except to the extent required due to local legal requirements outside the United States). Until Shares are issued, Participants will only have the rights of an unsecured creditor unless otherwise required under local law. Each Participant shall receive, or have access to, promptly after the end of each Purchase Period a report of his or her account setting forth the total Contributions accumulated, the number of Shares purchased, the per share price thereof and the remaining cash balance, if any, carried forward to the next Purchase Period or Offering Period, as the case may be. Until the Shares are issued, a Participant will have no right to vote or receive dividends and no other stockholder rights will exist with respect to the Shares. 
        

        
          17.   NOTICE OF DISPOSITION.   Each U.S. taxpayer Participant shall notify the Company in writing if the Participant disposes of any of the Shares purchased in any Offering Period pursuant to this Plan if such disposition occurs within two (2) years from the Offering Date or within one (1) year from the Purchase Date on which such shares were purchased (the “Notice Period”). The Company may, at any time during the Notice Period, place a legend or legends on any certificate representing Shares acquired pursuant to this Plan requesting the Company’s transfer agent to notify the Company of any transfer of the Shares. The obligation of the Participant to provide such notice shall continue notwithstanding the placement of any such legend on the certificates. 
        

        
          18.   NO RIGHTS TO CONTINUED EMPLOYMENT.   Neither this Plan nor the grant of any option hereunder shall confer any right on any Employee to remain in the employ of the Company or any Participating Corporation or restrict the right of the Company or any Participating Corporation to terminate such Employee’s employment. 
        

        
          19.   EQUAL RIGHTS AND PRIVILEGES.   Notwithstanding anything herein to the contrary, all eligible Employees granted an option under the Section 423 Component of this Plan shall have equal rights and privileges with respect to this Plan or within any separate offering under the Plan so that this Plan qualifies as an “employee stock purchase plan” within the meaning of Section 423 or any successor provision of the Code and the related regulations. Any provision of this Plan which is inconsistent with Code Section 423 or any successor provision, without further act or amendment by the Company, the Committee or the Board, shall be reformed to comply with the requirements of Code Section 423 (unless such provision applies exclusively to options granted that are not intended to comply with Section 423 requirements). This Section 19 shall take precedence over all other provisions in this Plan. 
        

        
          20.   NOTICES.   All notices or other communications by a Participant to the Company under or in connection with this Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt thereof. 
        

        
          21.   TERM; STOCKHOLDER APPROVAL.   This Plan shall be approved by the stockholders of the Company, in a manner that complies with Treasury Regulation Section 1.423-2(c), within twelve (12) months before or after the date this Plan is adopted by the Board. Subject to the foregoing, the Plan will become effective on the Effective Date. No purchase of Shares that are subject to such stockholder approval before becoming available under this Plan shall occur prior to stockholder approval of such Shares and the Board or Committee may delay any Purchase Date and postpone the commencement of any Offering Period subsequent to such Purchase Date as deemed necessary or desirable to obtain such approval (provided that if a Purchase Date would occur more than six (6) months after commencement of the Offering Period to which it relates, then such Purchase Date shall not occur and instead such Offering Period shall terminate without the purchase of such Shares and Participants in such Offering Period shall be refunded their Contributions without interest). This Plan shall continue until the earlier to occur of (a) termination of this Plan by the Board (which termination may be effected by the Board at any time pursuant to Section 25 below), (b) issuance of all of the Shares reserved for issuance under this Plan, or (c) the tenth anniversary of the Effective Date. 
        

        
          22.   DESIGNATION OF BENEFICIARY. 
        

        
          (a)   If authorized by the Committee, a Participant may file a written designation of a beneficiary who is to receive any cash from the Participant’s account under this Plan in the event of such Participant’s 
        

      

      
        
           
          

        

      

      
        
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          death prior to a Purchase Date. Such form shall be valid only if it was filed with the Company at the prescribed location before the Participant’s death. 
        

        
          (b)   If authorized by the Company, such designation of beneficiary may be changed by the Participant at any time by written notice filed with the Company at the prescribed location before the Participant’s death. If no such beneficiary has been designated (to the knowledge of the Company), then, in the event of the death of a Participant the Company, in its discretion, may deliver such cash to the Participant’s estate or legal heirs, or if no such estate or legal heirs are known to the Company, then to the Participant’s spouse or, if no estate, legal heir, or spouse is known to the Company, then to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Company, then to such other person as the Company may designate. 
        

        
          23.   CONDITIONS UPON ISSUANCE OF SHARES; LIMITATION ON SALE OF SHARES.   Shares shall not be issued with respect to an option unless (i) the requirements of Section 9(h) have been satisfied and (ii) the exercise of such option and the issuance and delivery of such Shares pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation, the U.S. Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder, and the requirements of any stock exchange or automated quotation system upon which the Shares may then be listed, exchange control restrictions and/or securities law restrictions outside the United States, and shall be further subject to the approval of counsel for the Company with respect to such compliance. Shares may be held in trust or subject to further restrictions as permitted by any subplan. 
        

        
          24.   APPLICABLE LAW.   The Plan shall be governed by the substantive laws (excluding the conflict of laws rules) of the State of Delaware. 
        

        
          25.   AMENDMENT OR TERMINATION.   The Committee, in its sole discretion, may amend, suspend or terminate the Plan, or any part thereof, at any time and for any reason. Unless otherwise required by applicable law, if the Plan is terminated, the Committee, in its discretion, may elect to terminate all outstanding Offering Periods either immediately or upon completion of the purchase of Shares on the next Purchase Date (which may be sooner than originally scheduled, if determined by the Committee in its discretion), or may elect to permit Offering Periods to expire in accordance with their terms (and subject to any adjustment pursuant to Section 14). If an Offering Period is terminated prior to its previously-scheduled expiration, all amounts then credited to Participants’ accounts for such Offering Period, which have not been used to purchase Shares, shall be returned to those Participants (without interest thereon, except as otherwise required under local laws) as soon as administratively practicable. Further, the Committee will be entitled to change the Purchase Periods and Offering Periods, limit the frequency and/or number of changes in the amount contributed during an Offering Period or Purchase Period, as applicable, establish the exchange ratio applicable to amounts contributed in a currency other than U.S. dollars, permit payroll withholding in excess of the amount designated by a Participant in order to adjust for delays or mistakes in the administration of the Plan, establish reasonable waiting and adjustment periods and/or accounting and crediting procedures to ensure that amounts applied toward the purchase of Common Stock for each Participant properly correspond with amounts contributed from the Participant’s Compensation, and establish such other limitations or procedures as the Committee determines in its sole discretion advisable which are consistent with the Plan. Such actions will not require stockholder approval or the consent of any Participants. However, no amendment shall be made without approval of the stockholders of the Company (obtained in accordance with Section 21 above) within twelve (12) months of the adoption of such amendment (or earlier if required by Section 21) if such amendment would: (a) increase the number, or change the type, of Shares that may be issued under this Plan; or (b) change the Plan in any manner that would be considered the adoption of a new plan within the meaning of Treasury Regulation Section 1.423-2(c)(4). In addition, in the event the Board or Committee determines that the ongoing operation of the Plan may result in unfavorable financial accounting consequences, the Board or Committee may, in its discretion and, to the extent necessary or desirable, modify, amend or terminate the Plan to reduce or eliminate such accounting consequences including, but not limited to: (i) amending the definition of Compensation, including with respect to an Offering Period underway at the time; (ii) altering the Purchase Price for any Offering Period including an Offering Period underway at the time of the change in Purchase Price; (iii) shortening any Offering Period, including an Offering Period underway at the time of the Committee’s action, by setting a new Purchase Date; (iv) reducing the maximum percentage of Compensation a Participant may elect to set 
        

      

      
        
           
          

        

      

      
        
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          aside as Contributions; and (v) reducing the maximum number of Shares a Participant may purchase during any Offering Period. Such modifications or amendments will not require approval of the stockholders of the Company or the consent of any Participants. 
        

        
          26.   CORPORATE TRANSACTIONS.   In the event of a Corporate Transaction, the Offering Period for each outstanding right to purchase Common Stock will be shortened by setting a new Purchase Date and will end on the new Purchase Date. The new Purchase Date shall occur on or prior to the consummation of the Corporate Transaction, as determined by the Board or Committee, and the Plan shall terminate on the consummation of the Corporate Transaction. 
        

        
          27.   CODE SECTION 409A; TAX QUALIFICATION. 
        

        
          (a)   Options granted under the Plan generally are exempt from the application of Section 409A of the Code and, accordingly, to the maximum extent permitted, the Plan shall be interpreted and administered to be exempt from Section 409A. However, options granted to U.S. taxpayers which are not intended to meet the Code Section 423 requirements are intended to be exempt from the application of Section 409A of the Code under the short-term deferral exception and any ambiguities shall be construed and interpreted in accordance with such intent. Subject to Subsection (b), options granted to U.S. taxpayers outside of the Code Section 423 requirements shall be subject to such terms and conditions that will permit such options to satisfy the requirements of the short-term deferral exception available under Section 409A of the Code, including the requirement that the Shares subject to an option be delivered within the short-term deferral period, and any ambiguities shall be construed and interpreted in accordance with that intent. Subject to Subsection (b), in the case of a Participant who would otherwise be subject to Section 409A of the Code, to the extent the Committee determines that an option or the exercise, payment, settlement or deferral thereof is subject to Section 409A of the Code, the option shall be granted, exercised, paid, settled or deferred in a manner that will comply with Section 409A of the Code, including Treasury regulations and other interpretive guidance issued thereunder, including without limitation any such regulations or other guidance that may be issued after the Effective Date. Notwithstanding the foregoing, none of the Company, or any Parent or Subsidiary, the Committee or any of their respective executives, members, partners, directors, officers or affiliates shall have any obligation to take any action to prevent the assessment of any additional tax or penalty on any Participant under Section 409A and, by becoming a Plan Participant, the Participant acknowledges and agrees that none of the Company, the Committee or any of their respective affiliates will have any liability to the Participant for any such tax or penalty. 
        

        
          (b)   Although the Company may endeavor to (i) qualify an option for favorable tax treatment under the laws of the United States or jurisdictions outside of the United States or (ii) avoid adverse tax treatment (e.g., under Section 409A of the Code), the Company makes no representation to that effect and expressly disavows any covenant to maintain favorable or avoid unfavorable tax treatment, notwithstanding anything to the contrary in this Plan, including Subsection (a). The Company shall be unconstrained in its corporate activities without regard to the potential negative tax impact on Participants under the Plan. 
        

        
          28.   DEFINITIONS. 
        

        
          “Affiliate” means any entity, other than a Subsidiary or Parent, (i) that, directly or indirectly, is controlled by, controls or is under common control with, the Company and (ii) in which the Company has a significant equity interest, in either case as determined by the Committee, whether now or hereafter existing. 
        

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

        
          “Business Combination” means the business combination effected pursuant to the Business Combination Agreement. 
        

        “Business
        Combination Agreement” means the means the Agreement and Plan of Merger,
        by and among BuzzFeed, Inc., 890 5th Avenue Partners, Inc, and certain other parties thereto, as it may be amended
        from time to time. 

      

      
        
           
          

        

      

      
        
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          “Code” shall mean the U.S. Internal Revenue Code of 1986, as amended, and any successor thereto. 
        

        
          “Committee” shall mean the Compensation Committee of the Board or those persons to whom administration of the Plan, or part of the Plan, has been delegated as permitted by law. 
        

        “Company”
shall mean BuzzFeed, Inc. or any successor corporation. 

        
          “Contributions” means payroll deductions taken from a Participant’s Compensation and used to purchase Shares under the Plan and, to the extent payroll deductions are not permitted by applicable laws (as determined by the Committee in its sole discretion) contributions by other means, provided, however, that allowing such other contributions does not jeopardize the qualification of the Plan as an “employee stock purchase plan” under Code Section 423. 
        

        
          “Corporate Transaction” means 
        

        
          (a)   any “Person” ​(as such term is used in Sections 13(d) and 14(d) of the Exchange Act) becomes the “beneficial owner” ​(as defined in Rule 13d-3 of the Exchange Act), directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the total voting power represented by the Company’s then-outstanding voting securities; provided, however, that for purposes of this subclause (a) the acquisition of additional securities by any one Person who is considered to own more than fifty percent (50%) of the total voting power of the securities of the Company will not be considered a Corporate Transaction; 
        

        
          (b)   the consummation of the sale or disposition by the Company of all or substantially all of the Company’s assets; 
        

        
          (c)   the consummation of a merger or consolidation of the Company with any other corporation, other than a merger or consolidation which would result in the voting securities of the Company outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of the surviving entity or its parent) at least fifty percent (50%) of the total voting power represented by the voting securities of the Company or such surviving entity or its parent outstanding immediately after such merger or consolidation; 
        

        
          (d)   any other transaction which qualifies as a “corporate transaction” under Section 424(a) of the Code wherein the stockholders of the Company give up all of their equity interest in the Company (except for the acquisition, sale or transfer of all or substantially all of the outstanding shares of the capital stock of the Company) or 
        

        
          (e)   a change in the effective control of the Company that occurs on the date that a majority of members of the Board is replaced during any twelve (12) month period by members of the Board whose appointment or election is not endorsed by a majority of the members of the Board prior to the date of the appointment or election. For purpose of this subclause (e), if any Person is considered to be in effective control of the Company, the acquisition of additional control of the Company by the same Person will not be considered a Corporate Transaction. 
        

        
          For purposes of this definition, Persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. Notwithstanding the foregoing, to the extent that any amount constituting deferred compensation (as defined in Section 409A of the Code) would become payable under this Plan by reason of a Corporate Transaction, such amount shall become payable only if the event constituting a Corporate Transaction would also qualify as a change in ownership or effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, each as defined within the meaning of Code Section 409A, as it has been and may be amended from time to time, and any proposed or final Treasury Regulations and IRS guidance that has been promulgated or may be promulgated thereunder from time to time. 
        

        
          “Effective Date” means the closing date of the Business Combination. 
        

        
          “Employee” means any person who renders services to the Company or a Parent or Subsidiary of the Company that is a Participating Corporation, or solely for purposes of the Non-Section 423 Component, 
        

      

      
        
           
          

        

      

      
        
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          an Affiliate of the Company that is a Participating Corporation, as an employee pursuant to an employment relationship with such employer. For purposes of the Plan with respect to any Section 423 Component, the employment relationship shall be treated as continuing intact while the individual is on military leave, sick leave or other leave of absence approved the Company or a Participating Corporation that meets the requirements of Treasury Regulation Section 1.421-1(h)(2). With respect to any Section 423 Component, where the period of leave exceeds three (3) months, and the individual’s right to reemployment is not provided by statute or contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three-month period. The Committee shall have discretion to determine whether the employment relationship shall continue intact with respect to any leaves of absence with respect to any non-Section 423 Component, except as otherwise required by applicable laws. 
        

        
          “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended. 
        

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

        
          (a)   if the Shares are publicly traded and are then listed or admitted to trading on a national securities exchange, its closing price on the date of determination on the principal national securities exchange on which the Shares are listed or admitted to trading (or, if no Shares were traded on such date, on the last preceding date on which there was a sale of a Share on the exchange); 
        

        
          (b)   if the Shares are publicly traded but are neither listed nor admitted to trading on a national securities exchange, the average of the closing bid and asked prices for the Shares on the last preceding date on which there was a sale of a Share on the exchange; or 
        

        
          (c)   if none of the foregoing is applicable, by the Board or the Committee in good faith in a manner intended to satisfy the requirements of Code Section 409A or Code Section 422, if applicable. 
        

        
          “Non-Section 423 Component” means the part of the Plan which is not intended to meet the requirements set forth in Section 423 of the Code. 
        

        
          “Notice Period” means within two (2) years from the Offering Date or within one (1) year from the Purchase Date on which such Shares were purchased. 
        

        
          “Offering Date” means the first business day of each Offering Period. 
        

        
          “Offering Period” means a period with respect to which the right to purchase Common Stock may be granted under the Plan, as determined by the Committee pursuant to Section 5(a). 
        

        
          “Parent” shall have the same meaning as “parent corporation” in Code Section 424(e). 
        

        
          “Participant” means an eligible Employee who meets the eligibility requirements set forth in Section 4 and who elects to participate in this Plan pursuant to Section 6(b). 
        

        
          “Participating Corporation” means any Parent, Subsidiary or Affiliate that the Committee designates from time to time as eligible to participate in this Plan. For purposes of the Section 423 Component, only the Parent and Subsidiaries may be Participating Corporations, provided, however, that at any given time a Parent or Subsidiary that is a Participating Corporation under the Section 423 Component shall not be a Participating Corporation under the Non-Section 423 Component. The Committee may provide that any Participating Corporation shall only be eligible to participate in the Non-Section 423 Component. 
        

        
          “Plan” means this 890 5th Avenue Partners, Inc. 2021 Employee Stock Purchase Plan, as may be amended from time to time. 
        

        
          “Purchase Date” means the last business day of each Purchase Period. 
        

        
          “Purchase Period” means a period during which Contributions may be made toward the purchase of Common Stock under the Plan, as determined by the Committee pursuant to Section 5(b). 
        

        
          “Purchase Price” means the price at which Participants may purchase Shares under the Plan, as determined pursuant to Section 8. 
        

      

      
        
           
          

        

      

      
        
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          “Section 423 Component” means the part of the Plan, which excludes the Non-Section 423 Component, pursuant to which options to purchase Shares under the Plan that satisfy the requirements for “employee stock purchase plans” set forth in Section 423 of the Code may be granted to eligible employees. 
        

        
          “Shares” means shares of the Class A common stock of the Company and the common stock of any successor entity and any stock or other securities into which such common stock may be converted or into which it may be exchanged. 
        

        
          “Subsidiary” shall have the same meaning as “subsidiary corporation” in Code Section 424(f).
        

      

      
        
           
          

        

      

      
        
          12Exhibit 10.16

 

INDEMNITY AGREEMENT

 

This Indemnity Agreement, dated as of _____________,
2021 is made by and between BuzzFeed, Inc., a Delaware corporation (the “Company”), and _____________________,
a director, officer or key employee of the Company or one of the Company’s Subsidiaries or Affiliates (as those terms are defined
below) or other service provider who satisfies the definition of Indemnifiable Person set forth below (“Indemnitee”).

 

RECITALS

 

A.       The
Company is aware that competent and experienced persons are increasingly reluctant to serve as representatives of corporations unless
they are protected by comprehensive liability insurance and indemnification, due to increased exposure to litigation costs and risks resulting
from their service to such corporations, and due to the fact that the exposure frequently bears no relationship to the compensation of
such representatives;

 

B.       The
members of the Board of Directors of the Company (the “Board”) have concluded that to retain and attract talented
and experienced individuals to serve as representatives of the Company and its Subsidiaries and Affiliates and to encourage such individuals
to take the business risks necessary for the success of the Company and its Subsidiaries and Affiliates, it is necessary for the Company
to contractually indemnify certain of its representatives and the representatives of its Subsidiaries and Affiliates, and to assume for
itself maximum liability for Expenses and Other Liabilities (as those terms are defined below) in connection with claims against such
representatives in connection with their service to the Company and its Subsidiaries and Affiliates;

 

C.       Section
145 of the Delaware General Corporation Law (“Section 145”), empowers the Company to indemnify by agreement
its officers, directors, employees and agents, and persons who serve, at the request of the Company, as directors, officers, employees
or agents of other corporations, partnerships, joint ventures, trusts or other enterprises. The Bylaws of the Company (the “Bylaws”)
require indemnification of the directors and officers of the Company subject to specific terms and conditions. Indemnitee may also be
entitled to indemnification pursuant to Section 145. The Bylaws and Section 145 expressly provide that the indemnification pursuant thereto
is not exclusive and contemplate that contracts may be entered into between the Company and members of the Board, officers, and other
persons with respect to indemnification.

 

D.       This
Agreement is a supplement to and in furtherance of the Bylaws and any resolutions adopted pursuant thereto, as well as any rights of Indemnitees
under the Delaware General Corporation Law (the “DGCL”) or any directors and officers liability insurance policy
or other applicable insurance policies, and this Agreement shall not be deemed a substitute therefor, nor to diminish or abrogate any
rights of Indemnitee thereunder; and

 

E.       The
Company desires and has requested Indemnitee to serve or continue to serve as a representative of the Company and/or the Subsidiaries
or Affiliates of the Company free from undue concern about inappropriate claims for damages arising out of or related to such services
to the Company and/or the Subsidiaries or Affiliates of the Company.

 

    	 

     

    

 

AGREEMENT

 

NOW, THEREFORE, the parties hereto, intending
to be legally bound, hereby agree as follows:

 

1.                 
Definitions.

 

(a)              
Affiliate. For purposes of this Agreement, “Affiliate” of the Company means any corporation, partnership, limited
liability company, joint venture, trust or other enterprise or non-profit entity in respect of which Indemnitee is or was or will be serving
as a director, officer, trustee, manager, member, partner, employee, agent, attorney, consultant, member of the entity’s governing
body (whether constituted as a board of directors, board of managers, general partner or otherwise), fiduciary, or in any other similar
capacity at the request, election or direction of the Company or as a deemed fiduciary thereto, and including, but not limited to, any
employee benefit plan of the Company or a Subsidiary or Affiliate of the Company.

 

(b)              
Change in Control. For purposes of this Agreement, “Change in Control” means any event or circumstance
where (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”)), other than a Subsidiary or a trustee or other fiduciary holding securities under an employee
benefit plan of the Company or Subsidiary or the Permitted Holders, is or becomes the “Beneficial Owner” (as defined in Rule
13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50% or more of the total voting power
represented by the Company’s then outstanding capital stock, (ii) during any period of two consecutive years (not including any
period prior to the execution of this Agreement), individuals who at the beginning of such period constitute the Board and any new director
(other than a director designated by a person who has entered into an agreement with the Company to effect a transaction described in
Sections 1(b)(i), 1(b)(iii) or 1(b)(iv)) whose election by the Board or nomination for election by the Company’s stockholders was
approved by a vote of at least two-thirds (2/3) of the directors then still in office who either were directors at the beginning of the
period or whose election or nomination for election was previously so approved, cease for any reason to constitute a majority of the Board,
(iii) the stockholders of the Company approve a merger or consolidation of the Company with any other corporation, other than a merger
or consolidation that would result in the outstanding capital stock of the Company outstanding immediately prior thereto continuing to
represent (either by remaining outstanding or by being converted into capital stock of the surviving entity) at least 50% of the total
voting power represented by the capital stock of the Company or such surviving entity outstanding immediately after such merger or consolidation,
or (iv) the stockholders of the Company approve a plan of liquidation of the Company or an agreement for the sale or disposition by the
Company (in one transaction or a series of transactions) of all or substantially all of the Company’s assets.

 

    	 	2	 

     

    

 

(c)              
Expenses. For purposes of this Agreement, “Expenses” means all reasonable and reasonably documented
direct and indirect costs of any type or nature whatsoever (including, without limitation, all attorneys’ fees and related disbursements,
and other out-of-pocket costs) actually paid or incurred by Indemnitee in connection with the investigation, defense or appeal of, or
being a witness or otherwise involved in (i) a Proceeding (as defined below), or establishing or enforcing a right to indemnification
under this Agreement, Section 145 or otherwise; provided, however, that Expenses shall not include any judgments, fines, taxes (including
ERISA or other benefit plan related excise taxes or penalties) or amounts paid in settlement of a Proceeding; (ii) any appeal resulting
from any Proceeding, including without limitation the premium, security for, and other costs relating to any cost bond, supersedeas bond,
or other appeal bond or its equivalent; or (iii) recovery under any directors and officers liability insurance policies or other applicable
insurance policies maintained by the Company, regardless of whether Indemnitee is ultimately determined to be entitled to such indemnification,
advancement of Expenses or insurance recovery, as the case may be.

 

(d)              
Founder. For purposes of this Agreement, “Founder” means each of (a) Jonah Peretti, (b) any
trust, individual retirement account, or business entity (including any corporation, limited liability company, partnership, foundation
or similar entity) for which Jonah Peretti retains sole voting and dispositive power with respect to the Common Equity held by such trust,
individual retirement account, or business entity, and the trustees, legal representatives, beneficiaries and/or beneficial owners of
such trust, individual retirement account or business entity, and (c) the estate, heirs and lineal descendants of Jonah Peretti.

 

(e)              
Indemnifiable Event. For purposes of this Agreement, “Indemnifiable Event” means any event
or occurrence related to Indemnitee’s service for the Company or any Subsidiary or Affiliate as an Indemnifiable Person (as defined
below), or by reason of anything done or not done, or any act or omission, by Indemnitee in any such capacity.

 

(f)               
Indemnifiable Person. For the purposes of this Agreement, “Indemnifiable Person” means any person
who is or was a director, officer, trustee, manager, member, partner, employee, attorney, consultant, member of an entity’s governing
body (whether constituted as a board of directors, board of managers, general partner or otherwise) or other agent or fiduciary of the
Company or a Subsidiary or Affiliate of the Company.

 

(g)              
Independent Counsel. For purposes of this Agreement, “Independent Counsel” means legal counsel
(i) who has not performed services for the Company or Indemnitee in the five years preceding the time in question and who would not, under
applicable standards of professional conduct, have a conflict of interest in representing either the Company or Indemnitee, and (ii) is
selected by Indemnitee and approved by the Board, which approval may not be unreasonably withheld, delayed or conditioned.

 

    	 	3	 

     

    

 

(h)              
Independent Director. For purposes of this Agreement, “Independent Director” means a member of
the Board who is not a party to the Proceeding for which a claim for advancement or indemnification is made under this Agreement.

 

(i)                
Other Liabilities. For purposes of this Agreement, “Other Liabilities” means any and all liabilities
of any type whatsoever, including, but not limited to, judgments, fines, penalties, taxes (including excise taxes or penalties related
to ERISA or other benefit plans), and amounts paid in settlement, and all interest, taxes, assessments and other charges paid or payable
in connection with or in respect of any such judgments, fines, or penalties or amounts paid in settlement.

 

(j)                 
Permitted Holder. For purposes of this Agreement, “Permitted
Holder” shall mean (a) the Founder and (b) any Person or “group”
(within the meaning of Section 13(d)(3) or Section 14(d)(2) of the Exchange Act or any successor provision) of which the Founder is a
member; provided that, in the case of any such group and without giving effect to the existence of such group or any other group, the
Persons referred to in subclause (a), collectively, have beneficial ownership or more than 50% of the total voting power represented
by the capital stock of the Company held by such Person or group.
..

 

(k)              
Proceeding. For the purposes of this Agreement, “Proceeding” means any threatened, pending, or
completed action, suit, claim or other proceeding, whether civil, criminal, administrative, investigative, legislative or any other type
whatsoever, preliminary, informal or formal, including any arbitration or other alternative dispute resolution and including any appeal
of any of the foregoing.

 

(l)                
Subsidiary. For purposes of this Agreement, “Subsidiary” means any entity of which more than 50%
of the outstanding voting securities is owned directly or indirectly by the Company.

 

2.                 
Agreement to Serve. The Indemnitee agrees to serve and/or continue to serve as an Indemnifiable Person in the capacity or
capacities in which Indemnitee currently serves the Company as an Indemnifiable Person, and any additional capacity or capacities in which
Indemnitee may agree to serve, until such time as Indemnitee’s service in a particular capacity shall end according to the terms
of an agreement, the Company’s Certificate of Incorporation (the “Certificate of Incorporation”) or Bylaws,
governing law, or otherwise. Nothing contained in this Agreement is intended to create any right to continued employment or other form
of service for the Company or a Subsidiary or Affiliate of the Company by Indemnitee.

 

3.                 
Mandatory Indemnification.

 

(a)              
Agreement to Indemnify. In the event Indemnitee is a person who was or is a party to or witness in or is threatened
to be made a party to or witness in any Proceeding by reason of an Indemnifiable Event, the Company shall indemnify Indemnitee from and
against any and all Expenses and Other Liabilities incurred by Indemnitee in connection with (including in preparation for) such Proceeding
to the fullest extent permitted by the DGCL, as the same may be amended from time to time (but only to the extent that such amendment
permits the Company to provide broader indemnification rights than the DGCL permitted prior to the adoption of such amendment), provided
that such indemnification is subject to the exclusions set forth in Section 9 below. The
parties hereto intend that this Agreement shall provide to the fullest extent permitted by law for indemnification in excess of that expressly
permitted by statute, including, without limitation, any indemnification provided by the Certificate of Incorporation, the Bylaws, vote
of the Company’s stockholders or disinterested directors or applicable law. 

 

    	 	4	 

     

    

 

(b)              
Company Obligations Primary. The Company hereby acknowledges that Indemnitee may have rights to advancement and/or indemnification
for Expenses and Other Liabilities provided by a venture capital firm or other sponsoring organization (“Other Indemnitor”).
The Company agrees with Indemnitee that the Company is the indemnitor of first resort of Indemnitee with respect to matters for which
advancement and/or indemnification is provided under this Agreement and that the Company will be obligated to make all payments due to
or for the benefit of Indemnitee under this Agreement without regard to any rights that Indemnitee may have against the Other Indemnitor.
To the extent not in contravention of any insurance policy purchased by the Company, Subsidiary or Affiliate, the Company hereby waives
any equitable rights to contribution or indemnification from the Other Indemnitor in respect of any amounts paid to Indemnitee hereunder.
The Company further agrees that no reimbursement of Other Liabilities or payment of Expenses by the Other Indemnitor to or for the benefit
of Indemnitee shall affect the obligations of the Company hereunder, and that the Company shall be obligated to repay the Other Indemnitor
for all amounts so paid or reimbursed to the extent that the Company has an obligation to pay Indemnitee for such Expenses or Other Liabilities
hereunder.

 

4.                 
Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Company
for some or a portion of any Expenses or Other Liabilities but not entitled, however, to indemnification for the total amount of such
Expenses or Other Liabilities, the Company shall nevertheless indemnify Indemnitee for such total amount except as to the portion thereof
for which indemnification is prohibited by this Agreement or the DGCL. In any review, process and/or Proceeding to determine the extent
of indemnification to which Indemnitee is entitled, the Company shall bear the burden to establish, by clear and convincing evidence,
the lack of a successful resolution of a particular claim, issue or matter and which amounts sought in indemnity are allocable to claims,
issues or matters that were not successfully resolved.

 

5.                 
Liability Insurance. So long as Indemnitee shall continue to serve the Company or a Subsidiary or Affiliate of the Company
as an Indemnifiable Person and thereafter so long as Indemnitee shall be subject to any possible claim or threatened, pending or completed
Proceeding as a result of an Indemnifiable Event, the Company shall use reasonable efforts to maintain in full force and effect for the
benefit of Indemnitee as an insured (i) directors and officers liability insurance issued by one or more reputable insurers and having
the policy amount and deductible deemed appropriate by the Board and providing in all respects coverage at least comparable to and in
the same amount as that provided to the Chairman of the Board or the Chief Executive Officer of the Company, and (ii) any renewal, replacement
or substitute directors and officers liability insurance policies issued by one or more reputable insurers providing in all respects coverage
at least comparable to and in the same amount as that being provided to the Chairman of the Board or the Chief Executive Officer of the
Company. The purchase, establishment and maintenance of any such insurance or other arrangements 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 insurance or other arrangement. In the event of a Change in Control subsequent to
the date of this Agreement, or the Company’s becoming insolvent (including but not limited to being placed into receivership, an
assignment for the benefit of creditors, or entering the federal bankruptcy process), the Company shall use reasonable efforts to maintain
in force any and all insurance policies then maintained by the Company for the purpose of providing coverage to the Company’s officers
or directors (including but not limited to directors and officers liability, fiduciary and employment practices insurance) for a fixed
period of no less than six years thereafter. Such coverage shall be non-cancelable and shall be placed and serviced by the Company’s
incumbent insurance broker or a broker selected by a majority of the non-management members of the Board.

 

    	 	5	 

     

    

 

6.                 
Mandatory Advancement of Expenses. If requested by Indemnitee, the Company shall advance, to the fullest extent permitted
by law, prior to the final disposition of the Proceeding, all Expenses related to an Indemnifiable Event (a) incurred by Indemnitee in
connection with (including in preparation for) a Proceeding not initiated by Indemnitee, or (b) incurred in any Proceeding initiated by
Indemnitee to the extent such Proceeding is initiated by Indemnitee in accordance with clauses (i)-(iii) of Section 9(a) of this Agreement,
within (30) days after the receipt by the Company of a statement or statements from Indemnitee requesting such advance or advances from
time to time, whether prior to or after final disposition of such Proceeding. Such statement or statements shall reasonably evidence the
Expenses incurred by Indemnitee, provided, however, that Indemnitee shall not be required to convey any information that would cause Indemnitee
to waive any privilege accorded by applicable law. The right to advances under this Section shall in all events continue until final disposition
of any Proceeding, including any appeal therefrom and/or a final adjudication not subject to further appeal. Advances pursuant to this
Section 6(a) shall be made without regard to Indemnitee’s (i) ability to repay the expenses, (ii) ultimate entitlement to indemnification
under the other provisions of this Agreement, and (iii) entitlement to and availability of insurance coverage, including advancement,
payment or reimbursement of defense costs, expenses of covered loss under the provisions of any applicable insurance policy (including,
without limitation, whether such advancement, payment or reimbursement is withheld, conditioned or delayed by the insurer(s)). Indemnitee
hereby undertakes to repay such amounts advanced if, and only if and to the extent that, it shall ultimately be determined that Indemnitee
is not entitled to be indemnified by the Company and no additional form of undertaking with respect to such obligation to repay shall
be required. Indemnitee’s undertaking to repay any Expenses advanced to Indemnitee hereunder shall be unsecured and shall not be
subject to the accrual or payment of any interest thereon. Without limiting the generality or effect of the foregoing, within thirty days
after any request by Indemnitee, the Company shall, in accordance with such request (but without duplication), (a) pay such Expenses on
behalf of Indemnitee, (b) advance to Indemnitee funds in an amount sufficient to pay such Expenses, or (c) reimburse Indemnitee for such
Expenses. This Section 6 shall not apply to any request for advancement of Expenses
made by Indemnitee for which such advancement of Expenses is excluded pursuant to Section 9 of this Agreement.

 

    	 	6	 

     

    

 

7.                 
Notice and Other Indemnification Procedures.

 

(a)              
Notification. Promptly after receipt by Indemnitee of notice of the commencement of or the threat of commencement of any
Proceeding, unless the Company is a named co-defendant with Indemnitee (or the Company is the recipient of such threat), Indemnitee shall,
if Indemnitee believes the advancement of Expenses or the indemnification of Other Liabilities with respect thereto may be sought from
the Company under this Agreement, notify the Company in writing of the commencement or threat of commencement thereof. However, a failure
by Indemnitee to notify the Company promptly following Indemnitee’s receipt of such notice shall not relieve the Company from any
liability that it may have to Indemnitee except to the extent that the Company is materially prejudiced in its defense of such Proceeding
as a result of such failure, provided, however, that the Company shall have the burden to prove the existence of such material prejudice
by clear and convincing evidence.

 

(b)              
Insurance Notice and Other Matters. If, at the time of the receipt of a notice of the commencement of a Proceeding pursuant
to Section 7(a) above, the Company has director and officer liability insurance and/or any other type of insurance that might provide
coverage to Indemnitee in effect, the Company shall give prompt notice of the commencement of such Proceeding on behalf of Indemnitee
to the insurers in accordance with the procedures set forth in the respective policies. The Company shall thereafter take all commercially
reasonable action to cause such insurers to pay, on behalf of Indemnitee, all amounts payable as a result of such Proceeding in accordance
with the terms of such insurance policies. In addition, the Company will instruct the insurers and the Company’s insurance broker
that they may communicate directly with Indemnitee regarding such Proceeding.

 

(c)              
Assumption of Defense. In the event the Company shall be obligated to advance Expenses for any Proceeding against Indemnitee,
the Company, if deemed appropriate by the Company, shall be entitled to assume the defense of such Proceeding as provided herein. Such
defense by the Company may include the representation of two or more parties by one attorney or law firm as permitted under the ethical
rules and legal requirements related to joint representations. Following delivery of written notice to Indemnitee of the Company’s
election to assume the defense of such Proceeding, the approval by Indemnitee (which approval shall not be unreasonably withheld, delayed
or conditioned) of counsel designated by the Company, and the retention of such counsel by the Company, the Company will not be liable
to Indemnitee under this Agreement for any fees and expenses of counsel subsequently incurred by Indemnitee with respect to the same Proceeding.
If (i) the employment of separate counsel by Indemnitee has been previously authorized by the Company, (ii) Indemnitee shall have notified
the Board in writing that Indemnitee or separate counsel for Indemnitee has reasonably concluded that there may be a conflict of interest
between the Company and Indemnitee in the conduct of any such defense, (iii) the Company fails to employ counsel to assume the defense
of such Proceeding, or (iv) after a Change in Control, the employment of counsel by Indemnitee has been approved by Independent Counsel,
the Expenses related to work conducted by Indemnitee’s counsel shall be subject to indemnification and/or advancement pursuant to
the terms of this Agreement. The Company shall not be entitled to assume the defense of any Proceeding brought by or on behalf of the
Company. Indemnitee agrees that any such separate counsel retained by Indemnitee will be a member of any approved list of panel counsel
under the Company’s applicable insurance policies, should the applicable policies provide for a panel of approved counsel. Nothing
herein shall prevent Indemnitee from employing counsel for any Proceeding at Indemnitee’s own expense.

 

    	 	7	 

     

    

 

(d)              
Settlement. The Company shall not be liable to indemnify Indemnitee under this Agreement or otherwise for any amounts paid
in settlement of any Proceeding effected without the Company’s written consent; provided, however, that if a Change in Control has
occurred subsequent to the date of this Agreement, the Company shall be liable for indemnification of Indemnitee for amounts paid in settlement
if Independent Counsel has approved the settlement. Neither the Company nor any Subsidiary or Affiliate shall enter into a settlement
of any Proceeding that might result in the imposition of any Expense, Other Liability, penalty, limitation or detriment on Indemnitee,
whether indemnifiable under this Agreement or otherwise, without Indemnitee’s written consent. Neither the Company nor Indemnitee
shall unreasonably withhold, delay or condition consent from any settlement of any Proceeding. The Company shall promptly notify Indemnitee
upon the Company’s receipt of an offer to settle, or if the Company makes an offer to settle, any Proceeding, and provide Indemnitee
with a reasonable amount of time to consider such settlement, in the case of any such settlement for which the consent of Indemnitee would
be required hereunder. The Company shall not settle any part of any Proceeding to which Indemnitee is a party with respect to other parties
(including the Company) without the written consent of Indemnitee if any portion of the settlement is to be funded from insurance proceeds
paid from an insurance policy or policies providing coverage to Indemnitee unless approved by a majority of the Independent Directors,
provided that this sentence shall cease to be of any force and effect if it has been determined in accordance with this Agreement that
Indemnitee is not entitled to indemnification hereunder with respect to such Proceeding or if the Company’s obligations hereunder
to Indemnitee with respect to such Proceeding have been fully discharged.

 

8.                 
Determination of Right to Indemnification.

 

(a)              
Success on the Merits or Otherwise. Notwithstanding any other provision of this Agreement, to the extent that Indemnitee
has been successful on the merits or otherwise, in the defense of any Proceeding referred to in Section 3(a) above or in the defense of
any claim, issue or matter described therein, the Company shall indemnify Indemnitee against Expenses actually or reasonably incurred
by Indemnitttee or on Indemnitee’s behalf in connection therewith. For purposes of this Agreement and without limitation, Indemnitee
will be deemed to have successfully resolved any Proceeding or any claim, issue or matter therein, if such Proceeding or any claim, issue
or matter therein is terminated by dismissal (with or without prejudice), motion for summary judgment, or settlement (with or without
court approval), or upon a plea of nolo contendere or its equivalent.

 

(b)              
Indemnification in Other Situations. In the event that Section 8(a) is inapplicable, the Company shall also indemnify Indemnitee
if Indemnitee has met the applicable standard of conduct for indemnification to the fullest extent permitted by law.

 

    	 	8	 

     

    

 

(c)              
Determination of Entitlement to Indemnification. Indemnitee shall be entitled to select the manner in which the determination
of whether or not Indemnitee has met the applicable standard of conduct shall be decided, and such election will be made from among the
following:

 

i.                   
A majority of the Independent Directors even though less than a quorum;

 

ii.                 
A committee of Independent Directors designated by a majority vote of Independent Directors, even though less than a quorum;
or

 

iii.               
Independent Counsel, who shall make such determination in a written opinion.

 

If Indemnitee is an officer or a director of the
Company at the time that Indemnitee is selecting the manner in which the determination of whether Indemnitee has met the applicable standard
of conduct shall be decided, then Indemnitee shall not select Independent Counsel as the manner for the determination to be made unless
(i) there are no Independent Directors, or (ii) a majority of the Independent Directors (even though less than a quorum) approve of the
selection of Independent Counsel, which approval may not be unreasonably withheld, delayed or conditioned.

 

The party or parties selected in accordance with
this Section 8(c) shall be referred to herein as the “Reviewing Party.” Notwithstanding the foregoing, following
any Change in Control subsequent to the date of this Agreement, the Reviewing Party shall be Independent Counsel.

 

(d)              
Decision Timing. As soon as practicable, and in no event later than thirty (30) days after receipt by the Company of written
notice of Indemnitee’s choice of the Reviewing Party pursuant to Section 8(c) above, the Company and Indemnitee shall each submit
to the Reviewing Party such information as they believe is appropriate for the Reviewing Party to consider. The Reviewing Party shall
arrive at its decision within a reasonable period of time following the receipt of all such information from the Company and Indemnitee,
but in no event later than thirty (30) days following the receipt of all such information, provided that the time by which the Reviewing
Party must reach a decision may be extended by mutual agreement of the Company and Indemnitee. All Expenses associated with the process
set forth in this Section 8(d), including but not limited to the Expenses of the Reviewing Party, shall be paid by the Company.

 

(e)              
Delaware Court of Chancery. Notwithstanding a final determination by any Reviewing Party that Indemnitee is not entitled
to indemnification with respect to a specific Proceeding, Indemnitee shall have the right to apply to the Delaware Court of Chancery,
for the purpose of enforcing Indemnitee’s right to indemnification pursuant to this Agreement.

 

(f)               
Expenses. The Company shall indemnify Indemnitee against all Expenses incurred by Indemnitee in connection with any process,
hearing or Proceeding under this Section 8 involving Indemnitee and against all Expenses incurred by Indemnitee in connection with any
other Proceeding between the Company and Indemnitee involving the interpretation or enforcement of the rights of Indemnitee under this
Agreement unless a court of competent jurisdiction finds that each of the material claims of Indemnitee in any such Proceeding was frivolous
or made in bad faith.

 

    	 	9	 

     

    

 

(g)              
Determination of “Good Faith”. For purposes of any determination of whether Indemnitee acted in “good
faith” or acted in “bad faith,” Indemnitee shall be deemed to have acted in good faith or not acted in bad faith if,
in taking or failing to take the action in question, Indemnitee relied on the records or books of account of the Company or a Subsidiary
or Affiliate, including financial statements, or on information, opinions, reports or statements provided to Indemnitee by the officers
or other employees of the Company or a Subsidiary or Affiliate in the course of their duties, or on the advice of legal counsel for the
Company or a Subsidiary or Affiliate, or on information or records given or reports made to the Company or a Subsidiary or Affiliate by
an independent certified public accountant or by an appraiser or other expert selected by the Company or a Subsidiary or Affiliate, or
by any other person (including legal counsel, accountants and financial advisors) as to matters Indemnitee reasonably believes are within
such other person’s professional or expert competence and who has or have been selected with reasonable care by or on behalf of
the Company or a Subsidiary or Affiliate. In connection with any determination as to whether Indemnitee is entitled to be indemnified
hereunder, the Reviewing Party or court shall presume that Indemnitee has satisfied the applicable standard of conduct and is entitled
to indemnification, and the burden of proof shall be on the Company to establish, by clear and convincing evidence, that Indemnitee is
not so entitled. The provisions of this Section 8(g) shall not be deemed to be exclusive or to limit in any way the other circumstances
in which Indemnitee may be deemed to have met the applicable standard of conduct set forth in this Agreement. In addition, the knowledge
and/or actions, or failures to act, of any other person serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person shall
not be imputed to Indemnitee for purposes of determining the right to indemnification hereunder.

 

(h)              
The Company shall not seek from a court, or agree to, a "bar order" which would have the effect of prohibiting
or limiting the Indemnitee's rights to receive advancement of expenses under this Agreement.

 

9.                 
Exceptions. Any other provision herein to the contrary notwithstanding, Indemnitee’s rights to indemnification and/or
advancement are subject to the following exceptions.

 

(a)              
Claims Initiated by Indemnitee. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify
or advance Expenses to Indemnitee with respect to Proceedings or claims initiated or brought voluntarily by Indemnitee and not by way
of defense, except (i) with respect to Proceedings brought to establish or enforce a right to indemnification under this Agreement, any
other statute or law, as permitted under Section 145, or otherwise, (ii) where the Board has consented to the initiation of such Proceeding,
or (iii) with respect to Proceedings brought to discharge Indemnitee’s fiduciary responsibilities, whether under ERISA or otherwise,
but such indemnification or advancement of Expenses may be provided by the Company in specific cases if the Board finds it to be appropriate.

 

    	 	10	 

     

    

 

(b)              
Actions Based on Federal Statutes Regarding Profit Recovery and Return of Bonus Payments. The Company shall not be obligated
pursuant to the terms of this Agreement to indemnify Indemnitee on account of (i) any suit in which judgment is rendered against Indemnitee
by a court of competent jurisdiction in a final adjudication not subject to further appeal for an accounting of profits made from the
purchase or sale by Indemnitee of securities of the Company pursuant to the provisions of Section 16(b) of the Exchange Act and amendments
thereto or similar provisions of any federal, state or local statutory law, (ii) any reimbursement paid to the Company by the Indemnitee
of any bonus or other incentive-based or equity-based compensation or of any profits realized by the Indemnitee from the sale of securities
of the Company, as required in each case under the Exchange Act, including but not limited to any such reimbursements that arise from
an accounting restatement of the Company pursuant to Section 304 of the Sarbanes-Oxley Act of 2002 (the “Sarbanes-Oxley Act”),
or the payment to the Company of profits arising from the purchase and sale by Indemnitee of securities in violation of Section 306 of
the Sarbanes-Oxley Act; or (iii) any reimbursement of the Company by Indemnitee of any compensation pursuant to any compensation recoupment
or clawback policy adopted by the Board or the compensation committee of the Board, including but not limited to any such policy adopted
to comply with stock exchange listing requirements implementing Section 10D of the Exchange Act.

 

(c)              
Unlawful Indemnification. The Company shall not be obligated pursuant to the terms of this Agreement to indemnify Indemnitee
for Other Liabilities if such indemnification is prohibited by law as determined by a court of competent jurisdiction in a final adjudication
not subject to further appeal.

 

(d)              
Exception for Amounts Covered by Insurance and Other Sources. The Company shall not be obligated to advance or indemnify
Indemnitee for Expenses or Other Liabilities of any type whatsoever, including, but not limited to judgments, fines, penalties, taxes
(including excise taxes or penalties related to ERISA or other benefit plans) and amounts paid in settlement, to the extent such have
been paid directly to Indemnitee (or paid directly to a third party on Indemnitee’s behalf) by any directors and officers liability
insurance or other type of insurance maintained by the Company; provided, however, that payment made to Indemnitee pursuant to an insurance
policy purchased and maintained by Indemnitee at his or her own expense of any amounts otherwise indemnifiable or obligated to be made
pursuant to this Agreement shall not reduce the Company’s obligations to Indemnitee pursuant to this Agreement.

 

10.             
Non-exclusivity. The provisions for advancement of Expenses and indemnification of Other Liabilities set forth in this Agreement
shall not be deemed exclusive of any other rights that Indemnitee may have under any provision of law, the Certificate of Incorporation
or the Bylaws, the vote of the Company’s stockholders or disinterested directors, other agreements, or otherwise, both as to acts
or omissions in his or her official capacity and to acts or omissions in another capacity while serving the Company or a Subsidiary or
Affiliate as an Indemnifiable Person.

 

11.             
Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for
any reason whatsoever, (i) the validity, legality and enforceability of the remaining provisions of the Agreement (including, without
limitation, all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable,
that are not themselves invalid, illegal or unenforceable) shall not in any way be affected or impaired thereby, and (ii) to the fullest
extent possible, the provisions of this Agreement (including, without limitation, all portions of any paragraphs of this Agreement containing
any such provision held to be invalid, illegal or unenforceable, that are not themselves invalid, illegal or unenforceable) shall be construed
so as to give effect to the intent manifested by the provision held invalid, illegal or unenforceable.

 

    	 	11	 

     

    

 

12.             
Entire Agreement; Supersession, Modification and Waiver. This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and supersedes any prior indemnification agreement between the Indemnitee and the Company,
its Subsidiaries or its Affiliates, provided, however, that this Agreement is a supplement to and in furtherance of Section 145, the Certificate
of Incorporation, the Bylaws, any directors and officers liability insurance or other insurance policy providing coverage to Indemnitee
maintained by the Company and applicable law, and shall not be deemed a substitute therefor, nor to diminish or abrogate any rights of
Indemnitee thereunder. If the Company and Indemnitee have previously entered into an indemnification agreement providing for the indemnification
of Indemnitee by the Company, the entry into this Agreement by both parties hereto shall be deemed to amend and restate such prior agreement
to read in its entirety as, and be superseded by, this Agreement. No supplement, modification or amendment of this Agreement shall be
binding unless executed in writing by the parties hereto. No waiver of any of the provisions of this Agreement shall be deemed or shall
constitute a waiver of any other provision hereof (whether or not similar) and except as expressly provided herein, no such waiver shall
constitute a continuing waiver.

 

13.             
Successors and Assigns; Survival of Rights. The terms of this Agreement shall bind, and shall inure to the benefit of, and
be enforceable by the parties hereto and, as applicable, their respective successors (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), assigns, spouses, heirs,
executors, administrators and personal and legal representatives (collectively, “Successors”). Indemnitee’s
rights hereunder shall continue after Indemnitee has ceased serving the Company or a Subsidiary or Affiliate as an Indemnifiable Person
and shall inure to the benefit of Indemnitee’s Successors. In addition, 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 and indemnify Indemnitee to the fullest extent permitted by law.

 

14.             
Notice. All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed
duly given (i) if delivered by hand and a receipt is provided by the party to whom such communication is delivered, (ii) if mailed by
certified or registered mail with postage prepaid, return receipt requested, on the signing by the recipient of an acknowledgement of
receipt form accompanying delivery through the U.S. mail, (iii) by personal service by a process server, (iv) by delivery to the recipient’s
address by overnight delivery (e.g., FedEx, UPS or DHL) or other commercial delivery service, or (v) if via electronic mail, upon
confirmation of delivery when directed to the relevant electronic mail address, if sent during normal business hours of the recipient,
or if not sent during normal business hours of the recipient, then on the recipient’s next business day. The address for notice
to the Indemnitee shall be the Indemnitee’s most recent address on file with the Company. Delivery of communications to the Company
with respect to this Agreement shall be sent to the attention of the Company’s Chief Legal Officer.

 

    	 	12	 

     

    

 

15.             
Notice By the Company. If the Indemnitee is the subject of, or is, to the knowledge of the Company, implicated in
any way during an investigation, whether formal or informal, that is related to Indemnitee’s Corporate Status and that reasonably
could lead to a Proceeding for which indemnification can be provided under this Agreement, the Company shall notify the Indemnitee of
such investigation and shall share with Indemnitee any information it has provided to any third parties concerning the investigation (“Shared
Information”); provided, however, that the Company shall not be subject to the notice obligations pursuant to this Section 15 in
the event that (i) complying with such obligations is prohibited by the legal requirements related to criminal investigations or proceedings,
or (ii) a criminal regulatory agency has informed the Company that the agency does not want the Company to provide such notice. By executing
this Agreement, Indemnitee agrees that such Shared Information is material non-public information that Indemnitee is obligated to hold
in confidence and may not disclose publicly; provided, however, that Indemnitee may use the Shared Information and disclose such Shared
Information to Indemnitee’s legal counsel and third parties, in each case solely in connection with defending Indemnitee from legal
liability and provided that such legal counsel and third parties agree to adhere to the confidentiality requirements set out in the first
clause of this sentence.

 

16.             
No Presumptions. For purposes of this Agreement, the termination of any Proceeding, by judgment, order, settlement (whether
with or without court approval) or conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself, create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by applicable law or otherwise. In addition, neither the failure of the Company or a Reviewing Party to have made a determination
as to whether Indemnitee has met any particular standard of conduct or had any particular belief, nor an actual determination by the Company
or a Reviewing Party that Indemnitee has not met such standard of conduct or did not have such belief, prior to the commencement of Proceedings
by Indemnitee to secure a judicial determination by exercising Indemnitee’s rights under Section 8(e) of this Agreement shall be
a defense to Indemnitee’s claim or create a presumption that Indemnitee has failed to meet any particular standard of conduct or
did not have any particular belief or is not entitled to indemnification under applicable law or otherwise. Additionally, any admission
of liability by the Company in connection with any settlement by the Company with a regulatory agency shall not, of itself, create a presumption
that Indemnitee did not meet any particular standard of conduct or have any particular belief or that a court has determined that indemnification
is not permitted by applicable law or otherwise.

 

17.             
Subrogation and Contribution.

 

(a)              
Except as otherwise expressly provided in this Agreement, in the event of payment under this Agreement, the Company shall be subrogated
to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all documents required and shall do all
acts that may be necessary to secure such rights and to enable the Company effectively to bring suit to enforce such rights.

 

    	 	13	 

     

    

 

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

 

18.             
Specific Performance, Etc. The parties recognize that if any provision of this Agreement is violated by the Company, Indemnitee
may be without an adequate remedy at law. Accordingly, in the event of any such violation, Indemnitee shall be entitled, if Indemnitee
so elects, to institute Proceedings, either in law or at equity, to obtain damages, to enforce specific performance, to enjoin such violation,
or to obtain any relief or any combination of the foregoing as Indemnitee may elect to pursue. The Company acknowledges that in the absence
of a waiver, a bond or undertaking may be required of Indemnitee by the Court, and the Company hereby waives any such requirement of a
bond or undertaking. If Indemnitee seeks mandatory injunctive relief, it shall not be a defense to enforcement of the Company’s
obligations set forth in this Agreement that Indemnitee has an adequate remedy at law for damages.

 

19.             
Counterparts. This Agreement may be executed in counterparts, each of which shall for all purposes be deemed to be
an original but all of which together shall constitute one and the same agreement. Only one such counterpart signed by the party against
whom enforceability is sought needs to be produced to evidence the existence of this Agreement. Execution
of a PDF copy shall have the same force and effect as execution of an original, and a copy of a signature will be admissible in any legal
proceeding as if an original. 

 

20.             
Headings. The headings of the sections and paragraphs of this Agreement are inserted for convenience only and shall not
be deemed to constitute part of this Agreement or to affect the construction or interpretation thereof.

 

21.             
Governing Law. This Agreement shall be governed exclusively by and construed according to the laws of the State of Delaware,
as applied to contracts between Delaware residents entered into and to be performed entirely with Delaware.

 

22.             
Consent to Jurisdiction. The Company and Indemnitee each hereby irrevocably consent to the jurisdiction of the courts of
the State of Delaware for all purposes in connection with any Proceeding which arises out of or relates to this Agreement.

 

[Signature Page Follows]

 

    	 	14	 

     

    

 

The parties hereto have entered into this Indemnity
Agreement effective as of the date first above written.

 

	 	BUZZFEED, INC.
	 	 	 
	 	By:	 
	 	 	 
	 	Its:	 
	 	 	 
	 	 	 
	 	INDEMNITEE
	 	 	 
	 	 
	 	[INDEMNITEE’S NAME]

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