Document:

Exhibit 10.5

  

   

    

  
    bleuacacia ltd

      500 Fifth Avenue

    New York, New York 10110

      

      

    November 17, 2021

    

      bleuacacia ltd

        500 Fifth Avenue

    New York, New York 10110

    

    

    Re: Administrative Services Agreement

    

    

    Ladies and Gentlemen:

    

    

    This Administrative Services Agreement (this “Agreement”) by and between
        bleuacacia ltd (the “Company”) and bleuacacia sponsor LLC (the “Provider”), dated as of the date hereof, will confirm our agreement that, commencing on the date the securities of the Company are first listed on the Nasdaq Global Market (the “Nasdaq”) (the “Listing Date”) and continuing until the earlier of the consummation by the Company of an initial business combination and the
        Company’s liquidation (in each case as described in the Registration Statement on Form S-1 (File No. 333-257240) filed with the Securities and Exchange Commission) (such earlier date hereinafter
        referred to as the “Termination Date”), the Provider, an affiliate of our sponsor, bleuacacia sponsor LLC, shall make available to the Company, at 500 Fifth Avenue, New York, New York 10110 (or any successor location or other existing office
        locations of the Provider or any of its affiliates), certain office space, administrative and support services as may be reasonably requested by the Company. In exchange therefor, the Company shall pay the Provider the sum of $10,000 per month on
        the Listing Date and continuing monthly thereafter until the Termination Date.

    The Provider hereby irrevocably waives any and all right, title, interest, causes of action and claims of any kind (each, a “Claim”)
      in or to, and any and all right to seek payment of any amounts due to it out of, the trust account established for the benefit of the public shareholders of the Company and into which substantially all of the proceeds of the Company’s initial public
      offering will be deposited (the “Trust Account”), and hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim would reduce, encumber or otherwise adversely affect the Trust Account
      or any monies or other assets in the Trust Account, and further agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other assets in the Trust Account for any reason whatsoever.

    This Agreement constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and
      supersedes all prior understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to the subject matter hereof or the transactions contemplated hereby.

    This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all
      parties hereto.

    No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written
      approval of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate to transfer or assign any interest or title to the purported assignee.

    Any litigation between the parties (whether grounded in contract, tort, statute, law or equity) shall be governed by, construed in
      accordance with, and interpreted pursuant to the laws of the State of New York.

    This Agreement may be executed in one or more counterparts, each of which shall for all purposes be deemed to be an original but all
      of which together shall constitute one and the same Agreement.

    

      [Signature page follows]

     

      

    
      
        

    

    
      	
               

            	
               Very truly yours,

            
	
               

            	

            	
               

            
	 	
              BLEUACACIA LTD

            
	 	
              By:

            	
              /s/ Thomas Northover

            
	 	 	
              Name: Thomas Northover

            
	
               

            	

            	
              Title: Executive Director

            

    

    
      	
              AGREED TO AND ACCEPTED BY:

              
                BLEUACACIA SPONSOR LLC

              

            	
               

            
	 	 	 
	
              By:

            	
              /s/ Jide Zeitlin

            	
               

            
	
               

            	
              Name: Jide Zeitlin

            	
               

            
	 	
              Title: Manager

            	 

    

     

      

    [Signature Page to Administrative Services Agreement]Exhibit 10.6

  

   
    INDEMNITY AGREEMENT

      

      

    THIS INDEMNITY AGREEMENT (this “Agreement”)
        is made as of November 17, 2021.

    

    

    Between:

    

    

    
      	
              (1)

            	
              BLEUACACIA LTD, an exempted company incorporated under the laws of the Cayman Islands
                  with its  registered office at PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (the “Company”); and

            

    

    
      	
              (2)

            	
              [•] (“Indemnitee”).

            

    

    Whereas:

    

    

    
      	
              (A)

            	
              Highly competent persons have become more reluctant to serve publicly-held companies as directors, officers or in other
                  capacities unless they are provided with adequate protection through insurance or adequate indemnification against inordinate risks of claims and actions against them arising out of their service to and activities on behalf of such
                  companies;

            

    

    
      	
              (B)

            	
              The board of directors of the Company (the “Board”) has determined that, in order to
                  attract and retain qualified individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and any of its subsidiaries from certain liabilities.
                  Although the furnishing of such insurance has been a customary and widespread practice among publicly traded companies and other business enterprises, the Company believes that, given current market conditions and trends, such insurance
                  may be available to it in the future only at higher premiums and with more exclusions. At the same time, directors, officers and other persons in service to companies or business enterprises are being increasingly subjected to expensive
                  and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company or business enterprise itself. The amended and restated memorandum and articles of association of
                  the Company (the “Articles”) provide for the indemnification of the officers and directors of the Company. The Articles expressly provide that the indemnification provisions set forth therein are
                  not exclusive, and thereby contemplate that contracts may be entered into between the Company and members of the Board, officers and other persons with respect to indemnification, hold harmless, exoneration, advancement and reimbursement
                  rights;

            

    

    
      	
              (C)

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

            

    

    
      	
              (D)

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

            

    

    
      	
              (E)

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

            

    

    
      	
              (F)

            	
              This Agreement is a supplement to and in furtherance of the Articles and any resolutions adopted pursuant thereto, and shall
                  not be deemed a substitute therefor, nor to diminish or abrogate any rights of Indemnitee thereunder; and

            

    

    
      	
              (G)

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

            

    

    NOW, THEREFORE, in consideration of the premises and the covenants
        contained herein and subject to the provisions of the letter agreement dated as of November 17, 2021 between the Company, Indemnitee and other parties thereto, the Company and Indemnitee do hereby covenant and agree as follows:

    

    

    
      
        

    

    TERMS AND CONDITIONS

    

    

    
      	
              1

            	
              SERVICES TO THE COMPANY

            

    

    

    

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

    

    

    
      	
              2

            	
              DEFINITIONS

            

    

    As used in this Agreement:

    

    

    
      	
              2.1

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

            

    

    
      	
              2.2

            	
              The terms “Beneficial Owner” and “Beneficial Ownership”
                  shall have the meanings set forth in Rule 13d-3 promulgated under the Exchange Act (as defined below) as in effect on the date hereof.

            

    

    
      	
              2.3

            	
              “Cayman Court” shall mean the courts of the Cayman Islands.

            

    

    
      	
              2.4

            	
              A “Change in Control” shall be deemed to occur upon the earliest to occur after the
                  date of this Agreement of any of the following events:

            

    

    
      	 	
              (a)

            	
              Acquisition of Shares by Third Party. Other than bleuacacia sponsor LLC or any of its
                  affiliates, any Person (as defined below) is or becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing fifteen percent (15%) or more of the combined voting power of the Company’s then outstanding
                  securities entitled to vote generally in the election of directors, unless (1) the change in the relative Beneficial Ownership of the Company’s securities by any Person results solely from a reduction in the aggregate number of
                  outstanding shares entitled to vote generally in the election of directors, or (2) such acquisition was approved in advance by the Continuing Directors (as defined below) and such acquisition would not constitute a Change in Control under
                  part (c) of this definition;

            

    

    
      	 	
              (b)

            	
              Change in Board of Directors. Individuals who, as of the date hereof, constitute the
                  Board, and any new director whose election by the Board or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the directors then still in office who were directors on the date hereof or
                  whose election or nomination for election was previously so approved (collectively, the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

            

    

    
      	 	
              (c)

            	
              Corporate Transactions. The effective date of a merger, share exchange, asset
                  acquisition, share purchase, reorganization or similar business combination, involving the Company and one or more businesses (a “Business Combination”), in each case, unless, following such
                  Business Combination: (1) all or substantially all of the individuals and entities who were the Beneficial Owners of securities entitled to vote generally in the election of directors immediately prior to such Business Combination
                  beneficially own, directly or indirectly, more than fifty-one percent (51%) of the combined voting power of the then outstanding securities of the Company entitled to vote generally in the election of directors resulting from such
                  Business Combination (including, without limitation, a company or corporation which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one or more Subsidiaries)
                  in substantially the same proportions as their ownership immediately prior to such Business Combination, of the securities entitled to vote generally in the election of directors; (2) other than bleuacacia sponsor LLC or any of its
                  affiliates, no Person (excluding any company or corporation resulting from such Business Combination) is the Beneficial Owner, directly or indirectly, of fifteen percent (15%) or more of the combined voting power of the then outstanding
                  securities entitled to vote generally in the election of directors of the surviving company or corporation except to the extent that such ownership existed prior to the Business Combination; and (3) at least a majority of the Board of the
                  company or corporation resulting from such Business Combination were Continuing Directors at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination;

            

    

    
       

      

      
        
          

      

      	 	
              (d)

            	
              Liquidation. The approval by the shareholders of the Company of a complete liquidation
                  of the Company or an agreement or series of agreements for the sale or disposition by the Company of all or substantially all of the Company’s assets, other than factoring the Company’s current receivables or escrows due (or, if such
                  approval is not required, the decision by the Board to proceed with such a liquidation, sale, or disposition in one transaction or a series of related transactions); or

            

    

    
      	 	
              (e)

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

            

    

    
      	
              2.5

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

            

    

    
      	
              2.6

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

            

    

    
      	
              2.7

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

            

    

    
      	
              2.8

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

            

    

    
      	
              2.9

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

            

    

    
      	
              2.10

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

            

    

    
      	
              2.11

            	
              “Independent Counsel” shall mean a law firm or a member of a law firm with significant
                  experience in matters of corporate law and that neither presently is, nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any matter material to either such party (other than with respect to
                  matters concerning Indemnitee under this Agreement, or of other indemnitees under similar indemnification agreements); or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the
                  foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing
                  either the Company or Indemnitee in an action to determine Indemnitee’s rights under this Agreement.

            

    

    
       

      

      
        
          

      

      	
              2.12

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

            

    

    

    

    
      	
              2.13

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

            

    

    
      	
              2.14

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

            

    

    
      	
              2.15

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

            

    

    
       

      

      	
              3

            	
              INDEMNITY IN THIRD-PARTY PROCEEDINGS

            

    

    To the fullest extent permitted by applicable law and the Articles, the Company shall indemnify, hold harmless and exonerate Indemnitee
        in accordance with the provisions of this Section 3 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding, other than a Proceeding by or in the right of the Company
        to procure a judgment in its favor by reason of Indemnitee’s Corporate Status. Pursuant to this Section 3, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses, judgments, liabilities, fines, penalties and amounts paid
        in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee or on
        Indemnitee’s behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company and, in the
        case of a criminal Proceeding, had no reasonable cause to believe that Indemnitee’s conduct was unlawful.

    

    

    
      
        

    

    
      	
              4

            	
              INDEMNITY IN PROCEEDINGS BY OR IN THE RIGHT OF THE COMPANY

            

    

    To the fullest extent permitted by applicable law and the Articles, the Company shall indemnify, hold harmless and exonerate Indemnitee
        in accordance with the provisions of this Section 4 if Indemnitee was, is, or is threatened to be made, a party to or a participant (as a witness, deponent or otherwise) in any Proceeding by or in the right of the Company to procure a judgment in
        its favor by reason of Indemnitee’s Corporate Status. Pursuant to this Section 4, Indemnitee shall be indemnified, held harmless and exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in
        connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to be in or not opposed to the best interests of the Company. No indemnification, hold harmless
        or exoneration for Expenses shall be made under this Section 4 in respect of any claim, issue or matter as to which Indemnitee shall have been finally adjudged by a court to be liable to the Company, unless and only to the extent that any court in
        which the Proceeding was brought or the Cayman Court shall determine upon application that, despite the adjudication of liability but in view of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification, to
        be held harmless or to exoneration.

    

    

    
      	
              5

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

            

    

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

    

    

    
      	
              6

            	
              INDEMNIFICATION FOR EXPENSES OF A WITNESS

            

    

    Notwithstanding any other provision of this Agreement except for Section 27, to the extent that Indemnitee is, by reason of Indemnitee’s
        Corporate Status, a witness or deponent in any Proceeding to which Indemnitee is not a party or threatened to be made a party, Indemnitee shall, to the fullest extent permitted by applicable law and the Articles, be indemnified, held harmless and
        exonerated against all Expenses actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith.

    

    

    
      	
              7

            	
              ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS

            

    

    
      	
              7.1

            	
              Notwithstanding any limitation in Section 3, 4, or 5, except for Section 27, the Company shall, to the fullest extent permitted
                  by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a
                  judgment in its favor) against all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses, judgments,
                  fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnification, hold harmless or exoneration rights shall be available under this Section 7.1 on
                  account of Indemnitee’s conduct which constitutes a breach of Indemnitee’s duties to the Company or its shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of applicable
                  law.

            

    

    

    

    
      
        

    

    
      	
              7.2

            	
              Notwithstanding any limitation in Section 3, 4, 5 or 7.1, except for Section 27, the Company shall, to the fullest extent
                  permitted by applicable law and the Articles, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to
                  procure a judgment in its favor) against all Expenses, judgments, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges paid or payable in connection with or in respect of such Expenses,
                  judgments, fines, penalties and amounts paid in settlement) actually and reasonably incurred by Indemnitee in connection with the Proceeding.

            

    

    
       

      

      	
              8

            	
              CONTRIBUTION IN THE EVENT OF JOINT LIABILITY

            

    

    
      	
              8.1

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

            

    

    
      	
              8.2

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

            

    

    
      	
              8.3

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

            

    

    
       

      

      	
              9

            	
              EXCLUSIONS

            

    

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

    

    

    
      	 	
              (a)

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

            

    

    
      	 	
              (b)

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

            

    

    
      	 	
              (c)

            	
              prior to a Change in Control, other than as provided in Sections 14.5 and 14.6 hereof, in connection with any Proceeding (or
                  any part of any Proceeding) initiated by Indemnitee, including any Proceeding (or any part of any Proceeding) initiated by Indemnitee against the Company or its directors, officers, employees or other indemnitees, unless (i) the Board
                  authorized the Proceeding (or any part of any Proceeding) prior to its initiation or (ii) the Company provides the indemnification, hold harmless or exoneration payment, in its sole discretion, pursuant to the powers vested in the Company
                  under applicable law. Indemnitee shall seek payments or advances from the Company only to the extent that such payments or advances are unavailable from any insurance policy of the Company covering Indemnitee.

            

    

    
       

      

      
        
          

      

      	
              10

            	
              ADVANCES OF EXPENSES; DEFENSE OF CLAIM

            

    

    
      	
              10.1

            	
              Notwithstanding any provision of this Agreement to the contrary except for Section 27, and to the fullest extent not prohibited
                  by applicable law or the Articles, the Company shall pay the Expenses incurred by Indemnitee (or reasonably expected by Indemnitee to be incurred by Indemnitee within three months) in connection with any Proceeding within ten (10) days
                  after the receipt by the Company of a statement or statements requesting such advances from time to time, prior to the final disposition of any Proceeding. Advances shall, to the fullest extent permitted by law, be unsecured and interest
                  free. Advances shall be made without regard to Indemnitee’s ability to repay the Expenses and without regard to Indemnitee’s ultimate entitlement to be indemnified, held harmless or exonerated under the other provisions of this Agreement.
                  Advances shall include any and all reasonable Expenses incurred pursuing a Proceeding to enforce this right of advancement, including Expenses incurred preparing and forwarding statements to the Company to support the advances claimed. To
                  the fullest extent required by applicable law, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or on behalf of Indemnitee, to repay the
                  advance to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Articles, applicable law or otherwise. This Section 10.1 shall not apply
                  to any claim made by Indemnitee for which an indemnification, hold harmless or exoneration payment is excluded pursuant to Section 9.

            

    

    
      	
              10.2

            	
              The Company will be entitled to participate in the Proceeding at its own expense.

            

    

    
      	
              10.3

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

            

    

    

    

    
      	
              11

            	
              PROCEDURE FOR NOTIFICATION AND APPLICATION FOR INDEMNIFICATION

            

    

    
      	
              11.1

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

            

    

    
      	
              11.2

            	
              Indemnitee may deliver to the Company a written application to indemnify, hold harmless or exonerate Indemnitee in accordance
                  with this Agreement. Such application(s) may be delivered from time to time and at such time(s) as Indemnitee deems appropriate in Indemnitee’s sole discretion. Following such a written application for indemnification by Indemnitee,
                  Indemnitee’s entitlement to indemnification shall be determined according to Section 12.1 of this Agreement.

            

    

    
       

      

      	
              12

            	
              PROCEDURE UPON APPLICATION FOR INDEMNIFICATION

            

    

    
      	
              12.1

            	
              A determination, if required by applicable law, with respect to Indemnitee’s entitlement to indemnification shall be made in
                  the specific case by one of the following methods, which shall be at the election of Indemnitee: (i) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board; (ii) by Independent Counsel in a written
                  opinion to the Board, a copy of which shall be delivered to Indemnitee; or (iii) by vote of the shareholders by ordinary resolution. The Company will promptly advise Indemnitee in writing with respect to any determination that Indemnitee
                  is or is not entitled to indemnification, including a description of any reason or basis for which indemnification has been denied. If it is so determined that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made
                  within ten (10) days after such determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such
                  person, persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably available to Indemnitee and reasonably necessary to such
                  determination. Any costs or Expenses (including attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the
                  determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to hold Indemnitee harmless therefrom.

            

    

    

    

    
      
        

    

    
      	
              12.2

            	
              In the event the determination of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 12.1
                  hereof, the Independent Counsel shall be selected as provided in this Section 12.2. The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made by the Board), and Indemnitee shall
                  give written notice to the Company advising it of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of “Independent Counsel” as defined in Section 2 of this
                  Agreement. If the Independent Counsel is selected by the Board, the Company shall give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected and certifying that the Independent Counsel so
                  selected meets the requirements of “Independent Counsel” as defined in Section 2 of this Agreement. In either event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of selection shall
                  have been received, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however, that such
                  objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity
                  the factual basis of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection is so made and substantiated, the Independent Counsel so selected may not serve
                  as Independent Counsel unless and until such objection is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within twenty (20) days after submission by Indemnitee of a written request
                  for indemnification pursuant to Section 11.2 hereof, no Independent Counsel shall have been selected and not objected to, either the Company or Indemnitee may petition the Cayman Court for resolution of any objection which shall have been
                  made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment as Independent Counsel of a person selected by the Cayman Court, and the person with respect to whom all objections are so
                  resolved or the person so appointed shall act as Independent Counsel under Section 12.1 hereof. Upon the due commencement of any judicial proceeding or arbitration pursuant to Section 14.1 of this Agreement, Independent Counsel shall be
                  discharged and relieved of any further responsibility in such capacity (subject to the applicable standards of professional conduct then prevailing).

            

    

    
      	
              12.3

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

            

    

    
       

      

      	
              13

            	
              PRESUMPTIONS AND EFFECT OF CERTAIN PROCEEDINGS

            

    

    
      	
              13.1

            	
              In making a determination with respect to entitlement to indemnification hereunder, the person, persons or entity making such
                  determination shall presume that Indemnitee is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 11.2 of this Agreement, and the Company shall have the
                  burden of proof to overcome that presumption in connection with the making by any person, persons or entity of any determination contrary to that presumption. Neither the failure of the Company (including by its directors or Independent
                  Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual
                  determination by the Company (including by its directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the
                  applicable standard of conduct.

            

    

    
      	
              13.2

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

            

    

    
       

      

      
        
          

      

      	
              13.3

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

            

    

    
      	
              13.4

            	
              For purposes of any determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action
                  is based on the records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the directors, managers, managing members, or officers of the Enterprise in the course of their
                  duties, or on the advice of legal counsel for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing member or on information or records given or reports made to the
                  Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing member by an independent certified public accountant or by an appraiser or other expert selected by the Enterprise, its
                  Board, any committee of the Board or any director, trustee, general partner, manager or managing member. The provisions of this Section 13.4 shall not be deemed to be exclusive or to limit in any way the other circumstances in which
                  Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement.

            

    

    
      	
              13.5

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

            

    

    

    

    
      	
              14

            	
              REMEDIES OF INDEMNITEE

            

    

    
      	
              14.1

            	
              In the event that (i) a determination is made pursuant to Section 12 of this Agreement that Indemnitee is not entitled to
                  indemnification under this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law and the Articles, is not timely made pursuant to Section 10 of this Agreement, (iii) no determination of entitlement to
                  indemnification shall have been made pursuant to Section 12.1 of this Agreement within thirty (30) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification is not made pursuant to Sections 5,
                  6, 7 or the last sentence of Section 12.1 of this Agreement within ten (10) days after receipt by the Company of a written request therefor, (v) a contribution payment is not made in a timely manner pursuant to Section 8 of this
                  Agreement, (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vii) payment to Indemnitee
                  pursuant to any hold harmless or exoneration rights under this Agreement or otherwise is not made within ten (10) days after receipt by the Company of a written request therefor, Indemnitee shall be entitled to an adjudication by the
                  Cayman Court to such indemnification, hold harmless, exoneration, contribution or advancement rights. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator pursuant to
                  the Commercial Arbitration Rules and Mediation Procedures of the American Arbitration Association. Except as set forth herein, the provisions of Cayman Islands law (without regard to its conflict of laws rules) shall apply to any such
                  arbitration. The Company shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

            

    

    
      	
              14.2

            	
              In the event that a determination shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is not
                  entitled to indemnification, any judicial proceeding or arbitration commenced pursuant to this Section 14 shall be conducted in all respects as a de novo trial, or arbitration, on the merits and Indemnitee shall not be prejudiced by
                  reason of that adverse determination. In any judicial proceeding or arbitration commenced pursuant to this Section 14, Indemnitee shall be presumed to be entitled to be indemnified, held harmless, exonerated and to receive advances of
                  Expenses under this Agreement and the Company shall have the burden of proving Indemnitee is not entitled to be indemnified, held harmless, exonerated and to receive advances of Expenses, as the case may be, and the Company may not refer
                  to or introduce into evidence any determination pursuant to Section 12.1 of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences a judicial proceeding or arbitration pursuant to this Section 14, Indemnitee shall
                  not be required to reimburse the Company for any advances pursuant to Section 10 until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as to which all rights of appeal have been exhausted or
                  lapsed).

            

    

    
       

      

      
        
          

      

      	
              14.3

            	
              If a determination shall have been made pursuant to Section 12.1 of this Agreement that Indemnitee is entitled to
                  indemnification, the Company shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 14, absent (i) a misstatement by Indemnitee of a material fact, or an omission of a material
                  fact necessary to make Indemnitee’s statement not materially misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

            

    

    
      	
              14.4

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

            

    

    
      	
              14.5

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

            

    

    
      	
              14.6

            	
              Interest shall be paid by the Company to Indemnitee at a rate to be agreed between the Company and Indemnitee for amounts which
                  the Company indemnifies, holds harmless or exonerates, or is obliged to indemnify, hold harmless or exonerate for the period commencing with the date on which Indemnitee requests indemnification, to be held harmless, exonerated,
                  contribution, reimbursement or advancement of any Expenses and ending with the date on which such payment is made to Indemnitee by the Company.

            

    

    
       

      

      	
              15

            	
              SECURITY

            

    

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

    

    

    
      	
              16

            	
              NON-EXCLUSIVITY; SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION

            

    

    
      	
              16.1

            	
              The rights of Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee
                  may at any time be entitled under applicable law, the Articles, any agreement, a vote of shareholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit
                  or restrict any right of Indemnitee under this Agreement in respect of any Proceeding (regardless of when such Proceeding is first threatened, commenced or completed) arising out of, or related to, any action taken or omitted by such
                  Indemnitee in Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law, whether by statute or judicial decision, permits greater indemnification, hold harmless or
                  exoneration rights or advancement of Expenses than would be afforded currently under the Articles or this Agreement, then this Agreement (without any further action by the parties hereto) shall automatically be deemed to be amended to
                  require that the Company indemnify Indemnitee to the fullest extent permitted by law. No right or remedy herein conferred is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and
                  in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent
                  assertion or employment of any other right or remedy.

            

    

    
      	
              16.2

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

            

    

    
       

      

      
        
          

      

      	
              16.3

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

            

    

    
      	
              16.4

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

            

    

    
      	
              16.5

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

            

    

    
       

      

      	
              17

            	
              DURATION OF AGREEMENT

            

    

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

    

    

    
      
        

    

    
      	
              18

            	
              SEVERABILITY

            

    

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

    

    

    
      	
              19

            	
              ENFORCEMENT AND BINDING EFFECT

            

    

    
      	
              19.1

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

            

    

    
      	
              19.2

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

            

    

    
      	
              19.3

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

            

    

    
      	
              19.4

            	
              The Company shall require and cause any successor (whether direct or indirect by purchase, merger, consolidation or otherwise)
                  to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same
                  manner and to the same extent that the Company would be required to perform if no such succession had taken place.

            

    

    
      	
              19.5

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

            

    

    
      	
              20

            	
              MODIFICATION AND WAIVER

            

    

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

    

    

    
      
        

    

    
      	
              21

            	
              NOTICES

            

    

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

    

    

    
      	 	
              (a)

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

            

    

    
      	 	
              (b)

            	
              If to the Company, to:

            

    

    bleuacacia ltd

    500 Fifth Avenue

    New York, New York 10110

        Attn: Co-Chief Executive Officers

      

      

    and

      

      

    Freshfields Bruckhaus Deringer LLP

      601 Lexington Avenue

      New York, New York 10022

      Attn: Valerie Ford Jacob, Esq.

      

      

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

    

    

    
      	
              22

            	
              APPLICABLE LAW AND CONSENT TO JURISDICTION

            

    

    This Agreement and the legal relations among the parties shall be governed by, and construed and enforced in accordance with, the laws of the State of New York, without
      regard to its conflict of laws rules. Except with respect to any arbitration commenced by Indemnitee pursuant to Section 14.1 of this Agreement, the Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or
      proceeding arising out of or in connection with this Agreement shall be brought only in the Cayman Court and not in any state or federal court in the United States of America or any court in any other country; (b) consent to submit to the exclusive
      jurisdiction of the Cayman Court for purposes of any action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to the laying of venue of any such action or proceeding in the Cayman Court; and (d) waive, and
      agree not to plead or to make, any claim that any such action or proceeding brought in the Cayman Court has been brought in an improper or inconvenient forum, or is subject (in whole or in part) to a jury trial.

    

    

    
      	
              23

            	
              IDENTICAL COUNTERPARTS

            

    

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

    

    

    
      	
              24

            	
              MISCELLANEOUS

            

    

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

    

    

    
      	
              25

            	
              PERIOD OF LIMITATIONS

            

    

    No legal action shall be brought and no cause of action shall be asserted by or in the right of the Company against Indemnitee, Indemnitee’s spouse, heirs, executors or
      personal or legal representatives after the expiration of two (2) years from the date of accrual of such cause of action, and any claim or cause of action of the Company shall be extinguished and deemed released unless asserted by the timely filing
      of a legal action within such two-year period; provided, however, that if any shorter period of limitations is otherwise applicable to any such cause of action such
      shorter period shall govern.

    

    

    
      	
              26

            	
              ADDITIONAL ACTS

            

    

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

    

    

    
      	
              27

            	
              WAIVER OF CLAIMS TO TRUST ACCOUNT

            

    

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

    

    

    
      	
              28

            	
              MAINTENANCE OF INSURANCE

            

    

    

    

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

    

    

    
      	
              29

            	
              INTERPRETATION

            

    

    In this Agreement:

    

    

    
      	 	
              (a)

            	
              “written” and “in writing” include all modes of representing or reproducing words in visible form, including in the form of an
                  Electronic Record;

            

    

    
      	 	
              (b)

            	
              “shall” shall be construed as imperative and “may” shall be construed as permissive;

            

    

    
      	 	
              (c)

            	
              references to provisions of any law or regulation shall be construed as references to those provisions as amended, modified,
                  re-enacted or replaced;

            

    

    
      	 	
              (d)

            	
              any phrase introduced by the terms “including”, “include”, “in particular” or any similar expression shall be construed as
                  illustrative and shall not limit the sense of the words preceding those terms;

            

    

    

    

    the term “and/or” is used herein to mean both “and” as well as “or. ” The use of “and/or” in certain contexts in no respects qualifies or modifies the use of the terms
      “and" or “or" in others. The term "or" shall not be interpreted to be exclusive and the term “and” shall not be interpreted to require the conjunctive (in each case, unless the context otherwise requires).

    

      [Signature Page Follows]

  

  
    
      

  

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

      

      

    

    	 	
            By:

          	 
	 	 	
            Name:

          
	 	 	
            Address: c/o bleuacacia ltd

          
	 	 	
            500 Fifth Avenue

          
	 	 	
            New York, New York 10110

          
	 	 	 
	 	
            BLEUACACIA LTD

          
	 	
            By:

          	 
	 	 	
            Name: Jide Zeitlin

          
	 	 	
            Title: Co-Chief Executive Officer

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