Document:

Exhibit 10.7

 

INDEMNITY AGREEMENT

 

THIS INDEMNITY AGREEMENT (this “Agreement”)
is made on _____, 2022.

 

Between:

 

	 	(1)	BRIDGETOWN 3 HOLDINGS LIMITED, a Cayman Islands exempted company with its registered office at PO Box 309, Ugland House, Grand Cayman KY10-1104, 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 use commercially reasonable efforts to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving the Company and 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. Indemnitee may also be entitled to indemnification pursuant to applicable Cayman Islands law. 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 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;

 

     

     

    

 

	 	(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 he be so indemnified; and

 

NOW, THEREFORE, in consideration of the premises and the covenants
contained herein and subject to the provisions of the letter agreement dated as of [ ], 2022 between the Company and Indemnitee pursuant
to the Underwriting Agreement between the Company and the Underwriters in connection with the Company’s initial public offering,
the Company and Indemnitee do hereby covenant and agree as follows:

 

TERMS AND CONDITIONS

 

	 	1	SERVICES TO THE COMPANY

 

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 his 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 Grand Court 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 an affiliate of Bridgetown 3 LLC, 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;

 

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	 	(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 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 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 an affiliate of Bridgetown 3 LLC, no Person (excluding any company resulting from such Business Combination) is the Beneficial Owner, directly or indirectly, of 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 except to the extent that such ownership existed prior to the Business Combination; and (3) at least a majority of the Board 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 (as defined below), 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, 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 company or 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 United States Securities Exchange Act of 1934, as amended.

 

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	 	2.9	“Expenses” shall include all direct and indirect costs, fees and expenses of any type or nature whatsoever, including, without limitation, all reasonable 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 (as defined below), including reasonable compensation for time spent by Indemnitee for which he or she 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 (as defined below), including without limitation the principal, premium, security for, and other costs relating to any cost bond, supersedeas 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	“Indemnity Obligations” shall mean all obligations of the Company to Indemnitee under this Agreement, including, without limitation, the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

 

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

 

	 	2.12	References to “fines” shall include any excise tax assessed on Indemnitee with respect to any employee benefit plan; references to “serving at the request of the Company” shall include any service as a director, officer, employee, 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.

 

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

 

	 	2.14	The term “Proceeding” shall include any threatened, pending or completed action, suit, arbitration, mediation, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, threatened or completed proceeding, whether brought in the right of the Company or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative, or investigative or related nature, in which Indemnitee was, is, will or might be involved as a party or otherwise by reason of the fact that Indemnitee is or was a director or officer of the Company, by reason of any action (or failure to act) taken by him or of any action (or failure to act) on his part while acting as a director or officer of the Company, or by reason of the fact that he is or was serving at the request of the Company as a director, 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.

 

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	 	2.15	The term “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 his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted
in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company and, in the case of
a criminal Proceeding, had no reasonable cause to believe that his conduct was unlawful; provided, in no event shall Indemnitee be entitled
to be indemnified, held harmless or advanced any amounts hereunder in respect of any Expenses, judgments, liabilities, fines, penalties
and amounts paid in settlement (if any) that Indemnitee may incur by reason of his or her own actual fraud or intentional misconduct.
Indemnitee shall not be found to have committed actual fraud or intentional misconduct for any purpose of this Agreement unless or until
a court of competent jurisdiction shall have made a finding to that effect.

 

	 	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 him or on his behalf in connection with such Proceeding or any claim, issue or matter therein, if Indemnitee acted in good
faith and in a manner he 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 of competent jurisdiction 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 him 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 him or on his 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.

 

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	 	6	INDEMNIFICATION FOR EXPENSES OF A WITNESS

 

Notwithstanding any other provision of this Agreement except
for Section 27, to the extent that Indemnitee is, by reason of his Corporate Status, a witness or deponent in any Proceeding to which
Indemnitee is not a party or threatened to be made a party, he 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 him or on his behalf in connection
therewith.

 

	 	7	ADDITIONAL INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS

 

	 	7.1	Notwithstanding any limitation in Sections 3, 4, or 5, except for Section 27, the Company shall, to the fullest extent permitted by applicable law and 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 duty of loyalty to the Company or its shareholders or is an act or omission not in good faith or which involves intentional misconduct or a knowing violation of the law.

 

	 	7.2	Notwithstanding any limitation in Sections 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 permitted by 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.

 

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	 	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

 

Notwithstanding any provision in this Agreement, 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, 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 similar provisions of state statutory law or common law; or

 

	 	(c)	except as otherwise provided in Sections 14.5 and 14.6  hereof, prior to a Change in Control, 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 applicable law, be unsecured and interest free. Advances shall, to the fullest extent permitted by applicable law and the Articles, 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 and the Articles, such payments of Expenses in advance of the final disposition of the Proceeding shall be made only upon the Company’s receipt of an undertaking, by or on behalf of Indemnitee, to repay the advanced amounts to the extent that it is ultimately determined that Indemnitee is not entitled to be indemnified by the Company under the provisions of this Agreement, the Articles, applicable law or otherwise. If it shall be determined by a final judgement or other final adjudication that Indemnitee was not so entitled to indemnification, any advanced amount shall be returned to the Company (without interest) by the Indemnitee. 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.

 

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	 	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 his or her sole discretion.  Following such a written application for indemnification by Indemnitee, Indemnitee’s entitlement to indemnification shall be determined according to Section 12.1 of this Agreement.

 

	 	12	PROCEDURE UPON APPLICATION FOR INDEMNIFICATION

 

	 	12.1	A determination, if required by applicable law and the Articles, with respect to Indemnitee’s entitlement to indemnification shall be made in the specific case by one of the following methods: (i) if no Change in Control has occurred, (x) by a majority vote of the Disinterested Directors, even though less than a quorum of the Board, (y) by a committee of Disinterested Directors, even though less than a quorum of the Board, or (z) if there are no Disinterested Directors, or if such Disinterested Directors so direct, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee, or (ii) if a Change in Control has occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee.  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 reasonable attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company hereby agrees to indemnify and to hold Indemnitee harmless therefrom.

 

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	 	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 him 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 Disinterested Directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination by the Company (including by its Disinterested Directors or Independent Counsel) that Indemnitee has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

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

 

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	 	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 he reasonably believed to be in or not opposed to the best interests of the Company or, with respect to any criminal Proceeding, that Indemnitee had reasonable cause to believe that his 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 in accordance with this Agreement 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 his 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 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.

 

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	 	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 his 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 the legal rate under New York law 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 his 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 indemnifies 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.

 

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	 	16.2	The Companies Law (2020 Revision) of the Cayman Islands and 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 him or incurred by or on behalf of him or in such capacity as a director, officer, employee or agent of the Company, or arising out of his status as such, whether or not the Company would have the power to indemnify him against such liability under the provisions of this Agreement or under the Companies Law (2020 Revision) of the Cayman Islands, 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, to the fullest extent permitted by applicable law and the Articles, 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. No such payment by the Company shall be deemed to relive any insurer of its obligations.

 

	 	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.

 

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	 	16.6	The Company hereby acknowledges that Indemnitee may have certain rights to indemnification, advancement of Expenses and/or insurance provided by one or more Persons with whom or which Indemnitee may be associated. The Company hereby acknowledges and agrees that (i) the Company shall be the indemnitor of first resort with respect to any Proceeding, Expense, liability or matter that is the subject of the Indemnity Obligations, (ii) the Company shall be primarily liable for all Indemnity Obligations and any indemnification afforded to Indemnitee in respect of any Proceeding, Expense, liability or matter that is the subject of Indemnity Obligations, whether created by law, organizational or constituent documents, contract (including, without limitation, this Agreement) or otherwise, (iii) any obligation of any other Persons with whom or which Indemnitee may be associated to indemnify Indemnitee and/or advance Expenses to Indemnitee in respect of any proceeding shall be secondary to the obligations of the Company hereunder, (iv) the Company shall be required to indemnify Indemnitee and advance Expenses to Indemnitee hereunder to the fullest extent provided herein without regard to any rights Indemnitee may have against any other Person with whom or which Indemnitee may be associated or insurer of any such Person and (v) the Company irrevocably waives, relinquishes and releases any other Person with whom or which Indemnitee may be associated from any claim of contribution, subrogation or any other recovery of any kind in respect of amounts paid by the Company hereunder. In the event that any other Person with whom or which Indemnitee may be associated or their insurers advances or extinguishes any liability or loss which is the subject of any Indemnity Obligation owed by the Company or payable under any insurance policy provided under this Agreement, the payor shall have a right of subrogation against the Company or its insurer or insurers for all amounts so paid which would otherwise be payable by the Company or its insurer or insurers under this Agreement. In no event will payment of an Indemnity Obligation of the Company under this Agreement by any other Person with whom or which Indemnitee may be associated or their insurers, affect the obligations of the Company hereunder or shift primary liability for any Indemnity Obligation to any other Person with whom or which Indemnitee may be associated. Any indemnification and/or insurance or advancement of Expenses provided by any other Person with whom or which Indemnitee may be associated, with respect to any liability arising as a result of Indemnitee’s Corporate Status or capacity as an officer or director of any Person, is specifically in excess of any Indemnity Obligation of the Company or valid and any collectible insurance (including, without limitation, any malpractice insurance or professional errors and omissions insurance) provided by the Company under this Agreement, and any obligation to provide indemnification and/or insurance or advance Expenses provided by any other Person with whom or which Indemnitee may be associated shall be reduced by any amount that Indemnitee collects from the Company as an indemnification payment or advancement of Expenses pursuant to this Agreement.

 

	 	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 his Corporate Status, whether or not he 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 applicable law (and the
Articles); (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.

 

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	 	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 his or her 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, to the fullest extent permitted by applicable law and the Articles, enforce this Agreement by seeking, among other things, injunctive relief and/or specific performance hereof, without any necessity of showing actual damage or irreparable harm and that by seeking injunctive relief and/or specific performance, Indemnitee shall not be precluded from seeking or obtaining any other relief to which he may be entitled.  The Company and Indemnitee further agree that Indemnitee shall to the fullest extent permitted by applicable law (and the Articles) 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 to the fullest extent permitted by applicable law and the Articles.

 

	 	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.

 

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	 	21	NOTICES

 

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

 

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

 

	 	(b)	If to the Company, to:

 

BRIDGETOWN 3 HOLDINGS LIMITED

38/F Champion Tower

3 Garden Road, Central

Hong Kong

Attn: Daniel Wong

 

With a copy, which shall not constitute notice, to:

 

Ellenoff Grossman & Schole LLP

1345 Avenue of the Americas, 11th Floor

New York, New York 10105

Attn: Stuart Neuhauser, 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. Except with respect to any arbitration
commenced by Indemnitee pursuant to Section 14.1 of this Agreement, to the fullest extent permitted by law the Company and Indemnitee
hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out of or in connection with this Agreement
shall be brought only in the Courts of the State of New York and not in any other state or federal court in the United States of America
or any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Courts of the State of New York 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 Courts of the State of New York; and (d) waive, and agree not to plead or to make,
any claim that any such action or proceeding brought in the Courts of the State of New York has been brought in an improper or inconvenient
forum, or is subject (in whole or in part) to a jury trial. To the fullest extent permitted by law, the parties hereby agree that the
mailing of process and other papers in connection with any such action or proceeding in the manner provided by Section 21 or such other
manner as may be permitted by law, shall be valid and sufficient service thereof.

 

	 	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.

 

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	 	24	MISCELLANEOUS

 

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

 

	 	25	PERIOD OF LIMITATIONS

 

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

 

	 	26	ADDITIONAL ACTS

 

If for the validation of any of the provisions in this Agreement
any act, resolution, approval or other procedure is required, to the fullest extent permitted by law, 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. Accordingly, Indemnitee acknowledges and agrees that any indemnification provided
hereto will only be able to be satisfied by the Company if (i) the Company has sufficient funds outside of the Trust Account to satisfy
its obligations hereunder or (ii) the Company consummated a Business Combination.

  

	 	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)	words importing the singular number include the plural number and vice versa; words importing the masculine gender include the feminine gender;

 

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

 

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	 	(c)	“shall” shall be construed as imperative and “may” shall be construed as permissive;

 

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

 

	 	(e)	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;

 

	 	(f)	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);

 

	 	(g)	headings are inserted for reference only and shall be ignored in construing this Agreement;

 

	 	(h)	any requirements as to delivery under this Agreement include delivery in the form of an electronic record (as defined in the Electronic Transactions Law (2003));

 

	 	(i)	any requirements as to execution or signature under this Agreement including the execution of this Agreement itself can be satisfied in the form of an electronic signature (as defined in the Electronic Transactions Law (2003 Revision));

 

	 	(j)	sections 8 and 19(3) of the Electronic Transactions Law (2003 Revision) shall not apply.

 

[SIGNATURE PAGE FOLLOWS]

 

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

 

	 	BRIDGETOWN 3 HOLDINGS LIMITED
	 	 
	 	By:	 
	 	 	Name: 	Daniel Wong
	 	 	Title:	Chief Executive Officer and Chief Financial Officer
	 	 	 
	 	 	INDEMNITEE
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	 
	 	 	 
	 	 	Address:
	 	 	 
	 	 	 

 

[Signature Page to Indemnity Agreement]

 

 

18couchbase-january2022psu

    Exhibit 10.1  COUCHBASE, INC.  2021 EQUITY INCENTIVE PLAN  GLOBAL FORM OF RESTRICTED STOCK UNIT AGREEMENT  Unless otherwise defined herein, the terms defined in the Couchbase, Inc. 2021 Equity  Incentive Plan (the “Plan”) will have the same defined meanings in this Restricted Stock Unit  Agreement which includes the Notice of Restricted Stock Unit Grant, the Terms and Conditions  of Restricted Stock Unit Grant, attached hereto as Exhibit A, and all exhibits attached thereto (all  together, the “RSU Agreement”).  NOTICE OF RESTRICTED STOCK UNIT GRANT    Participant:   Address:   The undersigned Participant has been granted the right to receive an Award of Restricted  Stock Units, subject to the terms and conditions of the Plan and this RSU Agreement, as follows:  Grant Number:    ______________________________  Date of Grant:     ______________________________  Vesting Commencement Date:  ______________________________  Number of Restricted Stock Units:  ______________________________  Vesting Schedule:  Subject to any accelerated vesting as set forth below or in the Plan, the Restricted Stock  Units will be scheduled to vest as set forth in the attached Performance Vesting Appendix.  Notwithstanding the foregoing, the vesting of the Restricted Stock Units shall be subject  to any vesting acceleration provisions applicable to the Restricted Stock Units contained in any  employment or service agreement, offer letter, change in control severance agreement, change of  control severance policy, or any other agreement that, prior to and effective as of the date of this  RSU Agreement, has been entered into between Participant and the Company or any parent or  subsidiary corporation of the Company (such agreement, a “Separate Agreement”) to the extent  not otherwise duplicative of the vesting terms described above.  In the event Participant ceases to be a Service Provider for any or no reason before  Participant vests in the Restricted Stock Units, the Restricted Stock Units and Participant’s right  to acquire any Shares hereunder will immediately terminate.  By Participant’s signature and the signature of the representative of Couchbase, Inc.  

 

  - 2 -  (the “Company”) below, Participant and the Company agree that this Award of Restricted Stock  Units is granted under and governed by the terms and conditions of the Plan and this RSU  Agreement, including the Terms and Conditions of Restricted Stock Unit Grant, attached hereto  as Exhibit A, all of which are made a part of this document.  Participant acknowledges receipt of  a copy of the Plan.  Participant has reviewed the Plan and this RSU Agreement in their entirety,  has had an opportunity to obtain the advice of counsel prior to executing this RSU Agreement, and  fully understands all provisions of the Plan and this RSU Agreement.  Participant hereby agrees to  accept as binding, conclusive, and final all decisions or interpretations of the Administrator upon  any questions relating to the Plan and the RSU Agreement.  Participant further agrees to notify the  Company upon any change in the residence address indicated below.    PARTICIPANT  COUCHBASE, INC.           Signature  Signature           Print Name  Print Name              Title  Address:            

 

  - 3 -  PERFORMANCE VESTING APPENDIX  This Performance Vesting Appendix sets for the vesting terms for the performance-based  Restricted Stock Units set forth in the Notice of Restricted Stock Unit Grant (the “PSUs”).    1. Performance Periods.  The following represent the performance periods (each, a  “Performance Period”) related to the PSUs:    • The 1st anniversary of the Date of Grant through the 5th anniversary of the  Date of Grant (“Performance Period 1”).    • The 2st anniversary of the Date of Grant through the 5th anniversary of the  Date of Grant (“Performance Period 2”).    • The 3rd anniversary of the Date of Grant through the 5th anniversary of the  Date of Grant (“Performance Period 3”).    • The 4th anniversary of the Date of Grant through the 5th anniversary of the  Date of Grant (“Performance Period 4”).    2. Performance Vesting.  PSUs become eligible to vest (“Eligible PSUs”) based upon  achievement of the following stock price targets (measured based on the average closing price of  a Share for any 60 consecutive trading day period (“Stock Price Achievement”) during the  specified Performance Period):    • Tranche 1:  20% of the PSUs become Eligible PSUs upon Stock Price  Achievement that exceeds $60 (“Hurdle 1”) during Performance Period 1.    • Tranche 2:  20% of the PSUs become Eligible PSUs upon Stock Price  Achievement that exceeds $75 (“Hurdle 2”) during Performance Period 2.    • Tranche 3:  30% of the PSUs become Eligible PSUs upon Stock Price  Achievement that exceeds $90 (“Hurdle 3”) during Performance Period 3.    • Tranche 4:  30% of the PSUs become Eligible PSUs upon Stock Price  Achievement that exceeds $110 during Performance Period 4.  Each of the tranches eligible to become Eligible PSUs in a Performance Period are referred  to herein as a “Tranche,” and each stock price target with respect to a Tranche is referred to herein  as a “Hurdle.”  If the Company incurs a change in capitalization as specified in section 14(a) of  the Plan (for example, a stock-split), then each Hurdle will be proportionately adjusted to account  for such change in capitalization.  For the avoidance of doubt, no Tranche may become Eligible PSUs prior to the beginning  of its applicable Performance Period and no Stock Price Achievement will be tracked prior to the  beginning of the applicable Performance Period.  

 

  - 4 -  If an applicable Hurdle is achieved during an applicable Performance Period, then  achievement related to such Hurdle shall be deemed to occur, and no subsequent stock price  decrease will have any effect on a previous achievement.    If an applicable Tranche does not become Eligible RSUs during the applicable  Performance Period, then such Tranche shall forfeit.  All determinations regarding Stock Price Achievement shall be made on the date on which  the Administrator approves such achievement (either in a meeting or through written consent)  (such date, the “Certification Date”).    3. Time-Based Vesting.  If a Tranche becomes Eligible RSUs, then the Eligible PSUs  will vest on the first Quarterly Vesting Date following the Certification Date, subject to  Participant’s continuing to be a Service Provider through such date.      In the event Participant ceases to be a Service Provider for any or no reason before  Participant vests (e.g., both determination of the applicable Stock Price Achievement milestone  and the first Quarterly Vesting Date thereafter) in any Tranche, the Tranche and Participant’s right  to acquire any Shares hereunder will immediately terminate.  A “Quarterly Vesting Date” is the  first trading day on or after each of March 15, June 15, September 15 and December 15.    4. Change in Control.  If a Change in Control occurs prior to the 5th anniversary of the  Date of Grant:    • A Tranche for which an applicable Hurdle has not been achieved are  forfeited if the applicable stock price target exceeds the per Share price payable to Company  stockholders in the Change in Control (the “Acquisition Price”).    • A Tranche that has not otherwise become Eligible PSUs will vest on the  Change in Control if the Acquisition Price exceeds the applicable Hurdle.  For illustrative purposes, if no Tranche had become Eligible PSUs prior to a Change in  Control, and the Acquisition Price exceeds $60 per Share, then Hurdle 1 shall be deemed to be  achieved on the Change in Control and Tranche 1 will vest on the Change in Control.    • If the Acquisition Price is between any two Hurdles, a pro-rata portion of  the higher Tranche will vest on the Change in Control.  For illustrative purposes, if no PSUs had vested prior to a Change in Control, and the  Acquisition Price was $67.50 per Share, then 100% of Tranche 1 shall be deemed to be achieved  and 50% of Tranche 2 shall be deemed to be achieved on the Change in Control.  As a result, 30%  of the PSUs will vest on the Change in Control.       

 

  - 5 -  EXHIBIT A  TERMS AND CONDITIONS OF RESTRICTED STOCK UNIT GRANT  1. Grant of Restricted Stock Units.  The Company hereby grants to the individual  (“Participant”) named in the Notice of Grant of Restricted Stock Units of this RSU Agreement (the  “Notice of Grant”) under the Plan an Award of PSUs, subject to all of the terms and conditions in  this RSU Agreement and the Plan, which is incorporated herein by reference.  Subject to Section  19(c) of the Plan, in the event of a conflict between the terms and conditions of the Plan and the  terms and conditions of this RSU Agreement, the terms and conditions of the Plan will prevail.  2. Company’s Obligation to Pay.  Each Restricted Stock Unit represents the right to  receive a Share on the date it vests.  Unless and until the PSUs will have vested in the manner set  forth in Section 3 or 4, Participant will have no right to payment of any such PSUs.  Prior to actual  payment of any vested PSUs, such Restricted Stock Unit will represent an unsecured obligation of  the Company, payable (if at all) only from the general assets of the Company.  3. Vesting Schedule.  Except as provided in Section 4, and subject to Section 5, the  PSUs awarded by this RSU Agreement will vest in accordance with the vesting provisions set forth  in the Notice of Grant.  PSUs scheduled to vest on a certain date or upon the occurrence of a certain  condition will not vest in Participant in accordance with any of the provisions of this RSU  Agreement, unless Participant will have been continuously a Service Provider from the Date of  Grant until the date such vesting occurs.  4. Payment after Vesting.  (a) General Rule.  Subject to Section 7, any PSUs that vest will be paid to  Participant (or in the event of Participant’s death, to his or her properly designated (and valid under  Applicable Laws) beneficiary or estate) in whole Shares.  Subject to the provisions of Section 4(b),  such vested PSUs will be paid in whole Shares as soon as practicable after vesting, but in each  such case within sixty (60) days following the vesting date.  In no event will Participant be  permitted, directly or indirectly, to specify the taxable year of payment of any PSUs payable under  this RSU Agreement.  (b) Acceleration.  (i) Discretionary Acceleration.  The Administrator, in its discretion,  may accelerate the vesting of the balance, or some lesser portion of the balance, of the unvested  PSUs at any time, subject to the terms of the Plan.  If so accelerated, such PSUs will be considered  as having vested as of the date specified by the Administrator.  If Participant is a U.S. taxpayer,  the payment of Shares vesting pursuant to this Section 4(b) shall in all cases be paid at a time or  in a manner that is exempt from, or complies with, Section 409A.  The prior sentence may be  superseded in a future agreement or amendment to this RSU Agreement only by direct and specific  reference to such sentence.   (ii) Notwithstanding anything in the Plan or this RSU Agreement or any  other agreement (whether entered into before, on or after the Date of Grant), if the vesting of the  balance, or some lesser portion of the balance, of the PSUs is accelerated in connection with the  

 

  - 6 -  cessation of Participant’s status as a Service Provider (provided that such termination is a  “separation from service” within the meaning of Section 409A, as determined by the  Administrator), other than due to Participant’s death, and if (x) Participant is a U.S. taxpayer and  a “specified employee” within the meaning of Section 409A at the time of such termination as a  Service Provider and (y) the payment of such accelerated PSUs will result in the imposition of  additional tax under Section 409A if paid to Participant on or within the six (6) month period  following the cessation of Participant’s status as a Service Provider, then the payment of such  accelerated PSUs will not be made until the date six (6) months and one (1) day following the date  of cessation of Participant’s status as a Service Provider, unless Participant dies following his or  her termination as a Service Provider, in which case, the PSUs will be paid in Shares to  Participant’s estate as soon as practicable following his or her death.   (c) Section 409A.  It is the intent of this RSU Agreement that it and all  payments and benefits to U.S. taxpayers hereunder be exempt from, or comply with, the  requirements of Section 409A so that none of the PSUs provided under this RSU Agreement or  Shares issuable thereunder will be subject to the additional tax imposed under Section 409A, and  any ambiguities herein will be interpreted to be so exempt or so comply.  Each payment payable  under this RSU Agreement is intended to constitute a separate payment for purposes of Treasury  Regulation Section 1.409A-2(b)(2).  However, in no event will the Company or any of its Parent  or Subsidiaries have any liability or obligation to reimburse, indemnify, or hold harmless  Participant for any taxes, penalties and interest that may be imposed, or other costs that may be  incurred, as a result of Section 409A.  5. Forfeiture Upon Termination as a Service Provider.  Unless specifically provided  otherwise in this RSU Agreement or other written agreement between Participant and the  Company or any of its Subsidiaries or Parents, as applicable, if Participant ceases to be a Service  Provider for any or no reason, the then-unvested PSUs awarded by this RSU Agreement will  thereupon be forfeited at no cost to the Company and Participant will have no further rights  thereunder.  6. Death of Participant.  Any distribution or delivery to be made to Participant under  this RSU Agreement will, if Participant is then deceased, be made to Participant’s designated  beneficiary (to the extent properly designated and valid under Applicable Laws), or if no  beneficiary survives Participant, the administrator or executor of Participant’s estate.  Any such  transferee must furnish the Company with (a) written notice of his or her status as transferee, and  (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance  with any laws or regulations pertaining to said transfer.  7. Tax Obligations  (a) Responsibility for Taxes.  Participant acknowledges that, regardless of any  action taken by the Company or, if different, Participant’s employer (the “Employer”) or any  Parent or Subsidiary to which Participant is providing services (together, the Company, Employer  and/or Parent or Subsidiary to which Participant is providing services, the “Service Recipient”),  the ultimate liability for any tax and/or social insurance liability obligations and requirements in  connection with the PSUs, including, without limitation, (i) all federal, state, and local taxes  (including the Participant’s Federal Insurance Contributions Act (FICA) obligation) that are  

 

  - 7 -  required to be withheld by the Company or the Service Recipient or other payment of tax-related  items related to Participant’s participation in the Plan and legally applicable to Participant, (ii) the  Participant’s and, to the extent required by the Company (or Service Recipient), the Company’s  (or Service Recipient’s) fringe benefit tax liability, if any, associated with the grant, vesting, or  settlement of the PSUs or sale of Shares, and (iii) any other Company (or Service Recipient) taxes  the responsibility for which the Participant has, or has agreed to bear, with respect to the PSUs (or  settlement thereof or issuance of Shares thereunder) (collectively, the “Tax Obligations”), is and  remains Participant’s responsibility and may exceed the amount actually withheld by the Company  or the Service Recipient.  Participant further acknowledges that the Company and/or the Service  Recipient (A) make no representations or undertakings regarding the treatment of any Tax  Obligations in connection with any aspect of the PSUs, including, but not limited to, the grant,  vesting or settlement of the PSUs, the subsequent sale of Shares acquired pursuant to such  settlement and the receipt of any dividends or other distributions, and (B) do not commit to and  are under no obligation to structure the terms of the grant or any aspect of the PSUs to reduce or  eliminate Participant’s liability for Tax Obligations or achieve any particular tax result.  Further,  if Participant is subject to Tax Obligations in more than one jurisdiction between the Date of Grant  and the date of any relevant taxable or tax withholding event, as applicable, Participant  acknowledges that the Company and/or the Service Recipient (or former employer, as applicable)  may be required to withhold or account for Tax Obligations in more than one jurisdiction.  If  Participant fails to make satisfactory arrangements for the payment of any required Tax  Obligations hereunder at the time of the applicable taxable event, Participant acknowledges and  agrees that the Company may refuse to issue or deliver the Shares or the proceeds from the sale of  the Shares, as applicable.  (b) Tax Withholding.  Pursuant to such procedures as the Administrator may  specify from time to time, the Company and/or Service Recipient shall withhold the amount  required to be withheld for the payment of Tax Obligations.  The Administrator, in its sole  discretion and pursuant to such procedures as it may specify from time to time, may permit  Participant to satisfy such Tax Obligations, in whole or in part (without limitation), if permissible  by applicable local law, by (i) paying cash, (ii) having the Company withhold otherwise  deliverable Shares having a fair market value equal to the minimum amount that is necessary to  meet the withholding requirement for such Tax Obligations (or a greater amount if such greater  amount would not result in adverse financial accounting consequences), (iii) withholding the  amount of such Tax Obligations from Participant’s wages or other cash compensation paid to  Participant by the Company and/or the Service Recipient, (iv) delivering to the Company already  vested and owned Shares having a fair market value equal to such Tax Obligations, or (v) selling  a sufficient number of such Shares otherwise deliverable to Participant through such means as the  Company may determine in its sole discretion (whether through a broker or otherwise) equal to  the minimum amount that is necessary to meet the withholding requirement for such Tax  Obligations (or a greater amount if such greater amount would not result in adverse financial  accounting consequences).  Further, if Participant is subject to tax in more than one jurisdiction  between the Date of Grant and a date of any relevant taxable or tax withholding event, as  applicable, Participant acknowledges and agrees that the Company and/or the Service Recipient  (and/or former employer, as applicable) may be required to withhold or account for tax in more  than one jurisdiction.  If Participant fails to make satisfactory arrangements for the payment of  such Tax Obligations hereunder at the time any applicable PSUs otherwise are scheduled to vest  pursuant to Sections 3 or 4, Participant will permanently forfeit such PSUs and any right to receive  

 

  - 8 -  Shares thereunder and such PSUs will be returned to the Company at no cost to the Company.   Participant acknowledges and agrees that the Company may refuse to deliver the Shares or the  proceeds from the sale of the Shares if such Tax Obligations are not delivered at the time they are  due.    Depending on the withholding method, the Company and/or the Service Recipient may withhold  or account for Tax Obligations by considering applicable minimum statutory withholding rates or  other applicable withholding rates, including maximum applicable rates.  In the event of over- withholding, Participant may receive a refund of any over-withheld amount in cash, with no  entitlement to the Share equivalent, or if not refunded, Participant may seek a refund from the local  tax authority.  If the obligation for Tax Obligations is satisfied by withholding in Shares, for tax  purposes, Participant is deemed to have been issued the full number of Shares subject to the PSUs,  notwithstanding that a number of the Shares are held back solely for the purpose of paying the Tax  Obligations.  (c) No Representations.  Participant has reviewed with his or her own tax  advisers the U.S. federal, state, local and non-U.S. tax consequences of this investment and the  transactions contemplated by this RSU Agreement.  With respect to such matters, Participant relies  solely on such advisers and not on any statements or representations of the Company or any of its  agents, written or oral.  Participant understands that Participant (and not the Company) shall be  responsible for Participant’s own tax liability that may arise as a result of this RSU Agreement or  the transactions contemplated by this RSU Agreement.  (d) Company’s Obligation to Deliver Shares.  For clarification purposes, in no  event will the Company issue Participant any Shares unless and until arrangements satisfactory to  the Administrator have been made for the payment of Participant’s Tax Obligations.  If Participant  fails to make satisfactory arrangements for the payment of such Tax Obligations hereunder at the  time any applicable PSUs otherwise are scheduled to vest pursuant to Sections 3 or 4 or  Participant’s Tax Obligations otherwise become due, Participant will permanently forfeit such  PSUs to which Participant’s Tax Obligation relates and any right to receive Shares thereunder and  such PSUs will be returned to the Company at no cost to the Company.  Participant acknowledges  and agrees that the Company may refuse to issue or deliver the Shares or the proceeds from the  sale of the Shares if such Tax Obligations are not delivered at the time they are due.  8. Rights as Stockholder.  Neither Participant nor any person claiming under or  through Participant will have any of the rights or privileges of a stockholder of the Company in  respect of any Shares deliverable hereunder unless and until certificates representing such Shares  (which may be in book entry form) will have been issued, recorded on the records of the Company  or its transfer agents or registrars, and delivered to Participant (including through electronic  delivery to a brokerage account).  After such issuance, recordation, and delivery, Participant will  have all the rights of a stockholder of the Company with respect to voting such Shares and receipt  of dividends and distributions on such Shares.  9. No Guarantee of Continued Service.  PARTICIPANT ACKNOWLEDGES AND  AGREES THAT THE VESTING OF THE PSUS PURSUANT TO THE VESTING SCHEDULE  HEREOF IS EARNED ONLY BY CONTINUING AS A SERVICE PROVIDER, WHICH  UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW IS AT THE WILL OF THE  

 

  - 9 -  COMPANY (OR THE SERVICE RECIPIENT) AND NOT THROUGH THE ACT OF BEING  HIRED, BEING GRANTED THIS RESTRICTED STOCK UNIT AWARD OR ACQUIRING  SHARES HEREUNDER.  PARTICIPANT FURTHER ACKNOWLEDGES AND AGREES  THAT THIS RSU AGREEMENT, THE TRANSACTIONS CONTEMPLATED HEREUNDER  AND THE VESTING SCHEDULE SET FORTH HEREIN DO NOT CONSTITUTE AN  EXPRESS OR IMPLIED PROMISE OF CONTINUED ENGAGEMENT AS A SERVICE  PROVIDER FOR THE VESTING PERIOD, FOR ANY PERIOD, OR AT ALL, AND WILL  NOT INTERFERE IN ANY WAY WITH PARTICIPANT’S RIGHT OR THE RIGHT OF THE  COMPANY (OR THE SERVICE RECIPIENT) TO TERMINATE PARTICIPANT’S  RELATIONSHIP AS A SERVICE PROVIDER, SUBJECT TO APPLICABLE LAW, WHICH  TERMINATION, UNLESS PROVIDED OTHERWISE UNDER APPLICABLE LAW, MAY BE  AT ANY TIME, WITH OR WITHOUT CAUSE.  10. Nature of Grant.  In accepting this Award of PSUs, Participant acknowledges,  understands and agrees that:  (a) the grant of the PSUs is voluntary and occasional and does not create any  contractual or other right to receive future grants of equity awards, or benefits in lieu of equity  awards, even if equity awards have been granted in the past;   (b) all decisions with respect to future PSUs or other grants, if any, will be at  the sole discretion of the Administrator;   (c) Participant is voluntarily participating in the Plan;   (d) the PSUs and the Shares subject to the PSUs are not intended to replace any  pension rights or compensation;  (e) the PSUs and Shares subject to the PSUs, and the income and value of same,  are not part of normal or expected compensation for purposes of calculating any severance,  resignation, termination, redundancy, dismissal, end-of-service payments, bonuses, holiday pay,  long-service awards, pension or retirement or welfare benefits or similar payments;   (f) the future value of the Shares underlying the PSUs is unknown,  indeterminable, and cannot be predicted;   (g) for purposes of the PSUs, Participant’s status as a Service Provider will be  considered terminated as of the date Participant is no longer actively providing services to the  Company or any Parent or Subsidiary (regardless of the reason for such termination and whether  or not later found to be invalid or in breach of employment laws in the jurisdiction where  Participant is a Service Provider or the terms of Participant’s employment or service agreement, if  any), and unless otherwise expressly provided in this RSU Agreement (including by reference in  the Notice of Grant to other arrangements or contracts) or determined by the Administrator,  Participant’s right to vest in the PSUs under the Plan, if any, will terminate as of such date and  will not be extended by any notice period (e.g., Participant’s period of service would not include  any contractual notice period or any period of “garden leave” or similar period mandated under  employment laws in the jurisdiction where Participant is a Service Provider or the terms of  Participant’s employment or service agreement, if any, unless Participant is providing bona fide  

 

  - 10 -  services during such time); the Administrator shall have the exclusive discretion to determine when  Participant is no longer actively providing services for purposes of the PSUs grant (including  whether Participant may still be considered to be providing services while on a leave of absence  and consistent with local law);   (h) unless otherwise provided in the Plan or by the Administrator in its  discretion, the PSUs and the benefits evidenced by this RSU Agreement do not create any  entitlement to have the PSUs or any such benefits transferred to, or assumed by, another company  nor to be exchanged, cashed out or substituted for, in connection with any corporate transaction  affecting the Shares; and  (i) unless otherwise agreed with the Company in writing, the PSUs and the  Shares subject to the PSUs, and the income from and value of same, are not granted as  consideration for, or in connection with, the service Participant may provide as a director of a  subsidiary of the Company; and  (j) the following provisions apply only if Participant is providing services  outside the United States:  (i) the PSUs and the Shares subject to the PSUs are not part of normal  or expected compensation or salary for any purpose;  (ii) Participant acknowledges and agrees that none of the Company, the  Service Recipient, or any Parent or Subsidiary shall be liable for any foreign exchange rate  fluctuation between Participant’s local currency and the United States Dollar that may affect the  value of the PSUs or of any amounts due to Participant pursuant to the settlement of the PSUs or  the subsequent sale of any Shares acquired upon settlement; and  (iii) no claim or entitlement to compensation or damages shall arise from  forfeiture of the PSUs resulting from the termination of Participant’s status as a Service Provider  (for any reason whatsoever whether or not later found to be invalid or in breach of employment  laws in the jurisdiction where Participant is a Service Provider or the terms of Participant’s  employment or service agreement, if any), and in consideration of the grant of the PSUs to which  Participant is otherwise not entitled, Participant irrevocably agrees never to institute any claim  against any the Company, any Parent, any Subsidiary or the Service Recipient, waives his or her  ability, if any, to bring any such claim, and releases the Company, any Parent, any Subsidiary or  the Service Recipient from any such claim; if, notwithstanding the foregoing, any such claim is  allowed by a court of competent jurisdiction, then, by participating in the Plan, Participant shall  be deemed irrevocably to have agreed not to pursue such claim and agrees to execute any and all  documents necessary to request dismissal or withdrawal of such claim.  11. No Advice Regarding Grant.  The Company is not providing any tax, legal or  financial advice, nor is the Company making any recommendations regarding Participant’s  participation in the Plan, or Participant’s acquisition or sale of the Shares underlying the PSUs.   Participant is hereby advised to consult with his or her own personal tax, legal and financial  advisors regarding his or her participation in the Plan before taking any action related to the Plan.  

 

  - 11 -  12. Data Privacy.  Participant hereby explicitly and unambiguously consents to the  collection, use and transfer, in electronic or other form, of Participant’s personal data as  described in this RSU Agreement and any other Restricted Stock Unit grant materials by and  among, as applicable, the Employer or other Service Recipient, the Company and any Parent or  Subsidiary for the exclusive purpose of implementing, administering and managing  Participant’s participation in the Plan.  Participant understands that the Company and the Employer may hold certain personal  information about Participant, including, but not limited to, Participant’s name, home address  and telephone number, date of birth, social insurance number or other identification number,  salary, nationality, job title, any Shares or directorships held in the Company, details of all PSUs  or any other entitlement to Shares awarded, canceled, exercised, vested, unvested or outstanding  in Participant’s favor (“Data”), for the exclusive purpose of implementing, administering and  managing the Plan.    Participant understands that Data may be transferred to a stock plan service provider,  as may be selected by the Company in the future, which is assisting the Company with the  implementation, administration and management of the Plan.  Participant understands that the  recipients of the Data may be located in the United States or elsewhere, and that the recipients’  country of operation (e.g., the United States) may have different data privacy laws and  protections than Participant’s country.  Participant understands that if he or she resides outside  the United States, he or she may request a list with the names and addresses of any potential  recipients of the Data by contacting his or her local human resources representative.   Participant authorizes the Company, any stock plan service provider selected by the Company  and any other possible recipients which may assist the Company (presently or in the future) with  implementing, administering and managing the Plan to receive, possess, use, retain and transfer  the Data, in electronic or other form, for the sole purposes of implementing, administering and  managing Participant’s participation in the Plan and that this period may extend beyond  Participant’s period of Service Relationship.  Participant understands that Data will be held  only as long as is necessary to implement, administer and manage Participant’s participation in  the Plan.  Participant understands that, he or she may, at any time, view Data, request additional  information about the storage and processing of Data, require any necessary amendments to  Data or refuse or withdraw the consents herein, in any case without cost, by contacting in  writing his or her local human resources representative.  Further, Participant understands that  he or she is providing the consents herein on a purely voluntary basis.  If Participant does not  consent, or if Participant later seeks to revoke his or her consent, his or her status as a Service  Provider and career with the Employer will not be adversely affected.  The only adverse  consequence of refusing or withdrawing Participant’s consent is that the Company would not  be able to grant Participant PSUs or other equity awards or administer or maintain such awards.   Therefore, Participant understands that refusing or withdrawing his or her consent may affect  Participant’s ability to participate in the Plan.  For more information on the consequences of  Participant’s refusal to consent or withdrawal of consent, Participant understands that he or  she may contact his or her local human resources representative.  13. Insider Trading Restrictions/Market Abuse Laws. Participant acknowledges  that, depending on his or her country, Participant may be subject to insider trading restrictions  and/or market abuse laws based on the exchange on which the Shares are listed and in applicable  

 

  - 12 -  jurisdictions including the United States and Participant’s country or the broker’s country, if  different, which may affect Participant’s ability to accept, acquire, sell or otherwise dispose of  Shares, rights to Shares (e.g., the PSUs) or rights linked to the value of Shares during such times  as Participant is considered to have “inside information” regarding the Company (as defined by  the laws in applicable jurisdictions).  Local insider trading laws and regulations may prohibit the  cancellation or amendment of orders Participant placed before Participant possessed inside  information.  Furthermore Participant could be prohibited from (i) disclosing the inside  information to any third party, which may include fellow employees, directors, consultants or key  persons (other than on a “need to know” basis) and (ii) “tipping” third parties or causing them  otherwise to buy or sell securities.  Any restrictions under these laws or regulations are separate  from and in addition to any restrictions that may be imposed under any applicable Company insider  trading policy.  Participant acknowledges that it is his or her responsibility to comply with any  applicable restrictions and that Participant should speak to his or her personal legal advisor on this  matter.  14. Foreign Asset and/or Account Reporting, Exchange Control Reporting and Tax  Reporting Requirements. Participant’s country may have certain foreign asset and/or account  reporting requirements and exchange controls which may affect Participant’s ability to acquire or  hold Shares under the Plan or cash received from participating in the Plan (including from any  dividends received or sale proceeds arising from the sale of Shares) in a brokerage or bank account  outside Participant’s country.  Participant understands that he or she may be required to report such  accounts, assets or transactions to the tax or other authorities in Participant’s country.  Participant  also may be required to repatriate sale proceeds or other funds received as a result of his or her  participation in the Plan to Participant’s country through a designated bank or broker and/or within  a certain time after receipt.  In addition, Participant may be subject to tax payment and/or reporting  obligations in connection with any income realized under the Plan and/or from the sale of Shares.   Participant acknowledges that it is his or her responsibility to be compliant with all such  requirements, and that Participant should consult his or her personal legal and tax advisors, as  applicable, to ensure Participant’s compliance.  15. Address for Notices.  Any notice to be given to the Company under the terms of  this RSU Agreement will be addressed to the Company at Couchbase, Inc., 3250 Olcott Street,  Santa Clara, California 95054, or at such other address as the Company may hereafter designate  in writing.  16. Electronic Delivery and Acceptance.  The Company may, in its sole discretion,  decide to deliver any documents related to the PSUs awarded under the Plan or future PSUs that  may be awarded under the Plan by electronic means or require Participant to participate in the Plan  by electronic means.  Participant hereby consents to receive such documents by electronic delivery  and agrees to participate in the Plan through any on-line or electronic system established and  maintained by the Company or a third party designated by the Company.  17. Captions.  Captions provided herein are for convenience only and are not to serve  as a basis for interpretation or construction of this RSU Agreement.  18. RSU Agreement Severable.  In the event that any provision in this RSU Agreement  will be held invalid or unenforceable, such provision will be severable from, and such invalidity  

 

  - 13 -  or unenforceability will not be construed to have any effect on, the remaining provisions of this  RSU Agreement.  19. No Waiver.  Either party’s failure to enforce any provision or provisions of this  RSU Agreement shall not in any way be construed as a waiver of any such provision or provisions,  nor prevent that party from thereafter enforcing each and every other provision of this RSU  Agreement.  The rights granted both parties herein are cumulative and shall not constitute a waiver  of either party’s right to assert all other legal remedies available to it under the circumstances.  20. Grant is Not Transferable.  Except to the limited extent provided in Section 6, this  grant and the rights and privileges conferred hereby will not be transferred, assigned, pledged or  hypothecated in any way (whether by operation of law or otherwise) and will not be subject to sale  under execution, attachment or similar process.  Upon any attempt to transfer, assign, pledge,  hypothecate or otherwise dispose of this grant, or any right or privilege conferred hereby, or upon  any attempted sale under any execution, attachment or similar process, this grant and the rights  and privileges conferred hereby immediately will become null and void.  21. Successors and Assigns.  The Company may assign any of its rights under this RSU  Agreement to single or multiple assignees, and this RSU Agreement shall inure to the benefit of  the successors and assigns of the Company.  Subject to the restrictions on transfer herein set forth,  this RSU Agreement shall be binding upon Participant and his or her heirs, executors,  administrators, successors and assigns.  The rights and obligations of Participant under this RSU  Agreement may be assigned only with the prior written consent of the Company.  22. Additional Conditions to Issuance of Stock.  If at any time the Company will  determine, in its discretion, that the listing, registration, qualification or rule compliance of the  Shares upon any securities exchange or under any state, federal or non-U.S. law, the tax code and  related regulations or under the rulings or regulations of the United States Securities and Exchange  Commission or any other governmental regulatory body or the clearance, consent or approval of  the United States Securities and Exchange Commission or any other governmental regulatory  authority is necessary or desirable as a condition to the issuance of Shares to Participant (or his or  her estate) hereunder, such issuance will not occur unless and until such listing, registration,  qualification, rule compliance, clearance, consent or approval will have been completed, effected  or obtained free of any conditions not acceptable to the Company.  Subject to the terms of the RSU  Agreement and the Plan, the Company shall not be required to issue any certificate or certificates  for (or make any entry on the books of the Company or of a duly authorized transfer agent of the  Company of) the Shares hereunder prior to the lapse of such reasonable period of time following  the date of vesting of the PSUs as the Administrator may establish from time to time for reasons  of administrative convenience.  23. Language.  If Participant has received this RSU Agreement or any other document  related to the Plan translated into a language other than English and if the meaning of the translated  version is different than the English version, the English version will control.  24. Interpretation.  The Administrator will have the power to interpret the Plan and this  RSU Agreement and to adopt such rules for the administration, interpretation and application of  the Plan as are consistent therewith and to interpret or revoke any such rules (including, but not  

 

  - 14 -  limited to, the determination of whether or not any PSUs have vested).  All actions taken and all  interpretations and determinations made by the Administrator in good faith will be final and  binding upon Participant, the Company and all other interested persons.  Neither the Administrator  nor any person acting on behalf of the Administrator will be personally liable for any action,  determination or interpretation made in good faith with respect to the Plan or this RSU Agreement.  25. Amendment, Suspension or Termination of the Plan.  By accepting this Award,  Participant expressly warrants that he or she has received an Award of PSUs under the Plan, and  has received, read and understood a description of the Plan.  Participant understands that the Plan  is discretionary in nature and may be amended, suspended or terminated by the Administrator at  any time.  26. Modifications to the RSU Agreement.  This RSU Agreement constitutes the entire  understanding of the parties on the subjects covered.  Participant expressly warrants that he or she  is not accepting this RSU Agreement in reliance on any promises, representations, or inducements  other than those contained herein.  Modifications to this RSU Agreement or the Plan can be made  only in an express written contract executed by a duly authorized officer of the Company.   Notwithstanding anything to the contrary in the Plan or this RSU Agreement, the Company  reserves the right to revise this RSU Agreement as it deems necessary or advisable, in its sole  discretion and without the consent of Participant, to comply with Section 409A or to otherwise  avoid imposition of any additional tax or income recognition under Section 409A in connection  with this Award of PSUs.  27. Governing Law; Venue.  This RSU Agreement and the PSUs will be governed by  the laws of California, without giving effect to the conflict of law principles thereof.  For purposes  of litigating any dispute that arises under these PSUs or this RSU Agreement, the parties hereby  submit to and consent to the jurisdiction of the State of California, and agree that such litigation  will be conducted in the courts of Santa Clara County, California, or the U.S. federal courts for the  Norther District of California, and no other courts, where the PSUs are made and/or to be  performed.  28. Entire Agreement.  The Plan is incorporated herein by reference.  The Plan and this  RSU Agreement (including the appendices and exhibits referenced herein) constitute the entire  agreement of the parties with respect to the subject matter hereof and supersede in their entirety  all prior undertakings and agreements of the Company and Participant with respect to the subject  matter hereof, and may not be modified adversely to the Participant’s interest except by means of  a writing signed by the Company and Participant.  29. Country Addendum.  Notwithstanding any provisions in this RSU Agreement, the  Restricted Stock Unit grant shall be subject to any special terms and conditions set forth in an  appendix (if any) to this RSU Agreement for any country whose laws are applicable to Participant  and this Award of PSUs (as determined by the Administrator in its sole discretion) (the “Country  Addendum”).  Moreover, if Participant relocates to one of the countries included in the Country  Addendum (if any), the special terms and conditions for such country will apply to Participant, to  the extent the Company determines that the application of such terms and conditions is necessary  or advisable for legal or administrative reasons.  The Country Addendum (if any) constitutes a part  of this RSU Agreement.  

 

  - 15 -  30. Tax Consequences.  Participant has reviewed with his or her own tax advisors the  U.S. federal, state, local and non-U.S. tax consequences of this grant of PSUs and the transactions  contemplated by this RSU Agreement.  With respect to such matters, Participant relies solely on  such advisors and not on any statements or representations of the Company or any of its agents,  written or oral.  Participant understands that Participant (and not the Company) shall be solely  responsible for Participant’s own tax liability that may arise as a result of this grant of PSUs or the  transactions contemplated by this RSU Agreement.  *          *          *     

 

  - 16 -  COUCHBASE, INC.  2021 EQUITY INCENTIVE PLAN   COUNTRY ADDENDUM  FOR RESTRICTED STOCK UNIT AGREEMENT FOR NON-US PARTICIPANTS     Terms and Conditions  Certain capitalized terms used but not defined in this Country Addendum have the meanings set  forth in the Plan and/or the RSU Agreement.   This Country Addendum includes additional terms and conditions that govern the PSUs granted  to Participant under the Plan if Participant resides and/or works in any of the countries listed below.  Notifications  This Country Addendum also includes information regarding exchange controls and certain other  issues of which Participant should be aware with respect to Participant’s participation in the Plan.   The information is based on the securities, exchange control and other laws in effect in the  respective countries as of March 2021.  Such laws are often complex and change frequently.  As a  result, Participant should not rely on the information noted herein as the only source of information  relating to the consequences of Participant’s participation in the Plan because the information be  out of date at vesting of the PSUs or the subsequent sale of Shares acquired under the Plan or  receipt of any dividends.  In addition, the information is general in nature and may not apply to Participant’s particular  situation, and the Company is not in a position to assure Participant of any particular result.   Accordingly, Participant is advised to seek appropriate professional advice as to how the relevant  laws in Participant’s country may apply to Participant’s situation.  Finally, if Participant is a citizen or resident of a country other than the one in Participant is  currently residing and/or working, transferred or transfers employment and/or residency after the  Grant Date or is considered a resident of another country for local law purposes, the information  contained herein may not be applicable to Participant.  The Company shall, in its sole discretion,  determine to what extent the terms and conditions included herein will apply to Participant in such  circumstances.  EUROPEAN ECONOMIC AREA (INCLUDING THE UNITED KINGDOM) AND  SWITZERLAND  Data Protection  For Participants resident in a country in the European Economic Area, Switzerland or the United  Kingdom, the following language replaces in its entirety the data privacy section in Exhibit A of  

 

  - 17 -  the RSU Agreement:  (a)                 Participant is hereby notified of the collection, use and transfer outside of the  European Economic Area, as described in the RSU Agreement, in electronic or other form, of his  or her Personal Data (defined below) by and among, as applicable, the Company and certain of its  Affiliates for the exclusive and legitimate purpose of implementing, administering and managing  Participant’s participation in the Plan.   (b)                  Participant understands that the Company and the Service Recipient hold  certain personal information about Participant, including, but not limited to, Participant’s name,  home address and telephone number, email address, date of birth, social insurance number,  passport or other identification number, salary, nationality, job title, any Shares or directorships  held in the Company, details of all entitlement to Shares awarded, canceled, exercised, vested,  unvested or outstanding in Participant’s favor (“Personal Data”), for the purpose of implementing,  administering and managing the Plan.  (c)                   The Participant understands that providing the Company with this Personal  Data is necessary for the performance of the RSU Agreement and that Participant’s refusal to  provide the Personal Data would make it impossible for the Company to perform its contractual  obligations and may affect the Participant’s ability to participate in the Plan.  The Participant’s  Personal Data shall be accessible within the Company only by the persons specifically charged  with Personal Data processing operations and by the persons that need to access the Personal Data  because of their duties and position in relation to the performance of the RSU Agreement.   (d)                  The Personal Data will be held only as long as is necessary to implement,  administer and manage Participant’s participation in the Plan or as required to comply with legal  or regulatory obligations, including under tax and security laws.  This period may extend until  Participant’s Service Relationship is terminated, plus any additional time periods necessary for  compliance with law, exercise or defense of legal rights, and archiving, back-up and deletion  processes.  Participant may, at any time and without cost, contact Couchbase, Inc. Stock  Administration, 3250 Olcott Street, Santa Clara, California 95054, USA to enforce his or her rights  under the data protection laws in Participant’s country, which may include the right to (i) request  access or copies of Personal Data subject to processing; (ii) request rectification of incorrect  Personal Data; (iii) request deletion of Personal Data; (iv) request restriction on processing of  Personal Data; (v) request portability of Personal Data; (vi) lodge complaints with competent  authorities in Participant’s country; and/or (vii) request a list with the names and addresses of any  potential recipients of Personal Data.  (e)                  The Company provides appropriate safeguards for protecting Personal Data  that it receives in the U.S. through its adherence to data transfer agreements entered into between  the Company and its Affiliates within the European Union.  (f)                    Further, the Participant understands that the Company will transfer Personal  Data to E*Trade Financial Corporate Services, Inc. or its affiliates and/or such other third parties as  may be selected by the Company, which are assisting the Company with the implementation,  administration and management of the Plan.  The Company may select a different service provider  or additional service providers and share Personal Data with such other provider(s) serving in a  

 

  - 18 -  similar manner.  Participant may be asked to agree on separate terms and data processing practices  with the service provider, with such agreement being a condition to the ability to participate in the  Plan.   (g)                  E*Trade Financial Corporate Services, Inc. is based in the United States.   Participant’s country or jurisdiction may have different data privacy laws and protections than the  United States.  Notwithstanding, by participating in the Plan, Participant agrees to the transfer of  his or her Personal Data to E*Trade Financial Corporate Services, Inc. or its affiliates for the  exclusive purpose of administering Participant’s participation in the Plan. The Company’s legal  basis, where required, for the transfer of Data to E*Trade Financial Corporate Services, Inc. or its  affiliates is Participant’s consent.      (h)                  Finally, Participant may choose to opt out of allowing the Company to share  his or her Personal Data with E*Trade Financial Corporate Services, Inc. or its affiliates and others  as described above, although execution of such choice may mean the Company cannot grant  awards under the Plan to Participant.  For questions about this choice or to make this choice,  Participant should contact Couchbase, Inc. Stock Administration, 3250 Olcott Street, Santa Clara,  California 95054, USA.   AUSTRALIA   Terms and Conditions   Compliance with Laws  Notwithstanding anything else in the Plan or the RSU Agreement, Participant will not be entitled  to and shall not claim any benefit under the Plan if the provision of such benefit would give rise to  a breach of Part 2D.2 of the Corporations Act 2001 (Cth.) (the “Act”), any other provision of the  Act, or any other applicable statute, rule or regulation which limits or restricts the giving of such  benefits.  Further, the Service Recipient is under no obligation to seek or obtain the approval of its  shareholders in a general meeting for the purpose of overcoming any such limitation or restriction.  Notifications  Tax Information  The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth)  applies (subject to conditions in the Act).  Securities Law Information  If Participant acquires Shares covered by the PSUs and Participant offers his or her Shares for sale  to a person or entity resident in Australia, the offer may be subject to disclosure requirements under  Australian law.  Participant should obtain legal advice on his or her disclosure obligations prior to  making any such offer.  

 

  - 19 -  Exchange Control Information  Exchange control reporting is required for cash transactions exceeding AUD10,000 and for  international fund transfers.  If an Australian bank is assisting with the transaction, the bank will  file the report on Participant’s behalf.  If there is no Australian bank involved in the transaction,  Participant will be required to file the report him or herself.   AUSTRIA  Notifications  Exchange Control Information  If Participant holds Shares obtained under the Plan or cash (including proceeds from the sale of  Shares) outside of Austria, he or she may be required to submit reports to the Austrian National  Bank as follows: (i) on a quarterly basis if the value of the Shares as of any given quarter meets or  exceeds €30,000; and (ii) on an annual basis if the value of the Shares as of December 31 meets  or exceeds €5,000,000. The quarterly reporting date is as of the last day of the respective quarter;  the deadline for filing the quarterly report is the 15th day of the month following the end of the  respective quarter.  The deadline for filing the annual report is January 31 of the following year.  When the Shares are sold, Participant may be required to comply with certain exchange control  obligations if the cash proceeds from the sale are held outside of Austria.  If the transaction volume  of all of Participant’s accounts abroad meets or exceeds €10,000,000, the movements and balances  of all accounts must be reported monthly, as of the last day of the month, on or before the 15th day  of the following month.  BELARUS  No country-specific provisions.  CANADA  Terms and Conditions  Payable Only In Shares  Notwithstanding any discretion in the Plan, the grant of PSUs does not provide any right for  Participant to receive a cash payment, and the PSUs are payable only in Shares.  Acknowledgment of Conditions  The following provision replaces in its entirety Section 10(g) of the RSU Agreement:  In the event Participant ceases to be a Service Provider, regardless of whether such termination is  effected by Participant or the Service Recipient, with or without cause, Participant’s right to vest  in the PSUs and receive Shares under the Plan, if any, will terminate as of the actual Date of  Termination.  For this purpose, “Date of Termination” shall mean the last day on which Participant  

 

  - 20 -  is actively employed by the Service Recipient, and shall not include or be extended by any period  following such day during which Participant is in receipt of or eligible to receive any notice of  termination, pay in lieu of notice of termination, severance pay or any other payments or damages,  whether arising under statute, contract or at common law.  Notwithstanding the foregoing, if  applicable employment standards legislation explicitly requires continued participation in the Plan  during a statutory notice period, Participant acknowledges that Participant’s right to participate in  the Plan, if any, will terminate effective as of the last day of Participant’s minimum statutory notice  period, but Participant will not earn or be entitled to any pro-rated vesting if the vesting date falls  after the end of Participant’s statutory notice period, nor will Participant be entitled to any  compensation for any lost vesting; the Administrator shall have the exclusive discretion to  determine when Participant is no longer actively providing services for purposes of the PSUs grant  (including whether Participant may still be considered to be providing services while on a leave of  absence and consistent with local law).  The following provisions apply if the Participant is a resident of Quebec:  Language Consent  The parties acknowledge that it is their express wish that the RSU Agreement, as well as all  documents, notices and legal proceedings entered into, given or instituted pursuant hereto or  relating directly or indirectly hereto, be drawn up in English.  Les parties reconnaissent avoir exigé la rédaction en anglais de la convention, ainsi que de tous  documents exécutés, avis donnés et procédures judiciaires intentées, directement ou indirectement,  relativement à ou suite à la présente convention.  Notifications  Foreign Asset/Account Reporting Information   Foreign specified property (including Shares) held by Canadian residents must be reported  annually on Form T1135 (Foreign Income Verification Statement) if the total cost of such foreign  specified property exceeds C$100,000 at any time during the year.  Foreign specified property  includes Shares acquired under the Plan and may include PSUs.  The PSUs must be reported -  generally at a nil cost - if the $100,000 cost threshold is exceeded because of other foreign property  Participant holds.  If shares are acquired, their cost generally is the adjusted cost base (“ACB”) of  the Shares.  The ACB would normally equal the Fair Market Value of the Shares at vesting, but if  Participant owns other Shares, this ACB may have to be averaged with the ACB of the other Shares  owned by Participant.  If due, the Form must be filed by April 30 of the following year.  Participant  should speak with a personal tax advisor to determine the scope of foreign property that must be  considered for purposes of this requirement.  FRANCE  Terms and Conditions  French Sub-Plan.  The PSUs are granted as French-Qualified Restricted Stock Units and are  intended to qualify for special tax and social security treatment applicable to shares granted for no  

 

  - 21 -  consideration under Sections L. 225-197-1 to L. 225-197-5 and Sections L. 22-10-59 to L. 22-10- 60 of the French Commercial Code, as amended.  The French-Qualified Restricted Stock Units are  subject to the provisions below and the French Sub-Plan to the Couchbase, Inc. 2021 Equity  Incentive Plan (the “French Sub-Plan”), which has been provided to Participant and is incorporated  herein.  Capitalized terms below not otherwise defined in the RSU Agreement and the Plan shall  have the same definitions assigned to them in the French Sub-Plan.  Certain events may affect the status of the Restricted Stock Units as French-Qualified Restricted  Stock Units or the underlying Shares, and the French-Qualified Restricted Stock Units or the  underlying Shares may be disqualified in the future.  The Company does not make any undertaking  or representation to maintain the qualified status of the French-Qualified Restricted Stock Units or  of the underlying Shares.  Termination due to Death.  This provision supplements Section 6 of the Award Agreement:  Notwithstanding anything to the contrary stated in the RSU Agreement or the Plan, death will not  cause such Participant’s unvested Restricted Stock Units to be immediately forfeited to the  Company.  In the case of Participant’s death, if the Participant’s heir or heirs request the delivery  of the Shares subject to the Restricted Stock Units within a period of six (6) months following  Participant’s death, then the Restricted Stock Units will be settled in Shares as soon as practicable  following the request.  If no such request is made within six (6) months following Participant’s  death, the Restricted Stock Units will be forfeited.   Non-Transferability of Restricted Stock Units.  Restricted Stock Units may not be sold, assigned,  transferred, pledged, hypothecated or otherwise disposed of in any manner during Participant’s  lifetime, and upon death only in accordance with the French Sub-Plan, and only to the extent  required by applicable laws (including the provisions of Sections L. 225-197-1 to L. 225-197-5  and Sections L. 22-10-59 to L. 22-10-60 of the French Commercial Code, as amended).  Minimum Vesting Period.  Notwithstanding anything to the contrary in the RSU Agreement or the  Plan, save in the case of death of Participant, Restricted Stock Units may not be settled before the  first (1st) annual anniversary of the Date of Grant (as defined under the French Sub-Plan) or such  other period as is required to comply with the minimum mandatory vesting period applicable to  Shares underlying French-Qualified Restricted Stock Units under Section L. 225-197-1 of the  French Commercial Code, as amended, or by the French Tax Code or French Social Security Code,  as amended.  Mandatory Holding Period.  Notwithstanding anything to the contrary in the RSU Agreement or  the Plan, any Shares issued to Participant upon settlement of the Restricted Stock Units must be  held (and cannot be sold or transferred) until the expiration of a period which can be no less than  two years from the Date of Grant (as defined under the French Sub-Plan), or such other period as  is required to comply with the minimum mandatory holding period applicable to Shares underlying  French-qualified Restricted Stock Units under Section L. 225-197-1 of the French Commercial  Code, as amended, or by the French Tax Code or French Social Security Code, as amended;  provided that if Participant dies or terminates due to Disability (as defined in the French Sub-Plan),  this mandatory holding period will not apply.  In order to enforce this provision, the Company  may, in its discretion, issue appropriate “stop transfer” instructions to its transfer agent or hold the  

 

  - 22 -  Shares until the expiration of the holding period set forth above (such Shares o may be held by the  Company, a transfer agent designated by the Company or with a broker designated by the  Company).  Closed Periods.  Participant may not sell any Shares issued upon vesting of the French-Qualified  Restricted Stock Units during certain Closed Periods, to the extent applicable to the Shares  underlying the French-Qualified Restricted Stock Units granted by the Company, as described in  the French Sub-Plan.  Holding Periods for Managing Corporate Officers.  If on the Date of Grant (as defined in the  French Sub-Plan), Participant qualifies as a managing corporate officer under French law  (“mandataires sociaux”) or any similar official capacity of the Company or a Subsidiary,  Participant may not sell 20% of the Shares acquired upon settlement of the French-Qualified  Restricted Stock Units until the termination of such official capacity, as long as this restriction is  applicable to French-Qualified Restricted Stock Units.  Consent to Receive Information in English  By accepting the RSU Agreement providing for the terms and conditions of Participant’s grant,  Participant confirms having read and understood the documents relating to this grant (the Plan and  the RSU Agreement), which were provided in the English language.  Participant accepts the terms  of those documents accordingly.  En acceptant le contrat de RSU prévoyant les termes et conditions de la subvention du participant,  le participant confirme avoir lu et compris les documents relatifs à cette subvention (le plan et le  contrat de RSU), qui ont été fournis en anglais.  Le participant accepte les termes de ces documents  en conséquence.  Notifications  Foreign Asset/Account Reporting Information  French residents holding Shares outside of France or maintaining a foreign bank account are  required to report such to the French tax authorities when filing their annual tax returns, including  any accounts that were closed during the year.  Further, failure to comply could trigger significant  penalties.  GERMANY  Notifications  Exchange Control Information  Cross-border payments in excess of €12,500 must be reported monthly to the German Federal  Bank. No report is required for payments less than €12,500.  In case of payments in connection  with securities (including proceeds realized upon the sale of Shares), the report must be made by  the 5th day of the month following the month in which the payment was received and must be filed  electronically.  The form of report (“Allgemeine Meldeportal Statistik”) can be accessed via the  

 

  - 23 -  Bundesbank’s website (www.bundesbank.de) and is available in both German and English.   Participant is responsible for satisfying the reporting obligation.  Foreign Asset/Account Reporting Information  If Participant’s acquisition of Shares under the Plan leads to a “qualified participation” at any point  during the calendar year, Participant will need to report the acquisition when Participant files  Participant’s his or her tax return for the relevant year.  A qualified participation is attained if (i)  the value of the Shares acquired exceeds EUR 150,000 or (ii) in the unlikely event Participant  holds Shares exceeding 10% of the total Shares.  However, if the Shares are listed on a recognized  U.S. exchange (i.e., the Nasdaq) and Participant owns less than 1% of the Company, this  requirement will not apply to Participant.   INDIA  Notifications  Exchange Control Information.   Participant must repatriate all proceeds received from your participation in the Plan to India within  the period of time prescribed under applicable Indian exchange control laws, as may be amended  from time to time.  Participant will receive a foreign inward remittance certificate (“FIRC”) from  the bank where Participant deposits the proceeds.  Participant should maintain the FIRC as  evidence of the repatriation of funds in the event that the Reserve Bank of India or the Service  Recipient requests proof of repatriation.  It is Participant’s responsibility to comply with exchange control laws in India, and neither the  Company nor the Service Recipient will be liable for any fines or penalties resulting from failure  to comply with applicable laws.  ISRAEL   Terms and Conditions  The following provisions will apply if the Participant is an employee of an Israeli resident  subsidiary of the Company on the Date of Grant and on any subsequent vesting date.   Israeli Sub-Plan: The Restricted Stock Units and underlying Shares shall be subject to the  provisions of the Plan and the Sub-Plan for Israeli Participants (the “Israel Sub-Plan”).  The terms  used herein shall have the meaning ascribed to them in the Plan and the Israel Sub-Plan.  Designation.  The Restricted Stock Units are intended to be subject to the trustee capital gain route  of Section 102 of the Israeli Tax Ordinance [New Version] 1961 (“Section 102” and “Capital  Gains Route”), subject to compliance with the requirements under Section 102 and any rules or  regulations thereunder, including the execution of this Agreement and the required declarations.   However, in the event the Restricted Stock Units do not meet the requirements of Section 102,  such Restricted Stock Units and the underlying Shares shall not qualify for the favorable tax  treatment under the Capital Gains Route.  The Company makes no representations or guarantees  

 

  - 24 -  that the Restricted Stock Units will qualify for favorable tax treatment and will not be liable or  responsible if favorable tax treatment is not available under Section 102.   The Trustee.  The Restricted Stock Units and the Shares issued upon vesting and/or any additional  rights, including without limitation any right to receive any dividends or any shares received as a  result of an adjustment made under the Plan, that may be granted in connection with the Restricted  Stock Units (the “Additional Rights”) shall be issued to or controlled by the Trustee for the  Participant’s benefit under the provisions of the Capital Gains Route for at least the period stated  in Section 102 or any other period of time determined by the Israel Tax Authority (“ITA”).  In  accordance with the requirements of Section 102 and the Capital Gains Route, the Participant shall  not sell nor transfer from the Trustee the Shares or Additional Rights until the end of the period  required under Section 102 or any shorter period determined by the ITA (the “Holding Period”).   Notwithstanding the above, if any such sale or transfer occurs before the end of the Holding Period,  the sanctions under Section 102 shall apply and shall be borne by the Participant.    Taxes.  Tax shall not generally be due upon vesting but upon sale or release of the Shares from the  Trustee.  Any and all taxes due in relation to the Restricted Stock Units and Shares issued upon  vesting, shall be borne solely by the Participant and in the event of death, by the Participant’s heirs.   The Service Recipient and/or the Trustee shall withhold taxes according to the requirements under  the applicable laws, the rules, and regulations, including withholding taxes at source.  Furthermore,  the Participant hereby agrees to indemnify the Service Recipient and/or the Trustee and hold them  harmless against and from any and all liability for any such tax or interest or penalty thereon,  including without limitation, liabilities relating to the necessity to withhold, or to have withheld,  any such tax from any payment made to the Participant.  The Service Recipient and/or the Trustee,  to the extent permitted by law, shall have the right to deduct from any payment otherwise due to  the Participant, or from proceeds of the sale of any Shares, an amount equal to any Taxes required  by law to be withheld with respect to such Shares.  The Participant will pay to the Service Recipient  or the Trustee any amount of taxes that the Service Recipient or the Trustee may be required to  withhold with respect to any Shares that cannot be satisfied by the means previously described.   The Company may refuse to deliver any Shares if the Participant fails to comply with the  Participant’s obligations in connection with the taxes as described in this section.  Any fees  associated with any vesting, sale, transfer or any act in relation to the Restricted Stock Units and  the Shares issued upon vesting, shall be borne by the Participant.  The Trustee and/or the Service  Recipient shall be entitled to withhold or deduct such fees from payments otherwise due to/from  the Service Recipient or the Trustee.  Securities Law Exemption.  An exemption from the requirement to file a prospectus with respect  to the Plan and the Restricted Stock Units will be obtained, if necessary, by the Company from the  Israeli Securities Authority.  Copies of the Plan and Form S-8 registration statement for the Plan  filed with the U.S. Securities and Exchange Commission are available free of charge upon request  from the Participant’s local human resources department.  Acknowledgements.  In addition to section 10 above, by accepting the Restricted Stock Units the  Participant hereby understands, acknowledges, agrees as follows: (i) Participant is familiar with  the provisions of Section 102 and the regulations and rules promulgated thereunder, including  without limitations the provisions of the tax route applicable to the Participant’s Restricted Stock  Units and agrees to comply with such provisions, as amended from time to time, provided that if  

 

  - 25 -  such terms are not met, the specific tax route may not apply; (ii) the Participant accepts the  provisions of the trust agreement signed between the Company and the Trustee, and agrees to be  bound by its terms; (iii) the Participant acknowledge that selling the Shares or releasing the Shares  from the control of the Trustee prior to the termination of the Holding Period constitutes a violation  of the terms of Section 102 and agrees to bear the relevant sanctions; (iv) the Participant authorizes  the Company to provide the Administrator and the Trustee with any information required for the  purpose of administering the Plan including executing their obligations according to Section 102,  the trust deed and the trust agreement, including without limitation information about the  Participant’s Restricted Stock Units, Shares, income tax rates, salary bank account, contact details  and identification number and acknowledges that the information might be shared with an  administrator who is located outside of Israel, where the level of protection of personal data is  different than in Israel.  ITALY  Terms and Conditions  Plan Document Acknowledgment   In accepting the grant of the PSUs, Participant acknowledges that he or she has received a copy of  the Plan and the RSU Agreement and has reviewed the Plan and the RSU Agreement, including  this Country Addendum, in their entirety and fully understands and accepts all provisions of the  Plan and the RSU Agreement, including this Country Addendum.   Participant acknowledges that he or she has read and specifically and expressly approves the  following sections of the RSU Agreement: Section 7 on Tax Obligations; Section 9 on No  Guarantee of Continued Service; Section 10 on Nature of Grant; Section 12 on Data Privacy;  Section 27 on Governing Law and Venue; and this Country Addendum.  Notifications  Foreign Asset/Account Reporting Information  Italian residents who, at any time during the fiscal year, hold foreign financial assets (including  cash and Shares) which may generate income taxable in Italy are required to report these assets on  their annual tax returns (UNICO Form, RW Schedule) for the year during which the assets are  held, or on a special form if no tax return is due.  These reporting obligations will also apply to  Italian residents who are the beneficial owners of foreign financial assets under Italian money  laundering provisions.  Foreign Asset Tax Information  The value of financial assets held outside of Italy (including Shares) by Italian residents is subject  to a foreign asset tax.  The taxable amount will be the fair market value of the financial assets (e.g.,  Shares acquired under the Plan) assessed at the end of the calendar year.    

 

  - 26 -    JAPAN  Notifications  Exchange Control Information  If Participant acquires Shares valued at more than ¥100,000,000 in a single transaction, Participant  must file a Securities Acquisition Report with the Ministry of Finance through the Bank of Japan  within 20 days of the acquisition of the Shares.   Foreign Asset/Account Reporting Information   Japanese residents will be required to report to the Tax Office details of any assets (including any  Shares acquired under the Plan) held outside of Japan as of December 31st of each year, to the  extent such assets have a total net fair market value exceeding ¥50 million.  Such report will be  due by March 15th of the following year.  Participant should consult with his or her personal tax  advisor as to whether the reporting obligation applies to Participant and whether Participant will  be required to report details of any outstanding PSUs or Shares held by Participant in the report.  LUXEMBOURG  No country-specific provisions.  NORWAY  No country-specific provisions.  SAUDI ARABIA  Notifications  Securities Law Information.  The RSU Agreement and related Plan documents may not be  distributed in the Kingdom of Saudi Arabia except to such persons as are permitted under the Rules  on the Offers of Securities and Continuing Obligations issued by the Capital Market Authority  (“CMA”).  The CMA does not make any representation as to the accuracy or completeness of the  Agreement, and expressly disclaims any liability whatsoever for any loss arising from, or incurred  in reliance upon, any part of the RSU Agreement.  Participant should conduct his or her own due  diligence on the accuracy of the information relating to the Shares.  If Participant does not  understand the contents of the RSU Agreement, Participant should consult an authorized financial  adviser.  

 

  - 27 -  SINGAPORE  Terms and Conditions  Sale Restriction  Participant agrees that any Shares acquired under the Plan will not be offered for sale in Singapore  prior to the six-month anniversary of the Date of Grant, unless such sale or offer is made pursuant  to the exemptions under Part XIII Division (1) Subdivision (4) (other than section 280) of the  Securities and Futures Act (Chapter 289, 2006 Ed.) (“SFA”), or pursuant to, and in accordance  with the conditions of, any other applicable provisions of the SFA.  Notifications  Securities Law Information  The PSUs are being granted pursuant to the “Qualifying Person” exemption under section  273(1)(f) of the SFA under which it is exempt from the prospectus and registration requirements  and is not made with a view to the underlying Shares being subsequently offered for sale to any  other party.  The Plan has not been and will not be lodged or registered as a prospectus with the  Monetary Authority of Singapore.  Director Notification Obligation  If Participant is a director, associate director or shadow director of the Company’s Singapore  Subsidiary, Participant is subject to certain notification requirements under the Singapore  Companies Act.  Among these requirements is an obligation to notify the Company’s Singapore  Subsidiary in writing when Participant receives an interest (e.g., the PSUs or Shares) in the  Company or any Subsidiary.  In addition, Participant must notify the Company’s Singapore  Subsidiary when he or she sells Shares of the Company or of any Subsidiary (including when  Participant sells Shares acquired upon vesting of the PSUs).  These notifications must be made  within two business days of (i) acquiring or disposing of any interest in the Company or any  Subsidiary, or (ii) any change in a previously-disclosed interest (e.g., upon vesting of the PSUs or  when Shares acquired under the Plan are subsequently sold).  In addition, a notification of  Participant’s interests in the Company or any Subsidiary must be made within two business days  of becoming a director, associate director or shadow director.  SPAIN  Terms and Conditions  Nature of Grant  The following provision supplements Section 10 of the RSU Agreement:  By accepting the PSUs, Participant acknowledges that he or she understands and agrees to  participation in the Plan and that he or she has received a copy of the Plan.  

 

  - 28 -  Participant understands that the Company has unilaterally, gratuitously and discretionally decided  to grant PSUs under the Plan to individuals who may be employees of the Company or its  Subsidiaries throughout the world.  The decision is a limited decision that is entered into upon the  express assumption and condition that any grant will not economically or otherwise bind the  Company or any of its Subsidiaries on an ongoing basis.  Consequently, Participant understands  that any grant is given on the assumption and condition that it shall not become a part of any  employment contract (either with the Company or any of its Subsidiaries) and shall not be  considered a mandatory benefit, salary for any purposes (including severance compensation) or  any other right whatsoever.  Further, Participant understands and freely accepts that there is no  guarantee that any benefit whatsoever shall arise from any gratuitous and discretionary grant since  the future value of the PSUs and the underlying shares is unknown and unpredictable.  In addition,  Participant understands that this grant would not be made but for the assumptions and conditions  referred to above; thus, Participant understands, acknowledges and freely accepts that should any  or all of the assumptions be mistaken or should any of the conditions not be met for any reason,  then the PSUs shall be null and void.   Further, Participant understands that the PSUs are a conditional right.  Participant shall forfeit any  unvested portion of the PSUs upon termination of his or her Service Relationship.  The terms of  this paragraph apply even if (1) Participant is considered to be unfairly dismissed without good  cause (i.e., subject to a “despido improcedente”); (2) Participant is dismissed for disciplinary or  objective reasons or due to a collective dismissal; (3) Participant terminates his or her employment  or service relationship due to a change of work location, duties or any other employment or  contractual condition; and (4) Participant terminates his or her Service Relationship due to a  unilateral breach of contract by the Company or a Subsidiary.  Consequently, upon termination of  Participant’s Service Relationship for any of the above reasons, Participant may automatically lose  any rights to the PSUs that were not vested on the date of termination of Participant’s Service  Relationship, as described in the Plan and the RSU Agreement.  Notifications  Securities Law Information  No “offer of securities to the public,” as defined under Spanish law, has taken place or will take  place in the Spanish territory in connection with the grant of the PSUs.  The RSU Agreement  (including this Country Addendum) has not been, nor will it be, registered with the Comisión  Nacional del Mercado de Valores, and does not constitute a public offering prospectus.  Exchange Control Information   The acquisition, ownership and sale of Shares under the Plan must be declared to the Spanish  Dirección General de Comercio e Inversiones (the “DGCI”), which is a department of the Ministry  of Economy and Competitiveness.  Participant must also declare ownership of any Shares by filing  a Form D-6 with the Directorate of Foreign Transactions each January while the Shares are owned.   In addition, the sale of Shares must also be declared on Form D-6 filed with the DGCI in January,  unless the sale proceeds exceed the applicable threshold  (or Participant holds a certain percentage  or more of the share capital of the Company or such other amount that would entitle the Participant  to join the Company’s Board of Directors), in which case, the filing is due within one month after  

 

  - 29 -  the sale.  When receiving foreign currency payments derived from the ownership of Shares (e.g., sale  proceeds) exceeding €50,000, Participant must inform the financial institution receiving the  payment of the basis upon which such payment is made.  Participant will need to provide the  institution with the following information: (i) Participant’s name, address, and tax identification  number; (ii) the name and corporate domicile of the Company; (iii) the amount of the payment;  the currency used; (iv) the country of origin; (v) the reasons for the payment; and (vi) further  information that may be required.  Spanish residents are required to declare electronically to the Bank of Spain any foreign accounts  (including brokerage accounts held abroad), any foreign instruments (including any Shares  acquired under the Plan) and any transactions with non-Spanish residents (including any payments  of Shares made to Participant by the Company or through a U.S. brokerage account) if the value  of the transactions for all such accounts during the prior year or the balances in such accounts as  of December 31 of the prior year exceeds €1,000,000.  If neither the total balances nor total  transactions with non-residents during the relevant period exceed €50,000,000, a summarized form  declaration may be used.  More frequent reporting is required if such transaction value or account  balance exceeds €100,000,000.  Foreign Asset/Account Reporting Information  If Participant holds rights or assets (e.g., Shares or cash held in a bank or brokerage account)  outside of Spain with a value in excess of €50,000 per type of right or asset (e.g., Shares, cash,  etc.) as of December 31 each year, Participant is required to report certain information regarding  such rights and assets on tax form 720.  After such rights and/or assets are initially reported, the  reporting obligation will only apply for subsequent years if the value of any previously-reported  rights or assets increases by more than €20,000 or if the ownership of the assets is transferred or  relinquished during the year.  The reporting must be completed by the following March 31.  SWEDEN  Terms and Conditions  Tax Obligations.  The following provision supplements Section 7 of the RSU Agreement:  Without limiting the Company’s and the Service Recipient’s authority to satisfy their withholding  obligations for Tax Obligations as set forth in Section 7 of the RSU Agreement, by accepting the  PSUs, Participant authorizes the Company and/or the Service Recipient to withhold Shares or to  sell Shares otherwise deliverable to Participant upon vesting to satisfy Tax Obligations, regardless  of whether the Company and/or the Service Recipient have an obligation to withhold such Tax  Obligations.  SWITZERLAND  Securities Law Information.    Neither this document nor any other materials relating to the PSUs (i) constitutes a prospectus  

 

  - 30 -  according to articles 35 et seq. of the Swiss Federal Act on Financial Services (“FinSA”) (ii) may  be publicly distributed or otherwise made publicly available in Switzerland to any person other  than a participant or (iii) has been or will be filed with, approved or supervised by any Swiss  reviewing body according to article 51 FinSA or any Swiss regulatory authority, including the  Swiss Financial Market Supervisory Authority (“FINMA”).  TURKEY  Notifications  Securities Law Information  Turkish residents are not permitted to sell Shares acquired under the Plan in Turkey.  Turkish  residents must sell the Shares acquired under the Plan outside of Turkey.  The Shares are currently  traded on the Nasdaq in the U.S. under the ticker symbol BASE and Shares may be sold on this  exchange.  Exchange Control Information   Under Turkish law, Turkish residents are permitted to purchase and sell securities or derivatives  traded on exchanges abroad only through a financial intermediary licensed in Turkey.  Therefore,  Participant may be required to appoint a Turkish broker to assist him or her with the vesting of the  PSUs or the sale of the Shares acquired under the Plan.  Participant should consult his or her  personal legal advisor before selling any Shares acquired under the Plan to confirm the  applicability of this requirement to Participant.  UNITED KINGDOM  Terms and Conditions  Payable Only In Shares  Notwithstanding any discretion in the Plan, the grant of PSUs does not provide any right for  Participant to receive a cash payment, and the PSUs are payable only in Shares.  Tax Acknowledgment  The following information supplements Section 7 of the RSU Agreement:  Without limitation to the information regarding Tax Obligations in the RSU Agreement,  Participant hereby agrees that he or she is liable for all Tax Obligations and hereby covenants to  pay all such Tax Obligations, as and when requested by the Company or, if different, the Service  Recipient or by Her Majesty’s Revenue & Customs (“HMRC”) (or any other tax authority or any  other relevant authority).  Participant agrees to indemnify and keep indemnified the Company  and/or the Service Recipient for all Tax Obligations that they are required to pay, or withhold or  have paid or will pay to HMRC on Participant’s behalf (or any other tax authority or any other  relevant authority) and authorizes the Company and/or the Service Recipient to recover such  amounts by any of the means referred to in Section 7 of the RSU Agreement.  

 

  - 31 -  Notwithstanding the foregoing, if Participant is an executive officer or director (within the  meaning of Section 13(k) of the U.S. Securities and Exchange Act of 1934, as amended),  Participant understands that he or she may not be able to indemnify the Company for the amount  of any Tax Obligations not collected from or paid by Participant, if the indemnification could be  considered a loan.  In this case, the Tax Obligations not collected or paid may constitute a benefit  to Participant on which additional income tax and employee National Insurance contributions  (“NICs”) may be payable.  Participant agrees to report and pay any income tax due on this additional benefit directly to HMRC  under the self-assessment regime and to pay to the Company or the Service Recipient (as  appropriate) the amount of any employee NICs due on this additional benefit, which the Company  and/or the Service Recipient may also recover from Participant at any time thereafter by any of the  means referred to in Section 7 of the RSU Agreement.  Agreement to bear Employer National Insurance Contribution / Employer Joint Election    As a condition of participation in the Plan, Participant agrees to accept liability for any secondary  Class 1 National Insurance contributions which may be payable by the Company or the Service  Recipient (or any successor to the Company or the Service Recipient) in connection with the PSUs  or any event giving rise to Tax-Related Items (“Employer NICs”).    Without prejudice to the foregoing, Participant agrees to enter into the following joint election  with the Company or the Service Recipient (a “NICs Joint Election”), the form of such NICs Joint  Election being formally approved by HMRC, and any other consent or elections required to  accomplish the transfer of the Employer NICs to Participant.  Participant further agrees to execute  such other elections as may be required by any successor to the Company and/or the Service  Recipient for the purpose of continuing the effectiveness of Participant’s NICs Joint Election.  If  Participant does not complete the NICs Joint Election prior to vesting of Participant’s PSUs, or if  approval of the NICs Joint Election is withdrawn by HMRC and a new NICs Joint Election is not  entered into, the Participant will not be entitled to vest in their PSUs without any liability to the  Company or its Parent or Subsidiaries.  Participant must enter into the NICs Joint Election  concurrent with the execution of the RSU Agreement, or at such subsequent time as may be  designated by the Company.  

 

  - 32 -  Attachment to Appendix for the United Kingdom    Important Note on the Joint Election to Transfer  Employer National Insurance Contributions  As a condition of participation in the Couchbase, Inc. 2021 Equity Incentive Plan (the  “Plan”) and the restricted stock units, stock options, or other equity awards (the "Awards")  provided for under the Plan that have been granted to you (the “Participant”) by Couchbase,  Inc., a Delaware corporation (the “Company”), the Participant is required to enter into a  joint election to transfer to the Participant any liability for employer National Insurance  contributions (the “Employer’s Liability”) that may arise in connection with the grant of the  Awards or in connection with any Awards that may be granted by the Company to the  Participant under the Plan (the “Joint Election”).    If the Participant does not agree to enter into the Joint Election, the grant of the Awards will  be worthless and the Participant will not be able to vest in the Awards or receive any benefit  in connection with the Awards.  By entering into the Joint Election:  ⚫ the Participant agrees that any Employer’s Liability that may arise in connection  with or pursuant to the vesting of the Awards (or any Awards granted to the  Participant under the Plan) or the acquisition of Shares or other taxable events in  connection with the Awards will be transferred to the Participant;  ⚫ the Participant authorises the Company and/or the Participant’s employer to  recover an amount sufficient to cover this liability by any method set forth in the  Award Agreement and/or the Joint Election, including but not limited to deductions  from Participant's salary or other payments due or the sale of sufficient shares  acquired pursuant to the Awards; and  ⚫ the Participant acknowledges that even if he or she has accepted the Joint Election  via the Company’s online procedure, the Company or the Participant’s employer  may still require the Participant to sign a paper copy of the Joint Election (or a  substantially similar form) if the Company determines such is necessary to give  effect to the Joint Election.  By accepting the Awards through the Company’s online acceptance procedure (or by signing  the Award Agreement), the Participant is agreeing to be bound by the terms of the Joint  Election.  Please read the terms of the Joint Election carefully before accepting the Award Agreement  and the Joint Election.  Please print and keep a copy of the Joint Election for your records.  

 

  - 33 -  COUCHBASE, INC. 2021 EQUITY INCENTIVE PLAN  (UK Employees)  Election To Transfer the Employer’s National Insurance Liability to the Employee  1. Parties  This Election is between:  (A) You, the individual who has gained access to this Election (the “Employee”), who  is employed by one of the employing companies listed in the attached schedule (the “Employer”)  and who is eligible to receive stock units, stock options, or other equity awards (“Awards”)  granted by Couchbase, Inc. pursuant to the terms and conditions of the Couchbase, Inc. 2021  Equity Incentive Plan, as amended (the “Plan”), and  (B) Couchbase, Inc. of 3250 Olcott Street, Santa Clara, CA 95054, United States (the  “Company”), which may grant Awards under the Plan and is entering into this Form of Election  on behalf of the Employer.  2. Purpose of Election  2.1 This Election relates to Awards granted by the Company to the Employee under the Plan  up to the termination of the Plan.    2.2 In this Election the following words and phrases have the following meanings:  “Taxable Event” means .any event giving rise to Relevant Employment Income.  “ITEPA” means the Income Tax (Earnings and Pensions) Act 2003.  “Relevant Employment Income” from Awards on which employer’s National Insurance  Contributions becomes due is defined as:  i. an amount that counts as employment income of the earner under section 426  ITEPA (restricted securities: charge on certain post-acquisition events);  ii. an amount that counts as employment income of the earner under section 438 of  ITEPA (convertible securities: charge on certain post-acquisition events); or  iii. any gain that is treated as remuneration derived from the earner’s employment by  virtue of section 4(4)(a) SSCBA, including without limitation:  (A) the acquisition of securities pursuant to the Awards (within the meaning of section  477(3)(a) of ITEPA);   (B) the assignment (if applicable) or release of the Awards in return for consideration  (within the meaning of section 477(3)(b) of ITEPA);   (C) the receipt of a benefit in connection with the Awards, other than a benefit within  (i) or (ii) above (within the meaning of section 477(3)(c) of ITEPA).  “SSCBA” means the Social Security Contributions and Benefits Act 1992.  

 

  - 34 -  2.3 This Election relates to the Employer’s secondary Class 1 National Insurance Contributions  (the “Employer’s Liability”) which may arise in respect of the Relevant Employment Income in  respect of Awards pursuant to section 4(4)(a) and/or paragraph 3B(1A) of Schedule 1 of the  SSCBA.   2.4 This Election does not apply in relation to any liability, or any part of any liability, arising  as a result of regulations being given retrospective effect by virtue of section 4B(2) of either the  SSCBA or the Social Security Contributions and Benefits (Northern Ireland) Act 1992.  2.5 This Election does not apply to the extent that it relates to relevant employment income  which is employment income of the earner by virtue of Chapter 3A of Part VII of ITEPA  (employment income: securities with artificially depressed market value).  2.6 Any reference to the Company and/or the Employer shall include that entity’s successors  in title and assigns as permitted in accordance with the terms of the Plan and the Award  Agreement.  This Election will have effect in respect of the Awards and any awards which replace  or replaced the Awards following their grant in circumstances where section 483 of ITEPA applies.  3. Election  The Employee and the Company jointly elect that the entire liability of the Employer to pay the  Employer’s Liability that arises on any Relevant Employment Income is hereby transferred to the  Employee.  The Employee understands that by accepting the Awards (whether by clicking on the  acceptance buttons as part of the Company’s electronic acceptance procedure or by signing the  Award Agreement in hard copy), he or she will become personally liable for the Employer’s  Liability covered by this Election.  This Election is made in accordance with paragraph 3B(1) of  Schedule 1 to SSCBA.  4. Payment of the Employer’s Liability  4.1 The Employee hereby authorises the Company and/or the Employer to collect the  Employer’s Liability in respect of any Relevant Employment Income from the Employee at any  time after the Taxable Event:  (i) by deduction from salary or any other payment payable to the Employee at any time on or  after the date of the Taxable Event; and/or   (ii) directly from the Employee by payment in cash or cleared funds; and/or  (iii) by arranging, on behalf of the Employee, for the sale of some of the securities which the  Employee is entitled to receive in respect of the Awards; and/or  (iv) by any other means specified in the Award Agreement.   4.2 The Company hereby reserves for itself and the Employer the right to withhold the transfer  of any securities in respect of the Awards to the Employee until full payment of the Employer’s  Liability is received.   

 

  - 35 -  4.3 The Company agrees to procure the remittance by the Employer of the Employer’s  Liability to HM Revenue and Customs on behalf of the Employee within 14 days after the end of  the UK tax month during which the Taxable Event occurs (or within 17 days after the end of the  UK tax month during which the Taxable Event occurs, if payments are made electronically).  5. Duration of Election  5.1 The Employee and the Company agree to be bound by the terms of this Election regardless  of whether the Employee is transferred abroad or is not employed by the Employer on the date on  which the Employer’s Liability becomes due.  5.2 This Election will continue in effect until the earliest of the following:   (i) the Employee and the Company agree in writing that it should cease to have effect;   (ii) on the date the Company serves written notice on the Employee terminating its effect;   (iii) on the date HM Revenue and Customs withdraws approval of this Election; or   (iv) after due payment of the Employer’s Liability in respect of the entirety of the Awards to  which this Election relates or could relate, such that the Election ceases to have effect in  accordance with its terms.  Acceptance by the Employee  The Employee acknowledges that by accepting the Awards (whether by clicking on the acceptance  buttons as part of the Company’s electronic acceptance procedure or by signing the Award  Agreement in hard copy), the Employee agrees to be bound by the terms of this Election.  Acceptance by the Company  The Company acknowledges that, by arranging for the scanned signature of an authorised  representative to appear on this Election, the Company agrees to be bound by the terms of this  Election.    Signed for and on behalf of the Company    __________________________________________    Authorised Signatory          

 

  - 36 -      SCHEDULE OF EMPLOYER COMPANIES  The following are employer companies to which this Joint Election may  apply:  Couchbase Limited  Registered Office:  11-21 Paul Street  London EC2A 4JU  United Kingdom  Company Registration Number: 8051754  Corporation Tax Reference: 1491120334  PAYE Reference: 475/WA73224

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