Document:

Exhibit 10.8

 

INDEMNIFICATION AGREEMENT

 

This Agreement, made and entered
into effective as of _______, 2021 (“Agreement”), by and between Gesher I Acquisition Corp., a Cayman Islands exempted company
(“Company”), and the undersigned indemnitee (“Indemnitee”).

 

WHEREAS, the adoption of the
Sarbanes-Oxley Act of 2002 and other laws, rules and regulations being promulgated have increased the potential for liability of officers
and directors; and

 

WHEREAS, the Board of Directors
of the Company (“Board”) has determined that the ability to attract and retain such persons is in the best interests of the
Company’s shareholders; and

 

WHEREAS, it is reasonable,
prudent and necessary for the Company to obligate itself contractually to indemnify such persons to the fullest extent permitted by applicable
law so that such persons will serve or continue to serve the Company free from undue concern that they will not be adequately indemnified;
and

 

WHEREAS, this Agreement is
a supplement to and in furtherance of the Company’s Amended and Restated Memorandum and Articles of Association and any resolutions
adopted pursuant thereto and shall neither be deemed to be a substitute therefor nor to diminish or abrogate any rights of Indemnitee
thereunder; and

 

WHEREAS, Indemnitee is willing
to serve on behalf of the Company on the condition that he be indemnified according to the terms of this Agreement;

 

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

 

1. Definitions. For purposes of this
Agreement:

 

1.1 “Change in
Control” means a change in control of the Company occurring after the date hereof of a nature that would be required to be reported
in response to Item 6(e) of Schedule 14A of Regulation 14A (or in response to any similar item on any similar schedule or form) promulgated
under the Securities Exchange Act of 1934, as amended (“Exchange Act”), whether or not the Company is then subject to such
reporting requirement provided, however, that, without limitation, such a Change in Control shall be deemed to have occurred if after
the date hereof (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than a person
who is an officer or director of the Company on the date hereof (and any of such person’s affiliates), is or becomes “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 50%
or more of the combined voting power of the then outstanding securities of the Company without the prior approval of at least two-thirds
of the members of the Board in office immediately prior to such person attaining such percentage interest; (ii) the Company is a party
to a merger, consolidation, sale of assets or other reorganization, or a proxy contest, as a consequence of which (A) members of the Board
in office immediately prior to such transaction or event constitute less than a majority of the Board thereafter or (B) the voting securities
of the Company outstanding immediately prior to such transaction do not continue to represent (either by remaining outstanding or by being
converted into voting securities of the surviving entity) more than 50% of the combined voting power of the voting securities of the surviving
entity outstanding immediately after such transaction with the power to elect at least a majority of the board of directors or other governing
body of such surviving entity; or (iii) during any period of two consecutive years, individuals who at the beginning of such period constituted
the Board (including for this purpose any new director whose election 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 at the beginning of such period or
whose election or nomination for election was previously so approved) cease for any reason to constitute at least a majority of the Board.

 

1.2 “Corporate
Status” means the status of a person who is or was a director, officer, employee, agent or fiduciary of the Company or of any other
corporation, partnership, joint venture, trust, employee benefit plan or other enterprise which such person is or was serving at the request
of the Company. In addition, service at the actual request of the Company, for purposes of this Agreement, Indemnitee shall be deemed
to be serving or to have served at the request of the Company as a director, officer, employee, agent or fiduciary of any other enterprise
if Indemnitee is or was serving as a director, officer, employee, agent or fiduciary of such enterprise and (A) such enterprise is or
at the time of such service was an affiliate of the Company, (B) such enterprise is or at the time of such service was an employee benefit
plan (or related trust) sponsored or maintained by the Company or an affiliate of the Company or (C) the Company or an affiliate of the
Company directly or indirectly caused Indemnitee to be nominated, elected, appointed, designated, employed, engaged or selected to serve
in such capacity

 

     

     

    

 

1.3 “Disinterested
Director” means a director of the Company who is not and was not a party to the Proceeding in respect of which indemnification is
sought by Indemnitee.

 

1.4 “Expenses”
means all reasonable attorneys’ fees, retainers, court costs (including trial and appeals), transcript costs, fees of experts, witness
fees, travel expenses, duplicating costs, printing and binding costs, telephone charges, postage, delivery service fees, federal, state,
local, or foreign taxes imposed as a result of the actual or deemed receipt of any payments under this Agreement, and all other disbursements
or expenses of the types customarily incurred in connection with prosecuting, defending, preparing to prosecute or defend, appealing,
preparing to appeal, investigating, or being or preparing to be a witness in a Proceeding.

 

1.5 “Independent
Counsel” means a law firm, or a member of a law firm, that is experienced in matters of corporation law and neither presently is,
nor in the past five years has been, retained to represent: (i) the Company or Indemnitee in any other matter material to either such
party, or (ii) any other party to the Proceeding giving rise to a claim for indemnification hereunder. Notwithstanding the foregoing,
the term “Independent Counsel” does 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. Except as provided in the first sentence of Section 9.3 hereof, Independent Counsel shall be selected by
(a) the Disinterested Directors or (b) a committee of the Board consisting of two or more Disinterested Directors or if (a) and (b) above
are not possible, then by a majority of the full Board.

 

1.6 “Proceeding”
means any action, suit, arbitration, alternate dispute resolution mechanism, investigation, administrative hearing or any other proceeding,
, whether conducted by or on behalf of the Company or any other party, whether civil, criminal, administrative or investigative, except
one initiated by an Indemnitee pursuant to Section 11 of this Agreement to enforce his rights under this Agreement.

 

2. Services by Indemnitee.

 

Indemnitee agrees to serve
as a director, officer or employee of the Company. Indemnitee may at any time and for any reason resign from such position (subject to
any other contractual obligation or any obligation imposed by operation of law).

 

3. Indemnification - General.

 

Except with respect to actions
finally adjudicated to be a result of actual fraud or intentional misconduct of the Indemnitee, the Company shall indemnify, and, subject
to Section 26 hereof, advance Expenses to, Indemnitee as provided in this Agreement to the fullest extent permitted by applicable law
in effect on the date hereof and to such greater extent as any amendment to or interpretation of applicable law may thereafter from time
to time permit. The rights of Indemnitee provided under the preceding sentence shall include, but shall not be limited to, the rights
set forth in the other Sections of this Agreement.

 

4. Proceedings Other Than Proceedings
by or in the Right of the Company.

 

Indemnitee shall be entitled
to the rights of indemnification provided in this Agreement if, by reason of his Corporate Status, he is, was or is threatened to be made,
a party to any threatened, pending or completed Proceeding, other than a Proceeding by or in the right of the Company. Pursuant to this
Agreement, subject to Section 26 hereof, Indemnitee shall be indemnified against Expenses, judgments, penalties, fines and amounts paid
in settlement actually and reasonably incurred by him or on his behalf in connection with any such Proceeding or any claim, issue or matter
therein, if he 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, with respect to any criminal Proceeding, had no reasonable cause to believe his conduct was unlawful.

 

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5. Proceedings by or in the Right of the
Company.

 

Indemnitee shall be entitled
to the rights of indemnification provided in this Agreement if, by reason of his Corporate Status, he was or is threatened to be made,
a party to any threatened, pending or completed Proceeding brought by or in the right of the Company to procure a judgment in its favor.
Pursuant to this Agreement, subject to Section 26 hereof, Indemnitee shall be indemnified against amounts paid in settlement and Expenses
actually and reasonably incurred by him or on his behalf in connection with the defense or settlement of any such Proceeding if he acted
in good faith and in a manner he reasonably believed to be in or not opposed to the best interests of the Company. Notwithstanding the
foregoing, no indemnification under this paragraph shall be made in respect of (1) a threatened or pending Proceeding which is settled
or otherwise disposed of, or (2) any claim, issue or matter as to which such person shall have been adjudged to be liable to the Company,
unless and only to the extent that the court in which such Proceeding shall have been brought, was brought or is pending, shall determine,
upon application, that Indemnitee is fairly and reasonably entitled to indemnity for such portion of the settlement amount and Expenses
as the court deems proper.

 

6. Indemnification for Expenses of Party
Who is Wholly or Partly Successful.

 

Notwithstanding any other
provision of this Agreement except for Section 26 hereof, to the extent that Indemnitee is, by reason of his Corporate Status, a party
to and is successful, on the merits or otherwise, in any Proceeding, he shall be indemnified against all Expenses (and, when eligible
hereunder, amounts paid in settlement) actually and reasonably incurred by him or on his behalf 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 indemnify Indemnitee against all Expenses (and, when eligible hereunder, amount
paid in settlement) actually and reasonably incurred by him or on his behalf in connection with each successfully resolved claim, issue
or matter. For purposes of this Agreement, the term “successful, on the merits or otherwise,” includes, but is not limited
to, (i) any termination, withdrawal, or dismissal (with or without prejudice) of any Proceeding against the Indemnitee without any express
finding of liability or guilt against him, and (ii) the expiration of 90 days after the making of any claim or threat of a Proceeding
without the institution of the same and without any promise or payment made to induce a settlement.

 

7. Indemnification for Expenses as a Witness.

 

Notwithstanding any other
provision of this Agreement except for Section 26 hereof, to the extent that Indemnitee is, by reason of his Corporate Status, a witness
in any Proceeding, he shall be indemnified against all Expenses actually and reasonably incurred by him or on his behalf in connection
therewith.

 

8. Advancement of Expenses and Other Amounts.

 

Subject to Section 26 hereof,
the Company shall advance all Expenses, judgments, penalties, fines and, when eligible hereunder, amounts paid in settlement, incurred
by or on behalf of Indemnitee in connection with any Proceeding within thirty (30) days after the receipt by the Company of a statement
or statements from Indemnitee requesting such advance or advances from time to time, whether prior to or after final disposition of such
Proceeding. Such statement or statements shall reasonably evidence the Expenses, judgments, penalties, fines and amounts paid in settlement,
incurred by Indemnitee and shall include or be preceded or accompanied by an agreement by or on behalf of Indemnitee to repay any Expenses,
judgments, penalties, fines and amounts paid in settlement advanced if it shall ultimately be determined that Indemnitee is not entitled
to be indemnified against such Expenses, judgments, penalties, fines and, when eligible hereunder, amounts paid in settlement. In connection
with any request for advancement of Expenses, judgments, penalties, fines and amounts paid in settlement, Indemnitee shall not be required
to provide any documentation or information to the extent that the provision thereof would undermine or otherwise jeopardize attorney-client
privilege. The Company’s obligation in respect of the advancement of Expenses, judgments, penalties, fines and amounts paid in settlement
in connection with a criminal Proceeding in which Indemnitee is a defendant shall terminate at such time as Indemnitee pleads guilty or
is convicted after trial and such conviction becomes final and no longer subject to appeal. Advances shall be unsecured and interest free.
Advances shall be made without regard to Indemnitee’s ability to repay such amounts and without regard to Indemnitee’s ultimate
entitlement to indemnification under the other provisions of this Agreement.

 

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9. Procedure for Determination of Entitlement
to Indemnification.

 

9.1 To obtain indemnification
under this Agreement in connection with any Proceeding, and for the duration thereof, Indemnitee shall submit to the Company a written
request, including therein or therewith such documentation and information as is reasonably available to Indemnitee and is reasonably
necessary to determine whether and to what extent Indemnitee is entitled to indemnification. The Secretary of the Company shall, promptly
upon receipt of any such request for indemnification, advise the Board in writing that Indemnitee has requested indemnification.

 

9.2 Upon written request
by Indemnitee for indemnification pursuant to Section 9.1 hereof, a determination, if required by applicable law, with respect to Indemnitee’s
entitlement thereto shall be made in such case: (i) if a Change in Control shall have occurred, by Independent Counsel (unless Indemnitee
shall request that such determination be made by the Board or the shareholders, in which case in the manner provided for in clauses (ii)
or (iii) of this Section 9.2) in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; (ii) if a Change of
Control shall not have occurred, at the election of the Company, (A) by the Board by a majority vote of a quorum consisting of Disinterested
Directors, or (B) if a quorum of the Board consisting of Disinterested Directors is not obtainable, by a majority of a committee of the
Board consisting of two or more Disinterested Directors, or (C) by Independent Counsel in a written opinion to the Board, a copy of which
shall be delivered to Indemnitee, or (D) by the shareholders of the Company, by a majority vote of a quorum consisting of shareholders
who are not parties to the proceeding, or if no such quorum is obtainable, by a majority vote of shareholders who are not parties to such
proceeding; or (iii) as provided in Section 10.2 of this Agreement. 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 cooperate with the person, persons
or entity making such determination with respect to Indemnitee’s entitlement to indemnification, including providing to such person,
persons or entity upon reasonable advance request any documentation or information which is not privileged or otherwise protected from
disclosure and which is reasonably available to Indemnitee and reasonably necessary to such determination. Any costs or expenses (including
attorneys’ fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination
shall be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company
hereby indemnifies and agrees to hold Indemnitee harmless therefrom.

 

9.3 If a Change of Control
shall have occurred, Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall request that such selection be made
by the Board), and Indemnitee (or the Board, as the case may be) shall give written notice to the other party advising it of the identity
of Independent Counsel so selected. In either event, Indemnitee or the Company, as the case may be, may, within seven days after such
written notice of selection shall have been given, deliver to the Company or to Indemnitee, as the case may be, a written objection to
such selection. Such objection may be asserted only on the ground that Independent Counsel so selected does not meet the requirements
of “Independent Counsel” as defined in Section 1 of this Agreement, and the objection shall set forth with particularity the
factual basis of such assertion. If such written objection is made, Independent Counsel so selected may not serve as Independent Counsel
unless and until a court has determined that such objection is without merit. If, within 20 days after submission by Indemnitee of a written
request for indemnification pursuant to Section 9.1 hereof, no Independent Counsel shall have been selected and not objected to, either
the Company or Indemnitee may petition a court of competent jurisdiction, 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 such court or by such other person as such court shall designate, and the person with respect to whom an objection
is so resolved or the person so appointed shall act as Independent Counsel under Section 9.2 hereof. The Company shall pay any and all
reasonable fees and expenses of Independent Counsel incurred by such Independent Counsel in connection with its actions pursuant to this
Agreement, and the Company shall pay all reasonable fees and expenses incident to the procedures of this Section 9.3, regardless of the
manner in which such Independent Counsel was selected or appointed. Upon the due commencement date of any judicial proceeding pursuant
to Section 11.1(iii) 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).

 

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10. Presumptions and Effects of Certain
Proceedings.

 

10.1 In making a determination
with respect to entitlement to indemnification hereunder, the person or 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 9.1 of this Agreement, and the Company shall have the burden of proof to overcome that presumption by clear and convincing
evidence in connection with the making by any person, persons or entity of any determination contrary to that presumption.

 

10.2 If the person, persons
or entity empowered or selected under Section 9 of this Agreement to determine whether Indemnitee is entitled to indemnification shall
not have made a determination within sixty (60) days after receipt by the Company of the request therefor, the requisite determination
of entitlement to indemnification shall be deemed to have been made and Indemnitee shall 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) prohibition of such indemnification under applicable
law; provided, however, that such 60-day period may be extended for a reasonable time, not to exceed an additional thirty (30) days, if
the person, persons or entity making the determination with respect to entitlement to indemnification in good faith require(s) such additional
time for the obtaining or evaluating of documentation and/or information relating thereto; and provided, further, however, that the foregoing
provisions of this Section 10.2 shall not apply (i) if the determination of entitlement to indemnification is to be made by the shareholders
pursuant to Section 9.2 of this Agreement and if (A) within 15 days after receipt by the Company of the request for such determination
the Board has resolved to submit such determination to the shareholders for their consideration at an annual meeting thereof to be held
within 75 days after such receipt and such determination is made thereat, or (B) a special meeting of shareholders is called within 15
days after such receipt for the purpose of making such determination, such meeting is held for such purpose within 60 days after having
been so called and such determination is made thereat, or (ii) if the determination of entitlement to indemnification is to be made by
Independent Counsel pursuant to Section 9.2 of this Agreement. In connection with each meeting at which a shareholder determination will
be made, the Company shall solicit proxies that expressly include a proposal to indemnify or reimburse the Indemnitee. The Company shall
afford the Indemnitee ample opportunity to present evidence of the facts upon which the Indemnitee relies for indemnification in any Company
proxy statement relating to such shareholder determination. Subject to the fiduciary duties of its members under applicable law, the Board
will not recommend against indemnification or reimbursement in any proxy statement relating to the proposal to indemnify or reimburse
the Indemnitee.

 

10.3 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.

 

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10.4 Reliance as Safe
Harbor.

 

For purposes of this Agreement,
the Indemnitee shall be deemed to have acted in good faith and in a manner he reasonably believed to be in or not opposed to the best
interests of the Company, or, with respect to any criminal Proceeding, to have had no reasonable cause to believe his conduct was unlawful,
if his action is based on (i) the records or books of account of the Company, or another enterprise, including financial statements, (ii)
information supplied to him by the officers of the Company or another enterprise in the course of their duties, (iii) the advice of legal
counsel for the Company or another enterprise, or of an independent certified public accountant or an appraiser or other expert selected
with reasonable care by the Company or another enterprise. The term “another enterprise” as used in this Section shall mean
any other corporation or any partnership, joint venture, trust, employee benefit plan or other enterprise of which the Indemnitee is or
was serving at the request of the Company as a director, officer, partner, trustee, employee or agent. The provisions of this Section
shall not be deemed to be exclusive or to limit in any way the other circumstances in which the Indemnitee may be deemed to have met the
applicable standard of conduct set forth herein. Whether or not the foregoing provisions of this Section 10.4 are satisfied, it shall
in any event be presumed that Indemnitee has at all times acted in good faith and in a manner he reasonably believed to be in or not opposed
to the best interests of the Company, or, with respect to any criminal Proceeding, to have had no reasonable cause to believe Indemnitee’s
conduct was unlawful. Anyone seeking to overcome this presumption shall have the burden of proof and the burden of persuasion by clear
and convincing evidence.

 

11. Remedies of Indemnitee.

 

11.1 In the event that
(i) a determination is made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification under this Agreement,
(ii) advancement of Expenses is not timely made pursuant to Section 8 of this Agreement, (iii) the determination of indemnification is
to be made by Independent Counsel pursuant to Section 9.2 of this Agreement and such determination shall not have been made and delivered
in a written opinion within sixty (60) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification
is not made pursuant to Section 7 of this Agreement within thirty (30) days after receipt by the Company of a written request therefor,
or (v) payment of indemnification is not made within thirty (30) days after a determination has been made that Indemnitee is entitled
to indemnification or such determination is deemed to have been made pursuant to Section 9 or 10 of this Agreement, Indemnitee shall be
entitled to an adjudication in an appropriate court of the State of New York, or in any other court of competent jurisdiction, of his
entitlement to such indemnification or advancement of Expenses, judgments, penalties, fines or, when eligible hereunder, amounts paid
in settlement. The Company shall not oppose Indemnitee’s right to seek any such adjudication.

 

11.2 In the event that
a determination shall have been made pursuant to Section 9 of this Agreement that Indemnitee is not entitled to indemnification, any judicial
proceeding commenced pursuant to this Section shall be conducted in all respects as a de novo trial on the merits and Indemnitee shall
not be prejudiced by reason of that adverse determination.

 

11.3 If a determination
shall have been made or deemed to have been made pursuant to Section 9 or 10 of this Agreement that Indemnitee is entitled to indemnification,
the Company shall be bound by such determination in any judicial proceeding commenced pursuant to this Section, 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) prohibition of such indemnification under applicable law.

 

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

 

11.5 In the event that
Indemnitee, pursuant to this Section, seeks a judicial adjudication of his rights under, or to recover damages for breach of, this Agreement
or any other agreement, including any other indemnification, contribution or advancement agreement, or any provision of the memorandum
and articles of association of the Company now or hereafter in effect, or for recovery under directors’ and officers’ liability
insurance policies maintained by the Company, Indemnitee shall be entitled to recover from the Company, and shall be indemnified by the
Company against, any and all expenses (of the kinds described in the definition of Expenses) actually and reasonably incurred by him in
such judicial adjudication, but only if he prevails therein. If it shall be determined in such judicial adjudication that Indemnitee is
entitled to receive less than all of the indemnification or advancement of expenses sought, the expenses incurred by Indemnitee in connection
with such judicial adjudication shall be appropriately prorated. In addition, the Company shall, if so requested by Indemnitee, advance
the foregoing expenses to Indemnitee, subject to and in accordance with Section 8.

 

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12. Procedure Regarding Indemnification.

 

With respect to any Proceedings,
the Indemnitee, prior to taking any action with respect to such Proceeding, shall consult with the Company as to the procedure to be followed
in defending, settling, or compromising the Proceeding and may not consent to any settlement or compromise of the Proceeding without the
written consent of the Company (which consent may not be unreasonably withheld or delayed). The Company shall be entitled to participate
in defending, settling or compromising any Proceeding and to assume the defense of such Proceeding with counsel of its choice and shall
assume such defense if requested by the Indemnitee. Notwithstanding the election by, or obligation of, the Company to assume the defense
of a Proceeding, the Indemnitee shall have the right to participate in the defense of such Proceeding and to employ counsel of Indemnitee’s
choice, but the fees and expenses of such counsel shall be at the expense of the Indemnitee unless (i) the employment of such counsel
has been authorized in writing by the Company, or (ii) the Indemnitee has reasonably concluded that there may be defenses available to
him which are different from or additional to those available to the Company (in which latter case the Company shall not have the right
to direct the defense of such Proceeding on behalf of the Indemnitee), in either of which events the fees and expenses of not more than
one additional firm of attorneys selected by the Indemnitee shall be borne by the Company. If the Company assumes the defense of a Proceeding,
then counsel for the Company and Indemnitee shall keep Indemnitee reasonably informed of the status of the Proceeding and promptly send
to Indemnitee copies of all documents filed or produced in the Proceeding, and the Company shall not compromise or settle any such Proceeding
without the written consent of the Indemnitee (which consent may not be unreasonably withheld or delayed) if the relief provided shall
be other than monetary damages and shall promptly notify the Indemnitee of any settlement and the amount thereof.

 

13. Non-Exclusivity; Survival of Rights;
Insurance; Subrogation; Contribution.

 

13.1 The rights of indemnification
and to receive advancement of Expenses 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 memorandum and articles of association of the Company, any agreement, a vote of
shareholders or a resolution of directors, or otherwise. No amendment, alteration or repeal of this Agreement or any provision hereof
shall be effective as to any Indemnitee with respect to any action taken or omitted by such Indemnitee in his Corporate Status prior to
such amendment, alteration or repeal.

 

13.2 To the extent that
the Company maintains an insurance policy or policies providing liability insurance for directors, officers, employees, agents or fiduciaries
of the Company or of any other corporation, partnership, joint venture, trust, employee benefit plan or 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, employee, agent or fiduciary under such policy or policies.

 

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

 

13.4 The Company shall
not be liable under this Agreement to make any payment of amounts otherwise indemnifiable hereunder if and to the extent that Indemnitee
has otherwise actually received such payment under any insurance policy, contract, agreement or otherwise.

 

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13.5 If a determination
is made that Indemnitee is not entitled to indemnification, after Indemnitee submits a written request therefor, under this Agreement,
then in respect of any threatened, pending or completed Proceeding in which the Company is jointly liability with the Indemnitee (or would
be if joined in such Proceeding), the Company shall contribute to the amount of Expenses, judgments, fines and amounts paid in settlement
by the Indemnitee in such proportion as is appropriate to reflect (i) the relative benefits received by the Company on the one hand and
the Indemnitee on the other hand from the transaction from which Proceeding arose, and (ii) the relative fault of the Company on the one
hand and of the Indemnitee on the other hand in connection with the events that resulted in such Expenses, judgments, fines or amounts
paid in settlement, as well as any other relevant equitable considerations. The relative fault of the Company on the one hand and of the
Indemnitee on the other hand shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access
to information and opportunity to correct or prevent the circumstances resulting in such Expenses, judgments, fines or amounts paid in
settlement. The Company agrees that it would not be just and equitable if contribution pursuant to this Section were determined by pro
rata allocation or any other method of allocation that does not take into account the foregoing equitable considerations. The determination
as to the amount of the contribution, if any, shall be made by: (i) a court of competent jurisdiction upon the application of both the
Indemnitee and the Company (if the Proceeding had been brought in, and final determination had been rendered by such court); (ii) the
Board by a majority vote of a quorum consisting of Disinterested Directors; or (iii) Independent Counsel, if a quorum is not obtainable
for purpose of (ii) above, or, even if obtainable, a quorum of Disinterested Directors so directs.

 

14. Duration of Agreement.

 

This Agreement shall continue
until and terminate upon the later of: (a) ten (10) years after the date that Indemnitee shall have ceased to serve as a director and/or
officer of the Company, or (b) the final termination of all pending Proceedings in respect of which Indemnitee is granted rights of indemnification
or advancement of Expenses, judgments, penalties, fines or amounts paid in settlement hereunder and or any proceeding commenced by Indemnitee
pursuant to Section 11 of this Agreement. This Agreement shall be binding upon the Company and its successors and assigns and shall inure
to the benefit of Indemnitee and his spouse, heirs, executors, personal representatives and administrators. 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.

 

15. 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 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 (b) to the fullest extent possible, the provisions of this Agreement (including, without limitation,
each portion of any Section 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 by the provision held invalid,
illegal or unenforceable.

 

16. Entire Agreement.

 

This Agreement constitutes
the entire agreement between the Company and the Indemnitee with respect to the subject matter hereof and supersedes all prior agreements,
understanding, negotiations and discussion, both written and oral, between the parties hereto with respect to such subject matter (the
“Prior Agreements”); provided, however, that if this Agreement shall ever be held void or unenforceable for any reasons whatsoever,
and is not reformed pursuant to Section 15 hereof, then (i) this Agreement shall not be deemed to have superseded any Prior Agreements;
(ii) all of such Prior Agreements shall be deemed to be in full force and effect notwithstanding the execution of this Agreement; and
(iii) the Indemnitee shall be entitled to maximum indemnification benefits provided under any Prior Agreements, as well as those provided
under applicable law, the memorandum and articles of association of the Company, a vote of shareholders or resolution of directors.

 

    8

     

    

 

17. Exception to Right of Indemnification
or Advancement of Expenses.

 

17.1 Except as provided in
Section 11.5, Indemnitee shall not be entitled to indemnification or advancement of Expenses, judgments, penalties, fines and amounts
paid in settlement under this Agreement with respect to any Proceeding, or any claim therein, brought or made by him against the Company.

 

17.2 Indemnitee shall not
be entitled to indemnification or advancement of Expenses under this Agreement with respect to any Proceeding, or any claim therein, arising
from the purchase and sale by Indemnitee of securities in violation of Section 16(b) of the Exchange Act or Company similar successor
statute.

 

18. Covenant Not to Sue; Limitation of
Actions; Release of Claims.

 

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

 

19. 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.

 

20. Headings.

 

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.

 

21. Modification and Waiver.

 

No supplement, modification
or amendment of this Agreement shall be binding unless executed in writing by both of the parties hereto. No waiver of any of the provisions
of this Agreement shall be deemed or shall constitute a waiver of any other provisions hereof (whether or not similar) nor shall such
waiver constitute a continuing waiver.

 

22. Notice by Indemnitee.

 

Indemnitee agrees promptly
to notify the Company in writing upon being served with any summons, citation, subpoena, complaint, indictment, information or other document
relating any Proceeding or matter which may be subject to indemnification or advancement of Expenses, judgments, penalties, fines or amounts
paid in settlement covered hereunder. The failure to notify the Company on a timely basis shall not constitute a waiver of Indemnitee’s
rights under this Agreement, except to the extent that such failure or delay (i) causes the amounts paid or to be paid by the Company
to be greater than they otherwise would have been, (ii) adversely affects the Company’s ability to obtain for itself or Indemnitee
coverage or proceeds under any insurance policy available to the Company or Indemnitee, or (iii) otherwise results in prejudice to the
Company.

 

    9

     

    

 

23. Notices.

 

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

 

If to Indemnitee, to: Address
to be provided by Indemnitee

 

If to the Company, to:

 

Gesher I Acquisition Corp.

Hagag Towers

North Tower, Floor 24

Haarba 28

Tel Aviv, Israel

 

or to such other address or such other person
as Indemnitee or the Company shall designate in writing in accordance with this Section, except that notices regarding changes in notices
shall be effective only upon receipt.

 

24. Governing Law.

 

The parties agree that this
Agreement shall be governed by, and construed and enforced in accordance with, the laws of the State of New York applicable to contracts
made and performed in that state without giving effect to the principles of conflicts of laws. The Company and Indemnitee each hereby
irrevocably consents to the jurisdiction of the courts of the State of New York and the federal courts within the State for all purposes
in connection with any action or proceeding that arises out of or relates to this Agreement and agrees that any action instituted under
this Agreement shall be brought only in the United States District Court for the Southern District of New York and any New York State
court within that District.

 

25. Mutual Acknowledgment.

 

Both the Company and Indemnitee
acknowledge that, in certain instances, Federal law or applicable public policy may prohibit the Company from indemnifying its directors
and officers under this Agreement or otherwise. Indemnitee understands and acknowledges that the Company has undertaken or may be required
in the future in certain circumstances to undertake with the Securities and Exchange Commission to submit the question of indemnification
to a court for a determination of the Company’s right under public policy to indemnify Indemnitee.

 

26. Waiver of Claims to Trust Account.

 

Notwithstanding anything herein
to the contrary, 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.

 

27. Miscellaneous.

 

Use of the masculine pronoun shall be deemed to
include usage of the feminine pronoun where appropriate.

 

[Signature Page Follows]

 

    10

     

    

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement on the day and year first above written.

 

	 	GESHER I ACQUISITION CORP. 
	 	 
	 	By:	                
	 	 	Name:  	             
	 	 	Title:	 
	 	 
	 	INDEMNITEE
	 	 
	 	 

 

[Signature Page to Indemnification Agreement]

 

 

11Exhibit 10.9

 

FORWARD PURCHASE AGREEMENT

 

This Forward Purchase Agreement
(this “Agreement”) is entered into as of ________, 2021 between Gesher I Acquisition Corp., a Cayman Islands exempted
company (the “Company”), and _______________, a ___________ (the “Purchaser”).

 

RECITALS

 

WHEREAS, the Company was formed
for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or other similar
business combination with one or more businesses or entities (a “Business Combination”);

 

WHEREAS, the Company has confidentially
submitted to the U.S. Securities and Exchange Commission (the “SEC”) a draft registration statement on Form S-1 (the
“Registration Statement”) for its initial public offering (“IPO”) of 10,000,000 units (or 11,500,000
units if the IPO over-allotment option is exercised in full) (the “Public Units”), at a price of $10.00 per Public
Unit, each Public Unit expected to be comprised of one ordinary share of the Company, par value $0.0001 per share (“Ordinary
Shares”, and the Ordinary Shares included in the Public Units, the “Public Shares”), and one-half of one
warrant, where each whole warrant is exercisable to purchase one Ordinary Share at an exercise price of $11.50 per share, subject to adjustment
(the “Warrants”);

 

WHEREAS, following the closing
of the IPO (the “IPO Closing”), the Company will seek to identify and consummate a Business Combination;

 

WHEREAS, in connection with
the IPO, the Company will undertake a private placement, that will close simultaneously with the IPO Closing, of Warrants (the “Private
Placement Warrants”);

 

WHEREAS, proceeds from the
IPO and the sale of the Private Placement Warrants in an aggregate amount equal to the gross proceeds from the IPO will be deposited into
a trust account for the benefit of the holders of the Public Shares (the “Trust Account”), as described in the Registration
Statement;

 

WHEREAS, concurrently with
the execution of this Agreement, the Purchaser is entering into a Subscription Agreement with Gesher I Sponsor LLC (the “Subscription
Agreement”) as consideration for this Agreement; and

 

WHEREAS, the parties wish
to enter into this Agreement, pursuant to which the Purchaser shall subscribe for an aggregate of up to 1,500,000 units of the Company
(the “Forward Purchase Units”), which Forward Purchase Units will be identical to the Public Units, for $10.00 per
unit (the “Forward Purchase Price”), or up to an aggregate of $15,000,000, immediately prior to, or simultaneously
with, the closing of the Company’s initial Business Combination (the “Business Combination Closing”), with each
Forward Purchase Unit being identical to the Public Units.

 

     

     

    

 

NOW, THEREFORE, in consideration
of the premises, representations, warranties and the mutual covenants contained in this Agreement, and for other good and valuable consideration,
the receipt, sufficiency and adequacy of which are hereby acknowledged, the parties hereto agree as follows:

 

AGREEMENT

 

1. Sale
and Purchase.

 

(a) Forward
Purchase Units.

 

(i) The
Company shall issue and sell to the Purchaser, and the Purchaser shall purchase from the Company the Forward Purchase Units, in accordance
with clause 1(a)(ii), for $10.00 per Forward Purchase Unit. The exact number of Forward Purchase Units to be purchased by the Purchaser
will be determined by the Company, in its sole discretion, based on the capital needs of the Company in connection with the Business Combination;
provided that such number of Forward Purchase Units shall not exceed 1,500,000 Forward Purchase Units, and the total purchase price shall
not exceed an aggregate of $15,000,000.

 

(ii) The
Forward Purchase Units shall be issued and sold by the Company and purchased by the Purchaser as follows:

 

(A) At
least seven (7) days prior to any vote of the Company’s board of directors to approve a definitive agreement (a “Definitive
Agreement”) for a Business Combination with a specific target business (a “Target”), written notice (the
“Transaction Notification”) shall be delivered by the Company to the Purchaser (such date of delivery, the “Notice
Date”) of the Company’s intention to hold such a board vote. Such Transaction Notification shall set forth the material
terms and such other information as may be reasonably necessary for the Purchaser to evaluate the terms of such Business Combination,
including the number of Forward Purchase Units the Purchaser is being asked to purchase.

 

(B) The
Purchaser shall have until five (5) days after the Notice Date (such date five (5) days after the Notice Date, the “Notification
Deadline”) to deliver written notice to the Company, which written notice shall state either (i) it desires to purchase hereunder
the Forward Purchase Units set forth in the Transaction Notification (a “Purchase Notice”) or (ii) that it has decided
not to purchase the Forward Purchase Units for any reason (an “Excusal Notice”).

 

(C) If
the Purchaser fails to deliver either a Purchase Notice or an Excusal Notice by the Notification Deadline, the Purchaser shall be excused
from its obligation to purchase the Forward Purchase Units in connection with a specific Business Combination. After the Notification
Deadline, the Company will no longer have any obligation to accept a Purchase Notice from the Purchaser or sell the Forward Purchase Units
to the Purchaser with respect to a Business Combination with such Target. Each Purchase Notice shall constitute an irrevocable undertaking
and agreement by the Purchaser to purchase the Forward Purchase Units at the Forward Closing (as defined below).

 

    2

     

    

 

(iii) If
the Purchaser delivers a Purchase Notice as set forth in Section 1(a)(ii), the Company shall require the Purchaser to purchase the Forward
Purchase Units by delivering notice to the Purchaser (the “Closing Notice”), at least two (2) Business Days before
and conditional on the Business Combination Closing, specifying the date of the Business Combination Closing, the aggregate Forward Purchase
Price and instructions for wiring the Forward Purchase Price. The closing of the sale of Forward Purchase Units (the “Forward
Closing”) shall be on the same date and immediately prior to, or simultaneously with, the Business Combination Closing (such
date and time being referred to as the “Forward Closing Date”). At the Forward Closing, the Company will issue to the
Purchaser the Forward Purchase Units, each registered in the name of the Purchaser, and identical to the Public Units, against delivery
of the Forward Purchase Price in cash via wire transfer of U.S. dollars in immediately available funds to the account specified by the
Company in the Closing Notice.

 

(iv) The
Purchaser acknowledges and understands that in order to receive information possessed by the Company related to such Targets, the Purchaser
will be required to enter into or be joined to confidentiality and nondisclosure agreements on customary and reasonable terms with such
Targets restricting the use and disclosure of such information, and that, under certain circumstances, the Purchaser may come into possession
of material, nonpublic information regarding a publicly traded company, including the Company.

 

(v) The
Company shall, within one (1) Business Day following the entry into a Definitive Agreement, issue one or more press releases or file with
the SEC a Current Report on Form 8-K disclosing all material terms of the transactions contemplated by such Definitive Agreement, the
Business Combination and any other material, non-public information that the Company has provided to the Purchaser at any time prior to
such filing. The Company shall not publicly disclose the name of the Purchaser without the prior written consent of the Purchaser, except
to the extent (A) as required by the federal securities laws, rules or regulations and (B) to the extent such disclosure is required by
other laws, rules or regulations, at the request of the staff of the SEC or any regulatory agency or under the rules and regulations of
Nasdaq (or another national securities exchange), in which case the Company shall provide the Purchaser with prior written notice of such
required disclosure. The Purchaser will promptly provide any information reasonably requested by the Company for any regulatory application
or filing made or approval sought in connection with the transactions contemplated hereby (including filings with the SEC).

 

(vi) For
purposes of this Agreement, “Business Day” means any day, other than a Saturday or a Sunday, that is neither a legal
holiday nor a day on which banking institutions are generally authorized or required by law or regulation to close in the City of New
York, New York.

 

    3

     

    

 

(vii) Each
book entry for the Forward Purchase Units shall contain a notation, and each certificate (if any) evidencing the Forward Purchase Units
shall be stamped or otherwise imprinted with a legend, in substantially the following form:

 

“THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE OR OTHER
JURISDICTION, AND MAY NOT BE TRANSFERRED IN VIOLATION OF SUCH ACT AND LAWS. THE SALE, PLEDGE, HYPOTHECATION, OR TRANSFER OF THE SECURITIES
REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS OF A CERTAIN FORWARD PURCHASE AGREEMENT BY AND AMONG THE HOLDER AND THE COMPANY.
COPIES OF SUCH AGREEMENT MAY BE OBTAINED UPON WRITTEN REQUEST TO THE CHIEF FINANCIAL OFFICER OF THE COMPANY.”

 

2. Representations
and Warranties of the Purchaser. The Purchaser represents and warrants to the Company as follows, as of the date hereof:

 

(a) Organization
and Power. The Purchaser is duly organized, validly existing, and in good standing under the laws of the jurisdiction of its formation
and has all requisite power and authority to carry on its business as presently conducted and as proposed to be conducted.

 

(b) Authorization.
The Purchaser has full power and authority to enter into this Agreement. This Agreement, when executed and delivered by the Purchaser,
will constitute the valid and legally binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms,
except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance and any other laws of general
application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific
performance, injunctive relief or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration
Rights (as defined below) may be limited by applicable federal or state securities laws.

 

(c) Governmental
Consents and Filings. No consent, approval, order or authorization of, or registration, qualification, designation, declaration or
filing with, any federal, state or local governmental authority is required on the part of the Purchaser in connection with the consummation
of the transactions contemplated by this Agreement.

 

(d) Compliance
with Other Instruments. The execution, delivery and performance by the Purchaser of this Agreement and the consummation by the Purchaser
of the transactions contemplated by this Agreement will not result in any violation or default (i) of any provisions of its organizational
documents, (ii) of any instrument, judgment, order, writ or decree to which it is a party or by which it is bound, (iii) under any note,
indenture or mortgage to which it is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which
it is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the Purchaser,
in each case (other than clause (i)), which would have a material adverse effect on the Purchaser or its ability to consummate the transactions
contemplated by this Agreement.

 

    4

     

    

 

(e) Purchase
Entirely for Own Account. The Purchaser hereby confirms, that the Forward Purchase Units to be acquired by the Purchaser will be acquired
for investment for the Purchaser’s own account, not as a nominee or agent, and not with a view to the resale or distribution of
any part thereof in violation of any state or federal securities laws, and that the Purchaser has no present intention of selling, granting
any participation in, or otherwise distributing the same in violation of law. The Purchaser further represents that the Purchaser does
not presently have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participations to such
Person or to any third Person, with respect to any of the Forward Purchase Units. For purposes of this Agreement, “Person”
means an individual, a limited liability company, a partnership, a joint venture, a corporation, a trust, an unincorporated organization,
any other entity or any government or any department or agency thereof.

 

(f) Disclosure
of Information. The Purchaser has had an opportunity to discuss the Company’s business, management, financial affairs and the
terms and conditions of the offering of the Forward Purchase Units, as well as the terms of the Company’s proposed IPO, with the
Company’s management.

 

(g) Restricted
Securities. The Purchaser understands that the offer and sale of the Forward Purchase Units to the Purchaser has not been and will
not be registered under the Securities Act of 1933, as amended (the “Securities Act”), by reason of a specific exemption
from the registration provisions of the Securities Act which depends upon, among other things, the bona fide nature of the investment
intent and the accuracy of the Purchaser’s representations as expressed herein. The Purchaser understands that the Forward Purchase
Units are “restricted securities” under applicable U.S. federal and state securities laws and that, pursuant to these laws,
the Purchaser must hold the Forward Purchase Units indefinitely unless they are registered with the SEC and qualified by state authorities,
or an exemption from such registration and qualification requirements is available. The Purchaser acknowledges that the Company has no
obligation to register or qualify the Forward Purchase Units, or any Ordinary Shares underlying such securities, for resale, except as
provided herein (the “Registration Rights”). The Purchaser further acknowledges that if an exemption from registration
or qualification is available, it may be conditioned on various requirements including, but not limited to, the time and manner of sale,
the holding period for the Forward Purchase Units, and on requirements relating to the Company which are outside of the Purchaser’s
control, and which the Company is under no obligation and may not be able to satisfy. The Purchaser acknowledges that the Company has
confidentially submitted the Registration Statement for its proposed IPO. The Purchaser understands that the offering of Forward Purchase
Units and transactions contemplated hereunder are not and are not intended to be part of the IPO, and that the Purchaser will not be able
to rely on the protection of Section 11 of the Securities Act.

 

(h) No
Public Market. The Purchaser understands that no public market now exists for the Forward Purchase Units, and that the Company has
made no assurances that a public market will ever exist for the Forward Purchase Units.

 

(i) High
Degree of Risk. The Purchaser understands that its agreement to purchase the Forward Purchase Units involves a high degree of risk
which could cause the Purchaser to lose all or part of its investment.

 

(j) Accredited
Investor. The Purchaser is an accredited investor as defined in Rule 501(a) of Regulation D promulgated under the Securities Act.

 

    5

     

    

 

(k) Foreign
Investors. If the Purchaser is not a United States person (as defined by Section 7701(a)(30) of the U.S. Internal Revenue Code of
1986, as amended, and the regulations promulgated thereunder), the Purchaser hereby represents that it has satisfied itself as to the
full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Forward Purchase Units or any use
of this Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Forward Purchase Units, (ii) any
foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and
(iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of
the Forward Purchase Units. The Purchaser’s subscription and payment for and continued beneficial ownership of the Forward Purchase
Units will not violate any applicable securities or other laws of the Purchaser’s jurisdiction.

 

(l) No
General Solicitation. To the Purchaser’s knowledge, neither the Purchaser, nor any of its officers, directors, employees, agents,
stockholders or partners has either directly or indirectly, including, through a broker or finder (i) engaged in any general solicitation,
or (ii) published any advertisement in connection with the offer and sale of the Forward Purchase Units.

 

(m) Residence.
The Purchaser’s principal place of business is the office or offices located at the address of the Purchaser set forth on the signature
page hereof.

 

(n) Non-Public
Information. The Purchaser acknowledges its obligations under applicable securities laws with respect to the treatment of non-public
information relating to the Company.

 

(o) Adequacy
of Financing. The Purchaser has available to it sufficient funds to satisfy its obligations under this Agreement.

 

(p) Affiliation
of Certain FINRA Members. The Purchaser is neither a person associated nor affiliated with EarlyBirdCapital, Inc. or, to its actual
knowledge, any other member of the Financial Industry Regulatory Authority (“FINRA”) that is participating in the IPO.

 

(q) No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section
2 and in any certificate or agreement delivered pursuant hereto, none of the Purchaser nor any person acting on behalf of the Purchaser
nor any of the Purchaser’s affiliates (the “Purchaser Parties”) has made, makes or shall be deemed to make any
other express or implied representation or warranty with respect to the Purchaser and this offering, and the Purchaser Parties disclaim
any such representation or warranty. Except for the specific representations and warranties expressly made by the Company in Section 3
of this Agreement and in any certificate or agreement delivered pursuant hereto, the Purchaser Parties specifically disclaim that they
are relying upon any other representations or warranties that may have been made by the Company, any person on behalf of the Company or
any of the Company’s affiliates (collectively, the “Company Parties”).

 

3. Representations
and Warranties of the Company. The Company represents and warrants to the Purchaser as follows:

 

(a) Organization
and Corporate Power. The Company is an exempted company duly formed and validly existing and in good standing under the laws of the
Cayman Islands and has all requisite corporate power and authority to carry on its business as presently conducted and as proposed to
be conducted. As of the date hereof, the Company has no subsidiaries.

 

    6

     

    

 

(b) Capitalization.
On the date hereof, the authorized share capital of the Company consists of:

 

(i) 100,000,000
Ordinary Shares, 3,075,000 of which are issued and outstanding; and

 

(ii) 1,000,000
preference shares, par value $0.0001 per share, none of which are issued and outstanding.

 

(c) Authorization.
All corporate action required to be taken by the Company to authorize the Company to enter into this Agreement, and to issue the Forward
Purchase Units at the Forward Closing, has been taken or will be taken prior to the Forward Closing. All corporate action on the part
of the Company necessary for the execution and delivery of this Agreement, the performance of all obligations of the Company under this
Agreement to be performed as of the Forward Closing, and the issuance and delivery of the Forward Purchase Units has been taken or will
be taken prior to the Forward Closing. This Agreement, when executed and delivered by the Company, shall constitute the valid and legally
binding obligation of the Company, enforceable against the Company in accordance with its terms except (i) as limited by applicable bankruptcy,
insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement
of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief,
or other equitable remedies, or (iii) to the extent the indemnification provisions contained in the Registration Rights may be limited
by applicable federal or state securities laws.

 

(d) Valid
Issuance of Securities. The Forward Purchase Units, when issued, sold and delivered in accordance with the terms and for the consideration
set forth in this Agreement, will be validly issued, fully paid and nonassessable, as applicable, and free of all preemptive or similar
rights, taxes, liens, encumbrances and charges with respect to the issue thereof and restrictions on transfer other than restrictions
on transfer specified under this Agreement, applicable state and federal securities laws and liens or encumbrances created by or imposed
by the Purchaser. Assuming the accuracy of the representations of the Purchaser in this Agreement and subject to the filings described
in Section 3(e) below, the Forward Purchase Units will be issued in compliance with all applicable federal and state securities laws.

 

(e) Governmental
Consents and Filings. Assuming the accuracy of the representations made by the Purchaser in this Agreement, no consent, approval,
order or authorization of, or registration, qualification, designation, declaration or filing with, any federal, state or local governmental
authority is required on the part of the Company in connection with the consummation of the transactions contemplated by this Agreement,
except for filings pursuant to Regulation D of the Securities Act, applicable state securities laws, if any, and pursuant to the Registration
Rights.

 

    7

     

    

 

(f) Compliance
with Other Instruments. The execution, delivery and performance of this Agreement and the consummation of the transactions contemplated
by this Agreement will not result in any violation or default (i) of any provisions of the Company’s memorandum and articles of
association, as it may be amended from time to time (the “Charter”), or other governing documents of the Company, (ii)
of any instrument, judgment, order, writ or decree to which the Company is a party or by which it is bound, (iii) under any note, indenture
or mortgage to which the Company is a party or by which it is bound, (iv) under any lease, agreement, contract or purchase order to which
the Company is a party or by which it is bound or (v) of any provision of federal or state statute, rule or regulation applicable to the
Company, in each case (other than clause (i)) which would have a material adverse effect on the Company or its ability to consummate the
transactions contemplated by this Agreement.

 

(g) Operations.
As of the date hereof, the Company has not conducted, and prior to the IPO Closing the Company will not conduct, any operations other
than organizational activities and activities in connection with offerings of its securities.

 

(h) No
General Solicitation. Neither the Company, nor any of its officers, directors, employees, agents or stockholders has either directly
or indirectly, including, through a broker or finder (i) engaged in any general solicitation, or (ii) published any advertisement in connection
with the offer and sale of the Forward Purchase Units.

 

(i) No
Disqualification Event. No disqualifying event described in Rule 506(d)(1)(i)-(viii) under the Securities Act (“Disqualification
Event”) is applicable to the Company or, to the Company’s knowledge, any Covered Person (as defined below), except for a Disqualification
Event as to which Rule 506(d)(2)(ii)-(iv) or (d)(3) under the Securities Act is applicable. The Company has complied, to the extent applicable,
with any disclosure obligations under Rule 506(e) under the Securities Act. “Covered Person” means, with respect to the Company
as an “issuer” for purposes of Rule 506 under the Securities Act, any person listed in the first paragraph of Rule 506(d)(1)
under the Securities Act.

 

(j) No
Foreign Corrupt Practices. Each of the Company and any of its directors and officers is not (i) a person or entity named on the List of
Specially Designated Nationals and Blocked Persons, the Executive Order 13599 List, the Foreign Sanctions Evaders List, or the Sectoral
Sanctions Identification List, each of which is administered by U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”),
(ii) owned or controlled by, or acting on behalf of, a person, that is named on an OFAC List; (iii) organized, incorporated, established,
located, resident or born in, or a citizen, national, or the government, including any political subdivision, agency, or instrumentality
thereof, of, Cuba, Iran, North Korea, Syria, the Crimea region of Ukraine, or any other country or territory embargoed or subject to substantial
trade restrictions by the United States or (iv) a Designated National as defined in the Cuban Assets Control Regulations, 31 C.F.R. Part
515.

 

    8

     

    

 

(k) SEC
Reports. As of their respective filing dates, all reports required to be filed by the Company with the SEC (the “SEC Reports”)
complied in all material respects with the applicable requirements of the Securities Act and the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and the rules and regulations of the SEC promulgated thereunder, and none of the SEC Reports, when filed,
or if amended prior to the date of this Agreement, as of the date of such amendment with respect to those disclosures that are amended,
contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. As of the date hereof, there
are no material outstanding or unresolved comments in comment letters received by the Company from the staff of the Division of Corporation
Finance of the SEC with respect to any of the SEC Reports.

 

(l) No
Anti-Money Laundering. (i) Each of the Company and any of its directors and officers has not engaged in any activity or conduct which
would violate any applicable anti-bribery, anti-corruption or anti-money laundering laws, regulations or rules in any applicable jurisdiction
(including the U.S. Foreign Corrupt Practices Act of 1977, as amended), (ii) the Company maintains systems, policies and procedures designed
to prevent violation of such laws, regulations and rules and (iii) no action, suit or proceeding by or before any court or governmental
or regulatory agency, authority or body or any arbitrator having jurisdiction over the Company, with respect to such laws, regulations
and rules is pending and, to the Company’s knowledge, no such actions, suits or proceedings are threatened or contemplated.

 

(m) No
Litigation. There is no (i) suit, action, proceeding or arbitration before a governmental authority or arbitrator pending, or, to the
knowledge of the Company, threatened against the Company or (ii) judgment, decree, injunction, ruling or order of any governmental entity
or arbitrator outstanding against the Company, except, in each case, for such matters as would not be reasonably expected to have, individually
or in the aggregate, a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement.

 

(n) No
Other Representations and Warranties; Non-Reliance. Except for the specific representations and warranties contained in this Section
3 and in any certificate or agreement delivered pursuant hereto, none of the Company Parties has made, makes or shall be deemed to make
any other express or implied representation or warranty with respect to the Company, this offering, the proposed IPO or a potential Business
Combination, and the Company Parties disclaim any such representation or warranty. Except for the specific representations and warranties
expressly made by the Purchaser in Section 2 of this Agreement and in any certificate or agreement delivered pursuant hereto, the Company
Parties specifically disclaim that they are relying upon any other representations or warranties that may have been made by the Purchaser
Parties.

 

    9

     

    

 

4. Registration
Rights.

 

(a) Registration.
The Company shall (i) use commercially reasonable efforts to file within thirty (30) calendar days after the Business Combination Closing
(the “Filing Date”) a registration statement on Form S-1 (a “Forward Registration Statement”) covering
the resale of the Forward Purchase Units and underlying securities (collectively, the “Registrable Securities”); pursuant
to Rule 415 under the Securities Act; (ii) use commercially reasonable efforts to cause a Forward Registration Statement to be declared
effective under the Securities Act as soon as practicable after the filing thereof but no later than the earlier of (i) the 90th calendar
day (or 120th calendar day if the SEC notifies the Company that it will “review” the Registration Statement) following the
Business Combination Closing and (ii) the 10th Business Day after the date the Company is notified (orally or in writing, whichever is
earlier) by the SEC that the Registration Statement will not be “reviewed” or will not be subject to further review (such
earlier date, the “Effectiveness Date”); provided, however, that the Company’s obligation to include the Registrable
Securities in the Forward Registration Statement is contingent upon the Purchaser furnishing in writing to the Company such information
regarding the Purchaser, the securities of the Company held by the Purchaser and the intended method of disposition of the Registrable
Securities as shall be reasonably requested by the Company to effect the registration of the Registrable Securities, and the Purchaser
shall execute such documents in connection with such registration as the Company may reasonably request that are customary of a selling
stockholder in similar situations. The Company shall maintain each Forward Registration Statement in accordance with the terms hereof
(provided that the Company shall be entitled to postpone and suspend the effectiveness or use of the Forward Registration Statement during
any customary blackout or similar period or as permitted hereunder), and shall prepare and file with the SEC such amendments, including
post-effective amendments, and supplements as may be necessary to keep such Forward Registration Statement continuously effective, available
for use and in compliance with the provisions of the Securities Act until such time as there are no longer any Registrable Securities
included on such Forward Registration Statement. The Company shall use its commercially reasonable efforts to convert the Forward Registration
Statement to a Form S-3 as soon as practicable after the Company is eligible to use Form S-3. For purposes of clarification, any failure
by the Company to file the Registration Statement by the Filing Date or to effect such Registration Statement by the Effectiveness Date
shall not otherwise relieve the Company of its obligations to file or effect the Forward Registration Statement as set forth in this Section
4.

 

(b) The
Company will use its commercially reasonable efforts to provide a draft of the Forward Registration Statement to the undersigned for review
(but not comment) at least two (2) business days in advance of filing the Forward Registration Statement; provided that, for the avoidance
of doubt, in no event shall the Company be required to delay or postpone the filing of the Forward Registration Statement as a result
of or in connection with the undersigned’s review. In no event shall the Purchaser be identified as a statutory underwriter in the
Forward Registration Statement unless required by the SEC or otherwise agreed to by the Purchaser in writing; provided, that if the SEC
requests that the Purchaser be identified as a statutory underwriter in the Forward Registration Statement, the Purchaser will have an
opportunity to withdraw from the Forward Registration Statement. Any failure by the Company to file or to effect the Forward Registration
Statement by the deadlines set out herein shall not otherwise relieve the Company of its obligations to file or effect the Forward Registration
Statement as set forth above in this Section 4. The Company shall, upon reasonable request, inform the Purchaser as to the status of the
registration effected by the Company pursuant to this Agreement.

 

    10

     

    

 

(c) Company
Obligations. In the case of the registration, qualification, exemption or compliance effected by the Company pursuant to this Agreement,
the Company shall, upon reasonable request, inform the Purchaser as to the status of such registration, qualification, exemption and compliance.
At its expense the Company shall:

 

(i) except
for such times as the Company is permitted hereunder to suspend the use of the prospectus forming part of a Forward Registration Statement,
use its commercially reasonable efforts to keep such registration, and any qualification, exemption or compliance under state securities
laws which the Company determines to obtain, continuously effective with respect to the Purchaser, and to keep the applicable Forward
Registration Statement or any subsequent shelf Forward Registration Statement free of any material misstatements or omissions, until the
earlier of the following: (i) the Purchaser ceases to hold any Registrable Securities or (ii) the date all Registrable Securities held
by the Purchaser may be sold without restriction under Rule 144, including without limitation, any volume and manner of sale restrictions
which may be applicable to affiliates under Rule 144 and without the requirement for the Company to be in compliance with the current
public information required under Rule 144(c)(1) (or Rule 144(i)(2), if applicable), and (iii) three years from the effective date of
the Forward Registration Statement;

 

(ii) advise
the Purchaser within five (5) Business Days:

 

(A) when
a Forward Registration Statement or any amendment thereto has been filed with
the SEC and when such Forward Registration Statement or any post-effective amendment thereto has become effective;

 

(B) of
any request by the SEC for amendments or supplements to any Forward Registration Statement or the prospectus included therein or for additional
information;

 

(C) of
the issuance by the SEC of any stop order suspending the effectiveness of any Forward Registration Statement or the initiation of any
proceedings for such purpose;

 

(D) of
the receipt by the Company of any notification with respect to the suspension of the qualification of the Registrable Securities included
therein for sale in any jurisdiction or the initiation or threatening of any proceeding for such purpose; and

 

(E) (E)
subject to the provisions in this Agreement, of the occurrence of any event that requires the making of any changes in any Forward Registration
Statement or prospectus so that, as of such date, the statements therein are not misleading and do not omit to state a material fact required
to be stated therein or necessary to make the statements therein (in the case of a prospectus, in the light of the circumstances under
which they were made) not misleading.

 

(iii) use
its commercially reasonable efforts to obtain the withdrawal of any order suspending
the effectiveness of any Forward Registration Statement as soon as reasonably practicable;

 

    11

     

    

 

(iv) upon
the occurrence of any event contemplated above, except for such times as the Company is permitted hereunder to suspend, and has suspended,
the use of a prospectus forming part of a Forward Registration Statement, the Company shall use its commercially reasonable efforts to
as soon as reasonably practicable prepare a post-effective amendment to such Forward Registration Statement or a supplement to the related
prospectus, or file any other required document so that, as thereafter delivered to purchasers of the Registrable Securities included
therein, such prospectus will not include any untrue statement of a material fact or omit to state any material fact necessary to make
the statements therein, in the light of the circumstances under which they were made, not misleading;

 

(v) use
its commercially reasonable efforts to cause all Registrable Securities to be listed on each securities exchange or market, if any, on
which the Ordinary Shares issued by the Company have been listed (each, an “Exchange”);

 

(vi) use
its commercially reasonable efforts to take all other steps necessary to effect the registration of the Registrable Securities contemplated
hereby and to enable the Purchaser to sell the Registrable Securities under Rule 144.

 

(d) Legend
Removal. If the Forward Purchase Units are eligible to be sold without restriction
under, and without the Company being in compliance with the current public information requirements of, Rule 144 under the Securities
Act, then at the Purchaser’s request, the Company will cause the Company’s transfer agent to remove the legend set forth in
Section 1(c)(v). In connection therewith, if required by the Company’s transfer agent, the Company will promptly cause an opinion
of counsel to be delivered to and maintained with its transfer agent, together with any other authorizations, certificates and directions
required by the transfer agent that authorize and direct the transfer agent to issue such Forward Purchase Units without any such legend.

 

(e) Certificates.
The Company shall cooperate with a Purchaser, at its request, to facilitate the timely preparation and delivery of physical certificates
representing the Forward Purchase Units and enable such certificates to be in such denominations or amounts, as the case may be, as the
Purchasers may reasonably request and registered in such names as the Purchasers may request. Any such physical certificates shall be
stamped or otherwise imprinted with a legend substantially in the form set forth in Section 1(c)(v).

 

    12

     

    

 

(f) Suspension
Events. Notwithstanding anything to the contrary in this Agreement, the Company shall be entitled to delay or postpone the effectiveness
of the Forward Registration Statement, and from time to time to require the Purchaser not to sell under the Forward Registration Statement
or to suspend the effectiveness thereof, if the negotiation or consummation of a transaction by the Company or its subsidiaries is pending
or an event has occurred, which negotiation, consummation or event the Company’s board of directors reasonably believes, upon the
advice of legal counsel, would require additional disclosure by the Company in the Forward Registration Statement of material information
that the Company has a bona fide business purpose for keeping confidential and the non-disclosure of which in the Forward Registration
Statement would be expected, in the reasonable determination of the Company’s board of directors, upon the advice of legal counsel,
to cause the Forward Registration Statement to fail to comply with applicable disclosure requirements (each such circumstance, a “Suspension
Event”); provided, however, that the Company may not delay or suspend the Forward Registration Statement on more than two occasions
or for more than sixty (60) consecutive calendar days, or more than ninety (90) total calendar days, in each case during any twelve-month
period. Upon receipt of any written notice from the Company of the happening of any Suspension Event during the period that the Forward
Registration Statement is effective or if as a result of a Suspension Event the Forward Registration Statement or related prospectus contains
any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made (in the case of the prospectus) not misleading, the Purchaser agrees
that (i) it will immediately discontinue offers and sales of the Registrable Securities under the Forward Registration Statement (excluding,
for the avoidance of doubt, sales conducted pursuant to Rule 144) until the Purchaser receives copies of a supplemental or amended prospectus
(which the Company agrees to promptly prepare) that corrects the misstatement(s) or omission(s) referred to above and receives notice
that any post-effective amendment has become effective or unless otherwise notified by the Company that it may resume such offers and
sales, and (ii) it will maintain the confidentiality of any information included in such written notice delivered by the Company unless
otherwise required by law or subpoena. If so directed by the Company, the Purchaser will deliver to the Company or, in the Purchaser’s
sole discretion destroy, all copies of the prospectus covering the Registrable Securities in the Purchaser’s possession; provided,
however, that this obligation to deliver or destroy all copies of the prospectus covering the Registrable Securities shall not apply (i)
to the extent the Purchaser is required to retain a copy of such prospectus (a) in order to comply with applicable legal, regulatory,
self-regulatory or professional requirements or (b) in accordance with a bona fide pre-existing document retention policy or (ii) to copies
stored electronically on archival servers as a result of automatic data back-up.

 

(f) Opt-Out Notice. The Purchaser
may deliver written notice (including via email) (an “Opt-Out Notice”) to the Company requesting that the Purchaser not receive
notices from the Company otherwise required by this Section 4; provided, however, that the Purchaser may later revoke any such Opt-Out
Notice in writing. Following receipt of an Opt-Out Notice from the Purchaser (unless subsequently revoked), (i) the Company shall not
deliver any such notices to the Purchaser and the Purchaser shall no longer be entitled to the rights associated with any such notice
and (ii) each time prior to the Purchaser’s intended use of an effective Forward Registration Statement, the Purchaser will notify
the Company in writing at least two (2) Business Days in advance of such intended use, and if a notice of a Suspension Event was previously
delivered (or would have been delivered but for the provisions of this Section 4) and the related suspension period remains in effect,
the Company will so notify the Purchaser, within one (1) Business Day of the Purchaser’s notification to the Company, by delivering
to the Purchaser a copy of such previous notice of Suspension Event, and thereafter will provide the Purchaser with the related notice
of the conclusion of such Suspension Event immediately upon its availability.

 

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(g) Indemnification.

 

(i) The
Company shall, notwithstanding any termination of this Agreement, indemnify, defend and hold harmless the Purchaser (to the extent a seller
under the Forward Registration Statement), the officers, directors, agents, partners, members, managers, stockholders, affiliates, employees
and investment advisers of the Purchaser, each person who controls the Purchaser (within the meaning of Section 15 of the Securities Act
or Section 20 of the Exchange Act), and the officers, directors, partners, members, managers, stockholders, agents, affiliates, employees
and investment advisers of each such controlling person, to the fullest extent permitted by applicable law, from and against any and all
losses, claims, damages, liabilities, costs (including, without limitation, reasonable costs of preparation and investigation and reasonable
attorneys’ fees) and expenses (collectively, “Losses”), as incurred, that arise out of or are based upon (A)
any untrue or alleged untrue statement of a material fact contained in the Forward Registration Statement, any prospectus included in
the Forward Registration Statement or any form of prospectus or in any amendment or supplement thereto or in any preliminary prospectus,
or arising out of or relating to any omission or alleged omission to state a material fact required to be stated therein or necessary
to make the statements therein (in the case of any prospectus or form of prospectus or supplement thereto, in light of the circumstances
under which they were made) not misleading, or (B) any violation or alleged violation by the Company of the Securities Act, the Exchange
Act or any state securities law or any rule or regulation thereunder, in connection with the performance of its obligations under this
Section 4, except to the extent, but only to the extent that such untrue statements, alleged untrue statements, omissions or alleged omissions
are based solely upon information regarding the Purchaser furnished in writing to the Company by the Purchaser expressly for use therein.
Such indemnity shall remain in full force and effect regardless of any investigation made by or on behalf of an indemnified party and
shall survive the transfer of the Registrable Securities by the Purchaser. The Company shall notify the Purchaser promptly of the institution,
threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this Section 4 of which the
Company is aware.

 

(ii) The
obligations of the Purchaser under this Agreement are several and not joint with the obligations of any seller named in the Forward Registration
Statement (the “Other Sellers”), and the Purchaser shall not be responsible in any way for the performance of the obligations
of any Other Seller under this Agreement. The Purchaser shall indemnify and hold harmless the Company, its directors, officers, agents
and employees, each person who controls the Company (within the meaning of Section 15 of the Securities Act and Section 20 of the Exchange
Act), and the directors, officers, agents or employees of such controlling persons, to the fullest extent permitted by applicable law,
from and against all Losses, as incurred, arising out of or that are based upon any untrue or alleged untrue statement of a material fact
contained in the Forward Registration Statement, any prospectus included in the Forward Registration Statement, or any form of prospectus,
or in any amendment or supplement thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission
of a material fact required to be stated therein or necessary to make the statements therein (in the case of any prospectus, or any form
of prospectus or supplement thereto, in light of the circumstances under which they were made) not misleading to the extent, but only
to the extent that such untrue statements or omissions are based solely upon information regarding the Purchaser furnished in writing
to the Company by the Purchaser expressly for use therein. In no event shall the liability of the Purchaser be greater in amount than
the dollar amount of the net proceeds received by the Purchaser upon the sale of the Registrable Securities giving rise to such indemnification
obligation.

 

(h) Transfer.
The rights, duties and obligations of the Purchaser under this Section 4 may be assigned or delegated by the Purchaser in conjunction
with and to the extent of any permitted transfer or assignment of Registrable Securities by the Purchaser to any transferee or assignee
pursuant to Section 9(f).

 

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5. Additional
Agreements and Acknowledgements of the Purchaser.

 

(a) Indication
of Interest. The Purchaser hereby indicates an interest in purchasing up to 9.9% of the Public Units offered in the IPO for a maximum
of $9,900,000. This indication of interest is not a binding agreement or commitment to purchase and the Purchaser may elect not to purchase
any Public Units in the IPO.

 

(b) Right
of First Refusal. The Company hereby grants the Purchaser, together with all other purchasers entering into similar Forward Purchase
Agreements with the Company as of the date hereof (“Other Purchasers”), a right of first refusal with respect to any
additional third-party equity financing required by the Company in connection with any Business Combination, excluding financings to the
Target, the equityholders of the Target or the initial shareholders of the Company or their affiliates (such financing, an “Additional
Financing”). The Company shall notify the Purchaser of the principal terms of any proposed Additional Financing and offer the
Purchaser the right to participate in such Additional Financing pro rata with all Other Purchasers. If the Purchaser chooses to accept,
the Purchaser shall have five (5) Business Days from the date of such notice to enter into a definitive subscription agreement providing
for such Additional Financing. In the event the Purchaser does not elect to purchase such equity securities, the Company shall be free
to sell such equity securities to one or more third-party purchasers on the terms contained in such notice. Notwithstanding anything to
the contrary herein, the Purchaser shall irrevocably waive such right of first refusal, and such right of first refusal shall no longer
be applicable, if the Purchaser delivers an Excusal Notice, or if the Purchaser fails to deliver a Purchase Notice prior to the Notification
Deadline.

 

(c) Trust
Account.

 

(i) The
Purchaser hereby acknowledges that it is aware that the Company will establish the Trust Account for the benefit of its public shareholders
upon the IPO Closing. The Purchaser, for itself and its affiliates, hereby agrees that it has no right, title, interest or claim of any
kind in or to any monies held in the Trust Account, or any other asset of the Company as a result of any liquidation of the Company, except
for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(ii) The
Purchaser hereby agrees that it shall have no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future, except for redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares
held by it. In the event the Purchaser has any Claim against the Company under this Agreement, the Purchaser shall pursue such Claim solely
against the Company and its assets outside the Trust Account and not against the property or any monies in the Trust Account, except for
redemption and liquidation rights, if any, the Purchaser may have in respect of any Public Shares held by it.

 

(d) Voting.
The Purchaser hereby agrees that if the Company seeks stockholder approval of the initial proposed Business Combination, then in connection
with such proposed Business Combination, the Purchaser shall vote any Ordinary Shares owned by it in favor of any proposed Business Combination.

 

6. Listing.
The Company will use commercially reasonable efforts to effect and maintain the listing of the Public Shares on the NASDAQ Capital Market
(or another national securities exchange).

 

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7. Conditions
for the Forward Closing.

 

(a) The
obligation of the Purchaser to purchase the Forward Purchase Units at the Forward Closing under this Agreement shall be subject to the
fulfillment, at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable
laws, may be waived by the Purchaser:

 

(i) The
Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase Units;

 

(ii) The
Company shall have delivered to the Purchaser a certificate evidencing the Company’s good standing as a Cayman Islands company;

 

(iii) The
representations and warranties of the Company set forth in Section 3 of this Agreement shall have been true and correct as of the date
hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations
and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a
specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not
have a material adverse effect on the Company or its ability to consummate the transactions contemplated by this Agreement;

 

(iv) The
Company shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required by
this Agreement to be performed, satisfied or complied with by the Company at or prior to the Forward Closing;

 

(v) No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or
administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in
effect, preventing the purchase by the Purchaser of the Forward Purchase Units;

 

(vi) No
amendment or modification of the terms of the Business Combination, in the form most recently provided by the Company prior to the execution
by the Purchaser of a Purchase Notice, shall have occurred that would reasonably be expected to materially and adversely affect the economic
benefits that the Purchaser would reasonably expect to receive under this Agreement without having received Purchaser’s prior written
consent (not to be unreasonably withheld, conditioned or delayed);

 

(vii) There
shall not have occurred any suspension of the Forward Purchase Units for sale or trading on the Exchange and, to the Company’s knowledge,
no proceedings for any such purpose shall have been initiated or threatened.

 

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(b) The
obligation of the Company to sell the Forward Purchase Units at the Forward Closing under this Agreement shall be subject to the fulfillment,
at or prior to the Forward Closing of each of the following conditions, any of which, to the extent permitted by applicable laws, may
be waived by the Company:

 

(i) The
Business Combination shall be consummated substantially concurrently with the purchase of the Forward Purchase Units;

 

(ii) The
representations and warranties of the Purchaser set forth in Section 2 of this Agreement shall have been true and correct as of the date
hereof and shall be true and correct as of the Forward Closing Date, as applicable, with the same effect as though such representations
and warranties had been made on and as of such date (other than any such representation or warranty that is made by its terms as of a
specified date, which shall be true and correct as of such specified date), except where the failure to be so true and correct would not
have a material adverse effect on the Purchaser or its ability to consummate the transactions contemplated by this Agreement;

 

(iii) The
Purchaser shall have performed, satisfied and complied in all material respects with the covenants, agreements and conditions required
by this Agreement to be performed, satisfied or complied with by the Purchaser at or prior to the Forward Closing; and

 

(iv) No
order, writ, judgment, injunction, decree, determination, or award shall have been entered by or with any governmental, regulatory, or
administrative authority or any court, tribunal, or judicial, or arbitral body, and no other legal restraint or prohibition shall be in
effect, preventing the purchase by the Purchaser of the Forward Purchase Units.

 

8. Termination.
This Agreement may be terminated at any time prior to the Forward Closing:

 

(a) by
mutual written consent of the Company and the Purchaser;

 

(b) automatically

 

(i) if
the IPO is not consummated on or prior to March 31, 2022;

 

(ii) if
the Business Combination is not consummated within 18 months from the IPO Closing, unless extended in accordance with the Charter; or

 

(iii) if
the Company becomes subject to any voluntary or involuntary petition under the United States federal bankruptcy laws or any state insolvency
law, in each case which is not withdrawn within sixty (60) days after being filed, or a receiver, fiscal agent or similar officer is appointed
by a court for business or property of the Company, in each case which is not removed, withdrawn or terminated within sixty (60) days
after such appointment.

 

In the event of any termination
of this Agreement pursuant to this Section 8, the Forward Purchase Price, if previously paid, and all Purchaser’s funds paid in
connection herewith shall be promptly returned to the Purchaser, and thereafter this Agreement shall forthwith become null and void and
have no effect, without any liability on the part of the Purchaser or the Company and their respective directors, officers, employees,
partners, managers, members, or stockholders and all rights and obligations of each party shall cease; provided, however, that nothing
contained in this Section 8 shall relieve either party from liabilities or damages arising out of any fraud or willful breach by such
party of any of its representations, warranties, covenants or agreements contained in this Agreement.

 

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9. General
Provisions.

 

(a) Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt, or (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic mail or
facsimile (if any) during normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s
next Business Day, (iii) five (5) Business Days after having been sent by registered or certified mail, return receipt requested, postage
prepaid, or (iv) one (1) Business Day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next Business
Day delivery, with written verification of receipt. All communications sent to the Company shall be sent to: Gesher I Acquisition Corp.,
Hagag Towers, North Tower, Floor 24, Haarba 28, Tel Aviv, Israel, Attention: Chief Executive Officer, Email: emg@varanacapital.com, with
a copy to the Company’s counsel at Graubard Miller, 405 Lexington Avenue, 11th Floor, New York, New York 10174, Attention:
David Miller, Email: dmiller@graubard.com.

 

All communications to the
Purchaser shall be sent to the Purchaser’s address as set forth on the signature page hereof, or to such email address, facsimile
number (if any) or address as subsequently modified by written notice given in accordance with this Section 9(a).

 

(b) No
Finder’s Fees. Each party represents that it neither is nor will be obligated for any finder’s fee or commission in connection
with this transaction. The Purchaser agrees to indemnify and to hold harmless the Company from any liability for any commission or compensation
in the nature of a finder’s or broker’s fee arising out of this transaction (and the costs and expenses of defending against
such liability or asserted liability) for which the Purchaser or any of its officers, employees or representatives are responsible. The
Company agrees to indemnify and hold harmless the Purchaser from any liability for any commission or compensation in the nature of a finder’s
or broker’s fee arising out of this transaction (and the costs and expenses of defending against such liability or asserted liability)
for which the Company or any of its officers, employees or representatives is responsible.

 

(c) Survival
of Representations and Warranties. All of the representations and warranties contained herein shall survive the Forward Closing.

 

(d) Entire
Agreement. This Agreement, together with any documents, instruments and writings that are delivered pursuant hereto or referenced
herein, constitutes the entire agreement and understanding of the parties hereto in respect of its subject matter and supersedes all prior
understandings, agreements, or representations by or among the parties hereto, written or oral, to the extent they relate in any way to
the subject matter hereof or the transactions contemplated hereby.

 

(e) Successors.
All of the terms, agreements, covenants, representations, warranties, and conditions of this Agreement are binding upon, and inure to
the benefit of and are enforceable by, the parties hereto and their respective successors. Nothing in this Agreement, express or implied,
is intended to confer upon any party other than the parties hereto or their respective successors and assigns any rights, remedies, obligations
or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement.

 

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(f) Assignments.
Except as otherwise specifically provided herein, no party hereto may assign either this Agreement or any of its rights, interests, or
obligations hereunder without the prior written approval of the other party. Notwithstanding the foregoing, this agreement and all of
the Purchaser’s rights and obligations may be transferred or assigned, at any time and from time to time, in whole or in part, to
one or more affiliates of the Purchaser; provided that any transfer prior to the Business Combination Closing shall require the prior
written consent of the Company, not to be unreasonably withheld.

 

(g) Counterparts.
This Agreement may be executed in two or more counterparts, each of which will be deemed an original but all of which together will constitute
one and the same instrument.

 

(h) Headings.
The section headings contained in this Agreement are inserted for convenience only and will not affect in any way the meaning or interpretation
of this Agreement.

 

(i) Governing
Law. This Agreement, the entire relationship of the parties hereto, and any litigation between the parties (whether grounded in contract,
tort, statute, law or equity) shall be governed by, construed in accordance with, and interpreted pursuant to the laws of the State of
New York, without giving effect to its choice of laws principles.

 

(j) Jurisdiction.
The parties hereby irrevocably and unconditionally (i) submit to the jurisdiction of the state courts of New York and the United States
District Court for the Southern District of New York for the purpose of any suit, action or other proceeding arising out of or based upon
this Agreement, (ii) agree not to commence any suit, action or other proceeding arising out of or based upon this Agreement except in
state courts of New York or the United States District Court for the Southern District of New York, and (iii) waive, and agree not to
assert, by way of motion, as a defense, or otherwise, in any such suit, action or proceeding, any claim that it is not subject personally
to the jurisdiction of the above-named courts, that its property is exempt or immune from attachment or execution, that the suit, action
or proceeding is brought in an inconvenient forum, that the venue of the suit, action or proceeding is improper or that this Agreement
or the subject matter hereof may not be enforced in or by such court.

 

(k) WAIVER
OF JURY TRIAL. THE PARTIES HERETO HEREBY WAIVE ANY RIGHT TO A JURY TRIAL IN CONNECTION WITH ANY LITIGATION PURSUANT TO THIS AGREEMENT
AND THE TRANSACTIONS CONTEMPLATED HEREBY.

 

(l) Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except with the prior written consent of the Company
and the Purchaser.

 

    19

     

    

 

(m) Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision will not affect the
validity or enforceability of the other provisions hereof; provided that if any provision of this Agreement, as applied to any party hereto
or to any circumstance, is adjudged by a governmental authority, arbitrator, or mediator not to be enforceable in accordance with its
terms, the parties hereto agree that the governmental authority, arbitrator, or mediator making such determination will have the power
to modify the provision in a manner consistent with its objectives such that it is enforceable, and/or to delete specific words or phrases,
and in its reduced form, such provision will then be enforceable and will be enforced.

 

(n) Expenses.
Each of the Company and the Purchaser will bear its own costs and expenses incurred in connection with the preparation, execution and
performance of this Agreement and the consummation of the transactions contemplated hereby, including all fees and expenses of agents,
representatives, financial advisors, legal counsel and accountants. The Company shall be responsible for the fees of its transfer agent;
stamp taxes and all The Depository Trust Company fees associated with the issuance of the Forward Purchase Units.

 

(o) Construction.
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. If an ambiguity or question of intent
or interpretation arises, this Agreement will be construed as if drafted jointly by the parties hereto and no presumption or burden of
proof will arise favoring or disfavoring any party hereto because of the authorship of any provision of this Agreement. Any reference
to any federal, state, local, or foreign law will be deemed also to refer to law as amended and all rules and regulations promulgated
thereunder, unless the context requires otherwise. The words “include,” “includes,” and “including”
will be deemed to be followed by “without limitation.” Pronouns in masculine, feminine, and neuter genders will be construed
to include any other gender, and words in the singular form will be construed to include the plural and vice versa, unless the context
otherwise requires. The words “this Agreement,” “herein,” “hereof,” “hereby,” “hereunder,”
and words of similar import refer to this Agreement as a whole and not to any particular subdivision unless expressly so limited. The
parties hereto intend that each representation, warranty, and covenant contained herein will have independent significance. If any party
hereto has breached any representation, warranty, or covenant contained herein in any respect, the fact that there exists another representation,
warranty or covenant relating to the same subject matter (regardless of the relative levels of specificity) which such party hereto has
not breached will not detract from or mitigate the fact that such party hereto is in breach of the first representation, warranty, or
covenant.

 

(p) Waiver.
No waiver by any party hereto of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not,
may be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in
any way any rights arising because of any prior or subsequent occurrence.

 

(q) Specific
Performance. The Purchaser agrees that irreparable damage may occur in the event any provision of this Agreement was not performed
by the Purchaser in accordance with the terms hereof and that the Company shall be entitled to specific performance of the terms hereof,
in addition to any other remedy at law or equity.

 

(r) Confidentiality.
Except as may be required by law, regulation or applicable stock exchange listing requirements, unless and until the transactions contemplated
hereby and the terms hereof are publicly announced or otherwise publicly disclosed by the Company, the parties hereto shall keep confidential
and shall not publicly disclose the existence or terms of this Agreement.

 

[Signature page follows]

 

    20

     

    

 

IN WITNESS WHEREOF, the undersigned
have executed this Agreement to be effective as of the date first set forth above.

 

	 	PURCHASER:
	 	 	 
	 	By:	                                      
	 	Name:  	 
	 	Title:	 
	 	 	 
	 	Address for Notices:
	 	 	 
	 	COMPANY:
	 	 	 
	 	GESHER I ACQUISITION CORP. 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

Signature Page

To

Forward Purchase Agreement

 

 

21

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