Document:

Exhibit 10.38

    

    

    	 	
            EMPLOYMENT

            AGREEMENT

          

    

    

    [date]

    

    

    PERSONAL & CONFIDENTIAL

    

    

    Dear _________________,

    

    

    We are pleased to provide you with this employment agreement (“Agreement”) to govern the terms and conditions of your employment with _______________, an
      entity organized under the laws of ________ and having a principal office address at __________ (the “Company”).

    

    

    Your employment with the Company is hereby deemed to have commenced on ________ (“Commencement Date”), subject to your
      execution of this letter agreement.  Your employment with the Company will also be subject to: (1) possession of a valid proof of employment authorization; (2) passing standard background checks to the satisfaction of the Company; and (3) your
      agreement to comply with the Company’s internal policies and procedures, existing as of the date of this offer and as may be created, modified, or amended from time to time in the Company’s sole discretion (collectively, the “Company Policies”).  Copies of all existing Company Policies will be made available to you upon your request. As used herein, “Employment” means your employment by the
      Company, along with any resulting appointments as an officer or a director of the board of directors of the Company or its Affiliates.  The Company and you are collectively referred to herein as the “Parties”
      and individually as a “Party”.  An “Affiliate” means the Company’s parent company, IBEX Holdings Limited (“IBEX”), and its direct
      and indirect subsidiaries (other than the Company).

    

    

    
      		1.	
              Position.  Your position with the Company will be that of ________, reporting to _______.

            

    

    

    

    
      		2.	
              Duties.  You will be principally responsible for [duties description], and performing additional duties for the Company or its Affiliates as may be required from time to time (collectively the “Duties”).  You shall use your best efforts to further the interests of the Company and shall devote all of your business time and attention to performing your Duties hereunder.  The Company may change
                your Duties and supervisor at any time in its sole discretion.  [Notwithstanding the foregoing, you shall be permitted to serve as member of the Board of Directors of The Resource Group International Holdings Limited and/or its affiliates
                (“TRG”), provided that such activities do not materially interfere with the time commitment required for you to perform your Duties hereunder.  The Company will notify you in writing in the event it
                believes that such interference is occurring].

            

    

    

    

    
      		3.	
              Covenants.  You hereby agree to the covenants and obligations set forth in Exhibit A to this Agreement.

            

    

    

    

    
      		4.	
              Location.  ______ shall be your principal place of employment.  Your Duties may require significant domestic and international travel, and you agree to travel as required to perform such Duties.

            

    

    

    

    
      		5.	
              Compensation.

            

    

    

    

    
      		a.	
              Base Salary.  You will earn base salary compensation at the monthly rate of $______, which is equivalent on an annualized basis to $_______ (“Base Salary”),
                subject to normal payroll taxes and withholdings. Your Base Salary shall be paid to you in accordance with the Company’s standard employee payroll schedule then in effect.  Your Base Salary is prospectively adjustable by the Company in its
                sole discretion, and such adjustments shall be effective only upon the Company’s delivery to you of written notice of such an adjustment.

            

    

    

    

    
      		b.	
              Bonus.  You will be eligible to earn an annual bonus at the end of each calendar year.  Whether you are awarded such a bonus and the amount thereof shall be determined by the Company, acting in its
                sole discretion.  You may receive other cash or equity bonus compensation, the existence, timing, and magnitude of which shall be determined by the Company in its sole discretion.  Any bonus or equity bonus shall be deemed earned only when
                actually paid or, for the equity, formally granted to you.

            

    

    

    

    
      CONFIDENTIAL

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      		c.	
              [Stock Option Grant.  The Company will recommend to the Board of Directors of IBEX that you be granted a stock option entitling you to purchase _____ common shares of IBEX, at a strike price per
                share as determined by the Board of Directors of IBEX.  Any stock option granted to you will be subject to the terms and conditions of IBEX’s 2017 Stock Option Plan and your execution of the exercise agreement and notice of grant evidencing
                the option (collectively, the “Plan Documents”).  Upon the termination of your employment for any reason, vesting of any granted stock options shall cease and any unvested portions shall then expire; however, subject to the terms of the
                Plan Documents, you shall have 3 months in which to exercise any option that has vested as of the date of such termination, after which the options shall be void.]

            

    

    

    

    
      		d.	
              Benefits.  You will also be eligible to participate in the benefits plans established by the Company, subject to the participation and eligibility requirements of those plans.  The benefit plans
                currently offered by the Company include health, dental, vision, disability, and life insurance plans, as well as a 401(k) plan.  The Company reserves the right to modify, amend and/or terminate any and all of its benefits plans at its
                discretion.

            

    

    

    

    
      		e.	
              Leave.  You will be entitled to a maximum of __ days of paid vacation and sick leave per year, subject to any requirements of any applicable Company policy.  This leave shall be earnable by you at
                the rate of __ days of paid leave for each month worked by you, provided that in no event shall your earned leave be allowed to exceed __ days in the aggregate. Any leave days not taken shall be void upon the termination of your employment,
                and you will receive no payment for them, unless required otherwise by applicable law.

            

    

    

    

    
      		6.	
              Term and Termination. You will be an employee-at-will, and, subject to the terms and conditions of this Agreement, either you or the Company may terminate your employment at any time for any
                reason.  You agree to give the Company at least 30 days’ prior written notice in the event that you seek to terminate your employment, with the Company having the option to accept your resignation with immediate effect.

            

    

    

    

    
      		a.	
              Effect on Officer and Director Positions.  If your employment ends for any reason, you agree that you will cease immediately to hold any and all officer or director positions you then have with the
                Company or any Affiliate (including IBEX), absent a contrary direction from the Board of IBEX or the Company (which may include either a request to continue such service or a direction to cease serving upon notice).  You hereby irrevocably
                appoint the Company to be your attorney-in-fact to execute any documents and do anything in your name to effect your ceasing to serve as a director and officer of the Company and any Affiliate, should you fail to resign following a request
                from the Company or the Board of IBEX to do so. A written notification signed by a director or duly authorized officer of the Company that any instrument, document or act falls within the authority conferred by this subsection will be
                conclusive evidence that it does so. The Company will prepare any documents, pay any filing fees, and bear any other expenses related to this Section 6.a.

            

    

    

    

    
      		7.	
              Effect of Section 409A of the Code.

            

    

    

    

    
      		a.	
              General 409A Principles.  For purposes of this Agreement, a termination of employment shall mean a “separation from service” as defined in Section 409A of the Internal Revenue Code of 1986, as
                amended (“Section 409A” of the “Code”).  For purposes of this Agreement, each amount to be paid or benefit to be provided will be construed as a separate
                identified payment for purposes of Section 409A, and any payments that are due within the “short-term deferral period” as defined in Section 409A or are paid in a manner covered by Treas. Reg. Section 1.409A 1(b)(9)(iii) will not be treated
                as deferred compensation unless applicable law requires otherwise.  Neither the Company nor you will have the right to accelerate or defer the delivery of any such payments or benefits except to the extent specifically permitted or required
                by Section 409A.  This Agreement is intended to comply with the provisions of Section 409A and this Agreement will, to the extent practicable, be construed in accordance therewith.  Terms defined in this Agreement will have the meanings
                given such terms under Section 409A if and to the extent required to comply with Section 409A.  In any event, the Company makes no representations or warranty and will have no liability to you or any other person, if any provisions of or
                payments under this Agreement are determined to constitute deferred compensation subject to Section 409A but do not satisfy the conditions of that section.

            

    

    

    

    
      		b.	
              Six Month Delay.  If and to the extent any portion of any payment, compensation or other benefit provided to you in connection with your separation from service is determined to constitute
                “nonqualified deferred compensation” within the meaning of Section 409A and you are a specified employee as defined in Section 409A(a)(2)(B)(i), as determined by the Company in accordance with its procedures, by which determination you
                hereby agree that you are bound, such portion of the payment, compensation or other benefit will not be paid before the earlier of (a) the day that is six months plus one day after the date of separation from service (as determined under
                Section 409A) or (b) the tenth (10th) day after the date of your death (as applicable, the “New Payment Date”).  The aggregate of any payments that otherwise would have been paid to you during the
                period between the date of separation from service and the New Payment Date will be paid to you in a lump sum in the first payroll period beginning after such New Payment Date, and any remaining payments will be paid on their original
                schedule.

            

    

    

    

    
      CONFIDENTIAL

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      		8.	
              Miscellaneous.

            

    

    

    

    
      		a.	
              You represent and warrant that you are not subject to any agreement or understanding with any current or prior employer or business (or any other entity or person) which would in any manner preclude you from fulfilling any of the duties
                or obligations you would have with the Company or which would result in any additional payment from the Company.

            

    

    

    

    
      		b.	
              This Agreement constitutes the entire agreement between you and the Company concerning your Employment with the Company.  The Company and you agree that all understandings, oral agreements, and representations with respect to such
                Employment, whether made prior to or after your execution of this Agreement, are void and/or are superseded by this Agreement and may not be relied upon.  This Agreement cannot be modified, changed, or amended, except in a writing signed by
                you and a duly-authorized representative of the Company.  No waiver by the Company shall be effective unless set forth in a writing executed by an authorized representative of the Company.  No person other than a party to this Agreement may
                enforce any of its terms.  This Agreement shall be binding upon and inure to the benefit of both Parties and their respective successors and assigns, including any entity with which, or into which, the Company may be merged or that may
                succeed to the Company’s assets or business, provided, however, that your obligations are personal and may not be assigned by you.

            

    

    

    

    
      		c.	
              Any notice required by this Agreement shall be in writing and may be delivered personally, or by overnight courier, with respect to the Company, to the addresses of the Company’s headquarters, in all cases with an email copy to
                __________ (or to any other email address that the Company may designate in writing to you), and with respect to you, to the address set forth in the signature block below or any other address that you may designate through written notice
                to the Company, in all cases with an email copy to you at __________.  Notices delivered personally shall be deemed delivered upon receipt.  Notices delivered by overnight courier shall be deemed delivered on the business day immediately
                subsequent to placement of the notice with the overnight courier.

            

    

    

    

    
      		d.	
              As provided in the Arbitration Agreement attached hereto as Exhibit B, you hereby agree that in any claim or dispute arising out of, or related to this Agreement or to any aspect of Employment relationship, including but not limited to
                equitable or declaratory relief, the matter must be dealt with by binding arbitration under the terms of the Arbitration Agreement, except as explicitly excluded therein.  This includes without limitation, all matters relating to the
                Agreement’s formation, and validity, binding effect, interpretation, performance, breach or termination.  All disputes shall be kept as strictly confidential and may not be publicly disclosed or made available to the public in any way for
                any reason without the prior written consent of the Company.

            

    

    

    

    
      		e.	
              This Agreement shall be governed by and construed in accordance with the laws of Washington, D.C. (without reference to the conflicts of laws provisions thereof).  The federal or state courts of the District of Columbia shall have
                exclusive jurisdiction over any disputes not covered by the Arbitration Agreement (attached hereto as Exhibit B), and the Parties accordingly submit to the exclusive jurisdiction of such courts for this limited purpose.  With respect to any
                such court action, the Parties hereto (a) submit to the personal jurisdiction of such courts; (b) consent to service of process by the means specified under Section 8(c) of the Agreement; and (c) waive any other requirement (whether imposed
                by statute, rule of court, or otherwise) with respect to personal jurisdiction, inconvenient forum, or service of process. The Company and you each hereby irrevocably waive any right to a trial by jury in
                  any action, suit or other legal proceeding arising under or relating to any provision of this Agreement.

            

    

    

    

    
      		f.	
              This Agreement may be executed in multiple counterparts, that together, when executed shall be an original and constitute one instrument.  Copies of signed counterparts that are sent via facsimile or transmitted electronically between
                the Parties shall be deemed to be originals for purposes of establishing execution by either or both Parties.  This Agreement may be executed electronically with record of the transaction held electronically by either or both Parties.

            

    

    

    

    [signature page to follow]

    
      CONFIDENTIAL

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    Please formally record your acceptance of this Agreement by signing below.

    

    

    IN WITNESS HEREOF, the Parties have agreed to enter into this Agreement as of the date first set forth above:

    

    

    	
            [Company Name]

          	 	 
	 	 	 
	
            [Company Address]

          	 	 
	 	 	 
	 	 	 
	
            Name:

          	 	 	 
	 	 	 	 
	
            Title:

          	 	 	 
	 	 	 	 
	
            Employee’s signature:

          	 	 
	 	 	 
	 	 	 
	
            Name:

          	 	 	 
	 	 	 
	
            Print address:

          	 	 	 
	 	 	 

    

    

    

    

    

    

    

    

    
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    EXHIBIT A

    

    

    COVENANTS AND OBLIGATIONS

    

    

    
      		1.	
              Definitions.

            

    

    

    

    
      		1.1	
              All capitalized terms not expressly defined in this Exhibit shall have their meaning as defined in the Agreement.

            

    

    

    

    
      		1.2	
              “Company” means ________ and all of its Affiliates.

            

    

    

    

    
      		1.3	
              “Confidential Information” means all information of any nature in any form, whether disclosed in writing, orally, or electronically, that is disclosed to or known by you as a consequence of your
                Employment with the Company, whether such information is developed by the Company by you or is submitted to the Company in confidence by third parties.  Confidential Information shall include, without limitation, all writings, memoranda,
                copies, reports, records, papers, surveys, analyses, drawings, letters, computer printouts, computer programs (source and object code), computer applications, computer processing techniques, methodologies, proposals, bids, processes,
                specifications, customer data (such as customer lists, identities, and requirements), contacts, licenses, business methods, business processes, business techniques, business plans, financial records, employee compensation, marketing plans,
                data, graphs, charts, sound recordings, pictorial representations, inventions, prototypes, and samples (whether or not patentable or copyrightable).  Confidential Information does not include information that was (i) part of the public
                domain at the time of disclosure to you or becomes part of the public domain, other than by a breach of an obligation to maintain confidentiality; (ii) acquired by you from a third party without an obligation of confidentiality; or (iii)
                approved for public release in writing by the Company.

            

    

    

    

    
      		1.4	
              “Intellectual Property Rights” means all of the world-wide legal rights of, in and to the following: (i) patents, patent applications, and invention disclosures; (ii) copyrights and works of
                authorship, including without limitation textual, masks, audio/visual works, “look and feel,” and derivative works; (iii) trademarks, service marks, trade names, and trade dress, together with all goodwill associated therewith; (iv) trade
                secrets, know-how, and proprietary and confidential information; (v) moral rights; (vi) design rights; (vii) domain names; (viii) any rights analogous to those set forth in the preceding clauses; and (ix) any applications, registrations,
                divisions, combinations, continuations, renewals, reissues, extensions, and translations of the foregoing (as applicable); whether existing on the Commencement Date or thereafter filed, issued, or acquired.

            

    

    

    

    2.          Confidentiality.

    

    

    
      		2.1	
              Non-Disclosure.  The Company may disclose to you Confidential Information as appropriate or necessary for you to perform your duties and any training associated therewith, and you shall generate
                and contribute to Confidential Information in connection with your duties.  You hereby covenant and agree that you shall not, during your Employment and for the maximum period thereafter as permitted by law, disclose to any person, nor use,
                any Confidential Information except as required in the course of Employment with the Company or as authorized with the prior written consent of the Company.  You agree to use your best efforts (and, at minimum, commercially-reasonable
                efforts) to prevent accidental or negligent loss or release of Confidential Information to any unauthorized persons or entities and shall immediately notify the Company in writing if any such loss or release occurs.

            

    

    

    

    
      		2.2	
              Return of Company Property.  Within 5 calendar days upon termination of your Employment for any reason (or upon the Company’s earlier request), you shall return to the Company all property of the
                Company then in your possession or under your control and all property made available to you in connection with your Employment with the Company, including without limitation, Confidential Information, Company credit cards, any and all
                records, drawings, manuals, models, notes, reports, contact information, papers and documents kept or made by you in connection with your Employment with the Company, all computer hardware or software, files, memoranda, correspondence,
                vendor and customer lists, financial data, keys, and security access cards or devices.  Without limiting the foregoing, you agree to return all documents, programs, files, materials, and electronically stored information that (i) may
                contain or be derived from any Confidential Information, Works or Inventions (all as defined herein) or (ii) may be connected with or derived from your Employment with the Company.  You hereby waive any right you may have to keep any
                information private from the Company or its legal counsel that may be contained or embedded in any of the foregoing, including but not limited to any computer device or storage medium furnished to you by the Company, and any non-Company
                email accounts.

            

    

    

    

    
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      		2.3	
              Right of Inspection.  For the purposes of verifying that the Company’s Confidential Information is not being misused or misappropriated, during the term of your Employment and within 60 days after
                the termination of your Employment for any reason, or in any litigation or arbitration involving or otherwise touching upon your Employment with the Company, the Company may issue an “Inspection Notice” to you requiring you to deliver to
                the Company: (1) all computer devices and electronic storage mediums that you own or over which you have control (and provide access codes and passwords) that you have used in connection with your employment with the Company; and (2) access
                codes and passwords to any personal email account or other personal electronic communication accounts or records that are controlled by you, or that are maintained by a third party on your behalf, that you have used in connection with your
                employment with the Company.  Upon receiving an Inspection Notice, you shall have 10 days to comply with the notice or otherwise be deemed to be in material breach of this exhibit.  You hereby consent to the Company’s inspection of such
                computer devices, electronic storage mediums, and personal electronic communication accounts and waive any right you may have to keep private from the Company or their legal counsel any information that may reside on such devices, mediums,
                or accounts.

            

    

    

    

    3.          Works Made for Hire.

    

    

    
      		3.1	
              Works Made for Hire.  You acknowledge and agree that to the extent permitted by law, all work papers, reports, memoranda, research materials, documentation, drawings, photographs, negatives, tapes
                and masters, prototypes, contributions to a collective work, audio/visual works, translations, supplementary works, compilations, instructional texts, and all other copyrightable materials generated by you during and in connection with your
                relationship with the Company, including without limitation, any and all such materials generated and maintained on any form of electronic media (collectively, “Works”) shall be considered “works made for hire” and that authorship and ownership of any and all copyrights in any and all such works shall belong solely to the Company, including all aspects, elements, and components thereof in
                which any copyright can subsist and all rights to apply for copyright registration or to prosecute any claim of infringement of such Works.

            

    

    

    

    
      		3.2	
              Assignment of Works.  To the extent that any Works are not deemed to be “works made for hire”, you hereby irrevocably transfer, grant, convey, assign, and
                relinquish, all right, title, and interest in such Works, including all Intellectual Property Rights, to the Company, its successors, assigns, or nominees for no further consideration.

            

    

    

    

    
      	4.	
              Inventions.

            

    

    

    

    
      		4.1	
              Assignment of Inventions.  You hereby transfer, grant, convey, assign, and relinquish to the Company, or to those successors, assigns, or nominees that the Company may designate, all of your right,
                title, and interest (including all Intellectual Property Rights) in and to any ideas, discoveries, inventions, disclosures, and improvements (whether patentable or unpatentable) made, conceived, or suggested by you in whole or in part,
                either solely or jointly with others, during the course of your Employment with the Company or within 1 year following termination of your relationship with the Company, which were made with the use of the Company’s time, materials, or
                facilities or that are within the existing or the contemplated scope of the Company’s prospective business (collectively, the “Inventions”).  To avoid ambiguity, any Inventions created by you shall be
                automatically assigned to the Company, or to those successors, assigns, or nominees that the Company may designate, upon conception.

            

    

    

    

    
      		4.2	
              Duty of Disclosure.  You acknowledge and agree to communicate promptly and disclose to the Company, in such form and at such time as the Company requests, all information, details, material, and
                data pertaining to any Inventions.

            

    

    

    

    
      		4.3	
              Duty to Cooperate.  Upon request by the Company, you shall, at any time during your Employment with the Company or after termination thereof, execute and deliver to the Company all appropriate
                documents and perform all acts which the Company may request in order to apply for, obtain, maintain, and prosecute any copyrights, trademarks, patents, or other Intellectual Property Rights in any Works or Inventions, or in order to
                perfect the assignments and transfer of rights in and to the Works or Inventions hereunder, at the expense of the Company, but without further or additional consideration to you.

            

    

    

    

    
      	5.	
              Nonsolicitation and Noncompete.

            

    

    

    

    
      		5.1	
              Non-Solicitation of Employees.  You agree that during your Employment and for a two-year period following termination of employment for any reason, you will not, without the prior written consent
                of the Company, directly or indirectly (including without limitation as an individual, officer, director, proprietor, employee, partner, member, creditor, consultant, advisor, sales representative, agent, or investor of more than five
                percent (5%) of the issued equity of a corporate entity), solicit any employee, officer, director, or consultant of the Company, who was known to you during your Employment, to terminate or detrimentally modify their employment, officer,
                director, or consulting relationship with the Company.

            

    

    

    

    
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      		5.2	
              Non-Solicitation of Customers.  You agree that during your Employment and for a two-year period following termination of employment for any reason, you will not, without the prior written consent
                of the Company, directly or indirectly (including without limitation as an individual, officer, director, proprietor, employee, partner, member, creditor, consultant, advisor, sales representative, agent, or investor of more than five
                percent (5%) of the issued equity of a corporate entity), solicit any actual or prospective customer of the Company who was known to you during your Employment, to detrimentally modify, reduce, or terminate their actual or prospective
                customer relationships with the Company.

            

    

    

    

    
      		5.3	
              Non-Compete.  You agree that during the term of Employment, and for a 12 month period following termination of your employment for any reason, you shall not directly or indirectly engage,
                regardless of whether such engagement be as an individual, officer, director, proprietor, employee, partner, member, investor (other than solely as a passive holder of less than 5% of the outstanding equity of a corporate entity that is
                publicly traded), creditor, consultant, advisor, sales representative, agent, or other participant, anywhere in the Restricted Area, in a Restricted Business.  “Restricted Area” means all countries or
                geographic areas where the Company conducts business or services, including but not limited to the continental United States, Canada, The United Kingdom, Jamaica, Nicaragua, Pakistan, and the Philippines.  You recognize that the business of
                the Company is conducted on a worldwide scale and thus that this geographic area is reasonable. “Restricted Business” means any venture, enterprise, activity or business engaged in a business that
                competes with the business of the Company, including without limitation, any business which provides in or from the Restricted Area, contact center services, customer relationship management software or services, digital marketing, or the
                sale of Medicare or life insurance products.

            

    

    

    

    
      		5.4	
              Non-Disparagement.  You agree that, during the term of your Employment with the Company and up to the maximum extent allowed by law thereafter, you shall not disparage or criticize the Company,
                its corporate affiliates, nor any of their respective principals, directors, officers, or employees, including without limitation making any statements that are or could be harmful to the Company’s goodwill with its customers, vendors,
                employees, the media or the public, provided that disparaging or critical remarks made internally within the Company during your Employment in furtherance of your Employment are not prohibited, and nothing herein should be construed as
                preventing you from making truthful disclosures in any litigation or arbitration or in response to government inquires.

            

    

    

    

    6.          General.

    

    

    
      		6.1	
              Severability.  If any provision of this schedule is found to be invalid, illegal, or unenforceable, then, notwithstanding such provision, all other provisions of this schedule shall remain in full
                force or effect, and the terms of such provision shall be limited to the extent necessary to render the provision valid, legal, and enforceable.

            

    

    

    

    
      		6.2	
              Other Agreements.  You hereby represent that your performance of all the terms of the Agreement and this Exhibit and the performance of your Duties as an employee of the Company does not and will
                not breach any agreement to keep in confidence proprietary information, knowledge or data acquired by you in confidence or in trust prior to your employment with the Company.  You agree that you will not enter into any agreement or
                commitment or agree to any policy that would prevent or hinder your performance of duties and obligations under the Agreement.  [Notwithstanding the foregoing, it is acknowledged that during your Employment, you may serve on the Board of
                Directors of TRG, and that following the termination of your employment, you may become an employee or officer of TRG, and as such, the Company, on behalf of itself, IBEX, and its Affiliates, hereby agrees that nothing in this Exhibit or
                the Agreement shall, except as set forth in Section 2 of the Agreement, impinge your ability to serve as a director or future employee or officer of TRG and/or its affiliates and render any duties associated therewith.  In addition, while
                the Stockholder’s Agreement is in effect and not terminated, nothing in this Exhibit A or the Agreement shall preclude or otherwise in any way hinder your from also engaging in any commercial, employment, or other legal relationship with
                TRG, or otherwise directly or indirectly exercising, or assisting in the exercise of, any right granted to TRG pursuant to the Stockholders Agreement, unless such engagement by you violates any law, regulation, or order that is applicable
                to the Company or its Affiliates.  As used herein, “Stockholders Agreement” means the Stockholder’s Agreement dated as of September 15, 2017 entered into between IBEX and The Resource Group International Limited].

            

    

    

    

    
      		6.3	
              Injunctive Relief and Specific Performance.  You agree that a breach of any covenant set forth in this Exhibit may result in irreparable and continuing harm to the Company for which there is no
                adequate remedy at law.  You agree that in the event of your actual, threatened, or intended breach of this schedule, the Company may have the right to seek injunctive relief or specific performance in a court of law without the posting of
                any bond. You agree that injunctive relief and specific shall be cumulative to any other remedy that the Company may seek for a breach of this Exhibit.  You agree that injunctive relief and specific shall be cumulative to any other remedy
                that the Company may seek for a breach of this Exhibit.  The periods for compliance set forth in Sections 5.1, 5.2, and 5.3 shall be extended by any period of time during which you are in breach of the covenants set forth therein.

            

    

    

    

    
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      		6.4	
              Controlling law and Forum.  In accordance with the Agreement, you agree that the provisions in this Exhibit shall be governed by the laws of the District of Columbia, regardless of conflict of law
                principles.  The federal or state courts of the District of Columbia shall have exclusive jurisdiction over any disputes brought by the Company arising out of or relating to any provision in this Exhibit, and you accordingly submit to the
                exclusive jurisdiction of such courts for this limited purpose.  With respect to any such court action, you hereto (a) submit to the personal jurisdiction of such courts; (b) consent to service of process by the means specified under
                Section 8(c) of the Agreement; and (c) waive any other requirement (whether imposed by statute, rule of court, or otherwise) with respect to personal jurisdiction, inconvenient forum, or service of process.

            

    

    

    

    
      		6.5	
              Employee Status.  Nothing in this Exhibit shall be used to construe you as anything other than an at-will employee of the Company.  You understand that your Employment with the Company may be
                terminated in accordance with the Agreement.

            

    

    

    

    
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    EXHIBIT B

    

    

    ARBITRATION AGREEMENT

    

    

    A. Mutual Consent

    

    

    The Company and you mutually consent to the resolution, by final and binding arbitration, of any and all arbitrable claims or controversies (“claim”),
      except to the extent limited by Section B of this Arbitration Agreement, that the Company may have against you or that you may have against the Company, its Affiliates, its shareholders, or their respective officers, directors, partners, owners,
      employees or agents in their capacity as such or otherwise, arising out of or relating to your Employment or any other relationship you have with the Company or its Affiliates, including but not limited to, any claims arising out of or related to
      your Agreement or this Agreement to Arbitrate (this “Arbitration Agreement”) or the breach thereof, or any question relating to the Arbitration Agreement’s existence, validity or termination.  Legal disputes
      covered by this Arbitration Agreement include, but are not limited to: (i) claims or charges of discrimination (including, but not limited to, race, color, religion, creed, sex, sexual orientation, or sexual or other unlawful harassment, pregnancy,
      national origin, ancestry, age, physical or mental handicap or disability, genetic disposition or carrier status, marital status, veteran’s status, retaliation, or any other category protected under applicable federal, state or local fair employment
      practices law and specifically including but not limited to, claims arising under Title VII of the Civil Rights Act of 1964, the Americans With Disabilities Act of 1990, the Family and Medical Leave Act, the Worker Adjustment and Retraining
      Notification Act, the Fair Credit Reporting Act, the Employee Retirement Income Security Act of 1974 (“ERISA”), any state fair employment practices law such as the District of Columbia Human Rights Act of 1977, D.C. Code § 2-1401.01 et seq.;
      (ii) claims for breach of contract or promissory estoppel; (iii) tort claims, wrongful discharge claims, defamation and unfair business practices claims; and (iv) claims for wages, commissions, bonuses, severance, stock options and other equity,
      employee benefits or other compensation, whether pursuant to contract, state wage and hour laws, the Fair Labor Standards Act, ERISA, or any other law concerning wages, compensation or employee benefits.

    

    

    The claims shall be settled exclusively by binding arbitration in accordance with Employment Arbitration Rules and Mediation Procedures (“AAA Rules”) of American Arbitration Association (“AAA”),
        and judgment upon the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. Any claim or controversy not submitted to arbitration in accordance with this Exhibit (other
        than claims covered by Exhibit A, claims for workers compensation, or claims that cannot legally be submitted to arbitration) shall be waived, and thereafter no arbitration panel or tribunal or court shall have the power to rule or make any award
        on any such claim or controversy.

    

    

    THE COMPANY AND YOU FULLY UNDERSTAND THAT, ABSENT THIS ARBITRATION AGREEMENT, LEGAL CLAIMS BETWEEN THE PARTIES COULD BE RESOLVED THROUGH THE COURTS AND A JURY
      BUT EXPRESSLY AGREE TO FOREGO THE TRADITIONAL LITIGATION SYSTEM IN FAVOR OF BINDING ARBITRATION.

    

    

    B. Claims Not Covered by this Arbitration Agreement

    

    

    The Arbitration Agreement does not apply to actions by the Company or its Affiliates for injunctive and/or other equitable relief, including but not limited to claims for unfair competition and/or
      the use and/or unauthorized disclosure of trade secrets or confidential information, as to which you understand and agree that the Company or its Affiliates may seek and obtain relief from a court of competent jurisdiction.  You agree that any action
      by you for injunctive, equitable, or declaratory relief, is covered by this Arbitration Agreement and is subject to arbitration.

    

    

    C.  Class Action Waiver

    

    

    Except as otherwise required under applicable law, the Parties agree that neither of them will assert class action or representative action claims against the other, whether in arbitration or
      otherwise, which actions are hereby waived; and each of the Parties shall only submit their own, individual claims in arbitration and will not seek to represent the interests of any other person.

    

    

    
      CONFIDENTIAL

      Page 9 of 11

      
        

    

    

    

    D. Arbitration Rules and Applicable Law

    

    

    The Parties agree that the Federal Arbitration Act (“FAA”) will govern this Arbitration Agreement and the interpretation and enforcement of the arbitration
      proceeding, including any actions to compel, enforce, vacate, or confirm proceedings, awards or orders issued by the Arbitrator. The Proceedings under this Arbitration Agreement will be administered by the AAA pursuant to the AAA Rules, except as
      provided in this Arbitration Agreement.  Except as provided in this Arbitration Agreement or the AAA Rules, the Arbitrator shall apply the state or federal law of Washington, DC, including laws establishing burdens of proof.  This Arbitration
      Agreement does not enlarge substantive rights of either party available under existing law.

    

    

    THE FACT OF ANY ARBITRATION, AND ANY PROCEEDINGS, CLAIMS, OR DISPUTES RELATING TO THE ARBITRATION, SHALL BE KEPT BY YOU AS STRICTLY CONFIDENTIAL, AND SHALL BE DEEMED TO BE THE
      COMPANY’S CONFIDENTIAL INFORMATION.

    

    

    E. Initiation of Arbitration and Time Limits

    

    

    A party may initiate arbitration proceedings under this Arbitration Agreement by serving a written Request for Arbitration on AAA forms (a “Request
        for Arbitration”).  The Request for Arbitration must describe the nature of the dispute and the specific remedy sought and must be simultaneously mailed to all other parties to the dispute. Except for a claim asserting fraudulent or
      intentional wrongdoing, a Request for Arbitration must be filed within one year of the date when the cause of action first arose or be deemed waived.  Any failure to timely request arbitration constitutes a complete waiver of all rights to raise any
      claims in any forum relating to any dispute that was subject to arbitration.  The time limitations in this paragraph are not subject to any type of tolling.

    

    

    F. The Arbitrator

    

    

    All disputes will be resolved by a single Arbitrator selected from a list provided by the AAA pursuant to the AAA Rules.  The Arbitrator has the authority to determine the arbitrability of the
      dispute itself and to rule on any motions regarding discovery or the pleadings, including motions to dismiss and for summary judgment, and, in doing so, shall apply the standards set forth in the Federal Rules of Civil Procedure (except as otherwise
      set forth in this Arbitration Agreement), and to order any and all equitable or legal relief which a party could obtain from a court of competent jurisdiction on the basis of the claims made in the dispute.  The arbitrator shall have no power to vary
      or ignore the terms of this Arbitration and shall be bound by controlling law and the Federal Rules of Evidence.

    

    

    G. Hearing Location and Language

    

    

    Unless the parties agree otherwise in writing, the hearing shall take place at the Company’s offices in Washington, DC.

    

    

    H. Arbitration Fees and Costs

    

    

    The Company shall pay any filing fee and the fees and costs of the arbitrator; provided, however, that if you are the party initiating the arbitration, you will pay an amount equivalent to
      the filing fee that you would have paid to file a civil action or initiate a claim in the court of general jurisdiction in the state in which you performed services for the Company.  Each party shall pay for its own costs and attorneys’ fees, if any;
      provided, however that the arbitrator will award reasonable attorney’s fees and costs to the prevailing party in any arbitration, unless otherwise prohibited by law.

    

    

    I. Severability

    

    

    In the event that any provision of this Arbitration Agreement is determined by the Arbitrator or by a court of competent jurisdiction to be illegal, invalid or unenforceable to any extent, such
      provision shall be enforced to the extent permissible under the law and all remaining provisions of this Arbitration Agreement shall remain in full force and effect.

    

    

    
      CONFIDENTIAL

      Page 10 of 11

      
        

    

    

    

    J. Miscellaneous Provisions

    

    

    
      		1.	
              The parties understand and agree that their promises to arbitrate claims, rather than to litigate them before courts or other bodies, provide consideration for each other.

            

    

    

    

    
      		2.	
              This Arbitration Agreement to arbitrate shall survive the termination of your Employment with the Company.  It can only be revoked or modified in writing signed by the authorized representatives of the parties, which specifically states
                intent to revoke or modified this Arbitration Agreement.  Only the Board of the Company can revoke or modify this Arbitration Agreement on behalf of the Company.

            

    

    

    

    
      		3.	
              Notwithstanding anything to the contrary herein, to the extent that you seek to subpoena, or otherwise legally compel, a third party for information or testimony, and if such third party is an actual, past, or prospective customer of the
                Company or its affiliates, or is an employee, officer, or director of such customer, then no subpoena or other legal process may be issued to such third party unless:

            

    

    

    

    
      		i.	
              the Company agrees in writing to the issuance of the subpoena or legal process; or

            

    

    

    

    
      		ii.	
              upon written motion from you seeking to issue the subpoena or legal process, in which motion you shall have the burden of persuasion and the burden of proof, the Arbitrator finds good cause to issue such subpoena or legal process.

            

    

    

    

    
      		4.	
              This Arbitration Agreement, together with the employment agreement to which it is attached, is the complete agreement of the parties on the subject of arbitration of disputes.

            

    

    

    

    
      		5.	
              This Arbitration Agreement is not, and shall not be construed to create, any contract of employment, express or implied.

            

    

    

    

    IN WITNESS HEREOF, the Parties have agreed to enter into this Arbitration Agreement as of the date set forth on the first page of the employment agreement:

    

    

    [Company Name]

    

    

    [Company Address]

    

    

    
      	
              Name:

            	
               

            	
               

            
	
               

            	
               

            	
               

            
	
              Title:

            	
               

            	
               

            
	
               

            	
               

            	
               

            

    

     

    Employee’s signature:

    

    

    

    

    
      	
              Name:

            	
               

            	
               

            
	
               

            	
               

            	
               

            

    

  

   

  CONFIDENTIAL

  Page 11 of 11Exhibit 10.39

     

    INDEMNIFICATION AGREEMENT

    

    

    This INDEMNIFICATION AGREEMENT (including Appendices A and B hereto, this “Agreement”) is dated and effective as of [         ] and made by and between IBEX Holdings Limited, an exempted
      company incorporated and existing under the laws of Bermuda with registered number 52347 (the “Company”), and [           ] (“Indemnitee”).  Capitalized terms used but not otherwise defined in the body of this Agreement shall have the
      respective meanings ascribed to such terms in Appendix B hereto.

    

    

    WHEREAS, it is essential to the Company that the Company retain and attract highly experienced and capable persons to serve as directors and Employee Officers of the Company;

    

    

    WHEREAS, highly experienced and capable persons are more reluctant to serve publicly held corporations as directors or in other capacities unless they are provided with adequate protection through
      insurance, indemnification and exculpation against risks of claims and actions against them arising out of their service to and activities on behalf of the corporation; and

    

    

    WHEREAS, it is reasonable, prudent and desirable for the Company, acting in its own best interests as a member of the IBEX group of companies (which group is comprised of the Company and its
      subsidiaries (collectively, the “IBEX Group of Companies” and each, an “IBEX Group Company”)), contractually to obligate itself to indemnify, and, if so requested by Indemnitee, to advance expenses, as provided herein, and contractually
      to provide additional procedural protections to help ensure that such indemnification and expense advancement rights will in fact be available, to the fullest extent permitted under Bermuda law, to Indemnitee in the performance of Indemnitee’s duty
      to the IBEX Group of Companies, especially in light of the Company’s plans for an initial public offering on the NASDAQ Exchange (the “IPO”); and Indemnitee desires to continue to so serve IBEX Group of Companies provided, and on the express
      condition, that he or she is furnished with the indemnity set forth herein;

    

    

    WHEREAS, Indemnitee has agreed to serve and/or continue to serve the Company in a Director or Employee Officer capacity provided that, in light of the potential IPO, Indemnitee is provided the
      protections available under this Agreement, the Company Constitutional Documents (as defined below) and directors’ and officers’ liability insurance coverage, as well as other applicable liability insurance coverage, that is adequate in the present
      circumstances.

    

    

    NOW, THEREFORE, in consideration of the foregoing and the mutual agreements herein contained and intending to be legally bound hereby, and for other good and valuable consideration, including
      Indemnitee’s agreement to serve or to continue to serve as a Director or Employee Officer after the date hereof, the parties hereto agree as follows:

    

    

    1.          Service by Indemnitee.  Indemnitee agrees to serve as a director or Employee Officer, as applicable, of the Company faithfully and to the best of Indemnitee’s ability so long as
      Indemnitee is duly elected or re-elected or appointed or re-appointed and until such time as (i) if Indemnitee serves in the capacity of director, Indemnitee dies, is removed as a director of the Company or resigns or retires as a director of the
      Company; or (ii) if Indemnitee serves in the capacity of Employee Officer, Indemnitee dies, is terminated as an Employee Officer of the Company or resigns or retires as an Employee Officer.  An Indemnitee shall be deemed to be “serving at the request
      of the Company” or to have “served at the request of the Company” (or any similar construction of similar meaning) to the extent such Indemnitee is serving or has served as an officer, director, employee or executive of any IBEX Group Company, and
      Indemnitee shall be deemed to be so serving or have so served without any express (whether written or otherwise) evidence of such request, unless clear evidence to the contrary exists and is provided by the Company.

    

    

    
      
        
 

    

    
    

    

    2.          Advancement of Expenses.  Except as limited by Section 11, to the fullest extent permitted under Bermuda law, all Expenses incurred by Indemnitee in defending against any
      Indemnifiable Proceeding described in Section 3 or 4 in advance of the final disposition of such Indemnifiable Proceeding shall be paid by the Company at the request of Indemnitee.  Such request shall be made pursuant to Article 3 of Appendix A
      hereto (the “Procedural Appendix”).  In addition, Indemnitee’s entitlement to advancement of Expenses shall include those Expenses incurred in connection with any Indemnifiable Proceeding by Indemnitee seeking an adjudication pursuant to
      Article 5 of the Procedural Appendix (including the enforcement of this provision), subject to an undertaking by Indemnitee to reimburse such amounts if so required pursuant to Article 3 of the Procedural Appendix.

    

    

    3.          Indemnification for Proceedings by or in the Name of the Company.

    

    

    (a)          Eligibility.  Except as limited by Section 11, Indemnitee shall be entitled to the indemnification rights provided in this
      Section 3 if Indemnitee, after the effective date hereof, was or is a party or is threatened to be made a party to any Proceeding brought by or in the name of the Company to procure a judgment in the Company’s favor by reason of the fact that
      Indemnitee is or was a director or Employee Officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or fiduciary of any other entity (including another corporation, partnership, joint venture, trust
      or employee benefit plan); or by reason of anything done or not done (or allegedly done or not done) by Indemnitee in any such capacity, whether or not Indemnitee is actually serving in such capacity at the time any liability or Expense is incurred
      for which indemnification or advancement is sought under this Agreement.

    

    

    (b)          Indemnity.  Except as limited by Section 11, pursuant to this Section 3, Indemnitee shall be indemnified to the fullest extent
      permitted under Bermuda law against all judgments, fines, penalties and Expenses incurred by Indemnitee in connection with a Proceeding described in Section 3(a); provided, however, that no such indemnification shall be made in
      respect of any such Proceeding as to which such person shall have been found, in a final and non-appealable judgment of a court of competent jurisdiction, to be liable for fraud or dishonesty in the performance of such Indemnitee’s duty to the
      Company or to such other corporation, partnership, joint venture or employee benefit plan, unless and only to the extent that a court of competent jurisdiction shall determine upon application that, despite the adjudication of liability but in view
      of all the circumstances of the case, Indemnitee is fairly and reasonably entitled to indemnification for such judgments, fines, penalties, and Expenses as such court shall deem proper.

    

    

    
      2

      
        
 

    

    

    

    4.          Indemnification for Proceedings Other than Proceedings by or in the Right of the Company.

    

    

    (a)          Eligibility.  Except as limited by Section 11, Indemnitee shall be entitled to the indemnification rights provided in this
      Section 4 if Indemnitee, after the effective date hereof, was or is a party or is threatened to be made a party to any Proceeding (other than a Proceeding by or in the name of the Company, to which Section 3 above shall apply) by reason of the fact
      that Indemnitee is or was a director or Employee Officer of the Company, or is or was serving at the request of the Company as a director, officer, employee or fiduciary of any other entity (including another corporation, partnership, joint venture,
      trust or employee benefit plan); or by reason of anything done or not done (or allegedly done or not done) by Indemnitee in any such capacity, whether or not Indemnitee is actually serving in such capacity at the time any liability or Expense is
      incurred for which indemnification or advancement is sought under this Agreement.

    

    

    (b)          Indemnity.  Except as limited by Section 11, pursuant to this Section 4, Indemnitee shall be indemnified to the fullest extent
      permitted under Bermuda law against all judgments, fines, penalties, settlements, and Expenses incurred by Indemnitee in connection with a Proceeding described in Section 4(a) other than in respect of any loss or liability which by virtue of any rule
      of law would otherwise attach to Indemnitee in respect of any fraud or dishonesty of which Indemnitee may be guilty in relation to the Company.

    

    

    5.          Reliance as Safe Harbour.  For purposes of any determination hereunder, Indemnitee shall be deemed to have acted honestly and without fraud if Indemnitee’s conduct was based
      primarily on: (i) the records or books of account of the Company or relevant entity, including financial statements, (ii) information supplied to Indemnitee by the Officers of the Company or relevant entity in the course of their duties, (iii) the
      advice of legal counsel for the Company or relevant entity, or (iv) information or records given or reports made to the Company or relevant entity by an independent certified public accountant, or by an appraiser or other ex-pert selected with
      reasonable care by the Company or relevant entity.  The provisions of this Section 5 shall not be deemed to be exclusive or to limit in any way the other circumstances in which Indemnitee may be deemed to have met the relevant standard of conduct set
      forth in this Agreement.

    

    

    6.          Indemnification for Expenses of Successful Party.  Notwithstanding the limitations of Sections 3, 4 or 11(d), to the fullest extent permitted by Bermuda law and whether or not the
      Indemnitee has been successful, on the merits or otherwise, in whole or in part, in defense of any Indemnifiable Proceeding, or in defense of any claim, issue or matter therein (other than in respect of fraud or dishonesty), or if it is determined in
      a final and non-appealable judgment by a court of competent jurisdiction that Indemnitee is otherwise entitled to be indemnified against Expenses, the Company shall indemnify Indemnitee against all Expenses incurred in connection with such
      Indemnifiable Proceeding.

    

    

    7.          Partial Indemnification.  Except as limited by Section 11, if Indemnitee is entitled under any provision of this Agreement to indemnification by the Company for some or a portion of
      the judgments, fines, penalties or Expenses incurred in connection with any Indemnifiable Proceeding, but not, however, for all of the total amount thereof, the Company shall nevertheless indemnify Indemnitee for the portion of such judgments, fines,
      penalties, and Expenses incurred to which Indemnitee is entitled (as determined in accordance with Article 2(e) of the Procedural Appendix).

    

    

    
      3

      
        
 

    

    

    

    8.          Other Rights to Indemnification.  Indemnification and advancement of Expenses provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may
      now or in the future be entitled under (i) any provision of the memorandum of association and bye-laws of the Company (the “Company Governing Documents”), or the governing documents of any other entity served by Indemnitee at the request of
      the Company; (ii) any vote of the shareholders of the Company, the Board of Directors of the Company (the “Company Board”); (iii) any provision of law; (iv) any agreement; (v) any insurance policy or (vi) otherwise.  The Company acknowledges
      and agrees that nothing herein shall be deemed to constitute a waiver by Indemnitee of any such rights.

    

    

    9.          Expenses to Enforce Agreement.  In the event that Indemnitee is subject to or intervenes in any Proceeding in which the validity or enforceability of this Agreement is at issue or
      seeks a Proceeding to enforce Indemnitee’s rights under, or to recover damages for breach of, this Agreement, if Indemnitee prevails in whole or in part in such Proceeding, Indemnitee shall be entitled to recover from the Company and shall be
      indemnified by the Company against any Expenses incurred by Indemnitee in connection with such Proceeding.

    

    

    10.          Continuation of Indemnity.  All agreements and obligations of the Company contained herein shall continue during the period Indemnitee is a director or Employee Officer of the
      Company or is serving at the request of the Company as a director, officer, employee or fiduciary of any other entity (including another corporation, partnership, joint venture, trust or employee benefit plan) and shall continue thereafter with
      respect to any possible claims by reason of the fact that Indemnitee was a director or Employee Officer of the Company or was serving at the request of the Company as a director, officer, employee or fiduciary of any other entity (including another
      corporation, partnership, joint venture, trust or employee benefit plan).  This Agreement shall be binding upon all successors and assigns of the Company and shall inure to the benefit of the heirs, personal representatives and estate of Indemnitee. 
      From and after the effective date of this Agreement, the Company shall require and cause any successor (whether direct or indirect and whether by purchase, merger, consolidation, scheme or arrangement, amalgamation or otherwise), including any person
      or entity who acquires all, substantially all, or a substantial part, of the business and/or assets of the Company, as the case may be, by written agreement, 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.  If such Agreement shall be unenforceable against any such successor, or if the Company Board makes a good faith determination in its discretion that such
      successor is less creditworthy than the Company, then the Company will assign the Agreement to a subsidiary of the Company selected by the Company Board and reasonably satisfactory to Indemnitee, against which subsidiary the Agreement shall then be
      enforceable.

    

    

    
      4

      
        
 

    

    

    

    11.          Limitations on Indemnification and Advancement of Expenses.  The rights of Indemnitee to indemnification and advancement of Expenses under this Agreement shall be as set forth
      herein, except that no indemnification or advancement of Expenses shall be paid hereunder to Indemnitee by the Company:

    

    

    (a)          to the extent expressly prohibited by Bermuda law, other applicable law or a final and non-appealable judgment of a court of competent jurisdiction in respect of fraud
      or dishonesty;

    

    

    (b)          to the extent such indemnification or advancement of Expenses, as applicable, is actually made or then due to Indemnitee (i) under an insurance policy; (ii) under a
      valid and enforceable provision of the Company Governing Documents, or the governing documents of any other entity served by Indemnitee at the request of the Company; (iii) pursuant to an agreement of the Company, to the extent permitted by law, or
      any other entity served by Indemnitee at the request of the Company; or (iv) by the Company, to the extent permitted by law, in its discretion as contemplated by Article 1 of the Procedural Appendix, except, in each case, in respect of any amounts
      indemnifiable hereunder exceeding the payment or payments made under clauses (i) through (iv) of this paragraph; or

    

    

    (c)          except with respect to an Indemnifiable Proceeding pursuant to Sections 4 or 9 above, or Article 5 of the Procedural Appendix, in connection with a Proceeding, or part
      thereof (including claims and counterclaims) initiated by Indemnitee, unless such Proceeding (or part thereof) initiated by Indemnitee was authorized by the Company Board; or

    

    

    (d)          with respect to indemnification for settlements under Section 4(b), settlements made without the Company’s prior written consent, which consent shall not be
      unreasonably withheld.

    

    

    12.          Additional Agreements.

    

    

    The Company shall enter into additional agreements that are substantially similar to this Agreement with each person serving as a director or Employee Officer of the Company from time to time, provided,
      that the Company shall not have any liability, or have any obligation, under this Section 12 to the extent that any such other director or Employee Officer is unable or unwilling to enter into such agreement.

    

    

    13.          Separability.  If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever the validity, legality and
      enforceability of the remaining provisions of this Agreement (including all portions of any paragraphs of this Agreement containing any such provision held to be invalid, illegal or unenforceable that are not by themselves invalid, illegal or
      unenforceable) shall not in any way be affected or impaired thereby.  In the event of any conflict or inconsistency between this Agreement and the provisions of the Company Governing Documents, to the maximum extent permitted by applicable law this
      Agreement shall govern with respect to any Indemnifiable Proceeding to which Indemnitee becomes a party on or after the effective date hereof, and to the maximum extent permitted by applicable law the Company Governing Documents shall govern with
      respect to any Indemnifiable Proceeding to which Indemnitee became a party prior to the effective date hereof.

    

    

    
      5

      
        
 

    

    

    

    14.          Headings; Interpretation.  The headings of the sections 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.  References herein to section numbers are to sections of this Agreement, unless otherwise specified.  All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or
      plural as appropriate.  The word “including” shall be deemed to be followed by the words “without limitation.”

    

    

    15.          Notices.  All notices, requests, demands and other communications under this Agreement shall be in writing and shall be deemed duly given (i) if delivered by hand and receipted for
      by the party addressee, on the date of such receipt; (ii) if mailed by domestic certified or registered mail with postage prepaid, on the third business day after the date postmarked; or (iii) if sent by facsimile transmission and fax confirmation is
      received, on the next business day following the date on which such facsimile transmission was sent.  Addresses for notice to either party are as shown on the signature page of this Agreement, or as subsequently modified by written notice to the
      other party as provided in this Section.

    

    

    16.          Governing Law; Consent to Jurisdiction.

    

    

    (a)          This Agreement shall be interpreted and enforced in accordance with the laws of Bermuda.

    

    

    (b)          The Company and Indemnitee hereby irrevocably and unconditionally: (i) agree that any Proceeding arising out of or in connection with this Agreement shall be brought
      only in the Supreme Court of Bermuda (the “Bermuda Court”), and not in any court in any other country; (ii) consent to submit to the exclusive jurisdiction of the Bermuda Court for purposes of any Proceeding arising out of or in connection
      with this Agreement; (iii) waive any objection to the laying of venue of any such Proceeding in the Bermuda Court, and (iv) waive, and agree not to plead or to make, any claim that any such Proceeding brought in the Bermuda Court has been brought in
      an improper or inconvenient forum.

    

    

    17.          Other Provisions.

    

    

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

    

    

    (b)          Nothing contained in this Agreement shall confer upon Indemnitee (including, for the avoidance of doubt, any Employee Officer) any right with respect to the
      continuation of Indemnitee’s employment with, or provision of services for, any entity within the IBEX Group of Companies, as applicable, or interfere in any way with the right of any entity within the IBEX Group of Companies, as applicable, at any
      time to terminate such employment or services for any reason, with or without cause, and with or without severance, except as may be otherwise provided in a separate written contract between Indemnitee and any entity within the IBEX Group of
      Companies.

    

    

    
      6

      
        
 

    

    

    

    (c)          Upon a payment to Indemnitee under this Agreement, the Company shall be subrogated to the extent of such payment to all of the rights of Indemnitee to recover against
      any person for such liability, and Indemnitee shall execute all documents and instruments required and shall take such other actions as may be necessary to secure such rights, including the execution of such documents as may be necessary for the
      Company to bring suit to enforce such rights.

    

    

    (d)          No supplement, modification, amendment or termination of this Agreement shall be binding unless executed in writing by all 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 and no waiver will be effective unless it is in writing and signed
      by the waiving party.

    

    

    (e)          The parties hereto agree that Appendices A and B hereto form an integral part of this Agreement with respect to the subject matter hereof.

    

    

    (f)          Unless otherwise specified, references to the term “Section” are references to the Sections of this Agreement, and references to the term “Article” are references to
      the Articles of the Procedural Appendix.

    

    

    [Signature page follows.]

    

    

    
      7

      
        
 

    

    

    

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

    

    

    	 	
            IBEX HOLDINGS LIMITED

          
	 	 
	 	
            By:

          	 
	 	 	
            Name:

          	 
	 	 	
            Title:

          	 
	 	 
	 	 	
            Address:

          	 
	 	 	 	 
	 	 	 	 

    

    

    Agreed and accepted as of the date hereof:

    

    

    	
            INDEMNITEE

          	 
	 	 
	
            By:

          	 	 
	 	
            Name:

          	 	 
	 	
            Title:

          	 	 
	 	 
		
            Address: 

          	 	 
	 	 	 	 
	 	 	 	 

    

    

    In the presence of:

     

    	 	 	 	 
	 	
            Name:

          	 	 
	 	 
		
            Address:

          	 	 
	 	 	 	 
	 	 	 	 

    

    

    

    

    
      8

      
        
 

    

    
    

    

    Appendix A

    

    

    Certain Procedural Provisions

    

    

    Article 1.          Request for Company to Provide Indemnification.

    

    

    (a)          To receive indemnification under this Agreement Indemnitee must submit a written request to the Secretary of the Company to provide such indemnification.  Such request shall include (i)
      documentation or information reasonably available to Indemnitee that provides a reasonably detailed description of the facts and circumstances of the request for indemnification, and (ii) Indemnitee’s selection of the Determining Party under Article
      1(b).

    

    

    (b)          Upon receipt of a request made pursuant to Article 1(a), the entitlement of Indemnitee to indemnification under this Agreement shall be determined by one of the following parties, as
      selected by Indemnitee in his or her sole discretion (such party, the “Determining Party”): (i) the Company Board by a majority vote of Disinterested Directors, or (ii) by Independent Counsel in a written opinion to the Company Board, a copy
      of which shall be delivered to Indemnitee.  In the event no Disinterested Director exists to constitute the Determining Party, Independent Counsel shall be the Determining Party.  The Determining Party shall make the determination as to the
      entitlement of Indemnitee to indemnification under this Agreement not later than 45 calendar days after receipt by the Company of a request made pursuant to Article 1(a) or, if Independent Counsel acts as the Determining Party, within 45 calendar
      days of agreement on the identity of such Independent Counsel.

    

    

    (c)          In the event that a determination is made by the Company Board that Indemnitee is not entitled to indemnification by the Company hereunder, Indemnitee shall be entitled to seek a
      determination by Independent Counsel of Indemnitee’s entitlement to indemnification.  Independent Counsel shall within 45 calendar days of agreement on the identity of such Independent Counsel provide a determination as to the entitlement of
      Indemnitee to indemnification under this Agreement in a written opinion to the Company Board, a copy of which shall be delivered to Indemnitee.  Such determination by Independent Counsel shall be made de novo
      and Indemnitee shall not be prejudiced by reason of the determination by the Company Board that Indemnitee is not entitled to indemnification.  The Company shall not oppose Indemnitee’s right to seek any such determination of Independent Counsel.  If
      a determination is made by Independent Counsel that Indemnitee is entitled to indemnification, the Company shall be bound by such determination and shall be precluded from asserting that such determination has not been made or that the procedure by
      which such determination was made is not valid, binding and enforceable.  Any determination of Independent Counsel under this Article 1(c) shall be the final determination of entitlement to indemnification under this Article 1, subject to Article 4
      of this Procedural Appendix.

    

    

    (d)          Any Independent Counsel selected for purposes of Article 1(b) or Article 1(c) shall be selected by the Company and approved by Indemnitee (such approval not to be unreasonably withheld,
      conditioned or delayed), except that in the event that a Change in Control has occurred, any Independent Counsel shall be selected by Indemnitee.  Upon failure of the Company to so select such Independent Counsel or upon failure of Indemnitee to so
      approve (or to so select, in the event that a Change in Control has occurred), such Independent Counsel shall be selected upon application to a court of competent jurisdiction.

    

    

    
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    (e)          If the Determining Party (including, for purposes of this Article 1(e), Independent Counsel selected under Article 1(c)) determines that Indemnitee is entitled to indemnification as to
      part (but not all) of the application for indemnification, such person shall reasonably allocate such partial indemnification among the claims, issues or matters at issue at the time of the determination.

    

    

    (f)          Any Expenses incurred by Indemnitee in connection with a request for indemnification or payment of Expenses hereunder, under any other agreement with the Company, any provision of the
      Company Governing Documents or any directors’ and officers’ liability insurance, shall be borne by the Company.  The Company shall indemnify Indemnitee for any such amounts referred to in the immediately preceding sentence and agrees to hold
      Indemnitee harmless therefrom irrespective of the outcome of the determination of Indemnitee’s entitlement to indemnification.

    

    

    (g)          Notwithstanding anything to the contrary contained in this Article 1, it is understood that no such determination pursuant to Article 1 of this Procedural Appendix shall be required with
      respect to Indemnitee’s entitlement to indemnification pursuant to Section 9 of this Agreement, Article 1(f) of this Procedural Appendix, or the last sentence of Article 4 of this Procedural Appendix.

    

    

    Article 2.          Request for Company to Provide Advancement of Expenses.  To receive advancement of Expenses under this Agreement, Indemnitee shall submit a written request to the Secretary
      of the Company.  Such request shall reasonably evidence the Expenses incurred by Indemnitee and shall include or be accompanied by an undertaking, by or on behalf of Indemnitee, to reimburse such amounts to the Company if it is determined in a final
      and non-appealable judgment of a court of competent jurisdiction that Indemnitee is not entitled to be indemnified against such Expenses by the Company as provided by this Agreement or otherwise.  Indemnitee’s undertaking to reimburse any such
      amounts shall not be required to be secured and shall be interest free, subject to Section 11 of this Agreement.  Each payment of Expenses by the Company shall be made within 10 calendar days after the receipt by the Company of a valid written
      request for advancement of Expenses.

    

    

    Article 3.          Effect of Certain Proceedings.

    

    

    (a)          In making a determination with respect to entitlement to indemnification hereunder, the Determining Party shall, to the fullest extent permitted by Bermuda law, presume that Indemnitee is
      entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Article 1 of this Procedural Appendix, and the Company shall, to the fullest extent permitted by Bermuda law, have the
      burden of proof to overcome the presumption that Indemnitee is entitled to indemnification hereunder in connection with any determination to the contrary made pursuant to Article 1 of this Procedural Appendix.

    

    

    (b)          If the Determining Party of this Procedural Appendix shall have failed to make the requested determination within 45 calendar days pursuant to Article 1(b), a requisite determination of
      entitlement to indemnification shall be deemed to have been irrevocably made and Indemnitee shall be absolutely entitled to such indemnification, absent (i) fraud in the request for indemnification or (ii) a prohibition on such indemnification under
      Bermuda law; provided, however, that such 45-day period may be extended for a reasonable period of time, not to exceed an additional 45 days, if the Determining Party shall in good faith require such additional time to obtain or
      evaluate documentation and/or information relating to such determination and shall have provided written notice to Indemnitee within the initial 45-day period of such need for an extension of time.

    

    

    
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    (c)          The termination of any Indemnifiable Proceeding described in Sections 3 or 4 of this Agreement by judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent, shall not in and of itself adversely affect the rights of Indemnitee to indemnification by the Company except as otherwise provided herein.

    

    

    Article 4.          Effect of Determination Whether to Indemnify or to Advance Expenses.  In the event that a determination is made that Indemnitee is not entitled to indemnification by the
      Company hereunder or if payment has not been timely made following a determination of entitlement to indemnification pursuant to Articles 1 or 3 of this Procedural Appendix, or if Expenses are not paid pursuant to Article 2  of this Procedural
      Appendix, Indemnitee shall be entitled to seek final adjudication in a court of competent jurisdiction of entitlement to such indemnification or payment of Expenses.  The determination in any such judicial Proceeding shall be made de novo and Indemnitee shall not be prejudiced by reason of a determination (if so made) pursuant to Articles 1 or 3 of this Procedural Appendix that Indemnitee is not entitled to indemnification.  The Company
      shall not oppose Indemnitee’s right to seek any such adjudication or any other claim.  If a determination is made or deemed to have been made pursuant to the terms of Articles 1 or 3 of this Procedural Appendix that Indemnitee is entitled to
      indemnification, the Company shall be bound by such determination and shall be precluded from asserting that such determination has not been made or that the procedure by which such determination was made is not valid, binding and enforceable.  The
      Company further agrees to stipulate in any such court that the Company is bound by all the provisions of this Agreement and is precluded from making any assertions to the contrary.  If such court shall determine that Indemnitee is entitled to any
      indemnification or payment of Expenses hereunder, the Company shall also pay all Expenses incurred by Indemnitee in connection with such adjudication (including any appellate Proceedings).

    

    

    Article 5.          Notification and Defense of Claim.  Promptly after receipt by Indemnitee of notice of any Indemnifiable Proceeding, Indemnitee shall, if a claim in respect of such
      Proceeding is to be made against the Company under this Agreement, notify the Company in writing of the commencement of such Indemnifiable Proceeding; but the omission to so notify the Company shall not relieve the Company from any liability that it
      may have to Indemnitee.  Notwithstanding any other provision of this Agreement, with respect to any such Proceeding of which Indemnitee notifies the Company, the Company shall be entitled to participate therein at its own expense.

    

    

    Article 6.          Notice to Insurers.  If, at the time of the receipt of a notice of a Indemnifiable Proceeding pursuant to Articles 1 or 2 of this Procedural Appendix, the Company has
      directors’ and officers’ liability insurance in effect, the Company shall give prompt notice of the commencement of such Proceeding to the insurers in accordance with the procedures set forth in the respective policies.

    

    

    
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    Appendix B

    

    

    Certain Definitions

    

    

    “Change in Control” means a change in control of the Company occurring after the date of this Agreement of a nature that would be required to be reported in response to Item 5.01 of Current
      Report on Form 8-K (or in response to any similar item on any similar schedule or form) promulgated under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) whether or not the Company is then subject to such reporting
      requirement; provided, however, that, without limitation, a Change in Control shall be deemed to have occurred if after the date of this Agreement (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act
      ) becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing (or which upon settlement, exercise or conversion pursuant to their terms would represent) thirty
      percent (30%) or more of the combined voting power of the Company’s then-outstanding voting securities without the prior approval of at least two-thirds of the members of the Company Board in office immediately prior to such person attaining such
      percentage; (ii) the Company consummates a merger, consolidation, sale of assets or other reorganization as a consequence of which members of the Company Board in office immediately prior to entry into the agreement providing for such transaction
      constitute less than a majority of the Company Board upon completion of such transaction; or (iii) during any period of two consecutive years, individuals who at the beginning of such period constituted the Company Board (including for this purpose
      any new member of the Company Board whose election or nomination for election by the Company’s shareholders was approved by a vote of at least two-thirds of the members of the Company Board then still in office who were members of the Company Board
      at the beginning of such period and such approval was not in connection with an actual or threatened proxy contest) cease for any reason to constitute at least a majority of the Company Board, other than through the exercise by The Resource Group
      International Limited (or its affiliates) of any right to appoint and/or remove directors pursuant to the Bye-Laws of the Company.

    

    

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

    

    

    “Employee Officer” means an “officer” (as such term is used under Section 2(1) of the Bermuda Companies Act 1981, as amended) who is an employee of the Company, which, for the avoidance of
      doubt, shall not be deemed to include auditors, liquidators, or other advisors of the Company.

    

    

    “Expenses” includes costs, charges and expenses incurred in connection with the defense or settlement of any Proceeding, and appeals, attorneys’ and other advisors’ fees and expenses
      (including retainers and disbursements and advances thereon), witness fees and expenses, expenses relating to any bond, and any expenses relating to establishing a right to indemnification or advancement hereunder, but shall not include the amount of
      judgments, penalties, fines or amounts paid in settlement.

    

    

    
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    “Indemnifiable Proceeding” means any Proceeding of the type described in Sections 3, 4 or 9 of this Agreement, or Article 5 of the Procedural Appendix and any Proceeding approved by the
      Company Board for such purpose, as contemplated by Section 11(c) of this Agreement.

    

    

    “Independent Counsel” means a law firm or a member of a law firm that at the relevant time is not, and for the prior five years has not been, retained to represent: (i) the Company or
      Indemnitee (or their respective affiliates) in any matter material to any such party, or (ii) any other party to the Indemnifiable Proceeding (or their respective affiliates) giving rise to a claim for indemnification hereunder.  Notwithstanding the
      foregoing, the term “Independent Counsel” shall not include any person who, under the applicable standards of professional conduct then prevailing, would have a conflict of interest in representing the Company or Indemnitee in a Proceeding to
      determine Indemnitee’s right to indemnification under this Agreement.

    

    

    “Proceeding” includes any actual, threatened, pending or completed investigation, action, suit or other proceeding, whether of a civil, criminal, administrative, arbitral, mediative,
      investigative, legislative or other nature.

    

    

    

  

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