Document:

Exhibit 10.6

 

INDEMNIFICATION AGREEMENT

 

This INDEMNIFICATION AGREEMENT
(this “Agreement”) is made as of _________, 20__, by and between Tivic Health Systems, Inc., a Delaware
corporation (the “Company”), and __________ (“Indemnitee”).

 

RECITALS

 

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

 

WHEREAS,
the board of directors of the Company (the “Board”) has determined that, in order to attract and retain qualified
individuals, the Company will attempt to maintain on an ongoing basis, at its sole expense, liability insurance to protect persons serving
the Company and its subsidiaries from certain liabilities;

 

WHEREAS,
directors, officers and other persons in service to corporations or business enterprises are being increasingly subjected to expensive
and time-consuming litigation relating to, among other things, matters that traditionally would have been brought only against the Company
or business enterprise itself;

 

WHEREAS,
the Certificate of Incorporation (the “Charter”) and the Bylaws (the “Bylaws”) of
the Company, require indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification
pursuant to applicable provisions of the Delaware General Corporation Law (“DGCL”). The Charter, Bylaws and
the DGCL expressly provide that the indemnification provisions set forth therein are not exclusive, and thereby contemplate that contracts
may be entered into between the Company and members of the Board, officers and other persons with respect to indemnification, hold harmless,
exoneration, advancement and reimbursement rights;

 

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

 

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

 

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

 

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

 

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

 

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

 

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TERMS AND CONDITIONS

 

1. SERVICES TO THE
COMPANY. Indemnitee will serve or continue to serve as an officer, director, advisor, key employee or in any other capacity of
the Company, as applicable, for so long as Indemnitee is duly elected or appointed or retained or until Indemnitee tenders Indemnitee’s
resignation or until Indemnitee is removed. The foregoing notwithstanding, this Agreement shall continue in full force and effect after
Indemnitee has ceased to serve as a director, officer, advisor, key employee or in any other capacity of the Company, in each case as
provided in Section 16. This Agreement, however, shall not impose any obligation on Indemnitee or the Company to continue Indemnitee’s
service to the Company beyond any period otherwise required by law or by other agreements or commitments of the parties, if any.

 

2. DEFINITIONS.
As used in this Agreement:

 

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

 

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

 

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

 

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

 

(ii)  Change
in Board of Directors. Individuals who, as of the date hereof, constitute the Board, and any new director whose election by the Board
or nomination for election by the Company’s stockholders was approved by a vote of at least three fifths (3/5) of the directors
then still in office who were directors on the date hereof or whose election for nomination for election was previously so approved (collectively,
the “Continuing Directors”), cease for any reason to constitute at least a majority of the members of the Board;

 

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

 

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

 

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

 

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

 

(e) “Delaware
Court” shall mean the Court of Chancery of the State of Delaware.

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

7.  ADDITIONAL
INDEMNIFICATION, HOLD HARMLESS AND EXONERATION RIGHTS. Notwithstanding any limitation in Sections 3, 4, or 5, the Company shall, to
the fullest extent permitted by applicable law, indemnify, hold harmless and exonerate Indemnitee if Indemnitee is a party to or threatened
to be made a party to any Proceeding (including a Proceeding by or in the right of the Company to procure a judgment in its favor) against
all Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement (including all interest, assessments and other charges
paid or payable in connection with or in respect of such Expenses, judgments, liabilities, fines, penalties and amounts paid in settlement)
actually and reasonably incurred by Indemnitee in connection with the Proceeding. No indemnification, hold harmless or exoneration rights
shall be available under this Section 7 on account of Indemnitee’s conduct which constitutes a breach of Indemnitee’s
duty of loyalty to the Company or its stockholders or is an act or omission not in good faith or which involves intentional misconduct
or a knowing violation of the law.

 

8. CONTRIBUTION IN
THE EVENT OF JOINT LIABILITY.

 

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

 

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

 

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

 

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9. ADVANCES OF EXPENSES;
DEFENSE OF CLAIM.

 

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

 

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

 

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

 

10. PROCEDURE FOR
NOTIFICATION AND APPLICATION FOR INDEMNIFICATION.

 

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

 

(b)  Indemnitee may deliver
to the Company a written application to indemnify, hold harmless or exonerate Indemnitee in accordance with this Agreement. Such application(s) may
be delivered from time to time and at such time(s) as Indemnitee deems appropriate in his or her sole discretion. Following such
a written application for indemnification by Indemnitee, Indemnitee’s entitlement to indemnification shall be determined according
to Section 11(a) of this Agreement.

 

11. PROCEDURE UPON
APPLICATION FOR INDEMNIFICATION.

 

(a)  A determination,
if required by applicable law, with respect to Indemnitee’s entitlement to indemnification shall be made in the specific case
by one of the following methods: (i) if no Change in Control has occurred (x) by a majority vote of the Disinterested
Directors, even though less than a quorum of the Board, (y) by a committee of Disinterested Directors, even though less than a
quorum of the Board, or (z) if there are no Disinterested Directors, or if such Disinterested Directors so direct, by
Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee; or (ii) if a Change in
Control has occurred, by Independent Counsel in a written opinion to the Board, a copy of which shall be delivered to Indemnitee.
The Company promptly will advise Indemnitee in writing with respect to any determination that Indemnitee is or is not entitled to
indemnification, including a description of any reason or basis for which indemnification has been denied. If it is so determined
that Indemnitee is entitled to indemnification, payment to Indemnitee shall be made within ten (10) days after such
determination. Indemnitee shall reasonably cooperate with the person, persons or entity making such determination with respect to
Indemnitee’s entitlement to indemnification, including providing to such person, persons or entity upon reasonable advance
request any documentation or information which is not privileged or otherwise protected from disclosure and which is reasonably
available to Indemnitee and reasonably necessary to such determination. Any costs or Expenses (including reasonable attorneys’
fees and disbursements) incurred by Indemnitee in so cooperating with the person, persons or entity making such determination shall
be borne by the Company (irrespective of the determination as to Indemnitee’s entitlement to indemnification) and the Company
hereby agrees to indemnify and to hold Indemnitee harmless therefrom.

 

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(b)  In the event the determination
of entitlement to indemnification is to be made by Independent Counsel pursuant to Section 11(a) hereof, the Independent Counsel
shall be selected as provided in this Section 11(b). The Independent Counsel shall be selected by Indemnitee (unless Indemnitee shall
request that such selection be made by the Board), and Indemnitee shall give written notice to the Company advising it of the identity
of the Independent Counsel so selected and certifying that the Independent Counsel so selected meets the requirements of “Independent
Counsel” as defined in Section 2 of this Agreement. If the Independent Counsel is selected by the Board, the Company shall
give written notice to Indemnitee advising Indemnitee of the identity of the Independent Counsel so selected and certifying that the Independent
Counsel so selected meets the requirements of “Independent Counsel” as defined in Section 2 of this Agreement. In either
event, Indemnitee or the Company, as the case may be, may, within ten (10) days after such written notice of selection shall
have been received, deliver to the Company or to Indemnitee, as the case may be, a written objection to such selection; provided, however,
that such objection may be asserted only on the ground that the Independent Counsel so selected does not meet the requirements of “Independent
Counsel” as defined in Section 2 of this Agreement, and the objection shall set forth with particularity the factual basis
of such assertion. Absent a proper and timely objection, the person so selected shall act as Independent Counsel. If such written objection
is so made and substantiated, the Independent Counsel so selected may not serve as Independent Counsel unless and until such objection
is withdrawn or a court of competent jurisdiction has determined that such objection is without merit. If, within twenty (20) days after
submission by Indemnitee of a written request for indemnification pursuant to Section 10(b) hereof, no Independent Counsel shall
have been selected and not objected to, either the Company or Indemnitee may petition the Delaware Court for resolution of any objection
which shall have been made by the Company or Indemnitee to the other’s selection of Independent Counsel and/or for the appointment
as Independent Counsel of a person selected by the Delaware Court, and the person with respect to whom all objections are so resolved
or the person so appointed shall act as Independent Counsel under Section 11(a) hereof. Upon the due commencement of any judicial
proceeding or arbitration pursuant to Section 13(a) 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).

 

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

 

12. PRESUMPTIONS AND
EFFECT OF CERTAIN PROCEEDINGS.

 

(a)  In making a determination
with respect to entitlement to indemnification hereunder, the person, persons or entity making such determination shall presume that Indemnitee
is entitled to indemnification under this Agreement if Indemnitee has submitted a request for indemnification in accordance with Section 10(b) of
this Agreement, and the Company shall have the burden of proof to overcome that presumption in connection with the making by any person,
persons or entity of any determination contrary to that presumption. Neither the failure of the Company (including by the Disinterested
Directors or Independent Counsel) to have made a determination prior to the commencement of any action pursuant to this Agreement that
indemnification is proper in the circumstances because Indemnitee has met the applicable standard of conduct, nor an actual determination
by the Company (including by the Disinterested Directors or Independent Counsel) that Indemnitee has not met such applicable standard
of conduct, shall be a defense to the action or create a presumption that Indemnitee has not met the applicable standard of conduct.

 

(b)  If the person,
persons or entity empowered or selected under Section 11 of this Agreement to determine whether Indemnitee is entitled to
indemnification shall not have made a determination within thirty (30) days after receipt by the Company of the request therefor,
the requisite determination of entitlement to indemnification shall, to the fullest extent permitted by law, be deemed to have been
made and Indemnitee shall be entitled to such indemnification, absent (i) a misstatement by Indemnitee of a material fact, or
an omission of a material fact necessary to make Indemnitee’s statement not materially misleading, in connection with the
request for indemnification, or (ii) a final judicial determination that any or all such indemnification is expressly
prohibited under applicable law; provided, however, that such 30-day period may be extended for a reasonable time, not to exceed an
additional fifteen (15) days, if the person, persons or entity making the determination with respect to entitlement to
indemnification in good faith requires such additional time for the obtaining or evaluating of documentation and/or information
relating thereto.

 

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

 

(d)  For purposes of any
determination of good faith, Indemnitee shall be deemed to have acted in good faith if Indemnitee’s action is based on the
records or books of account of the Enterprise, including financial statements, or on information supplied to Indemnitee by the directors,
trustees, general partners, managers or managing members of the Enterprise in the course of their duties, or on the advice of legal counsel
for the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or managing member of the
Enterprise, or on information or records given or reports made to the Enterprise, its Board, any committee of the Board or any director,
trustee, general partner, manager or managing member of the Enterprise, by an independent certified public accountant or by an appraiser
or other expert selected by the Enterprise, its Board, any committee of the Board or any director, trustee, general partner, manager or
managing member. The provisions of this Section 12(d) shall not be deemed to be exclusive or to limit in any way the other circumstances
in which Indemnitee may be deemed or found to have met the applicable standard of conduct set forth in this Agreement.

 

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

 

13. REMEDIES OF INDEMNITEE.

 

(a)  In the event that
(i) a determination is made pursuant to Section 11 of this Agreement that Indemnitee is not entitled to indemnification under
this Agreement, (ii) advancement of Expenses, to the fullest extent permitted by applicable law, is not timely made pursuant to Section 9
of this Agreement, (iii) no determination of entitlement to indemnification shall have been made pursuant to Section 11(a) of
this Agreement within thirty (30) days after receipt by the Company of the request for indemnification, (iv) payment of indemnification
is not made pursuant to Section 5, 6, 7 or the last sentence of Section 11(a) of this Agreement within ten (10) days
after receipt by the Company of a written request therefor, (v) a contribution payment is not made in a timely manner pursuant to
Section 8 of this Agreement, (vi) payment of indemnification pursuant to Section 3 or 4 of this Agreement is not made within
ten (10) days after a determination has been made that Indemnitee is entitled to indemnification, or (vii) payment to Indemnitee
pursuant to any hold harmless or exoneration rights under this Agreement or otherwise is not made in accordance with this Agreement, Indemnitee
shall be entitled to an adjudication by the Delaware Court to such indemnification, hold harmless, exoneration, contribution or advancement
rights. Alternatively, Indemnitee, at Indemnitee’s option, may seek an award in arbitration to be conducted by a single arbitrator
pursuant to the Commercial Arbitration Rules and Mediation Procedures of the American Arbitration Association. Except as set forth
herein, the provisions of Delaware law (without regard to its conflict of laws rules) shall apply to any such arbitration. The Company
shall not oppose Indemnitee’s right to seek any such adjudication or award in arbitration.

 

(b)  In the event that
a determination shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is not entitled to indemnification,
any judicial proceeding or arbitration commenced pursuant to this Section 13 shall be conducted in all respects as a de novo trial,
or arbitration, on the merits and Indemnitee shall not be prejudiced by reason of that adverse determination.

 

(c)  In any judicial
proceeding or arbitration commenced pursuant to this Section 13, Indemnitee shall be presumed to be entitled to be
indemnified, held harmless, and exonerated and to receive advancement of Expenses under this Agreement and the Company shall have
the burden of proving Indemnitee is not entitled to be indemnified, held harmless, and exonerated and to receive advancement of
Expenses, as the case may be, and the Company may not refer to or introduce into evidence any determination pursuant to
Section 11(a) of this Agreement adverse to Indemnitee for any purpose. If Indemnitee commences a judicial proceeding or
arbitration pursuant to this Section 13, Indemnitee shall not be required to reimburse the Company for any advances
pursuant to Section 9 until a final determination is made with respect to Indemnitee’s entitlement to indemnification (as
to which all rights of appeal have been exhausted or lapsed).

 

    8

     

    

 

(d)  If a determination
shall have been made pursuant to Section 11(a) of this Agreement that Indemnitee is entitled to indemnification, the Company
shall be bound by such determination in any judicial proceeding or arbitration commenced pursuant to this Section 13, absent (i) a
misstatement by Indemnitee of a material fact, or an omission of a material fact necessary to make Indemnitee’s statement not materially
misleading, in connection with the request for indemnification, or (ii) a prohibition of such indemnification under applicable law.

 

(e)  The Company shall
be precluded from asserting in any judicial proceeding or arbitration commenced pursuant to this Section 13 that the procedures and
presumptions of this Agreement are not valid, binding and enforceable and shall stipulate in any such court or before any such arbitrator
that the Company is bound by all the provisions of this Agreement.

 

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

 

(g)  Interest shall be
paid by the Company to Indemnitee at the legal rate under Delaware law for amounts which the Company indemnifies, holds harmless or exonerates,
or advances, or is obliged to indemnify, hold harmless or exonerate or advance for the period commencing with the date on which Indemnitee
requests indemnification, to be held harmless, exonerated, contribution, reimbursement or advancement of any Expenses and ending with
the date on which such payment is made to Indemnitee by the Company.

 

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

 

15. NON-EXCLUSIVITY;
SURVIVAL OF RIGHTS; INSURANCE; SUBROGATION.

 

(a)  The rights of
Indemnitee as provided by this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may at any time be
entitled under applicable law, the Charter, the Bylaws, any agreement, a vote of stockholders or a resolution of directors, or
otherwise. No amendment, alteration or repeal of this Agreement or of any provision hereof shall limit or restrict any right of
Indemnitee under this Agreement in respect of any Proceeding (regardless of when such Proceeding is first threatened, commenced or
completed) or claim, issue or matter therein arising out of, or related to, any action taken or omitted by such Indemnitee in
Indemnitee’s Corporate Status prior to such amendment, alteration or repeal. To the extent that a change in applicable law,
whether by statute or judicial decision, permits greater indemnification, hold harmless or exoneration rights or advancement of
Expenses than would be afforded currently under the Charter, the Bylaws or this Agreement, it is the intent of the parties hereto
that Indemnitee shall enjoy by this Agreement the greater benefits so afforded by such change. No right or remedy herein conferred
is intended to be exclusive of any other right or remedy, and every other right and remedy shall be cumulative and in addition to
every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or
employment of any right or remedy hereunder, or otherwise, shall not prevent the concurrent assertion or employment of any other
right or remedy.

 

    9

     

    

 

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

 

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

 

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

 

(e)  The Company’s
obligation to indemnify, hold harmless, exonerate or advance Expenses hereunder to Indemnitee who is or was serving at the request of
the Company as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent of any other Enterprise shall
be reduced by any amount Indemnitee has actually received as indemnification, hold harmless or exoneration payments or advancement of
expenses from such Enterprise. Notwithstanding any other provision of this Agreement to the contrary except for Section 25, (i) Indemnitee
shall have no obligation to reduce, offset, allocate, pursue or apportion any indemnification, hold harmless, exoneration, advancement,
contribution or insurance coverage among multiple parties possessing such duties to Indemnitee prior to the Company’s satisfaction
and performance of all its obligations under this Agreement, and (ii) the Company shall perform fully its obligations under this
Agreement without regard to whether Indemnitee holds, may pursue or has pursued any indemnification, advancement, hold harmless, exoneration,
contribution or insurance coverage rights against any person or entity other than the Company.

 

16.  DURATION
OF AGREEMENT. All agreements and obligations of the Company contained herein shall continue during the period Indemnitee serves as
a director or officer of the Company or as a director, officer, trustee, partner, manager, managing member, fiduciary, employee or agent
of any other corporation, partnership, joint venture, trust, employee benefit plan or other Enterprise which Indemnitee serves at the
request of the Company and shall continue thereafter so long as Indemnitee shall be subject to any possible Proceeding (including any
rights of appeal thereto and any Proceeding commenced by Indemnitee pursuant to Section 13 of this Agreement) by reason of Indemnitee’s
Corporate Status, whether or not Indemnitee is acting in any such capacity at the time any liability or expense is incurred for which
indemnification or advancement can be provided under this Agreement.

 

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

 

    10

     

    

 

18. ENFORCEMENT AND
BINDING EFFECT.

 

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

 

(b)  Without limiting any
of the rights of Indemnitee under the Charter or Bylaws as they may be amended from time to time, this Agreement constitutes the entire
agreement between the parties hereto with respect to the subject matter hereof and supersedes all prior agreements and understandings,
oral, written and implied, between the parties hereto with respect to the subject matter hereof, including any forms of indemnification
agreement entered into by and between Company and Indemnitee prior to the date hereof.

 

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

 

(d)  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.

 

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

 

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

 

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

 

    11

     

    

 

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

 

(b) If to the Company, to:

 

Tivic Health Systems, Inc.

750 Menlo Avenue, Suite 200

Menlo Park, CA 94025

Attention: Jennifer Ernst, Chief Executive Officer

 

With a copy, which shall not constitute notice, to

 

Procopio, Cory, Hargreaves & Savitch LLP

1117 California Avenue, Suite 200

Palo Alto, California 94304

Attn: Roger C. Rappoport

Christopher L. Tinen

 

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

 

21.  APPLICABLE
LAW AND CONSENT TO JURISDICTION. This Agreement and the legal relations among the parties shall be governed by, and construed and
enforced in accordance with, the laws of the State of Delaware, without regard to its conflict of laws rules. Except with respect to any
arbitration commenced by Indemnitee pursuant to Section 13(a) of this Agreement, to the fullest extent permitted by law, the
Company and Indemnitee hereby irrevocably and unconditionally: (a) agree that any action or proceeding arising out of or in connection
with this Agreement shall be brought only in the Delaware Court and not in any other state or federal court in the United States of America
or any court in any other country; (b) consent to submit to the exclusive jurisdiction of the Delaware Court for purposes of any
action or proceeding arising out of or in connection with this Agreement; (c) waive any objection to the laying of venue of any such
action or proceeding in the Delaware Court; and (d) waive, and agree not to plead or to make, any claim that any such action or proceeding
brought in the Delaware Court has been brought in an improper or inconvenient forum, or is subject (in whole or in part) to a jury trial.
To the fullest extent permitted by law, the parties hereby agree that the mailing of process and other papers in connection with any such
action or proceeding in the manner provided by Section 20 or in such other manner as may be permitted by law, shall be valid and
sufficient service thereof.

 

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

 

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

 

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

 

25.  ADDITIONAL
ACTS. If for the validation of any of the provisions in this Agreement any act, resolution, approval or other procedure is required
to the fullest extent permitted by law, the Company undertakes to cause such act, resolution, approval or other procedure to be affected
or adopted in a manner that will enable the Company to fulfill its obligations under this Agreement.

 

    12

     

    

 

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

 

[Signature Page Follows]

 

    13

     

    

 

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

 

	 	TIVIC HEALTH SYSTEMS, INC.
	 	 
	 	By:	 
	 	 	Name:	Jennifer Ernst
	 	 	Title:	Chief Executive Officer
	 	 	 
	 	INDEMNITEE
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Address:	 

 

[Signature Page to Indemnification Agreement]

 

    14Exhibit 10.10

 

CERTAIN INFORMATION, IDENTIFIED BY [*****],
HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH (I) NOT MATERIAL, AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO THE COMPANY IF
PUBLICLY DISCLOSED

  

MASTER SERVICES
AGREEMENT

 

This Master Services Agreement (“Agreement”),
including all Exhibits and Appendices, is made and entered into as of the date shown on the last page of this Agreement (“Effective
Date”) by and between Extron Logistics LLC with offices at 496 S. Abbott Ave, Milpitas, CA, 95035 (“Extron Logistics LLC”
or “Extron”) and its affiliated entities and Tivic Health Systems, Inc. (“Client”).

 

In
consideration of the mutual promises and the terms, conditions and covenants of this Agreement, the parties hereby agree as follows:

 

		1.	Scope.

 

1.1.           
Scope. This Agreement sets forth the general business terms, conditions and provisions pursuant to which Extron shall, on behalf
of Client: (a) receive and warehouse certain inventory owned by Client; (b) manufacture certain products utilizing Client’s inventory
held by Extron; (c) perform device validation and quality control services; (d) perform logistics services; and (e) perform such other
services set forth in a Statement of Work executed by both Extron and Client (collectively the “Services”). Additional terms
regarding each program or product purchased or provided under this Agreement are set forth in one or more Pricelist(s), Statement(s) of
Work and Service Level Agreement(s) and change order(s) thereto which will be executed by the parties from time to time during the term
of this Agreement. No Statement of Work, Service Level Agreement, or change order shall be valid unless signed by both Extron and Client.

 

1.2.              
Arrangement. Nothing in this Agreement should be construed to (i) make Extron Logistics LLC a sole supplier to Client, (ii) grant
any exclusive rights to Extron Logistics LLC, or (iii) prohibit Client from obtaining similar services from other parties.

2. Services.

 

2.1.              
Statements of Work. Services provided by Extron Logistics LLC pursuant to this Agreement shall be performed by appropriately qualified
employees of Extron, supplemented by temporary workers in non- critical roles as needed at the sole discretion of Extron, and in all cases
in a prompt, professional, and diligent manner in accordance with industry best practices. Additional details and requirements, including
service level standards, may be set forth in a Statement of Work (SOW), an example of which is attached hereto as Exhibit A. Any such
SOW(s) will only be valid if signed by the parties. Unless otherwise specifically set forth in the relevant SOW, the terms of this Agreement
control in the event of any conflict between the SOW and this Agreement.

 

2.2.           
    Change Orders. Any modification, addition, or other alteration to any SOW may only be effected pursuant to a new SOW or written
Change Order or a new SOW executed between the parties. An example Change Order is attached hereto as Exhibit B.

 

2.3.              
Service Level Agreement. Extron will perform all of the Services promptly and in accordance with industry best practices and the
requests of Client. Extron will implement all measures necessary or appropriate to (a) safeguard and protect all Client inventory in its
possession, (b) properly assemble Client’s products in accordance with Client’s instructions and specifications without breaking
or damaging any parts thereof, (c) identify any errors or defects in assembly, materials, or defective or non- operational products as
part of its quality control process, (d) promptly and securely assemble and package each product so as to prevent breakage and/or damage
during assembly and shipping (subject to the limitations of the product and packaging designed by the Client), (e) comply with all applicable
laws, rules, and regulations in connection with its performance of the Services, and (f) promptly communicate all events and circumstances
regarding the inventory, products, logistics, or other obligations of Extron to Client. Extron will follow those written instructions,
specification, guidelines, processes, and procedures requested
or provided by Client from time to time. At the time that a SOW is executed, the parties may also specify a Service Level Agreement (SLA)
in the SOW which will be in addition to, and not in lieu of, the obligations set forth herein. The prices specified in any Pricelist and
SOW are for the level of service and insurance coverage described in such SOW and/or SLA. In the event that no SOW or SLA is executed
by the parties or if no level of insurance coverage is specified, the Service Levels including insurance coverage shall be at the base
level set forth in this Agreement and, if applicable, the SOW.

 

 

    

    
	Extron Logistics, LLC
	 
	Master Services Agreement	          /        

 

    

 

2.4.          
Additional Services. In the event that the Client desires Extron Logistics LLC to provide new or additional Services, the parties
shall either execute a new Pricelist and/or SOW for such new or additional Services or shall execute a Change Order to an existing SOW
to supplement the Services provided thereunder. In the event of a new SOW or Change Order, the level of service described in this Agreement
and the existing SLA shall remain the same unless amended. The terms of this Agreement shall control the agreement between the parties
unless clearly and specifically otherwise provided in an SOW and/or SLA.

 

2.5.        
Packaging. Extron will be responsible for packaging and labeling Client’s products in accordance with the specifications
provided by Company from time-to-time.

 

		3.	Term.

 

3.1.               Term
and Termination. The term of this Agreement (“Term”) shall commence on the Effective Date and shall continue for
[*****], and shall thereafter [*****] (each a renewal period) on the same terms and conditions, in each case unless earlier
terminated as provided for herein or in an SOW. Either Party mayterminate this Agreement effective as of the end of the
then-current Term by providing notice of its election to so terminate this Agreement at least [*****] to the end of the then-current
Term.

 

3.2.              
Additional Termination Rights. In addition to the foregoing termination rights, Client or Extron may terminate this Agreement and/or
any or all SOWs: (a) immediately if the other party materially breaches this Agreement or a SOW and fails to cure such breach within fifteen
days of receipt of written notice thereof; or (b) upon thirty days prior written notice to the other party.

3.3.              
Effect of Termination. Termination of a SOW will not terminate this Agreement. Termination of this Agreement will terminate each
SOW except to the extent such SOW has a timeframe which extends beyond termination of this Agreement, in which case the terms of this
Agreement applicable to such SOW will survive and remain binding upon the parties solely with respect to such SOW until the completion
or termination of such SOW. After termination of this Agreement, Extron will continue to safely store and protect all inventory and assembled
products belonging to Client, and will deliver all such inventory and products to a location specified be client, such specification and
delivery to occur within thirty days following the termination of this Agreement (except to the extent necessary to fulfill its obligations
under Section 3.4 of this Agreement). Certain obligations of this Agreement will survive its termination as set forth in Section 0.

 

3.4.              
Fulfillment. Upon termination of this Agreement, if Client so elects, Extron will fulfill all orders accepted by Extron Logistics
LLC prior to the effective date of the expiration or termination of this Agreement in accordance with and subject to the terms of this
Agreement for a period of up to [*****] following the effective date of the expiration or termination.

 

 

    2

    
	Extron Logistics, LLC
	 
	Master Services Agreement	          /        

 

    

 

3.5.           
Support. In the event of termination of this Agreement, Extron Logistics LLC shall cooperate with Client and Client’s third
party service providers by, in addition to other means, providing requested information and committing necessary resources to ensure that
service quality is maintained at levels set forth in the Statement of Work or otherwise required under this Agreement.

 

		4.	Pricing and Fees.

 

4.1.           
Pricing and fees are set forth in the PriceList as attached in Exhibit C. Pricing may be reviewed by the parties periodically,
but no change in pricing or fees will be effective until agreed upon in writing pursuant to a Change Order and PriceList is executed by
both parties.

 

4.2.           
All prices and fees in the PriceList are exclusive of any local, municipal, state, federal or other government taxes, duties, excise
taxes, value-added taxes, withholding taxes, tariffs, or foreign government taxes, now or hereafter, imposed on the production, storage,
sale, transportation, import, export, licensing or use of the Products and Services or otherwise arising in connection with this agreement.
Client shall be responsible for the payment of such Taxes, but notwithstanding the foregoing Client will not be responsible for paying
any taxes on or resulting from Extron Logistics LLC’s income. Extron will, to the extent required by applicable law, charge and
collect all applicable Taxes and will remit such amounts to the appropriate taxing authorities.

4.3 Notwithstanding Section 1.2
in the event that during the term of this Agreement, Client seeks a third party to provide services which are the same or similar to the
services provided hereunder, Client shall inform Extron Logistics LLC of such opportunity, when reasonably practicable, and invite Extron
Logistics LLC to submit a response to a request for proposal.

 

		5.	Purchase Orders, Invoicing and Payments.

 

5.1 Client shall issue Extron
Logistics LLC a written purchase order, blanket order or other written instructions (“Order”) for Products, Components and/or
Services, in accordance and consistent with the SOW(s), SLA’s and this Agreement. Extron Logistics LLC shall not be required to
accept any Order or perform any Services which are precluded by law or any other restrictions. All Orders shall be subject to Extron Logistics
LLC’s acceptance and shall be governed solely by this Agreement and the applicable SOW(s). Different or inconsistent terms and conditions
in an Order or Orders not accepted by Extron shall have no effect and the terms of this Agreement shall remain in effect. In the event
Client wishes to utilize only one Order document, then that shall be documented in this MSA or in the SOW and Extron Logistics, LLC shall
execute with Client.

 

 

 

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5.2            
Extron will receive and safely store and maintain all inventory shipped by client to Extron, under those conditions necessary to
protect the inventory from damage, degradation, or impairment, and in accordance with any written instructions provided by Client from
time-to-time. Extron shall promptly, professionally, and carefully manufacture certain of Client’s products utilizing such inventory,
in accordance with Client’s written instructions, specifications, and guidelines. Extron shall promptly test all manufactured and/or
assembled products for quality and identify any such products which fail to meet the instructions, specifications and guidelines provided
by Client. Extron will, in accordance with the foregoing, fulfill any obligations set forth on a SOW. Notwithstanding the foregoing, Extron
Logistics LLC shall not be required to perform any Services which violate any applicable law.

 

Subject
to the terms of this Agreement, Extron will accept all incoming orders for Client’s products delivered by Client and shall promptly,
accurately, and completely fulfill such orders by packaging and shipping the identified Client products to the persons identified in the
applicable order.

 

5.3             Extron
Logistics LLC will invoice Client in U.S. dollars for Services that have been performed by Extron in accordance with this Agreement
and the SOW, in the manner specifically set forth in the applicable SOW and Price List, or as otherwise agreed upon in writing by
Extron and Client. If the invoice method is not set forth in the SOW, Extron will invoice Client for amounts owed pursuant to this
Agreement or a SOW on a monthly basis, such invoices to be itemized and reasonably detailed. Extron will promptly provide any
supplemental or supporting information reasonably requested by Client in connection with an invoiced amount. Unless alternative
timing is set forth in a SOW or Pricelist (after credit review), all
undisputed payments owed by Client to Extron Logistics LLC shall be due and payable within [*****] from the date Client receives
Extron Logistics LLC’s invoice. Any disputed payment amounts will, if determined to be payable, be paid within [*****] of the
resolution of such dispute.

5.4 All invoices are deemed correct
and payable unless “disputed”. An invoice is considered “disputed” only if subject to a bona fide dispute raised
by Client in writing delivered to Extron Logistics, LLC within [*****] of the date of the invoice. Disputed invoices shall be resolved
in accordance with the Dispute Resolution Section 18 below. Invoices not “disputed” within the terms of this section shall
be paid in full without withhold or offset but may be subject to a claim for refund as provided Section 18 of this agreement.

 

		6.	Subcontractors.

 

6.1.              
Extron Logistics LLC will perform all of the Services and any other obligations under this Agreement and each SOW. Extron will
not subcontract, delegate, or use any third party to perform all or any portion of the Services, or any obligations hereunder or under
any SOW, without Client’s prior written consent.

 

6.2.               To
the extent Extron uses any third party, agent, or otherwise subcontracts or delegates any obligations under this Agreement or any
SOW, Extron will remain liable and responsible for all actions, omissions, and performance of such third party, unless the
third-party agent or subcontractor is required by Client.

 

 

 

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		7.	Intellectual Property.

 

7.1.           
All intellectual property in and to Client’s products, assembly and manufacturing procedures, instructions, guidelines, protocols,
specifications, and other materials, all Client Materials (defined below), and any other intellectual property or rights thereto used
or created by Client in connection with this Agreement or any SOW (collectively “Intellectual Property”) shall be the sole
and exclusive property of Client. Extron will not acquire any right, title, or interest in or to the Intellectual Property, and to the
extent Extron does acquire any right, title, or interest in or to such Intellectual Property created by Client, Extron hereby irrevocably
transfers, assigns, and conveys to Client all such right, title, and interest. Extron will, upon Client’s request, execute and deliver
to Client all assignments and documents requested by Client as necessary to transfer any and all right, title, and interest in and to
the Intellectual Property to Client. Extron will use the Intellectual Property solely to the extent necessary to perform its obligations
under this Agreement and for no other purpose, and Extron will not disclose or permit any third party to access information constituting
the Intellectual Property without the prior written consent of Client. However, all Intellectual Property developed by Extron, regardless
of whether it is for use with Client or other Clients of Extron, shall remain the property of Extron.

 

7.2.           
Extron Logistics LLC shall not decompile, disassemble, reverse engineer or modify any Client- provided Software masters, documentation
or other materials (“Client Material”). Extron Logistics LLC will reproduce Client’s proprietary rights legends found
on or in the Client Material and further agrees not to remove any copyright or other proprietary

notices
contained in the Client Material, on any Client materials or products, or otherwise modify any Client Material or Client’s products
without Client’s prior written consent.

 

 

7.3.              
Client and/or its suppliers shall retain and own all right, title, and interest in and to all Client Material and Client’s
name, logo, and other trademarks (collectively “Marks”). Extron will not use or display any Marks without Client’s prior
written consent, which may be provided or withheld by Client at its sole discretion. Upon client approval, Extron shall have the right
to use the Client’s name and logo in Extron’s marketing materials.

 

		8.	Confidentiality/Proprietary Rights.

 

 

 

 

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8.1.               Scope.
In performing their obligations under this Agreement, Client and Extron Logistics LLC may each disclose to the other confidential
and proprietary information. This Agreement and all such information are hereby designated as confidential ("Confidential
Information"). For Client, Confidential Information includes, but is not limited to: (i) Client forecasts; (ii) Client Customer
lists and updates (including Client Customer names, addresses and telephone numbers); (iii) all software and other Product release
or publication dates; (iv) any information, data or other material marked "Confidential" or the like; For Extron Logistics
LLC, Confidential Information includes: (i) any information, oral or written, that is not generally known outside of Extron
Logistics LLC, including, but not limited to, information relating to Extron Logistics LLC business services, finances or business
operations such as its marketing plans, customer lists and pricing methods, Statement(s) of Work (SOWs), Service Level Agreement
(SLA), Pricelist(s) as well as its personnel and organizational data; and (v) Client price lists and policies; (vi) all
instructions, documentation, guidelines, and other information provided by or on behalf of Client or its customers or vendors; (vii)
all shipping, inventory, and sales information; (viii) all information regarding the assembly, manufacturing, testing, or sale of
Client’s products; (ix) any personally identifiable information, including without limitation any names and addresses of
Client’s customers; (x) any other information disclosed or made available to Extron, in connection with this Agreement or any
SOW, which is not generally known outside of Client (other than pursuant to an agreement of non-disclosure or confidentiality); (xi)
Work Product; and (xii) all of Client’s discoveries, inventions, research and development efforts, data, trade secrets,
processes, samples, formulas, methods, products, know-how, and show-how; (xii) all derivatives, improvements, additions,
modifications, and enhancements to any of the above, including any such information or material created or developed by Extron in
performing the Services; and (xiii) information of third parties as to which Client has an obligation of confidentiality. For Extron
Logistics LLC, Confidential Information includes Extron’s personnel and organizational data; and information which is obtained
by Client during a visit to any Extron Logistics LLC facility. Notwithstanding the foregoing, both parties acknowledge that
Confidential Information shall not include any information, data or systems which (i) is or becomes publicly known through no
wrongful or erroneous act by the receiving party; (ii) is already known to the receiving party at the time of disclosure; or (iii)
is rightfully received by the receiving party from a third party without violation of any non-disclosure or confidentiality
obligation. Notwithstanding the restrictions on disclosure in Section 8.2, Client or Extron will be permitted to disclose the other
party’s Confidential Information solely to the extent: such disclosure by the receiving party is approved in writing by the
disclosing party prior to such disclosure; or such information is required to be disclosed by court order, law or regulation,
provided that the receiving party timely notifies the disclosing party of the required disclosure in writing, cooperates with the
disclosing party to limit the disclosure or obtain a protective order, and does not disclose more information than is legally
required to be disclosed.

8.2.              
Restrictions on Disclosure. Confidential Information may not be disclosed, orally or in writing or directly or indirectly, by the
receiving party to any third party, and will be restricted to those employees of the receiving party necessary to fulfill such party’s
obligations under this Agreement. Both parties agree not to use (during or after the Term of this Agreement) the other party’s Confidential
Information for any purpose other than the fulfillment of its obligations under this Agreement. Each party shall ensure that its employees
comply with this Section 8.2. In furtherance of, and not in lieu of, the foregoing, Extron will implement and maintain all security measures
and controls necessary to prevent the unauthorized disclosure or use of Client’s Confidential Information, including without limitation
anti-virus software, firewalls, access control in Extron’s facilities, and isolating such information from publicly accessible servers
and computers. Notwithstanding the restrictions in this Section 8.2, either party may disclose the Confidential Information its accountant
or attorney, subject to a duty of confidentiality at least as strict as this Agreement, or in connection with an action or proceeding
to the extent necessary or appropriate to enforce its rights hereunder. For the avoidance of doubt, and not in limitation of the generality
of the foregoing, Extron will not reproduce, disclose, use or commercially exploit any Confidential Information, Work Product, or Intellectual
Property except
in the performance of its obligations to Company hereunder or under a SOW, and the obligations set forth in this Section 7.3 will continue
indefinitely after the termination of this Agreement.

 

 

 

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8.3.           
Ownership Rights. Both parties agree that each has and shall retain ownership rights to its own Confidential Information and that
upon completion or termination of this Agreement, or if requested by the other party, each party will return all of the other's Confidential
Information regardless of the media in which it is stored. Both parties agree to return all Confidential Information including, but not
limited to, records released to either party for marketing and distribution services, to either party immediately upon either party's
written request, and upon termination or expiration of this Agreement. Any of the other party’s Confidential Information remaining
in a party’s possession or control after such return (including without limitation all copies, excerpts, derivative works, reproductions,
analysis, summaries, or other documents or information from which such other party’s Confidential Information can be recreated)
shall be securely destroyed, except to the extent required to be maintained pursuant to applicable law, in which case the obligations
in this Section 7.3 shall remain binding on the party with respect to such retained Confidential Information and such retained Confidential
Information shall be securely destroyed promptly following the expiration of such retention requirement.

 

8.4.            Proprietary
Rights. All Extron Logistics LLC internal processes or procedures shall remain the property of Extron Logistics LLC unless and until
Extron Logistics LLC transfers title to Client. All copyrights, patents, trade secrets, or other intellectual property rights
associated with any Client Confidential Information, Client materials or marks, Client
products, and Client tools (collectively, the “Work Product”) shall belong exclusively to Client and shall, to the
extent possible, be considered a work made for hire for Client within the meaning of Title 17 of the United States Code. Without
limiting the generality of the foregoing, Work Product shall include, without limitation, any and all inventions, techniques,
modifications, processes, improvements, industrial design, mask work, source code, object code, compiled code, works of authorship,
and all other intellectual property conceived or developed by Client, solely or in conjunction with others, that in any way relates
to the products. Extron Logistics LLC assigns, and shall cause its personnel to assign, at the time of creation for the Work
Products, without any requirement of further consideration, all right, title, and interest in or that they may have in such Work
Product, including any copyrights or other intellectual property rights pertaining thereto. Upon request of Client, Extron Logistics
LLC shall take such further actions, and shall cause its personnel to take such further actions, including execution and delivery of
instruments of conveyance, as may be appropriate to give full and proper effect to such assignment.

8.5.           
Injunctive Relief. Both parties acknowledge that unauthorized disclosure or use of Confidential Information could cause irreparable
harm and significant injury, which may be difficult to ascertain. Accordingly, both parties agree that the aggrieved party will have the
right to seek and obtain injunctive relief for breaches of Section 7.3 of this Agreement, without the posting of any bond and without
proving actual damages, in addition to any other rights and remedies it may have.

 

8.6.           
Conflict. The provisions of this Section 7.3 are in addition to any non-disclosure agreement executed by the parties. In the event
of a conflict between this section
and such non-disclosure agreement, the terms of this Section 7.3 shall apply.

 

 

 

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		9.	Export Requirements.

 

9.1.           
If the software or Products to be shipped hereunder are subject to the export control laws and regulations of the United States,
including but not limited to the Export Administration Regulations, International Traffic in Arms Regulations, and sanctions regulations
of the U.S. Department of the Treasury Office of Foreign Assets Control, then Client accepts full responsibility for obtaining, at Client’s
expense, any export license, classification determination, or other U.S. government proceeding that may be required in connection with
the sale or distribution of the software or Products, and for maintaining complete and accurate records of the same. Client will inform
Extron Logistics LLC of the export classification and any export restrictions which apply to any Product which is to be distributed by
Extron Logistics LLC, and shall indemnify Extron Logistics LLC for any costs whatsoever, including penalties and legal costs associated
with any investigation, for its failure to correctly inform Extron Logistics LLC of any export restrictions or conditions applicable to
such Product. In no event shall Extron Logistics LLC’s cooperation with or assistance in an export control matter be construed as
an acceptance by Extron Logistics LLC of responsibility for Client’s export control compliance obligations.

9.2.           
9.2 To the extent Client directs Extron Logistics LLC to ship product to individuals or entities identified by Client, Client shall
screen the orders in accordance with U.S. Government laws and regulations, and shall not request that Extron Logistics LLC supply the
software or Products, either directly or indirectly, to any country subject to a U.S. trade embargo administered by the U.S. Department
of the Treasury, or to any resident or national of any such country, or to any person or entity listed on the “Entity List”
or “Denied Persons List” maintained by the U.S. Department of Commerce or the list of “Specially Designated Nationals”
maintained by the U.S. Department of Treasury.

 

9.3.           
Notwithstanding the foregoing, Extron Logistics LLC represents that it shall not, without prior U.S. Government authorization,
supply the software or products, either directly or indirectly, to any country subject to a U.S. trade embargo administered by the U.S.
Department of the Treasury, or to any resident or national of any such country, or to any person or entity listed on the “Entity
List” or “Denied Persons List” maintained by the U.S. Department of Commerce or the list of “Specially Designated
Nationals” maintained by the U.S. Department of Treasury.

 

		10.	Insurance.

 

10.1.          Extron
will, at its sole cost and expenses, throughout the term of this Agreement carry and maintain insurance coverage (including without
limitation commercial general liability, , property (to a maximum property liability of $[*****]), workers compensation, automobile,
transit, and data breach insurance coverage) with minimum policy limits that are reasonable based on the nature of Extron’s
business and the assets in its possession, and in all times as set forth below in an amount sufficient to cover all damage, loss
and/or destruction to Client’s inventory, products, and other assets in Extron’s possession to the applicable limits.
Client shall have the right upon request to inspect the insurance policies carried by Extron Logistics, LLC and to require
reasonable addendums or amendments thereto. In addition to, and not in lieu of, the foregoing obligations, during the term of this
Agreement, Extron Logistics LLC’s insurance policies shall minimally consist of the following policies and meet the following
requirements (provided that compliance with such minimum requirements shall constitute compliance with the obligations under this
Section 10):

 

 

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10.1.1.            Commercial
general liability insurance covering operations of Extron Logistics LLC, including, but not limited to, contractual liability against
claims for personal and bodily injury and property damage with a combined single limit of U.S. $[*****].

 

10.1.2.             Workers
compensation insurance to cover liability under workers compensation laws of the state in which the work is performed, to statutory limits.

 

10.1.3.             Automobile
liability insurance covering bodily injury and property damage liability arising out of the use by or on behalf of the Extron Logistics
LLC, its agents and employees of any owned, non-owned or hired automobile with combined single limits of at least U.S. $[*****].

 

10.1.4.             Transit
insurance providing all risk coverage for all goods, products, merchandise, machinery, equipment, inventory, supplies, etc. incidental
to Extron Logistics LLC's business, and other shipped materials shipped by, or moving at the risk of, Extron Logistics LLC, with a combined
limit of U.S. $[*****].

10.1.5.             Property insurance covering all property and goods, real and personal, including inventory, hardware and, software, owned by, or
produced, manufactured, or assembled for, Client which are in Extron Logistics LLC’s care, custody or control, at Extron Logistics
LLC’s facility, for risk of physical loss or damage, and boiler and machinery breakdown, subject to a combined limit of U.S. $[*****].
Client acknowledges and agrees to provide insurance as required above this level and name Extron as an insured on the client’s policy.
Alternately, Client may request Extron in a change order to provide the additional insurance coverage and Client shall bear all increased
costs of such insurance.

 

10.2.       
Client may, but will not be required to, obtain additional or supplementary insurance policies with respect to Client’s property
and goods, real and personal, including without limitation inventory, hardware, and software owned by, or produced, manufactured, or assembled
for, Client which are in Extron’s care, custody, or control, are in transit to or from Extron, or any matters otherwise covered
or not covered by Extron’s insurance policies.

 

10.3.       
Upon written request from Client, Extron Logistics LLC shall provide Client with a Certificate of Insurance within twenty (20)
business days after request Date evidencing that the above required insurance policies are in full force and effect and any other information
reasonably requested by Client to ensure the insurance requirements pursuant to this Agreement are being fulfilled.

 

10.4.       
Extron will: (i) cause Client to be listed as an additional insured on each such policy; (ii) ensure such policies contain an exception
to any insured versus insured or cross-liability exclusions for claims brought by
an additional insured against another insured; (iii) ensure its insurance policies are primary and not contributory with regard to any
other available insurance; and (iv) contain a waiver of subrogation in favor of Client.

 

 

 

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10.5.       
[*****].

 

 

10.9
Uninsured Losses: [*****].

 

		11.	Warranties.

 

11.1.       
Extron Logistics LLC and Client each represent and warrant to the other that it has the authority to enter into this Agreement
and to perform its obligations hereunder.

 

11.2.       
Extron Logistics LLC represents and warrants to Client, as of the date hereof and as of each performance of the Services, that:

 

11.2.1.               
it will provide the Services under this Agreement in a good, workmanlike, and businesslike manner that: (a) is consistent, compliant,
and in conformance with industry best practices, the terms of this Agreement, and all applicable instructions, standards, specifications,
governing laws, scope, and/or SOW(s); (b) is performed by appropriately trained, , and qualified professionals; (c) does not infringe
on any third party’s intellectual property or other proprietary rights; (d) is in a secure manner without compromising the security
or confidentiality of Client’s Confidential Information; and (e) is in a manner which prevents loss, damage, or other harm to Client’s
property.

 

11.2.2.              
the products manufactured, assembled, and/or shipped by Extron on behalf of or for Company will be free from defects in workmanship,
such products are merchantable and fit for their intended purpose,.

 

11.2.3.             
for a period of one (1) year from completion, that all Products manufactured under this Agreement shall materially comply with
the applicable workmanship specifications, unless caused by design defect or materials defect from Client’s suppliers

 

 

 

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11.3.       
To the extent applicable, warranties, if any, made by Extron Logistics LLC’s suppliers to Extron Logistics LLC are hereby
passed through and assigned and transferred to Client. To the extent such warranties are not assignable to Client, Extron will take such
action and make such claims with respect to such warranties as requested by Client.

 

11.4.         11.3
Client represents and warrants that: (i) it has full ownership and/or required license rights in and to all Materials provided to Extron
Logistics LLC; (ii) it has the right to copy and distribute the Client Materials and/or the Product, and the right to grant Extron Logistics
LLC the licenses granted hereunder;

 

(iii)
to the best of Client’s knowledge, all materials supplied to Extron Logistics LLC are free of any virus or any other infectious
code; and (iv) all purchase orders, change orders, SOWs, SLAs and other documents including emailed documents or documents sent by facsimile
which are submitted under Client’s name to Extron Logistics LLC are authorized acts of Client from persons having authority to submit,
issue, execute and deliver such documents and Client further represents and warrants that it has in place and will enforce procedures
sufficient to prevent submission of documents to Extron Logistics LLC from person not authorized by Client so that Extron Logistics LLC
may fully act upon such documents without investigation or examination as being the authorized and effective act of Client. Client may,
however, in any SOW limit authority to submit documents to

persons
specified in the SOW, in which case Extron Logistics LLC shall not accept documents submitted by persons not specified but shall be under
no duty to investigate or otherwise determine that the submission was made without the actual consent of an authorized person.

 

11.5.       
Extron Logistics LLC shall assemble or package components or products at Client’s direction set forth in an SOW, SLA, and
instructions, specifications, guidelines, and similar documentation provided by Client. Client assumes full responsibility for the design
and specifications provided by Client for any such assembly.

 

11.6.       
Freight data passed through online systems is not validated or warranted, provided for estimate purposes only as a convenience.
Any end- customer billing should be based on receipt of actual freight invoice from that Extron. It should be noted that for some shipments
(notably international shipments), duties, taxes, accessorial charges, etc. will be received by Extron at a time significantly (2 weeks
to two months) after the initial freight invoice, and Extron cannot and will not be held liable for delayed invoicing.

 

11.7.       
Except as specified in this Agreement or in a SOW, Extron Logistics LLC and Client make no other representation or warranty.

 

 

 

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	 	12.	Exclusion of Damages

 

12.1.        EXCEPT
FOR THIRD PARTY INFRINGEMENT CLAIMS, OR CLAIMS ARISING IN CONNECTION WITH SECTION 8 (CONFIDENTIALITY), IN NO EVENT SHALL EITHER PARTY
BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL DAMAGES, INCLUDING LOST PROFITS AND LOST REVENUE, OR
PUNITIVE OR EXEMPLARY DAMAGES ARISING FROM ANY CLAIM OR ACTION ARISING FROM OR IN ANY WAY CONNECTED WITH THE SERVICES DESCRIBED IN
THIS AGREEMENT OR ANY SOW OR AMENDMENT THERETO, REGARDLESS OF WHETHER SUCH CLAIM IS BASED ON CONTRACT, TORT OR ANY OTHER CAUSE OF
ACTION OR LEGAL THEORY, EVEN IF THE PARTY AGAINST WHICH THE CLAIM OR ACTION IS MADE HAS BEEN ADVISED OF OR HAS ACTUAL ADVANCE
KNOWLEDGE OF THE POSSIBILITY OF SUCH DAMAGES OCCURRING.

 

		13.	Limitation of Liability.

 

13.1   EXCEPT
FOR (1) CLAIMS ARISING UNDER SECTION8 (CONFIDENTIALITY), (2)THE SPECIFIC
INDEMNIFICATIONOBLIGATIONS CONTAINED IN THIS AGREEMENT, AND (3) GROSS NEGLIGENCE, BAD FAITH, OR INTENTIONAL MISCONDUCT OF CLIENT
OR EXTRON LOGISTICS LLC OR ITS SUBCONTRACTORS, IN NO EVENT WILL EITHER PARTY BE LIABLE TO THE OTHER FOR ANY INDIRECT,
INCIDENTAL,SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGE ARISING UNDER THIS

AGREEMENT,
INCLUDING LOSS OF PROFIT, INCOME OR SAVINGS, EVEN IF ADVISED OF OR HAS ACTUAL ADVANCE KNOWLEDGE OF THE POSSIBILITY THEREOF.

 

13.2     
LIMITATION OF DAMAGES [*****]

 

 

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13.3     IN VIEW OF THIS LIMITATION CLIENT MAY ELECT TO OBTAIN ITS OWN INSURANCE WITH LIMITS HIGHER OR COVERAGE GREATER THAN THOSE SET FORTH
IN THIS AGREEMENT, OR MAY REQUEST EXTRON LOGICTICS LLC TO OBTAIN INSURANCE WITH LIMITS HIGHER OR COVERAGE GREATER THAN THAT SPECIFIED
HEREIN PROVIDED THAT SUCH LIMITS OR COVERAGE ARE COMMERCIALLY AVAILABLE AND PROVIDED THAT CLIENT PAYS THE INCREASED COST OF SUCH INSURANCE.

 

13.4     CLIENT
ACKNOWLEDGES THAT THE RATES AND PRICES CONTAINED IN ANY SOW OR SLA ARE BASED UPON THE LIMITATION TO DAMAGES AND LIMITATIONS TO
LIABILITY CONTAINED HEREIN AND THAT INCREASED RATES AND PRICES WOULD HAVE BEEN CHARGED IF SUCH LIMITATIONS WERE NOT AGREED TO BY THE
PARTIES. CLIENT ACKNOWLEDGESTHAT IT HAS OBTAINED THE BENEFIT OF REDUCED PRICES IN RETURN FOR THE LIMITATIONS TO LIABLITY AND
DAMAGES SET FORTH HEREIN.

		14.	14. Indemnification.

 

Client
shall defend, indemnify and hold Extron Logistics LLC, its officers, directors, employees agents, and suppliers harmless from and against
any and all claims, losses, demands, attorneys’ fees, damages, liabilities, costs, expenses, obligations, causes of action or suits
arising out of or resulting from: (i) any claim or threatened claim, whether made against Extron Logistics LLC or its suppliers, that
any Client Material or Marks infringe any copyright, patent, or any other intellectual property right when used in accordance with the
licenses granted in Section 5; (ii) any lien (including, without limitation, laborers’, material-men’s or mechanics’
liens) on any Client Material. Client shall pay Extron Logistics LLC’s resulting costs, damages, reasonable attorneys' fees and
any settlement, provided (a) Extron Logistics LLC notifies Client of any such claim (Failure to satisfy this condition precedent relieves
Client of its obligations to indemnify for a Claim only to the extent that the Client has been actually prejudiced by Extron Logistics
LLC’s failure to give notice as required); and (b)
Client has sole control of the defense and all related settlement negotiations; and (c) Extron Logistics LLC provides such cooperation
as is reasonably necessary, with costs and expenses reasonably incurred to be borne by Client. For avoidance of doubt, Extron Logistics
LLC may participate in the defense of any Claim at its expense and through counsel of its own choosing. If Client assumes the defense
of a Claim, it may not effect any compromise or settlement of the Claim without the consent of Extron Logistics LLC, and Extron Logistics
LLC shall not unreasonably withhold its consent. Extron Logistics LLC may not withhold its consent with respect to a compromise or settlement
of a Claim if the following three conditions are met: (x) There is no admission of guilt or liability by Extron Logistics LLC; (y) The
sole relief provided is monetary damages that are paid in full by the Client; and (z) The compromise or settlement includes, as an unconditional
term, the claimant’s or the plaintiff’s release of Extron Logistics LLC from all liability in respect of Extron Logistics
LLC.

 

 

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14.2       
For the avoidance of doubt, if Extron Logistics LLC agrees separately with any of its suppliers to indemnify that supplier against
any claim against which Client has agreed herein to indemnify Extron Logistics LLC, Client will also indemnify such supplier in
accordance herewith,
in the event any such claim is made, as if Client were Extron Logistics LLC.

 

		15.	Termination/Suspension:

 

15.1         
If any undisputed (as defined in Section 5.3) payment obligation to Extron Logistics LLC is more than [*****] past due, Extron
Logistics LLC reserves the right to suspend its performance under this Agreement or any SOW until the full amount owed, including interest,
is paid by Client, and any such suspension shall not constitute a breach of the Agreement by Extron Logistics LLC, provided that Extron
Logistics LLC provides Client with notice of such unpaid undisputed amounts and the opportunity to pay such unpaid undisputed amounts
within [*****] of such notice prior to any suspension of Extron Logistics LLC’s performance under this Agreement or any SOW.

15.2        
Provided this Agreement is not terminated by Extron Logistics LLC for cause or pursuant to Section 13.1(i) or (ii), Orders accepted
by Extron Logistics LLC prior to the effective date of the expiration or termination of this Agreement will be fulfilled subject to the
terms of this Agreement for a period of up to
[*****] following the effective date of the expiration or termination.

 

 

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14.1. 15.3 Upon expiration or termination
of this Agreement, Client agrees to: (i) pay in full for all finished and unfinished Product and all components and materials created,
procured and/or inventoried by Extron Logistics LLC on Client’s behalf; and (ii) immediately pay Extron Logistics LLC for all unpaid
invoices including invoices delivered at time of expiration or termination or subsequently. If Client fails or refuses to pay for Finished
Goods, Product, components or materials at the expiration or termination of this Agreement as provided herein, Client grants Extron Logistics
LLC a security interest in such Finished Goods for the purpose of securing Client’s obligations to Extron Logistics LLC under this
Agreement, with the right of Extron Logistics LLC to sell such Finished Goods, Product, components and materials in accordance with the
applicable version of the Uniform Commercial Code or corresponding foreign law, subject to Client’s right to receive prior notice
of such sale as provided by applicable law, and Client agrees not to claim or assert any intellectual property rights or other claim.

 

15.4       
In the event of termination, and provided that Client has fulfilled Client’s obligations

under
Section 15.3, Extron Logistics LLC shall cooperate with Client and third party service providers by, in addition to other means, providing
requested information and committing necessary resources to ensure that service quality is maintained at levels set forth in the Statement
of Work. Notwithstanding the foregoing, Extron Logistics LLC shall have no obligation to provide any services to Client other than the
services set forth in this Agreement or any SOW at the applicable prices set forth therein.

 

15.5              
In the event of termination and upon request, Extron Logistics LLC agrees to return all Client Materials to Client provided Client
has fulfilled Client’s obligations under Section 15.4.

 

15.6      
In the event of termination, the licenses granted to Extron Logistics LLC shall be extended only as necessary for Extron Logistics
LLC to fulfill customer orders or to proceed under Section 15.5.

 

 

 

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 		16.	Force Majeure.

 

16.1
In no event shall either party be responsible for any delay or failure to perform under this Agreement if such delay or failure to perform
is due to causes beyond its reasonable control, including, but not limited to, war, terrorism, embargoes, fire, earthquakes, acts of God,
strikes, lockouts, or other labor disputes, riots, governmental authorities, or epidemics, except that Client shall at all times be responsible
for the prompt payment of all of its financial obligations to Extron Logistics LLC.

 

		17.	Dispute Resolution:.

 

17.1         The
parties will attempt in good faith to promptly resolve any controversy, dispute or claim arising out of or relating to this Agreement
through negotiations between the parties before resorting to other remedies available to them. Any such dispute shall be referred to
appropriate senior executives of each party who shall have the authority to resolve the matter.

 

17.2         
If the senior executives are unable to resolve the dispute within [*****] of submission, the
dispute shall be resolved under the Commercial Rules of the American Arbitration Association in a venue in California, with the
matter to be heard at the office of the American Arbitration 

 

Association
nearest to Extron Logistics LLC’s main office. The matter shall first be submitted to mediation under the mediation rules of the
American Arbitration Association. If mediation is certified by the mediator to be at an impasse, the matter shall be then be submitted
to and decided by a single arbitrator.

 

17.3         The
foregoing shall not apply to a dispute or controversy involving either party’s Confidential Information, intellectual property
or Client’s financial obligations to Extron Logistics LLC. In the event of such a dispute or controversy, either may immediately
seek any legal and/or equitable remedies it deems necessary. If either party refuses to participate in mediation or arbitration, the
other party may in addition to any other remedies, file a court action to compel mediation and/or arbitration and if arbitration or mediation
is order

 

		18.	Notices:

 

18.1         Any notice, demand, acknowledgment or other communication which under the terms of this Agreement must be given or made by either
party, shall be in writing and shall be given or made by (i) certified or registered mail addressed, postage paid or (ii) confirmed facsimile
transmission, to the respective parties as follows (or to such other address as either party may provide upon written notice to the other
party provided in conformance with this Section 19.1):

 

 

 

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Extron Logistics LLC:

 

Extron Logistics LLC

Attn: C.E.O.

 

[*****]

 

With a copy to: Extron

 

Logistics LLC

Attn:
General Counsel 496

[*****]

 

to Client:

 

Tivic Health Systems, Inc.

750 Menlo Ave., #200 Menlo

Park, CA 94025

 

With a copy to:

 

[*****]

 

19. General.

 

Address

 

		20.	Non-Solicitation
                                            of Employees:

 

20.1      The
parties each recognize that the experience, dedication, and know-how of the other party’s employees represent a valuable

asset
and a significant training investment. Therefore, for the term of this Agreement and for two years after its expiration or termination,
neither party may, without prior written permission of the other party, directly or indirectly solicit, induce or encourage any of the
other party’s employees to terminate their employment with such other party or to accept employment with the soliciting party, or
any competitor, supplier, or customer of the other party, nor shall either party cooperate with others in doing or attempting to do so.
Notwithstanding the foregoing, in the event that an employee of one party responds to a general advertisement of the other party or a
recruiting firm (provided that neither party shall request that a recruiting firm solicit the other party’s employees), the other
party shall be free to hire or engage in employment any such employee at any time without any liability to such party.

 

		21.	General:

 

 

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21.1     The
relationship of the parties is that of independent contractor. Neither party may bind the other or is or shall make itself out to be
an employee, agent, partner, representative or joint venturer of the other party.

 

21.2     Neither
party shall assign this Agreement without the prior written consent of the other, which shall not be unreasonably withheld, conditioned
or delayed. Notwithstanding the foregoing, Extron Logistics LLC shall have the right to assign or transfer this Agreement to any Extron
Logistics LLC affiliate without Client’s prior written consent, provided that such affiliate or successor is able to provide the
Services and meet its obligations hereunder; and Client may assign this Agreement to an affiliate or purchaser of all or substantially
all of the assets of Client.

 

21.3     Neither
party shall have the right to issue a press release with respect to the Services provided hereunder or with respect to the relationship
of the parties without the prior written consent of the other party.

 

21.4     In
the event any payments to be made under this Agreement are overdue, such payments shall accrue interest at the lower rate of [*****]
per month or the maximum percentage permitted by law.

 

21.5     
In the event either party asserts a claim to enforce its rights under this Agreement, the prevailing party shall be entitled to
recover its costs, including reasonable attorney’s fees. The prevailing party shall also be entitled to obtain any other relief
to which it may be entitled.

 

21.6         This Agreement is the complete and exclusive agreement between Extron Logistics LLC and Client regarding this subject matter and
supersedes all prior agreements and other communications, whether written or oral, between the parties. This Agreement, including, without
limitation, any SOW, may only be amended, changed, or revised by a written agreement signed by duly authorized representatives of both
Extron Logistics LLC and Client. Headings included in this Agreement are for convenience only and shall not be used to interpret this
Agreement.

 

21.7         Any
waiver of a violation or failure to enforce any provision of this Agreement by either party shall not constitute a waiver of either party’s
rights with respect to this Agreement.

 

21.8         All
terms and conditions of this Agreement are severable. If any term or provision, or any portion thereof, of this Agreement is held to
be invalid, illegal or unenforceable, the remaining portions shall not be affected.

 

 

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21.9      Sections
5 (Purchase Orders, Invoicing and Payments), 8 (Confidentiality), 11 (Warranties), 12 (Exclusion of Damages), 13 (Limitation of Liability),
14 (Indemnification), 15 (Termination/ Suspension), 18 (Dispute Resolution), 19 (Notices), 20 (Non- solicitation), and 21 (General) and
all other provisions, which by their nature may reasonably be interpreted to survive the expiration or termination of this Agreement,
shall survive the expiration or termination of this Agreement.

 

21.10  
The parties do not intend that this Agreement shall confer on any third party any right, remedy or benefit or that any third party
shall have any right to enforce any provision of this Agreement.

 

21.11  
This Agreement is deemed to be entered into in Milpitas, California and shall be governed by and construed in accordance with the
laws of the State of California, without regard to its principles regarding conflict of laws.

 

21.12
The following exhibits and appendices are attached to this Agreement and incorporated herein:

 

Exhibit
A (Statement of Work)

 

Exhibit
B (Change Order Form), if applicable Exhibit C (Price List)

 

21.13       Each party shall execute and deliver such additional documents or take such additional actions as may be requested by another party
to this Agreement if such requested document or action is reasonably necessary to effect the transactions described in this Agreement.

 

21.14       This
Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original copy of this Agreement and all
of which, when taken together, shall be deemed to constitute one and the same agreement.

 

21.15       No
right or remedy conferred upon or reserved to any of the parties under the terms of this Agreement is intended to be, nor shall it be
deemed, exclusive of any other right or remedy provided in this Agreement or by law or equity, but each shall be cumulative of every
other right or remedy. The parties understand and acknowledge that a party would be damaged irreparably by reason of a failure of another
party to perform any obligation under this Agreement. Accordingly, if any party attempts to enforce the provisions of this Agreement
by specific performance (including preliminary or permanent injunctive relief), the party against whom such action or proceeding is brought
waives the claim or defense that the other party has an adequate remedy at law.

 

21.16       Time is of the essence to the performance of the obligations set forth in this Agreement.

 

[Signature
Page Follows]

 

 

 

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IN WITNESS WHEREOF,
the parties’ duly authorized representatives have signed this Master Services Agreement, inclusive of all Exhibits noted above,
intending to be bound, as of the Effective Date.

 

	 	4/27/2019	 	4/26/2019
	Dated:		Dated:	 
	 	 	 	 
	Tivic
    Health Systems, Inc.	Extron
    Logistics LLC
	 	 	 	 
	 	 	 	 
	By:
    	/s/
    Jennifer Ernst	By:
    	/s/
    Sandeep Duggal
	 	 	 	 
	Name:
    	Jennifer
    Ernst	Name:
    	Sandeep
    Duggal
	 	 	 	 
	Title:
    	CEO	Title:
    	CEO

 

    20

     

    

 

EXHIBIT
A

 

Example Statement of Work

 

[Exhibit A to Manufacturing and Services Agreement]

 

     

     

    

 

EXHIBIT
B

 

Example Change Order Form

 

     

     

    

 

EXHIBIT
C

 

PRICELIST

 

&

 

Charges
Related to Annual FDA Fees

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00333-of-00352.parquet"}]]