SEC Contract Filing

Filing Date: 2024-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>12
<FILENAME>ea021976201ex10-4_lomond.htm
<DESCRIPTION>FORM OF PRE-MERGER INDEMNIFICATION AGREEMENT
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>INDEMNITY AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This Indemnity Agreement (the
&ldquo;<U>Agreement</U>&rdquo;), dated as of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2024, is entered into by and among <B>Venetian-1 Acquisition Corp.</B>, a Delaware corporation (the &ldquo;<U>Parent</U>&rdquo;), <B>Lomond
Therapeutics, Inc., </B>a Delaware corporation (&ldquo;<U>Lomond</U>&rdquo; and together with the Parent, the &ldquo;<U>Companies</U>&rdquo;),
and the undersigned Indemnitee (the &ldquo;<U>Indemnitee</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">W I T N E S S E T H:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, Indemnitee is a director
on the board of directors of the Parent (the &ldquo;<U>Board of Directors</U>&rdquo;) and/or an officer of the Parent, as well as a director
and/or an officer of Merger Sub (hereinafter defined), and in such capacity(ies) is performing valuable services for the Parent; and</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, the Parent, Lomond
Acquisition Corp. (the &ldquo;<U>Merger Sub</U>&rdquo;), a Delaware corporation, and Lomond plan to enter into an Agreement and Plan of
Merger and Reorganization (the &ldquo;<U>Merger Agreement</U>&rdquo;) substantially concurrently with the date hereof, pursuant to which,
among other things, Merger Sub shall merge with and into Lomond, with Lomond remaining as the surviving entity and a wholly-owned operating
subsidiary of the Parent (the &ldquo;<U>Merger</U>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">WHEREAS, it is intended that
Indemnitee shall be paid promptly by the Companies all amounts necessary to effectuate in full the indemnity provided herein;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">NOW, THEREFORE, in consideration
of the premises and the covenants in this Agreement, and of Indemnitee and the Companies intending to be legally bound hereby, the parties
hereto agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1. <U>Indemnification</U>.
Subject to the limitations set forth herein and in&nbsp;<U>Section&nbsp;5</U>&nbsp;hereof, the Companies hereby agree to indemnify Indemnitee
as follows:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Companies shall, from
and after the Effective Time (as defined in the Merger Agreement), with respect to any Proceeding (as hereinafter defined), indemnify
Indemnitee to the fullest extent permitted by (in the case of the Parent) Section&nbsp;145 of the General Corporation Law of the State
of Delaware (the &ldquo;<U>DGCL</U>&rdquo;) and the certificate of incorporation and by-laws of the Parent or Merger Sub in effect on
the date hereof or as such law or constitutive document may from time to time be amended (but, in the case of any such amendment, only
to the extent such amendment permits the relevant Company to provide broader indemnification rights than applicable law or constitutive
document permitted the applicable Company to provide before such amendment). Notwithstanding the foregoing, the Companies shall not be
required to indemnify Indemnitee for acts or omissions of Indemnitee constituting fraud, bad faith, gross negligence or intentional misconduct.
The right to indemnification conferred herein and in the constitutive documents of the Companies shall be presumed to have been relied
upon by Indemnitee in serving the Parent and shall be enforceable as a contract right. Without in any way diminishing the scope of the
indemnification provided by this&nbsp;<U>Section&nbsp;1</U>, the Companies will, from and after the Effective Time, indemnify Indemnitee
against Expenses (as hereinafter defined) and Liabilities (as hereinafter defined) actually and reasonably incurred by Indemnitee or on
their behalves in connection with the investigation, defense, settlement or appeal of such Proceeding. In addition to, and not as a limitation
of, the foregoing, the rights of indemnification of Indemnitee provided under this Agreement s