SEC Contract Filing

Filing Date: 2021-05-24

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>16
<FILENAME>ck0001847152-ex1012_28.htm
<DESCRIPTION>EX-10.12
<TEXT>
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ck0001847152-ex1012_28.htm
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<p style="margin-bottom:0pt;text-align:right;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.12</p>
<p style="margin-top:0pt;margin-bottom:0pt;text-align:center;text-indent:0%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">INDEMNITY AGREEMENT</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">THIS INDEMNITY AGREEMENT<font style="font-weight:normal;"> (this &#8220;</font><font style="font-style:italic;text-decoration:none;">Agreement</font><font style="font-weight:normal;">&#8221;) is made as of&#160;May 18, 2021, by and between Skydeck Acquisition Corp., a Cayman Islands exempted company (the &#8220;</font><font style="font-style:italic;text-decoration:none;">Company</font><font style="font-weight:normal;">&#8221;), and William J. Teuber, Jr. (&#8220;</font><font style="font-style:italic;text-decoration:none;">Indemnitee</font><font style="font-weight:normal;">&#8221;).</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">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;</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">the Board of Directors of the Company (the &#8220;</font><font style="font-style:italic;text-decoration:none;">Board</font><font style="font-weight:normal;">&#8221;) 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. The amended and restated memorandum and articles of association of the Company (the &#8220;</font><font style="font-style:italic;text-decoration:none;">Articles</font><font style="font-weight:normal;">&#8221;) provide for the indemnification of the officers and directors of the Company. Indemnitee may also be entitled to indemnification pursuant to applicable Cayman Islands law. The Articles 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;</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">the uncertainties relating to such insurance and to indemnification have increased the difficulty of attracting and retaining such persons;</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">the Board has determined that the increased difficulty in attracting and retaining such persons is detrimental to the best interests of the Company&#8217;s shareholders and that the Company should act to assure such persons that there will be increased certainty of such protection in the future;</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">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;</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">this Agreement is a supplement to and in furtherance of the Articles of the Company 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</font></p>
<p style="text-align:left;margin-bottom:0pt;margin-top:12pt;text-indent:7.69%;font-weight:bold;font-size:12pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">WHEREAS, <font style="font-weight:normal;">Indemnitee may not be willing to serve as an officer or director without adequate protection,