EXHIBIT 10.3
Exascale Labs Holdings Inc.
INDEMNIFICATION AGREEMENT
This Indemnification Agreement (this “Agreement”), dated as of [ ], is by and between Exascale Labs Holdings Inc., a Delaware corporation (the “Company”) and [ ] (the “Indemnitee”).
WHEREAS, the Company expects Indemnitee to join the Company as [a director/an officer] of the Company;
WHEREAS, both the Company and Indemnitee recognize the increased risk of litigation and/or other claims being asserted against directors and officers of public companies;
WHEREAS, the board of directors of the Company (the “Board”) has determined that enhancing the ability of the Company to retain and attract the most capable persons as directors and officers is in the best interests of the Company and its stockholders and that the Company therefore should seek to assure such persons that indemnification and insurance coverage is available; and
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