Exhibit 10.10


 


FORM OF


LOCK-UP AGREEMENT


 


THIS LOCK-UP AGREEMENT (this
“Agreement”) is dated as of [•], 2022 by and between the undersigned stockholder (the “Holder”)
and Abri SPAC I, Inc., a Delaware corporation (the “Parent”).


 


A. Parent, Abri Merger Sub
Inc., a Delaware corporation and wholly-owned subsidiary of the Parent, DLQ, Inc., a Nevada corporation (the “Company”)
and Logiq, Inc., a Delaware corporation and the parent of the Company (“DLQ Parent”) entered into a Merger Agreement
dated as of September 9, 2022 (the “Merger Agreement”). Capitalized terms used, but not otherwise defined herein,
shall have the meanings ascribed to such terms in the Merger Agreement.


 


B. Pursuant to the Merger
Agreement, Parent will become the 100% stockholder of the Company.


 


C. The Holder is either (i)
the record and/or beneficial owner of certain shares of Company Common Stock, which will be exchanged for shares of Parent Common Stock
pursuant to the Merger Agreement or (ii) a member of management of DLQ Parent that receives Dividend Shares of Parent Common Stock as
provided in the Merger Agreement.


 


D. As a condition of, and
as a material inducement for the Parent and the Company to enter into and consummate the transactions contemplated by the Merger Agreement,
the Holder has agreed to execute and deliver this Agreement, which shall be effective as of the Closing Date of the Merger.


 


NOW, THEREFORE, for and in
consideration of the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties, intending to be legally bound, agree as follows:


 


AGREEMENT


 


1. Lock-up.


 


(a) Subject to Section 1(b)
below, during the Lock-up Period, the Holder agrees that it, he or she will not offer, sell, contract to sell, pledge or otherwise dispose
of, directly or indirectly, any of the Lock-up Shares (as defined below), enter into a transaction that would have the same effect, or
enter into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of
the Lock-up Shares or otherwise, publicly disclose the intention to make any offer, sale, pledge or disposition, or to enter into any
transaction, swap, hedge or other arrangement, or engage in any Short Sales (as defined below) with respect to the Lock-up Shares.


 


(b) In furtherance of the foregoing,
during the Lock-up Period, the Parent will (i) place a stop order on all the Lock-up Shares, including those which may be covered by a
registration statement, and (ii) notify the Parent’s transfer agent in writing of the stop order and the restrictions on the Lock-up
Shares under this Agreement and direct the Parent’s transfer agent not to process any attempts by the Holder to resell or transfer
any Lock-up Shares, except in compliance with this Agreement.


 


(c) For purposes hereof, “Short
Sales” include, without limitation, all “short sales” as defined in Rule 200 of Regulation SHO under the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), and all types of direct and indirect stock pledges, forward
sale contracts, options, puts, calls, swaps and similar arrangements (including on a total return basis), and sales and other transactions
through non-U.S. broker dealers or foreign regulated brokers.


 


(d) The term “Lock-up
Period” means the date that is eleven (11) months after the Closing Date (as defined in the Merger Agreement).


 






     


     


    

 


2. Beneficial Ownership.
The Holder hereby represents and warrants that it does not beneficially own, directly or through its nominees (as determined in accordance
with Section 13(d) of the Exchange Act, and the rules and regulations promulgated thereunder), any shares of Parent Common Stock, or any
economic interest in or derivative of such shares, other than those shares of Parent Common Stock issued pursuant to the Merger Agreement.
For purposes of this Agreement, the Merger Consideration Shares (other than the Dividend Shares being distributed by DLQ Parent to it
stockholders concurrent with the Closing) beneficially owned by the Holder, together with any other shares of Parent Common Stock, and
including any securities convertible into, or exchangeable for, or representing the rights to receive Parent Common Stock, if any, acquired
during the Lock-up Period are collectively referred to as the “Lock-up Shares,” provided, however,
that such Lock-up Shares shall not include shares of Parent Common Stock acquired by such Holder in open market transactions during the
Lock-up Period. For the avoidance of doubt, notwithstanding anything contained in this paragraph, the parties have agreed that the Dividend
Shares distributed to members of management are Lock-up Shares.


 


Notwithstanding the foregoing,
and subject to the conditions below, the undersigned may transfer Lock-up Shares in connection with (a) transfers or distributions to
the Holder’s direct or indirect affiliates (within the meaning of Rule 405 under the Securities Act of 1933, as amended (the “Securities
Act”)) or to the estates of any of the foregoing; (b) any transfers exempt from registration under the Securities Act; (c)
transfers by bona fide gift to a member of the Holder’s immediate family or to a trust, the beneficiary of which is the Holder or
a member of the Holder’s immediate family for estate planning purposes; (d) by virtue of the laws of descent and distribution upon
death of the Holder; (e) pursuant to a qualified domestic relations order; (f) transfers to the Parent’s officers, directors or
their affiliates; (g) transfers pursuant to a bona fide third-party tender offer, merger, stock sale, recapitalization, consolidation
or other transaction involving a change of control of Parent; provided, however, that in the event that such tender offer,
merger, recapitalization, consolidation or other such transaction is not completed, the Lock-up Shares subject to this Agreement shall
remain subject to this Agreement; (h) the establishment of a trading plan pursuant to Rule 10b5-1 promulgated under the Exchange Act;
provided, however, that such plan does not provide for the transfer of Lock-up Shares during the Lock-up Period; (i) transfers
to satisfy tax withholding obligations in connection with the exercise of options to purchase shares of Parent Common Stock or the vesting
of stock-based awards or shares of Parent Common Stock issued pursuant to that certain Management Earnout Agreement; and (j) transfers
in payment on a “net exercise” or “cashless” basis of the exercise or purchase price with respect to the exercise
of options to purchase shares of Parent Common Stock; provided, however, that, in the case of any transfer pursuant to the
foregoing (a) through (f) clauses, it shall be a condition to any such transfer that (i) the transferee/donee agrees in writing (a copy
of which shall be provided by the Holder to the parties hereto and to Continental Stock and Transfer Company), to be bound by the terms
of this Agreement (including, without limitation, the restrictions set forth in the preceding sentence) to the same extent as if the transferee/donee
were a party hereto; and (ii) each party (donor, donee, transferor or transferee) shall not be required by law (including without limitation
the disclosure requirements of the Securities Act and the Exchange Act) to make, and shall agree to not voluntarily make, any filing or
public announcement of the transfer or disposition prior to the expiration of the Lock-up Period. The Holder hereby covenants to Parent
that the Holder will give notice to Parent of any transfer of Lock-up Shares pursuant to this Section 2 of the Agreement, with such notice
given in accordance with Section 5 of this Agreement.


 


3. Representations and
Warranties. Each of the parties hereto, by their respective execution and delivery of this Agreement, hereby represents and warrants
to the other that (a) such party has the full right, capacity and authority to enter into, deliver and perform its respective obligations
under this Agreement, (b) this Agreement has been duly executed and delivered by such party and is a binding and enforceable obligation
of such party and, enforceable against such party in accordance with the terms of this Agreement, and (c) the execution, delivery and
performance of such party’s obligations under this Agreement will not conflict with or breach the terms of any other agreement,
contract, commitment or understanding to which such party is a party or to which the assets or securities of such party are bound. The
Holder has independently evaluated the merits of his/her/its decision to enter into and deliver this Agreement, and such Holder confirms
that he/she/it has not relied on the advice of Company, Company’s legal counsel, or any other person.


 


4. No Additional Fees/Payment.
Other than the consideration specifically referenced herein, the parties hereto agree that no fee, payment or additional consideration
in any form has been or will be paid to the Holder in connection with this Agreement.


 






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5. Notices. Any notices
required or permitted to be sent hereunder shall be sent in writing, addressed as specified below, and shall be deemed given: (a) if by
hand or recognized courier service, by 4:00PM on a Business Day, addressee’s day and time, on the date of delivery, and otherwise
on the first Business Day after such delivery; (b) if by email, on the date that transmission is confirmed electronically, if by 4:00PM
on a Business Day, addressee’s day and time, and otherwise on the first Business Day after the date of such confirmation; or (c)
five days after mailing by certified or registered mail, return receipt requested. Notices shall be addressed to the respective parties
as follows (excluding telephone numbers, which are for convenience only), or to such other address as a party shall specify to the others
in accordance with these notice provisions:


 


(a) If to Company, to:


 


[                                ]


with a copy (which shall not constitute notice) to:


 


[                                ]


 


if to Parent or Merger Sub (prior to the
Closing):


 


Abri SPAC I, Inc.

9663 Santa Monica Blvd., No. 1091

Beverly Hills, CA 90210

Attn: Jeffrey Tirman, Chief Executive Officer

E-mail: jtirman@abriadv.com


 


with a copy (which shall not constitute notice) to:


 


Loeb & Loeb LLP

345 Park Ave

New York, NY 10154

Attention: Mitchell S. Nussbaum

Fax: 212.504.3013

E-mail: mnussbaum@loeb.com


 


(b) If to the Holder, to the
address set forth on the Holder’s signature page hereto, with a copy, which shall not constitute notice, to:




Abri Ventures I, LLC.

9663 Santa Monica Blvd., No. 1091

Beverly Hills, CA 90210

Attn: Jeffrey Tirman, Chief Executive Officer

E-mail: jtirman@abriadv.com


 


or to such other address(es) as any party may
have furnished to the others in writing in accordance herewith.


 


6. Enumeration and Headings.
The enumeration and headings contained in this Agreement are for convenience of reference only and shall not control or affect the meaning
or construction of any of the provisions of this Agreement.


 


7. Counterparts. This
Agreement may be executed in facsimile and in any number of counterparts, each of which when so executed and delivered shall be deemed
an original, but all of which shall together constitute one and the same agreement. This Agreement shall become effective upon delivery
to each party of an executed counterpart or the earlier delivery to each party of original, photocopied or electronically transmitted
signature pages that together (but need not individually) bear the signatures of all other parties.


 






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8. Successors and Assigns.
This Agreement and the terms, covenants, provisions and conditions hereof shall be binding upon, and shall inure to the benefit of, the
respective heirs, successors and assigns of the parties hereto. The Holder hereby acknowledges and agrees that this Agreement is entered
into for the benefit of and is enforceable by Company and its successors and assigns.


 


9. Severability. If
any provision of this Agreement is held to be invalid or unenforceable for any reason, such provision will be conformed to prevailing
law rather than voided, if possible, in order to achieve the intent of the parties and, in any event, the remaining provisions of this
Agreement shall remain in full force and effect and shall be binding upon the parties hereto.


 


10. Amendment. This
Agreement may be amended or modified by written agreement executed by each of the parties hereto.


 


11. Further Assurances.
Each party shall do and perform, or cause to be done and performed, all such further acts and things, and shall execute and deliver all
such other agreements, certificates, instruments and documents, as any other party may reasonably request in order to carry out the intent
and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby.


 


12. No Strict Construction.
The language used in this Agreement will be deemed to be the language chosen by the parties to express their mutual intent, and no rules
of strict construction will be applied against any party.


 


 13. Dispute Resolution.
Section 12.15 (Waiver of Jury Trial) and 12.16 (Submission to Jurisdiction) of the Merger Agreement is incorporated by reference herein
to apply with full force to any disputes arising under this Agreement.


 


14. Governing Law.
Section 12.7 (Governing Law) of the Merger Agreement is incorporated by reference herein to apply with full force to any disputes arising
under this Agreement.


 


15. Controlling Agreement.
To the extent the terms of this Agreement (as amended, supplemented, restated or otherwise modified from time to time) directly conflicts
with any provision in the Merger Agreement, the terms of this Agreement shall control.


 


[Signature Page Follows]


 




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IN WITNESS WHEREOF, the parties
hereto have caused this Lock-up Agreement to be duly executed by their respective authorized signatories as of the date first indicated
above.


 


	 	Abri SPAC I., Inc.
	 	 
	 	By:	 
	 	Name: 	Jeffrey Tirman
	 	Title:	Chief Executive Officer


 


	 	HOLDER:
	 	 
	 	By:	        
	 	Name: 	 
	 	Title:	 


 


 


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