Document:

EX-10.2

   

  Medallion Financial Corp.
Performance Stock Unit Notice
(2018 EQUITY INCENTIVE PLAN)

  Medallion Financial Corp. (the “Company”), pursuant to its 2018 Equity Incentive Plan (as amended from time to time, the “Plan”), hereby grants to Participant an Award of Performance Stock Units for the target number of shares of the Company’s Stock set forth below (the “Award”).  The Award is subject to all of the terms and conditions as set forth in this Performance Stock Unit Notice (this “Grant Notice”), in the PSU Agreement (attached hereto as Attachment II) and in the Plan (attached hereto as Attachment III with amendments thereto attached as Attachments IV and V), both of which are incorporated herein in their entirety.  Capitalized terms not otherwise defined herein but defined in the Plan or the PSU Agreement will have the same definitions as in the Plan or the PSU Agreement.    

  		
	Name of Participant:
	 

	Date of Grant:
	 

	Number of Performance Stock Units (Target)
	 

	Performance Period
	[Three-year period beginning on ________, 202_ and ending on ________, 202_] 

   

  Vesting Schedule:	Attached hereto as Attachment I.

  Issuance Schedule:	Subject to any adjustment as provided in Section 11(a) of the Plan, one share of Stock will be issued for each Performance Stock Unit that vests at the time set forth in Section 6 of the PSU Agreement.

  Additional Terms/Acknowledgements:  The undersigned Participant acknowledges receipt of, and understands and agrees to, this Grant Notice, the PSU Agreement and the Plan.  Participant acknowledges and agrees that this Grant Notice and the PSU Agreement may not be modified, amended or revised except as provided in the Plan.  Participant further acknowledges that, as of the Date of Grant, this Grant Notice, the PSU Agreement and the Plan set forth the entire agreement and understanding between Participant and the Company regarding the acquisition of the Stock pursuant to the Award specified above and supersede all prior oral and written agreements, promises and/or representations on that subject with the exception of (i) Performance Stock Units previously granted and delivered to the Participant, (ii) any compensation recovery policy that is adopted by the Company or is otherwise required by applicable law, and (iii) any written employment or severance arrangement that would provide for vesting acceleration of the Award upon the terms and conditions set forth therein.  By accepting the Award, Participant consents to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

  		
	Medallion Financial Corp.
By:
 Signature
Title:
Date:
	Participant
By:
 Signature
Title:
 

  Attachments:  Vesting Schedule, PSU Agreement, 2018 Equity Incentive Plan, Amendment to 2018 Equity Incentive Plan, and Amendment No. 2 to 2018 Equity Incentive Plan

   

   

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  Attachment I
 

  Vesting Schedule:

  The shares subject to the Award shall vest based on the Company’s level of attainment of [    ] (the “Performance Goal”) for the Performance Period, as follows, subject to Participant’s continued service through the Certification Date (except as set forth in Section 2 of the PSU Agreement):

  			
	Performance Level 
	[    ]
	Shares Subject to the Award That Become Vested 
(% of Target)

	[    ]
	[    ]
	[    ]%

	[    ] 
	[    ]
	[    ]%

	[    ] 
	[    ]
	[    ]%

	[    ] 
	[    ]
	[    ]%

   

  Linear interpolation shall be used to determine the percent of the shares subject to the Award that vest between the threshold performance level and the target performance level and between the target performance level and the maximum performance level.  In no event shall any shares subject to the Award vest if the Company’s level of attainment of the Performance Goal for the Performance Period falls below the threshold performance level.

  On or as soon as reasonably practicable following the end of the Performance Period, the Committee shall determine the level of attainment of the Performance Goal for the Performance Period (such date of determination, the “Certification Date”).  The Performance Stock Units will not vest unless and until the Committee has certified that the vesting criteria, and to what extent, has been achieved. 

  For the avoidance of doubt, any Performance Stock Units that have not vested as of the applicable Certification Date shall automatically be forfeited for no consideration as of such date.

   

  	 

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  Attachment II

Medallion Financial Corp.
2018 Equity Incentive Plan

PSU Agreement

  Pursuant to the Performance Stock Unit Grant Notice (the “Grant Notice”) and this PSU Agreement (this “Agreement”), Medallion Financial Corp. (the “Company”) has granted you an Award of Performance Stock Units under its 2018 Equity Incentive Plan (as amended from time to time, the “Plan”) for the target number of Performance Stock Units indicated in the Grant Notice.  Capitalized terms not explicitly defined in this Agreement or in the Grant Notice but defined in the Plan will have the same definitions as in the Plan.

  The details of your Award of Performance Stock Units (this or your “Award”), in addition to those set forth in the Grant Notice and the Plan, are as follows:

  1.Grant of the Award.  This Award represents the right to be issued on a future date one (1) share of Stock for each Performance Stock Unit that vests on the applicable vesting date (subject to any adjustment under Section 3 below) on the Issuance Date (as defined below).  As of the Date of Grant, the Company will credit to a bookkeeping account maintained by or on behalf of the Company for your benefit (the “Account”) the number of Performance Stock Units subject to the Award.  This Award is granted in consideration of your services to the Company.

  2.Vesting.  Subject to the limitations contained herein, your Award will vest as provided in your Grant Notice.  Except as set forth in this Section ‎2, upon your Termination, any Performance Stock Units credited to the Account that were not vested pursuant to the vesting terms set forth in Attachment I as of the date of such Termination will be forfeited for no consideration as of the date of Termination and you will have no further right, title or interest in or to such underlying shares of Stock.

  a.Involuntary Termination.  Provided that you remain employed for at least one (1) full year during the Performance Period, in the event of your Termination by the Service Recipient other than (i) due to your death or Disability or (ii) Termination for Cause prior to the Certification Date, your Award will remain outstanding and eligible to vest pursuant to the vesting terms set forth in Attachment I and, upon the Certification Date, a pro-rata portion of the number of Performance Stock Units subject to your Award will vest in the amount equal to (1) the total number of Performance Stock Units that would have vested pursuant to the vesting terms set forth in Attachment I based upon the achievement of the vesting criteria as certified by the Committee multiplied by (2) a fraction, (x) the nominator of which is the number of full months you were employed by the Company or any of its Affiliates during the Performance Period and (y) the denominator of which is thirty-six (36) and such vested portion of the Performance Stock Units will be settled in accordance with Section 6 below and the remaining portion of your Award will be forfeited for no consideration. 

  b.Death or Disability.  In the event of your Termination due to your death or Disability, the target number of Performance Stock Units shall immediately vest and be settled in accordance with Section 6 below and the remaining portion of your Award will be forfeited for no consideration. 

  c.Change in Control. 

  (i)Subject to Section ‎2(‎c)‎(ii) below, in the event of a Change in Control during the Performance Period, the number of Performance Stock Units subject to your Award that are deemed earned pursuant to Section ‎2(‎c)‎(i)(1) and (2) below (the “Earned Performance Stock Units”) shall, immediately prior to or upon such Change in Control, be converted into restricted stock units in respect of an equivalent number of shares (or common securities of the acquirer or a parent thereof) subject to time-based condition only (the “Converted RSUs”).  Such Converted RSUs shall vest on the end of the Performance Period subject to your continued service through such date; provided, however, upon your Termination prior to such date (x) by the Company or any of its Affiliates (or any of their respective successors) other than due to your death or Disability or Termination for Cause or (y) by you for Good Reason (as defined below), in each case, during the twenty-four (24) month period following the Change in Control, 

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  such Converted RSUs shall immediately vest and the issuance of the corresponding shares shall be made in respect of any such vested Converted RSUs as soon as practicable thereafter (but in no case more than thirty (30) days) following such vesting date.

  (1)If the Change in Control occurs during the first year of the Performance Period, the target number of Performance Stock Units will be deemed Earned Performance Stock Units and the remaining portion of your Award will be forfeited for no consideration immediately prior to such Change in Control. 

  (2)If the Change in Control occurs following the first year of the Performance Period, such number of Performance Stock Units will be deemed Earned Performance Stock Units based on the actual performance through the completed annual periods or through the date of a Change in Control, to the extent determinable and the remaining portion of your Award will be forfeited for no consideration immediately prior to such Change in Control.

  (ii)Notwithstanding the provisions of Section ‎2(‎c) hereof, if your Award is not assumed or a substantially equivalent award is not substituted therefor in connection with the Change in Control, the provisions of Section ‎2(‎c)‎(i) shall not apply and all Performance Stock Units subject to this Award shall be deemed earned at the target level with respect to the Performance Periods, unless the Committee determines otherwise in its discretion that such Awards shall be deemed earned at a level in excess of target level performance based on actual results or good-faith projections for the Performance Period and the remaining portion of your Award (if any) will be forfeited for no consideration.

  Good Reason.  For purposes of this Agreement, “Good Reason” has the meaning given to such term in a Participant Agreement, or if no such agreement exists or if “Good Reason” is not defined therein, “Good Reason” means the occurrence of any one or more of the following without your written consent: (1) a material reduction in your then-current base salary; (2) a material diminution in your authorities, duties, or responsibilities (other than as a result of the Company ceasing to be a publicly traded company); provided, that, you may not rely on any particular action or event as a basis for terminating your employment due to Good Reason unless you deliver a notice based on that action or event within thirty (30) days after its occurrence and the Service Recipient has failed to correct the circumstances cited by you as constituting Good Reason within thirty (30) days of receiving such notice, and you terminate employment within thirty (30) days following the Service Recipient’s failure to correct. 

  3.Number of Shares.  The number of Performance Stock Units subject to your Award may be adjusted from time to time for Capitalization Adjustments, as provided in the Plan.  Any additional Performance Stock Units, shares, cash or other property that becomes subject to the Award pursuant to this Section 3, if any, shall be subject, in a manner determined by the Board, to the same forfeiture restrictions, restrictions on transferability, and time and manner of delivery as applicable to the other Performance Stock Units covered by your Award.  Notwithstanding the provisions of this Section 3, no fractional shares or rights for fractional shares of Stock shall be created pursuant to this Section 3.  Any fraction of a share will be rounded down to the nearest whole share.

  4.Securities Law Compliance.  You may not be issued any shares of Stock under your Award unless the shares of Stock underlying the Performance Stock Units are then registered under the Securities Act or, if not registered, the Company has determined that such issuance of the shares would be exempt from the registration requirements of the Securities Act.  The issuance of shares of Stock must also comply with all other applicable laws and regulations governing the Award, and you shall not receive such Stock if the Company determines that such receipt would not be in material compliance with such laws and regulations.

  5.Transfer Restrictions.  Prior to the time that shares of Stock have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of this Award or the shares of Stock issuable in respect of your Award.  For example, you may not use shares that may be issued in respect of your Performance Stock Units as security for a loan.  The restrictions on transfer set forth herein will lapse upon delivery to you of shares in respect of your vested Performance Stock Units.

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  6.Date of Issuance.

  a.The issuance of shares in respect of the Performance Stock Units is intended to comply with Treasury Regulation Section 1.409A-1(b)(4) and will be construed and administered in such a manner.  In the event one or more Performance Stock Units vests, the Company shall issue to you one (1) share of Stock for each Performance Stock Unit that vests on the applicable vesting date (subject to any adjustment under Section 3 above) within thirty (30) days following such vesting date, but in no event later than March 15th following the end of the calendar year in which the Performance Period ended (or, in the event of Termination by the Service Recipient other than for Cause or due to your death or Disability, in no event later than thirty (30) days following such Termination).  The issuance date determined by this paragraph is referred to as the “Issuance Date”.

  b.If the Issuance Date falls on a date that is not a business day, delivery shall instead occur on the next following business day.  Notwithstanding the foregoing, if the Issuance Date does not occur (i) during an “open window period” applicable to you, (ii) on a date when you are permitted to sell shares of Stock pursuant to a written plan that meets the requirements of Rule 10b5-1 under the Exchange Act, as determined by the Company in accordance with the Company’s then-effective policy on trading in Company securities (the “Policy”) or (iii) on a date when you are otherwise permitted to sell shares of Stock on an established stock exchange or stock market, then such shares will not be delivered on such Issuance Date and will instead be delivered on the first business day of the next occurring “open window” period applicable to you pursuant to such Policy (regardless of whether you are still employed at such time) or the next business day when you are not prohibited from selling shares of Stock on the open market, but in no event later than the later of (x) December 31st of the calendar year in which the Issuance Date occurs (that is, the last day of your taxable year in which the Issuance Date occurs), or (y) to the extent permitted by Treasury Regulations Section 1.409A-1(b)(4), the fifteenth (15th) day of the third calendar month of the applicable year following the year in which the shares of Stock under this Award are no longer subject to a “substantial risk of forfeiture” within the meaning of Treasury Regulations Section 1.409A-1(d).

  c.The form of delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined by the Company.

  7.Dividend Equivalents.  Except where adjustments are provided pursuant to Section 11(a) of the Plan and Section ‎3 of this Agreement, if, prior to the Issuance Date, the Company declares a cash dividend in respect of shares of Stock, then, on the payment date of such dividend, the Company will credit to the Account a number of additional Performance Stock Units equal to the quotient obtained by dividing (i) the product of the total number of Performance Stock Units credited to the Account on the date of such dividend payment (other than previously settled or forfeited Performance Stock Units) times the per share amount of such dividend, by (ii) the Fair Market Value of a share of Stock on the date of such dividend payment.  Any such additional Performance Stock Units credited to the Account shall be subject to the same forfeiture restrictions, restrictions on transferability, and vesting conditions, and result in the issuance of shares of Stock at the same time and in the same manner, as the original underlying Performance Stock Units. If, prior to the Issuance Date, the Company declares a stock dividend in respect of shares of Stock, then, on the payment date of the stock dividend, the Account shall be credited with additional Performance Stock Units as if each Performance Stock Unit in the Account were a share of Stock.

  8.Restrictive Legends.  The shares of Stock issued under your Award shall be endorsed with appropriate legends as determined by the Company.

  9.Award Not a Service Contract.  This Agreement is not an employment or service contract, and nothing in this Agreement will be deemed to create in any way whatsoever any obligation on your part to continue in the employ or service of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment or service.

  10.Withholding Obligations.

  a.On or before the time you receive a distribution of the shares of Stock underlying your Award, and at any other time as reasonably requested by the Company in accordance with applicable tax laws, you hereby authorize any required withholding from the shares of Stock issuable to you and/or otherwise agree to make adequate provision in cash for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of 

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  the Company or any of its Affiliates that arise in connection with your Award (the “Withholding Taxes”).  Additionally, the Company or its Affiliate may, in its sole discretion, satisfy all or any portion of the Withholding Taxes obligation relating to your Award by any of the following means or by a combination of such means: (i) withholding from any compensation otherwise payable to you by the Company; (ii) causing you to tender a cash payment; (iii) permitting or requiring you to enter into a “same day sale” commitment, whereby Withholding Taxes may be satisfied with a portion of the shares of Stock to be delivered in connection with your Performance Stock Units by delivery of an irrevocable direction to a securities broker (on a form prescribed by the Committee) to sell a portion of the shares of Stock and to deliver all or part of the sale proceeds to the Company and/or its Affiliates in payment of the amount necessary to satisfy the Withholding Taxes obligation; (iv) withholding shares of Stock from the shares of Stock issued or otherwise issuable to you in connection with the Award with a Fair Market Value (measured as of the date shares of Stock are issued to pursuant to Section 6 hereof) equal to the amount of such Withholding Taxes; provided, that to the extent necessary to qualify for an exemption from application of Section 16(b) of the Exchange Act, if applicable, such share withholding procedure will be subject to the express prior approval of the Committee; or (v) such other arrangements as are satisfactory to the Committee.

  b.Unless the tax withholding obligations of the Company and/or its Affiliate are satisfied, the Company shall have no obligation to deliver to you any shares of Stock.

  11.Tax Consequences.  You hereby agree that the Company does not have a duty to design or administer the Plan or its other compensation programs in a manner that minimizes your tax liabilities.  You will not make any claim against the Company, or any of its officers, directors, employees or Affiliates related to tax liabilities arising from your Award or your other compensation.

  12.Notices.  Any notices provided for in your Award or the Plan will be given in writing (including electronically) and will be deemed effectively given upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company.  The Company may, in its sole discretion, decide to deliver any documents related to participation in the Plan and this Award by electronic means or to request your consent to participate in the Plan by electronic means.  By accepting this Award, you consent to receive such documents by electronic delivery and to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.

  13.Unsecured Obligation.  Your Award is unfunded, and as a holder of a vested Award, you shall be considered a general, unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares or other property pursuant to this Agreement.

  14.Governing Plan Document.  Your Award is subject to all the provisions of the Plan, the provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan.  If there is any conflict between the provisions of your Award and those of the Plan, the provisions of the Plan will control.  

  15.Clawback/Recoupment Policy.  Your Award (and any compensation paid or shares issued under your Award) is subject to recoupment in accordance with The Dodd-Frank Wall Street Reform and Consumer Protection Act and any implementing regulations thereunder, any incentive compensation clawback or recoupment policy currently in effect or as may be adopted by the Board (or a committee or subcommittee of the Board) and, in each case, as may be amended from time to time, and any compensation recovery policy otherwise required by applicable law.  

  16.Other Documents. You hereby acknowledge receipt of and the right to receive a document providing the information required by Rule 428(b)(1) promulgated under the Securities Act, which includes the Plan prospectus.  In addition, you acknowledge receipt of the Company’s Code of Ethical Conduct and Insider Trading Policy, which, among other things, prohibiting certain individuals to sell shares during certain “black-out” periods under, and as otherwise prohibited by, the Company’s insider trading policy, in effect from time to time.

  17.Effect on Other Employee Benefit Plans. The value of this Award will not be included as compensation, earnings, salaries, or other similar terms used when calculating your benefits under any employee 

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  benefit plan sponsored by the Company or any Affiliate, except as such plan otherwise expressly provides.  The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Affiliate’s employee benefit plans.

  18.Voting Rights. You will not have voting or any other rights as a stockholder of the Company with respect to the shares of Stock to be issued pursuant to this Award until such shares are issued to you.  Upon such issuance, you will obtain full voting and other rights as a stockholder of the Company.  Nothing contained in this Award, and no action taken pursuant to its provisions, will create or be construed to create a trust of any kind or a fiduciary relationship between you and the Company or any other person. 

  19.Severability.  If all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity will not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.

  20.Miscellaneous.

  a.The rights and obligations of the Company under your Award will be transferable to any one or more persons or entities, and all covenants and agreements hereunder will inure to the benefit of, and be enforceable by, the Company’s successors and assigns.

  b.You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of your Award.

  c.You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel prior to executing and accepting your Award and fully understand all provisions of your Award.

  d.This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required.

  e.All obligations of the Company under the Plan and this Agreement will be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.

  *        *        *

  This PSU Agreement will be deemed to be signed by you upon the signing by you of the Performance Stock Unit Grant Notice to which it is attached.

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  Attachment III

  2018 Equity Incentive Plan
(see attached)

   

   

   

  

   

  Attachment IV

  Amendment to 
Medallion Financial Corp.
2018 Equity Incentive Plan
(see attached)

   

   

  

   

  Attachment V

  Amendment No. 2 to 
Medallion Financial Corp.
2018 Equity Incentive Plan
(see attached)Exhibit
10.9

 

FORM
OF 

AMENDED
AND RESTATED

REGISTRATION RIGHTS AGREEMENT

 

THIS
AMENDED AND RESTATED REGISTRATION RIGHTS AGREEMENT (this “Agreement”), dated as of the [●] day of
______, 2022, is made and entered into by and among Abri SPAC I, Inc., a Delaware corporation (the “Company”),
the undersigned party listed under Investor on the signature page hereto (the “Investor”) and Chardan Capital
Markets, LLC, as the underwriter (the “Underwriter”) in connection with this Agreement.

 

WHEREAS,
reference is made to that certain Registration Rights Agreement, dated August 9, 2021, by and among the Company, the Investor and Chardan
Capital Markets, LLC as representative of the underwriter in connection with the IPO (as defined below) of the securities of the Company
(the “Original Registration Rights Agreement”), pursuant to which the Company granted the Investor and the
Underwriter certain registration rights with respect to certain securities of the Company, as set forth therein;

 

WHEREAS,
pursuant to Section 6.7 of the Original Registration Rights Agreement, the provisions, covenants and conditions set forth therein may
be amended or modified upon the written consent of the Company and the holders of at least a majority-in-interest of the “Registrable
Securities” (as defined in the Original Registration Rights Agreement);

 

WHEREAS,
the Company, Abri Merger Sub, Inc., a Delaware corporation (“Merger Sub”), DLQ, Inc. (“DLQ”),
and Logiq, Inc. the parent of DLQ have entered into that certain Merger Agreement (as may be amended from time to time, the “Merger
Agreement”), dated as of September 9, 2022, pursuant to which, on the Effective Date (as defined below), the Company, Merger
Sub and DLQ effected a merger of Merger Sub with and into DLQ (the “DLQ Merger”), upon which (a) Merger Sub
ceased to exist, (b) DLQ became a wholly owned subsidiary of the Company and (c) the outstanding shares of DLQ Common Stock converted
into the right to receive such number of shares of Common Stock (as defined below) as more fully described in the Merger Agreement. Capitalized
terms used, but not otherwise defined herein, shall have the meanings ascribed to such terms in the Merger Agreement.

 

WHEREAS,
the Investor, the Company and the Underwriter desire to amend and restate the Original Registration Rights Agreement in its entirety
and enter into this Agreement in connection with the closing of the transactions contemplated by the Merger Agreement and to amend and
restate the Original Registration Rights Agreement to provide the Investor, the Underwriter and holders of the Earnout Shares (as defined
below), with certain rights relating to the registration of certain securities of the Company, as set forth herein;

  

NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

1.
DEFINITIONS. The following capitalized terms used herein have the following meanings:

 

“Agreement”
means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time.

 

“Business
Day” means a day other than Saturday, Sunday or other day on which commercial banks in New York, New York are authorized
or required by law to close.

 

     

     

    

 

“Commission”
means the Securities and Exchange Commission, or any other federal agency then administering the Securities Act or the Exchange Act.

 

“Common
Stock” means the common stock, par value $0.0001 per share, of the Company.

 

“Company”
is defined in the preamble to this Agreement.

 

“Demand
Registration” is defined in Section 2.1.1.

 

“Demanding
Holder” is defined in Section 2.1.1.

 

“DLQ”
is defined in the preamble to this Agreement.

 

“DLQ
Merger” is defined in the preamble to this Agreement.

 

“Earnout
Shares” means (i) up to 1,000,000 shares of Common Stock to be issued to Investor in connection with the Earnout Agreement,
dated [ ], 2022, by and between the Company and the Investor and (ii) (i) up to 2,000,000 shares of Common Stock to be issued to certain
members of management of DLQ in connection with the Earnout Agreement, dated [ ], 2022, by and between the Company and certain members
of management (the “Management Earnout Shares”).

 

“Effective
Date” means the closing date of the DLQ Merger.

 

“Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder, all as the same shall be in effect at the time.

 

“Form
S-3” is defined in Section 2.3.

 

“Indemnified
Party” is defined in Section 4.3.

 

“Indemnifying
Party” is defined in Section 4.3.

 

“Initial
Shares” means the 1,433,480 shares of Common Stock issued to the Investor prior to the consummation of the Company’s
IPO.

 

“Investor”
is defined in the preamble to this Agreement.

 

“Investor
Indemnified Party” is defined in Section 4.1.

 

“IPO”
means the initial public offering of Company’s securities pursuant to a prospectus dated August 9, 2021.

 

“Maximum
Number of Shares” is defined in Section 2.1.4.

 

“Merger
Agreement” is defined in the preamble to this Agreement.

 

“Merger
Sub” is defined in the preamble to this Agreement.

 

“Notices”
is defined in Section 6.3.

 

“Original
Registration Rights Agreement” is defined in the preamble to this Agreement.

 

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“Person”
means a company, corporation, association, partnership, limited liability company, organization, joint venture, trust or other legal
entity, an individual, a government or political subdivision thereof or a governmental agency.

 

“Piggy-Back
Registration” is defined in Section 2.2.1.

 

“Private
Units” means the 294,598 Units the Investor privately purchased simultaneously with the consummation of the Company’s
IPO.

 

“Pro
Rata” is defined in Section 2.1.4.

 

“Register,”
“Registered” and “Registration” mean a registration effected by preparing and filing
a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable rules and
regulations promulgated thereunder, and such registration statement becoming effective.

 

“Registrable
Securities” means (i) the Initial Shares, (ii) the Private Units (and underlying shares of Common Stock, including the
shares of Common Stock issued or issuable upon the exercise of any Warrants), (iii) the Earnout Shares, if any, (iv) the Units included
in the Unit Purchase Option (and underlying shares of Common Stock, including the shares of Common Stock issued or issuable upon the
exercise of any Warrants), if any, and (v) any securities issuable upon conversion of loans from Investor to the Company, if any (the
“Loan Securities”). Registrable Securities include any warrants, shares of capital stock or other securities
of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of such (i) Initial Shares,
(ii) Private Units (and underlying shares of Common Stock including the shares of Common Stock issued or issuable upon the exercise of
any Warrants), (iii)) Earnout Shares, (iv) Units included in the Unit Purchase Option, (and underlying shares of Common Stock, including
the shares of Common Stock issued or issuable upon the exercise of any Warrants), and (v) Loan Securities. As to any particular Registrable
Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such
securities shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or
exchanged in accordance with such Registration Statement; (b) such securities shall have been otherwise transferred, new certificates
for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent public distribution
of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding, or (d) the
Registrable Securities are freely saleable under Rule 144 without volume limitations.

 

“Registration
Statement” means a registration statement filed by the Company with the Commission in compliance with the Securities Act
and the rules and regulations promulgated thereunder for a public offering and sale of equity securities, or securities or other obligations
exercisable or exchangeable for, or convertible into, equity securities (other than a registration statement on Form S-4 or Form S-8,
or their successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets
of another entity).

 

“Securities
Act” means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder,
all as the same shall be in effect at the time.

 

“Underwriter”
means, solely for the purposes of this Agreement, Chardan Capital Markets, LLC as a securities dealer who purchases any Registrable Securities
as principal in an Underwritten Offering and not as part of such dealer’s market-making activities.

 

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“Underwritten
Offering” means a Registration in which securities of the Company are sold to the Underwriter in a firm commitment underwriting
for distribution to the public.

 

“Unit
or Units” means the units of the Company, each Unit comprised of one share of Common Stock and one redeemable Warrant to
acquire one share of Common Stock at a price of $11.50 per share.

 

“Unit
Purchase Option” means the Underwriter’s option to purchase up to 300,000 Units at $11.50 per Unit.

 

“Warrant(s)”
means the warrants of the Company exercisable to acquire one share of Common Stock at a price of $11.50 per share.

 

		2.	REGISTRATION
                                            RIGHTS.

 

		2.1.	Demand
                                            Registration.

 

		2.1.1.	Demand
                                            Registration Rights. At any time and from time to time on or after the Effective Date,
                                            the holders of (y) a majority-in-interest of the Registrable Securities (excluding the Management
                                            Earnout Shares), on the one hand, or (z) a majority-in-interest of the Management Earnout
                                            Shares held by Company affiliates, on the other hand, as the case may be, and/or their respective
                                            transferees, may make a written demand, on no more than two occasions in any twelve month
                                            period, for registration under the Securities Act on Form S-1 (except if the Company is then
                                            eligible to register the Registrable Securities on Form S-3, then such registration shall
                                            be on Form S-3) of all or part of their Registrable Securities, as the case may be (a “Demand
                                            Registration”). Any demand for a Demand Registration shall specify the number
                                            of shares of Registrable Securities proposed to be sold and the intended method(s) of distribution
                                            thereof. The Company will notify all holders of Registrable Securities of the demand, within
                                            five (5) days after the receipt by the Company of such Demand Registration, and each holder
                                            of Registrable Securities who wishes to include all or a portion of such holder’s Registrable
                                            Securities in the Demand Registration (each such holder including shares of Registrable Securities
                                            in such registration, a “Demanding Holder”) shall so notify the
                                            Company within fifteen (15) days after the receipt by the holder of the notice from the Company.
                                            Upon any such request, the Demanding Holders shall be entitled to have their Registrable
                                            Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos
                                            set forth in Section 3.1.1. Upon receipt of a Demand Registration (a) the Company agrees
                                            to file a Registration Statement with the Commission with respect to such Demand Registration
                                            not later than thirty (30) days after the receipt by the Company of such Demand Registration
                                            (the “Filing Deadline”) or (b) if a Registration Statement with
                                            respect to the Registrable Securities has been previously declared effective, the Company
                                            shall use its commercially reasonable efforts to keep such Registration Statement continuously
                                            effective under the Securities Act until such time as there are no Registrable Securities
                                            outstanding. The Company agrees to pay the Investor a cash penalty of $25,000 per day (x)
                                            for each day beyond the Filing Deadline for which it has failed to file such Registration
                                            Statement with the Commission or (y) if a Registration Statement with respect to the Registrable
                                            Securities has previously been declared effective, for each day that such Registration Statement
                                            is not continuously effective under the Securities Act, until such time as there are no Registrable
                                            Securities outstanding. The Company shall not be obligated to effect more than an aggregate
                                            of two (2) Demand Registrations per calendar year under this Section 2.1.1 in respect of
                                            all Registrable Securities. Notwithstanding the foregoing, the Underwriter and its related
                                            persons may not have more than one Demand Registration at the Company’s expense.

 

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		2.1.2.	Effective
                                            Registration. A registration will not count as a Demand Registration until (A) the Registration
                                            Statement filed with the Commission with respect to such Demand Registration has been declared
                                            effective by the Commission and the Company has complied with all of its obligations under
                                            this Agreement with respect thereto, and (B) the Registration Statement has remained effective
                                            continuously until the earlier of (x) one (1) year after being declared effective, or (y)
                                            the date on which all of the Registrable Securities requested by the Demanding Holders to
                                            be registered in such Registration Statement have been sold; provided, however,
                                            that if, after such Registration Statement has been declared effective, the offering of Registrable
                                            Securities pursuant to a Demand Registration is interfered with by any stop order or injunction
                                            of the Commission or any other governmental agency or court, the Registration Statement with
                                            respect to such Demand Registration will be deemed not to have been declared effective, unless
                                            and until, (i) such stop order or injunction is removed, rescinded or otherwise terminated,
                                            and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the
                                            offering; provided, further, that the Company shall not be obligated to file a second Registration
                                            Statement until a Registration Statement that has been filed is counted as a Demand Registration
                                            or is terminated.

  

		2.1.3.	Underwritten
                                            Offering pursuant to Demand Registration. If a majority-in-interest of the Demanding
                                            Holders so elect and such holders so advise the Company as part of their written demand for
                                            a Demand Registration, the offering of such Registrable Securities pursuant to such Demand
                                            Registration shall be in the form of an Underwritten Offering. In such event, the right of
                                            any holder to include its Registrable Securities in such registration shall be conditioned
                                            upon such holder’s participation in such underwriting and the inclusion of such holder’s
                                            Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders
                                            proposing to distribute their Registrable Securities through such underwriting shall enter
                                            into an underwriting agreement in customary form with the Underwriter or underwriters selected
                                            for such Underwritten Offering by a majority-in-interest of the holders initiating the Demand
                                            Registration.

 

		2.1.4.	Reduction
                                            of Underwritten Offering in Connection with Demand Registration. If the Underwriter or
                                            the managing underwriters in an Underwritten Offering effected pursuant to a Demand Registration
                                            in good faith advises the Company and the Demanding Holders in writing that the dollar amount
                                            or number of shares of Registrable Securities which the Demanding Holders desire to sell,
                                            taken together with all other shares of Common Stock or other securities which the Company
                                            desires to sell and the shares of Common Stock, if any, as to which a registration has been
                                            requested pursuant to separate written contractual piggy-back registration rights held by
                                            other stockholders of the Company who desire to sell, exceeds the maximum dollar amount or
                                            maximum number of shares that can be sold in such Underwritten Offering without adversely
                                            affecting the proposed offering price, the timing, the distribution method or the probability
                                            of success of such offering (such maximum dollar amount or maximum number of shares, as applicable,
                                            the “Maximum Number of Shares”), then the Company shall include
                                            in such registration: (i) first, the Registrable Securities as to which Demand Registration
                                            has been requested by the Demanding Holders (pro rata in accordance with the number of shares
                                            that each such Demanding Holder has requested be included in such registration, regardless
                                            of the number of shares held by each such Demanding Holder (such proportion is referred to
                                            herein as “Pro Rata”)) that can be sold without exceeding the Maximum
                                            Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been
                                            reached under the foregoing clause (i), the shares of Common Stock or other securities that
                                            the Company desires to sell that can be sold without exceeding the Maximum Number of Shares;
                                            and (iii) third, to the extent that the Maximum Number of Shares has not been reached under
                                            the foregoing clauses (i) and (ii), the shares of Common Stock or other securities for the
                                            account of other persons that the Company is obligated to register pursuant to other written
                                            contractual arrangements with such persons and that can be sold without exceeding the Maximum
                                            Number of Shares.

 

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		2.1.5.	Demand
                                            Registration Withdrawal. If a majority-in-interest of the Demanding Holders disapprove
                                            of the terms of any Underwritten Offering or are not entitled to include all of their Registrable
                                            Securities in any Underwritten Offering, such majority-in-interest of the Demanding Holders
                                            may elect to withdraw from such offering by giving written notice to the Company and the
                                            Underwriter or underwriters of their request to withdraw prior to the effectiveness of the
                                            Registration Statement filed with the Commission with respect to such Demand Registration.
                                            If the majority-in-interest of the Demanding Holders withdraws from a proposed Underwritten
                                            Offering relating to a Demand Registration, then such registration shall not count as a Demand
                                            Registration provided for in this Section 2.1.

  

		2.2.	Piggy-Back
                                            Registration.

 

		2.2.1.	Piggy-Back
                                            Registration Rights. If at any time on or after the Effective Date, the Company proposes
                                            to file a Registration Statement under the Securities Act with respect to an offering of
                                            equity securities, or securities or other obligations exercisable or exchangeable for, or
                                            convertible into, equity securities, by the Company for its own account or for stockholders
                                            of the Company for their account (or by the Company and by stockholders of the Company including,
                                            without limitation, pursuant to Section 2.1), other than a Registration Statement (i) filed
                                            in connection with any employee stock option or other benefit plan, or (ii) for a stock dividend
                                            or dividend reinvestment plan, then the Company shall (x) give written notice of such proposed
                                            filing to the holders of Registrable Securities as soon as practicable but in no event less
                                            than ten (10) days before the anticipated filing date of such Registration Statement, which
                                            notice shall describe the amount and type of securities to be included in such offering,
                                            the intended method(s) of distribution, and the name of the proposed managing underwriter
                                            or underwriters, if any, of the offering, and (y) offer to the holders of Registrable Securities
                                            in such notice the opportunity to register the sale of such number of shares of Registrable
                                            Securities as such holders may request in writing within five (5) days following receipt
                                            of such notice (a “Piggy-Back Registration”). The Company shall
                                            cause such Registrable Securities to be included in such registration and shall use its best
                                            efforts to cause the managing underwriter or underwriters of a proposed Underwritten Offering
                                            to permit the Registrable Securities requested to be included in a Piggy-Back Registration
                                            on the same terms and conditions as any similar securities of the Company and to permit the
                                            sale or other disposition of such Registrable Securities in accordance with the intended
                                            method(s) of distribution thereof. All holders of Registrable Securities proposing to distribute
                                            their Registrable Securities through a Piggy-Back Registration that involves an Underwriter
                                            or Underwriters shall enter into an underwriting agreement in customary form with the Underwriter
                                            or Underwriters selected for such Piggy-Back Registration. Notwithstanding the provisions
                                            set forth in the immediately preceding sentences, the right to a Piggy-Back Registration
                                            set forth under this Section 2.2.1 with respect to the Registrable Securities shall terminate
                                            on the seventh anniversary of the Effective Date.

 

    6

     

    

 

		2.2.2.	Reduction
                                            of Underwritten Offering in Connection with Piggy-Back Registration. If the managing
                                            Underwriter or Underwriters for a Piggy-Back Registration that is to be an Underwritten Offering
                                            advises the Company and the holders of Registrable Securities participating in the Underwritten
                                            Offering in writing that the dollar amount or number of shares of Common Stock which the
                                            Company desires to sell in such Underwritten Offering, taken together with the shares of
                                            Common Stock, if any, as to which inclusion in such Underwritten Offering has been demanded
                                            pursuant to separate written contractual arrangements with persons other than the holders
                                            of Registrable Securities hereunder, the Registrable Securities as to which inclusion in
                                            such Underwritten Offering has been requested under this Section 2.2.1 above, and the shares
                                            of Common Stock, if any, as to which inclusion in such Underwritten Offering has been requested
                                            pursuant to the written contractual piggy-back registration rights of other stockholders
                                            of the Company, exceeds the Maximum Number of Shares, then the Company shall include in any
                                            such registration:

 

		a)	If
                                            the Underwritten Offering is undertaken for the Company’s account: (A) first, the shares
                                            of Common Stock or other equity securities that the Company desires to sell in such Underwritten
                                            Offering that can be sold without exceeding the Maximum Number of Shares; (B) second, to
                                            the extent that the Maximum Number of Shares has not been reached under the foregoing clause
                                            (A), the shares of Common Stock or other securities, if any, comprised of Registrable Securities,
                                            as to which registration has been requested pursuant to the applicable written contractual
                                            piggy-back registration rights of such security holders, Pro Rata, that can be sold without
                                            exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number
                                            of Shares has not been reached under the foregoing clauses (A) and (B), the shares of Common
                                            Stock or other securities for the account of other persons that the Company is obligated
                                            to register pursuant to written contractual piggy-back registration rights with such persons
                                            and that can be sold without exceeding the Maximum Number of Shares;

 

		b)	If
                                            the registration is a “demand” registration undertaken at the demand of persons
                                            other than either the holders of Registrable Securities, (A) first, the shares of Common
                                            Stock or other securities for the account of the demanding persons that can be sold without
                                            exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number
                                            of Shares has not been reached under the foregoing clause (A), the shares of Common Stock
                                            or other securities that the Company desires to sell that can be sold without exceeding the
                                            Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has
                                            not been reached under the foregoing clauses (A) and (B), collectively the shares of Common
                                            Stock or other securities comprised of Registrable Securities, Pro Rata, as to which registration
                                            has been requested pursuant to the terms hereof, that can be sold without exceeding the Maximum
                                            Number of Shares; and (D) fourth, to the extent that the Maximum Number of Shares has not
                                            been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or
                                            other securities for the account of other persons that the Company is obligated to register
                                            pursuant to written contractual arrangements with such persons, that can be sold without
                                            exceeding the Maximum Number of Shares.

 

    7

     

    

 

		2.2.3.	Piggy-Back
                                            Registration Withdrawal. Any holder of Registrable Securities may elect to withdraw such
                                            holder’s request for inclusion of Registrable Securities in any Piggy-Back Registration
                                            by giving written notice to the Company of such request to withdraw prior to the effectiveness
                                            of the Registration Statement. The Company (whether on its own determination or as the result
                                            of a withdrawal by persons making a demand pursuant to written contractual obligations) may
                                            withdraw a Registration Statement at any time prior to the effectiveness of such Registration
                                            Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred
                                            by the holders of Registrable Securities in connection with such Piggy-Back Registration
                                            as provided in Section 3.3.

 

		2.2.4.	Unlimited
                                            Piggy-back Registration Rights. For purposes of clarity, any Registration or Underwritten
                                            Offering effected pursuant to Section 2.2. hereof shall not be counted as a Demand Registration
                                            effected pursuant to Section 2.1 hereof. 

 

		2.3.	Registrations
                                            on Form S-3. 

 

The
holders of Registrable Securities may at any time and from time to time, request in writing that the Company, pursuant to Rule 415 under
the Securities Act (or any successor rule promulgated thereafter by the Commission), register the resale of any or all of such Registrable
Securities on Form S-3 or any similar short-form registration which may be available at such time (“Form S-3”);
provided, however, that (i) the Company shall not be obligated to effect such request through an Underwritten Offering and (ii) the Company
shall not be obligated to effect more than two such requests. Upon receipt of such written request, the Company will promptly give written
notice of the proposed registration to all other holders of Registrable Securities, and, as soon as practicable thereafter, effect the
registration of all or such portion of such holder’s or holders’ Registrable Securities as are specified in such request,
together with all or such portion of the Registrable Securities or other securities of the Company, if any, of any other holder or holders
joining in such request as are specified in a written request given within fifteen (15) days after receipt of such written notice from
the Company; provided, however, that the Company shall not be obligated to effect any such registration pursuant to this
Section 2.3: (i) if Form S-3 is not available for such offering; or (ii) if the holders of the Registrable Securities, together with
the holders of any other securities of the Company entitled to inclusion in such registration, propose to sell Registrable Securities
and such other securities (if any) at any aggregate price to the public of less than $10,000,000. Registrations effected pursuant to
this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.1.

 

		3.	REGISTRATION
                                            PROCEDURES.

 

		3.1.	Filings;
                                            Information. 

 

Whenever
the Company is required to effect the registration of any Registrable Securities pursuant to Section 2, the Company shall use its best
efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method(s) of distribution
thereof as expeditiously as practicable, and in connection with any such request:

 

		3.1.1.	Filing
                                            Registration Statement; Restriction on Registration Rights. The Company shall use its
                                            best efforts to, as expeditiously as possible after receipt of a request for a Demand Registration
                                            pursuant to Section 2.1, prepare and file with the Commission a Registration Statement on
                                            any form for which the Company then qualifies or which counsel for the Company shall deem
                                            appropriate and which form shall be available for the sale of all Registrable Securities
                                            to be registered thereunder in accordance with the intended method(s) of distribution thereof,
                                            and shall use its best efforts to cause such Registration Statement to become effective and
                                            use its best efforts to keep it effective for the period required by Section 3.1.3; provided,
                                            however, that the Company shall have the right to defer any Demand Registration for
                                            up to ninety (90) days, and any Piggy-Back Registration for such period as may be applicable
                                            to deferment of any demand registration to which such Piggy-Back Registration relates, in
                                            each case if the Company shall furnish to the holders a certificate signed by Chief Executive
                                            Officer or Chairman of the Company stating that, in the good faith judgment of the Board
                                            of Directors of the Company, it would be materially detrimental to the Company and its stockholders
                                            for such Registration Statement to be effected at such time; provided further, that
                                            the Company shall not have the right to exercise the right set forth in this provision more
                                            than once in any 365-day period in respect of a Demand Registration hereunder.

 

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		3.1.2.	Copies.
                                            The Company shall, prior to filing a Registration Statement or prospectus, or any amendment
                                            or supplement thereto, furnish without charge to the holders of Registrable Securities included
                                            in such registration, and such holders’ legal counsel, copies of such Registration
                                            Statement as proposed to be filed, each amendment and supplement to such Registration Statement
                                            (in each case including all exhibits thereto and documents incorporated by reference therein
                                            except for such exhibits and documents available on the Commission’s Electronic Data
                                            Gathering, Analysis and Retrieval System), the prospectus included in such Registration Statement
                                            (including each preliminary prospectus), and such other documents as the holders of Registrable
                                            Securities included in such registration or legal counsel for any such holders may request
                                            in order to facilitate the disposition of the Registrable Securities owned by such holders.

 

		3.1.3.	Amendments
                                            and Supplements. The Company shall prepare and file with the Commission such amendments,
                                            including post-effective amendments, and supplements to such Registration Statement and the
                                            prospectus used in connection therewith as may be necessary to keep such Registration Statement
                                            effective and in compliance with the provisions of the Securities Act until all Registrable
                                            Securities and other securities covered by such Registration Statement have been disposed
                                            of in accordance with the intended method(s) of distribution set forth in such Registration
                                            Statement or such securities have been withdrawn.

 

		3.1.4.	Notification.
                                            After the filing of a Registration Statement, the Company shall promptly, and in no event
                                            more than two (2) Business Days after such filing, notify the holders of Registrable Securities
                                            included in such Registration Statement of such filing, and shall further notify such holders
                                            promptly and confirm such advice in writing in all events within two (2) Business Days of
                                            the occurrence of any of the following: (i) when such Registration Statement becomes effective;
                                            (ii) when any post-effective amendment to such Registration Statement becomes effective;
                                            (iii) the issuance or threatened issuance by the Commission of any stop order (and the Company
                                            shall take all actions required to prevent the entry of such stop order or to remove it if
                                            entered); and (iv) any request by the Commission for any amendment or supplement to such
                                            Registration Statement or any prospectus relating thereto or for additional information or
                                            of the occurrence of an event requiring the preparation of a supplement or amendment to such
                                            prospectus so that, as thereafter delivered to the purchasers of the securities covered by
                                            such Registration Statement, such prospectus will not contain an untrue statement of a material
                                            fact or omit to state any material fact required to be stated therein or necessary to make
                                            the statements therein not misleading, and promptly make available to the holders of Registrable
                                            Securities included in such Registration Statement any such supplement or amendment; except
                                            that before filing with the Commission a Registration Statement or prospectus or any amendment
                                            or supplement thereto, including documents incorporated by reference, the Company shall furnish
                                            to the holders of Registrable Securities included in such Registration Statement and to the
                                            legal counsel for any such holders, copies of all such documents proposed to be filed sufficiently
                                            in advance of filing to provide such holders and legal counsel with a reasonable opportunity
                                            to review such documents and comment thereon, and the Company shall not file any Registration
                                            Statement or prospectus or amendment or supplement thereto, including documents incorporated
                                            by reference, to which such holders or their legal counsel shall object.

 

		3.1.5.	State
                                            Securities Laws Compliance. The Company shall use its best efforts to (i) register or
                                            qualify the Registrable Securities covered by the Registration Statement under such securities
                                            or “blue sky” laws of such jurisdictions in the United States as the holders
                                            of Registrable Securities included in such Registration Statement (in light of their intended
                                            plan of distribution) may request and (ii) take such action necessary to cause such Registrable
                                            Securities covered by the Registration Statement to be registered with or approved by such
                                            other governmental authorities as may be necessary by virtue of the business and operations
                                            of the Company and do any and all other acts and things that may be necessary or advisable
                                            to enable the holders of Registrable Securities included in such Registration Statement to
                                            consummate the disposition of such Registrable Securities in such jurisdictions; provided,
                                            however, that the Company shall not be required to qualify generally to do business in any
                                            jurisdiction where it would not otherwise be required to qualify but for this paragraph or
                                            subject itself to taxation in any such jurisdiction.

 

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		3.1.6.	Agreements
                                            for Disposition. The Company shall enter into customary agreements (including, if applicable,
                                            an underwriting agreement in customary form) and take such other actions as are reasonably
                                            required in order to expedite or facilitate the disposition of such Registrable Securities.
                                            The representations, warranties and covenants of the Company in any underwriting agreement
                                            which are made to or for the benefit of any Underwriters, to the extent applicable, shall
                                            also be made to and for the benefit of the holders of Registrable Securities included in
                                            such registration statement. No holder of Registrable Securities included in such registration
                                            statement shall be required to make any representations or warranties in the underwriting
                                            agreement except, if applicable, with respect to such holder’s organization, good standing,
                                            authority, title to Registrable Securities, lack of conflict of such sale with such holder’s
                                            material agreements and organizational documents, and with respect to written information
                                            relating to such holder that such holder has furnished in writing expressly for inclusion
                                            in such Registration Statement.

 

		3.1.7.	Cooperation.
                                            The principal executive officer of the Company, the principal financial officer of the Company,
                                            the principal accounting officer of the Company and all other officers and members of the
                                            management of the Company shall cooperate in all reasonable respects in any offering of Registrable
                                            Securities hereunder, which cooperation shall include, without limitation, the preparation
                                            of the Registration Statement with respect to such offering and all other offering materials
                                            and related documents, and participation in meetings with Underwriters, attorneys, accountants
                                            and potential investors.

 

		3.1.8.	Records.
                                            The Company shall make available for inspection by the holders of Registrable Securities
                                            included in such Registration Statement, any Underwriter participating in any disposition
                                            pursuant to such registration statement and any attorney, accountant or other professional
                                            retained by any holder of Registrable Securities included in such Registration Statement
                                            or any Underwriter, all financial and other records, pertinent corporate documents and properties
                                            of the Company, as shall be necessary to enable them to exercise their due diligence responsibility,
                                            and cause the Company’s officers, directors and employees to supply all information
                                            reasonably requested by any of them in connection with such Registration Statement.

 

		3.1.9.	Opinions
                                            and Comfort Letters. Upon request, the Company shall furnish to each holder of Registrable
                                            Securities included in any Registration Statement a signed counterpart, addressed to such
                                            holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii)
                                            any comfort letter from the Company’s independent public accountants delivered to any
                                            Underwriter. In the event no legal opinion is delivered to any Underwriter, the Company shall
                                            furnish to each holder of Registrable Securities included in such Registration Statement,
                                            at any time that such holder elects to use a prospectus, an opinion of counsel to the Company
                                            to the effect that the Registration Statement containing such prospectus has been declared
                                            effective and that no stop order is in effect.

 

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		3.1.10.	Earnings
                                            Statement. The Company shall comply with all applicable rules and regulations of the
                                            Commission and the Securities Act, and make available to its stockholders, as soon as practicable,
                                            an earnings statement covering a period of twelve (12) months, which earnings statement shall
                                            satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder.

 

		3.1.11.	Listing.
                                            The Company shall use its best efforts to cause all Registrable Securities included in any
                                            registration to be listed on such exchanges or otherwise designated for trading in the same
                                            manner as similar securities issued by the Company are then listed or designated or, if no
                                            such similar securities are then listed or designated, in a manner satisfactory to the holders
                                            of a majority of the Registrable Securities included in such registration.

 

		3.1.12.	Road
                                            Show. If the registration involves the registration of Registrable Securities involving
                                            gross proceeds in excess of $25,000,000, the Company shall use its reasonable efforts to
                                            make available senior executives of the Company to participate in customary “road show”
                                            presentations that may be reasonably requested by the Underwriter in any Underwritten Offering.

 

		3.1.13.	Regulation
                                            M. The Company shall take no direct or indirect action prohibited by Regulation M under
                                            the Exchange Act; provided, that, to the extent that any prohibition is applicable to the
                                            Company, the Company will take all reasonable action to make any such prohibition inapplicable.

 

		3.2.	Obligation
                                            to Suspend Distribution.

 

Upon
receipt of any notice from the Company of the happening of any event of the kind described in Section 3.1.4(iv), or, in the case of a
resale registration, on Form S-1 or other applicable form pursuant to Section 2.1 hereof, or Form S-3 pursuant to Section 2.3 hereof,
upon any suspension by the Company, pursuant to a written insider trading compliance program adopted by the Company’s Board of
Directors, of the ability of all “insiders” covered by such program to transact in the Company’s securities because
of the existence of material non-public information, each holder of Registrable Securities included in any registration shall immediately
discontinue disposition of such Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until
such holder receives the supplemented or amended prospectus contemplated by Section 3.1.4(iv) or the restriction on the ability of “insiders”
to transact in the Company’s securities is removed, as applicable, and, if so directed by the Company, each such holder will deliver
to the Company all copies, other than permanent file copies then in such holder’s possession, of the most recent prospectus covering
such Registrable Securities at the time of receipt of such notice.

 

		3.3.	Registration
                                            Expenses. 

 

The
Company shall bear all costs and expenses incurred in connection with any Demand Registration pursuant to Section 2.1 (as limited by
Section 2.1.1), any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to Section 2.3,
and all expenses incurred in performing or complying with its other obligations under this Agreement, whether or not the Registration
Statement becomes effective, including, without limitation: (i) all registration and filing fees; (ii) fees and expenses of compliance
with securities or “blue sky” laws (including fees and disbursements of counsel in connection with blue sky qualifications
of the Registrable Securities); (iii) printing expenses; (iv) the Company’s internal expenses (including, without limitation, all
salaries and expenses of its officers and employees); (v) the fees and expenses incurred in connection with the listing of the Registrable
Securities as required by Section 3.1.11; (vi) Financial Industry Regulatory Authority fees; (vii) fees and disbursements of counsel
for the Company and fees and expenses for independent certified public accountants retained by the Company (including the expenses or
costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the reasonable fees
and expenses of any special experts retained by the Company in connection with such registration and (ix) the reasonable fees and expenses
of one legal counsel selected by the holders of a majority-in-interest of the Registrable Securities included in such registration. The
Company shall have no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities
being sold by the holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally,
in an Underwritten Offering, all selling stockholders and the Company shall bear the expenses of the Underwriter pro rata in proportion
to the respective amount of shares each is selling in such offering.

 

    11

     

    

 

		3.4.	Holder’s
                                            Information

 

The
holders of Registrable Securities shall provide such information as may reasonably be requested by the Company, or the managing Underwriter,
if any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect
the registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the Company’s
obligation to comply with federal and applicable state securities laws.

 

The
Company’s obligations to include the Registrable Securities in any Registration Statement under this Agreement are contingent upon
each holder of Registrable Securities furnishing in writing to the Company such information regarding such holder, the securities of
the Company held by holder and the intended method of disposition of the Registrable Securities as shall be reasonably requested by the
Company to effect the registration of the Registrable Securities, and such holder shall execute such documents in connection with such
registration as the Company may reasonably request that are customary of a selling stockholder in similar situations. 

 

		4.	INDEMNIFICATION
                                            AND CONTRIBUTION.

 

		4.1.	Indemnification
                                            by the Company.

 

The
Company agrees to indemnify and hold harmless each Investor and each other holder of Registrable Securities, and each of their respective
officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls an Investor
and each other holder of Registrable Securities (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange
Act) (each, an “Investor Indemnified Party”), from and against any expenses, losses, judgments, claims, damages
or liabilities, whether joint or several, arising out of or based upon any untrue statement (or allegedly untrue statement) of a material
fact contained in (or incorporated by reference in) any Registration Statement under which the sale of such Registrable Securities was
registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration
Statement, or free writing prospectus (as defined in Rule 405 under the Securities Act or any successor rule thereof), or any amendment
or supplement to such Registration Statement, or any filing under any state securities law required to be filed or furnished, or arising
out of or based upon any omission (or alleged omission) to state a material fact required to be stated therein or necessary to make the
statements therein not misleading, or any violation by the Company of the Securities Act or any rule or regulation promulgated thereunder
applicable to the Company and relating to action or inaction required of the Company in connection with any such registration; and the
Company shall promptly reimburse the Investor Indemnified Party for any legal and any other expenses reasonably incurred by such Investor
Indemnified Party in connection with investigating and defending any such expense, loss, judgment, claim, damage, liability or action;
provided, however, that the Company will not be liable in any such case to the extent that any such expense, loss, claim,
damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission
made in such Registration Statement, preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or supplement,
in reliance upon and in conformity with information furnished to the Company, in writing, by such selling holder expressly for use therein.
The Company also shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors, partners, members
and agents and each person who controls such Underwriter on substantially the same basis as that of the indemnification provided above
in this Section 4.1.

 

    12

     

    

 

		4.2.	Indemnification
                                            by Holders of Registrable Securities.

 

Each
selling holder of Registrable Securities will, in the event that any registration is being effected under the Securities Act pursuant
to this Agreement of any Registrable Securities held by such selling holder, indemnify and hold harmless the Company, each of its directors
and officers and each Underwriter (if any), and each other selling holder and each other person, if any, who controls another selling
holder or such Underwriter within the meaning of the Securities Act, against any losses, claims, judgments, damages or liabilities, whether
joint or several, insofar as such losses, claims, judgments, damages or liabilities (or actions in respect thereof) arise out of or are
based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which
the sale of such Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary
prospectus contained in the Registration Statement, or any amendment or supplement to the Registration Statement, or arise out of or
are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make the statement
therein not misleading, if the statement or omission was made in reliance upon and in conformity with information furnished in writing
to the Company by such selling holder expressly for use therein, and shall reimburse the Company, its directors and officers, each Underwriter
(if any) and each other selling holder or controlling Person for any legal or other expenses reasonably incurred by any of them in connection
with investigation or defending any such loss, claim, damage, liability or action. Each selling holder’s indemnification obligations
hereunder shall be several and not joint and shall be limited to the amount of any net proceeds (after payment of any underwriting fees,
discounts, commissions or taxes) actually received by such selling holder.

 

		4.3.	Conduct
                                            of Indemnification Proceedings.

 

Promptly
after receipt by any person of any notice of any loss, claim, damage or liability or any action in respect of which indemnity may be
sought pursuant to Section 4.1 or 4.2, such person (the “Indemnified Party”) shall, if a claim in respect thereof
is to be made against any other person for indemnification hereunder, notify such other person (the “Indemnifying Party”)
in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party to
notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such
Indemnified Party hereunder, except and solely to the extent the Indemnifying Party is actually prejudiced by such failure. If the Indemnified
Party is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the Indemnifying Party
shall be entitled to participate in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying Parties,
to assume control of the defense thereof with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party
to the Indemnified Party of its election to assume control of the defense of such claim or action, the Indemnifying Party shall not be
liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the
defense thereof other than reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party
and the Indemnifying Party are named as defendants, the Indemnified Party shall have the right to employ separate counsel (but no more
than one such separate counsel) to represent the Indemnified Party and its controlling persons who may be subject to liability arising
out of any claim in respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and
expenses of such counsel to be paid by such Indemnifying Party if, based upon the written opinion of counsel of such Indemnified Party,
representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.
No Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement
of any claim or pending or threatened proceeding in respect of which the Indemnified Party is or could have been a party and indemnity
could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional release of such
Indemnified Party from all liability arising out of such claim or proceeding.

 

    13

     

    

 

		4.4.	Contribution.

 

		4.4.1.	If
                                            the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable
                                            to any Indemnified Party in respect of any loss, claim, damage, liability or action referred
                                            to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party,
                                            shall contribute to the amount paid or payable by such Indemnified Party as a result of such
                                            loss, claim, damage, liability or action in such proportion as is appropriate to reflect
                                            the relative fault of the Indemnified Parties and the Indemnifying Parties in connection
                                            with the actions or omissions which resulted in such loss, claim, damage, liability or action,
                                            as well as any other relevant equitable considerations. The relative fault of any Indemnified
                                            Party and any Indemnifying Party shall be determined by reference to, among other things,
                                            whether the untrue or alleged untrue statement of a material fact or the omission or alleged
                                            omission to state a material fact relates to information supplied by such Indemnified Party
                                            or such Indemnifying Party and the parties’ relative intent, knowledge, access to information
                                            and opportunity to correct or prevent such statement or omission.

 

		4.4.2.	The
                                            parties hereto agree that it would not be just and equitable if contribution pursuant to
                                            this Section 4.4 were determined by pro rata allocation or by any other method of allocation
                                            which does not take account of the equitable considerations referred to in the immediately
                                            preceding Section 4.4.1.

 

		4.4.3.	The
                                            amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability
                                            or action referred to in the immediately preceding paragraph shall be deemed to include,
                                            subject to the limitations set forth above, any legal or other expenses incurred by such
                                            Indemnified Party in connection with investigating or defending any such action or claim.
                                            Notwithstanding the provisions of this Section 4.4, no holder of Registrable Securities shall
                                            be required to contribute any amount in excess of the dollar amount of the net proceeds (after
                                            payment of any underwriting fees, discounts, commissions or taxes) actually received by such
                                            selling holder from the sale of Registrable Securities which gave rise to such contribution
                                            obligation. No person guilty of fraudulent misrepresentation (within the meaning of Section
                                            11(f) of the Securities Act) shall be entitled to contribution from any person who was not
                                            guilty of such fraudulent misrepresentation.

 

		5.	RULE
                                            144.

 

		5.1.	Rule
                                            144. The Company covenants that it shall file any reports required to be filed by it under
                                            the Securities Act and the Exchange Act and shall take such further action as the holders
                                            of Registrable Securities may reasonably request, all to the extent required from time to
                                            time to enable such holders to sell Registrable Securities without registration under the
                                            Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities
                                            Act, as such Rules may be amended from time to time, or any similar rule or regulation hereafter
                                            adopted by the Commission.

 

		6.	MISCELLANEOUS.

 

		6.1.	Other
                                            Registration Rights.

 

The
Company represents and warrants that, except as disclosed in the Company’s registration statement on Form S-1 (File No. 333-257916)
no person, other than the holders of the Registrable Securities hereunder, has any right to require the Company to register any shares
of the Company’s capital stock for sale or to include the Company’s shares of capital stock in any registration filed by
the Company for the sale of shares of capital stock for its own account or for the account of any other person.

 

    14

     

    

 

		6.2.	Assignment;

 

No
Third Party Beneficiaries. This Agreement and the rights, duties and obligations of the Company hereunder may not be assigned or delegated
by the Company in whole or in part without the consent of the holders of a majority of Registrable Securities. This Agreement and the
rights, duties and obligations of the holders of Registrable Securities hereunder may be freely assigned or delegated by such holder
of Registrable Securities in conjunction with and to the extent of any transfer of Registrable Securities by any such holder. This Agreement
and the provisions hereof shall be binding upon and shall inure to the benefit of each of the parties, to the permitted assigns of the
Investor or holder of Registrable Securities or of any assignee of the Investor or holder of Registrable Securities. This Agreement is
not intended to confer any rights or benefits on any persons that are not party hereto other than as expressly set forth in Article 4
and this Section 6.2.

 

		6.3.	Notices.

 

All
notices, demands, requests, consents, approvals or other communications (collectively, “Notices”) required
or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be personally served,
delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery, or electronic transmission addressed
as set forth below, or to such other address as such party shall have specified most recently by written notice. Notice shall be deemed
given on the date of service or transmission if personally served or transmitted electronically by email; provided, that if such service
or transmission is not on a Business Day or is after normal business hours, then such notice shall be deemed given on the next Business
Day. Notice otherwise sent as provided herein shall be deemed given on the next Business Day following timely delivery of such notice
to a reputable air courier service with an order for next-day delivery. The parties hereto consent to the delivery of notices or other
communications by electronic transmission at the e-mail address set forth below the respective party’s name in Section 6.3 hereto.
To the extent that any notice given by means of electronic transmission is returned or undeliverable for any reason, the foregoing consent
shall be deemed to have been revoked until a new or corrected e-mail address has been provided, and such attempted electronic notice
shall be ineffective and deemed to not have been given. Each party agrees to promptly notify the other parties of any change in its e-mail
address, and that failure to do so shall not affect the foregoing. The parties may change the persons and addresses to which the notices
or other communications are to be sent by giving written notice to any such change in the manner provided herein for giving notice.

 

To
the Company:

 

Abri
SPAC I, Inc.

9663
Santa Monica Blvd., No. 1091

Beverly
Hills, CA 90210

Attn:
Jeffrey Tirman, Chief Executive Officer

Email:
[●]

 

with
a copy to:

 

Loeb
& Loeb LLP

345
Park Avenue

New
York, NY 10154

Attn:
Alex Weniger-Araujo, Esq.

Email:
[●]

 

To
the Investor: to the address set forth below such Investor’s name on Exhibit A hereto.

 

To
the Underwriter:

 

Chardan
Capital Markets, LLC

17
State Street, Suite 2100

New
York, New York 10004

Attn:
George Kaufman

Email:
__________________

 

with
copy to:

 

[
     ]

 

Email:
[       ]

 

    15

     

    

 

		6.4.	Severability.

 

This
Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity
or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable
term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to
such invalid or unenforceable provision as may be possible that is valid and enforceable.

 

		6.5.	Counterparts.

 

This
Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall
constitute one and the same instrument. This Agreement shall be effective when it has been executed by parties. The words “execution,”
“signed,” “signature,” and words of like import in this Agreement or in any other certificate, agreement or document
related to this Agreement shall include images of manually executed signatures transmitted by facsimile or other electronic format (including
“pdf,” “tif” or “jpg”) and other electronic signatures (including DocuSign and AdobeSign). The use
of electronic signatures and electronic records (including any contract or other record created, generated, sent, communicated, received
or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use
of a paper-based record-keeping system to the fullest extent permitted by applicable law, including the Federal Electronic Signatures
in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including
any state law based on the Uniform Electronic Transactions Act or the Uniform Commercial Code. This Agreement may be executed and delivered
by telecopier or other facsimile transmission all with the same force and effect as if the same was a fully executed and delivered original
manual counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission, electronic mail or E-Fax, or
otherwise to or from an electronic system or other equivalent service shall be as effective as delivery of a manually executed counterpart
hereof.

 

		6.6.	Entire
                                            Agreement.

 

This
Agreement (including all agreements entered into pursuant hereto and all certificates and instruments delivered pursuant hereto and thereto)
constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous
agreements, representations, understandings, negotiations and discussions between the parties, whether oral or written.

 

		6.7.	Modifications
                                            and Amendments.

 

No
amendment, modification or termination of this Agreement shall be binding upon the Company unless executed in writing by the Company.
No amendment, modification or termination of this Agreement shall be binding upon the holders of the Registrable Securities unless executed
in writing by the holders of the majority Registrable Securities.

 

		6.8.	Titles
                                            and Headings.

 

Titles
and headings of sections of this Agreement are for convenience only and shall not affect the construction of any provision of this Agreement.

 

		6.9.	Waivers
                                            and Extensions.

 

Any
party to this Agreement may waive any right, breach or default which such party has the right to waive, provided that such waiver will
not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement.
Waivers may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional.
No waiver of any breach of any agreement or provision herein contained shall be deemed a waiver of any preceding or succeeding breach
thereof nor of any other agreement or provision herein contained. No waiver or extension of time for performance of any obligations or
acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts.

 

    16

     

    

 

		6.10.	 Remedies
                                            Cumulative.

 

In
the event that the Company fails to observe or perform any covenant or agreement to be observed or performed under this Agreement, any
Investor or any other holder of Registrable Securities may proceed to protect and enforce its rights by suit in equity or action at law,
whether for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or
in aid of the exercise of any power granted in this Agreement or to enforce any other legal or equitable right, or to take any one or
more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall
be mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy,
whether conferred by this Agreement or now or hereafter available at law, in equity, by statute or otherwise.

 

		6.11.	 Governing
                                            Law.

 

This
Agreement shall be governed by, interpreted under, and construed in accordance with the internal laws of the State of Delaware applicable
to agreements made and to be performed within the State of Delaware, without giving effect to any choice-of-law provisions thereof that
would compel the application of the substantive laws of any other jurisdiction.

 

		6.12. 	Consent
                                            to Jurisdiction.

 

The
parties hereto agree to submit any matter or dispute resulting from, or arising out of, the execution, performance, interpretation, breach
or termination of this Agreement to the non-exclusive jurisdiction of federal or state courts within the State of New York. Each of the
parties agrees that service of any process, summons, notice or document in the manner set forth in Section 6.3 hereof or in such other
manner as may be permitted by applicable law, shall be effective service of process for any proceeding in the State of New York with
respect to any matters to which it has submitted to jurisdiction in this Section 6.12. Each of the parties hereto irrevocably and unconditionally
agrees that it is subject to, and hereby submits to, the personal jurisdiction of the courts located in the State of New York for any
action, suit or proceeding arising out of this Agreement or the transactions contemplated hereunder and waives any objection to the laying
of venue in the United States District Court for the Southern District of New York, or the New York state courts if the federal jurisdictional
standards are not satisfied, and hereby further irrevocably and unconditionally waives and agrees not to plead or claim in any such court
that any such action, suit or proceeding brought in any such court has been brought in an inconvenient forum.

 

		6.13.	 Waiver
                                            of Trial by Jury.

 

Each
party hereby irrevocably and unconditionally waives the right to a trial by jury in any action, suit, counterclaim or other proceeding
(whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated
hereby, or the actions of the Investor in the negotiation, administration, performance or enforcement hereof.

 

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK.]

 

    17

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly authorized representatives as of the
date first written above.

 

	 	COMPANY:
	 	 	 
	 	ABRI
    SPAC I, INC.
	 	 	 
	 	By:	
	 	Name:	Jeffrey
    Tirman
	 	Title:	Chief
    Executive Officer
	 	 	 
	 	INVESTOR:
	 	 	 
	 	ABRI
    VENTURES I, LLC
	 	 	 
	 	By:	
	 	Name:	Jeffrey
    Tirman
	 	Title:	Authorized
    Member

 

    18

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly authorized representatives as of the
date first written above.

 

	 	UNDERWRITER:

     

    CHARDAN
    CAPITAL MARKETS, LLC

     

	 	By:	
	 	Name:	George
    Kaufman
	 	Title:	Managing
    Partner

 

    19

     

    

 

Exhibit
A

 

Name
and Address of Investor

 

To
the Investor:

 

		●	Abri
                                            Ventures I, LLC

c/o
Abri SPAC I, Inc.

9663
Santa Monica Blvd., No. 1091

Beverly
Hills, CA 90210

Attn:
Jeffrey Tirman, Authorized Member

Email:
jtirman@abriadv.com

 

 

20

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