Document:

Exhibit
10.1.2

 

August
9, 2021

 

Abri
SPAC I, Inc.

9663
Santa Monica Blvd., No. 1091

Beverly
Hills, CA 90210

(424)
732-1021

 

Chardan
Capital Markets, LLC

17
State Street, 21st Floor

New
York, NY 10004

 

Re:
Initial Public Offering

 

Gentlemen:

 

This
letter agreement (the “Agreement”) is being delivered to you in accordance with the Underwriting Agreement
(the “Underwriting Agreement”) entered into by and between Abri SPAC I, Inc., a Delaware corporation (the “Company”)
and Chardan Capital Markets, LLC,, as representative (the “Representative”) of the several underwriters (each
an “Underwriter and collectively the “Underwriters”), relating to an underwritten initial
public offering (the “IPO”) of up to 5,750,000 of the Company’s units (including up to750,000 units that
may be purchased to cover the Underwriters’ option to purchase additional units, if any) (the “Units”),
each comprised of one share of Common Stock of the Company, par value $0.0001 per share (the “Common Stock”),
and one warrant, with each warrant being exercisable to purchase one share of Common Stock at a price of $11.50 per share (“Warrant”).
Certain capitalized terms used herein are defined in paragraph 14 hereof.

 

In
order to induce the Company and the Underwriters to enter into the Underwriting Agreement and to proceed with the IPO, and in recognition
of the benefit that such IPO will confer upon the undersigned as a stockholder of the Company, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, Abri Ventures I, LLC, a Delaware limited liability company (the “Sponsor”)
and each of the undersigned hereby agrees with the Company as follows:

 

1.
The Sponsor and each of the undersigned agrees that if the Company seeks stockholder approval of a proposed Business Combination, then
in connection with such proposed Business Combination, it, he or she shall (i) vote any shares of Common Stock owned by it, him or her
in favor of any proposed Business Combination and (ii) not redeem any shares of Common Stock owned by it, him or her in connection with
such stockholder approval. If the Company engages in a tender offer in connection with any proposed Business Combination, the Sponsor
and each of the undersigned agrees that it, he or she will not seek to sell its, his or her shares of Common Stock to the Company in
connection with such tender offer.

 

2.
(a) The Sponsor hereby agrees that in the event that the Company fails to consummate a Business Combination within 12 months, the time
period by which the Company must consummate a Business Combination shall be extended by up to two times, each by an additional three
months (or, if the Office of the Delaware Division of Corporations shall not be open for business (including filing of corporate documents)
on such date the next date upon which the Office of the Delaware Division of Corporations shall be open). For each three month extension,
the Sponsor will deposit into the Trust Fund $500,000, or up to $575,000 if the Underwriters’ over-allotment option is exercised
in full ($0.10 per share in either case) on or prior to the date of the applicable deadline.

 

In
the event that the Company fails to consummate a Business Combination within 12 months from the closing of the Company’s IPO (or
upon extension, 15 or 18 months, as applicable), the undersigned shall take all reasonable steps to (i) cause the Company to cease all
operations except for the purpose of winding up, (ii) cause the Company, as promptly as reasonably possible but not more than ten business
days thereafter, to redeem 100% of the outstanding IPO Shares and (iii) as promptly as reasonably possible following such redemption,
subject to the approval of the Company’s remaining stockholders and board of directors, cause the Company to dissolve and liquidate,
subject (in the case of (ii) and (iii) above) to the Company’s obligations under Delaware law to provide for claims of creditors
and the requirements of other applicable law.

 

     

     

    

 

(b)
The undersigned hereby waives any and all right, title, interest or claim of any kind in or to any distribution of the Trust Fund and
any remaining net assets of the Company as a result of such liquidation with respect to any Insider Shares or Private Units he, she or
it owns (“Claim”) and hereby waives any Claim the undersigned may have in the future as a result of, or arising
out of, any contracts or agreements with the Company and will not seek recourse against the Trust Fund for any reason whatsoever, other
than, in each case, with respect to any IPO Shares, with respect to which the undersigned may receive distributions from the Trust Fund
upon the Trust Fund being liquidated and distributed to the holders of IPO Shares in the circumstances described in Section 2(a) above.
The undersigned acknowledges and agrees that there will be no distribution from the Trust Fund with respect to any Common Stock underlying
the Private Units, all rights of which will terminate on the Company’s liquidation.

 

(c)
In the event of the liquidation of the Trust Fund, the undersigned agrees to, jointly and severally with the Insiders, indemnify and
hold harmless the Company against any and all loss, liability, claims, damage and expense whatsoever (including, but not limited to,
any and all legal or other expenses reasonably incurred in investigating, preparing or defending against any litigation, whether pending
or threatened, or any claim whatsoever) which the Company may become subject as a result of any claim by any vendor or other person who
is owed money by the Company for services rendered or products sold or contracted for, but only to the extent necessary to ensure that
such loss, liability, claim, damage or expense does not reduce the amount of funds in the Trust Fund to below $10.00 per IPO Share; provided,
that such indemnity shall not apply (i) if such vendor or other person has executed a valid and enforceable agreement waiving any claims
against the Trust Fund and (ii) to any claims under the Company’s indemnity of the underwriters of the IPO against certain liabilities,
including liabilities under the Securities Act of 1933, as amended (the “Securities Act”).

 

(d)
In the event that the Company does not consummate a Business Combination and must liquidate and its remaining net assets are insufficient
to complete such liquidation, the undersigned agrees to advance such funds necessary to complete such liquidation and agrees not to seek
repayment for such expenses.

 

3.
The undersigned will place into escrow all of his, her or its Insider Shares pursuant to the terms of a Stock Escrow Agreement which
the Company will enter into with the undersigned and an escrow agent acceptable to the Company. The Insider Shares will be placed into
an escrow account maintained by the escrow agent. 50% percent of the Insider Shares will not be transferred, assigned, sold or released
from escrow until the earlier of (i) 6 months after the date of the consummation of the Company’s initial Business Combination
or (ii) the date on which the closing price of the shares of the Company’s Common Stock equals or exceeds $12.50 per share (as
adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day
period commencing after the closing of the Company’s initial Business Combination and the remaining 50% of the Insider Shares will
not be transferred, assigned, sold or released from escrow until 6 months after the date of the closing of the Company’s initial
Business Combination, or earlier, in either case, if, subsequent to the Company’s initial Business Combination, the Company consummates
a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders
having the right to exchange their shares of Common Stock for cash, securities or other property; provided that the foregoing
restrictions shall not apply to transfers (i) amongst the Company’s pre-IPO stockholders (including, to the extent the Company’s
pre-IPO stockholders are entities, to such entity’s members, partners, stockholders or other equity holders) or to the Company’s
officers, directors and employees, (ii) if the undersigned (or Permitted Transferee (as defined below)) is an entity, as a distribution
to its partners, stockholders, or members upon its liquidation, (iii) by bona fide gift to a member of the undersigned’s (or Permitted
Transferee’s) immediate family or to a trust, the beneficiary of which is the undersigned (or Permitted Transferee) or a member
of the undersigned’s (or Permitted Transferee’s) immediate family, for estate planning purposes, (iv) by virtue of the laws
of descent and distribution upon death, (v) pursuant to a qualified domestic relations order, (vi) by private sales at prices no greater
than the price at which the Insider Shares were originally purchased or (vii) to the Company for the cancellation of up to 187,500 Insider
Shares subject to forfeiture to the extent that the Underwriters’ over-allotment option is not exercised in full or in part in
connection with the consummation of a Business Combination, in each case (except for clause vii) where these permitted transferees (“Permitted
Transferees”) agree in writing to the terms of the transfer restrictions.

 

    2

     

    

 

4.
The undersigned agrees that until the Company consummates a Business Combination, the undersigned’s Private Units and the underlying
securities will be subject to the transfer restrictions described in the Subscription Agreement relating to the undersigned’s Private
Units and the underlying securities.

 

5.
In order to minimize potential conflicts of interest which may arise from multiple affiliations, the undersigned agrees to present to
the Company for its consideration, prior to presentation to any other person or entity, any suitable opportunity to acquire a target
business, until the earlier of the consummation by the Company of a Business Combination or the liquidation of the Company, subject to
any pre-existing fiduciary and contractual obligations the undersigned might have.

 

6.
The undersigned acknowledges and agrees that prior to entering into a Business Combination with a target business that is affiliated
with any Insiders of the Company or their affiliates, including any company that is a portfolio company of, or otherwise affiliated with,
or has received financial investment from, an entity with which any Insider or their affiliates is affiliated, (i) such transaction must
be approved by a majority of the Company’s disinterested and independent directors, (ii) the Company must obtain an opinion from
an independent investment banking or accounting firm as to the fair market value of the target business and that such Business Combination
is fair to the Company’s unaffiliated stockholders from a financial point of view and (iii) such transaction must be approved by
the Company’s audit committee.

 

7.
Neither the undersigned, any member of the family of the undersigned, nor any affiliate of the undersigned will be entitled to receive
or accept a finder’s fee or any other compensation in the event the undersigned, any member of the family of the undersigned or
any affiliate of the undersigned originates a Business Combination.

 

8.
The undersigned’s FINRA Questionnaire and Director and Officer Questionnaire previously furnished to the Company and the Representative
is true and accurate in all material respects. The undersigned represents and warrants that, except as disclosed in the undersigned’s
Director and Officer Questionnaire:

 

	 	(a)	he/she/it
    has never had a petition under the federal bankruptcy laws or any state insolvency law filed by or against (i) him/her/it or any
    partnership in which he/she/it was a general partner at or within two years before the time of filing; or (ii) any corporation or
    business association of which he/she/it was an executive officer at or within two years before the time of such filing;

 

	 	(b)	he/she/it
    has never had a receiver, fiscal agent or similar officer been appointed by a court for his/her/its business or property, or any
    such partnership;

 

	 	(c)	he/she/it
    has never been convicted of fraud in a civil or criminal proceeding;

 

	 	(d)	he/she/it/
    has never been convicted in a criminal proceeding or named the subject of a pending criminal proceeding (excluding traffic violations
    and minor offenses);

 

	 	(e)	he/she/it
    has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any court of competent
    jurisdiction, permanently or temporarily enjoining or otherwise limiting him/her/it from (i) acting as a futures commission merchant,
    introducing broker, commodity trading advisor, commodity pool operator, floor broker, leverage transaction merchant, any other person
    regulated by the Commodity Futures Trading Commission (“CFTC”) or an associated person of any of the foregoing, or as
    an investment adviser, underwriter, broker or dealer in securities, or as an affiliated person, director or employee of any investment
    company, bank, savings and loan association or insurance company, or from engaging in or continuing any conduct or practice in connection
    with any such activity; or (ii) engaging in any type of business practice; or (iii) engaging in any activity in connection with the
    purchase or sale of any security or commodity or in connection with any violation of federal or state securities or federal commodities
    laws;

 

	 	(f)	he/she/it
    has never been the subject of any order, judgment or decree, not subsequently reversed, suspended or vacated, of any federal or state
    authority barring, suspending or otherwise limiting for more than 60 days his/her/its right to engage in any activity described in
    8(e)(i) above, or to be associated with persons engaged in any such activity;

 

    3

     

    

 

	 	(g)	he/she/it
    has never been found by a court of competent jurisdiction in a civil action or by the SEC to have violated any federal or state securities
    law, where the judgment in such civil action or finding by the SEC has not been subsequently reversed, suspended or vacated;

 

	 	(h)	he/she/it
    has never been found by a court of competent jurisdiction in a civil action or by the CFTC to have violated any federal commodities
    law, where the judgment in such civil action or finding by the CFTC has not been subsequently reversed, suspended or vacated;

 

	 	(i)	he/she/it
    has never been the subject of, or a party to, any Federal or State judicial or administrative order, judgment, decree or finding,
    not subsequently reversed, suspended or vacated, relating to an alleged violation of (i) any Federal or State securities or commodities
    law or regulation, (ii) any law or regulation respecting financial institutions or insurance companies including, but not limited
    to, a temporary or permanent injunction, order of disgorgement or restitution, civil money penalty or temporary or permanent cease-and
    desist order, or removal or prohibition order or (iii) any law or regulation prohibiting mail or wire fraud or fraud in connection
    with any business entity;

 

	 	(j)	he/she/it
    has never been the subject of, or party to, any sanction or order, not subsequently reversed, suspended or vacated, or any self-regulatory
    organization, any registered entity, or any equivalent exchange, association, entity or organization that has disciplinary authority
    over its members or persons associated with a member;

 

	 	(k)	he/she/it
    has never been convicted of any felony or misdemeanor: (i) in connection with the purchase or sale of any security; (ii) involving
    the making of any false filing with the SEC; or (iii) arising out of the conduct of the business of an underwriter, broker, dealer,
    municipal securities dealer, investment advisor or paid solicitor of purchasers of securities;

 

	 	(l)	he/she/it
    was never subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
    a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
    agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
    Union Administration that is based on a violation of any law or regulation that prohibits fraudulent, manipulative, or deceptive
    conduct;

 

	 	(m)	he/she/it
    has never been subject to any order, judgment or decree of any court of competent jurisdiction, that, at the time of such sale, restrained
    or enjoined him/her/it from engaging or continuing to engage in any conduct or practice: (i) in connection with the purchase or sale
    of any security; (ii) involving the making of any false filing with the SEC; or (iii) arising out of the conduct of the business
    of an underwriter, broker, dealer, municipal securities dealer, investment adviser or paid solicitor of purchasers of securities;

 

	 	(n)	he/she/it
    has never been subject to any order of the SEC that orders him/her/it to cease and desist from committing or causing a future violation
    of: (i) any scienter-based anti-fraud provision of the federal securities laws, including, but not limited to, Section 17(a)(1) of
    the Securities Act, Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and Section 206(1) of the Advisers Act or any other
    rule or regulation thereunder; or (ii) Section 5 of the Securities Act;

 

	 	(o)	he/she/it
    has never been named as an underwriter in any registration statement or Regulation A offering statement filed with the SEC that was
    the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is, currently, the subject of an investigation
    or proceeding to determine whether a stop order or suspension order should be issued;

 

    4

     

    

 

	 	(p)	he/she/it
    has never been subject to a United States Postal Service false representation order, or is currently subject to a temporary restraining
    order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device
    for obtaining money or property through the mail by means of false representations;

 

	 	(q)	he/she/it
    is not subject to a final order of a state securities commission (or an agency of officer of a state performing like functions);
    a state authority that supervises or examines banks, savings associations, or credit unions; a state insurance commission (or an
    agency or officer of a state performing like functions); an appropriate federal banking agency; the CFTC; or the National Credit
    Union Administration that bars the undersigned from: (i) association with an entity regulated by such commission, authority, agency
    or officer; (ii) engaging in the business of securities, insurance or banking; or (iii) engaging in savings association or credit
    union activities;

 

	 	(r)	he/she/it
    is not subject to an order of the SEC entered pursuant to section 15(b) or 15B(c) of the Securities Exchange Act of 1934 (the “Exchange
    Act”) or section 203(e) or 203(f) of the Investment Advisers Act of 1940 (the “Advisers Act”) that: (i) suspends
    or revokes the undersigned’s registration as a broker, dealer, municipal securities dealer or investment adviser; (ii) places
    limitations on the activities, functions or operations of, or imposes civil money penalties on, such person; or (iii) bars the undersigned
    from being associated with any entity or from participating in the offering of any penny stock; and

 

	 	(s)	he/she/it
    has never been suspended or expelled from membership in, or suspended or barred from association with a member of, a securities self-regulatory
    organization (e.g., a registered national securities exchange or a registered national or affiliated securities association) for
    any act or omission to act constituting conduct inconsistent with just and equitable principles of trade.

 

10.
The undersigned has full right and power, without violating any agreement by which he, she or it is bound, to enter into this Agreement.

 

11.
The undersigned hereby waives his, her or its right to exercise conversion rights with respect to any shares of Common Stock owned or
to be owned by the undersigned, directly or indirectly, whether purchased by the undersigned prior to the IPO, in the IPO or in the aftermarket,
and agrees that he, she or it will not seek conversion with respect to or otherwise sell, such shares, in each case, in connection with
any vote to approve a Business Combination with respect thereto, a vote to amend the provisions of the Company’s Amended and Restated
Certificate of Incorporation, or a tender offer by the Company prior to a Business Combination.

 

12.
The undersigned hereby agrees to (i) not propose, or vote in favor of, prior to and unrelated to an initial Business Combination, an
amendment to the Company’s Amended and Restated Certificate of Incorporation that would affect the substance or timing of the Company’s
redemption obligation to redeem all IPO Shares if the Company cannot complete an initial Business Combination within 12 months of the
closing of the IPO (or upon extension, 15 or 18 months, as applicable), unless the Company provides holders of IPO Shares an opportunity
to redeem their IPO Shares in conjunction with any such amendment, and (ii) not redeem any shares, including Insider Shares, into the
right to receive cash from the Trust Fund in connection with a stockholder vote to approve the Company’s proposed initial Business
Combination or sell any shares to the Company in any tender offer in connection with the Company’s proposed initial Business Combination.

 

13.
In connection with Section 5-1401 of the General Obligations Law of the State of New York, Agreement shall be governed by, and construed
in accordance with, the laws of the State of New York without regard to principles of conflicts of law that would result in the application
of the substantive law of another jurisdiction. The parties hereto agree that any action, proceeding or claim arising out of or relating
in any way to this Agreement shall be resolved through final and binding arbitration in accordance with the International Arbitration
Rules of the American Arbitration Association (“AAA”). The arbitration shall be brought before the AAA International Center
for Dispute Resolution’s offices in New York City, New York, will be conducted in English and will be decided by a panel of three
arbitrators selected from the AAA Commercial Disputes Panel and that the arbitrator panel’s decision shall be final and enforceable
by any court having jurisdiction over the party from whom enforcement is sought. The cost of such arbitrators and arbitration services,
together with the prevailing party’s legal fees and expenses, shall be borne by the non-prevailing party or as otherwise directed
by the arbitrators.

 

    5

     

    

 

14.
As used herein, (i) a “Business Combination” shall mean a merger, share exchange, asset acquisition, stock
purchase, recapitalization, reorganization or other similar business combination with one or more businesses or entities; (ii) “Insiders”
shall mean all officers, directors and stockholders of the Company immediately prior to the IPO; (iii) “Insider Shares”
shall mean all of the shares of Common Stock of the Company acquired by an Insider prior to the IPO; (iv) “IPO Shares”
shall mean the shares of Common Stock issued in the Company’s IPO; (v) “Private Units” shall mean the
Units purchased in the private placement taking place simultaneously with the consummation of the Company’s IPO, each comprised
of one share of Common Stock and one Warrant to purchase one share of Common Stock at a price of $11.50 per share; (vi) “Registration
Statement” means the registration statement on Form S-1 filed by the Company with respect to the IPO; and (vii) “Trust
Fund” shall mean the trust fund into which a portion of the net proceeds of the Company’s IPO will be deposited.

 

15.
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by
e-mail transmission. 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 this Section 15. 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.

 

If
to the Representative:

Chardan
Capital Markets, LLC

17
State Street, 21st Floor

New
York, NY 10004

Attn:
George Kaufman

Email:
gkaufman@chardancm.com

 

Copy
(which copy shall not constitute notice) to:

White
and Williams LLP

7
Times Square, Suite 2900

New
York, NY 10036 Attn: Alexandria Kane, Esq.

Email:
Kanea@whiteandwilliams.com

 

If
to the Company:

Abri
SPAC I, Inc.

9663
Santa Monica Blvd., No. 1091

Beverly
Hills, CA 90210 Attn: Jeffrey Tirman

Email:
jtirman@abriadv.com

 

Copy
(which copy shall not constitute notice) to:

Loeb
& Loeb LLP

345
Park Avenue

New
York, NY 10154

Attn:
Mitchell S. Nussbaum, Esq. and Alex Weniger-Araujo, Esq.

Email:
aweniger@loeb.com

 

16.
No party hereto may assign either this Agreement or any of its rights, interests, or obligations hereunder without the prior written
consent of the other party. Any purported assignment in violation of this paragraph shall be void and ineffectual and shall not operate
to transfer or assign any interest or title to the purported assignee. This Agreement shall be binding on the parties hereto and any
successors and assigns thereof.

 

17.
The undersigned acknowledges and understands that the Underwriters and the Company will rely upon the agreements, representations and
warranties set forth herein in proceeding with the IPO. Nothing contained herein shall be deemed to render the Underwriters a representative
of, or a fiduciary with respect to, the Company, its stockholders or any creditor or vendor of the company with respect to the subject
matter hereof.

 

[Signature
page to follow]

 

    6

     

    

 

	 	ABRI
    VENTURES I, LLC
	 	 
	 	/s/
Jeffrey Tirman
	 	Jeffrey
                                            Tirman

    Managing
    Member

 

	Acknowledged
and Agreed: 	 
	 	 
	ABRI
    SPAC I, INC.	 
	 	 
	/s/
    Jeffrey Tirman	 
	Jeffrey
                                            Tirman

    Chief
    Executive Officer
	 

 

[Signature
page to Insider Letter]

 

 

7Exhibit 10.2

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Agreement is made as of August 9, 2021 by and between Abri SPAC I, Inc. (the “Company”) and Continental Stock Transfer &
Trust Company (“Trustee”).

 

WHEREAS,
the Company’s registration statement on Form S-1, No. 333-257916 (“Registration Statement”) for its initial public
offering of securities (“IPO”) has been declared effective as of the date hereof (“Effective Date”) by the Securities
and Exchange Commission (capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Registration
Statement); and

 

WHEREAS,
Chardan Capital Markets, LLC is acting as representative of the underwriters in the IPO (the “Representative”); and

 

WHEREAS,
as described in the Registration Statement, and in accordance with the Company’s Amended and Restated Certificate of Incorporation,
an aggregate of $50,000,000 of the proceeds of the IPO ($57,500,000 if the over-allotment option is exercised in full) and a private
placement of units occurring substantially concurrently with the IPO will be delivered to the Trustee to be deposited and held in a trust
account for the benefit of the Company and the holders of the Company’s common stock, par value $.0001 per share (“Common
Stock”), issued in the IPO as hereinafter provided (the proceeds to be delivered to the Trustee will be referred to herein as the
“Property”; the shareholders for whose benefit the Trustee shall hold the Property will be referred to as the “Public
Shareholders,” and the Public Shareholders and the Company will be referred to together as the “Beneficiaries”);

 

WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property equal to $1,500,000, or $1,725,000 if the underwriters’ over-allotment
option is exercised in full, is attributable to deferred underwriting discounts and commissions that may become payable by the Company
to the underwriters upon the consummation of the Business Combination (as described below) (the “Deferred Discount”);

 

WHEREAS,
if a Business Combination (as defined herein) is not consummated within the initial twelve (12) month period following the Closing, the
Company may extend such period by two extensions with each extension being three months, for up to a maximum of eighteen (18) months
in the aggregate, subject to the Company’s sponsor or its affiliates or permitted designees depositing $500,000 (or $575,000 if
the underwriters’ over-allotment option is exercised in full) into the Trust Account no later than the 12 month and the 15 month
anniversary of the IPO (each, an “Applicable Deadline”) for each three month extension (each, an “Extension”);
and

 

WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall
hold the Property.

 

THEREFORE,
IT IS AGREED:

 

1.
Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in a segregated trust account (“Trust
Account”) established by the Trustee at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated
assets of $100 billion or more), in the United States, maintained by Trustee, and at a brokerage institution selected by the Trustee
that is reasonably satisfactory to the Company;

 

(b)
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)
In a timely manner, upon the instruction of the Company, invest and reinvest the Property (i) in United States government treasury bills,
notes or bonds having a maturity of 185 days or less and/or (ii) in money market funds meeting certain conditions under Rule 2a-7 promulgated
under the Investment Company Act of 1940, as amended, and that invest solely in U.S. treasuries, as determined by the Company, it being
understood that the Trust Account will earn no interest while the account funds are uninvested awaiting the Company’s instructions
hereunder, while account funds are invested or uninvested, the Trustee may earn bank credits and other consideration;

 

    

     

    

 

(d)
Collect and receive, when due, all principal and income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)
Notify the Company and the Representative of all communications received by it with respect to any Property requiring action by the Company;

  

(f)
Supply any necessary information or documents as may be requested by the Company in connection with the Company’s preparation of
its tax returns;

 

(g)
Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)
Render to the Company monthly written statements of the activities of and amounts in the Trust Account reflecting all receipts and disbursements
of the Trust Account; and

 

(i)
Commence liquidation of the Trust Account only after and promptly after receipt of, and only in accordance with, the terms of a letter
(“Termination Letter”), in a form substantially similar to that attached hereto as either Exhibit A or Exhibit B, signed
on behalf of the Company by its President, Chief Executive Officer and Chief Financial Officer and, in the case of a Termination Letter
in a form substantially similar to that attached hereto as Exhibit A, acknowledged and agreed to by the Representative, and complete
the liquidation of the Trust Account and distribute the Property in the Trust Account only as directed in the Termination Letter and
the other documents referred to therein; provided, however, that in the event that a Termination Letter has not been received by the
Trustee by the 12-month anniversary of the closing of the IPO (“Closing”) or, in the event that the Company extended the
time to complete the Business Combination for up to 18 months from the closing of the IPO but has not completed the Business Combination
within such 18-month period, the 18 month anniversary of the Closing (as applicable, the “Last Date”), the Trust Account
shall be liquidated in accordance with the procedures set forth in the Termination Letter attached as Exhibit B hereto and distributed
to the Public Shareholders as of the Last Date.

 

(j)
Upon receipt of an extension letter (“Extension Letter”) substantially similar to Exhibit D hereto at least five business
days prior to the Applicable Deadline, signed on behalf of the Company by an executive officer, and receipt of the dollar amount specified
in the Extension Letter on or prior to the Applicable Deadline, to follow the instructions set forth in the Extension Letter.

 

2.
Limited Distributions of Income from Trust Account.

 

(a)
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as
Exhibit C, the Trustee shall distribute to the Company the amount of interest income earned on the Trust Account requested by the Company
to cover any tax obligations owed by the Company.

 

(b)
The limited distributions referred to in Section 2(a) above shall be made only from income collected on the Property. Except as provided
in Section 2(a) above, no other distributions from the Trust Account shall be permitted except in accordance with Section 1(i) hereof.

 

(c)
The Company shall provide the Representative with a copy of any Termination Letters and/or any other correspondence that it issues to
the Trustee with respect to any proposed withdrawal from the Trust Account promptly after such issuance.

 

(d)
If applicable, the Company shall issue a press release at least three days prior to the Applicable Deadline announcing that, at least
five days prior to the Applicable Deadline, the Company received notice from the Company’s insiders that the insiders intend to
extend the Applicable Deadline.

 

    2

     

    

 

(e)
Promptly following the Applicable Deadline, disclose whether or not the term the Company has to consummate a Business Combination has
been extended.

 

3.
Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)
Give all instructions to the Trustee hereunder in writing, signed by the Company’s Chief Executive Officer and Chief Financial
Officer. In addition, except with respect to its duties under paragraphs 1(i) and 2(a) above, the Trustee shall be entitled to rely on,
and shall be protected in relying on, any verbal or telephonic advice or instruction which it in good faith believes to be given by any
one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions
in writing;

 

(b)
Subject to the provisions of Sections 5 and 7(h) of this Agreement, hold the Trustee harmless and indemnify the Trustee from and against,
any and all expenses, including reasonable counsel fees and disbursements, or loss suffered by the Trustee in connection with any claim,
potential claim, action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or
demand which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any income
earned from investment of the Property, except for expenses and losses resulting from the Trustee’s gross negligence or willful
misconduct. Promptly after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding,
pursuant to which the Trustee intends to seek indemnification under this paragraph, it shall notify the Company in writing of such claim
(hereinafter referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim, provided, that the Trustee shall obtain the consent of the Company with respect to the selection of counsel,
which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior written
consent of the Company, which consent shall not be unreasonably withheld or delayed. The Company may participate in such action with
its own counsel. 

 

(c)
Pay the Trustee an initial acceptance fee, an annual fee and a transaction processing fee for each disbursement made pursuant to Section
2(a) as set forth on Schedule A hereto, which fees shall be subject to modification by the parties from time to time. It is expressly
understood that the Property shall not be used to pay such fees except for disbursements made to the Company pursuant to Sections 1(i)
solely in connection with the consummation of a Business Combination. The Company shall pay the Trustee the initial acceptance fee and
first year’s fee at the consummation of the IPO and thereafter on the anniversary of the Effective Date. Except as set forth in
this Section 3(c) and Section 3(b) hereof, the Company shall not be responsible for any other fees or charges of the Trustee.

 

(d)
In connection with any vote of the Company’s shareholders regarding a a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business Combination”),
provide to the Trustee an affidavit or certificate of a firm regularly engaged in the business of soliciting proxies and/or tabulating
shareholder votes verifying the vote of the Company’s shareholders regarding such Business Combination; and

 

(e)
In the event that the Company directs the Trustee to commence liquidation of the Trust Account pursuant to Section 1(i), the Company
agrees that it will not direct the Trustee to make any payments that are not specifically authorized by this Agreement.

 

4.
Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)
Take any action with respect to the Property, other than as directed in paragraphs 1 and 2 hereof and the Trustee shall have no liability
to any party except for liability arising out of its own gross negligence or willful misconduct;

 

(b)
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding
of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided
herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

    3

     

    

 

(c)
Change the investment of any Property, other than in compliance with paragraph 1(c);

 

(d)
Refund any depreciation in principal of any Property;

 

(e)
Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)
The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted,
in good faith and in the exercise of its own best judgment, except for its gross negligence or willful misconduct. The Trustee may rely
conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of counsel (including counsel
chosen by the Trustee), statement, instrument, report or other paper or document (not only as to its due execution and the validity and
effectiveness of its provisions, but also as to the truth and acceptability of any information therein contained) which is believed by
the Trustee, in good faith, to be genuine and to be signed or presented by the proper person or persons. The Trustee shall not be bound
by any notice or demand, or any waiver, modification, termination or rescission of this Agreement or any of the terms hereof, unless
evidenced by a written instrument delivered to the Trustee signed by the proper party or parties and, if the duties or rights of the
Trustee are affected, unless it shall give its prior written consent thereto;

 

(g)
Verify the correctness of the information set forth in the Registration Statement or to confirm or assure that any acquisition made by
the Company or any other action taken by it is as contemplated by the Registration Statement;

 

(h)
File local, state and/or federal tax returns or information returns with any taxing authority on behalf of the Trust Account and payee
statements with the Company documenting the taxes, if any, payable by the Company or the Trust Account, relating to the income earned
on the Property;

 

(i)
Pay any taxes on behalf of the Trust Account (it being expressly understood that the Property shall not be used to pay any such taxes
and that such taxes, if any, shall be paid by the Company from funds not held in the Trust Account or released to it under Section 2(a)
hereof);

 

(j)
Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein; and

 

(k)
Verify calculations, qualify or otherwise approve Company requests for distributions pursuant to Section 1(i) or 2(a) above.

 

5.
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 3(b) or Section 3(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the
Trust Account and not against the Property or any monies in the Trust Account.

 

6.
Termination. This Agreement shall terminate as follows:

 

(a)
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee during which time the Trustee shall act in accordance with this Agreement. At such time that the
Company notifies the Trustee that a successor trustee has been appointed by the Company and has agreed to become subject to the terms
of this Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited
to the transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided,
however, that, in the event that the Company does not locate a successor trustee within 90 days of receipt of the resignation notice
from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York or with
the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from any liability
whatsoever; or

 

    4

     

    

 

(b)
At such time that the Trustee has completed the liquidation of the Trust Account in accordance with the provisions of paragraph 1(i)
hereof, and distributed the Property in accordance with the provisions of the Termination Letter, this Agreement shall terminate except
with respect to Paragraph 3(b).

  

7.
Miscellaneous.

 

(a)
The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such
security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized
persons may have obtained access to such information, or of any change in its authorized personnel. In executing funds transfers, the
Trustee will rely upon all information supplied to it by the Company, including account names, account numbers and all other identifying
information relating to a beneficiary, beneficiary’s bank or intermediary bank. The Trustee shall not be liable for any loss, liability
or expense resulting from any error in the information or transmission of the wire.

 

(b)
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. It may be executed
in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute but one
instrument.

 

(c)
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. Except
for Section 1(i) (which may only be amended with the approval of the holders of a majority of the outstanding shares of Common Stock
sold in the IPO), this Agreement or any provision hereof may only be changed, amended or modified by a writing signed by each of the
parties hereto; provided, however, that no such change, amendment or modification may be made without the prior written consent of the
Representative. As to any claim, cross-claim or counterclaim in any way relating to this Agreement, each party waives the right to trial
by jury. The Trustee may require from Company counsel an opinion as to the propriety of any proposed amendment.

 

(d)
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, Borough of Manhattan,
for purposes of resolving any disputes hereunder.

 

(e)
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by
e-mail transmission:

 

if
to the Trustee, to:

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, New York 10004

Attn: Francis Wolf or Celeste Gonzalez

Email:
fwolf@continentalstock.com

Email:
cgonzalez@continentalstock.com

 

if
to the Company, to:

 

Abri
SPAC I, Inc.

9663 Santa Monica Blvd., No. 1091

Beverly Hills, CA 90210Attn: Jeffrey Tirman

Email:
jtirman@abriadv.com.com

 

    5

     

    

 

Copy
(which copy shall not constitute notice) to:

 

Loeb
& Loeb LLP

345 Park Avenue

New York, New York 10154

Attn: Mitchell S. Nussbaum, Esq. and Alex Weniger-Araujo, Esq.

Email: aweniger@loeb.com

 

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

 

Chardan
Capital Markets, LLC

17 State Street, 21st Floor

New York, NY 10004

Attn: George Kaufman

Email: gkaufman@chardancm.com

 

and

White
and Williams LLP

7 Times Square, Suite 2900

New York, NY 10036

Attn:
Alexandria Kane, Esq.

Email:
kanea@whiteandwhilliams.com

 

(f)
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(g)
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 7(e) 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.

 

(h)
Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity

 

i)
Each of the Trustee and the Company hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder.

 

(j)
Each of the Company and the Trustee hereby acknowledge that each of the Representative is a third party beneficiary of this Agreement.

 

[Signature
Page Follows]

 

    6

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL STOCK TRANSFER & TRUST
    COMPANY, as Trustee
	 	 
	 	By:	/s/
Francis Wolf
	 	 	Name: 	Francis Wolf
	 	 	Title:	Vice President
	 	 
	 	ABRI SPAC I, INC.
	 	 
	 	By:	/s/
    Jeffrey Tirman
	 	 	Name:  	Jeffrey Tirman
	 	 	Title:	Chief Executive Officer

 

[Signature
Page to Investment Management Trust Agreement]

 

    7

     

    

 

SCHEDULE
A

 

	Fee
    Item	 	Time
    and method of payment	 	Amount
	Initial acceptance fee	 	Initial closing of IPO by wire transfer	 	$3,500.00
	Annual fee	 	First year, initial closing of IPO by wire transfer;
    thereafter on the anniversary of the effective date of the IPO by wire transfer or check	 	$10,000.00
	Transaction processing fee for disbursements to Company
    under Section 2	 	Deduction by Trustee from accumulated income following
    disbursement made to Company under Section 2	 	(per item) $250.00
	Paying Agent services as required pursuant to section
    1(i)	 	Billed to Company upon delivery of service pursuant
    to section 1(i)	 	Market Rate

 

 

 

    8

     

    

 

EXHIBIT
A

 

[Letterhead
of Company]

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re:
Trust Account] - Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Abri SPAC I, Inc.. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of August 9, 2021 (“Trust Agreement”), this is to advise you
that the Company has entered into an agreement with [__________________] (“Target Business”) to consummate a business combination
with Target Business (“Business Combination”) on or about [insert date]. The Company shall notify you at least seventy
-two 72 hours in advance of the actual date of the consummation of the Business Combination (“Consummation Date”). Capitalized
terms used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate the Trust Account investments on and to transfer
the proceeds to the above-referenced account at J.P. Morgan Chase Bank, N.A to the effect that, on the Consummation Date, all of funds
held in the Trust Account will be immediately available for transfer to the account or accounts that the Company shall direct on the
Consummation Date. It is acknowledged and agreed that while the funds are on deposit in the trust operating account at at J.P. Morgan
Chase Bank, N.A awaiting distribution, the Company will not earn any interest or dividends.

 

On
the Consummation Date (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated
and (ii) the Company shall deliver to you (a) a certificate of Chief Executive Officer, which verifies the vote of the Company’s
shareholders in connection with the Business Combination if a vote is held and (b) joint written instructions from the Company and Chardan
Capital Markets LLC with respect to the transfer of the funds held in the Trust Account (“Instruction Letter”). You are hereby
directed and authorized to transfer the funds held in the Trust Account immediately upon your receipt of the counsel’s letter and
the Instruction Letter, in accordance with the terms of the Instruction Letter. In the event that certain deposits held in the Trust
Account may not be liquidated by the Consummation Date without penalty, you will notify the Company of the same and the Company shall
direct you as to whether such funds should remain in the Trust Account and distributed after the Consummation Date to the Company. Upon
the distribution of all the funds in the Trust Account pursuant to the terms hereof, the Trust Agreement shall be terminated.

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified
you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions
from the Company, the funds held in the Trust Account shall be reinvested as provided in the Trust Agreement on the business day immediately
following the Consummation Date as set forth in the notice.

 

[Signature
Page Follows]

 

    9

     

    

 

	 	Very truly yours,
	 	 
	 	ABRI SPAC I, INC.
	 	 
	 	By:	 
	 	 	Name:  	 
	 	 	Title: 	 
	 	 	 

 

	Agreed to and accepted:
	 
	 	Chardan Capital Markets, LLC	 
	 	 	 
	By:	 	 

 

    10

     

    

 

EXHIBIT
B

 

[Letterhead
of Company]

[Insert
date]

 

Continental
Stock Transfer & Trust Company

[1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re:
Trust Account - Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 1(i) of the Investment Management Trust Agreement between Abri SPAC I, Inc.. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of August 9, 2021 (“Trust Agreement”), this is to advise you
that the Company has been unable to effect a Business Combination with a Target Company within the time frame specified in the Company’s
Amended and Restated Certificate of Incorporation, as described in the Company’s prospectus relating to its IPO. Capitalized terms
used herein and not otherwise defined shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all the Trust Account investments and to transfer
the total proceeds to the trust operating account at [•] to await distribution to the Public Shareholders. The Company has selected
[____________, 20__] as the effective date for the purpose of determining when the Public Shareholders will be entitled to receive their
share of the liquidation proceeds. It is acknowledged that no interest will be earned by the Company on the liquidation proceeds while
on deposit in the trust operating account. You agree to be the Paying Agent of record and in your separate capacity as Paying Agent,
to distribute said funds directly to the Public Shareholders in accordance with the terms of the Trust Agreement and the Amended and
Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds in the Trust Account, your obligations under
the Trust Agreement shall be terminated.

 

	 	Very truly yours,
	 	 
	 	ABRI SPAC I, INC.
	 	 
	 	By:	 
	 	 	Name:   	 
	 	 	Title: 	 

 

	 	cc:	Chardan Capital Markets,
    LLC

 

    11

     

    

 

EXHIBIT
C

 

[Letterhead
of Company]

[Insert
date]

 

Continental
Stock Transfer & Trust Company

[1 State Street, 30th Floor

New York, N.Y. 10004

Attn: Francis Wolf and Celeste Gonzalez

 

Re:
Trust Account Withdrawal Instructions

 

Ladies
and Gentlemen:

 

Pursuant
to paragraph 2(a) of the Investment Management Trust Agreement between Abri SPAC I, Inc. (“Company”) and Continental Stock
Transfer & Trust Company (“Trustee”), dated as of August 9, 2021 (“Trust Agreement”), the Company hereby
requests that you deliver to the Company [$_______] of the interest income earned on the Property as of the date hereof. The Company
needs such funds to pay for its tax obligations. In accordance with the terms of the Trust Agreement, you are hereby directed and authorized
to transfer (via wire transfer) such funds promptly upon your receipt of this letter to the Company’s operating account at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	 	Very truly yours,
	 	 
	 	ABRI SPAC I, INC.
	 	 
	 	By:	 
	 	 	Name:   	 
	 	 	Title: 	 
	 	 	 
	 	 	 
	 	 	 	 
	 	 	 	 

 

	 	cc:	Chardan Capital Markets,
    LLC

 

    12

     

    

 

EXHIBIT
D

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, NY 10004

Attn:
Francis Wolf and Celeste Gonzalez

 

	 	Re:	Trust Account Extension
    Letter

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(l) of the Investment Management Trust Agreement between Abri SPAC I, Inc. (“Company”) and Continental Stock
Transfer & Trust Company, dated as of August 9, 2021 (“Trust Agreement”), this is to advise you that the Company is extending
the time available in order to consummate a Business Combination with the Target Businesses for an additional [three (3) months], from
______________ to ____________ (the “Extension”).

 

This
Extension Letter shall serve as the notice required with respect to Extension prior to the Applicable Deadline. Capitalized words used
herein and not otherwise defined shall have the meanings ascribed to them in the Trust Agreement.

 

[In
accordance with the terms of the Trust Agreement, we hereby authorize you to deposit [$500,000] [(or $575,000 if the underwriters’
over-allotment option was exercised in full)], which will be wired to you, into the Trust Account investments upon receipt.]

 

	 	Very truly yours,
	 	 
	 	Abri SPAC I, Inc.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	 	cc:	Chardan Capital Markets,
    LLC

 

 

13

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