Document:

Exhibit 10.1

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT

 BECAUSE IT IS NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE 

REGISTRANT
CUSTOMARILY AND ACTUALLY TREATS AS PRIVATE AND CONFIDENTIAL.

 REDACTED INFORMATION IS INDICATED BY [***].

 

MANAGED SERVICES AGREEMENT

 

This
Managed Services Agreement (this “Agreement”) is made and entered into as of November 8, 2022 (the “Effective
Date”) by and between: LOGIQ, INC., a Delaware corporation with offices at 85 Broad Street, 16-079, New York, New York 10004 (“Logiq”);
BATTLEBRIDGE ACQUISITION CO, LLC, a single-member Nevada limited liability company wholly owned by Logiq, with offices at 85 Broad Street,
16-079, New York, New York 10004 (“BattleBridge”); and [***], a Delaware limited liability company with offices at [***] (“[***]”).
Each of Logiq, BattleBridge and [***] may be referred to herein as a “Party”; and collectively, they shall be referred to
herein as the “Parties.”

 

WHEREAS, in addition to entering into this Agreement,
[***] and Logiq have entered into a independent contractor agreement (the “Independent Contractor Agreement”) as of the Effective
Date;

 

IN CONSIDERATION of the premises and mutual promises
reflected in this Agreement and in the other agreements and documents referenced herein, and intending to be legally bound hereby, the
Parties hereby agree as follows:

 

I. INTERPRETATION

 

Initially capitalized terms
and trade names used without definition herein have the meaning generally ascribed to such terms within the domestic information technology
and social media industries. This Agreement has been drafted jointly by all the Parties hereto, and as such, each
Party has had an adequate opportunity to review each and every provision of this Agreement and to submit the same to legal counsel for
review and advice; and as a result, the rule of construction, if any, that a contract should be construed against the drafter shall not
apply to the interpretation or construction of this Agreement.

 

II. SERVICES

 

BattleBridge shall provide each and all of the
following services to or for the benefit of [***] during the Term of this Agreement, using commercially reasonable standards and methods:

 

A. Full-Service
Affiliate Management. BattleBridge shall manage [***]’s Affiliate network (the “Affiliate Network”), which management
services shall include the following:

 

1. Onboarding
/ Integration Meeting. BattleBridge shall meet with [***] to undertake an onboarding process and to learn the existing workflow and metrics
tracked by [***].

 

     

     

    

 

2. BattleBridge
shall enter existing [***] Affiliates into BattleBridge’s Affiliate portal (the “Affiliate Portal”):

 

a) The
Affiliate Portal will track the effectiveness of [***]’s Affiliates; and

 

b) BattleBridge
shall enter all necessary available data into the Affiliate Portal and analyze the same for areas of improvement, reduction or growth
for the benefit of [***].

 

3. BattleBridge
shall manage all payments on [***]’s behalf to the Affiliate Network, including the following:

 

a) BattleBridge
shall take over from [***] the Affiliate payment function and shall make and ensure timely payment directly from BattleBridge to all of
the members of [***]’s Affiliate Network for all services provided by such members of such Affiliate Network for the benefit of
[***];

 

b) Address
any refund issues or problems associated with such payments; and

 

c) Provide
monthly written reports of payouts to [***] and review the same with [***].

 

4. BattleBridge
shall analyze [***]’s Affiliate Network and:

 

a) Analyze
existing Affiliates and identify opportunities for growth or cost reduction for the benefit of [***];

 

b) Run
monthly reports in writing (electronic or digital being acceptable) and review them with [***];

 

c) Review
Affiliate production with [***]; and

 

d) Analyze
[***]’s Affiliate traffic, identify which traffic is most profitable, and report the same to [***] in writing (electronic or digital
transmission being acceptable) on a monthly basis.

 

BattleBridge shall have a dedicated Affiliate team to provide all services
described in this Agreement to [***]; and the team shall be available to [***] via the messaging program Slack and via electronic mail
(e-mail) 16 hours per calendar day. BattleBridge’s services further shall include all Affiliate Network management services, including,
without limitation, the following:

 

		●	Affiliate
Management & Maintenance;

 

		●	Affiliate
Analysis;

 

		●	Affiliate
Strategy Development;

 

		●	Conversion
Optimization Advice;

 

		●	Prioritization
of [***]/campaign goals;

 

		●	Affiliate
Optimization;

 

		●	Affiliate
Account Growth;

 

		●	High
Level Strategy; and

 

		●	Collaboration
Folders for Reports, Updates, Spreadsheets, and Backups.

    2

     

    

  

B. Website
Development/Hosting; Lead Generation Services; and Email Management. BattleBridge shall provide the following services to [***]:

 

1. Website
Development/Maintenance:

 

a) Integration
of website forms and database into CRM;

 

b) Build
out search engine optimization (“SEO”) friendly website and blog;

 

c) Build
out WordPress, the open-source content management system, website and integrate with all landing pages;

 

d) Updating
of all social media accounts/website hosting;

 

e) Website
maintenance; and

 

f) Website
security patches and updates.

 

2. Lead
Generation Services that shall be provided by BattleBridge:

 

a) Lead
generation;

 

b) Implement
lead generation service;

 

c) Managing
all lead generation activities from the blog and pop-ups;

 

d) Manage
all auto-responders; and

 

e) Coordinate
sales/promo emails with client

 

3. Email
Management

 

a) Assist
client in setting up email auto-responders and newsletters;

 

b) Work
with client to produce html-friendly emails and increase delivery and open rates; and

 

c) Manage
email lists, clean and purge lists regularly.

 

C. Organic
Content and SEO Services provided by BattleBridge. BattleBridge shall further provide the following services to [***] hereunder:

 

1. Organic
Traffic and Content Package:

 

a) Ongoing
SEO audit;

 

b) Assist
in posting content produced by [***];

 

c) Creation
of one video or infographic per month;

 

d) On-page
SEO implementation;

 

e) Navigation
optimization for SEO; and

 

f) Monitor
and resolve Google search console errors monthly.

 

2. Social
Media Assistance and Growth provided by BattleBridge:

 

a) Social
media assistance;

 

b) Assist
[***] in posting to social media accounts;

 

    3

     

    

 

c) Focus
on social media platforms Instagram, Facebook, Pinterest, TikTok, LinkedIn, and Twitter traffic;

 

d) Content
distribution and brand awareness; and

 

e) Engagement,
awareness, and like campaigns.

 

3. BattleBridge
shall provide search engine marketing management services to [***], including:

 

a) Pay-per-click
(“PPC”) management and maintenance;

 

b) PPC
Analysis;

 

c) PPC
for AdWords, Facebook, Instagram, Bing Ads, and YouTube;

 

d) Strategy
development;

 

e) Email
marketing and strategy consulting;

 

f) Campaign
optimization;

 

g) Account
growth;

 

h) Advertisement
copy writing and;

 

i) Once
per month update meetings, including once per week for the first three (3) months.

 

III. GUARANTEE OF PERFORMANCE

 

Logiq hereby covenants and
guarantees to [***] the prompt and unconditional performance of all of the obligations of BattleBridge under this Agreement, including,
without limitation, the obligation to process, manage and ensure timely payment of all amounts due and payable to [***]’s Affiliates
and Affiliate Network, to timely and correctly address all refund issues or problems associated with the payment process, and to provide
true and accurate written reports of payouts to [***] on a monthly basis. This guaranty is an absolute, unconditional, present and continuing
guaranty of payment and performance and is in no way conditioned or contingent upon any attempt by [***] to enforce its rights against
BattleBridge or to collect from or upon any other condition or contingency; accordingly, [***] shall have the absolute right to proceed
against Logiq directly and immediately upon any breach of this Agreement without taking any prior action or proceeding to enforce this
Agreement against BattleBridge. It is expressly understood that the agreements of Logiq hereunder constitute additional and cumulative
benefits given as an inducement and consideration for [***] to enter into this Agreement.

 

IV. INDEMNIFICATION

 

Logic and BattleBridge, jointly
and severally, hereby covenant and agree to indemnify, defend and hold harmless [***] and its members, managers, officers, employees and
other agents from and against any and all damages, costs, expenses, lawsuits, settlements, fines, penalties and other losses of any kind
or description whatsoever arising out of any act or omission or breach of this Agreement by Logic, BattleBridge, or any of their respective
officers, directors, employees, agents or affiliates.

 

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V. TERM; AND TERMINATION

 

The term of this Agreement
(the “Term”) shall commence on the Effective Date and shall continue through, and expire and terminate on, October 31, 2023
(the “Expiration Date”); provided, however, that the Term may be extended by mutual consent of the Parties in a writing (digital
or electronic transmission being sufficient) executed by the Parties prior to the Expiration Date; and provided further, that [***] shall
have the right to terminate this Agreement at any time on or after January 1, 2023, without cost or penalty of any kind or description,
if [***] is dissatisfied for any reason with any of the services that have been provided to it hereunder, at [***]’s sole discretion;
and provided further, that neither the expiration nor any termination hereof by [***] shall be cause for or create any basis for any rescission,
retraction or other failure to pay any consideration paid or payable to [***] under this Agreement, including, without limitation, the
shares of Logiq stock issued or to be issued to [***] hereunder, or otherwise.

 

VI. CONSIDERATION PAYABLE
(ISSUABLE) ON THE EFFECTIVE DATE

 

Promptly upon execution of
this Agreement, Logiq shall issue to [***] a total of 1,750,000 restricted shares (the “Initial Registrable Shares”) of Logiq
common stock, $0.0001 par value per share (“Common Stock”), all of which newly issued shares shall be duly authorized, fully
paid, non-assessable, and free and clear of any and all liens, pledges, conditional sales agreements, security interests and other encumbrances
of any kind or description other than transfer restrictions pursuant to applicable federal or state securities laws and regulations (collectively,
“Security Interests”). The issuance to [***] of the Registrable Shares under this Article VI shall be accompanied by the legal
opinion of The Crone Law Group, special counsel to Logiq, in the form set forth in Exhibit A hereto (the “CLG Legal Opinion”).

 

VII. CONTINGENT CONSIDERATION

 

Logiq represents and warrants
that it has entered into a definitive merger agreement, dated as of September 9, 2022 and as disclosed on Logiq’s Current Report
on Form 8-K filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 12, 2022, whereby, subject to
certain conditions, a wholly-owned subsidiary of Logiq shall merge with, be acquired by or enter into a business combination with Abri
SPAC I, Inc., a Delaware corporation and special purpose acquisition company (the “SPAC”) on or before April 1, 2023 (the
“SPAC Deadline”). Logiq covenants and agrees that if Logiq or its wholly-owned subsidiary has not closed a merger, acquisition
or business combination with the SPAC on or before the SPAC Deadline, then, Logiq shall issue to [***] 1,750,000 additional restricted
Common Shares (for the avoidance of doubt, such shares shall be issued by Logiq to [***] in addition to the Initial Registrable
Shares issued to [***] on or about the Effective Date) of Logiq, which additional shares, if issued, also shall be duly authorized, fully
paid, non-assessable, free and clear of any and all Security Interests (other than pursuant to applicable federal and state securities
laws and regulations) and deemed to constitute registrable shares (and together with the Initial Registrable Shares, they shall be referred
to herein as the “Registrable Shares”). All references herein to numbers of Registrable Shares shall be proportionately adjusted
to reflect any stock split, stock dividend or other change in such shares that may occur after the Effective Date.

 

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VIII. REGISTRATION RIGHTS

 

If there is not an effective
registration covering all of the Registrable Shares and Logiq determines to prepare and file with the SEC a registration statement (“Registration
Statement”) relating to any public offering of any of its equity securities, Logiq shall give written notice (a “Registration
Notice”) to [***] of such intention and if, within ten (10) calendar days after [***]’s receipt of such Registration Notice,
[***] provides Logiq with a written request to participate in such registration, then, Logiq shall use its best efforts to include in
such registration and in any underwriting involved therewith all Registrable Shares then held by [***] and included in such request (a
“Piggyback Registration”). In the case of an underwritten offering by Logiq, [***] shall, with respect to Registrable Shares
that [***] then desires to sell, enter into an underwriting agreement with the same underwriters engaged by Logiq with respect to securities
being offered by Logiq, and Logiq shall cause such underwriters to include in any such underwriting all of the Registrable Shares that
[***] then desires to sell. If [***] disapproves of the terms of any such underwriting it may elect to withdraw therefrom by written notice
to Logiq and the managing underwriter. Upon making a request for registration, [***] shall specify the number of shares of Registrable
Shares to be registered on its behalf and the intended method of disposition thereof.

 

In accordance with the Securities
Act of 1933, as amended, and the rules and regulations of the SEC, Logiq shall use commercially reasonable efforts to cause each Registration
Statement to become and remain continuously effective until the earlier of (i) the time that all of the Registrable Shares covered by
such Registration Statement have been sold in accordance with the intended methods of disposition of the seller or sellers set forth in
such Registration Statement and (ii) one (1) year after such Registration Statement has been declared effective; provided, that if for
any portion of such one (1) year period the Registration Statement is not effective or if [***] is required to refrain from selling Registrable
Shares, then such one (1) year requirement for maintaining the effectiveness of the Registration Statement shall be extended by the length
of such interruption(s), and Logiq shall prepare and file with the SEC such amendments to such Registration Statement and supplements
to the Prospectus contained therein as may be necessary to keep such Registration Statement effective and such Registration Statement
and Prospectus accurate and complete during such period. In addition, Logiq shall use commercially reasonable efforts to register or qualify
all Logic securities covered by any Registration Statement under such state securities or blue sky laws of such jurisdictions as [***]
may request.

 

Logiq shall: (i) notify [***]
promptly after Logiq receives notice of the date and time when any Registration Statement and each post-effective amendment thereto has
become effective or a supplement to any Prospectus forming a part of such Registration Statement has been filed; (ii) notify [***] promptly
of any request by the SEC for the amending or supplementing of any Registration Statement or Prospectus or for additional information;
(iii) prepare and file with the SEC, promptly upon request by [***], the Registration Statement and any amendments or supplements to such
Registration Statement or Prospectus that, in the reasonable opinion of counsel to [***], is required under the Securities Act or the
rules and regulations thereunder; (iv) prepare and file as promptly as reasonably possible with the SEC, and promptly notify [***] in
such registration of the filing of such amendments or supplements to such Registration Statement or Prospectus as may be necessary to
correct any statements or omissions if, at the time when a Prospectus relating to such Registrable Shares is required to be delivered
under the Securities Act, any event has occurred as the result of which any such Prospectus or any other Prospectus then in effect may
include 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, in light of the circumstances under which they were made, not misleading; (v) advise [***] promptly after it receives
notice, or obtains knowledge thereof, of the issuance of any stop order by the SEC suspending the effectiveness of any Registration Statement
or the initiation or threatening of any proceeding for that purpose and promptly use its best efforts to prevent the issuance of any stop
order or to obtain its withdrawal if such stop order should be issued; and (vi) use commercially reasonable efforts to comply in all material
respects with all applicable rules and regulations of the SEC relating to a Registration Statement. All registration expenses incurred
in connection with any registration, qualification or compliance pursuant to this Agreement shall be borne exclusively by Logiq.

 

IX. PUBLIC ANNOUNCEMENT

 

The transactions described
herein shall be fully and publicly disclosed by Logiq promptly upon the execution and delivery of this Agreement. Each of [***] and [***]’s
names may be omitted from any such public disclosure at the sole discretion of Logiq.

 

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X. CERTAIN REPRESENTATIONS
AND WARRANTIES OF LOGIQ AND BATTLEBRIDGE

 

Logiq and BattleBridge, jointly
and severally, represent and warrant to [***] that: (i) all shares of Common Stock of Logiq issued or to be issued to [***] pursuant hereto
are and shall be duly and validly issued, fully paid and non-assessable, free and clear of Security Interests; (ii) Logiq has provided
and shall continue promptly and as required under any and all applicable laws, rules and regulations (“Applicable Laws”) to
provide to [***] copies of all materially relevant documents and all other materially relevant information (“Relevant Information”)
concerning the anticipated acquisition of Logiq by the SPAC, provided that, to the extent any document required to be delivered pursuant
to this Article X is filed with the SEC electronically and is available to the public generally at or prior to the time such document
is required to be delivered pursuant to this Article X, such document shall be deemed to have been delivered on the date on which such
document is filed; (iii) promptly upon the execution and delivery of this Agreement, LOGIQ shall provide to the SPAC copies of all Relevant
Information concerning the transactions described in this Agreement, including, without limitation, fully executed copies of this Agreement
and the Independent Contractor Agreement; and (iv) no aspect of this Agreement or any of the other transactions described herein violate
any Applicable Laws.

 

XI. REIMBURSEMENT OF [***]’S
LEGAL FEES

 

Logiq shall reimburse [***]
for all legal fees incurred thereby in connection with developing, negotiating, drafting, executing and delivering this Agreement and
the Independent Contractor Agreement, subject only to a cap on total reimbursement of legal fees in the amount of $25,000.

 

XII. CERTAIN CONDITIONS
PRECEDENT TO [***]’S OBLIGATIONS

 

All obligations of [***] hereunder
are subject to the satisfaction, as of the Effective Date, of each and all of the following conditions precedent:

 

A. Representations
and Warranties. All representations and warranties of Logiq, and all representations and warranties of BattleBridge, hereunder, shall
be true and correct in all respects as of the Effective Date and as of the SPAC Deadline.

 

B. Qualifications;
Due Authorization of Shares. Any and all authorizations, approvals or permits, if any, of any governmental authority or regulatory
body of the United States or of any state that are required in connection with the lawful issuance and sale of the shares of Logiq stock
issued or issuable pursuant to this Agreement shall be obtained and effective as of the Effective Date and as of the SPAC Deadline.

 

C. Compliance
with Applicable Laws. Each of Logiq and BattleBridge shall be in full compliance with all Applicable Laws, including, without limitation,
all SEC and state securities reporting obligations, all state and federal tax filings and payments, and any and all other legal, tax,
administrative, regulatory and other legal requirements of any and every description.

 

D. Legal
and Accounting Opinions. The Crone Law Group, P.C., shall have rendered a legal opinion to [***] on the Effective Date in the form
attached hereto as Exhibit A, which has been negotiated with and approved by [***]; and Logiq’s SEC accountants shall have rendered
an opinion to [***] on the Effective Date to the effect that all payments received by Logiq under this Agreement shall be properly recognizable
and actually recognized by Logiq as revenue under generally accepted accounting principles consistently applied, in form satisfactory
to [***] at [***]’s sole discretion.

 

E. Logiq
Board Resolution. Along with delivering to [***] an executed copy of this Agreement, Logiq also shall deliver to [***] on the Effective
Date a copy of a duly adopted resolution (or a unanimous written consent in lieu of a meeting) of the Board of Directors of Logiq expressly
authorizing Logiq to enter into this Agreement and directing Brent Suen, Chief Executive Officer of Logiq, to execute and deliver this
Agreement on behalf of Logiq.

 

F. 
BattleBridge Board Resolution. Along with delivering to [***] an executed copy of this Agreement, BattleBridge also shall deliver
to [***] on the Effective Date a copy of a duly adopted resolution (or a unanimous written consent in lieu of a meeting) of the Board
of Directors of BattleBridge expressly authorizing BattleBridge to enter into this Agreement and directing Travis Phipps, President of
BattleBridge, to execute and deliver this Agreement on behalf of BattleBridge.

 

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XIII. GENERAL PROVISIONS

 

A. Survival
of Representations and Warranties. All representations and warranties of Logiq and BattleBridge contained in or made pursuant to this
Agreement shall survive the execution and delivery of this Agreement indefinitely.

 

B. Successors
and Assigns. The terms and conditions of this Agreement shall inure to the benefit of and be binding upon the respective successors
and assigns of the Parties. Nothing in this Agreement, express or implied, is intended to confer upon any person other than the Parties
hereto or their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement,
except as expressly provided in this Agreement.

 

C. Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, regardless of the laws
that might otherwise govern under applicable principles of conflicts of law.

 

D. Specific
Performance. The Parties expressly agree that the obligations of the Parties hereunder shall be enforceable by specific performance.

 

E. Counterparts.
This Agreement may be executed and delivered by electronic mail or other digital transmission method and in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.

 

F. Titles,
Headings and Subtitles. The titles, headings and subtitles used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement.

 

G. Notices.
All notices and other communications given or made pursuant to this Agreement shall be in writing and shall be deemed effectively given
upon the earlier of actual receipt or: (i) personal delivery to the party to be notified, (ii) when sent, if sent by electronic mail during
normal business hours of the recipient, and if not sent during normal business hours, then on the recipient’s next business day,
(iii) five calendar days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (iv) one
business day after deposit with a nationally recognized overnight courier, freight prepaid, specifying next business day delivery, with
written verification of receipt. All communications shall be sent to the Parties at their respective addresses as set forth on the first
page hereof.

 

H. Attorneys’
Fees. If any action at law or in equity is filed to enforce or interpret the terms of this Agreement or any other agreement or document
reasonably related hereto, then, the prevailing Party shall be entitled to recover its reasonable attorneys’ fees, costs and necessary
disbursements from the non-prevailing Party or Parties, in addition to any other relief to which such prevailing Party may be entitled,
as determined in a final, non-appealable judgment by a court of competent jurisdiction.

 

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I. Amendments
and Waivers. Any term of this Agreement may be amended, terminated or waived only with the written consent of all the Parties hereto.

 

J. Severability.
The invalidity or unenforceability of any provision hereof shall in no way affect the validity or enforceability of any other provision.

 

K. Delays
or Omissions. No delay or omission to exercise any right, power or remedy accruing to any Party under this Agreement, upon any breach
or default of any other Party under this Agreement, shall impair any such right, power or remedy of such non-breaching or non-defaulting
Party or be construed to constitute a waiver of any such breach or default or an acquiescence therein, or of or in any similar breach
or default thereafter occurring; neither shall any waiver of any single breach or default be deemed a waiver of any other breach or default
theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any Party of any
breach or default under this Agreement, or any waiver on the part of any Party of any provisions or conditions of this Agreement, must
be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this Agreement
or by law or otherwise afforded to any Party, shall be cumulative and not alternative.

 

L. Entire
Agreement. This Agreement constitutes the full and entire understanding and agreement between the Parties with respect to the subject
matter hereof.

 

M. Dispute
Resolution. The Parties: (i) hereby irrevocably and unconditionally submit to the jurisdiction of the federal and state courts located
in the District of Delaware, and to the jurisdiction of the United States District Court for the District of Arizona, for the purpose
of any suit, action or other proceeding arising out of or based upon this Agreement; (ii) agree not to commence any suit, action or other
proceeding arising out of or based upon this Agreement except in the federal or state courts located in the District of Delaware, or in
the United States District Court for the District of Arizona; and (iii) hereby waive and agree not to assert, by way of motion, as a defense,
or otherwise, in any such suit, action or proceeding, any claim that a Party is not subject to the jurisdiction of the above-named courts,
that its property is exempt or immune from attachment or execution based upon judgment or order of such court(s), that any suit, action
or proceeding arising out of or based upon this Agreement commenced in any such court or courts is brought in an inconvenient forum, that
the venue of such suit, action or proceeding is improper or that this Agreement or the subject matter hereof may not be enforced in or
by such court. Should any Party commence a suit, action or other proceeding arising out of or based upon this Agreement in a forum other
than the federal or state courts located in the District of Delaware, or in the United States District Court for the District of Arizona,
should any Party otherwise seek to transfer or dismiss such suit, action or proceeding from such court(s), then such Party shall indemnify
and reimburse the other Party or Parties for all legal costs and expenses incurred in enforcing this provision.

 

[REMAINDER OF PAGE INTENTIONALLY BLANK;

SIGNATURE PAGE FOLLOWS]

 

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[SIGNATURE
PAGE TO MANAGED SERVICES AGREEMENT BETWEEN LOGIQ, INC., 

BATTLEBRIDGE ACQUISITION
CO, LLC, AND [***]]

 

IN WITNESS WHEREOF, the undersigned Parties have executed and delivered
this Managed Services Agreement as of the Effective Date.

 

	LOGIQ, INC. 	 
	 	 
	By:	               	 
	Name: 	 Brent Suen	 
	Title: 	Chief Executive Officer	 
	 	 
	BattleBridge Acquisition Co, LLC	 
	 	 
	By:	 	 
	Name: 	Travis Phipps	 
	Title: 	President	 
	 	 
	[***]	 
	 	 
	By:	    	 
	Name: 	[***]	 
	 	 

 

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Exhibit A to Managed Services Agreement

 

Form of CLG Legal Opinion

 

 

11Exhibit 10.2

 

CERTAIN
IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THIS EXHIBIT BECAUSE IT IS NOT MATERIAL AND IS THE TYPE OF INFORMATION THAT THE REGISTRANT
CUSTOMARILY AND ACTUALLY TREATS AS PRIVATE AND CONFIDENTIAL. REDACTED INFORMATION IS INDICATED BY [***].

 

 

 

INDEPENDENT CONTRACTOR AGREEMENT

 

This Independent Contractor Agreement (this “Agreement”),
is made and entered into as of November 8, 2022 (the “Effective Date”) by and between: LOGIQ, INC., a Delaware corporation
with offices at 85 Broad Street, 16-079, New York, New York 10004 (“Logiq”); and [***], a Delaware limited liability company
with offices at [***] (“[***]”). Each of Logiq and [***] may be referred to herein as
a “Party”; and collectively, they shall be referred to herein as the “Parties”.

 

Reference is made to that certain managed services
agreement (the “Managed Services Agreement”), dated of even date herewith, by and between Logiq, BattleBridge Acquisition
Co, LLC, a single-member Nevada limited liability company wholly owned by Logiq, and [***].

 

In consideration of the mutual covenants herein
contained and the performance of the services herein agreed to be performed by [***] and the payment of the amount herein agreed to be
paid by Logiq, the Parties hereto covenant and agree as follows:

 

1.  Duties.
[***]’s duties shall be business development strategies and execution and consulting services regarding e-commerce, digital marketing,
and online advertising, including lead generation, affiliate marketing and brand development, with [***] to provide up to 40 hours per
month of consulting work by [***]’s principal, [***] (the “Services”).

 

2.  Term.
Logiq hereby engages [***] on a non-exclusive basis, for a Term that coincides with the Term of that certain Managed Services Agreement
between the Parties; and any termination of the Managed Services Agreement shall terminate this Agreement.

 

3.  Relationship
of the Parties; Independent Contractor. No agency, employment, partnership or joint venture shall be created by this Agreement, as
the Parties are independent contractors with respect to one another. Neither Party shall have authority to act as an agent of the other
or to otherwise bind the other to any agreement, commitment, obligation, contract, instrument, undertaking, arrangement, certificate or
other matter. Each Party hereto shall refrain from making any representation intended to create an apparent agency, employment, partnership
or joint venture relationship between the Parties. Nothing in this Agreement shall restrict [***] or any of its officers, directors, agents,
affiliates or employees from engaging in any activity whatsoever, without limitation, receiving compensation for providing services similar
to the Services to other clients. It is understood and agreed that [***] is retained as an independent contractor and not as an employee
of Logiq. [***] acknowledges and agrees that it will not participate in nor is it entitled to, nor eligible for any Logiq provided benefits,
including, but not limited to, retirement benefits, social security, worker’s compensation, health or disability benefits, unemployment
insurance benefits, or employee benefits of any kind. Logiq shall not be responsible for withholding taxes with respect to [***]’s
compensation hereunder.

 

4.  Compensation.
As full, sufficient and complete consideration for [***]’s Services as described herein, Logiq shall pay and issue to [***] the
consideration described in the Managed Services Agreement.

 

     

     

    

 

5.  Expenses.
Unless Logiq provides its prior written consent, any and all out-of-pocket expenses incurred or accrued by [***] in connection with this
Agreement not first approved in writing by Logiq shall be the sole responsibility of [***]. [***] agrees to provide receipts evidencing
any pre-approved expenses as a condition of reimbursement.

 

6.  Confidentiality.

 

(a)  For
the purposes of this Agreement, the term “Confidential Information” means non-public information about the disclosing Party’s
business or activities that is proprietary and confidential, which shall include, without limitation, all business, financial, technical
and other information of a Party, regardless of whether it is marked or designated “confidential,” or by its nature or the
circumstances surrounding its disclosure should reasonably be regarded as confidential, such as the identity and pricing information related
to Logiq customers. Confidential Information includes not only written or other tangible information, but also information transferred
orally, visually, electronically or by any other means. Confidential Information will not include information that (i) is in or enters
the public domain without breach of this Agreement by the receiving Party, (ii) the receiving Party lawfully receives from a third party
without restriction on disclosure and without breach of nondisclosure obligation, (ii) the receiving Party knew or was in possession of
prior to receiving such information from the disclosing Party, or (iv) the receiving Party developed independently without reference to
such Confidential Information. The terms and conditions of the Agreement will be deemed to be the Confidential Information of each Party
and will not be disclosed without the prior written consent of the other Party, except pursuant to applicable law or this Agreement.

 

(b)  Each
Party agrees (i) that it will not disclose to any third party or use any Confidential Information disclosed to it by the other except
as expressly permitted in this Agreement; (ii) that it will use the other Party’s Confidential Information for the sole purpose
of performing its obligations under this Agreement; (iii) that it will take all commercially reasonable measures to maintain the confidentiality
of all Confidential Information of the other Party in its possession or control, which is no event will be less than the measures it uses
to maintain the confidentiality of its own information of similar importance. Each Party shall be permitted to disclose the terms of this
Agreement to officers and employees of the Party with a need to know, members of the Board of Directors of the Party, and the Party’s
accountants and attorneys, or by Logiq to potential investors or to merger candidates, subject to similar confidentiality restrictions.

 

(c)  Neither
Party will issue any written or oral announcement, press release, or other public release of information that contains information about
this Agreement without the written consent of the other Party.

 

7.  Non-Circumvention.
Each Party agrees that it shall not attempt in any way to directly or indirectly circumvent the other Party in contacting, conducting
or concluding any business with any revealed contacts, clients or entities (including without limitation, identities of, and contact information
for: suppliers, manufacturers of equipment, partners, licensors, prospective investors, or prospective investments). This non-circumvention
obligation shall apply to the Parties and their representatives and shall remain in effect until one (1) year from the date or dates the
information creating such obligation was revealed.

 

    2

     

    

 

8.  No
Solicitation of Employees and Consultants. During the Term of this Agreement and for twelve (12) months thereafter, [***] hereby agrees
not to, directly or indirectly, solicit or assist any person in soliciting any employee of Logiq or any of its affiliates to perform services
for any entity (other than Logiq or its affiliates), attempt to induce, recruit, or encourage any such employee to leave the employ of
Logiq or its affiliates, or hire or engage on behalf of itself or any other person any employee of Logiq or anyone who was employed by
Logiq during the six-month period preceding such hiring or engagement. The terms “solicit, recruit, hire, or induce or encourage”
include, but are not limited to, directly or indirectly: (i) initiating communications with an employee or independent contractor of Logiq
relating to actual or possible employment or an independent contractor relationship for an entity other than Logiq; (ii) offering bonuses
or additional compensation to encourage or cause any employee or independent contractor of Logiq to terminate employment with Logiq; or
(ii) supplying the names of, or otherwise referring or recommending, any employee or independent contractor of Logiq to personnel recruiters
or persons engaged in hiring for an entity other than Logiq.

 

9.  Intellectual
Property; Ownership of Deliverables.

 

(a)  [***]
hereby agrees that all work product and any and all other deliverables created or developed by [***] or produced for or delivered to Logiq
under or arising out of this Agreement or the services performed hereunder (collectively, the “Deliverables”), and all trade
secrets, copyrights, patents, marks and any and all other intellectual property rights therein and rights to apply for registration thereof,
throughout the world, are and shall be deemed “work for hire” and the sole and exclusive property of Logiq, and [***] hereby
assigns to Logiq from the moment of creation all rights, title and interest therein. [***] represents and warrants to Logiq that all Deliverables
are solely the original works of [***] or, if applicable, all other contributors to the Deliverables are employees of and have otherwise
assigned to [***] any and all rights, title and interest such contributors may have had in the Deliverables and all intellectual property
rights therein, which deliverables, to [***]’s knowledge, do not infringe the intellectual property rights of any third party. [***]
shall take any and all future actions, and execute any and all additional documents, reasonably requested by Logiq to vest sole ownership
of the same in Logiq, including, without limitation, the execution and delivery in furtherance of filing any applications for registration
and/or obtaining any registrations with respect to the Deliverables. To the extent assigned Deliverables (or any portion thereof) hereunder
are derivative works of or based upon (in whole or in part) any of [***]’s pre-existing (i.e., existing prior to the effective date
of this Agreement) works, utilities, applications or tools which are otherwise unrelated to the services provided hereunder (whether in
hard copy or soft copy form, including, without limitation, object code and source code) (collectively, “Underlying Works”),
[***] hereby grants to Logiq a perpetual, non-revocable, royalty-free, non-exclusive, transferrable, sub-licensable and worldwide license
to such Underlying Works and under all intellectual property rights therein for the sole purpose of Logiq’s unrestricted use and
enjoyment of the Deliverables for their intended purpose (including without limitation application, registration, protection, enforcement,
reproduction, publication, dissemination, display, distribution, use (including, without limitation, the right to create derivative works
thereof), manufacture, transfer, offer for sale, sale, and commercialization of the Deliverables.

 

(b)  All
services provided by [***] hereunder shall be for the benefit of Logiq.

 

(c)  “Moral
Rights” means any right to claim authorship of a work, any right to object to any distortion or other modification of a work, and
any similar right, existing under the law of any country in the world, or under any treaty. [***] hereby irrevocably transfers and assigns
to Logiq any and all Moral Rights that [***] may have in any Deliverables, services, or materials. [***] also hereby forever waives
and agrees never to assert against Logiq, its successors or assigns any and all Moral Rights that [***] may have in any Deliverables,
services or materials, even after termination of this Agreement.

 

10.  Representations
and Warranties of [***]. [***] represents and warrants that: (i) all services provided hereunder shall be performed in a good, workmanlike,
and professional manner and in [***] with all applicable industry standards; (ii) the Deliverables, if any, will be an original work of
[***]; (iii) [***] has the right and unrestricted ability to assign the ownership of the Deliverables to Logiq; (iv) [***] has an unqualified
right to grant to Logiq a license to any Underlying Works; v) [***] is not subject to any restrictions that would prevent [***] from entering
into or carrying out the provisions of this Agreement; (vi) [***] shall comply with all laws and regulations applicable to [***] and to
its performance of the services under this Agreement; and (vii) [***] has all requisite power and authority to execute, deliver and perform
its obligations under this Agreement.

 

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11.  Representations
and Warranties of Logiq. Logiq represents and warrants that it has the requisite corporate power and authority to enter into this
Agreement. The execution and delivery of this Agreement Logiq has been duly authorized by all necessary action on the part of Logiq and
no further action is required by Logiq in connection herewith. This Agreement has been duly executed by Logiq and, when delivered in accordance
with the terms hereof, will constitute the valid and binding obligation of Logiq enforceable against Logiq in accordance with its terms,
except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar
laws relating to, or affecting generally the enforcement of, creditors’ rights and remedies or by other equitable principles of
general application.

 

12.  Limitation
of Liability. NOTWITHSTANDING ANY TERM OR PROVISION OF THIS AGREEMENT TO THE CONTRARY, IN NO EVENT SHALL EITHER PARTY BE LIABLE TO
THE OTHER FOR ANY CONSEQUENTIAL, INDIRECT, INCIDENTAL, SPECIAL OR EXEMPLARY DAMAGES OF ANY KIND, REGARDLESS OF ANY THEORY OF RECOVERY
UNDER CONTRACT, TORT OR STRICT LIABILITY, AND REGARDLESS OF WHETHER SUCH PARTY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

 

13.  Termination.
Notwithstanding any other provision or provisions of this Agreement, either Party may terminate this Agreement at any time for any or
no reason upon 15 business days’ prior written notice to the other Party. In addition, if any principal of [***] is convicted of
any felony, Logiq may terminate this Agreement immediately without prior written notice to [***].

 

14.  Governing
Law. This Agreement, its application and interpretation of the rights and duties of the Parties hereto, shall be governed exclusively
by its terms and by the laws of the state of Arizona.

 

15.  Assignment.
[***] may not subcontract or otherwise delegate or assign this Agreement or any of its obligations under this Agreement without Logiq’s
prior written consent. Any attempted assignment in violation of the foregoing shall be null and void. Subject to the foregoing, this Agreement
will be binding upon, and inure to the benefit of, each Party’s successors, heirs, representatives, administrators, and permitted
assigns.

 

16.  Notices.
All notices, consents, requests, demands and other communications required or permitted under this Agreement shall be in writing and shall
be deemed to have been duly given, made and received if given at the Party’s respective address set forth on the first page of this
Agreement (i) delivered personally and, (ii) sent by registered or certified mail, postage prepaid and return receipt requested, (iii)
sent by overnight courier with a nationally recognized courier, or (iv) sent by e-mail, which shall be effective upon receipt of acknowledgement
of receipt from the other Party. If sent by mail, notice shall be considered delivered three (3) business days after the date of mailing,
and if sent by any other means set forth above, notice shall be considered delivered upon delivery thereof. Either Party may by notice
to the other Party change the address to which notice or other communications to it are to be delivered or mailed.

 

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17.  Headings.
Section headings are not to be considered a part of this Agreement and are not intended to be a full and accurate description of the contents
hereof.

 

18.  Modification
or Amendment. No amendment, change or modification of this Agreement shall be valid unless in writing signed by the Parties hereto.

 

19.  Entire
Understanding. This Agreement and any schedule or exhibit attached hereto constitute the entire understanding and agreement of the
Parties with respect to the subject matter hereof.

 

20.  Unenforceability
of Provisions. If any provision of this Agreement, or any portion thereof, is held to be invalid and unenforceable, then the remainder
of this Agreement shall nevertheless remain in full force and effect.

 

21.  Counterpart;
Electronic Signatures. This Agreement may be executed in counterparts, each of which shall constitute one and the same instrument.
This Agreement may be executed by electronic or digital signature, and an electronic or digital signature shall constitute an original
signature for purposes of this Agreement.

 

IN WITNESS WHEREOF the undersigned have executed
and delivered this Consulting Agreement as of the Effective Date.

 

	LOGIQ, INC.	 	[***] 
	 	 	 
	By:	        	 	By:	       
	 	 	 
	Name: 	 Brent Suen	 	Name: 	 [***]
	 	 	 
	Title:	 Chief Executive Officer	 	Title:	 Member

 

 

5

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