Document:

Exhibit
10.5 

 

SErVICES AGREEMENT

 

This Services Agreement
(“Agreement”) is effective as of January 28, 2021 (the “Effective Date”), by and between
BlueRiver Acquisition Corp., a Cayman Islands exempted company (“Company”) and BlueRiver Ventures Services LLC,
a Delaware limited liability company (“Service Provider” and together with Company, the “Parties”
and each a “Party”).

 

1.          
SERVICES.

 

Service Provider will
endeavor to provide certain services as set forth on Exhibit A attached hereto (the “Services”) in accordance
with and subject to the terms in the body of this Agreement.

 

2.          
TERM & TERMINATION.

 

The term of this Agreement
(and the provision of Services hereunder) will commence on the Effective Date and continue until the earlier of (x) the consummation
by the Company of an initial business combination and (y) the Company’s complete liquidation (in each case, as described
in the registration statement for the initial public offering of securities of the Company), unless earlier terminated by either
Party at any time. Upon any termination, all rights of Service Provider and all obligations of Company shall terminate, except
rights to payment accrued prior to termination, and Sections 4 and 5 shall survive termination.

 

3.          
COMPENSATION.

 

Company agrees to compensate Service Provider
for the Services in accordance with the rates and payment schedule set forth on Exhibit A attached hereto. All payments
to be made by Company to Service Provider under this Agreement shall be in U.S. dollars.

 

4.          
LIMITATION OF LIABILITY AND WARRANTY DISCLAIMER.

 

a.             
Limitation of Liability. NEITHER PARTY WILL BE LIABLE TO THE OTHER PARTY WITH RESPECT TO ANY SUBJECT MATTER OF THIS
AGREEMENT UNDER ANY CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHER LEGAL FORM OF ACTION OR EQUITABLE THEORY FOR (I) ANY AMOUNTS
IN EXCESS, IN THE AGGREGATE, OF THE FEES PAID TO SERVICE PROVIDER HEREUNDER DURING THE TWELVE-MONTH PERIOD PRIOR TO THE DATE THE
CAUSE OF ACTION AROSE, (II) ANY INDIRECT, EXEMPLARY, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES OR LOST DATA OR LOSS PROFITS
OR FOR LOSS OR CORRUPTION OF DATA OR INTERRUPTION OF USE, (III) COST OF PROCUREMENT OF SUBSTITUTE GOODS, TECHNOLOGY OR SERVICES,
OR (IV) ANY MATTER BEYOND SUCH PARTY’S REASONABLE CONTROL, EVEN IF SUCH PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH
LOSS OR DAMAGE.

 

b.              Warranty
Disclaimer. THE PARTIES HEREBY ACKNOWLEDGE AND AGREE THAT THE WORK PRODUCT AND SERVICES ARE PROVIDED “AS IS”
AND SERVICE PROVIDER AND COMPANY MAKE NO WARRANTIES TO ANY PERSON OR ENTITY WITH RESPECT TO THE WORK PRODUCT OR ANY
DERIVATIVES THEREOF OR ANY SERVICES OR LICENSES OR ANYTHING PROVIDED IN CONNECTION WITH THIS AGREEMENT AND DISCLAIM ALL
IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT.

 

     

     

    

 

c.              No
Claim Against the Trust Account. Service Provider hereby irrevocably waives any and all right, title, interest, causes of
action and claims of any kind (each, a “Claim”) in or to, and any and all right to seek payment of any amounts
due to it out of, the trust account established for the benefit of the public shareholders of Company and into which substantially
all of the proceeds of Company’s initial public offering will be deposited (the “Trust Account”), and
hereby irrevocably waives any Claim it may have in the future as a result of, or arising out of, this Agreement, which Claim would
reduce, encumber or otherwise adversely affect the Trust Account or any monies or other assets in the Trust Account, and further
agrees not to seek recourse, reimbursement, payment or satisfaction of any Claim against the Trust Account or any monies or other
assets in the Trust Account for any reason whatsoever.

 

5.          
GENERAL

 

a.             
Relationship of Parties. The Parties expressly understand and agree that Service Provider is an independent contractor
in the performance of each and every part of this Agreement (including the right to determine the manner and means by which the
Services and duties hereunder are to be provided) and is solely responsible for all of its employees and agents and its labor costs
and expenses arising in connection therewith and for any and all claims, liabilities, damages, taxes or debts of any type whatsoever
that may arise on account of Service Provider's activities, or those of its employees or agents, in connection with this Agreement.
Service Provider has no authority, right or ability to bind or commit Company in any way. This Agreement shall not create a partnership,
joint venture, or other similar type of legal arrangement.

 

b.              Assignment.Either
Party shall have the right to assign and transfer any and all of its rights and this Agreement and to delegate any and all of
its obligations to another party without consent of the other Party. This Agreement shall be binding on each of the Parties and
their respective successors and assigns.

 

c.             
Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware
without regard to the conflicts of laws provisions thereof.

 

d.              Interpretation. Any singular term in this Agreement shall be deemed to include the plural, and any plural term the
singular. The word “or” shall be inclusive and not exclusive, unless the context otherwise requires. Whenever the words
 “include”, “includes” or “including” are used in this Agreement, they shall be deemed to be
followed by the words “without limitation,” whether or not they are in fact followed by those words or words of like
import.

 

e.              Counterparts.
This Agreement may be executed in one or more counterparts, all of which will be considered one and the same agreement and
will become effective when one or more counterparts have been signed by each of the Parties and delivered to the other Party,
regardless of whether all of the Parties have executed the same counterpart. Counterparts may be delivered via facsimile,
electronic mail (including pdf and with an electronic or DocuSign signature) or other transmission method and any counterpart
so delivered will be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

     

     

    

 

f.               Entire Agreement; Amendment, Modification or Waiver; Notices. This Agreement (including any exhibits hereto and other
documents and instruments referenced herein and therein) sets forth the entire understanding of the Parties and supersedes all
prior or contemporaneous agreements, express or implied, oral or written, in each case, as to the subject matter of this Agreement.
This Agreement may not be amended or modified except in a writing executed by both Parties. Any purported waiver of any provision
of this Agreement by any Party will only be binding on such Party to the extent set forth in a written instrument duly executed
and delivered by such Party to the other Party. Any notices in connection with this Agreement will be in writing and sent by first
class US mail, or confirmed electronic mail or major commercial rapid delivery courier service.

 

g.              Severability.
In the event that any provision of this Agreement shall be determined to be illegal or unenforceable, that provision will be limited
or eliminated to the minimum extent necessary so that this Agreement shall otherwise remain in full force and effect and enforceable.

 

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY
LEFT BLANK]

 

     

     

    

 

IN WITNESS WHEREOF,
the Parties, each acting under due and proper authority, have executed this Agreement as of the date first above written.

 

 

	BLUERIVER ACQUISITION CORP.
	 
	By:	/s/ Randall Mays	 
	 	Name: Randall Mays
	 	Title: Co-Chairman, Co-CEO, CFO
	 
	 
	 
	BLUERIVER VENTURES SERVICES LLC
	 
	By:	/s/ John Gregg	 
	 	Name: John Gregg
	 	Title: Member

 

[Signature Page to Services Agreement]

 

     

     

    

 

EXHIBIT A

 

Services 

 

Rates and Payment Schedule:

 

Within five (5) Business Days following
the beginning of each calendar month, Company will pay Service Provider [$50,000] in respect of its estimated Costs for such calendar
month (the sum of such payments on a calendar quarterly basis, the “Estimate”). For purposes of this Agreement,
the term “Costs” means total direct and indirect costs, including allocable overhead costs. Within one (1) month
following the end of each calendar quarter, Service Provider will provide Company with an invoice for an amount equal to the difference
between (a) the sum of (x) actual Costs incurred by Service Provider for such calendar quarter and (y) ten percent (10%) of such
Costs and (b) the Estimate (such difference, the “Differential,” which for the avoidance of doubt may be a positive
number or a negative number). Within ten (10) Business Days following delivery of such invoice, (i) if the Differential is a positive
number, then Company will pay an amount equal to the Differential to Service Provider or (ii) if the Differential is a negative
number, then Service Provider will pay an amount equal to the absolute value of the Differential to Company.

 

Services to be provided by Service Provider to Company:

 

Service Provider shall be
responsible for the oversight and coordination of the following Company functions1:

		·	Administrative and General Overhead Services

		·	Accounting/Books and Records

		o	Accounts Payable

		o	Accounts Receivable

		o	General Ledger Accounting

		o	General Accounting

		·	Taxes

		·	Treasury

		·	Financial Statements / Periodic Reports if applicable

		·	SEC Filings and compliance with other regulatory
requirements

		·	Insurance

		·	Corporate Finance Services

		·	Corporate Communications

		·	Target identification and evaluation, due diligence
services, and other activities related to transaction execution

		·	Property Management, Office Space and Furniture

		·	Human Resources

		o	Payroll

		o	Benefits

		o	Employee Communications

		·	Other services to be agreed upon from time to
time

 

 

1
Note to Company: The bulleted services are standard services we have seen included in such arrangements. Please confirm
whether any services should be added or excluded from the list.sfor_ex101.htm

  EXHIBIT 10.1
  
 SETTLEMENT AND EXCHANGE AGREEMENT 
  
 ______________________ (the “Holder”), enters into this Settlement and Exchange Agreement (the “Agreement”) with Strikeforce Technologies, Inc. (the “Company”) on _______________whereby the Holder will exchange (the “Exchange”) the $74,042.22 of those certain amounts due under the note dated ___________(the “Debt”) for shares of the Company’s common stock with no par value (the “Common Stock”) as set forth herein.
  
 On and subject to the terms hereof, the parties hereto agree as follows: 
  
 Article I
  
  Exchange of the Debt for Common Stock 
  
 Section 1.1. Amount Due.  Holder and the Company agree to the outstanding balance of $74,042.22 due to Holder as of December 31, 2020 pursuant to the following agreements:
  
 ________________Note of $71,500.00 + Interest of $2,542.22                                                 
    
 Section 1.2 Exchange.  The Company and the Holder agree to exchange and settle 100% the debt owed by the Company to Holder for the issuance to the Holder of 74,042 (Seventy-Four thousand Forty-Two) shares of Common Stock (the “Exchange Shares”). 
  
 Article II 
  
 Covenants, Representations and Warranties of the Holders 
  
 The Holder hereby covenants as follows, and makes the following representations and warranties, each of which is and shall be true and correct on the date hereof, to the Company, and all such covenants, representations and warranties shall survive the Closing. 
  
 Section 2.1 Power and Authorization. The Holder has the power, authority and capacity to execute and deliver this Agreement, to perform its obligations hereunder, and to consummate the Exchange contemplated hereby. 
  
 Section 2.2 Valid and Enforceable Agreement; No Violations. This Agreement has been duly executed and delivered by the Holder and constitutes a legal, valid and binding obligation of the Holder, enforceable against the Holder in accordance with its terms, except that such enforcement may be subject to (a) bankruptcy, insolvency, fraudulent transfer, reorganization, moratorium or other similar laws affecting or relating to enforcement of creditors’ rights generally, and (b) general principles of equity, whether such enforceability is considered in a proceeding at law or in equity (such qualifications in clauses (a) and (b) being the “Enforceability Exceptions”). This Agreement and consummation of the Exchange will not violate, conflict with or result in a breach of or default under (i) any agreement or instrument to which the Holder is a party or by which the Holder or any of their respective assets are bound, or (ii) any laws, regulations or governmental or judicial decrees, injunctions or orders applicable to the Holder. 
  
 Section 2.3 Title to the Debt. The Holder is the sole legal and beneficial owner of the Debt. The Holder has good, valid and marketable title to the Debt, free and clear of any Liens. The Holder has not, in whole or in part, , (a) assigned, transferred, hypothecated, pledged, exchanged or otherwise disposed of any of its rights in the Debt, or (b) given any person or entity any transfer order, power of attorney or other authority of any nature whatsoever with respect to its Debt. Upon delivery of the Exchange Shares the Debt will be satisfied in full and the Company will have no further obligation to the Holder.
  
 	 
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 Section 2.4 Restricted Stock. The Holder (a) acknowledges that the  Exchange Shares have not been registered under the Securities Act or any state securities laws, and the Exchange Shares are being offered and sold in reliance upon exemptions provided in the Securities Act and state securities laws for transactions not involving any public offering and, therefore, cannot be sold, transferred, offered for sale, pledged, hypothecated or otherwise disposed of unless they are subsequently registered and qualified under the Securities Act and applicable state laws or unless an exemption from such registration and qualification is available, and that certificates representing the Exchange Shares will bear a legend to such effect, and (b) is purchasing the Exchange Shares for investment purposes only for the account of the Holder and not with any view toward a distribution thereof or with any intention of selling, distributing or otherwise disposing of the Exchange Shares in a manner that would violate the registration requirements of the Securities Act. The Holder is able to bear the economic risk of holding the Exchange Shares for an indefinite period and has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the merits and risk of its investment in the Shares. 
  
 Section 2.5 Adequate Information; No Reliance. The Holder acknowledges and agrees that (a) the Holder has been furnished with all materials it considers relevant to making an investment decision to enter into the Exchange and has had the opportunity to review the Company’s filings and submissions with OTC Markets at www.otcmarkets.com, (b) the Holder has had a full opportunity to ask questions of the Company concerning the Company, its business, operations, financial performance, financial condition and prospects, and the terms and conditions of the Exchange, (c) the Holder has had the opportunity to consult with its accounting, tax, financial and legal advisors to be able to evaluate the risks involved in the Exchange and to make an informed investment decision with respect to such Exchange and (d) the Holder is not relying, and has not relied, upon any statement, advice (whether accounting, tax, financial, legal or other), representation or warranty made by the Company or any of its affiliates or representatives including, without limitation, its attorneys, except for (A) the publicly available filings and submissions made by the Company with OTC Markets, and (B) the representations and warranties made by the Company in this Agreement. The Holder is an Accredited Investor as described under the Securities Act of 1933.
  
 Section 2.6 Limited Public Market. The Holder understands that there may be a limited public market for the Common Stock, and that there is no assurance that Holder will be able to sell the Exchange Shares. 
  
 Article III 
  
 Covenants, Representations and Warranties of the Company 
  
 The Company hereby covenants as follows, and makes the following representations and warranties, each of which is and shall be true and correct on the date hereof, to the Holder and all such covenants, representations and warranties shall survive the Closing. 
  
 Section 3.1 Power and Authorization. The Company is duly incorporated, validly existing and in good standing under the laws of its state of incorporation, and has the power, authority and capacity to execute and deliver this Agreement and to perform its obligations hereunder and thereunder, and to consummate the Exchange contemplated hereby. 
  
 Section 3.2 Valid and Enforceable Agreements; No Violations. This Agreement has been duly executed and delivered by the Company and constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except that such enforcement may be subject to the Enforceability Exceptions. This Agreement and consummation of the Exchange will not violate, conflict with or result in a breach of or default under (i) the charter, bylaws or other organizational documents of the Company, (ii) any agreement or instrument to which the Company is a party or by which the Company or any of its assets are bound, or (iii) any laws, regulations or governmental or judicial decrees, injunctions or orders applicable to the Company. 
  
 Section 3.3 Validity of the Exchange Shares. The Exchange Shares have been duly authorized and will upon issuance be validly issued, fully paid and non-assessable, and the issuance of the Exchange Shares will not be subject to any preemptive, participation, rights of first refusal or other similar rights. Exchange Shares (a) will be issued in the Exchange exempt from the registration requirements of the Securities Act pursuant to Section 4(2) of the Securities Act. 
  
 	 
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 Article IV
  
 Miscellaneous 
  
 Section 4.1 Entire Agreement. This Agreement and any documents and agreements executed in connection with the Exchange embody the entire agreement and understanding of the parties hereto with respect to the subject matter hereof and supersede all prior and contemporaneous oral or written agreements, representations, warranties, contracts, correspondence, conversations, memoranda and understandings between or among the parties or any of their agents, representatives or affiliates relative to such subject matter, including, without limitation, any term sheets, emails or draft documents. 
  
 Section 4.2 Construction. References in the singular shall include the plural, and vice versa, unless the context otherwise requires. References in the masculine shall include the feminine and neuter, and vice versa, unless the context otherwise requires. Headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meanings of the provisions hereof. Neither party, nor its respective counsel, shall be deemed the drafter of this Agreement for purposes of construing the provisions of this Agreement, and all language in all parts of this Agreement shall be construed in accordance with its fair meaning, and not strictly for or against either party. 
  
 Section 4.3 Governing Law. This Agreement shall in all respects be construed in accordance with and governed by the substantive laws of the State of Florida, without reference to its choice of law rules. Venue for any action arising pursuant hereto shall be brought in the state or federal courts located in Broward County, Florida.
  
 Section 4.4 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument. Any counterpart or other signature hereon delivered by facsimile shall be deemed for all purposes as constituting good and valid execution and delivery of this Agreement by such party. 
  
 	 
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 IN WITNESS WHEREOF, each of the parties hereto has caused this Agreement to be executed as of the date first above written. 
  
 “COMPANY” 
  
 STRIKEFORCE TECHNOLOGIES, INC.
  
  
 By: ________________________________                              
  
 Name: _____________________________                         
  
 Title: ______________________________                          
  
  
 “HOLDER”
 __________________________________
  
 By:_______________________________
  
 Name: ____________________________                       
  
 Title: ____________________________
  
  	 
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