Exhibit 10.1
EXECUTIVE
EMPLOYMENT AGREEMENT
This
Executive Employment Agreement (this “Agreement”), dated as of November 4, 2020 (the “Effective Date”),
is entered into by and between Logiq, Inc., a Delaware corporation (the “Company”), and Steven Hartman (the
“Employee”).
RECITALS
WHEREAS,
Company wishes to employ Employee as its Chief Product Officer;
WHEREAS,
Employee represents that Employee possesses the necessary skills to perform the duties of this position and that Employee has no
obligation to any other person or entity which would prevent, limit or interfere with Employee’s ability to do so; and
WHEREAS,
Employee and Company desire to enter into a formal Executive Employment Agreement to assure the harmonious performance of the affairs
of Company.
NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:
AGREEMENT
1.
Definitions. In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect
under this Agreement:
(a)
“Affiliate” means, with respect to any entity, any person or entity, directly or indirectly controlling or controlled
by or under direct or indirect common control with such entity.
(b)
“Board” means the Board of Directors of the Company.
(c)
“Cause” means: (i) the Employee’s material breach of this Agreement and such breach is not cured by the
Employee within thirty (30) days after written notice from the Company; (ii) the Employee’s failure to perform Employee’s
material duties and obligations under this Agreement (other than during any period of Disability) and such failure is not cured
by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee’s material malfeasance
or material misconduct in connection with the performance of Employee’s duties hereunder and such conduct is not cured by
the Employee within thirty (30) days after written notice from the Company; or (iv) the Employee’s conviction of, or pleading
guilty or nolo contendere to, a felony or the equivalent thereof, any other crime having as its predicate element fraud, dishonesty,
misappropriation, moral turpitude, or theft.
(d)
“Change of Control” means the consummation of a transaction or a series of transactions that results in: (i)
any sale or other disposition of all or substantially all of the assets of the Company that occurs over a period of not more than
twelve (12) months; or (ii) any person, or more than one person acting as a group, acquiring ownership of stock of the Company,
that together with the stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market value
or total voting power of the stock of such corporation. However, a Change of Control shall not include (x) any consolidation or
merger effected exclusively to change the domicile or name of the Company, or (y) any transaction or series of transactions principally
for bona fide equity financing purposes in which cash is received by the Company or any successor or indebtedness of the Company
is cancelled or converted or a combination thereof.
(e)
“Disability” means and shall be deemed to have occurred if, in the Board’s reasonable discretion, after
consultation with a physician selected by the Board, the Employee shall have been unable to perform the essential functions of
the Employee’s duties, even with reasonable accommodation if required by law, for a period of not less than one hundred twenty
(120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period. The Employee shall cooperate
in submitting to medical examinations and providing medical records to the physician selected by the Board as reasonably requested
by the Board in making a determination of Disability hereunder.
2.
Employment. The Company agrees to employ the Employee, and the Employee agrees to be employed by the Company, for the period
set forth in Paragraph 3, in the position and with the duties and responsibilities set forth in Paragraph 4, and upon the other
terms and conditions set out in this Agreement.
3.
Term. The term of the Agreement shall commence on the Effective Date and, shall terminate at 12:00 a.m. midnight on the
day immediately preceding the twelve (12) month anniversary thereof, unless earlier terminated as provided herein (the “Initial
Term”). The Initial Term shall be automatically extended for successive six (6) month terms after the expiration of the
Initial Term, unless either the Company or the Employee provides the other party written notice no more than ninety (90) days and
no less than ten (10) days prior to the expiration of the Initial Term or any renewal term of such party’s desire not to
renew this Agreement (the Initial Term, as so extended, the “Employment Term”).
4.
Position and Duties.
(a)
During the Employment Term, the Employee shall serve as the Chief Product Officer of the Company. The Employee shall serve and
perform such other duties, functions, responsibilities, and authority as are from time to time delegated to the Employee by the
Board or Chief Executive Offer; provided, however, that such duties, functions, responsibilities, and authority are reasonable
and customary for a person serving in the same or similar capacity of an enterprise comparable to the Company.
(b)
During the Employment Term, the Employee shall devote sufficient business time, skill, attention and effort to all facets of the
business and affairs of the Company and will use Employee’s efforts to discharge fully, faithfully, and efficiently the duties
and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided, however, nothing herein
shall be construed as providing that Employee may not engage in outside business activities.
(c)
The Company considers the protection of its confidential information, proprietary materials and goodwill to be extremely important.
Accordingly, the Employee will be required to sign the Company’s confidentiality, non-solicitation, non-compete and assignment
of inventions agreement attached as Exhibit 1 hereto (the “Confidentiality, Non-Solicitation Non-Compete and Assignment
of Inventions Agreement”), as a condition of Employee’s employment.
5. Compensation
and Related Matters.
(a)
Base Salary. The Company shall pay the Employee a base salary at the annual rate of not less than Two Hundred Twenty Thousand
Dollars (USD $220,000), provided, however, such base salary shall be earned monthly and payable “on a salary basis”
under applicable federal law (“Base Salary”). During the Employment Term, the Base Salary will be reviewed annually
and is subject to adjustment at the discretion of the Board, but in no event may the Company pay the Employee a Base Salary less
than that set forth above during the Employment Term. Payment of all compensation to the Employee hereunder shall be made in accordance
with the terms of this Agreement and applicable Company policies in effect from time to time, including normal payroll practices,
and shall be subject to all applicable withholdings and taxes.
(b)
Bonus. The Employee shall be entitled to receive bonus (the “Bonus”) and incentive compensation, described
in Section 5(c) below (the “Incentive Compensation”) of up to $88,000 per annum based on the performance metrics
of the Company. Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to the Employee in
equal quarterly installments (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee
continues to be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof.
(c)
Incentive Compensation. Subject to (i) approval of the Board, and (ii) upon the Company adopting an equity incentive plan
(the “Plan”), Employee shall receive equity compensation, which shall be granted pursuant to the terms of the
Plan when such Plan is adopted by the Company.
The Bonus
and Incentive Compensation terms shall be mutually agreed upon within 10 days of the execution of their agreement, subject to the
approval of the Company’s Board, and may be subject to adjustment with at least 30 days’ notice no more than annually.
(d)
Employee Benefits and Perquisites. During the Employment Term, the Employee will be entitled to: (i) participate in the
Company’s long-term disability, and health plans (“Employee Benefits”); (ii) the perquisites and other
fringe benefits that are from time to time made available by the Company generally to its employees; and (iii) such perquisites
and fringe benefits that are from time to time made available by the Company to the Employee in particular, subject to any applicable
terms and conditions of any specific perquisite or other fringe benefit; provided, however, that nothing contained herein shall
be deemed to require the Company to adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or
fringe benefit. The Employee shall be required to comply with the conditions attendant to coverage by such plans and shall comply
with and be entitled to benefits only in accordance with the terms and conditions of such plans as they may be amended from time
to time. The Employee agrees to cooperate and participate in any medical or physical examinations as may be required in connection
with the applications for such life and/or disability insurance policies.
(e)
Expenses. The Employee shall be entitled to receive reimbursement for all reasonable and necessary business expenses incurred
by the Employee in performing Employee’s duties and responsibilities under this Agreement, consistent with the Company’s
policies or practices as may from time to time be in effect for reimbursement of expenses incurred by other Company senior executives.
All expenses shall be reimbursed within fifteen (15) days after Employee submits an expense report and any required documentation.
(f)
Vacations and Personal Leave. Employee shall be entitled to twenty (20) paid time off days for each twelve (12) consecutive
calendar monthly period during the Employment Term, to be taken in accordance with the vacation accrual schedule, if any, and carried
over only to the extent set forth or otherwise permitted in the Company’s personnel policies or employee handbook. The Employee
shall also be eligible for sick pay, and other paid and unpaid time off in accordance with the policies and practices of the Company
as may from time to time be in effect for its employees.
(g)
Indemnification. The Company shall indemnify the Employee, to the maximum extent permitted by applicable law, against all
costs, charges and expenses incurred or sustained by Employee in connection with any action, suit or proceeding to which Employee
may be made a party by reason of being an officer, director, employee, contractor or agent of the Company or of any subsidiary
or affiliate of the Company or any other corporation for which Employee serves as an officer, director, or employee at the Company’s
request.
6.
Termination of Employment.
(a)
Death. This Agreement shall terminate automatically upon the Employee’s death.
(b)
Disability. The Company may terminate this Agreement at any time upon the Board’s determination of the Employee’s
Disability; provided, however, that such termination must occur while the Disability is in existence and before the Employee returns
to work at the Company on a full time basis.
(c)
Termination by the Company for Cause. The Company may immediately terminate this Agreement for Cause after the Board’s
determination that Cause exists.
(d)
Termination by the Employee (Resignation). The Employee may terminate this Agreement for any reason, upon at least ten (10)
days advance prior written notice to the Company.
(e)
Termination by the Company Without Cause. The Company may terminate this Agreement without Cause upon ten (10) days’
advance prior written notice to Employee; provided, however, notwithstanding the foregoing, the Company may elect to terminate
this Agreement immediately and provide the Employee an immediate payment equal to one (1) month of the Employee’s Base Salary
and other employment benefits during the notice period.
(f)
Termination or Assignment upon a Change of Control. This Agreement shall terminate automatically upon a Change of Control
provided that the Employee enters into a new employment agreement with the acquiring entity as a part of the Change of Control
with equal or greater terms than provided herein. If no new employment agreement is entered into with such acquiring entity, then
the Company’s obligations under this Agreement shall be assigned to and assumed by such acquiring entity as provided in Paragraph
12 herein.
(g)
Notice of Termination. Any termination of the Employee’s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A “Notice of Termination” is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.
(h)
Employment Termination Date. The Employment Termination Date shall be as follows: (i) if the Employee’s employment is
terminated by Employee’s death, the date of Employee’s death; (ii) if the Employee’s employment is terminated
pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination
Date”).
(i)
Transition Period. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the “Transition
Period”), the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee
by the Board. The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any
work performed by the Employee for the Company during the Transition Period.
7.
Compensation Upon Termination of Employment.
(a)
Death. Upon termination of this Agreement because of the Employee’s death: (i) the Company shall pay the Employee’s
estate the accrued and unpaid portion of the Employee’s Base Salary and any Bonuses earned for services provided through
the Employment Termination Date (the “Compensation Payment”); (ii) the Company shall pay the Employee’s
estate any reimbursement for business travel and other expenses to which the Employee is entitled hereunder (the “Reimbursement”);
and (iii) any unvested portion of any options, stock, RSUs, or other securities of the Company or any of its Affiliates granted
to Employee which are subject to vesting (“Unvested Securities”), shall immediately be issued (in the case of
stock grants) and become exercisable (in the case of stock options, warrants or other convertible securities), regardless of the
vesting or termination provisions of such Unvested Securities. For purposes of clarity, to the extent the vesting or other provisions
of any Unvested Securities conflict with the terms of this Paragraph 7(a), the terms of this Paragraph 7(a) shall govern.
(b)
Disability. Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company
shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested
Securities shall immediately be issued (in the case of stock grants) and become exercisable (in the case of stock options, warrants
or other convertible securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities
conflict with the terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.
(c)
Termination for Cause. Upon termination of this Agreement by the Company for Cause pursuant to Paragraph 6(c), the Company
shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.
(d)
Termination by the Employee (Resignation). Upon Termination of this Agreement by the Employee pursuant to Paragraph 6(d),
the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.
(e)
Termination by the Company Without Cause. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph
6(e), except in connection with a termination in connection with a Change of Control: (i) the Company shall pay the Employee the
Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately
be issued (in the case of stock grants) and become exercisable or convertible (in the case of stock options, warrants or other
convertible securities); (iv) the Company shall pay the Employee, as severance, a sum equal to six (6) months Base Salary, as adjusted
pursuant to Paragraph 5(a) (the “Severance”); and (v) the Company shall continue to provide Employee with Employee
Benefits for six (6) months, or reimburse Employee for the expense of obtaining equivalent benefits. The Severance shall be payable
in equal payments over 6 months following the effective date of the termination, and shall be subject to all applicable withholdings
and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.
(f)
Termination upon a Change of Control. Upon termination of this Agreement pursuant to Paragraph 6(f) or within 12 months
after a Change of Control as provided in Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii)
the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case of
stock grants) and become exercisable or convertible (in the case of stock options, warrants or other convertible securities), (iv)
and the Company shall pay the Employee the Severance. For purposes of clarity, to the extent the vesting or other provisions of
any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph 7(f) shall govern.
(g)
No Effect on Other Benefits. The payments provided for in Paragraphs 7(a) through 7(f) do not limit the entitlement of the
Employee or the Employee’s estate or beneficiaries to any amounts payable pursuant to the terms of any applicable disability
insurance plan, policy, or similar arrangement that is maintained by the Company for the Employee’s benefit or to any death
or other vested benefits to which the Employee may be entitled under any life insurance, stock ownership, stock options, or other
benefit plan or policy that is maintained by the Company for the Employee’s benefit.
(h)
No Mitigation. The Employee will not be required to mitigate the amount of any payment provided for in this Agreement by
seeking other employment or otherwise, nor will the amount of any payment provided for under this Agreement be reduced by any profits,
income, earnings, or other benefits received by the Employee from any source other than the Company or its successor.
8.
Survival. The expiration or termination of this Agreement will not impair the rights or obligations of any party hereto
that accrues hereunder prior to such expiration or termination, including, but not limited to, the Company’s obligations
under Paragraphs 5(g) and 7.
9.
Withholding Taxes. The Company shall withhold from any payments to be made to the Employee pursuant to this Agreement such
amounts (including social security contributions and federal income taxes) as shall be required by federal, state, and local withholding
tax laws.
10.
Notices. All notices, requests, demands, and other communications required or permitted to be given or made by either party
shall be in writing and shall be deemed to have been duly given or made (a) when delivered personally, or (b) when deposited and
sent via overnight courier, to the party for which intended at the following addresses (or at such other addresses as shall be
specified by the parties by like notice, except that notices of change of address shall be effective only upon receipt):
If to the
Company, at:
Logiq, Inc.
Attn: Tom Furukawa
_______________
_______________
E-mail: _______________
If
to the Employee, at: the Employee’s then-current home address on file with the Company.
Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.
11.
Binding Effect: No Assignment by the Employee: No Third-Party Benefit. This Agreement shall be binding upon and inure to
the benefit of the parties and their respective heirs, legal representatives, successors, and assigns. The Employee shall not have
any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments or other benefits provided under this
Agreement; and no benefits payable under this Agreement shall be assignable in anticipation of payment either by voluntary or involuntary
acts, or by operation of law, except by will or pursuant to the laws of descent and distribution. Nothing in this Agreement, express
or implied, is intended to or shall confer upon any person other than the parties, and their respective heirs, legal representatives,
successors, and permitted assigns, any rights, benefits, or remedies of any nature whatsoever under or by reason of this Agreement.
12.
Assumption by Successor. Subject to Paragraph 6(f), the Company shall require any successor or assignee (whether direct
or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business and/or assets of the
Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly, absolutely, and unconditionally
to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform
it if no such succession or assignment had taken place. As used in this Paragraph, “Company” shall include any
successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all
the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph or that otherwise
becomes obligated under this Agreement by operation of law.
13.
Arbitration. The parties agree that any controversy or claim arising out of or relating to this Agreement, or the breach
thereof, shall be resolved exclusively by confidential, final and binding arbitration administered by the American Arbitration
Association (“AAA”) under its Commercial Arbitration Rules. All disputes shall be resolved by one (1) arbitrator.
The arbitrator will have the authority to award the same remedies, damages, and costs that a court could award, and will have the
additional authority to award specific performance and/or injunctive or other relief in order to enforce or prevent any violations
of the provisions hereof (without requiring the posting of a bond or other security). The arbitrator shall issue a reasoned award
explaining the decision, the reasons for the decision, and any damages or other relief awarded. The arbitrator’s decision
will be final and binding. The judgment on the award rendered by the arbitrator may be entered in any court having jurisdiction
thereof. This provision and any decision and award hereunder can be enforced under the Federal Arbitration Act.
14.
Governing Law and Venue. This Agreement shall be governed by, construed and enforced in accordance with the laws of the
State of California, without regard to conflict of laws rules or principles which might refer the governance or construction of
this Agreement to the laws of another jurisdiction. Any action or arbitration in regard to this Agreement or arising out of its
terms and conditions shall be instituted and litigated only in Orange County, California.
15.
Entire Agreement. This Agreement, and the Exhibits, schedules, and documents attached and referred to herein, contains the
entire agreement among the parties concerning the subject matter hereof and supersedes all prior agreements and understandings,
written and oral, between the parties with respect to the subject matter of this Agreement, except that all confidentiality, assignment,
and non-disclosure provisions and agreements between the Employee and the Company are still in force and non-superseded.
16.
Modification: Waiver. No amendment, modification or waiver of this Agreement shall be effective unless it is in writing
and signed by the Employee and by a duly authorized representative of the Company (other than the Employee). Each party acknowledges
and agrees that no breach of this Agreement by the other party or failure to enforce or insist on its or Employee’s rights
under this Agreement shall constitute a waiver or abandonment of any such rights or defenses to enforcement of such rights.
17.
Severability. If any provision of this Agreement shall be determined by a court or arbitrator to be invalid or unenforceable,
the remaining provisions of this Agreement shall not be affected thereby, shall remain in full force and effect, and shall be enforceable
to the fullest extent permitted by applicable law.
18.
Counterparts. This Agreement may be executed by the parties in any number of counterparts, each of which shall be deemed
an original, but all of which shall constitute one and the same agreement. Counterparts delivered by electronic mail or facsimile
shall be effective.
[Signatures
on following page.]
IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.
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COMPANY:
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LOGIQ, INC.,
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a Delaware corporation
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Dated: __________________________________
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By:
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Tom Furukawa, CEO
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EMPLOYEE:
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Dated: __________________________________
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Steven Hartman
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ADDRESS:
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[Signature Page to Employment Agreement]
Exhibit 99.1
Logiq Appoints
Silicon Valley MarTech Senior Executive, Steven J. Hartman, as Chief Product Officer and Makes Other Key Appointments
New York, NY – November 10,
2020 – Logiq, Inc. (OTCQX: LGIQ), a global provider of award-winning eCommerce and Fintech solutions, has appointed
and promoted four executives to new or existing positions.
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Steven
J. Hartman has joined Logiq as its new chief product officer, succeeding Eddie Foong.
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Foong
has been appointed to the new position of vice president of product for AppLogiq,
Logiq’s award-winning mobile app builder, which he has been overseeing for several
years.
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Daniel
Urbino has been promoted to chief operating officer of Logiq, succeeding John MacNeil.
Urbino previously served as chief operating officer of DataLogiq, a leading e-Commerce
platform acquired by Logiq in January of this year.
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MacNeil
has been appointed to the new position of chief of staff of Logiq and will continue to
serve as company director. He will be responsible for ensuring success in all areas of
the company's operations, particularly those involving cross-functional, organization-wide
activities. He will also be involved in identification, execution, and integration of
M&As in collaboration with the company’s business units and finance teams.
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“These
new appointments and promotions better position us for continued rapid growth and global expansion,” stated Logiq CEO, Tom
Furukawa. “They reflect our continued evolution from primarily
an eCommerce services company to a leading global innovator of data-driven consumer intelligence and marketing technology platform
with operations around the world.”
“Steve’s
global marketing technology experience will play an important role in helping us achieve the full potential of new major industry
partnerships, like our recently announced exclusive strategic
alliance with KMSB and new partnership with ShopeePay,”
added Furukawa. “His deep experience in enterprise software
and marketing technology will also play a critical role with integration after we complete our acquisition of Fixel AI, a leading
innovator in AI-powered digital marketing technology.”
Hartman commented: “I’m
excited to join the leadership team at Logiq at this pivotal time in the company’s
global growth and development. I look forward to further strengthening our product and marketing technologies companywide that
now cover the full spectrum, from mobile commerce and fintech solutions for micro-, small- and medium-sized businesses to AI-powered
customer acquisitions for major enterprises and brands.”
Executive Bios
Steven J. Hartman is a product
and marketing executive with over 25 years of experience in enterprise software and marketing at major technology companies, including
Yahoo!, IBM, Acxiom, Kenshoo, The Rubicon Project, and Siebel Systems.
He served as vice president of global
marketing at Kenshoo, a digital advertising platform that connects marketers and customers across search, social and e-Commerce
channels. For Kenshoo, he instituted marketing programs that increased topline growth, reduced marketing spend and grew the bottom
line. Prior to Kenshoo, he served as vice president of marketing at Viglink (now Sovrn), an outbound-traffic monetization service
for publishers, forums, and bloggers.
He served as vice president of product
marketing at Acxiom (now LiveRamp Holdings), a SaaS-based data connectivity platform. At Acxiom, he co-led product positioning
and awareness of the LiveRamp acquisition, a data connectivity platform acquired by Acxiom. Before Acxiom, he served as vice president
of marketing at The Rubicon Project, where he led its global marketing.
He held several senior level product
and marketing roles at Yahoo! and IBM. At Yahoo!, he managed a product management team that successfully launched and grew the
company’s display advertising platform. At IBM, he developed
and executed multi-touch marketing campaigns for Tivoli’s
line of J2EE-based solutions that generated $285 million in annual revenue.
An accomplished MarTech innovator, Hartman
is named on several technology patents covering programmatic advertising, private exchange, and inventory ad tagging innovations.
He holds a Bachelor of Science with Honors in Industrial Engineering from Purdue University.
Eddie Foong has over 17 years
of experience in IT, sales and marketing and operations. He was CTO at a RFID technology company that developed and changed Singapore
National Library Books borrowing system island-wide. He is also an IBM Award recipient and holds a Bachelor of Engineering, first-class
honors, from University of Strathclyde, U.K.
John MacNeil has more than 30
years of experience in the financial services and technology industries. He has advised technology, financial technology and renewable
energy companies on strategic relationships, financial forecasting, investor relations and capital formation. He previously served
as a portfolio manager for technology funds at Schroders Investment Management. He holds a Bachelor of Electrical Engineering
from University of Connecticut and an MBA from Columbia Business School.
Daniel Urbino has over a decade
of experience in corporate finance and accounting, strategy and operations, working with startups to large publicly traded companies
with over $2 billion in annual revenue. Prior to Loqiq, Urbino served as chief operating officer of ConversionPoint Technologies,
a leading eCommerce technology platform for direct-to-consumer performance marketing, where he played a key role in several M&A
transactions including the sale of two subsidiaries. Prior to ConversionPoint, Urbino served in a senior leadership role for a
division of VCA that was responsible for approximately $400 million in annual revenue. He holds a Bachelor of Arts from the University
of California, Santa Barbara and an MBA from the University of Southern California. He is a certified public accountant in the
State of California.
About Logiq
Logiq, Inc. (OTCQX: LGIQ) is
a U.S.-based leading global provider of eCommerce, mCommerce, and fintech business enablement solutions. Its AppLogiq™ platform-as-a-service
enables small-and-medium sized businesses worldwide to easily create and deploy a native mobile app for their business without
technical knowledge or background. AppLogiq empowers businesses to reach more customers, increase sales, manage logistics, and
promote their products and services in an easy, affordable, and highly efficient way. AppLogiq is offered in 14 languages across
10 countries and three continents, including some of the fastest-growing emerging markets in Southeast Asia.
The company’s subsidiary, DataLogiq, provides a data-driven,
end-to-end eCommerce marketing solution for enterprises and major U.S. brands, including Home Advisor, QuinStreet and Sunrun.
Its AI-powered LogiqX™ data engine delivers valuable consumer insights that enhance the ROI of online marketing spend. The
company’s PayLogiq™ offers mobile payments,
and GoLogiq™ offers hyper-local food delivery services. For more information about Logiq, go to Logiq.com.
Forward-Looking Disclaimer
This press release may contain certain
forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. Logiq cautions you that
statements in this press release that are not a description of historical facts are forward-looking statements. These statements
are based on Logiq 's current beliefs and expectations. The inclusion of forward-looking statements should not be regarded as
a representation by Logiq or its affiliates that any of its plans or expectations will be achieved. Actual results may differ
from those set forth in this press release due to the risk and uncertainties inherent in Logiq’s
business, including, without limitation: the fitness of Logiq’s
products and services for a particular application or market, expectations of future events, business trends, financial results,
and/or business transactions that may not be consummated or realized, as well as other risks described in Logiq’s
prior press releases and in its filings with the Securities and Exchange Commission (“SEC”),
including under the heading "Risk Factors" in Logiq’s
Annual Report on Form 10-K and any subsequent filings with the SEC. You are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof, and Logiq undertakes no obligation to revise or update this press release
to reflect events or circumstances after the date hereof.
Company Contact
Brent Suen, President
Logiq, Inc.
Email contact
Media & Investor Contact
Ronald Both or Grant Stude
CMA Investor & Media Relations
Tel (949) 432-7566
Email contact