Exhibit 10.15 


 


Certain
identified information has been excluded from this exhibit because it is both (i) not material and


(ii) would
be competitively harmful if publicly disclosed. 


 


FUTURES
SALES AND PURCHASE AGREEMENT


 


BETWEEN


 


Bitmain
Technologies Limited


(“Bitmain”)


 


AND


 


NBTC
Limited 


(“Purchaser”)


 






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	1.	Definitions and Interpretations	3
	2.	Sales of Product(s)	5
	3.	Prices and Terms of Payment	6
	4.	Shipping of Product(s)	7
	5.	Customs	9
	6.	Warranty	9
	7	Representations and Warranties	11
	8	Indemnification and Limitation of Liability	12
	9	Distribution	13
	10	Intellectual Property Rights	13
	11	Confidentiality and Communications	14
	12	Term and Termination of this Agreement	14
	13	Contact Information	14
	14	Compliance with Laws and Regulations	16
	15	Force Majeure	17
	16	Entire Agreement and Amendment	17
	17	Assignment	18
	18	Severability	18
	19	Personal Data	18
	20	Conflict with the Terms and Conditions	18
	21	Governing Law and Dispute Resolution	19
	22	Waiver	19
	23	Counterparts and Electronic Signatures	19
	24	Further Assurance	19
	25	Third Party Rights	19
	26	Liquidated Damages Not Penalty	19


 






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This
futures sale and purchase agreement (this “Agreement”) is made on 2021.03.16 by and between Bitmain Technologies Limited
(“Bitmain”) (Company number: 2024301), with its registered office at Unit A1 of Unit A, 11th Floor, Success Commercial
Building, 245-251 Hennessy Road, Hong Kong, and NBTC Limited (the “Purchaser”) (UEN: 2006760), with its principal
place of business at Room 1502, 15/F, Harcourt House, 39 Gloucester Road, Wanchai, Hong Kong.


 


Bitmain
and the Purchaser shall hereinafter collectively be referred to as the “Parties”, and individually as a “Party”.


 


Whereas:


 


		1.	Purchaser
                                         fully understands the market risks, the price-setting principles and the market fluctuations
                                         relating to the Products sold under this Agreement.



 


		2.	Purchaser
                                         has purchased Products through the website of Bitmain (i.e., https://shop.bitmain.com/,
                                         similarly hereinafter) for many times, and is familiar with the purchase order processes
                                         of Bitmain’s website.



 


		3.	Based
                                         on the above consensus, the Purchaser is willing to purchase and Bitmain is willing to
                                         supply cryptocurrency mining hardware and other equipment in accordance with the terms
                                         and conditions of this Agreement.



 


The
Parties hereto agree as follows:


 


		1.	Definitions
                                         and Interpretations



 


The
following terms, as used herein, have the following meanings:


 


“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control
with such Person; “Person” means any individual, corporation, partnership, limited partnership, proprietorship, association,
limited liability company, firm, trust, estate or other enterprise or entity (whether or not having separate legal personality);
and “Control” means the power or authority, whether exercised or not, to direct the business, management and policies
of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, provided
that such power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or power to direct
the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such
Person or power to control the composition of a majority of the board of directors of such Person. The terms “Controlled”
and “Controlling” have meanings correlative to the foregoing.


 


“Applicable
Law” means any treaty, law, decree, order, regulation, decision, statute, ordinance, rule, directive, code or other
document that has legal force under any system of law, including, without limitation, local law, law of any other state or
part thereof or international law, and which creates or purports to create any requirement or rule that may affect, restrict,
prohibit or expressly allow the terms of this Agreement or any activity contemplated or carried out under this
Agreement.


 






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“Bank
Account” means the bank account information of Bitmain provided in Appendix A of this Agreement.


 


“Force
Majeure” means in respect of either Party, any event or occurrence whatsoever beyond the reasonable control of that Party,
which delays, prevents or hinders that Party from performing any obligation imposed upon that Party under this Agreement, including
to the extent such event or occurrence shall delay, prevent or hinder such Party from performing such obligation, war (declared
or undeclared), terrorist activities, acts of sabotage, blockade, fire, lightning, acts of god, national strikes, riots, insurrections,
civil commotions, quarantine restrictions, epidemics, earthquakes, landslides, avalanches, floods, hurricanes, explosions and
regulatory and administrative or similar action or delays to take actions of any governmental authority.


 


“Insolvency
Event” in the context of the Purchaser means any of the following events:


 


	i)	a
                                         receiver, receiver and manager, judicial manager, official manager, trustee, administrator
                                         or similar official is appointed, or steps are taken for such appointment, over all or
                                         any part of the assets, equipment or undertaking of the Purchaser;
	 	 
	ii)	if
                                         the Purchaser stops or suspends payments to its creditors generally, is unable to or
                                         admits its inability to pay its debts as they fall due, seeks to enter into any composition
                                         or other arrangement with its creditors, is declared or becomes bankrupt or insolvent
                                         or enters into liquidation;
	 	 
	iii)	a
                                         petition is presented, a proceeding is commenced, an order is made or an effective resolution
                                         is passed or any other steps are taken by any person for the liquidation, winding up,
                                         insolvency, judicial management, administration, reorganisation, reconstruction, dissolution
                                         or bankruptcy of the Purchaser, otherwise than for the purpose of a bona fide scheme
                                         of solvent amalgamation or reconstruction; or
	 	 
	iv)	if
                                         any event, process or circumstance analogous or having a substantially similar effect
                                         to any of the above, in any applicable jurisdiction, commences or exists.



 


“Intellectual
Property Rights” means any and all intellectual property rights, including but not limited to those concerning inventions,
patents, utility models, registered designs and models, engineering or production materials, drawings, trademarks, service marks,
domain names, applications for any of the foregoing (and the rights to apply for any of the foregoing), proprietary or business
sensitive information and/or technical know-how, copyright, authorship, whether registered or not, and any neighbor rights.


 


“Order”
means the Purchaser’s request to Bitmain for certain Product(s) in accordance with this Agreement.


 


“Product(s)”
means the merchandise that Bitmain will provide to the Purchaser in accordance with this Agreement.


 






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“Total
Purchase Price” means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.


 


“Warranty
Period” means the period of time that the Product(s) are covered by the warranty granted by Bitmain or its Affiliates in
accordance with Clause 6 of this Agreement.


 


“Warranty
Start Date” means the date on which the Product(s) are delivered to the carrier.


 


Interpretations:


 


	i)	Words
                                         importing the singular include the plural and vice versa where the context so requires.
	 	 
	ii)	The
                                         headings in this Agreement are for convenience only and shall not be taken into consideration
                                         in the interpretation or construction of this Agreement.
	 	 
	iii)	References
                                         to Clauses and Appendix(es) are references to Clauses and Appendix(es) of this Agreement.
	 	 
	iv)	Unless
                                         specifically stated otherwise, all references to days shall mean calendar days.
	 	 
	v)	Any
                                         reference to a code, law, statute, statutory provision, statutory instrument, order,
                                         regulation or other instrument of similar effect shall include any re-enactment or amendment
                                         thereof for the time being in force.



 


		2.	Sales
                                         of Product(s)



 


Bitmain
will provide the Product(s) set forth in Appendix A (attached hereto as part of this Agreement) to the Purchaser in accordance
with provisions of Clause 2, Clause 3, Clause 4, Clause 5 and Appendix A of this Agreement, and the Purchaser shall make payment
in accordance with the terms specified in this Agreement.


 


		2.1.	Both
                                         Parties agree that the Product(s) shall be sold in accordance with the following steps:



 


		(i)	The
                                         Purchaser shall place Order through Bitmain’s website or through other methods
                                         accepted by Bitmain, and such Order shall constitute an irrevocable offer to purchase
                                         specific Product(s) from Bitmain.



 


		(ii)	After
                                         receiving the Order, Bitmain will send an order receipt confirmation email to the Purchaser.
                                         The Purchaser’s Order will be valid for a period of twenty-four (24) hours after
                                         its placement, and upon expiration of such period, Bitmain will have the right to cancel
                                         the Order at its sole discretion if the Purchaser fails to pay the down payment in accordance
                                         with Appendix A of this Agreement.



 


		(iii)	The
                                         Purchaser shall pay the Total Purchase Price in accordance with Appendix A of this Agreement.



 


		(iv)	Upon
                                         receipt of the Total Purchase Price, Bitmain will provide a payment receipt to the Purchaser.



 


		(v)	Bitmain
                                         will send a shipping confirmation to the Purchaser after it has delivered the Product(s)
                                         to the carrier, and the Order shall be deemed accepted by Bitmain upon Bitmain’s
                                         issuance of the shipping confirmation.



 






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		2.2.	Both
                                         Parties acknowledge and agree that the order receipt confirmation and the payment receipt
                                         shall not constitute nor be construed as Bitmain’s acceptance of the Purchaser’s
                                         Order, but mere acknowledgement of the receipt of the Order and the Total Purchase Price.



 


		2.3.	Both
                                         Parties acknowledge and agree that in case of product unavailability, Bitmain shall have
                                         the right to cancel the Order after it has issued the order receipt confirmation, the
                                         payment receipt or the shipping confirmation without any penalty or liability.



 


		2.4.	The
                                         Purchaser acknowledges and confirms that the Order is irrevocable and cannot be cancelled
                                         by the Purchaser, and that the Product(s) ordered are neither returnable nor refundable.
                                         All sums paid by the Purchaser to Bitmain shall not be subject to any abatement, set-off,
                                         claim, counterclaim, adjustment, reduction, or defense for any reason. Down payment and
                                         payment of Total Purchase Price are not refundable, save as otherwise mutually agreed
                                         by the Parties.



 


		3.	Prices
                                         and Terms of Payment



 


		3.1	The
                                         Total Purchase Price (inclusive of any tax payable) shall be paid in accordance with
                                         the payment schedule set forth in Appendix B of this Agreement.



 


		3.2	In
                                         the event that the Purchaser fails to fully settle the respective percentage of the Total
                                         Purchase Price before the prescribed deadlines and fails to make a written request to
                                         Bitmain no less than 5 business days prior to the prescribed deadline and obtain Bitmain’s
                                         written consent, Bitmain shall be entitled to terminate this Agreement and the Purchase
                                         shall be liable for a reasonable liquidated damage (not a penalty) of [20]% of the purchase
                                         price of such batch of Products. If there are any remaining balance after deducting the
                                         liquidated damage, such remaining balance shall be refunded to the Purchase free of any
                                         interest. If the Purchaser fails to pay the down payment on a timely basis and Bitmain
                                         has arranged production or procurement, Bitmain shall be entitled to request the Purchaser
                                         to be responsible for the loss related to such production or procurement.



 


		3.3	The
                                         Parties understand and agree that the applicable prices of the Product(s) are inclusive
                                         of applicable bank transaction fee, but are exclusive of any and all applicable import
                                         duties, taxes and governmental charges. The Purchaser shall pay or reimburse Bitmain
                                         for all taxes levied on or assessed against the amounts payable hereunder. If any payment
                                         is subject to withholding, the Purchaser shall pay such additional amounts as necessary,
                                         to ensure that Bitmain receives the full amount it would have received had payment not
                                         been subject to such withholding.



 






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		4.	Discount



 


		4.1.	Discount
                                         amount.



 


		4.1.1.	The
                                         Products under this Agreement consists of 12 batches and the discount amount of each
                                         batch shall be calculated separately.



 


		4.1.2.	Bitmain
                                         may provide different discounts to the Purchaser based on the actual amount of the prepayment
                                         and the payment time.



 


Discount
Amount = Amount of prepayment *1%*Number of months prepaid. The amount of prepayment shall be calculated at the end of each month.
The number of months prepaid shall be calculated from the month of payment without counting the month of delivery. The prepayment
date shall be the date as evidenced in the remittance copy of such payment. Discount amount shall be calculated when the respective
amounts have been received by Bitmain in full according to the agreed payment schedule. Different clients may have different payment
schedules. No discount amount shall be calculated on the remaining amount.


 


		4.1.3.	If
                                         the Purchaser fails to make the payments on time, the discount applicable to such batch
                                         shall be cancelled.



 


		4.2.	Application
                                         of discount amount.



 


The
discount amount shall be applied in terms of the delivery of more rated hashrate, which shall be calculated with reference to
the price/T of such batch of Products.


 


		5.	Shipping
                                         of Product(s)



 


		5.1.	Bitmain
shall deliver the Products in accordance with the shipping schedule to the first carrier or the carrier designated by the Purchaser.



 


		5.2.	Subject
                                         to the limitations stated in Appendix A, the terms of delivery of the Product(s) shall
                                         be CIP (carriage and insurance paid to (named place of destination) according to Incoterms
                                         2010) to the place of delivery designated by the Purchaser. Once the Product(s) have
                                         been delivered to the carrier, Bitmain shall have fulfilled its obligation to supply
                                         the Product(s) to the Purchaser, and the title and risk of loss or damage to the Product(s)
                                         shall pass to the Purchaser. 



 


In
the event of any discrepancy between this Agreement and Bitmain’s cargo insurance policy regarding the insurance coverage,
the then effective Bitmain cargo insurance policy shall prevail, and Bitmain shall be required to provide the then effective insurance
coverage to the Purchaser.


 






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		5.3.	If
                                         Bitmain fails to deliver the Products after 30 days after the prescribed deadline, the
                                         Purchaser shall be entitled to cancel the Order of such batch of Products and request
                                         Bitmain to refund the price of such undelivered batch of Products together with an interest
                                         at 0.0333% per day for the period from the next day of the full payment of the price
                                         of such batch of Products to the date immediately prior to the request. In the event
                                         that the Purchaser does not cancel the Order of the undelivered batch of Products and
                                         requests Bitmain to perform its delivery obligation, Bitmain shall continue to perform
                                         its delivery obligation and compensate the Purchaser in accordance with Article 5.4 of
                                         this Agreement.



 


		5.4.	If
                                         Bitmain postpones the shipping schedule of the Products and the Purchaser does not cancel
                                         the Order, Bitmain shall make a compensation to the Purchaser, the amount of which shall
                                         equal to 0.0333% of the price of such undelivered batch of Products, which compensation
                                         shall be made in the form of delivery of more rated hashrate. Amount less than one unit
                                         of Product shall be credited to the balance of the Purchaser in the user system on Bitmain’s
                                         official website, which shall be viewable by the Purchaser.



 


		5.5.	There
                                         are 12 batches of Products under this Agreement and each batch shall constitute independent
                                         legal obligations of and shall be performed separately by the Parties. The delay of a
                                         particular batch shall not constitute waiver of the payment obligation of the Purchaser
                                         in respect of other batches. The Purchaser shall not be entitled to terminate this Agreement
                                         solely on the ground of delay of delivery of a single batch of Products.



 


		5.6.	Logistics
                                         costs shall be borne by the Purchaser. Bitmain may collect payments on behalf of the
                                         service providers and issue service invoices.



 


		5.7.	Bitmain
                                         shall not be responsible for any delivery delay caused by the Purchaser or any third
                                         party, including but not limited to the carrier, the customs, and the import brokers,
                                         nor shall it be liable for damages, whether direct, indirect, incidental, consequential,
                                         or otherwise, for any failure, delay or error in delivery of any Product(s) for any reason
                                         whatsoever. 



 


		5.8.	Bitmain
                                         shall not be responsible and the Purchaser shall be fully and exclusively responsible
                                         for any loss of Product(s), personal injury, property damage, other damage or liability
                                         caused by the Product(s) or the transportation of the Product(s) either to the Purchaser
                                         or any third party, or theft of the Product(s) during transportation from Bitmain to
                                         the Purchaser. 



 


		5.9.	Bitmain
                                         has the right to discontinue the sale of the Product(s) and to make changes to its Product(s)
                                         at any time, without prior approval from or notice to the Purchaser. 



 






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		5.10.	If
                                         the Product(s) is rejected and/or returned back to Bitmain because of any reason and
                                         regardless of the cause of such delivery failure, the Purchaser shall be solely and exclusively
                                         liable for and shall defend, fully indemnify and hold harmless Bitmain against any and
                                         all related expenses, fees, charges and costs incurred, arising out of or incidental
                                         to such rejection and/or return (the “Return Expense”). Furthermore, if the
                                         Purchaser would like to ask for Bitmain’s assistance in redelivering such Product(s)
                                         or assist in any other manner, and if Bitmain at its sole discretion decides to provide
                                         this assistance, then in addition to the Return Expense, the Purchaser shall also pay
                                         Bitmain an administrative fee in accordance with Bitmain’s then applicable internal
                                         policy.



 


		5.11.	If
                                         the Purchaser fails to provide Bitmain with the delivery place or the delivery place
                                         provided by the Purchaser is a false address or does not exist, any related costs occurred
                                         (including storage costs, warehousing charge and labor costs) shall be borne by the Purchaser.
                                         Bitmain may issue the Purchaser a notice of self-pick-up and ask the Purchaser to pick
                                         up the Products itself. Bitmain shall be deemed to have completed the delivery obligation
                                         under this Agreement after two (2) business days following the issue of the self-pick-up
                                         notice. After 30 days of the self-pick-up notice, the Purchaser shall be entitled to
                                         deal with the Products in any manner as it deems appropriate.



 


		6.	Customs



 


		6.1.	Bitmain
                                         shall obtain in due time and maintain throughout the term of this Agreement (if applicable),
                                         any and all approvals, permits, authorizations, licenses and clearances for the export
                                         of the Product(s) that are required to be obtained by Bitmain or the carrier under Applicable
                                         Laws. 



 


		6.2.	The
                                         Purchaser shall obtain in due time and maintain throughout the term of this Agreement
                                         (if applicable), any and all approvals, permits, authorizations, licenses and clearances
                                         required for the import of the Product(s) to the country of delivery as indicated in
                                         the Shipping Information, that are required to be obtained by the Purchaser or the carrier
                                         under Applicable Laws, and shall be responsible for any and all additional fees, expenses
                                         and charges in relation to the import of the Product(s).



 


		7.	Warranty



 


		7.1.	The
                                         Warranty Period shall start on the Warranty Start Date and end on the 365th
                                         day after the Warranty Start Date. During the Warranty Period, the Purchaser’s
                                         sole and exclusive remedy, and Bitmain’s entire liability, will be to repair or
                                         replace, at Bitmain’s option, the defective part/component of the Product(s) or
                                         the defective Product(s) at no charge to the Purchaser.



 






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		7.2.	The
                                         Parties acknowledge and agree that the warranty provided by Bitmain as stated in the
                                         preceding paragraph does not apply to the following: 



 


		(i)	normal
                                         wear and tear;



 


		(ii)	damage
                                         resulting from accident, abuse, misuse, neglect, improper handling or improper installation;



 


		(iii)	damage
                                         or loss of the Product(s) caused by undue physical or electrical stress, including but
                                         not limited to moisture, corrosive environments, high voltage surges, extreme temperatures,
                                         shipping, or abnormal working conditions;



 


		(iv)	damage
                                         or loss of the Product(s) caused by acts of nature including, but not limited to, floods,
                                         storms, fires, and earthquakes;



 


		(v)	damage
                                         caused by operator error, or non-compliance with instructions as set out in accompanying
                                         documentation;



 


		(vi)	alterations
                                         by persons other than Bitmain, associated partners or authorized service facilities;



 


		(vii)	Product(s),
                                         on which the original software has been replaced or modified by persons other than Bitmain,
                                         associated partners or authorized service facilities;



 


		(viii)	counterfeit
                                         products;



 


		(ix)	damage
                                         or loss of data due to interoperability with current and/or future versions of operating
                                         system, software and/or hardware;



 


		(x)	damage
                                         or loss of data caused by improper usage and behavior which is not recommended and/or
                                         permitted in the product documentation;



 


		(xi)	failure
                                         of the Product(s) caused by usage of products not supplied by Bitmain; and



 


		(xii)	hash
                                         boards or chips are burnt.



 


In
case the warranty is voided, Bitmain may, at its sole discretion, provide repair service to the Purchaser, and the Purchaser shall
bear all related expenses and costs.


 


		7.3.	Notwithstanding
                                         anything to the contrary herein, the Purchaser acknowledges and agrees that the Product(s)
                                         provided by Bitmain do not guarantee any cryptocurrency mining time and, Bitmain shall
                                         not be liable for any cryptocurrency mining time loss or cryptocurrency mining revenue
                                         loss that are caused by downtime of any part/component of the Product(s). Bitmain does
                                         not warrant that the Product(s) will meet the Purchaser’s requirements or the Product(s)
                                         will be uninterrupted or error free. Except as provided in Clause 7.1 of this Agreement,
                                         Bitmain makes no warranties to the Purchaser with respect to the Product(s), and no warranties
                                         of any kind, whether written, oral, express, implied or statutory, including warranties
                                         of merchantability, fitness for a particular purpose or non-infringement or arising from
                                         course of dealing or usage in trade shall apply. 



 






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		7.4.	In
                                         the event of any ambiguity or discrepancy between this Clause 6 of this Agreement and
                                         Bitmain’s After-sales Service Policy from time to time, it is intended that the
                                         After-sales Service Policy shall prevail and the Parties shall comply with and give effect
                                         to the After-sales Service Policy.



 


		8.	Representations
                                         and Warranties



 


The
Purchaser makes the following representations and warranties to Bitmain:


 


		8.1.	It
                                         has the full power and authority to own its assets and carry on its businesses.



 


		8.2.	The
                                         obligations expressed to be assumed by it under this Agreement are legal, valid, binding
                                         and enforceable obligations.



 


		8.3.	It
                                         has the power to enter into, perform and deliver, and has taken all necessary action
                                         to authorize its entry into, performance and delivery of, this Agreement and the transactions
                                         contemplated by this Agreement.



 


		8.4.	The
                                         entry into and performance by it of, and the transactions contemplated by, this Agreement
                                         do not and will not conflict with: 



 


		(i)	any
                                         Applicable Law;



 


		(ii)	its
                                         constitutional documents; or



 


		(iii)	any
                                         agreement or instrument binding upon it or any of its assets.



 


		8.5.	All
                                         authorizations required or desirable:



 


		(i)	to
                                         enable it lawfully to enter into, exercise its rights under and comply with its obligations
                                         under this Agreement;



 


		(ii)	to
                                         ensure that those obligations are legal, valid, binding and enforceable; and



 


		(iii)	to
                                         make this Agreement admissible in evidence in its jurisdiction of incorporation,



 


have
been or will have been by the time, obtained or effected and are, or will be by the appropriate time, in full force and effect.


 


		8.6.	It
                                         is not aware of any circumstances which are likely to lead to:



 


		(i)	any
                                         authorization obtained or effected not remaining in full force and effect;



 


		(ii)	any
                                         authorization not being obtained, renewed or effected when required or desirable; or



 


		(iii)	any
                                         authorization being subject to a condition or requirement which it does not reasonably
                                         expect to satisfy or the compliance with which has or could reasonably be expected to
                                         have a material adverse effect.



 






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		8.7.	(a)
                                         It is not the target of economic sanctions administered by the Office of Foreign Assets
                                         Control of the U.S. Department of the Treasury, the U.S. Department of State, the United
                                         Nations Security Council, the European Union, Her Majesty’s Treasury or Singapore
                                         (“Sanctions”), including by being listed on the Specially Designated Nationals
                                         and Blocked Persons (SDN) List maintained by OFAC or any other Sanctions list maintained
                                         by one of the foregoing governmental authorities, directly or indirectly owned or controlled
                                         by one or more SDNs or other Persons included on any other Sanctions list, or located,
                                         organized or resident in a country or territory that is the target of Sanctions, and
                                         (b) the purchase of the Product(s) will not violate any Sanctions or import and export
                                         control related laws and regulations.



 


		8.8.	All
                                         information supplied by the Purchaser is and shall be true and correct, and the information
                                         does not contain and will not contain any statement that is false or misleading.



 


		9.	Indemnification
                                         and Limitation of Liability



 


		9.1.	The
                                         Purchaser shall, during the term of this Agreement and at any time thereafter, indemnify
                                         and save Bitmain and/or its Affiliates harmless from and against any and all damages,
                                         suits, claims, judgments, liabilities, losses, fees, costs or expenses of any kind, including
                                         legal fees, whatsoever arising out of or incidental to the Products pursuant to this
                                         Agreement. 



 


		9.2.	Notwithstanding
                                         anything to the contrary herein, Bitmain and its Affiliates shall under no circumstances,
                                         be liable to the Purchaser for any consequential loss, or loss of goodwill, business,
                                         anticipated profits, revenue, contract, or business opportunity arising out of or in
                                         connection with this Agreement, and the Purchaser hereby waives any claim it may at any
                                         time have against Bitmain and its Affiliates in respect of any such damages. The foregoing
                                         limitation of liability shall apply whether in an action at law, including but not limited
                                         to contract, strict liability, negligence, willful misconduct or other tortious action,
                                         or an action in equity. 



 


		9.3.	Bitmain
                                         and its Affiliates’ cumulative aggregate liability pursuant to this Agreement,
                                         whether arising from tort, breach of contract or any other cause of action shall be limited
                                         to and not exceed the amount of one hundred percent (100%) of the down payment actually
                                         received by Bitmain from the Purchaser for the Product(s). 



 






    12 / 26


     


    

 


		9.4.	The
                                         Product(s) are not designed, manufactured or intended for use in hazardous or critical
                                         environments or in activities requiring emergency or fail-safe operation, such as the
                                         operation of nuclear facilities, aircraft navigation or communication systems or in any
                                         other applications or activities in which failure of the Product(s) may pose the risk
                                         of environmental harm or physical injury or death to humans. Bitmain specifically disclaims
                                         any express or implied warranty of fitness for any of the above described application
                                         and any such use shall be at the Purchaser’s sole risk. 



 


		9.5.	The
                                         above limitations and exclusions shall apply (1) notwithstanding failure of essential
                                         purpose of any exclusive or limited remedy; and (2) whether or not Bitmain has been advised
                                         of the possibility of such damages. This Clause allocates the risks under this Agreement
                                         and Bitmain’s pricing reflects this allocation of risk and the above limitations.
                                         



 


		10.	Distribution



 


		10.1.	This
                                         Agreement does not constitute a distributor agreement between Bitmain and the Purchaser.
                                         Therefore, the Purchaser is not an authorized distributor of Bitmain. 



 


		10.2.	The
                                         Purchaser shall in no event claim or imply to a third party that it is an authorized
                                         distributor of Bitmain or Bitmain (Antminer) or any similar terms, or perform any act
                                         that will cause it to be construed as an authorized distributor of Bitmain or Bitmain
                                         (Antminer). As between the Purchaser and Bitmain, the Purchaser shall be exclusively
                                         and fully responsible for complying with the Applicable Laws regarding repackaging the
                                         Product(s) for the Purchaser’s redistribution needs, and shall be solely liable
                                         for any and all liabilities or costs directly incurred or incidental to such redistribution.
                                         



 


		11.	Intellectual
                                         Property Rights



 


		11.1.	The
                                         Parties agree that the Intellectual Property Rights in any way contained in the Product(s),
                                         made, conceived or developed by Bitmain and/or its Affiliates for the Product(s) under
                                         this Agreement and/or, achieved, derived from, related to, connected with the provision
                                         of the Product(s) by Bitmain and/or acquired by Bitmain from any other person in performance
                                         of this Agreement shall be the exclusive property of Bitmain and/or its Affiliates.



 






    13 / 26


     


    

 


		11.2.	Notwithstanding
                                         anything to the contrary herein, all Intellectual Property Rights in the Product(s) shall
                                         remain the exclusive property of Bitmain and/or its licensors. Except for licenses explicitly
                                         identified in Bitmain’s Shipping Confirmation or in this Clause 10.2, no rights
                                         or licenses are expressly granted, or implied, whether by estoppel or otherwise, in respect
                                         of any Intellectual Property Rights of Bitmain and/or its Affiliates or any Intellectual
                                         Property residing in the Product(s) provided by Bitmain to the Purchaser, including in
                                         any documentation or any data furnished by Bitmain. Bitmain grants the Purchaser a non-exclusive,
                                         non-transferrable, royalty-free and irrevocable license of Bitmain and/or its Affiliates’
                                         Intellectual Property Rights to solely use the Product(s) delivered by Bitmain to the
                                         Purchaser for their ordinary function, and subject to the Clauses set forth herein. The
                                         Purchaser shall in no event violate the Intellectual Property Rights of Bitmain and/or
                                         its licensors.



 


		11.3.	If
                                         applicable, payment by the Purchaser of non-recurring charges to Bitmain for any special
                                         designs, or engineering or production materials required for Bitmain’s performance
                                         of Orders for customized Product(s), shall not be construed as payment for the assignment
                                         from Bitmain to the Purchaser of title to the design or special materials. Bitmain shall
                                         be the sole owner of such special designs, engineering or production materials. 



 


		12.	Confidentiality
                                         and Communications



 


		12.1.	All
                                         information concerning this Agreement and matters pertaining to or derived from the provision
                                         of Product(s) pursuant to this Agreement between the Parties, whether in oral or written
                                         form, or in the form of drawings, computer programs or other, as well as all data derived
                                         therefrom (“Confidential Information”), shall be deemed to be confidential
                                         and, as such, may not be divulged to any unauthorized person. The Purchaser undertakes
                                         and agrees to take all reasonable and practicable steps to ensure and protect the confidentiality
                                         of the Confidential Information which cannot be passed, sold, traded, published or disclosed
                                         to any unauthorized person.



 


		13.	Term
                                         of this Agreement



 


		13.1.	This
                                         Agreement will be effective upon Bitmain’s issuance of the shipping confirmation
                                         to the Purchaser, provided that if there is more than one shipping confirmation, this
                                         Agreement will be effective to the Products contained in each shipping confirmation upon
                                         Bitmain’s issuance of the respective shipping confirmation to the Purchaser.



 


		13.2.	This
                                         Agreement shall remain effective up to and until the delivery of the last batch of Products.



 


		14.	Contact
                                         Information



 


All
communications in relation to this Agreement shall be made to the following contacts:


 






    14 / 26


     


    

 


Purchaser’s
business contact: 


 


Name:
Zhuhao


 


Phone:
+8613916353292


 


Email:
zhuhao@corp.the9.com


 


Bitmain’s
business contact:


 


Name:Xuman


 


Phone:
15996282210


 


Email:
man.xu@bitmain.com


 






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		15.	Compliance
                                         with Laws and Regulations



 


		15.1.	The
                                         Purchaser undertakes that it will fully comply with all Applicable Laws in relation to
                                         export and import control and Sanctions and shall not take any action that would cause
                                         Bitmain or any of its Affiliates to be in violation of any export and import control
                                         laws or Sanctions. The Purchaser shall also be fully and exclusively liable for and shall
                                         defend, fully indemnify and hold harmless Bitmain and/or its Affiliates from and against
                                         any and all claims, demands, actions, costs or proceedings brought or instituted against
                                         Bitmain and/or its Affiliates arising out of or in connection with any breach by the
                                         Purchaser or the carrier of any Applicable Laws in relation to export and import control
                                         or Sanction. 



 


		15.2.	The
                                         Purchaser acknowledges and agrees that the Product(s) in this Agreement are subject to
                                         the export control laws and regulations of all related countries, including but not limited
                                         to the Export Administration Regulations (“EAR”) of the United States. Without
                                         limiting the foregoing, the Purchaser shall not, without receiving the proper licenses
                                         or license exceptions from all related governmental authorities, including but not limited
                                         to the U.S. Bureau of Industry and Security, distribute, re-distribute, export, re-export,
                                         or transfer any Product(s) subject to this Agreement either directly or indirectly, to
                                         any national of any country identified in Country Groups D:1 or E:1 as defined in the
                                         EARs. In addition, the Product(s) under this Agreement may not be exported, re-exported,
                                         or transferred to (a) any person or entity listed on the “Entity List”, “Denied
                                         Persons List” or the SDN List as such lists are maintained by the U.S. Government,
                                         or (b) an end-user engaged in activities related to weapons of mass destruction. Such
                                         activities include but are not necessarily limited to activities related to: (1) the
                                         design, development, production, or use of nuclear materials, nuclear facilities, or
                                         nuclear weapons; (2) the design, development, production, or use of missiles or support
                                         of missiles projects; and (3) the design, development, production, or use of chemical
                                         or biological weapons. The Purchaser further agrees that it will not do any of the foregoing
                                         in violation of any restriction, law, or regulation of the European Union or an individual
                                         EU member state that imposes on an exporter a burden equivalent to or greater than that
                                         imposed by the U.S. Bureau of Industry and Security. 



 


		15.3.	The
                                         Purchaser undertakes that it will not take any action under this Agreement or use the
                                         Product(s) in a way that will be a breach of any anti-money laundering laws, any anti-corruption
                                         laws, and/or any counter-terrorist financing laws.



 






    16 / 26


     


    

 


		15.4.	The
                                         Purchaser warrants that the Product(s) have been purchased with funds that are from legitimate
                                         sources and such funds do not constitute proceeds of criminal conduct, or realizable
                                         property, or proceeds of terrorism financing or property of terrorist, within the meaning
                                         given in the Corruption, Drug Trafficking and Other Serious Crimes (Confiscation of Benefits)
                                         Act (Chapter 65A) and the Terrorism (Suppression of Financing) Act (Chapter 325), respectively.
                                         The Purchaser understands that if any Person resident in Singapore knows or suspects
                                         or has reasonable grounds for knowing or suspecting that another Person is engaged in
                                         criminal conduct or is involved with terrorism or terrorist property and the information
                                         for that knowledge or suspicion came to their attention in the course of business in
                                         the regulated sector, or other trade, profession, business or employment, the Person
                                         will be required to report such knowledge or suspicion to the Suspicious Transaction
                                         Reporting Office, Commercial Affairs Department of the Singapore Police Force. The Purchaser
                                         acknowledges that such a report shall not be treated as breach of confidence or violation
                                         of any restriction upon the disclosure of information imposed by any Applicable Law,
                                         contractually or otherwise.



 


		16.	Force
                                         Majeure



 


		16.1.	To
                                         the extent that a Party is fully or partially delayed, prevented or hindered by an event
                                         of Force Majeure from performing any obligation under this Agreement (other than an obligation
                                         to make payment), subject to the exercise of reasonable diligence by the affected Party,
                                         the failure to perform shall be excused by the occurrence of such event of Force Majeure.
                                         A Party claiming that its performance is excused by an event of Force Majeure shall,
                                         promptly after the occurrence of such event of Force Majeure, notify the other Party
                                         of the nature, date of inception and expected duration of such event of Force Majeure
                                         and the extent to which the Party expects that the event will delay, prevent or hinder
                                         the Party from performing its obligations under this Agreement. The notifying Party shall
                                         thereafter use its best effort to eliminate such event of Force Majeure and mitigate
                                         its effects.



 


		16.2.	The
                                         affected Party shall use reasonable diligence to remove the event of Force Majeure, and
                                         shall keep the other Party informed of all significant developments.



 


		16.3.	Except
                                         in the case of an event of Force Majeure, neither party may terminate this Agreement
                                         prior to its expiry date.



 


		17.	Entire
                                         Agreement and Amendment



 


This
Agreement, constitutes the entire agreement of the Parties hereto and can only be amended with the written consent of both Parties
or otherwise as mutually agreed by both Parties.


 






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		18.	Assignment



 


		18.1.	Bitmain
                                         may freely assign or transfer any of its rights, benefits or obligations under this Agreement
                                         in whole or in part to its Affiliates or to any third party. The Purchaser may not assign
                                         or transfer any of its rights, benefits or obligations under this Agreement in whole
                                         or in part without Bitmain’s prior written consent. 



 


		18.2.	This
                                         Agreement shall be binding upon and enure to the benefit of each Party to this Agreement
                                         and its successors in title and permitted assigns.



 


		19.	Severability



 


To
the extent possible, if any provision of this Agreement is held to be illegal, invalid or unenforceable in whole or in part by
a court, the provision shall apply with whatever deletion or modification is necessary so that such provision is legal, valid
and enforceable and gives effect to the commercial intention of the Parties. The remaining provisions of this Agreement shall
not be affected and shall remain in full force and effect.


 


		20.	Personal
                                         Data



 


Depending
on the nature of the Purchaser’s interaction with Bitmain, some examples of personal data which Bitmain may collect from
the Purchaser include the Purchaser’s name and identification information, contact information such as the Purchaser’s
address, email address and telephone number, nationality, gender, date of birth, and financial information such as credit card
numbers, debit card numbers and bank account information.


 


Bitmain
generally does not collect the Purchaser’s personal data unless (a) it is provided to Bitmain voluntarily by the Purchaser
directly or via a third party who has been duly authorized by the Purchaser to disclose the Purchaser’s personal data to
Bitmain (the Purchaser’s “authorized representative”) after (i) the Purchaser (or the Purchaser’s authorized
representative) has been notified of the purposes for which the data is collected, and (ii) the Purchaser (or the Purchaser’s
authorized representative) has provided written consent to the collection and usage of the Purchaser’s personal data for
those purposes, or (b) collection and use of personal data without consent is permitted or required by related laws. Bitmain shall
seek the Purchaser’s consent before collecting any additional personal data and before using the Purchaser’s personal
data for a purpose which has not been notified to the Purchaser (except where permitted or authorized by law).


 


		21.	Conflict
                                         with the Terms and Conditions



 


In
the event of any ambiguity or discrepancy between the Clauses of this Agreement and the Terms and Conditions from time to time,
it is intended that the Clauses of this Agreement shall prevail and the Parties shall comply with and give effect to this Agreement.


 






    18 / 26


     


    

 


		22.	Governing
                                         Law and Dispute Resolution



 


		22.1.	This
                                         Agreement shall be solely governed by and construed in accordance with the laws of Hong
                                         Kong. 



 


		22.2.	Any
                                         dispute, controversy, difference or claim arising out of or relating to this Agreement,
                                         including the existence, validity, interpretation, performance, breach or termination
                                         hereof or any dispute regarding non-contractual obligations arising out of or relating
                                         to this Agreement shall be referred to and finally resolved by arbitration administered
                                         by the Hong Kong International Arbitration Center under the UNCITRAL Arbitration Rules
                                         in force when the notice of arbitration is submitted. The decision and awards of the
                                         arbitration shall be final and binding upon the parties hereto.



 


		23.	Waiver



 


Failure
by either Party to enforce at any time any provision of this Agreement, or to exercise any election of options provided herein
shall not constitute a waiver of such provision or option, nor affect the validity of this Agreement or any part hereof, or the
right of the waiving Party to thereafter enforce each and every such provision or option.


 


		24.	Counterparts
                                         and Electronic Signatures



 


This
Agreement may be executed in one or more counterparts, each of which will be deemed to be an original copy of this Agreement,
and all of which, when taken together, will be deemed to constitute one and the same agreement. The facsimile, email or other
electronically delivered signatures of the Parties shall be deemed to constitute original signatures, and facsimile or electronic
copies hereof shall be deemed to constitute duplicate originals.


 


		25.	Further
                                         Assurance



 


Each
Party undertakes to the other Party to execute or procure to be executed all such documents and to do or procure to be done all
such other acts and things as may be reasonable and necessary to give all Parties the full benefit of this Agreement.


 


		26.	Third
                                         Party Rights



 


A
person who is not a Party to this Agreement has no right under the Contracts (Rights of Third Parties) Ordinance (Chapter 623
of the Laws of Hong Kong) to enforce or to enjoy the benefit of any term of this Agreement.


 


		27.	Liquidated
                                         Damages Not Penalty



 


It
is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the
Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such
liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties
of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the
validity or enforceability of such liquidated damages.


 


(The
rest part of the page is intentionally left in blank)


 






    19 / 26


     


    

 


	Signed for and on behalf of Bitmain	 
	 	 
	 	Bitmain Technologies Limited
	 	 
	 	Signature	/s/ Authorized Signatory
	 	Title	Authorized Signatory
	 	 
	Signed for and on behalf of the Purchaser	 
	 	 
	 	The Purchaser
	 	 
	 	Signature	/s/ George Lai
	 	Title	Chief Financial Officer




 






    20 / 26


     


    

 


APPENDIX
A


 


		1.	Products:



 


		1.1.	The information
                                                                                                                                       (including but not limited to the quantity, rated hashrate, unit price (“Unit Price”), total price for one
                                                                                                                                       item (“Total Price (One Item)”), total price for all the items (“Total Purchase Price”)
                                                                                                                                       of Products to be purchased by Party B from Party A is as follows (“Products”):



 


		1.1.1	Product
                                         Type



 


	Type	Details
	Product
    Name	HASH
    Super Computing Server,S19j
	Rated
    hashrate / unit	~90TH/s
	Rated
    power / unit	~3100W
	J/T@25°C
    environment temperature	~34.5
	Description	Ø 
                                            Bitmain undertakes that the error range of “J/T@25°C environment temperature”does
                                         not exceed 10%

        Ø 
          “Rated hashrate / unit” and “rated power / unit” are for reference only and may defer from each
        batch or unit. BitMain makes no representation on “Rated hashrate / unit” and “rated power / unit .

        Ø 
           Purchaser shall not reject the Products on the grounds that the actual parameters of the delivered Products are not in
        consistence with the reference indicators.



 






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		1.1.2	Price,
                                         quantity and delivery:



 





	Batch	 	Product

 Name	 	Shipping

 Schedule	 	Reference

 Quantity	 	Total Rated

 Hashrate (T)	 	Pre-tax

 Unit

 Price

(US$/T)	 	Total 

Price

 (US$)
	1	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	2	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	3	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	4	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	5	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	6	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	7	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	8	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	9	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	10	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	11	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]
	12	 	HASH Super Computing Server	 	[REDACTED]	 	2,000	 	180,000	 	[REDACTED]	 	[REDACTED]



 






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1.1.3           
Total price of the Products listed above:


 


Total
Purchase Price (tax exclusive): US$82,800,000


 


Tax:
US$0


 


Total
contract price (tax inclusive): US$82,800,000


 


		1.2.	Both Parties confirm
                                                                                                                                       and agree that Bitmain may adjust the total quantity based on the total hashrate provided that the total hashrate of the
                                                                                                                                       Product(s) actually delivered by Bitmain to the Purchaser shall not be less than the total rated hashrate agreed in Article
                                                                                                                                       1.1 of this Appendix A. Bitmain makes no representation that the quantity of the actually delivered Products shall be the
                                                                                                                                       same as the quantity set forth in Article 1.1. of this Appendix A.



 


		1.3.	In the event that
                                                                                                                                       Bitmain publishes any new type of products with less J/T value and suspends the production of the type of the Products as
                                                                                                                                       agreed in this Agreement, Bitmain shall be entitled to release itself from any future obligation to deliver any subsequent
                                                                                                                                       Products by 10-day prior notice to the Purchaser and continue to deliver new types of Products, the total rated hashrate of
                                                                                                                                       which shall be no less than such subsequent Products cancelled under this Agreement and the price of which shall be adjusted
                                                                                                                                       in accordance with the J/T value. In the event that the Purchaser explicitly refuses to accept new types of Products, the
                                                                                                                                       Purchaser is entitled to request for a refund of the remaining balance of the purchase price already paid by the Purchaser
                                                                                                                                       together with an interest at 0.0333% per day on such balance for the period from the next day following the payment date of
                                                                                                                                       such balance to the date immediately prior to the date of request of refund. If the Purchaser accepts the new types of
                                                                                                                                       Products delivered by Bitmain, Bitmain shall be obliged to deliver such new types of Products to fulfill its obligations
                                                                                                                                       under this Agreement. The Purchaser may request to lower the actual total hashrate of the Products delivered but shall not
                                                                                                                                       request to increase the actual total hashrate to the level exceeding the total rated hashrate as set out in this Agreement.
                                                                                                                                       After Bitmain publishes new types of Products and if Bitmain has not suspended the production of the types of Products under
                                                                                                                                       this Agreement, Bitmain shall continue to delivery such agreed types of Products in accordance with this Agreement and the
                                                                                                                                       Purchaser shall not terminate this Agreement or refuse to accept the Products on the grounds that Bitmain has published new
                                                                                                                                       type(s) of Products.



 


		2.	Cargo
                                         insurance coverage limitations: 



 


The
cargo insurance coverage provided by Bitmain is subject to the following limitations and exceptions:


 






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Exclusions:


 


		-	loss
                                         damage or expense attributable to willful misconduct of the Assured
		-	ordinary
                                         leakage, ordinary loss in weight or volume, or ordinary wear and tear of the subject-matter
                                         insured
		-	loss
                                         damage or expense caused by insufficiency or unsuitability of packing or preparation
                                         of the subject-matter insured (for the purpose of this Clause, "packing" shall
                                         be deemed to include stowage in a container or liftvan but only when such stowage is
                                         carried out prior to attachment of this insurance or by the Assured or their servants)
		-	loss
                                         damage or expense caused by inherent vice or nature of the subject-matter insured
		-	loss
                                         damage or expense proximately caused by delay, even though the delay be caused by a risk
                                         insured against (except expenses payable)
		-	loss
                                         damage or expense arising from insolvency or financial default of the owners managers
                                         charterers or operators of the vessel
		-	loss,
                                         damage, or expense arising from the use of any weapon of war employing atomic or nuclear
                                         fission, and/or fusion or other like reaction or radioactive force or matter.
		-	Loss,
                                         damage or expense arising from unseaworthiness of vessel or craft, unfitness of vessel
                                         craft conveyance container or liftvan for the safe carriage of the subject-matter insured,
                                         where the Assured or their servants are privy to such unseaworthiness or unfitness, at
                                         the time the subject-matter insured is loaded therein.
		-	The
                                         Underwriters waive any breach of the implied warranties of seaworthiness of the ship
                                         and fitness of the ship to carry the subject-matter insured to destination, unless the
                                         Assured or their servants are privy to such unseaworthiness or unfitness.
		-	Loss,
                                         damage or expense caused by (1) war, civil war, revolution, rebellion, insurrection,
                                         or civil strife arising therefrom, or any hostile act by or against a belligerent power,
                                         (2) capture, seizure, arrest, restraint or detainment (piracy excepted), and the consequences
                                         thereof or any attempt threat, (3) derelict mines, torpedoes, bombs, or other derelict
                                         weapons of war.
		-	Loss,
                                         damage, or expense caused by strikers, locked-out workmen, or persons taking part in
                                         labor disturbances, riots or civil commotion, resulting from strikes, lock-outs, labor
                                         disturbances, riots or civil commotions, caused by any terrorist or any person acting
                                         from a political motive.



 


		3.	Bitmain’s
                                         BANK ACCOUNT info: 



 


Company
Name:


 


Company
address:


 


Account
No.:


 


Bank
name:


 


Bank
address:


 


Swift
Code:


ABA
CODE:


 






    24 / 26


     


    

 


		4.	The
                                         payment shall be arranged by the Purchaser as Appendix B.



 


		5.	Without
                                         prejudice to the above, the unit price and the Total Purchase Price of the Product(s)
                                         and any amount paid by the Purchaser shall be all denominated in USD. Where the Parties
                                         agree that the payments shall be made in cryptocurrencies, the exchange rate between
                                         the USD and the cryptocurrency selected shall be determined and calculated as follows:
                                         (1) in the event that the Purchaser pays for any order placed on Bitmain’s official
                                         website (the “Website”, http://www.bitmain.com) which is valid and has not
                                         been fully paid yet, the exchange rate between the USD and the cryptocurrency fixed in
                                         such placed Order shall apply, or (2) in any other case, the real time exchange rate
                                         between the USD and the cryptocurrency displayed on the Website upon payment shall apply.
                                         The exchange rate between the USD and the cryptocurrency shall be fixed according to
                                         this provision. In any circumstance, the Purchaser shall not ask for any refund due to
                                         the change of exchange rate.



 






    25 / 26


     


    

 


APPENDIX
B


 


	Payment


    Percentage 	Payment
    Date	Note
    	Example
    (Assuming this

 Agreement is signed on March 16.) 
	20%	7
    days within the signing date	20%
    of the Total Purchase Price 	20%
    of the Total Purchase Price shall be paid by [REDACTED]
	30%	6
    months prior to the shipment	30%
    per month of a single batch	30%
    of the price for [REDACTED] batch shall be paid by [REDACTED] ;

    30% of the price for [REDACTED] batch shall be paid by [REDACTED]; etc.
	Remaining
    50%	1
    months prior to the shipment	50%
    per month of a single batch	50%
    of the price for [REDACTED] batch shall be paid by [REDACTED] ; 50% of the price for [REDACTED]  batch
    shall be paid by [REDACTED]; etc.


 






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