Exhibit 10.5 

   

  

  Certain confidential information contained in this document, marked by
        [***], has been omitted because Iris Energy Limited (the “Company”) has determined that the information (i) is not material and (ii) contains personal information that the registrant treats as private or confidential.

   

  NON-FIXED PRICE

   

  SALES AND PURCHASE AGREEMENT

   

  BETWEEN

   

  Bitmain Technologies Limited

  (“Bitmain”)

   

  

  	 	
          AND

           

           IE CA Development Holdings 6 Ltd.

          (“Purchaser”)

        	

           


    

  
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  	1.	Definitions and Interpretations	3
	 	 	 
	2.	Sales of Product(s)	5
	 	 	 
	3.	Prices and Terms of Payment	6
	 	 	 
	4.	Product Discount	7
	 	 	 
	5.	Shipping of Product(s)	8
	 	 	 
	6.	Customs	10
	 	 	 
	7.	Warranty	10

        
	 	 	 
	8.	Representations and Warranties	12
	 	 	 
	9.	Indemnification and Limitation of Liability	13
	 	 	 
	10.	Distribution	14
	 	 	 
	l l.	Intellectual Property Rights	14
	 	 	 
	12.	Confidentiality and Communications	15
	 	 	 
	13.	Term of this Agreement	15
	 	 	 
	14.	Contact Information	15
	 	 	 
	15.	Compliance with Laws and Regulations	16
	 	 	 
	16.	Force Majeure	17
	 	 	 
	17.	Entire Agreement and Amendment	17
	 	 	 
	18.	Assignment	17
	 	 	 
	19.	Severability	18
	 	 	 
	20.	Personal Data	18
	 	 	 
	21.	Conflict with the Terms and Conditions	18
	 	 	 
	22.	Governing Law and Dispute Resolution	18
	 	 	 
	23.	Waiver	19
	 	 	 
	24.	Counterparts and Electronic Signatures	19
	 	 	 
	25.	Further Assurance	19
	 	 	 
	26.	Third Party Rights	19
	 	 	 
	27.	Liquidated Damages Not Penalty	19


   

  
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  This non-fixed price sales and purchase agreement (this “Agreement”)
      is made on July 5, 2021 by and between Bitmain Technologies Limited (“Bitmain”) (Company number: 2024301), with its registered office at Unit Al of Unit A, 11th Floor, Success Commercial Building, 245-25 l Hennessy Road, Hong Kong, and IE CA
      Development Holdings 6 Ltd. (the “Purchaser”) (Company number: 793440603BC1310638), with its principal place of business at ***.

   

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

   

  Whereas:

   

  		l.	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 the 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.

   

  “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.

   

  “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 7 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.


   

  
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  		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. If the Purchaser fails to pay the 10% down payment in accordance with Appendix A of this Agreement, then this
            Agreement will terminate immediately with no obligation or liability on either party.


   

  		(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.


   

  		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.	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.


   

  
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  		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 five (5) business days prior to the prescribed deadline and obtain Bitmain’s written consent, Bitmain shall be entitled to terminate this
            respective batch and the Purchaser 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 Purchaser 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 Total Purchase Price set forth in this Agreement is merely an estimate of the price and not the
            actual price. The actual price will be determined one month before the current batch is shipped and with reference to the market circumstances, provided that the actual price shall not be higher than the estimated price.


   

  		3.4	Upon receipt of notification of the actual price provided by Bitmain, the Purchaser shall be
            entitled to three options:


   

  		(i)	continue to perform the Order of the current batch of the Product(s) with the original rated
            hashrate and pay the remaining amount at the actual price; or


   

  		(ii)	request Bitmain to increase the rated hashrate in equivalent to the difference in price. Under this
            circumstance, Bitmain shall have the right to negotiate with the Purchaser for the amount of the additional rated hashrate based on its then inventory; or


   

  		(iii)	partially or wholly cancel the Order of the current batch of Product(s). Under this circumstance,
            the Purchaser shall not claim any refund from Bitmain. If the Purchaser has made payments and there is remaining balance, such remaining balance shall be credited to the balance of the Purchaser and its affiliates. The payments for the batches
            that the Purchaser has cancelled cannot be used as down payments for any batch listed in this Agreement.


   

  Furthermore, the Purchaser shall confirm in
      writing the result of its exercise of the options under this Clause within two (2) days after Bitmain provides the Purchaser with the actual price, and if it is overdue and no agreement is reached between the Parties, the Purchaser shall be deemed to
      have voluntarily and irrevocably waived its option under this Clause and the Parties shall continue to perform the Order of the current batch of Product(s) with the original rated hashrate and the Purchaser shall pay the remaining amount at the
      actual price.

   

  
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  		3.5	The Parties shall confirm the corresponding batch of the Product(s) of each payment before such
            payment is made by the Purchaser. This confirmation shall be used to determine matters where different arrangements are applicable to different batches, such as the defaults of the Purchaser and the product discount offered to the Purchaser.
          


    

  		3.6	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.


   

  		4.	Product Discount


   

  Based on the sales results and sales strategy, Bitmain is willing to
      offer the following discount as set forth in clause 4.1:

   

  		4.1.	With respect of the signing of this Agreement, Bitmain offers the following discount to the
            Purchaser:


   

  		4.1.l.	The Products under this Agreement consists of twelve (12) batches and the discount amount of each batch shall be calculated separately.


   

  		4.1.2.	Bitmain may provide difference 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 estimated delivery. If delivery is delayed, delayed months shall
      not be counted. For clarification, the payment date shall be the date as evidenced in the remittance copy of such payment, and the discount term shall be calculated when the respective amounts under this Agreement have been received by Bitmain in
      full and without further consideration of the remaining amount. Payment schedules may be further adjusted in accordance with the actual situations subject to mutual agreement between the parties.

   

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


   

  		4.2.	No discount will be offered by Bitmain to the Purchaser, except as described in clause 4.1.


   

  		4.3.	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 in accordance with this agreement.

   

  
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  		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. Bitmain will package the Products(s) properly.


   

  		5.3.	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.


   

  		5.4.	If Bitmain fails to deliver the Products after thirty (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 each
            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 Clause 5.5 of this Agreement.


   

  		5.5.	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 on daily basis, 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.


   

  		5.6.	There are twelve (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.


   

  		5.7.	The purchaser shall choose the following shipping method:


   

  		■	Shipping by Bitmain via Fedex/DHL/UPS/other logistics company; □Self-pick


   

  Note: Logistics costs shall be borne by the
      Purchaser. Bitmain may collect payments on behalf of the services providers and issue services invoices if the Purchaser requests Bitmain to send the Products.

   

  
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  		5.8.	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.


   

  		5.9.	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.


   

  		5.10.	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.


   

  		5.11.	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.


   

  		5.12.	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, or the Purchaser reject to accept the Products, 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.


   

  		5.13.	The Purchaser shall inspect the Products within 2 days (the “Acceptance Time”) after receiving the
            Products (the date of signature on the carrier’s delivery voucher shall be the date of receipt), if the Purchaser does not raise any written objection within the agreed Acceptance Time, the Products delivered by Bitmain shall be deemed to be in
            full compliance with the provisions of this Agreement.


   

  
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  		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. If the Purchaser requires Bitmain to provide any warranty services, the Purchaser shall create a maintenance
            order on Bitmain ’s website during the Warranty Period (the time of creation of the maintenance order shall be determined by the display time of such order on Bitmain’s website) and send the Product to the place designated by Bitmain within the
            time limit required by Bitmain. Otherwise, Bitmain shall be entitled to refuse to provide the warranty service.


   

  		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;


   

  
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  		(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.


   

  ln 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.


   

  		7.4.	In the event of any ambiguity or discrepancy between this Clause 7 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. Please refer to the website of Bitmain for
            detailed terms of warranty and after-sales maintenance. Bitmain has no obligation to notify the Purchaser of the update or modification of such terms.


   

  		7.5.	During the warranty period, if the hardware product needs to be repaired or replaced, the Purchaser
            shall bear the logistics costs of shipping the Product to the address designated by Bitmain, and Bitmain shall bear the logistics costs of shipping back the repaired or replaced Product to the address designated by the Purchaser. The Purchaser
            shall bear all and any additional costs incurred due to incorrect or incomplete delivery information provided by the Purchaser and all and any risks of loss or damage to the Product, or the parts or components of the Products during the
            transportation period (including the transportation period when the product is sent to  Bitmain and returned by Bitmain to the Purchaser).


   

  
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  		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.	Unless expressly specified herein, 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 Total Purchase Price actually received by Bitmain from the
            Purchaser for the Product(s).


   

  		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.


   

  
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  		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 [ntellectual 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.


   

  		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 11.2, 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.


   

  
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  		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.
            The parties agree that authorized persons shall include the Purchaser’s (and its affiliates’) employees, affiliates, officers, employees, agents, contractors, investors, financiers, potential investors, potential financiers, or professional
            advisers (legal, financial or other) (“Authorized Persons”) provided such Authorized Persons are under non-disclosure obligations with the Purchaser. The parties further agree that Purchaser may disclose this Agreement if required by law or by
            order of any court or tribunal of competent jurisdiction, or by any Government Agency, stock exchange or other regulatory body.


   

  		13.	Term of this Agreement


   

  		13.1.	This Agreement will be effective upon the Date of this Agreement.


   

  		13.2.	This Agreement shall remain effective up to and until the delivery of the last batch of Products,
            except for clause 7 which will survive until end of Warranty Period.


   

  		14.	Contact Information


   

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

   

  Purchaser’s business contact:

   

  Name: Will Roberts 

   

  Phone: [***]

   

  Email: [***]

   

  Bitmain’s business contact:

   

  Name: Xinran He

   

  Phone: [***]

   

  Email: [***]

   

  
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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: I or E: l 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 for military purposes; (b) 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 (c) an end-user engaged in activities related to weapons of
            mass destruction. Such activities include but are not necessarily limited to activities related to: (I) 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.


   

  		I 5.4.	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. If Bitmain receives, including but not limited to investigation, evidence collection, restriction and other measures, from any competent organizations or institutions, the Purchaser shall immediately
            cooperate with Bitmain and such competent organizations or institutions in the investigation process, and Bitmain may request the Purchaser to provide necessary security if so required. 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.


   

  
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  		16.	Force Majeure


   

  		16.l.	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 (which is not capable of remedy within 180 days and the Parties acting in good faith are unable to resolve), 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.

   

  		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. 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 (which must not be
            unreasonably withheld).


   

  
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  		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.

   

  		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.


   

  
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  		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 / 25

    
        


  

   

  Signed for and on behalf of Bitmain

  

  

  
    	
             

          	
            

          


  

  

  

  Signed for and on behalf of the Purchaser

   

  	 	IE CA Development Holdings 6 Ltd.
	 	 
	 	Signature: 	/s/ Chris Guzowski
	 	Title: Director
	 	 
	 	Signature: 	/s/ Will Roberts
	 	Title: Director


   

  
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  APPENDIX A

   

  		1.	Products:


   

  		1.1	The information (including but not limited to the quantity, rated hashrate, estimated unit price (“Unit Price”), estimated total price (“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,  Antminer S1 9j Pro
	Rated













            hashrate / unit	~100 TH/s
	Rated













            power/ unit	~2950W
	J/T@25°C













            environment temperature	
          ~29.5

        
	
          Description

           

        	
          I.      Bitmain undertakes that the error range of “J/T@25°C environment
              temperature” does not exceed 10%.

           

          2.     “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.

           

          3.     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. 

        


   

  		1.1.2	The estimated delivery schedule, reference quantity, total rated hashrate, unit price and total price are as
            follows:


   

  	
          Batch

        	
          Product Name

        	
          Shipping

          Schedule

        	
          Reference

          Quantity

        	
          Total Rated

          Hashrate

          (T)

        	
          Estimated Price

          (US$/T)

        	
          Estimated

          Unit Price

          (US$)

        	
          Estimated

          Total Price

          (US$)

        
	
          1

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          October 2022

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          2

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          November 2022

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          3

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          December 2022

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          4

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          January 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          5

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          February 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          6

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          March 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          7

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          April 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          8

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          May 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          9

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          June 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          10

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          July 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          11

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          August 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        
	
          12

        	
          HASH Super Computing Server, Antminer S19j Pro

        	
          September 2023

        	
          8334

        	
          833400

        	
          40

        	
          4000

        	
          33,336,000

        


   

  
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  1.1.3       Total price of the Products Iisted above:

   

  Total Purchase Price (tax exclusive): US$400,032,000.00

   

  Tax: US$0.00

   

  Total Purchase Price (tax inclusive): US$400,032,000.00

   

  		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 each batch of the Product(s)
            actually delivered by Bitmain to the Purchaser shall not be less than the total rated hashrate of each batch 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 suspended 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 suspended 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.


   

  
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  		2.	Cargo insurance coverage limitations:


   

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

   

  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.

   

  
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  		3.	Bitmain’s BANK ACCOUNT info:


   

  [***]

   

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


   

  		5.	At any time prior to the delivery, Bitmain is entitled to, by written notice, request the Purchaser
            to enter into a separate purchase agreement and Bitmain and the Purchaser, if so requested, shall cooperate with Bitmain to enter into such purchase agreement and shall pay the outstanding price for the Products in accordance with the terms and
            conditions of this Agreement, failing which Bitmain is entitled to request the Purchaser to continue to perform its obligations under this Agreement.


   

  		6.	The Purchaser shall pay 10% of the Total Purchase Price as down payment to Bitmain by August 30,
            2021 after the signing of this Agreement, with the remaining being settled in accordance with the payment schedule set forth in this Agreement.


   

  		7.	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 USO. Where the Parties agree that the payments shall be made in cryptocurrencies, the exchange rate between the USO 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 USO and the
            cryptocurrency fixed in such placed Order shall apply, or (2) in any other case, the real time exchange rate between the USO and the cryptocurrency displayed on the Website upon payment shall apply. The exchange rate between the USO and the
            cryptocurrency shall be fixed according to this provision. ln any circumstance, the Purchaser shall not ask for any refund due to the change of exchange rate.


   

  
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    APPENDIX B

    

    

    	
            Payment Percentage

          	
            Payment

            Date

          	
            Note

          	
            Example (Assuming this Agreement is signed on July 5, 2021.)

          
	
            At least 10%

          	
            by August 30, 2021

          	
            10% of the Total Purchase Price

          	
            10% of the Total Purchase Price shall be paid by August 30, 2021

          
	
            At least 15%

          	
            by February 25, 2022

          	
            15% of the Total Purchase Price

          	
            15% of the Total Purchase Price shall be paid by February 25, 2022

          
	
            At least 45%

          	
            six (6) months prior to the shipment

          	
            45% per month of a single batch

          	
            45% of the price for October batch shall be paid by April 25, 2022;

            45% of the price for November batch shall be paid by May 25, 2022; etc.

          
	
            The remaining 30%

          	
            one (l) month prior to the shipment

          	
            30% per month of a single batch

          	
            30% of the price for October batch shall be paid by August 25, 2022;

            30% of the price for November batch shall be paid by September 25, 2022; etc.

          


      

  

    

  

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