Exhibit 4.63


 


REMOTE HASH POWER COMPUTING SERVICE AGREEMENT


 


This REMOTE HASH POWER COMPUTING SERVICE AGREEMENT
(the "Agreement") is made and entered into on this 15th day of July 2019 (the "Effective Date") by and
between 1215542 BC Ltd. ("PROVIDER") and SPI Orange Co. Ltd. (Cayman) ("CLIENT") (collectively called the "Parties"
and, individually, a "Party").


 


WHEREAS PROVIDER is the
owner of 9,507 crypto-mining equipment and it has an existing hosting agreement with a data center in Sherbrooke, Quebec, Canada;


 


AND WHEREAS CLIENT wishes
to engage PROVIDER to provide remote hash power computing services to Client on the terms and conditions set forth in this Agreement.


 


NOW THEREFORE
in consideration of the mutual covenants and agreements of the Parties as set forth in this Agreement, the receipt and sufficient
of which is hereby irrevocably acknowledged, the Parties hereby agree as follows:


 


(1) PROVIDER'S RESPONSIBILITIES


 


During the
term of this Agreement, and subject to the terms and conditions set forth in this Agreement, PROVIDER agrees to provide CLIENT
with access to a web management portal, whereby CLIENT can view and access various usage statistics and perform crypto-mining operations
using the hash rate provided by the PROVIDER's crypto-miners.


 


(2) SERVICE FEE


 


Both Parties agree to use PROVIDER's crypto-miners
to provide remote hash power computing service to CLIENT. The number of crypto-mining equipment as of the Effective Date of this
Agreement is 9,507. The PROVIDER'S monthly service fee will be based on the actual number of crypto-mining equipment that is online
during the month, multiply by an agreed-upon rate of 1.5 and agreed-upon energy cost of CAD $0.073 per crypto-miner. For illustration
purposes, assuming zero downtime in a month with 31 days, the monthly service fee will be CAD $774,516 (9,507 miners online x 1.5kw
x 24 hours x 31 days x $0.073/kwh).


 


For billing purposes, an estimated
monthly service fee of CAD $800,000 will be charged to CLIENT starting with the month of July 2019. The fee will be trued up every
6 months based on actual usage.


 


(3) GENERAL PROVISIONS


 


	 	(1)	This Agreement is for a period of one-year, renewable automatically and
    may only be amended by written agreement of both Parties.




 


 


 






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REMOTE HASH POWER COMPUTING SERVICE AGREEMENT


 


	 	(2)	Each Party will be excused from delays in performing or from failing to
    perform its obligations under this Agreement due to circumstances beyond that Party's control and which could not have been
    avoided by the taking of appropriate precautions; provided that the Party that is the subject of those circumstances shall
    use reasonable efforts to " be in a position to again perform its obligations under this Agreement as quickly as
    reasonably possible under the circumstances.




 


 


IN WITNESS WHEREOF, the Parties have executed this Agreement
as of the Effective Date.


 


 


	CLIENT	PROVIDER
	SPI Orange Co. Ltd. (Cayman)	1215542 BC Ltd.
	 	 
	 	 
	/s/ Signature illegible                                    	/s/ Anthony S. Chan                                             
	Name:	Name: Anthony S. Chan
	Title:
	Title:
Director





 


 


 


 


 


 


 


 


 


 


 


 



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