# EDGAR Filing Document

**Accession Number:** 0001652958
**File Stem:** 0001683168-25-008441
**Filing Date:** 2025-11
**Character Count:** 497690
**Document Hash:** bdc745ba623133139e7b73dbebc24a80
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-25-008441.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001683168-25-008441

**CONFORMED SUBMISSION TYPE**: 10-Q

**PUBLIC DOCUMENT COUNT**: 281

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Edgemode, Inc.
- **CENTRAL INDEX KEY:** 0001652958
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-HOME HEALTH CARE SERVICES [8082]
- **ORGANIZATION NAME:** 08 Industrial Applications and Services
- **EIN:** 474046237
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-Q
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55647
- **FILM NUMBER:** 251485632

**BUSINESS ADDRESS:**
- **STREET 1:** 110 E. BROWARD BLVD. SUITE 1700
- **CITY:** FT. LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301
- **BUSINESS PHONE:** 707-687-9093

**MAIL ADDRESS:**
- **STREET 1:** 110 E. BROWARD BLVD. SUITE 1700
- **CITY:** FT. LAUDERDALE
- **STATE:** FL
- **ZIP:** 33301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FOURTH WAVE ENERGY, INC.
- **DATE OF NAME CHANGE:** 20200415

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIERRE CORP.
- **DATE OF NAME CHANGE:** 20181113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wadena Corp.
- **DATE OF NAME CHANGE:** 20150911

?xml version='1.0' encoding='ASCII'? EDGEMODE, INC. 10-Q

[**Table of Contents**](#q3_001)

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 10-Q**

&nbsp;&nbsp;&nbsp;&nbsp;☒ **QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934** 

For the quarterly period ended **September 30, 2025**

OR

☐ **TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934**

For the transition period from _______________ to _______________

Commission file number **000-55647**

**EDGEMODE, INC.**

*(Exact name of registrant as specified in its charter)*

---

| | |
|:---|:---|
| **Nevada** | **47-4046237** |
| *(State or other jurisdiction of* | *(I.R.S. Employer* |
| *incorporation or organization)* | *Identification No.)* |
| **110 E. Broward Blvd., Suite 1700, Ft. Lauderdale, FL** | **33301** |
| *(Address of principal executive offices)* | *(Zip Code)* |

---

Registrant's telephone number, including area code: **(707) 687-9093**

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒&nbsp;&nbsp;&nbsp;&nbsp; No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☐ Accelerated filer ☐ <br> Non-accelerated filer&nbsp;&nbsp;&nbsp;&nbsp; ☒ Smaller reporting company ☒ <br> Emerging growth company ☐

If an emerging growth company, indicate by checkmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐&nbsp;&nbsp;&nbsp;&nbsp;No ☒

There were 2,985,583,481 shares of the registrant's common stock outstanding as of November 12, 2025.

**<u>**TABLE OF CONTENTS**</u>**

**<u>Page</u>**

---

| | | |
|:---|:---|:---|
| [PART I – FINANCIAL INFORMATION](#q3_002) | [PART I – FINANCIAL INFORMATION](#q3_002) |  |
| Item 1. | [Financial Statements (Unaudited)](#q3_003) | 3 |
|  | [Consolidated Balance Sheets](#q3_004) | 3 |
|  | [Consolidated Statements of Operations](#q3_005) | 4 |
|  | [Consolidated Statements of Stockholders' Equity (Deficit)](#q3_006) | 5 |
|  | [Consolidated Statements of Cash Flows](#q3_007) | 6 |
|  | [Notes to the Consolidated Financial Statements](#q3_008) | 7 |
| Item 2. | [Management's Discussion and Analysis of Financial Condition and Results of Operations](#q3_009) | 22 |
| Item 3. | [Quantitative and Qualitative Disclosures about Market Risk](#q3_010) | 26 |
| Item 4. | [Controls and Procedures](#q3_011) | 26 |
| [PART II – OTHER INFORMATION](#q3_012) | [PART II – OTHER INFORMATION](#q3_012) |  |
| Item 1. | [Legal Proceedings](#q3_013) | 27 |
| Item 1A. | [Risk Factors](#q3_014) | 27 |
| Item 2. | [Unregistered Sales of Equity Securities and Use of Proceeds](#q3_015) | 27 |
| Item 3. | [Defaults Upon Senior Securities](#q3_016) | 27 |
| Item 4. | [Mine Safety Disclosures](#q3_017) | 27 |
| Item 5. | [Other Information](#q3_018) | 27 |
| Item 6. | [Exhibits](#q3_019) | 27 |
|  | [Signatures](#q3_020) | 28 |
|  | [Exhibit Index](#q3_021) | 29 |

---

Unless the context otherwise indicates, when used in this report, the terms the "Company," "Edgemode", "we," "us, "our" and similar terms refer to Edgemode, Inc. and our wholly owned subsidiaries, EdgeMode, a Wyoming corporation, Edgemode Mine Co UK Limited, a UK company, and Synthesis Analytics Production, Ltd., an England and Wales private limited company. Our corporate website is www.edgemode.io. There we make available copies of Edgemode documents, news releases and our filings with the U.S. Securities and Exchange Commission including financial statements.

Unless specifically set forth to the contrary, the information that appears on our website is not part of this report.

**PART I – FINANCIAL INFORMATION**

---

| | |
|:---|:---|
| **ITEM 1.** | **FINANCIAL STATEMENTS** |

---

**Edgemode, Inc.**

**Consolidated Balance Sheets**

**(Unaudited)**

---

| | | |
|:---|:---|:---|
|  | September 30, 2025 | December 31, 2024 |
| **ASSETS** |  |  |
| Current assets: |  |  |
| &nbsp;&nbsp;&nbsp;Cash | $300428 | $103 |
| &nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | 6274 | 1368 |
| &nbsp;&nbsp;&nbsp;Other current assets | 90026 | – |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current assets | 396728 | 1471 |
| &nbsp;&nbsp;&nbsp;Intangible assets – cryptocurrencies |  | 32 |
| &nbsp;&nbsp;&nbsp;Unsecured advances | 260000 |  |
| &nbsp;&nbsp;&nbsp;Deferred offering costs | 495000 |  |
| &nbsp;&nbsp;&nbsp;Fixed assets, net | 4051596 |  |
| &nbsp;&nbsp;&nbsp;Land | 880000 | – |
| Total assets | $6083324 | $1503 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |
| Current liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | $1104670 | $724217 |
| &nbsp;&nbsp;&nbsp;Accrued payroll | 519989 | 1616090 |
| &nbsp;&nbsp;&nbsp;Convertible notes payable | 406813 | 323732 |
| &nbsp;&nbsp;&nbsp;Notes payable | 35000 | 35000 |
| &nbsp;&nbsp;&nbsp;Notes payable – related parties | 1774445 | 32725 |
| &nbsp;&nbsp;&nbsp;Customer deposit - current | 75951 |  |
| &nbsp;&nbsp;&nbsp;Derivative liabilities | 21546468 | 1992754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total current liabilities | 25463336 | 4724518 |
| Customer deposit | 227662 |  |
| Total liabilities | 25690998 | 4724518 |
| Commitments and contingencies | **–** |  |
| Stockholders' deficit: |  |  |
| &nbsp;&nbsp;&nbsp;Preferred shares, $0.001 par value, 5,000,000 shares authorized September 30, 2025 and December 31, 2024; none issued and outstanding |  |  |
| &nbsp;&nbsp;&nbsp;Common shares, $0.001 par value, 7,000,000,000 and 950,000,000 shares authorized September 30, 2025 and December 31, 2024; 2,438,304,765 and 390,687,459 shares issued and outstanding, September 30, 2025 and December 31, 2024 | 2438304 | 390687 |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 32801079 | 35371266 |
| &nbsp;&nbsp;&nbsp;Accumulated deficit | (54847057) | (40484968) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Stockholders' deficit | (19607674) | (4723015) |
| Total liabilities and stockholders' deficit | $6083324 | $1503 |

---

 

*See accompanying notes to the unaudited consolidated financial statements.*

 

 

 

 

**Edgemode, Inc.**

**Consolidated Statements of Operations**

**(unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | For the three months ended | For the three months ended | For the nine months ended | For the nine months ended |
|  | September 30, 2025 | September 30, 2024 | September 30, 2025 | September 30, 2024 |
| Operating expenses: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;General and administrative expenses | $734255 | $380738 | $26111770 | $1098156 |
| &nbsp;&nbsp;&nbsp;Loss on cryptocurrencies | – | – | 34 | 4600 |
| &nbsp;&nbsp;&nbsp;Total operating expenses | 734255 | 380738 | 26111804 | 1102756 |
| Loss from operations | (734255) | (380738) | (26111804) | (1102756) |
| Other income (expense): |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest expense | (5869219) | (13493) | (5900783) | (56045) |
| &nbsp;&nbsp;&nbsp;Other expense |  | 50 |  | (10) |
| &nbsp;&nbsp;&nbsp;Refund of equipment deposit |  | 275000 |  | 425000 |
| &nbsp;&nbsp;&nbsp;Change in fair value of derivatives | 16940747 | (1279091) | 17798551 | (1431143) |
| &nbsp;&nbsp;&nbsp;Loss on settlement | – | – | (148053) | – |
| &nbsp;&nbsp;&nbsp;Total other income (expense), net | 11071528 | (1017534) | 11749715 | (1062198) |
| Income (loss) before provision for income taxes | 10337273 | (1398272) | (14362089) | (2164954) |
| Provision for income taxes | – | – | – | – |
| Net income (loss) | $10337273 | $(1398272) | $(14362089) | $(2164954) |
| Loss per common share – basic | $0.00 | $(0.00) | $(0.01) | $(0.01) |
| Loss per common share – diluted | $(0.00) | $(0.00) | $(0.01) | $(0.01) |
| Weighted average shares outstanding – basic | 2374178888 | 390687459 | 1635383066 | 390687459 |
| Weighted average shares outstanding – diluted | 4155663109 | 390687459 | 1635383066 | 390687459 |

---

*See accompanying notes to the unaudited consolidated financial statements.*

**Edgemode, Inc.**

**Consolidated Statements of Stockholders' Equity (Deficit)**

**For the three and nine months ended September 30, 2025 and 2024**

**(Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |<br>Common<br>Shares |<br>Common<br>Stock<br>Amount |<br>Additional<br>Paid-In<br>Capital |<br>Accumulated<br>Deficit | Total<br>Stockholders'<br>Equity<br>(Deficit) |
| Balance December 31, 2024 | 390687459 | $390687 | $35371266 | $(40484968) | $(4723015) |
| Stock-based compensation |  |  | 21679711 |  | 21679711 |
| Net loss | – | – | – | (20872081) | (20872081) |
| Balance March 31, 2025 | 390687459 | 390687 | 57050977 | (61357049) | (3915385) |
| Shares issued for cash | 38510911 | 38511 | 261489 |  | 300000 |
| Shares issued for settlement of accrued salary | 513320326 | 513320 | 1026641 |  | 1539961 |
| Shares issued for asset acquisition | 1260246354 | 1260246 | 1890370 |  | 3150616 |
| Shares issued for conversion of notes payable and settlement of derivative | 92119909 | 92120 | 548388 |  | 640508 |
| Shares issued for compensation | 7500000 | 7500 | 18750 |  | 26250 |
| Stock options issued for settlement of accrued salary |  |  | 100000 |  | 100000 |
| Stock-based compensation |  |  | 2567176 |  | 2567176 |
| Net loss | – | – | – | (3827281) | (3827281) |
| Balance June 30, 2025 | 2302384959 | 2302384 | 63463791 | (65184330) | 581845 |
| Shares issued for inducement of convertible notes | 20400000 | 20400 | 356743 |  | 377143 |
| Shares issued for conversion of notes payable and settlement of derivative | 83019806 | 83020 | 694938 |  | 777958 |
| Shares issued for deferred offering costs | 25000000 | 25000 | 470000 |  | 495000 |
| Shares issued for compensation | 7500000 | 7500 | 159000 |  | 166500 |
| Relief of warrant derivative liability upon conversion of notes payable |  |  | 52096 |  | 52096 |
| Establishment of derivative liability upon issuance of convertible notes |  |  | (32395489) |  | (32395489) |
| Net income | – | – | – | 10337273 | 10337273 |
| Balance September 30, 2025 | 2438304765 | $2438304 | $32801079 | $(54847057) | $(19607674) |
| Balance December 31, 2023 | 390687459 | $390687 | $35371266 | $(38894909) | $(3132956) |
| Net loss | – | – | – | (451204) | (451204) |
| Balance March 31, 2024 | 390687459 | 390687 | 35371266 | (39346113) | (3584160) |
| Net income | – | – | – | (315478) | (315478 |
| Balance June 30, 2024 | 390687459 | 390687 | 35371266 | (39661591) | (3899638) |
| Net income | – | – | – | (1398272) | (1398272) |
| Balance September 30, 2024 | 390687459 | $390687 | $35371266 | $(41059863) | $(5297910) |

---

 

*See accompanying notes to the unaudited consolidated financial statements.*

**Edgemode, Inc.**

**Consolidated Statements of Cash Flows**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | For the nine months ended | For the nine months ended |
|  | September 30, 2025 | September 30, 2024 |
| Operating Activities: |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(14362089) | $(2164954) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of discounts | 30933 | 11231 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation expense | 199936 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loss on settlement of notes payable | 148053 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock-based compensation | 24439637 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of cryptocurrencies | 34 | 4600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in fair value of derivative liabilities | (17798551) | 1431143 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense added to principal | 111880 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Derivative liability charged to interest at note inception | 5665276 |  |
| &nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets | (4906) | 18890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other current assets | (90026) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable and accrued expenses | 459871 | 68492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accrued payroll | 543860 | 653338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer deposit | 303613 | – |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) operating activities | (352479) | 22740 |
| Investing Activities: |  |  |
| &nbsp;&nbsp;&nbsp;Purchase of property and equipment | (47916) |  |
| &nbsp;&nbsp;&nbsp;Cash paid for asset acquisition | (183000) |  |
| &nbsp;&nbsp;&nbsp;Advance of unsecured funds in connection with proposed business acquisition | (260000) |  |
| &nbsp;&nbsp;&nbsp;Purchase of cryptocurrencies | – | (4600) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) investing activities | (490916) | (4600) |
| Financing Activities: |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from sale of common share | 300000 |  |
| &nbsp;&nbsp;&nbsp;Repayment of related party advances | (8280) |  |
| &nbsp;&nbsp;&nbsp;Proceeds from related party advances |  | 16725 |
| &nbsp;&nbsp;&nbsp;Proceeds from convertible notes | 852000 |  |
| &nbsp;&nbsp;&nbsp;Payments on convertible notes | – | (30000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by (used in) financing activities | 1143720 | (13275) |
| Net change in cash | 300325 | 4865 |
| Cash - beginning of period | 103 | 298 |
| Cash - end of period | $300428 | $5163 |
| Supplemental Disclosures: |  |  |
| &nbsp;&nbsp;&nbsp;Interest paid | $– | $– |
| &nbsp;&nbsp;&nbsp;Income taxes paid | $– | $– |
| Supplemental Disclosures of Noncash Financing Information: |  |  |
| &nbsp;&nbsp;&nbsp;Shares issued for asset acquisition | $3150616 | $– |
| &nbsp;&nbsp;&nbsp;Note Payable assumed for asset acquisition | $1750000 | $– |
| &nbsp;&nbsp;&nbsp;Shares issued for settlement of accrued salary | $1539961 | $– |
| &nbsp;&nbsp;&nbsp;Modification of stock options for settlement of accrued salary | $100000 | $– |
| &nbsp;&nbsp;&nbsp;Conversion of notes payable and derivative liabilities | $1376117 | $– |
| &nbsp;&nbsp;&nbsp;Relief of warrant derivative liability upon settlement of notes | $52096 | $– |
| &nbsp;&nbsp;&nbsp;Establishment of new derivative liability on warrants | $32395489 | $– |
| &nbsp;&nbsp;&nbsp;Shares issued for inducement into convertible notes recorded as discount on notes | $377143 | $– |
| &nbsp;&nbsp;&nbsp;Derivative liability upon note issuance recorded as discount on notes | $210857 | $– |
| &nbsp;&nbsp;&nbsp;Shares issued for deferred offering costs | $495000 | $– |

---

*See accompanying notes to the unaudited consolidated financial statements.*

 

 

 

 

**Edgemode, Inc.**

**Notes to the Consolidated Financial Statements**

**(Unaudited)**

**NOTE 1 – Basis of Presentation**

The accompanying unaudited interim financial statements of Edgemode, Inc. ("we", "our", "Edgemode" or the "Company") have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission ("SEC"), and should be read in conjunction with the audited financial statements and notes thereto contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for our interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements that would substantially duplicate the disclosure contained in the audited financial statements for fiscal 2024, as reported in the Form 10-K for the fiscal year ended December 31, 2024 of the Company, have been omitted.

**NOTE 2 – Summary of Significant Accounting Policies**

 ****

*Use of Estimates*

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make certain estimates and assumptions that affect the amounts reported in the financial statements and footnotes thereto. Actual results could materially differ from these estimates. It is reasonably possible that changes in estimates will occur in the near term.

*Principals of consolidation*

 

The accompanying consolidated financial statements include the accounts of Edgemode, Inc., the accounts of its 100% owned subsidiaries, EdgeMode, Edgemode Mine Co UK Limited, and Synthesis Analytics Production, Ltd. All intercompany transactions and balances have been eliminated in consolidation.

 

*Fair Value Measurements*

 

Generally accepted accounting principles define fair value as the price that would be received to sell an asset or be paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price) and such principles also establish a fair value hierarchy that prioritizes the inputs used to measure fair value using the following definitions (from highest to lowest priority):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

· Level 2 – Observable inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data by correlation or other means.

· Level 3 – Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable.

The following fair value hierarchy tables present information about the Company's liabilities measured at fair value on a recurring basis:

---

| | | | |
|:---|:---|:---|:---|
|  | Fair Value Measurements at September 30, 2025 | Fair Value Measurements at September 30, 2025 | Fair Value Measurements at September 30, 2025 |
|  | Level 1 | Level 2 | Level 3 |
| **Liabilities:** |  |  |  |
| Derivative liabilities | $– | $– | $21546468 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | Fair Value Measurements at December 31, 2024 | Fair Value Measurements at December 31, 2024 | Fair Value Measurements at December 31, 2024 |
|  | Level 1 | Level 2 | Level 3 |
| **Liabilities:** |  |  |  |
| Derivative liabilities | $– | $– | $1992754 |

---

The Company had no assets valued using level 1, level 2, or level 3 inputs as of September 30, 2025 or December 31, 2024.

*Derivative Financial Instruments*

 

Derivatives are measured at their fair value on the balance sheet. In determining the appropriate fair value, the Company uses a binomial calculator model. Changes in fair value are recorded in the consolidated statements of operations.

 ****

*Revenue Recognition*

 

We recognize revenue in accordance with ASC 606, Revenue from Contracts with Customers. This standard provides a single comprehensive model to be used in the accounting for revenue arising from contracts with customers and supersedes current revenue recognition guidance, including industry-specific guidance. The standard's stated core principle is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve this core principle, ASC 606 includes provisions within a five-step model that includes identifying the contract with a customer, identifying the performance obligations in the contract, determining the transaction price, allocating the transaction price to the performance obligations, and recognizing revenue when, or as, an entity satisfies a performance obligation.

Our High Performance Computing ("HPC") hosting operations will generate revenue by providing colocation, cloud, and connectivity services to customers in exchange for a fee. The HPC hosting operation provides colocation, facilities operations, security, and other services to third-party HPC customers to support workloads for machine learning and artificial intelligence.

The Company charges colocation fees for the use of its facilities, and other related fees. In addition, digital colocation customers typically pay for energy used in connection with the customer colocation services agreement on a pass-through basis, which may be on a fixed or variable basis calculated on the portion of energy used by the customer on the site. The Company satisfies the performance obligation when the customer has the ability to direct the use and obtain substantially all of the remaining benefits of the good or service. Revenue is recognized over time as customers simultaneously receive and consume the benefits because another party would not need to substantially reperform the work completed by the Company were that other party to fulfill the remaining performance obligation to the customer. Revenue is recognized upon confirmation of the Company's power usage by the electricity provider and billed at the rates outlined in each customer contract on a monthly basis.

*Stock-Based Compensation*

The Company accounts for equity instruments issued to employees in accordance with the provisions of ASC 718 Stock Compensation (ASC 718) and Equity-Based Payments to Non-employees pursuant to ASC 2018-07 (ASC 2018-07). All transactions in which the consideration provided in exchange for the purchase of goods or services consists of the issuance of equity instruments are accounted for based on the fair value of the consideration received or the fair value of the equity instrument issued, whichever is more reliably measurable. The measurement date of the fair value of the equity instrument issued is the earlier of the date on which the counterparty's performance is complete or the date at which a commitment for performance by the counterparty to earn the equity instruments is reached because of sufficiently large disincentives for nonperformance.

*Reclassifications*

Certain reclassifications have been made to our prior year's consolidated financial statements to conform to our current year presentation. These reclassifications had no effect on our previously reported results of operations or accumulated deficit.

 

*Recent Accounting Pronouncements*

In December 2023, the FASB issued ASU 2023-08, *Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60): Accounting for and Disclosure of Crypto Assets* ("ASU 2023-08"). This ASU is intended to improve the accounting for certain crypto assets by requiring an entity to measure those crypto assets at fair value each reporting period with changes in fair value recognized in net income. The amendments also improve the information provided to investors about an entity's crypto asset holdings by requiring disclosure about significant holdings, contractual sale restrictions, and changes during the reporting period. ASU 2023-08 requires a cumulative-effect adjustment to the opening balance of retained earning as of the beginning of the annual reporting period in which the entity adopts the amendment and is effective for all reporting companies for fiscal years beginning after December 15, 2024, including interim periods within those fiscal years, with early adoption permitted. The Company adopted the standard effective January 1, 2025. As a result of the de minimis balances of cryptocurrencies held as of December 31, 2024 and the current fair value as of September 30, 2025, the Company recorded all changes in fair value in the current period with no cumulative effect on the opening balance of retained earnings.

In December 2023, the FASB issued ASU 2023-09, *Income Taxes (Topic 740)*: *Improvements to Income Tax Disclosures,* which expands the disclosures required for income taxes. This ASU is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. The amendment should be applied on a prospective basis while retrospective application is permitted. The Company adopted this standard effective January 1, 2025, which did not have a material impact on the Company's condensed consolidated financial statements.

In November 2024, the FASB issued <u>ASU 2024-03</u>, *Disaggregation of Income Statement Expenses*, and in January 2025, the FASB issued <u>ASU 2025-01</u>, *Clarifying the Effective Date* ("ASU 2025-01"). The amendments are intended to enhance disclosures regarding an entity's costs and expenses by requiring additional disaggregated information disclosures about certain income statement expense line items. The amendments, as clarified by ASU 2025-01, are effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the effect of this pronouncement on its disclosures.

**NOTE 3 – Going Concern**

These financial statements have been prepared in accordance with generally accepted accounting principles applicable to a going concern, which assumes that the Company will be able to meet its obligations and continue its operations for its next fiscal year. Realization values may be substantially different from carrying values as shown and these financial statements do not give effect to adjustments that would be necessary to the carrying values and classification of assets and liabilities should the Company be unable to continue as a going concern. At September 30, 2025, the Company had not yet achieved profitable operations and expects to incur further losses as it has suspended its operations until such time, if any, that the Company receives adequate funding, all of which raise substantial doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate future profitable operations and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they come due. Management has no formal plan in place to address this concern.

**NOTE 4 – Related Party Transactions**

Pursuant to the terms of the Share Exchange (as defined below) the Edgemode board of directors increased the number of seats on the board to three members and Niclas Adler, the chief executive officer of Synthesis Analytics Production, Ltd., an England and Wales private company ("SAPL"), was appointed to fill the vacancy. The board further approved Edgemode to enter into an employment agreement with Dr. Adler and appoint Dr. Adler as Chief Technology Officer of Edgemode (the "Adler Employment Agreement"). Pursuant to the terms of the Adler Employment Agreement, Dr. Adler will be paid an annual base salary of $400,000 and has been issued a five-year non-qualified stock option to purchase up to 385,789,700 shares of Edgemode common stock at an exercise price of $0.005. Additionally, based on Dr. Adler's time devoted to Edgemode, he will be entitled to receive a quarterly bonus of $150,000. These terms are based on full-time engagement and it has been agreed that Dr. Adler will have a 50% engagement for the first three months of his employment. Mr. Adler subsequently resigned from the board.

The Adler Employment Agreement may be terminated with cause at any time and, if terminated with cause, Dr. Adler would be entitled to compensation only for the period ending with the date of such termination. The Adler Employment Agreement may also be terminated by Edgemode without cause upon providing Dr. Adler with 30 days' prior written notice. In the event of termination without cause, Edgemode would continue to pay Dr. Adler his annual base salary and any benefits for the lesser of: (i) the balance of the term of the Adler Employment Agreement or (ii) 12 months from the date of termination, together with any performance bonuses (as defined in the Adler Employment) which may have been earned as of the date of termination.

During the nine months ended September 30, 2025, in satisfaction of $769,989 of the accrued salary for each of Mr. Faulkner and Mr. Wajcenberg, the Company (1) agreed to issue to each of Charles Faulkner and Simon Wajcenberg 256,660,163 shares of restricted common stock at a conversion price of $0.003 per share and (2) amended options held by each of Mr. Faulkner and Mr. Wajcenberg to (i) purchase up to 76,619,603 shares of the Company's common stock at an exercise price of $0.10 per share, as amended on March 3, 2023, which vest upon the closing of the purchase of at least $15 million of crypto mining equipment (the "2022 Options") and (ii) purchase up to 77,000,000 shares of the Company's common stock at an exercise price of $0.04 per share, which shall vest upon the Company closing on the purchase of at least $15 million of crypto mining equipment (the "2023 Options"), to eliminate the vesting requirements of the 2022 Options and 2023 options. The 2022 Options and 2023 Options are fully vested as of February 1, 2025. As a result of the removal of the vesting conditions on the outstanding options, the Company recorded $21,679,711 in stock-based compensation during the nine months ending September 30, 2025.

In addition, in satisfaction of $50,000 of the accrued salary for each of Mr. Faulkner and Mr. Wajcenberg, the Company amended each of Mr. Faulkner and Mr. Wajcenberg options to purchase up to: (1) 31,979,352 shares of the Company's common stock dated January 31, 2022, exercisable at $0.06 per share (the "January 2022 Grants"); (2) 76,619,303 shares of the Company's common stock dated September 12, 2022, as amended, exercisable at $0.10 per share (the "September 2022 Grants") and (3) 77,000,000 shares of the Company's common stock dated March 1, 2023, exercisable at $0.04 per share (the "2023 Grants"; the January 2022 Grants, September 2022 Grants, and the March 2023 Grants; collectively the "Option Grants"), to reduce the exercise price of the Option Grants to $0.005 per share. The options were revalued on the modification date for the change in exercise price using a the Black-Scholes option pricing model and the fair value of the options under the new terms as compared to the old terms did not result in an incremental increase in fair value in excess of the salary settled.

Pursuant to the Share Exchange, Mr. Faulkner and Mr. Wajcenberg entered into amendments to their Executive Employment Agreements, to increase their base salary to $400,000 per annum and a quarterly bonus of up to $150,000 at the discretion of the Board. Additionally, the Board approved the issuance of stock option grants to purchase up to 257,193,133 shares of common stock to each Mr. Faulkner and Mr. Wajcenberg. The common stock options have an exercise price of $0.005, are exercisable immediately, and have a term of 5 years.

As of September 30, 2025 and December 31, 2024 the Company owed the executive officers of the Company $407,990 and $1,616,090 in accrued payroll for services performed.

As of September 30, 2025 and December 31, 2024, the Company owed the executive officers $24,455 and $32,725, respectively, for working capital advances. The advances are non-interest bearing and are due on demand. During the nine months ending September 30, 2025, An officer paid $1,620 on behalf of the Company and the Company repaid $9,900 of the amounts owed.

**NOTE 5 – Asset Acquisition**

Effective April 7, 2025 (the "Effective Time" or "Closing Date"), Edgemode, SAPL and Adler Capital Limited, a company registered in Hong Kong, and the sole shareholder of SAPL ("ACL"), closed on a Share Exchange Agreement dated April 7, 2025 (the "Share Exchange"). In accordance with the Share Exchange, SAPL agreed to transfer 100% of SAPL's outstanding capital stock to Edgemode in exchange for 1,260,246,354 shares of Edgemode common stock, par value $0.001 per share, which represented approximately 55% of the Company's outstanding common stock at the Effective Time with a fair value of $3,150,616 based on the closing price on the closing date. At the time of acquisition SAPL owns a piece of land, various power and connection agreements to the Marviken data center and an option to enter into a lease for a 1,100 square meter building at the Marviken location. At the time of the acquisition the option agreement had a remaining term of 9 months, which the Company will make 9 remaining monthly payments of approximately $30,000. As of September 30, 2025, the Company has three months remaining on the option term with an estimated value of $180,053 classified under other current assets on the accompanying balance sheet. As of September 30, 2025, no additional payments have been made on the option agreement and the Company owes, $270,079, which is included in accounts payable and accrued expenses on the balance sheet.

As part of the consideration for the transaction, the Company agreed to assume the $1,750,000 promissory note issued by Marviken TWO AB dated December 4, 2024. The loan will bear interest at a rate of 5% and has a maturity date of December 3, 2027.

The Company determined the acquisition should be accounted for as an asset acquisition as SAPL did not contain an integrated set of inputs and outputs under ASC 805.

The aggregate purchase price was comprised as follows:

---

| | |
|:---|:---|
| Cash | $183000 |
| Note payable | 1750000 |
| Fair value of common shares issued | 3150616 |
| Total Purchase Consideration | $5083616 |
| Land | $880000 |
| Power purchase agreement | 4203616 |
| Total Purchase Consideration | $5083616 |

---

**NOTE 6 – Unsecured Advances**

During the nine months ended September 30, 2025, the Company advanced $260,000 of cash for working capital needs to Blackberry AIF S.L. ("BAIF"). The advances are unsecured and bear no interest. The advances were made in connection with the acquisition of the outstanding shares of BAIF for the purpose of financing the buildout of properties for HPC facilities leased by BAIF. See "Note 11 – Subsequent Events."

**NOTE 7 – Equity**

 

*Preferred shares*

 

We are authorized to issue 5,000,000 shares of preferred stock. Shares of preferred stock may be issued from time to time in one or more series as may be determined by our Board. The voting powers and preferences, the relative rights of each such series and the qualifications, limitations and restrictions of each series will be established by the Board. Our directors may issue preferred stock with multiple votes per share and dividend rights which would have priority over any dividends paid with respect to the holders of our common stock. In connection with the Transaction, the only outstanding preferred stock was converted into common stock. As of the date of this report, there are no outstanding shares of preferred stock.

*Series B*

On July 19, 2022, the Company designated 1,000,000 shares of its original 5,000,000 authorized shares of Preferred Stock as Series B Preferred Stock with a $0.001 par value and a stated value of $1.00 per share. The Series B Convertible Preferred Stock ranks senior to the common stock with respect to dividends and right of liquidation and has no voting rights. The Series B Convertible Preferred Stock has an 8% cumulative annual dividend. In the event of default, the dividend rate increases to 22%. The Company may not, with consent of a majority of the holders of Series B Convertible Preferred Stock, alter or changes the rights of the Series B Convertible Preferred Stock, amend the articles of incorporation, create any other class of stock ranking senior to the Series B Convertible Preferred Stock, increase the authorized shares of Series B Convertible Preferred Stock, or liquidate or dissolve the Company. Beginning 180 days from issuance, the Series B Convertible Preferred Stock may be converted into common stock at a price based on 65% of the average of the two lowest trading prices during the 15 days prior to conversion. The Company may redeem the Series B Convertible Preferred Stock during the first 180 days from issuance, subject to early redemption penalties of up to 25%. The Series B Convertible Preferred Stock must be redeemed by the Company 12 months following issuance if not previously redeemed or converted. Based on the terms of the Series B Convertible Preferred Stock, the Company determined that the preferred stock is mandatorily redeemable and will be accounted for as a liability under ASC 480. As of September 30, 2025, there are no shares of the Series B preferred shares outstanding.

*Series C*

On March 3, 2025, the Company filed with the Nevada Secretary of State a Certificate of Designation of Series C Preferred Stock (the "Certificate of Designation"). Pursuant to the Certificate of Designation, the Company's Board of Directors designated a new series of the Company's preferred stock, the Series C Preferred Stock, par value $0.001 per share. The Certificate of Designation authorized the Company to issue one share of Series C Preferred Stock. The share was issued to the Company's Chief Executive Officer. The Series C Preferred Stock is not convertible, and does not have any redemption, preferential dividend or liquidation rights. Holders of Series C Preferred Stock shall only be entitled to vote on the approval of an amendment to the Company's Articles of Incorporation authorizing an increase in the Company's authorized capital stock (the "Charter Amendment") and shall be entitled to a voting power equal to one vote more than the total combined voting power of the Company's common stock. The Series C Preferred Stock issued and outstanding on the record date to consent to the Charter Amendment was automatically surrendered and cancelled for no consideration following the Charter Amendment.

 

 

 

 

*Common shares*

As of September 30, 2025, the Company has authorized 7,000,000,000 shares of common stock, par value of $0.001, and, as of September 30, 2025, has issued 2,438,304,765 shares of common stock. All of the common shares have the same voting rights and liquidation preferences. On February 27, 2025, the board of directors of the Company adopted a resolution to amend the Company's Articles of Incorporation to increase the number of authorized shares of common stock to 7 billion. On March 3, 2025, shareholder approval was obtained through the written consent of the holder of the Series C Preferred Stock. The Charter Amendment was effective on April 7, 2025.

As discussed in Note 5 above, the Company issued 1,260,246,354 shares of common stock for the acquisition of SAPL.

As discussed in Note 4 above, the Company issued 513,320,326 shares of common stock for the forgiveness of $1,539,961 of accrued salary. The shares issued had a fair value of $1,283,301 of the date of issuance, and as such the Company recorded the value forgiven in excess of the fair value as a contribution of capital.

As discussed in Note 7 below, the Company issued 175,139,715 shares of common stock for the conversion of notes payable.

As discussed in Note 7 below, the Company issued 20,400,000 shares of common stock in connection with the issuance of convertible notes payable.

During the nine months ended September 30, 2025, the Company received $300,000 in cash proceeds for the sale of 38,510,911 shares of common stock.

During the nine months ended September 30, 2025, the Company issued 15,000,000 shares of restricted common stock for services to an outside consultant for an aggregate value of $192,750. On the date of issuance, the shares are fully earned and non-forfeitable.

<u>Equity Line of Credit Agreement</u>

On September 4, 2025, the Company entered into a Securities Purchase Agreement (the "ELOC Agreement") with an Accredited Investor ("Investor"). Pursuant to the ELOC Agreement, the Company agreed to sell, and the Investor agreed to purchase up to $50,000,000 (the "Commitment Amount") of the Company's common stock, par value $0.001 per share (the "Purchase Shares").

The transactions contemplated by the ELOC Agreement are subject to the Company registering the Investor's resale of the Purchase Shares on a registration statement to be filed with the Securities and Exchange Commission ("SEC"). Concurrent with the execution of the ELOC Agreement, the Company entered into a registration rights agreement with the Investor (the "Registration Rights Agreement"). Pursuant to the Registration Rights Agreement, the Company agreed to file a registration statement on Form S-1 (the "ELOC Registration Statement") with the SEC covering the resale of the Purchase Shares sold under the ELOC, within 45 days of the date of execution of the ELOC Agreement and Registration Rights Agreement and to use its best efforts to have the Registration Statement and any amendment declared effective by the SEC at the earliest possible date. The registration rights granted under the Registration Rights Agreement are subject to certain conditions and limitations and are subject to customary indemnification and contribution provisions.

In connection with entering into the ELOC Agreement, the Company agreed to immediately issue to the Purchaser, 25,000,000 restricted shares of common stock as commitment shares. The commitment shares were recorded at their fair value based on the closing price on date of issuance, or $495,000 and are recorded as deferred offering cost and will reduce the net proceeds received once the ELOC shares are sold.

As of September 30, 2025, no shares have been sold under the ELOC.

*Stock Options*

 

As discussed in Note 4 above, the Company modified 307,239,206 options that were previously vesting upon certain milestones to remove the vesting conditions and become exercisable immediately. As a result, the Company recognized $21,679,711 of expense related to these options.

In addition, as discussed in Note 4 above, the Company amended 371,197,910 options to reduce the exercise price to $0.005.

During the nine months ended September 30, 2025, the Company issued stock options to purchase up to 900,175,966 shares of common stock as discussed in Note 4 above to the directors of the Company at an exercise price of $0.005, which vested immediately and have a term of 5 years.

During the nine months ended September 30, 2025, the Company issued stock options to purchase up to 128,596,567 shares of common stock to a consultant of the Company at an exercise price of $0.005, which vested immediately and have a term of 5 years.

The fair value of the common stock options was estimated using a black-sholes model with the following assumptions:

---

| | |
|:---|:---|
| Stock price | $0.0025 |
| Exercise price | $0.005 |
| Expected term | 2.5 - 5 years |
| Volatility | 311.87% - 401.47% |
| Dividend Yield | 0% |
| Risk-free rate | 3.73% - 3.82% |
| Common stock option fair value | $2567176 |

---

During the nine months ended September 30, 2025 and 2024, the Company recorded $24,246,887 and $0, respectively of stock-based compensation related to the common stock option transactions. As of September 30, 2025, the Company has $849,996 of value remaining to be expensed based upon completions of milestones.

The following table summarizes the stock option activity for the nine months ended September 30, 2025:

---

| | | |
|:---|:---|:---|
|  | **Options** | **Weighted-Average Exercise Price Per Share** |
| Outstanding, December 31, 2024 | 398284669 | $0.09 |
| Granted | 1028772533 | 0.005 |
| Exercised |  |  |
| Forfeited |  |  |
| Expired | – | – |
| Outstanding, September 30, 2025 | 1427057202 | $0.011 |

---

As of September 30, 2025, the Company had 1,426,919,729 stock options that were exercisable and 137,473 that are in dispute. The weighted average remaining life of all outstanding stock options was 3.82 years as of September 30, 2025. Aggregate intrinsic value is calculated as the difference between the exercise price of the underlying stock option and the fair value of the Company's common stock for stock options that were in-the-money at period end. As of September 30, 2025, the intrinsic value for the options vested and outstanding was $47,598,995 and $47,604,357, respectively.

*Stock Warrants*

The following table summarizes the stock warrant activity for the nine months ended September 30, 2025:

---

| | | |
|:---|:---|:---|
|  | **Warrants** | **Weighted-Average Exercise Price Per Share** |
| Outstanding, December 31, 2024 | 9530000 | $0.50 |
| Granted | 466970000 | 0.01 |
| Exercised |  |  |
| Forfeited |  |  |
| Expired | – | – |
| Outstanding, September 30, 2025 | 476500000 | $0.01 |

---

On September 15, 2025, as a result of the new issuance of convertible notes with an exercise price lower than the current exercise price listed in the notes, the outstanding warrants were repriced to the new exercise price with a reciprocal increase in the number of outstanding warrants. As a result the Company issued 466,970,000 new warrants and all warrants have an exercise price of $0.01. The Company did not record any additional expense or deemed dividend upon the reprice event under the provision of ASC 815-40. The weighted average remaining life of all outstanding stock warrants was 1.14 years as of September 30, 2025.

**NOTE 8 – Notes Payable and Convertible Notes Payable**

*Notes Payable*

The Company has outstanding notes payables in the amount of $35,000. These loans were advanced as due on demand and no communication has been received from the original lenders.

 

*Convertible notes payable*

1800 Diagonal Lending Notes

On April 11, 2023, the Company entered into a Securities Purchase Agreement effective April 20, 2023 with 1800 Diagonal Lending LLC ("1800 Diagonal"), an accredited investor, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $60,760 (the "April Promissory Note"). The Company received net proceeds of $50,000 in consideration of the issuance of the April Promissory Note after original issue discount of $6,510 and legal fees of $4,250. The aggregate debt discount of $10,760 is being amortized to interest expense over the respective term of the note. The April Promissory Note shall incur a one-time interest charge of 13%, which is added to the principal balance, has a maturity date of March 11, 2024, and requires monthly payments of $7,629 beginning on September 15, 2023. The April Promissory Note is convertible into common shares of the Company upon an event of default, at a rate of 71% of the lowest price for the preceding 20 trading days. In addition, upon default, the Company must repay an amount equal to 150% of the then outstanding amount of principal and accrued interest combined. During the nine months ended September 30, 2025 the Company issued 15,431,359 shares for the conversion of the outstanding principal and accrued interest of $31,564. As of September 30, 2025, the note has been settled in full.

In addition, on April 11, 2023, the Company entered into an additional Securities Purchase Agreement effective April 20, 2023 with 1800 Diagonal, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $56,962, which bears interest at a rate of 8%, or 22% in the event of default, and matures on April 11, 2024 (the "Convertible Note"). The Company received net proceeds of $50,000 in consideration of issuance of the Convertible Note after original issue discount of $2,712 and legal fees of $4,250. The aggregate debt discount of $6,962 is being amortized to interest expense over the respective term of the note. The Convertible Note is convertible into common shares of the Company, beginning on the sixth-month anniversary, at a rate of 65% of the average of the three of the lowest prices for the preceding 15 trading days. In addition, upon default, the Company must repay an amount equal to 150% of the then outstanding amount of principal and accrued interest combined. During the nine months ended September 30, 2025 the Company issued 51,805,600 shares for the conversion of the outstanding principal and accrued interest of $107,426. As of September 30, 2025, the note has been settled in full.

On August 4, 2023, the Company entered into a Securities Purchase Agreement with 1800 Diagonal, pursuant to which the Company sold the investor an unsecured original issuance discount promissory note in the principal amount of $71,450 (the "August Promissory Note"). The Company received net proceeds of $60,000 in consideration of issuance of the August Promissory Note after original issue discount of $7,200 and legal fees of $4,250. The aggregate debt discount of $11,450 is being amortized to interest expense over the respective term of the note. The August Promissory Note shall incur a one-time interest charge of 13%, which is added to the principal balance, has a maturity date of May 24, 2024, and requires monthly payments of $8,971 beginning on September 15, 2023. The August Promissory Note is convertible into common shares of the Company at any time following an event of default at a rate of 71% of the lowest trading price of the Company's common stock during the twenty prior trading days. In addition, upon default, the Company must repay an amount equal to 150% of the then outstanding amount of principal and accrued interest combined. During the nine months ended September 30, 2025 the Company issued 46,214,206 shares for the conversion of the outstanding principal and accrued interest of $98,436. As of September 30, 2025, the note has been settled in full.

On October 20, 2023, the Company received notice from 1800 Diagonal, the holder of the April Promissory Note, Convertible Note and August Promissory Note (collectively, the "1800 Notes") that such notes were in default. The holder has made demand for the immediate payment of the 1800 Notes of a sum representing 150% of the remaining outstanding principal balances of the 1800 Notes in the aggregate of $250,009, together with accrued interest and default interest as provided for in the 1800 Notes. As a result of the default, the 1800 Notes became convertible into common stock and an additional $88,618 of principal was added to the note balance. In addition, as a result of the default the notes became convertible at a variable rate resulting in derivative liability accounting under ASC 815. The fair value of the derivative on the date of default was charged directly to interest expense, as the notes are past due. See further discussion under "Note 8. Derivative Liabilities."

*Other Convertible Promissory Notes*

On April 25, 2023, the Company entered into a Securities Purchase Agreement with an accredited investor, pursuant to which the Company sold the investor an unsecured promissory note in the principal amount of $60,000 (the "April 25, 2023 Note"). The Company received proceeds of $60,000 in consideration of issuance of the April 25, 2023 Note. The April 25, 2023 Note shall bear interest at a rate of 10% and have a maturity date of May 26, 2023. The April 25, 2023 Note has a prepayment percentage of 130% for the period beginning on the issuance date and ending on the maturity date. During the nine months ended September 30, 2025 the Company issued 31,500,000 shares for the settlement of the outstanding principal and accrued interest of $63,000, which resulted in a loss on settlement of $75,600. As of September 30, 2025, the note has been settled in full.

In addition, on April 26, 2023, the Company entered into a Promissory Note Purchase Agreement with another investor, pursuant to which the Company sold the investor an unsecured convertible promissory note in the principal amount of $57,502 (the "April 26, 2023 Note"). The Company received gross proceeds of $57,502 in consideration of issuance of the April 26, 2023 Note. The April 26, 2023 Note shall bear interest at a rate of 10% and have a maturity date of May 26, 2023. The April 26, 2023 Note has a prepayment percentage of 130% for the period beginning on the issuance date and ending on the maturity date. During the nine months ended September 30, 2025 the Company issued 30,188,550 shares for the settlement of the outstanding principal and accrued interest of $60,377, which resulted in a loss on settlement of $72,453. As of September 30, 2025, the note has been settled in full.

On August 15, 2025, the Company entered into a securities purchase agreement with an accredited investor, pursuant to which the Company sold the accredited investor an unsecured original issue discount promissory note in the principal amount of $81,600. The Company received net proceeds of $60,000 after original issue discount of $13,600 and legal fees of $8,000. The Promissory Note shall incur a one-time interest charge of 15%, which is added to the principal balance, has a maturity date of May 16, 2026. The note is convertible into common shares of the Company upon an event of default, at a rate of 71% of the lowest price for the preceding 20 trading days. The aggregate debt discount of $21,600 is being amortized to interest expense over the respective term of the note.

On September 2, 2025, the Company entered into a securities purchase agreement with ClearThink, pursuant to which the Company sold ClearThink the "First Promissory Note" in the principal amount of $172,500 for which the Company received net proceeds of $150,000 after original issue discount of $22,500. The Promissory Note shall incur a one-time interest charge of 12%, which is added to the principal balance, has a maturity date of August 31, 2026. The note is convertible into common shares of the Company after 180 days, at a rate of $0.01, but in the event the trading price is below $0.01 for 5 consecutive trading days the conversion price resets to $0.0075; if the trading price falls below $0.0075 for 5 consecutive days, the fixed price is eliminated and re-adjusted every 21 days. The aggregate debt discount of $22,500 is being amortized to interest expense over the respective term of the note.

On September 9, 2025, the Company entered into a securities purchase agreement with an accredited investor, pursuant to which the Company sold the accredited investor an unsecured original issue discount promissory note in the principal amount of $81,600 for which The Company received net proceeds of $60,000 after original issue discount of $13,600 and legal fees of $8,000. The note is convertible into common shares of the Company upon an event of default, at a rate of 71% of the lowest price for the preceding 20 trading days. The aggregate debt discount of $21,600 is being amortized to interest expense over the respective term of the note.

On September 15, 2025, the Company entered into a securities purchase agreement with an accredited investor, pursuant to which the Company sold an accredited investor an unsecured original issue discount promissory note in the principal amount of $287,500 for which the Company received net proceeds of $244,000 after original issue discount of $37,500 and legal fees of $6,000. The Promissory Note shall incur a one-time interest charge of 10%, which is added to the principal balance, and has a maturity date of September 15, 2026. In connection with the agreement, the Company issued to the accredited investor 8,500,000 shares of common stock as inducement shares with relative fair value of $174,517 which was recorded as a discount on the note. The note is convertible into common shares of the Company, at the lower of $0.01 or 65% of the lowest price for the preceding 10 trading days. As a result of the variable conversion rate, the conversion feature must be separated from the note resulting in derivative liability accounting under ASC 815. The fair value of the derivative on the date of issuance was recorded as a debt discount up to the face value of the note with the excess being charged directly to interest expense. See further discussion under "Note 8. Derivative Liabilities." The aggregate debt discount of $287,500 is being amortized to interest expense over the respective term of the note.

On September 18, 2025, the Company entered into a securities purchase agreement with an accredited investor, pursuant to which the Company sold an unsecured original issue discount promissory note in the principal amount of $115,000 for which the Company received net proceeds of $94,000 after original issue discount of $15,000 and legal fees of $6,000. The Promissory Note shall incur a one-time interest charge of 10%, which is added to the principal balance, and has a maturity date of September 18, 2026. In connection with the agreement, the Company issued to the accredited investor 3,400,000 shares of common stock as commitment shares. The proceeds from the sale of the unsecured original issue discount promissory note shall be used for working capital. The Company paid $6,000 to the accredited investor and its counsel for legal fees. The note is convertible into common shares of the Company, at a rate of $0.01 and if after 180 days, the trading price is below $0.01 for 5 consecutive trading days the conversion price resets to $0.0075; if the trading price falls below $0.0075 for 5 consecutive days, the fixed price is eliminated and re-adjusted every 21 days. As a result of the variable conversion rate on the other outstanding notes, the conversion feature must be separated from the note resulting in derivative liability accounting under ASC 815. The fair value of the derivative on the date of issuance was recorded as a debt discount up to the face value of the note with the excess being charged directly to interest expense. See further discussion under "Note 8. Derivative Liabilities." The aggregate debt discount of $121,000 is being amortized to interest expense over the respective term of the note.

On September 23, 2025, the Company entered into a security purchase agreement with an accredited investor, pursuant to which the Company sold an unsecured original issue discount promissory note in the principal amount of $143,750 for which the Company received net proceeds of $119,000 after original issue discount of $18,750 and legal fees of $6,000. The Promissory Note shall incur a one-time interest charge of 10%, which is added to the principal balance, and has a maturity date of September 23, 2026. In connection with the agreement, the Company issued to the accredited investor 4,250,000 shares of common stock as inducement shares with a relative fair value of $71,400 which was recorded as a discount on the note The note is convertible into common shares of the Company, at the lower of $0.01 or 65% of the lowest price for the preceding 10 trading days. As a result of the variable conversion rate the conversion feature must be separated from the note resulting in derivative liability accounting under ASC 815. The fair value of the derivative on the date of issuance was recorded as a debt discount up to the face value of the note with the excess being charged directly to interest expense. See further discussion under "Note 8. Derivative Liabilities." The aggregate debt discount of $143,750 is being amortized to interest expense over the respective term of the note.

On September 23, 2025, the Company entered into a second security purchase agreement with an accredited investor, pursuant to which the Company sold an unsecured original issue discount promissory note in the principal amount of $143,750 for which the Company received net proceeds of $119,000 after original issue discount of $18,750 and legal fees of $6,000. The Promissory Note shall incur a one-time interest charge of 10%, which is added to the principal balance, and has a maturity date of September 23, 2026. In connection with the agreement, the Company issued to the accredited investor 4,250,000 shares of common stock as inducement shares with a relative fair value of $71,400 which was recorded as a discount on the note. The note is convertible into common shares of the Company, at the lower of $0.01 or 65% of the lowest price for the preceding 10 trading days. As a result of the variable conversion rate the conversion feature must be separated from the note resulting in derivative liability accounting under ASC 815. The fair value of the derivative on the date of issuance was recorded as a debt discount up to the face value of the note with the excess being charged directly to interest expense. See further discussion under "Note 8. Derivative Liabilities." The aggregate debt discount of $143,750 is being amortized to interest expense over the respective term of the note.

During the nine months ended September 30, 2025, the Company recorded debt discount amortization expense of $30,933 and expects to amortize the remaining $730,500 of discount over the remaining maturities of the outstanding notes.

**NOTE 8 – Derivative Liabilities**

The fair values of the conversion option of outstanding convertible notes payable and common stock warrants were determined to be derivative liabilities under ASC 815 due to the default on convertible notes payable disclosed above, which resulted in a variable conversion price on the outstanding convertible note payable. The fair value of the derivative liabilities was estimated using a binomial model with the following assumptions:

---

| | | |
|:---|:---|:---|
|  | **As of September 30, 2025** | **As of September 30, 2025** |
|  | **Conversion Option** | **Warrants** |
| Volatility | 772.85% | 772.85% |
| Dividend Yield | 0% | 0% |
| Risk-free rate | 3.68% | 3.68% |
| Expected term | 1 year | 1-1.40 years |
| Stock price | $0.039 | $0.039 |
| Exercise price | $0.01 | $0.01 |
| Derivative liability fair value | $2972586 | $18573882 |
| Number of shares issued upon conversion, exercise, or satisfaction of required conditions as of September 30, 2025 | 75270000 | 476500000 |

---

---

| | | |
|:---|:---|:---|
|  | **As of December 31, 2024** | **As of December 31, 2024** |
|  | **Conversion Option** | **Warrants** |
| Volatility | 406.93% | 301.31% |
| Dividend Yield | 0% | 0% |
| Risk-free rate | 4.16% | 4.27% |
| Expected term | 1 year | 1.71-2.15 years |
| Stock price | $0.003 | $0.003 |
| Exercise price | $0.0004-0.01 | $0.5 |
| Derivative liability fair value | $1973641 | $19112 |
| Number of shares issued upon conversion, exercise, or satisfaction of required conditions as of December 31, 2024 | 668516113 | 9530000 |

---

All fair value measurements related to the derivative liabilities are considered significant unobservable inputs (Level 3) under the fair value hierarchy of ASC 820.

The table below presents the change in the fair value of the derivative liability during the nine months ended September 30, 2025:

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| | |
|:---|:---|
| Fair value as of December 31, 2024 | $1992754 |
| Establishment of derivative liability upon issuance of notes | 5876133 |
| Establishment of derivative liability on tainted warrants | 32395489 |
| Extinguishment due to conversion | (919357) |
| Change in fair value of derivatives | (17798551) |
| Fair value as of September 30, 2025 | $21546468 |

---

The total impact of derivative liabilities recognized in the Company's consolidated statements of operations includes the change in fair value of derivatives, with the Company recognizing a total gain of $17,778,006 during the nine months ended September 30, 2025 and a day one loss charged to interest expense of $5,662,276. In addition, as a result of the variable conversion features, all other potentially dilutive instruments must also be recorded at fair value pursuant to ASC 815.

**NOTE 9 – Customer Deposits**

On January 21, 2025, the Company entered into a Master Services Agreement with Cudo Ventures Ltd ("Cudo), a cloud computing company. Under this agreement, the Company will provide Tier 3 data center hosting infrastructure and colocation services to Cudo. The Master Services Agreement supports a 1 MW capacity during a five year term at our Marviken data center and is accompanied by a strict service level agreement to ensure 99% up time which can be terminated early by either party if certain conditions are met. The colocation space is designated for SingularityNet's 1st modular datacenter container from Ecoblox. The Company will also provide optional smart hands engineering support at an hourly rate of $130 per hour, with a 50% premium for evening and weekend services. In consideration of the services, the Company shall receive electricity fees passed through at a variable base cost multiplied be estimated usage plus an admin charge capped at 5%. The minimum fee increase of 3% is waived for the first 3 years and annual CPI increase is capped at 2% for the first three years and 5% for the final two years. The monthly rental payable is $75,887. On February 18, 2025, an initial payment of $303,549 was made to the Company consisting of a $227,662 deposit, which is refundable at the end of the term of the Master Services Agreement, and the first month's rental payment of $75,887. As of September 30, 2025, the Company has not yet provided any of the service obligations under the agreement.

**NOTE 10 – Commitments and Contingencies**

<u>Legal Contingencies</u>

On February 8, 2022, the Company was notified of a potential lawsuit related to the termination of our Advisory Panel Membership agreement with Taylor Black Wealth, Ltd. ("Taylor"). The Company engaged Taylor for assistance with capital raises and was to be partially compensated with stock options, subject to vesting. Taylor claims that the Company terminated the agreement unlawfully and therefore are still entitled to the remaining unvested options which the Company believes to be cancelled. The total number of stock options being contested is 137,473. No additional communication has been received related to the claims from Taylor.

**NOTE 11 – Subsequent Events**

Effective October 3, 2025, the Company entered into a securities purchase agreement dated September 30, 2025 with an accredited investor, pursuant to which the Company sold an unsecured original issue discount promissory note in the principal amount of $287,500. The Company received net proceeds of $250,000 in consideration of issuance of the unsecured original discount promissory note and the proceeds from the sale shall be used for working capital. Pursuant to the securities purchase agreement, as consideration for the purchase of the unsecured original issue discount promissory note, the Company issued 17,000,000 shares of the Company's common stock to the accredited investor. The note is convertible into common shares of the Company after 180 days, at a rate of $0.01, but in the event the trading price is below $0.01 for 5 consecutive trading days the conversion price resets to $0.0075; if the trading price falls below $0.0075 for 5 consecutive days, the fixed price is eliminated and re-adjusted every 21 days.

On October 9, 2025, the Company issued 6,666,667 shares of restricted common stock to an accredited investor in consideration of gross proceeds of $200,000.

Subsequent to September 30, 2025, the Company has issued 6,833,333 shares of restricted common stock for services to outside consultants. On the date of issuance, the shares are fully earned and non-forfeitable.

Subsequent to September 30, 2025 and through November 12, 2025, the Company has issued an aggregate of 112,773,601 shares of restricted common stock for the cashless exercise of an aggregate of 146,000,000 common stock warrants held by 16 warrant holders.

Subsequent to September 30, 2025, the Company has issued 404,005,115 shares of restricted common stock for the cashless exercise of 442,792,088 common stock options by the Company's chief financial officer.

The Company and BAIF entered into a memorandum of understanding dated October 15, 2025 (the "MOU") for the purposes of organizing DC Estate Solutions Cayman Limited, a Cayman Island entity (the "SPV") which was organized by the Company on October 23, 2025. On November 6, 2025 the SPV and BAIF entered into a share purchase agreement (the "SPV SPA"). The SPV is owned and controlled 75% by the Company and 25% by BAIF. The principal of BAIF is Jose Mora. The SPV has acquired five property leases, which were previously assigned to and held by BAIF, consisting of 100 hectares of land each located in the Spain cities of Malpica, Caceres, Vianos, Cordoba and Torrecampo (the "Spain Leases"). The Spain Leases are held by wholly owned subsidiaries of the SPV. The Spain Leases are for an average term of 35 years at an initial total average cost of $96,000 per month for all sites. As a condition of each lease, the payments are subject to meeting certain milestones, such as obtaining a favorable urban compatibility reports and connection points. Under the terms of the Spain Leases, the Company will pay approximately $15,000 to the owners of the Cordoba site in 2026. No further payments are expected in 2026.

The Company and BAIF intend to use the Spain Leases to develop and operate high-performance computing (HPC) datacenter sites. Upon execution of the MOU the Company paid BAIF $250,000 and the Company paid BAIF an additional $250,000 on the closing of the SPV SPA. The Company intends to issue Mr. Mora options to purchase 250,000,000 shares of the Company's common stock at an exercise price to be determined prior to issuance. In addition, the SPV will enter into an employment agreement with Mr. Mora with an annual base salary of $400,000 and additional equity and cash incentives. The Company intends to develop the sites as gas powered fully autonomous energy islands for Tier 3 level uptime AI data centers. The total capacity to be developed across the 5 sites is anticipated to be up to 1.8 Gigawatts. We believe that since the sites will be autonomous energy islands no grid connection is required and there will be no material reliance on grid infrastructure. Thereby, subject to financing, reducing time to power for our data center clients to 18 months. The total capacity of the sites is planned to be 360 MW per site. An application to connect to the local gas pipeline for gas supply has already been made and approval is expected to be received within 30 days. The Company is negotiating a power purchase agreement with an energy company to develop a 360MW gas turbine facility to convert gas fuel into electricity. In addition, the Company is in negotiation for a 90 MW gas Fuel cell power facility to be supplied under a power purchase agreement for each site. The Company will need to secure fibre connections, environmental permits and all necessary contractor permits. The sites will then be classed at Ready to Build (RTB) as the Company intends to sell the sites on a RTB basis. We estimate the Company will require $5 million of working capital to achieve full RTB status on all 5 sites. Additional capital is required to develop the sites and the further development of the datacenters to RTB will require substantial capital. There are no assurances that the Company will receive sufficient capital or will receive capital on reasonable terms. In addition, there are no assurances the application and permits will be received or that agreements will be completed or the datacenters ultimately developed and sold or become operational.

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| | |
|:---|:---|
| **ITEM 2.** | **MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS** |

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The following discussion and analysis should be read in conjunction with our unaudited consolidated financial statements, and the notes thereto, and other financial information appearing elsewhere in this Quarterly Report on Form 10-Q and the audited consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The following discussion and analysis compares our consolidated results of operations for the three months ended September 30, 2025 (the "2025 Quarter") with those for the three months ended September 30, 2024 (the "2024 Quarter") and our consolidated results of operations for the nine months ended September 30, 2025 (the "2025 Period") with those for the nine months ended September 30, 2024 (the "2024 Period").

**Cautionary Note Regarding Forward-Looking Statements**

This report contains "forward-looking statements". These statements include, among other things, statements regarding expanding our business and our liquidity as well as other statements regarding our future operations, financial condition and prospects, and business strategies. Forward-looking statements generally can be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "will be," "will continue," "will likely result," and similar expressions. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our actual results to differ materially and adversely from those reflected in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, our ability to raise capital to buy crypto mining machines we have commitments to purchase, regulatory issues which affect our business model, and those discussed under the caption "Risk Factors" in our Form 10-K for the year ended December 31, 2024 and those discussed in other documents we file with the SEC. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements.

**Business Overview**

Edgemode was incorporated under the laws of the State of Nevada in 2011. Our subsidiary, Edgemode Wyoming, was incorporated in the State of Wyoming in March 2020. Between 2021 and 2023, we attempted to become a key figure in Bitcoin mining but lacked the necessary funding to finance the purchase of Bitcoin mining hardware and hosting contracts. As a result, since late 2023 and throughout 2024, our business activities primarily consisted of identifying and evaluating suitable acquisition transaction candidates, which led to transition from cryptocurrency mining to digital infrastructure colocation services and HPC hosting.

Effective April 7, 2025, Edgemode, SAPL, and ACL closed on the Share Exchange dated April 7, 2025. In accordance with the Share Exchange, SAPL agreed to transfer 100% of SAPL's outstanding capital stock to Edgemode in exchange for 1,260,246,354 shares of Edgemode common stock, par value $0.001 per share, which represented approximately 55% of the Company's outstanding common stock at the Effective Time. The Company accounted for the acquisition as an asset acquisition under ASC 805 as SAPL did not meet the definition of a business as it did not contain a full set of integrated inputs and outputs at the time of closing.

Following the closing of the Share Exchange, Edgemode, through SAPL, its wholly owned subsidiary, is now designing, building, and operating digital infrastructure for HPC with the goal of becoming a leading provider of digital colocation services. SAPL is an entity organized in 2022 under the laws of England and Wales. SAPL will change its name to EdgeMode Europe Limited.

The acquisition of SAPL has positioned us to enter the rapidly evolving HPC hosting market in an efficient and effective manner. The acquisition has enabled us to plan to leverage SAPL's existing infrastructure and expertise to meet the growing demand for data center facilities for third-party customers focused on cloud computing as well as machine learning and artificial intelligence.

The acquisition of SAPL will enable us to become a premier provider and operator of dedicated, purpose-built data center facilities for our third-party customers. We believe that opportunities for growth exist in various applications of our data centers, which is another factor as to why we decided to begin offering digital infrastructure colocation services to third parties engaged in HPC.

Our goal is to utilize the assets we have acquired via the purchase of SAPL for HPC hosting operations, which will provide consistent dollar-based revenue and which represent substantially less risk than our historical digital asset self-mining operations. Our intent is to focus our business on development and marketing efforts to build data centers and expand our foundational HPC hosting customer base.

**Business Strategy**

Our business strategy is to generate revenue and achieve profitability by building large-scale data center infrastructure configured for specialized computers performing specific, high-value applications such as cloud computing, machine learning, and artificial intelligence and maximizing the use of assets acquired in the SAPL acquisition. We intend to strategically develop and to work to make operational the infrastructure necessary to support our contractual commitments to our HPC customers and to support expected customer growth and additional demand by leveraging our data center expertise and capabilities. We intend to seek additional opportunities and to engage additional customers in the HPC hosting market to expand our business using our knowledge, expertise, and existing and future infrastructure where favorable market opportunities exist.

Our strategy is focused on hyperscale cloud-based providers and enterprises, including potential customers that we believe have significant data center infrastructure needs that have not yet been outsourced or will require additional data center space and power to support their growth and their increasing reliance on technology infrastructure in their operations. We believe our capabilities for serving the needs of large hyperscale providers and enterprises will continue to enable us to capitalize on the growing demand for outsourced data center facilities in our markets and in new markets where our customers are located or plan to be located in the future. Our business strategy requires immediate funding of approximately $5,000,000 to enable us to commence our new operations and repay debt, as well as additional significant financing to develop and expand our new operations. There are no assurances that we will raise sufficient capital to execute our business plan or satisfy our liabilities. See the "Risk Factors" in our Form 10-K for the fiscal year ended December 31, 2024 and Form 8-K Current Report dated April 8, 2025.

**Products and Services**

*High-Performance Computing Hosting*

HPC is a technology that uses clusters of powerful processors that work in parallel to process massive data sets and solve complex problems at extremely high speeds. The proliferation of data, as well as data-intensive and AI enabled applications and use cases, is driving demand for the computing power of HPC. Traditionally, HPC has involved an on-premises infrastructure, investing in supercomputers or computer clusters.

Our HPC hosting revenue will be generated by licensing colocation data center space and related services to a licensee at our Marviken data center. These licensing agreements and orders include lease components, non-lease components (such as power delivery, physical security, maintenance and other billable expenses), as well as non-component elements such as taxes. Under these contracts, customers pay fixed payments (based on electric capacity) and variable payments on a recurring basis. HPC colocation leases may include all or portions of a data center, where customers may also lease office space to support their colocation operations where revenue is primarily based on power usage as well as square footage.

Gas Powered Tier 3 AI Data center development

See "Note 11 Subsequent Events" to the financial statements included in this report for a description of memorandum of understanding dated October 15, 2025 between the Company and BAIF for the purposes of organizing the SPV and the SPV SPA and for a discussion of the Company's plan of operations for the SPA and the Spain Leases. There are no assurances the Company will receive sufficient capital or will receive capital on reasonable terms. In addition, there are no assurances the application and permits will be received or that agreements will be completed or the datacenters ultimately developed and sold or become operational.

**Critical Accounting Policies and Estimates**

We discuss the material accounting policies that are critical in making the estimates and judgments in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024, under the caption "Management's Discussion and Analysis—Critical Accounting Policies and Estimates". There has been no material change in critical accounting policies or estimates during the period covered by this report.

**Recent Accounting Pronouncements**

For information on recent accounting pronouncements and impacts, see Note 1 to the unaudited consolidated financial statements.

**Three Months Ended September 30, 2025 Compared to the Three Months Ended September 30, 2024**

**Results of operations**

Our operating expenses for the 2025 Quarter was $734,255 compared to $380,738, for the 2024 Quarter, an increase of 93%. In the 2025 Quarter, the Company incurred stock-based compensation expense of $166,500 compared to $0 for the 2024 Quarter. The stock-based compensation for the 2025 Quarter was related to shares issued to a consultant for services performed.

Our other income for the 2025 Quarter was $11,071,528 compared to other expense of $1,017,534 for the 2024 Quarter. Other expense in the 2025 quarter was comprised of $5,869,219 in interest expense, comprised of $5,665,276 of day one charges related to the derivative liabilities offset by the $16,940,747 for the gain on the change in fair value of derivative liabilities. Other expense in the 2024 quarter was comprised of $13,493 in interest expense and $1,279,091 for the loss on the change in fair value of derivative liabilities offset by income of $275,000 on the refund of an equipment deposit.

**Nine Months Ended September 30, 2025 Compared to the Nine Months Ended September 30, 2024**

**Results of operations**

Our operating expenses for the 2025 Period was $26,111,804 compared to $1,102,756, for the 2024 Period, an increase of 2,278%. In the 2025 Period, the Company incurred stock-based compensation expense of $24,439,637 compared to $0 for the 2024 Period. The stock-based compensation for the 2025 Quarter was related to the amendment of options to the officers of the Company and issuance of shares to an outside consultant.

Our other income for the 2025 Period was $11,749,715 compared to other expense of $1,062,198 for the 2024 Period. Other income in the 2025 Period was comprised of $5,900,783 in interest expense comprised of $5,665,276 of day one charges related to the derivative liabilities, $17,798,551 for the gain on the change in fair value of derivative liabilities and $148,053 on the loss on settlement of debt. Other expense in the 2024 period was comprised of $56,045 in interest expense and $1,431,143 for the loss on the change in fair value of derivative liabilities offset by income of $425,000 on the refund of an equipment deposit.

**Liquidity and Capital Resources**

As of November 14, 2025, the Company had approximately $650,000 of cash on hand. Historically, our liquidity was primarily derived from debt and equity investments from accredited investors. During the nine months ended September 30, 2025, we received an initial payment of approximately $303,000 for colocation services to be provided by the Company. In addition, through the date of this filing in 2025 we have sold 45,177,578 shares of restricted common stock to accredited investors in consideration of $500,000. On April 7, 2025, we executed the Share Exchange with SAPL. On 15<sup>th</sup> October 2025 we entered into a binding MOU with BAIF to acquire 5 properties in Spain and, now, we are seeking to raise at least $5,000,000 to commence our HPC hosting operations and develop our gas powered AI data centers and generate revenue. We require significant funding to develop our HPC operations. We have received cash proceeds $1,096,000 from the issuance of convertible notes payable during 2025. Subject to receiving funding, we expect that our operating expenses will increase as we attempt to develop our new HPC operations and we will devote additional resources toward new business opportunities. However, as set forth elsewhere in this report, our ability to develop our business and achieve our operational goals is dependent upon our ability to raise significant additional working capital. As the availability of this capital is unlikely, at this time, we are unable to quantify the expected increases in operating expenses in future periods.

**Summary of cash flows**

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| | | |
|:---|:---|:---|
|  | September 30, 2025 | September 30, 2024 |
| Net cash provided by (used in) operating activities | $(352479) | $22740 |
| Net cash provided by (used in) investing activities | $(490916) | $(4600) |
| Net cash provided by (used in) financing activities | $1143720 | $(13275) |

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During the 2025 Quarter and the 2024 Quarter, our sources and uses of cash were as follows:

*Operating Activities*

 

During the 2025 period, cash used in operating activities of $352,479 primarily resulted from the Prepaid AI hosting services (customer deposits), offset by the net loss of $14,362,089 and stock-based compensation of $24,439,637, and change in the fair value of derivative liabilities of $17,798,551 and day one interest charge of $5,665,276.

During the 2024 Period, cash provided by operating activities of $22,740 primarily resulted from the refund of prepaid hosting services, offset by the net loss of $2,164,954, change in fair value of derivative liabilities of $1,431,143, increases in accounts payable and accrued expenses of $68,492 and increases in accrued payroll of $653,338.

*Investing Activities*

During the 2025 Period, the Company paid $47,916 of cash for assets in the construction of the HPC facility, $183,000 in connection with the acquisition of SAPL, and advanced $260,000 of cash for working capital needs in connection with the business acquisition of BAIF for purposes of financing the construction of the HPC facility.

Cash used in investing activities in the 2024 Period of $4,600 resulted from the purchase of cryptocurrency assets.

*Financing Activities*

 

During the 2025 Period, the Company received $300,000 in cash proceeds in connection with the sale of shares of common stock of the Company and $852,000 in cash proceeds from convertible notes payable offset by net repayments of related party advances of $8,280.

In the 2024 Period, cash used in financing activities of $13,275 consisted of $30,000 for the repayment of convertible notes payable, offset by proceeds from related party advances of $16,725.

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|:---|:---|
| **ITEM 3.** | **QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK** |

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Not applicable.

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|:---|:---|
| **ITEM 4.** | **CONTROLS AND PROCEDURES** |

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*Evaluation of Disclosure Controls and Procedures*. We are required to maintain "disclosure controls and procedures" as such term is defined in Rule 13a-15(e) under the Securities Exchange Act of 1934 (the "Exchange Act"). Based on their evaluation as of the end of the period covered by this report, our Chief Executive Officer and our Chief Financial Officer have concluded that our disclosure controls and procedures were not effective to ensure that the information relating to our company, required to be disclosed in our Securities and Exchange Commission ("SEC") reports (i) is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms, and (ii) is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure as a result of material weaknesses in our internal control over financial reporting result from limited segregation of duties and limited multiple levels of review in the financial close process, along with a lack of well-established policies and procedures to identify, approve, and report related party transactions.

We will continue to monitor our internal control over financial reporting on an ongoing basis and are committed to taking further action and implementing additional enhancements or improvements, as necessary and as funds allow. We do not, however, expect that the material weaknesses in our disclosure controls will be remediated until such time as we have added additional personnel, including additional accounting and administrative staff, allowing improved internal control over financial reporting.

*Changes in Internal Control Over Financial Reporting*. There were no changes in our internal control over financial reporting as defined in Rule 13a-15(f) and Rule 15d-15(f) under the Exchange Act that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

**PART II – OTHER INFORMATION**

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|:---|:---|
| **ITEM 1.** | **LEGAL PROCEEDINGS** |

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From time to time, the Company may become a party to legal actions or proceedings in the ordinary course of its business. At September 30, 2025, there were no such actions or proceedings, either individually or in the aggregate, that, if decided adversely to the Company's interests, the Company believes would be material to its operation or cash flow.

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|:---|:---|
| **ITEM 1A.** | **RISK FACTORS** |

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While we attempt to identify, manage, and mitigate risks and uncertainties associated with our business to the extent practical under the circumstances, some level of risk and uncertainty will always be present. Our "Risk Factors" in the Form 10-K for the fiscal year ended December 31, 2024 and Form 8-K Current Report dated April 8, 2025 describe some of the risks and uncertainties associated with our business, which we strongly encourage you to review. These risks and uncertainties have the potential to materially affect our business, financial condition, results of operations, cash flows, projected results, and future prospects

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|:---|:---|
| **ITEM 2.** | **UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS** |

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Except as otherwise previously disclosed during the period covered by this report there were no additional unregistered sales of the Company's equity securities during the three months ended September 30, 2025.

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|:---|:---|
| **ITEM 3.** | **DEFAULTS UPON SENIOR SECURITIES** |

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None.

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|:---|:---|
| **ITEM 4.** | **MINE SAFETY DISCLOSURES** |

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Not Applicable.

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|:---|:---|
| **ITEM 5.** | **OTHER INFORMATION** |

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During the quarter ended September 30, 2025, no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.

See "Note 11 Subsequent Events" to the financial statements included in this report for a description of memorandum of understanding dated October 15, 2025 between the Company and BAIF for the purposes of organizing the SPV and the SPV SPA and for a discussion of the Company's plan of operations for the SPA and the Spain Leases. There are no assurances the Company will receive sufficient capital or will receive capital on reasonable terms. In addition, there are no assurances the application and permits will be received or that agreements will be completed or the datacenters ultimately developed and sold or become operational. The MOU, the SPV SPA, the Articles of Association of DC Estate Solutions Cayman Limited (the "Articles of Association") and each of the five Spain Leases are filed as Exhibits 2.3, 2.4, 3.4, 10.28, 10.29, 10.30, 10.31 and 10.32 hereto, respectively, and are incorporated by reference into this Quarterly Report on Form 10-Q. The foregoing description of the terms of the MOU, the SPV SPA, the Articles of Association and each of the five Spain Leases are qualified in their entirety by reference to such exhibits to this Quarterly Report on Form 10-Q and are incorporated by reference herein.

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|:---|:---|
| **ITEM 6.** | **EXHIBITS** |

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The exhibits listed in the accompanying "[Exhibit Index](#q3_021)" are filed or incorporated by reference as part of this Form 10-Q.

**Signatures**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: November 14, 2025

---

| |
|:---|
| **EDGEMODE, INC.** |
| By: <u>/s/Charlie Faulkner&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Charlie Faulkner<br> Chief Executive Officer<br> (Principal Executive Officer)<br>By: <u>/s/Simon Wajcenberg&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u><br> Simon Wajcenberg<br> Chief Financial Officer<br> (Principal Financial and Accounting Officer)\ |

---

**EXHIBIT INDEX**

---

| | | | | |
|:---|:---|:---|:---|:---|
| | | **Incorporated by<br> Reference** | **Incorporated by<br> Reference** | **Incorporated by<br> Reference** |
| <br>**Exhibit<br> No.** | <br>**Exhibit Description** | **Form** | **Date** | **Number** |
| 2.1 | [Agreement and Plan of Merger and Reorganization](https://www.sec.gov/Archives/edgar/data/1652958/000168316821006187/fourthwave_ex0201.htm) + | 8-K | 12/8/2021 | 2.1 |
| 2.2 | [Share Exchange Agreement effective April 7, 2025 by and between Edgemode, Inc., Synthesis Analytics Production Ltd. and Adler Capital Limited](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex0201.htm) | 8-K | 4/8/2025 | 2.1 |
| 2.3 | [Memorandum of Understanding dated October 15, 2025 by and between Edgemode, Inc and Blackberry AIF, S.L.](edgemode_ex0203.htm) |  |  | Filed |
| 2.4 | [Share Purchase Agreement effective November 6, 2025 by and between DC Estate Solutions Cayman Limited and Blackberry AIF, S.L.](edgemode_ex0204.htm) |  |  | Filed |
| 3.1 | [Certificate of Incorporation, as Amended and Restated](https://www.sec.gov/Archives/edgar/data/1652958/000168316822002560/fourthwave_ex0301.htm) | 10-K | 4/12/2022 | 3.1 |
| 3.1(a) | [Certificate of Amendment Increase in Authorized Common Stock effective April 7, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex0301.htm) | 8-K | 4/8/2025 | 3.1 |
| 3.2 | [Bylaws](https://www.sec.gov/Archives/edgar/data/1652958/000168316822000702/fourthwave_ex0301.htm) | 8-K | 2/7/2022 | 3.1 |
| 3.2(a) | [Amendment No. 1 to the Bylaws](https://www.sec.gov/Archives/edgar/data/1652958/000168316822002742/fourthwave_ex0301.htm) | 8-K | 4/15/2022 | 3.1 |
| 3.3 | [Certificate of Designation of Series C Preferred Stock](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001319/edgemode_ex0301.htm) | 8-K | 3/4/2025 | 3.1 |
| 3.4 | [Articles of Association of DC Estate Solutions Cayman Limited](edgemode_ex0304.htm) |  |  | Filed |
| 10.1 | [Master Services Agreement with Cudo Ventures](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_ex1001.htm) | 8-K | 2/24/2025 | 10.1 |
| 10.2 | [Simon Wajcenberg Conversion Letter dated February 20, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_ex1002.htm) | 8-K | 2/24/2025 | 10.2 |
| 10.3 | [Charles Faulkner Conversion Letter dated February 20, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_ex1003.htm) | 8-K | 2/24/2025 | 10.3 |
| 10.4 | [Amendment to Simon Wajcenberg Stock Option Grant dated February 20, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_ex1004.htm) | 8-K | 2/24/2025 | 10.4 |
| 10.5 | [Amendment to Charles Faulkner Stock Option Grant dated February 20, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825001184/edgemode_ex1005.htm) | 8-K | 2/24/2025 | 10.5 |
| 10.6 | [Amendment to Simon Wajcenberg Stock Option Grant dated April 2, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/edgemode_ex1001.htm) | 8-K | 4/2/2025 | 10.1 |
| 10.7 | [Amendment to Charles Faulkner Stock Option Grant dated April 2, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/edgemode_ex1002.htm) | 8-K | 4/2/2025 | 10.2 |
| 10.8 | [Executive Employment Agreement Effective April 7, 2025 between Edgemode, Inc. and Niclas Adler](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1001.htm) | 8-K | 4/8/2025 | 10.1 |
| 10.9 | [Consultancy Agreement by and between AI Capital Mineco Limited and Edgemode, Inc. effective April 7, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1002.htm) | 8-K | 4/8/2025 | 10.2 |
| 10.10 | [Form of Amendment No.1 to Executive Employment Agreement](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1003.htm) | 8-K | 4/8/2025 | 10.3 |
| 10.11 | [Form of Stock Option Grant](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1004.htm) | 8-K | 4/8/2025 | 10.4 |
| 10.12 | [Power Purchase Agreement between SAPL and Marviken One dated December 27, 2024, as amended on February 20, 2025](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1005.htm) | 8-K | 4/8/2025 | 10.5 |
| 10.13 | [Building Lease between SAPL and Marviken One dated December 27, 2024](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1006.htm) | 8-K | 4/8/2025 | 10.6 |
| 10.14 | [Property Purchase Agreement between SAPL and Marviken One dated December 4, 2024](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1007.htm) | 8-K | 4/8/2025 | 10.7 |
| 10.15 | [Cooling Agreement between SAPL and Marviken One dated December 27, 2024](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1008.htm) | 8-K | 4/8/2025 | 10.8 |
| 10.16 | [5% Promissory Note issued by Synthesis Analytics Ltd. in favor of Marviken Two dated December 4, 2024](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1009.htm) | 8-K | 4/8/2025 | 10.9 |
| 10.17 | [Intellectual Property Agreement between SAPL and ACL dated August 31, 2024](https://www.sec.gov/Archives/edgar/data/1652958/000168316825002328/edgemode_ex1010.htm) | 8-K | 4/8/2025 | 10.10 |
| 10.18 | [Cordoba Land Lease Agreement dated July 18, 2024 by and between Antonio Perez and Jose Mora](edgemode_ex1018.htm) |  |  | Filed |
| 10.19 | [Vianos Land Lease Agreement dated November 4, 2024 by and between Jose Garcia and Jose Mora](edgemode_ex1019.htm) |  |  | Filed |
| 10.20 | [Torrecampo Land Lease Agreement dated March 3, 2025 by and between Julian Cabrera and Jose Mora](edgemode_ex1020.htm) |  |  | Filed |
| 10.21 | [Malpica Land Lease Agreement dated February 24, 2025 by and between Francisco Partearroyo and Jose Mora](edgemode_ex1021.htm) |  |  | Filed |
| 10.22 | [Caceres Land Lease Agreement dated May 26, 2025 by and between Antonio Andrada Partearroyo and Jose Mora](edgemode_ex1022.htm) |  |  | Filed |
| 10.23 | [Vianos Land Lease Assignment Agreement dated December 18, 2024 by and between NGE Spain Solia Renewables SL and Blackberry AIF S.L.](edgemode_ex1023.htm) |  |  | Filed |

---

---

| | | |
|:---|:---|:---|
| 10.24 | [Malpica Land Lease Assignment Agreement dated March 6, 2025 by and between NGE Spain Solia Renewables SL and Blackberry AIF S.L.](edgemode_ex1024.htm) | Filed |
| 10.25 | [Torrecampo Land Lease Assignment Agreement dated March 25, 2025 by and between NGE Spain Solia Renewables SL and Blackberry AIG S.L](edgemode_ex1025.htm) | Filed |
| 10.26 | [Cordoba Land Lease Assignment Agreement dated March 20, 2025 by and between NGE Spain Solia Renewables SL and Blackberry AIF S.L.](edgemode_ex1026.htm) | Filed |
| 10.27 | [Caceres Land Lease Assignment Agreement dated May 29, 2025 by and between NGE Spain Solia Renewables SL and Blackberry AIF S.L.](edgemode_ex1027.htm) | Filed |
| 10.28 | [Land Lease Assignment Agreement dated October 10, 2025 by and between Blackberry AIF S.L. and DC Estate Cordoba S.L.](edgemode_ex1028.htm) | Filed |
| 10.29 | [Land Lease Assignment Agreement dated October 10, 2025 by and between Blackberry AIF S.L. and DC Estate Vianos S.L.](edgemode_ex1029.htm) | Filed |
| 10.30 | [Land Lease Assignment Agreement dated October 10, 2025 by and between Blackberry AIF S.L. and DC Estate Torrecampo S.L.](edgemode_ex1030.htm) | Filed |
| 10.31 | [Land Lease Assignment Agreement dated October 10, 2025 by and between Blackberry AIF S.L. and DC Estate Malpica S.L.](edgemode_ex1031.htm) | Filed |
| 10.32 | [Land Lease Assignment Agreement dated October 10, 2025 by and between Blackberry AIF S.L. and DC Estate Caceres S.L.](edgemode_ex1032.htm) | Filed |
| 31.1 | [CEO Certification (302)](edgemode_ex3101.htm) | Filed |
| 31.2 | [CFO Certification (302)](edgemode_ex3102.htm) | Filed |
| 32.1 | [CEO Certification (906)](edgemode_ex3201.htm) | Furnished |
| 32.2 | [CFO Certification (906)](edgemode_ex3202.htm) | Furnished |
| 101.INS | XBRL Instance Document | Filed |
| 101.SCH | XBRL Taxonomy Extension Schema Document | Filed |
| 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document | Filed |
| 101.DEF | XBRL Taxonomy Extension Definition Linkbase Document | Filed |
| 101.LAB | XBRL Taxonomy Extension Label Linkbase Document | Filed |
| 101.PRE | XBRL Taxonomy Extension Presentation Linkbase Document | Filed |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL with applicable taxonomy extension information contained in Exhibits 101) |  |

---

+ Exhibits and/or Schedules have been omitted. The Company hereby agrees to furnish to the Staff of the Securities and Exchange Commission upon request any omitted information. Copies of this filing (including the financial statements) and any of the exhibits referred to above will be furnished at no cost to our shareholders who make a written request to Edgemode, Inc., 110 E. Broward Blvd., Suite 1700, Ft. Lauderdale, FL 33301; Attention: Corporate Secretary.

## Exhibit 2.3

**Exhibit 2.3**

**MEMORANDUM OF UNDERSTANDING**

**15<sup>th</sup> October 2025**

**EdgeMode Inc (OTC: EDGM)**

**&**

**Blackberry AIF (BAIF)**

This **MEMORANDUM OF UNDERSTANDING** (the **MOU**) is made this 15 October 2025

**BETWEEN**:

**1) EdgeMode Inc** OTC Markets Symbol EDGM, with its principal office location is 110 East Broward Blvd, Fort Lauderdale, Florida 33301 (together, with its affiliates **(collectively, "EdgeMode")**; and

**2) BLACKBERRY AIF**, a company registered in the Kingdom of Spain with registration number B-55434377 and whose registered office is at Avenida de la Constitución 36, second floor, Seville 41001, Spain (hereinafter referred to as the "Company" or "BAIF").

**WHEREAS:**

(A) EdgeMode and BAIF agree that suitable opportunities exist for them to proceed with the transaction described
in Clause 2 (the **Transaction**).

**NOW, THEREFORE,** the Parties have reached the following understanding:

**1. PURPOSE**

The parties agree to enter this legally binding MOU with the intent to exchange information and transfer BAIF assets to a Special purpose Vehicle (SPV) which will be 75% owned and controlled by EdgeMode Inc and 25% by BAIF, in return for a $500,000 USD cash payment and warrants over 250 million Edgemode shares. EdgeMode Inc will provide assistance in raising investment capital and finance the working capital requirements of the SPV.

**2. TRANSACTION**

**2.1The Parties agree that the Transaction will expedite the following:**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To build, finance, operate and take public through a series of M&A transactions a highly profitable
High-Performance Computing (HPC) datacenter operator with multiple site locations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Based on agreed growth plans and potential assets the market capitalization of this company is expected
to exceed $1Billion USD. Hardware deployment, M&A and operational execution over time will serve to increase the market capitalization
to in excess of $5 Billion USD

**2.2 Structure**

---

| | |
|:---|:---|
| (a) | Assets – 5 sites, Malpica, Caceres, Vianos, Cordoba, Torrecampo. See attached schedule 1 for full description of sites, property leases, permit approvals, fibre connections and development status. |
| (b) | Special Purpose Vehicle (SPV) |
|  | DC Estate Solutions Cayman. A new Cayman Islands entity will be formed specifically for this transaction (The SPV). This Will be a holding company. 5 new Spanish operating companies Will be created one for each site. The operating companies Will be wholly owned subsidiaries of DC Estate Solutions Cayman. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)DC Estate Solutions Cayman (SPV) – Ownership and control

EdgeMode inc – 75% of the stock and voting rights

Jose Mora – 25% of the stock and voting rights

**Shareholders' Agreement Commitment Clause**

The parties agree that upon the execution of the SPV´s Share Purchase Agreement, they will enter into a Shareholders' Agreement which shall include, at a minimum, the following protections:

1) The Administrator Mr. Jose Mora cannot be removed from his role without his/her consent, except where objectively defined causes, a prior notice procedure, and a reinforced voting majority are adhered to.

2) Provision for compensation ("indemnification") in case of removal that breaches what is agreed.

3) A right of option whereby the Administrator may purchase the shares of any shareholder(s) who initiate his/her removal, or alternatively, such shareholders must purchase the Administrator's shares, under previously agreed terms of price and timeframe.

4) Any amendment, waiver or alteration to these protections shall also require a reinforced majority or the specific consent of the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) BAIF will complete a corporate restructuring in order to transfer and secure ownership and control of
the assets, expertise and opportunities as described in Schedule 1 to DC Estate Solutions (SPV).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) EdgeMode will have a Right of First Refusal to acquire any other BAIF sites outside of the SPV.

**2.3 Revenues**

The SPV assets of 5 sites in schedule 1 have a total capacity of 1.689GW. Caceres and Cordoba will be developed as battery storage facilities (BESS) providing a total storage capacity of 789 MW. The battery storage development is expected to be completed by Q2 2027 and generating profits. Malpica, Vianos and Torre will be developed as Gas,Solar and BESS powered, Tier 3 AI Data centers. Providing a total capacity of 900 MW. These 3 developments will either sold on a Ready to Build (RTB) basis or leased to hyperscale clients on a built to suit basis. Projects will have all permits to be RTB within 1 year from the date of this agreement.

**2.4 Scaling**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The project plans to scale in hosting capacity to 5 GW or any other capacity agreed by both parties by
December 2027. We expect initial sales/ revenues to commence in Q1 2026.

**2.6 Purchase Consideration**

---

| | |
|:---|:---|
| (a) | EdgeMode will finance 100% of the SPV's DC and BESS-related development costs (permits, working capital, project development through RTB and COD in the case of the BESS facility). Budget to be agreed and attached as a schedule to final definitive agreements. Estimated to be $450 Million in development cost per all projects approximately (according the Excel File shared) closing the total amount once the definitive agreements are closed, and including the cost of 3 full time staff (50k/person per year). |
|  | The Gas,solar and BESS components will be financed and owned by specialist solar sector investors and operators under long term PPAs (30–35 years) with the SPV. BAIF Will lead identification and engagement of these partners. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) EdgeMode paid $250,000 USD on 19<sup>th</sup> September 2025 on signing of this agreement and will pay
a further $250,000 USD on completion of definitive final agreements and confirmation that legal title to all property and assets in schedule
1 have been transferred to the 5 Spanish operating companies that have been formed, and that DC Estates Solutions Cayman is the sole shareholder
of all the newly formed 5 Spanish operating companies.

**2.7 HPC Data center Facility**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The HPC Data center facility will be an immersion cooled containerized solution or any other competitive
solution. EdgeMode and BAIF will manage the purchasing supply and build of the facility. The parties will collectively determine alternative
supply solutions to ensure EdgeMode achieves best terms and delivers on its vision to be one of the largest, most efficient and profitable
High-Performance Computing (HPC) datacenter operators with multiple site locations.

**2.8 HPC Data center Hardware**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) EdgeMode & BAIF have access to supply from multiple manufacturers and will arrange the supply and
finance for market leading hardware at a market competitive rate

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The majority of capital raised by EdgeMode will be deployed into existing sites, new hardware and power
capacity contracts in line with both BAIF and EdgeMode Objectives

**2.9Management & Resource**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) EdgeMode will provide its management team to oversee the project build in collaboration with BAIF management
team. EdgeMode and BAIF will also take responsibility for the day-to-day management of operations ensuring the business is managed efficiently,
profitably and scales in line with agreed plans and forecasts.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) EdgeMode and BAIF will work together on resourcing the business and hiring appropriately where necessary.

**2.10Management Remuneration**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Market competitive remuneration and incentive packages will be arranged for all management and staff.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Jose Mora will be provided an employment agreement on the same terms as Charlie Faulkner and Simon Wajcenberg.
Annual Salary of $400,000 per annum plus a quarterly bonus of up to $200,000 per quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Bonus - EdgeMode will pay Jose Mora $1,000,000 USD per site payable on execution of a binding sale agreement
for Malpica, Vianos and Torre with mínimum 5% deposit paid.The sale price must be above $200 million USD for each site.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Bonus – EdgeMode will pay Jose Mora $1,000,000 USD per site payable when the Battery storage facility
has reached completion of development (COD). This relates to Caceres and Cordoba sites.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Jose Mora Will be issued warrants on completion of final definitive agreements, over 250 Million shares
of Edgemode common stock at market price at the time of executing the warrant agreement. 14.8 million warrants Will vest for each 100MW
of BESS facility that has reached completion of development (COD) or contracted Gas,Solar and BESS capacity has been sold and secured
within 24 months from date of execution of final definitive agreements.

(f) Milestone Equity Ratchet – Jose, will be issued an additional 1% of the issued and outstanding shares
in the SPV for each 67MW of BESS facility that has reached completion of development (COD) or contracted Gas,Solar and BESS capacity sold
within 24 months from date of execution of final definitive agreements.

**3RELATIONSHIP**

i. The relationship between the Parties shall be solely that of investor shareholders in EdgeMode.

ii. Nothing herein contained shall be construed as authorizing either Party to act as an agent or representative
of the other or to make any commitment or create any obligations for the other without such Party's prior written consent.

iii. Each Party shall be solely responsible for its own costs and expenses incurred in connection with or contemplated
by this MOU.

iv. EdgeMode and BAIF shall not directly or indirectly collaborate or make any other agreements or arrangements
with other parties, except for the sole and express purpose of carrying out the objectives of this MOU

---

| | |
|:---|:---|
| **4** | **Term** |

---

This clause shall remain in full force and effect throughout the duration of the MoU and shall cease to have effect upon termination or expiration thereof.

**EFFECTIVE DATE AND TERMINATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) This MOU shall become effective upon the date hereof and shall be legally binding subject to the transfer
of the BAIF assets to EdgeMode as described in Schedule 1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) From the date of signing this agreement, a 30 day period will be established to conduct due diligence
on both companies and to negotiate the final definitive purchase agreement, which must be signed within this period.

**5 CONDITIONS PRECEDENT**

**5.1Financial Statements and Audit Requirements**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) SPV shall have prepared and obtained
an independent audit of its financial statements for the fiscal year 2024 in accordance with applicable accounting standards.

(b) If required, SPV shall have prepared
and obtained a review of its interim period financial statements in compliance with Regulation S-X requirements.

**5.2Due Diligence**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The parties shall have completed,
to their reasonable satisfaction, a comprehensive due diligence investigation, including but not limited to a) Financial due diligence
b) Legal due diligence c) Technical due diligence d) Operational due diligence.

**5.3Other**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All necessary shareholder approvals
shall have been obtained from: a) BAIF shareholders b) EdgeMode shareholders c) Any other relevant stakeholders.

(b) All necessary regulatory approvals,
if any, shall have been obtained.

(c) No material adverse change shall
have occurred in the business, operations, assets, position (financial, trading or otherwise), profits or prospects of either party.

**6 REPRESENTATIONS AND WARRANTIES**

**6.1Representations and warranties of BAIF**

Except as set forth in the Disclosure Schedule, Seller hereby represents and warrants to Buyer as follows:

**6.1.1Organization and Good Standing**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company is a corporation duly organized, validly existing and in good standing under the laws of Kingdom of Spain with full corporate
power and authority to conduct its business as currently conducted.

(b) The Company is duly qualified to do business and is in good standing in each jurisdiction where such qualification is required, except
where the failure to be so qualified would not have a Material Adverse Effect.

**6.1.2Authority and Enforceability**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has full corporate power and authority to execute and deliver this Agreement and to perform its obligations hereunder.

(b) The execution, delivery, and performance of this Agreement have been duly authorized by all necessary corporate action on the part of
the Company.

**6.1.3Intellectual Property**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Schedule 1 sets forth a complete and accurate list of all:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) patents and patent applications;

(ii) trademark registrations and applications;

(iii) copyright registrations and applications;

(iv) domain name registrations;

(v) material unregistered Intellectual Property; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) software owned, used, or licensed by the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) owns or has valid licenses to use all Intellectual Property necessary to conduct its business;

(ii) has taken reasonable measures to protect its trade secrets and confidential information;

(iii) has not received any written notice alleging infringement of third-party Intellectual Property;

(iv) has no knowledge of any third-party infringement of Company Intellectual Property; and

(v) has obtained valid assignments from all employees and contractors who contributed to the development of Company Intellectual Property.

**6.1.4Compliance with Laws**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company:

(i) complies with all applicable Laws;

(ii) holds all required Permits;

(iii) is not subject to any outstanding orders or investigations; and

(iv) has filed all required reports and documentation with regulatory authorities.

**6.1.5Tax Matters**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company:

(i) has filed all required Tax Returns;

(ii) has paid all Taxes when due;

(iii) has no pending Tax audits or disputes; and

(iv) has complied with all Tax laws in all jurisdictions.

**6.2Representations and warranties of EdgeMode**

EdgeMode hereby represents and warrants to Seller as follows:

**6.2.1Organization and Authority**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) EdgeMode is a corporation duly organized under the laws of Nevada.

(b) EdgeMode has full power and authority to execute this Agreement and consummate the transaction.

**6.2.2No Conflicts**

The execution and delivery of this Agreement by EdgeMode does not conflict with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) EdgeMode's organizational documents;

(b) any applicable Law; or

(c) any material agreement to which Buyer is a party.

**6.2.3Indemnification**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Seller shall indemnify Buyer for any breach of Seller's representations.

(b) Buyer shall indemnify Seller for any breach of Buyer's representations.

**7CONFIDENTIALITY AND PUBLICITY**

7.1 The Parties acknowledge that all Disclosure (as defined below) is given in confidence and that all such
Disclosure shall remain the property of the provider at all times and each recipient undertakes to keep secret and confidential all and
every part of the Disclosure and the content of this MOU.

7.2 The Parties undertake to keep in a safe, secure and confidential place all Disclosure received in connection
with this MOU or any Party and not to make use of or permit others to make use of the Disclosure or any part of it except where it is
necessary in order for a Party to perform under this MOU or is authorised by the provider in writing, and the recipient shall ensure such
persons enter into a confidentiality undertaking in similar terms hereto.

7.3 To the extent that any Disclosure is no longer required to enable performance of this MOU or terminated
for non-delivery of BAIF assets to EdgeMode, the recipient shall to the extent technically practicable, either return to the provider
or destroy (at the election of the recipient) the Disclosure together with all copies, notes and transcriptions thereof.

7.4 The recipient may disclose the Disclosure to the extent required or requested by law, rule, regulation,
subpoena, or any court, tribunal, regulator (including, for the avoidance of doubt, the regulations and requirements of any trading venue
or platform or stock exchange) or other authority with competent jurisdiction to order or request its disclosure (but only to the extent
of such requirement or request). If the recipient is so required or requested to disclose the Disclosure, it will to the extent legally
permitted, provide the provider with prompt written notice of such requirement so that the provider may assert such interest as it has
in the Disclosure and, if thought fit, seek an appropriate order from a court of competent jurisdiction preventing or restricting the
disclosure. If, in the absence of such order, the recipient is nonetheless required or requested to disclose such Disclosure, the recipient
may disclose such information without liability, provided, however, that the recipient shall disclose only that portion of such Disclosure
which is legally required or requested to disclose.

7.5 The Parties agree that no public release or announcement concerning this MOU or planned joint business
opportunities identified under the terms of this MOU shall be made without the advance written consent of both Parties.

7.6 Disclosure means any drawings, documents or other materials (including but without prejudice to the generality
of the foregoing, all readable or computer or other machine readable data, logic sheets, coding, listing and test data), know-how, commercially
sensitive ideas or other information including but not limited to information relating to any Party's (or such Party's affiliates')
business affairs or finances, but does not include information which: (a) is or becomes generally available to the public other than as
a result of a disclosure by the recipient in violation of this MOU; (b) is already or becomes available to the recipient or (or its affiliates),
provided that, to the recipient's knowledge, such source is not prohibited from disclosing such information by an obligation of confidentiality
to the provider or any other person; (c) is independently developed by the recipient (or its affiliates) without any breach of the terms
of the MOU.

**8GOVERNING LAW AND ARBITRATION**

8.1 This MOU, and the activities herein, shall be governed by, and construed in accordance with, the laws
of Delaware, United States of America

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1 Each party irrevocably agrees that the courts of Delaware shall have exclusive jurisdiction to settle
any dispute or claim arising out of or in connection with this agreement or its subject matter or formation (including non-contractual
disputes or claims) (the **Rules**). It is hereby agreed that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2 the seat of the arbitration shall be the state of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.3 there shall be three arbitrators, each Party selecting one arbitrator within 15 30 days
after the claimant commences the arbitration by giving written notice of the arbitration and the third (and presiding) arbitrator selected
by the two arbitrators so selected within 30 days after their appointment. If the two arbitrators cannot agree on the third arbitrator
within such 30 day period, the third arbitrator shall be appointed in accordance with the Rules.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.4 the language of the arbitration shall be as per rules;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.5 the award shall be in writing and shall set forth in reasonable detail the facts of the Dispute and the
reasons for the tribunal's decision; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.6 the award in such arbitration shall be final and binding upon the Parties and judgment thereon may be
entered in any court having jurisdiction for its enforcement

**9GENERAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.1 This MOU constitutes the whole agreement between the Parties relating to its subject matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.2 This MOU is intended to and shall constitute legally binding contractual obligations between the Parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.3 Neither Party, nor any of its affiliates, nor its or their respective officers, directors, employees or
professional advisors shall be liable for any direct, indirect, consequential, punitive or similar loss or damage resulting from or arising
out of this MOU, including (but not limited to) loss of profit, loss of business opportunity or business interruptions, howsoever caused.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.4 Each Party warrants that it has not made or offered and that it will not make of offer with respect to
the matters which are subject of this MOU, any payment, gift, whether directly or through intermediaries, to or for the use of any public
official (i.e. any person holding a legislative, administrative or judicial office, including any person exercising a public function
for a public agency, a public enterprise or a public international organization), where such payment, gift, promise or advantage would
violate any applicable laws. Each Party shall defend, indemnify and hold the other Party harmless from and against all claims, damages,
losses, penalties, costs and/or expenses arising from or related to any breach by such Party of this warranty.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.5 Neither Party shall assign or transfer any of its rights or obligations under this MOU without the prior
written consent of the other Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.6 No variations or alterations to this MOU shall be effective unless made in writing and duly signed by
the authorised signatories of each Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.7 This MOU may be executed in one or more counterparts and by one or more Parties to any counterpart, each
of which shall be deemed an original and all of which together shall constitute one and the same MOU.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1.8 Notices under this MOU shall be in writing and shall be deemed validly given if delivered by post (recorded
delivery, with proof of posting) or email (with read receipt) or delivered by hand to the under mentioned individual. Any notice dispatched
in accordance with this Clause shall be deemed received: (i)immediately, in the case of hand delivery and emails; and (ii) after five
(5) business days of posting, in the case of post.

(a) Notices
to be given to Edge Mode shall be addressed to:

EdgeMode

For the attention of: Simon Wajcenberg

Telephone No.: +44 7803 295932

Email: simon@edgemode.io

always with a copy to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notices to be given to Blackberry AIF (BAIF) shall be addressed to:

For the attention of: Jose Mora

Telephone No.: +34 657 916907

Email: jose.mora@blackberryaif.com

**IN WITNESS WHEROF**, the Parties have caused their duly authorized representatives to execute and deliver this Agreement on the date first above written.

For and on behalf:

**EdgeMode Inc.**

<u>/s/ Simon Wajcenberg</u>

Name: Simon Wajcenberg

Position. Director

Date. 15<sup>th</sup> October 2025

For and on behalf of

**Blackberry AIF**

<u>/s/ Jose Mora</u>

Name: Jose Mora

Position. CEO

Date.15<sup>th</sup> October 2025

**Schedule 1**

**BAIF Assets**:

100% of BAIF assets, free of any encumbrances and/or liens, operations, cash, receivables, technology, sales pipeline etc.

Pipeline as well as Building lease, Land lease, facility lease and PPA's.

Attached pipeline of site locations for development.

**Edgemode:** Due Diligence Checklist for U.S. OTC-Quoted Company

**Corporate Documents & Governance**

Articles of incorporation, bylaws, certificates of good standing

Shareholder register (including major holders, >5%)

Shareholder agreements (e.g. lock-ups, tag-along/drag-along)

Board and shareholder meeting minutes, organizational chart

**Share Capital & Ownership Structure**

Capitalization table, outstanding shares/options, dilution history

Details of related-party equity transactions and preferred stock terms

**Financial Statements & Liabilities**

Last 3–5 years of audited financials (GAAP or IFRS), interim reports

Debt schedules, lines of credit, contingent liabilities

Accounts receivable/payable aging, cash flow, financial projections

**Material Contracts & Customers**

All material contracts: clients, suppliers, partners, leases, tech licenses

Top-10 customers/contracts summary, customer concentration risk

**Litigation & Regulatory Matters**

Details of pending or threatened litigation, arbitration, regulatory investigations

Bankruptcy searches, liens, UCC filings, SEC/FINRA/OTC filings

**Intellectual Property & IT Systems**

Inventory of patents, trademarks, copyrights, software licenses

Disputes, encumbrances, expirations

Cybersecurity policies, breach history, disaster recovery plans

**Employment & HR**

Employee list, contracts, compensation schemes, benefits, stock incentive plans

Labor claims, collective bargaining, employment disputes

**Regulatory Compliance**

Licenses, permits, OTC disclosure obligations, SEC filings

Anti-corruption policies (FCPA), third-party due diligence procedures

**Insurance & Risk Management**

Insurance policies: D&O, E&O, liability, property, cyber

Claims history, coverage gaps, insured limits diligent.com

**Real Estate & Fixed Assets**

Property ownership or lease agreements, encumbrances

Environmental reports, permits, contamination risks

**Tax Matters**

Tax filings and returns (federal, state, local, international) for at least 5 years

Audits, correspondence with tax authorities, transfer pricing

**Operations & Supply Chain**

Major suppliers/subcontractors, supply agreements

Inventory, production backlog, logistics, and quality control data

**Environmental Compliance**

Environmental permits, audits, compliance notices, remediation obligations

**Data Room & Disclosure Schedule Setup**

Virtual data room with indexed access to all documents

Disclosure schedule flagging all exclusions/caveats

**Cybersecurity Due Diligence**

Cyber risk assessments, identity and access management reviews

Threat history, response plans, integration strategy

## Exhibit 2.4

**Exhibit 2.4**

**PRIVATE AGREEMENT FOR THE SALE AND PURCHASE OF COMPANY SHARES**

*(with commitment to formalize in a public deed)*

In Seville, on October 17, 2025

**BETWEEN**

**1)** **BLACKBERRY AIF S.L.,** with tax ID B-55434377, having its registered address at C/ Virgen de Luján nº 48 Ground Floor B right, 41011 Seville, represented by Mr. José Antonio Mora Góngora, of legal age, , hereinafter **referred to as the SELLER.**

**2)** **DC Estates Solutions Cayman Limited.,** a company incorporated under the laws of the Cayman Islands, with registered office at P.O Box 1801,13, Genesis Close,Grand Cayman, Cayman islands, KY1 1109, represented by Mr. Simon Wajcenberg, with sufficient powers to bind it to this agreement, hereinafter **referred to as the BUYER.**

Both parties, hereinafter jointly referred to as the "Parties", mutually acknowledge that they have the legal capacity to enter into this agreement and to proceed with its execution, and for this purpose

**RECITALS**

1. The
SELLER is the full owner of 100% of the shares of five Spanish limited liability companies (the "SPVs" or "Vehicle
Companies"), recently incorporated, which carry out Data Center and BESS projects, with the details set forth in Annex I.

2. The
assets, contracts, permits, licenses, concessions, connection rights, and other rights related to the projects have been transferred
to these SPVs and are currently in the process of being registered with the Commercial Registry, a procedure expected to be completed
within a maximum period of four (4) weeks from the date of this agreement.

3. The
BUYER has expressed its interest in acquiring 100% of the shares of these SPVs, committing to pay the agreed amounts and to appear before
a Spanish Notary to formalize the sale by public deed, once the registry procedures have been completed.

4. Both
Parties wish to set forth in this private agreement the essential elements of the transaction (payments made, future commitments), with
the condition of formalizing it in a public deed within a maximum period of six (6) weeks.

Therefore, they agree as follows:

**CLAUSES**

**1. Object**

The SELLER sells and transfers to the BUYER, and the BUYER purchases, 100% of the shares of the five SPVs detailed in Annex I, free of liens, encumbrances, and restrictions, together with all rights, contracts, permits, licenses, and assets related to the corresponding projects.

**2. Price and Payment Method**

1. The BUYER acknowledges having already paid the SELLER the sum of USD 250,000 on September 19, 2025, as
the first payment.

2. Upon the execution of this private agreement, the BUYER shall pay a second amount of USD 250,000 to the
SELLER.

3. The remaining amounts, as well as the issuance of shares, bonds, ratchet mechanisms, post-closing adjustments,
and other compensations, shall be governed by additional private agreements to be executed by the Parties within an agreed timeframe,
which may be incorporated as annexes or separate agreements, and not through the public deed of sale.

**3. Formalization in a Public Deed**

1. The
Parties expressly undertake to appear before Spanish Notary Mr. Gonzalo García Manrique, located at Avda. San Francisco Javier,
Edif. Sevilla 2, 1st Floor, 41018 Seville (Spain), to formalize in a public deed the agreed sale, once the SPVs are duly registered with
the Commercial Registry.

2. Such
execution shall take place within a maximum period of six (6) weeks from the date of this agreement, except in cases of justified force
majeure.

3. At
the notarial act, the Parties shall ratify the terms agreed herein, appoint their representatives, and proceed with the effective transfer
of the shares.

**4. Resolutive Condition.** This agreement shall be automatically terminated under the following circumstances:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) If the BUYER does not make the second payment of USD 250,000 upon execution of this private agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) If the public deed is not executed within the maximum period of six (6) weeks due to a cause attributable to the BUYER.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) If, during the interim period, a Due Diligence reveals defects, hidden liabilities, or material breaches that prevent the transfer.

In the event of termination, USD 250,000 shall be considered penalty deposit (arras penitenciales), pursuant to Article 1454 of the Spanish Civil Code, unless the Parties agree in writing on their return or another form of compensation.

**5. Representations and Warranties**

The SELLER declares and guarantees that:

• They
are the lawful owner of 100% of the shares of the SPVs subject to this agreement.

• Such
shares are free of liens, encumbrances, and restrictions.

• The
assets, permits, contracts, and licenses related to the projects have been duly transferred.

• There
are no pending or hidden litigation, sanctions, administrative, tax, or labor claims.

• The
only activity carried out by the SPVs to date is that related to the projects detailed in Annex I.

**6. Expenses and Taxes**

1. The
costs arising from this private agreement shall be borne by each Party in accordance with applicable law.

2. Notarial
and registry expenses arising from the execution of the public deed of sale shall be borne by the BUYER, except for taxes corresponding
to the SELLER's capital gains.

**7. Addresses and Notices**

For the purposes of notifications:

• SELLER:
C/ Virgen de Luján nº 48, Ground Floor Right, 41011 Seville, Spain.

• BUYER:
P.O Box 1801,13, Genesis Close, Grand Cayman, Cayman islands, KY1 1109

Any change of address must be notified in writing to the other Party.

**8. Governing Law and Jurisdiction**

This agreement shall be governed by Spanish law.

The Parties submit to the Courts and Tribunals of Seville for any disputes that may arise, waiving any other jurisdiction they may be entitled to.

In witness whereof, the Parties sign this agreement in duplicate:

**For the SELLER**

BLACKBERRY AIF S.L.

José Antonio Mora Góngora

(Signature)

**For the BUYER**

DC Estates Solutions Cayman Limited.

Simon Wajcenberg

(Signature)

**ANNEX I**

**Vehicle Companies (SPVs) Subject to the Sale**

---

| | | | |
|:---|:---|:---|:---|
| **Nº** | **Companies (SPVs)** | **Tax ID** | **Associated Project/ Typed** |
| 1 | DC Estate Malpica SL | B-23918386 | Data Center / Malpica project |
| 2 | DC Estate Córdoba SL | B-23918402 | BESS / Córdoba project |
| 3 | DC Estate Cáceres SL | B-23918394 | BESS / Cáceres project |
| 4 | DC Estate Vianos SL | B-23918352 | Data Center / Vianos project |
| 5 | DC Estate Torrecampo SL | B-23918378 | Data Center / Torrecampo project |

---

## Exhibit 3.4

**Exhibit 3.4**

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**MEMORANDUM AND ARTICLES OF ASSOCIATION**

**OF**

**DC ESTATE SOLUTIONS CAYMAN LIMITED**

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**MEMORANDUM OF ASSOCIATION**

**OF**

**DC ESTATE SOLUTIONS CAYMAN LIMITED**

&nbsp;&nbsp;&nbsp;&nbsp;1. The name of the Company is DC Estate Solutions Limited.

&nbsp;&nbsp;&nbsp;&nbsp;2. The Registered Office of the Company shall be at the offices of Anchor Corporate Services Limited, PO Box 1801,4<sup>th</sup> Floor,
13 Genesis Close, Grand Cayman, KY1-1109, Cayman Islands, or at such other place within the Cayman Islands as the Directors may decide.

&nbsp;&nbsp;&nbsp;&nbsp;3. The objects for which the Company is established are unrestricted and the Company shall have full power and authority to carry out
any object not prohibited by the laws of the Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;4. The liability of each Member is limited to the amount unpaid on such Member's shares. The share capital of the Company is US$50,000
divided into 50,000 shares of no par value.

&nbsp;&nbsp;&nbsp;&nbsp;5. The Company has power to register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction
outside the Cayman Islands and to be deregistered in the Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;6. Capitalised terms that are not defined in this Memorandum of Association bear the respective meanings given to them in the Articles
of Association of the Company.

WE, the subscriber to this Memorandum of Association, wish to form a company pursuant to this Memorandum of Association, and we agree to take the number of shares shown opposite our name.

Dated this 14th day of October 2025

Signature and Address of Subscriber <u> Number of Shares Taken </u> <br> <u> Anchor Corporate Services Limited of PO Box 1801, 4<sup>th</sup> Floor, 13 Genesis Close Grand Cayman KY1-1109 Cayman Islands </u> <u>One</u>

acting by:

_______________________________________________________

Jon Barratt

Director

Anchor Corporate Services Limited

_______________________________________________________

Witness to the above signature

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**ARTICLES OF ASSOCIATION**

**OF**

**DC ESTATE SOLUTIONS CAYMAN LIMITED**

---

| | |
|:---|:---|
| 1 | Interpretation |
| 1.1 | In the Articles Table A in the First Schedule to the Statute does not apply and, unless there is something in the subject or context inconsistent therewith: |

---

---

| | |
|:---|:---|
| "Articles"<br>| means these articles of association of the Company.<br>|
| "Auditor" | means the person for the time being performing the duties of<br> auditor of the Company (if any).<br>|
| "Company"<br>| means the above named company.<br>|
| "Directors"<br>| means the directors for the time being of the Company.<br>|
| "Dividend"<br>| means any dividend (whether interim or final) resolved to be<br> paid on Shares pursuant to the Articles.<br>|
| "Electronic Record"<br>| has the same meaning as in the Electronic Transactions Act.<br>|
| "Electronic Transactions Act"<br>| means the Electronic Transactions Act (As Revised) of the<br> Cayman Islands.<br>|
| "Member"<br>"Memorandum"<br>| has the same meaning as in the Statute.<br>means the memorandum of association of the Company.<br>|
| "Ordinary Resolution"<br>| means a resolution passed by a simple majority of the Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at a general meeting, and includes a unanimous written resolution. In computing the majority when a poll is demanded regard shall be had to the number of votes to which each Member is entitled by the Articles.<br>|

---

---

| | |
|:---|:---|
| "Register of Members" | means the register of Members maintained in accordance with the Statute and includes (except where otherwise stated) any branch or duplicate register of Members.<br>|
| "Registered Office" | means the registered office for the time being of the Company.<br>|
| "Seal" | means the common seal of the Company and includes every duplicate seal.<br>|
| "Share" | means a share in the Company and includes a fraction of a share in the Company.<br>|
| "Special Resolution" | has the same meaning as in the Statute, and includes a unanimous written resolution.<br>|
| "Statute" | means the Companies Act (As Revised) of the Cayman Islands.<br>|
| "Subscribe" | means the subscriber to the Memorandum.<br>|
| "Treasury Share" | means a Share held in the name of the Company as a treasury share in accordance with the Statute.<br>|

---

1.2 In the Articles:

&nbsp;&nbsp;&nbsp;&nbsp;(a) words importing the singular number include the plural number and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;(b) words importing the masculine gender include the feminine gender;

&nbsp;&nbsp;&nbsp;&nbsp;(c) words importing persons include corporations as well as any other legal or natural person;

&nbsp;&nbsp;&nbsp;&nbsp;(d) "written" and "in writing" include all modes of representing or reproducing words in visible form, including in
the form of an Electronic Record;

&nbsp;&nbsp;&nbsp;&nbsp;(e) "shall" shall be construed as imperative and "may" shall be construed as permissive;

&nbsp;&nbsp;&nbsp;&nbsp;(f) references to provisions of any law or regulation shall be construed as references to those provisions as amended, modified, re-enacted
or replaced:

&nbsp;&nbsp;&nbsp;&nbsp;(g) any phrase introduced by the terms "including" "include". "in particular" or any similar expression
shall be construed as illustrative and shall not limit the sense of the words preceding those terms;

&nbsp;&nbsp;&nbsp;&nbsp;(h) the term "and/or" is used to mean both "and" as well as "or." The use of "and/or" in certain
contexts in no respects qualifies or modifies the use of the terms "and" or "or" in others. The term "or"
shall not be interpreted to be exclusive and the term "and" shall not be interpreted to require the conjunctive (in each case,
unless the context otherwise requires);

&nbsp;&nbsp;&nbsp;&nbsp;(i) headings are inserted for reference only and shall be ignored in construing the Articles;

&nbsp;&nbsp;&nbsp;&nbsp;(j) any requirements as to delivery under the Articles include delivery in the form of an Electronic Record;

&nbsp;&nbsp;&nbsp;&nbsp;(k) any requirements as to execution or signature under the Articles including the execution of the Articles themselves can be satisfied
in the form of an electronic signature as defined in the Electronic Transactions Act;

&nbsp;&nbsp;&nbsp;&nbsp;(l) sections 8 and 19(3) of the Electronic Transactions Act shall not apply;

&nbsp;&nbsp;&nbsp;&nbsp;(m) the term "clear days" in relation to the period of a notice means that period excluding the day when the notice is received
or deemed to be received and the day for which it is given or on which it is to take effect; and

&nbsp;&nbsp;&nbsp;&nbsp;(n) the term "holder" in relation to a Share means a person whose name is entered in the Register of Members as the holder of
such Share.

**2Commencement of Business**

2.1 The business of the Company may be commenced as soon after incorporation of the Company as the Directors shall see fit.

2.2 The Directors may pay, out of the capital or any other monies of the Company, all expenses incurred in or about the formation and
establishment of the Company, including the expenses of registration.

**3Issue of Shares**

3.1 Subject to the provisions, if any, in the Memorandum (and to any direction that may be given by the Company in general meeting) and
without prejudice to any rights attached to any existing Shares, the Directors may allot, issue, grant options over or otherwise dispose
of Shares (including fractions of a Share) with or without preferred, deferred or other rights or restrictions, whether in regard to Dividend
or other distribution, voting, return of capital or otherwise and to such persons, at such times and on such other terms as they think
proper, and may also (subject to the Statute and the Articles) vary such rights. Notwithstanding the foregoing, the Subscriber shall have
the power to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue one Share to itself;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) transfer that Share by an instrument of transfer to any person; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) update the Register of Members in respect of the issue and transfer of that Share.

3.2The Company shall not issue Shares to bearer.

**4Register of Members**

4.1 The Company shall maintain or cause to be maintained the Register of Members in accordance with the Statute.

4.2 The Directors may determine that the Company shall maintain one or more branch registers of Members in accordance with the Statute.
The Directors may also determine which register of Members shall constitute the principal register and which shall constitute the branch
register or registers, and to vary such determination from time to time.

**5Closing Register of Members or Fixing Record Date**

5.1 For the purpose of determining Members entitled to notice of, or to vote at any meeting of Members or any adjournment thereof, or
Members entitled to receive payment of any Dividend or other distribution, or in order to make a determination of Members for any other
purpose, the Directors may provide that the Register of Members shall be closed for transfers for a stated period which shall not in any
case exceed forty days.

5.2 In lieu of, or apart from, closing the Register of Members, the Directors may fix in advance or arrears a date as the record date
for any such determination of Members entitled to notice of, or to vote at any meeting of the Members or any adjournment thereof, or for
the purpose of determining the Members entitled to receive payment of any Dividend or other distribution, or in order to make a determination
of Members for any other purpose.

5.3 If the Register of Members is not so closed and no record date is fixed for the determination of Members entitled to notice of, or
to vote at, a meeting of Members or Members entitled to receive payment of a Dividend or other distribution, the date on which notice
of the meeting is sent or the date on which the resolution of the Directors resolving to pay such Dividend or other distribution is passed,
as the case may be, shall be the record date for such determination of Members. When a determination of Members entitled to vote at any
meeting of Members has been made as provided in this Article, such determination shall apply to any adjournment thereof.

**6Certificates for Shares**

6.1 A Member shall only be entitled to a share certificate if the Directors resolve that share certificates shall be issued. Share certificates
representing Shares, if any, shall be in such form as the Directors may determine. Share certificates shall be signed by one or more Directors
or other person authorised by the Directors, The Directors may authorise certificates to be issued with the authorised signature(s) affixed
by mechanical process. All certificates for Shares shall be consecutively numbered or otherwise identified and shall specify the Shares
to which they relate. All certificates surrendered to the Company for transfer shall be cancelled and subject to the Articles no new certificate
shall be issued until the former certificate representing a like number of relevant Shares shall have been surrendered and cancelled!

6.2 The Company shall not be bound to issue more than one certificate for Shares held jointly by more than one person and delivery of
a certificate to one joint holder shall be a sufficient delivery to all of them.

6.3 If a share certificate is defaced, worn out, lost or destroyed, it may be renewed on such terms (if any) as to evidence and indemnity
and on the payment of such expenses reasonably incurred by the Company in investigating evidence, as the Directors may prescribe, and
(in the case of defacement or wearing out) upon delivery of the old certificate.

6.4 Every share certificate sent in accordance with the Articles will be sent at the risk of the Member or other person entitled to the
certificate. The Company will not be responsible for any share certificate lost or delayed in the course of delivery.

**7Transfer of Shares**

7.1 Subject to Article 3.1, Shares are transferable subject to the approval of the Directors by resolution who may, in their absolute
discretion, decline to register any transfer of Shares without giving any reason. If the Directors refuse to register a transfer they
shall notify the transferee within two months of such refusal.

7.2 The instrument of transfer of any Share shall be in writing and shall be executed by or on behalf of the transferor (and if the Directors
so require, signed by or on behalf of the transferee). The transferor shall be deemed to remain the holder of a Share until the name of
the transferee is entered in the Register of Members.

**8Redemption, Repurchase and Surrender of Shares**

8.1 Subject to the provisions of the Statute the Company may issue Shares that are to be redeemed or are liable to be redeemed at the
option of the Member or the Company. The redemption of such Shares shall be effected in such manner and upon such other terms as the Directors,
or the Company, by Ordinary Resolution, may determine before the issue of the Shares.

8.2 Subject to the provisions of the Statute, the Company may purchase its own Shares (including any redeemable Shares) in such manner
and on such other terms as the Directors may agree with the relevant Member.

8.3 The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner permitted by the Statute,
including out of capital.

8.4 The Directors may accept
the surrender for no consideration of any fully paid Share.

**9Treasury Shares**

9.1 The Directors may, prior to the purchase, redemption or surrender of any Share, determine that such Share shall be held as a Treasury
Share.

9.2 The Directors may determine to cancel a Treasury Share or transfer a Treasury Share on such terms as they think proper (including,
without limitation, for nil consideration).

**10Variation of Rights of Shares**

10.1 If at any time the share capital of the Company is divided into different classes of Shares, all or any of the rights attached to
any class (unless otherwise provided by the terms of issue of the Shares of that class) may, whether or not the Company is being wound
up, be varied without the consent of the holders of the issued Shares of that class where such variation is considered by the Directors
not to have a material adverse effect upon such rights; otherwise, any such variation shall be made only with the consent in writing of
the holders of not less than two thirds of the issued Shares of that class, or with the approval of a resolution passed by a majority
of not less than two thirds of the votes cast at a separate meeting of the holders of the Shares of that class. For the avoidance of doubt,
the Directors reserve the right, notwithstanding that any such variation may not have a material adverse effect, to obtain consent from
the holders of Shares of the relevant class. To any such meeting all the provisions of the Articles relating to general meetings shall
apply mutatis mutandis, except that the necessary quorum shall be one person holding or representing by proxy at least one third of the
issued Shares of the class and that any holder of Shares of the class present in person or by proxy may demand a poll.

10.2 For the purposes of a separate class meeting, the Directors may treat two or more or all the classes of Shares as forming one class
of Shares if the Directors consider that such class of Shares would be affected in the same way by the proposals under consideration,
but in any other case shall treat them as separate classes of Shares.

10.3 The rights conferred upon the holders of the Shares of any class issued with preferred or other rights shall not, unless otherwise
expressly provided by the terms of issue of the Shares of that dass, be deemed to be varied by the creation or issue of further Shares
ranking pari passu therewith.

**11Commission on Sale of Shares**

The Company may, in so far as the Statute permits, pay a commission to any person in consideration of that person subscribing or agreeing to subscribe (whether absolutely or conditionally) or procuring or agreeing to procure subscriptions (whether absolutely or conditionally) for any Shares. Such commissions may be satisfied by the payment of cash and/or the issue of fully or partly paid-up Shares. The Company may also on any issue of Shares pay such brokerage as may be lawful.

**12Non Recognition of Trusts**

The Company shall not be bound by or compelled to recognise in any way (even when notified) any equitable, contingent, future or partial interest in any Share, or (except only as is otherwise provided by the Articles or the Statute) any other rights in respect of any Share other than an absolute right to the entirety thereof in the holder.

**13Lien on Shares**

13.1 The Company shall have a first and paramount lien on all Shares (whether fully paid-up or not) registered in the name of a Member
(whether solely or jointiy with others) for all debts, liabilities or engagements to or with the Company (whether presently payable or
not) by such Member or their estate, either alone or jointly with any other person, whether a Member or not, but the Directors may at
any time declare any Share to be wholly or in part exempt from the provisions of this Article. The registration of a transfer of any such
Share shall operate as a waiver of the Company's lien thereon. The Company's lien on a Share shall also extend to any amount payable in
respect of that Share.

13.2 The Company may sell, in such manner as the Directors think fit, any Shares on which the Company has a lien, if a sum in respect of
which the lien exists is presently payable, and is not paid within 14 clear days after notice has been received or deemed to have been
received by the holder of the Shares, or to the person entitled to it in consequence of the death or bankruptcy of the holder, demanding
payment and stating that if the notice is not complied with the Shares may be sold.

13.3 To give effect to any such sale the Directors may authorise any person to execute an instrument of transfer of the Shares sold to,
or in accordance with the directions of, the purchaser. The purchaser or their nominee shall be registered as the holder of the Shares
comprised in any such transfer, and they shall not be bound to see to the application of the purchase money, nor shall their title to
the Shares be affected by any irregularity or invalidity in the sale or the exercise of the Company's power of sale under the Articles.

13.4 The net proceeds of such sale after payment of costs, shall be applied in payment of such part of the amount in respect of which the
lien exists as is presently payable and any balance shall (subject to a like lien for sums not presently payable as existed upon the Shares
before the sale) be paid to the person entitled to the Shares at the date of the sale.

**14Call on Shares**

14.1 Subject to the terms of the allotment and issue of any Shares, the Directors may make calls upon the Members in respect of any monies
unpaid on their Shares (whether in respect of par value or premium), and each Member shall (subject to receiving at least 14 clear days
notice specifying the time or times of payment) pay to the Company at the time or times so specified the amount called on the Shares.
A call may be revoked or postponed, in whole or in part, as the Directors may determine. A call may be required to be paid by instalments.
A person upon whom a call is made shall remain liable for calls made upon them notwithstanding the subsequent transfer of the Shares in
respect of which the call was made.

14.2 A call shall be deemed to have been made at the time when the resolution of the Directors authorising such call was passed.

14.3 The joint holders of a Share shall be jointly and severally liable to pay all calls in respect thereof.

14.4 If a call remains unpaid after it has become due and payable, the person from whom it is due shall pay interest on the amount unpaid
from the day it became due and payable until it is paid at such rate as the Directors may determine (and in addition all expenses that
have been incurred by the Company by reason of such non-payment), but the Directors may waive payment of the interest or expenses wholly
or in part.

14.5 An amount payable in respect of a Share on issue or allotment or at any fixed date, whether on account of the par value of the Share
or premium or otherwise, shall be deemed to be a call and if it is not paid all the provisions of the Articles shall apply as if that
amount had become due and payable by virtue of a call.

14.6 The Directors may issue Shares with different terms as to the amount and times of payment of calls, or the interest to be paid.

14.7 The Directors may, if they think fit, receive an amount from any Member willing to advance all or any part of the monies uncalled
and unpaid upon any Shares held by that Member, and may (until the amount would otherwise become payable) pay interest at such rate as
may be agreed upon between the Directors and the Member paying such amount in advance.

14.8 No such amount paid in advance of calls shall entitle the Member paying such amount to any portion of a Dividend or other distribution
payable in respect of any period prior to the date upon which such amount would, but for such payment, become payable.

**15Forfeiture of Shares**

15.1 If a call or instalment of a call remains unpaid after it has become due and payable the Directors may give to the person from whom
it is due not less than 14 clear days' notice requiring payment of the amount unpaid together with any interest which may have accrued
and any expenses incurred by the Company by reason of such non-payment. The notice shall specify where payment is to be made and shall
state that if the notice is not complied with the Shares in respect of which the call was made will be liable to be forfeited.

15.2 If the notice is not complied with, any Share in respect of which it was given may before the payment required by the notice has been
made, be forfeited by a resolution of the Directors. Such forfeiture shall include all Dividends, other distributions or other monies
payable in respect of the forfeited Share and not paid before the forfeiture.

15.3 A forfeited Share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the Directors think fit and
at any time before a sale, re-allotment or disposition the forfeiture may be cancelled on such terms as the Directors think fit. Where
for the purposes of its disposal a forfeited Share is to be transferred to any person the Directors may authorise some person to execute
an instrument of transfer of the Share in favour of that person.

15.4 A person any of whose Shares have been forfeited shall cease to be a Member in respect of them and shall surrender to the Company
for cancellation the certificate for the Shares forfeited and shall remain liable to pay to the Company all monies which at the date of
forfeiture were payable by that person to the Company in respect of those Shares together with interest at such rate as the Directors
may determine, but that person's liability shall cease if and when the Company shall have received payment in full of all monies due and
payable by them in respect of those Shares

15.5 A certificate in writing under the hand of one Director or officer of the Company that a Share has been forfeited on a specified date
shall be conclusive evidence of the facts stated in it as against all persons claiming to be entitled to the Share. The certificate shall
(subject to the execution of an instrument of transfer) constitute a good title to the Share and the person to whom the Share is sold
or otherwise disposed of shall not be bound to see to the application of the purchase money, if any, nor shall their title to the Share
be affected by any irregularity or invalidity in the proceedings in reference to the forfeiture, sale or disposal of the Share.

15.6 The provisions of the Articles as to forfeiture shall apply in the case of non payment of any sum which, by the terms of issue of
a Share, becomes payable at a fixed time, whether on account of the par value of the Share or by way of premium as if it had been payable
by virtue of a call duly made and notified.

**16Transmission of Shares**

16.1 If a Member dies the survivor or survivors (where they were a joint holder) or their legal personal representatives (where they were
a sole holder), shall be the only persons recognised by the Company as having any title to the deceased Member's Shares. The estate of
a deceased Member is not thereby released from any liability in respect of any Share, for which the Member was a joint or sole holder.

16.2 Any person becoming entitled to a Share in consequence of the death or bankruptcy or liquidation or dissolution of a Member (or in
any other way than by transfer) may, upon such evidence being produced as may be required by the Directors, elect, by a notice in writing
sent by that person to the Company, either to become the holder of such Share or to have some person nominated by them registered as the
holder of such Share. If they elect to have another person registered as the holder of such Share they shall sign an instrument of transfer
of that Share to that person. The Directors shall, in either case, have the same right to decline or suspend registration as they would
have had in the case of a transfer of the Share by the relevant Member before their death or bankruptcy or liquidation or dissolution,
as the case may be.

16.3 A person becoming entitled to a Share by reason of the death or bankruptcy or liquidation or dissolution of a Member (or in any other
case than by transfer) shall be entitled to the same Dividends, other distributions and other advantages to which they would be entitled
if they were the holder of such Share. However, they shall not, before becoming a Member in respect of a Share, be entitled in respect
of it to exercise any right conferred by membership in relation to general meetings of the Company and the Directors may at any time give
notice requiring any such person to elect either to be registered or to have some person nominated by them registered as the holder of
the Share (but the Directors shall, in either case, have the same right to decline or suspend registration as they would have had in the
case of a transfer of the Share by the relevant Member before their death or bankruptcy or liquidation or dissolution or any other case
than by transfer, as the case may be). If the notice is not complied with within 90 days of being received or deemed to be received (as
determined pursuant to the Articles) the Directors may thereafter withhold payment of all Dividends, other distributions, bonuses or other
monies payable in respect of the Share until the requirements of the notice have been complied with.

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| | |
|:---|:---|
| **17** | **Amendments of Memorandum and Articles of Association and Alteration of Capital** |

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17.1The Company may by Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase its share capital by such sum as the Ordinary Resolution shall prescribe and with such rights, priorities and privileges
annexed thereto, as the Company in general meeting may determine;

(b) consolidate and divide all or any of its share capital into Shares of larger amount than its existing Shares;

(c) convert all or any of its paid-up Shares into stock, and reconvert that stock into paid-up Shares of any denomination;

(d) by subdivision of its existing Shares or any of them divide the whole or any part of its share capital into Shares of smaller amount
than is fixed by the Memorandum or into Shares without par value; and

(e) cancel any Shares that at the date of the passing of the Ordinary Resolution have not been taken or agreed to be taken by any person
and diminish the amount of its share capital by the amount of the Shares so cancelled.

17.2 All new Shares created in accordance with the provisions of the preceding Article shall be subject to the same provisions of the Articles
with reference to the payment of calls, liens, transfer, transmission, forfeiture and otherwise as the Shares in the original share capital.

17.3 Subject to the provisions of the Statute and the provisions of the Articles as regards the matters to be dealt with by Ordinary Resolution,
the Company may by Special Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change its name;

(b) alter or add to the Articles;

(c) alter or add to the Memorandum with respect to any objects, powers or other matters;

(d) specified therein; and

(e) reduce its share capital or any capital redemption reserve fund.

**18 Offices and Places of Business**

Subject to the provisions of the Statute, the Company may by resolution of the Directors change the location of its Registered Office. The Company may, in addition to its Registered Office, maintain such other offices or places of business as the Directors determine.

**19 General Meetings**

19.1 All general meetings other than annual general meetings shall be called extraordinary general meetings.

19.2 The Company may, but shall not (unless required by the Statute) be obliged to, in each year hold a general meeting as its annual general
meeting, and shall specify the meeting as such in the notices calling it. Any annual general meeting shall be held at such time and place
as the Directors shall appoint and if no other time and place is prescribed by them, it shall be held at the Registered Office on the
second Wednesday in December of each year at ten o'clock in the morning. At these meetings the report of the Directors (if any) shall
be presented.

19.3 The Directors may call general meetings, and they shall on a Members' requisition forthwith proceed to convene an extraordinary general
meeting of the Company.

19.4 A Members' requisition is a requisition of Members holding at the date of deposit of the requisition not less than 10% in par value
of the issued Shares which as at that date carry the right to vote at general meetings of the Company.

19.5 The Members' requisition must state the objects of the meeting and must be signed by the requisitionists and deposited at the Registered
Office, and may consist of several documents in like form each signed by one or more requisitionists.

19.6 If there are no Directors as at the date of the deposit of the Members requisition or if the Directors do not within 21 days from
the date of the deposit of the Members' requisition duly proceed to convene a general meeting to be held within a further 21 days, the
requisitionists, or any of them representing more than one-half of the total voting rights of all of the requisitionists, may themselves
convene a general meeting, but any meeting so convened shall be held no later than the day which falls three months after the expiration
of the said 21 day period.

19.7 A general meeting convened as aforesaid by requisitionists shall be convened in the same manner as nearly as possible as that in which
general meetings are to be convened by Directors.

**20Notice of General Meetings**

20.1 At least five clear days' notice shall be given of any general meeting. Every notice shall specify the place, the day and the hour
of the meeting and the general nature of the business to be conducted at the general meeting and shall be given in the manner hereinafter
mentioned or in such other manner if any as may be prescribed by the Company, provided that a general meeting of the Company shall, whether
or not the notice specified in this Article has been given and whether or not the provisions of the Articles regarding general meetings
have been complied with, be deemed to have been duly convened if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the case of an annual general meeting, by all of the Members entitled to attend and vote at the meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an extraordinary general meeting, by a majority in number of the Members having a right to attend and vote at the meeting,
together holding not less than 95% in par value of the Shares giving that right.

20.2 The accidental omission to give notice of a general meeting to, or the non receipt of notice of a general meeting by. any person entitled
to receive such notice shall not invalidate the proceedings of that general meeting.

**21 Proceedings at General Meetings**

21.1 No business shall be transacted at any general meeting unless a quorum is present. Two Members being individuals present in person
or by proxy or if a corporation or other non-natural person by its duly authorised representative or proxy shall be a quorum unless the
Company has only one Member entitled to vote at such general meeting in which case the quorum shall be that one Member present in person
or by proxy or (in the case of a corporation or other non-natural person) by its duly authorised representative or proxy.

21.2 A person may participate at a general meeting by conference telephone or other communications equipment by means of which all the
persons participating in the meeting can communicate with each other. Participation by a person in a general meeting in this manner is
treated as presence in person at that meeting.

21.3 A resolution (including a Special Resolution) in writing (in one or more counterparts) signed by or on behalf of all of the Members
for the time being entitled to receive notice of and to attend and vote at general meetings (or, being corporations or other non-natural
persons, signed by their duly authorised representatives) shall be as valid and effective as if the resolution had been passed at a general
meeting of the Company duly convened and held.

21.4 If a quorum is not present within half an hour from the time appointed for the meeting to commence or if during such a meeting a quorum
ceases to be present, the meeting if convened upon a Members' requisition, shall be dissolved and in any other case it shall stand adjourned
to the same day in the next week at the same time and/or place or to such other day time and/or place as the Directors may determine,
and if at the adjourned meeting a quorum is not present within half an hour from the time appointed for the meeting to commence, the Members
present shall be a quorum.

21.5 The Directors may, at any time prior to the time appointed for the meeting to commence, appoint any person to act as chairperson of
a general meeting of the Company or, if the Directors do not make any such appointment, the chairperson, if any, of the board of Directors
shall preside as chairperson at such general meeting. If there is no such chairperson, or if the chairperson shall not be present within
15 minutes after the time appointed for the meeting to commence, or is unwilling to act, the Directors present shall elect one of their
number to be chairperson of the meeting.

21.6 If no Director is willing to act as chairperson or if no Director is present within 15 minutes after the time appointed for the meeting
to commence, the Members present shall choose one of their number to be chairperson of the meeting.

21.7 The chairperson may, with the consent of a meeting at which a quorum is present (and shall if so directed by the meeting) adjourn
the meeting from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business
left unfinished at the meeting from which the adjournment took place.

21.8 When a general meeting is adjourned for 30 days or more, notice of the adjourned meeting shall be given as in the case of an original
meeting. Otherwise it shall not be necessary to give any such notice of an adjourned meeting.

21.9 A resolution put to the vote of the meeting shall be decided on a show of hands unless before, or on the declaration of the result
of, the show of hands, the chairperson demands a poll, or any other Member or Members collectively present in person or by proxy (or in
the case of a corporation or other non-natural person, by its duly authorised representative or proxy) and holding at least 10% in par
value of the Shares giving a right to attend and vote at the meeting demand a poll.

21.10 Unless a poll is duly demanded and the demand is not withdrawn a declaration by the chairperson that a resolution has been carried
or carried unanimously, or by a particular majority or lost or not carried by a particular majority, an entry to that effect in the minutes
of the proceedings of the meeting shall be conclusive evidence of that fact without proof of the number or proportion of the votes recorded
in favour of or against such resolution.

21.11 The demand for a poll
may be withdrawn.

21.12 Except on a poll demanded on the election of a chairperson or on a question of adjournment a poll shall be taken as the chairperson
directs, and the result of the poll shall be deemed to be the resolution of the general meeting at which the poll was demanded.

21.13 A poll demanded on the election of a chairperson or on a question of adjournment shall be taken forthwith. A poll demanded on any
other question shall be taken at such date, time and place as the chairperson of the general meeting directs, and any business other than
that upon which a poll has been demanded or is contingent thereon may proceed pending the taking of the poll

21.14 In the case of an equality of votes, whether on a show of hands or on a poll, the chairperson shall be entitled to a second or casting
vote

**22Votes of Members**

22.1 Subject to any rights or restrictions attached to any Shares, on a show of hands every Member who (being an individual) is present
in person or by proxy or, if a corporation or other non-natural person is present by its duly authorised representative or by proxy, shall
have one vote and on a poll every Member present in any such manner shall have one vote for every Share of which they are the holder.

22.2 In the case of joint holders the vote of the senior holder who tenders a vote, whether in person or by proxy (or, in the case of a
corporation or other non-natural person, by its duly authorized representative or proxy), shall be accepted to the exclusion of the votes
of the other joint holders, and seniority shall be determined by the order in which the names of the holders stand in the Register of
Members.

22.3 A Member of unsound mind, or in respect of whom an order has been made by any court, having jurisdiction in lunacy, may vote, whether
on a show of hands or on a poll, by their committee, receiver, curator bonis, or other person on such Member's behalf appointed by that
court, and any such committee, receiver, curator bonis or other person may vote by proxy.

22.4 No person shall be entitled to vote at any general meeting unless they are registered as a Member on the record date for such meeting
nor unless all calls or other monies then payable by them in respect of Shares have been paid.

22.5 No objection shall be raised as to the qualification of any voter except at the general meeting or adjourned general meeting at which
the vote objected to is given or tendered and every vote not disallowed at the meeting shall be valid. Any objection made in due time
in accordance with this Article shall be referred to the chairperson whose decision shall be final and conclusive.

22.6 On a poll or on a show of hands votes may be cast either personally or by proxy (or in the case of a corporation or other non-natural
person by its duly authorised representative or proxy). A Member may appoint more than one proxy or the same proxy under one or more instruments
to attend and vote at a meeting. Where a Member appoints more than one proxy the instrument of proxy shall state which proxy is entitled
to vote on a show of hands and shall specify the number of Shares in respect of which each proxy is entitled to exercise the related votes.

22.7 On a poll, a Member holding more than one Share need not cast the votes in respect of their Shares in the same way on any resolution
and therefore may vote a Share or some or all such Shares either for or against a resolution and/or abstain from voting a Share or some
or all of the Shares and, subject to the terms of the instrument appointing the proxy, a proxy appointed under one or more instruments
may vote a Share or some or all of the Shares in respect of which they are appointed either for or against a resolution and/or abstain
from voting a Share or some or all of the Shares in respect of which they are appointed.

**23 Proxies**

23.1 The instrument appointing a proxy shall be in writing and shall be executed under the hand of the appointor or of their attorney duly
authorised in writing, or, if the appointor is a corporation or other non natural person, under the hand of its duly authorised representative.
A proxy need not be a Member.

23.2 The Directors may, in the notice convening any meeting or adjourned meeting, or in an instrument of proxy sent out by the Company,
specify the manner by which the instrument appointing a proxy shall be deposited and the place and the time (being not later than the
time appointed for the commencement of the meeting or adjourned meeting to which the proxy relates) at which the instrument appointing
a proxy shall be deposited. In the absence of any such direction from the Directors in the notice convening any meeting or adjourned meeting
or in an instrument of proxy sent out by the Company, the instrument appointing a proxy shall be deposited physically at the Registered
Office not less than 48 hours before the time appointed for the meeting or adjourned meeting to commence at which the person named in
the instrument proposes to vote.

23.3 The chairperson may in any event at their discretion declare that an instrument of proxy shall be deemed to have been duly deposited.
An instrument of proxy that is not deposited in the manner permitted, or which has not been declared to have been duly deposited by the
chairperson, shall be invalid.

23.4 The instrument appointing a proxy may be in any usual or common form (or such other form as the Directors may approve) and may be
expressed to be for a particular meeting or any adjournment thereof or generally until revoked. An instrument appointing a proxy shall
be deemed to include the power to demand or join or concur in demanding a poll.

23.5 Votes given in accordance with the terms of an instrument of proxy shall be valid notwithstanding the previous death or insanity of
the principal or revocation of the proxy or of the authority under which the proxy was executed, or the transfer of the Share in respect
of which the proxy is given unless notice in writing of such death, insanity, revocation or transfer was received by the Company at the
Registered Office before the commencement of the general meeting. Or adjourned meeting at which it is sought to use the proxy

**24 Corporate Members**

Any corporation or other non-natural person which is a Member may in accordance with its constitutional documents, or in the absence of such provision by resolution of its directors or other governing body, authorise such person as it thinks fit to act as its representative at any meeting of the Company or of any class of Members, and the person so authorised shall be entitled to exercise the same powers on behalf of the corporation which they represent as the corporation could exercise if it were an individual Member.

**25Shares that May Not be Voted**

Shares in the Company that are beneficially owned by the Company shall not be voted, directly or indirectly, at any meeting and shall not be counted in determining the total number of outstanding Shares at any given time.

**26Directors**

There shall be a board of Directors consisting of not less than one person (exclusive of alternate Directors) provided however that the Company may by Ordinary Resolution increase or reduce the limits in the number of Directors. The first Directors of the Company may be determined in writing by, or appointed by a resolution of, the Subscriber.

**27Powers of Directors**

27.1 Subject to the provisions of the Statute, the Memorandum and the Articles and to any directions given by Special Resolution, the business
of the Company shall be managed by the Directors who may exercise all the powers of the Company. No alteration of the Memorandum or Articles
and no such direction shall invalidate any prior act of the Directors which would have been valid if that alteration had not been made
or that direction had not been given. A duly convened meeting of Directors at which a quorum is present may exercise all powers exercisable
by the Directors.

27.2 All cheques, promissory notes, drafts, bills of exchange and other negotiable or transferable instruments and all receipts for monies
paid to the Company shall be signed, drawn, accepted, endorsed or otherwise executed as the case may be in such manner as the Directors
shall determine by resolution.

27.3 The Directors on behalf of the Company may pay a gratuity or pension or allowance on retirement to any Director who has held any other
salaried office or place of profit with the Company or to their surviving spouse, civil partner or dependants and may make contributions
to any fund and pay premiums for the purchase or provision of any such gratuity, pension or allowance

27.4 The Directors may exercise all the powers of the Company to borrow money and to mortgage or charge its undertaking, property and assets
(present and future) and uncalled capital or any part thereof and to issue debentures, debenture stock, mortgages, bonds and other such
securities whether outright or as security for any debt, liability or obligation of the Company or of any third party

**28Appointment and Removal of Directors**

28.1 The Company may by Ordinary Resolution appoint any person to be a Director or may by Ordinary Resolution remove any Director.

28.2 The Directors may appoint any person to be a Director, either to fill a vacancy or as an additional Director provided that the appointment
does not cause the number of Directors to exceed any number fixed by or in accordance with the Articles as the maximum number of Directors.

**29Vacation of Office of Director**

The office of a Director shall be vacated if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Director gives notice in writing to the Company that they resign the office of Director; or

(b) the Director is absent (for the avoidance of doubt, without being represented by proxy or an alternate Director appointed by them)
from three consecutive meetings of the board of Directors without special leave of absence from the Directors, and the Directors pass
a resolution that they have by reason of such absence vacated office; or

(c) the Director dies, becomes bankrupt or makes any arrangement or composition with their creditors generally; or

(d) the Director is found to be or becomes of unsound mind, or

(e) all of the other Directors (being not less than two in number) determine that the Director should be removed as a Director, either
by a resolution passed by all of the other Directors at a meeting of the Directors duly convened and held in accordance with the Articles
or by a resolution in writing signed by all of the other Directors.

**30 Proceedings of Directors**

30.1 The quorum for the transaction of the business of the Directors may be fixed by the Directors, and unless so fixed shall be two if
there are two or more Directors, and shall be one if there is only one Director. A person who holds office as an alternate Director shall,
if their appointor is not present, be counted in the quorum. A Director who also acts as an alternate Director shall, if their appointor
is not present, count twice towards the quorum.

30.2 Subject to the provisions of the Articles, the Directors may regulate their proceedings as they think fit. Questions arising at any
meeting shall be decided by a majority of votes. In the case of an equality of votes, the chairperson shall have a second or casting vote.
A Director who is also an alternate Director shall be entitled in the absence of their appointor to a separate vote on behalf of their
appointor in addition to their own vote.

30.3 A person may participate in a meeting of the Directors or any committee of Directors by conference telephone or other communications
equipment by means of which all the persons participating in the meeting can communicate with each other at the same time. Participation
by a person in a meeting in this manner is treated as presence in person at that meeting. Unless otherwise determined by the Directors
the meeting shall be deemed to be held at the place where the chairperson is located at the start of the meeting.

30.4 A resolution in writing (in one or more counterparts) signed by all the Directors or all the members of a committee of the Directors
or, in the case of a resolution in writing relating to the removal of any Director or the vacation of office by any Director, all of the
Directors other than the Director who is the subject of such resolution (an alternate Director being entitled to sign such a resolution
on behalf of their appointor and if such alternate Director is also a Director, being entitled to sign such resolution both on behalf
of their appointor and in their capacity as a Director) shall be as valid and effectual as if it had been passed at a meeting of the Directors,
or committee of Directors as the case may be, duly convened and held.

30.5 A Director or alternate Director may, or other officer of the Company on the direction of a Director or alternate Director shall,
call a meeting of the Directors by at least two days' notice in writing to every Director and alternate Director which notice shall set
forth the general nature of the business to be considered unless notice is waived by all the Directors (or their alternates) either at,
before or after the meeting is held. To any such notice of a meeting of the Directors all the provisions of the Articles relating to the
giving of notices by the Company to the Members shall apply mutatis mutandis.

30.6 The continuing Directors (or a sole continuing Director, as the case may be) may act notwithstanding any vacancy in their body, but
if and so long as their number is reduced below the number fixed by or pursuant to the Articles as the necessary quorum of Directors the
continuing Directors or Director may act for the purpose of increasing the number of Directors to be equal to such fixed number, or of
summoning a general meeting of the Company, but for no other purpose.

30.7 The Directors may elect a chairperson of their board and determine the period for which they are to hold office; but if no such chairperson
is elected, or if at any meeting the chairperson is not present within five minutes after the time appointed for the meeting to commence,
the Directors present may choose one of their number to be chairperson of the meeting.

30.8 All acts done by any meeting of the Directors or of a committee of the Directors (including any person acting as an alternate Director)
shall, notwithstanding that it is afterwards discovered that there was some defect in the appointment of any Director or alternate Director,
and/or that they or any of them were disqualified, and/or had vacated their office and/or were not entitled to vote be as valid as if
every such person had been duly appointed and/or not disqualified to be a Director or alternate Director and/or had not vacated their
office and/or had been entitled to vote as the case may be.

30.9 A Director but not an alternate Director may be represented at any meetings of the board of Directors by a proxy appointed in writing
by that Director. The proxy shall count towards the quorum and the vote of the proxy shall for all purposes be deemed to be that of the
appointing Director.

**31Presumption of Assent**

A Director or alternate Director who is present at a meeting of the board of Directors at which action on any Company matter is taken shall be presumed to have assented to the action taken unless their dissent shall be entered in the minutes of the meeting or unless they shall file their written dissent from such action with the person acting as the chairperson or secretary of the meeting before the adjournment thereof or shall forward such dissent by registered post to such person immediately after the adjournment of the meeting. Such right to dissent shall not apply to a Director or alternate Director who voted in favour of such action.

**32Directors' Interests**

32.1 A Director or alternate Director may hold any other office or place of profit under the Company (other than the office of Auditor)
in conjunction with their office of Director for such period and on such terms as to remuneration and otherwise as the Directors may determine.

32.2 A Director or alternate Director may act on their own or by, through or on behalf of their firm in a professional capacity for the
Company and they or their firm shall be entitled to remuneration for professional services as if they were not a Director or alternate
Director.

32.3 A Director or alternate Director may be or become a director or other officer of or otherwise interested in any company promoted by
the Company or in which the Company may be interested as a shareholder, a contracting party or otherwise, and no such Director or alternate
Director shall be accountable to the Company for any remuneration or other benefits received by them as a director or officer of, or from
their interest in, such other company.

32.4 No person shall be disqualified from the office of Director or alternate Director or prevented by such office from contracting with
the Company, either as vendor, purchaser or otherwise, nor shall any such contract or any contract or transaction entered into by or on
behalf of the Company in which any Director or alternate Director shall be in any way interested be or be liable to be avoided, nor shall
any Director or alternate Director so contracting or being so interested be liable to account to the Company for any profit realised by
or arising in connection with any such contract or transaction by reason of such Director or alternate Director holding office or of the
fiduciary relationship thereby established. A Director (or their alternate Director in their absence) shall be at liberty to vote in respect
of any contract or transaction in which they are interested provided that the nature of the interest of any Director or alternate Director
in any such contract or transaction shall be disclosed by them at or prior to its consideration and any vote thereon.

32.5 A general notice that a Director or alternate Director is a shareholder, director. officer or employee of any specified firm or company
and is to be regarded as interested in any transaction with such firm or company shall be sufficient disclosure for the purposes of voting
on a resolution in respect of a contract or transaction in which they have an interest, and after such general notice it shall not be
necessary to give special notice relating to any particular transaction.

**33Minutes**

The Directors shall cause minutes to be made in books kept for the purpose of recording all appointments of officers made by the Directors, all proceedings at meetings of the Company or the holders of any class of Shares and of the Directors, and of committees of the Directors including the names of the Directors or alternate Directors present at each meeting.

**34Delegation of Directors' Powers**

34.1 The Directors may delegate any of their powers, authorities and discretions, including the power to sub-delegate, to any committee
consisting of one or more Directors. They may also delegate to any managing director or any Director holding any other executive office
such of their powers, authorities and discretions as they consider desirable to be exercised by that Director, provided that an alternate
Director may not act as managing director and the appointment of a managing director shall be revoked forthwith if they cease to be a
Director. Any such delegation may be made subject to any conditions the Directors may impose and either collaterally with or to the exclusion
of their own powers and any such delegation may be revoked or altered by the Directors.

34.2 Subject to any such conditions, the proceedings of a committee of Directors shall be governed by the Articles regulating the proceedings
of Directors, so far as they are capable of applying.

34.3 The Directors may establish any committees, local boards or agencies or appoint any person to be a manager or agent for managing the
affairs of the Company and may appoint any person to be a member of such committees, local boards or agencies. Any such appointment may
be made subject to any conditions the Directors may impose, and either collaterally with or to the exclusion of their own powers and any
such appointment may be revoked or altered by the Directors. Subject to any such conditions, the proceedings of any such committee, local
board or agency shall be governed by the Articles regulating the proceedings of Directors, so far as they are capable of applying.

34.4 The Directors may by power of attorney or otherwise appoint any person to be the agent of the Company on such conditions as the Directors
may determine, provided that the delegation is not to the exclusion of their own powers and may be revoked by the Directors at any time.

34.5 The Directors may by power of attorney or otherwise appoint any company, firm, person or body of persons, whether nominated directly
or indirectly by the Directors, to be the attorney or authorised signatory of the Company for such purpose and with such powers, authorities
and discretions (not exceeding those vested in or exercisable by the Directors under the Articles) and for such period and subject to
such conditions as they may think fit, and any such powers of attorney or other appointment may contain such provisions for the protection
and convenience of persons dealing with any such attorneys or authorised signatories as the Directors may think fit and may also authorise
any such attorney or authorised signatory to delegate all or any of the powers, authorities and discretions vested in them.

34.6 The Directors may appoint such officers of the Company (including, for the avoidance of doubt and without limitation, any secretary)
as they consider necessary on such terms, at such remuneration and to perform such duties, and subject to such provisions as to disqualification
and removal as the Directors may think fit. Unless otherwise specified in the terms of their appointment an officer of the Company may
be removed by resolution of the Directors or Members. An officer of the Company may vacate their office at any time if they give notice
in writing to the Company that they resign their office

**35Alternate Directors**

35.1 Any Director (but not an alternate Director) may by writing appoint any other Director, or any other person willing to act, to be
an alternate Director and by writing may remove from office an alternate Director so appointed by them.

35.2 An alternate Director shall be entitled to receive notice of all meetings of Directors and of all meetings of committees of Directors
of which their appointor is a member, to attend and vote at every such meeting at which the Director appointing them is not personally
present, to sign any written resolution of the Directors, and generally to perform all the functions of their appointor as a Director
in their absence.

35.3 An alternate Director shall cease to be an alternate Director if their appointor ceases to be a Director.

35.4 Any appointment or removal of an alternate Director shall be by notice to the Company signed by the Director making or revoking the
appointment or in any other manner approved by the Directors.

35.5 Subject to the provisions of the Articles, an alternate Director shall be deemed for all purposes to be a Director and shall alone
be responsible for their own acts and defaults and shall not be deemed to be the agent of the Director appointing them.

**36No Minimum Shareholding**

The Company in general meeting may fix a minimum shareholding required to be held by a Director, but unless and until such a shareholding qualification is fixed a Director is not required to hold Shares.

**37Remuneration of Directors**

37.1 The remuneration to be paid to the Directors, if any, shall be such remuneration as the Directors shall determine. The Directors shall
also be entitled to be paid all travelling. hotel and other expenses properly incurred by them in connection with their attendance at
meetings of Directors or committees of Directors, or general meetings of the Company. or separate meetings of the holders of any dass
of Shares or debentures of the Company, or otherwise in connection with the business of the Company or the discharge of their duties as
a Director, or to receive a fixed allowance in respect thereof as may be determined by the Directors, or a combination partly of one such
method and partly the other.

37.2 The Directors may by resolution approve additional remuneration to any Director for any services which in the opinion of the Directors
go beyond that Director's ordinary routine work as a Director. Any fees paid to a Director who is also counsel, attorney or solicitor
to the Company, or otherwise serves it in a professional capacity shall be in addition to their remuneration as a Director.

**38Seal**

38.1 The Company may, if the Directors so determine, have a Seal. The Seal shall only be used by the authority of the Directors or of a
committee of the Directors authorised by the Directors. Every instrument to which the Seal has been affixed shall be signed by at least
one person who shall be either a Director or some officer of the Company or other person appointed by the Directors for the purpose.

38.2 The Company may have for use in any place or places outside the Cayman Islands a duplicate Seal or Seals each of which shall be a
facsimile of the common Seal of the Company and, if the Directors so determine, with the addition on its face of the name of every place
where it is to be used.

38.3 A Director or officer, representative or attorney of the Company may without further authority of the Directors affix the Seal over
their signature alone to any document of the Company required to be authenticated by them under seal or to be filed with the Registrar
of Companies in the Cayman Islands or elsewhere wheresoever.

**39Dividends, Distributions and Reserve**

39.1 Subject to the Statute and this Article and except as otherwise provided by the rights attached to any Shares, the Directors may resolve
to pay Dividends and other distributions on Shares in issue and authorise payment of the Dividends or other distributions out of the funds
of the Company lawfully available therefor. A Dividend shall be deemed to be an interim Dividend unless the terms of the resolution pursuant
to which the Directors resolve to pay such Dividend specifically state that such Dividend shall be a final Dividend. No Dividend or other
distribution shall be paid except out of the realised or unrealised profits of the Company, out of the share premium account or as otherwise
permitted by law.

39.2 Except as otherwise provided by the rights attached to any Shares, all Dividends and other distributions shall be paid according to
the par value of the Shares that a Member holds. If any Share is issued on terms providing that it shall rank for Dividend as from a particular
date, that Share shall rank for Dividend accordingly

39.3 The Directors may deduct from any Dividend or other distribution payable to any Member all sums of money (if any) then payable by
the Member to the Company on account of calls or otherwise.

39.4 The Directors may resoive that any Dividend or other distribution be paid wholly or partly by the distribution of specific assets
and in particular (but without limitation) by the distribution of shares debentures, or securities of any other company or in any one
or more of such ways and where any difficulty arises in regard to such distribution, the Directors may settle the same as they think expedient
and in particular may issue fractional Shares and may fix the value for distribution of such specific assets or any part thereof and may
determine that cash payments shall be made to any Members upon the basis of the value so fixed in order to adjust the rights of all Members
and may vest any such specific assets in trustees in such manner as may seem expedient to the Directors.

39.5 Except as otherwise provided by the rights attached to any Shares, Dividends and other distributions may be paid in any currency.
The Directors may determine the basis of conversion for any currency conversions that may be required and how any costs involved are to
be met.

39.6 The Directors may, before resolving to pay any Dividend or other distribution, set aside such sums as they think proper as a reserve
or reserves which shall, at the discretion of the Directors, be applicable for any purpose of the Company and pending such application
may, at the discretion of the Directors, be employed in the business of the Company.

39.7 Any Dividend, other distribution, interest or other monies payable in cash in respect of Shares may be paid by wire transfer to the
holder or by cheque or warrant sent through the post directed to the registered address of the holder or, in the case of joint holders,
to the registered address of the holder who is first named on the Register of Members or to such person and to such address as such holder
or joint holders may in writing direct. Every such cheque or warrant shall be made payable to the order of the person to whom it is sent.
Any one of two or more joint holders may give effectual receipts for any Dividends, other distributions, bonuses, or other monies payable
in respect of the Share held by them as joint holders.

39.8 No Dividend or other
distribution shall bear interest against the Company

39.9 Any Dividend or other distribution which cannot be paid to a Member and/or which remains unclaimed after six months from the date
on which such Dividend or other distribution becomes payable may, in the discretion of the Directors, be paid into a separate account
in the Company's name, provided that the Company shall not be constituted as a trustee in respect of that account and the Dividend or
other distribution shall remain as a debt due to the Member. Any Dividend or other distribution which remains unclaimed after a period
of six years from the date on which such Dividend or other distribution becomes payable shall be forfeited and shall revert to the Company.

**40Capitalisation**

The Directors may at any time capitalise any sum standing to the credit of any of the Company's reserve accounts or funds (including the share premium account and capital redemption reserve fund) or any sum standing to the credit of the profit and loss account or otherwise available for distribution; appropriate such sum to Members in the proportions in which such sum would have been divisible amongst such Members had the same been a distribution of profits by way of Dividend or other distribution; and apply such sum on their behalf in paying up in full unissued Shares for allotment and distribution credited as fully paid-up to and amongst them in the proportion aforesaid. In such event the Directors shall do all acts and things required to give effect to such capitalisation, with full power given to the Directors to make such provisions as they think fit in the case of Shares becoming distributable in fractions (including provisions whereby the benefit of fractional entitlements accrue to the Company rather than to the Members concerned). The Directors may authorise any person to enter on behalf of all of the Members interested into an agreement with the Company providing for such capitalisation and matters incidental or relating thereto and any agreement made under such authority shall be effective and binding on all such Members and the Company.

**41Books of Account**

41.1 The Directors shall cause proper books of account (including, where applicable, material underlying documentation including contracts
and invoices) to be kept with respect to all sums of money received and expended by the Company and the matters in respect of which the
receipt or expenditure takes place, all sales and purchases of goods by the Company and the assets and liabilities of the Company. Such
books of account must be retained for a minimum period of five years from the date on which they are prepared. Proper books shall not
be deemed to be kept if there are not kept such books of account as are necessary to give a true and fair view of the state of the Company's
affairs and to explain its transactions.

41.2 The Directors shall determine whether and to what extent and at what times and places and under what conditions or regulations the
accounts and books of the Company or any of them shall be open to the inspection of Members not being Directors and no Member (not being
a Director) shall have any right of inspecting any account or book or document of the Company except as conferred by Statute or authorised
by the Directors or by the Company in general meeting.

41.3 The Directors may cause to be prepared and to be laid before the Company in general meeting profit and loss accounts, balance sheets,
group accounts (if any) and such other reports and accounts as may be required by law.

**42Audit**

42.1 The Directors may appoint an Auditor of the Company who shall hold office on such terms as the Directors determine.

42.2 Every Auditor of the Company shall have a right of access at all times to the books and accounts and vouchers of the Company and shall
be entitled to require from the Directors and officers of the Company such information and explanation as may be necessary for the performance
of the duties of the Auditor

42.3 Auditors shall, if so required by the Directors, make a report on the accounts of the Company during their tenure of office at the
next annual general meeting following their appointment in the case of a company which is registered with the Registrar of Companies as
an ordinary company and at the next extraordinary general meeting following their appointment in the case of a company which is registered
with the Registrar of Companies as an exempted company, and at any other time during their term of office, upon request of the Directors
or any general meeting of the Members.

**43Notices**

43.1 Notices shall be in writing and may be given by the Company to any Member either personally or by sending it by courier, post, telex,
fax or em ail to such Member or to such Member's address as shown in the Register of Members (or where the notice is given by email by
sending it to the email address provided by such Member). Any notice, if posted from one country to another, is to be sent by airmail.

43.2 Where a notice is sent by courier, service of the notice shall be deemed to be effected by delivery of the notice to a courier company,
and shall be deemed to have been received on the third day (not including Saturdays or Sundays or public holidays) following the day on
which the notice was delivered to the courier. Where a notice is sent by post, service of the notice shall be deemed to be effected by
properly addressing, pre paying and posting a letter containing the notice, and shall be deemed to have been received on the fifth day
(not including Saturdays or Sundays or public holidays in the Cayman Islands) following the day on which the notice was posted. Where
a notice is sent by telex or fax, service of the notice shall be deemed to be effected by properly addressing and sending such notice
and shall be deemed to have been received on the same day that it was transmitted. Where a notice is given by email service shall be deemed
to be effected by transmitting the email to the email address provided by the intended recipient and shall be deemed to have been received
on the same day that it was sent, and it shall not be necessary for the receipt of the email to be acknowledged by the recipient.

43.3 A notice may be given by the Company to the person or persons which the Company has been advised are entitled to a Share or Shares
in consequence of the death or bankruptcy of a Member in the same manner as other notices which are required to be given under the Articles
and shall be addressed to them by name, or by the title of representatives of the deceased, or trustee of the bankrupt, or by any like
description at the address supplied for that purpose by the persons claiming to be so entitled, or at the option of the Company by giving
the notice in any manner in which the same might have been given if the death or bankruptcy had not occurred.

43.4 Notice of every general meeting shall be given in any manner authorised by the Articles to every holder of Shares carrying an entitlement
to receive such notice on the record date for such meeting except that in the case of joint holders the notice shall be sufficient if
given to the joint holder first named in the Register of Members and every person upon whom the ownership of a Share devolves because
they are a legal personal representative or a trustee in bankruptcy of a Member where the Member but for their death or bankruptcy would
be entitled to receive notice of the meeting, and no other person shall be entitled to receive notices of general meetings.

**44Winding Up**

44.1 If the Company shall be wound up the liquidator shall apply the assets of the Company in satisfaction of creditors' claims in such
manner and order as such liquidator thinks fit. Subject to the rights attaching to any Shares, in a winding up:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the assets available for distribution amongst the Members shall be insufficient to repay the whole of the Company's issued share
capital, such assets shall be distributed so that, as nearly as may be, the losses shall be borne by the Members in proportion to the
par value of the Shares held by them; or

(b) if the assets available for distribution amongst the Members shall be more than sufficient to repay the whole of the Company's issued
share capital at the commencement of the winding up, the surplus shall be distributed amongst the Members in proportion to the par value
of the Shares held by them at the commencement of the winding up subject to a deduction from those Shares in respect of which there are
monies due, of all monies payable to the Company for unpaid calls or otherwise.

44.2 If the Company shall be wound up the liquidator may, subject to the rights attaching to any Shares and with the approval of a Special
Resolution of the Company and any other approval required by the Statute, divide amongst the Members in kind the whole or any part of
the assets of the Company (whether such assets shall consist of property of the same kind or not) and may for that purpose value any assets
and determine how the division shall be carried out as between the Members or different classes of Members. The liquidator may, with the
like approval, vest the whole or any part of such assets in trustees upon such trusts for the benefit of the Members as the liquidator,
with the like approval, shall think fit, but so that no Member shall be compelled to accept any asset upon which there is a liability.

**45Indemnity and Insurance**

45.1 Every Director and officer of the Company (which for the avoidance of doubt, shall not include auditors of the Company), together
with every former Director and former officer of the Company (each an "Indemnified Person") shall be indemnified out of the
assets of the Company against any liability, action, proceeding, claim, demand, costs, damages or expenses, including legal expenses,
whatsoever which they or any of them may incur as a result of any act or failure to act in carrying out their functions other than such
liability (if any) that they may incur by reason of their own actual fraud or willful default. No Indemnified Person shall be liable to
the Company for any loss or damage incurred by the Company as a result (whether direct or indirect) of the carrying out of their functions
unless that liability arises through the actual fraud or willful default of such Indemnified Person. No person shall be found to have
committed actual fraud or willful default under this Article unless or until a court of competent jurisdiction shall have made a finding
to that effect.

45.2 The Company shall advance to each Indemnified Person reasonable attorneys' fees and other costs and expenses incurred in connection
with the defence of any action. suit. proceeding or investigation involving such Indemnified Person for which indemnity will or could
be sought. In connection with any advance of any expenses hereunder, the Indemnified Person shall execute an undertaking to repay the
advanced amount to the Company if it shall be determined by final judgment or other final adjudication that such Indemnified Person was
not entitled to indemnification pursuant to this Article. If it shall be determined by a final judgment or other final adjudication that
such Indemnified Person was not entitled to indemnification with respect to such judgment, costs or expenses, then such party shall not
be indemnified with respect to such judgment, costs or expenses and any advancement shall be returned to the Company (without interest)
by the Indemnified Person.

45.3 The Directors, on behalf of the Company, may purchase and maintain insurance for the benefit of any Director or other officer of the
Company against any liability which, by virtue of any rule of law, would otherwise attach to such person in respect of any negligence,
default, breach of duty or breach of trust of which such person may be guilty in relation to the Company.

**46Financial Year**

Unless the Directors otherwise prescribe, the financial year of the Company shall end on 31<sup>st</sup> December in each year and, following the year of incorporation, shall begin on 1st January in each year.

**47Transfer by Way of Continuation**

If the Company is exempted as defined in the Statute, it shall, subject to the provisions of the Statute and with the approval of a Special Resolution, have the power to register by way of continuation as a body corporate under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands.

**48Mergers and Consolidations**

The Company shall have the power to merge or consolidate with one or more other constituent companies (as defined in the Statute) upon such terms as the Directors may determine and (to the extent required by the Statute) with the approval of a Special Resolution.

Dated this 14th day of October 2025.

Anchor Corporate Services Limited, Subscriber

of PO Box 1801, 4<sup>th</sup> Floor, 13 Genesis Close, Grand Cayman, KY1-1109, Cayman Islands

acting by:

<u>/s/ Jon Barratt</u>

Jon Barratt

Director

<u>/s/ Charlotte Bailey</u>

Charlotte Bailey

Director

Witness to the above signature

## Exhibit 10.18

**Exhibit 10.18**

![](image_055.jpg)

LAND LEASE AGREEMENT 1

![](image_056.jpg)

2 In Córdoba, on July 18 , 2024 GATHERED On the one hand, ANTONIA PEREZ PEREZ - GIMENEZ, with ID number 30456896 C, FERNANDO PEREZ PEREZ - GIMENEZ, with ID number 30474099 L, and FRANCISCO JOSÉ PEREZ PEREZ - GIMENEZ, with ID number 30487595 Z . They are acting on their own behalf and in their own right ; and Francisco José Pérez Pérez - Giménez is also acting as the de facto guardian of his brother with a disability, RICARDO JESUS PEREZ PEREZ - GIMENEZ, with ID number 30520293 Y . For these purposes, they are domiciled at Calle Abén Hazán nº 17 . 14012 Córdoba . And on the other hand , Mr . NGE SPAIN SOLIA RENEWABLES SL (B 90346198), a Spanish entity with registered address at C/ Virgen de Luján nº 50 bloque 2 bajo b, 41 . 011 Seville, and on its behalf, as legal representative, JOSE A . MORA GÓNGORA, of legal age, of Spanish nationality and with ID number 79 . 203 . 459 - S . Hereinafter identified as "DEVELOPER AND/OR LESSEE . " PARTIES INVOLVED The PROPERTY acting in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . Francisco José Pérez Pérez - Giménez, as the de facto guardian of his disabled brother Ricardo Jesús Pérez Pérez - Giménez, will seek judicial authorization to give consent, in accordance with the provisions of articles 264 and 287 of the Civil Code . Acting on behalf of the DEVELOPER in its own name and right and considering itself to have sufficient legal capacity for this contract . THEY DECLARE • That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES . " Details of the properties : Ref . No . Property Municipal District Volume Book Folio Entry 1 Córdoba • That the properties are registered in the name of the Owner in the Land Registry of Córdoba, no . 3 , property no . 16447 , with the following cadastral references :

![](image_057.jpg)

3 Ref . No. Polygon Plot Area 1 1 4 3 8 Total (Ha) 124.3986 hectare s Leased Area (Ha) 124.3986 hectares Cadastral Referenc e 14900A 014000380000 F S Copies of the public deeds, title deeds, or simple informative note from the property registry are attached, as well as the cadastral certification, which is incorporated into this document as "ANNEX 1 . " • The DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation of the necessary elements to develop a business project consisting of the operation of a type IV data center and a 120 MWp photovoltaic solar plant (hereinafter the "PROJECT") . • That the PROPERTY is interested in entering into a lease agreement with the DEVELOPER for the PROPERTIES, consenting to and accepting the aforementioned agreement . STIPULATIONS FIRST : Legal regime This contract is entered into under the provisions of the Civil Code, and is governed by the will of the Parties expressed in the contract, and, additionally, by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation, and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the certificates or simple informative note from the Land Registry of the municipality where the project is located, attached to this contract as ANNEX 1 . THIRD : Purpose of the contract The Lessor leases to the Lessee, who accepts it under the terms and conditions set forth in this contract, the PROPERTY, free of encumbrances and liens, as well as occupants and tenants . Likewise, it is received up to date with the payment of contributions, taxes, duties, and free of expenses of any kind generated by any concept inherent or accessory to it, remaining so throughout the term of the Contract . The Lessor expressly authorizes the Lessee to make full use and control of the leased area, as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction

![](image_058.jpg)

4 and operation of a data center and a photovoltaic plant, the lease includes the rights to the land, airspace, and subsoil. FOURTH : Duration, rent, and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows: Phase 0 : Preliminary Phase • An initial payment of € 100 /ha will be made once the Urban Compatibility Report (ICU) has been approved . If the ICU is rejected, the contract will be automatically terminated . This phase cannot extend beyond 8 months from the signing of the agreement . Phase I : Studies and Permits • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . The rent will be € 200 /ha per year for 24 months from the date the connection point is obtained . In the event of an extension of the term due to a justified delay, additional payments of € 100 /ha per year of extension will be made . This phase cannot be extended beyond 8 months from the date of the Urban Compatibility Report . Phase II : Construction of the Project • During this phase, contractors will be selected and construction will be carried out until the data center and solar plant are operational . The agreed annual rent for Phase III will be paid proportionally to the time elapsed between the start and completion of construction, with semi - annual payments made in advance . Phase III : Project Operation • During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of € 2 , 300 /ha . Payment will be made every six months in advance, in the first fifteen days of each semester . Upon completion, the LESSEE shall return the property to the LESSOR in its original condition, suitable for agricultural activity. FIFTH : Rent review The rent shall be reviewed annually in accordance with the variation in the CPI published by the INE or any index that replaces it . If the CPI is negative, the corresponding review shall not be carried out .

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5 SIXTH : Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure works . SEVENTH : Permits, licenses, and authorizations Obtaining all the necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH : Guarantees, sureties, and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project . NINTH : Use of the property by the owner The PROPERTY may continue with agricultural activity until the start of construction . If the DEVELOPER requires prior eviction, the PROPERTY shall be compensated as established . TENTH : Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages . ELEVENTH : Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract . TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must subrogate to the terms of the contract, notifying the DEVELOPER . THIRTEENTH : Acknowledgment THE LESSEE (or any other natural or legal person to whom the rights and obligations arising from this contract may be subrogated) agrees and acknowledges, by signing this contract, the participation as INTERMEDIARY of Ms . Celia Cañero Hinojosa , with ID number 47 . 207 . 370 - P, (or any natural or legal person she may designate), undertaking, to pay the professional fees corresponding to her in accordance with

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contract signed between them, with the LESSEE assuming the economic, legal, and technical conditions contained therein. FOURTEENTH . - Sole agreement This contract supersedes any previous agreement related to its subject matter. Any modification must be in writing and signed by both parties. FIFTEENTH : Partial invalidity The invalidity of one provision shall not affect the validity of the rest of the contract . SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party. EIGHTEENTH : Expenses and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER . All services and supplies necessary for the planned economic exploitation of the property shall be borne by the LESSEE . All taxes, including property tax levied on the property, shall be borne by the LESSEE from Phase II onwards. NINETEENTH : Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Córdoba. In witness whereof, the parties sign this contract in duplicate and for a single purpose in the place and on the date indicated. THE PROPERTY Ms. Antonia Perez Perez - Gimenez 6 PEREZ PEREZ - G I M E N E Z Digitally signed by PEREZ PEREZ - GIMENEZ ANTONIA - 30456896C Recognition name (DN): c=ES, se r i a l N u m b e r = I DC E S - 3 0 456896C, givenName=ANTONIA, sn=PEREZ PEREZ - ANTONIA - GIMENEZ, cn=PEREZ PEREZ - GIMENEZ 30456896 C ANTONIA - 30456896C D a te: 2 02 4 .0 7 .18 17:46:44 +02'00'

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PEREZ PEREZ - GIMENEZ F E R N A N D O Digitally signed by PEREZ PEREZ - GIMENEZ FERNANDO - 30474099L Recognition name (DN): c=ES, serialNumber=IDCES - 3047409 9L, givenName=FERNANDO, sn=PEREZ PEREZ - GIMENEZ, cn=PEREZ PEREZ - GIMENEZ FERNANDO - 30474099L +02'00' - 30474099L Date: 2024.07.18 17:47:15 GIMENEZ F R A N C I S C O JOSE - 30487595Z FERNANDO PEREZ PEREZ - GIMENEZ PEREZ PEREZ Digitally signed by PEREZ PEREZ GIMENEZ FRANCISCO JOSE - 30487595Z Recognition name (DN): c=ES, serialNumber=IDCES - 3048759 5Z, givenName=FRANCISCO JOSE, sn=PEREZ PEREZ GIMENEZ, cn=PEREZ PEREZ GIMENEZ FRANCISCO JOSE - 30487595Z Date: 2024.07.18 17:48:09 +02'00' FRANCISCO JOSE PEREZ PEREZ - GIMENEZ PEREZ PEREZ GIMENEZ F R A N C I S C O JOSE - 30487595 Z Digitally signed by PEREZ PEREZ GIMENEZ FRANCISCO JO SE - 3 04 8 75 9 5 Z Recognition name (DN): c=ES, serialNumber=IDCES - 30487595Z, givenName=FRANCISCO JOSE, sn=PEREZ PEREZ GIMENEZ, cn=PEREZ PEREZ GIMENEZ FRANCISCO JOSE - 30487595Z Date: 2024.07.18 17:48:32 +02'00' RICARDO JESUS PEREZ PEREZ - GIMENEZ P.p. Francisco José Pérez Pérez - Giménez as de facto guardian of his brother with a disability THE DEVELOPER 79203459S JOSE ANTONIO MORA (R: B90346198) Digitally signed by 79203459S JOSE ANTONIO MORA (R: B90346198) Recognition name (DN): 2.5.4.13=Reg:41021 /Sheet:SE - 115454 / Volume:6450 /Folio:130 /Date:10/10/2018 / Registration:2, serialNumber=IDCES - 79203459S, givenName=JOSE ANTONIO, sn=MORA GONGORA, cn=79203459S JOSE ANTONIO MORA (R: B90346198), 2.5.4.97=VATES - B90346198, o=NGE SPAIN SOLIA RENEWABLES SOCIEDAD LIMITADA, c=ES Date: 2024.07.18 15:28:03 +02'00' NGE SPAIN SOLIA RENEWABLES SL Legal Representative P.P. JOSE A. MORA GÓNGORA 7

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ANNEX I TO THE LEASE AGREEMENT: CADASTRE REFERENCE AND REGISTRY NOTE

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DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference: 14900A014000380000FS Location: Polygon 14 Plot 38 MATASANOS. CORDOBA [CORDOBA] Graphic area: 1,243,986 m2 Property share: 100.00% Typ e: Plot built without horizontal division CULTIVATIO N Area m 2 Production intensity Crop/use Subplot 1,236,31 1 02 C - Labor or Dryland farming a 84 5 00 I - Unproductive b 3,55 0 00 RI Riparian trees c 2,97 5 00 I - Unproductive d This document is not a cadastral certification, but its data can be verified through the "Access to unprotected cadastral data from the SEC." Wednesday, July 10, 2024 DESCRIPTIVE DATA OF THE PROPERTY P L O T Class: RÚSTICO Main use: Agricultural Built area: 300 m2 1990 Year of construction: CONSTRUCTION Surface area m 2 30 0 Staircase/Floor/Door /00/01 Use AGRICUL T URAL Scale: 1 / 25 , 00 0 Block b ou n dar y Bu i l di ng b o u n dary Plot b ou n dar y Str e et fu r n itur e and si de wal k s H y d r og r a ph y G re e n zone b ou n dary 344,000 UTM coordinates, ETRS8 9 zone 30

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Registration information issued by: ALICIA CORONADO TERUEL Property Registrar of PROPERTY REGISTRY No. 3 OF CÓRDOBA Avenida AI Nasir No. 1 14006 - CÓRDOBA (CORDOBA) Phone: 957768232 Fax: 957768233 Email: cordoba3@registrodeIapropiedad.org corresponding to the application made by: CORTIJO DE FRÍAS SA. with ID/Tax ID: A28372290 LEGITIMATE INTEREST CLAIMED: Legal and economic investigation into credit, solvency, or liability. I DEN T I F I E R O F TH E F 41 F T0 3 F 3 (Cite this identifier for any questions related to this simple note) Your reference: Page 1 of 5 C.S.V.: 2l40202863A8A79D

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SIMPLE NOTE CORDOBA PROPERTY REGISTRY NUMBER 3 DATE OF ISSUE: JANUARY 10, 2024 DESCRIPTION OF THE PROPERT Y CORDOBA PROPERTY NO.: 16447 CRU: 14020000224841 DONCEL, NICOLAS PROPERTY TYPE : Rustic RUSTICA : Peaceful land known as Cortijo San Antonio de Peralta, located in Matasanos, in the countryside and municipality of Córdoba . It covers an area of 124 hectares, 8 areas, and 85 centiares . It is made up of sub - plots a 9 , B 9 , and C 9 , of plot 14 , parcel 38 . It borders, to the north, with the "Peralta" estate, owned by Mr . Francisco López Crespo ; to the south, with the "Peraltilla" estate, owned by Mr . Enrique Laguna Carmona, and land belonging to Mr . Juan Sillero Marín ; to the east, it borders the Santaella road, the Matasanos farmhouse, and land belonging to Juan Sillero Marín ; and to the west, it borders the Calatravilla farmhouse belonging to the heirs of Mr . Fernando Serrano, and Alamedilla belonging to the heirs of Mrs . Concepción Pérez . CADASTRE REFERENCE : NOT RECORDED OWNERSHIP OWNER TAX ID VOLUME BOOK FOLIO REGISTRATION PEREZ PEREZ GIMENEZ, FRANCISCO 30,487,595 - Z 1996 269 217 1 16.6667% of full ownership with exclusive rights. TITLE: Acquired by virtue of a public deed, authorized by the notary DON JUAN JOSÉ PEDRAZA RAMIREZ, CÓRDOBA, on 03/13/97; registered on 12/01/97. OWNER TAX ID VOLUME BOOK FOLIO REGISTRATION PEREZ PEREZ GIMENEZ, RICARDO JESUS 30,520,293 - Y 1996 269 217 1 50.0000% of full ownership on an exclusive basis. TITLE: Acquired by virtue of Public Deed, authorized by the notary DON JUAN JOSÉ PEDRAZA RAMIREZ, CÓRDOBA, on 03/13/97; registered on 12/01/97. OWNER/SPOUSE PEREZ N.I.F. VOLUME BOOK FOLIO REGISTRATION PEREZ GIMENEZ, ANTONIA ARANDA 30,456,896 - C 199 6 26 9 2 1 7 2 16.666667% of full ownership on an exclusive basis. Page2 of 5 C.S.V.: 2140202863A8A79D

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FERNANDEZ PALOP, MARIA ROCIO TITLE : Acquired by LIQUIDATION OF MARITAL PROPERTY by virtue of a Public Deed, authorized by the notary DON MANUEL RODRÍGUEZ - POYO SEGURA, CÓRDOBA, on 06 / 06 / 12 ; registered on 07 / 30 / 12 . OWNER/SPOUSE PEREZ N.I.F. VOLUME BOOK FOLIO REGISTRATION PEREZ GIMENEZ, FERNANDO 30,474,099 - L 1996 2 6 9 2 1 7 3 1/6 of the exclusive full ownership. TITLE: Acquired by LIQUIDATION OF MARITAL PROPERTY by virtue of a Public Deed, authorized by the notary DON JUAN JOSÉ PEDRAZA RAMIREZ, CÓRDOBA, on 10 / 11 / 12 ; registered on 11 / 30 / 12 . ENCUMBRANCE S BY ORIGIN: Property 20 , 249 in the General Archive, from which property 16 , 447 originates, is encumbered with an easement for water extraction and a well in favor of properties 20 , 251 , 20 , 252 , 20 , 253 , 20 , 254 , and 20 , 255 in the General Archive . Properties 20 , 250 and 20 , 251 in the General Archive, from which property 16 , 447 originates, are encumbered with two rights of way in favor of properties 20 , 250 , 20 , 251 , and 20 , 252 , consisting of permanent access via two three - meter - wide roads, which start from the Santaella road and reach the farmhouse on property 20 , 250 . FOR ITS OWN PART: Encumbered with various tax liens. Documents relating to the property submitted and pending dispatch, with the submission entry valid at the close of the Daily Ledger on the day prior to the date of issue of this note : There are NO documents pending dispatch . NOTICE : The information contained in this note refers to the day of JANUARY 10 , 2024 . VERY IMPORTANT: It is prohibited to incorporate the data contained in this note into files or databases for individual consultation by natural or legal persons, even if the source of the information is stated (B.O.E. 27/02/1998). Unlike a certificate, a simple informative note without guarantee does not reliably certify the content of the entries in the register. (Arts. 222 of the Mortgage Law and 332 of its Regulations.) Page3 of 5 C.S.V.: 2140202863A8A79D

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electronic records of the issuing public body or agency . Paper copies of public documents issued electronically and signed electronically shall be considered authentic copies provided that they include the printing of an electronically generated code or other verification systems that allow their authenticity to be verified by accessing the electronic files of the issuing public body or agency . (Art . 27 . 3 of Law 39 / 2015 , of October 1 , on the Common Administrative Procedure of Public Administrations) . Page5 of 5 C.S.V.: 2140202863A8A79D

## Exhibit 10.19

**Exhibit 10.19**

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LAND LEASE AGREEMENT

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In Alcaraz, on November 4 , 2024 GATHERED On the one hand, Mr . JOSÉ GARCÍA BELMONTE, of legal age, of Spanish nationality , residing at Zarandona, Avenida Zarandona No . 39 , 30007 Murcia , with ID No . 22 . 311 . 252 - X, hereinafter referred to as "PROPERTY . " And on the other hand, Mr . José A . Mora Góngora, of legal age, with nationality Spanish national with ID number 79.203.459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL , a Spanish entity with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B, hereinafter identified as "DEVELOPER AND/OR LESSEE" . PARTIES Acting on behalf of the PROPERTY in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . A c t in g t h e D E V E L O P E R i n i t s ow n n am e r igh t an d andconsidering themselves to have sufficient legal capacity for this contract. DECLARE • That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES". • That the properties are registered in the name of the Owner in the Alcaraz Property Registry, free of liens and encumbrances, with the following cadastral references . Cadastral Referenc e Leased Area (Ha) Area Total C a da st r a l (Ha) Parcel Polygon No. Re f . 02008A046000370000PE 4 .7 66 7 4 .7 66 7 4 7 4 6 1 02076A002000010000FH 1 .8 05 1 1 .8 05 1 2 2 02076A002000020000FW 1 .2 59 1 1 .2 59 1 2 2 3 02076A002000030000FA 1 4. 546 4 1 4. 546 4 3 2 4 02076A002000040000FB 8 .0 42 8 8 .0 42 8 4 2 5 02076A003000820000FG 3 9, 57 7 3 9. 57 7 8 2 3 6 02076A003000830000FQ 3 3. 594 1 3 3. 594 1 8 3 3 7 103,S9I 2 103.591 2 The cadastral certification is attached to this document as "ANNEX 1 ," and the PROPERTY hereby undertakes to provide the DEVELOPER with the simple registry notes within ten (10) days of the signing of this contract .

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DEVELOPER shall register the simple notes within ten (10) days of signing this contract . • The DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a type IV data center and a photovoltaic solar plant of a power to be determined (hereinafter the "PROJECT") . • T h a t th e P R O P E RT Y i s i nt er e s t e d i n im p r o v i n g t og e t h e r t h e DEVELOPER a lease agreement on the PROPERTIES, consenting to and accepting the aforementioned agreement. STIPULATIONS FIRST : Legal regime This contract is entered into under the provisions of the Civil Code , and is governed by the will of the Parties expressed in the contract, and supplementarily by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation, and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the updated simple registry notes from the Property Registry of the municipality where the project is located , attached to this contract as ANNEX 2 , which must be provided by the PROPERTY within 10 days of the signing of this agreement . THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts it under the terms and conditions set forth in this contract , the PROPERTY, free of encumbrances and liens, as well as occupants and tenants . Likewise, it is received up to date with the payment of contributions, taxes, duties, and free of expenses of any kind generated by any concept inherent or accessory to it , remaining so throughout the term of the Contract . The Lessor expressly authorizes the Lessee to make full use and control of the leased area , as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace , and subsoil .

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FOURTH : Term, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows : Phase I : Studies and Permits • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . The rent will be € 100 /ha per year for 24 months from the date of obtaining the connection point and the favorable urban compatibility report . In the event of an extension of the term due to a justified delay , additional payments of € 100 /ha per year of extension will be made . Phase II : Project Construction • During this phase, contractors will be selected and construction work will be carried out until the data center and solar plant are operational . The agreed annual rent for Phase III will be paid in proportion to the time elapsed between the start and completion of the works, with semi - annual payments in advance . The duration of this phase will be twelve (12) months, with the possibility of extension for a further six (6) months in the event of justified delay . Phase III : Project Operation • During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of € 2 , 000 . Payment will be made every six months in advance, in the first fifteen days of each semester . F IFTH : Rent Review The rent shall be reviewed annually in accordance with the variation in the CPI published by the INE or any index that replaces it . If the CPI is negative, the corresponding review shall not be carried out . SIXTH : Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure works .

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SEVENTH : Permits, licenses, and authorizations Obtaining all the necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH : Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project . NINTH : Use of the property by the owner The PROPERTY may continue with agricultural activity until the start of construction . If the DEVELOPER requires prior eviction , the PROPERTY shall be compensated as established . TENTH : Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages . The DEVELOPER may terminate this lease agreement early and unilaterally, without incurring any penalty or paying any compensation to the PROPERTY during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner, with the termination taking effect from the date of notification . Notwithstanding the power granted in this Provision, the DEVELOPER may, in any case and at any time , with a minimum of 30 days' notice , terminate this contract without any penalty or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, disrupts the economic balance of this contract or the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties in entering into this contract , as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that makes the project unfeasible . ELEVENTH : Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract .

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TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER. THIRTEENTH : Acknowledgment THE LESSEE and THE LESSOR (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract, the participation as INTERMEDIARY of Da CELIA CAÑERO HINOJOSA, with ID number 47 . 207 . 370 - P, (or any other natural or legal person they may designate) as INTERMEDIARY, undertaking , for this purpose, to pay the professional fees corresponding to each of them in accordance with the contract signed between them, with both the LESSEE and the LESSOR assuming the economic, legal, and technical conditions contained therein . FOURTEENTH . - Sole agreement This contract supersedes any previous agreement relating to its subject matter. Any amendments must be made in writing and signed by both parties. FIFTEENTH : Partial invalidity The invalidity of one provision shall not affect the validity of the rest of the contract . SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party. EIGHTEENTH : Expenses and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER .

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NINETEENTH: Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Alcaraz. In witness whereof, the parties sign the contract in duplicate and for a single purpose in the place and on the date indicated. THE PROPERTY Mr. José García Belmonte THE DEVELOPER Legal Representative of NGE SPAIN SOLIA RENEWABLES SL Mr. JOSÉ a MORA

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ANNEX I TO THE LEASE AGREEMENT : CADASTRE REFERENCE

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G OVERN M EN T DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02008A046000370000PE Location: Polygon 46, Plot 37 HAZA DE MATALLANA. ALCARAZ (ALBACETE] Class: RURAL Main use : Agricultural Built area : Year of construction: UltlVO Subplot () Crop/use Ú}2 L a f›oi ‹J Init›r ‹i‹1ir› rt'‹j ‹+t1in Production intensity Area m' Graphic area : 47, 667 m2 Property share : ^ \* \* \* " Type: Registration: ALCARAZ Unique registration code : 02002000712585 That 'doer:rrer'to r'o is a specific ca'3st - al, oe"o se\* da - o' :›üeoer. Be ve"it icados e t' avês r1el "Access to unprotected cadastral maps of the FSC" Coordination date: 04/U7."2r1 17

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Graphic area: 18 , 051 m² Share of the property: \*\* \*0 '\* ƒ G OVERNMENT MINISTR Y AND PUBLIC ADMINISTRATION Location: Polígono 2 Pamela 1 C GORGOJI VIANOS (ALBACETE] Class: RURAL Main use : Agricultural Built area : Year of construction: Ü UI t iVO Subplot Cultivation/use Production intensity Area m' LAND USE AND AGRICULTURAL PRODUCTION REAL ESTATE CADASTRE DATA Cadastral reference: 02076A002000010000F H Type: Registration: ArCARAZ Unique registration code : 02002000712448 Coordination date : 0:J/U7. üt›17 vo•tc;0o& at avGsde:"Access to?toscatan

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G O8IER NO U£ L$PAÑ A DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A002000020000FW Location: Polygon 2, Plot 2 C GORGOJI VIANOS [ALBACETE j Class: RUSTIC Main use : Agricultural Built area : Year of construction: Ultimate Subplot C r op/us e Production intensity Area m' Graphic area : 1 , 2591 nJ2 Property share : 100.00 "/› Type: Registration: ALCARAZ Unique registration code : 020020007 12455 Coordination date: u?/U7."2L› 17 Es\*e Jo - b er to is not a cadastral certificate , its data may be e if'c=dos a \* av+s de! " Access to cadastral data selected by the S - C " E ca l'?(J (J U

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GOVERNME NT OF SPAI N MINISTRY OF P U BLIC WOR KS AND PUBLIC FUNCTION \* \* CUNbUL£A ULbLKlF I VAT AND tzBATILA OF CADASTRAL DATA FOR REAL ESTATE Cadastral reference : 02076A002000030000FA Location: Pollgono 2 Parcel 3 C GORGOJI. VIANOS [ALBACETE] Class: RURAL Main use : Agricultural Built area : Year of construction: ÉUÍtlV O subplot Cult ivo/aprovecham iento Production intensity Area m' Graphic area : 145,454 v2 Property share : \*\* ^0 " Type: Registration. ALCARAZ Unique registration code : 020020007 J2470 Coordination date : u4 U7,'üf 17

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G OBIER NO DL ESPADA MIDISTER IO DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A002000040000FB Location: Polígono 2 Paicela 4 C GOR GOJL VIANOS [ALBACETE] Class: RURAL Main use : Agricultural Built area : Year of construction: Cu\|flV Q Subplot C r op/us e Production intensity Area m' Graphic area : s0 428 n›2 Property share : 1Ú0.00 'lu Type: Registration. ALCARAZ Unique registration code : 020020007 1 2486 Coordination date : u4/tJ7/2L^ 17

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GOBER NO DL ESFAWA U/ - \*JAC ILN L3A AND PUBLIC FUNCTION Location: Polygon 3 Plot 82 CORTIJO MONTE VIANOS TALBACETE J Class: RUSTIC Main use : Agricultural Built area : Year of construction: É UltlVO Subplot C r op/u s e Production intensity Area m' DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A003000820000FG Graphic surface area : 395,770 m2 Share \* 0 \* \* of the property: Type: Registration: ALCARAZ Unique registration code : 02002000712431 Coordination date : u4/u7 2r› 7

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G O VER N ME N T WtESPA%4 .,'" ., DESCRIPTIVE AND GRAPHIC CONSULTATION REAL ESTATE CADASTRE DATA Cadastral reference : 02076A00300083O000FQ Location: Polygon 3, Plot 83 CORTIJO MONTE VTANOS [ALBACETE] Classification: RURAL Main use : Closet Built area: Year of construction: CULTIVATION Subplot Crop/us e Production intensity Area m' Graphic area : ?35, 041 m2 Property share : ' 00.00 "/‹› Type: Registration: pgCARAZ Unique registration code : 0200200U7 1 2493 E,:e 1oci - re›.to no e, u"3 cer\*ifica('on

## Exhibit 10.20

**Exhibit 10.20**

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In Torrecampo, on March 3 , 2025 GATHERED On the one hand, Mr . JULIAN CABRERA CORTÉS, of legal age, of Spanish nationality , with ID number 30 . 176 . 211 - G , and Ms . JUANA REDONDO CALERO, of legal age, of Spanish nationality , with ID number 30 . 174 . 018 - L, both residing in Villanueva de Córdoba, at Calle Laguna del Pino n ƒ 12 , 14 . 440 Córdoba ; hereinafter jointly identified as "PROPERTY" or "LANDLORD" . And on the other hand, Mr . José A . Mora Góngora, of legal age, of Spanish nationality and with ID number 79 . 203 . 459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL, a Spanish entity with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B , and with Tax Identification Number B - 90346198 , hereinafter identified as the " DEVELOPER AND/OR LESSEE . " PARTIES The PROPERTY acting in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . A c t in g t h e D E V E L OP E R i n it s o w n n a m e a n d ri g h t considering themselves to have sufficient legal capacity for this contract. a n d •', DECLARE \* \* • That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES . " • That the properties are registered in the name of the Owner in the Pozoblanco Property Registry (except for two of them , as indicated below), free of liens and encumbrances, with the following cadastral references : 119.433 5 119.433 5 2 Registe r ed property Cadastral Referenc e Leased Area (Ha) Total Cadastral Area (Ha) P ar c e l Polygo n No. Ref . 4 , 4 0 0 14062A003000230000DF 2 1 . 4 7 4 4 2 1 . 4 7 4 4 2 3 3 1 4 , 4 0 0 14062A004000080000DJ 2 . 5 3 3 8 2 . 5 3 3 8 8 4 2 4 , 4 0 0 14062A005000140000DD 1 5 . 5 5 3 5 1 5 . 5 5 3 5 1 4 S 3 4 , 4 0 0 14062A00S00O16O£Kf0DI 1 9 . 3 7 1 9 1 9 . 3 7 1 9 1 6 5 4 - 0 0 14O62A00500019£XXI0DS 5 6 . 8 8 0 7 5 6 . 8 8 0 7 1 9 5 5 Not r eg i s t e r e d 14062A005000270000DA 0 . 7 5 1 7 0 . 7 5 1 7 2 7 S 6 2 , 6 7 6 14O62A00500039000ODM 0 . 5 3 2 3 0 . 5 3 2 3 3 9 S 7 Not registere d J4062A005000420000DIu 0 . 6 6 9 9 0 . 6 6 9 9 4 2 5 8 5 , 2 1 3 14062A00S00O430000DO 1 . 6 6 S 3 1 . 6 6 5 3 4 3 S g

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Cadastral references are attached as "ANNEX 1 ", simple registry notes as "ANNEX 2 ", and a partial copy of the deeds of sale for the properties located in polygon 5 , parcels 27 and 42 , as "ANNEX 3 " . THE PROPERTY undertakes to carry out, at its own expense, all the necessary legal procedures to regularize and register in its name the properties located in polygon 5 , plots 27 and 42 of Torrecampo in the Land Registry and Cadastre . The procedures must be initiated within a maximum period of thirty (30) days from the reliable communication by the DEVELOPER of the obtaining of the supply point and the favorable urban compatibility report . If this period elapses without the request for change of ownership of the plots having been initiated , the DEVELOPER shall be entitled either to terminate the contract, without liability to it, due to breach by the PROPERTY, or to carry out the relevant procedures on behalf of the PROPERTY, which expressly authorizes the DEVELOPER to carry out these procedures and undertakes to provide any authorizations and documents necessary for this purpose, with the costs incurred being borne by the PROPERTY and deducted from future sales . • The DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a Type IV data center and a photovoltaic solar power plant of a determined capacity (hereinafter the PROJECT"). • That the PROPERTY is interested in finalizing a lease agreement with the DEVELOPER for the PROPERTIES, consenting to and accepting the aforementioned agreement . STIPULATIONS FIRST : Legal framework This contract is entered into under the provisions of the Civil Code , and is governed by the will of the Parties as expressed in the contract, and , alternatively, by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation , and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The LESSOR declares that the PROPERTIES are free of any encumbrances, as evidenced by the updated simple registry notes from the Pozoblanœ Property Registry , attached to this contract as ANNEX 2 .

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' THIRD : Purpose of the contract The LESSOR leases to the LESSEE, who accepts it under the terms and conditions set forth in this agreement, the PROPERTY, free of encumbrances and liens, as well as occupants and tenants . Likewise, it receives it up to date in the payment of taxes, duties, and free of expenses of any kind incurred for any reason , as long as it is inherent or accessory, remaining so during the term of the Agreement . The LESSOR expressly authorizes the LESSEE to fully use and control the leased area , as well as to demol ish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace, and subsoil, and the leased area may be adjusted to the usable area as required by the project . FOURTH : Duration, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows : Phase I: Studies and Permits T • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . The rent will be € 100 /year for 24 months from the date of obtaining the supply point and the favorable urban compatibility report . In the event of an extension of the term for justified reasons , additional payments of €100/year will be made for each year of extension. Notwithstanding the foregoing, the following termination clause is established : o The LESSEE must request the urban compatibility report within three (3) months of signing the Once the urban compatibility report has been obtained , and provided that it is favorable, the LESSEE must request the supply point within six (6) months from the date of obtaining the favorable urban compatibility report . This period may be unilaterally extended for the same duration (six months) at the request of the LESSEE, if necessary due to the material impossibility of making the request within the initial period ; to do so, the LESSEE shall simply notify the LESSOR of the request for an extension .

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o In the event that the urban compatibility report is unfavorable and/or the LESSEE fails to meet these deadlines for requesting the urban compatibility report or supply point , the contract shall be automatically terminated without either party having any claim against the other . Phase II : Construction of the Project • During this phase, contractors will be selected and construction work will be carried out until the data center and solar plant are operational . The agreed annual rent for Phase III will be paid in proportion to the time elapsed between the start and completion of the works, with semi - annual payments in advance . The duration of this phase will be twelve (12) months , with the possibility of extension for a further six (6) months in the event of justified delay . Phase III : Project Operation • During this phase, which will last thirty - five (35) years from the end of Phase II, the LESSEE will pay an annual rent of € 2 , 000 /ha . Payment will be made every six months in advance, during the first fifteen days of each six - month period . F IFTH : Rent review The rent shall be reviewed annually in accordance with the variation in the CPI published by the INE or any index that replaces it . If the CPI is negative, the corresponding review shall not be carried out . SIXTH : Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure work . SEVENTH : Permits, licenses, and authorizations Obtaining all necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH : Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project .

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NINTH : Use of the property by the owner The PROPERTY may continue agricultural activity until the start of construction . If the DEVELOPER requires prior eviction , the PROPERTY will be compensated as established . TENTH : Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages . The DEVELOPER may terminate this lease agreement early and unilaterally, without penalty to its entity or compensation to the Property during PHASE 1 . To do so, it must notify the PROPERTY in writing and in a reliable manner , with the termination taking effect from the date of notification . Without prejudice to the power granted in this Provision, the DEVELOPER may, in any case and at any time , with a minimum of 30 days' notice, terminate this agreement without any penalty to its charge or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, foreseen or unforeseen, which, directly or indirectly, implies a breach of the economic balance of this agreement or of the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties in the conclusion of this agreement , as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that renders the project unfeasible . In the event of termination of the contract for the reason indicated in Expose I, that is, due to non - compliance by the property owner in the event of failure to carry out the procedures for change of ownership before the Pozoblanco Property Registry for the properties located in industrial park 5 , plots 27 and 42 of Torrecampo, the PROPERTY shall compensate the DEVELOPER for the expenses incurred in the projects up to the date of non - compliance . ELEVENTH : Assignment of the contract If the DEVELOPER can transfer the rights and obligations of the contract to third parties, notifying the PROPERTY of the transfer of its contractual position within the following fifteen days, without the delay in its delivery constituting a breach of contract . TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must be subrogated to the terms of the contract, notifying the DEVELOPER . a

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THIRTEENTH : Acknowledgment THE LESSEE and THE LESSOR (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , upon signing this contract, the participation as INTERMEDIARY of CEMACAßERO HINOJOSA, with ID number 47 . 207 . 370 - P, (or any other natural or legal person that may be appointed), undertaking, to pay the professional fees corresponding to each of them in accordance with the contract signed between them, with both the LESSEE and the LESSOR assuming the economic, legal, and technical conditions contained therein . FOURTEENTH . - Sole agreement This agreement supersedes any previous agreement related to its subject matter. Any modification must be in writing and signed by both parties. DECLARATION : Partial invalidity The invalidity of one provision shall not affect the validity of the rest of the agreement . SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTY - SEVENTH : Not ar ization and registration The contract may be made public and registered in the Property Registry at the request of either party. EIGHTEENTH : Expenses and Taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER. NINETEENTH : Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Pazoblanco.

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And in witness whereof, the parties sign this contract in duplicate and for a single purpose at the place and date indicated. THE PROPERTY Mr. Julián Cabrera Cortés Ms. Juana Redondo Calero " THE DEVELOPER Legal Representative of NGE SPAIN SOLIA RENEWABLES SL Mr. José A. Mora

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2 6 2 2 5 1/8000 Graphic area : 214,744 m2 Property share : 100.00 % This document is not a cadastral certification, but its data can be verified through the "Access to unprotected cadastral data from the SEC." , gg•,¿•y•• - , " DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A003000230000DF Location: Polygon 3 Parcel 23 DEHESA VIEJA. TORRECAMPO [CÓRDOBA) Class: RURAL Main use : Agricultural Built area : AI \ a construction: CuKfVo 214,721 02 C - Dry farming or dry plowing 00 b I - ImpiodudtNo

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Location: Polygon 4 Plot 8 NAVARODES. TORRECAMPO [CÓRDOBA] Class : RURAL Main use : Agricultural Built are a : Year of construction : \* \* " DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A004000080000DJ Graphic area : 25,338 m2 Share of the property: 1Ü0. 00% Type: CUlt IVO Subplo t a b c d Cultivation/use CE Labor or labradio with encir as se cano CE Labor or radio with dry oak trees no I - Unproductive I - Unproductive Production intensity 02 02 00 00 Area m' 4,59 0 19,915 81 8 1 5 Esca 1/3 000

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Location: Polígono 5 Parcela 14 TIERRAABAJO. TORRECAMPO [CÓRDOBA] Class: RURAL Main use : Agricultural Built area : Building area: CultNo C - Lebor or Labradlo ascano 0 3 155,53 5 DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference: 14062A005000140000DD Graphical area : 155,535 m2 Property share : 100.00 '/• . 2 6 2 1/500 0 This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC."

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Location: Polygon 5, Parcel 16 TIERRA ABAJO. TORRECAMPO [CÓRDOBA] Class: RURAL Main use : Agratio Built area : S«dgo ab 0 Cultivation/approac h C - Dry farming or dry plowing Production intensity Area m² 01 193,719 DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A005000160000DI Graphic area : 193,719 m2 Share of the property: 100. 00% . This document is not a cadastral certification, but its data can be verified through the "Access to unprotected cadastral data from the SEC." 1 7 26250 0 2 0 2 4 2 5 353000 1/8000

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DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A005000190000DS Location: PI:00 PI:01 Polygon 5 Parcel 19 DEHESILLA DE CASCARR. TORRECAMPO (CÓRDOBA) Class: RURAL Use phil \ C)}Sál: Agricultural Built area : 1,362 m2 Year of construction: 2000 Construction Graphic area : 568,807 m2 Property share : 100. 00% Type: Built plot without horizontal division AGRICULT U RAL AGRICULT U RAL AGRICULTU RAL CULTIVATION a b c EE PaetoB with holm oaks CE Labor or plowed land with holm oaks k Unproductive 1/00/01 2/00/01 3/00/01 cia zrF 117 976 269 IntansId•d Produ¢tfm 02 Surface a r e a 200,67 2 0 0 3 , 0 8 3 This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC." PARCELS 1/1500 0

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Location: Polygon 5, Parcel 27 LAGUNA DE COBOS. TORRECAMPO [CÓRDOBA] DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR BENlNhdUEBLE Cadastral reference : 14062A005000270000DA Graphic area : 7,517 m2 Property share : 100. 00% Type: Class : RURAL Main use : Agricultural Built area : Year of construction : CUlt IVO 0 Subplot Cultivation/us e C - Dry farming or dry land cultivation Production intensity Area m' 03 7,517

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50 0 4 0 26 1 , 3 0 0 4 5 3 5 3 3 0 0 1, 20 0 Location: Polygon 5, Plot 39 NAVARODES. TORRECAMPO [CÓRDOBA) Class: RURAL Main use : Agricultural Built area : Year of construction: 0 C - Dryland farming or cultivation Area rra Productive capacity 03 5 , 3 2 3 DESCRIPTIVE AND GRAPHICAL CONSULTATION REAL ESTATE CADASTRE DATA Cadastral reference : 14062A005000390000DM Graphic area : 5,323 m2 Share of the property: 100. 00% Type: This document is not a cadastral certification, but its data can be verified through the "Access to unprotected cadastral data from the SEC."

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Location: Polygon 5, Parcel 42 NAVARODES. TORRECAMPO (CÓRDOBAJ Class: RURAL Main use : Agricultural Built area: Year of construction: Cuhlvo C - Labor or Labradlo cecano Peod+a¢tlv a S 0 3 6.6B 8 DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference: 14062A005000420000DM Graphical area : 699 m2 Share of the property : 100. 00% yjpg. This document is not a cadastral certification, but its data can be verified through the "Access to unprotected cadastral data from the SEC." 4 3 26 t 4 5 ca : 1/2500

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Location: Polygon 5 Plot 43 NAVARODES. TORRECAMPO [CÓRDOBA] Class: RUSTIC Main use : Agriculture Built area: Building area: Curve 0 C - Labor or Labradlo cecaro 0 3 1 6,6 5 3 DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A00500043D000DO Graphical area : 16,653 m2 Property share : 1D0. 00% 26 f 4 2 4 5 Scale : 1/250 0 This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC."

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ANNEX lIALLEASE AGREEMENTß \|ENTO: NOTESINPLE

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E'uoha do &n1 c1ón: JO/09/2O2 •t 12 : 03 ‹ Tt So11o16cn6e • CARRERA R£DONOG, •J \ !1 1/ \ II N ƒ '9 6L o Lhn : 2 ¢›\*/ r› r \ un icip1o : 7ORRECAf'tP0 CRU: l40l30004lt470 Nature of the property: RUSTIC: RUSTIC - Participation fee : € Cadastral reference : l4062A0050O039000ODM Public road : PARAJE NAVARODES Land area : Ha:0 to:70 Boundaries: North, Camino de Almaden. South, Esperanza González Santofimia. East, Francisca Calvo Pastor. West, Rafael Pozo Haro and wife. ?ir›:m: 4\*.3' ---------- DESCRIPTION OF THE EINCA ---------- LOCATION: Plot of dry land located in the Naverodes area , in the municipality of Lorrecampo. It covers an area of seventy acres . It borders to the north with the Camino de Almadén, to the east with Doña Francisca Calvo Pastor, to the south with Esperanza González Santofimia , and to the west with Don Rafael Pozo Haro and his wife. The property is not graphically coordinated with the land registry . OWNERSHIP N.I.F. VOLUME BOOK FOLIO REGISTRATION CABRERA COR3'B9, 7UI›ZA N 30 . 176 . 2 II - G 8 9 4 5 2 1 8 9 2 RBDO¥tDO CAI\*BRO, OVAXA TOTAL ownership for your community property. Title: Sale. Formalized in a deed dated 12/01/2016, authorized in VILLANUEVA DE CÓRDOE by MS. ITZIAR RAMOS BEDIHA, protocol no. 622. C . 8. V. : 21401310B5Cz'7334 Scanned with CamScanner

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- --- - CARQA8 POg PROCSDgRCSA ---- ----- No csrga\* records found It affects the payment in favor of the Public Treasury , due to the supplementary settlement that may be generated by the Tax on Property Transfers and Legal Acts . Legal documents, for the legal act referred to in Note number 1 in the margin of entry 2 , for a period of 5 years from January 10 , 2017 . Documents relating to the property submitted and pending dispatch, with the entry of submission valid at the close of the Daily Ledger on the day prior to the date of issue of this note : There are NO ‹documents pending dispatch A 9 'ZSO • gives the cons fignados in J a pcesen de nota se ze/ 1 ezezi a ó 1 a che 3 0 / 09 / 2 'c" 2 ' 4 12 . 03 . 54 , anf : es de la apec ¢ u ca del d 1 to zú' o . , A 1 for the purposes of Reg1 amen f:o Geneca1 of Pro f:eccú ón de Da los úC1 6/ ET' - •" c/eJ £'ucopeo y ÓeJ Council, of 27 of abz11 of 2016, zeJaclvo Ag7E Paz1aaienCo o€eccldn Óe people people E1sícas in Jo that respect to tcaf:ara:iento de j>evo o na2e s an d to 1íóc e c1ccu1ac ! ón che these c/atos (in accord a nc e wit h the "GDPR"), to - p da•s s pe n Oe conEorm1dad with what follows in the request cfe pub 11c1dad regis Pza , s cíatos persona 1en expressed in the ut siria han s1do and will be oÓ¿eto Óe Pza taaleü a e 1ncozpocados to the k1ócos and azch1vos of the /teg1stzo, whose zesponsaóJe e\* \* - Reg1atcadoz, being the use and lin cnel t:Ka ¢ainienf:o the which s 1eve base I eg1t: those collected Α " pzes•1 s""s expesaiaenf:e in the noc/na II va ceg1s f:ca 1, 1iaadoz -- ‹ - ie is czataa1ent:o. - In accordance with Article 6 of the first amendment to the General Section of the Regulations , adopted on May 17 , 1998 , the following provisions shall apply : ƒ s zs 1 saios secán ced 1 doa with the objective Óe sacls/acer the right ÓeJ ti tu dar Óe the \*s E 1 nca/s o right/a lnsczl tos in the /teg 1 sLro a sec In/ozxiado, at their request, deü noaóce or the name and address of the person or persons who have provided specific information about them or their parents . - - II peck odo che consecvac:L ón de 1os da tos se de cecn Ina cá de a cuecÓo a 1 os ri cero s es tabú ectdoe en la eg:i s1act dn ceg1 s cha1, Keso1 uei ones de la DE cecc i ón Gene ca1 de os AogJa tzoa y del f/otaz1ac/o e : ins t cucc 1 ones co eg i a 1 es . In the case of the fa cx uca c i ón Óe sezvlcJoa, di chos perf odoe de con secva el ón se de t ecal nacán de acuezc/c o Ja norma a t 1 a meca y t lóutaria ap 1 í caó 1 e en cada nomen ¢ o . In any case, e . 1 Av' . gé a tro p : ›‹ : Irá conserva c 1 oe da zOB OK En t : ! einpo supec i oc a 1 os ind 1 cados con £ ocae a d 1 chos ccl te el os norma thor en aque 11 os supues los en que sea necesa zl o poe la ex 1 stencla de cesponsaó 1 J)dadas dec ! vada s cfe Ja since tacJdn secvi cio . - - :i n:F:oziaac1 ón puerta a ou d1spos1ci ón es pa za s u uno exc1 us1vo y t ‹ene cazá cien ú n f: : za nsfec1bJ e y oo n f : Idenc1 a 1 y ún 1 caven te podc á u L i 1 1 z, ars e par a J a : F :1 na1 1 da d jo e a C . g .Y, : 21401310B5CS'7334 Scanned with CamScanner

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30,176,211 - G 1148 ---------- DESCRIPTION OF THE E'IXCA ---------- BBFTICh . - RXfRR 8 ACIh ChThSTRhL : 14062 A 005000430000 DO . Piece of land : aro ü'= . a :: c : : third class located in the Navarodes area in the municipality of Torrecampo, :: area ex --- s . -- surface area of one hectare, sixty - six areas and fifty) • three centiares, .. r . - = . H : rte, with Dofm Veredas Rodriguez Estrella, to the east, with Doña Francisca Calvc ? as :: i, a . J . - , with DcAa Dolores Risquez Pastor, and to the west, with the road to Santa £ ufería and ' -- : - : - Pnrperezas . Fiacw Ao - rtbúrmdo with graphic cadastre . N€mM8A IITOLAR Tax ID T O t'f O LZ8RO FOLIO MZn 62 13 y'\*• . mhD d ¥ plorio ‹kimln£o for its partnership with qananc ia les . Title: CoapravenLa . Registered in the registry on 11/ 26/2018, authorized in VILLANUEVA GE ú0StD

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CamScanne Scanning with CamScanner

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g$ gg• Dg 1,A pROPS ¥DA0 Dg POZOBI+MICO mean & m£s ión : 30f 08/2 0 2 4 13 : 10 : 09 so11o1enr›e« : cABRERA REt›oiioo, auL i N H• P•ei ct ór› \* fi 6 \*• Start : TORREChFiPO Order : 0 CRU: 14013000432194 Nature of the property: RUSTIC: Socano - Patient share: $ Tax exemption : HO CON8TA Public road: PARAJE hIRALOBOS Land area : Ha : 115 a : 62 ca : 87 Boundaries: North, REST OF THE MAIN PROPERTY South, HOYA CONDESA East, LOCAL ROAD FROM TORRECAMPO TO SAN BENITO West, PRA GROUP OF COMPANIES £'i rio : 4 4 0 G ---------- oEsc IecibH OF THE PROPERTY ---------- RbSTICh : Piece of land, dry pasture, located in the area known as Niraloboo, Ropereza , and Tierra Abajo, in the municipality of Torrecampo, covering one hundred and fifteen hectares, six hundred and two areas , and eighty - seven centiares . It is marked with the letter B . It borders to the north with the rest of the main estate or plot marked with the letter A , to the south with several plots in the areas known as 'oy - Condesa' and 'Ropereza', belonging to various owners, to the east with the local road from Torrecsmrc to San Benito and several plots, and to the west with the 'Dehesa Vieja' estate owned by the entity 'Grupo de Empresas Pra, S . A . ' and the 'Dehesilla' estate owned by the Romero Bianco brothers . E'fAcx Not registered with the land registry . TITLE NC4BAB TITDLAR N.I.F. VOLUME BOOK FOLIO REGISTRATION CORTR9, JULIAN Ch8RRRh RRDCABD CALRRO, JOAHA 30 , 17 6 , 2 1 1 - G 87 5 5 1 5 3 l 30,174,018 - L TOTMLIDhD dsl full ownership with joint ownership . Title: Sale. Formalized in a deed dated 10/01/1990, authorized in CORDOBA, MANUEL CASTILLA TORRES. ---------- CHARGES BY ORIGIN ---------- NO registered encumbrances C . 9.V. : 214O13109320B3CP CamScanner Scanned with CamScanner

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CamScanner Scanning with CamScanner

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ANNEX III TO THE RENTAL AG REEMENT Edit ITURî S DE ćOI \ IPR4.\*. F.NI.4

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C Y2914644 PURCHASE AGREEMENT GRANTED BY MARIA MARQUEZ RONRRD IN FAVOR OF JULIAN CABRERA C0RTE8 NUMBER FIVE HUNDRED AND SIXTY - FIVE . a n Almodóva r de l Campo , ml rea i dencla , a C‹t - July 2016. -------- ' --- Before me: MAURICIO - MANUEL OCAÑA MONROY , Notary Public Member of the Illustrious College of Castilla - La Mancha. -- On the one hand: MS. MRRIA MARQUEZ ROMERO , of legal age, married, resident a t cal l e of Puertollano (Ciudad Real), with address at Vega zpi , number 5, and provi sEa of your ID/Tax ID number 05 . 864 . 848 - D --------- And on the oth er hand : p,j 2 j ,gg, 2 g¡J CnaRERA CORTES of legal age, married under the supplementary legal regime of joint ownership of property with DOfiA JUANA REDONDO cALERO, resident of V illanueva Córdoba í. Córdoba) , with address at Calle I Agun a del de Pino, number 12, and provided b y Scanned with CamScanner

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{ipal' la p e:‹ro(n rw‹'tl1llt« ‹h• PURCHASE AGREEMENT, and ai . - -- -- -- EXPONEN : owns, on an exclusive basis , full ownership from the farm rustic , available: LAND labor dry land, in t érmino juni c ipal of Torrecampo (Córdoba), in the area known as pg n LAGUH A D E COBOS , measurin g seventy - tw o area s an d seventy - tw o centiaras . Borders : North , South , an d West, Camino de Entrada (plot 9010), although, as stated, to the North and West it borders the current buyer, Mr. Julián Cabrera . Cortés; and East, Camino del Carril de la Loma (parce la 9009) It is plot 27 of polygon 5 of CaLas - . Reference Cap ital : 14 062A0 050 002 7000 ODA . I attach to this document the certification cat astral and graphic description . ' Scanned with CamScanner

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TITLE I: INTRODUCTION . - TtuMT i‹wU ' .' di nu o f vminte a iios , lackin g sufficient documentation , accreditation , and registration in the Property Registry D=q j o ml i do a es ca mal ri z a Lodo s l os e f ec - tos, testimony on paper exclusively for notarial deeds from the formal advertising medium provided by the Property Registry I advise the parties that the following prevails over the information or statement contained in the preceding and following paragraphs , the registration status existing at the time of submission to the Property Registry of the certified copy of this deed . The transferring party declares that the property described is free of encumbrances and liens. Scanned with CannSca i‹r,er

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VI ll Gttüov ti De rlo£in , DOÑA VEREDAS RODRÍGUEZ EgTRRLLA, elder <=# . 'o r r e field , pr o v in c e : of +.ó rdoba , dom l C i I l aOñ - :0.164.283 - J From the DON JULIÁN CABRERA CORTÉS, mayor of ' , Janade ro, ca sado in registered le ga l tte 9ariane i a i e - • prov i nc i a of Córdoba , COt2 dOftl i c i l io with yoke l c‹n CL . L £ l quna from 1 P i no n o 12, N (14 4 i 0) and Co l Y \* - - Scanned with Ca Scanne r

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EXHIBIT === 1. - That MS. VRRRDAS RODRIGURZ ESTRRLIA, -- owners with exclusive character of full dominion - c=. the following property: f lnca: - — ---------------- — - — -- ——— - - RIJS2ICA. - Piece of dry land , d= fairy 3 ^ Class, which is rooted in place Navaxodes , in the municipality of Torrecaopo (Córdoba) , with a surface area of sixty - six areas and ninety and nine centiaras (0. 6699 ha) , que l nJs to the north, with Doña Nar1a Prudenc i a Xoyano Rose ro , and Don Rafael Pozo Llamo, to the east, with Dolía Franc1s ƒ a Ca lvo Pa g tor, to the south, with Don Juan Nol ina Romero, and by el Oeste, with the Ronperas River . ----------- TASTING DATA S . - Par cel 2 of pol i 9onO of the C adastre o f with CamScanner Rusti c o f TOr recairpo , n e

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statements, Article 1 d . 2 . b ; of Text 1 e • uo‹ 1 i " : astro in drafting› c\|ucM ua ía physical reality the result descriptive and graphic cadastral survey . --------- TIC. - The property described I ƒ í' ƒ •bJub sc anned with CamScanner

## Exhibit 10.21

**Exhibit 10.21**

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LAND LEASE AGREEMENT

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In Madrid, on February 24, 2025 GATHERED On the one hand, Mr. Francisco Partearroyo Lacaba, of legal age, of Spanish nationality , residing at (28029) MADRID (Spain), Arzobispo Morcillo No. 22, 8• C and with ID No . 03773 O 17 M, hereinafter referred to as "OWNER" . And on the other hand, Mr . José A . Mora Góngora, of legal age, of Spanish nationality and with ID No . 79 . 203 . 459 - S, representing the commercial company NGE SPÆN SOLIA RENEWABLES SL , a Spanish company with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B, hereinafter referred to as the " DEVELOPER AND LESSEE . " PARTIES The PROPERTY acting as representative of CB - Hermanos Partøarroyo Lacaba, CIF - E 85728277 , with the same registered address as its representative and considering itself to have sufficient legal capacity to enter into this lease agreement . The DEVELOPER acting in its own name and right and considering itself to have sufficient legal capacity for this contract . THEY STATE 1 . - That the PROPERTY is the owner of the full title to the rural "premises" described below, all of which are part of the " Malpica Estate ," hereinafter referred to as the "PREMISES covered by the Contract" : - Premises 8 of plot 11 , polygon 25 of Mora de Toledo Cadastral Reference : 45107 A 025000100000 MS ............................ 44 . 1434 hectares . - Premises 6 of plot 11 , polygon 25 of Mora de Toledo Cadastral Reference : 45107 A 025000100000 MS ............................ 61 . 1149 ha . Total hectares covered by the lease .............. , .............................. 105 . 2583 hectares . - The MALPICA estate covers an area of two hundred and twenty - three hectares, eighty - two areas and thirty centiares (223 . 8230 ha) and is registered in the Orgaz Property Registry in volume 1100 , book 260 , folio 131 , estate no . 25130 /bis . A simple informative note from the property registry is attached as ANNEX 1 , as well as the cadastral certification , which is incorporated into this document as "ANNEX 2 . " 2 . - That the DEVELOPER expresses interest in the economic exploitation of the Properties through the construction and installation therein of the

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necessary elements to develop a business project consisting of the operation of a Type IV data center and a solar photovoltaic power plant of undetermined capacity (hereinafter the "PROJECT"). 3. - That the PROPERTY is interested in entering into a lease agreement with the DEVELOPER a lease agreement for the aforementioned property, accepting the said agreement. PREMISES indicated, consenting and Land Registry is attached hereto ANNEX 1. STIPULATIONS FIRST : Legal regulation This agreement is entered into under the provisions of the Civil Code , and is governed by the will of the Parties as expressed in the contract, and , additionally, by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation , and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The Lessor declares that the PROPERTIES are free of any encumbrances, proof of which a draft report from the contract the certifications or simple note as of the municipal district where the THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts it under the terms and conditions set forth in this contract, PREMISES 6 and 8 , identified as such by the SIGPAC viewer , of POLYGON 25 PLOT 11 of MORA DE TOLEDO, free of charges and encumbrances, as well as occupants and tenants . Likewise, it receives them up to date in the payment of contributions, taxes, duties, and free of expenses of any kind generated by any concept inherent or related to them , remaining so during the term of the Contract . Notwithstanding the foregoing, the Parties agree that the surface area, boundaries , and/or specific location of the Leased Area where the data center and solar photovoltaic installation will be located may be modified and adjusted by the DEVELOPER based on the technical requirements of the project, taking into account any possible restrictions and easements that may apply . Therefore, the leased area will be considered as usable area , thus adjusting the lease price to the final leased area . To this end, a plan will be attached to this contract , including details of the accesses and easements necessary for the installation . The lessor expressly grants the lessee full use and control of the leased area , as well as the demolition of any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace , and subsoil . 3

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FOURTH: Term, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows: Phase I: Studies and Permits • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . No income will be accrued during this phase . The duration of this phase will be 24 months, automatically extendable for another six months at the request of the DEVELOPER in the event of a justified delay ; however, if the DEVELOPER obtains all the necessary permits to begin Phase II, this will be the actual duration of Phase I . Phase II: Construction of the Project • During this phase, contractors will be selected and construction work will be carried out until the data center and solar plant are operational . The agreed annual rent for Phase III will be paid proportionally to the time elapsed between the start and completion of the works, in semi - annual payments in advance . The duration of this phase will be twelve (12) months , with the possibility of extension for a further six (6) months in the event of justified delay , with a record of the completion of this phase being drawn up . Phase III: Project Operation • During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of €2 , 000/ha. Payment shall be made in advance every six months , on the first fifteen days of each semester. F IFTH: Rent review The rent shall be annually index that replaces it . If the corresponding. reviewed according to the variation in the CPI published by the INE or CPI is negative, the review will not be carried out. SIXTH: Rights and obligations of the parties The PROPERTY owner shall act in good faith in the procedures necessary for the proj ec t , au t ho r izin g ne c es s ar y t h e DE V EL O PE R t o o c cup y t h e pa r t s of the PREMISES covered by the contract and to carry out the necessary infrastructure works . SEVENTH: Permits, licenses, and authorizations The DEVELOPER shall be solely responsible for obtaining all the necessary permits for the project and shall bear all related expenses .

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EIGHTH : Guarantees, sureties, and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment and other provisions that affect it . It shall hold the PROPERTY harmless from any liability arising from the project, the execution of the works , and the operation of the activity . NINTH : Use of the property by the owner The PROPERTY may continue with agricultural activity until the start of construction. If the DEVELOPER requires the immediate evacuation of the production agricultural cycle , the PROPERTY shall be compensated for the estimated value of the harvest according to market value and taking the immediately preceding year as a reference . DżCIMA : Breach and termination of contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to compensation for damages . The DEVELOPER may terminate this lease agreement at any time, unilaterally, without penalty and without compensation to the Property during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner , with the termination taking effect from the date of notification . Without prejudice to the power granted in this Provision, the DEVELOPER may, in any case and at any time during the three PHASES , with a minimum of 30 days' notice , terminate this contract without penalty or compensation in favor of the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, disrupts the economic balance of this contract or the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by the DEVELOPER in entering into this contract . Likewise, you may terminate it without penalty in the event of the denial of any permit that renders the project unfeasible . In any case, the DEVELOPER undertakes to leave the PREMISES covered by the contract in the same condition as they were at the start of the works . To this end, and in the event that this is not legally stipulated, the DEVELOPER shall provide a guarantee in favor of the PROPERTY, for an amount equivalent to the cost of dismantling, to ensure the dismantling of the land and its return to its original state in the event that the DEVELOPER fails to carry out the dismantling . This guarantee shall be provided at the start of PHASE III and shall be renewable annually . 5

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UNDI 2 CIMA : Transfer of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract . TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER . The DEVELOPER waives the right of first refusal and repurchase in all cases . THIRTEENTH : Acknowledgment THE LESSEE and THE LESSOR (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract, the participation as INTERMEDIARY of D^ CELIA CAÑERO HINOJOSA, with ID number 47 , 207 , 370 - P . (or any natural or legal person that may be designated) , undertaking, for this purpose, to pay the professional fees corresponding to each party in accordance with the contract signed between them, with both the LESSEE and the LESSOR assuming the economic, legal , and technical conditions contained therein . FOURTEENTH . - Sole agreement This contract supersedes any previous agreement related to its subject matter . Any modification must be in writing and signed by both parties . FIFTEENTH : Partial nullity The invalidity of any provision shall not affect the validity of the remainder of the contract . SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party, with the costs being borne by the party requesting it. requests. This contract shall be notarized at the latest once the municipal building permit and other permits have been granted , with the costs being borne by the DEVELOPER. 6 the r e sp o nsi b ili t y of the

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EIGHTEENTH: Expenses and taxes expenses arising from the and The taxes covered by the DEVELOPER. will be contract NINETEENTH : Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Orgaz, with both parties agreeing to conciliation even if it is not mandatory . And in witness whereof, the parties sign the contract in duplicate and with a single effect at the place and date indicated . THE PROPERTY, Hermanos Partearroyo Lacaba C . B . , through its legal representative NGE SPAIN SOLIA RENEWABLES SL, through its THE DEVELOPER legal representative

## Exhibit 10.22

**Exhibit 10.22**

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LAND LEASE AGREEMENT

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In Cáceres, on May 26 , 2025 GATHERED On the one hand, Mr . ANTONIO MARIA ANDRADA BERMEJO, of legal age, of Spanish nationality , residing at C/ Massamagrell n ƒ 9 D, P 11 22 , 46 . 137 Valencia (Spain) and with ID number 07 . 007 . 889 - L, hereinafter referred to as "PROPERTY" . And on the other hand, Mr . José A . Mora Góngora, of legal age, of Spanish nationality and with ID number 79 . 203 . 459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL, a Spanish entity with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B , and Tax ID No . B - 90346198 , hereinafter identified as the " DEVELOPER AND/OR LESSEE . " PARTIES The PROPERTY acting in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . Acting the DEVELOPER in its own name and r i g h t and considering themselves to have sufficient legal capacity for this contract. THEY STATE G That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES," which are registered in the name of the Property in the Cáceres 1 Property Registry under registration number 97072 with the following cadastral references : No. Ref. Polygon 17 17 Parcel Total Area 4 357,411 m ² 3 346,975 m 2 Cácere s Municipality Cadastral Reference Cáceres 10900A017000040000MH 10900A017000030000MU Copies of the public deeds , title deeds , or simple informative note from the property registry are attached , as well as the cadastral certification , which is incorporated into this document as "ANNEX 1 . " 0 That the DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a type IV data center and a photovoltaic solar plant of a power to be determined (hereinafter the "PROJECT") . 2

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G That the PROPERTY is interested in finalizing a lease agreement with the DEVELOPER for the PROPERTIES, consenting to and accepting the aforementioned agreement . STIPULATIONS FIRST : Legal regime This contract is entered into under the provisions of the Civil Code , and is governed by the will of the Parties expressed in the contract, and additionally by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation, and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the certificates or simple informative note from the Land Registry of the municipality where the project is located , attached to this contract as ANNEX 1 . THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts it under the terms and conditions set forth in this contract , the PROPERTY, with a total leased area of SEVENTY HECTARES , FORTY - THREE AREAS , AND EIGHTY - SIX CENTIAREAS (70 . 4386 has), free of encumbrances and liens, as well as occupants and tenants . Likewise, it receives it up to date in the payment of contributions, taxes, duties , and free of expenses of any kind generated by any concept inherent or accessory to it . The Lessor expressly authorizes the Lessee to make full use and control of the leased area , as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace , and subsoil . FOURTH : Term, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows :

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Phase I: Studies and Permits 0 This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . This phase will last 24 months from the signing of this contract, with an initial payment of EUR 100 /ha per year accruing from the date of obtaining the consolidated supply point and the favorable urban planning compatibility report . This payment will accrue on the date of obtaining the last of these two permits . In the event of an extension of the deadline due to a justified delay , additional payments of EUR 100 /ha per year of extension will be made . This amount — plus any applicable VAT or substitute tax — shall be paid by bank transfer to the account indicated by the Owner within a maximum period of fifteen (15) days from the signing of this contract . Notwithstanding the foregoing, the following condition subsequent is established : The LESSEE must request the urban compatibility report (hereinafter "ICU") within two (2) months of signing this contract, which must be resolved within six months (automatically extendable to a maximum of twelve months if it has not been resolved within that period) . Once the urban planning compatibility report has been obtained and , provided that it is favorable, the LESSEE must request the supply point within six (6) months from the date of obtaining said favorable report . This period may be extended unilaterally for the same duration, that is, for a period of six months . (6) additional months , at the request of the LESSEE , if necessary due to the material impossibility of submitting the application within the initial period ; to this end, a communication from the LESSEE to the LESSOR informing them of the start of the aforementioned extension shall suffice . In the event that the urban planning compatibility report and/or the supply point is unfavorable and/or these deadlines are not met by the LESSEE for the application of both requests with their extensions, this contract shall be automatically terminated without the parties having any claims against each other . Phase II: Project Construction G During this phase, builders will be selected and construction will be carried out until the data center and solar plant are operational . The annual rent agreed upon for Phase III will be paid proportionally to the time elapsed between the start and completion of construction, with payments

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semester in advance . This phase will last twelve (12) months , with the possibility of extending it for a further six (6) months in the event of justified delays . Phase III: Project Operation R During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of € 2 , 200 /ha . Payment will be made every six months in advance, in the first fifteen days of each six - month period . F IFTH : Rent review The rent will be reviewed annually, from the signing of this contract, according to the variation of the CPI published by the INE or the index that replaces it . If the CPI is negative, the corresponding review will not be carried out . SIXTH : Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure works . SEVENTH : Permits, licenses, and authorizations Obtaining all necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH : Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project . NINTH : Use of the property by the owner The PROPERTY may continue with agricultural and livestock activities until the start of construction . If the DEVELOPER requires prior eviction , the PROPERTY shall be compensated as established . TENTH : Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages .

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The DEVELOPER may terminate this lease agreement early and unilaterally, without incurring any penalty or paying any compensation to the PROPERTY during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner, with the termination taking effect from the date of notification . Notwithstanding the power granted in this Provision, the DEVELOPER may, in any case and at any time , with a minimum of 30 days' notice , terminate this contract without any penalty to it or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, disrupts the economic balance of this contract or the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties in entering into this contract, as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that makes the project unfeasible . ELEVENTH : Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract . TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER . THIRTEENTH : Acknowledgment THE LESSEE (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract, the participation as INTERMEDIARY of Dá CELIA CAÑERO HINOJOSA, with ID number 47 . 207 . 370 - P, (or any other natural or legal person they may designate) . The LESSEE undertakes to pay the corresponding professional fees , in accordance with the agreement previously established with the intermediary, accepting the economic, legal , and technical conditions detailed therein . FOURTEENTH . - Sole agreement This contract supersedes any previous agreement relating to its subject matter . Any amendments must be made in writing and signed by both parties . FIFTEENTH : Partial invalidity The invalidity of one provision shall not affect the validity of the rest of the contract . 6

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SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party . EIGHTEENTH : Expenses and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER . NINETEENTH : Miscellaneous The Property declares that the plots located in the same area as the property covered by this contract, with the following cadastral references : - 10900A017000710000MH - - 10050A012000410000OT - 10050A013000010000OZ They are subject to lease agreements entered into prior to this agreement, therefore the establishment of any easement or action affecting these plots will require agreement between the Lessee and the entity that holds the title to the agreement . TWENTY : Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Cáceres . In witness whereof, the parties sign this contract in duplicate and for a single purpose in the place and on the date indicated . THE PROPERTY

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D. D. ANTONIO MARIA ANDRADA BERMEJO THE DEVELOPER Legal Representative of E SPAIN SOLIA RENEWABLES SL Mr. JOSE A MORA

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ANNEX I TO THE LEASE AGREEMENT : CADASTRE REFERENCES

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7 0 GOVERN M ENT OF SPAI N SECRETARIAT oE VICE PRESIDENCY Esr

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G OVERNMENT ' ' SECRETARY OF STATE GOVERNMENT PHILANTHROPY ^^\*!^^ PIINCTERIO Location: Polygon 17, Plot 4 VALDEFLORES. CACERES [CÁCERES] Class : RUSTIC Main use : Agricultural Built area : Year of construction : DTRECClOfüGENERA L DELCATASTRO DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA ON REAL ESTATE PROPERTY Cadastral reference : 10900A017000040000MH Graphic area : 357,411 m2 Property share: 100. 00% Type: Unique registration code : 10014000895112 Coordination date : 11/29/2017 Cadastral islands that are inconsistent with the coordination plan and affect the geometry of the plot This document is not a cadastral survey, but its data can be verified through the "Access to unprotected cadastral data from the SEC" Thursday , 12 of Decemberof 2024 GRAPHIC COORDINATION WITH THE PROPERTY REGISTRY Registration: CACERES 1 CULTIVATI ON Area m² Production intensity Crop/use Subplot 355,37 1 07 C - Labor or dry farming a 60 0 00 PZ Wells, ponds, pools, waves b 1,44 0 00 I - Unproductive ç

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ANNEX II TO THE LEASE AGREEMENT : SIMPLE NOTE

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Page 1 of 4 REGISTRY INFORMATION Registration information issued by: MARIA ROSA FUENTES CRUZ Property Registrar at the CÁCERES PROPERTY REGISTRY 1 Avda. España, 1 10004 - CÁCERES (CACERES) Telephone: 927226049 Fax: 927212305 Email: caceres1@registrodelapropiedad.org corresponding to the request made by: ANTONIO MARÍA ANDRADA BERMEJO with ID/Tax ID: 7007889L LEGITIMATE INTEREST CLAIMED: The applicant holds certain rights over the property. REQUEST IDENTIFIER N98P P59 T (Please quote this identifier for any questions relating to this simple note) Your reference.

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SSGIßznO DB Z.k P9oPIB»AD CńCB«Bß 1 mmrixos\* mxmxsœoz 1vd gapaAæ No. 1 PAX: 937211305 Date of issue: FEBRUARY 14 , 2025 DLTOß rlxcAos cicssas x•: R7o72 Unique identifier of the Rmgictrnl: 10014000927950 Naturalcna RUSTICA: rustica Location: 10004 CACERES PARAJE VICARIO PALOMAR Cadastral reference: 10900A0l7000040000ÆB Polygon: 17 Plot: 4 Surface area: Land: Ha: 71 a: 15 ca: 47 DESCRIPTIO N FAR M RUSTIC : FARM LAND and part of PASTURES, originating from what was once Dehesa Matachel y Vicario, in the VICARIO PALOMAR area , in the municipality of Cáceres . It has an area of SEVENTY - ONE HECTARES AND FORTY - SEVEN CENTIARES . It is comprising plots numbers 3 and 4 of Polygon 17 . Bordered : to the north by plot number 9000 , Regional Road CC - 100 , in Polygon 16 , and plot 9009 in Polygon 17 , Camino de San Francisco, in the municipality of Cáceres ; to the south by the property separated and transferred to Mr . Antonio Maria Andrada Bermejo ; West, with plot 2 of Polygon 17 in the municipality of Cáceres ; and East, with plots 18 and 9002 - rural road - , of Polygon 17 , in the municipality of Cáceres . Tax ID TOÆO LIBRO EOLIO BADA B B œ€B úÔ , ßž f g 'OXIO š 4 AR Z 1 1 07.007.889 - L 100.000000% (TOTAL) 100.000000% of the full amount of 289 4 183 9 15 5 Binio by title of dedication and extinction of the community . The deed dated January 29 , 1993 , has been rectified and clarified by another deed authorized by the Notary of Arroyo de la Luz, Mr . Andrés Maria Sánchez Galainena, on October 3 , 2019 , number 1544 of his protocol . Formalized in a deed dated 01/29/93, authorized in CACERES, JAVIER , MANRIQUE PLAZA, protocol number 163 . Registered on Volume 1 2 894 Book 1 839 Folio . 155 Date 03 / 06 / 2020 ÿiitilÿijtiitÿțtțijjtțÿItj¡ÿÿlillilliiliiiiii P ag e 2of 4 RegisteredŒ o B fes -

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IBFOHMAŒÓNREGISTRAL NO encumbrances registered Documents relating to the property submitted and pending dispatch, with the entry valid at the close of the Daily Log on the day prior to the date of issue of this note : There are NO documents pending dispatch ZI4FORMAC ZÓI4 BASIC INFORMATION ON THE PR OTECTION OF PERSON AL DATA Data Controller : Registrar/Entity listed in the header of the document. For more information, please refer to the rest of the data protection information . Purpose of processing : Provision of the requested registration service , including associated notifications and , where applicable , billing for the service, as well as compliance with legislation on money laundering and terrorist financing , which may include profiling . Legal basis for processing: Data processing is necessary: for the fulfillment of a mission carried out in the public interest or in the exercise of public powers conferred on the registrar, in compliance with the corresponding legal obligations , as well as for the execution of the requested service . Rights: Mortgage and commercial legislation establish a special regime regarding the exercise of certain rights, which will be complied with. For matters not covered by the registry regulations , the provisions of data protection legislation shall apply , as indicated in the additional information . In any case, the exercise of the rights recognized by data protection legislation t o the owners of the data shall comply with the requirements of the registry procedure . Data categories : Identifying information, contact details, other data available in the additional data protection information . Recipients: Data processing by other recipients is anticipated . No international transfers are anticipated. Sources o f dat a : Dat a ma y come from : th e dat a subject themselves , their representative, legal representative , agency/consultancy. Other data protection informatio n : Availabl e at https://www.registradores.org/politica - de - privacidad - servicios - registrales depending on the type of registration service requested. TERMS OF USE OF THE INFORMATION The information made available to you is for your exclusive use and is non - transferable and confidential , and may only be used for the purpose for which the information was requested . The transmission o r transfer of the information by the user to any other person, even free of charge, is prohibited . In accordance with the Instruction of the Directorate General of Registries and Notaries of February 17 , 1998 , the incorporation of the data contained in the registry information i n t o files or ï!iji!ÿiliiÿÿłił ț iì,i.ÿ ț /j .ÿiiiiiii iii ii l¥MWREGłSlRà0ORESORG) Pa g e3 of 4

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## Exhibit 10.23

**Exhibit 10.23**

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In Seville, on December 18 , 2024 GATHERED On the one hand, NGE SPAIN SOLIA RENEWABLES SL , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo b, 41 . 011 Seville (Seville) and Tax ID Number : B - 90346198 , duly represented by its attorney, Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 4578 - Z – hereinafter the " Assignor . " And on the other hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and tax identification number B - 55434377 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : DECLARE I . - That the Ass ign or is the owner of the rights derived from the lease agreement signed between the Assignor and Mr . José García Belmonte, in his capacity as lessor, dated November 4 , 2024 , and that its purpose is the use and exploitation of an area corresponding to 103 . 5912 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following property : ADDRESS: POLÍGONO 2 PARCELAS 1 - 2 - 3 - 4 and POLÍGONO 3 PARCELAS 82 - 83, in the municipal district of of Vianos REGISTRATION. - POLYGON 2 PLOT 1: Volume: 967 Book: 45 Folio 33 Property no. 3,678 Alcaraz Property Registry. POLYGON 2 PLOT 2: Volume: 967 Book: 45 Folio 39 Property no. 3,679 Alcaraz Property Registry. POLYGON 2 PLOT 3: Volume: 967 Book: 45 Folio 37 Property no. 3,681 Alcaraz Property Registry. POLYGON 2 PLOT 4: Volume: 967 Book: 45 Folio 39 Property no. 3,682 Alcaraz Property Registry. POLYGON 3 PLOT 82: Volume: 967 Book: 45 Folio 31 Property no. 3,677 Alcaraz Property Registry. 1 / 3

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POLYGON 3 PLOT 83: Volume: 967 Book: 45 Folio 41 Property no. 3,683 Alcaraz Property Registry. TITLE. - 100% full ownership by title of sale, for his community property. LIENS, LEASE STATUS, AND OTHER ENCUMBRANCES : Free of liens and liens, except for tax liabilities. CADASTRE REGISTRY : 02076A002000010000FH - 02076A002000020000FW - 02076A002000030000FA - 02076A002000040000FB - 02076A003000820000FG - 02076A003000830000FQ Attached to this contract, as a SINGLE ANNEX, forming an integral part thereof, is the lease agreement, hereinafter referred to as the " Lease Agreement ." II . - That the Assignee is a company dedicated to the industrial sector, interested in the development of data centers with solar photovoltaic installations in Spain, having signed for this purpose on December 3 , 2024 , with the company NGE SPAIN SOLIA RENEWABLES S . L . , a service provision contract for the development of this type of facility in Spain, hereinafter referred to as the " Development Contract . " III . - That the Development Agreement provides, among other milestones, for the assignment of the lease agreements signed by the Assignor on the properties where the data center and the solar photovoltaic installation will be located in favor of the Assignee . IV . - That both parties have agreed and consent to the transfer of the rights of the Lease Agreement described in the first recital, which is hereby effected subject to the following : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 103 . 5912 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, thereby assuming the position previously held by the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , all rights and obligations arising from the Lease Agreement are hereby assigned , and the 2 / 3

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Assignor is hereby fully exonerated from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it can be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . If a dispute is not resolved in accordance with the previous paragraph within ten (10) business days from the start of the dispute, then, at the choice of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness thereof and with the obligation to comply with it, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : 3 / 3 MARIA DEL CARMEN - 7 9 20 3 4 5 8 Z Digitally signed by MORA 79203458Z Recognition name (DN): c=ES, serialNumber=IDCES - 79203458Z, givenName=MARIA DEL CARMEN, sn=MORA GONGORA, cn=MORA GONGORA MARIA DEL CARMEN - 79203458Z Date: 2024.12.18 14:41:59 +01'00' NGE SPAIN SOLIA RENEWABLES SL Duly represented by Ms. Mª CARMEN MORA GÓNGORA Digitally signed by 79203459S JOSE ANTONIO MORA (R: B55434377) Recognition name (DN): 2.5.4.13=Reg:41021 /Sheet:SE - 145070 / IRUS:1000424288990 /Date:07/01/2024 / Registration:1, serialNumber=IDCES - 79203459S, givenName=JOSE ANTONIO, sn=MORA GONGORA, cn=79203459S JOSE ANTONIO MORA (R: B55434377), 2.5.4.97=VATES - B55434377, o=BLACKBERRY AIF SOCIEDAD LIMITADA, c=ES Date: 2024.12.18 14:42:26 +01'00' BLACKBERRY AIF SL. Duly represented by Mr. JOSÉ ANTONIO MORA GÓNGORA MORA GONGORA GONGORA MARIA DEL CARMEN - The Assignee: 79203459 S JOSE M AN O T R O A N (I R O : B 5543437 7)

## Exhibit 10.24

**Exhibit 10.24**

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In Seville, on March 6 , 2025 GATHERED On the one hand, NGE SPAIN SOLIA RENEWABLES SL , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo b, 41 . 011 Seville (Seville) and Tax ID Number : B - 90346198 , duly represented in this proceeding by its attorney - in - fact, Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 4578 - Z – hereinafter the " Assignor . " And on the other hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and tax identification number B - 55434377 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - hereinafter "the Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : DECLARE I . - That the Ass ign or is the owner of the rights derived from the lease agreement signed between the Assignor and C . B . Hermanos Partearroyo, in its capacity as lessor, dated February 24 , 2025 , and that its purpose is the use and exploitation of an area corresponding to 105 . 2583 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following properties : 1 / 3 Attached to this contract, as a SINGLE ANNEX, forming an integral part thereof, is the lease agreement, hereinafter referred to as the " Lease Agreement ." II . - That the Assignee is a company dedicated to the industrial sector, interested in the development of data centers with solar photovoltaic installations in Spain, having signed for this purpose on December 3 , 2024 , with the company NGE SPAIN SOLIA RENEWABLES S . L . , a service provision contract for the development of this type of facility in Spain, hereinafter referred to as the " Development Contract . "

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2 / 3 III . - That the Development Agreement provides, among other milestones, for the assignment of the lease agreements signed by the Assignor on the properties where the data center and the solar photovoltaic installation will be located in favor of the Assignee . IV . - That both parties have agreed and consented to the transfer of the rights of the Lease Agreement described in the first recital, which is hereby effected subject to the following : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 105 . 2583 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, thereby assuming the position previously held by the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , all rights and obligations arising from the Lease Agreement are hereby assigned , and the Assignor is hereby fully released from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . If a dispute is not resolved in accordance with the previous paragraph within ten (10) business days from the start of the dispute, then, at the choice of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) .

![](image_203.jpg)

3 / 3 Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor: Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 06/03/2025 with a certificate issued by AC FNMT Users NGE SPAIN SOLIA RENEWABLES SL Duly represented by Ms. Mª CARMEN MORA GÓNGORA The Assignee: Signed by \*\*\*0345\*\* JOSE ANTONIO MORA (R: \*\*\*\*3437\*) on 03/06/2025 with a certificate issued by AC Representación BLACKBERRY AIF SL. Duly represented by Mr. JOSÉ ANTONIO MORA GÓNGORA

## Exhibit 10.25

**Exhibit 10.25**

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In Seville, on March 25 , 2025 GATHERED On the one hand, NGE SPAIN SOLIA RENEWABLES SL , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo b, 41 . 011 Seville (Seville) and Tax ID Number : B - 90346198 , duly represented by its attorney, Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 4578 - Z – hereinafter the " Assignor . " And on the other hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and tax identification number B - 55434377 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : DECLARE I . - That the Ass ign or is the owner of the rights derived from the lease agreement signed between the Assignor and Mr . Julián Cabrera Cortés and Ms . Juana Redondo Calero, in their capacity as lessors, dated March 3 , 2025 , and that its purpose is the use and exploitation of an area corresponding to 119 . 4335 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following properties : 1 / 3 Attached to this contract, as a SINGLE ANNEX, forming an integral part thereof, is the lease agreement, hereinafter referred to as the " Lease Agreement ."

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2 / 3 II . - That the Assignee is a company dedicated to the industrial sector, interested in the development of data centers with solar photovoltaic installations in Spain, having signed for this purpose on December 3 , 2024 , with the company NGE SPAIN SOLIA RENEWABLES S . L . , a service agreement for the development of this type of facility in Spain — hereinafter the " Development Agreement . " III . - That the Development Agreement provides, among other milestones, for the assignment of the lease agreements signed by the Assignor on the properties where the data center and the solar photovoltaic installation will be located in favor of the Assignee . IV . - That both parties have agreed and consented to the transfer of the rights of the Lease Agreement described in the first recital, which is hereby effected subject to the following : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 119 . 4335 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, thereby assuming the position previously held by the Transferor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , each and every one of the rights and obligations arising from the Lease Agreement are deemed to have been assigned , and the Assignor is hereby fully exonerated from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . If a dispute is not resolved in accordance with the preceding paragraph within ten (10) business days

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3 / 3 business days from the start of the dispute, then, at the option of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 03/25/2025 with a certificate issued by AC FNMT Users NGE SPAIN SOLIA RENEWABLES SL Duly represented by Ms. Mª CARMEN MORA GÓNGORA The Assignee : Signed by \*\*\*0345\*\* JOSE ANTONIO MORA (R: \*\*\*\*3437\*) on 03/25/2025 with a certificate issued by AC Representation BLACKBERRY AIF SL. Duly represented by Mr. JOSÉ ANTONIO MORA GÓNGORA

## Exhibit 10.26

**Exhibit 10.26**

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In Seville, on March 20 , 2025 GATHERED On the one hand, NGE SPAIN SOLIA RENEWABLES SL , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo b, 41 . 011 Seville (Seville) and Tax ID Number : B - 90346198 , duly represented by its attorney, Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 4578 - Z – hereinafter the " Assignor . " And on the other hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and Tax ID number B - 55434377 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : DECLARE I . - That the Assignor , is the owner of the rights arising from the lease agreement signed between the Assignor and the PÉREZ PÉREZ - GIMÉNEZ siblings (Ms . Antonia, Mr . Fernando, Mr . Francisco José, and Mr . Ricardo Jesús), in their capacity as lessors, dated July 18 , 2024 , and addendum dated March 19 , 2025 , and that its purpose is the use and exploitation of an area corresponding to 124 . 3986 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following property : ADDRESS . - POLÍGONO 14 PARCELA 38 CÓRDOBA REGISTRATION . - Volume : 1 , 996 Book : 269 Folio 217 Property no . 16 , 447 , Córdoba Property Registry . TITLE . - Francisco Pérez Pérez - Giménez 16 . 6667 % of the full ownership with exclusive rights . Ricardo Jesús Pérez Pérez - Giménez 50 % of the full ownership with exclusive rights . Antonia Pérez Pérez - Giménez 16 . 666667 % of the full ownership with exclusive rights and Fernando Pérez Pérez - Giménez 1 / 6 of the full ownership with exclusive rights . ENCUMBRANCES, LEASEHOLD STATUS, AND OTHER LIENS : Those mentioned . in the simple registry note dated January 10 , 2024 . CADASTRE REFERENCE : 14900 A 014000380000 FS Attached to this contract, as a SINGLE ANNEX, forming an integral part thereof, is the contract of lease, at hereinafter referred to as the " 1 / 3

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Lease Agreement . " II . - That the Assignee is a company dedicated to the industrial sector, interested in the development of data centers with solar photovoltaic installations in Spain, having signed for this purpose on December 3 , 2024 , with the company NGE SPAIN SOLIA RENEWABLES S . L . , a service agreement for the development of this type of facility in Spain — hereinafter the "Development Agreement . " III . - That the Development Agreement provides, among other milestones, for the assignment of the lease agreements signed by the Assignor on the properties where the data center and the solar photovoltaic installation will be located in favor of the Assignee . IV . - That both parties have agreed and consented to the transfer of the rights of the Lease Agreement described in the first recital, which is hereby effected subject to the following : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 124 . 3986 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, thereby assuming the position previously held by the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , all rights and obligations arising from the Lease Agreement are hereby assigned , and the Assignor is hereby fully released from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . 2 / 3

![](image_197.jpg)

3 / 3 If a dispute is not resolved in accordance with the preceding paragraph within ten (10) business days from the start of the dispute, then, at the option of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 03/25/2025 with a certificate issued by AC FNMT Users NGE SPAIN SOLIA RENEWABLES SL Duly represented by Ms. Mª CARMEN MORA GÓNGORA The Assignee : Signed by \*\*\*0345\*\* JOSE ANTONIO MORA (R: \*\*\*\*3437\*) on March 25, 2025, with a certificate issued by AC BLACKBERRY AIF SL. Duly represented by Mr. JOSÉ ANTONIO MORA GÓNGORA

## Exhibit 10.27

**Exhibit 10.27**

![](image_190.jpg)

In Seville, on May 29 , 202S GATHERED On the one hand, NGE SPAIN SOLIA RENEWABLES SL, a Spanish company with registered office in Seville, at Calle Virgen de Luján No . SO , Block 2 , Ground Floor B, 41011 Seville (Seville) , and Tax Identification Number (CIF) : B - 90346198 , duly represented in this proceeding by its attorney - in - fact, Ms . M+ Carmen Mora Góngora, with ID number 79 . 203 . 458 - Z — hereinafter the " Assignor . " And on the other hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B, 41011 Seville , and Tax ID number B - S 5434377 , duly represented in this act by its sole administrator , Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 4 S 9 - S — hereinafter the " Transferee . " The parties acknowledge each other , each in their respective capacities, mutually and reciprocally, as having sufficient legal capacity to be bound by this document and : STATE I . - That the Assignor is the owner of the rights derived from the lease agreement signed between the Assignor and Mr . Antonio Ma Andrada Bermejo, in his capacity as lessor, dated May 26 , 2025 , and that its purpose is the use and exploitation of an area corresponding to 70 . 4386 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following properties located in the Municipal District of Cáceres : 10s00>01z'00o0300c MU Attached to this contract, as a SINGLE ANNEX , forming an integral part thereof, is the lease agreement , hereinafter referred to as the " Lease Agreement ." II . - That the Assignee is a company dedicated to the industrial sector , interested in the development of data centers with solar photovoltaic installations in Spain, having signed for this purpose on December 3 , 2024 , with the company NGE SPAIN SOLIA RENEWABLES S . L . , a service provision contract for the development of this type of facility in Spain — hereinafter the " Development Contract . " M Σ Rcf.Poti@onQ' \*\* 1/ 9uparflsla Totcl 357,411m' 346,975 sq. ft. Tórmbto era Cáceres 3

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III . - That the Development Agreement provides, among other milestones, for the assignment of the lease agreements signed by the Assignor on the properties where the data center and the solar photovoltaic installation will be located in favor of the Assignee . IV . - That both parties have agreed and consented to the transfer of the rights of the Lease Agreement described in the first recital , which is hereby effected subject to the following : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 70 . 4386 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital , with all the rights and obligations inherent thereto , thereby assuming the position previously held by the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing , and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , each and every one of the rights and obligations arising from the Lease Agreement are deemed to have been assigned , and the Assignor is hereby fully released from any rights and obligations in relation thereto . Third . - The parties undertake to make this transfer agreement public at the request of either party so that, when the time comes , it can be registered in the corresponding Property Registry . Either party may be compelled to comply with this clause , and both the notary fees and the registration fees shall be borne by the Transferee . Fourth . - For the resolution of any issues that may arise in connection with this contract , both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity , and termination of this Agreement . If a dispute is not resolved in accordance with the preceding paragraph within ten (10) business days from the start of the dispute, then, at the option of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . 2/3

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Having read this document , the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : NGE SPAIN SOLIA REI4EWABLES SL Duly represented by D+ M Σ CARMEN MORA GÕNGORA The Assignee Beb dB Rh e re e'sentada por D. JOSÉ ANTONIO MORA GÕNGORA 3/3

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LAND LEASE AGREEMENT

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In Cáceres, on May 26 , 2025 GATHERED On the one hand, Mr . ANTONIO MARIA ANDRADA BERMEJO, of legal age, of Spanish nationality , residing at C/ Massamagrell n ƒ 9 D, P 11 22 , 46 . 137 Valencia (Spain) and with ID number 07 . 007 . 889 - L, hereinafter referred to as "PROPERTY" . And on the other hand, Mr . José A . Mora Góngora, of legal age, of Spanish nationality and with ID number 79 . 203 . 459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL, a Spanish entity with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B , and Tax ID No . B - 90346198 , hereinafter referred to as the " DEVELOPER AND/OR LESSEE . " PARTIES The PROPERTY acting in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . Acting the DEVELOPER in its own name and right and considering themselves to have sufficient legal capacity for this contract. THEY STATE G That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES," which are registered in the name of the Property in the Cáceres 1 Property Registry under registration number 97072 with the following cadastral references : No. Ref. Polygon 17 17 Parcel Total Area 4 357,411 m ² 3 346,975 m 2 Cáceres Municipality Cadastral Reference Cáceres 10900A017000040000MH 10900A017000030000MU Copies of the public deeds , title deeds , or simple informative note from the property registry are attached , as well as the cadastral certification , which is incorporated into this document as "ANNEX 1 . " 0 That the DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a type IV data center and a photovoltaic solar plant of a power to be determined (hereinafter the "PROJECT") . 2

## Exhibit 10.28

**Exhibit 10.28**

In Seville, on October 10, 2025

**GATHERED**

On the one hand, **BLACKBERRY AIF S.L.,** a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50, bloque 2, bajo B, 41.011 Seville, and Tax Identification Number B-55434377, duly represented in this proceeding by Ms. Mª Carmen Mora Góngora, with ID number 79.203.458-Z, by virtue of powers of attorney dated October 9, 2025, before the notary of the Illustrious College of Notaries of Andalusia, Mr. Gonzalo García Manrique y García da Silva. Hereinafter, the **"Assignor**."

And on the other hand, **DC ESTATE CÓRDOBA S.L.,** a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 48 bajo derecha, 41.011 Seville, and Tax Identification Number B-23918402, duly represented in this act by its sole administrator, Mr. José Antonio Mora Góngora, with ID number 79.203.459-S-, hereinafter referred to as the "**Transferee**."

The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and:

**DECLARE**

**I.-** That the Assignor is the owner of the rights and obligations arising from the lease agreement signed on July 18, 2024, and the addendum dated March 19, 2025, with the PÉREZ PÉREZ-GIMÉNEZ siblings (Ms. Antonia, Mr. Fernando, Mr. Francisco José, and Mr. Ricardo Jesús)**,** in its capacity as lessor, and that its purpose is the use and exploitation of an area corresponding to 124.3986 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following property:

**ADDRESS.-** POLÍGONO 14 PARCELA 38 CÓRDOBA

**REGISTRATION.-** Volume: 1,996 Book: 269 Folio 217 Property no. 16,447, Córdoba Property Registry.

**TITLE.-** Francisco Pérez Pérez-Giménez 16.6667% of the full ownership with exclusive rights. Ricardo Jesús Pérez Pérez-Giménez 50% of the full ownership with exclusive rights. Antonia Pérez Pérez-Giménez 16.666667% of the full ownership with exclusive rights and Fernando Pérez Pérez-Giménez 1/6 of the full ownership with exclusive rights.

**ENCUMBRANCES, LEASEHOLD STATUS, AND OTHER LIENS**: Those mentioned in the simple registry note dated January 10, 2024.

**CADASTRE REFERENCE**: 14900A014000380000FS

The lease agreement subject to assignment and its addendum 1 are held by the Assignor and Assignee in PDF format with digital signatures, signed on July 18, 2024, and March 19, 2025, respectively. The parties acknowledge their validity and consider them reproduced as if they were incorporated in full into this document.

**II.-** That the Transferee is a company incorporated for the operation and development of data centers and energy projects, including energy generation from renewable sources and/or any other alternative energy.

**III.-** That BLACKBERRY AIF SL and EDGEMODE Inc. signed a **Memorandum of Understanding ("MOU")** on September 15, 2025, in which they agreed to establish a special purpose vehicle and five operating companies in Spain, including the transfer of BLACKBERRY AIF S.L.'s lease agreements to each SPV as the basis for the operation of the projects.

**IV.-** That in compliance with the foregoing, the parties agree **to transfer the rights of the Lease Agreement** described in the first recital to the Assignee, with all inherent rights and obligations, by means of this document.

**STIPULATIONS**

**First**.- The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 124.3986 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, thereby assuming all the rights and obligations of the Transferor.

**Second.-** The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor.

Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement, each and every one of the rights and obligations arising from the Lease Agreement are deemed to have been assigned, and the Assignor is hereby fully exonerated from any rights and obligations in relation thereto.

**Third.-** The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it can be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee.

**Fourth**.- The assignment of the rights of the Lease Agreement is made pursuant to the

**Memorandum of Understanding ("MOU")** dated September 15, 2025, between BLACKBERRY AIF S.L. and EDGEMODE Inc., which constitutes the basis and authorization for this assignment.

**Fifth.-** For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction. Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement.

If a dispute is not resolved in accordance with the preceding paragraph within ten (10) business days from the start of the dispute, then, at the option of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital).

Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning.

**The Assignor:**

Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 10/10/2025

with a certificate issued by AC FNMT Users

**BLACKBERRY AIF SL**

**By proxy Ms. Mª CARMEN MORA GÓNGORA**

**The Assignee:**

Signed by MORA GONGORA JOSE ANTONIO - \*\*\*0345\*\* on 10/10/2025

with a certificate issued by AC FNMT Users

**DC ESTATE CÓRDOBA SL.**

**As Sole Administrator Mr. JOSÉ ANTONIO MORA GÓNGORA**

## Exhibit 10.29

**Exhibit 10.29**

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In Seville, on October 10, 2025 GATHERED On the one hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and Tax Identification Number B - 55434377 , duly represented in this proceeding by Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 458 - Z, by virtue of powers of attorney dated October 9 , 2025 , before the notary of the Illustrious College of Notaries of Andalusia, Mr . Gonzalo García Manrique y García da Silva . Hereinafter, the "Assignor . " And on the other hand, DC ESTATE VIANOS S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 48 bajo derecha, 41 . 011 Seville, and Tax Identification Number B - 23918352 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - , hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : STATE I . - That the Assignor is the owner of the rights and obligations arising from the lease agreement signed on November 4 , 2024 , with Mr . José García Belmonte, in his capacity as lessor, and that its purpose is the use and exploitation of an area corresponding to 103 . 5912 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following property : ADDRESS: POLÍGONO 2 PARCELAS 1 - 2 - 3 - 4 and POLÍGONO 3 PARCELAS 82 - 83, in the municipal district of of Vianos REGISTRATION. - POLYGON 2 PLOT 1: Volume: 967 Book: 45 Folio 33 Property no. 3,678 Alcaraz Property Registry. POLYGON 2 PLOT 2: Volume: 967 Book: 45 Folio 39 Property no. 3,679 Alcaraz Property Registry. POLYGON 2 PLOT 3: Volume: 967 Book: 45 Folio 37 Property No. 3,681 Alcaraz Property Registry. POLYGON 2 PLOT 4: Volume: 967 Book: 45 Folio 39 Property no. 3,682 Alcaraz Property Registry. 1 / 3

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POLYGON 3 PLOT 82: Volume: 967 Book: 45 Folio 31 Property no. 3,677 Alcaraz Property Registry. POLYGON 3 PLOT 83: Volume: 967 Book: 45 Folio 41 Property No. 3,683 Alcaraz Property Registry. TITLE. - 100% full ownership by title deed, for joint ownership. LIENS, LEASEHOLD STATUS, AND OTHER ENCUMBRANCES : Free of liens and liens, except for tax liabilities. CADASTRE REGISTRY : 02076A002000010000FH - 02076A002000020000FW - 02076A002000030000FA - 02076A002000040000FB - 02076A003000820000FG - 02076A003000830000FQ Attached to this document, as a SINGLE ANNEX, is a full copy of the lease agreement subject to assignment, which the parties consider to be reproduced in its entirety for all legal purposes. II . - That the Assignee is a company incorporated for the operation and development of data centers and energy projects, including energy generation through renewable sources and/or any other alternative energy . III . - That BLACKBERRY AIF SL and EDGEMODE Inc . signed a Memorandum of Understanding ("MOU") on September 15 , 2025 , in which they agreed to establish a special purpose vehicle and five operating companies in Spain, including the transfer of BLACKBERRY AIF S . L . 's lease agreements to each SPV as the basis for the operation of the projects . IV . - That in compliance with the foregoing, the parties agree to transfer the rights of the Lease Agreement described in the first recital to the Assignee, with all inherent rights and obligations, by means of this document : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 103 . 5912 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, the Assignee thereby assuming all the rights and obligations of the Assignor . Second . - The Assignor undertakes to notify the lessor of the assignment of the rights arising from the Lease Agreement . Notwithstanding the foregoing, and given that the Lease Agreement expressly 2 / 3

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allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , each and every one of the rights and obligations arising from the Lease Agreement are deemed to be assigned , with the Assignor being fully exonerated from any rights and obligations in relation thereto from this moment onwards . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - The assignment of the rights of the Lease Agreement is made pursuant to the Memorandum of Understanding ("MOU") dated September 15 , 2025 , between BLACKBERRY AIF S . L . and EDGEMODE Inc . , which constitutes the basis and authorization for this assignment . Fifth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . If a dispute is not resolved in accordance with the preceding paragraph within ten (10) business days from the start of the dispute, then, at the discretion of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users BLACKBERRY AIF SL By proxy Ms. Mª CARMEN MORA GÓNGORA The Assignee : Signed by MORA GONGORA JOSE ANTONIO - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users DC ESTATE VIANOS SL. As Sole Administrator Mr. JOSÉ ANTONIO MORA GÓNGORA 3 / 3

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LAND LEASE AGREEMENT

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In Alcaraz, on November 4 , 2024 , GATHERED On the one hand, Mr . JOSÉ GARCÍA BELMONTE, of legal age, Spanish nationality , residing at Avenida Zarandona No . 39 , 30007 Murcia , with ID No . 22 . 311 . 252 - X, hereinafter referred to as " PROPERTY . " And on the other hand, Mr. José A. Mora Góngora, of legal age, of Spanish nationality and with ID number 79.203.459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL , a Spanish entity with registere social address in Seville, Calle Virgen de Luján No. 50 , Block 2 , Ground Floor B , d address hereinafter identified as " DEVELOPER AND/OR LESSEE." PARTIES The PROPERTY acting in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement Acting on behalf of the DEVELOPER in its own name and right considering itself to have sufficient legal capacity for this contract. THEY STATE • That the PROPERTY is the owner of the full title to the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES . " • That the properties are registered in the name of the Owner in the Alcaraz Property Registry , free of liens and encumbrances, with the following cadastral references : Cadastral Reference Leased Area (Ha) Area Total Cadastral (Ha) Parcel Polygon No. Ref. 02008A046000370000PE 4.7667 4.7667 47 46 1 O2ß76A0020OO01OO00FH 1.8051 1.8051 1 2 2 02076A002000020000FW 1.2591 1.2591 2 2 3 14.5464 14.5464 3 2 4 02076A0D2000040000FB 8.0438 8.0428 4 2 S 02076AO03O00820OD0FG 39.877 39.577 3 6 02076A003000830000FQ 33.5941 33.5941 83 f 3 103,sg12 ios,ss 2 The cadastral certification is attached to this document as "ANNEX 1 ," and the PROPERTY hereby undertakes to provide the DEVELOPER with the simple registry notes within ten (10) days of the signing of this contract .

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DEVELOPER the simple registry notes within ten (10) days of the signing of this contract. • That the DEVELOPER expresses interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a Type IV data center and a photovoltaic solar plant of undetermined power (hereinafter the "PROJECT") . • That the PROPERTY is interested in improving together the DEVELOPER a lease agreement for the PROPERTIES, consenting to and accepting the aforementioned agreement . STIPULATIONS FIRST: Legal regime This contract is entered into under the provisions of the Civil Code , and is governed by the will of the Parties expressed in the contract, and supplementarily by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation , and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the attached updated simple registry notes from the Property Registry of the municipality where the project is located, as ANNEX 2 , which must be provided by the PROPERTY within 10 days of the signing of this agreement . THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts it under the terms and conditions set forth in this contract, the PROPERTY, free of encumbrances and liens, as well as occupants and tenants . Likewise, it is received up to date with the payment of contributions, taxes, duties, and free of expenses of any kind generated by any concept inherent or accessory to it, remaining so during the term of the Contract . The lessor expressly authorizes the lessee to make full use and control of the leased area , as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace , and subsoil .

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FOURTH: Term, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows : Phase I: Studies and Permits • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . The rent will be € 100 /ha per year for 24 months from the date of obtaining the connection point and the favorable urban compatibility report . In the event of an extension of the term due to justified delay , additional payments of € 100 /ha per year of extension will be made . Phase II: Project Construction • During this phase, contractors will be selected and construction will be carried out until the data center and solar plant are operational . The agreed annual rent for Phase III will be paid proportionally based on the time elapsed between the start and completion of the works, with semi - annual payments in advance . The duration of this phase will be twelve (12) months , with the possibility of extension for six (6) additional months in the event of justified delay . UI Phase : Project Operation • During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of € 2 , 000 /ha . Payment will be made every six months in advance, in the first fifteen days of each six - month period . F IFTH : Rent Review The rent will be reviewed annually in accordance with the variation in the CPI published by the INE or any index that replaces it . If the CPI is negative, the corresponding review will not be carried out . SIXTH: Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the FtNCAS and carry out the necessary infrastructure works . 1

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SEVENTH: Permits, licenses, and authorizations Obtaining all necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH: Guarantees, bonds , and insurance The DEVELOPER shall be liable for all risks and shall comply with the regulatory provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project . NINTH: Use of the property by the owner The PROPERTY may continue with agricultural activity until the start of construction . If the DEVELOPER requires prior eviction , the PROPERTY will be compensated as established . TENTH: Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages . The DEVELOPER may terminate this lease agreement early and unilaterally, without any penalty or compensation to the Property during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner, with the termination taking effect from the date of notification . Notwithstanding the power granted in this clause, the DEVELOPER may, in any case and at any time , with a minimum of 30 days' notice , terminate this agreement without penalty or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, implies a breach of the economic balance of this contract or of the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties with the execution of this contract , as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that renders the project unfeasible . ELEVENTH: Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract .

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TWELFTH: Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER. THIRTEENTH: Acknowledgment THE LESSEE and THE LESSOR (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract , the participation as INTERMEDIARY of Ms . CELIA CAÑERO HINOJOSA, with ID number 47 . 207 . 370 - P, (or any other natural or legal person they may designate) , undertaking, for this purpose, to pay the professional fees corresponding to each of them in accordance with the contract signed between them, with both the LESSEE and the LESSOR assuming the economic, legal, and technical conditions contained therein . FOURTEENTH . - Sole agreement This contract supersedes any previous agreement related to its subject matter. Any modification must be in writing and signed by both parties. FIFTEENTH: Partial invalidity The invalidity of one provision shall not affect the validity of the rest of the contract . SIXTEENTH: Notifications Notifications must be sent by certified mail or burofax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or burofax is received . SEVENTEENTH: Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party . EIGHTEENTH: Expenses and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER .

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NINETEENTH: Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Alcaraz. And in witness whereof, the parties sign this contract in duplicate and for a single purpose at the place and date indicated. THE PROPERTY Mr. José García Belmonte THE DEVELOPER Legal Representative of NGE SPAIN SOLIA RENEWABLES SL Mr. José a Mora

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ANNEX I TO THE LEASE AGREEMENT: CADASTRE REFERENCE

![](image_167.jpg)

co8l6sf IO NtNiSTERO DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference: 02O08A046000370000PE Location: Polygon 4ü Parse \ a 37 HAZA DE MATALLATÍA. ALCABAZ (ALBACEYE) Class: RÚSTIGO Graphic area : 47,667 m2 Property share : \* O0. 0D% Crop CR t - abot or irrigated farmland do zer' 47.6b7 RegiStFO: ALCARAZ Unique registration code : o2oozo007 \ 2585 Coordinated date : 04z07/20 47 Tuesday , September 12 , 2023 1/4000

![](image_168.jpg)

GOVERNME NT ACTION AND PUBLIC SERVICE CONSULTATION EUbCNIP FIVA AND GNAFIIA OF REAL ESTATE CADASTRE DATA Cadastral reference : 02076A002000010000FH Location: Polygon 2, Plot 1 C GORGOJI. VIANOS (ALB/ \ CETEI Ctaset RÚSTICO Main use : Agricultural Built area : Year of construction : 0 da z¥d fe.051 Graphic area: 18,051 m2 Part1c \ paclón de) Property: 'OD00% type; Registration: ALcARAZ Unique registration code : 02002000712448 Coordination date : 07/03/2017 Manes, A2 de Sep re de2O23 1/4000

![](image_169.jpg)

GOVERNMENT ł'IINfSWIO OF SPAIN, OF FINANCE ¥ FUNCTION PD8ŁJM £ocal location. Poflgono 2 Parcel J C GORGOJJ. VIANOS [AL8ACETE} Class: RURAL Main use : Agricultural Built area : construction: Year of g_,_ ƒ • _ , DESCRIPTIVE AND GRAPHIC CONSULTATION LAND REGISTRY DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A00200002000ßFW _ Graphical area : 13,591 mz Share of the property: 100.00 'la Type: 0 12,591 Registry: ALCARAZ Unique registration code : 020o2000712455 - ecfi›a coordination: 07/03/2017 1/2000 Tuesday , September 12 , 2023

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g$ TREASURY AND PUBLIC FINANCE çj;¿« DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A002000030000FA Location: Polygon 2, Parcel 3 C GORGOJI. VIANOS [ALBACETE) Class: RUSTIC Main use : Agricultural Crop a C - Mbur or Labrndio dry farming 03 00 11B.130 7.G87 13, 177 6,471 Graphic area : 145,464 m2 Property share : 1<< - D< e •o Type: Rgg)StF. ALCARAZ Unique registration code : oz002000712479 This doo/rnemo ro. esu Acacaf \ ¢adan ceta•t+•t, susdabas verified eUds dd ez soa cadastral dates ro ideadelaSgC ƒ sec Coordination date : 07/04/2017 Tuesday , September 2 , 2023

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GOVERNMENT THE MINISTRY OF FINANCE OF SPAIN OF FINANCE › s a ' \* Location: Poligono 2 Pamela 4 C GORGOJI. VIANOS [ALBACETE] Phase: RUSTIC Built area : Construction area : Cultivation DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 02076A002000040000FB Graphical area : 8o.4z8 m2 Share of the property : 100.DD % Type: 03 00 79.215 I.213 Registration number: ALCARAZ Unique registration code : 02gß20007 f2886 Coordination date : 07/04/2017 01

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COBQNO otgs9Æ;Æ4A pœsWWO œ wu4C›A Location: poii at 8 Pa cela 82 CORTIJO MONTE. VIANOS [ALBACETE\| Class • P . ÚSTICO Main use : Agricultural Built area Construction type : Cultivated DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 0Ž076A00300082000ßFG Graphical area : 395,770 m2 Partition of the property: \*00 .D\* % Type: E - Steps E - Payments d C - Work to be done 129,779 S. 121 364 1,062 R6gfstro: aLCARAZ Unique registration code : 02002000712431 Date of coordination: 07/03/2017 Tuesday , September 2, 2023

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MINI5TORY AND PUBLIC SERVICE DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA ON REAL EST ATE PROPERTY Cadastral reference : O2076A0O300082O000FQ Graphic area : 335.94 m2 Property share : 1 00 Σ ^ Type: Registration: ALCARAZ Unique registration code : O300200O712493 Date of coordination: 07/04/2017 Tuesday , September 12 , 2017 1 GOVERNM ENT Location: Polygon 3 Plot 83 CORTIJO MONTE. VIANOS \|ALBACETE] Class: RURAL Main use : Agricultural Built area : Year of construction: 163.4J0 Su lntnriadnd Preductfvo 03 C - Lnbor u Labtadfo secanu E - PaBtO9 fL684 03 C - Labor n Laxaio secar›u 03 d C - L4hcx o LaUmcüo •uo

## Exhibit 10.30

**Exhibit 10.30**

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In Seville, on October 10, 2025 GATHERED On the one hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and Tax Identification Number B - 55434377 , duly represented in this proceeding by Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 458 - Z, by virtue of powers of attorney dated October 9 , 2025 , before the notary of the Illustrious College of Notaries of Andalusia, Mr . Gonzalo García Manrique y García da Silva . Hereinafter, the "Assignor . " And on the other hand, DC ESTATE TORRECAMPO S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 48 bajo derecha, 41 . 011 Seville, and Tax Identification Number B - 23918378 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - , hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : STATE I . - That the Assignor is the owner of the rights and obligations arising from the lease agreement signed on March 3 , 2025 , with Mr . Julián Cabrera Cortés and Ms . Juana Redondo Calero, and that its purpose is the use and exploitation of an area corresponding to 119 . 4335 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic installation on the following properties : Attached to this document, as a SINGLE ANNEX, is a full copy of the lease agreement subject to assignment, which the parties agree is reproduced in its entirety for all 1 / 3

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legal purposes . II . - That the Assignee is a company incorporated for the operation and development of data centers and energy projects, including energy generation through renewable sources and/or any other alternative energy . III . - That BLACKBERRY AIF SL and EDGEMODE Inc . signed a Memorandum of Understanding ("MOU") on September 15 , 2025 , in which they agreed to establish a special purpose vehicle and five operating companies in Spain, including the transfer of BLACKBERRY AIF S . L . 's lease agreements to each SPV as the basis for the operation of the projects . IV . - That in compliance with the foregoing, the parties agree to transfer the rights of the Lease Agreement described in the first recital to the Assignee, with all inherent rights and obligations, by means of this document : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 119 . 4335 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, the Assignee thereby assuming all the rights and obligations of the Assignor . Second . - The Assignor undertakes to notify the lessor of the assignment of the rights arising from the Lease Agreement . Notwithstanding the foregoing, and given that the Lease Agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , each and every one of the rights and obligations arising from the Lease Agreement are deemed to have been assigned , and the Assignor is hereby fully exonerated from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - The assignment of the rights of the Lease Agreement is made pursuant to the Memorandum of Understanding ("MOU") dated September 15 , 2025 , between BLACKBERRY AIF S . L . and EDGEMODE Inc . , which constitutes the basis and authorization for this assignment . 2 / 3

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Fifth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . If a dispute is not resolved in accordance with the previous paragraph within ten (10) business days from the start of the dispute, then, at the choice of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness whereof and in obligation of compliance, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor: Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users BLACKBERRY AIF SL By proxy Ms. Mª CARMEN MORA GÓNGORA The Assignee: Signed by MORA GONGORA JOSE ANTONIO - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users DC ESTATE TORRECAMPO SL. As Sole Administrator Mr. JOSÉ ANTONIO MORA GÓNGORA 3 / 3

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pj Reference Superflcła Total (Parcel Polygon Ref. 4,400 140ó2AŒI3ŒXI23ŒXXJDF 21.4744 21.4744 23 3 4.4Œ›

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Cadastral references are attached as " ANNEX I," simple registry notes as "ANNEX 2 ," and a partial copy of the deeds of sale for the properties located in polygon 5 , parcels 27 and 42 , as "ANNEX 3 . " THE PROPERTY undertakes to carry out, at its own expense, all the necessary legal procedures to regularize and register in its favor the properties located in polygon 5 , parcels 27 and 42 of Torrecampo in the Property Registry and in the Cadastre, and must initiate the procedures within a maximum period of thirty (30) days from the reliable communication by the DEVELOPER of the obtaining of the supply point and the favorable urban compatibility report . If this period elapses without the request for change of registered ownership of the plots having been initiated , the DEVELOPER shall be entitled either to terminate the contract, without liability to it, for breach by the PROPERTY, or to carry out the aforementioned procedures on behalf of the PROPERTY, the PROPERTY expressly authorizing the DEVELOPER to carry out these procedures and undertaking to provide any authorizations and documents necessary for this purpose, with the expenses being borne by the PROPERTY and deducted from future payments . • That the DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the necessary elements to develop a business project consisting of the operation of a Type IV data center and a photovoltaic solar power plant of a power to be determined (hereinafter the "PROJECT") . ") . • That the PROPERTY OWNER is interested in finalizing a lease agreement with the DEVELOPER for the PROPERTIES, understanding and accepting the aforementioned agreement . STIPULATIONS FIRST• Legal Regulations This agreement is entered into under the provisions of the CMI Code and is governed by the will of the Parties as expressed in the agreement, and, additionally, by the provisions of the aforementioned Code , Royal Legislative Decree 7 / 2015 of October 30 , which approves the consolidated text of the Law on Land and Urban Rehabilitation , and the Civil Law of the Autonomous Community where the property is located . SECOND: Status of the properties The LESSOR declares that the PROPERTIES are free of any encumbrances, in proof of which the updated registration documents from the Pozoblanco Property Registry are attached to this contract as ANNEX 2 .

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THI R D : Purpose of the contract The LESSOR leases to the LESSEE, who takes and accepts it under the conditions and terms established in this contract, the FfNCA, free of encumbrances and liens, as well as occupants and tenants . Likewise, it receives it in full payment of taxes, duties, and fees of any kind generated for any concept inherent or related to it , remaining so during the term of the Contract . The LESSOR expressly grants the LESSEE full use and control of the leased area, as well as the demolition of any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace, and subsoil, and the leased area may be adjusted to the usable area for the needs of the project . FOURTH : Duration, rent , and forms of payment The rent to be paid by the LESSEE to the LESSOR in consideration for the rights granted under this agreement, upon receipt of an invoice, shall be as follows: Part I: Studies and Payments • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . The amount of € 100 /year for 24 months from the date of obtaining the supply point and the favorable urban compatibility report . In the event of a justified extension of the term, additional payments of € 100 /year will be made for each year of extension . Notwithstanding the above, the following termination clause is established : The LESSEE must request the compatibility report urban planning in the plaza de tree (5) months after signing the " O Once the urban planning compatibility report has been obtained , and provided that it is favorable, the LESSEE must request the supply point within eight (8) months of the date of obtaining the favorable urban planning compatibility report . This period may be extended unilaterally for the same duration (8 months) at the request of the LESSEE . in the event that it is necessary due to the impossibility of submitting the application within the initial period ; for this purpose , a communication from the LESSEE to the LESSOR informing of the reason for the extension shall suffice . 8 3

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o In the event that the urban compatibility report is unfavorable and/or the LESSEE fails to meet these deadlines for requesting the urban compatibility report or supply point , the contract shall be automatically terminated without the parties having any further obligations . Phase II: Construction of the Project • During this phase, contractors will be selected and work will be carried out until the data center and solar plant are operational. The annual amount agreed for Phase III will be paid in proportion to the time elapsed between the start and completion of the works, in semi - annual payments in advance. The duration of this phase will be twelve (12) months , with the possibility of extension for six (6) more months in case of delay. Faee Ill: Project Operation • During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual fee of € 2 , 000 /hectare . Payment will be made in advance every six months , on the first of every month . F IFTH: Rent review The rent will be reviewed annually in accordance with the variation in the CPI published by the INE or any index that replaces it . If the CPI is negative, the corresponding review will not be carried out . SIXTH: Rights and obligations of the parties The PROPERTY OWN ER shall act in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure works . SEVENTH : Permits, licenses, and authorizations Obtaining all necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH: Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment . It shall hold the PROPERTY harmless from any liability arising from the project .

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NINTH : Use of the property by the owner The PROPERTY may continue its activity until the start of construction . If the DEVELOPER acquires prior eviction , the PROPERTY shall be compensated as established . TENTH : Non - compliance and termination of the contract Failure to comply with the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages . The DEVELOPER may terminate this lease agreement in advance and unilaterally, without any penalty to its entity or compensation to the PROPERTY during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner , with the termination taking effect from the date of notification . Without prejudice to the power granted in this clause, the DEVELOPER may, in any case and at any time , with a minimum of 30 days' notice, terminate this contract without penalty or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, foreseen or unforeseen, which, directly or indirectly, entails a breach of the economic balance of this agreement or of the project, or which in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties with the conclusion of this agreement , as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that renders the project unfeasible . In the case of the resolution of the dispute over the cause of the damage ,set forth in Exhibit ł, it is deemed that , in the event of non - compliance by the property owner in failing to complete the transfer of ownership before the Pozoblanco Property Registry for the properties located in plot 5 , parcels 27 and 42 of Toræcampo, the PROPERTY shall compensate the DEVELOPER for the expenses incurred in the projects up to the date of non - compliance . ELEVENTH : Termination of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the transfer of its contractual position within the following fifteen days, without the delay in sending this notification constituting a breach of contract . TWELFTH : Transfer of the property The PROPERTY may sell the property, but the buyer must subrogate the terms of the contract, notifying the DEVELOPER . ø 8

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THIRTEENTH: Acknowledgment THE LESSEE and THE LESSOR (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge, upon signing this contract, the participation as INTERMEDIARY of CEMACAAERO HONORIO 5 A, with DNl 47 . 207 . 370 - P, (or any other natural or legal person that may be designated) committing, to pay the professional fees corresponding to each party in accordance with the agreement signed between them, with both the LESSEE and the LESSOR assuming the economic, legal, and technical conditions contained therein . oEcluo FOURTH - Sole agreement This agreement supersedes any prior agreement relating to this subject matter . Any amendments must be in writing and signed by both parties . FIFTEENTH: Partial invalidity The invalidity of any provision shall not affect the validity of the rest of the contract. SIXTEENTH: Notifications Notifications must be made by certified mail or burofax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or burofax is received . NINETEENTH: Publication and registration The contract may be made public and registered in the Property Registry at the request of either party . EIGHTEENTH: Costs and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER. DEVELOPER. N IN ETEENTH: Jurisdiction For the resolution of conflicts, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Pozoblanœ . 7

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And in witness whereof, the parties sign this contract in duplicate and for a single purpose at the place and date indicated. THE PROPERTY Mr. Julián Cabrera Cortés THE DEVELOPER Legal Representative of NGE SPAIN SOLIA RENEWABLES SL Mr. JOSÉ A MORA

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Location: Poligono 3 Pamela 23 DEHESA VIEJA TORRECAMPO \|CÓRDOBA] Class: RURAL Main use : Agricultural Built area : Year of construction: Cuhh/o C• Labor or Labradlo eacaro i - IrnprodudUo ggp',g'= ƒƒ , DESCRIPTIVE AND GRAPHICAL CONSULTATION CADASTRE DATA FOR REAL EST ATE PROPERTY Cadastral reference : 14062A003000230000DF Graphic area : 14,744 m2 Share of the property: 100. 00% 2 \ 4,721 This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC"

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g¿ _ ƒ =• ƒ , DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE Cadastral reference : 14062A0040D008O000DJ Land area : 5,238 m2 Property partition: \*<\*.>> ƒ \*• Type: This document is not a cadastral certification , but its data can be verified through the " Access to unprotected cadastral data from the SEC ." Esca 1/3ß00 , Location: Pollgono 4 Parcel B NAVAROOES. TORRECAMPO [CÓRDOBA) Class: RUSTIC Main use : Agricultural Built area : AI \ o construction: Cultivation 5czbP eda Cuhlvo/apro«echcmie+Gto 4590 02 a CE Labor or plow with oak tree sacano 1B.BIS 02 b CE Labor or labradio with oak trees on dry land g jg 00 c I - Unproductive 15 00 d k Unproductive

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DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A005000140000DD Location: Polygon 5, Plot 14 TIERRA ABAJO. TORRECAMPO [CORDOBA] Class : RURAL Main use : Ayr«ri Built area : AI \ o construction: Cultivation Cu leo/apce Graphic surface area : 155,535 m Property description : \* ƒƒ - ƒƒ '\*• Ã)QO: asbestos 0 - Labor or Labradlo sacana 03 155.S35 This document is not a cadastral certificate , but its data can be verified through " Access to unprotected cadastral data from the SEC." Scale 1/50D0

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Location: Polygon S Parcel 16 TIERRA ABAJO. TORRECAMPO [CÓRDOBA] Class: RURAL Main use : Agricultural Built area : Year of construction : Cuhlvo C - Labor or Labradlo ¥eceno g#p, ƒ == _, , _ '" DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A005000160000Dl Graphic area : 193,719 m2 Property share : 100.00 Type: 01 This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC." 25

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DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRE DATA FOR REAL ESTATE , , Cadastral reference : 14O62A0050O01900aoOS Location: PI:00 Pt:01 Polygon 5 Parcel 19 DEHESILLA DE CASCARR. TORRECAMPO [CÓRDOBA) Class: RURAL Main use : Agricultural Built area : 1,362 m2 2D00 Year of construction: Construction 117 1/00/01 AGRICULTURAL 976 20g 40001 AGRICULTURAL AGRICULTURAL Cultivatio n CuktVo/aprovachcml«rdo Subparcab 200,872 02 EE Pastures with er

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Location: Polygon 5, Parcel 27 LAGUNA DE COBOS. TORRECAMPO (CÓRDOBA) Class: RURAL Main use : Agricultural Built area : Year of construction: $uparflcfa rn• 7,517 Productive property 03 Cuhivo 0 C - Dry farming or dry plowing = DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A005000270000DA Graphical area : 7,517 mz Share of the property: 100. 00% Type: This document is not a cadastral certification , but its data can be verified through the "Access to unprotected cadastral data from the SEC."

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Location: Polygon 5, Parcel 39 NAVARODES. TORRECAMPO [CÓRDOBA] Class: RURAL Main use : grain Built area : Year of construction: ui Plot 0 Cooling/heating C - Dry farming g/t - ƒ , =• ƒ „, , '" DESCRIPTIVE AND GRAPHICAL CONSULTATION OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 14062A00500039O00DDM Graphic area: 5,323 m2 Share of the property: 00.00 "/o Type: Productive Instability 03 $upcrflcla rn' 5.3Z3 This document is not a cadastral certification , but its data can be verified through the "Access to un protected cadastral data from the IEC ." 42 45

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Location: Polygon 5 Parcel 42 NAVARODES. TORRECAMPO [CÓRDOBA] Class: RÚSTICD Main use : Agriculture Built area : Construction area : ÛLilt)YO Suãoar¢eła 0 Cułcł•o/epreva

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DESCRIPTIVE AND GRAPHIC CONSULTATION OF CADASTRE DATA FOR REAL ESTATE PROPERTY Reference c2ta stral: 14062A00 č0004300O0DO ' ƒ "\* ƒ ' t — . ƒ ' "t ,„ Location : Pofigono 5 Parcela 43 NAVARODÜS. TC›RREÜAMPO [ CÓRDOBA] Class : RUSTIC US O p ri n ciț›aî : Agr rsrlo Built area: Year of construction : Ê Lł It İVO 0 Subparcel Cultivation/ impro vement ü - LaŁic I ü La:› ad!o sect I:ri InłensidaJ Producțiç'a m US Sur face area I õ ,G5 Slope rf ic ie grń fic a. 16.6ú3 n 2 Part ic İp ac ió n d el inm u e ble: ă 00. 0û %ri Type:

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ANNEX II TO THE LEASE AGREEMENT SIMPLE NOTE

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eselmTRO o& eao$inD mm PomAe&aa\*co Paaho de £nA•t6n t 30/08/ 202 t t 2 t OK t bt IULIAN N' Pct\*ol6n: 2GVt 9Mtnit•nt•: CABRERA Hun1C1p1o: TORRECANPO CRU: 14 0130004 154IO Nac \ zxa1e za de 1a €1nca : - Peace quota : t ROST 1CA t RUST ICh Re Cecenc1a Catas c za1 t 14 0 62A005000390000DN V1a Púb11ca: PÁRATE NAVERODES Supere dele del Terreno : Ha : 0 a : 70 Lk ntlerpx : Por te, Camino de Alinaden . South, Esperanza González Santofimia. East, Francisca Calvo Pastor. West, Rafael Pozo Haro and wife. ---------- oEscszPCIÓN Dg En yzxCA --------- - RÓ 9 TICA : Plot of dry land located in the Naverodes area , team - o i - Torrecampo . It covers an area of seventy acres . It borders on the north with the Camino de Almadén, on the east with Doña Francisca Calvo Pastor, on the south with Oofl . Esperanza González Santofimia , and on the west with Don Rafael Pozo Haro and his wife . E' 1 zzoa No coozdAnado eozz cataa ¢ xo qc 6 £1 oamexzce . TITLE HOLDERS NAME CABRRRA CDRTRS, JULIAN VOLUME BOOK FOLIO REGISTRATION 30.176.211 - G 894 189 2 52 TDTALITY dcl full ownership for your community property. Title: Sale, Formalized in deed with date 01/12/2016, authorized in VILLANUEVA DE CÓRDOE by Do0A ITZIAR RAHOS HEDINA, protocol no. 622, C.B.V .: 21¥01310B5CE7J34 Scanned with CamScanner

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ro hay cargsn req1st radas Atecta at paqo to Cavor of the Public Treasury , of the liquidation complete Ła zza qu= - can be paid by the Tax on Patrimonial Transfers and Acts , or other applicable taxes, for the legal act or deed of the hotel numbered , at a rate of 1 % of the value of the property . - • 2 , after a period of 5 years counted from January 10 , 2017 . Documents relating to the property submitted and pending dispatch, valid at the time of submission , at the close of the Daily Ledger on the day prior to the date of dispatch of this note : There are no documents pending dispatch . From oon/ozxiźõaõ with Jo dżspuesco in the soJ\*cž tuc/ õe puö 1 1cżdaâ regżstza , - a - dacos person 1en expressed in the ml be have st do and sezán Obs eta de Łza Eaæźe - za e 1ncoz Ț ›ozacfoa a Jos J.źöcos y aFch ż vos del Regs scco, whose zesponsaöJe e\* \* - /tegźgcrac/oz, a1endo at use and f1n of t.ra camžento 1os cecog:idos and pz=s źs cas expressed in Ja rloura 8 ż va zegźs era J , la cua4 above Óe base J egż t ï•'sa cfcz= üa egże Łcø taaźen żo . zs1aeoa sezãn ced1dos with the oöÿeżo cíe saw žsfacec eJ cîezecho del tźtuJar ôe źa 'r /źnca/ø o deyecho/a inscrJ żos en e4 Aeg'ž ażzo a seJ• žnForaaclo , a su z nstancża , ü+I noabze o c/e Ja denonźnacź dn y doorź cż 1 ż a cle Ja s personas /ź s żCd s o j urźõž ca s que .ha zeaabado źnfoza›ao1dn cespecc a a su peranna o öž enes . - — gJ pecž oc/a de c'onoezvac 1òn de ź or da too se de £e £mžna rá cfe a cu+veto a J or orï t er î estabJ eoźaoa in the 1eg1ø1 act ón ceg1 s I ca , zesoJ ucž ones of Ja Dż cxcc ż ón Gene ca1 da •' c s Aeøź sć com y of the lot acżado e Inc I cucc ź ones c:of egźa1as . In the case of Mac zu ca c ón öe sezvź cJoo, dž chae fi›ezžados d'e consez sae ź ón se deżermž narän de a cuezdo a Ja . norzaa c ź va Yż•oaż y trłöucarJa ap1żcaöJe in eada r«oøento. In Cocfo case, the Jtpgïstzo pocYrd conseztrax 1oa dazoa by one Łżempo superJoK a toe indźoõÖOB COififorne d die.hos crż Eerź as nocøa II vos en aque11as supues Nos en que sea necesa r Jo par 1a ex ż s ¢enc ż a õ•" responsaöź J Jc/ades dec) vadas de la pees ta c)ón secvż cso. - the źn/ocaacź ón because Ca to its dż span ì oź dn is pa za :fiu use e\*cJ usź vo y t ï em ca rä cŁ e r Scanned with CamScanner

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Z@ and g$"gO OÉ L, † , PfiOP £ÉDkg Ds POgOB1•ANCO ----- - --- - DESCRIPTION OF THE FILE --------- - Eb Farm Registered with Cat•átro grific• - - nte. OWNERSHIP X. I . F. 'ZGf4Ct 1IBRO f"D1SO AZ,'gA 30. 116 . 211 - G \ 14 8 62 1 3 gognZ.ZDno gives full authorization for its membership of qanancl a1es . Title: Pre - sale. rozzraü 'lzada in es oz ttura with fecF‹a 26/ 11/ 20t 8, autoz i zada in VILLANtJEVA Dz ü?yü¿ü.X, I?2IA5. fL•a0S f4EDf jfA, r› ƒ de pzot ocol o 689. :o • ?. •.. - . CamScanner Scanned with CamScanner

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J0ANx TOHO s\*czeTso Q• L\* PAO\*IED\*D DC PD&D\* r7, - ; ¥ 00 fJtOÑ1+ C^ yjmp , q5 t / gt ¿t - yAy : 3S7 1 J1 á88 ¥ \ nnbA d• Bntclózs: 08/30/2024 \ 3 ‹ 10 : 0 9 so1tut»•nta : CABREkA REoONoO, aUatAx x" Pa 1o1+n : 3 ‹› Nun1cip1O : 'l'ORRECMPO CRU: 14013000431194 Nature of the property: ROSTlCA: Seoano - Participation quota : 4 Order: 0 Customary reference : NOT RECORDED Pübl i ea i PlenTE MI RALOBOS Land area : 115 hectares , 62 acres, 87 square meters Boundaries: North, REST OF THE MATRIX PROPERTY South, HOTE CONDESA East, CMRRDTERA LOCAL FROM TORRECAMPO TO SAN BENITO t" Inca : 44 OL› RÚATIC : Piece of land, dry pasture, radlcaote in the place called xipalcbos, Ropereza and Tierra Abajo, in the municipality of Tozrecampo, covering one hundred and fifteen hectares, six acres and two hundred and eighty - seven square meters . It is marked with the letter B . It borders Horte with the rest of the matziz estate or partela letza A , to the south with vacant plots in the districts of 'hcy - Condesa' and Ropezeza', belonging to various owners, to the east with the local road from Torreca to San Benito and several plots, and to the west with the 'Dehesa Vieja' estate owned by the Enzidad . - Grupo de Empresas Pra, S . A . and the "Dehesilla" estate owned by the Romero Blanco brothers . W.I.F. BOOK FOLIO REGISTRATION 51 53 1 DDBT8S, m7LI]WN 30,176,211 - G 8J/i <•• \*, 30.174.0l8 - L TOTMLMMQ d•I plzro joint ownership . Title: Sale. Formalized in a deed dated 10/01/1990, authorized in CORDOBA, MANUEL CASTILLA tOPRE0. jqO ha y ca rqas re9i st radas CamScanner Scanned with CamScanner R¥D0WDO CMB8OR&

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ANNEX III TO THE LEASE AGREEMENT : DEEDS OF SALE

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'S OFFICE OF COf4PRAVBN7A OZDRGADA BY MRS. t4 RzA HAR UBZ ROt4gRO E 72914644 IN FAVOR OF MR. JULIAN CABRRRA 0ORTE9 HUMEIRO QU IN I ENTOS SEfiEN2'A Y CI NCO . - Bn Al nodfiva i' de 1 campo , my res i dos ci 0 July 2016. -------- ' - - - ‹d C 0 - Before me: MAUR o - MANUEL OMA NONROY, Hota - Member of the Illustrious College of Castilla - La Mancha. On the one hand: DOLÍA HRRIA HARQUBZ ROldRRO , mayor de edad , caaada, resident of Puertollano (Ciudad Real), with Joséeí 1í o at cal le Legazp i , number 5, and provi ata of her D . N . I . /N . I . F . number 05 . 86 4 . 84 8 - D - - - - - - - - And from another : — - ——— - - - - - —— - - — - — - - - - — ----------- — -- —— cox DIAN CABRERA CORTES , mayor de edad , caaado under the supplementary legal regime of joint property with DOFA JUANA REDONDO CAJERO, resident of Villanueva de Córdoba (Córdoba), with address at Calle Laguna del PiEo , number lZ, and puoviato de Scanned with CamScanner

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and NTC.'lt V T UN f'.N ‹•i no ›› ‹›\|› t ‹› ››‹›inI› i r› and ‹In r •r'h‹, , I. - That Dot3ds Ma i la Nh rqtie z Pone ro l e per tenece, with exclusive rights , full ownership of the following indivisible rural property : -- - - Undeveloped farmland , in the municipality of Torrecampo (Córdoba), in the area known as LAGUHA DE COBOS, measuring seventy - two areas and seventy - two centiares. Licda: íVorte, South and West, Camino de EnCrada (plot 9010), although, to their statement, to the North and according West it actually borders the hoY \*\* ƒ pasture, Don Julián Cabrera Cortéa, and to the East, Camino del Carril de la Loma {plot Es 2a parcel 27 of polygon 5 of the Catas - tro. Cadastral reference : l4O62A005000270000DA. I attach to this document a descriptive and graphic cadastral certificate . ,! Scanned with CamScanner

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CY2914645 '¥'I 0 B IJ'fSCh I PCION . - que adqii x r i ó l a f i nc:.i .iti Len lin ri I f t ‹\*rJ L /J rrtJ lu\*+\*tfi ‹l‹•ii‹: i i t •i ¡›or Ver er›c i o al dbito do sus padres Bo» /Ior«io Narguez €am \* And \*.\* Katia - Manuela Romero Márquez, aged twenty years ago, lacking reliable documentation , proof , and registration in the Pe - Property Registry . -------- - --------- - ----- - VARGAS . - Free of encumbrances. ------ - ----- - -- I attach to this document all the relevant documents , testimony on documents from paper exclusively for the formal advertising notarial medium provided by the Property Registry . - - - . - I hereby advise the parties that the registration status existing at the time of filing the certified copy of this deed with the Property Registry prevails over statements contained in the paragraphs . the information or preceding and following - The transferring party hereby declares that the property described is free of encumbrances and liens , etc. , ',. k'.. % Scanned with CamScanner

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p r o v i. ti«: i a de hUMlCiÍió i anade zc, poqx auxxx xsnozno czrvno, n pr • " prov1nc:1a cte Có rcioba , cCfi dO//ti oí \ i c ci›y‹icl•z \ Laguna del Pi no n ƒ 12, (14 or 40) r e•n u. N . i and \* - ' - \* Scanned with 'Scanner

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• w - IBT£RVIBY¥N - EXPOREH =\* I. — Oue D0Ñh VfiRRDhS RODRIGUzs 2¡S dueíias with a private character of the plenary devin - 1 , - - . úe the following property : — --- - — ----------- - — -- - ——— ---- - — ROSTICR. - Piece of dry land , on the left side of road 3 ^ Class, located in the parish of Itavarodes, er. territory of Torrecanpo (Cózdoba) , with a surface area of s e v e n t y - e i g h t a n d ninety - nine hundredths of a hectare (0. 6699 ha), bordering to the north with Doña NaMa Prudencia Hoyano Rone ro, j Don Rafael Pozo Haro, to the east, with Doña Francisca Ca Ivo Pastor, to the south, with Don Juan Mol na Runero, and to the west, with Arroyo de Romperezas . ----- - ---- - DaTo8 Oh.chef 8. - Parcel 12 del pC11q$3O del with CamScanner Cat thus ro of Rustic of ? O2reC l•pO . Esc ne

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auifestaciones, c t real O 18 . 2 . b J che l Ter. t n 1.u 1 unit i J i\* catastrophe in redaccior UaUa ue reality the description cadastral of: scriptive and gr4fir:a. compa rec i en t es , SOlJCitail t:ste dcL<> represeritae i ón ser va ndoso de recf@ o i ns t o i e 1 cane

## Exhibit 10.31

**Exhibit 10.31**

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In Seville, on October 10 , 2025 GATHERED On the one hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and Tax Identification Number B - 55434377 , duly represented in this proceeding by Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 458 - Z, by virtue of powers of attorney dated October 9 , 2025 , before the notary of the Illustrious College of Notaries of Andalusia, Mr . Gonzalo García Manrique y García da Silva . Hereinafter, the "Transferor . " And on the other hand, DC ESTATE MALPICA S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 48 bajo derecha, 41 . 011 Seville, and Tax Identification Number B - 23918386 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - , hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : STATE I . - That the Assignor is the owner of the rights and obligations arising from the lease agreement dated February 24 , 2025 , with C . B . Hermanos Partearroyo, in its capacity as lessor, and that its purpose is the use and exploitation of an area corresponding to 105 . 2583 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic facility on the following properties : Attached to this document, as a SINGLE ANNEX, is a full copy of the lease agreement subject to assignment, which the parties consider to be reproduced in its entirety for all legal purposes . II . - That the Assignee is a company incorporated for the operation and development of data centers and energy projects, including energy generation through renewable sources and/or any other alternative energy . 1 / 3

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III . - That BLACKBERRY AIF SL and EDGEMODE Inc . signed a Memorandum of Understanding ("MOU") on September 15 , 2025 , in which they agreed to establish a special purpose vehicle and five operating companies in Spain, including the transfer of BLACKBERRY AIF S . L . 's lease agreements to each SPV as the basis for the operation of the projects . IV . - That in compliance with the foregoing, the parties agree to transfer the rights of the Lease Agreement described in the first recital to the Assignee, with all inherent rights and obligations, by means of this document : STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 105 . 2583 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, the Assignee thereby assuming all the rights and obligations of the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , all rights and obligations arising from the Lease Agreement are hereby assigned , and the Assignor is hereby fully released from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - The assignment of the rights of the Lease Agreement is made pursuant to the Memorandum of Understanding ("MOU") dated September 15 , 2025 , between BLACKBERRY AIF S.L. and EDGEMODE Inc., which constitutes the basis and authorization for this assignment. Fifth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes related to the existence, validity, and termination of this Agreement . 2 / 3

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If a dispute is not resolved in accordance with the previous paragraph within ten (10) business days from the start of the dispute, then, at the choice of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness thereof and with the obligation to comply with it, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor : Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users BLACKBERRY AIF SL By proxy Ms. Mª CARMEN MORA GÓNGORA The Assignee: Signed by MORA GONGORA JOSE ANTONIO - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users DC ESTATE MALPICA SL. As Sole Administrator Mr. JOSÉ ANTONIO MORA GÓNGORA 3 / 3

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LAND LEASE AG RE EMENT9

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In Madrid, on February 24 , 2025 GATHERED From one party, Mr. (Francisco) (Partearroyo) Lacaba. of legal age, of Spanish nationality , residing at (28029) MADRID (Spain), at Archbishop Morcillo No. 22 , 8th floor, and with D. u.I. 03773017M, hereinafter referred to as " PROPERTY". Mr. Josó A. Mora Góngora, of legal age, of Spanish nationality and with (ID No.) (79 .203.459 - S,) representing the commercial company NGE SPAIN SOLIA RzaEWABLES SL , a Spanish entity with registered office in Seville, c 8 IIe Vifgen de Luján n ƒ 50 bloque 2 bajo B . hereinafter identified as " DEVELOPER AND/OR LESSEE" . PARTIES Acting as PROPERTY owner representing CB - Hermanos Partearroyo Lacaba, CIF - E 85728277 , with the same registered address as its representative and considering itself to have sufficient legal capacity to enter into this lease agreement . The DEVELOPER acting in its own name and right and considering itself to have sufficient legal capacity for this contract . THEY DECLARE 1 . - Oua la PROPIEOAD is the owner of the full ownership of the " rustic premises" described below, all of which are part of the "Finca Malpica" hereinafter referred to as "PREMISES subject to the Contract" : - Premises 8 of plot 11 , polygon Z 5 da Mora de Toledo Cadastral Reference : 45107 A 025000100000 MS . ............................... 44 . 1434 hectares . - Premises 6 of plot 11 , polygon 25 of Mora de Toledo Cadastral Reference : 45107 A 02500010000 OMS . ...... , ..... ... 61 . 1149 hectares . Total hectares covered by the lease .. .. . - .... .... ....... , 105 . 2583 hectares . - The MALPICA estate covers an area of two hundred and twenty - three hectares, eighty - two areas and thirty centiares - 223 . 8230 hectares - and is registered in the Orgaz Property Registry in volume 1100 , book 260 , folio 131 , estate no . 2513 a/bis . A simple informative note from the property registry is attached as ANNEX 1 , as well as the cadastral certification , which is incorporated into this document as " ANNEX 2 . " 2 . - That the DEVELOPER expresses interest in the economic exploitation of the Properties through the construction and installation therein of the

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element s necessary for developing a business project consisting of the (exploitation) (of) (a) (type) (data) (type) IV and a photovoltaic plant with a power to be determined (hereinafter referred to as the "PROJECT"). 3. - The PROPERTY is interested in finalizing , together with the DEVELOPER a lease agreement under the terms of the agreement. E9TłPULACłONE9 FIRST• Legal regulation PREMISES indicated, œnslntíøndo and The present contract is entered into in accordance with the provisions of the Civil Code, and reflects the will of the Parties as expressed in the agreement, a n d , additionally, IOS the provisions of the aforementioned Code , Royal Legislative Decree 7/ 2015 of October 30 , which approves the consolidated text of the Law on Land and Urban Rehabilitation , and Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The Lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the certificates or simple informative note from the Property Registry of the municipal district where the project is located , attached to this contract as ANNEX 1 . THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts and agrees to the terms and conditions set forth in this contract, PREMISES 6 and 8 , identified as such by the SIGPAC viewer , located at POLIGONO 25 PARCELA 11 in ŁDORA DE TOLEDO, free of charges and encumbrances, as well as occupants and tenants . Likewise, the Lessor agrees to pay taxes , fees, and expenses of any kind generated by any concept that is inherent or accessory to the lease , and shall remain so during the term of the Agreement . Notwithstanding the foregoing, the Parties agree that the surface area, boundaries , and/or specific location of the Leased Area where the data center and solar photovoltaic installation will be located may be modified and adjusted by the DEVELOPER according to the technical requirements of the project, taking into account the possible encumbrances and easements that may apply to them . The leased area will therefore be considered as usable area, and the lease price will be adjusted to the final leased area . To this end , a plan will be attached to this agreement, including details of the accesses and rights of way necessary for the installation . The lessor expressly authorizes the lessee to make full use and control of the leased area , as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the surface, airspace , and subsoil . 3

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FOURTH : Rent, payment and form of payment The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, prior to the commencement of the lease, shall be as follows : Phase I : Studies and Permits • This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . No income will be accrued during this phase . This phase will last 24 months, automatically extendable for another six months at the request of the DEVELOPER in the event of a justified delay ; however, if the DEVELOPER obtains all the necessary permits to begin Phase II, this will be the actual duration of Phase I . • During this phase, contractors will be selected and the works will be carried out until the data center and solar plant are operational . The annual amount agreed for Phase III will be paid proportionally to the time elapsed between the start and completion of the works, in semi - annual payments in advance . This phase will last twelve (12) months , with the possibility of a six (6) month extension in the event of a justified delay, with a report being drawn up on the completion of this phase . Phase III: Project Operation • During this phase, which will last for thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of €2,000/ha. Payment shall be made in advance every six months , within the first fifteen days of each six - month period. FIFTH: Rent review The rent shall be annually index that replaces it . If the corresponding reviewed according to the variation in the CPI published by the INE or CPI is negative, the review will not be carried out . SIXTH Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the (project), authorizing the DEVELOPER to occupy the necessary parts of the PREMISES covered by the contract and to carry out the necessary infrastructure works . SEVENTH Permits , licenses , and authorizations Obtaining all necessary permits for the project shall be the exclusive responsibility of the DEVELOPER, who shall bear all related expenses .

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EIGHTH: Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the legal provisions relating to the environment and other provisions that may affect it . It shall hold the PROPERTY harmless from any liability arising from the project, the execution of the works , and the operation of the activity . NINTH: Use of the farm by the property The PROPERTY may continue with agricultural activity until the start of construction . If the DEVELOPER requires early evacuation of the agricultural production cycle , the PROPERTY shall be compensated for the estimated value of the harvest according to market value and taking the immediately preceding year as a reference . TENTH: Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to compensation for damages . The DEVELOPER may terminate this lease agreement at any time , unilaterally, without penalty and without compensation to the Property during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner , with the termination taking effect from the date of notification . Without prejudice to the power granted in this Provision, the DEVELOPER may, in any case and at any time during the three PHASES , with a minimum of 30 days' notice , terminate this contract without penalty or compensation in favor of the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, represents a breach of the economic balance of this contract or the project . or that in any other way frustrates or makes it more difficult or burdensome to achieve the purpose pursued by the DEVELOPER with the conclusion of this contract . Likewise, you may resolve it without penalty in the event of denial of any permit that renders the project unfeasible . In any case, the DEVELOPER undertakes to leave the PREMISES covered by the contract in the same condition as they were at the start of the works . To this end, and in the event that this is not legally stipulated, the DEVELOPER shall provide a guarantee in favor of the PROPERTY, for an amount equivalent to the cost of dismantling, to ensure the dismantling of the land and its return to its original state in the event that the DEVELOPER fails to carry out the dismantling . This guarantee shall be delivered at the start of PHASE III and shall be renewable annually .

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ELEVENTH: Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the transfer of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract . TWELFTH: Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER . The DEVELOPER waives the right of first refusal and repurchase in all cases. THIRTEENTH : Acknowledgment THE LESSEE and THE LESSOR (and any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract, the participation as INTERMEDIARY of D\* CELIA CAÑERO HIJOJOSA, with ID number 47 , 207 , 370 - P . (or any natural or legal person that may be designated) , undertaking, for this purpose , to pay the professional fees corresponding to each party in accordance with the contract signed between them, with both the LESSEE and the LESSOR assuming the economic, legal , and technical conditions contained therein . FOURTEENTH . - Sole agreement This contract supersedes any previous agreement related to Any modification must be in writing and signed by both parties. TENTH: Partial invalidity its subject matter. The invalidity of any provision shall not affect the validity of the remainder of the contract . SIXTEENTH : Notifications Notifications must be sent by certified mail or certified fax to the addresses indicated . They may be sent in advance by email , but will not take effect until the certified mail or certified fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Registry of the Property a request by either party. being the costs a charge of the party that requests requests. This contract shall be made public at the latest once the Municipal Building Permit and other permits, the costs of which shall be borne by the DEVELOPER. 6

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EIGHTEENTH: Expenses and taxes will be from the contract arising andexpenses The taxes by the DEVELOPER. covered NINETEENTH : Jurisdiction For the resolution of conflicts, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Orgaz, with both parties agreeing to conciliation even if it is not mandatory . In witness whereof, the parties sign this contract in duplicate and for a single purpose in the place and on the date indicated . THE PROPERTY, Hermanos Partearroyo Lacaba C . B . through its legal representative THE DEVELOPER legal representative NGE SPAIN SOLIA RENEWABLES SL, through its 7

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ANNEX I TO THE LEASE AGREEMENT : SIMPLE NOTE

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C . 9 . Y. : ZJ50O74862O9Z2B6 Registration 9ÑNCBXB VBlZ•IZít•?t , BS¥'BSR DXy/NIP 50¥50057Y J5«50 O9«»g (z'OzsoO) Applicant: PARTEARROYO LACABA, FRANCISCO NORA ESTATE No.: 23130/BIS Volume : 1100 Book : Z 60 Folio : 131 Registration : 4 Date : 08 / 20 / 2016 IDUFIR : 45007000319128 . RURAL: FIFTH IN MORA, MALPICA AREA . LAND AREA : two hundred and twenty - three hectares , eighty - two areas, thirty centiares BORDERS : north, D 2 ROAD FROM VILLANUEVA DE BOGAS TO VILLAMUELAS, PROPERTY KNOWN AS PE 3 ALA Chica, AWARDED TO AMALIA VALLANO AND HER CHILDREN , THE PARTEARROYO VALLAWO BROTHERS ; South : EL NORRO PROPERTY AND PE 3 ALA PROPERTY AWARDED TO AMALIA VALLANO AND HER CHILDREN , THE PARTEARROYO VALLANO SIBLINGS ; East : PEOALA CHICA PROPERTY AND EL NORRO PROPERTY AWARDED TO THE PARTEARROYO NIETO SIBLINGS ; West : VILLAMUELAS NEIGHBORS AND THE PE 3 ALA PROPERTY It has two houses, a well, and a threshing floor . It is dedicated to the cultivation of cereals, pastures , and vineyards . The pasture area covers two hectares and ninety centiares . The cereal area covers two hundred hectares, fifty areas, twenty - five centiares, and the rest is dedicated to vineyards . CADASTRE REFERENCES : 45107 A 025000 l 10000 MS and 45 l 07 A 0250003500 O 0 MD . OWNERSHIP Dor ALFRBDO PARTEARROYO LACA 8 A with Tax ID No .: 34709 BM for one - eighth of the undivided freehold of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1599 , before Notary Doha MARÍA DE LOS ANGELES ESCRIBANO ROMERO . - Registration 2 ' . On May 3 , 2000 , in volume 1 lD 0 , book 260 , folio 131 . Eighth undivided part of the full ownership of this property on an exclusive basis . - Acquired by inheritance, by deed executed in Madrid on June 29 , 1999 , before Notary Public Ms . María de los Ángeles Escribano Romero . t8lBIItI¢BIEl8Ill6lñfiIIblllB WWW.REGISTRADORES ORG Page 2 of 5

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Registrars Dofa RI RU DIAB PARTEERROTO with Tax ID No .: 14 . 309 . 380 - E with regard to a sixteenth undivided share of the bare ownership of said property on an exclusive basis . - Acqu ired by inheritance, in a deed executed in Majadahonda, dated 08 February 2011 , Anne , your Notary Public, Mr . VIDAL OLIVAS NAVARRO . - Entry 4. On May 20 , 2016, in volume 1100, book 260, folio 131. In the margin of registration/annotation 4, there is a note dated according to which it is subject to possible review for 5 years assessment of inheritance tax , having paid 321.39 euros. 05/20/16, for self - There are NO documents pending dispatch. BASIC INFORMATION ON THE PROTECTION OF PERSONAL DATA Data Controller : Registrar/Entity listed in the header of the document . For more information, please consult the rest of the data protection information . Purpose of processing : Provision of the requested registry service , including associated notifications and , where applicable , billing for the service, as well as compliance with legislation on money laundering and terrorist financing, which may include profiling . Legal basis for processing: Data processing is necessary: for compliance with a public interest mission or in the exercise of public powers conferred on the registrar, in compliance with the corresponding legal obligations , as well as for the performance of the requested service . Rights: Mortgage and commercial legislation establishes a special regime regarding the exercise of certain rights, which must therefore be complied with. For matters not covered by the registry regulations , the provisions of data protection legislation shall apply , as indicated in the additional information . In any case, the exercise of the rights recognized by data protection legislation to the owners of such data shall comply with the requirements of the registry procedure . Data categories : Identifying information, contact details, other data available in the additional data protection information . Recipients: Data processing by other recipients is anticipated . No international transfers are anticipated . Sources from which the data is obtained : The data may come from : the data subject themselves , a representative, legal representative , agency/consultancy. Tax ID number : 34500Y28620922g6

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ANNEX II TO THE LEASE AGREEMENT : CADASTRE REFERENCE

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• CADASTRE CERTIFICATION DESCRIPTIVE AND GRAPHICAL Cadastral reference : 45107A0250001 JOOOOMS Location: Poląpono 25 Parcel 11 POZO AMARGO. MORA [TOLEDO] Class: Rustic Main use : Aquaria Cadastral value +\* I Cadastral value of land: Value ¢at¥str6l construction: € 115,744.69 22,970.S7 € Built area: 592 m2 Ownership Surname Name / Company name PAN TEAF'RO¥ O LACABA ALFREOG PAR TEARRO TO LACABA /SABEL Construction Es¢./Płta,/PrtîB, Year Construction: 1990 Nlf/NłE Defe

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LIST OF ADJACENT PARCELS CADASTRAL CERTIFICATION DESCRIPTIVE AND GRAPHICAL Cadastral reference : 45107AO250001 t0000MS .... .. ..... .. ,. .... , , .... ... .. - . ,. - , ... . - . - , .. . . . . . ., . . . - . ... . . - . . .. . ø Cadastral reference : 45107AO25O005Z0000M8 Location: Polygon 25 Plot 52 NORRO. ktORA [TOLEDO] Main activity COMERCIO Y FINANZAS SL B7867 \ KB7 CL LOPEZ OE HOYOS 28006 MADRID (MADRID] Cadastral reference : 45107A0250O0510000MA NORRO. MORA (TOLEDO) Main ownership COMERCIO Y FINANZAS SL B76671187 CL LOPEZ DE HOYOS 1 28006 MADRID {MADRID] Cadastral reference : s5107A025000120000MZ Location: Polígono 2fi Paula J2 P. HELADA. MORA \|TOLEDO] Main title Surname First name / Company name COKtERClO Y FtNANZAS SL B78671187 CL LOPEZ DE HOYOS 1 28006 MADRID [MADRID] Cadastral reference : 45 f07A025090010000MJ LoCellzattón: Polygon 25 Plot 9001 VARIOUS. MORA }TOLEDO] Main ownership Tax ID TOPOGRAPHICAL DETAILS MN tdORA 45400 MORA {TOLEOO) Cadastral reference : 45192A011090070000WZ Location: Polygon 11, Plot 9007 CR V \ LLANUEVA BOGAS. VILLAMUELAS }TOLEDO] Main title TOLEDO PROVINCIAL COUNCIL P4500000G PZ MERCED 4 45002 TOLEDO }TOLEDO] Noia5l6 D&m 4 nIo grm¥d 4 In G3'Yy seh da la Dwl cMbn Gan ¥a l owl CataMor Csv: e d PsvWMQJxd\* yefioa b ie enh s "/ e d ecaaao4 o

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ANNEX I TO THE LEASE AGREEMENT : SIMPLE NOTE

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Registrars REGISTRY INFORMATION sss\*sTRo os ÍA eADPI oM D8 OK RANCRR¥ VELILLA, ESCBRR DNI/NIP 50¥500s7V 454&0 ORMAA (TDIADO) Applicant: PARTEARAO¥o w< & , r cIsCo DATOR D8 IN9CRIPCI6B FINCA DE MORA No.: Z5l3D/BIS Volume: 1100 Book: 26D Folio: 131 Registration: 4 Date: 2D/05/2016 IDUFIA: 450O70003191z8. DB9CBJPCIÓR RURAL: FIFTH In MORA, MALPICA AREA . LAND AREA : two hundred twenty - three hectares eighty - two areas thirty centiaras BOUNDARIES : cut, ROAD FROM VILLANUEVA DE BOGAS TO VILLAMUELAS, FINCA DEWONINADA PEÑALA CHICA, AWARDED TO AMALIA VALLANO AND HER CHILDREN , THE PARTEARROYO VALLANO SIBLINGS ; south, EL NORRO ESTATE AND PEÑALA ESTATE AWARDED TO AMALIA VALLANO AND HER CHILDREN , THE PARTEARROYO VALLAWO SIBLINGS ; east, PE 3 ALA ChICA ESTATE AND EL NORRO EST ATE AWARDED TO THE PARTEARROYO NIETO SIBLINGS : west, VILLAMUELAS NEIGHBORS AND THE PE 3 ALR ESTATE It has two houses, a well, and a threshing floor . It is dedicated to the cultivation of cereals, pastures , and livestock . The pasture area covers two hectares and ninety centiares . The cereal area covers two hundred hectares, fifty areas, and twenty - one centiares, with the rest dedicated to vineyards . CADASTRE REFERENCES : 45 l 07 A 025000110000 MS and 45107 A 025000350000 MD . OWNERSHIP Doo ALFRBDO PARTEARROYO I • ACABA with Tax ID No .: 347098 M for one - eighth of the full ownership of this property on an exclusive basis . - Acquired by Management, in a deed executed in Madrid on June 29 , 1999 , before Notary Public Ms . MARÍA DE LOS ANGELES ESCRIBANO ROMERO . - Registration 2 ' . On May 3 , 2000 , in volume 1100 , book 260 , folio 131 . Ms. AARI JBSUS PARTEARROYO IACAEA with Tax ID No.: 05.225.8B3 - F with regard to an eighth undivided part of the full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 2 , 199P, before Notary Public MARiA DE LOS ANGELES ESCRIBANO ROMERO. \ W/¥¥, REGISTRARS ORG Page 2 of 5 C.9.v.: 2€5O07J96S0922s6

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Registrars DoSa ELIRA DII\* pmRTEARRO¥D with Tax ID No.: 14.309.380 - E sixteenth undivided part of the bare ownership of this in relation to a property with carAcYer exclusive property. - Acqu ired by inheritance, in a deed executed in Najadahonda, dated 08 February 2012, before Notary Public Mr. VIDAL QLIVAS NAVARRO. - Entry 4. On May 20 , 2016, in volume 1100, book 260, page 131. In the margin of entry/annotation 4 , there is a note dated 05 / 20 / 16 , according to which it is subject to possible review for 5 years due to the self - assessment of the Sutesindes Tax , having paid 321 . 39 euros . There are NO documents pending dispatch. BASIC INFORMATION ON THE PROTECTION OF PERSONAL DATA Data controller : Registrar/Entity listed in the header of the document . For more information, please refer to the rest of the data protection information . Purpose of processing : Provision of the requested registry service , including associated notifications and , where applicable , billing for the service, as well as compliance with legislation on money laundering and terrorist financing , which may include profiling . Legal basis for processing: E2 Data processing is necessary: for the fulfillment of a mission carried out in the public interest or in the exercise of public powers conferred on the registrar, in compliance with the corresponding legal obligations , as well as for the execution of the requested service . Rights: Mortgage and commercial legislation establish a special regime regarding the exercise of certain rights, which will be complied with. For matters not covered by the regulations , the provisions of data protection legislation shall apply , as indicated in the additional information . In any case, the exercise of the rights recognized by data protection legislation to the owners of such data shall comply with the requirements of the registration procedure . Data categories : Identifying data , contact details, other data available in the additional data protection information . Recipients: Data processing by other recipients is anticipated . No international transfers are anticipated . Sources from which the data originates : The data may originate from : the interested party , representative, legal representative , agency/consultancy. C . B.6 .: 24SO072B62092Ze6

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ANNEX II TO THE LEASE AGREEMENT : CADASTRE REFERENCE

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t. R\*E ČION OF ADJACENT PARCELS' " " " " "" " DESCRIPTIVE AND GRAPHICAL CADASTRAL CERTIFICATION Cadastral reference : 45107AO250001100ß0MS Cadastral reference : 4S107A025000520000MB Location: Polygon 25 Parcel 52 NORRO. MORA \|TOLEDO] Main ownership COMERCIO Y FINANZAS SL B78671187 CL LOPEZ DE HOYOS 1 28006 MADRID ÎMADRID] Location: Poligono 25 Parcela 51 NORRO. /vÏORA (TOLEDO{ Primary ownership Apallados Nombra / Rozòn soeiøl COMERCIO Y FINANZAS SL B78b71187 CL LOPEZ DE HOYOS 1 28006 MADRID (MADRID) Cadastral reference : 45107A025000120000UZ Location: Polygon 25 Plot 12 P.HELADA. MOFŁA țTOLEDO) Main owner APalkdos Name / Company name COMERCIO Y FiNANZAS SL B78671187 CL LOPEZ DE HOYOS 1 28006 MADRID [MADRIO] Cadastral reference : 45107A025090010000MJ Location: Polígono 2S Parcela 9001 VARIOUS. MORA{TOLEOOJ Main ownership Appendices Name / Company name TOPOGRAPHICAL DETAILS MN MORA 45400 MORA [TOLEDO) Cadastral reference : 45T02Ao1‹09œ7oœowz Location: Polgono 11 Parcel 9007 CR VILLANUEVA BOGAS. VILLAMUELAS {TOLEDO] Main ownership gun Nomjaa / aazas TOLEDO PROVINCIAL COUNCIL P4500000G PZ MERCED 4 45002 TOLEDO \|TOLEDO] Page 5/6 Date of filing : 1 /02/2023

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omecc›o»csuf+ DESCRIPTIVE AND GRAPHICAL CADASTRAL CERTIFICATION Cadastral reference: 45107A025000 t10000MS Cadastral reference : 45107A02S09002 — Location: — Main title E' Page 6/6 _G

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,_, , ƒ • _ _ „ CADASTRE CERTIFICATION DESCRIPTIVE AND GRAPHICAL Cadastral reference : 45107A0250001JOOOOMS Cadastral reference : 4S1O7A02500I370000MO Location: Polygon 25, Plot 32 PENAIA MORA{TOLEDO} Main owner Tax ID COMERCIO Y F)NANZAS SL B78671187 CL LOPEZ DE HOYOS Cadastral reference : 45107A025000560000MP Location: Polygon 25, Plot 56 P.CHICA. k \ ORA ITOLEDO] Main ownership COMERCIO Y FINANZAS SL B78671167 CL LOPEZ DE HOYOS 1 28006 t \ 4ADRTD [MADRID] Cadastral reference : 4sl9zAos1000230000WB Location: Polygon 11 Plot 23 HAZA LLANA. VJLLAMUELAS \|TOLEDO] Primary ownership Apallldos Name / Social security number CORCHADO SORIAHO MARIA CARMEM Nlfi 021226Y2W CL GOYA 32 28001 MADRIO [MADR)O] Cadastral reference : 4519MO11000290000WA HAZA LLANA. VILLAMUELAS [TOLEDO1 Main ownership Surnames Mombra / company name CORCHADO SORfANO MARfA CARMErt 02122672W 2800 MADRID {MADRID] Reference cataStrg\| ; 45107AO250O0370O€i0MJ Location: Industrial Park 25 , Plot 37 PALOMAR, MORA FTOL Ef3¢3] Principal ownership Tax address B7667ñ187 CL LOPEZ DE HOYOS 1 28006 MADRID [MADRID\| COMERCIO Y FINANZAS SL I - JOja 476 " ' -- - ' • - ' - . ""' ' - - '. - - " '. ' - - "'"' - - - " . '' - -- - - - ' -- . . - .'' ,. - .,., ., ...,. — . . . . .. , . . . , ' - - ' R E " £AC t - ON0 " E " 9 . AR - C - -- Et - A - - SCO - - T ' ìNDAN - j£$" . — .. . . . .. . — .. ,. . .. .. ... — .. . , . — — - ..... ..

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, . ,. .. . . . ,. ...... . . .. ... .. . ... . . , .. ;. . ,. , ., .. . . . — , ,. , . ..... . . .. . ... DESCRIPTIVE DATA OF THE PROPERTY ICON INUACIOi) T \ tu1arid8d (Continued) Ap•llldoa f¥ombr•/ Raz6 soctat cL 5An ERNESTO 6 Es:S PI.Ob Pt:A 12.50% of 03752729A PARTEARROYO LACABA MARIA OEL CARHiEN 28003 MADRID [MADRID] property CL HOMERO 10 28220 MAJADAHOUDA (/ \ 4ADROj 12.5D'K of property D3T6ó814N PARTEARROYO LACABA AMELIA [HEREOEROS DE) CL ALAVA. T1 PI:04 PLG 2.50% of O376905PL 28O17 MADR \ D \|MADRiD] CLARZOBISPO MORCILLO 22 Es:1 PI:08 Pt:C 13.50')6 d• 037730t 7M PARTEARROYO LACABA FRANCISCO 28029 MAORiO [MADRID] proI>age 12.50% of 05212958P PARTEARROYO LACABA MARfA OLVIDO 28039 MAORIO [MAORtD) property CL HERMANOS GOMEZ 50 Es:7 PI:03 R:A 28017 iLtADRID {?ytADRfDt 12.0D% 0e property O5Z25BB3F PARTEARgO'ro LaciUARI‹ Jesus „p• CADASTRE CERTIFICATION DESCRIPTIVE AND GRAPHIC Cadastral reference : 45107A025000110000MS Cuitlyo (Continued) Subparcsla ¢ulclvo/Aprovecharnfanco IP 5ups•flc/a m' Subparcsla Cult+•o/ 78,633 12 C - LABOR OR LABRADIO SEGANO f 137,678 01 e E - ERIALA PASTOS 185 14 C - LABOR Q LABRADfO SEGANO h 352 07 g 0 - OLIVE GROVE F - ALMOND TREES j 6,666 06 V - PISTACHIO 18.B34 MM PfNO NEGRAL IytADERABLE (Pir \ us pfnaW$i) Cadastral Reference : 45107A02500030000QMF Location: Polygon 25, Parcel 30 P.HELAOA. ldORA{TOLEDO] Principal ownership ApflJlldo¥ Notary / fi'aZó+• ao¢ial BERIdUDEZ CUESTA JOSE 03650544F PZ CURA 3 P):01 R:B 4'2749 VILLATUDELAS \|TOLEDO] Cadastral reference : 45107A025a00290UXINtO Location: Polygon 25 Plot 29 P.HELADA. MORA {TOLEDO] Main titleholder Surnames Mombr« / Company name BERMUDEZ CUESTA BENITO 70326014H CL ARENAL 5 4s74s VlLLAktUeLAs (TOLEDOj Ho)a 2/6

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Registrars ^\*\*^^\*\*\*^^\*\*^\*^ Further information on data protection is available at https://www.registradores.orgfpolitíca - de - privacidad - servicios - registrales depending on the type of registration service requested. TERMS OF USE OF THE INFORMATION The information made available to you is for your exclusive use and is non - transferable and confidential , and may only be used for the purpose for which it was requested . The transfer or assignment of the information by the user to any other person, even free of charge, is prohibited . In accordance with the Instruction of the Directorate General of Registries and Notaries of February 17 , 1998 , the incorporation of the data contained in the registry information into files or databases for individual consultation by natural or legal persons is prohibited , even if the source of origin is indicated . aaxvtoto web aa ve«3.:tAaaotóa: bttpa:/ynaaa. xagtcccadoxaa.exq/cce (•J ze¥s do

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Registrars REGISTRY INFORMATION - Entry 2'. On May 3 , 2000, in volume 1100, book 260, folio 131. Mr. AAAIA OLVIDO PARTBRRRDTO LhC#8A with Tax ID No.: 5212958P with regard to one - eighth of the undivided full ownership of this property on an exclusive basis , - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public María de los Ángeles Escribano Romero. - Registration 2. On May 3 , 2000, in volume 1100, book 260, folio 131. Mr. ¥]UUHCI9CO PAA'M&ARRDYO LACABA with Tax ID No .: 03.773.017 - N with regard to one - eighth of the undivided full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public María de los Ángeles Escribano Romero. - Registration 2'. On May 3 , 2000, in volume 1100, book 260, folio Ul. Doña MARIA CRISTIANA PHARTBARROYO LACABA with Tax ID No.: 03.769.052 - L with regard to an eighth undivided part of the full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public MARÍA DE LOS ANGELES ESCRIBANO ROMERO. - Entry 2, on May 3 , 2000, in volume 1100, book 260, folio 131. Doha I9AB8L PARTEARROYO LACABA with Tax ID No.: O3.J5O.664 - P with regard to one eighth of the undivided full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public MARiA DE LOS ANGELES ESCRIBANO ROMERO. Registration 2'. On May 3 , 2000, in volume 1100, book 260, folio 131. Dot\* NAAIA C8UV€BN PARTAARROYO LACABa with Tax ID No.: 03.J52.729 - A with regard to an eighth undivided part of the full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Doha MARÍA DE LOS ANGELES ESCRIBANO ROMERO. - Registration 2'. On May 3 , 2000, in volume 1100, book 260, page 131. Mr. JOSE LDI9 DIE& CORT8S with Tax ID No.: Z9. 292.337 - C with regard to one - eighth of the usufruct of this property on an exclusive basis . Acquired by Management, in a deed executed in Hajadahonda, dated February 8 , 2011, before Notary Public Mr. VIDAL OLIVAS NAVARRO. - Registration 4'. On May 20, 2016, in volume 1100, book 260, folio 131. Mr. PABLQ OIEZ PARTRRRROTO with Tax ID No.: 14.302.585 - N in relation to a sixteenth undivided share of the bare ownership of this property on an exclusive basis . - Acquired by Management, in a deed executed in Majadahonda on February 8 , 2011, before Notary Public Mr. VIDAL OLIVAS NAVARRO. - Entry 4. On May 20 , 2016, in volume 1100, book 260, page sul, Page 3 of S c.S.V.: 2€5gg7S862092JX6

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Ñ9glS(ftÜ0fQS REGISTRY INFORMATION Registration information issued by: ESTHER SANCHEZ VELILLA Property Regist rar of ORGAZ PROPERTY REGISTRY PEPE CARBONELL. 9 4S450 — ORGAZ (TOLEDO} Telephone: 925317064 Fax: 925347204 Email: orgaz@,registrodelapropiedad.org corresponding to the request made by: FRANCISCO PARTEARROYO LACABA with ID/Tax ID: 3773017M LEGITIMATE INTEREST CLAIMED: The applicant holds certain rights over the property. IDENTIFIER OF THE SOL tCfTUD M94UH06U { Cite this identifier for any communication related to this simple note) Your reference. IlIIIlIlfIIlIIl£Ml€II#llllIllllIlllITIlllll5 C . S . Y .: zd 500728 620922E6 Page 0 O•5

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Om cci NG£ f'‹^(DESCRIPTIVE AND GRAPHICAL CADASTRAL CERTIFICATION Cadastral reference : 45107A025000110000MS Cadastral reference : 45107A02S09002 — Location: — Principal ownership '

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DESCRIPTIVE AND GRAPHIC CADASTRE CERTIFICATION Cadastral reference : 45107A025000110000MS Cadastral reference : 45107A025000320000MO Location: Plot 25, Parcel 32 PENALA. MORA \|TOLEDO] Principal ownership COMERCIO Y FINANZAS SL B78671187 CL LOPEZ DE HOYOS 1 28006 M#,DR \ D l\*ADRtD] Location: Poligono 25 Parcela 56 P.CHICA. +xORA {TOLEDO) Principal ownership COMERCIO Y FINANZAS SL B78671187 CL LOPEZ DE HOYOS 1 28006 MAD UD [ktADRlD] Cadastral reference : 45192A011O00Z3D0a0WB Location: Polígono 11 Parcela 2!3 HAZA LLANA. VfLLAMUELAS \|TOLEDO] Main address CORCHADO SOR)ANO MARIA CARMEN QZ122672V¥ CL GOYA 32 28001 MAORID [MADRID\| Cadastral reference : 4s1gzAo11ooozzoooowA Address: Potigana II Pafcsta 32 HAZA LLANA. VtLLA6IUELAS {TOLEDO] Main ownership CORCHADO SORIANO MARIA CARMEN 021Z2€i72W CL GOYA 32 2800t 6áAORtD \ saADRtO] Cadastral reference : 45107A025000370D00Mf Location: Poligono 2S Pamela 37 PALOS \ MAR MORA fTOLEDO\| Main ownership Apallfdos Name /Reasons soaaJ COMERCIO Y FINANZAS SL Nir oomidiio fi¥c«i B78671187 CL LOPEZ DE HOYOS 1 28006 MADRID (ktADRtD] floja 4/6

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Ofi DESCRIPTIVE AND GRAPHICAL CADASTRAL CERTIFICATION Cadastral reference : 45107A025000110000MS Cultivation (Continued) 78,633 12 C - LABOR 0 LABRAOfO SECANO f 137,678 01 e E - ERLAL A PASTOR 185 14 C - LABOR OR DRY FARMING h 352 07 g O - OLIVE GROVE 163.6 04 F - ALf/tENOeOS i 6,666 06 V - PISTACHIO \*s.0^ MM PiNO NEGRAL MADERA8LE [PinuS pina'f Tr1 Cadastral reference : 45107A0250003O0000MF Location: Polygon 2S Plot 30 P. HELADA. MORA {TOLEDO] Ownership printfpa I BERMUOEZ CUESTA JOSE O3650S44F P2 CURA ú PM:01 Pt:B 45749 VILLAMUELAS {TOLEDO] Cadastral reference : 45107AO25000Z90000MO Location: Polygon 25 Plot 29 RHELADA uORAÇOLEDO] Principal ownership BERMUDEZ CUESTA BENITO 70326014I - J CL ARENAL 5 45749 VILLAMUELAS \|TOLEDOj Name \| (Continued) Surnames Oaracho Tax Name/ Company name ID/Foreign ID CL SAN ERNESTO 6 Es:'4 R:06 PIMA 12,509d de 0375Y728A PARTSARROYO LACABA MARIA DEL 28IXI2 MADRIO \|MADRlOj property CARMEN CL HOMERO 10 28220 MAJAI}JXI - JONDA [MADRIO] 12.50'j6 of property 03766814N PARTEARROY OR LACABA AMELIA [HEIRS OF] CL VAT, 11 PI:04 R:G ,. 12.509 of 03769052L PARTEARRDY 0 LACABA MARIA CRISTINA 28017 ktADRfD [MADRID\| property CL AfIZOBl5PO MORCILLO 22 Es:1 PI'08 R:C 12.50% of 03773017M PARTEARROYO LACABA FRANCISCO 28029 MADRIO [MADRID] CL ALMANSA 4\* PI: - 1 R:B 12.50 ƒ 4 of 0M12958P PARTEARROYO LACABA MARIA OLVIDO 28039 MADRID (MADRID\| property CL HERMANOS GOMM 50 Es:7 PI:03 R:A íZ,5O},from D522588JF PARTEARROYO LACABA fdAR)A JESUS 28017 MADRID {MADRID] Property E' oo

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Page 2l6

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Location: Polygon 25, Plot 11 POZO AMARGO. MORA \|TOLEOO] Class ! RUSTIC Main use : Agricultural Built area : 592 m2 Year of construction: 1990 CONSTRUCTION AGRICULTURAL EiE He IENOA Staircase/Floor/Door 1/00/01 1/00/01 Sl00l02 surface m' 134 304 63 w r o w w ae a w w+e«w a a a • a a w e a xc c wo - s LAND REGISTRY DATA FOR REAL ESTATE Cadastral reference: 45107A025000110000MS Graphic area : 2,188,487 m2 Property share : 10D,00 ƒ á Type: Plot, for cadastral purposes , with properties of different types [urban and rural I CULTt4O Area m' 614,233 Production intensity 10 Cultivation/use c LABOR OR LABOR 3ECA OR 5ubp8rceia 535,755 1 C Lé,eOR O LABRAD \ O SEGAI'jO 554.2B6 02 MM BLACK PINE TIMBER IPinus pina•‹• I 78.832 01 E - ERIAI. A PASTURES d 137,678 1 E - ERfAL A PA.STOS 38,633 12 c - LABORD LA8RADIO SECANO 3S2 07 0 - OLIVAR 185 14 C - LABOR 0 DRY FARMING h 6,666 06 V - PISTACHIO 163,883 Od 7 - AL?dENDROS \ 6,934 Ot MM BLACK PINE TIMBER {PiruJs pinastwt} This document is not a cadastral certification , but its data can be verified through the "Access to protected cadastral data of the SEC." Thursday , November 28 , 2024 32 62 DArOS, REAL ES TAT E • - ' . . '" - RECORD S č " " " ' "" ." - " " " - — " - "

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Registry ^^\*'^^ Other information on data protection : Available at Wttpo:// www.registradores.org/politica - de - privacidad - servicios - registrales depending on the type of registration service requested. CONDITIONS OF USE OF THE INFORMATION The information made available to you is for your exclusive use and is non - transferable and confidential , and may only be used for the purpose for which the information was requested . The transmission or transfer of the information by the user to any other person, even free of charge, is prohibited . In accordance with the instruction of the Directorate General of Registries and Notaries of February 17 , 1998 , the incorporation of the data contained in the registry information into files or computer databases for individual consultation by natural or legal persons is prohibited , even if the source of origin is indicated . ao•ezoto w¥b ae VertCAosaú6o: btcps - //eads.=eg£et=ado•ac.oeg/cav (^) Bata não táuaa eY aaxtocae da eoP1• de ao Ato electaóaAoo. Xg oôd£go Bapexo 4a vsz1r1eaozóo pazntca ooacsgpMx te aoEaoMo£daó da 1s aapsc aad£aacs et aouaso a yoa azôbtyoa olactxóaAooa da1 óxqaoo e axgaotaao p6bZJ.ao Sao\*. ? ••• oogclas zasl1 aad as ea aopox't:a pag•et da c GDe • pol' Ofi 0OB g' GaO fi — • oooc1daxaoAóa da oop1as atst€akZees a Qua £oa£ugao da áxg›co•1óo de aa oódzgo gansxado etaotxózrt - nte o ocaoa a3.co da sso1:e'1oac£óa g•• paza tao ooatxescsz •u cacaotuLa€dad sad aa¢a et axuaaae a 1oa czabtvoo eZas'¥a0a£eos daí óxgaoo u Oxqaoteao púbz1oo eateor. (Mt. 2Y. 3 aa te z,ey 39/101S, from L de oatabza, dai 9'aooa¥gaAeato az 4•stscsctJso aa taa a¥bstzxkaweutoaea P0az1n••.) . 0.8.y.: ¥\*500728620DS2N6

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Registrars - Entry 7'. On May 3 , 2000, in volume 1100, book 260, folio 131. Doc W8RIM OLVIDO PARTRARADTO with Tax ID No.: 5212958P with regard to one - eighth of the undivided full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public María de los Ángeles Escribano Romero. - Registration 2'. On May 3, 2000, in volume 1100, book 260, folio 131, Mr. PRMNCI8CO PAATEMBROTO LMEZBA with Tax ID No.: 03.773.017 - M with regard to one - eighth of the undivided full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public MARÍA DE LOS ANGELES ESCRIBANO ROMERO. - Registration 3'. On May 3 , 2000, in volume 1100, book 260, folio 131. DoBa AARIA CRISTIR& PABT8ARRO¥O LACR8n with Tax ID No.: 03.769.052 - L with regard to an eighth undivided part of the full ownership of this property with exclusive hunting rights . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public MARÍA DE LOS ANGELES ESCRIBANO ROMERO. - Entry 2. On May 3 , 2000, in volume 1100, book 260, folio 131. DoE• IsABsL PARTEnRRO¥O LACM8A with Tax ID No.: 03.J50.664 - P with regard to one - eighth of the undivided full ownership of this property on an exclusive basis , - Acquired by inheritance, by deed executed in Madrid on June 29 , 1999, before Notary Public María de los Ángeles Escribano Romero. - Registration and'. On May 3 , 2000, in volume 1100, book 260, folio 131. Dot\* NBAIA CARNEN PARTRhRROYO LhCmBh with Tax ID No.: D3.752.729 - A with regard to an undivided share of the full ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Madrid on June 29 , 1999, before Notary Public MARÍA DE LOS ANGELES ESCRIBANO AOMERO. - Registration 2'. On May 3 , 2000, at t h e P u b l i c R e g i s t r y O f f i c e N o . 1100, book 260, folio 131. Mr. J09E £oIB DIEZ CORTR9 with Tax ID No.: 29.292.337 - C with regard to one - eighth of the undivided usufruct of this property on an exclusive basis . - Acquired by inheritance, by deed executed in Majadahonda, dated February 8 , 2011, before Notary Public Mr. VIDAL OLIVAS NAVARRO. - Registration 4'. On May 20 , 2016, in volume 1100, book 260, folio 131. 0on PABLO DIE& FABTEARBD¥O with Tax ID No.: 14.302.585 - N in relation to one sixteenth of the undivided bare ownership of this property on an exclusive basis . - Acquired by inheritance, in a deed executed in Najadahonda, dated February 2011, before Notary Public Mr. VIDAL OLIVAS NAVARRO. - Registration 4. On May 20 , 2016, in volume 1100, book 260, folio 131. C.8.V.: 2€¥007S8620sz2&6

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ftegistraJores REGISTRY INFORMATION Registration information issued by: ESTHER SANCHEZ VELILLA Property Registrar of the ORGAZ PROPERTY REGISTRY PEPE CARBONELL, 9 45450 - ORGAZ (TOLEDO} Telephone: 925 317 064 Fax: 925347204 Email: orgaz@registrodelapropiedad.org corresponding to the request made by: FRANCISCO PARTEARROYO LACABA with ID/Tax ID: 3773017M LEGITIMATE INTEREST CLAIMED: The applicant holds certain rights over the property. APPLICATION ID NUMBER M84UH06U (Please use this identifier for any questions related to this simple note) 5 u f'9f£tfPnCi6.' Page 1 of 5 C.B.V.: 245007S86Z09ZZE6

## Exhibit 10.32

**Exhibit 10.32**

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In Seville, on October 10 , 2025 GATHERED On the one hand, BLACKBERRY AIF S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 50 , bloque 2 , bajo B, 41 . 011 Seville, and Tax Identification Number B - 55434377 , duly represented in this proceeding by Ms . Mª Carmen Mora Góngora, with ID number 79 . 203 . 458 - Z, by virtue of powers of attorney dated October 9 , 2025 , before the notary of the Illustrious College of Notaries of Andalusia, Mr . Gonzalo García Manrique y García da Silva . Hereinafter, the "Assignor . " And on the other hand, DC ESTATE CÁCERES S . L . , a Spanish company with registered office in Seville, at Calle Virgen de Luján nº 48 bajo derecha, 41 . 011 Seville, and Tax Identification Number B - 23918394 , duly represented in this act by its sole administrator, Mr . José Antonio Mora Góngora, with ID number 79 . 203 . 459 - S - , hereinafter referred to as the " Transferee . " The parties, each in their respective capacities, mutually and reciprocally acknowledge sufficient legal capacity to be bound by this document and : STATE I . - That the Assignor is the owner of the rights and obligations arising from the lease agreement signed on May 26 , 2025 , with Mr . Antonio Mª Andrada Bermejo, in his capacity as lessor, and that its purpose is the use and exploitation of an area corresponding to 70 . 4386 hectares of the property described below, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent exploitation, maintenance, and operation of a data center and a solar photovoltaic facility on the following properties located in the municipal district of Cáceres : Attached to this document, as a SINGLE ANNEX, is a full copy of the lease agreement subject to assignment, which the parties consider to be reproduced in its entirety for all legal purposes . II . - That the Assignee is a company incorporated for the operation and development of data centers and energy projects, including energy generation through renewable sources and/or any other alternative energy . 1 / 3

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III . - That BLACKBERRY AIF SL and EDGEMODE Inc . signed a Memorandum of Understanding ("MOU") on September 15 , 2025 , in which they agreed to establish a special purpose vehicle and five operating companies in Spain, including the transfer of BLACKBERRY AIF S . L . 's lease agreements to each SPV as the basis for the operation of the projects . IV . - That in compliance with the foregoing, the parties agree to transfer the rights of the Lease Agreement described in the first recital to the Assignee, with all inherent rights and obligations, by means of this document . STIPULATIONS First . - The purpose of this agreement is the transfer to the Assignee of the Lease Agreement for the use and exploitation of an area of 70 . 4386 hectares, of the easements of electrical and aqueduct routes that may be necessary for the installation and subsequent operation, maintenance, and operation of a data center together with a photovoltaic park on the property described in the first recital, with all the rights and obligations inherent thereto, the Assignee thereby assuming all the rights and obligations of the Assignor . Second . - The Transferor assumes the obligation to notify the transfer of the rights arising from the Lease Agreement to the lessor . Notwithstanding the foregoing, and given that the lease agreement expressly allows for its assignment without subjecting the effectiveness of such assignment to any authorization by the lessor, by signing this agreement , all rights and obligations arising from the Lease Agreement are hereby assigned , and the Assignor is hereby fully released from any rights and obligations in relation thereto . Third . - The parties undertake to have this assignment agreement notarized at the request of either party so that, in due course, it may be registered in the corresponding Property Registry, either party being able to compel the other to comply with this clause, with both the notary fees and the registration fees being borne by the Assignee . Fourth . - The assignment of the rights of the Lease Agreement is made pursuant to the Memorandum of Understanding ("MOU") dated September 15 , 2025 , between BLACKBERRY AIF S . L . and EDGEMODE Inc . , which constitutes the basis and authorization for this assignment . Fifth . - For the resolution of any issues that may arise in connection with this contract, both parties shall submit to Spanish jurisdiction . Likewise, they shall attempt in good faith to promptly resolve any dispute arising from or related to this Agreement through negotiation between the legal representatives of the Parties, including disputes 2 / 3

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related to the existence, validity, and termination of this Agreement. If a dispute is not resolved in accordance with the previous paragraph within ten (10) business days from the start of the dispute, then, at the choice of either Party, the dispute shall be resolved before the Courts and Tribunals of Seville (Capital) . Having read this document, the parties agree to its form and content, and in witness thereof and with the obligation to comply with it, they sign and initial it in duplicate for a single purpose in the place and on the date indicated at the beginning . The Assignor: Signed by MORA GONGORA MARIA DEL CARMEN - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users BLACKBERRY AIF SL By proxy Ms. Mª CARMEN MORA GÓNGORA The Assignee: Signed by MORA GONGORA JOSE ANTONIO - \*\*\*0345\*\* on 10/10/2025 with a certificate issued by AC FNMT Users DC ESTATE CÁCERES SL. As Sole Administrator Mr. JOSÉ ANTONIO MORA GÓNGORA 3 / 3

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LAND LEASE AGREEMENT

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In Cáceres, on May 26 , 2025 GATHERED On the one hand, Mr . ANTONIO MARIA ANDRADA BERMEJO, of legal age, of Spanish nationality , residing at C/ Massamagrell n ƒ 9 D, P 11 22 , 46 . 137 Valencia (Spain) and with ID number 07 . 007 . 889 - L, hereinafter referred to as "PROPERTY . " And on the other hand, Mr . José A . Mora Góngora, of legal age, of Spanish nationality and with ID number 79 . 203 . 459 - S, representing the commercial company NGE SPAIN SOLIA RENEWABLES SL, a Spanish entity with registered office in Seville, at Calle Virgen de Luján No . 50 , Block 2 , Ground Floor B , and with Tax Identification Number B - 90346198 , hereinafter identified as the " DEVELOPER AND/OR LESSEE . " INTERVIEŁtEN Acting on behalf of the PROPERTY in its own name and right and considering itself to have sufficient legal capacity to enter into this lease agreement . Acting the DEVELOPER in its own name and right and considering themselves to have sufficient legal capacity for this contract. THEY DECLARE Ø That the PROPERTY is the owner of the full ownership of the rural properties described below, hereinafter referred to as "PROPERTY" or "PROPERTIES," registered in the name of the Property in the Land Registry of Cáceres 1 under registration number 97072 with the following cadastral references : Ref. No. Polygon 17 17 Parcel Total Area 4 357,411 m^ 3 346,975 m 2 Municipality Caceres Cáceres Cadastral reference 10900A017000040000MH 10900A017000030000MU Copies of the public deeds , title deeds , or simple informative note from the property registry are attached , as well as the cadastral certification , which is incorporated into this document as "ANNEX 1 . " Ø That the DEVELOPER expresses its interest in the economic exploitation of the Properties through the construction and installation therein of the elements necessary to develop a business project consisting of the operation of a type IV data center and a photovoltaic power plant of a power to be determined (hereinafter the "PROJECT") .

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0 That the PROPERTY is interested in finalizing a lease agreement with the DEVELOPER for the PROPERTIES, consenting to and accepting the aforementioned agreement . STIPULATIONS FIRST: Legal regime This contract is entered into under the provisions of the Civil Code , and is governed by the will of the Parties expressed in the contract, and supplementarily by the provisions of the aforementioned Code, Royal Legislative Decree 7 / 2015 of October 30 , which approves the revised text of the Law on Land and Urban Rehabilitation , and the Civil Law of the Autonomous Community where the property is located . SECOND : Condition of the properties The lessor declares that the PROPERTIES are free of any encumbrances, as evidenced by the certificates or simple informative note from the Land Registry of the municipality where the project is located , attached to this contract as ANNEX 1 . THIRD : Purpose of the contract The Lessor leases to the Lessee , who accepts it under the terms and conditions set forth in this contract , the PROPERTY, with a total leased area of SEVENTY HECTARES , FORTY - THREE AREAS , AND EIGHTY - SIX CENTIMETERS (70 . 4386 has), free of encumbrances and liens, as well as occupants and tenants . Likewise, it receives it up to date in the payment of contributions, taxes, duties , and free of expenses of any kind generated by any concept inherent or accessory to it . The lessor expressly authorizes the lessee to make full use and control of the leased area , as well as to demolish any existing buildings within it . In view of the purpose of the contract, which is the construction and operation of a data center and a photovoltaic plant , the lease includes the rights to the land, airspace , and subsoil . FOURTH : Term, rent , and payment methods The rent to be paid by the LESSEE to the LESSOR as consideration for the rights granted under this contract, upon receipt of an invoice, shall be as follows :

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Phase I: Studies and Permits This phase includes conducting engineering studies and obtaining all necessary permits for the construction of the data center and solar plant . This phase will last 24 months from the signing of this contract, with an initial payment of € 100 /ha per year accruing from the date of obtaining the consolidated supply point and the favorable urban planning compatibility report . This payment will accrue on the date of obtaining the last of these two permits . In the event of an extension of the term due to a justified delay , additional payments of EUR 100 /ha per year of extension will be made . This amount — increased by VAT or any applicable substitute tax — shall be paid by bank transfer to the account indicated by the Owner within a maximum period of fifteen (15) days from the signing of this contract . Notwithstanding the foregoing, the following condition subsequent is established : The LESSEE must request the urban compatibility report (hereinafter " ICU") within two (2) months of signing this contract, which must be resolved within six months (automatically extendable up to a maximum of twelve months if it has not been resolved within that period) . Once the urban planning compatibility report has been obtained and , provided that it is favorable, the LESSEE must request the supply point within six (6) months from the date of obtaining said favorable report . This period may be extended unilaterally for the same duration, that is, for a period of six months . (6) additional months , at the request of the LESSEE , in the event that it is materially impossible to submit the application within the initial period ; to this end, a communication from the LESSEE to the LESSOR informing them of the start of the aforementioned extension shall suffice . In the event that the urban planning compatibility report and/or the supply point is unfavorable and/or these deadlines are not met by the LESSEE for the submission of both requests with their extensions, this contract shall be automatically terminated without the parties having any claims against each other . Phase II: Project Construction Ø During this phase, the builders will be selected and the works will be carried out until the data center and solar plant are operational . The annual rent agreed for Phase III will be paid proportionally to the time elapsed between the start and completion of the works, with payments

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semi - annual payments in advance . This phase will last twelve (12) months , with the possibility of extending it for an additional six (6) months in the event of a justified delay . Phase łłł: Project Operation Ø During this phase, which will last thirty - five (35) years from the completion of Phase II, the LESSEE will pay an annual rent of € 2 , 200 /ha . Payment will be made every six months in advance, within the first fifteen days of each six - month period . F IFTH : Rent review The rent will be reviewed annually, from the signing of this contract, according to the variation of the CPI published by the INE or the index that replaces it . If the CPI is negative, the corresponding review will not be carried out . SIXTH: Rights and obligations of the parties The PROPERTY shall cooperate in good faith in the procedures necessary for the project, authorizing the DEVELOPER to occupy the necessary parts of the PROPERTIES and carry out the necessary infrastructure works . SEVENTH: Permits, licenses, and authorizations Obtaining all necessary permits for the project shall be the sole responsibility of the DEVELOPER, who shall bear all related expenses . EIGHTH: Guarantees, sureties , and insurance The DEVELOPER shall be liable for all risks and shall comply with the Royal Regulations relating to the Environment . It shall hold the PROPERTY harmless from any liability arising from the project . NINTH: Use of the property by the owner The PROPERTY may continue with agricultural and livestock activities until the start of construction . If the DEVELOPER requires prior eviction , the PROPERTY shall be compensated as established . TENTH: Breach and termination of the contract Breach of the provisions shall entitle the complying party to demand compliance or termination of the contract, with the right to claim damages .

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The DEVELOPER may terminate this lease agreement early and unilaterally, without incurring any penalty or paying any compensation to the PROPERTY during PHASE I . To do so, it must notify the PROPERTY in writing and in a reliable manner, with the termination taking effect from the date of notification . Without prejudice to the power granted in this Provision, the DEVELOPER may, in any case and at any time with a minimum of 30 days' notice , terminate this contract without any penalty or compensation to the PROPERTY, in the event of any circumstance, of any nature, foreseeable or unforeseeable, expected or unexpected, which, directly or indirectly, alters the economic balance of this contract or the project, or that in any other way illustrates or makes it more difficult or burdensome to achieve the purpose pursued by both parties with the conclusion of this contract as stated in the Preamble to this document . Likewise, it may terminate it without penalty in the event of the denial of any permit that makes the project unfeasible . ELEVENTH: Assignment of the contract The DEVELOPER may assign the rights and obligations of the contract to third parties, notifying the PROPERTY of the assignment of its contractual position within the following fifteen days, without the delay in sending the notification constituting a breach of contract . TWELFTH: Transfer of the property The PROPERTY may sell the property, but the buyer must assume the terms of the contract, notifying the DEVELOPER . THIRTEENTH: Acknowledgment THE LESSEE (or any other natural or legal person to whom they may assign the rights and obligations arising from this contract) agree and acknowledge , by signing this contract, the participation as INTERMEDIARY of D^ CELIA CAÑERO HINOJOSA, with ID number 47 . 207 . 370 - P, (or any natural or legal person they may designate) . THE LESSEE undertakes to pay the corresponding professional fees , in accordance with the agreement previously established with the intermediary, accepting the economic, legal , and technical conditions detailed therein . FOURTH. - Sole agreement This contract supersedes any previous agreement relating to its subject matter . Any amendments must be made in writing and signed by both parties . FIFTEENTH: Partial invalidity The invalidity of any provision shall not affect the validity of the remainder of the contract.

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SIXTEENTH : Notifications Notifications must be sent by certified mail or registered fax to the addresses indicated . They may be sent in advance by email, but will not take effect until the certified mail or registered fax is received . SEVENTEENTH : Notarization and registration The contract may be notarized and registered in the Property Registry at the request of either party . EIGHTEENTH: Expenses and taxes The taxes and expenses arising from the contract shall be borne by the DEVELOPER. NINETEENTH: Miscellaneous The Property declares that the plots located in the same area as the property covered by this contract, with the following cadastral references : - - - 10050A01200028OOO0OA - 10050A01300O780000OL - 10050A013000010000OZ These are subject to lease agreements entered into prior to this agreement, therefore the establishment of any easement or action affecting these plots will require agreement between the Lessee and the entity that holds the title to the agreement . TWENTY: Jurisdiction For the resolution of disputes, the parties submit to the jurisdiction of the Courts and Tribunals of the city of Cáceres . In witness whereof, the parties sign the contract in duplicate and for a single purpose in the place and on the date indicated . THE PROPERTY

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D. D. ANTONIO VIARIA ANDRADA BERMEJO THE DEVELOPER Legal Representative of E SPAIN SOLIA RENEWABLES SL Mr. JOSE A MORA

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ANNEX I TO THE LEASE AGREEMENT : CADASTRE REFERENCES

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GENERAL ADDRESS Location: POtjonol7 Plot 3 VICARIO DE FLORES. CACERES [CACERESj Type: RURAL Main use : Agricultural Built area : Year of construction: Superffiúe m' Productive intensity CULTIVATION Subgarceta c alttva/aprowechamterrto 241,071 07 a C - Labor or Farming remove it 103,752 07 b 5 - Labor or Labradio dry farming 1,172 c PZ Wells, BeNs, Ponds, Sond - ew DESCRIPTIVE AND GRAPHIC CONSULTATION DF CADASTRAL DATA OF REAL ESTATE PROPERTY Cadastral reference : 10900A017000O30000MU PARCEL Graphic area : 346,975 m2 Property share : IDO.00 ƒ /• Type: Registration: CACERES 1 Unique registration code : 1001400DB95112 This document is not a cadastral certification , but its details can be verified through the "Access to protected cadastral data of the SEC." Coordination date : 11/29/2017 Thursday , December 2 , 2024

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GOVERNMENT SECRETARIAT OF STATE GENERAL DIRECTORATE OF CADASTRE TA AND OF CADASTRAL DATA FOR REAL ESTATE PROPERTY Cadastral reference : 10900A017000040000MH Location: Polygon 17, Plot 4 VALDEFLORES. CACERES [CÁCERES] Classification : RÚS 1 \ CO Main use : Agricultural Built area : Year of construction : CULTIVATION Area m Production intensity Subplot Cultivation/use MS.371 07 C - Work in Labredio sa no 6oo oo PZ Wells, Basins, Ponds, Soundings I.440 00 I - Iruqrodudivo Graphic area : 357,411 m2 Property share: 100.00 9" Type: k i6leri alferaaonas calasb Yes pos1enores to the law of çDorąinaci0n affecting the geometry of the parcels This document is not a cadastral certificate , but its data may be verified through "Access to unprotected cadastral data from the SEC" Thursday , 12 of December of 2024 Registration: GACERES 1 Unique registration code : 10014000895112 Coordination date : 11/29/2017 cooRoiNAnöN c8Åricx coH eLRrcisTRo xc la PnoPiEDao

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ANNEX II TO THE LEASE AGREEMENT : SIMPLE NOTE

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registrars REGISTRY INFORMATION Registration information issued by: MARIA ROSA FUENTES CRUZ Property Registrar of REGISTRY OE LA PROPIEDAD CÁCERES 1 Avda. España, 1 10004 - CÁCERES (CACERES) Telephone: 927226049 Fax : 927212305 Email: caceres1@registrodeIapropiedad.prg corresponding to the request made by: ANTONIO MARIA ANDRADA BERMEJO with ID/Tax ID: 7007889L LEGITIMATE INTEREST CLAIMED: The applicant holds certain rights over the property. (Citer esre idertf//icaÓor parø any cuøsli rø/acionada ccrn asia noła słmpla} Your reference. A' REGISTRAR?S ORú Page of 4 1

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Register @(ysó aapaaa o• 1 WMO 929112305 Pa eb w da Emlai6m: FEBRUARY 14 , 202 5 DATE OF BIRTH % INCA Unique Identification Number of Fincc Ragiatral: 10014000927950 Wcturalona RÚSTICA: rusCica Location: 10004 CÁCSRES PARAJE VICARIO PALOMAR Reference number: l0900x0l7O0004000DMB Industrial estate: l7 Plot: 4 Surface area: Land: Ha: 71 a: 15 ca: 47 RURAL PROPERTY : FARM LAND and part of PASTURES, formerly part of Dehesa Matachel y Vicario, in the VloARIO PALONAR area , in the municipality of Cáceres . It has an area of SEVENTY - ONE HECTARES AND FORTY - SEVEN CENTIÁREAS . Sst8 comprising plots numbers 3 and 4 of Polygon 17 . Bordered : to the north by plot number 9000 , Regional Road CC - 100 , in Polygon 16 , and plot 9009 in Polygon 17 , Camino de San Francisco, in the municipality of Cáceres ; to the south by the property separated and transferred to Mr . Antonio María Andrada Bermejo ; West, with plot 2 of Polygon 17 of the municipality of Cáceres, and East, with plots 18 and 9002 - rural road - , of Polygon 17 , of the municipality of Cáceres . NAME TITLE W.I.F. BOOK 3"OLZO 07.007.889 - L 3894 1839 155 1 100.000000% (TOTAL) 100.000000% flat rate per title of aggregation and extension dm " - •"\*\* - \*. The deed dated January 29 , 1993 , has been rectified and clarified by another authorized by the Notary of Arroyo de la Luz, Mr. Andrés María Sánchez Galainena, on October 3 , 2019, number 1544 of his protocol. Formalized in a deed dated 01/29/93, authorized in CACERES, JAVIER, MANRIQUE PLAZA, protocol number 163. Registration: 1st Volume: 2.B94 Book: l.B39 Folio: 155 Date: 03/06/20Z0 Page 2 of 4

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Registered NO charges registered Documents relating to the property submitted and pending dispatch, entry valid at the close of the Daily Log on the day prior to the date of issue of this note : There are NO documents pending dispatch Responsible for processing : Registrar/Entity listed in the header of the document . For more information, please refer to the rest of the data protection information . Purpose of processing : Provision of the requested registration service , including associated notifications and , where applicable , billing, as well as compliance with legislation on money laundering and terrorist financing , which may include profiling . Legal basis for processing : Data processing is necessary : for the fulfillment of a mission carried out in the public interest or in the exercise of public powers conferred on the registrar, in compliance with the corresponding legal obligations , as well as for the execution of the requested service . Daracbos: Mortgage and commercial legislation establish a special regime regarding the exercise of certain rights, which must be complied with. For matters not covered by the registry regulations , the provisions of data protection legislation shall apply , as indicated in the additional information . In any case, the exercise of the rights recognized by data protection legislation by the owners of such rights shall comply with the requirements of the registry procedure . Cntsgorlnx dim dstoa: Identifiers, contact details , other data available in the additional data protection information . Processing: Data processing by other recipients is anticipated. No international transfers are anticipated . Sources of data : The data may come from : the data subject themselves , their representative, legal representative , agency/consultancy. Other data protection information : Available at https://www.registradores.org/politica - de - privacidad - servicios - registrales depending on the type of registration service requested. CozzDlClO6zss DB o9O Ds IXB'OaB»CIÓX The information made available to you is for your exclusive use and is non - transferable and confidential , and may only be used for the purpose for which the information was requested . The transmission or transfer of the information by the user to any other person, even free of charge, is prohibited . In accordance with the Instruction of the Directorate General of Registries and Notaries of February 17 , 199 B , the incorporation of the data contained in the registry information into files or C.9.V.: 2100laJ8FS03FDD1

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Registered computer databases for individualized consultation by individuals or legal entities, legal entities, including the source of origin. BnEb docUBBRtO ÁflGOrQolb un \*ella e]eCtrOnt€O pmSM S&swfltínas Nu OríQEfl c Lfltsgrídmd crdmdo por el MGI8/Mm feOFImDAA rs CsCBsm8 1 a ‹un n•torca ‹w #\*6zmro dal aoe mii vamticine. snrv cIQ a • crlficac : t a : c $ a . r • g otro \*ec . org csv (\*) This document contains the opinion of a legal expert . D 1 C 6 dlge 8 wguso dm Vortflomción p\*smAta contrn $ kEr l • outanticldmd ds la coplc meedlamtm cl mcc\*mo a Rom arcbivoz wlmctr 6 nícoa Xml brgaeo u orgnnímmo público \*minor . Lnc copina zcmlitnds $ in #iopeztm pmpml Oa docuoaQto $ púbtícom weitidoc by means of e 1 ect\* 6 nioos and lizmadoz e 1 ocswanl • - - nto tandrEm ic counid • rnc 1 ón da copinc aut\*otic\* • aiso›pse quo ínoluy&n in isp\*cmí 6 n d\* a c&digo goosrado mleotraoicaments u otroe • Iatseaa d $ warif 5 cacl 6 n quc p • ssitnn conbrnnta\* mu mutwnticidmd swdiamtc el accsco a los nrolrLvoc alectrónicoo dml argamo u Orgeoísmo público • sAcos . tErt . J 7 . 3 of Law 39 / 2015 , of October 1 , on Administrative Procedure and Information . C.S.V.: 21001éS8¥S03sD0t

## Exhibit 31.1

**Exhibit 31.1**

**CERTIFICATION PURSUANT TO**

**SECTION 302 OF THE SARBANES OXLEY ACT OF 2002**

I, Charlie Faulkner, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Edgemode, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or cause such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have significant role in the registrant's internal control over financial reporting.

November 14, 2025 <u>/*s/ Charlie Faulkner*</u> <br> Charlie Faulkner, Principal Executive Officer

## Exhibit 31.2

**Exhibit 31.2**

**CERTIFICATION PURSUANT TO**

**SECTION 302 OF THE SARBANES OXLEY ACT OF 2002**

I, Simon Wajcenberg, certify that:

1. I have reviewed this quarterly report on Form 10-Q of Edgemode, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15 and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) designed such internal control over financial reporting, or cause such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of the internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) any fraud, whether or not material, that involves management or other employees who have significant role in the registrant's internal control over financial reporting.

November 14, 2025 <u>/*s/ Simon Wajcenberg*</u> <br> Simon Wajcenberg, Principal Financial and Accounting Officer

## Exhibit 32.1

**Exhibit 32.1**

**CERTIFICATION PURSUANT TO**

**18 USC, SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the report of Edgemode, Inc. the ("Company") on Form 10-Q for the period ending September 30, 2025 as filed with the Securities and Exchange Commission (the "Report"), Charlie Faulkner, the Company's Principal Executive Officer, certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2013, that to the best of their knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the Company.

November 14, 2025 <u>/*s/ Charlie Faulkner*</u> <br> Charlie Faulkner, Principal Executive Officer <br>

## Exhibit 32.2

**Exhibit 32.2**

**CERTIFICATION PURSUANT TO**

**18 USC, SECTION 1350, AS ADOPTED PURSUANT TO**

**SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002**

In connection with the report of Edgemode, Inc. the ("Company") on Form 10-Q for the period ending September 30, 2025 as filed with the Securities and Exchange Commission (the "Report"), Simon Wajcenberg, the Company's Principal Financial and Accounting Officer, certifies pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2013, that to the best of their knowledge:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of the Company.

November 14, 2025 <u>/*s/ Simon Wajcenberg*</u> <br> Simon Wajcenberg, Principal Financial and Accounting Officer