Document:

Exhibit
10.1

 

17
CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with
the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

 

	Data
    Mining Facility Leasing Agreement 
	Party
    A: MGT Capital Investments, Inc.
	Attention:
    Stephen Schaeffer and Robert B. Ladd
	Address:.
    512 S. Mangum Street, Suite 408, Durham, NC 27701
	Contact.:
    sschaeffer@mgtci.com
	Party
    B: 3G Venture LLC
	Attention:
    John Chen
	Address:
    XXXX, Colorado Springs, Colorado, CO XXXX
	Contact:
    XXXX
	Article
    1: Subject of this Agreement 
	1.1
    Party A entrusts Party B to provide facility to host Party A’s six thousand (6,000) bitcoin computing servers (hereinafter
    referred to as the “Server” or “Servers”). 
	Article
    2: Rights and Obligations of the Parties
	2.1
    Party A’s Rights and Obligations
	2.1.1
    Party A shall purchase and assemble the Servers, provide the running software, and deliver the Servers to the address designated
    by Party B, at Party A’s own cost.
	2.1.2
    The Servers hosted by Party B shall be owned by Party A and not infringe the right of any third party. With the exception
    of damages caused by Party B, Party A is responsible to pay for the purchase of any replacement parts and components for the
    Servers. The on-going repairing services of any malfunctioning Servers shall be performed by Party A.
	2.1.3
    Party A will pay a minimum monthly Hosting Service Fee (as hereinafter defined) of $50,000 for occupying the property describer
    in Section 3.2. Party A has sole control and responsibility for testing and operation of its Servers. Except for non-performance
    by Party B of initial installation, the untimely installation or non-operation of Party A’s Servers relieve Party A
    of its obligation to pay the minimum monthly Hosting Service Fee. 
	2.1.4
    Party A will maintain appropriate insurance that is of an amount at least equal to the replacement value of the Servers; and
    any business loss and interruption insurance in an amount sufficient to compensate Party A for loss of hosting services. 
	2.1.5
    Party A shall submit its contact person and on-site manager hereunder to Party B. 
	Party
    A’s contact person: Stephen Schaeffer, sschaeffer@mgtci.com, XXXX
	Party
    A’s on-site manager: To be provided prior to occupancy.
	2.2
    Party B’s Rights and Obligations
	2.2.1
    In order to ensure the normal operation of Party A’s Servers. Party B shall provide Party A with machine rooms, professional
    technology and management personnel, power facilities support, network connectivity and support, security monitoring, server
    for mining pool and other services. Party B shall provide sufficient cooling and ventilation within the room specified in
    Section 3.2 in order to allow the Servers to operate within 80% of rated output. Party B shall submit its contact person and
    technical head hereunder to Party A.

 

    	1

    	 

    

 

Exhibit
                                         10.1

 

17
CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with
the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

 

	2.2.2
    Party B may, in its sole discretion, assist Party A in performing light duties or correcting minor problems with respect to
    the equipment, at no additional charge. Party B may, in its sole discretion, assist Party A in performing other duties, pursuant
    to a separately executed professional services agreement. 
	2.2.3
    Party B shall provide Party A 277 V power supplies for the Servers at a cost of $15 for each unit, payable at the time of
    initial installation (the “277V Charge”). 
	2.2.4
    Party B shall provide Party A and its designees with 24/7 access to the property described in Section 3.2
	Party
    B’s contact person: John Chen, XXXX, XXXX
	Party
    B’s technical head: To be provided prior to occupancy.
	Article
    3: Models, Quantity and Deployment of the Servers
	3.1
    The specific models and quantity of Party A’s Servers shall be provided in the Article 4.3 of this Agreement. 
	3.2
    The room where the Servers are hosted will be located at: The standalone “10 MW room” at XXXX, Colorado Springs,
    Colorado, XXXX USA. Party A shall have exclusive occupancy of this room during the Term of this Agreement. Party A, at its
    option, may erect or place identifying signage within a reasonable vicinity of the room. 
	3.3
    Where Party A intends to sell or transfer the Servers hosted during the Term of this Agreement, it shall notify Party B thirty
    (30) days in advance and pay off the hosting service fee incurred in the hosting period. Party B shall cooperate with Party
    A’s sale or transfer, and Party B shall assist with the installing and removing of the Servers provided that Party A
    shall pay $12.50 USD for each Server as the assistance fee. Where Party A intends to sell the Servers, Party B shall have
    the right of first refusal at the same price. Upon the sell or transfer of all the Servers, this Agreement shall be automatically
    terminated.
	Article
    4: Service Fees and Payment Terms
	4.1
    Any and all the amounts hereunder shall be in US dollars.
	4.2
    The hosting service fee shall be calculated in the following formula based on the power consumption of Party A’s Servers
    and the supporting facilities: Daily hosting service fee = each Server’s power consumption*quantity of Servers hosted*24(hours)*unit
    hosting fee, where the unit hosting fee is [***]/kWh. (the “Hosting Service Fee”). In addition, Party A shall
    pay a one-time charge of $12.50 USD per Server for machine setup, and shall pay such charge to Party B at the time of initial
    installation (the Setup Charge”).
	4.3
                                         The specific model / quantity / monthly hosting service fee of the Servers hosted by
                                         Party B is as shown below:

                                                                                                                                                                 

	 	Model/Quantity	Hosting
    Price	Item
    Description	 
	 	6,000
                                         Antminers

         
	US$[***]/kWh	Units
    of Antminers S9 (i / j) with the estimated total power consumption of 1500W for each unit.	 
	 	TOTAL
    DUE: US $[***] or Based on Actual Electric Meter Consumption Data, such Data to be provided to Party A as soon as practical
    after each billing cycle from the utility provider.	 
	 	Notes:
                                         Monthly Hosting Service Fee is calculated based on the assumption that each month is
                                         30 days.

        Hosting
        Service Fee is subject to a minimum amount specified in Section 2.1.3
	 

 

    	2

    	 

    

 

Exhibit
                                         10.1

 

17
CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with
the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

 

	4.4
    In the event of the fall of Bitcoin price or the increase of Bitcoin network difficulty, which leads to the Hosting Service
    Fee for 24 hours is more than or equal to 90% of the Server’s PPS earnings (the calculation formula of PPS earnings
    is specified in https://www.antpool.com/support.htm) in such 24 hours, the two Parties shall re-negotiate the unit Hosting
    Service Fee. If both Parties fail to reach an agreement, Party A may at any time request to suspend this Agreement. Party
    B shall not charge Party A for any expenses other than the hosting service fees, removal expenses and transportation expenses
    that have occurred. In the event that the power price increases due to the reasons uncontrolled by Party B (including but
    not limited to the government or Colorado Springs Utilities actions), both parties shall re-negotiate the unit Hosting Service
    Fee and adjust it accordingly. If both Parties fail to reach an agreement through negotiation, either Party shall have the
    right to terminate this Agreement.
	4.5
                                         Party A shall make an initial payment of $[***] within 48 hours of execution of this
                                         Agreement, representing a security deposit to be refunded at termination, or otherwise
                                         credited to any outstanding obligations of Party A to Party B. Additionally, upon delivery
                                         of the Servers, and prior to initial installation, Party A shall make a second payment
                                         equal to the sum of the 277V Charge and the Setup Charge. Lastly, upon completion of
                                         initial installation, and immediately following Server startup, Party A shall make a
                                         payment of [***], representing the estimated Hosting Service Fee for the first month.
                                         Thereafter, the Hosting Service Fee shall be pre-paid by Party A on each one month anniversary
                                         of the payment of the first monthly payment. Any overages or shortages based on Actual
                                         Meter Consumption Data shall be trued up on at least a bi-monthly basis. All payments
                                         shall be paid in US Dollars by wire transfer to the bank account identified below by
                                         Party B:

        XXXX

        XXXX

        XXXX

        XXXX

        XXXX

	4.6
    Each Party shall bear its own taxes and fees hereunder, including, without limitation, income taxes, business taxes, etc.
    
	Article
    5: Term and Termination 
	5.1
    This Agreement shall become effective upon affixation of each Party’s signature. 
	5.2
    The Term of this Agreement shall be from November 1, 2018 to November 1, 2020.
	5.3
    If one of the following events occurs to either Party, the other Party shall be entitled to terminate this Agreement by sending
    a written notice to such Party, and this Agreement shall be terminated upon the service of such notice: 
	(1)
    either Party is in bankruptcy, restructuring, deregistration, revocation of its business license, merge, dissolution etc.;
    or 
	(2)
    either Party materially breaches this Agreement which results in its failure to perform the material obligations hereunder.
    
	5.4
    Upon the termination of this Agreement, Party B shall assist with Party A with the remove and transportation of the Servers
    at Party A’s cost, while Party A shall settle all incurred hosting service fees. 
	Article
    6: Liabilities for Breach 
	6.1
    Party A shall pay the Hosting Service Fee on time during the Term of this Agreement. In case of Party A’s payment in
    arrears for more than five (5) days, upon one day’s written notice, Party B shall be entitled to turn off Party A’s
    Servers. In case of Party A’s payment in arrears for more than ten (10) days, upon one day’s written notice, Party
    B shall be entitled to remove Party B’s Servers off the shelves, and Party A shall pay a daily overdue fee at 0.1% of
    the amount unpaid additionally thereafter. In such a case, Party A shall be liable for the related costs and losses incurred
    therefrom. 

 

    	3

    	 

    

 

Exhibit
                                         10.1

 

17
CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with
the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

 

	6.2
    Upon the termination of this Agreement, Party A shall remove the Servers from Party B’s machine room within thirty (30)
    days. Otherwise, Party A shall be deemed to abandon the ownership of its Servers, and the Servers shall be owned by Party
    B thereafter. 
	6.3
    Party B shall use its reasonable effort to take care of the safety of Party A’s Servers during the hosting period. If
    any Server(s) is/are missing due to Party B’s willful misconduct or gross negligence, Party B shall compensate Party
    A for the missing Server(s) based on its(their) market value. 
	Article
    7: Settlement of Disputes 
	This
    Agreement shall be interpreted and enforced according to the laws of United States. Any dispute, controversy, difference or
    claim arising out of or relating to this Agreement, including the existence, validity, interpretation, performance, breach
    or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it shall be referred
    to and resolved by arbitration under the rules and procedures established in the State of Colorado. 
	Article
    8: Limitations of Liability
	8.1
    Personal Injury: Each Party A’s representative and any other person visiting the Premises does so at his or her own
    risk and Party B will not be liable for any harm to such persons.
	8.2
    Liability: In no event will Party B be liable to Party A, any third party or otherwise, for any incidental, special punitive,
    indirect or consequential damages, including lost revenue, lost profits, damage to customer equipment, loss of technology,
    loss of data, non-deliveries, or any way related to the services, even if advised of the possibility of such damages, whether
    under any theory of contract, tort (including negligence), strict liability or otherwise. In no event will Party B’s
    aggregate liability arising from or related to this Agreement under any theory of liability exceed the amount paid by Party
    A for the services which are the subject of the dispute in the six (6) months immediately preceding the date on which the
    subject claim arose. These limitations will apply despite the failure of the essential purpose of any remedy. 
	Article
    9: Force Majeure 
	8.1
    In case of either Party’s failure to perform, or delay in the performance of, this Agreement in whole or in part, as
    agreed due to a Force Majeure Event, the Party affected by the Force Majeure Event shall inform the other Party in writing
    within five (5) days from the date of the occurrence of such Force Majeure Event, and shall provide the other Party with the
    proof of its failure or delay, in whole or in part, within twenty (20) days from the date of the occurrence of such Force
    Majeure Event. 
	8.2
    Upon the occurrence of a Force Majeure Event, the Party suffering from the Force Majeure Event may suspend the performance
    of its obligations hereunder within the period of delay caused by such Force Majeure Event, in which case the suspension shall
    not be deemed to be a breach. The Party suffering from the Force Majeure Event shall take all necessary measures to minimize
    the losses incurred to the other Party and shall resume the performance of this Agreement promptly after termination of the
    Force Majeure Event, unless the performance of this Agreement is impossible or unnecessary. 
	8.3
    For the purpose of this article, a “Force Majeure Event” refers to any unforeseeable, unavoidable or insurmountable
    event, including natural disasters, including, but not limited to, flood, volcanic eruption, earthquake, landslide, fire,
    heavy storm or extreme cold or hot weather conditions, or any other natural disaster; abnormal social events, including, but
    not limited to, war, strike, riot, etc.; government acts, including, but not limited to, government intervention, restriction,
    ban, flood discharge, unexpected interruptions of power supply or network caused by the telecommunications or electric utility
    companies. 

 

    	4

    	 

    

 

Exhibit
                                         10.1

 

17
CFR 240.24b-2, confidential information has been omitted in places marked “[***]” and has been filed separately with
the Securities and Exchange Commission pursuant to a Confidential Treatment Application filed with the Commission.

 

	Article
    10: Confidentiality 
	9.1
                                         With the exception of disclosure required pursuant to Securities and Exchange Commission
                                         regulations, each Party shall keep confidential any of the information and documents
                                         provided by the other Party and the terms and conditions of this Agreement. It is presently
                                         contemplated that execution of this Agreement will be deemed a Material Agreement by
                                         the SEC and Party A will file a Form 8-K within four days of execution. Further, at any
                                         time following execution, either Party may announce by press release or otherwise the
                                         substance of this Agreement, subject to the approval of the other Party, such approval
                                         which shall not be unreasonably withheld.

        In
        case of either Party’s breach of its confidential obligation, the Breaching Party shall be held liable for any and
        all the direct and indirect losses incurred to the other Party therefrom.

	Article
    11: Interpretation
	10.1
    The termination of this Agreement or invalidation of any term hereof, shall not affect the validity of any provision hereunder
    regarding the interpretation on this Agreement, liabilities for breach, governing law, compensation or dispute settlement
    hereunder. 
	10.2
    If any term of this Agreement is or becomes invalid, illegal or unenforceable under any applicable law, all other terms hereof
    shall remain in force. In such a case, the Parties shall replace such invalid, illegal or unenforceable term by a new term
    which is valid, legal and enforceable under the applicable law and comes closest to the original intention and purpose hereof.
    
	10.3
    The understanding and interpretation of this Agreement shall be based on the purpose and the original text hereof and the
    prevailing understanding and practice of the industry, and all the terms hereof and the relevant attachment(s) hereto shall
    be understood and interpreted as a whole. 
	Article
    12: Supplementary 
	11.1
    This Agreement shall enter into effect as of the date of signature by the Parties’ authorized representatives. 
	11.2
    Any scanned copy, photocopy, faxed copy, etc., of the original, shall have the same legal effect as the original upon execution.
    
	11.3
    This Agreement is made and executed in duplicate, each of which has the same legal effect. 
	(The
    following part is left blank intentionally for signature)

 

	Party
    A: MGT CAPITAL INVESTMENTS, INC.	Party
    B: 3G VENTURE LLC
	By:
    /s/ Stephen Schaeffer	By:
                                         /s/ John Chen

	Name:
    Stephen Schaeffer	Name:
    John Chen
	Title:
    Chief Operating Officer	Title:
    Manager
	Date:
    October 23, 2018	Date:
    October 22, 2018

 

    	5Exhibit 10b

POWER OF ATTORNEY

We, the undersigned directors and/or officers of The Lincoln National Life Insurance Company, hereby constitute and appoint Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A. Kroll, Michelle Grindle,  Jeffrey L. Smith and John D. Weber,  individually, our true and lawful attorneys-in-fact, with full power to each of them to sign for us, in our names and in the capacities indicated below, any Registration Statements and any and all amendments to Registration Statements; including exhibits, or other documents filed on Forms N-6, N-4 or S-3 or any successors or amendments to these Forms, filed with the Securities and Exchange Commission, under the Securities Act of 1933 and/or Securities Act of 1940, on behalf of the Company in its own name or in the name of one of its Separate Accounts, hereby ratifying and confirming our signatures as they may be signed by any of our attorneys-in-fact to any such amendments to said Registration Statements as follows:

Variable Life Insurance Separate Accounts:

	
Account

	
Product name

	
Lincoln Life Flexible Premium Variable Life Account D (811-04592)

	
Variable Universal Life Leadership Series

	
Lincoln Life Flexible Premium Variable Life Account F (811-05164)

	
American Legacy Life

American Legacy Estate Builder

	
Lincoln Life Flexible Premium Variable Life Account G (811-05585)

	
VUL-III

	
Lincoln Life Flexible Premium Variable Life Account J (811-08410)

	
American Legacy Variable Life

	
Lincoln Life Flexible Premium Variable Life Account K (811-08412)

	
Multi Fund Variable Life

	
Lincoln Life Flexible Premium Variable Life Account M (811-08557)

	
VULdb / VULdb ES

VULdb-II ES

VUL-I / VULcv

VULcv-II / VULcvII ES / VUL Flex

VULcv-III ES

MoneyGuard VUL

VULone ES / VULone 2005 ES

Momentum VULone / Momentum VULone 2005

VULcv-IV ES

VULdb-IV ES

Momentum VULone 2007

VULone 2007

AssetEdge VUL

AssetEdge VUL/AssetEdge Exec VUL 2015

VULone2012

VULone2014

InReach VULone2014

	
Lincoln Life Flexible Premium Variable Life Account R (811-08579)

	
SVUL / SVUL-I

SVUL-II / SVUL-II ES

SVUL-III ES

SVUL-IV ES / PreservationEdge SVUL

SVULone ES

Momentum SVULone

SVULone 2007 ES

Momentum SVULone 2007

SVULone2013

	
Lincoln Life Flexible Premium Variable Life Account S (811-09241)

	
CVUL / CVUL Series III / CVUL Series III ES

LCV4 ES

LCV5 ES / LCC VUL

	
Lincoln Life Flexible Premium Variable Life Account Y (811-21028)

	
American Legacy VULcv-III

American Legacy VULdb-II

American Legacy SVUL-II

American Legacy SVUL-III

American Legacy VULcv-IV

American Legacy VULdb-IV

American Legacy SVUL-IV/PreservationEdge SVUL

American Legacy AssetEdge

Variable Annuity Separate Accounts:

	
Account

	
Product name

	
Lincoln National Variable Annuity Account C (811-03214)

	
Multi-Fund

Multi-Fund Select

Multi-Fund 5 Retirement Annuity

	
Lincoln National Variable Annuity Account E (811-04882)

	
The American Legacy

	
Lincoln National Variable Annuity Account H (811-05721)

	
American Legacy II

American Legacy III

American Legacy III B Class

American Legacy III C Share

American Legacy III Plus

American Legacy III View

American Legacy Design

American Legacy Signature

American Legacy Fusion

American Legacy Series

American Legacy Advisory

Shareholder's Advantage

Shareholder's Advantage A Class

Shareholder's Advantage purchasded on and after May 21, 2018

	
Lincoln National Variable Annuity Account L (811-07645)

	
Group Variable Annuity

Secured Retirement Income Version 1

Secured Retirement Income Version 2

Secured Retirement Income Version 3

Secured Retirement Income Version 4

Retirement Income Rollover Version 1

Retirement Income Rollover Version 2

Retirement Income Rollover Version 3

Retirement Income Rollover Version 4

	
Lincoln Life Variable Annuity Account N (81108517)

	
ChoicePlus Assurance (A Share)

ChoicePlus Assurance (A Class)

ChoicePlus Assurance (B Share)

ChoicePlus Assurance (B Class)

ChoicePlus Assurance (C Share)

ChoicePlus Assurance (L Share)

ChoicePlus Assurance (Bonus)

Choice Plus

Choice Plus II

ChoicePlus Access

ChoicePlus II Access

ChoicePlus Bonus

ChoicePlus II Bonus

	
Lincoln Life Variable Annuity Account N (81108517) Continued

	
ChoicePlus II Advance

ChoicePlus Design

ChoicePlus Signature

ChoicePlus Rollover

ChoicePlus Fusion

ChoicePlus Series

ChoicePlus Prime

ChoicePlus Advisory

InvestmentSolutions

InvestmentSolutions RIA

Lincoln Investor Advantage

Lincoln Investor Advantage Fee-Based

Lincoln Investor Advantage RIA

Lincoln Investor Advantage Advisory

Lincoln Investor Advantage RIA Class

Lincoln Level Advantage B Share Indexed Variable Annuity

Lincoln Level Advantage Advisory Indexed Variable Annuity

Lincoln Level Advantage B Class Indexed Variable Annuity

Lincoln Level Advantage Advisory Indexed Variable Annuity

Core Income

	
Lincoln Life Variable Annuity Account Q (811-08569)

	
Multi-Fund Group

	
Lincoln Life S-3 Filing

	
Lincoln Level Advantage B Share Indexed Variable Annuity

Lincoln Level Advantage Advisory Indexed Variable Annuity

Lincoln Level Advantage B Class Indexed Variable Annuity

Lincoln Level Advantage Advisory Class Indexed Variable Annuity

Except as otherwise specifically provided herein, the power-of-attorney granted herein shall not in any manner revoke in whole or in part any power-of-attorney that each person whose signature appears below has previously executed.  This power-of-attorney shall not be revoked by any subsequent power-of-attorney each person whose signature appears below may execute, unless such subsequent power specifically refers to this power-of-attorney or specifically states that the instrument is intended to revoke all prior general powers-of-attorney or all prior powers-of-attorney.

This Power-of-Attorney may be executed in separate counterparts each of which when executed and delivered shall be an original; but all such counterparts shall together constitute one and the same instrument.  Each counterpart may consist of a number of copies, each signed by less than all, but together signed by all, of the undersigned.

Signature                                                                                    Title

/s/ Dennis R. Glass

	______________________________	
President, Chairman and Director

Dennis R. Glass

/s/ Ellen Cooper

	______________________________	
Executive Vice President, Chief Investment Officer

Ellen Cooper                                                                                                            and Director

/s/ Randal J. Freitag

	______________________________	
Executive Vice President; Chief Financial Officer and Director

Randal J. Freitag

/s/ Kirkland L. Hicks

	______________________________	
Executive Vice President, General Counsel and Director

Kirkland L. Hicks

/s/ Wilford H. Fuller

	______________________________	
Executive Vice President and Director

Wilford H. Fuller

/s/ Keith J. Ryan

______________________________                         Vice President and Director

Keith J. Ryan

We, Delson R. Campbell, Scott C. Durocher, Kimberly A. Genovese, Daniel P. Herr, Donald E. Keller, Brian A. Kroll, Michelle Grindle, Jeffrey L. Smith and John D. Weber, have read the foregoing Power of Attorney.  We are the person(s) identified therein as agent(s) for the principal named therein.  We acknowledge our legal responsibilities.

/s/ Delson R. Campbell                                                                                              /s/ Scott C. Durocher

____________________________________                  _____________________________________

Delson R. Campbell                                                                                                      Scott C. Durocher

/s/ Kimberly A. Genovese                                                                                        /s/ Daniel P. Herr

____________________________________                   _____________________________________

Kimberly A. Genovese                                                                                              Daniel P. Herr

/s/ Donald E. Keller                                                                                                       /s/ Brian A. Kroll

____________________________________                 _____________________________________

Donald E. Keller                                                                                                                Brian A. Kroll

/s/ Michelle Grindle                                                                                                        /s/ Jeffrey L. Smith

_____________________________________             _____________________________________

Michelle Grindle                                                                                                                Jeffrey L.  Smith

/s/ John D. Weber

__________________________________

John D. Weber

Version dated: July 2018

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