Document:

Exhibit
10.3

 

INVESTMENT
MANAGEMENT TRUST AGREEMENT

 

This
Investment Management Trust Agreement (this “Agreement”) is made effective as of [              ], 2021, by and between
OmniLit Acquisition Corp., a Delaware corporation (the “Company”), and Continental Stock Transfer & Trust
Company, a New York corporation (the “Trustee”).

 

WHEREAS,
the Company’s registration statement on Form S-1, File No. 333-260090 (the “Registration Statement”)
and prospectus (the “Prospectus”) for the initial public offering of the Company’s units (the “Units”),
each of which consists of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Common
Stock”), and one half of one-redeemable warrant, each whole warrant entitling the holder thereof to purchase one share
of Common Stock (such initial public offering hereinafter referred to as the “Offering”), has been declared
effective as of the date hereof by the U.S. Securities and Exchange Commission; and

 

WHEREAS,
the Company has entered into an Underwriting Agreement (the “Underwriting Agreement”) with Imperial Capital,
LLC, as representative (the “Representative”) of the several underwriters (the “Underwriters”)
named therein; and

 

WHEREAS,
as described in the Prospectus, $127,500,000 of the gross proceeds of the Offering and sale of the Private Placement Warrants (as defined
in the Underwriting Agreement) (or $146,625,000, if the Underwriters’ over-allotment option is exercised in full) will be delivered
to the Trustee to be deposited and held in a segregated trust account located at all times in the United States (the “Trust
Account”) for the benefit of the Company and the holders of the Common Stock included in the Units issued in the Offering
as hereinafter provided (the amount to be delivered to the Trustee (and any interest subsequently earned thereon) is referred to herein
as the “Property,” the stockholders for whose benefit the Trustee shall hold the Property will be referred
to as the “Public Stockholders,” and the Public Stockholders and the Company will be referred to together
as the “Beneficiaries”); and

 

WHEREAS,
pursuant to the Underwriting Agreement, a portion of the Property equal to $4,375,000, or $5,031,250 if the Underwriters’ over-allotment
option is exercised in full, is attributable to deferred underwriting discounts and commissions that will be payable by the Company to
the Underwriters upon and concurrently with the consummation of the Business Combination (as defined below) (the “Deferred
Discount”); and

 

WHEREAS,
the Company and the Trustee desire to enter into this Agreement to set forth the terms and conditions pursuant to which the Trustee shall
hold the Property.

 

NOW
THEREFORE, IT IS AGREED:

 

1.
Agreements and Covenants of Trustee. The Trustee hereby agrees and covenants to:

 

(a)
Hold the Property in trust for the Beneficiaries in accordance with the terms of this Agreement in the Trust Account established by the
Trustee in the United States at J.P. Morgan Chase Bank, N.A. (or at another U.S. chartered commercial bank with consolidated assets of
$100 billion or more) and at a brokerage institution selected by the Trustee that is reasonably satisfactory to the Company;

 

(b)
Manage, supervise and administer the Trust Account subject to the terms and conditions set forth herein;

 

(c)
In a timely manner, upon the written instruction of the Company, invest and reinvest the Property solely in United States government
securities within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended, having a maturity of 180 days or
less, or in money market funds meeting the conditions of Rule 2a-7(d) promulgated under the Investment Company Act of 1940, as amended
(or any successor rule), which invest only in direct U.S. government treasury obligations, as determined by the Company; it being understood
that the Trust Account will earn no interest while account funds are uninvested awaiting the Company’s instructions hereunder;
and while the account funds are invested or uninvested Trustee may earn bank credits or other consideration;

 

    	 

     

    

 

(d)
Collect and receive, when due, all interest or other income arising from the Property, which shall become part of the “Property,”
as such term is used herein;

 

(e)
Promptly notify the Company and the Representative of all communications received by the Trustee with respect to any Property requiring
action by the Company;

 

(f)
Supply any necessary information or documents as may be requested by the Company (or its authorized agents) in connection with the Company’s
preparation of the tax returns relating to assets held in the Trust Account;

 

(g)
Participate in any plan or proceeding for protecting or enforcing any right or interest arising from the Property if, as and when instructed
by the Company to do so;

 

(h)
Render to the Company monthly written statements of the activities of, and amounts in, the Trust Account reflecting all receipts and
disbursements of the Trust Account;

 

(i)
Commence liquidation of the Trust Account only after and promptly after: (x) receipt of, and only in accordance with, the terms of a
letter from the Company (“Termination Letter”) in a form substantially similar to that attached hereto as either
Exhibit A or Exhibit B, as applicable, signed on behalf of the Company by at least two of its Chief Executive Officer, Chief Financial
Officer, President, Executive Vice President, Vice President, Secretary or Chairman of the board of directors of the Company (the “Board”)
or other authorized officer of the Company, and, in the case of a Termination Letter in a form substantially similar to the attached
hereto as Exhibit A, acknowledged and agreed to by the Representative, and complete the liquidation of the Trust Account and distribute
the Property in the Trust Account, including interest not previously released to the Company to pay its taxes (less up to $100,000 of
interest that may be released to the Company to pay dissolution expenses), only as directed in the Termination Letter and the other documents
referred to therein; or (y) the date which is the later of: (1) 15 months after the closing of the Offering, which may be extended to
21 months after the closing of the Offering, pursuant to the Company’s Certificate of Incorporation (“Charter”);
and (2) such later date as may be approved by the Company’s stockholders in accordance with the Charter if a Termination Letter
has not been received by the Trustee prior to such date, in which case the Trust Account shall be liquidated in accordance with the procedures
set forth in the Termination Letter attached as Exhibit B and the Property in the Trust Account, including interest not previously released
to the Company to pay its taxes (less up to $100,000 of interest that may be released to the Company to pay dissolution expenses) shall
be distributed to the Public Stockholders of record as of such date;

 

(j)
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as
Exhibit C, withdraw from the Trust Account and distribute to the Company the amount of interest earned on the Property requested by the
Company to cover any tax obligation owed by the Company as a result of assets of the Company or interest or other income earned on the
Property, which amount shall be delivered directly to the Company by electronic funds transfer or other method of prompt payment, and
the Company shall forward such payment to the relevant taxing authority; provided, however, that to the extent there is not sufficient
cash in the Trust Account to pay such tax obligation, the Trustee shall liquidate such assets held in the Trust Account as shall be designated
by the Company in writing to make such distribution, so long as there is no reduction in the principal amount per share initially deposited
in the Trust Account; provided, further, that if the tax to be paid is a franchise tax, the written request by the Company to
make such distribution shall be accompanied by a copy of the franchise tax bill from the State of Delaware for the Company (it being
acknowledged and agreed that any such amount in excess of interest income earned on the Property shall not be payable from the Trust
Account). The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled to said
funds, and the Trustee shall have no responsibility to look beyond said request;

 

(k)
Upon written request from the Company, which may be given from time to time in a form substantially similar to that attached hereto as
Exhibit D, the Trustee shall distribute on behalf of the Company the amount requested by the Company to be used to redeem shares of Common
Stock from Public Stockholders properly submitted in connection with a stockholder vote to approve an amendment to the Charter to modify
the substance or timing of the ability of Public Stockholders to seek redemption in connection with an initial Business Combination or
amendments to the Charter prior thereto or the Company’s obligation to redeem 100% of its public shares of Common Stock if the
Company has not consummated an initial Business Combination within such time as is described in clause (y) of Section 1(i) of
the Agreement. The written request of the Company referenced above shall constitute presumptive evidence that the Company is entitled
to distribute said funds, and the Trustee shall have no responsibility to look beyond said request; and

 

    	2

     

    

 

(l)
Not make any withdrawals or distributions from the Trust Account other than pursuant to Section 1(i), (j), or (k) above.

 

2.
Agreements and Covenants of the Company. The Company hereby agrees and covenants to:

 

(a)
Give all instructions to the Trustee hereunder in writing, signed by at least two of the Company’s Chairman of the Board, Chief
Executive Officer, Chief Financial Officer, President, Executive Vice President, Vice President or Secretary. In addition, except with
respect to its duties under Sections 1(i), 1(j), and 1(k) hereof, the Trustee shall be entitled to rely on, and shall be protected in
relying on, any verbal or telephonic advice or instruction which it, in good faith and with reasonable care, believes to be given by
any one of the persons authorized above to give written instructions, provided that the Company shall promptly confirm such instructions
in writing;

 

(b)
Subject to Section 4 hereof, hold the Trustee harmless and indemnify the Trustee from and against any and all expenses, including reasonable
counsel fees and disbursements, or losses suffered by the Trustee in connection with any action taken by it hereunder and in connection
with any action, suit or other proceeding brought against the Trustee involving any claim, or in connection with any claim or demand,
which in any way arises out of or relates to this Agreement, the services of the Trustee hereunder, or the Property or any interest earned
on the Property, except for expenses and losses resulting from the Trustee’s gross negligence, fraud or willful misconduct. Promptly
after the receipt by the Trustee of notice of demand or claim or the commencement of any action, suit or proceeding, pursuant to which
the Trustee intends to seek indemnification under this Section 2(b), it shall notify the Company in writing of such claim (hereinafter
referred to as the “Indemnified Claim”). The Trustee shall have the right to conduct and manage the defense
against such Indemnified Claim; provided that the Trustee shall obtain the consent of the Company with respect to the selection
of counsel, which consent shall not be unreasonably withheld. The Trustee may not agree to settle any Indemnified Claim without the prior
written consent of the Company, which such consent shall not be unreasonably withheld. The Company may participate in such action with
its own counsel;

 

(c)
Pay the Trustee the fees set forth on Schedule A hereto, including an initial acceptance fee, annual administration fee, and transaction
processing fee which fees shall be subject to modification by the parties from time to time. It is expressly understood that the Property
shall not be used to pay such fees unless it is distributed to the Company pursuant to Section 1(i) hereof. The Company shall
pay the Trustee the initial acceptance fee and the first annual administration fee at the consummation of the Offering.. The Company
shall not be responsible for any other fees or charges of the Trustee except as set forth in this Section 2(c), Schedule A, and as may
be provided in Section 2(b) hereof;

 

(d)
In connection with any vote of the Company’s stockholders regarding a merger, capital stock exchange, asset acquisition, stock
purchase, reorganization or similar business combination involving the Company and one or more businesses (the “Business
Combination”), provide to the Trustee an affidavit or certificate of the inspector of elections for the stockholder meeting
verifying the vote of such stockholders regarding such Business Combination;

 

(e)
Provide the Representative with a copy of any Termination Letter(s) and/or any other correspondence that is sent to the Trustee with
respect to any proposed withdrawal from the Trust Account promptly after it issues the same;

 

(f)
Unless otherwise agreed between the Company and the Representative, ensure that any Instruction Letter (as defined in Exhibit A) delivered
in connection with a Termination Letter in the form of Exhibit A expressly provides that the Deferred Discount is paid directly to the
account or accounts directed by the Representative on behalf of the Underwriters prior to any transfer of the funds held in the Trust
Account to the Company or any other person;

 

(g)
Instruct the Trustee to make only those distributions that are permitted under this Agreement, and refrain from instructing the Trustee
to make any distributions that are not permitted under this Agreement; and

 

    	3

     

    

 

(h)
Within four (4) business days after the Underwriters exercise the over-allotment option (or any unexercised portion thereof) or such
over-allotment expires, provide the Trustee with a notice in writing of the total amount of the Deferred Discount.

 

3.
Limitations of Liability. The Trustee shall have no responsibility or liability to:

 

(a)
Imply obligations, perform duties, inquire or otherwise be subject to the provisions of any agreement or document other than this Agreement
and that which is expressly set forth herein;

 

(b)
Take any action with respect to the Property, other than as directed in Section 1 hereof, and the Trustee shall have no liability to
any third party except for liability arising out of the Trustee’s gross negligence, fraud or willful misconduct;

 

(c)
Institute any proceeding for the collection of any principal and income arising from, or institute, appear in or defend any proceeding
of any kind with respect to, any of the Property unless and until it shall have received instructions from the Company given as provided
herein to do so and the Company shall have advanced or guaranteed to it funds sufficient to pay any expenses incident thereto;

 

(d)
Refund any depreciation in principal of any Property;

 

(e)
Assume that the authority of any person designated by the Company to give instructions hereunder shall not be continuing unless provided
otherwise in such designation, or unless the Company shall have delivered a written revocation of such authority to the Trustee;

 

(f)
The other parties hereto or to anyone else for any action taken or omitted by it, or any action suffered by it to be taken or omitted,
in good faith and in the Trustee’s best judgment, except for the Trustee’s gross negligence, fraud or willful misconduct.
The Trustee may rely conclusively and shall be protected in acting upon any order, notice, demand, certificate, opinion or advice of
counsel (including counsel chosen by the Trustee, which counsel may be the Company’s counsel), statement, instrument, report or
other paper or document (not only as to its due execution and the validity and effectiveness of its provisions, but also as to the truth
and acceptability of any information therein contained) which the Trustee believes, in good faith and with reasonable care, to be genuine
and to be signed or presented by the proper person or persons. The Trustee shall not be bound by any notice or demand, or any waiver,
modification, termination or rescission of this Agreement or any of the terms hereof, unless evidenced by a written instrument delivered
to the Trustee, signed by the proper party or parties and, if the duties or rights of the Trustee are affected, unless it shall give
its prior written consent thereto;

 

(g)
Verify the accuracy of the information contained in the Registration Statement;

 

(h)
Provide any assurance that any Business Combination entered into by the Company or any other action taken by the Company is as contemplated
by the Registration Statement;

 

(i)
File information returns with respect to the Trust Account with any local, state or federal taxing authority or provide periodic written
statements to the Company documenting the taxes payable by the Company, if any, relating to any interest income earned on the Property;

 

(j)
Prepare, execute and file tax reports, income or other tax returns and pay any taxes with respect to any income generated by, and activities
relating to, the Trust Account, regardless of whether such tax is payable by the Trust Account or the Company, including, but not limited
to, franchise and income tax obligations, except pursuant to Section 1(j) hereof; or

 

(k)
Verify calculations, qualify or otherwise approve the Company’s written requests for distributions pursuant to Sections 1(i), 1(j),
or 1(k) hereof.

 

    	4

     

    

 

4.
Trust Account Waiver. The Trustee has no right of set-off or any right, title, interest or claim of any kind (“Claim”)
to, or to any monies in, the Trust Account, and hereby irrevocably waives any Claim to, or to any monies in, the Trust Account that it
may have now or in the future. In the event the Trustee has any Claim against the Company under this Agreement, including, without limitation,
under Section 2(b) or Section 2(c) hereof, the Trustee shall pursue such Claim solely against the Company and its assets outside the
Trust Account and not against the Property or any monies in the Trust Account.

 

5.
Termination. This Agreement shall terminate as follows:

 

(a)
If the Trustee gives written notice to the Company that it desires to resign under this Agreement, the Company shall use its reasonable
efforts to locate a successor trustee, pending which the Trustee shall continue to act in accordance with this Agreement. At such time
that the Company notifies the Trustee that a successor trustee has been appointed and has agreed to become subject to the terms of this
Agreement, the Trustee shall transfer the management of the Trust Account to the successor trustee, including but not limited to the
transfer of copies of the reports and statements relating to the Trust Account, whereupon this Agreement shall terminate; provided,
however, that in the event that the Company does not locate a successor trustee within ninety (90) days of receipt of the resignation
notice from the Trustee, the Trustee may submit an application to have the Property deposited with any court in the State of New York
or with the United States District Court for the Southern District of New York and upon such deposit, the Trustee shall be immune from
any liability whatsoever; or

 

(b)
At such time that the Trustee has completed the liquidation of the Trust Account and its obligations in accordance with the provisions
of Section 1(i) hereof (which section may not be amended under any circumstances) and distributed the Property in accordance with the
provisions of the Termination Letter, this Agreement shall terminate except with respect to Section 2(b).

 

6.
Miscellaneous.

 

(a)
The Company and the Trustee each acknowledge that the Trustee will follow the security procedures set forth below with respect to funds
transferred from the Trust Account. The Company and the Trustee will each restrict access to confidential information relating to such
security procedures to authorized persons. Each party must notify the other party immediately if it has reason to believe unauthorized
persons may have obtained access to such confidential information, or of any change in its authorized personnel. In executing funds transfers,
the Trustee shall rely upon all information supplied to it by the Company, including, account names, account numbers, and all other identifying
information relating to a Beneficiary, Beneficiary’s bank or intermediary bank. Except for any liability arising out of the Trustee’s
gross negligence, fraud or willful misconduct, the Trustee shall not be liable for any loss, liability or expense resulting from any
error in the information or transmission of the funds.

 

(b)
This Agreement shall be governed by and construed and enforced in accordance with the laws of the State of New York, without giving effect
to conflicts of law principles that would result in the application of the substantive laws of another jurisdiction. This Agreement may
be executed in several original or facsimile counterparts, each one of which shall constitute an original, and together shall constitute
but one instrument.

 

(c)
This Agreement contains the entire agreement and understanding of the parties hereto with respect to the subject matter hereof. This
Agreement or any provision hereof may only be changed, amended or modified (other than to correct a typographical error) by a writing
signed by each of the parties hereto; provided, however, that no such change, amendment, or modification to Section 1(i), 2(f), or Exhibit
A may be made without the prior written consent of the Representative.

 

(d)
This Agreement or any provision hereof may only be changed, amended or modified pursuant to Section 6(c) hereof with the Consent
of the Stockholders. For purposes of this Section 6(d), the “Consent of the Stockholders” means receipt by
the Trustee of a certificate from the inspector of elections of the stockholder meeting certifying that the Company’s stockholders
of record as of a record date established in accordance with Section 213(a) of the Delaware General Corporation Law, as amended (“DGCL”)
(or any successor rule), who hold sixty-five percent (65%) or more of all then outstanding shares of the Common Stock and Class B common
stock, par value $0.0001 per share, of the Company voting together as a single class, have voted in favor of such change, amendment or
modification. No such amendment will affect any Public Stockholder who has otherwise indicated his election to redeem his shares of Common
Stock in connection with a stockholder vote sought to amend this Agreement to modify the substance or timing of the Company’s obligation
to redeem 100% of the Common Stock if the Company does not complete its initial Business Combination within the time frame specified
in the Charter. Except for any liability arising out of the Trustee’s gross negligence, fraud or willful misconduct, the Trustee
may rely conclusively on the certification from the inspector or elections referenced above and shall be relieved of all liability to
any party for executing the proposed amendment in reliance thereon.

 

    	5

     

    

 

(e)
The parties hereto consent to the jurisdiction and venue of any state or federal court located in the City of New York, State of New
York, for purposes of resolving any disputes hereunder. AS TO ANY CLAIM, CROSS-CLAIM OR COUNTERCLAIM IN ANY WAY RELATING TO THIS AGREEMENT,
EACH PARTY WAIVES THE RIGHT TO TRIAL BY JURY.

 

(f)
Any notice, consent or request to be given in connection with any of the terms or provisions of this Agreement shall be in writing and
shall be sent by express mail or similar private courier service, by certified mail (return receipt requested), by hand delivery or by
electronic mail:

 

If
to the Trustee, to:

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, NY 10004

Attn:
Francis Wolf & Celeste Gonzalez

Email:
fwolf@continentalstock.com

cgonzalez@continentalstock.com

 

If
to the Company, to:

 

OmniLit
Acquisition Corp.

1111
Lincoln Road, Suite 500

Miami
Beach, FL 33139

Attn:
Al Kapoor

Telephone:
(786) 750-2820

 

In
each case, with copies to:

 

Harter,
Secrest & Emery LLP

1600
Bausch & Lomb Place

Rochester,
NY 14604

Attn:
Joshua E. Gewolb, Esq., C. Christopher Murillo, Esq.

Telephone:
(585) 232-6500

 

And

 

Imperial
Capital, LLC

277
Park Avenue, 48th Floor

New
York, NY 10172

Attn.:
[___]

Fax:
(212) 351-9700

Email:
[___]

 

And

 

Paul
Hastings LLP

200
Park Avenue

New
York, NY 10166

Attn:
Frank Lopez, Esq., Jonathan Ko, Esq.

Telephone:
(212) 318-6000

 

    	6

     

    

 

(g)
Each of the Company and the Trustee hereby represents that it has the full right and power and has been duly authorized to enter into
this Agreement and to perform its respective obligations as contemplated hereunder. The Trustee acknowledges and agrees that it shall
not make any claims or proceed against the Trust Account, including by way of set-off, and shall not be entitled to any funds in the
Trust Account under any circumstance.

 

(h)
This Agreement is the joint product of the Trustee and the Company and each provision hereof has been subject to the mutual consultation,
negotiation and agreement of such parties and shall not be construed for or against any party hereto.

 

(i)
This Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all such counterparts
shall together constitute one and the same instrument. Delivery of a signed counterpart of this Agreement by facsimile or electronic
transmission shall constitute valid and sufficient delivery thereof.

 

(j)
Each of the Company and the Trustee hereby acknowledges and agrees that the Representative on behalf of the Underwriters is a third-party
beneficiary of this Agreement.

 

(k)
Except as specified herein, no party to this Agreement may assign its rights or delegate its obligations hereunder to any other person
or entity.

 

[Signature
Page Follows]

 

    	7

     

    

 

IN
WITNESS WHEREOF, the parties have duly executed this Investment Management Trust Agreement as of the date first written above.

 

	 	CONTINENTAL
    STOCK TRANSFER & TRUST COMPANY, as Trustee
	 	 	 
	 	By:	 
	 	Name:	Francis
    Wolf
	 	Title:	Vice
    President
	 	 	 
	 	OMNILIT
    ACQUISITION CORP.
	 	 	 
	 	By:	 
	 	Name:	Al
    Kapoor
	 	Title:	Chief
    Executive Officer

 

[Signature
Page to Investment Management Trust Agreement]

 

    	8

     

    

 

Schedule
A

 

	Fee Item	 	Time and method of payment	 	Amount	 
	Initial set-up fee.	 	Initial closing of Offering by wire transfer.	 	$	3,500	 
	Trustee administration fee	 	Payable annually. First year fee payable, at initial closing of Offering by wire transfer, thereafter by wire transfer or check.	 	$	10,000	 
	Transaction processing fee for disbursements to Company under Sections 1(i) and (j)	 	Billed to Company following disbursement made to Company under Section 1	 	$	250	 
	Paying Agent services as required pursuant to Sections 1(i) and 1(k)	 	Billed to Company upon delivery of service pursuant to Section 1(i) and 1(k)	 	 	Prevailing rates	 

 

    	A-1

     

    

 

Exhibit
A

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez_

 

	Re:	Trust
    Account - Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(i) of the Investment Management Trust Agreement between OmniLit Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [____], 2021 (the “Trust
Agreement”), this is to advise you that the Company has entered into an agreement with (the “Target Business”)
to consummate a business combination with Target Business (the “Business Combination”) on or about [____].
The Company shall notify you at least seventy-two (72) hours in advance of the actual date of the consummation of the Business Combination
(the “Consummation Date”). Capitalized terms used but not defined herein shall have the meanings set forth
in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to commence to liquidate all of the assets of the Trust Account
and transfer the proceeds to a segregated account held by you on behalf of the Beneficiaries to the effect that, on the Consummation
Date, all of the funds held in the Trust Operating Account at J.P. Morgan Chase Bank, N.A. will be immediately available for transfer
to the account or accounts that the Company shall direct on the Consummation Date (including as directed to it by the Representative
on behalf of the Underwriters (with respect to the Deferred Discount)). It is acknowledged and agreed that while the funds are on deposit
in the trust operating account at J.P. Morgan Chase Bank, N.A. awaiting distribution, the Company will not earn any interest or dividends.

 

On
the Consummation Date: (i) counsel for the Company shall deliver to you written notification that the Business Combination has been consummated,
or will be consummated concurrently with your transfer of funds to the accounts as directed by the Company (the “Notification”);
and (ii) the Company shall deliver to you: (a) a certificate by the Chief Executive Officer, which verifies that the Business Combination
has been approved by a vote of the Company’s stockholders, if a vote is held; and (b) a joint written instruction signed by the
Company and the Representative with respect to the transfer of the funds held in the Trust Account, including payment of amounts owed
to public stockholders who have properly exercised their redemption rights and payment of the Deferred Discount to the Representative
from the Trust Account (the “Instruction Letter”). You are hereby directed and authorized to transfer the funds
held in the Trust Account immediately upon your receipt of the Notification and the Instruction Letter, in accordance with the terms
of the Instruction Letter. In the event that certain deposits held in the Trust Account may not be liquidated by the Consummation Date
without penalty, you will notify the Company in writing of the same and the Company shall direct you as to whether such funds should
remain in the Trust Account and be distributed after the Consummation Date to the Company. Upon the distribution of all the funds, net
of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the Trust
Agreement shall be terminated.

 

In
the event that the Business Combination is not consummated on the Consummation Date described in the notice thereof and we have not notified
you on or before the original Consummation Date of a new Consummation Date, then upon receipt by the Trustee of written instructions
from the Company, the funds held in the Trust Account shall be reinvested as provided in Section 1(c) of the Trust Agreement on the business
day immediately following the Consummation Date as set forth in such notice as soon thereafter as possible.

 

    	A-2

     

    

 

	 	Very
    truly yours,
	 	 
	 	OmniLit
Acquisition Corp.
	 	 	 
	 	By:	                       
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

	Acknowledged
    & Agreed by:	 
	 	 
	Imperial
    Capital, LLC	 
	 	                          	 
	By:	 	 
	Name:	 	 
	Title:	 	 

 

    	A-3

     

    

 

Exhibit
B

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

 

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust
    Account - Termination Letter

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(i) of the Investment Management Trust Agreement between OmniLit Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [____], 2021 (the “Trust
Agreement”), this is to advise you that the Company has been unable to effect a business combination with a Target Business
(the “Business Combination”) within the time frame specified in Section 1(i) of the Trust Agreement. Capitalized
terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

In
accordance with the terms of the Trust Agreement, we hereby authorize you to liquidate all of the assets in the Trust Account and to
transfer the total proceeds into a segregated account held by you on behalf of the Beneficiaries to await distribution to the Public
Stockholders. The Company has selected [____](1) as the effective date for the purpose of determining when the Public Stockholders
will be entitled to receive their share of the liquidation proceeds. You agree to be the Paying Agent of record and, in your separate
capacity as Paying Agent, agree to distribute said funds directly to the Company’s Public Stockholders in accordance with the terms
of the Trust Agreement and the Amended and Restated Certificate of Incorporation of the Company. Upon the distribution of all the funds,
net of any payments necessary for reasonable unreimbursed expenses related to liquidating the Trust Account, your obligations under the
Trust Agreement shall be terminated, except to the extent otherwise provided in Section 1(j) of the Trust Agreement.

 

(1) 15 months from the closing of the Offering or at a later date, if extended.

 

	 	Very
    truly yours,
	 	 
	 	OmniLit
Acquisition Corp.
	 	 	                  
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

cc:
Imperial Capital, LLC

 

    	B-1

     

    

 

Exhibit
C

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	Re:	Trust
    Account - Withdrawal Instruction

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(j) of the Investment Management Trust Agreement between OmniLit Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [____], 2021 (the “Trust
Agreement”), the Company hereby requests that you deliver to the Company $[____] of the interest income earned on the Property
as of the date hereof. Capitalized terms used but not defined herein shall have the meanings set forth in the Trust Agreement.

 

The
Company needs such funds to pay for the tax obligations as set forth on the attached tax return or tax statement. In accordance with
the terms of the Trust Agreement, you are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your
receipt of this letter to the Company’s operating account at:

 

[WIRE
INSTRUCTION INFORMATION]

 

	 	Very
    truly yours,
	 	 
	 	OmniLit
Acquisition Corp.
	 	 	                   
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

cc:
Imperial Capital, LLC

 

    	C-1

     

    

 

Exhibit
D

 

[Letterhead
of Company]

 

[Insert
date]

 

Continental
Stock Transfer & Trust Company

1
State Street, 30th Floor

New
York, New York 10004

Attn:
Francis Wolf & Celeste Gonzalez

 

	 	Re:	Trust
    Account - Stockholder Redemption Withdrawal Instruction

 

Ladies
and Gentlemen:

 

Pursuant
to Section 1(k) of the Investment Management Trust Agreement between OmniLit Acquisition Corp. (the “Company”)
and Continental Stock Transfer & Trust Company (the “Trustee”), dated as of [____], 2021 (the “Trust
Agreement”), the Company hereby requests that you deliver to the redeeming Public Stockholders of the Company $[____] of
the principal and interest income earned on the Property as of the date hereof to a segregated account held by you on behalf of the Beneficiaries
for distribution to the Stockholders who have requested redemption of their Common Stock. Capitalized terms used but not defined herein
shall have the meanings set forth in the Trust Agreement.

 

The
Company needs such funds to pay its Public Stockholders who have properly elected to have their shares of Common Stock redeemed by the
Company in connection with a stockholder vote to approve an amendment to the Company’s Amended and Restated Certificate of Incorporation
to modify the substance or timing of the Company’s obligation to redeem 100% of public shares of Common Stock if the Company has
not consummated an initial Business Combination within such time as is described in Section 1(i) of the Trust Agreement. As such, you
are hereby directed and authorized to transfer (via wire transfer) such funds promptly upon your receipt of this letter.

 

	 	Very
    truly yours,
	 	 
	 	OmniLit
Acquisition Corp.
	 	 	                      
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 

 

cc:
Imperial Capital, LLC

 

    	D-1Exhibit 10.1

 

 

 

HOSTING AND COLOCATION SERVICES AGREEMENT

 

This Hosting and Colocation Services
Agreement (“Agreement”) is dated as of October 26, 2021, and is made by and between PLANBTC,LLC d/b/a GigaCrypto, Inc. a Wyoming
limited liability company (“GIGACRYPTO”), and New York Tech Capital Inc., a Delaware company (the “PROVIDER”,
PROVIDER and GIGACRYPTO are the “Parties”),

 

WHEREAS, GIGACRYPTO
is in the business of providing blockchain mining and hosting services and PROVIDER owns and seeks to deploy cryptocurrency mining equipment.

 

WHEREAS, GIGACRYPTO
wishes to work with PROVIDER to deploy cryptocurrency mining equipment (the “Equipment”) pursuant to the terms of this
Agreement.

 

NOW, THEREFORE,
for and in consideration of the mutual covenants and agreements contained herein, and other good and valuable consideration, the adequacy,
receipt and sufficiency of which are hereby acknowledged, the Parties mutually agree as follows:

 

1. SERVICE 

 

GIGACRYPTO will deploy and maintain
certain mining Equipment to locations operated by the GIGACRYPTO, as set forth on a Statement of Work, the form of which is attached hereto
as Exhibit A (each is, a “Scope of Work Statement”), at the facility (the “Facility”)
identified on the Statement of Work. The Parties may issue one or more Statements of Work under this Agreement. GIGACRYPTO will provide
electrical power, internet access and maintenance services to PROVIDER for the purposes of installing, maintaining, and operating such
Equipment, as set forth in this Agreement and receive Service Fees and reimbursements for electrical power relating to the services set
forth herein and in the Statement of Work.

 

2.
TERM AND TERMINATION

 

		a)	Term.
                                            The Agreement commences upon the date hereof and shall remain effective for the term set
                                            forth on each respective Statement of Work. Each Statement of Work shall be executed by both
                                            parties, and this Agreement and any corresponding Statement of Work may only be amended by
                                            a written agreement signed by both parties. Upon expiration of the latest term as set in
                                            the fully executed Statement of Work, this Agreement shall also expire and terminate on the
                                            same date unless otherwise agreed to by the Parties in writing.

 

		b)	Termination
                                            for Cause. Either party may terminate this Agreement for a Default (as defined below)
                                            immediately following written notice if such party: (a) violates, or fails to perform or
                                            fulfill any covenant or provision of this Agreement, including failure to make any payment
                                            due hereunder and failure to maintain or operate the Equipment, and any such Default is not
                                            cured within ten (10) days after written notification from the other party; or (b) enters
                                            into bankruptcy, dissolution, insolvency, or consummate a change of control through sales
                                            of all of its assets or merger with another person, corporation or entity, unless approved
                                            in advance by the other party (each, a “Default”).

 

Either
GIGACRYPTO or the PROVIDER may choose to terminate the agreement, with five-day notice, if Section 3(c) is triggered.

 

		c)	Effect
                                            of Termination. If GIGACRYPTO terminates this Agreement due to the Default by PROVIDER,
                                            PROVIDER agrees to pay to GIGACRYPTO all amounts then owed for services PROVIDER received
                                            up to such termination date and shall remove its Equipment from the Facility, provided that
                                            GIGACRYPTO is not in Default. If PROVIDER terminates this Agreement for Default by GIGACRYPTO,
                                            GIGACRYPTO (i) shall power down the Equipment immediately upon receipt of Provider’s
                                            notice of termination; and (ii) shall promptly make all Equipment and all of PROVIDER’s
                                            property available for return to PROVIDER and for removal from the premises of the Facility.

 

    
	Hosting & Colocation Services	1

 

     

    

 

 

 

		d)	Taxes. Each party shall be responsible
                                            for paying any and all of their own taxes, including without limitation any federal, state
                                            or local taxes on sales, gross income, receipts, occupation or use.

 

3.
MINING SERVICES FEE

 

		a)	Management
                                            Service Fees. PROVIDER shall pay GIGACRYPTO a Management Service Fee (the “Service
                                            Fee”) equal to twelve percent (12%) of the total Bitcoin mining revenue generated
                                            by PROVIDER’s Equipment during the term of this Agreement. The Service Fee is correlated
                                            to the Equipment deployed and overall hashing speed. The Service Fee will be calculated and
                                            paid as frequently and simultaneously with distributions of the mined crypto to the PROVIDER
                                            in the manner set forth in Section 6.

 

		b)	POWER
                                            COSTS. PROVIDER shall be responsible for any and all electrical power costs actually
                                            incurred to operate the mining Equipment set forth in the Scope of Work Statement. PROVIDER
                                            shall pay a security deposit (the “Power Deposit”) in the amount set forth in
                                            the Scope of Work Statement based upon the project size described in the Scope of Work Statement.
                                            GIGACRYPTO will track the electricity use of the PROVIDER’s Equipment and monitor the
                                            meter dedicated to the electricity use of Provider’s Equipment housed in the separate
                                            pods at the Facility for good working condition and calculate the actual electricity usage
                                            by the Equipment. PROVIDER shall have the right to inspect and confirm or dispute the meter
                                            usage at the Facility upon reasonable notice to GIGACRYPTO. GIGACRYPTO will provide an electrical
                                            power invoice issued by Black River Electric Cooperative or the successor electricity provider
                                            of GIGACRYPTO to PROVIDERS on a monthly basis. Payment of said electrical power invoice shall
                                            be made to GIGACRYPTO in U.S. dollars within five (5) days of receipt. If the Power Deposit
                                            stated on the Scope of Work Statement has not been fully consumed upon termination of such
                                            Scope of Work Statement based on the actual electricity invoices, GIGACRYPTO shall refund
                                            the unused portion of the Power Deposit to the PROVIDER within five (5) days from the termination
                                            of such Scope of Work Statement.

 

		c)	Additional
                                            Costs. In the event that government regulatory conditions change and such change causes
                                            additional fees to be incurred based on the power generation, the GIGACRYPTO shall promptly
                                            notify PROVIDER of such additional fees. Provided that all of these additional fees do not
                                            exceed three percent (3%) of the overall hosting per megawatt costs, and PROVIDER accepts
                                            such price increase, PROVIDER will pay the additional cost to GIGACRYPTO. If the additional
                                            costs are not accepted by PROVIDER, PROVIDER shall have the right to terminate the contract
                                            per Section 2(b).

 

		d)	Insurance.
                                            It is acknowledged and understood that GIGACRYPTO has and will maintain a commercial general
                                            liability insurance policy for the site locations set forth in each Statement of Work and
                                            has provided a copy of such insurance policy for each site location to the PROVIDER prior
                                            to the date of this Agreement. PROVIDER is responsible for all costs related to insurance
                                            on the mining Equipment. GIGACRYPTO will assist PROVIDER in identifying and securing any
                                            necessary insurance.

 

4.
NETWORK & ACCESS

 

		a)	Network.
                                            GIGACRYPTO will provide: (i) a local, cellular or satellite network connectivity to each
                                            piece of Equipment; and (ii) VPN, or other requisite access to the relevant portions of its
                                            network (i.e., the ability for PROVIDER to securely and remotely monitor each piece of the
                                            Equipment). GIGACRYPTO may not charge any fees in addition to the Service Fee to PROVIDER
                                            with respect to such network or internet access to the Equipment.

 

    
	Hosting & Colocation Services	2

 

     

    

 

 

 

		b)	Access. Only those persons specifically
                                            authorized by GIGACRYPTO may access the Facility. GIGACRYPTO may furnish access to the Equipment
                                            and Facility based on GIGACRYPTO’S then-current security policies and procedures, including:

 

		i.	All access into the Facility must be supervised by a GIGACRYPTO representative;

 

		ii.	PROVIDER
                                            may request immediate and/or after-hour service to the Facility for emergency maintenance.
                                            GIGACRYPTO will make reasonable attempts to accommodate PROVIDER’s after-hour emergency
                                            service requests. In addition, PROVIDER may inspect the Facility and its Equipment
                                            during the regular business hours with one-day advance notice to GIGACRYPTO.
	 	 	 

		c)	Hazardous
                                            Conditions. If, in the discretion of GIGACRYPTO, its employees or agents, GIGACRYPTO
                                            determines or discovers the existence of any hazardous conditions on, from, or affecting
                                            the Facility, GIGACRYPTO is hereby authorized to suspend service under this Agreement, upon
                                            simultaneous or advance notice to PROVIDER.

 

5.
MINING EQUIPMENT AND FACILITY

 

		a)	Installation. GIGACRYPTO will be responsible for the installation of all equipment deployed
to the Facility. In the event any of the deployed equipment is inoperable upon receipt from PROVIDER, GIGACRYPTO will immediately notify
PROVIDER. PROVIDER will have the option to repair or replace the inoperable equipment, or amend the Scope of Work Statement accordingly.

 

		b)	Facility Maintenance. PROVIDER acknowledges that the Facility may be situated at an industrial
site which may be subject to dust and high temperature generated by the industrial operations. PROVIDER further acknowledges that GIGACRYPTO
shall house the Equipment in portable air-cooled mining pods and use commercially reasonable care to maintain a suitable environment at
all times while the Equipment is in operation. PROVIDER has reviewed the anticipated operation conditions at the Facility prior to the
date hereof and agreed that such conditions are acceptable to host the Equipment. The Parties acknowledge and agree that GIGACRYPTO shall
not be liable for any damages caused to the Equipment by the operating conditions of the Facility outside of GIGACRYPTO’S control
(upon commercially reasonable and timely inspection and maintenance) and GIGACRYPTO shall be responsible for damages to the Equipment
and loss of revenues due to unsuitable operating conditions resulting from the gross negligence or willful misconduct of GIGACRYPTO. GIGACRYPTO
shall use commercially reasonable efforts to maintain the Facility and Equipment in good working order, including normal and customary
supervision, maintenance, repair, and improvement.

 

		c)	Equipment Maintenance. Upon delivery to the Facility, PROVIDER shall use its best efforts
to advise which pieces of Equipment is in good working order and suitable for commencing operation in the Facility and which pieces of
Equipment are not. GIGACRYPTO may not commence any trouble-shooting or repair or have a third party commence such work on any of the Equipment
until it receives PROVIDER’s written approval on the estimated total costs associated with the troubleshooting and repair work.
It is understood that upon approval of the trouble-shooting and repair work, PROVIDER shall be responsible for any costs associated with
the troubleshooting and repair of Equipment received in non-working order, including labor and parts. GIGACRYPTO is not responsible in
any way for installation delays or loss of profits as a result of Equipment deemed not to be in good working order upon arrival at Facility.
GIGACRYPTO shall use commercially reasonable efforts to cooperate in good faith with PROVIDER to assist in the maintenance, repair and
troubleshooting of the Equipment. Upon confirming that certain pieces of Equipment are in good working condition upon arrival on the Facility
site, GIGACRYPTO shall be responsible for daily maintenance of the hardware of the Equipment and software upgrades of the Equipment and
ensure that the Equipment remains in good working order. 

 

    
	Hosting & Colocation Services	3

 

     

    

 

 

 

6.
PAYMENTS AND DISTRIBUTIONS

 

		a)	The PROVIDER will set up a wallet wherein all mining revenue will be deposited and/or sent from
the chosen mining pool. The Service Fee will be calculated as of the date each mining revenue deposit is made into PROVIDER’S wallet.
Upon receiving the mining revenue in its wallet, PROVIDER shall transfer the Service Fee to GIGACRYPTO as soon as possible within two
(2) business days from receipt of mining revenue deposit. PROVIDER shall pay the Service Fee to GIGACRYPTO in Bitcoin unless otherwise
instructed in writing by GIGACRYPTO. 

 

		b)	Payment of the Power Costs set forth in Section 3(b) will be made by PROVIDER to GIGACRYPTO once
(1x) per month. GIGACRTYPTO will forward PROVIDER a copy of each invoice received from Black River Electric Cooperative. PROVIDER shall
pay each invoice to GIGACRYPTO in dollars ($) within five (5) days of receipt. GIGACRYPTO shall then be responsible for payment of each
invoice to Black River Electric Cooperative directly.

 

		c)	Payments and Distributions of Service Fee to GIGACRTYPTO shall be made at least once (1x) per month.
Such payments and distributions of Service Fee may be made more frequently than once (1x) per month in accordance with a schedule to be
determined by the Parties.

 

		d)	In the event PROVIDERS fail to transfer the Service Fee in a timely fashion, GIGACRYPTO will be
permitted to take reasonable steps to mitigate future losses, including, but not limited to, ceasing all operation of PROVIDER’S
equipment until said Service Fees earned are paid in full.

 

7. RESPONSIBILITIES

 

		a)	Compliance with Laws. GIGACRYPTO and PROVIDER must at all times comply with all applicable
laws, ordinances, regulations in maintaining and operating the Facility and Equipment.

 

		b)	Licenses and Permits. GIGACRYPTO is and shall be at all times responsible for obtaining any
licenses, permits, consents, or approvals from any federal, state or local government, which may be necessary to comply with its obligations
under this Agreement.

 

		c)	Insurance. GIGACRYPTO is responsible for maintaining insurance coverage for the Facility.
PROVIDER is responsible for maintaining insurance coverage on the individual equipment owned by PROVIDER.

 

		d)	Event of Emergency. In the event of an emergency as listed herein: storm, flood, earthquake,
tornado, explosion, invasion, strike, fire, industrial disturbance, or other act of god, GIGACRYPTO shall provide PROVIDER with prompt
notice for PROVIDER to rearrange, remove, or relocate the Equipment, or upon PROVIDER’S consent (which shall not be unreasonably
withheld or delayed), GIGACRYPTO may rearrange, remove, or relocate the Equipment as necessary to prevent damage to the Equipment.

 

		e)	Removal. PROVIDER may, upon reasonable notice (thirty calendar (30) days is deemed reasonable
hereunder) to GIGACRYPTO, remove, inspect, adjust or repair the Equipment from the Facility without the prior written authorization of
GIGACRYPTO. PROVIDER shall be solely responsible for arranging for the removal with the Facility manager and shall be solely responsible
to provide appropriate packaging and moving materials. If PROVIDER uses an agent or other third party to remove the Equipment, PROVIDER
shall be solely responsible for the acts of such party, and any damages caused by such party to the Equipment or otherwise.

 

    
	Hosting & Colocation Services	4

 

     

    

 

 

 

8.
WARRANTY & DISCLAIMER

 

GIGACRYPTO MAKES NO WARRANTIES OR GUARANTEES RELATED TO THE
AVAILABILITY OF SERVICE OR THE OPERATING TEMPERATURE OF THE FACILITY. PROVIDER UNDERSTANDS AND ACKNOWLEDGES THAT ISSUES RELATED TO AVAILABILITY
OF SERVICES OR TEMPERATURE ARE NOT WITHIN THE CONTROL OF GIGACRYPTO. THE SERVICE AND THE FACILITY PROVIDED BY PROVIDER IS PROVIDED “AS
IS.” PROVIDER DOES NOT PROVIDE IMMERSION COOLING OR BACKUP POWER AND THE FACILITY IS SUBJECT TO SWINGS IN LOCAL TEMPERATURE, WIND,
HUMIDITY, ETC. PROVIDER MAKES NO WARRANTY WHATSOEVER, INCLUDING ANY WARRANTY AGAINST INTERFERENCE. GIGACRYPTO DOES NOT WARRANT THAT (A)
THE SERVICE SHALL BE AVAILABLE 24/7 OR FREE FROM MINOR INTERRUPTIONS; (B) THE SERVICE SHALL MEET PROVIDER’S REQUIREMENTS OTHER THAN
AS SET OUT HEREIN; OR (C) THE SERVICE SHALL PROVIDE ANY FUNCTION NOT DESIGNATED HEREIN.

 

GIGACRYPTO MAKES NO WARRANTIES OR GUARANTIES AND FURTHER ASSUMES
NO RESPONSIBILITY RELATED TO THE FUNCTIONALITY OF THE EQUIPMENT OR THE FITNESS OF THE EQUIPMENT FOR ANY PARTICULAR PURPOSE.

 

9.
LIMITATION OF LIABILITY

 

		a)	PROVIDER UNDERSTANDS AND ACKNOWLEDGES THAT IN SOME SITUATIONS EQUIPMENT FUNCTIONALITY MAY BE UNAVAILABLE
DUE TO FACTORS OUTSIDE OF GIGACRYPTO’S CONTROL. THIS INCLUDES, BUT IS NOT LIMITED TO NETWORK FAILURES, POOL OPERATOR FAILURES, DENIAL
OF SERVICE ATTACKS, CURRENCY NETWORK OUTAGES, HACKING OR MALICIOUS ATTACKS ON THE CRYPTO NETWORKS OR EXCHANGES, POWER OUTAGES, TEMPERATURE
OR ACTS OF GOD. PROVIDER SHALL HAVE NO OBLIGATION, RESPONSIBILITY, AND/OR LIABILITY FOR THE FOLLOWING: (i) ANY LOST REVENUE TO PROVIDER
DURING OUTAGES, EQUIPMENT FAILURES, ETC.; (ii) DAMAGES RESULTING FROM ANY ACTIONS OR INACTIONS OF PROVIDER OR ANY THIRD PARTY NOT UNDER
GIGACRYPTO’S CONTROL; OR (iii) DAMAGES RESULTING FROM EQUIPMENT OR ANY THIRD PARTY EQUIPMENT.

 

		b)	IN NO EVENT SHALL EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ANY OTHER PERSON, FIRM, OR ENTITY
IN ANY RESPECT, INCLUDING, WITHOUT LIMITATION, FOR ANY INDIRECT, CONSEQUENTIAL, SPECIAL, INCIDENTAL OR PUNITIVE DAMAGES, INCLUDING LOSS
OF PROFITS OF ANY KIND OR NATURE WHATSOEVER, ARISING OUT OF MISTAKES, ACCIDENTS, ERRORS, OMISSIONS, INTERRUPTIONS, OR DEFECTS IN TRANSMISSION,
OR DELAYS, INCLUDING, BUT NOT LIMITED TO, THOSE WHICH MAY BE CAUSED BY REGULATORY OR JUDICIAL AUTHORITIES ARISING OUT OF OR RELATING TO
THIS AGREEMENT OR THE OBLIGATIONS OF EACH PARTY PURSUANT TO THIS AGREEMENT, EXCLUDING ANY CLAIMS FOR INDEMNIFICATION UNDER SECTION 9.
EACH PARTY’S LIABILITIES UNDER THIS AGREEMENT, WHETHER UNDER CONTRACT LAW, TORT LAW, WARRANTY, OR OTHERWISE, SHALL BE LIMITED TO DIRECT
DAMAGES NOT TO EXCEED THE AMOUNTS ACTUALLY RECEIVED BY OR PAID BY THE OTHER PARTY IN THE 12 MONTHS PRIOR TO THE DATE OF THE ACTION GIVING
RISE TO THE CLAIM.

 

10.
INDEMNIFICATION

 

		a)	PROVIDER will indemnify, hold harmless, and defend GIGACRYPTO, its subsidiaries, employees, agents, directors, owners, executives,
representatives, and subcontractors (the “GIGACRYPTO Parties”) from any liability, claim, judgment, loss, cost, expense
or damage, including attorneys’ fees and legal expenses, brought by any party on account of the Equipment or PROVIDER’S (i)
breach of this Agreement; or (ii) any injuries or damages sustained by any person or property due to any direct or indirect act, omission,
neglect or misconduct of PROVIDER, its agents, representatives, employees, contractors and their employees and subcontractors and their
employees.

 

		b)	GIGACRYPTO will indemnify, hold harmless, and defend PROVIDER, its subsidiaries, employees, agents, directors, owners, executives,
representatives, and subcontractors from any liability, claim, judgment, loss, cost, expense or damage, including attorneys’ fees
and legal expenses, brought by any party on account of the Facility or GIGACRYPTO’S (i) breach of this Agreement; (ii) any damage
to PROVIDER’S property or the Equipment caused by the GIGACRYPTO or the GIGACRYPTO Parties; or (iii) any injuries or damages sustained
by any person or property due to any direct or indirect act, omission, neglect or misconduct or indirect act, omission, neglect or misconduct
of GIGACRYTPO, or the GIGACRYPTO Parties.

 

    
	Hosting & Colocation Services	5

 

     

    

 

 

 

11.
MISCELLANEOUS

 

		a)	R epresentations. The parties have not made or relied upon any representations, understandings,
or other agreements not specifically set forth in this Agreement.

 

		b)	Whole Agreement. This Agreement, each Statement of Work, and any documents appended to or
referenced in this Agreement represent the whole Agreement between the parties and is a final, complete and exclusive statement of the
terms of this Agreement. No course of prior dealing between the parties shall be relevant or admissible to supplement, explain, or vary
any of the terms of this Agreement. In the event of any conflict between the terms of this Agreement or each Statement of Work, the terms
of this Agreement shall control.

 

		c)	Waiver, Severability. The waiver of any breach or default does not constitute the waiver
of any subsequent breach or default. If any provision of this Agreement is held to be illegal or unenforceable, it shall be deemed amended
to conform to the applicable laws or regulations, or, if it cannot be so amended without materially altering the intention of the parties,
it shall be stricken and the remainder of this Agreement shall continue in full force and effect.

 

		d)	Amendment. Amendments, modifications, or supplements to this Agreement must be in writing
signed by authorized representatives of both parties.

 

		e)	Assignment. Neither this Agreement nor any right or obligation arising under this Agreement
may be assigned by either party in whole or in part, without the prior written consent of the other party. Subject to the restrictions
on assignment of this Agreement, this Agreement shall be binding upon and inure to the benefit of the parties, their legal representatives,
successors, and assigns.

 

		f)	Force Majeure. Neither party shall be liable in any way for delay, failure in performance,
loss or damage due to any of the following force majeure conditions; fire, strike, embargo, explosion, power failure, flood, lightning,
war, water, pandemic, plague, electrical storms, labor disputes, civil disturbances, governmental requirements, acts of civil or military
authority, acts of God, acts of public enemies, inability to secure replacement parts or materials, transportation facilities, or other
causes beyond its reasonable control, whether or not similar to the foregoing.

 

		g)	Governing Law and Venue. This agreement shall be governed by the laws of the State of Wyoming.
Any legal suit, action, or proceeding arising out of or relating to this agreement or the transactions contemplated hereby shall be instituted
in the federal courts of the United States of America located in the City of New York and County of New York, and each party irrevocably
submits to the exclusive jurisdiction of such courts in any such legal suit, action, or proceeding.

 

		h)	Relationship of the Parties. The parties agree that their relationship hereunder is in the
nature of independent contractors. Neither party shall be deemed to be the agent, partner, joint venture or employee of the other, and
neither shall have any authority to make any agreements or representations on the other’s behalf. Each party shall be solely responsible
for the payment of compensation, insurance and taxes of its own personnel, and such personnel are not entitled to the provisions of any
employee benefits from the other party.

 

		i)	Interpretation. Any rule of construction to the effect that ambiguities are to be resolved
against the drafting party shall not apply to the interpretation and construction of this Agreement, and this Agreement shall be construed
as having been jointly drafted by the parties. The titles and headings for particular paragraphs, sections and subsections of this Agreement
have been inserted solely for reference purposes and shall not be used to interpret or construe the terms of this Agreement.

 

		j)	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall
be deemed an original, but which together shall constitute one and the same document. Counterparts may be delivered via facsimile, electronic
mail (including .pdf or any electronic signature complying with the U.S. Federal ESIGN Act of 2000, (e.g. www.docusign.com) or other transmission
method and any counterpart so delivered shall be deemed to have been duly and validly delivered and be valid and effective for all purposes.

 

[SIGNATURE PAGE TO FOLLOW]

 

    
	Hosting & Colocation Services	6

 

     

    

 

 

 

IN WITNESS WHEREOF, the Parties
hereto have duly executed this Agreement as of the date first above written.

 

	PROVIDER: New York Tech Capital Inc.	 	GIGACRYPTO:	 
	 	 	 	 	 	 
	By:	/s/ Hon Man Yun
	 	By:	/s/ Chad DeFelice
	Name:	Hon Man Yun
	 	Name:	Chad DeFelice
	Title:	CEO	 	Title:	Member and General Counsel

 

    
	Hosting & Colocation Services	7

 

     

    

 

 

 

Exhibit A

Statement of Work

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