Document:

CSC
Leasing Company

MASTER
EQUIPMENT LEASE

 

Agreement
No. 15063

 

This
MASTER EQUIPMENT LEASE AGREEMENT (Master Lease) is entered into upon this, twenty-second day of September 2015, by and between
CSC Leasing Company, a Virginia corporation having offices at 6806 Paragon Place, Suite 170, Richmond, Virginia 23230 (Lessor)
and BTCS Inc., a Nevada Corporation having principal offices at 1901 N Moore St., Suite 700, Arlington VA 22209, (Lessee).

 

1.DEFINITIONS:

 

(a)The
Equipment means the equipment, machines, devices, features, and other items listed in each equipment lease Schedule (collectively
“Schedule”) executed pursuant hereto and hereby made a part hereof.

 

(b)The
Vendor means the manufacturer or vendor under whose name the Equipment is sold, as may be shown in each schedule.

 

(c)The
Commencement Date means the date that the initial term of the lease related to an individual Schedule begins. If the Acceptance
Date of the Equipment under a Schedule is the first day of the month, the Commencement Date shall be the Acceptance Date; otherwise,
the Commencement Date shall be the first day of the month following the Acceptance Date.

 

(d)The
Installation and Acceptance Date means the date the Lessee certifies that the Equipment has been installed, is in working order,
and has been accepted by the Lessee. Lessee shall execute a Certificate of Installation and Acceptance verifying Lessee’s
acceptance of the Equipment as of the Installation Date (“Acceptance Certificate”).

 

(e)The
Secured Party shall mean a third party lender who holds a security interest or lien against a pledged asset, such as the Equipment
being leased under this Agreement.

 

(f)The
Advanced Payment(s) shall mean those payments made by the Lessee as a Security Deposit in advance of the commencement of a Schedule.
“Advanced Payments” or “Security Deposit” shall have the same meaning in this Master Lease, Schedule,
or any other documents communicated to the Lessee.

 

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(g)An
Extension means an agreement (Schedule) between the Lessee and Lessor to continue the lease of Equipment, on an expiring Schedule,
past its Initial Term, at an agreed Basic Rent, for a specified lease term.

 

(h)The
Fair Market Value means the price of the Equipment that the Lessor believes to be reasonable and is willing to accept in the ordinary
course of business, and that the Lessee is willing to pay.

 

(i)The
Buyout means the purchase by the Lessee of Equipment on a Schedule(s) at the end of the Initial Term, Extension, or successor
term or terms, at the then Fair Market Value offered by the Lessor.

 

2.LEASE
OF EQUIPMENT: Lessor agrees to lease to Lessee and Lessee agrees to lease from Lessor, in accordance with the terms and conditions
of this Master Lease and applicable Schedules, all Equipment in Schedule(s) which is (are) or may from time to time be executed
pursuant to this Master Lease. Each Schedule shall incorporate by reference all terms and conditions of this Master Lease except
as provided herein together with such other terms or amendments, which may be specified in such Schedule, and together with this
Master Lease, each Schedule shall individually constitute the lease (Lease) for the Equipment specified in such Schedule. A Lease
shall not become effective until an applicable Schedule is executed by both Lessee and Lessor. The Schedule(s) shall take precedence
over this Master Lease in the event of conflicts.

 

3.TERM
OF LEASE: The term of this Master Lease shall commence on the date set forth above and shall continue in effect thereafter until
the later of such time as it is terminated as provided herein or the termination of all Schedules executed pursuant to this Master
Lease. The initial term for each Schedule shall commence on the Commencement Date and shall continue for the number of full months
set forth in such Schedule (Initial Term). Notice of Lessee’s termination of each Schedule shall be provided to Lessor in
writing at least three (3) months prior to the expiration of the Initial Term of such Schedule or the expiration of any Extension
or successor term or terms. In the event that Lessee’s written notice is not received by Lessor as specified herein, the
terms of the lease related to such Schedule shall be extended for additional three (3) month periods at the then existing Basic
Rental until terminated. Any notice of termination by Lessee may not be revoked without the consent of Lessor.

 

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 4. RENTAL:

 

(a)Lessee
shall pay to Lessor as rental for the Equipment leased under each Schedule the Basic Rental set forth in such Schedule. The Basic
Rental shall be due and payable in advance on or before the first day of each month after receipt of an invoice by Lessee from
Lessor or Lessor’s assignee. If the Acceptance Date does not fall on the first day of a month, the payment for the first
partial month will be prorated on the basis of the days in the partial month, due and payable ten (10) days after the receipt
of an invoice. Except for invoices relating to partial months, invoices shall be sent to Lessee by first class mail, postage prepaid,
or by email, on or before the 15th day of the month preceding that for which the Basic Rental is due to afford Lessee
sufficient time to process the invoice for timely payment on the first day of the subsequent month. In the event Lessee does not
make timely payment of any Basic Rental or other monies due hereunder, Lessee shall be liable to Lessor for a late payment
fee of the greater of thirty five dollars ($35.00) or five percent (5%) of the past due balance from the date due thereof, and
shall pay such amount promptly to Lessor or Lessor’s assignee. Lessee shall have a five (5) day grace period before incurring
late payment fees.

 

(b)In
addition to the Basic Rental, Lessee shall pay to Lessor an amount equal to all taxes, if any, paid, payable or required to be
collected by Lessor, however designated, which are levied or based on this transaction, the Basic Rental, this Master Lease, and/or
the Equipment or its use, lease, sale, operation, control or value, including, without limitation, state and local sales and privilege
taxes, or amounts in lieu thereof paid or payable by Lessor in respect of the foregoing, but excluding only federal and state
income taxes and such other taxes as based on the income of the Lessor. Personal Property taxes, if any, with respect to the Equipment,
shall be filed with the appropriate authorities by Lessor, and paid by Lessee. If Lessee does not make timely payments to Lessor
or directly to any taxing authority (when prior approval to do such has been granted by Lessor) then Lessee shall be liable for
any penalties, interest and other charges in respect of said taxes. Notwithstanding anything hereinabove to the contrary, Lessee
shall not be required to pay any tax, levy or assessment in respect of this Master Lease or the Equipment so long as Lessee, in
good faith, shall contest the validity thereof by appropriate legal proceedings. Lessee agrees that if such a proceeding is instituted,
upon the final decision thereon, or upon the discontinuance thereof, Lessee will forthwith pay such taxes, levies or assessments
as are determined to be owing, together with all costs, interest and penalties attached thereto, and all damages and costs, including
all attorneys fees reasonably incurred by Lessor as a result of said transaction. Lessee may contest any such taxes in Lessor’s
name, and Lessor agrees, upon written request and at the sole expense of Lessee, to cooperate with Lessee in the prosecution of
any such contest.

 

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Notwithstanding
anything to the contrary, Lessee shall be given a reasonable time within which to pay said taxes as invoiced by Lessor.

 

5.OWNERSHIP
AND INSPECTION: The Equipment shall at all times remain the property of Lessor and remain personal property notwithstanding the
manner in which it may be attached or affixed to realty, and Lessee acknowledges and agrees that it does not and shall not obtain
any title to the Equipment by virtue of the execution of this Master Lease or by payment or performance hereunder, unless so specified
in a Schedule or other agreement. At Lessor’s request, Lessee will affix tags, decals, or plates to the Equipment showing
Lessor’s ownership. Lessor or its agent shall have free access to the Equipment upon prior notice and during normal business
hours for the purpose of inspection and for any other purpose contemplated in this Master Lease. Lessee shall immediately notify
Lessor concerning any claim of damage or loss arising out of the use, manufacture, functioning or operation of the Equipment.
Lessee shall keep the Equipment free and clear of all liens, encumbrances and claims of any kind and nature.

 

 6. WARRANTIES:

 

(a)Lessor
hereby assigns to Lessee all manufacturers warranties and indemnities applicable to the Equipment to the extent such are assignable,
and hereby authorize Lessee to obtain any services furnished in connection therewith. Lessor shall execute such documents of assignment
as Lessee may reasonably request in connection therewith. Lessee shall reassign such manufacturer’s warranties and indemnities
to Lessor upon the expiration or termination of this Master Lease or the applicable Schedule and execute such documentation as
may be required to effect such reassignment. To the extent such warranties and indemnities are not assignable, Lessor hereby appoints
Lessee as its agent to enforce the same.

 

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(b)LESSOR
MAKES NO REPRESENTATIONS OR WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO THOSE WITH RESPECT TO THE
CONDITION OR PERFORMANCE OF THE EQUIPMENT, ITS MERCHANT ABILITY OR FITNESS FOR A PARTICULAR PURPOSE, OR WITH RESPECT TO PATENT
INFRINGEMENT OR THE LIKE. LESSOR IS NOT RESPONSIBLE FOR ANY REPAIRS OR SERVICE TO OR DEFECTS IN THE EQUIPMENT OR THE OPERATION
THEREOF.

 

(c)Lessor
shall have no liability to Lessee for any claim, loss or damage of any kind or nature whatsoever, nor shall there be any abatement
of rental for any reason, including without limitation any abatement arising out of or in connection with, whether directly, indirectly,
incidentally or consequentially, (i) the Equipment, (ii) any deficiency or defect therein, (iii) any inadequacy of the Equipment
for any purpose, (iv) the use, performance, or loss of service of the Equipment, or (v) any loss of business resulting from any
of the foregoing.

 

(d)Lessee
will defend, protect, indemnify and hold Lessor and any Secured Party harmless against any and all losses, damages, injuries,
claims, demands, liabilities, costs, and expenses, including reasonable attorneys fees, arising out of or in connection with use,
possession or operation of the Equipment, except for any loss or damage caused by the willful fault or negligence of Lessor.

 

(e)The
indemnities and assumptions of liabilities shall continue in full force and effect notwithstanding the termination of this Master
Lease, whether by time or otherwise.

 

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7.INSURANCE:
The risk of loss of, damage to or destruction of the Equipment shall be borne by Lessee. Lessee shall obtain and maintain for
the entire term of this Master Lease, at its own expense, insurance against loss or damage to the Equipment, including, without
limitation, loss by fire and hazard (including so-called “all risks and extended coverage”), and theft, in such amounts
that shall not be, at any point in time, less than the greater of the full costs that the Lessee would be obligated to pay to
replace the Equipment (“Replacement Value”) or the agreed amount that the Lessee is obligated to pay in the event
that the leased Equipment is lost or irreparably damaged at any point in time during the lease period (“Stipulated Loss
Value”) and that is further specified in the Lease Schedule, where such is required, and attached hereto by reference. Additionally,
should the Master Lease incorporate Schedules that include vehicles, Lessee shall be required to obtain and maintain certain additional
liability insurance provisions that shall be specified in the respective Schedule(s). In the event that the Equipment shall be
or become lost, stolen, destroyed, irreparably damaged, or shall be requisitioned or taken over by any governmental authority
under the power of eminent domain or otherwise during the term of this Master Lease (any such occurrence being herein called a
Casualty Occurrence), Lessee shall promptly notify Lessor. On the payment date for Basic Rental next succeeding the Casualty Occurrence,
Lessee shall pay to Lessor an amount equal to the Basic Rental due on such date and any other rentals or sums then currently or
past due related to such Schedule, plus an amount equal to the Replacement Value of the Equipment or the Stipulated Loss Value
of the Equipment where specified in the Schedule, at which time the Schedule for such equipment shall be terminated and no further
rent shall be due from Lessee. If the loss exceeds any applicable deductible and Lessee files a claim for the Casualty Occurrence
in accordance with insurer’s policy terms and proper filing is evidenced to Lessor, Lessee may continue to pay the Basic
Rental and other sums due under the Master Lease and defer paying the Replacement Value or Stipulated Loss Value of the Equipment
until the insurer pays the insurance claim to the loss payees or rejects it. In any settlement under this paragraph 7, Lessee
shall be entitled to a credit, (not to exceed the fair market value or Stipulated Loss Value actually paid by the Lessee), for
the amount of any proceeds of any insurance or award actually received by Lessor or the Secured Party on account of the Casualty
Occurrence. Lessee shall be the named insured and Lessor and Secured Party shall be named as additional insured and/or loss payees
under such policies of insurance Lessor’s and any Secured Party’s interest may appear. The Lessee and/or its insurance
broker shall endeavor to give Lessor and any Secured Party at least 30 days prior written notice of any alteration in terms of
such policy or of the cancellation thereof. Lessee shall furnish to Lessor and any Secured Party a certificate of insurance or
other evidence reasonably satisfactory to Lessor and Secured Party that such insurance coverage is in effect; provided, however,
that Lessor and any Secured Party shall be under no duty either to ascertain the existence of or to examine any such insurance
policy or to advise Lessee in the event such insurance coverage shall not comply with the requirements hereof.

 

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8.ASSIGNMENT
BY LESSOR: Lessor may at any time and from time to time, without consent of Lessee, assign, sell, or encumber, whether absolute
or as collateral security for indebtedness of Lessor, all or any part of this Master Lease, the Equipment, and the rental payments
hereunder. In the event of any such assignment, the assignee or Secured Party shall have all of Lessor’s rights and obligations
hereunder, and upon written notice to Lessee by Lessor or by any assignee or Secured Party with a written assignment from Lessor,
Lessee shall unconditionally pay directly to such assignee or Secured Party all rental and other sums due or to become due under
the Master Lease. The rights of any such assignee or Secured Party shall not be subject to any abatement, set-off defense or counterclaim
which Lessee may have against Lessor prior to assignment. Notwithstanding the foregoing, any such assignment(s) (i) shall be subject
to Lessee’s right to quiet use and enjoyment of the Equipment so long as Lessee is not in default under this Master Lease,
and (ii) shall not release any of Lessor’s obligations hereunder, or any claim, which Lessee has against Lessor.

 

 9. MAINTENANCE AND REPAIRS:

 

(a)Lessee
shall at all times during the term of the lease for each Schedule, at its own expense, maintain and keep the Equipment in good
working order, repair, and condition, and make all necessary adjustments, repair, and replacements, and shall use and require
each piece of Equipment to be used in a manner consistent with the warranty and contract maintenance program provided by the Vendor
of the Equipment.

 

(b)Lessor
shall have no responsibilities or obligations whatsoever with respect to the condition, operation, maintenance, or repair of the
Equipment.

 

10.LEASE
TERMINATION OPTIONS AND REDELIVERY OF EQUIPMENT TO LESSOR: At the termination of the lease for each Schedule, Lessee shall have
the option to Buyout, either in part or in full, the Equipment on the expiring Schedule(s); extend the Schedule for a specified
term at the then Fair Market Value if the Lessee is in good standing with Lessor; or deliver possession of the Equipment to Lessor
as detailed below. Lessee must declare its intent in accordance with the other terms and conditions as specified in Section 3
of this Master Lease agreement.

 

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(a)Lessee
shall return the Equipment to Lessor in the same operating order, repair, condition, and appearance as on the date of the commencement
of the lease for such Equipment, reasonable wear and tear accepted.

 

(b)Lessee
shall, at the end of the last business day of each lease and at Lessee’s sole expense, tender the Equipment, packed in a
manner suitable for truck transportation at the then present location of the Equipment. Such properly packed Equipment to be tendered
shall be as complete as reasonably possible, including cables, racks, doors, and manuals.

 

(c)Lessee
shall be solely responsible and liable for and shall pay directly all transportation, insurance, rigging, drayage, packing, installation,
de-installation, disconnection charges and other items of like nature incurred in connection with this Master Lease, including
without limitation all reasonable costs and expenses incurred with respect to delivering the Equipment to Lessor’s designated
location in the continental United States of America and insurance on the Equipment in route upon the termination of the applicable
Schedule.

 

11.DEFAULT:
Lessee shall have the right to quiet use and enjoyment of the Equipment provided that Lessee is not in default hereunder. Any
of the following events (hereinafter called Event of Default) shall constitute default under a Schedule, upon the occurrence so
stated:

 

(a)The
failure by Lessee to pay the Basic Rental or other monies due upon their due date and within five (5) days after receipt of written
notice thereof from Lessor or Secured Party; or

 

(b)Default
by Lessee in the performance of any other material term, provision or covenant of this Master Lease as it relates to such Schedule,
and Lessee fails to cure such default within thirty (30) days after receipt of written notice thereof from Lessor or Secured Party;
or,

 

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(c)If
any representation or warranty made by Lessee in such Schedule or the Master Lease or in any document or certificate furnished
to Lessor or Secured Party in connection therewith shall prove to be incorrect at any time in any material respect, unless Lessee
can properly make such representation or warranty within ten (10) days after receipt of written notice thereof from Lessor or
Secured Party; or,

 

(d)Immediately
and without notice from Lessor, if any of the following events occur either voluntarily to or by the Lessee or any guarantor of
Lessee’s obligations hereunder: if Lessee or guarantor makes an assignment for the benefit of creditors, or if either is
named as a debtor in a petition in bankruptcy in the U.S. Bankruptcy Code, as amended, or, there is an admission by Lessee or
guarantor in writing of its inability to pay its debts as they become due, or the filing by Lessee or guarantor of a voluntary
petition in bankruptcy or any other petition or answer seeking for itself any reorganization, liquidation, dissolution, receivership,
insolvency, or any other debtor relief generally under any present or future law, statute, or regulation, or the filing of any
answer by Lessee or guarantor admitting, or the failure of Lessee or guarantor to deny, the material allegations of a petition
filed against it for any such relief; or the adjudication of Lessee or guarantor as bankrupt or insolvent; or the seeking or consenting
to or acquiescence in, by Lessee or guarantor, of the appointment of a trustee, receiver, or liquidator of Lessee, guarantor,
or the property of either party; or,

 

(e)Upon
thirty (30) days, and without notice from Lessor, after (i) the commencement of any proceeding against Lessee or guarantor seeking
any reorganization, liquidation, dissolution, receivership, insolvency or any other debtor relief generally under any present
or future law, statute, or regulation, unless Lessee or guarantor obtains dismissal of such proceeding within the thirty (30)
days; or (ii) the appointment, without the consent or acquiescence of Lessee or guarantor, of any trustee, receiver, or liquidator
of Lessee, guarantor, or the property of either party, unless Lessee or guarantor is able to vacate such appointment within the
thirty (30) days.

 

(f)At
the option of Lessor or Secured Party and upon written notice of cross-default from either the default by Lessee or guarantor
under any Schedule.

 

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12.REMEDIES:
Upon the occurrence of any Event of Default, Lessor, at its option, may declare the Schedule and such other Schedules as the Lessor
or Secured Party, at its option, may select, in default and exercise one or more of the following remedies (Remedies), each without
any presentment, demand, protest, or further notice, (all of which are hereby expressly waived by Lessee): (i) terminate this
Master Lease and/or the lease related to the Schedule declared in default and terminate Lessee’s rights there under; and/or
(ii) proceed by appropriate suit action or other proceeding, at law or in equity, to enforce payment and performance by Lessee
of its covenants and other obligations under this Master Lease and the applicable Schedule, or to recover from Lessee or any and
all guarantors, all damages and expenses, including without limitation, reasonable attorney’s fees which Lessor or Secured
Party shall have sustained by reason of Lessee’s default or in the enforcement of the Remedies hereunder; and/or (iii) recover
all amounts due on or before the date Lessor or Secured Party declared the applicable Schedule in default, plus, upon written
notice from Lessor or Secured Party, such party may accelerate the obligations of the Lessee under the Lease related to each Schedule
in default and shall cause Lessee (and Lessee agrees that it will) to pay as liquidated damages for loss of the bargain and not
as a penalty the greater of (x) the sum of all unpaid Basic Rentals that, absent a default, would have been payable thereunder
for the full term of such Lease plus any other obligations due or accrued hereunder, (including without limitation interest accruing
at the maximum rate allowed by law from the date of notice to the date of payment), plus the then Fair Market Value of the Equipment
leased under the Schedule in Default, such Fair Market Value to be determined by an independent appraiser selected by Lessor and
Secured Party, with such appraisal to be binding upon Lessor, Secured Party, and Lessee, and any guarantor; or (y) the sum of
all unpaid Basic Rentals that, absent a default, would have been payable thereunder for the full term of such Lease plus any other
obligations due or accrued hereunder, (including without limitation interest accruing at the maximum rate allowed by law), and/or
(iv) cause Lessee (and Lessee agrees that it will), upon written demand by Lessor or Secured Party, and at expense of Lessee,
to promptly return any or all Equipment leased under the Schedule or Schedules in Default in accordance with Section 10 of this
Master Lease, or Lessor or Secured Party may, personally or by its agent, at its option and without any legal process, enter upon
the premises where such Equipment is located and take immediate possession of and remove the same. The exercise of the Remedies
by Lessor or Secured Party shall not constitute a termination of this Master Lease or any Schedule unless Lessor so notifies Lessee
in writing.

 

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13.DISPOSITION
OF EQUIPMENT UPON REPOSSESSION: In the event that Lessor or Secured Party repossesses the Equipment under Section 12 above, Lessor
or Secured Party may (a) lease the Equipment or any portion thereof, in such manner, for such time and upon such term(s) as Lessor
may reasonably determine or (b) sell the Equipment, or any portion thereof, at one or more public or private sales, in such a
manner, and at such times and upon such terms as Lessor may reasonably determine. In the event that Lessor leases any such Equipment,
any rentals received by Lessor for the Remaining Lease Term(s) (the period ending on the date when the Initial Term or any subsequent
or renewal term for the Equipment would have expired if an Event of Default had not occurred) for such Equipment shall be applied
to the payment of

 

(i)all
costs and expenses (including reasonable attorneys fees) incurred by Lessor in retaking possession of, and removing, storing,
repairing, and leasing such Equipment, and (ii) the rentals for the remainder of the Initial Term and all other sums then remaining
unpaid under this Agreement. The balance of such rentals, if any, shall be applied first to reimburse Lessee for any sums previously
paid by Lessee as liquidated damages, and any remaining amounts shall be retained by Lessor. All rentals received by Lessor for
the period commencing after the expiration of the Remaining Lease Term(s) shall be retained by Lessor. Lessee shall remain liable
to Lessor to the extent that the aggregate amount of the sums referred to in clause (i) and

 

(ii)above
shall exceed the aggregate rentals received by Lessor under such leases for the respective Remaining Lease Term(s) applicable
to the Equipment covered by such leases. In the event that Lessor shall sell or otherwise dispose of (other than pursuant to a
lease) any such Equipment, the proceeds thereof shall be applied to the payment of (i) all costs and expenses (including reasonable
attorneys fees) incurred by Lessor in retaking possession of, and removing, storing, repairing, refurbishing and selling or otherwise
disposing of such Equipment, (ii) the rentals accrued under this Agreement but unpaid up to the time of such sale or other disposition,

 

 (iii) any and all other sums (other than rentals) then owing to Lessor by Lessee hereunder, and

 

(iv)the
Stipulated Loss Value of such Equipment determined as of the date of such sale or other disposition. The balance of such proceeds,
if any, shall be applied first to reimburse Lessee for any sums previously paid by Lessee as liquidated damages, and any remaining
amounts shall be retained by Lessor. Lessee shall remain liable to Lessor to the extent that the aggregate amount of the sums
referred to in clauses (i) through (iv) above shall exceed the aggregate proceeds received by Lessor in connection with the sale
or disposition of the Equipment.

 

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14.SUBLEASE
AND ASSIGNMENT: Lessee may sublease the Equipment, or may assign its rights hereunder, in whole or in part, only with the prior
written consent of Lessor and any Secured Party, which consent will not be unreasonably withheld, and shall be given or not within
fifteen (15) days of written notice thereof by Lessee. In any such case, Lessee shall nevertheless remain fully liable hereunder
and, in requesting the prior written consent, shall provide copies of any sublease or assignment, together with all related documents,
to Lessor and Secured Party.

 

 15. MISCELLANEOUS:

 

(a)General.
Lessor and Lessee acknowledge that there are no agreements or understandings, written, oral, or implied, between Lessor and Lessee
with respect to the Equipment, other than as set forth herein and in each Schedule, and that collectively this Master Lease and
all Schedules executed pursuant hereto set forth the entire agreement between Lessor and Lessee with respect thereto. Any titles
or captions contained herein are for convenience only, and shall not be deemed part of the context of this Master Lease. Neither
this Master Lease nor any Schedule may be altered, modified, terminated or discharged except by further written agreement executed
by both parties and the Secured Party. Any terms and conditions of any purchase order or other document submitted by Lessee in
connection with this Master Lease which is not executed by Lessor and which is in addition to or inconsistent with the terms and
conditions herein shall not be binding upon Lessor and shall not apply to this Master Lease. It is further agreed that the foregoing
Lease supersedes all prior understandings, proposals and agreements relating to the Equipment for the Master Lease.

 

(b)No
Waiver. No omission or delay by Lessor or Secured Party at any time to enforce any right or remedy reserved to it, or to require
performance of any of the terms covenants, or provisions hereof by Lessee at any time designated, shall be a waiver of any such
right or remedy to which Lessor or Secured Party is entitled, nor shall it in any way affect the right of Lessor or Secured Party
to enforce such provisions thereafter.

 

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(c)Binding
Nature. Each Schedule shall be binding upon, and shall inure to the benefit of, Lessor, Lessee and their respective successors,
legal representatives and assigns.

 

(d)Survival
of Obligations. All agreements, representations and warranties contained in this Master Lease, any Schedule, or in any document
executed pursuant hereto or in connection herewith shall be for the benefit of Lessor and any assignee or Secured Party, or the
Lessee where approved by Lessor, and shall survive the execution and delivery of this Master Lease and the expiration or other
termination of this Master Lease.

 

(e)
Return of Security Deposit. At the end of the Initial Term, or Extension thereof, the Lessee may return the Equipment as
provided for in Paragraph 10, or Buyout the Equipment at the then Fair Market Value. If the Lessee’s Schedule has not
been in Default during the term of the lease and Lessee has no outstanding obligations to Lessor at the end of the Initial
Term or Extension, and Lessee has returned the Equipment in accordance with the Master Lease, Lessor shall return the
Security Deposit for the Schedule to the Lessee, or apply the Security Deposit to the Buyout requested and accepted by the
Lessee. A Security Deposit shall not be applied to any other outstanding obligations for the Schedule, due to Lessor by
Lessee at the end of the Initial Term or Extensions thereof.

 

(f)Notices.
Any notice, instruction, or consent to either party by the other which should or may be given hereunder shall be in writing and
only shall be deemed received upon the earlier of receipt or three days after mailing if mailed postage prepaid by registered
or certified mail at the address for such party set forth or at such changed address as may be subsequently submitted by written
notice of either party.

 

(g)Applicable
Law. This Master Lease has been and each Schedule will have been made, executed and delivered in the Commonwealth of Virginia
and shall be governed and construed in all respects by the laws of such state.

 

(h)Service
of Process. Each party agrees that service of any process, summons, notice or document by U.S. registered mail to such party’s
respective address set forth above shall be effective service of process for any action, suit or proceeding.

 

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(i)WAIVER
OF JURY TRIAL. EACH PARTY HEREBY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT TO ANY LAWSUIT OR OTHER
JUDICIAL PROCEEDING ASSERTING ANY CAUSE OF ACTION OR CLAIM ARISING OUT OF OR RELATING TO THIS MASTER LEASE OR THE
TRANSACTIONS OR DOCUMENTS CONTEMPLATED IN THIS MASTER LEASE. EACH PARTY (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO
ENTER INTO THIS MASTER LEASE BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 15(H), (C)
REPRESENTS THAT IT HAS BEEN REPRESENTED BY COUNSEL AND ADVISED OF THE MEANING OF WAIVING ITS RIGHT TO A TRIAL BY JURY AND (D)
REPRESENTS THAT IT IS KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVING ITS RIGHT TO A TRIAL BY JURY.

 

(j)Venue.
The parties agree that the sole and exclusive jurisdiction for any legal action, suit, or proceedings arising out of this Master
Lease or concerning its interpretation, suit, or proceedings arising out of this Master Lease or concerning its interpretation,
construction, application, or enforcement shall be a state or federal court of competent jurisdiction for the County of Henrico,
Virginia (hereinafter, the “Proper Courts”). The parties hereby irrevocably agree to submit to the jurisdiction of
all of the Proper Courts for the purpose of any legal action, suit, or proceedings arising out of this Master Lease or concerning
legal action, suit, or proceedings arising out of this Master Lease or concerning its interpretation, construction, application,
or enforcement. To the extent permitted by law, the parties further hereby agree to waive and not to assert as a defense in any
action, suit, or proceeding covered by this Section 15(i) that (1) any of the Proper Courts cannot exercise personal jurisdiction
over a party; (2) any party is immune from extraterritorial injunctive relief or other injunctive relief; (3) any action, suit,
or proceeding covered by this Section 15(i) may not be maintained in any of the Proper Courts; (4) any action, suit or proceeding
covered by this Section 15(i) brought in any of the Proper Courts should be dismissed or transferred on the grounds of forum non
conveniens; (5) any action, suit or proceeding covered by this Section 15(i) should be stayed by the pendency of any other action,
suit, or proceeding in any court or tribunal other than the Proper Courts, or (6) this Master Lease may not be enforced in or
by any of the Proper Courts.

 

    	Page 14 of 15

     

    

 

(k)Severability.
In the event any one or more of the provisions of this Master Lease and/or any Schedule for any reason shall be or become prohibited
or unenforceable in any jurisdiction, such provision shall not invalidate or render unenforceable such provision in any other
jurisdiction.

 

(l)Further
Assurances. Lessee, upon execution of this Master Lease and thereafter upon execution of each Equipment Schedule, shall provide
Lessor financial statements and other such documentation as Lessor may reasonably request.

 

IN
WITNESS WHEREOF, Lessor and Lessee have caused this Master Lease to be executed in their respective names by their duly appointed
officers below as of the date first written above.

 

	Lessor:
    CSC Leasing Company	 	Lessee:
    BTCS Inc.
	 	 	 
	By:
    	 	 	By:	 
	 	John
    E. Corey, President	 	 	Charles
    W. Allen, CEO

 

    	Page 15 of 15

     

    

 

CERTIFICATE
OF INCUMBENCY

 

I,
Michal Handerhan, COO of BTCS Inc., a Nevada Corporation, (the “Corporation”), do hereby certify that the following
was duly elected to the office set forth opposite his/her name, is incumbent in such office as of the date hereof, is authorized
to execute on behalf of the Corporation lease agreements and other contractual agreements with CSC Leasing Company, effective
beginning September 22, 2015, and that the signature appearing opposite his/her name is the genuine signature of such person.

 

	Name	 	Title	 	Signature
	Charles
    W. Allen	 	CEO	 	_______________________________________

 

IN
WITNESS WHEREOF, the undersigned has hereunto set his/her hand of the aforesaid Corporation as of 

___________________,
2015.

      (date
of signing)

 

	 	 
	 	Michal
    Handerhan, COO

 

    	Page 1 of 1Exhibit 10.1

 

 

ASSET PURCHASE AGREEMENT

 

BETWEEN

 

BEHRINGER HARVARD SHORT-TERM OPPORTUNITY LIQUIDATING
TRUST,

a Delaware statutory trust

 

AS SELLER

 

AND

 

BEHRINGER HARVARD ADVISORS II LP,

a Texas limited partnership

AS PURCHASER

 

 

     

     

    

 

Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

THIS ASSET PURCHASE AGREEMENT
(“Agreement”) is entered into as of December 16 2015 (the “Effective Date”) between BEHRINGER
HARVARD SHORT-TERM OPPORTUNITY LIQUIDATING TRUST, a Delaware statutory trust (“Seller”), and BEHRINGER HARVARD
ADVISORS II LP, a Texas limited partnership (“Purchaser”).

 

ARTICLE
I

PURCHASE AND SALE

 

1.1           Agreement
of Purchase and Sale. In consideration of the covenants set forth in this Agreement, Seller agrees to sell to Purchaser, and
Purchaser agrees to purchase from Seller, for the Purchase Price (as hereinafter defined) and on the terms and conditions set forth
herein, the following:

 

(a)          all
of Seller’s right, title and interest in and to that certain Earnout and Services Agreement dated as of January 18, 2012
by and between Seller (as successor in interest to Behringer Harvard Short-Term Opportunity Fund I LP) and Billingsley ML 5050,
Ltd. (as successor in interest to the other Billingsley signatories thereto) (the “Earnout Agreement”) with
respect to that certain office building located at 5050 Quorum Drive, Dallas, Texas 75254, together will all liabilities and obligations
thereunder (all of such rights and liabilities being collectively called the “Assigned Rights and Obligations”
and together with the Earnout Agreement, the “Assets” or the “Property”)..

 

1.2           Purchase
Price. The purchase price for the Assets shall be $ $1,145,325, the amount determined pursuant to the provisions of Exhibit A
attached hereto and made a part hereof (“Purchase Price”).

 

1.3           Payment
of Purchase Price. The Purchase Price shall be payable in full at Closing in cash by wire transfer of immediately available
federal funds to a bank account designated by Seller in writing to Purchaser prior to the Closing.

 

1.4           Use
of Purchase Price Proceeds. The parties agree that the proceeds from payment of the Purchase Price shall be used by Seller
to immediately repay obligations of Seller under that certain Fifth Amended and Restated Promissory Note dated March 29, 2011,
as modified to date, made by Seller in favor of Behringer Harvard Holdings, LLC, an affiliate of Purchaser.

 

ARTICLE
II

CLOSING

 

2.1           Time
and Place. The consummation of the purchase and sale of the Assets (“Closing”) shall take place at the office
of the Purchaser on the date hereof (the “Closing Date”). At Closing, Seller and Purchaser shall perform the
obligations set forth in, respectively, section 2.2 and section 2.3 below, the performance of which obligations shall be concurrent
conditions.

 

2.2           Seller’s
Obligations at Closing. At Closing, Seller shall:

 

(a)          join
with Purchaser in the execution and acknowledgment of an Assignment, Acceptance and Assumption Agreement (the “Assignment
Agreement”); and

 

    	Purchase Agreement	Page 1

     

    

 

Exhibit 10.1

 

(b)          deliver
to Purchaser the original Earnout Agreement.

 

2.3           Purchaser’s
Obligations at Closing. At Closing, Purchaser shall:

 

(a)          pay
to Seller the Purchase Price in cash or immediately available funds; and

 

(b)          join
with Seller in execution of the Assignment Agreement.

 

2.4           Closing
Costs. All costs and expenses incident to this transaction and the closing thereof shall be paid by the party incurring same.

 

ARTICLE
III

REPRESENTATIONS, WARRANTIES, AND COVENANTS

 

3.1           Representations
and Warranties of Seller. As of the Effective Date, Seller represents and warrants to Purchaser as follows:

 

(a)          Seller
has all requisite power and authority to execute and deliver this Agreement, and to carry out its obligations hereunder and the
transactions contemplated hereby. The consummation by Seller of the sale of the Assets is not in violation of, or in conflict with,
nor does it constitute a default under, any term or provision of the organizational documents of Seller, or any of the terms of
any agreement or instrument to which Seller is or may be bound, or of any applicable law or of any provision of any applicable
order, judgment or decree of any court, arbitrator or governmental authority.

 

(b)          The
Escrow Agreement is in full force and effect and no default on the part of Seller or any other party thereto exists or has been
alleged to exist.

 

3.2           Representations
and Warranty of Purchaser. Purchaser hereby represents and warrants to Seller that Purchaser has the full right, power and
authority to enter into this Agreement and to carry out Purchaser’s obligations hereunder, and to perform all of its obligations
under this Agreement, and the execution and delivery of this Agreement and the performance by Purchaser of its obligations under
this Agreement requires no further action or approval of Purchaser’s partners or of any other person in order to constitute
this Agreement as a binding and enforceable obligation of Purchaser.

 

3.3           Survival
of Representations. The representations, warranties and covenants made by Seller and Purchaser in the foregoing provisions
of this Article 3 shall be continuing and shall survive Closing. In no event shall the either be entitled to recover from the other
party any punitive, consequential or speculative damages.

 

ARTICLE
IV

MISCELLANEOUS

 

4.1           Broker.
Seller and Purchaser each hereby agree to indemnify and hold the other harmless from all loss, cost, damage or expense (including
reasonable attorney’s fees) incurred by the other as a result of any claim arising out of the acts of the indemnifying party
(or others on its behalf) for a commission, finder’s fee or similar compensation made by any broker, finder or any party
who claims to have dealt with such party. The foregoing representations and warranties contained in this section shall survive
the Closing.

 

    	Purchase Agreement	Page 2

     

    

 

Exhibit 10.1

 

4.2           Assignment.
Purchaser shall have the right to assign its rights under this Agreement without the consent of Seller.

 

4.3           Notice.
All notices required or permitted hereunder shall be in writing and shall be served on the parties at the following address:

 

		If to Seller:	Behringer Harvard Short-Term Opportunity Liquidating
Trust

Attention: Chief Financial Officer

15601 Dallas Parkway, Suite 600

Addison, Texas 75001

 

		If to Purchaser:	Behringer Harvard Advisors II LP

Attention: Chief Legal Officer

15601 Dallas Parkway, Suite 600

Addison, Texas 75001

 

Any such notices shall be either (a) sent by
certified mail, return receipt requested, in which case notice shall be deemed delivered upon deposit, postage prepaid in the U.S.
mail, or (b) sent by a nationally recognized overnight courier, in which case it shall be deemed delivered one business day after
deposit with such courier, or (c) delivered by hand delivery, in which case it shall be deemed delivered upon receipt, or (d) sent
by facsimile, in which case it shall be deemed to be delivered upon actual receipt at the specified facsimile number, as evidenced
by machine-generated proof of transmission. The above addresses may be changed by written notice to the other party; provided,
however, that no notice of a change of address shall be effective until actual receipt of such notice. Copies of notices are for
informational purposes only, and a failure to give or receive copies of any notice shall not be deemed a failure to give notice.

 

4.4           Time
of Essence. Time is of the essence of this Agreement.

 

4.5           Counterparts.
This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together
shall constitute one and the same instrument.

 

4.6           Captions.
The captions in this Agreement are inserted for convenience of reference and in no way define, describe or limit the scope or intent
of this Agreement or any of the provisions hereof.

 

4.7           Binding
Effect. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective legal representatives,
successors and permitted assigns.

 

4.8           Entire
Agreement; Modifications. This Agreement contains the entire agreement between the parties relating to the transactions contemplated
hereby and all prior or contemporaneous agreements, understandings, representations or statements, oral or written, are superseded
hereby. No waiver, modification amendment, discharge or change of this Agreement shall be valid unless the same is in writing and
signed by the party against which the enforcement of such modification, waiver, amendment discharge or change is sought.

 

4.9           Partial
Invalidity. Any provision of this Agreement which is unenforceable or invalid or the inclusion of which would affect the validity,
legality or enforcement of this Agreement shall be of no effect, but all the remaining provisions of this Agreement shall remain
in full force and effect.

 

    	Purchase Agreement	Page 3

     

    

 

Exhibit 10.1

 

4.10        Limited
Liability. Purchaser agrees that it does not have and will not have any claims or causes of action against any disclosed or
undisclosed officer, director, employee, trustee, shareholder, partner, principal, parent, subsidiary or other affiliate of Seller,
or any officer, director, employee, trustee, shareholder, partner or principal of any such parent, subsidiary or other affiliate
(collectively, “Seller’s Affiliates”), arising out of or in connection with this Agreement or the transactions
contemplated hereby. Purchaser agrees to look solely to Seller and its assets for the satisfaction of any liability or obligation
arising under this Agreement or the transactions contemplated hereby. The provisions of this section 4.10 shall survive the termination
of this Agreement and the Closing.

 

4.11        No
Third Party Rights. Nothing in this Agreement, express or implied, is intended to confer upon any person, other than the parties
hereto and their respective successors and assigns, any rights or remedies under or by reason of this Agreement.

 

4.12        Further
Assurances. Both Seller and Purchaser agree that it will without further consideration execute and deliver such other documents
and take such other action, whether prior or subsequent to Closing, as may be reasonably requested by the other party to consummate
more effectively the transactions contemplated hereby.

 

4.13        Construction.
The parties acknowledge that the parties and their counsel have reviewed and revised this Agreement and that the normal rule of
construction to the effect that any ambiguities are to be resolved against the drafting party shall not be employed in the interpretation
of this Agreement or any exhibits or amendments hereto.

 

4.14        Applicable
Law. THIS AGREEMENT SHALL IN ALL RESPECTS BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE SUBSTANTIVE FEDERAL LAWS OF
THE UNITED STATES AND THE LAWS OF THE STATE OF TEXAS. PURCHASER HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY STATE OR
FEDERAL COURT SITTING IN DALLAS COUNTY, TEXAS, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND HEREBY
IRREVOCABLY AGREES THAT ALL CLAIMS IN RESPECT OF SUCH ACTION OR PROCEEDING SHALL BE HEARD AND DETERMINED IN A STATE OR FEDERAL
COURT SITTING IN DALLAS COUNTY, TEXAS. IF EITHER PARTY SHALL EMPLOY AN ATTORNEY TO ENFORCE OR DEFINE THE RIGHTS OF SUCH PARTY HEREUNDER,
THE PREVAILING PARTY SHALL BE ENTITLED TO RECOVER FROM THE NON-PREVAILING PARTY ALL OF ITS REASONABLE EXPENSES, INCLUDING REASONABLE
ATTORNEYS’ FEES. PURCHASER AND SELLER AGREE THAT THE PROVISIONS OF THIS SECTION SHALL SURVIVE THE CLOSING OF THE TRANSACTION
CONTEMPLATED BY THIS AGREEMENT.

 

4.15        Exhibits.
The following exhibit attached hereto (herein sometimes being referred to as “Exhibit”) shall be deemed to be
an integral part of this Agreement:

 

Exhibit A          Determination
of Purchase Price

 

[SIGNATURES FOLLOW ON NEXT
PAGE]

 

    	Purchase Agreement	Page 4

     

    

 

Exhibit 10.1

 

IN WITNESS WHEREOF, the
parties hereto have executed this Agreement as of the day and year first above written.

 

	 	SELLER:
	 	 
	 	Behringer Harvard Short-Term Opportunity Liquidating Trust, a Delaware statutory trust
	 	 
	 	By:	Behringer Harvard Advisors II LP, a Texas limited partnership, its managing trustee
	 	 	 	 
	 	 	 	 
	 	 	By: 	                  
	 	 	Name:
	 	 	Title:

 

	 	PURCHASER:
	 	 
	 	BEHRINGER HARVARD ADVISORS II LP,
	 	a Texas limited partnership
	 	 	 
	 	 	 
	 	By:	                     
	 	Name:
	 	Title:

 

    	Purchase Agreement	Signature Page

     

    

 

Exhibit 10.1

 

EXHIBIT A

 

DETERMINATION OF PURCHASE PRICE

 

1.          General
Purpose. The purpose of the valuation procedure set forth below is to determine the Purchase Price to be inserted into Section
1.4 of this Agreement. Prior to commencing the valuation procedure, all factual information called for in this Agreement shall
be inserted into the appropriate blanks, except for the amount of the Purchase Price.

 

2.          Fair
Market Value. The amount of the Purchase Price shall be based upon the Fair Market Value of the Property, determined as hereinafter
set forth. As used herein, the term “Fair Market Value” means the most probable price which the Property should
bring in a competitive and open market under all conditions requisite to a fair sale, the buyer and seller each acting prudently
and knowledgeably, and assuming the price is not affected by undue stimulus. In determining Fair Market Value, it should be assumed
that the Property will be conveyed from Seller to Purchaser under conditions whereby: (a) Seller and Purchaser are typically motivated;
(b) both parties are well informed or well advised, each acting in its own best interest; (c) a reasonable time is allowed for
exposure in the open market; (d) payment is made in terms of cash in U. S. dollars; and (e) the price represents the normal consideration
for the Property unaffected by special or creative financing or sales concessions granted by anyone associated with the sale.

 

3.          Appraisers.
For purposes hereof, the term “Appraiser” means a real estate appraiser who (a) holds an MAI designation issued
by the American Institute of Real Estate Appraisers, (b) has at least ten (10) years of experience in appraising properties similar
to the Property in the same market area as the Property, and (c) is employed by a nationally or regionally recognized real estate
firm that offers valuation services. Without limiting the companies that may qualify as “nationally or regionally recognized
real estate firms that offer valuation services,” it is specifically agreed that the following firms (or their respective
successors) qualify as such: (a) CB Richard Ellis, Inc.; (c) Cushman and Wakefield, Inc.; (d) Grubb and Ellis Company; (e) Jones
Lang LaSalle; (f) Land America Valuation Corporation and (g) HVS International.

 

4.          Property
Marketed. If the Property has been actively marketed through a nationally or regionally recognized real estate brokerage firm
(as defined below) for at least sixty (60) days prior to the execution of this Agreement, then promptly after the execution of
this Agreement a senior officer of a nationally or regionally recognized real estate brokerage firm shall be asked to select an
Appraiser within such officer’s company to act hereunder. Within thirty (30) days after the Appraiser is appointed, the Appraiser
shall prepare a written appraisal of the Fair Market Value of the Property in accordance with the current Uniform Standards of
Professional Appraisal Practice (“USPAP”) promulgated by the Appraisal Standards Board of the Appraisal Foundation
in Washington, D.C. The Purchase Price shall be equal to the greater of (i) the Fair Market Value set forth in the appraisal prepared
by such Appraiser, or (ii) if one or more bona fide written offers (each a “Prior Offer”) have been received
for the Property within six (6) months prior to the execution of this Agreement, including during such sixty (60) day active marketing
period, the amount of the highest such Prior Offer. For purposes hereof, an offer to purchase the Property shall be regarded as
a “bona fide written offer” only if it is an executed letter of intent (which need not be binding) to purchase
the Property which sets forth the material terms of the offer. Without limiting the companies that may qualify as “nationally
or regionally recognized real estate brokerage firms,” it is specifically agreed that the following firms (or their respective
successors) qualify as such: (a) CAPSTAR Commercial Real Estate Services; (b) CB Richard Ellis, Inc.; (c) Cushman and Wakefield,
Inc.; (d) Grubb and Ellis Company; (e) Jones Lang LaSalle; (f) The Staubach Company; and (g) Stream Realty Partners, L.P.

 

    	 	Exhibit A – Page 1	 

     

    

 

Exhibit 10.1

 

5.          Property
Not Marketed. If the Property has not been actively marketed through a nationally or regionally recognized real estate brokerage
firm for at least sixty (60) days prior to the execution of this Agreement, then promptly after the execution of this Agreement
a senior officer from each of two (2) nationally or regionally recognized real estate brokerage firms shall be asked to select
an Appraiser within such officer’s company to act hereunder. Within thirty (30) days after the two (2) Appraisers are appointed,
each Appraiser shall independently prepare a written appraisal of the Fair Market Value of the Property in accordance with USPAP.
The Purchase Price shall be equal to the greater of (i) the average of the Fair Market Value set forth in the appraisals prepared
by such Appraisers, or (ii) if one or more Prior Offers for the Property have been received within six (6) months prior to the
execution of this Agreement, the amount of the highest such Prior Offer.

 

6.          Confirmation
of Purchase Price. After the amount of the Purchase Price has been determined as set forth above, Seller and Purchaser shall
confirm such amount in a written supplement to this Agreement.

 

    	 	Exhibit A – Page 2

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