Document:

Exhibit 10.6

 

PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT

 

THIS
PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, dated as of [•], 2021 (as it may from time to time be amended, this “Agreement”),
is entered into by and among Nabors Energy Transition Corp., a Delaware corporation (the “Company”), and each
of the parties set forth on the signature page hereto under “Purchasers” (the “Purchasers”).

 

WHEREAS, the Company intends
to consummate an initial public offering of the Company’s units (the “Public Offering”), each unit consisting
of one share of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”),
and one-third of one redeemable warrant as set forth in the Company’s registration statement on Form S-1, filed with the Securities
and Exchange Commission (the “SEC”), File Number 333-[●] (the “Registration Statement”),
under the Securities Act of 1933, as amended (the “Securities Act”). Each whole warrant entitles the holder
to purchase one share of Common Stock at an exercise price of $11.50 per share. The Purchasers have agreed to purchase an aggregate of
5,333,333 warrants (or up to 5,833,333 warrants if the over-allotment option in connection with the Public Offering is exercised in full)
(the “Private Placement Warrants”), each whole Private Placement Warrant entitling the holder to purchase one
share of Common Stock at an exercise price of $11.50 per share.

 

NOW THEREFORE, in consideration
of the mutual promises contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties to this Agreement hereby, intending legally to be bound, agree as follows:

 

AGREEMENT

 

Section 1.               Authorization, Purchase and Sale; Terms of the Private Placement Warrants.

 

A.            Authorization of the Private Placement Warrants. The Company has duly authorized the issuance and sale of the Private Placement
Warrants to the Purchasers.

 

B.             Purchase and Sale of the Private Placement Warrants.

 

(i)            On the date that is one business day prior to the date of the consummation of the Public Offering or on such earlier time and date
as may be mutually agreed by the Purchasers and the Company (the “Initial Closing Date”), the Company shall
issue and sell to the Purchasers, and the Purchasers shall purchase from the Company, the number of Private Placement Warrants set forth
opposite such Purchaser’s name on Exhibit A to this Agreement at a price of $1.50 per warrant for an aggregate purchase price of
$8,000,000 (the “Purchase Price”). The Purchasers shall pay the Purchase Price set forth opposite such Purchaser’s
name on Exhibit A to this Agreement by wire transfer of immediately available funds in accordance with the Company’s wiring instructions.
On the Initial Closing Date, upon the payment by the Purchasers of the Purchase Price, the Company, at its option, shall deliver a certificate
evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser’s name to each of the Purchasers,
or effect such delivery in book-entry form.

 

(ii)           On
the date that is one business day prior to the date of the consummation of the closing of the over-allotment option in connection with
the Public Offering or on such earlier time and date as may be mutually agreed by the Purchasers and the Company (each such date, an
 “Over-allotment Closing Date,” and each Over-allotment Closing Date (if any) and the Initial Closing Date being
sometimes referred to herein as a “Closing Date”), the Company shall issue and sell to the Purchasers, and
the Purchasers shall purchase from the Company, the number of Private Placement Warrants set forth opposite such Purchaser’s name
on Exhibit A to this Agreement at a price of $1.50 per warrant for an aggregate purchase price of up to $750,000 (if the over-allotment
option in connection with the Public Offering is exercised in full) (the “Over-allotment Purchase Price”).
The Purchasers shall pay the Over-allotment Purchase Price set forth opposite such Purchaser’s name on Exhibit A to this Agreement
by wire transfer of immediately available funds in accordance with the Company’s wiring instructions. On the Over-allotment Closing
Date, upon the payment by the Purchasers of the Over-allotment Purchase Price, the Company shall, at its option, deliver a certificate
evidencing the Private Placement Warrants purchased on such date duly registered in the Purchaser’s name to each of the Purchasers,
or effect such delivery in book-entry form.

 

     

     

    

 

C.             Terms of the Private Placement Warrants.

 

(i)              Each Private Placement Warrant shall have the terms set forth in a Private Warrant Agreement to be entered into by the Company
and a warrant agent in connection with the Public Offering (the “Warrant Agreement”).

 

(ii)            
At the time of the closing of the Public Offering, the Company and the Purchasers shall enter into a registration rights agreement
(the “Registration Rights Agreement”) pursuant to which the Company will grant certain registration rights to
the Purchasers relating to the Private Placement Warrants and the shares of Common Stock underlying the Private Placement Warrants.

 

Section 2.              Representations
and Warranties of the Company. As a material inducement to the Purchasers to enter into this Agreement and purchase the Private Placement
Warrants, the Company hereby represents and warrants to the Purchasers (which representations and warranties shall survive each Closing
Date) that:

 

A.           
Incorporation and Corporate Power. The Company is a corporation duly organized, validly existing and in good standing under
the laws of the State of Delaware and is qualified to do business in every jurisdiction in which the failure to so qualify would reasonably
be expected to have a material adverse effect on the financial condition, operating results or assets of the Company. The Company possesses
all requisite corporate power and authority necessary to carry out the transactions contemplated by this Agreement and the Warrant Agreement.

 

B.             Authorization;
No Breach.

 

(i)              
The execution, delivery and performance of this Agreement and the Private Placement Warrants have been duly authorized by the Company
as of the Closing Date. This Agreement constitutes the valid and binding obligation of the Company, enforceable in accordance with its
terms, subject to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating
to or affecting creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law). Upon
issuance in accordance with, and payment pursuant to, the terms of the Warrant Agreement and this Agreement, the Private Placement Warrants
will constitute valid and binding obligations of the Company, enforceable in accordance with their terms as of the Closing Date, subject
to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting
creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

 

(ii)            
The execution and delivery by the Company of this Agreement and the Private Placement Warrants, the issuance and sale of the Private
Placement Warrants, the issuance of the shares of Common Stock upon exercise of the Private Placement Warrants and the fulfillment of
and compliance with the respective terms hereof and thereof by the Company, do not and will not as of the Closing Date (a) conflict with
or result in a breach of the terms, conditions or provisions of, (b) constitute a default under, (c) result in the creation of any lien,
security interest, charge or encumbrance upon the Company’s capital stock or assets under, (d) result in a violation of or (e) require
any authorization, consent, approval, exemption or other action by or notice or declaration to, or filing with, any court or administrative
or governmental body or agency pursuant to the amended and restated certificate of incorporation or bylaws of the Company (as each is
in effect as of the Closing Date) or any material law, statute, rule or regulation to which the Company is subject, or any agreement,
order, judgment or decree to which the Company is subject, except for any filings required after the date hereof under federal or state
securities laws.

 

C.             Title
to Securities. Upon issuance in accordance with, and payment pursuant to, the terms hereof and the Warrant Agreement, the shares
of Common Stock issuable upon exercise of the Private Placement Warrants will be duly and validly issued, fully paid and non-assessable.
On the date of issuance of the Private Placement Warrants, the shares of Common Stock issuable upon exercise of the Private Placement
Warrants shall have been reserved for issuance in accordance with the terms of this Agreement. Upon issuance in accordance with, and
payment pursuant to, the terms hereof and the Warrant Agreement, each Purchaser will have good title to the Private Placement Warrants
purchased by such Purchaser and the shares of Common Stock issuable upon exercise of such Private Placement Warrants, free and clear
of all liens, claims and encumbrances of any kind, other than (i) transfer restrictions hereunder and any transfer restrictions described
in the Registration Statement, (ii) transfer restrictions under federal and state securities laws and (iii) liens, claims or encumbrances
imposed due to the actions of such Purchaser.

 

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D.             Governmental Consents. No permit, consent, approval or authorization of, or declaration to or filing with, any governmental
authority is required in connection with the execution, delivery and performance by the Company of this Agreement or the consummation
by the Company of any other transactions contemplated hereby.

 

Section 3.               Representations
and Warranties of the Purchasers. As a material inducement to the Company to enter into this Agreement and issue and sell the Private
Placement Warrants to the Purchasers, each Purchaser hereby, severally and not jointly, represents and warrants to the Company (which
representations and warranties shall survive each Closing Date) that:

 

A.            Organization and Requisite Authority. Such Purchaser possesses all requisite power and authority necessary to carry out
the transactions contemplated by this Agreement.

 

B.              Authorization; No Breach.

 

(i)              
This Agreement constitutes a valid and binding obligation of such Purchaser, enforceable in accordance with its terms, subject
to bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other laws of general applicability relating to or affecting
creditors’ rights and to general equitable principles (whether considered in a proceeding in equity or law).

 

(ii)            
The execution and delivery by such Purchaser of this Agreement and the fulfillment of and compliance with the terms hereof by such
Purchaser does not and shall not as of each Closing Date conflict with or result in a breach by such Purchaser of the terms, conditions
or provisions of any agreement, instrument, order, judgment or decree to which such Purchaser is subject.

 

C.             
Investment Representations.

 

(i)             Such
Purchaser is acquiring the Private Placement Warrants and, upon exercise of the Private Placement Warrants, the shares of Common Stock
issuable upon such exercise (collectively, the “Securities”), for such Purchaser’s own account, for investment
purposes only and not with a view towards, or for resale in connection with, any public sale or distribution thereof.

 

(ii)           
Such Purchaser is an “accredited investor” as such term is defined in Rule 501(a)(3) of Regulation D under the Securities
Act.

 

(iii)           Such Purchaser understands that the Securities are being offered and will be sold to it in reliance on specific exemptions from
the registration requirements of the United States federal and state securities laws and that the Company is relying upon the truth and
accuracy of, and such Purchaser’s compliance with, the representations and warranties of such Purchaser set forth herein in order
to determine the availability of such exemptions and the eligibility of such Purchaser to acquire such Securities.

 

(iv)           Such Purchaser did not decide to enter into this Agreement as a result of any general solicitation or general advertising within
the meaning of Rule 502(c) of Regulation D under the Securities Act.

 

(v)           
Such Purchaser has been furnished with all materials relating to the business, finances and operations of the Company and materials
relating to the offer and sale of the Securities which have been requested by such Purchaser. Such Purchaser has been afforded the opportunity
to ask questions of the executive officers and directors of the Company. Such Purchaser understands that its investment in the Securities
involves a high degree of risk and it has sought such accounting, legal and tax advice as it has considered necessary to make an informed
investment decision with respect to the acquisition of the Securities.

 

(vi)           Such Purchaser understands that no United States federal or state agency or any other government or governmental agency has passed
on or made any recommendation or endorsement of the Securities or the fairness or suitability of the investment in the Securities by such
Purchaser nor have such authorities passed upon or endorsed the merits of the offering of the Securities.

 

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(vii)         
 Such Purchaser understands that: (a) the Securities have not been and are not being registered under the Securities Act or any
state securities laws, and may not be offered for sale, sold, assigned or transferred unless (1) subsequently registered thereunder or
(2) sold in reliance on an exemption therefrom; (b) except as specifically set forth in the Registration Rights Agreement, neither the
Company nor any other person is under any obligation to register the Securities under the Securities Act or any state securities laws
or to comply with the terms and conditions of any exemption thereunder; and (c) Rule 144 adopted pursuant to the Securities Act will not
be available for resale transactions of Securities prior to a Business Combination and may not be available for resale transactions of
Securities after a Business Combination.

 

(viii)       
Such Purchaser has such knowledge and experience in financial and business matters, knows of the high degree of risk associated
with investments in the securities of companies in the development stage such as the Company, is capable of evaluating the merits and
risks of an investment in the Securities and is able to bear the economic risk of an investment in the Securities in the amount contemplated
hereunder for an indefinite period of time. Such Purchaser has adequate means of providing for its current financial needs and contingencies
and will have no current or anticipated future needs for liquidity which would be jeopardized by the investment in the Securities. Such
Purchaser can afford a complete loss of its investment in the Securities.

 

Section 4.             
Conditions of the Purchasers’ Obligations. The obligations of the Purchasers to purchase and pay for the Private
Placement Warrants are subject to the fulfillment, on or before each Closing Date, of each of the following conditions:

 

A.             Representations and Warranties. The representations and warranties of the Company contained in Section 2 shall
be true and correct at and as of such Closing Date as though then made.

 

B.             Performance.
The Company shall have performed and complied with all agreements, obligations and conditions contained in this Agreement that are required
to be performed or complied with by it on or before such Closing Date.

 

C.             No
Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted, entered,
promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization having
authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this Agreement
or the Warrant Agreement.

 

D.             Warrant Agreement. The Company shall have entered into a Warrant Agreement with a warrant agent on terms satisfactory to
the Purchasers.

 

Section 5.               Conditions
of the Company’s Obligations. The obligations of the Company to the Purchasers under this Agreement are subject to the fulfillment,
on or before each Closing Date, of each of the following conditions:

 

A.             Representations and Warranties. The representations and warranties of the Purchasers contained in Section 3
shall be true and correct at and as of such Closing Date as though then made.

 

B.             Performance. The Purchasers shall have performed and complied with all agreements, obligations and conditions contained
in this Agreement that are required to be performed or complied with by the Purchasers on or before such Closing Date.

 

C.             Corporate
Consents. The Company shall have obtained the consent of its Board of Directors authorizing the execution, delivery and performance
of this Agreement and the Warrant Agreement and the issuance and sale of the Private Placement Warrants hereunder.

 

D.             No Injunction. No litigation, statute, rule, regulation, executive order, decree, ruling or injunction shall have been enacted,
entered, promulgated or endorsed by or in any court or governmental authority of competent jurisdiction or any self-regulatory organization
having authority over the matters contemplated hereby, which prohibits the consummation of any of the transactions contemplated by this
Agreement or the Warrant Agreement.

 

E.             Warrant
Agreement. The Company shall have entered into a Warrant Agreement with a warrant agent on terms satisfactory to the Company.

 

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Section 6.               Termination. This Agreement may be terminated at any time after [●], 2021 upon the election by either the Company
or each Purchaser upon written notice to the other parties if the closing of the Public Offering does not occur prior to such date.

 

Section 7.               Survival of Representations and Warranties. All of the representations and warranties contained herein shall survive
each Closing Date.

 

Section 8.               Definitions. Terms used but not otherwise defined in this Agreement shall have the meaning assigned to such terms in
the Registration Statement.

 

Section 9.              
Miscellaneous.

 

A.            Successors
and Assigns. Except as otherwise expressly provided herein, all covenants and agreements contained in this Agreement by or on behalf
of any of the parties hereto shall bind and inure to the benefit of the respective successors of the parties hereto whether so expressed
or not. Notwithstanding the foregoing or anything to the contrary herein, the parties may not assign this Agreement, other than assignments
by the Purchasers to affiliates thereof (including, without limitation, one or more of its members).

 

B.             Severability.
Whenever possible, each provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable
law, but if any provision of this Agreement is held to be prohibited by or invalid under applicable law, such provision shall be ineffective
only to the extent of such prohibition or invalidity, without invalidating the remainder of this Agreement.

 

C.             Counterparts. This Agreement may be executed simultaneously in two or more counterparts, none of which need contain the
signatures of more than one party, but all such counterparts taken together shall constitute one and the same agreement. Delivery of a
signed counterpart of this Agreement by facsimile or electronic transmission shall constitute valid and sufficient delivery thereof.

 

D.             Descriptive
Headings; Interpretation. The descriptive headings of this Agreement are inserted for convenience only and do not constitute a substantive
part of this Agreement. The use of the word “including” in this Agreement shall be by way of example rather than by limitation.

 

E.             Governing Law. This Agreement shall be deemed to be a contract made under the laws of the State of New York and for all
purposes shall be construed in accordance with the internal laws of the State of New York.

 

F.             Amendments.
This Agreement may not be amended, modified or waived as to any particular provision, except by a written instrument executed by all
parties hereto.

 

[Signature Page Follows]

 

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IN
WITNESS WHEREOF, the parties hereto have executed this Agreement to be effective as of the date first set forth above.

 

	 	COMPANY:
	 	 
	 	NABORS ENERGY TRANSITION CORP.
	 	 
	 	By:	
	 	Name:	Anthony G. Petrello
	 	Title:	 President, Chief Executive Officer, Secretary and Director

 

	 	PURCHASERS:
	 	 
	 	NABORS LUX 2 S.A.R.L.
	 	 
	 	By:	
	 	Name:	Anthony G. Petrello
	 	Title:	President and Chief Executive Officer

 

	 	 
	 	Anthony G. Petrello

 

	 	 
	 	William J. Restrepo

 

	 	 
	 	John Yearwood

 

[Signature Page to Private Placement Warrants
Purchase Agreement]

 

     

     

    

 

Exhibit A

 

	Name	 	Number of Private Placement
 Warrants if Over-
 Allotment Option is
 Not Exercised	 	 	Purchase Price if
 Over-Allotment
 Option is Not
 Exercised	 	 	Number of
 Private Placement
 Warrants if
 Over-Allotment
 Option is
 Exercised in
 Full	 	 	Purchase Price
 if Over-
 Allotment
 Option is
 Exercised in
 Full	 
	Nabors Lux 2 S.a.r.l.	 	 	 	 	 	$		 	 	 	 	 	 	$		 
	Anthony G. Petrello	 	 	 	 	 	$		 	 	 	 	 	 	$		 
	William J. Restrepo	 	 	 	 	 	$		 	 	 	 	 	 	$		 
	John Yearwood	 	 	 	 	 	$		 	 	 	 	 	 	$		 
	Totals:	 	 	5,333,333	 	 	$	8,000,000	 	 	 	5,833,333	 	 	$	8,750,000Exhibit 10.1

 

[****] Certain information in this exhibit has been
omitted pursuant to Item 601(b)(10)(iv) of Regulation S-K because it is both (i) not material and (ii) would likely cause competitive
harm to the registrant if publicly disclosed.

 

 

 

SHARE PURCHASE AGREEMENT

Share Purchase Agreement (this "Agreement")
dated June 4, 2021 (the "Closing Date") between Riot Blockchain Inc. (the "Vendor") and Mogo Inc. (the
"Purchaser", together with the Vendor, the "Parties", each being a "Party").

RECITALS

		(a)	The Vendor is the registered and beneficial owner of 2,188,532 common shares of Coinsquare Ltd. ("Coinsquare").

		(b)	The Vendor wishes to sell and the Purchaser wishes to purchase 2,188,532 common shares of Coinsquare upon
the terms contained in this Agreement (the "Acquisition").

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

Section 1           
Purchase and Sale

Upon the terms set forth in this Agreement,
at Closing (as defined in the succeeding sentence), the Vendor agrees to sell, assign and transfer to the Purchaser and the Purchaser
agrees to purchase and acquire from the Vendor 2,188,532 common shares in the capital of Coinsquare (the "Purchased Shares").
The Parties agree that the consummation of the transactions contemplated under this Agreement (the "Closing") shall occur
simultaneously with the signing of this Agreement on the Closing Date.

Section 2           
Purchase Price

		(1)	The purchase price payable by the Purchaser to the Vendor for the Purchased Shares is CAD$21,885,320 (the
"Purchase Price") or CAD$10 per Purchased Share.

		(2)	The Purchase Price will be paid and satisfied by the Purchaser through the issuance of 2,288,972 Mogo
Shares (as defined below) (the "Consideration Shares") at a deemed issue price of CAD$9.5612 per Mogo Share, such price
being equal to the volume weighted average trading price of the common shares in the capital of the Purchaser (the "Mogo Shares")
on the Toronto Stock Exchange ("TSX") for the five trading days immediately prior to the Closing Date.

Section 3           
Payment of the Purchase Price

		(1)	Purchaser will issue 762,991 Consideration Shares to the Vendor on each of the following dates (and if
such date is not a business day, then on the next subsequent business day): (i) at Closing on the Closing Date; and (ii) the 1-month anniversary
date of the Closing Date; and Purchaser will issue 762,990 Consideration Shares to the Vendor on the 2-month anniversary date of the Closing
Date (and if such date is not a business day, then on the next subsequent business day).

		(2)	Purchaser shall issue the Consideration Shares to the Vendor so that, at issuance, (a) the Vendor (i)
is the registered holder of the Consideration Shares on the books and records of the Purchaser, (ii) is the legal and beneficial owner
of the Consideration Shares and (iii) has good and valid legal title to the Consideration Shares, free and clear of all liens, charges,
pledges, security interests, encumbrances or restrictions, and (b) such Consideration Shares are freely tradable by Vendor without restriction.

 

    	  

    	 

    

 

Section 4           
Transfer and Status of the Purchased Shares

		(1)	At Closing, Vendor shall (a) transfer good and valid title to the Purchased Shares, free and clear of
all liens, charges, pledges, security interests and other encumbrances, other than those restrictions on transfer, if any, contained in
the constating documents of Coinsquare and the Coinsquare Shareholders Agreement (as defined below) (the "Coinsquare Share Restrictions")
and (b) as set forth in Section 10(1)(c), execute and deliver instruments of transfer and conveyance satisfactory to Purchaser to transfer
the Purchased Shares to Purchaser's wholly-owned subsidiary Mogo Financial Inc.

		(2)	The Vendor acknowledges that the Purchased Shares are not, and will not be on the Closing Date, "taxable
Canadian property" of the Vendor within the meaning of the Income Tax Act (Canada) because the Purchased Shares have not,
do not, and will not, derive, directly or indirectly, at any time during the 60-month period ending on the Closing Date, more than 50%
of their fair market value from one or any combination of (a) real or immovable property situated in Canada, (b) Canadian resource properties,
(c) timber resource properties, and (d) options in respect of, or interests in, or civil law rights in, property described in any of (a)
to (c), whether or not the property exists, as those terms are defined in the Income Tax Act (Canada).

Section 5           
Vendor's Representations and Warranties

The Vendor represents and warrants as follows
to the Purchaser at the date of this Agreement and acknowledges and confirms that the Purchaser is relying upon such representations and
warranties in connection with the purchase of the Purchased Shares:

		(a)	Incorporation and Qualification. The Vendor is a corporation duly formed and validly existing under
the laws of its jurisdiction of incorporation and its principal place of business is in Colorado, U.S.A. The Vendor has the corporate
power to enter into and perform its obligations under this Agreement.

		(b)	Corporate Authority. The execution and delivery of and performance by the Vendor of this Agreement
and the consummation of the transactions contemplated by this Agreement have been authorized by all necessary corporate action on the
part of the Vendor. The transfer of the Purchased Shares as contemplated hereunder has been undertaken in compliance with the current
shareholders agreement of Coinsquare (the "Coinsquare Shareholders' Agreement").

		(c)	No Violation or Breach. The execution and delivery of and performance by the Vendor of this Agreement:

		(i)	will not (or would not with the giving of notice, the lapse of time or the happening of any other event
or condition) result in a breach or violation of or a conflict with, or allow any other person to exercise any rights under, any of the
terms or provisions of the Vendor's constating documents or by-laws;

		(ii)	will not (or would not with the giving of notice, the lapse of time or the happening of any other event
or condition) result in a breach or violation of or a conflict with, or allow any other person to exercise any rights under any contracts
or instruments to which the Vendor is a party;

		(iii)	does not and will not result in a breach of, or cause the termination or revocation of, any authorization
held by the Vendor in connection with the ownership of the Purchased Shares; and

 

    	  

    	 

    

 

		(iv)	will not result in the violation of any law.

		(d)	Authorizations and Consents. Except for any required filings under applicable securities exchange
policies and securities laws, there is no requirement on the part of the Vendor to make any filing with or give any notice to any governmental
entity or body, or obtain any order, permit, approval, waiver, license or similar authorization from any governmental entity or body,
in connection with the completion of the transactions contemplated by this Agreement, except for the requirements set out in Section 8(1)
of the Coinsquare Shareholders' Agreement (the "Coinsquare ROFO Rights"), such requirements having been compiled with
in full by the Vendor.

		(e)	Execution and Binding Obligation. This Agreement has been duly executed and delivered by the Vendor
and constitutes a legal, valid and binding agreement of the Vendor enforceable against it in accordance with its terms subject only to
any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and other laws of general application
affecting the enforcement of creditors' rights, and (ii) the discretion that a court may exercise in the granting of equitable remedies
such as specific performance and injunction;

		(f)	No Other Agreements to Purchase. Except for the Purchaser's right under this Agreement and the
Coinsquare ROFO Rights, no person has any written or oral agreement, option or warrant or any right or privilege (whether by law, pre-emptive
or contractual) capable of becoming such for the purchase or acquisition from the Vendor of any of the Purchased Shares.

		(g)	Title to Purchased Shares. The Purchased Shares are owned by the Vendor as the registered and beneficial
owner with a good title, free and clear of all liens, charges, pledges, security interests and other encumbrances other than the Coinsquare
Share Restrictions.

		(h)	Litigation. There are no claims, actions, suits, grievances, arbitrations, investigations, audits,
proceedings or other alternative dispute resolution processes (whether judicial, administrative or otherwise) commenced, pending or, to
the Vendor's knowledge, threatened against the Vendor that would reasonably be expected to materially affect the transactions contemplated
by this Agreement.

		(i)	No Brokers. Neither the Vendor nor any of its representatives has incurred any liability or obligation
to any broker, agent, investment bank or other intermediary for any fee, commission or other similar payment in connection with the Acquisition.

Section 6           
As Is, Where Is

		(1)	The Purchaser expressly acknowledges that except for the limited representations and warranties contained
in Section 5, the Vendor is selling the Purchased Shares on an "as is, where is" basis as they shall exist as at the time
of Closing.

		(2)	No representation, warranty, statement, promise or condition is expressed or can be implied, statutory
or otherwise, as to encumbrances, description, fitness for purpose, merchantability, condition, quantity or quality, latent defects or
in respect of any other matter or thing whatsoever concerning the Purchased Shares or Coinsquare, or its business, assets or subsidiaries
(including without limitation in relation to any disclosures or statements by any person, the future or historical financial condition,
results of operations, prospects, assets or liabilities of Coinsquare, or its subsidiaries).

 

    	  

    	 

    

 

		(3)	Except as expressly provided in Section 5, no representation, warranty or condition has or will be
given by the Vendor and any and all other conditions, warranties or representations expressed or implied pursuant to any applicable law
in any jurisdiction are hereby waived in their entirety by Purchaser. Without limiting the generality of the foregoing, except as expressly
stated in Section 5, the Vendor has made no representations or warranty as to any regulatory approvals, licenses, permits, consents
or authorizations that may be needed to complete the transactions contemplated by this Agreement and Purchaser is relying entirely on
its own investigation, due diligence and inquiries in connection with such matters.

		(4)	All written and oral information obtained from Vendor, including without limitation in any document made
available to the Purchaser, with respect to the Purchased Shares, Coinsquare, its business, assets or its subsidiaries or their business
or assets (including without limitation in relation to any disclosures or statements by any person, the future or historical financial
condition, results of operations, prospects, assets or liabilities of Coinsquare or its subsidiaries), has been obtained for the convenience
of the Purchaser only, and Vendor has not made any representation or warranty, express or implied, statutory or otherwise as to the accuracy
or completeness of any such information. The Purchaser hereby further acknowledges and agrees that it is familiar with Coinsquare through
prior investment or business contacts and that none of the foregoing documents or information constitutes an offering memorandum as such
term is used in applicable securities laws.

		(5)	Except as expressly stated in Section 5, any information regarding or describing Coinsquare, its
businesses, assets or subsidiaries (including without limitation in relation to any disclosures or statements by any person, the future
or historical financial condition, results of operations, prospects, assets or liabilities of Coinsquare, or its subsidiaries), in this
Agreement, or in any other agreement or instrument contemplated hereby, is for identification purposes only, is not relied upon by the
Purchaser, and no representation, warranty or condition, express or implied, has or will be given by the Vendor, or any other person concerning
the completeness or accuracy of such information or descriptions.

		(6)	Except as otherwise expressly provided in this Agreement, the Purchaser hereby unconditionally and irrevocably
waives any and all actual or potential rights or claims the Purchaser might have against Vendor pursuant to any warranty, express or implied,
legal or conventional, of any kind or type, other than those representations and warranties of the Vendor expressly set forth in Section 5.
Such waiver is absolute, unlimited, and includes, but is not limited to, waiver of express warranties, implied warranties, warranties
of fitness for a particular use, warranties of merchantability, warranties of occupancy, strict liability and claims of every kind and
type, including claims regarding defects, whether or not discoverable or latent, product liability claims, or similar claims, and all
other claims that may be later created or conceived in strict liability or as strict liability type claims and rights.

Section 7           
Purchaser's Representations and Warranties

The Purchaser represents and warrants as follows
to the Vendor at the date of this Agreement and acknowledges and confirms that the Vendor is relying on such representations and warranties
in connection with the sale by the Vendor of the Purchased Shares:

		(a)	Incorporation and Qualification. The Purchaser is a corporation duly formed and validly existing
under the laws of its jurisdiction of incorporation and its principal place of business is in British Columbia. The Purchaser has the
corporate power to enter into and perform its obligations under this Agreement.

 

    	  

    	 

    

 

		(b)	Corporate Authority. The execution and delivery of and performance by the Purchaser of this Agreement
have been authorized by all necessary corporate action on the part of the Purchaser.

		(c)	No Violation or Breach. The execution and delivery of and performance by the Purchaser of this
Agreement:

		(i)	will not (or would not with the giving of notice, the lapse of time or the happening of any other event
or condition) result in a breach or violation of or a conflict with, or allow any other person to exercise any rights under, any of the
terms or provisions of the Purchaser's constating documents or by-laws;

		(ii)	will not (or would not with the giving of notice, the lapse of time or the happening of any other event
or condition) result in a breach or violation of or a conflict with, or allow any other person to exercise any rights under any contracts
or instruments to which the Purchaser is a party;

		(iii)	does not and will not result in a breach of, or cause the termination or revocation of, any authorization
held by the Purchaser in connection with the issuance of Mogo Shares (including without limitation the Consideration Shares); and

		(iv)	will not result in the violation of any law.

		(d)	Authorizations and Consents. Except for any required filings under applicable securities exchange
policies and securities laws, there is no requirement on the part of the Purchaser to make any filing with or give any notice to any governmental
entity or body, or obtain any order, permit, approval, waiver, license or similar authorization from any governmental entity or body,
in connection with the completion of the transactions contemplated by this Agreement.

		(e)	Execution and Binding Obligation. This Agreement has been duly executed and delivered by the Purchaser
and constitutes a legal, valid and binding agreement of the Purchaser enforceable against it in accordance with its terms subject only
to any limitation under applicable laws relating to (i) bankruptcy, winding-up, insolvency, arrangement and other laws of general application
affecting the enforcement of creditors' rights, and (ii) the discretion that a court may exercise in the granting of equitable remedies
such as specific performance and injunction.

		(f)	Issuance of the Consideration Shares. On each date that Consideration Shares are to be issued under
this Agreement, all necessary corporate action will have been taken by the Purchaser to validly issue such Consideration Shares as duly
authorized, fully paid and non-assessable common shares in the capital of the Purchaser, such Consideration Shares shall be duly authorized,
validly issued, fully paid and non-assessable common shares in the capital of Purchaser and the Vendor will be the registered holder of,
and will hold legal title to, such Consideration Shares, free and clear of all liens, charges, pledges, security interests and other encumbrances
or restrictions.

		(g)	Reporting Issuer Status. The Purchaser is a reporting issuer not in default under the securities
laws of each of the Provinces and Territories of Canada.

 

    	  

    	 

    

 

		(h)	Listing. The Mogo Shares are listed and posted for trading on the TSX and the Nasdaq Capital Market
(the "NASDAQ"), Mogo is in compliance in all material respects with the rules and regulations of the TSX and the NASDAQ.
No delisting, suspension of trading or cease trade or other order or restriction with respect to any securities of the Purchaser is pending,
in effect or, to the knowledge of the Purchaser, has been threatened, or is expected to be implemented or undertaken, and the Purchaser
is not subject to any formal or informal review, enquiry, investigation or other proceeding relating to such order or restriction. The
TSX and NASDAQ, if applicable, has conditionally approved the listing of the Consideration Shares issuable in connection with the Acquisition.
Purchaser shall not take any action that would cause, or fail to use commercially reasonable efforts to prevent, the Consideration Shares
not being freely tradable Mogo Shares.

		(i)	Free-trading. The Purchaser shall cause the Consideration Shares to be issued and delivered by
the Purchaser to the Vendor pursuant to this Agreement to be (i) issued and posted on the TSX and NASDAQ as free-trading Mogo Shares and
(ii) freely tradable by Vendor without restriction, in each case, as of their date of issuance.

		(j)	Securities Laws. The Purchaser is acquiring the Purchased Shares as principal and not as agent
and is acquiring the Purchased Shares for investment purposes only and not with a view to resale or distribution. The Purchaser is an
"accredited investor" within the meaning of applicable Canadian securities laws by virtue of meeting definition (m) thereof.

		(k)	Litigation. There are no claims, actions, suits, grievances, arbitrations, investigations, audits,
proceedings or other alternative dispute resolution processes (whether judicial, administrative or otherwise) commenced, pending or, to
the knowledge of the Purchaser, threatened against the Purchaser that would reasonably be expected to materially affect the transactions
contemplated by this Agreement.

		(l)	No Brokers. Neither the Purchaser nor any of its representatives has incurred any liability or
obligation to any broker, agent, investment bank or other intermediary for any fee, commission or other similar payment in connection
with the Acquisition.

Section 8           
Survival of Covenants, Representations and Warranties

		(1)	The representations and warranties of the Vendor contained in Section 5, and the covenants of the
Vendor contained in this Agreement and in any certificates or documents delivered pursuant to or in connection with the transactions contemplated
by this Agreement, shall survive the Closing and, notwithstanding such Closing, shall continue in full force and effect for the benefit
of the Purchaser without limitation of time, subject only to applicable limitation periods imposed by law.

		(2)	The representations and warranties of the Purchaser contained in Section 7, and the covenants of
the Purchaser in this Agreement and in any certificates or documents delivered pursuant to or in connection with the transactions contemplated
by this Agreement, shall survive the Closing and, notwithstanding such Closing, shall continue in full force and effect for the benefit
of the Vendor without limitation of time, subject only to applicable limitation periods imposed by law.

 

    	  

    	 

    

Section 9           
Indemnification

		(1)	Subject to the limitations set forth in this Section 9, the Vendor shall indemnify and save the Purchaser
harmless from any actual out-of-pocket losses, liabilities, claims, penalties, suits, actions, fines, judgments, awards, settlements,
assessments, taxes, costs, fees (including, but not limited to, reasonable investigation fees) and expenses (including, but not limited
to, reasonable attorneys' fees), excluding punitive, incidental, consequential or special damages and any damages based on any type of
multiple ("Losses"), suffered by the Purchaser as a result of:

		(a)	any breach of any representation or warranty of the Vendor contained in Section 5 of this Agreement;

		(b)	any breach of any covenant on the part of the Vendor contained in this Agreement or in any certificate
or document delivered pursuant to or contemplated by this Agreement; and

		(c)	any failure of the Vendor to transfer good and valid title to the Purchased Shares, free and clear of
all liens, charges, pledges, security interests, other encumbrances or restrictions of any kind, other than the Coinsquare Share Restrictions,
to the Purchaser, in accordance with the terms hereof.

		(2)	Subject to the limitations set forth in this Section 9, the Purchaser shall indemnify and save the
Vendor harmless from any Losses suffered by the Vendor as a result of:

		(a)	any breach of any representation or warranty of the Purchaser contained in Section 7 of this Agreement;

		(b)	any breach of any covenant on the part of Purchaser contained in this Agreement or in any certificate
or document delivered pursuant to or contemplated by this Agreement; and

		(c)	any failure of the Purchaser to issue freely tradable Consideration Shares, free and clear of all liens,
charges, pledges, security interests, other encumbrances or restrictions of any kind, to the Vendor, as the registered holder and legal
owner, with good and valid legal title, in accordance with the terms hereof.

		(3)	Limitations on Indemnification.

		(a)	The Vendor shall not be obligated to indemnify the Purchaser to the extent the cumulative amount of Losses
under Section 9(1) exceeds an aggregate ceiling equal to the Purchase Price that has been actually received by the Vendor; provided,
that, the foregoing limitation in this Section 9(3)(a) shall not apply to, and there shall be no limitation upon, any Losses arising
as a result of intentional fraud or willful misconduct on the part of the Vendor.

		(b)	The Purchaser shall not be obligated to indemnify the Vendor to the extent the cumulative amount of Losses
under Section 9(2) exceeds an aggregate ceiling equal to the Purchase Price; provided, that, the foregoing limitation in this Section 9(3)(b)
shall not apply to, and there shall be no limitation upon, any Losses arising as a result of intentional fraud or willful misconduct on
the part of the Purchaser.

		(4)	The Party entitled to indemnity under Section 9(1) or Section 9(2) (the "Indemnified
Person") shall promptly give written notice to the Party obligated to indemnify under such section (the "Indemnifying
Person") of any claim for indemnification pursuant to this Section 9 (a "Claim", which term shall include
more than one Claim). Such notice shall specify whether the Claim arises as a result of a claim by a person against the Indemnified Person
(a "Third Party Claim") or whether the Claim does not so arise (a "Direct Claim"), and shall also specify
with reasonable particularity (to the extent that the information is available):

 

    	  

    	 

    

 

		(a)	the factual basis for the Claim; and

		(b)	the amount of the Claim, or, if any amount is not then determinable, an approximate and reasonable estimate
of the likely amount of the Claim.

		(5)	With respect to any Direct Claim, following receipt of notice from the Indemnified Person of a Claim,
the Indemnifying Person shall have thirty (30) days to make such investigation of such Claim as the Indemnifying Person considers necessary
or desirable. For the purpose of such investigation, the Indemnified Person shall make available to the Indemnifying Person the information
relied upon by the Indemnified Person to substantiate such Claim. If the Indemnified Person and the Indemnifying Person agree at or prior
to the expiration of such 30-day period (or any mutually agreed upon extension thereof) to the validity and amount of such Claim, the
Indemnifying Person shall immediately pay to the Indemnified Person the full agreed upon amount of the Claim. If the Indemnifying Person
does not respond within such 30-day period, the Indemnifying Person shall be deemed to have rejected such Claim, in which case the Indemnified
Person shall be free to pursue such remedies as may be available to the Indemnified Person on the terms and subject to the provisions
of this Agreement. The fact that a Direct Claim is not disputed by the Indemnifying Person shall not constitute an admission or create
any inference that the asserted Direct Claim is valid for any purpose or that the Indemnifying Person has any indemnity obligation with
respect to such Direct Claim under this Section 9.

		(6)	With respect to any Third-Party Claim, the Indemnifying Person shall have the right, at its own expense,
to participate in or assume control of the negotiation, settlement or defence of such Third-Party Claim and, in such event, the Indemnifying
Person shall reimburse the Indemnified Person for all the Indemnified Person's out-of-pocket expenses incurred as a result of such participation
or assumption. If the Indemnifying Person elects to assume such control, the Indemnified Person shall cooperate with the Indemnifying
Person, shall have the right to participate in the negotiation, settlement or defence of such Third-Party Claim at its own expense and
shall have the right to disagree on reasonable grounds with the selection and retention of counsel, in which case counsel satisfactory
to the Indemnifying Person and the Indemnified Person shall be retained by the Indemnifying Person. If the Indemnifying Person, having
elected in writing to assume such control, thereafter fails to vigorously defend any such Third-Party Claim within a reasonable time,
the Indemnified Person shall be entitled to assume such control and negotiate and settle such Third-Party Claim without the participation
or consent of the Indemnifying Person.

		(7)	The obligations of the Indemnifying Person to indemnify the Indemnified Person in respect of Claims shall
also be subject to the following:

		(a)	if any Third-Party Claim is of a nature such that the Indemnified Person is required by applicable law
to make a payment to any person (a "Third Party") with respect to such Third-Party Claim before the completion of settlement
negotiations or related legal proceedings, the Indemnified Person may make such payment and thereafter seek reimbursement from the Indemnifying
Person for any such payment. If the Indemnifying Person pays, or reimburses the Indemnified Person in respect of any Third-Party Claim
before completion of settlement negotiations or related legal proceedings, and the amount of any liability of the Indemnified Person under
the Third-Party Claim in respect of which such a payment was made, as finally determined (pursuant to paragraphs (a), (b) or (c) of Section 9(8)),
is less than the amount which was paid by the Indemnifying Person, the Indemnified Person shall, forthwith after receipt of the difference
from the Third Party, pay the amount of such difference to the Indemnifying Person;

 

    	  

    	 

    

 

		(b)	except in the circumstances contemplated by the last sentence of Section 9(6), and whether or not
the Indemnifying Person assumes control of the negotiation, settlement or defence of any Third Party Claim, the Indemnified Person shall
not negotiate, settle, compromise or pay any Third Party Claim except with the prior written consent of the Indemnifying Person (which
consent shall not be unreasonably withheld);

		(c)	the Indemnified Person shall not permit any right of appeal in respect of any Third-Party Claim to terminate
without giving the Indemnifying Person notice and an opportunity to contest such Third Party Claim; and

		(d)	the Indemnified Person and the Indemnifying Person shall cooperate fully with each other with respect
to Third Party Claims and shall keep each other fully advised with respect thereto (including supplying copies of all relevant documentation
promptly as it becomes available).

		(8)	With respect to a Claim, upon the earliest to occur of (a) the Indemnifying Person and the Indemnified
Person have reached an agreement in writing, (b) a court of competent jurisdiction shall have entered a final and non-appealable order
or judgment, or (c) an arbitration or like panel shall have rendered a final and non-appealable determination with respect to a dispute
the Indemnifying Person and the Indemnified Person have agreed to submit thereto, making a determination of Losses owed by the Indemnifying
Person, the Indemnifying Person shall satisfy its obligations within five (5) business days of such determination by effecting a wire
transfer of immediately available funds to an account or accounts specified in writing by the Indemnified Person.

		(9)	Any payments made pursuant to this Section 9 will constitute a dollar-for-dollar adjustment to the
Purchase Price, unless otherwise required by law.

		(10)	The Parties acknowledge and agree that their sole and exclusive remedy with respect to any and all Claims
(other than Claims arising from intentional fraud or willful misconduct on the part of a Party hereto in connection with the transactions
contemplated by this Agreement or Claims for equitable relief) for any breach of any representation, warranty, covenant, agreement or
obligation set forth herein or otherwise relating to the subject matter of this Agreement, shall be pursuant to the indemnification provisions
set forth in this Section 9.

Section 10        
Deliveries

		(1)	Deliveries to the Purchaser. At Closing, the Vendor shall deliver the following to the Purchaser:

		(a)	a certificate of status, compliance, good standing or like certificate with respect to the Vendor issued
by the appropriate government officials in its jurisdiction of incorporation;

		(b)	a certified copy of the resolutions of the directors of the Vendor approving the transfer of the Purchased
Shares to the Purchaser, the entering into this Agreement and all matters related to the Acquisition;

 

    	  

    	 

    

 

		(c)	instruments of transfer and conveyance satisfactory to Purchaser duly executed by the Vendor, transferring
the Purchased Shares to Mogo Financial Inc.;

		(d)	evidence satisfactory to the Purchaser that the Vendor has received all necessary regulatory approvals
and consents for the consummation of the Acquisition and the transactions contemplated by this Agreement;

		(e)	evidence satisfactory to the Purchaser that the transfer of the Purchased Shares has been undertaken in
compliance with the terms of the Coinsquare Shareholders' Agreement; and

		(f)	such other documents and instruments in connection with the Closing as may be reasonably requested by
the Purchaser.

		(2)	Receipt by Purchaser. By executing this Agreement, the Purchaser acknowledges receipt of the documents
delivered pursuant to Section 10(1).

		(3)	Deliveries to the Vendor. At Closing, the Purchaser shall deliver the following to the Vendor:

		(a)	a certificate of status, compliance, good standing or like certificate with respect to the Purchaser issued
by the appropriate government officials in its jurisdiction of incorporation;

		(b)	a certified copy of the resolutions of the directors of the Purchaser approving the purchase of the Purchased
Shares from the Vendor, the entering into this Agreement and all matters related to the Acquisition;

		(c)	evidence of 762,991 Consideration Shares issued to the Vendor, in accordance with Section 3;

		(d)	evidence satisfactory to the Vendor that the Purchaser has received all necessary regulatory approvals
and consents for the consummation of the Acquisition and the transactions contemplated by this Agreement, including, for greater certainty,
from the TSX and the appropriate entities related to the Fortress Investment Group; and

		(e)	such other documents and instruments in connection with the Closing as may be reasonably requested by
the Vendor.

		(4)	Receipt by Vendor. By executing this Agreement, the Vendor acknowledges receipt of the documents
delivered pursuant to Section 10(3).

Section 11        
Notices

Any notice, direction or other communication
given regarding the matters contemplated by this Agreement (each a "Notice") must be in writing, sent by personal delivery,
courier or email and addressed:

(a)          
If to Mogo:

Mogo Inc.

2100 – 401 W.
Georgia

Vancouver, BC V6B 5A1

 

Attention: Gregory
Feller, President and Chief Financial Officer

E-mail:[****]

 

    	  

    	 

    

 

(b)          
If to Riot:

Riot Blockchain Inc.

202 6th Street, Suite
401

Castle Rock, CO 80104

 

Attention: Jeff McGonegal,
CFO

E-mail: [****]

A Notice is deemed to be given and received
(i) if sent by personal delivery or courier, on the date of delivery if it is a business day and the delivery was made prior to 4:00 p.m.
(local time in place of receipt) and otherwise on the next business day, or (ii) if sent by e-mail, on the date of delivery if it is a
business day and the delivery was made prior to 4:00 p.m. (local time in place of receipt) and otherwise on the next business day. A Party
may change its address for service from time to time by providing a Notice in accordance with the foregoing. Any subsequent Notice must
be sent to the Party at its changed address. Any element of a Party's address that is not specifically changed in a Notice will be assumed
not to be changed.

Section 12        
Currency

In this Agreement, $, CAD$
or dollars refers to the Canadian currency unless otherwise specifically indicated.

Section 13        
Time of the Essence

Time is of the essence in this Agreement.

Section 14        
Inurement

This Agreement becomes effective at Closing.
After that time, it will be binding upon and inure to the benefit of the Parties and their respective successors, legal representatives
and permitted assigns. Neither this Agreement nor any of the rights or obligations under this Agreement, including any right to payment,
may be assigned or transferred, in whole or in part, by either Party without the prior written consent of the other Party.

Section 15        
Public Disclosure

All public announcements regarding this Agreement
or the transactions contemplated hereby shall be subject to review and reasonable consultation of the Purchaser and the Vendor as to form,
content and timing, before public disclosure, always provided that a Party shall be entitled to make such public announcement if required
by applicable law or regulatory requirements to immediately do so and it has taken reasonable efforts to comply herewith.

Section 16        
Entire Agreement

This Agreement constitutes the entire agreement
between the Parties with respect to the transactions contemplated in this Agreement and supersedes all prior agreements, understandings,
negotiations and discussions, whether oral or written, of the Parties with respect to such transactions, including for greater certainty,
the binding term sheet between the Purchaser and the Vendor dated May 12, 2021, as amended. There are no representations, warranties,
covenants, conditions or other agreements, express or implied, collateral, statutory or otherwise, between the Parties in connection with
the subject matter of this Agreement, except as specifically set forth in this Agreement. The Parties have not relied and are not relying
on any other information, discussion or understanding in entering into and completing the transactions contemplated by this Agreement.

 

    	  

    	 

    

 

Section 17        
Waiver

No waiver of any of the provisions of this
Agreement will constitute a waiver of any other provision (whether or not similar). No waiver will be binding unless executed in writing
by the Party to be bound by the waiver. A Party's failure or delay in exercising any right under this Agreement will not operate as a
waiver of that right. A single or partial exercise of any right will not preclude a Party from any other or further exercise of that right
or the exercise of any other right it may have.

Section 18        
Further Assurances

From time to time after the Closing, each
Party will, at the reasonable request and expense of the other Party, execute and deliver such additional conveyances, transfers and other
assurances and perform or cause to be performed such further and other acts or things as may be reasonably required to give effect to,
and carry out the intent of, this Agreement, including, for avoidance of doubt, the Vendor covenants and agrees that it will reasonably
assist the Purchaser to secure receipt of (i) evidence satisfactory to the Purchaser that Mogo Financial Inc. has been entered upon the
books of Coinsquare as the holder of the Purchased Shares and (ii) copies of the resolutions from the board of directors of Coinsquare
approving the transfer of the Purchased Shares from the Vendor to the Purchaser.

Section 19        
Severability

If any provision of this Agreement is determined
to be illegal, invalid or unenforceable, by an arbitrator or any court of competent jurisdiction from which no appeal exists or is taken,
that provision will be severed from this Agreement and the remaining provisions will remain in full force and effect.

Section 20        
Governing Law

This Agreement is governed by, and will be
interpreted and construed in accordance with, the laws of the Province of British Columbia and the federal laws of Canada applicable therein.
The Parties hereto acknowledge and agree that the courts of British Columbia shall have exclusive jurisdiction with respect to any dispute
or other matter arising hereunder.

Section 21        
Expenses

Each Party will pay for its own costs and
expenses (including the fees and expenses of legal counsel, accountants and other advisors) incurred in connection with this Agreement
and the transactions contemplated hereby.

Section 22        
Third Party Beneficiaries

Except as otherwise provided in this Agreement,
this Agreement is not intended to confer any benefits, rights, causes of action or remedies in favor any person other than the Parties
hereto and no person, other than the Parties, is entitled to rely on the provisions of this Agreement in any action, suit, proceeding,
hearing or other forum.

Section 23        
Counterparts

This Agreement may be executed in any number
of counterparts, each of which is deemed to be an original, and such counterparts together constitute one and the same instrument. Transmission
of an executed signature page by facsimile, email or other electronic means is as effective as a manually executed counterpart of this
Agreement.

[Signature page follows.]

    	  

    	 

    

 

IN WITNESS WHEREOF the Parties have
executed this Share Purchase Agreement as of the date first written above.

RIOT BLOCKCHAIN INC.

 

 

By: /s/ Jeffrey McGonegal

Name: Jeff McGonegal

Title: Chief Financial
Officer

 

 

MOGO INC.

 

 

By: /s/ Gregory Feller

Name: Gregory Feller

Title: President and
Chief Financial Officer

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