Document:

FUTURES
SALES AND PURCHASE AGREEMENT

BETWEEN

_________________

(“_______”)

 

AND

 

CleanSpark,
Inc. 

(“Purchaser”)

 

 

 

 

 

 

 

 

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		1	Definitions and Interpretations	3

		2	Sales of Product(s)	5

		3	Prices and Terms of Payment	6

		4	Shipping of Product(s)	8

		5	Warranty	9

		6	Representations and Warranties	10

		7	Indemnification and Limitation of Liability	12

		8	Distribution	13

		9	Intellectual Property Rights	14

		10	Confidentiality and Communications	14

		11	Term and Termination of this Agreement	15

		12	Contact Information	15

		13	Compliance with Laws and Regulations	16

		14	Force Majeure	16

		15	Entire Agreement and Amendment	17

		16	Assignment	17

		17	Severability	17

		18	Personal Data	17

		19	Governing Law and Dispute Resolution	18

		20	Waiver	18

		21	Counterparts and Electronic Signatures	18

		22	Further Assurance	18

		23	Third Party Rights	19

		24	Liquidated Damages Not Penalty	19

 

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This
futures sale and purchase agreement (this “Agreement”) is made on ________,
by and between _____________, a ______________ (“________”), with its registered office
at ________________________________, and Cleanspark Inc., a Nevada corporation (the “Purchaser”), with its
principal place of business at 1885 S. 1800 W., Suite 3, Woods Cross, UT 84087. 

 

___________ and the Purchaser shall hereinafter
collectively be referred to as the “Parties”, and individually as a “Party”.

 

Whereas:

 

		1.	Purchaser fully understands the market risks, the price-setting principles and the market fluctuations
relating to the Products sold under this Agreement.

		2.	___________ purchases the Products from Bitmain, a supplier of cryptocurrency mining hardware
and other equipment, either directly or through a reseller, as the case may be.

		3.	The Purchaser is willing to purchase and ___________ is willing to supply cryptocurrency mining
hardware and other equipment in accordance with the terms and conditions of this Agreement.

 

The Parties hereto agree as follows:

 

		1.	Definitions and Interpretations

The following terms, as used herein, have the following
meanings:

 

“Affiliate”
means, with respect to any Person, any other Person directly or indirectly Controlling, Controlled by,
or under common Control with such Person; “Person” means any individual, corporation, partnership, limited partnership,
proprietorship, association, limited liability company, firm, trust, estate or other
enterprise or entity (whether or not having separate legal personality); and “Control” means the power or authority,
whether exercised or not, to direct the business, management and policies of such Person, directly or indirectly,
whether through the ownership of voting securities, by contract or otherwise, provided that such power or authority shall conclusively
be presumed to exist upon possession of beneficial ownership or power to direct the vote of more than fifty percent (50%) of the
votes entitled to be cast at a meeting of the members or shareholders of such Person or power to control the composition of a majority
of the board of directors of such Person. The terms “Controlled” and “Controlling” have meanings correlative
to the foregoing.

 

“Applicable Law” means any treaty,
law, decree, order,
regulation, decision, statute, ordinance, rule, directive, code or other document that has legal force under any system of law,
including, without limitation, local law, law
of any other state or part thereof or international law,
and which creates or purports to create any requirement or rule that may

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affect,
restrict, prohibit or expressly allow the terms of this Agreement or any activity contemplated or carried out under this Agreement.

 

“Bank Account” means the bank account information
that ___________ specifies in its invoices.

 

“Bitmain” means Bitmain Technologies
Limited (Company number: 2024301), with its registered office at Unit A1 of Unit A,
11th Floor, Success Commercial Building,
245-251 Hennessy Road, Hong Kong.

 

“Force Majeure” means in respect of either
Party, any event or occurrence beyond the reasonable control of that Party,
which delays, prevents or hinders that Party from performing any obligation imposed upon that Party under this Agreement, and which
is unavoidable notwithstanding the reasonable care of the Party affected, including
to the extent such event or occurrence shall delay, prevent or hinder such Party from
performing such obligation, war (declared or undeclared), terrorist activities, acts of sabotage, blockade, fire, lightning, acts
of god, national strikes, riots, insurrections, civil commotions, quarantine restrictions, epidemics, earthquakes, landslides,
avalanches, floods, hurricanes, explosions and regulatory and administrative or similar action or delays to take actions of any
governmental authority.

 

“Insolvency Event” in the context of the
Purchaser means any of the following events:

		i)	a receiver, receiver and manager,
judicial manager, official manager,
trustee, administrator or similar official is appointed, or steps are taken for such
appointment, over all or any part of the assets, equipment or undertaking of the Purchaser;

		ii)	if the Purchaser stops or suspends payments to its creditors generally,
is unable to or admits its inability to pay its debts as they fall due, seeks to enter into any composition or other arrangement
with its creditors, is declared or becomes bankrupt or insolvent or enters into liquidation;

		iii)	a petition is presented, a proceeding is commenced, an order is made or an effective
resolution is passed or any other steps are taken by any person for the liquidation, winding up, insolvency,
judicial management, administration, reorganisation, reconstruction, dissolution or
bankruptcy of the Purchaser, otherwise than for the purpose of a bona fide scheme
of solvent amalgamation or reconstruction; or

		iv)	if any event, process or circumstance analogous or having a substantially similar effect
to any of the above, in any applicable jurisdiction, commences or exists.

 

“Intellectual Property Rights” means any
and all intellectual property rights, including but not limited to those concerning inventions, patents, utility models, registered
designs and models, engineering or production materials, drawings, trademarks, service marks,

domain names, applications for any of the foregoing
(and the rights to apply for any of the foregoing), proprietary or business sensitive information and/or technical know-how,
copyright, authorship, whether registered or not, and any neighbor rights.

 

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“Product(s)” means the merchandise
that ___________ will provide to the Purchaser in accordance with this Agreement.

 

“Total
Purchase Price” means the aggregate amount payable by the Purchaser as set out in Appendix A of this Agreement.

 

“Warranty
Period” means the period of time that the Product(s) are covered by the warranty guaranteed by Bitmain in accordance with
its relevant service policy.

 

“Warranty
Start Date” means the date on which the Warranty Period begins with respect
to the Product(s).

 

Interpretations:

		i)	Words
importing the singular include the plural and vice versa where the context so requires.

		ii)	The headings in this Agreement are for convenience only and shall not be taken into consideration
in the interpretation or construction of this Agreement.

		iii)	References to Clauses and Appendix(es) are references to Clauses and Appendix(es) of this Agreement.

		iv)	Unless specifically stated otherwise, all references to days shall mean calendar days.

		v)	Any reference to a code, law,
statute, statutory provision, statutory instrument, order, regulation or other instrument
of similar effect shall include any

re-enactment or amendment thereof for the time being
in force.

		vi)	The word “including” shall be deemed to be followed by the words “without limitation”.

 

		2.	Sales of Product(s)

___________ will provide the Product(s) set forth
in Appendix A (attached hereto as part of this Agreement) to the Purchaser in accordance with provisions of Clause 2, Clause 3,
Clause 4 and Appendix A of this Agreement, and the Purchaser shall make payment in accordance with the terms specified in this
Agreement.

 

		2.1.	Both Parties agree that the Product(s) shall be sold in accordance with the following steps:

		(i)	The Purchaser shall make payments to ___________ in accordance with Appendix B of this Agreement.

		(ii)	Upon receipt of each payment from the Purchaser,
___________ will provide a payment receipt to the Purchaser.
	 	(iii)	
___________ will send a shipping confirmation to the Purchaser after it has delivered the Product(s) to the carrier.

             

 

		2.2.	If Bitmain or its reseller postpones, modifies or cancels the shipping schedule of any batch of
Products, ___________ may similarly postpone, modify or cancel the shipping schedule of any such batch of Products to the Purchaser
without the Purchaser’s prior consent. For the avoidance of doubt, to the extent
Bitmain or its reseller cancels any batch of Product(s) or portion thereof, ___________ shall refund in full any payments with
respect to such batch or portion, free of any interest. Both parties acknowledge and agree that in case of product unavailability,
Bitmain shall have the right to cancel the order and ___________ may similarly cancel the order without any penalty or liability.

 

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		2.3.	For the avoidance of doubt, the Purchaser is entitled to resell the Products to the Purchaser’s
customers, including as packaged or bundled with other products.

 

		2.4	The Purchaser acknowledges and confirms that the Order is irrevocable and cannot be cancelled
by the Purchaser, and that the Product(s) ordered are neither returnable nor refundable.
All sums paid by the Purchaser to ___________ shall not be subject to any abatement, set-off,
claim, counterclaim, adjustment, reduction, or defense for any reason. Down payment and payment of Total
Purchase Price are not refundable, save as otherwise mutually agreed by the Parties.

 

		3.	Prices and Terms of Payment

		3.1	The Total Purchase Price (inclusive of any tax
payable) shall be paid in accordance with the payment schedule set forth in Appendix B of this Agreement.

 

		3.2	The payment date shall be the date as evidenced in the remittance copy of such payment. Interest
shall not be charged when the respective amounts have been received by ___________
in full according to the agreed payment schedule. Different clients may have different
payment schedules. No interest shall be charged on the remaining amount.

 

		3.3	In the event that the Purchaser fails to fully settle the respective percentage of the Total
Purchase Price with respect to any batch of Products before the applicable prescribed deadline in accordance with Appendix
B of this Agreement and fails to make a written request to ___________ no less than 5 business days prior to such prescribed deadline
and obtain ___________’s written consent, ___________ shall be entitled to terminate
this Agreement with respect to such batch of Products, or resell such batch of Products to other customers, and in each case, in
addition to the Purchaser’s indemnity obligations under Clause 7, the Purchaser
shall be liable for (i) interest at a rate of 1% per annum with respect to the purchase price of such batch of Product(s), accruing
for the period from the next day of the applicable prescribed deadline as specified in Appendix B for that batch of Product(s)
to the earlier of (x) the date of actual and full payment for that batch of Product(s) or (y) ___________ terminates this Agreement
with respect to such batch of Products or resells such batch of Products to other customers, and (ii) a reasonable liquidated damage
(not a penalty) of 20% of the purchase price of such batch of Products (“___________ Liquidated Damages”). If there
are any remaining balance after deducting the liquidated damage, such remaining balance shall be refunded to the Purchaser,
free of any interest. If the Purchaser fails to pay the down payment on a timely basis and Bitmain has arranged production or procurement,
___________ shall be entitled to request the Purchaser to be responsible for the loss related to such production or procurement.
Notwithstanding the foregoing, ___________ shall use best efforts to mitigate its
damages (which, for avoidance of doubt, may result in ___________ not being entitled to all or any portion of the ___________ Liquidated
Damages or any indemnity or other payment from the Purchaser, as a result of ___________
having limited or no losses). For the avoidance of doubt, termination or modification of this Agreement with respect to any particular
batch of Product(s) shall not, in any way, vary,
limit or extend the Parties’ rights and obligations in respect of other batches under this Agreement.

 

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		3.4	If ___________ breaches the terms of this Agreement solely and directly
as a result of events or occurrences beyond the reasonable control of ___________ (including breach by ___________’s
supplier of its agreement with ___________), then the Purchaser shall not be entitled to any Purchaser Liquidated Damages or other
indemnity or other payments from ___________, provided that the Purchaser shall be entitled to a refund of its advance payments.

 

		3.5	The Parties understand and agree that the applicable prices of the Product(s) are inclusive of
applicable bank transaction, import/export duties, taxes and fees and insurance, but are exclusive of any and all logistics costs,
applicable taxes and governmental charges. The Purchaser shall pay or reimburse ___________
for all taxes levied on or assessed against the amounts payable hereunder upon receipt of documentation thereof. If any payment
is subject to tax withholding, the Purchaser shall pay such additional amounts as necessary,
to ensure that ___________ receives the full amount it would have received had payment not been subject to such tax withholding.

 

		4.	Shipping of Product(s)

		4.1.	___________ shall deliver the Products in accordance with the shipping schedule set forth in
Appendix A to the place of delivery designated by the Purchaser. For the avoidance
of doubt, the Products shall be fully insured such that it could adequately cover any losses of Product(s), personal injury,
property damage, other damage or liability caused by the Product(s) or the transportation of the Product(s) either to the Purchaser
or any third party, or theft of the Product(s) during transportation to the Purchaser.
If the Purchaser seeks to make claims against the applicable insurer with respect to the delivery of the Products, ___________
shall make such claims against such insurer and reasonably cooperate with the Purchaser in connection therewith, including at the
Purchaser’s request granting the Purchaser a right of subrogation against such
insurer.

 

		4.2.	Subject to the limitations stated in Appendix A, the terms of delivery of the Product(s) shall
be DDP USA (Delivery Duty Paid to the USA according to Incoterms 2010) to the place of delivery designated by the Purchaser.
Once the Product(s) have been delivered to such place of delivery designated by the Purchaser,
___________ shall have fulfilled its obligation to supply the Product(s) to the Purchaser,
and the title and risk of loss or damage to the Product(s) shall pass to the Purchaser.

 

		4.3.	There are 12 batches of Products under this Agreement and each batch shall constitute independent
legal obligations of and shall be performed separately by the Parties. The delay of a particular batch shall not constitute waiver
of the payment obligation of the Purchaser in respect of other batches. The delay of payment with respect to a particular batch
shall not constitute waiver of the delivery obligation of ___________ in respect of other batches. Neither Party shall be entitled
to terminate this Agreement solely on the ground of delay of delivery of or payment with respect to a single batch of Products.

 

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		4.4.	Logistics costs shall be borne by the Purchaser,
which must be paid to ___________ before ___________ arranges for shipping of the Products.

 

		5.	Warranty

		5.1.	The Warranty Period shall start on the Warranty
Start Date and end on the 365th day after the
Warranty Start Date. During the Warranty
Period, the Purchaser’s sole and exclusive remedy with respect to the defective
Product(s) will be to have Bitmain repair or replace (subject to Bitmain’s option)
the defective part/component of the Product(s) or the defective Product(s) at no charge
to the Purchaser.

 

		5.2.	The Parties acknowledge and agree that the warranty provided by Bitmain as stated in the preceding
paragraph does not apply to the following:

		(i)	normal wear and tear;

		(ii)	damage resulting from accident, abuse, misuse, neglect, improper handling or improper installation;

		(iii)	damage or loss of the Product(s) caused by undue physical or electrical stress, including but
not limited to moisture, corrosive environments, high voltage surges, extreme temperatures,
shipping, or abnormal working conditions;

		(iv)	damage or loss of the Product(s) caused by acts of nature including, but not limited to, floods,
storms, fires, and earthquakes;

		(v)	damage caused by operator error, or non-compliance
with instructions as set out in accompanying documentation;

		(vi)	alterations by persons other than Bitmain or ___________, associated partners or authorized
service facilities;

		(vii)	Product(s), on which the original software has been replaced or modified
by persons other than Bitmain or ___________, associated partners or authorized service facilities;

		(viii)	counterfeit products;

		(ix)	damage or loss of data due to interoperability with current and/or future versions of operating
system, software and/or hardware;

		(x)	damage or loss of data caused by improper usage and behavior which is not recommended and/or
permitted in the product documentation;

		(xi)	failure of the Product(s) caused by usage of products not supplied by Bitmain or ___________;
and

		(xii)	hash boards or chips are burnt.

 

In case the warranty is voided, the Purchaser may
request Bitmain to provide it repair services, and the Purchaser shall bear all related expenses and costs.

 

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		5.3.	Notwithstanding anything to the contrary herein, the Purchaser acknowledges and agrees that the
Product(s) provided by ___________ do not guarantee any cryptocurrency mining time and, ___________ shall not be liable for any
cryptocurrency mining time loss or cryptocurrency mining revenue loss that are caused by downtime of any part/component of the
Product(s). ___________ does not warrant that the Product(s) will meet the Purchaser’s
requirements or the Product(s) will be uninterrupted or error free. Except as provided in Clause 6 of this Agreement, ___________makes
no warranties to the Purchaser with respect to the Product(s), and no warranties of any kind, whether written, oral, express, implied
or statutory, including warranties of merchantability,
fitness for a particular purpose or non-infringement or arising from course of dealing or usage in trade shall apply.

 

		5.4.	In the event of any ambiguity or discrepancy between this Clause 5 of this Agreement and Bitmain’s
After-sales Service Policy from time to time, it is intended that the After-sales
Service Policy shall prevail and the Parties shall comply with and give effect to
the After-sales Service Policy.

 

		6.	Representations and Warranties

6A. ___________makes the following representations
and warranties to the Purchaser:

 

		6.1.	This Agreement is the legal, valid, binding obligations of ___________, enforceable against it
in accordance with its terms;

		6.2.	It has the power to enter into, perform and deliver,
and has taken all necessary action to authorize its entry into, performance and delivery of, this Agreement and the transactions
contemplated by this Agreement;

 

		6.3.	All corporate action on its part and on the part of each of its officers
and directors necessary for the authorization, execution and delivery of this Agreement and the performance of its obligations
hereunder has been taken;

 

 

		6.4.	All authorizations required or desirable:

		(i)	to enable it lawfully to enter into, exercise its rights under and comply with its obligations
under this Agreement;

		(ii)	to ensure that those obligations are legal, valid, binding and enforceable; and

		(iii)	to make this Agreement admissible in evidence in its jurisdiction of incorporation,

                                                                                

have been or will have been by the time, obtained or effected and are, or will be by the appropriate time, in full force and effect.

 

		6.5.	It is not aware of any circumstances which will likely lead to:

		(i)	any authorization obtained or effected not remaining in full force and effect;

		(ii)	any authorization not being obtained, renewed or effected
when required or desirable; or

 

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		(iii)	any authorization being subject to a condition or requirement which it
does not reasonably expect to satisfy or the compliance with which has or would have a material adverse effect.

 

		6.6.	Neither the execution and delivery of this Agreement nor the performance of the obligations contemplated
hereby will:

		(i)	conflict with or result in any violation of or constitute a breach of any of the terms or provisions
of or result in the acceleration of any obligation under, or constitute a default under
any provision of any material contract or any other obligation to which ___________ is a party or under which ___________ is subject
or bound,

		(ii)	violate any judgment, order, injunction, decree or
award of any governmental authority, against, or affecting
or binding upon, ___________ or upon the assets, property or business of ___________, or

		(iii)	constitute a violation by ___________ of any Applicable Law of any jurisdiction as such law relates
to ___________ or to the property or business of ___________.

 

		6.7.	(a) It is not the target of economic sanctions administered
by the Office of Foreign Assets Control of the U.S. Department of the Treasury,
the U.S. Department of State, the United Nations Security Council, the European Union, Her Majesty’s
Treasury or Singapore (“Sanctions”), including by being listed on the Specially Designated Nationals and Blocked
Persons (SDN) List maintained by OFAC or any other Sanctions list maintained by one
of the foregoing governmental authorities, directly or indirectly owned or controlled by one or more SDNs or other Persons included
on any other Sanctions list, or located, organized or resident in a country or territory
that is the target of Sanctions, and (b) the sale of the Product(s) will not violate
any Sanctions or import and export control related laws and regulations.

6B. The Purchaser makes the following representations
and warranties to ___________:

 

		6.8.	This Agreement is the legal, valid, binding obligations of the Purchaser,
enforceable against it in accordance with its terms;

		6.9.	It has the power to enter into, perform and deliver,
and has taken all necessary action to authorize its entry into, performance and delivery of, this Agreement and the transactions
contemplated by this Agreement.

		6.10.	The entry into and performance by it of, and the transactions contemplated by,
this Agreement do not and will not conflict with:

		(i)	any Applicable Law;

		(ii)	its constitutional documents; or

		(iii)	any agreement or instrument binding upon it or any of its assets.

 

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		6.11.	All authorizations required or desirable:

		(iv)	to enable it lawfully to enter into, exercise its rights under and comply with its obligations
under this Agreement;

		(v)	to ensure that those obligations are legal, valid, binding and enforceable; and

		(vi)	to make this Agreement admissible in evidence in its jurisdiction of incorporation,

have been or will have been by the time, obtained
or effected and are, or will be by the appropriate time, in full force and effect.

 

		6.12.	At the date of this Agreement, it is not aware of any circumstances which will lead to:

		(i)	any authorization obtained or effected not remaining
in full force and effect;

		(ii)	any authorization not being obtained, renewed or effected
when required or desirable; or

		(iii)	any authorization being subject to a condition or requirement which it does
not expect to satisfy or the compliance with which has or would have a material adverse effect.

 

		6.13.	It is not the target of economic sanctions
                                                                    administered by the Office of Foreign Assets Control of the U.S. Department of
                                                                    the Treasury, the U.S. Department of State, the United Nations Security Council,
                                                                    the European Union, Her Majesty’s Treasury or Singapore
                                                                    (“Sanctions”), including by being listed on the Specially Designated Nationals and Blocked Persons (SDN) List
                                                                    maintained by OFAC or any other Sanctions list maintained by one of the
                                                                    foregoing governmental authorities, directly or indirectly owned or controlled by one or more SDNs or other Persons included
                                                                    on any other Sanctions list, or located, organized or resident in a country or
                                                                    territory that is the target of Sanctions, and (b) the purchase of the
                                                                    Product(s) will not violate any Sanctions or import and export
control related laws and regulations.

 

		7.	Indemnification and Limitation of Liability

		7.1.	Each Party shall, during the term of this Agreement and at any time thereafter,
indemnify and save the other Party and/or its Affiliates harmless from and against
any and all damages, suits, claims, judgments, liabilities, losses, fees, costs or expenses of any kind, including reasonable legal
fees, whatsoever arising out of or incidental to (a) the Products pursuant to this Agreement, (b) a breach of this Agreement or
(c) such first Party’s willful misconduct or gross negligence.

 

		7.2.	Notwithstanding anything to the contrary herein, each Party and its Affiliates
shall under no circumstances, be liable to the other Party and its Affiliates for
any consequential loss, or loss of goodwill, business, anticipated profits, revenue, contract, or business opportunity arising
out of or in connection with this Agreement, and each Party hereby waives any claim it may at any time have against the other Party
and its Affiliates in respect of any such damages. The foregoing limitation of liability
shall apply whether in an action at law,
including but not limited to contract, strict liability, negligence, willful misconduct
or other tortious action, or an action in equity.

 

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		7.3.	(a) ___________ and its Affiliates’ cumulative
aggregate liability pursuant to this Agreement, whether arising from tort, breach of contract or any other cause of action, shall
be limited to and not exceed the amount of one hundred percent (100%) of the payment actually made by the Purchaser to ___________
under this Agreement (the “Indemnity Cap”); and (b) the Purchaser and its Affiliates’
cumulative aggregate liability pursuant to this Agreement, whether arising from tort, breach of contract or any other cause of
action, shall be limited to and not exceed the amount of one hundred percent (100%) of the Indemnity Cap.

 

		7.4.	The Product(s) are not designed, manufactured or intended for use in hazardous or critical environments
or in activities requiring emergency or fail-safe operation, such as the operation
of nuclear facilities, aircraft navigation or communication systems or in any other applications or activities in which failure
of the Product(s) may pose the risk of environmental harm or physical injury or death to humans. ___________ specifically disclaims
any express or implied warranty of fitness for any of the above described application and any such use shall be at the Purchaser’s
sole risk.

 

		7.5.	The above limitations and exclusions shall apply (1) notwithstanding failure of essential purpose
of any exclusive or limited remedy; and (2) whether or not the indemnifying Party has been advised of the possibility of such damages.
This Clause allocates the risks under this Agreement and the pricing herein reflects this allocation of risk and the above limitations.

 

		8.	Distribution

		8.1.	This Agreement does not constitute a distributor agreement between ___________ and the Purchaser.

 

 

		9.	Intellectual Property Rights

		9.1.	The Parties agree that the Intellectual Property Rights in any way contained in the Product(s),
made, conceived or developed by Bitmain and/or its Affiliates for the Product(s) under
this Agreement and/or, achieved, derived from, related to, connected with the provision
of the Product(s) by Bitmain and/or acquired by Bitmain from any other person in performance of this Agreement shall be the exclusive
property of Bitmain and/or its Affiliates.

 

		9.2.	Notwithstanding anything to the contrary herein, all Intellectual Property Rights in the Product(s)
shall remain the exclusive property of Bitmain and/or its licensors. Except for licenses explicitly identified in Bitmain’s
shipping confirmation or in this Clause 9.2, no rights or licenses are expressly granted, or implied, whether by estoppel or otherwise,
in respect of any Intellectual Property Rights of Bitmain and/or its Affiliates or
any Intellectual Property residing in the Product(s) provided to the Purchaser, including
in any documentation or any data furnished by Bitmain. ___________ grants a non-exclusive, royalty-free and irrevocable sublicense
of Bitmain and/or its Affiliates’ Intellectual Property Rights to solely use
the Product(s) for their ordinary function, and subject to the Clauses set forth herein. The Purchaser shall in no event knowingly
violate the Intellectual Property Rights of Bitmain and/or its licensors.

 

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		10.	Confidentiality and Communications

		10.1.	All information concerning this Agreement and matters pertaining to or derived from the provision
of Product(s) pursuant to this Agreement between the Parties, whether in oral or written form, or in the form of drawings, computer
programs or other, as well as all data derived therefrom (“Confidential Information”),
shall be deemed to be confidential and, as such, may not be divulged to any unauthorized person. The Purchaser undertakes and agrees
to take all reasonable and practicable steps to ensure and protect the confidentiality of the Confidential Information which cannot
be passed, sold, traded, published or disclosed to any unauthorized person. For the avoidance of doubt, nothing shall restrict
the Purchaser from disclosing any information relating to the Product(s) if required by Applicable Law,
regulation, stock exchange requirement, judicial or government order, discovery request
or similar process.

 

		11.	Term of this Agreement

		11.1.	This Agreement will be effective upon signing of
this contract by both Parties, provided that if there is more than one shipping confirmation, this Agreement will be effective
to the Products contained in each shipping confirmation upon ___________’s issuance
of the respective shipping confirmation to the Purchaser.

		11.2.	This Agreement shall remain effective up to and until
one (1) month after the delivery and acceptance of the last batch of Products; provided that to the extent any claim (insurance,
indemnity or otherwise) is made with respect to any Product(s), this Agreement shall survive with respect to such Product(s) until
final resolution of such claim.

 

		11.3.	This Agreement may be terminated by either Party (the “Non-Breaching Party”) by delivery
of written notice to the other Party, if the other Party has breached its obligations
under this Agreement and failed to remedy such breach within thirty (30) days following receipt of written notice
thereof from the Non-Breaching Party. Upon termination of this Agreement, Clause 3.3
shall apply (in the case that ___________ is the Non-Breaching Party) or Clause 3.4 shall apply (in the case that the Purchaser
is the Non-Breaching Party) mutatis mutandis.

 

		12.	Contact Information

All communications in relation to this Agreement
shall be made to the following contact(s):

 

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___________ ’s
business contact:

Name:
________________

Phone:
________________

Email: _______________

 

Purchaser’s
business contact:

 

Name: Zach Bradford, CEO

 

Phone: ________________

 

Email: _________________

 

 

		13.	Compliance with Laws and Regulations

		13.1.	The Purchaser acknowledges and agrees that the Product(s) in this Agreement are subject to export
control laws and regulations, including but not limited to the Export Administration Regulations (“EAR”) of the United
States. Without limiting the foregoing, the Purchaser shall not knowingly export, re-export,
or transfer, directly or indirectly, any
Product(s) subject to this Agreement without receiving the proper licenses or license exceptions from all applicable governmental
authorities, including but not limited to the U.S. Department of Commerce Bureau of Industry and Security.
With respect to any export transactions under this Agreement, the Purchaser and ___________
will reasonably cooperate to promote compliance with all applicable export laws and regulations. ___________ agrees to provide
the Purchaser with accurate and complete information regarding the Products that is reasonably necessary for Purchaser to comply
with applicable export laws, including all applicable Export Control Classification Numbers (ECCNs), information regarding eligibility
of the Products for license exceptions, and any other information reasonably requested by Purchaser from time to time for the purposes
of export. ___________ further agrees to promptly inform Purchaser of any changes to such information, including as a result of
changes to the applicable export laws or regulations.

		13.2.	The Purchaser undertakes that it will not take any action under this Agreement or use the Product(s)
in a way that will be a breach of any applicable anti-money laundering laws, anti-corruption laws, and/or counter-terrorist
financing laws.

 

		14.	Force Majeure

To
the extent that a Party is fully or partially delayed, prevented or hindered
by an event of Force Majeure from performing
any obligation under this Agreement (other than an obligation to make payment), subject
to the exercise of reasonable diligence
by the affected Party, the failure to
perform shall be excused by the occurrence of such event of Force
Majeure. A Party claiming that its performance is excused by an event of Force Majeure
shall, promptly after the occurrence
of such event of Force Majeure, notify the other Party of the nature,
date of inception and expected duration of such event of Force Majeure and the extent
to which the Party expects that the event will delay, prevent
or hinder the Party from performing its obligations under this Agreement.
The notifying Party shall thereafter use its best effort to eliminate such event of
Force Majeure and mitigate its effects.

 

    	 	14	 

    	 

    

 

		14.1.	The affected Party shall use reasonable diligence
to remove the event of Force Majeure, and shall keep the other Party informed of all significant developments.

		14.2.	Except in the case of an event of Force Majeure or as otherwise provided in this Agreement, neither
party may terminate this Agreement prior to its expiry date.

 

 

		15.	Entire Agreement and Amendment

This Agreement constitutes the entire agreement
of the Parties hereto and can only be amended with the written consent of both Parties or otherwise as mutually agreed by both
Parties.

 

		16.	Assignment

Neither this Agreement nor any right or obligation
hereunder may be assigned or otherwise transferred (whether voluntarily, by operation
of law or otherwise), without the prior express written consent of the other Party.
This Agreement shall be binding upon and enure to the benefit of each Party to this Agreement and its successors in title and permitted
assigns.

 

		17.	Severability

To
the extent possible, if any provision of this Agreement is held to be illegal, invalid or unenforceable in whole or in part by
a court, the provision shall apply with whatever deletion or modification is necessary so that such provision is legal, valid and
enforceable and gives effect to the commercial intention of the Parties. The remaining
provisions of this Agreement shall not be affected and shall remain in full force
and effect.

 

		18.	Personal Data

		18.1.	Depending on the nature of the Purchaser’s interaction
with ___________, some examples of personal data which ___________ may collect from the Purchaser include the Purchaser’s
name and identification information, contact information such as the Purchaser’s
address, email address and telephone number, nationality, gender, date of birth, and
financial information such as bank account information.

		18.2.	___________ generally does not collect the Purchaser’s
personal data unless (a) it is provided to ___________ voluntarily by the Purchaser directly or via a third party who has been
duly authorized by the Purchaser to disclose the Purchaser’s personal data to
___________ (the Purchaser’s “authorized representative”) after
(i) the Purchaser (or the Purchaser’s authorized representative) has been notified
of the purposes for which the data is collected, and (ii) the Purchaser (or the Purchaser’s
authorized representative) has provided written consent to the collection and usage of the Purchaser’s
personal data for those purposes, or (b) collection and use of personal data without consent is permitted or required by related
laws. ___________ shall seek the Purchaser’s consent before collecting any additional
personal data and before using the Purchaser’s personal data for a purpose which
has not been notified to the Purchaser (except where permitted or authorized by law).

 

    	 	15	 

    	 

    

 

		19.	Governing Law and Dispute Resolution

		19.1.	This Agreement shall be solely governed by and construed in accordance with the laws of the Commonwealth
of Massachusetts without regard to its conflicts of laws principles.

		19.2.	Any dispute, controversy or claim arising out of or relating to this Agreement, or the breach,
termination, enforcement, interpretation or validity thereof, including the determination of the scope or applicability of this
agreement to arbitrate, shall be determined by arbitration to be administered by JAMS pursuant to its Comprehensive Arbitration
Rules (the “Comprehensive Rules”), and in accordance with the Expedited Procedures in those Rules, except to the extent
modified by the provisions of this Section 19.2; provided, however, that any party
may seek provisional or ancillary remedies, such
as preliminary injunctive relief, from a court having jurisdiction, before, during or after the pendency of any arbitration
proceeding. The arbitration shall be before a three-arbitrator panel unless the parties agree to a single arbitrator.
Within 15 days after the commencement of arbitration, each party shall select one person to act as arbitrator, and
the two so selected shall select a third arbitrator within 30 days of the commencement of the arbitration. If a party does
not select an arbitrator within the allotted time, or if the arbitrators selected by the parties are unable or fail to agree
upon the third arbitrator within the allotted time, the arbitrator shall be designated by JAMS. All arbitrators shall serve
as neutral, independent and impartial arbitrators. All such arbitrations shall be held in the Commonwealth of Massachusetts
or such other location as the parties may mutually agree, and the arbitrator(s) shall apply the law of the Commonwealth of
Massachusetts to the dispute exclusive of conflict or choice of law rules.

 

		20.	Waiver

Failure by either Party to enforce at any time any
provision of this Agreement, or to exercise any election of options provided herein shall not constitute a waiver of such provision
or option, nor affect the validity of this Agreement or any part hereof, or the right
of the waiving Party to thereafter enforce each and every such provision or option.

 

		21.	Counterparts and Electronic Signatures

This Agreement may be executed in one or more counterparts,
each of which will be deemed to be an original copy of this Agreement, and all of which, when taken together,
will be deemed to constitute one and the same agreement. The facsimile, email or other electronically delivered signatures of the
Parties shall be deemed to constitute original signatures, and facsimile or electronic copies hereof shall be deemed to constitute
duplicate originals.

 

    	 	16	 

    	 

    

 

		22.	Further Assurance

Each Party undertakes to the other Party to execute
or procure to be executed all such documents and to do or procure to be done all such other acts and things as may be reasonable
and necessary to give all Parties the full benefit of this Agreement.

 

		23.	Third Party Rights

A person who is not a Party
to this Agreement has no right under the Contracts (Rights of Third Parties) Ordinance (Chapter 623 of the Laws of Hong Kong) to
enforce or to enjoy the benefit of any term of this Agreement.

 

		24.	Liquidated Damages Not Penalty

It is expressly agreed that any liquidated damages
payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific
liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm
caused by the breach related thereto and the difficulties of proof of loss and inconvenience
or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the
validity or enforceability of such liquidated damages.

 

(The rest
part of the page is intentionally left in blank)

 

 

    	 	17	 

    	 

    

 

 

Each Party represents and warrants that its
signatory whose signature appears below has been and is on the date of this Agreement duly authorized by all necessary corporate
or other appropriate action to execute this Agreement.

 

 

Signed for and on behalf of ___________

 

_________________________________

 

	 	 	Signature _____________	 
	 	 	Name _______________	 
	 	 	Title _________________	 
	 	 	 	 

 

 

Signed for and on behalf of the Purchaser

 

CleanSpark, Inc. 

	 	 	 	 
	 	 	Signature _____________	 
	 	 	Name _______________	 
	 	 	Title _________________	 

 

 

    	 	18	 

    	 

    

 

 

APPENDIX A

 

		1.	Products:

 

		1.1.	The information
                                                                                                                                                    (including but not limited to the quantity, rated hashrate, unit price
                                                                                                                                                    (“Unit Price”), total price for one item (“Total
                                                                                                                                                    Price (One Item)”), total price for all the items (“Total Purchase
                                                                                                                                                    Price”) of Products to be purchased by the Purchaser from ___________ is
                                                                                                                                                    as follows (“Products”):

 

		1.1.1	Product Type

 

	
         

        Type
	
         

        Details

	
         

        Product Name
	 
	
         

        Rated hashrate / unit
	
         

         

	
         

        Rated power / unit
	
         

         

	J/T@25°C environment temperature	
         

         

	
         

         

         

         

        Description

         

         

         

         

         

         

         

         

         
	
         

         

    	 	19	 

    	 

    

 

 

		1.1.2	Price, quantity and delivery:

 

	
         

         

        Batch
	
         

         

        Product
        Name
	
         

         

        Shipping Schedule
	
         

         

        Reference
        Quantity
	
         

        Total
        Rated Hashrate (T)

	
         

         

        1
	
         

         
	
         

         

         
	
         

         
	
         

         

	
         

         

        2
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        3
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        4
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        5
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        6
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        7
	
         

         
	
         

         
	
         

         
	
         

         

	
         

        8
	
         

         

         

         

         

         

         
	
         

         
	
         

         
	
         

         

    	 	20	 

    	 

    

 

 

	 	 	 	 	 
	
         

         

        9
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        10
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        11
	
         

         
	
         

         
	
         

         
	
         

         

	
         

         

        12
	
         

         
	
         

         
	
         

         
	
         

         

 

 

 

		1.1.3	Total price of the Products listed above: US$___________
Total Purchase Price: US $___________

 

		1.1.4	___________ shall arrange for shipping of the Product(s) to the place of delivery designated
by the Purchaser within seven (7) business days of receipt of Product(s) from its supplier.

 

 

		1.2.	Both Parties confirm and agree that, if and to the extent that ___________’s
                                                                supplier does not provide Product(s) with sufficient hashrate to ___________,
                                                                ___________ may adjust the total quantity based on the total hashrate provided that the total hashrate of the Product(s)
                                                                actually delivered to the Purchaser shall not be less than the total rated hashrate agreed in Article 1.1 of this Appendix A.
                                                                ___________ makes no representation that the quantity of the actually delivered Products shall be the same as the quantity
                                                                set forth in Article 1.1. of this Appendix A.

 

    	 	21	 

    	 

    

 

		1.3.	In the event that Bitmain publishes any new type of products with less J/T value and
                                                                  suspends the production of the type of the Products as agreed in this Agreement, ___________ shall be entitled to release
                                                                  itself from any future obligation to deliver any subsequent Products by 10-day prior notice to the Purchaser and continue to
                                                                  deliver new types of Products, the total rated hashrate of which shall be no less than such subsequent Products cancelled
                                                                  under this Agreement and the price of which shall be adjusted pro rata in accordance with the J/T value. In the event that
                                                                  the Purchaser explicitly refuses to accept new types of Products, the Purchaser is entitled to request for,
                                                                  and ___________ shall pay the Purchaser, within ten (10) business days of such
                                                                  request, a refund of the remaining balance of the purchase price already paid by the Purchaser together with an interest at
                                                                  0.0333% per day on such balance for the period from the next day following the payment date of such balance to the date
                                                                  immediately prior to the date of refund. If the Purchaser accepts the new types of Products delivered by Bitmain,
                                                                  ___________shall be obliged to deliver such new types of Products to fulfill its obligations under this Agreement. The
                                                                  Purchaser may request to lower the actual total hashrate of the Products delivered but shall not request to increase the
                                                                  actual total hashrate to the level exceeding the total rated hashrate as set out in this Agreement. After Bitmain publishes
                                                                  new types of Products and if Bitmain has not suspended the production of the types of Products under this Agreement,
                                                                  ___________ shall continue to delivery such agreed types of Products in accordance with this Agreement and the Purchaser
                                                                  shall not terminate this Agreement or refuse to accept the Products on the grounds that Bitmain has published new type(s) of
                                                                  Products.

 

		2.	The payment shall be arranged by the Purchaser as set forth in Appendix B.

 

		3.	Without prejudice to the above, the unit price and
the Total Purchase Price of the Product(s) and any amount paid by the Purchaser shall
be all denominated in USD. Where the Parties agree that the payments shall be made in cryptocurrencies, the exchange rate between
the USD and the cryptocurrency selected shall be determined and calculated as follows: The real time exchange rate between the
USD and the cryptocurrency displayed on the Bitmain’s website upon payment shall
apply. The exchange rate between the USD and the cryptocurrency shall be fixed according
to this provision. In any circumstance, the Purchaser shall not ask for any refund due to the change of exchange rate.

 

    	 	22	 

    	 

    

 

APPENDIX B

 

	
         

        Payments

	
         

        Due Date
	
         

        Amount (USD)
	
         

        Concept

	 	$	 
	 	$	 
	 	$	
         

         

	 	$	
         

         

	 	$	
         

         

	 	$	
         

         

	 	$	 
	 	$	
         

         

	 	$	 
	 	$	 
	 	$	 
	 	$	 
	 	$	 
	 	$	
         

         

	 	$	
         

         

	 	$	
         

         

	 	$	
         

         

	 	$	
         

         

 

    	 	23AGREEMENT
FOR SALE OF EQUIPMENT

This
Agreement for the Sale of Equipment (“Agreement”) is entered into on _________ (the “Effective
Date”), by and between _____________,
a __________________, with its principal place
of business at _________________________ (the “Seller”), and CleanSpark Inc., a Nevada
corporation, with its
principal place of
business at 8475
S Eastern Ave
Ste 200 Las
Vegas, NV
89123 USA (the “Buyer”).
In consideration of the mutual promises and conditions expressed herein, and other good and valuable consideration, Seller and
Buyer agree as follows:

1.      
Description and Quantity of Equipment. Seller shall transfer and deliver to Buyer,
and Buyer shall accept and pay for the equipment set forth in Exhibit A attached
hereto and made part hereof (the “Goods”).

2.      
Delivery; Risk of Loss. Seller shall deliver the Goods to Buyer at the delivery destination address via air freight
(delivery is being covered by the seller’s insurance),
specified in Exhibit A. Seller shall use commercially reasonable efforts to
deliver the Goods on the estimated delivery date set forth in Exhibit A, or within a reasonable
time thereafter. Seller shall not be held
liable to Buyer or any other party for any failure or delay in the delivery of any Goods. Buyer shall pay Seller the reasonable
cost of packaging the Goods. Shipment of Goods under this Agreement shall be F.O.B.
Byer’s destination.

3.      
Price; Payment. Buyer shall pay Seller the price for the Goods as listed on Exhibit A. Except as otherwise set forth
on Exhibit A, payment shall be made in full at the time of delivery, in
cash or by certified check. The price for the Goods covered by this Agreement excludes all transportation costs, freight, insurance,
and special handling and packaging, or any required federal, state or local sales or other taxes (except for taxes based on
Seller’s net income), duties, export or
custom charges, VAT
charges, brokerage or other fees, for which Buyer
shall be fully responsible.

4.      
Disclaimer of Express and
Implied Warranties. Seller warrants
that the Goods are as described in this Agreement, but no other express warranty is made with respect to the Goods. If any model
or sample was shown to Buyer, that model
or sample was used merely to illustrate the general type and quality of the Goods and not to represent that the Goods would necessarily
conform to the model or sample.

THE
GOODS SOLD UNDER THIS AGREEMENT ARE PURCHASED BY THE BUYER “AS IS” AND “WITH
ALL FAULTS”
AND SELLER DOES
NOT PROVIDE ANY
WARRANTY FOR
THE GOODS, INCLUDING
BUT NOT LIMITED
TO THE IMPLIED
WARRANTIES THAT
THE GOODS ARE OF MERCHANTABLE
QUALITY OR THAT
THE GOODS CAN BE USED FOR ANY PARTICULAR
PURPOSE.

5.      
Limitation of Liability; Actions. IN NO EVENT SHALL SELLER BE LIABLE UNDER THIS AGREEMENT TO
THE BUYER FOR ANY INCIDENTAL, CONSEQUENTIAL,
INDIRECT, STATUTORY,
SPECIAL, EXEMPLARY OR
PUNITIVE DAMAGES, INCLUDING, BUT NOT LIMITED TO, LOST
PROFITS, LOSS OF USE, LOSS OF TIME, SHUTDOWN OR SLOWDOWN COSTS, INCONVENIENCE, LOSS BUSINESS OPPORTUNITIES,
DAMAGE TO GOODWILL
OR REPUTATION,
OR OTHER ECONOMIC
LOSS, REGARDLESS OF
WHETHER SUCH LIABILITY
IS BASED ON BREACH OF CONTRACT,
TORT,
STRICT LIABILITY OR OTHERWISE, AND
EVEN IF ADVISED OF THE POSSIBILITY
OF SUCH DAMAGES
OR SUCH DAMAGES
COULD HAVE
BEEN REASONABLY
FORESEEN. THE LIABILITY OF SELLER, AND BUYER’S SOLE AND EXCLUSIVE REMEDY FOR
DAMAGES FOR ANY
CLAIM OF ANY
KIND WHATSOEVER
UNDER THIS AGREEMENT,
REGARDLESS OF LEGAL
THEORY,
SHALL NOT BE
GREATER
THAN THE ACTUAL
PURCHASE PRICE OF THOSE GOODS WITH RESPECT TO WHICH
SUCH CLAIM IS MADE.

NO
ACTION SHALL BE
BROUGHT FOR ANY
CLAIM RELATING
TO OR ARISING
OUT OF THIS
AGREEMENT MORE THAN ONE (1) YEAR AFTER THE ACCRUAL OF SUCH CAUSE OF ACTION, EXCEPT FOR MONEY
DUE ON AN OPEN ACCOUNT.

    	 		 

    	 

    

 

6.      
Governing Law; Venue.
Except as otherwise provided for herein, this Agreement and all rights and obligations of
the parties shall be governed by the Uniform Commercial Code as enacted and in force in the State of Wyoming.
The parties hereby agree that any action arising out of this Agreement will be brought solely
in any state or federal court located in the USA.

7.      
Entire Agreement; Modification;
Waiver.
This Agreement is the entire agreement between the parties with respect to the subject matter
hereof and supersedes any prior agreement or communications between the parties, whether written, oral, electronic, or otherwise.
No change or modification to this Agreement shall be valid unless in writing and signed by an authorized representative of the
parties. No waiver of any term or right in this Agreement shall be effective
unless in writing, signed by an authorized representative of the waiving party.
The failure of either party to enforce any provision of this Agreement shall not be construed
as a waiver or modification of such provision, or impairment of its right to enforce
such provision or any other provision of this Agreement thereafter.

In
witness of the mutual promises made above, Buyer and Seller have executed this agreement on the date set forth below.

	SELLER	 	BUYER	 
	 	 	 	 
	By: _________________________________	 	By: _________________________________	 
	Name: ______________________________	 	Name: ______________________________	 
	Title: _______________________________	 	Title: _______________________________	 
	Date: _______________________________	 	Date: _______________________________	 

    	 	2	 

    	 

    

 

EXHIBIT
A

EQUIPMENT LIST

 

COMMERCIAL
AND OTHER TERMS 

TOTAL PRICE:
$_______________

PAYMENT
TERMS:

 

ESTIMATED
DELIVERY DATE:

DELIVERY
DESTINATION
ADDRESS: CleanSpark Inc.
2380 Godby Rd
College Park, GA
30349 USA

WIRE
TRANSFER INSTRUCTIONS:

 

SPECIFICATIONS
(IF ANY):      

    	 	3

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