Document:

Exhibit
10.2

 

NEITHER
THE ISSUANCE AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE FORM,
THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA
FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

	Principal
  Amount: $900,000.00	Issue
  Date: August 31, 2022

 

CONVERTIBLE
PROMISSORY NOTE

 

FOR
VALUE RECEIVED Creek Road Miners, Inc., a Delaware corporation (hereinafter called the “Borrower”), hereby promises to
pay to the order of ALPHA CAPITAL ANSTALT (the “Holder”) the sum of $900,000 together with any interest as set forth
herein, on August 31, 2023 (the “Maturity Date”). Any amount of principal or interest on this Note which is not paid when
due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid (“Default
Interest”). Interest shall be computed on the basis of a 365-day year and the actual number of days elapsed. All payments due hereunder
(to the extent not converted into common stock (the “Common Stock”) in accordance with the terms hereof) shall be made in
lawful money of the United States of America. All payments shall be made at such address as the Holder shall hereafter give to the Borrower
by written notice made in accordance with the provisions of this Note. Each capitalized term used herein, and not otherwise defined,
shall have the meaning ascribed thereto in that certain Securities Purchase Agreement dated December 6, 2021, (the “Purchase Agreement”).

 

This
Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive
rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

 

The
following terms shall apply to this Note:

 

    	 

     

    

 

ARTICLE
I. CONVERSION RIGHTS

 

1.1
Conversion Right. The Holder shall have the right at any time while this note is outstanding in respect of the remaining outstanding
amount of this Note to convert all or any part of the outstanding and unpaid amount of this Note into fully paid and non-assessable shares
of Common Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into
which such Common Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion Price”) determined
as provided herein (a “Conversion”); provided, however, that in no event shall the Holder be entitled to convert
any portion of this Note in excess of that portion of this Note upon conversion of which the sum of (1) the number of shares of Common
Stock beneficially owned by the Holder and its affiliates (other than shares of Common Stock which may be deemed beneficially owned through
the ownership of the unconverted portion of the Notes or the unexercised or unconverted portion of any other security of the Borrower
subject to a limitation on conversion or exercise analogous to the limitations contained herein) and (2) the number of shares of Common
Stock issuable upon the conversion of the portion of this Note with respect to which the determination of this proviso is being made,
would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of Common Stock. For
purposes of the proviso to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and Regulations 13D-G thereunder, except as otherwise
provided in clause (1) of such proviso. The beneficial ownership limitations on conversion as set forth in the section may NOT be
waived by the Holder. The number of shares of Common Stock to be issued upon each conversion of this Note shall be determined by
dividing the Conversion Amount (as defined below) by the applicable Conversion Price then in effect on the date specified in the notice
of conversion, in the form attached hereto as Exhibit A (the “Notice of Conversion”), delivered to the Borrower by the Holder
in accordance with Section 1.4 below; provided that the Notice of Conversion is submitted by facsimile or e-mail (or by other means resulting
in, or reasonably expected to result in, notice) to the Borrower before 6:00 p.m., New York, New York time on such conversion date (the
“Conversion Date”); however, if the Notice of Conversion is sent after 6:00pm, New York, New York time the Conversion Date
shall be the next business day. The term “Conversion Amount” means, with respect to any conversion of this Note, the sum
of (1) the principal amount of this Note to be converted in such conversion plus (2) at the Holder’s option, accrued and
unpaid interest, if any, on such principal amount at the interest rates provided in this Note to the Conversion Date, plus (3)
at the Holder’s option, Default Interest, if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2)
plus (4) at the Holder’s option, any amounts owed to the Holder pursuant to Sections 1.4 hereof.

 

1.2
Conversion Price. The Conversion Price shall equal the Conversion Price of the Preferred Stock (as defined in the Purchase Agreement).

 

1.3
Authorized Shares. At all times when this Note is issued and outstanding, the Borrower covenants that it will reserve from its
authorized and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common
Stock upon the full conversion of this Note issued pursuant to the Purchase Agreement. The Borrower is required at all times to have
authorized and reserved two times the number of shares that is actually issuable upon full conversion of any outstanding notes of the
Borrower in favor of the Holder, respectively, based on the Conversion Price of each of the notes in effect from time to time (the “Reserved
Amount”). The Reserved Amount shall be increased from time to time in accordance with the Borrower’s obligations hereunder.
The Borrower represents that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition,
if the Borrower shall issue any securities or make any change to its capital structure which would change the number of shares of Common
Stock into which the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper
provision so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive
rights, for conversion of the outstanding Note. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to
issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall constitute
full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and issue the necessary
certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

 

If,
at any time the Borrower does not maintain the Reserved Amount it will be considered an Event of Default under Section 3.2 of the Note.

 

    	 

     

    

 

1.4
Method of Conversion.

 

(a)
Mechanics of Conversion. As set forth in Section 1.1 hereof, this Note may be converted by the Holder in whole or in part at any
time from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other
reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section
1.4(b), surrendering this Note at the principal office of the Borrower (upon payment in full of any amounts owed hereunder).

 

(b)
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note in
accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless the entire
unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the principal amount
so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the Holder and the Borrower,
so as not to require physical surrender of this Note upon each such conversion.

 

(c)
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail (or
other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this Section
1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates for the
Common Stock issuable upon such conversion within three (3) business days after such receipt (the “Deadline”) (and, solely
in the case of conversion of the entire unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and
the Purchase Agreement. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall be deemed to be the holder of record
of the Common Stock issuable upon such conversion, the outstanding principal amount and the amount of accrued and unpaid interest on
this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults on its obligations hereunder, all rights with
respect to the portion of this Note being so converted shall forthwith terminate except the right to receive the Common Stock or other
securities, cash or other assets, as herein provided, on such conversion. If the Holder shall have given a Notice of Conversion as provided
herein, the Borrower’s obligation to issue and deliver the certificates for Common Stock shall be absolute and unconditional, irrespective
of the absence of any action by the Holder to enforce the same, any waiver or consent with respect to any provision thereof, the recovery
of any judgment against any person or any action to enforce the same, any failure or delay in the enforcement of any other obligation
of the Borrower to the holder of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged
breach by the Holder of any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation
of the Borrower to the Holder in connection with such conversion.

 

(d)
Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock issuable
upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated Securities
Transfer (“FAST”) program, upon request of the Holder and its compliance with the provisions set forth herein, the Borrower
shall use its best efforts to cause its transfer agent to electronically transmit the Common Stock issuable upon conversion to the Holder
by crediting the account of Holder’s Prime Broker with DTC through its Deposit and Withdrawal at Custodian (“DWAC”)
system.

 

(e)
Failure to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion of
this Note is not delivered by the Deadline due to action and/or inaction of the Borrower, the Borrower shall pay to the Holder $2,000
per day in cash, for each day beyond the Deadline that the Borrower fails to deliver such Common Stock (the “Fail to Deliver Fee”);
provided; however that the Fail to Deliver Fee shall not be due if the failure is a result of a third party (i.e., transfer agent; and
not the result of any failure to pay such transfer agent) despite the best efforts of the Borrower to effect delivery of such Common
Stock; or if the failure to deliver is not the result of the willful and purposeful actions of the Borrower. Such cash amount shall be
paid to Holder by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written
notice to the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount
of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal amount
shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to convert is a
valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, interference with such conversion right are
difficult if not impossible to qualify. Accordingly, the parties acknowledge that the liquidated damages provision contained in this
Section 1.4(e) are justified.

 

    	 

     

    

 

1.5
Concerning the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless:
(i) such shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall
have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel
in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption
from such registration (such as Rule 144 or a successor rule) (“Rule 144”); or (iii) such shares are transferred to an “affiliate”
(as defined in Rule 144) of the Borrower who agrees to sell or otherwise transfer the shares only in accordance with this Section 1.5
and who is an Accredited Investor (as defined in the Purchase Agreement).

 

Any
restrictive legend on certificates representing shares of Common Stock issuable upon conversion of this Note shall be removed and the
Borrower shall issue to the Holder a new certificate therefore free of any transfer legend if the Borrower or its transfer agent shall
have received an opinion of counsel from Holder’s counsel, in form, substance and scope customary for opinions of counsel in comparable
transactions, to the effect that (i) a public sale or transfer of such Common Stock may be made without registration under the Act, which
opinion shall be accepted by the Company so that the sale or transfer is effected; or (ii) in the case of the Common Stock issuable upon
conversion of this Note, such security is registered for sale by the Holder under an effective registration statement filed under the
Act; or otherwise may be sold pursuant to an exemption from registration. In the event that the Company does not reasonably accept the
opinion of counsel provided by the Holder with respect to the transfer of Securities pursuant to an exemption from registration (such
as Rule 144), at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

 

1.6
Effect of Certain Events.

 

(a)
Effect of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially
all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which more
than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of the Borrower
with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall be deemed to be an Event of Default
(as defined in Article III) pursuant to which the Borrower shall be required to pay to the Holder upon the consummation of and as a condition
to such transaction an amount equal to the Default Amount (as defined in Article III). “Person” shall mean any individual,
corporation, limited liability company, partnership, association, trust or other entity or organization.

 

    	 

     

    

 

(b)
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion
of all of the Note, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares of
another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all or substantially
all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower, then the Holder of this
Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the terms and conditions specified
herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion, such stock, securities or assets which
the Holder would have been entitled to receive in such transaction had this Note been converted in full immediately prior to such transaction
(without regard to any limitations on conversion set forth herein), and in any such case appropriate provisions shall be made with respect
to the rights and interests of the Holder of this Note to the end that the provisions hereof (including, without limitation, provisions
for adjustment of the Conversion Price and of the number of shares issuable upon conversion of the Note) shall thereafter be applicable,
as nearly as may be practicable in relation to any securities or assets thereafter deliverable upon the conversion hereof. The Borrower
shall not affect any transaction described in this Section 1.6(b) unless (a) it first gives, to the extent practicable, ten (10) days
prior written notice (but in any event at least five (5) days prior written notice) of the record date of the special meeting of shareholders
to approve, or if there is no such record date, the consummation of, such merger, consolidation, exchange of shares, recapitalization,
reorganization or other similar event or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b)
the resulting successor or acquiring entity (if not the Borrower) assumes by written instrument the obligations of this Note. The above
provisions shall similarly apply to successive consolidations, mergers, sales, transfers or share exchanges.

 

(c)
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire its
assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any dividend
or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock of a subsidiary
(i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion of this Note
after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such assets which would
have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had such Holder been the holder
of such shares of Common Stock on the record date for the determination of shareholders entitled to such Distribution.

 

ARTICLE
II. MERGER

 

2.1
Merger. On July 19, 2022, the Company has announced that it has signed a non-binding term sheet with the intention to enter into
a binding and definitive merger agreement (the “Merger”) with Prairie Operating Co., LLC, a Delaware Limited Liability
Company.

 

2.2
Automatic Conversion. The Holder and Borrower agree that immediately prior to the closing of the Merger, and no later than one
(1) business day following notice via electronic mail from the Company to the address listed on the Holder’s signature page hereto
notifying Holder that the closing is imminent, the Holder will convert this entire Note at a ten percent (10%) discount of the amounts
owed hereunder into shares of the Company’s common stock at the lower of: (i) the then in effect Conversion Price; or (ii) the
lowest per share valuation attributed to the Company’s common stock in the Merger and any capital raise completed by the Company
in connection with the Merger (the “Automatic Conversion”). In the event the Merger does not occur the Automatic Conversion
shall be void ab initio.

 

ARTICLE
III. EVENTS OF DEFAULT

 

If
any of the following events of default (each, an “Event of Default”) shall occur:

 

3.1
Failure to Pay Principal and Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note,
whether at maturity or upon acceleration and such breach continues for a period of five (5) days after written notice from the Holder.

 

    	 

     

    

 

3.2
Conversion and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing
that it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with
the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form) any
certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when required
by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer agent in transferring
(or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued to the Holder upon conversion
of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs its transfer agent not to remove
or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or to withdraw any stop transfer instructions
in respect thereof) on any certificate for any shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to
this Note as and when required by this Note (or makes any written announcement, statement or threat that it does not intend to honor
the obligations described in this paragraph) and any such failure shall continue uncured (or any written announcement, statement or threat
not to honor its obligations shall not be rescinded in writing) for three (3) business days after the Holder shall have delivered a Notice
of Conversion. It is an obligation of the Borrower to remain current in its obligations to its transfer agent. It shall be an event of
default of this Note, if a conversion of this Note is delayed, hindered or frustrated due to a balance owed by the Borrower to its transfer
agent. If at the option of the Holder, the Holder advances any funds to the Borrower’s transfer agent in order to process a conversion,
such advanced funds shall be paid by the Borrower to the Holder within forty-eight (48) hours of a demand from the Holder.

 

3.3
Breach of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and
any collateral documents including but not limited to the Purchase Agreement and such breach continues for a period of twenty (20) days
after written notice thereof to the Borrower from the Holder.

 

3.4
Breach of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Purchase Agreement), shall
be false or misleading in any material respect when made and the breach of which has (or with the passage of time will have) a material
adverse effect on the rights of the Holder with respect to this Note or the Purchase Agreement.

 

3.5
Receiver or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or
apply for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed.

 

3.6
Bankruptcy. Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary,
for relief under any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary
of the Borrower.

 

3.7
Delisting of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTC (which
specifically includes the quotation platforms maintained by the OTC Markets Group) or an equivalent replacement exchange, the Nasdaq
National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock Exchange.

 

3.8
Failure to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act;
and/or the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

 

3.9
Liquidation. Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

 

    	 

     

    

 

3.10
Cessation of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay
its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going
concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

 

3.11
Financial Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC at any time
after 180 days after the Issuance Date for any date or period until this Note is no longer outstanding, if the result of such restatement
would, by comparison to the un-restated financial statement, have constituted a material adverse effect on the rights of the Holder with
respect to this Note or the Purchase Agreement.

 

3.12
Replacement of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide,
prior to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
pursuant to the Purchase Agreement (including but not limited to the provision to irrevocably reserve shares of Common Stock in the Reserved
Amount) signed by the successor transfer agent to Borrower and the Borrower.

 

3.13
Cross-Default. Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a
breach or default by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage
of all applicable notice and cure or grace periods, shall, at the option of the Holder, be considered a default under this Note and the
Other Agreements, in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder
under the terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. “Other Agreements”
means, collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2) the Holder
and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term “Other Agreements”
shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted with each other
loan transaction and with all other existing and future debt of Borrower to the Holder.

 

ARTICLE
IV. MISCELLANEOUS

 

4.1
Failure or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege
hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude
other or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

 

4.2
Notices. All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be
in writing and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified,
return receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified most
recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed effective (a)
upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address
or number designated below (if delivered on a business day during normal business hours where such notice is to be received), or the
first business day following such delivery (if delivered other than on a business day during normal business hours where such notice
is to be received) or (b) on the second business day following the date of mailing by express courier service, fully prepaid, addressed
to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for notice shall be as set forth
in the Purchase Agreement.

 

    	 

     

    

 

4.3
Amendments. This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the
Holder. The term “Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the
other Notes issued pursuant to the Purchase Agreement) as originally executed, or if later amended or supplemented, then as so amended
or supplemented.

 

4.4
Assignability. This Note shall be binding upon the Borrower and its successors and assigns and shall inure to be the benefit of
the Holder and its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule
501(a) of the Securities and Exchange Commission). Notwithstanding anything in this Note to the contrary, this Note may be pledged as
collateral in connection with a bona fide margin account or other lending arrangement; and may be assigned by the Holder without
the consent of the Borrower.

 

4.5
Cost of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

 

4.6
Governing Law. This Note shall be governed by and construed in accordance with the laws of the State of Delaware without regard
to principles of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by
this Note shall be brought only in the state courts of Delaware or in the federal courts located in the State of Delaware. The parties
to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not assert
any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive trial by
jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney’s fees and costs. In the event
that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under any applicable
statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed
modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable under any law shall
not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably waives personal service
of process and consents to process being served in any suit, action or proceeding in connection with this Note, any agreement or any
other document delivered in connection with this Note by mailing a copy thereof via registered or certified mail or overnight delivery
(with evidence of delivery) to such party at the address in effect for notices to it under this Note and agrees that such service shall
constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any
right to serve process in any other manner permitted by law.

 

4.7
Remedies. The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder,
by vitiating the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at
law for a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the
Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law or in
equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing any breach
of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic loss and without
any bond or other security being required.

 

4.8
Further Assurances. The Borrower shall do and perform, or cause to be done and performed, all such further acts and things, and
shall execute and deliver all such other agreements, certificates, instruments and documents, as the Holder may reasonably request in
order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated hereby
including but not limited to the conversion of this Note into shares of common stock whether by Rule 144 or a court approved settlement
of this Note into shares of common stock pursuant to Section 3(a)(10) of the Securities Act of 1933, as amended.

 

(Signature
Page Follow)

 

    	 

     

    

 

IN
WITNESS WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer as of the date written above.

 

	Creek
    Road Miners, Inc.	 
	 	 	 
	By:	/s/
    John D. Maatta	 
	Name:	John
    D. Maatta	 
	Title:
    	Chief
    Executive Officer	 

 

    	 

     

    

 

EXHIBIT
A — NOTICE OF CONVERSION

 

The
undersigned hereby elects to convert $ principal amount of the Note (defined below) into that number of shares of Common Stock to
be issued pursuant to the conversion of the Note (“Common Stock”) as set forth below, Creek Road Miners, Inc. (the “Borrower”)
according to the conditions of the convertible note of the Borrower dated as of August ___, 2022 (the “Note”), as of the
date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

 

Box
Checked as to applicable instructions:

 

[  ] The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the undersigned
or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

 

Name
of DTC Prime Broker:

Account Number:

 

[  ] The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock set
forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately below or,
if additional space is necessary, on an attachment hereto:

 

Date
of conversion:

 

Applicable
Conversion Price: $

 

Number
of shares of common stock to be issued pursuant to conversion of the Notes:

 

Amount
of Principal Balance due remaining under the Note after this conversion:

 

	ALPHA
    CAPITAL ANSTALT	 
	 	 	 
	By:		 
	Name:		 
	Title:	Authorized Signer	 
	Date:Exhibit 10.1

 

Execution
Version

 

GUARANTY

 

This GUARANTY (this “Guaranty”)
is dated as of September 6, 2022, by Cogent Communications Holdings, Inc., a Delaware corporation (hereinafter “Guarantor”),
as the direct parent company of Cogent Infrastructure, Inc., a Delaware corporation (hereinafter “Buyer”), in
favor of Sprint LLC, a Delaware limited liability company (hereinafter “Seller”). Capitalized terms used but not otherwise
defined herein shall have the meanings ascribed to such terms in the MIPA (as defined below).

 

W I T N E S S E T H

 

WHEREAS, concurrently with
the execution of this Guaranty, Buyer, Seller and Sprint Communications LLC, a Kansas limited liability company, are entering into a Membership
Interest Purchase Agreement (as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its
terms, the “MIPA”), pursuant to which (and subject to the conditions set forth in the MIPA) Buyer is purchasing from
Seller all of the issued and outstanding membership interests of the Company, following the completion of the Pre-Closing Restructuring
Transactions, including the Divisive Merger, as further described in the MIPA (the “Transaction”); and

 

WHEREAS, as an inducement
to the Seller and Company to enter into the MIPA, Guarantor desires to guarantee payment to Seller of Buyer’s obligations under
the MIPA and the Buyer Ancillary Documents (and the obligations of any Affiliates of Buyer under the Ancillary Documents).

 

NOW, THEREFORE, in consideration
of the premises set forth above and the covenants contained herein and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

		1.	Guarantor, intending to be legally bound, hereby absolutely, irrevocably and unconditionally guarantees
to Seller the due and punctual performance and discharge of all obligations of Buyer under the MIPA, all obligations of Buyer under each
Buyer Ancillary Document and all obligations of any Affiliate of Buyer (other than of Guarantor, which shall be directly responsible for
such obligations) under any Ancillary Document, in each case, as if Guarantor were a direct party thereto and whether monetary or otherwise
(collectively, the “Obligations”). All payments hereunder shall be made in lawful money of the United States, in immediately
available funds. References in the remainder of this Guaranty to “Buyer” shall be deemed to include (x) any Affiliate
of Buyer (other than Guarantor) with respect to such Affiliate’s obligations under any Ancillary Document and (y) any successor-in-interest
to Buyer or any such Affiliate under the MIPA or any Ancillary Document.

 

		2.	This Guaranty shall be construed as an unconditional, absolute, irrevocable, indivisible, cumulative and
continuing guaranty, both of payment and performance, and a separate Action may be brought and prosecuted against Guarantor to enforce
this Guaranty, irrespective of whether any Action is brought against Buyer or whether Buyer is joined in any such Action or Actions. Notwithstanding
the foregoing, Guarantor hereby reserves to itself all defenses, counterclaims and rights to set-off that Buyer is or may be entitled
to that arise out of the Transaction and that would be available to Buyer under the terms of the MIPA or any Ancillary Document, except
for those defenses that are based upon the insolvency, bankruptcy, or reorganization of Buyer, it being understood that this Guaranty
shall continue to be effective or be reinstated, as the case may be, if at any time any performance of the Obligations to Seller is rescinded
or must otherwise be returned by Seller upon the insolvency, bankruptcy, or reorganization of Buyer, or any other guarantor or otherwise,
all as though such performance had not been made.

 

     

     

    

 

		3.	Guarantor’s liability hereunder shall be limited to the performance of the Obligations, and in no
event shall Guarantor be subject hereunder to consequential, exemplary, equitable, loss of profits, punitive, or any other damages for
which Buyer would not be responsible in accordance with the MIPA or the applicable Ancillary Document.

 

		4.	Guarantor hereby unconditionally waives:

 

		a.	notice of acceptance hereof and of the Obligations and notice of the Transaction;

 

		b.	presentment, demand for payment, protest and notice of protest, and dishonor and default in any and all
forms of such indebtedness or liability of Buyer;

 

		c.	any requirement that suit be brought against Buyer, or any other person, or that any other action be taken
or not taken as a condition to Guarantor’s liability for the Obligations or as a condition to the enforcement of this Guaranty against
Guarantor; and

 

		d.	any rights that it may now have or hereafter acquire against Buyer that arise from the existence, payment,
performance, or enforcement of Guarantor’s obligations under or in respect of this Guaranty, including, without limitation, any
right of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy
of Seller against Buyer, whether or not such claim, remedy or right arises in equity or under contract or applicable law, including, without
limitation, the right to take or receive from Buyer, directly or indirectly, in cash or other property or by set off or in any other manner,
payment or security on account of such claim, remedy or right, unless and until the Obligations payable under this Guaranty shall have
been indefeasibly paid in full in immediately available funds.

 

		5.	In the event Buyer fails to discharge any of the Obligations when required, Seller may at any time and
from time to time, at Seller’s option, and so long as Buyer has failed to perform any of the Obligations, take any and all actions
available hereunder or under applicable Law to enforce Guarantor’s obligations hereunder in respect of such Obligations, subject
to the terms and conditions of this Guaranty. In furtherance of the foregoing, Guarantor acknowledges that, if the Obligations are due
or required to be performed pursuant to the MIPA, Seller may, in its sole discretion, bring and prosecute a separate action or actions
against Guarantor for the full amount of Guarantor’s liabilities hereunder in respect of the Obligations or otherwise with respect
to Guarantor’s requirement to perform the Obligations (subject to the terms and conditions of this Guaranty), regardless of whether
action is brought against Buyer or whether Buyer is joined in any such action or actions.

 

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		6.	Guarantor agrees that its obligations hereunder shall not be released or discharged, in whole or in part,
or otherwise affected by (i) the failure or delay on the part of Seller to assert any claim or demand or to enforce any right or
remedy against Buyer or any other person; (ii) any change in the time, place or manner of payment of the Obligations or any rescission,
waiver, compromise, consolidation or other amendment to, or modification of, any of the terms or provisions of the MIPA or any other agreement
or instrument referred to herein or in the MIPA or any other agreement evidencing, securing or otherwise entered into in connection with
the Obligations; (iii) the addition, substitution or release of any person now or hereafter liable with respect to the Obligation
or otherwise interested in the transactions contemplated by the MIPA; (iv) any change in the corporate
existence, structure or ownership of Buyer or any other person; or (v) the adequacy of any other means Seller may have of obtaining
payment related to the Obligations.

  

		7.	Guarantor represents and warrants to Seller as follows:

 

		a.	Guarantor is a corporation, duly organized, validly existing and in good standing under the Laws of the
jurisdiction of its organization. Guarantor has the requisite power and authority to execute, deliver and perform this Guaranty and to
consummate the transactions contemplated hereby. Buyer is a wholly owned Subsidiary of Guarantor.

 

		b.	The execution, delivery and performance of this Guaranty by Guarantor has been duly and validly authorized
and approved by all necessary action on the part of Guarantor and its governing body and/or equity holders, as and if applicable, and
do not require any further proceeding, authorization or consent of Guarantor or its governing body and/or equity holders, as and if applicable.
Guarantor has full power and authority to execute and deliver this Guaranty and to perform its obligations
hereunder. This Guaranty is (assuming the due authorization, execution and delivery by Seller), a legal, valid and binding agreement
of Guarantor, enforceable in accordance with its terms, except in each case as such enforceability may be limited by bankruptcy, moratorium,
insolvency, reorganization or other similar Laws affecting or limiting the enforcement of creditors’ rights generally and except
as such enforceability is subject to general principles of equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law).

 

		c.	The execution, delivery and performance by Guarantor of this Guaranty and the consummation by Guarantor
of the transactions contemplated hereby do not and will not, directly or indirectly, with or without notice or the passage of time or
both: (i) conflict with, violate, or result in any breach or event of default under any Organizational Documents of Guarantor; (b) conflict
with, violate, result in a breach of the terms and conditions of, or result in any breach, or event of default under any lease, Contract
or agreement to which Guarantor is a party or by which Guarantor or any of its assets or properties are bound; (c) conflict with,
violate or breach, any Law to which Guarantor, any of its assets or properties are bound; (d) give rise to any right of termination,
cancellation, modification, or acceleration of obligations under, or default (or event which with giving of notice or lapse of time, or
both, would become a default) or loss of any material benefit under any of the terms, conditions or provisions of any Contract or Permit
to which Guarantor is a party or by which Guarantor or any of its assets or properties are bound; (e) result in the imposition of
a Lien on any of the assets or properties of Guarantor; or (f) require the consent, approval or authorization of, or notice to or
a filing by Buyer with, any Governmental Authority or any other Person, except, in each of the foregoing clauses (b)-(f), as would not
reasonably be expected to materially impair Guarantor’s ability to perform its obligations under this Guaranty or otherwise materially
impede, prevent or delay the consummation of the transactions contemplated by this Guaranty.

 

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		d.	There is no Action pending or, to Guarantor’s knowledge, threatened against or affecting Guarantor
which would reasonably be expected to, individually or in the aggregate, prevent or materially delay or impair or otherwise materially
and adversely affect Guarantor’s ability to perform its obligations under this Guaranty or otherwise materially impede, prevent
or delay the consummation of the transactions contemplated by this Guaranty.

 

		e.	Guarantor has, or will have at the Closing, sufficient funds or immediate access thereto to make payment
of all of the payment Obligations. Notwithstanding anything to the contrary herein, the obligation of Guarantor to consummate the transactions
contemplated by this Guaranty is not subject to consummation of any financing
arrangements or obtaining financing or the availability of any financings to Guarantor or any of its Affiliates.

  

		f.	Guarantor acknowledges and understands and agrees that it is bound by the provisions of Section 5.8
of the MIPA.

 

		g.	There is no investment banker, broker, finder or other intermediary that has been retained by or is authorized
to act on behalf of Guarantor that is entitled to any fee or commission for which Seller or any of its Affiliates have any liability in
connection with the transactions contemplated by the MIPA or this Guaranty.

 

		h.	Assuming (a) the satisfaction of the conditions in Article 8 of the MIPA, (b) the accuracy
in all material respects of the representations and warranties set forth in Article 3 and Article 4 of the MIPA and in the Seller
Ancillary Documents and the Company Ancillary Documents, (c) the Company and its Subsidiaries (on a consolidated basis) are Solvent
immediately prior to the Closing, and (d) the most recent estimates, projections, forecasts or revenue or earning predictions regarding
the Company and its Subsidiaries furnished to Buyer or its Affiliates or Representatives have been prepared by them in good faith based
upon assumptions that were and continue to be reasonable, immediately after giving effect to the transactions contemplated by the MIPA
and this Guaranty, Guarantor shall be Solvent.

 

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		i.	Except as expressly set forth in this Section 7 and in the certificate Guarantor delivers
at the Closing pursuant to Section 7.1(c) of the MIPA, Guarantor makes no representation or warranty of any kind, nature or
description, express or implied, in connection with the transactions contemplated hereby or by the MIPA. The representations and warranties
of Guarantor set forth in this Section 7 and in the certificate Guarantor delivers at the Closing pursuant to Section 7.1(c) of
the MIPA are the only representations and warranties of or on behalf of Guarantor with respect to the subject matter of this Guaranty
or the MIPA or the transactions contemplated hereby or thereby.

 

		8.	Neither Guarantor nor Seller may assign or delegate their rights, interests or obligations hereunder (by
operation of law or otherwise) to any other Person without the prior written consent of the other party hereto. Any purported assignment
of this Guaranty in contravention of this Section 8 shall be null and void.

 

		9.	This Guaranty may not be revoked or terminated and shall remain in full force and effect and shall be
binding on the Guarantor, its successors and permitted assigns until the Obligations have been paid in full to Seller or performed in
full by Guarantor, as applicable, at which time this Guaranty shall terminate and the Guarantor shall have not further obligations hereunder.
Notwithstanding the foregoing, this Guaranty shall terminate automatically as of the earliest to occur of: (i) the valid termination
of the MIPA in accordance with its terms; provided that this Guaranty shall remain in effect with respect to Buyer’s obligations
under the MIPA that survive termination thereof and (ii) the date on which the Obligations have been paid or performed in full, as
applicable.

 

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		10.	Any notice pursuant to this Guaranty shall be in writing and shall be deemed delivered on the date of
personal delivery or confirmed e-mail transmission (other than by means of an automated reply) or confirmed delivery by a nationally recognized
courier service, and shall be addressed as follows (or to such other address as any party may request by written notice):

 

To Seller:

 

Sprint LLC

c/o T-Mobile USA, Inc.

12920 SE 38th Street 

Bellevue, Washington 98006 

Attention:  General Counsel

E-mail: Mark.Nelson@T-Mobile.com

 

with copies (which shall not constitute notice) to:

 

Sprint LLC 

c/o T-Mobile USA, Inc. 

12920 SE 38th Street 

Bellevue, Washington 98006 

Attention: Senior Vice President, Corporate
Strategy & Development 

E-mail: Peter.Ewens@T-Mobile.com

 

and

 

DLA Piper LLP (US)

500 8th Street, NW

Washington, DC 20004

Attention: Nancy Victory and Joe Alexander

E-mail: nancy.victory@us.dlapiper.com
and 

  joe.alexander@us.dlapiper.com

 

To Guarantor:

 

Cogent Communications Holdings, Inc.

2450 N Street, NW

Washington, DC 20037

Attention: John Chang

E-mail: jchang@cogentco.com

 

with copies (which shall not constitute notice) to:

 

Latham &
Watkins LLP 

555 Eleventh
Street NW, Suite 1000 

Washington,
DC 20004-1304 

Attention: David
S. Dantzic and Marc A. Granger 

E-mail: david.dantzic
@lw.com and 

  marc.granger@lw.com

 

or to such other address or addresses
as a party may from time to time designate in writing.

 

		11.	This Guaranty and the negotiation, execution, performance or nonperformance, interpretation, termination,
construction and all matters based upon, arising out of or related to this Guaranty, whether arising in Law or in equity (collectively,
the “Covered Matters”), and all Claims or Actions (whether in contract, tort or otherwise) that may be based upon,
arise out of or relate to the Covered Matters shall be governed by, and construed in accordance with, the Laws of the State of Delaware
without giving effect to its principles or rules of conflicts of Laws to the extent such principles or rules are not mandatorily
applicable by statute and would require or permit the Laws of another jurisdiction.

  

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		12.	All Actions arising out of or relating to this Guaranty shall be heard and determined exclusively, first,
in the Court of Chancery located in New Castle County in the State of Delaware (and any appellate court thereof located in such county)
and, to the extent such court (or appellate court) lacks jurisdiction over an Action, the United States District Court located in New
Castle County in the State of Delaware (and any appellate court thereof), and each party hereby irrevocably submits to the exclusive jurisdiction
of such courts (and, in the case of appeals, appropriate appellate courts therefrom) in any such Action and irrevocably waives, to the
fullest extent permitted by Law, any objection that it may now or hereafter have to the laying of the venue of any such suit, Action or
proceeding in any such court or that any such suit, Action or proceeding brought in any such court has been brought in an inconvenient
forum. The consents to jurisdiction set forth in this Section 12 shall not constitute general consents to service of process
in the State of New York and shall have no
effect for any purpose except as provided in this Section 12 and shall not be deemed to confer rights on any third party.
The parties hereto agree that a final judgment in any such Action shall be conclusive and may be enforced in other jurisdictions by suit
on the judgment or in any other manner provided by Law.

 

		13.	THE PARTIES TO THIS GUARANTY HEREBY IRREVOCABLY WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING
OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THIS GUARANTY OR THE ACTIONS OF GUARANTOR
OR SELLER IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT HEREOF.

 

		14.	No amendment or waiver of compliance with any provision hereof or consent pursuant to this Guaranty shall
be effective unless evidenced by an instrument in writing signed by the party against whom enforcement of such amendment, waiver, or consent
is sought. The waiver by any party hereto of a breach of any provision of this Guaranty shall not operate or be construed as a further
or continuing waiver of such breach or as a waiver of any other subsequent breach. No failure on the part of either party hereto to exercise,
and no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial exercise
of such right, power or remedy by such party preclude any other or further exercise thereof of the exercise of any other right, power
or remedy.

 

		15.	This Guaranty and the documents referred to herein (including the MIPA and the Buyer Ancillary Documents)
contain the complete agreement between the parties and their respective affiliates with respect to the transactions contemplated hereby
and supersede any prior understandings, agreements or representations by or between the parties or their respective affiliates, written
or oral, that may have related to the subject matter hereof in any way.

 

		16.	Nothing expressed or referred to in this Guaranty shall be construed to give any person other than the
parties to this Guaranty any legal or equitable right, remedy or claim under or with respect to this Guaranty or any provision of this
Guaranty; provided that, if, after the Closing, an Affiliate of Seller is party to an Ancillary Document to which Buyer or any
of its Affiliates (other than Guarantor) is party, such Affiliate of Seller shall be, and hereby is designated, as an express third party
beneficiary of Seller’s rights under this Guaranty.

 

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		17.	In the event that any one or more of the provisions or parts of a provision contained in this Guaranty
shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall
not affect any other provision or part of a provision of this Guaranty, and this Guaranty shall be reformed and construed as if such invalid,
illegal or unenforceable provision or part of a provision had never been contained herein and such provision or part shall be reformed
so that it would be valid, legal and enforceable to the maximum extent permitted by Law; provided that any such reform or construction
does not affect the economic or legal substance of this Guaranty and the transactions contemplated hereby in a manner adverse to any party
and, if any such reform or construction does affect the economic or legal substance of this Guaranty and the transactions contemplated
hereby in a manner adverse to any party, the parties shall negotiate in good faith a replacement provision for such invalid, illegal or
unenforceable provision which shall accomplish the original intention of the parties with respect to such provision to the greatest extent
practicable.

 

		18.	This signed Guaranty and any amendment to it may be delivered by facsimile or exchanged by e-mail or any
other reliable electronic transmission, and may be stored electronically as a photocopy (such as in .pdf format), which shall be deemed
to be an original signature for purposes of this Guaranty and shall be binding upon Guarantor as an original signature. The parties’
consent to the use of facsimile, electronic and/or digital signatures for execution of the Guaranty and further agree that use of facsimile,
electronic and/or digital signatures will be binding, enforceable, and admissible into evidence in any dispute regarding the Guaranty.
This Guaranty may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall
constitute one and the same instrument.

 

		19.	This Guaranty shall be treated as confidential by the parties and each of the parties shall not, and shall
cause each of their respective Affiliates not to, and shall instruct its and their Representatives not to, disclose, use circulate, quote
or otherwise refer to in any publicly-available document (other than the MIPA) this Guaranty, except with the prior written consent of
the other party; provided, however, that each of the parties may disclose this Guaranty (i) to its Affiliates
and Representatives who need to know the terms of this Guaranty in connection with the negotiation or furtherance of the transactions
contemplated by the MIPA, (ii) to the extent required by Law or the applicable rules of any national securities exchange (provided,
further, that such disclosing party shall provide the other party with prompt written notice, to the extent legally permitted,
of any such requirement so that such party, at its own expense, can seek a protective order or other appropriate remedy), (iii) in
connection with any litigation to enforce the terms of this Guaranty and (iv) to the extent it has become publicly-available information
other than in breach of this Section 19.

 

		20.	The parties hereto agree that, in the event of any breach or threatened breach by any party hereto or
any party of any covenant, obligation or other agreement set forth in this Guaranty, to the extent specific performance (or such other
remedy) would be available against Buyer with respect to the applicable subject matter under the MIPA or an Ancillary Document, (i) each
party shall be entitled, without any proof of actual damages (and in addition to any other remedy that may be available to it), to specific
performance to enforce the observance and performance of such covenant, obligation or other agreement and an injunction preventing or
restraining such breach or threatened breach, and (ii) no party hereto shall be required to provide or post any bond or other security
or collateral in connection with any such decree, order or injunction or in connection with any related Action. Any and all remedies herein
expressly conferred herein upon a party hereto shall be deemed to be cumulative with, and not exclusive of, any other remedy conferred
hereby, or by Law or in equity upon such party, and the exercise by a party hereto of any one remedy will not preclude the exercise of
any other remedy.

 

[Signature pages follow]

 

     8

     

    

 

IN WITNESS WHEREOF, Guarantor
has duly executed this Guaranty on the date first mentioned above.

 

	 	GUARANTOR:
	 	 
	 	COGENT COMMUNICATIONS HOLDINGS, INC.
	 	 
	 	By:	/s/ David Schaeffer	 

	 	 	Name:	David Schaeffer
	 	 	Title:	President and Chief Executive Officer

 

[Guarantor Signature
Page to Guaranty]

 

     

     

    

 

IN WITNESS WHEREOF, Seller
has duly executed this Guaranty on the date first mentioned above.

 

	 	SELLER:
	 	 
	 	SPRINT LLC
	 	 
	 	By:	/s/ Peter Osvaldik	 

	 	 	Name:	Peter Osvaldik
	 	 	Title:	Executive Vice President &

 Chief Financial Officer

 

[Seller
Signature Page to Guaranty]

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