Document:

EX-10.10

 Exhibit 10.10 

CONSULTING AND SCIENTIFIC ADVISORY BOARD AGREEMENT 

This Consulting and Scientific Advisory Board Agreement (the “Agreement”), made as of this 25th day of July, 2019 (the
“Effective Date”), is made between Third Harmonic Bio, Inc., a Delaware corporation (the “Company”), and H. Martin Seidel (“Consultant”). 

WITNESSETH 
 WHEREAS, the Company
desires to have the benefit of Consultant’s knowledge and experience in the field of c-Kit inhibitors (collectively, the “Field”), and Consultant desires to provide consulting services to
the Company, all as hereinafter provided in this Agreement; 
 WHEREAS, the Company desires to have Consultant serve as a member of the
Company’s Scientific Advisory Board (the “SAB”); and Consultant desires to serve as a member of the SAB; and 
 NOW
THEREFORE, in consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, the parties agree as follows: 

1. Consultant and SAB Member. The Company hereby retains Consultant as a consultant and as a member of the SAB, and Consultant agrees to
serve the Company as a consultant and as a member of the SAB upon the terms and conditions hereinafter set forth. 
 2. Term. The term
of Consultant’s consulting arrangement hereunder shall commence on the Effective Date and shall continue in effect until such time as it may be terminated under Section 5 (such period, the “Consultation Period”). 

3. Consultation and SAB Duties. 

3.1. During the Consultation Period, Consultant shall (i) consult with and advise the Company or the Company’s designee(s) in his
field of expertise and knowledge on matters related to the business, products, research, development and technologies of the Company in the Field, (ii) prepare in advance for, attend (either in person or by telephone) and participate as a
member in two (2) SAB meetings per year (when and if scheduled by the Company and while he is a member and is requested to attend), and (iii) provide such additional consulting and advisory services related to the Field as the Company may
reasonably request from time to time. 
 3.2. In connection with the execution of this Agreement, Consultant shall be elected to serve as a
director of the Company. 
 4. Compensation. 

4.1. Fees. During the Consultation Period, the Company shall pay to Consultant a fee in cash of $25,000 per year, paid in quarterly
installments in arrears, in connection with the performance of services hereunder, including his service as a member of the SAB. The pay for any partial quarter shall be prorated. 

 4.2. Equity. As additional consideration for the Consultant’s services, in
addition to the fee provided for in Section 4.1 hereof, the Company shall grant to the Consultant, subject to the approval of the Company’s Board of Directors and the execution of a restricted stock agreement, a restricted stock award for
172,240 shares of the Company’s common stock (the “Shares”), which shall vest as follows: twenty-five percent (25%) of the Shares on the first anniversary of the Effective Date, and the balance of the Shares in equal quarterly
installments of 6.25% of the Shares thereafter until the fourth anniversary of the Effective Date. The Shares shall otherwise be subject to the terms and conditions of the Company’s 2019 Stock Incentive Plan (the “Plan”) and a
restricted stock agreement under the Plan, which shall be in a form approved by the Company’s Board of Directors. The Consultant understands and agrees that this additional consideration has been mutually agreed upon by the Company and the
Consultant, is fair and reasonable, and is sufficient consideration in exchange for the restrictions set forth in Section 9 of this Agreement. 

4.3. Reimbursement of Expenses. The Company shall reimburse Consultant for all reasonable and necessary expenses incurred or paid by
Consultant in connection with or related to the performance of his consulting services and attendance at SAB meetings pursuant to this Agreement (the “Expenses”). The Consultant shall submit to the Company itemized monthly
statements, in a form satisfactory to the Company, of such expenses incurred in the previous month. The Company shall pay to the Consultant amounts shown on each such statement within thirty (30) days after receipt thereof. Notwithstanding the
foregoing, the Consultant shall not incur total expenses in excess of $500.00 per month without the prior written approval of the Company. 

4.4. Benefits. Consultant shall not be entitled to any benefits, coverage or privileges, including, without limitation, health
insurance, social security, unemployment, medical or pension payments, made available to employees of the Company. 
 5. Termination.
This Agreement and the Consultation Period may be terminated in the following manner: (a) by either the Company or Consultant upon not less than thirty (30) days prior written notice to the other party; (b) by the Company, immediately
upon written notice to Consultant if Consultant has materially breached this Agreement, including without limitation any provision of Section 7 or 9, or threatens to breach any provision of Section 7 or 9; (c) by Consultant, upon ten
(10) days’ prior written notice if the Company has materially breached this Agreement and has not cured such breach within such ten (10) day period; or (d) at any time upon the mutual written consent of the parties hereto. In the
event of termination, Consultant shall be entitled to payment for services performed and Expenses paid or incurred, subject to the limitation in Section 4.3, prior to the effective date of termination that have not been previously paid. Such
payment shall constitute full settlement of any and all claims of the Consultant of every description against the Company. The following provisions shall survive expiration or termination of this Agreement: Section 5 and Sections 7 through 20.

 6. Cooperation. Consultant shall use his best efforts in the performance of his obligations under this Agreement. The Company shall
provide such access to its information and property as may be reasonably required in order to permit Consultant to perform Consultant’s obligations hereunder. Consultant shall cooperate with the Company’s personnel, shall not interfere
with the conduct of the Company’s business and shall observe all rules, regulations and security requirements of the Company concerning the safety of persons and property. 

 7. Proprietary Information and Inventions. 

7.1. Proprietary Information. 

7.1.1. The Consultant acknowledges that Consultant’s relationship with the Company is one of high trust and confidence and that in the
course of Consultant’s service to the Company, Consultant will have access to and contact with Proprietary Information (as defined below). Consultant will not disclose any Proprietary Information to any person or entity other than employees of
the Company or use the same for any purposes (other than in the performance of services hereunder) without written approval by an officer of the Company, either during or after the Consultation Period, unless and until such Proprietary Information
has become public knowledge without fault by Consultant. 
 7.1.2. For purposes of this Agreement, “Proprietary Information” shall
mean, by way of illustration and not limitation, all information, whether or not in writing, whether or not patentable and whether or not copyrightable, of a private, secret or confidential nature, owned, possessed or used by the Company, concerning
the Company’s business, business relationships or financial affairs, including, without limitation, any Invention, formula, trade secret, process, research, report, technical or research data, clinical data,
know-how, software, technology, product, processes, methods, techniques, formulas, compounds, projects, developments, marketing or business plan, forecast, unpublished financial statement, budget, license,
price, cost, customer, supplier or personnel information or employee list that is communicated to, learned of, developed or otherwise acquired by Consultant in the course of Consultant’s service as a consultant to the Company. 

7.1.3. Consultant’s obligations under this Section 7.1 shall not apply to any information that (i) is or becomes known to the
general public under circumstances involving no breach by Consultant or others of the terms of this Section 7.1, (ii) is in Consultant’s possession at the time of disclosure other than as a result of Consultant’s breach of any legal
obligation or (iii) is approved for release by written authorization of an officer of the Company. Consultant may disclose Proprietary Information to the extent compelled by applicable law or court order; provided, however, that prior to such
disclosure, Consultant shall provide prior written notice to the Company so that the Company may seek a protective order or other appropriate limitation on disclosure as may be available under applicable law, and Consultant shall cooperate fully
with the Company in such efforts. In any event, Consultant may disclose only such portion of the Proprietary Information that Consultant is legally required to disclose. 

7.1.4. Consultant agrees that all files, documents, letters, memoranda, reports, records, data sketches, drawings, models, laboratory
notebooks, program listings, computer equipment or devices, computer programs or other written, photographic, or other tangible material containing Proprietary Information, whether created by Consultant or others, which shall come into
Consultant’s custody or possession, shall be and are the exclusive property of the Company to be used by Consultant only in the performance of Consultant’s duties for the Company and shall not be copied or removed from the Company premises
except in the pursuit of the business of the Company. All such materials or copies thereof and all tangible property of the Company in the custody or possession of Consultant shall be delivered to the Company, upon the earlier of (i) a request
by the Company or (ii) the termination of this Agreement. After such delivery, Consultant shall not retain any such materials or copies thereof or any such tangible property. 

 7.1.5. Consultant agrees that Consultant’s obligation not to disclose or to use
information and materials of the types set forth in Sections 7.1.2 and 7.1.4, and Consultant’s obligation to return materials and tangible property set forth in Sections 7.1.4, extends to such types of information, materials and tangible
property of customers of the Company or suppliers to the Company or other third parties who may have disclosed or entrusted the same to the Company or to Consultant. 

7.1.6. Consultant acknowledges that the Company from time to time may have agreements with other persons or with the United States Government,
or agencies thereof, that impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the confidential nature of such work. Consultant agrees to be bound by all such
obligations and restrictions that are known to Consultant and to take all action necessary to discharge the obligations of the Company under such agreements. 

7.2. Inventions. 
 7.2.1.
All inventions, ideas, creations, discoveries, computer programs, works of authorship, data, developments, technology, designs, innovations and improvements (whether or not patentable and whether or not copyrightable) which are made, conceived,
reduced to practice, created, written, designed or developed by Consultant, solely or jointly with others or under Consultant’s direction and whether during normal business hours or otherwise, (i) during the Consultation Period, in the
course of performing services hereunder or otherwise related to the business of the Company, or (ii) during or after the Consultation Period if resulting or directly derived from Proprietary Information (collectively under clauses (i) and
(ii), “Inventions”), shall be the sole property of the Company. Consultant hereby assigns to the Company all Inventions and any and all related patents, copyrights, trademarks, trade names, and other industrial and intellectual
property rights and applications therefor, in the United States and elsewhere and appoints any officer of the Company as Consultant’s duly authorized attorney to execute, file, prosecute and protect the same before any government agency, court
or authority. Consultant further acknowledges that each original work of authorship which is made by Consultant (solely or jointly with others) within the scope of the Agreement and which is protectable by copyright is a “work made for
hire,” as that term is defined in the United States Copyright Act. 
 7.2.2. Consultant agrees that if, in the course of performing
services hereunder, Consultant incorporates into any Invention developed under this Agreement any preexisting invention, improvement, development, concept, discovery or other proprietary information owned by Consultant or in which Consultant has an
interest (“Prior Inventions”), (i) Consultant will inform the Company, in writing before incorporating such Prior Inventions into any Invention, and (ii) the Company is hereby granted a nonexclusive, royalty-free, perpetual,
irrevocable, transferable worldwide license with the right to grant and authorize sublicenses, to make, have made, modify, use, import, offer for sale, sell, reproduce, distribute, modify, adapt, prepare derivative works of, display, perform, and
otherwise exploit such Prior Inventions, without restriction, including, without limitation, as part of or in connection with such Invention, and to practice any method related thereto. 

 7.2.3. Consultant will not incorporate any invention, improvement, development, concept,
discovery or other proprietary information owned by any third party into any Invention without the Company’s prior written permission. 

7.2.4. Upon the request of the Company and at the Company’s expense, Consultant shall execute such further assignments, documents and
other instruments as may be necessary or desirable to fully and completely assign all Inventions to the Company and to assist the Company in applying for, obtaining and enforcing patents or copyrights or other rights in the United States and in any
foreign country with respect to any Invention. Consultant also hereby waives all claims to moral rights in any Inventions. 
 7.2.5.
Consultant shall promptly disclose to the Company all Inventions and will maintain adequate and current written records (in the form of notes, sketches, drawings and as may be specified by the Company) to document the conception and/or first actual
reduction to practice of any Invention. Such written records shall be available to and remain the sole property of the Company at all times. 

8. Independent Contractor Status. 

8.1. Consultant shall perform all services under this Agreement as an independent contractor and not as an employee or agent of the Company.
Consultant is not authorized to assume or create any obligation or responsibility, express or implied, on behalf of, or in the name of, the Company, or to bind the Company in any manner. 

8.2. Consultant shall have the right to control and determine the time, place, methods, manner and means of performing the services, provided
that Consultant shall not use any of the following in the performance of the services: (a) any direct or indirect financial support received from any institution or entity, including without limitation any academic or not-for-profit institution with which Consultant may be affiliated (the “Other Entity”) or (b) use any of the space, facilities, materials or other
resources of the Other Entity. In performing the services, the amount of time devoted by the Consultant on any given day will be entirely within Consultant’s control, and the Company will rely on the Consultant to put in the amount of time
necessary to fulfill the requirements of this Agreement. Consultant will provide all equipment and supplies required to perform the services. Consultant is not required to attend regular meetings at the Company. However, upon reasonable notice,
Consultant shall meet with representatives of the Company at a location to be designated by the parties to this Agreement. 
 8.3. In the
performance of the services, Consultant has the authority to control and direct the performance of the details of the services, the Company being interested only in the results obtained. However, the services contemplated by the Agreement must meet
the Company’s standards and approval and shall be subject to the Company’s general right of inspection and supervision to secure their satisfactory completion. 

8.4. Consultant shall not use the Company’s trade names, trademarks, service names or service marks without the prior approval of the
Company. 

 8.5. Consultant shall be solely responsible for all state and federal income taxes,
unemployment insurance and social security taxes in connection with this Agreement and shall indemnify, defend and hold harmless the Company and its successors and assigns from and against any claim, demand, liability, damage, cost or expense
(including without limitation attorneys’ fees, back wages, liquidated damages, penalties or interest) resulting from Consultant’s failure to pay such taxes and associated penalties and payments. 

9. No Conflict of Interest: Nonsolicitation: Exclusive Commitment. 

9.1. Consultant retains the right to contract with other companies or entities for Consultant’s consulting services without restriction;
provided, however, that Consultant represents and warrants to the Company that, as of the Effective Date, he is not a party to any agreement or arrangement which would constitute a conflict of interest or that would conflict with the terms of this
Agreement, or would prevent him from carrying out his obligations to the Company under this Agreement, and during the Consultation Period, Consultant shall not enter into such an agreement or arrangement without first notifying the Company. If
Consultant fails to notify the Company of such an agreement or arrangement within fifteen (15) days of the effectiveness thereof, the Company shall have the right to terminate this Agreement immediately pursuant to Section 5. 

9.2. Consultant further agrees that for the duration of the Consultation Period and for six (6) months thereafter, Consultant shall not,
either alone or in association with others, (i) solicit, or permit any organization directly or indirectly controlled by Consultant to solicit, any employee of the Company to leave the employ of the Company or any consultant to the Company to cease
providing services to the Company, or (ii) solicit for employment, hire or engage as an independent contractor, or permit any organization directly or indirectly controlled by Consultant to solicit for employment, hire or engage as an
independent contractor, any person who was employed by the Company at any time during the term of the Consultation Period; provided that this Section 9.2 shall not apply to any individual whose employment with the Company has been terminated
for a period of six (6) months or longer. For the avoidance of doubt, this Section 9.2 shall not apply to (i) general advertising or solicitation not specifically targeted at the Company, its employees, independent contractors or
consultants, (ii) Consultant serving as a reference, upon request, for any employee, independent contractor or consultant of the Company, and (iii) actions taken by any person or entity with which Consultant is associated if Consultant is
not personally involved in any manner in the hiring, recruitment, solicitation or engagement of any such individual (including but not limited to identifying any such individual for hiring, recruitment, solicitation or engagement). 

9.3. Consultant understands the confidential nature of the Proprietary Information he/she will acquire or develop in performing services under
this Agreement, including while serving on the SAB. Consultant acknowledges that if such Proprietary Information were revealed to competitors of the Company, then such disclosure could cause substantial damage to the Company. Therefore, for the
duration of the Restricted Period, Consultant shall consult exclusively with the Company in the Field and shall not, in the Applicable Territory, engage, or assist others in engaging, in any business, enterprise or activities (whether as owner,
partner, officer, director, employee, consultant, member ofa scientific advisory board for (or other board, 

 committee or organization), investor, lender or otherwise, except as the holder of not more than 1% of the
outstanding stock of a publicly-held company) that is competitive with the Company’s business or activities in the Field, including but not limited to any business or enterprise that researches, develops, manufactures, markets, licenses, sells
or provides any product or service that competes with any product or service researched, developed, manufactured, marketed, licensed, sold or provided, or planned to be researched, developed, manufactured, marketed, licensed, sold or provided, by
the Company while the Consultant was providing services hereunder (a “Competitive Company”), if the Consultant would be performing a job or job duties or services for the Competitive Company that is or are similar to the job or job
duties or services that the Consultant performed for the Company at any time during the last one (1) year of the Consultant’s engagement with the Company. 

9.4. Solely for purposes of this Section 9, the following definitions shall apply: 

9.4.1. the “Restricted Period” shall include the duration of Consultant’s engagement with the Company and the six
(6) month period thereafter. Notwithstanding the foregoing, the Restricted Period shall end immediately upon the last day of Consultant’s engagement with the Company if the Company terminates Consultant’s engagement other than for
Cause (as defined below). 
 9.4.2. “Applicable Territory” shall mean the geographic areas in the United States in which
the Company conducts its business, including research, development, and/or sales, or has plans as of Consultant’s termination date to conduct its business, including research, development, and/or sales (it being understood and agreed that
Consultant’s work for the Company will materially influence the Company’s business throughout the Applicable Territory). 
 9.4.3.
“Cause” shall mean any of: (a) Consultant’s conviction of, or plea of guilty or nolo contendere to, any crime involving dishonesty or moral turpitude, or any felony; or (b) a good faith finding by the Company in its
sole discretion that Consultant has (i) engaged in dishonesty, misconduct or gross negligence; (ii) committed an act that injures or would reasonably be expected to injure the reputation, business or business relationships of the Company;
(iii) breached the terms of this Agreement or any other restrictive covenant or confidentiality agreement with or policy of the Company; (iv) failed or refused to comply with any of the Company’s policies or procedures applicable to
Consultant; or (v) failed to perform Consultant’s duties and/or responsibilities to the Company’s satisfaction. 
 10.
Other Agreements: Warranty. 
 10.1. Consultant hereby represents that, except as Consultant has disclosed in writing to the Company,
Consultant is not bound by the terms of any agreement with any third party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of Consultant’s consultancy with the Company, to refrain
from competing, directly or indirectly, with the business of such third party or to refrain from soliciting employees, customers or suppliers of such third party. Consultant further represents that Consultant’s performance of all the terms of
this Agreement and the performance of the services as a consultant of the Company do not and will not breach any agreement with any third party to which Consultant is a party (including, without limitation, any nondisclosure or non-competition agreement), and that Consultant will not disclose to the Company or induce the Company to use any confidential or proprietary information or material belonging to any current or previous employer or
others. 

 10.2. Consultant hereby represents, warrants and covenants that Consultant (a) has the
skills and experience necessary to perform the services hereunder, (b) will perform such services in a professional, competent and timely manner, (c) will render such services in compliance with all applicable laws, rules and regulations,
including but not limited to the U.S. Food, Drug and Cosmetic Act, as amended from time to time and (d) has not been debarred and is not under consideration to be debarred by the U.S. Food and Drug Administration from working in or providing
consulting services to any pharmaceutical or biotechnology company under the Generic Drug Enforcement Act of 1992. Further, Consultant hereby represents, warrants and covenants that Consultant has the power to enter into this Agreement and that
Consultant’s performance hereunder will not infringe upon or violate the rights of any third party or violate any federal, state or municipal laws. If Consultant is a faculty member at or employee of a university or hospital or of another
company (“Institution”), Consultant represents, warrants and covenants that, pursuant to such Institution’s policies concerning professional consulting and additional workload, Consultant is permitted to enter into this
Agreement. If Consultant is required to disclose this Agreement to such Institution, Consultant has made such disclosure. 
 11.
Publicity. Consultant consents to the use by the Company of his name, biographical information and likeness on its website, in its written materials, and in its oral presentations, provided that such website, materials or presentations
accurately describe Consultant and the nature of Consultant’s relationship with or contribution to the Company. 
 12. Remedies.
Consultant acknowledges that any breach of the prov1s1ons of Sections 7 or 9 shall result in serious and irreparable injury to the Company for which the Company cannot be adequately compensated by monetary damages alone. Consultant agrees,
therefore, that, in addition to any other remedy the Company may have, the Company shall be entitled to enforce the specific performance of this Agreement by Consultant and to seek both temporary and permanent injunctive relief (to the extent
permitted by law) without the necessity of proving actual damages or posting a bond. 
 13. Notices. All notices required or permitted
under this Agreement shall be in writing delivered by a recognized national overnight courier, personal delivery or facsimile transmission to the address or fax number set forth beneath a party’s signature below (or such other address as a
party shall designate to the other) and shall be deemed effective upon receipt. The parties shall designate any new address and facsimile numbers in written notices from time to time. 

14. Pronouns. Whenever the context may require, any pronouns used in this Agreement shall include the corresponding masculine, feminine
or neuter forms, and the singular forms of nouns and pronouns shall include the plural, and vice versa. 
 15. Entire Agreement. This
Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings (including any prior consulting agreement, if applicable), whether written or oral, relating to the subject matter of this
Agreement. 

 16. Amendment. This Agreement may be amended or modified only by a written instrument
executed by both the Company and Consultant. 
 17. Governing Law. This Agreement shall be construed, interpreted and enforced in
accordance with the laws of the Commonwealth of Massachusetts, without regard to any choice of law principle that would dictate the application of the law of another jurisdiction. 

18. Successors and Assigns. This Agreement shall be binding upon, and inure to the benefit of, both parties and their respective
successors and assigns, including any corporation with which, or into which, the Company may be merged or which may succeed to its assets or business, provided, however, that the obligations of Consultant are personal and shall not be assigned by
him. 
 19. Acknowledgments. The Consultant acknowledges that he or she has the right to consult with counsel prior to signing this
Agreement. The Consultant further acknowledges that he was provided this Agreement by the earlier of the date of (i) a formal offer of engagement, and (ii) ten (10) business days prior to the Consultant’s commencement of engagement
with the Company. 
 20. Interpretation. If any restriction set forth in Section 7 or Section 9 is found by any court of
competent jurisdiction to be unenforceable because it extends for too long a period of time or over too great a range of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, range of
activities or geographic area as to which it may be enforceable. 
 21. Miscellaneous. 

21.1. No delay or omission by the Company in exercising any right under this Agreement shall operate as a waiver of that or any other right. A
waiver or consent given by the Company on any one occasion shall be effective only in that instance and shall not be construed as a bar or waiver of any right on any other occasion. 

21.2. The captions of the articles and sections of this Agreement are for convenience of reference only and in no way define, limit or affect
the scope or substance of any section of this Agreement. In the event that any provision of this Agreement shall be invalid, illegal or otherwise unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be
affected or impaired thereby. 
 [Remainder of page intentionally left blank] 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the Effective
Date. 
  

			
	TIDRD HARMONIC BIO, INC.
		
	By:	 	 /s/ Michael Gladstone

	Name: Michael Gladstone
	Title: Chief Executive Officer
	
	CONSULTANT
		
	By:	 	 /s/ H. Martin Seidel

	Name: H. Martin Seidel
	
	Address:Exhibit 10.1

 

ASSET PURCHASE AGREEMENT

 

This Asset Purchase Agreement
(this "Agreement"), dated as of August 15, 2022, is entered into between About Offshore Limited, a British Virgin Islands
company ("Seller"), and Bit Origin Ltd, a Cayman Islands company (¡°Buyer¡±). Capitalized
terms used in this Agreement have the meanings given to such terms herein.

 

RECITALS

WHEREAS, Seller is
engaged in the business of trading Bitcoin mining machines (the "Business"); and

 

WHEREAS, Seller wishes
to sell and assign to Buyer, and Buyer wishes to purchase and assume from Seller, 622 units of Antminer S19j Pro (100 TH/s), subject to
the terms and conditions set forth herein;

 

NOW, THEREFORE, in
consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

 

ARTICLE I

Purchase and Sale

 

Section 1.01      
Purchase and Sale of Assets.
Subject to the terms and conditions set forth herein, at the Closing, Seller shall sell, convey, assign, transfer, and deliver to Buyer,
and Buyer shall purchase from Seller 622 units of Antminer S19j Pro (100 TH/s) (the "Purchased Assets").

 

Section 1.02      
Purchase Price.
The aggregate purchase price for the Purchased Assets shall be $ 3,110,000, payable in the form of 8,685,574 ordinary shares of the Buyer
(the "BTOG Shares"), valued at $0.36 per share. ]

 

Section 1.03      
Delivery of the Purchased
Assets. Within
15 days after the date of this Agreement, Seller shall deliver the Purchased Assets to the Buyer¡ ̄s hosting facility
in [CITY], [STATE].

 

ARTICLE II

Closing

 

Section 2.01      
Closing. Subject
to the terms and conditions of this Agreement, the consummation of the transactions contemplated by this Agreement (the "Closing")
shall take place remotely by exchange of documents and signatures (or their electronic counterparts), simultaneously with the execution
of this Agreement, or at such other time or place or in such other manner as Seller and Buyer may mutually agree upon in writing. The
date on which the Closing is to occur is herein referred to as the "Closing Date."

 

     

     

    

 

Section
2.02       Closing Deliverables.

 

(a)              
 At the Closing, Buyer shall deliver to Seller and/or its assigns the BTOG Shares.

 

Section 2.03      
Closing Conditions. The
Closing is conditioned upon receiving all regulatory approvals, as applicable.

 

ARTICLE III

Representations and warranties of seller

 

Seller represents and warrants
to Buyer that the statements contained in this ARTICLE III are true and correct as of the date hereof.

 

Section 3.01      
Organization and Authority
of Seller. Seller is a corporation duly organized, validly existing, and in good standing under the Laws of the British Virgin
Islands. Seller has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which Seller
is a party, to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby.
The execution and delivery by Seller of this Agreement and any other Transaction Document to which Seller is a party, the performance
by Seller of its obligations hereunder and thereunder, and the consummation by Seller of the transactions contemplated hereby and thereby
have been duly authorized by all requisite corporate, board, and shareholder action on the part of Seller. This Agreement and the Transaction
Documents constitute legal, valid, and binding obligations of Seller enforceable against Seller in accordance with their respective terms.

 

Section 3.02      
No Conflicts or Consents.
The execution, delivery, and performance by Seller of this Agreement and the other Transaction Documents to which it is a party, and the
consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate or conflict with any provision of the
certificate of incorporation, by-laws, or other governing documents of Seller; (b) violate or conflict with any provision of any statute,
law, ordinance, regulation, rule, code, constitution, treaty, common law, other requirement, or rule of law of any Governmental Authority
(collectively, "Law") or any order, writ, judgment, injunction, decree, stipulation, determination, penalty, or award
entered by or with any Governmental Authority ("Governmental Order") applicable to Seller, the Business, or the Purchased
Assets; (c) require the consent, notice, declaration, or filing with or other action by any individual, corporation, partnership, joint
venture, limited liability company, Governmental Authority, unincorporated organization, trust, association, or other entity ("Person")
or require any permit, license, or Governmental Order; (d) violate or conflict with, result in the acceleration of, or create in any party
the right to accelerate, terminate, modify, or cancel any Contract to which Seller is a party or by which Seller or the Business is bound
or to which any of the Purchased Assets are subject (including any Assigned Contract); or (e) result in the creation or imposition of
any charge, claim, pledge, equitable interest, lien, security interest, restriction of any kind, or other encumbrance ("Encumbrance")
on the Purchased Assets.

 

Section 3.03      
Title to Purchased Assets.
Seller has good and valid title to all of the Purchased Assets, free and clear of Encumbrances.

 

    2

     

    

 

Section 3.04      
Condition and Sufficiency of Assets. Each item of Purchased Assets is structurally sound, is in good operating condition and
repair, and is adequate for the uses to which it is being put, and no item of Purchased Assets is in need of maintenance or repairs except
for ordinary, routine maintenance and repairs that are not material in nature or cost.

 

ARTICLE IV

Representations and warranties of buyer

 

Buyer represents and warrants
to Seller that the statements contained in this ARTICLE IV are true and correct as of the date hereof.

 

Section 4.01      
Organization and Authority
of Buyer. Buyer is a corporation duly organized, validly existing, and in good standing under the Laws of the Cayman Islands.
Buyer has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which Buyer is a party,
to carry out its obligations hereunder and thereunder, and to consummate the transactions contemplated hereby and thereby. The execution
and delivery by Buyer of this Agreement and any other Transaction Document to which Buyer is a party, the performance by Buyer of its
obligations hereunder and thereunder, and the consummation by Buyer of the transactions contemplated hereby and thereby have been duly
authorized by all requisite corporate action on the part of Buyer. This Agreement and the Transaction Documents constitute legal, valid,
and binding obligations of Buyer enforceable against Buyer in accordance with their respective terms.

 

Section 4.02      
No Conflicts; Consents.
The execution, delivery, and performance by Buyer of this Agreement and the other Transaction Documents to which it is a party, and the
consummation of the transactions contemplated hereby and thereby, do not and will not: (a) violate or conflict with any provision of the
certificate of incorporation, by-laws, or other organizational documents of Buyer; (b) violate or conflict with any provision of any Law
or Governmental Order applicable to Buyer; or (c) require the consent, notice, declaration, or filing with or other action by any Person
or require any permit, license, or Governmental Order.

 

Section 4.03      
Validity of the BTOG Shares.
The BTOG Shares have been duly authorized, when issued pursuant to the terms of this Agreement, will be validly issued, fully paid and
non-assessable.

 

ARTICLE V

Indemnification

 

Section 5.01      
Survival. All
representations, warranties, covenants, and agreements contained herein and all related rights to indemnification shall survive the Closing.

 

Section 5.02       Indemnification
by Seller. Subject to the other terms and conditions of this ARTICLE V, Seller shall indemnify and defend each of Buyer
and its Affiliates and their respective Representatives (collectively, the "Buyer Indemnitees") against, and shall
hold each of them harmless from and against, any and all losses, damages, liabilities, deficiencies, Actions, judgments, interest,
awards, penalties, fines, costs, or expenses of whatever kind, including reasonable attorneys' fees (collectively,
 "Losses"), incurred or sustained by, or imposed upon, the Buyer Indemnitees based upon, arising out of, or with
respect to:

 

    3

     

    

 

(a)              
any inaccuracy in or breach of any of the representations or warranties of Seller contained in this Agreement, any other Transaction
Document, or any schedule, certificate, or exhibit related thereto, as of the date such representation or warranty was made or as if such
representation or warranty was made on and as of the Closing Date (except for representations and warranties that expressly relate to
a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date);

 

(b)              
any breach or non-fulfillment of any covenant, agreement, or obligation to be performed by Seller pursuant to this Agreement, any
other Transaction Document, or any schedule, certificate, or exhibit related thereto;

 

(c)              
any Excluded Asset or any Excluded Liability; or

 

(d)              
any Third Party Claim based upon, resulting from, or arising out of the business, operations, properties, assets, or obligations
of Seller or any of its Affiliates (other than the Purchased Assets or Assumed Liabilities) conducted, existing, or arising on or prior
to the Closing Date. For purposes of this Agreement, "Third Party Claim" means notice of the assertion or commencement
of any Action made or brought by any Person who is not a party to this Agreement or an Affiliate of a party to this Agreement or a Representative
of the foregoing.

 

Section 5.03      
Indemnification by Buyer.
Subject to the other terms and conditions of this ARTICLE VI, Buyer shall indemnify and defend each of Seller and its Affiliates and their
respective Representatives (collectively, the "Seller Indemnitees") against, and shall hold each of them harmless from
and against any and all Losses incurred or sustained by, or imposed upon, the Seller Indemnitees based upon, arising out of, or with respect
to:

 

(a)              
any inaccuracy in or breach of any of the representations or warranties of Buyer contained in this Agreement, any other Transaction
Document, or any schedule, certificate, or exhibit related thereto, as of the date such representation or warranty was made or as if such
representation or warranty was made on and as of the Closing Date (except for representations and warranties that expressly relate to
a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date);

 

(b)              
any breach or non-fulfillment of any covenant, agreement, or obligation to be performed by Buyer pursuant to this Agreement; or

 

(c)              
any Assumed Liability.

 

    4

     

    

 

Section 5.04       Indemnification
Procedures. Whenever any claim shall arise for indemnification hereunder, the party entitled to indemnification (the
 "Indemnified Party") shall promptly provide written notice of such claim to the other party (the
 "Indemnifying Party"). In connection with any claim giving rise to indemnity hereunder resulting from or arising
out of any Action by a Person who is not a party to this Agreement, the Indemnifying Party, at its sole cost and expense and upon
written notice to the Indemnified Party, may assume the defense of any such Action with counsel reasonably satisfactory to the
Indemnified Party. The Indemnified Party shall be entitled to participate in the defense of any such Action, with its counsel and at
its own cost and expense. If the Indemnifying Party does not assume the defense of any such Action, the Indemnified Party may, but
shall not be obligated to, defend against such Action in such manner as it may deem appropriate, including settling such Action,
after giving notice of it to the Indemnifying Party, on such terms as the Indemnified Party may deem appropriate and no action taken
by the Indemnified Party in accordance with such defense and settlement shall relieve the Indemnifying Party of its indemnification
obligations herein provided with respect to any damages resulting therefrom. The Indemnifying Party shall not settle any Action
without the Indemnified Party's prior written consent (which consent shall not be unreasonably withheld or delayed).

 

Section 5.05      
Cumulative Remedies.
The rights and remedies provided in this ARTICLE V are
cumulative and are in addition to and not in substitution for any other rights and remedies available at law or in equity or otherwise.

 

ARTICLE VI

Miscellaneous

 

Section 6.01      
Expenses. All
costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring
such costs and expenses.

 

Section 6.02      
Notices. All
notices, claims, demands, and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered
by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier
(receipt requested); (c) on the date sent by facsimile or email of a PDF document (with confirmation of transmission) if sent during normal
business hours of the recipient, and on the next business day if sent after normal business hours of the recipient, or (d) on the third
day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Interpretation;
Headings. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation
against the party drafting an instrument or causing any instrument to be drafted. The headings in this Agreement are for reference only
and shall not affect the interpretation of this Agreement.

 

Section 6.03      
Severability.
If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or
unenforceability shall not affect any other term or provision of this Agreement.

 

Section 6.04       Entire
Agreement. This Agreement and the other Transaction Documents constitute the sole and entire agreement of the parties to
this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous
understandings and agreements, both written and oral, with respect to such subject matter. In the event of any inconsistency between
the statements in the body of this Agreement and those in the other Transaction Documents, the Exhibits, and the Disclosure
Schedules (other than an exception expressly set forth as such in the Disclosure Schedules), the statements in the body of this
Agreement will control.

 

    5

     

    

 

Section 6.05      
Successors and Assigns.
This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns. Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent
shall not be unreasonably withheld or delayed. Any purported assignment in violation of this Section shall be null and void. No assignment
shall relieve the assigning party of any of its obligations hereunder.

 

Section 6.06      
Amendment and Modification;
Waiver. This Agreement may only be amended, modified, or supplemented by an agreement in writing signed by each party hereto.
No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by the party
so waiving. No failure to exercise, or delay in exercising, any right or remedy arising from this Agreement shall operate or be construed
as a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise
thereof or the exercise of any other right or remedy.

 

Section 6.07      
Governing Law; Submission
to Jurisdiction; Waiver of Jury Trial.

 

(a)              
This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York without giving
effect to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction). Any legal suit,
action, proceeding, or dispute arising out of or related to this Agreement, the other Transaction Documents, or the transactions contemplated
hereby or thereby may be instituted in the federal courts of the United States of America or the courts of the State of New York in each
case located in the city of New York and county of New York, and each party irrevocably submits to the exclusive jurisdiction of such
courts in any such suit, action, proceeding, or dispute.

 

(b)               EACH
PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL ACTION, PROCEEDING, CAUSE OF ACTION, OR
COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT, INCLUDING ANY EXHIBITS AND SCHEDULES ATTACHED TO THIS AGREEMENT, THE
OTHER TRANSACTION DOCUMENTS, OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT: (I) NO
REPRESENTATIVE OF THE OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE OTHER PARTY WOULD NOT SEEK TO ENFORCE THE
FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION; (II) EACH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (III) EACH PARTY
MAKES THIS WAIVER KNOWINGLY AND VOLUNTARILY; AND (IV) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

    6

     

    

 

Section 6.08      
Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed to
be one and the same agreement. A signed copy of this Agreement delivered by facsimile, email, or other means of electronic transmission
shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement.

 

    7

     

    

 

IN WITNESS WHEREOF, the parties hereto have caused
this Agreement to be executed as of the date first written above by their respective officers thereunto duly authorized.

 

	 	About
    Offshore Limited  
	 	 
	 	By
    	/s/
    Huaili Zhang
	 	Name:
    Huaili Zhang
	 	Title:
    Director
	 	 
	 	Bit
    Origin Ltd  
	 	 
	 	By
    	/s/
    Lucas Wang
	 	Name:
    Lucas Wang
	 	Title:
    Chief Executive Officer and Chairman of the Board

 

    8

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