Document:

Exhibit 10.2

 

 

 

 

 

 

 

 

MASTER SERVICES AGREEMENT 

 

BETWEEN

 

TELECOMMUNICATIONS SERVICES OF

TRINIDAD AND TOBAGO LIMITED

 

AND

 

BITMINE
IMMERSION TECHNOLOGIES

FOR

 

COLOCATION SERVICES

 

 

 

 

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

REPUBLIC OF TRINIDAD AND TOBAGO

 

 

THIS MASTER SERVICES AGREEMENT (“Agreement”)
is made this 18th day of October 2021, between TELECOMMUNICATIONS SERVICES OF TRINIDAD AND TOBAGO LIMITED, a company incorporated
under the Companies Ordinance Chapter 31 No. 1 of the Laws of the Republic of Trinidad and Tobago and continued under the Companies Act
Chapter 81:01 having its registered office situate at No. 1 Edward Street, Port of Spain in the Island of Trinidad (“TSTT”)
of the One Part and BITMINE IMMERSION TECHNOLOGIES, INC., a company incorporated
under the laws of the State of Delaware and having its registered office situate at 2030 Powers Ferry Road SE; Suite 212; Atlanta, GA
30339 (“Customer”) of the other part. TSTT and Customer may also be referred
to individually as “Party” and collectively as “Parties” throughout this Agreement.

 

WHEREAS:

 

		A.	TSTT is licensed by the Government of Trinidad and Tobago to provide telecommunications services in Trinidad
and Tobago and for that purpose has several telephone exchanges located throughout the country.

 

		B.	Customer is in the business of hosting computer equipment and requires access to certain TSTT locations
in order to co-locate certain container units (“Premises”) which houses Customer owned infrastructure and equipment (“Customer
Equipment”) necessary for its business operations.

 

		C.	TSTT has agreed to provide the Customer with the capacity to co-locate up to 125 container 800 KW units
at various locations together with certain related services for the Customer Equipment (“Services”).

 

		D.	Customer has agreed to retain TSTT for the provision of the Services subject to the terms and conditions
herein.

 

NOW THEREFORE, the Parties agree as follows:

 

		1.	STATEMENTS OF WORK

 

		1.1	The Agreement between the Parties consists of this Agreement and individual Statements of Work (each an
“SOW”) that will be incorporated into this Agreement as though fully set forth herein. Any Service(s) (each a “Service”
and collectively “Services”) to be provided under this Agreement will be specifically defined in a SOW. Each SOW will be in
writing and will describe (a) the Services to be performed there under, (b) the schedule for performance and delivery, and (c) the amounts
due for the Services and the applicable payment schedule. An SOW will not be binding, and neither Party will have any obligation thereunder,
unless and until executed in writing by an authorized representative of each Party. Once executed, each SOW will become a part or this
Agreement, and the Parties will perform their respective obligations there under subject to the terms and conditions set forth herein.

 

		1.2	If any such changes are proposed regarding the Services to be provided, Customer will provide TSTT with
a written estimate of the effect, if any, that the proposed changes may have on the fees, charges, performance time and/or delivery schedule
for the Services. If the Parties agree upon the scope and description of the proposed changes, TSTT and Customer will execute an addendum
detailing the agreed upon changes and specifically referencing this Agreement and the SOW that is being changed (the “Addendum”).
Neither Party will be bound by any such changes unless and until the Addendum is executed by an authorized representative of each Party.

 

 

		2.	TERM

 

The term of this Agreement shall be from
15th October,2021 for a period of 10 years until 14th October, 2031 (the “Term”). It may be renewed
for additional periods upon agreement in writing between the parties. Notwithstanding the above, if any SOWs are in effect on the day
this Agreement would otherwise expire, this Agreement remains in effect solely for the purpose of those signed SOW until their expiration
or termination.

 

 

 

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		3.	FEES

 

		3.1	In consideration of provision of the Services, Customer agrees to pay TSTT the cost of the Services specified
in each SOW.

 

		3.2	Customer shall reimburse TSTT for all reasonable expenses incurred in connection with the performance
of the Services provided that such expenses are agreed in writing in advance by Customer.

 

 

		4.	INVOICING AND PAYMENT

 

		4.1	TSTT shall invoice Customer for all fees specified in each SOW and unless otherwise set forth in a SOW,
Customer shall pay TSTT in United States Currency within thirty (30) days of receipt of a valid invoice from TSTT in respect thereof.

 

		4.2	If Customer disputes any amount of payment due to TSTT hereunder, Customer will notify TSTT in writing
within ten (10) days of the date of such disputed invoice and set forth its reasons in reasonably complete detail. A dispute as to part
of any invoice will not affect any part not contested, and Customer agrees to promptly pay any amount not in dispute in accordance with
this clause 4. Any invoice or portion thereof not disputed within such ten (10) day period shall be deemed accepted and shall be paid
by Customer in accordance with Clause 4.1.

 

 

		5.	RESPONSIBILITY FOR TAXES

 

		5.1	Customer shall be responsible for the payment of any withholding taxes payable to the Government of Trinidad
and Tobago in respect of payment for the Services.

 

		5.2	Any such withholding tax required to be paid shall be deducted by Customer at source from the Customer’s
fees and Customer shall obtain and forward to the Customer a receipt of acknowledgement by the Board of Inland Revenue of Trinidad and
Tobago indicating the amount of such withholding taxes paid.

 

		5.3	In the event that withholding tax is not applicable but income tax is applicable, then Customer shall
deduct income tax from the CUSTOMER’s fees and pay same to the Board of Inland Revenue of Trinidad and Tobago and shall provide
the Customer with a receipt for such taxes paid.

 

 

		6.	TSTT’S RIGHTS AND OBLIGATIONS

 

		6.1	In the performance of the Services, TSTT shall:

 

		(i)	Maintain close cooperation with Customer at all times in order to ensure that the most accurate interpretation
of Customer’s requirements is achieved.

 

		(ii)	Have an express duty to Customer to:

		a)	advise and assist Customer with respect to all aspects of the Services and comply with the reasonable
requests of Customer with respect to the performance thereof;

		b)	bring any issues or concerns which it may have to Customer’s attention in a timely manner, so as
to ensure that the issues are discussed and addressed at the earliest practicable time.

 

		(iii)	Retain complete freedom to use its Premises, and its own equipment and to permit others to do so as it
may decide but not so as to cause any damage to or interference with the Customer Equipment.

 

 

 

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		(iv)	Reserve the right to refuse entry to the Premises or to any person who does not produce suitable documentary
identification and authorisation to the TSTT representative at the Premises.

 

		(v)	Provide security for container units at the Premises, inclusive of fencing and video surveillance.

 

		(vi)	Make the relevant application for electricity connection to the Premises and undertake the infrastructural
works necessary for installation of individual meters for each container unit in order to measure monthly electricity consumption used
by the Customer Equipment. The Customer understands and agrees that the supply of power to each container unit shall be subject prior
approval of the Trinidad and Tobago Electricity Commission (“T&TEC”) and TSTT shall not be liable for any decision by
T&TEC to reject any application for electricity connection.

 

 

		7.	CUSTOMER’S RESPONSIBILITIES

 

		7.1	Without prejudice to any other obligations of Customer under this Agreement Customer shall perform its
obligations under this Agreement without delay, so as to enable TSTT to perform its obligations under this Agreement without delay. Specifically,
Customer shall:

		(i)	provide TSTT with all specifications, documents, instructions, information and data necessary to enable
TSTT to provide the Services.

		(ii)	At its own cost, provide all equipment, hardware and software necessary to utilize the Services. For the
avoidance of doubt, TSTT shall not be liable for any costs associated with Customer’s acquisition or provision of equipment, hardware
and/or software to accommodate the Services.

		(iii)	at its own cost procure and maintain appropriate wiring infrastructure to connect the Services.

		(iv)	not do or permit anything to cause interference, nuisance, annoyance, inconvenience loss or damage to
TSTT’s own equipment or facilities at the Premises. TSTT may require Customer to immediately switch off and remove the Customer
Equipment if it interferes with any of the TSTT’s own equipment or facilities. Such action will not be construed as a waiver of
the TSTT’s rights to claim for damages or any other remedy available to it in respect of same.

		(v)	not make any alterations to the Premises or any unauthorised contact with the TSTT’s own equipment
located on the Premises.

		(vi)	make good any damage, loss or injury to the Premises or suffered by TSTT as a consequence thereof arising
out of or in any way connected with the Customer’s use of the Premises.

		(vii)	ensure that any person visiting the Premises at the Customer’s invitation or on the Customer’s
business shall behave in a responsible manner, obey the safety and security regulations in place and comply with all reasonable requests
of any TSTT representative

		(viii)	keep such portion of the Premises being occupied by Customer (“Licensed Area”) in as good
a state of repair and condition as at the commencement of this Agreement and permit TSTT and its agent with or without workmen and other
at all times to enter such area upon reasonable notice to inspect same.

		(ix)	observe and comply with all rules and regulations made by TSTT with regard to the Premises from time to
time and procures its employees servants and/or agents to do likewise.

		(x)	not use the Licensed Area for any purposes other than the designated use and ensure that the rights hereby
granted are exercised in a way which does not interfere with or adversely affect the use and enjoyment of the Premises by TSTT or other
authorized by TSTT

		(xi)	not without the written consent of TSTT sub-licence or assign the benefit of the licence granted under
this Agreement or any interest therein to any person or persons whomsoever.

		(xii)	observe and comply with all TSTT’s safety and other regulations

		(xiii)	manage, administer and control all operations conducted on the Premises in accordance with all applicable
laws for the time being in force of the Republic of Trinidad and Tobago;

		(xiv)	not to store, bring or keep upon the Premises or the Licensed Area any illegal articles or any toxic,
hazardous, combustible, inflammable, explosive, dangerous, corrosive or offensive substance other than those required to efficiently operate
the Customer Equipment.

		(xv)	not to do, permit or omit to do anything that could cause any policies of insurance in respect of the
Premises to become wholly or partly void or voidable or by which additional premiums may become payable.

		(xvi)	Provide suitable documentary identification and authorisation to the TSTT representative at the designated
security posting.

 

 

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		8.	CONFIDENTIAL INFORMATION

 

		8.1	“Confidential Information” means all business or technical information of either Party (including
but not limited to information relating to either Party’s products, services, technology designs, costs, prices and names, finances,
marketing plans, business opportunities, personnel, research, development or know-how) whether or not such information is designated by
either Party as “confidential” or “proprietary”.

 

		8.2	Each Party agrees that it will: (a) not disclose Confidential Information to any third party, or use the
Confidential Information disclosed to it by the other Party except as contemplated by this Agreement; and (b) take all reasonable measures
to maintain the confidentiality of all Confidential Information of the other Party in its possession or control, which will in no event
be less than the measures it uses to maintain the confidentiality of its own information of similar importance. Notwithstanding the foregoing,
each Party may disclose Confidential Information to its employees, affiliates and/or contractors who have entered into a nondisclosure
agreement, the terms of which are at least as restrictive as those contained herein, and each Party may disclose the Confidential Information
to the extent their attorneys reasonably believe that it is necessary to make such disclosure to comply with a state or federal law, rule
or regulation, and specifically their disclosure obligations under U.S. securities laws.

 

		8.3	Confidential Information does not include information that:

		(i)	is in or enters the public domain without breach of this Agreement;

		(ii)	the receiving Party lawfully receives from a third party without restriction on disclosure and without
breach of a nondisclosure obligation;

		(iii)	the receiving Party knew prior to receiving such information from the disclosing Party;

		(iv)	the receiving Party develops independently without use of the disclosing Party’s Confidential Information;
or

		(v)	is disclosed pursuant to any judicial or governmental order or request, but only to the extent so ordered,
provided the recipient takes reasonable steps to give the disclosing Party sufficient notice to contest such order or request.

 

		8.4	Upon either Party’s request or upon any termination or expiration of this Agreement, the other Party
will promptly return to the requesting Party or destroy, at the requesting Party’s option, all Confidential Information in its possession
in relation to this Agreement.

 

 

		9.	REPRESENTATIONS AND WARRANTIES

 

		9.1	Each Party represents and warrants that; (a) it is a duly organized entity, validly existing and in good
standing under applicable law and it has the power and authority to enter into and fully perform its obligations under this Agreement;
(b) it has obtained and will maintain all necessary permits, consents, authorizations, approvals, registrations, waivers, releases, clearances
or licenses of any third party for it to perform its obligations under this Agreement; and (c) it shall comply with all applicable laws,
statutes, regulations, orders, directions, standards and notices issued by the competent authority which has jurisdiction over the parties
or the subject matter of this Agreement.

 

		9.2	Each Party represents and warrants that all information furnished to the other is true, accurate and complete
and the Party is not aware of any material facts or circumstances not disclosed that might, if disclosed, adversely affect the decision
of the other Party in considering whether or not to enter into this Agreement.

 

 

		10.	INDEMNITY 

 

		10.1	Each Party agrees to indemnify the other Party and subsidiaries, affiliates, officers, directors and employees
against any claim or demand, including any claim made by a third party, arising out of use of the Service and all costs relating thereto.
Each Party agrees not to hold the other Party and its subsidiaries, affiliates, officers, directors and employees responsible for any
direct or indirect damage resulting from the provision of the Service, in particular, but not limited to, the use or impossibility of
use of the Service or any errors, omissions, defects, viruses, delay in transmission, interruption of service or loss of data.

 

 

 

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		10.2	Each Party agrees to indemnify the other Party and its subsidiaries, affiliates, officers, directors and
employees against any claim or demand, including any claim made by a third party, arising out of any act of either Party or any third
party including but not limited to the negligence, misconduct or any allegation of negligence or misconduct by either Party or any third
party in relation to either Party’s negligence or misconduct.

 

 

		11.	LIMITATION OF LIABILITY 

 

		11.1	In no event will TSTT or any of its employees, agents, officers or directors be liable for any damages
arising out of or in connection with this Agreement, or Customer’s use or performance of the Service except where such damages is
due to TSTT’s negligence or willful misconduct.

 

		11.2	Neither Party shall be liable to the other or to any third party in contract, tort (including negligence)
or for breach of statutory duty or otherwise, for loss for any direct, indirect, special, exemplary, incidental, punitive or consequential
damages, including but not limited to, lost profits or business revenue, lost business, loss of data, failure to realize expected savings,
or other commercial or economic loss of any kind whatsoever, whether or not such damages are foreseeable or such party has been advised
of the possibility of such damages.

 

		11.3	The extent of either Party’s liability in contract, tort (including negligence) or for the breach
of any statutory duty or otherwise arising by reason of or in connection with this Agreement or howsoever otherwise shall exceed the aggregate
amounts payable by Customer to TSTT related to the Services giving rise to the claim.

 

 

		12.	TERMINATION 

 

		12.1	Notwithstanding the provisions of Clause 2, this Agreement may be terminated by either party prior to
the expiration of the then current term in accordance with Clauses 122, 12.3 and 12.4.

 

		12.2	This Agreement may be terminated if either party shall give to the other at least one (1) months’
notice of termination in writing in either the third or 6th year of the Term

 

		12.3	Subject to Clause 12.4, Customer and TSTT reserve the right to terminate the Agreement for any one of
the following reasons:

 

(a)  if
the other party fails to fulfill one of the material conditions or obligations incumbent under this Agreement;

 

(b) if either party shall
make an assignment for the benefit of creditors, or become insolvent or bankrupt, or if an order of sequestration or liquidation is made
against either party or if a receiver or similar shall be appointed to take charge of all or part of its property, or if either party
tries to take advantage of any legislation relating to insolvency, bankruptcy or arrangement with creditors, the other party shall have
the right to terminate this Agreement;

 

		12.4	Except as specified in Clause 12.3(b) if any one of the termination events provided for under Clause 12.3(a)
herein occurs, a written notice shall be sent to the defaulting party by the party not in default setting out the breach complained of
and the said defaulting party shall have thirty (30) days following the date of such notice to rectify the breach. Failure to do so shall
render this Agreement terminated automatically from the date the termination takes effect, that being the day after the expiry of the
period for remedy of the breach (hereinafter referred to as the “Termination Date”) without prejudice to the rights and remedies
of the non-defaulting party.

 

		12.5	Upon termination of the Agreement, for any cause other than material breach of same, the Agreement shall
be automatically terminated without obligation or liability of any nature of either party, except Customer’s obligation to pay to
TSTT all Fees and expenses incurred as set out in Clause 3, up to the date of termination.

 

 

 

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		13.	INSURANCE

 

		13.1	Customer
shall insure and keep insured the Customer Equipment in the full replacement value thereof from loss or damage by fire, earthquake lightening,
explosion, hurricane, storm, tempest and flood, bursting and/or overflowing of water-tanks or pipes, impact, riot and civil commotion,
malicious damage, damage by aircraft and articles dropped there from and against such other risks as the TSTT may from time to time think
fit;

 

		13.2	Customer
shall, during the Term to take out and keep in full force and effect public liability and property damage insurance including personal
injury liability, with respect to the Licensed Area and the Customer’s use of the Premises, coverage to include the activities and
operations conducted by the Customer in the Licensed Area and those for whom it is in law responsible in any other part of the Premises.
The Customer shall effect and maintain all insurance with reputable insurers.

 

 

		14.	AUTHORISED REPRESENTATIVES

 

		14.1	TSTT’s authorised representative for the purpose of this Agreement shall be Anton Romany
its Senior Manager, Enterprise Sales or such other officer that TSTT may advise Customer in writing.

 

		14.2	Customer’s authorised representative for the purpose of this Agreement shall be Erik Nelson its
Chief Executive Officer or such other officer that Customer may advise TSTT in writing.

 

 

		15.	NOTICES 

 

		15.1	All notices and other communications required or permitted under this Agreement shall be in writing and
shall be deemed to have been given and received on the date of delivery (by personal messenger, registered mail, e-mail or facsimile)
and addressed as follows:

 

In the case of the
TSTT: 

 

Telecommunications
Services of

Trinidad and Tobago
Limited

1 Edward Street

Port of
Spain, Trinidad

 

Attention: Anton Romany, Senior Manager –
Sales and Services

Email: asromany@tstt.co.tt

Telephone: 627-4663

 

In the case of Customer:

 

BITMINE
IMMERSION Technologies

2030 Powers Ferry Road
SE;

Suite 212;

Atlanta, GA 30339

 

Attention: Erik Nelson,
Chief Executive Officer

Telephone: 404-816-8240

e-mail:
enelson@bitminetech.io

 

		15.2	Either Party may change the above listed address or contact number by giving written notice to the other
Party.

 

 

 

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		16.	DISPUTE RESOLUTION

 

		16.1	If any question or dispute arises at any time between the Parties out of or relating to any aspect of
this Agreement, the Parties must use their best efforts to resolve their differences within seven (7) days of such dispute or disagreement
have arisen.

 

		16.2	If after the specified period the dispute remains unresolved, the dispute must be referred to a mutually
agreed upon mediator who must be accredited by the Mediation Board of Trinidad and Tobago.

 

		16.3	If the Parties are unable to resolve any question or dispute in the manner described in Clauses 16.1 and
16.2 above the dispute must be referred to the determination of a single arbitrator in case the Parties can agree upon one or otherwise
to two arbitrators, one to be appointed by each Party and such arbitration shall be in accordance with the provisions of the Arbitration
Act Chapter 5:01 of the Laws of the Republic of Trinidad and Tobago or any statutory modification or re-enactment thereof for the time
being in force. The Parties agree that the decision of the arbitrator(s) shall be final and binding.

 

		16.4	All costs associated with Clause 16.3 above must be shared equally between the Parties.

 

		16.5	If the Parties are unable to resolve their dispute by the process outlined above, either Party may refer
the matter to the Courts.

 

		16.6	Nothing in this clause will prevent either Party from initiating legal proceedings or applying for or
obtaining emergency interlocutory relief.

 

 

		17.	FORCE MAJEURE 

 

Neither party shall be liable to the other
for any loss, damage, cost or expense which may be suffered by the other party as result of any delay or failure in the performance of
its obligations under this Agreement to the extent that such delay or failure is due to causes of Force Majeure, which shall mean causes
proved to be beyond such party’s control and without the party’s fault or negligence, including without limitation any Act
of God, natural disasters fire, flood, explosions, earthquakes; epidemics or quarantine restrictions; any act of Governments, civil or
military authorities; war, insurrection or riots; strikes, labour disputes, lock-outs, or embargoes, provided that in all such cases such
party exercises due diligence in promptly notifying the other party hereto in writing of any known or anticipated delay and recommences
the performance of its obligations under this Agreement immediately on cessation of such delay.

 

 

		18.	ASSIGNMENT 

 

		18.1	This Agreement shall not be assignable by either party except:

		(i)	with the prior written consent of the other;

		(ii)	to any present or future corporation, association, partnership or individual controlling, controlled by,
or in common control with the assigning party; or

		(iii)	to any successor to the interest of the entire business of such party by merger, consolidation, purchase,
assignment or operation of law.

 

 

		19.	ENTIRE AGREEMENT AND VARIATION

 

The parties agree that this Agreement, is
the complete and exclusive agreement between the parties and supersedes all other communication, whether oral or written, between the
parties relating to the subject matter of this Agreement. This Agreement may only be varied as between the parties if such variation is
in writing and signed by the duly authorised representatives of both parties.

 

 

 

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		20.	SEVERABILITY

 

Should any provision or condition of this
agreement be held invalid or unenforceable by a court of competent jurisdiction, the validity or enforceability of the remaining provisions
and conditions shall not be affected thereby.

 

 

		21.	INDEPENDENCE OF THE PARTIES

 

TSTT shall provide the Services as an independent
contractor. There is no relationship, direct or indirect, of joint venture, partnership or agency between the parties. Any and all personnel
provided by TSTT shall be and shall remain the responsibility of TSTT.

 

 

		22.	ORDER OF PRECEDENCE

 

Should the terms of this
Agreement conflict with the terms of any attachments hereto, including without limitation any SOW, the terms of this Agreement will prevail.
For purposes of clarity the terms of any SOW or other attachment that are inconsistent with the terms of this Agreement will be considered
to be in conflict with this Agreement unless such SOW or other attachment makes specific reference to the provision(s) of this Agreement
(by Clause number) that are modified or amended by such SOW or other attachment.

 

 

		23.	WAIVER

 

No failure to act with
respect to a breach will waive any right of a Party to act with respect to such breach or any subsequent or similar breaches, or any of
its rights under this Agreement.

 

 

		24.	GOVERNING LAW

 

The validity, construction and performance
of this Agreement and the legal relations among the parties to this Agreement shall be governed by and construed in accordance with the
laws of Trinidad and Tobago and the courts of Trinidad and Tobago shall have exclusive jurisdiction.

 

 

		25.	COUNTERPARTS

 

This Agreement may be executed in counterparts
with the same effect as if both parties signed the same document. The counterparts shall be construed together and shall constitute one
and the same original Agreement. A signature on this Agreement by one party communicated to the other by electronic transmission, such
as PDF, e-mail or facsimile, will constitute execution of this Agreement.

 

 

Signature Page To
Follow

 

 

 

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AGREED by
the Parties through their authorised signatories.

 

 

	Signed for and on behalf of	)
	TELECOMMUNICATIONS SERVICES OF	)
	TRINIDAD AND TOBAGO LIMITED	)
	By: Gayle Allick Solomon	)
	Its: Chief Legal Counsel and	)
	Corporate Secretary	)
	In the presence of	)
	 	 
	 	 
	Signed for and on behalf of	) 
	BITMINE IMMERSION TECHNOLOGIES	)
	By:Erik Nelson	) 
	Its:	)
	In the presence of: 	)

 

 

 

 

 

 

    	 	10Exhibit 10.3

 

BITMINE IMMERSION TECHNOLOGIES, INC.

RESTRICTED STOCK AGREEMENT

FOR

[name]

 

 

1.             Award
of Restricted Stock. Bitmine Immersion Technologies, Inc., a Delaware corporation (the “Company”) hereby grants,
as of August 23, 2022 (the “Date of Grant”), to ________________ (the “Recipient”), _________________
restricted shares of the Company’s Common Stock, par value $0.0001 per share (collectively the “Restricted Stock”).

 

2.             Vesting
of Restricted Stock.

 

(a)           General
Vesting. The shares of Restricted Stock shall become vested in the following amounts, at the following times and upon the following
conditions, provided that the Continuous Service of the Recipient continues through and on the applicable Vesting Date:

 

	Percentage of Restricted Stock	 	Vesting Date	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

Except as otherwise provided in Sections 2(b)
and 4 hereof, there shall be no proportionate or partial vesting of shares of Restricted Stock in or during the months, days or periods
prior to each Vesting Date, and all vesting of shares of Restricted Stock shall occur only on the applicable Vesting Date.

 

(b)          Acceleration
of Vesting of Vesting Date. The Vesting Date shall be accelerated in the following events:

 

i.            Change
in Control. In the event that a Change in Control of the Company occurs during the Recipient’s Continuous Service, the shares
of Restricted Stock subject to this Agreement shall become immediately vested as of the date of the Change in Control.

 

ii.           Termination
for Good Reason. In the event the Recipient terminates his Continuous Service for Good Reason, the shares of Restricted Stock subject
to this Agreement shall become immediately vested as of the date of the termination.

 

iii.          Termination
for Without Cause. In the event the Company terminates the Recipient from his Continuous Service Without Cause, the shares of Restricted
Stock subject to this Agreement shall become immediately vested as of the date of the termination.

 

iv.          Acceleration
of Vesting at Company Discretion. Notwithstanding any other term or provision of this Agreement, the Board shall be authorized, in
its sole discretion, based upon its review and evaluation of the performance of the Recipient and of the Company, to accelerate the vesting
of any shares of Restricted Stock under this Agreement, at such times and upon such terms and conditions as the Board shall deem advisable.

 

3.            Delivery
of Restricted Stock.

 

(a)           Issuance
of Stock Certificates and Legends. A stock certificate representing the Restricted Stock shall be issued in one or more stock certificates
on the Date of Grant which shall be held and retained by the Records Administrator of the Company until the date (the “Applicable
Date”) on which the shares (or a portion thereof) subject to this Restricted Stock award become Vested Shares pursuant to Section 2
hereof, subject to the provisions of Section 4 hereof. All such stock certificates shall bear the following legends, along with
such other legends that the Board shall deem necessary and appropriate or which are otherwise required or indicated pursuant to any applicable
stockholders’ agreement:

 

 

 

    	 	1	 

     

    

 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO
SUBSTANTIAL VESTING AND OTHER RESTRICTIONS AS SET FORTH IN THE RESTRICTED STOCK AGREEMENT BETWEEN THE ISSUER AND THE ORIGINAL HOLDER OF
THE SHARES, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE ISSUER. SUCH RESTRICTIONS ARE BINDING ON TRANSFEREES OF THESE
SHARES, AND INCLUDE VESTING CONDITIONS WHICH MAY RESULT IN THE COMPLETE FORFEITURE OF THE SHARES.

 

(b)          Stock
Powers. The Recipient shall deposit with the Company stock powers or other instruments of transfer or assignment, duly endorsed in
blank with signature(s) guaranteed, corresponding to each certificate representing shares of Restricted Stock until such shares become
Vested Shares. If the Recipient shall fail to provide the Company with any such stock power or other instrument of transfer or assignment,
the Recipient hereby irrevocably appoints the Secretary of the Company as his attorney-in-fact, with full power of appointment and substitution,
to execute and deliver any such power or other instrument which may be necessary to effectuate the transfer of the Restricted Stock (or
assignment of distributions thereon) on the books and records of the Company.

 

(c)          Delivery
of Stock Certificates. In the event the Company issues certificates representing Restricted Stock pursuant to Section 3(a), on or
after each Applicable Date, upon written request to the Company by the Recipient, the Company shall promptly cause a new certificate
or certificates to be issued for and with respect to all shares that become Vested Shares on that Applicable Date, which certificate(s)
shall be delivered to the Recipient as soon as administratively practicable after the date of receipt by the Company of the Recipient’s
written request. The new certificate or certificates shall continue to bear those legends and endorsements that the Company shall deem
necessary or appropriate (including those relating to restrictions on transferability and/or obligations and restrictions under the Securities
Laws).

 

(d)          Issuance
Without Certificates. If the Company is authorized to issue Shares without certificates, then the Company may, in the discretion
of the Board, issue Shares pursuant to this Agreement without certificates, in which case any references in this Agreement to certificates
shall instead refer to whatever evidence may be issued to reflect the Recipient’s ownership of the Shares subject to the terms
and conditions of this Agreement.

 

4.            Forfeiture
of Non-Vested Shares. If the Recipient’s Continuous Service with the Company and the Related Entities is terminated for any
reason, any Shares of Restricted Stock that are not Vested Shares, and that do not become Vested Shares pursuant to Section 2 hereof
as a result of such termination, shall be forfeited immediately upon such termination of Continuous Service and revert back to the Company
without any payment to the Recipient. The Board shall have the power and authority to enforce on behalf of the Company any rights of
the Company under this Agreement in the event of the Recipient’s forfeiture of Non-Vested Shares pursuant to this Section 4.

 

5.            Rights
with Respect to Restricted Stock.

 

(a)          General.
Except as otherwise provided in this Agreement, the Recipient shall have, with respect to all of the shares of Restricted Stock actually
issued, whether Vested Shares or Non-Vested Shares, all of the rights of a holder of shares of common stock of the Company, including
without limitation (i) the right to vote such Restricted Stock, (ii) the right to receive dividends, if any, as may be declared
on the Restricted Stock from time to time, and (iii) the rights available to all holders of shares of common stock of the Company
upon any merger, consolidation, reorganization, liquidation or dissolution, stock split-up, stock dividend or recapitalization undertaken
by the Company; provided, however, that all of such rights shall be subject to the terms, provisions, conditions and restrictions set
forth in this Agreement (including without limitation conditions under which all such rights shall be forfeited). Any Shares issued to
the Recipient as a dividend with respect to shares of Restricted Stock shall have the same status and bear the same legend as the shares
of Restricted Stock and shall be held by the Company, if the shares of Restricted Stock that such dividend is attributed to is being
so held, unless otherwise determined by the Board. In addition, notwithstanding any provision to the contrary herein, any cash dividends
declared with respect to shares of Restricted Stock subject to this Agreement shall be held in escrow by the Board until such time as
the shares of Restricted Stock that such cash dividends are attributed to shall become Vested Shares, and in the event that such shares
of Restricted Stock are subsequently forfeited, the cash dividends attributable to such portion shall be forfeited as well.

 

 

 

    	 	2	 

     

    

 

(b)          Adjustments
to Shares. If at any time while this Agreement is in effect (or Shares granted hereunder shall be or remain unvested while Recipient’s
Continuous Service continues and has not yet terminated or ceased for any reason), there shall be any increase or decrease in the number
of issued and outstanding Shares of the Company through the declaration of a stock dividend or through any recapitalization resulting
in a stock split-up, combination or exchange of such Shares, then and in that event, the Board shall make any adjustments it deems fair
and appropriate, in view of such change, in the number of shares of Restricted Stock then subject to this Agreement. If any such adjustment
shall result in a fractional Share, such fraction shall be disregarded.

 

(c)          No
Restrictions on Certain Transactions. Notwithstanding any term or provision of this Agreement to the contrary, the existence of this
Agreement, or of any outstanding Restricted Stock awarded hereunder, shall not affect in any manner the right, power or authority of
the Company to make, authorize or consummate: (i) any or all adjustments, recapitalizations, reorganizations or other changes in
the Company’s capital structure or its business; (ii) any merger, consolidation or similar transaction by or of the Company;
(iii) any offer, issue or sale by the Company of any capital stock of the Company, including any equity or debt securities, or preferred
or preference stock that would rank prior to or on parity with the Restricted Stock and/or that would include, have or possess other
rights, benefits and/or preferences superior to those that the Restricted Stock includes, has or possesses, or any warrants, options
or rights with respect to any of the foregoing; (iv) the dissolution or liquidation of the Company; (v) any sale, transfer
or assignment of all or any part of the stock, assets or business of the Company; or (vi) any other corporate transaction, act or
proceeding (whether of a similar character or otherwise).

 

6.            Transferability.
Unless otherwise determined by the Board, the shares of Restricted Stock are not transferable unless and until they become Vested
Shares in accordance with this Agreement, otherwise than by will or under the applicable laws of descent and distribution. The terms
of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Recipient. Except as otherwise
permitted pursuant to the first sentence of this Section, any attempt to effect a Transfer of any shares of Restricted Stock prior to
the date on which the shares become Vested Shares shall be void ab initio.

 

7.            Tax
Matters; Section 83(b) Election.

 

(a)           Section 83(b)
Election. The Recipient and the Company acknowledge and agree that the Recipient is not employed as an employee of the Company at
this time, that the Company is not obligated to pay the Recipient wages at this time, and that the Company is not obligated to withhold
federal, state or local taxes from any compensation payable to the Recipient at this time. Accordingly, if the Recipient properly elects,
within thirty (30) days of the Date of Grant, to include in gross income for federal income tax purposes an amount equal to the
fair market value (as of the Date of Grant) of the Restricted Stock pursuant to Section 83(b) of the Internal Revenue Code of 1986,
as amended (the “Code”), the Recipient shall be solely responsible for declaring and paying all federal, state and
local taxes payable on the gross income reportable as result of such election.

 

(b)           No
Section 83(b) Election. If the Recipient does not properly make the election described in Section 7(a) above, and the Recipient
qualifies as an employee for whom the Company is obligated to withhold federal, state or local taxes from any amounts paid to Recipient
at the time the Restricted Stock becomes Vested Shares, the Recipient shall, no later than the date or dates as of which the restrictions
referred to in this Agreement hereof shall lapse, pay to the Company, or make arrangements satisfactory to the Board for payment of,
any federal, state or local taxes of any kind required by law to be withheld with respect to the Restricted Stock (the “Withholding
Amounts”). The Recipient hereby agrees to indemnify and hold the Company harmless against all claims, liabilities and costs,
including attorney’s fees, arising from or resulting from the Recipient’s failure to pay the Withholding Amounts directly
or failure to reimburse the Company for the Withholding Amounts. The Company shall, to the extent permitted by law, have the right to
deduct from any payment of any kind (including without limitation, the withholding of any Vested Shares that otherwise would be distributed
to the Recipient under this Agreement) otherwise due to Recipient any Withholding Amounts. On the other hand, if the Recipient does not
properly make the election described in Section 7(a) above, and the Recipient does not qualify as an employee for whom the Company is
obligated to withhold federal, state or local taxes from any amounts paid to Recipient at the time the Restricted Stock becomes Vested
Shares, the Recipient shall be solely responsible for declaring and paying all federal, state and local taxes payable on the gross income
reportable as result of the Restricted Stock becoming Vested Shares.

 

 

 

    	 	3	 

     

    

 

(c)           Recipient’s
Responsibilities for Tax Consequences. Tax consequences on the Recipient (including without limitation federal, state, local and
foreign income tax consequences) with respect to the Restricted Stock (including without limitation the grant, vesting and/or forfeiture
thereof) are the sole responsibility of the Recipient. The Recipient shall consult with his or her own personal accountant(s) and/or
tax advisor(s) regarding these matters, the making of a Section 83(b) election, and the Recipient’s filing, withholding and
payment (or tax liability) obligations.

 

8.             Amendment,
Modification & Assignment; Non-Transferability. This Agreement may only be modified or amended in a writing signed by the
parties hereto. No promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic
or otherwise, and whether express or implied, with respect to the subject matter hereof, have been made by either party which are not
set forth expressly in this Agreement. Unless otherwise consented to in writing by the Company, in its sole discretion, this Agreement
(and Recipient’s rights hereunder) may not be assigned, and the obligations of Recipient hereunder may not be delegated, in whole
or in part. The rights and obligations created hereunder shall be binding on the Recipient and his heirs and legal representatives and
on the successors and assigns of the Company.

 

9.             Complete
Agreement. This Agreement (together with those agreements and documents expressly referred to herein, for the purposes referred to
herein) embody the complete and entire agreement and understanding between the parties with respect to the subject matter hereof, and
supersede any and all prior promises, assurances, commitments, agreements, undertakings or representations, whether oral, written, electronic
or otherwise, and whether express or implied, which may relate to the subject matter hereof in any way.

 

10.           Definitions.
For purposes of this Agreement, the following terms shall have the following meaning:

 

(a)           “Beneficial Owner” and “Beneficial Ownership” shall have the meaning ascribed to such term in Rule
13d-3 under the Securities Exchange Act of 1934 (the “Exchange Act”) and any successor to such Rule.

 

(b)           “Board” means the Company’s Board of Directors.

 

(c)           “Change in Control” means shall mean the occurrence of any of the following:

 

i.             The acquisition by any Person of Beneficial Ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of more than
fifty percent (50%) of either (A) the value of then outstanding equity securities of the Company (the “Outstanding
Company Stock”) or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”) (the foregoing Beneficial Ownership
hereinafter being referred to as a “Controlling Interest”); provided, however, that for purposes of this Section, the
following acquisitions shall not constitute or result in a Change in Control: (v) any acquisition directly from the Company; (w) any
acquisition by the Company; (x) any acquisition by any Person that as of the Date of Grant owns Beneficial Ownership of a Controlling
Interest; (y) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any Related
Entity; or (z) any acquisition by any entity pursuant to a transaction which complies with clauses (A), (B) and (C) of
subsection (iii) below; or

 

ii.      
     During any period of three (3) consecutive years (not including any period prior to the Date of
Grant) individuals who constitute the Board on the Date of Grant (the “Incumbent Board”) cease for any reason to
constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the Date of
Grant whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority
of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent
Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or
threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of
proxies or consents by or on behalf of a Person other than the Board; or

 

 

 

    	 	4	 

     

    

 

iii.           Consummation of a reorganization, merger, statutory share exchange or consolidation or similar transaction involving the Company or any
of its Related Entities, a sale or other disposition of all or substantially all of the assets of the Company, or the acquisition of assets
or equity of another entity by the Company or any of its Related Entities (each a “Business Combination”), in each
case, unless, following such Business Combination, (A) all or substantially all of the individuals and entities who were the Beneficial
Owners, respectively, of the Outstanding Company Stock and Outstanding Company Voting Securities immediately prior to such Business Combination
beneficially own, directly or indirectly, more than fifty percent (50%) of the value of the then outstanding equity securities and
the combined voting power of the then outstanding voting securities entitled to vote generally in the election of members of the board
of directors (or comparable governing body of an entity that does not have such a board), as the case may be, of the entity resulting
from such Business Combination (including, without limitation, an entity which as a result of such transaction owns the Company or all
or substantially all of the Company’s assets either directly or through one or more subsidiaries) in substantially the same proportions
as their ownership, immediately prior to such Business Combination of the Outstanding Company Stock and Outstanding Company Voting Securities,
as the case may be, (B) no Person (excluding any employee benefit plan (or related trust) of the Company or such entity resulting
from such Business Combination or any Person that as of the Date of Grant owns Beneficial Ownership of a Controlling Interest) beneficially
owns, directly or indirectly, fifty percent (50%) or more of the value of the then outstanding equity securities of the entity resulting
from such Business Combination or the combined voting power of the then outstanding voting securities of such entity except to the extent
that such ownership existed prior to the Business Combination and (C) at least a majority of the members of the Board of Directors
or other governing body of the entity resulting from such Business Combination were members of the Incumbent Board at the time of the
execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or

 

iv.          Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company.

 

(d)           “Continuous Service” means the uninterrupted provision of services to the Company or any Related Entity in any capacity
of employee or consultant. Continuous Service shall not be considered to be interrupted in the case of (i) any approved leave of
absence, (ii) transfers among the Company, any Related Entities, or any successor entities, in any capacity of employee, director,
consultant or other service provider, or (iii) any change in status as long as the individual remains in the service of the Company
or a Related Entity in any capacity of employee or consultant. An approved leave of absence shall include sick leave, military leave,
or any other authorized personal leave.

 

(e)           “For Cause” means the Recipient:

 

i.            Fails or refuses in any material respect to perform any duties, consistent with his position or those which may reasonably be assigned
to him by the Board or materially violates Company policy or procedure;

 

ii.           Is grossly negligent in the performance of his duties hereunder which injures, or may be reasonably expected to injure, the reputation,
business or operation of the Company;

 

iii.          Commits any act of fraud, willful misappropriation of funds, embezzlement or dishonesty with respect to the Company;

 

iv.          Is convicted of a felony or other criminal violation, which, in the reasonable judgment of the Company, could materially impair the Company
from substantially meeting its business objectives;

 

v.           Engages in any other intentional misconduct adversely affecting the business or affairs of the Company in a material manner. The term
“intentional misconduct adversely affecting the business or affairs of the Company” shall mean such misconduct that is detrimental
to the business or the reputation of the Company as it is perceived both by the general public and the securities industry;

 

vi.          Dies or is disabled for three consecutive months in any calendar year to such an extent that the Recipient is unable to perform substantially
all of his essential duties for that time; or

 

 

 

    	 	5	 

     

    

 

vii.         Breaches any term or provision in this Agreement or any other agreement between the Company and the Recipient in any material respect.

With respect to matters referred to in Section 10(e)(i), (ii)
and (vii) above, the Recipient shall not be terminated unless the Company has given the Recipient written notice of and opportunity to
cure the alleged cause for termination and the Recipient has not fully cured the cause within (30) days of receipt of such written notice
thereof (the “Cure Period”). Should Recipient fail to fully cure within thirty (30) days of receipt of such written
notice, the Recipient’s employment shall terminate at the close of business on the last day of the Cure Period. Furthermore, there
shall not be cause for termination under Sections 10(e)(i) if the Recipient unintentionally fails in any material respect to perform any
duties, consistent with his position or those which may reasonably be assigned to him by the Board because of the Recipient’s physical
or mental disability. In such case, the provisions of Section 10(e)(a)(vi) would control. With respect to matters referred to in Sections
10(e)(iii) through (vi) above, the Recipient may be terminated immediately without an opportunity to cure.

 

(f)            “Good Reason” means:

 

i.             Any removal of the Recipient from his position with the Company as of the Date of Grant without his being appointed to a comparable or
higher position in the Company;

 

ii.            The assignment to the Recipient of duties materially inconsistent with the status of the position he holds with the Company as of the
Date of Grant, and the Company fails to rescind such assignment within thirty (30) days following receipt of written notice to the Board
of Directors of the Company from Recipient, which notice shall inform the Board of Directors which assignment of his is materially inconsistent
and why and that absent its rescission, Recipient intends to terminate his employment for Good Reason;

 

iii.           Any requirement that the Recipient be required to perform his duties on a full-time basis outside of the city in which he lives as of
the Date of Grant;

With respect to matters referred to in Section 10(f)(i), (ii)
and (iii) above, the Recipient shall not terminate this Agreement for Good Reason unless the Recipient has given the Company written notice
of and opportunity to cure the alleged Good Reason and the Company has not fully cured the Good Reason within (30) days of receipt of
such written notice thereof.

 

(g)           “Non-Vested Shares” means any portion of the Restricted Stock subject to this Agreement that has not become vested
pursuant to Section 2.

 

(h)           “Related Entity” means any Subsidiary, and any business, corporation, partnership, limited liability company or other
entity designated by the Board, in which the Company or a Subsidiary holds a substantial ownership interest, directly or indirectly.

 

(i)            “Subsidiary” means any corporation or other entity in which the Company has a direct or indirect ownership interest
of 50% or more of the total combined voting power of the then outstanding securities or interests of such corporation or other entity
entitled to vote generally in the election of directors or in which the Company has the right to receive 50% or more of the distribution
of profits or 50% or more of the assets on liquidation or dissolution.

 

(j)            “Transfer” shall mean any sale, transfer, encumbrance, gift, donation, assignment, pledge, hypothecation, or other
disposition, whether similar or dissimilar to those previously enumerated, whether voluntary or involuntary, and including, but not limited
to, any disposition by operation of law, by court order, by judicial process, or by foreclosure, levy or attachment.

 

(k)           “Vested Shares” means any portion of the Restricted Stock subject to this Agreement that is and has become vested pursuant
to Section 2.

 

 

 

    	 	6	 

     

    

 

(l)            “Without Cause” means the Company’s termination of the Recipient from the position that he holds as of the Date
of Grant without notice and for a reason other than For Cause.

 

11.           Miscellaneous.

 

(a)            No
Right to (Continued) Employment or Service. This Agreement and the grant of Restricted Stock hereunder shall not shall confer, or
be construed to confer, upon the Recipient any right to employment or service, or continued employment or service, with the Company or
any Related Entity.

 

(b)            No
Limit on Other Compensation Arrangements. Nothing contained in this Agreement shall preclude the Company or any Related Entity from
adopting or continuing in effect other or additional compensation plans, agreements or arrangements, and any such plans, agreements and
arrangements may be either generally applicable or applicable only in specific cases or to specific persons.

 

(c)            Severability.
If any term or provision of this Agreement is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction
or under any applicable law, rule or regulation, then such provision shall be construed or deemed amended to conform to applicable law
(or if such provision cannot be so construed or deemed amended without materially altering the purpose or intent of this Agreement and
the grant of Restricted Stock hereunder, such provision shall be stricken as to such jurisdiction and the remainder of this Agreement
and the award hereunder shall remain in full force and effect).

 

(d)           No
Trust or Fund Created. Neither this Agreement nor the grant of Restricted Stock hereunder shall create or be construed to create
a trust or separate fund of any kind or a fiduciary relationship between the Company or any Related Entity and the Recipient or any other
person. To the extent that the Recipient or any other person acquires a right to receive payments from the Company or any Related Entity
pursuant to this Agreement, such right shall be no greater than the right of any unsecured general creditor of the Company.

 

(e)           Law Governing. This Agreement shall be governed by and construed and enforced in accordance with the internal laws of the State
of Delaware (without reference to the conflict of laws rules or principles thereof).

 

(f)            Interpretation.
The Recipient accepts the Restricted Stock subject to all of the terms, provisions and restrictions of this Agreement. The undersigned
Recipient hereby accepts as binding, conclusive and final all decisions or interpretations of the Board upon any questions arising under
this Agreement.

 

(g)           Headings.
Section, paragraph and other headings and captions are provided solely as a convenience to facilitate reference. Such headings and
captions shall not be deemed in any way material or relevant to the construction, meaning or interpretation of this Agreement or any
term or provision hereof.

 

(h)           Notices.
Any notice under this Agreement shall be in writing and shall be deemed to have been duly given when delivered personally or when
deposited in the United States mail, registered, postage prepaid, and addressed, in the case of the Company, to the Company’s Chief
Executive Officer at 2030 Powers Ferry Road SE, Suite 212, Atlanta, Georgia 30339, or if the Company should move its principal office,
to such principal office, and, in the case of the Recipient, to the Recipient’s last permanent address as shown on the Company’s
records, subject to the right of either party to designate some other address at any time hereafter in a notice satisfying the requirements
of this Section.

 

(i)            Section 409A.

 

		i.	It is intended that the Restricted Stock awarded pursuant to this Agreement be exempt from Section 409A of the Code (“Section
409A”) because it is believed that the Agreement does not provide for a deferral of compensation and accordingly that the Agreement
does not constitute a nonqualified deferred compensation plan within the meaning of Section 409A. The provisions of this Agreement
shall be interpreted in a manner consistent with this intention, and the provisions of this Agreement may not be amended, adjusted, assumed
or substituted for, converted or otherwise modified without the Recipient’s prior written consent if and to the extent that the
Company believes or reasonably should believe that such amendment, adjustment, assumption or substitution, conversion or modification
would cause the award to violate the requirements of Section 409A.

 

 

 

    	 	7	 

     

    

 

		ii.	In the event that either the Company or the Recipient believes, at any time, that any benefit or right under this Agreement is subject
to Section 409A, and does not comply with the requirements of Section 409A, it shall promptly advise the other and the Company
and the Recipient shall negotiate reasonably and in good faith to amend the terms of such benefits and rights, if such an amendment may
be made in a commercially reasonable manner, such that they comply with Section 409A with the most limited possible economic effect
on the Recipient and on the Company.

 

		iii.	Notwithstanding the foregoing, the Company does not make any representation to the Recipient that the shares of Restricted Stock awarded
pursuant to this Agreement are exempt from, or satisfies, the requirements of Section 409A, and the Company shall have no liability
or other obligation to indemnify or hold harmless the Recipient or any Beneficiary for any tax, additional tax, interest or penalties
that the Recipient or any Beneficiary may incur in the event that any provision of this Agreement, or any amendment or modification thereof
or any other action taken with respect thereto that either is consented to by the Recipient or that the Company reasonably believes should
not result in a violation of Section 409A, is deemed to violate any of the requirements of Section 409A.

 

(j)             Non-Waiver
of Breach. The waiver by any party hereto of the other party’s prompt and complete performance, or breach or violation, of
any term or provision of this Agreement shall be effected solely in a writing signed by such party, and shall not operate nor be construed
as a waiver of any subsequent breach or violation, and the waiver by any party hereto to exercise any right or remedy which he or it
may possess shall not operate nor be construed as the waiver of such right or remedy by such party, or as a bar to the exercise of such
right or remedy by such party, upon the occurrence of any subsequent breach or violation.

 

(k)            Counterparts.
This Agreement may be executed in two or more separate counterparts, each of which shall be an original, and all of which together
shall constitute one and the same agreement.

 

  

[signatures on following page]

 

 

 

    	 	8	 

     

    

 

IN WITNESS WHEREOF, the parties hereto,
agree to the terms of this Agreement and acknowledge receipt as dated below.

 

	 	 	 	 
	 	BITMINE IMMERSION TECHNOLOGIES, INC.,

                    a Delaware corporation

	 	 	 
	 	By:	 	 
	 	
    Name:

    Title:
	 	 

 

 

Agreed and Acknowledged Receipt of Agreement:

 

 

RECIPIENT:

 

 

By: ___________________________

Name: _________________________

 

Dated: ___________________________

 

 

 

 

    	 	9

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