Document:

Exhibit 4.6

 

NEITHER THIS WARRANT CERTIFICATE NOR THE WARRANTS
REPRESENTED HEREBY NOR ANY SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF SUCH WARRANTS, NOR ANY INTEREST IN OR RIGHTS UNDER SAME,
HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933 OR THE LAWS OF ANY STATE, AND NEITHER THIS WARRANT CERTIFICATE NOR THE WARRANTS
REPRESENTED HEREBY NOR ANY SHARES OF COMMON STOCK ISSUABLE UPON THE EXERCISE OF SUCH WARRANTS, NOR ANY INTEREST IN OR RIGHTS UNDER SAME,
MAY BE SOLD OR OTHERWISE TRANSFERRED UNLESS REGISTERED UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM REGISTRATION
IS AVAILABLE.

 

W-2021-C3-01

 

BITMINE IMMERSION TECHNOLOGIES, INC.

 

COMMON STOCK PURCHASE WARRANT – CLASS C-3

 

Bitmine Immersion Technologies,
Inc., a Delaware corporation (the “Company”), for value received and subject to the terms set forth below hereby grants
to ___________________, or its registered successors and assigns (the “Holder”), the right to purchase from the Company
at any time or from time to time until the date and time permitted under Section 2(a) below, __________ fully paid and nonassessable shares
of the Common Stock, par value $0.0001 per share, at the purchase price of One Dollar and Twenty-Five Cents ($1.25) per share (the “Exercise
Price”). The Exercise Price and the number and character of such shares of Common Stock purchasable pursuant to the rights granted
under this Warrant are subject to adjustment as provided herein.

 

1.              
Definitions. As used herein the following terms, unless the context otherwise requires, have the following respective meanings:

 

“Common Stock”
means the Company’s common stock, par value $0.0001 per share, and stock of any other class of securities into which such securities
may hereafter have been reclassified or changed into, including any stock (other than Common Stock) and other securities of the Company
or any other Person (corporate or other) which the Holder of this Warrant at any time shall be entitled to receive, or shall have received,
upon the exercise of this Warrant, in lieu of or in addition to Common Stock, or which at any time shall be issuable or shall have been
issued in exchange for or in replacement of Common Stock pursuant to Section 3(b) hereof or otherwise.

 

“Expiration Date”
means the close of business on the fifth anniversary of the Issue Date.

 

“Issue Date”
means June 27, 2022.

 

“Market Value”
means, for any date, the price for a share of Common Stock determined by the first of the following clauses that applies: (a) if the Common
Stock is then listed or quoted on a Trading Market, the daily volume weighted average price of the Common Stock for such date (or the
nearest preceding date) on the Trading Market on which the Common Stock is then listed or quoted as reported by Bloomberg L.P. (based
on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if the Common Stock is then listed or quoted
on the OTCQB or the OTCQX, the average of the high and low price of the Common Stock for such date (or the nearest preceding date), (c)
if the Common Stock is not then listed or quoted for trading on a Trading Market, the OTCQB or the OTCQX, and if prices for the Common
Stock are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices),
the most recent bid price per share of the Common Stock so reported, or (d) in all other cases, the fair market value of a share of Common
Stock as determined by an independent appraiser selected in good faith by the board of directors of the Company holders, the fees and
expenses of which shall be paid by the Company.

 

“This Warrant”
means, collectively, this Warrant and all other stock purchase warrants issued in exchange therefor or replacement thereof.

 

 

 

    	 	 	 

     

    

 

“Trading Day”
means a day on which the Common Stock is traded on a Trading Market.

 

“Trading Market”
means any one of the following markets or exchanges on which the Common Stock is listed or quoted for trading on the date in question:
the NYSE American, the Nasdaq Capital Market, the Nasdaq Global Market, the Nasdaq Global Select Market or the New York Stock Exchange
(or any successors to any of the foregoing).

 

“Warrant Shares”
means the shares of Common Stock issuable to the Holder upon exercise of this Warrant.

 

“Warrant Shares Registration
Statement” means a registration statement that registers the resale of all Warrant Shares that may be acquired by the Holder
by the exercise of this Warrant, naming the Holder as a “selling stockholder” thereunder.

 

2.              
Exercise.

 

		(a)	Exercise Period. The Holder may exercise this Warrant at any time after the Issue Date and before
the Expiration Date (the “Exercise Period”).

 

		(b)	Exercise Procedure.

 

		(i)	This Warrant will be deemed to have been exercised at such time as the Company has received all of the
following items (the “Exercise Date”):

 

		1.	a completed subscription agreement as described in Section 2(d) hereof, executed by the Person exercising
all or part of the purchase rights represented by this Warrant (the “Purchaser”);

 

		2.	this Warrant;

 

		3.	if this Warrant is not registered in the name of the Purchaser, an Assignment or Assignments in the form
set forth in Exhibit B hereto, evidencing the assignment of this Warrant to the Purchaser together with any documentation required
pursuant to Section 5(a) hereof; and

 

		4.	either

 

		a.	cash in the form of a wire transfer to the Company’s bank account (wire instructions to be provided
upon request) in an amount equal to the product of the Exercise Price multiplied by the number of shares of Common Stock being purchased
upon such exercise; and

 

		b.	in lieu of a cash exercise, the Holder may exercise this Warrant on a “cashless
exercise” basis, in which the Holder shall be entitled to receive a certificate for the number of shares of Common Stock
equal to the quotient obtained by dividing [(A-B) (X)] by (A), where:

 

(A) = the Market Value of the Common Stock on the Trading
Day preceding the date of such election;

 

(B) = the Exercise Price of this Warrant; and

 

(X) = the number of shares of Common Stock for which the
Holder elects to exercise this Warrant.”

 

 

 

    	 	2	 

     

    

 

		(ii)	As soon as practicable after the exercise of this Warrant in full or in part, and in any event within
two (2) Trading Days after the Exercise Date (the “Warrant Share Delivery Date”), the Company at its expense shall
cause its transfer agent to issue the Warrant Shares acquired by the Purchaser either (A) by crediting the account of the Purchaser or
its designee’s balance account with The Depository Trust Company through its Deposit or Withdrawal at Custodian system (“DWAC”)
if the Company is then a participant in such system and there is an effective registration statement permitting the issuance of the Warrant
Shares to or resale of the Warrant Shares by the Purchaser, and otherwise by (B) either physical delivery of a certificate, registered
in the Company’s share register in the name of the Purchaser or its designee, or issuance of the Warrant Shares in book entry form.
If the Company fails for any reason to deliver to the Holder Warrant Shares by the Warrant Share Delivery Date, the Company shall pay
to the Holder, in cash, as liquidated damages and not as a penalty, for each $1,000 of Warrant Shares subject to such exercise (based
on the VWAP of the Common Stock on the date of the applicable Notice of Exercise), $10 per Trading Day (increasing to $20 per Trading
Day on the fifth Trading Day after such liquidated damages begin to accrue) for each Trading Day after such Warrant Share Delivery Date
until such Warrant Shares are delivered or Holder rescinds such exercise.

 

		(iii)	Unless this Warrant has expired or all of the purchase rights represented hereby have been exercised,
the Company at its expense will, within ten (10) days after the Exercise Date, issue and deliver to or upon the order of the Purchaser
a new Warrant or Warrants of like tenor, in the name of the Purchaser or as the Purchaser (upon payment by the Purchaser of any applicable
transfer taxes) may request, to purchase that number of shares of Common Stock remaining issuable under this Warrant.

 

		(iv)	The Warrant Shares will be deemed to have been issued to the Purchaser on the Exercise Date, and the Purchaser
will be deemed for all purposes to have become the record holder of such Warrant Shares on the Exercise Date.

 

		(v)	The issuance of certificates for Warrant Shares upon exercise of this Warrant will be made without charge
to the Holder or the Purchaser for any issuance tax in respect thereof or any other cost incurred by the Company in connection with such
exercise and the related issuance of shares of Common Stock.

 

		(vi)	The Purchaser represents and warrants that at the time of any exercise of this warrant the Purchaser is
an “accredited investor,” as such term is defined in Rule 501 promulgated under the Securities Act and acknowledges and agrees
that the Company may, in its sole discretion, (i) require, as a condition to the exercise of this Warrant, that the Purchaser provide
such written evidence that such holder is an accredited investor as the time of exercise, and (ii) decline to issue the Warrant Shares
if the Company is not satisfied that this warrant may be exercised by the Purchaser pursuant to a valid registration exemption from the
Securities Act and any applicable state securities law.

 

		(c)	Acknowledgement of Continuing Obligations. The Company will, at the time of the exercise of this
Warrant, upon the request of the Purchaser, acknowledge in writing its continuing obligation to afford to the Purchaser any rights to
which the Purchaser shall continue to be entitled after such exercise in accordance with the provisions of this Warrant, provided that
if the Purchaser shall fail to make any such request, such failure shall not affect the continuing obligation of the Company to afford
to the Purchaser any such rights.

 

		(d)	Subscription Agreement. The subscription agreement will be substantially in the form set forth
in Exhibit A hereto, except that if the Warrant Shares are not to be issued in the name of the Purchaser, the subscription agreement
will also state the name of the Person to whom the certificates for the Warrant Shares are to be issued, and if the number of Warrant
Shares to be issued does not include all the shares of Common Stock issuable hereunder, it will also state the name of the Person to whom
a new Warrant for the unexercised portion of the rights hereunder is to be delivered.

 

 

 

    	 	3	 

     

    

 

		(e)	Fractional Shares. If a fractional share of Common Stock would be issuable upon exercise of the
rights represented by this Warrant, the Company will, within ten (10) days after the Exercise Date, deliver to the Purchaser a check payable
to the Purchaser in lieu of such fractional share, in an amount equal to the Market Value of such fractional share as of the close of
business on the Exercise Date.

 

3.              
Adjustments.

 

		(a)	Adjustments for Stock Splits, Etc. If the Company shall at any time after the Issue Date subdivide
its outstanding Common Stock, by split-up or otherwise, or combine its outstanding Common Stock, or issue additional shares of its capital
stock in payment of a stock dividend in respect of its Common Stock, the number of Warrant Shares issuable on the exercise of the unexercised
portion of this Warrant shall forthwith be proportionately increased in the case of a subdivision or stock dividend, or proportionately
decreased in the case of a combination, and the Exercise Price then applicable to shares covered by the unexercised portion of this Warrant
shall forthwith be proportionately decreased in the case of a subdivision or stock dividend, or proportionately increased in the case
of combination.

 

		(b)	Adjustment for Reclassification, Reorganization, Etc. In case of any reclassification, capital
reorganization, or change of the outstanding Common Stock (other than as a result of a subdivision, combination or stock dividend), or
in the case of any consolidation of the Company with, or merger of the Company into, another Person (other than a consolidation or merger
in which the Company is the continuing corporation and which does not result in any reclassification or change of the outstanding Common
Stock of the Company), or in case of any sale or conveyance to one or more Persons of the property of the Company as an entirety or substantially
as an entirety at any time prior to the expiration of this Warrant, then, as a condition of such reclassification, reorganization, change,
consolidation, merger, sale or conveyance, lawful provision shall be made, and duly executed documents evidencing the same from the Company
or its successor shall be delivered to the Holder of this Warrant, so that the Holder of this Warrant shall have the right at any time
prior to the expiration of this Warrant to purchase, at a total price not to exceed that payable upon the exercise of the unexercised
portion of this Warrant, the kind and amount of shares of stock and other securities and property receivable upon such reclassification,
reorganization, change, consolidation, merger, sale or conveyance by a holder of the number of shares of Common Stock of the Company as
to which this Warrant was exercisable immediately prior to such reclassification, reorganization, change, consolidation, merger, sale
or conveyance, and in any such case appropriate provision shall be made with respect to the rights and interests of the Holder of this
Warrant to the end that the provisions hereof (including, without limitation, provisions for the adjustment of the Exercise Price and
of the number of shares purchasable upon exercise of this Warrant) shall thereafter be applicable in relation to any shares of stock,
and other securities and property, thereafter deliverable upon exercise hereof. If, as a consequence of any such transaction, solely cash,
and no securities or other property of any kind, is deliverable upon exercise of this Warrant, then, in such event, the Company may terminate
this Warrant by giving the Holder hereof written notice thereof. Such notice shall specify the date (at least thirty (30) days subsequent
to the date on which notice is given) on which, at 3:00 P.M., Atlanta, Georgia time, this Warrant shall terminate. Notwithstanding any
such notice, this Warrant shall remain exercisable, and otherwise in full force and effect, until such time of termination.

 

		(c)	Certificate of Adjustment. Whenever the Exercise Price or the number of Warrant Shares issuable
hereunder is adjusted, as herein provided, the Company shall promptly deliver to the registered Holder of this Warrant a certificate of
the Treasurer of the Company, which certificate shall state (i) the Exercise Price and the number of Warrant Shares issuable hereunder
after such adjustment, (ii) the facts requiring such adjustment, and (iii) the method of calculation for such adjustment and increase
or decrease.

 

		(d)	Small Adjustments. No adjustment in the Exercise Price shall be required unless such adjustment
would require an increase or decrease in the Exercise Price of at least one percent; provided, however, that any adjustments which by
reason of this Section 3(d) are not required to be made immediately shall be carried forward and taken into account at the time of exercise
of this Warrant or any subsequent adjustment in the Exercise Price which, singly or in combination with any adjustment carried forward,
is required to be made under Sections 3(a) or (b). 

 

 

 

    	 	4	 

     

    

 

4.              
Reservation of Stock, etc., Issuable on Exercise of Warrant. The Company will at all times reserve and keep available, solely
for issuance and delivery upon the exercise of this Warrant, all shares of Common Stock from time to time issuable upon the exercise of
this Warrant.

 

5.              
Disposition of This Warrant, Common Stock, Etc.

 

		(a)	No Transfer Except on Compliance with Law. The Holder of this Warrant and any transferee hereof
or of the Warrant Shares, by his or her acceptance hereof, hereby understands and agrees that this Warrant and the Warrant Shares have
not been registered under the Securities Act, and may not be sold, pledged, hypothecated, donated, or otherwise transferred (whether or
not for consideration) without an effective registration statement under the Act or an opinion of counsel satisfactory to the Company
and/or submission to the Company of such other evidence as may be satisfactory to counsel to the Company, in each such case, to the effect
that any such transfer shall not be in violation of the Act. It shall be a condition to the transfer of this Warrant that any transferee
thereof deliver to the Company its written agreement to accept and be bound by all of the terms and conditions of this Warrant. The foregoing
notwithstanding, the Company acknowledges its obligations to register the Warrant Shares as set forth herein in Section 5(d) herein.

 

		(b)	Legend on Shares issued upon Exercise. Except to the extent the Warrant Shares are registered for
resale, or may be sold to the public pursuant to Rule 144 under the Securities Act, the certificates of the Company that will evidence
the Warrant Shares will be imprinted with a conspicuous legend in substantially the following form:

 

“THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT
BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED (WHETHER OR NOT FOR CONSIDERATION) BY THE HOLDER WITHOUT AN EFFECTIVE
REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY AND/OR SUBMISSION TO THE COMPANY OF SUCH OTHER
EVIDENCE AS MAY BE SATISFACTORY TO COUNSEL TO THE COMPANY, IN EACH SUCH CASE, TO THE EFFECT THAT ANY SUCH TRANSFER SHALL NOT BE IN VIOLATION
OF THE ACT.”

 

		(c)	No Agreement to Register. Except as set forth in Section 5(d), the Company has not agreed to register
any of the Holder’s Warrant Shares for distribution in accordance with the provisions of the Securities Act, and the Company has
not agreed to comply with any exemption from registration under the Act for the resale of the Holder’s Warrant Shares. Hence, it
is the understanding of the Holder of this Warrant that by virtue of the provisions of certain rules respecting “restricted securities”
promulgated by the SEC, the Warrant Shares may be required to be held indefinitely, unless and until registered under the Securities Act,
unless an exemption from such registration is available, in which case the Holder may still be limited as to the number of Warrant Shares
that may be sold from time to time.

 

		(d)	Piggyback Registration Rights. If the Company proposes to register any of its Common Stock (other
than pursuant to a Registration on Form S-4 or S-8 or any successor form), it will give prompt written notice to the Holder of its intention
to effect such Registration (a “Registration”). Within ten business days of receiving such written notice of a Registration,
the Holder may make a written request (the “Piggy-Back Request”) that the Company include in the proposed Registration
all, or a portion, of the Warrant Shares that the Holder has the right to acquire by the exercise of this Warrant (which Piggy-Back Request
shall set forth the Warrant Shares intended to be disposed of by the Holder and the intended method of disposition thereof). Notwithstanding
the foregoing, if a Registration involves an underwritten offering, and the managing underwriter (or, in the case of an offering that
is not underwritten, an investment banker) shall advise the Company that, in its opinion, the number of securities requested and otherwise
proposed to be included in such Registration exceeds the number which can be sold in such offering without adversely affecting the marketability
of the offering, the Company will include in such Registration to the extent of the number which the Company is so advised can be sold
in such offering, first, the securities the Company proposes to sell for its own account in such Registration and second, the
Warrant Shares that the Holder requests be included in such Registration and all other securities requested to be included in such Registration
on a pro rata basis. The Company shall pay all expenses arising from or incidental to the performance of, or compliance with,
its obligations under this Section 5(d), provided that the Holder requesting such Registration shall bear any transfer taxes
applicable to its Warrant Shares registered thereunder, customary (both as to type and amount) commissions or discounts payable to the
underwriters, selling brokers, managers or other similar persons engaged in the distribution of any of the Warrant Shares, and the fees
and expenses of the Holder’s own counsel.

 

 

 

    	 	5	 

     

    

 

6.              
Rights and Obligations of Warrant Holder. The Holder of this Warrant shall not, by virtue hereof, be entitled to any voting
rights or other rights as a stockholder of the Company. No provision of this Warrant, in the absence of affirmative actions by the Holder
to purchase Common Stock of the Company by exercising this Warrant, and no enumeration in this Warrant of the rights or privileges of
the Holder, will give rise to any liability of such Holder for the Exercise Price of Common Stock acquirable by exercise hereof or as
a stockholder of the Company.

 

7.              
Transfer of Warrants. Subject to compliance with the restrictions on transfer applicable to this Warrant referred to in
Section 5 hereof, this Warrant and all rights hereunder are transferable, in whole or in part, without charge to the registered Holder,
upon surrender of this Warrant with a properly executed Assignment (in substantially the form attached hereto as Exhibit B), to
the Company, and the Company at its expense will issue and deliver to or upon the order of the Holder hereof a new Warrant or Warrants
in such denomination or denominations as may be requested, but otherwise of like tenor, in the name of the Holder or as the Holder (upon
payment of any applicable transfer taxes) may direct.

 

8.              
Replacement of Warrants. Upon receipt of evidence reasonably satisfactory to the Company of the loss, theft, destruction
or mutilation of any Warrant and, in the case of any such loss, theft or destruction, upon delivery of an indemnity agreement reasonably
satisfactory in form and amount to the Company or, in the case of any such mutilation, upon surrender and cancellation of such Warrant,
the Company at its expense will execute and deliver, in lieu thereof, a new Warrant of like tenor.

 

9.              
Company Records.

 

		(a)	Until this Warrant is transferred on the books of the Company, the Company may treat the registered Holder
hereof as the absolute owner hereof for all purposes, notwithstanding any notice to the contrary.

 

		(b)	Notwithstanding anything to the contrary herein, this Warrant shall initially be issuable in book-entry
registration form registered in the name of the Holder. Ownership of beneficial interests in this Warrant, and the transfer of such ownership
shall be effected through, records maintained by the duly appointed transfer agent for the Company’s Common Stock. If the Company’s
transfer agent subsequently ceases to serve as transfer agent for the Warrants, and a replacement is not appointed, the Company or is
transfer agent shall deliver the Holder of this Warrant a certificate representing this Warrant in paper form.

 

10.           
Miscellaneous.

 

		(a)	Notices. All notices and other communications from the Company to the Holder of this Warrant shall
be mailed by first class mail, postage prepaid, to such address as may have been furnished to the Company in writing by such Holder, or,
until an address is so furnished, to and at the address of the last Holder of this Warrant who has so furnished an address to the Company.
All communications from the Holder of this Warrant to the Company shall be mailed by first class mail, postage prepaid, to Bitmine Immersion
Technologies, Inc., 2030 Powers Ferry Road, SE, Suite 212, Atlanta, Georgia 30339, Attn: Chief Executive Officer, or such other address
as may have been furnished to the Holder in writing by the Company.

 

		(b)	Amendment and Waiver. Except as otherwise provided herein, this Warrant and any term hereof may
be amended, waived, discharged or terminated only by an instrument in writing signed by the party against which enforcement of such amendment,
waiver, discharge or termination is sought.

 

		(c)	Governing Law; Descriptive Headings. This Warrant shall be construed and enforced in accordance
with and governed by the laws of the State of Delaware. The headings in this Warrant are for purposes of reference only, and shall not
limit or otherwise affect any of the terms hereof.

 

[SIGNATURE ON FOLLOWING PAGE]

 

 

    	 	6	 

     

    

 

Dated: _______________, 2021.

 

 

	 	 	 
	BITMINE IMMERSION TECHNOLOGIES, INC.
	 	 
	 	 
	By:	 	
     

	 	 	 
	Name:	 	Erik S. Nelson
	 	 	 
	Title:	 	Chief Executive Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	7	 

     

    

 

EXHIBIT A

 

SUBSCRIPTION AGREEMENT

 

[To be signed only upon exercise of Warrant]

 

	 	 	 
	To:	  	Date:

 

The undersigned, the Holder of the within Warrant,
pursuant to the provisions set forth in the within Warrant, hereby irrevocably elects to exercise the purchase rights represented by such
Warrant for, and agrees to subscribe for and purchase thereunder, shares of the Common Stock covered by such Warrant and herewith makes
payment of $                      therefor, and requests that the certificates for such shares be issued in the name of, and delivered to,                         , whose address
is:                    . If said number of shares is less than all the shares covered by such Warrant, a new Warrant shall be registered in the name of the
undersigned and delivered to the address stated below.

 

 

 

	 	 	 
	Signature	 	
     

	 	 
	 	 	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant or on the form of Assignment attached as Exhibit B thereto.)
	 	 
	Address	 	
     

	 	 
	 	 	
     

	 
	[Signature Guarantee]

 

 

 

 

 

 

    	 	8	 

     

    

 

EXHIBIT B

 

ASSIGNMENT

 

[To be signed only upon transfer of Warrant]

 

For value received, the undersigned hereby sells,
assigns and transfers all of the rights of the undersigned under the within Warrant with respect to the number of shares of the Common
Stock covered thereby set forth below, unto:

 

 

	 	 	 	 	 
	Name of Assignee	  	Address	  	No. of Shares

 

 

 

	 	 	 	 	 
	Dated:	 	Signature	 	
     

	 	 	 
	 	 	 	 	(Signature must conform in all respects to name of Holder as specified on the face of the Warrant.)
	 	 	 
	 	 	Address	 	
     

	 	 	 
	 	 	 	 	
     

	 	 
	 	 	[Signature Guarantee]

 

 

 

 

 

 

 

 

 

    	 	9Exhibit 10.1

 

Amended and Restated Line of
Credit Agreement

 

 

This AMENDED AND RESTATED LINE OF CREDIT AGREEMENT
(the “Agreement”) is entered into on this 24th day of June, 2022, by and between Innovative Digital Investors, LLC., a limited
liability company, on behalf of Innovative Digital Investors Emerging Technology LP, whose address is 10845 Griffith Peak Drive #2, Las
Vegas, NV 89135 ("Creditor" or ”IDI”) and BitMine lmmersion Technologies, Inc., a Delaware Corporation, whose principal
address is 2030 Powers Ferry Road SE, Suite 212, Atlanta, GA. 30339 (the "Company" or "BitMine"), collectively referred
to as the "Parties." This Agreement amends and restates that Line of Credit agreement originally entered into on July 22, 2021,
as restated and amended on August 3, 2021, and as further restated and amended on September 29, 2021, as further restated on March 30th,
2022.

 

WHEREAS, BITMINE is a corporation with limited
resources and from time to time may be in need of capital in order to advance the development of its operations, specifically equipment
related to Cryptocurrency Mining and Infrastructure and working capital needs.

 

WHEREAS, Qualified Assets will include any
Mining Computers selected by the Company, and any equipment used to house these machines, which are approved by IDI in advance of purchase
by the Company.

 

WHEREAS, loan proceeds may also be used
for working capital needs at the sole discretion of IDI up to the borrow limit.

 

WHEREAS, BITMINE is in need of borrowing
funds, and IDI is willing to advance funds to BITMINE for the purposes stated above.

 

WHEREAS, IDI and BITMINE are desiring to
enter into this Agreement for the purposes of advancing the development of BitMine's business plan as stated above.

 

NOW, THEREFORE, for good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged by each of the parties hereto, the parties hereby agree as follows:

 

1. Amount of Line of Credit: The amount of the Line
of Credit shall be Three Million Dollars ($3,000,000), which IDI shall loan to BitMine as follows:

A. Any requests to borrow funds shall be submitted with
a “Use of Funds Statement.” If the request is to finance the purchase of equipment, the Use of Funds Statement shall include
appropriate purchase or expense documentation documenting the equipment to be purchased with the proceeds. If the request is for general
working capital, the Use of Funds Statement IDI shall indicate the types of expenses to be paid. All Use of Funds Statements shall be
submitted to Jonathan Bates and IDI, and are subject to his approval. All amounts disbursed pursuant to a Use of Funds Statement shall
be considered “Debt” under this Agreement.

 

B. Borrowing Period: The Company shall be entitled
to borrow funds commencing with the signing of the original line of credit agreement on July 22, 2021 and continuing through August 31,
2022.

 

C. Senior Debt Status: The Debt shall be senior to
all other company debt.

 

2. Interest Rate: All Debt shall incur interest at
the rate of Fifteen Percent (15%) per annum, compounded on a 30/360 monthly basis until the Debt has been repaid in full.

 

 

 

    	 	 	 

     

    

 

3. Time of Payment:

 

A. Maturity Date: All amounts due
IDI under this Agreement, including principal and interest, shall be due and payable on December 1, 2022.

 

B. Prepayment: Advance payment or
payments may be made on any amounts due under this Note without penalty or forfeiture. There shall be no penalty for any prepayment.

 

4. Collateral: The Company hereby grants Creditor
a security interest and lien on all machinery and equipment purchased with the proceeds of the Loan, as well as all other assets or cash
balances of the Company, including any in proceeds thereof, to secure repayment of all amounts due under this Agreement.

 

5. [Intentionally Omitted]

 

6. Assignability: The rights or obligations under
this Note may not be assigned and/or delegated by the Company without the express written consent of the other party. Holder may assign
his rights without restriction.

 

7. Representations and Warranties of Company: The
Company represents and warrants as follows:

 

A. The Company is a corporation duly organized, validly existing
and in good standing under the laws of the State of Delaware. The Company bas the corporate power to own its properties and to carry on
its business as now being conducted.

 

B. The Company has all requisite corporate power and authority
to enter into this Agreement and to consummate the transactions contemplated hereby. The execution and delivery of this Agreement and
the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of the
Company. The Company's Board of Directors has approved this Agreement and the transactions contemplated hereby. This Agreement has been
duly executed and delivered by the Company and constitutes a valid and binding obligation of the Company, enforceable in accordance with
its terms, except (a) as limited by applicable bankruptcy, insolvency. reorganization, moratorium and other laws of general application
affecting enforcement of creditors' rights generally and (b) as limited by laws relating to the availability of specific performance,
injunctive relief or other equitable remedies.

 

C. This Agreement is the legal, valid and binding obligation
of the Company, except as limited by applicable bankruptcy, insolvency, and other similar laws affecting creditors' rights generally.

 

8. Representations and Warranties of Creditor: The
Creditor represents and warrants as follows:

 

A. That the Creditor has knowledge and experience in financial
and business matters and that he understands that the merits and risks associated with the execution of this Agreement.

 

9. Events of Default:

 

A. In the "Event of Default'' as that term is described
in 9(B), the total amount under due under this Agreement shall become immediately due and payable.

 

 

 

    	 	2	 

     

    

 

B. The term, "Event of Default" shall mean:

 

i. The Company is unable to make any of the payments specified
in paragraph 3(A), and fails to cure such default within 15 days after written notice from the Creditor.

 

ii. The Company shall make an assignment for the benefit
of creditors or shall admit in writing its inability to pay its debts as they become due; or

 

iii. The Company shall file a voluntary petition in bankruptcy,
or shall be the subject of an involuntary bankruptcy petition which is not dismissed within 30 days after it is filed, or adjudicated
bankrupt or insolvent, or shall file any petition or answer seeking any reorganization arrangement, composition, readjustment, liquidation,
dissolution, or similar relief under the present or any future Federal Bankruptcy Code or other applicable federal, state or similar statute,
law or regulation, or shall seek or consent to or acquiesce in the appointment of any trustee, receiver or liquidator of the Company or
of all or any substantial part of its assets.

 

C. Notice of Default: In the event of an action triggering
an Event of Default, the Creditor shall promptly notify the Company by USPS Certified Mail of the Event of Default. The Company shall
have ten (10) days from the mailing of the Event of Default notice to cure the Event of Default by making the specified payment(s) or
taking the specified actions.

 

D. Remedies on Default. Upon a default, the Creditor
shall be entitled to all remedies provided at law or in equity, including all remedies available under the Uniform Commercial Code, including
repossession and sale of any collateral for the Debt.

 

10. Notices: All notices, requests or instructions
hereunder shall be in writing and delivered personally or sent by FedEx mail or similar overnight delivery, postage prepaid, as follows:

 

If to IDI: C/o Innovative Digital Investors, LLC. Attn.:
Jonathan Bates; 10845 Griffith Peak Dr. #2; Las Vegas NV, 89135

 

If to BITMINE: BitMine Immersion Technologies Inc. Attn.:
Jonathan Bates, CEO; 2030 Powers Ferry Road SE; Suite 212; Atlanta, GA. 30339

 

11. Governing Law and Venue: The terms and provisions
of this letter are solely for the benefit of the BitMine and IDI and their respective successors, assigns, heirs and personal representatives.
and no other person shall acquire or have any right by virtue of this letter. IDI and the Company agree that any dispute concerning the
interpretation, validity or enforceability of this agreement, and any action arising from any alleged breach hereof shall be adjudicated
exclusively in State or Superior Court for the county in which IDl's principal executive office shall be located at the time of institution
of such action, or in the applicable district and division of the U.S. District Court having venue for disputes in that same county. In
the event of any litigation arising from or related to this Agreement, or the services provided under this Agreement. the prevailing party
shall be entitled to recover from the non-prevailing party all reasonable costs incurred including staff time, court costs, attorney's
fees, and all other related expenses incurred in such litigation. In the event of a settlement of litigation between the parties or a
resolution of a dispute by arbitration, the term "prevailing party" shall be determined by that process.

 

12. Entire Agreement: This Agreement, including all
exhibits and schedules attached thereto, executed on even date herewith, constitutes the full and entire understanding and agreement between
the parties with regard to the Debt, and no party shall be liable or bound to any other party in any manner by any representations, warranties,
covenants and agreements.

 

 

 

    	 	3	 

     

    

 

13. Severability: The invalidity or unenforceability
of any provision of this letter shall not affect the validity or enforceability of any other provisions of this letter, which shall remain
in full force and effect.

 

14. Counterparts/Electronic Signatures: This Agreement
may be executed in counterparts, all of which together shall constitute one agreement binding on all the parties hereto, notwithstanding
that all such parties are not signatories to the original or the same counterpart. Facsimile or electronically transmitted signatures
shall be deemed effective as originals.

 

15. Authority/Capacities/Entities: Each person signing
this Agreement represents and warrants that he or she has complete authority and legal capacity to enter into this Agreement on behalf
of the entity for which he or she is signing, and agrees to defend, indemnify. and hold harmless all other parties if that authority or
capacity is challenged.

 

16. Knowing and Voluntary Agreement: The Parties represent
they have read this Agreement, understand it. voluntarily agree to its terms, and sign it freely.

 

IN WITNESS WHEREOF, the parties hereto have executed
this Agreement on the date first above written.

 

Innovative Digital Investors Emerging Technology LP

 

By: Innovative Digital Investors, LLC,

its General Partner

 

 

By: ______________________________________

Jonathan Bates, Managing Member of

Innovative Digital Investors,
LLC.,

 

 

 

BitMine Immersion Technologies, Inc.

 

 

By: ______________________________________

Jonathan Bates,

Chief Executive Officer

 

 

 

    	 	4

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