Document:

Exhibit 10.1

 

SERVICES AGREEMENT

 

This Services Agreement (this “Agreement”),
effective as of March 19, 2021 (the “Effective Date”), is entered into by and among Applied Science Products,
Inc., a Nevada corporation (the “Company”), GMR Limited, a British Virgin Islands limited liability company
(“GMR”), Xsquared Holding Limited, a British Virgin Islands limited liability company (“SparkPool”),
and Valuefinder, a British Virgin Islands limited liability company (“Valuefinder” and with GMR and SparkPool,
each a “Service Provider” and collectively, the “Service Providers”).

 

WITNESSETH

 

WHEREAS,
the Company desires to appoint, engage and retain the Service Providers to provide cryptocurrency mining management, equipment and other
services with respect to the Company in accordance with the terms and conditions set forth herein; and

 

WHEREAS,
the Service Providers desire to accept such appointment and engagement as Service Providers with respect to the Company and agree to provide
certain cryptocurrency mining management, equipment and other services with respect to the Company in accordance with and subject to the
terms and conditions hereof.

 

NOW
THEREFORE, in consideration of the mutual covenants and agreements of the parties contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties, intending to be legally bound, do hereby agree
as follows:

 

		1.	Engagement.

 

Subject to the
terms and conditions set forth herein, the Company hereby appoints, engages and retains each of the Service Providers to provide, respectively,
cryptocurrency mining management, equipment and other services set forth in Section 2 (the “Services”)
for the Company. The Service Providers each hereby accept such engagement as a Service Provider and agree to provide the Services subject
to the terms and conditions set forth herein.

 

		2.	Authority and Duties of the Service Providers.

 

Without limiting
the generality of the foregoing and subject to the limitations contained herein, each Service Provider will provide respectively the following
services:

 

SparkPool shall:

 

		(a)	assist the Company in procuring mining equipment;
	 	 	 

		(b)	manage all cryptocurrency mining operations on behalf of the Company, including, without limitation,
operating the equipment, determining hosts for the equipment;

 

GMR and Valuefinder shall:

 

		(a)	provide advisory and strategy planning services for the Company on determing the
best time to purchase or sell mining equipment, making decisions as to the types of cryptocurrencies to mine, conducting investment research
for the benefit of the Company on the cryptocurrency market in general, and individual cryptocurrencies specifically, establishing profitable
mining strategy;
	 	 	 

		(b)	provide portfolio management advisory services of all cryptocurrency assets of
the Company, including, without limitation, purchases, sales, trading, hedging and yield generation with respect to any and all such cryptocurrencies,
subject to any trading limits imposed
on the Service Providers by the Company, and full transparency reporting of the Company’s cryptocurrency portfolio and related transactions;

 

     

     

    

 

Each of the Service Providers shall
also:

 

		(a)	enter into, execute, maintain and/or terminate contracts, undertakings, agreements
and any and all other documents and instruments in the name of the Company as the Service Providers shall determine to be necessary or
desirable in connection with the Services; and
	 	 	 

		(b)	do any and all acts on behalf of the Company as the Service Providers may deem
necessary or advisable in connection with the performance of their respective duties and obligations hereunder.

 

		3.	Compensation; Expenses.

 

		(a)	For their provision of the Services, within [30 days] upon the execution of this
Agreement, the Company shall issue to the Service Providers the 24% percentages of the fully diluted issued and outstanding shares of
[Common Stock of the Company] at USD 0.01 per share (the “Shares”) of the Company, calculated subsequent
to the offering of the Company’s shares anticipated to take place on or about March 25, 2021, free and clear of any liens or encumbrances:
(i) 9.9% to SparkPool[or its designated party]; (ii) 9.9% to GMR[or its designated party]; and (iii) 4.2% to Valuefinder[or its designated
party].
	 	 	 

		(a)	The Company shall bear full responsibility for and shall bear all of its own expenses
and costs of its cryptocurrency mining operations, including without limitation (i) the purchase price for the Equipment, (ii) costs of
use of the Equipment, including electricity costs and cost of storage, (iii) costs, expenses, taxes and government levies in relation
to the purchasing, selling, hedging or otherwise trading its cryptocurrencies, including any and all brokerage costs, (iv) other potential
costs and expenses iccurred by its cryptocurrency mining operations. The Company shall, promptly upon demand, reimburse the Service Providers
for any such expenses incurred or expended by the Service Providers on the Company’s behalf. The Service Providers shall be responsible
for all general overhead expenses incurred by the Service Providers in the operation of their businesses including, without limitation,
compensation and benefits for employees of the Service Providers, costs associated with the Service Providers’ internal staff, office
rent and utilities.

 

		4.	Other Activities and Investments.

 

The Service Providers
and their respective members, officers, employees, agents, delegates and affiliates (and each of their respective direct and indirect
partners, members, managers, directors, officers, employees, delegates, agents and affiliates) (collectively, “Affiliates”)
may engage, simultaneously with their Services on behalf of the Company, in other businesses, and may render services similar to those
described in this Agreement to Other Clients (as defined below) and shall not by reason of engaging in other businesses or rendering
of services for others be deemed to be acting in conflict with the interests of the Company; provided, however, that in the event that
a Service Provider renders the same or similar services as the Services to Other Clients (“Other Services”),
such Service Provider shall notify the Company and give the Company the option to engage such Service Provider for such Other Services
on the same or better terms as such Other Services are being provided to such Other Clients. The Service Providers and their respective
Affiliates, in their individual capacities, may engage in cryptocurrency transactions that may be different from, and contrary to, transactions
engaged in by the Company. The Service Providers and their respective Affiliates may provide similar services to individuals, entities
and other clients (“Other Clients”) and in connection therewith engage in cryptocurrency transactions that
may be different from, and contrary to, transactions engaged in by the Company.

 

     

     

    

 

		5.	Custody.

 

To the extent
required by law and if applicable, the cryptocurrency assets of the Company shall be held in the custody of one or more custodians (or
other independent institutions performing the functions of custodian, with respect to the assets which are held by such institutions)
selected by the Company in its discretion. The Service Providers shall not be responsible for the selection and appointment of the custodian,
any expenses related hereto and any loss incurred by reason of any act or omission of a custodian.

 

		6.	Scope of Liability.

 

To the fullest
extent permitted by applicable law, the Service Providers shall not be liable to the Company or to any shareholder (or any of their respective
affiliates, employees, agents or officers) for any losses, damages, expenses, liabilities, or claims incurred by any of them in connection
with the performance of the Services hereunder, other than such losses, liabilities, damages and expenses incurred primarily as a result
of a Service Provider’s fraud, bad faith, willful misconduct, or gross negligence.

 

Notwithstanding
anything contained in this Agreement to the contrary, no party to this Agreement shall be liable for failures or delays in performing
their obligations hereunder arising from any cause beyond their control, including without limitation, acts of God, acts of civil or military
authority, fires, strikes, lockouts or labour disputes, epidemics, governmental restrictions, wars, terrorist acts, riots, earthquakes,
storms, typhoons, floods and breakdowns in electronic and computer information and communications systems (each a “Force Majeure
Event”) and in the event of any such delay, the time for the parties' performance shall be extended for a period equal to the time
lost by reason of the delay which shall be remedied with all due despatch in the circumstances.

 

		7.	Indemnification.

 

		(a)	To the fullest extent permitted by applicable law, the Company shall indemnify
and hold harmless each of the Service Providers, their respective members, officers, directors, managers, employees, agents, owners, and
Affiliates (each, a “Service Provider Indemnified Party”) from and against any and all claims, liabilities,
damages, losses, costs and expenses (including amounts paid in satisfaction of judgments, in compromises and settlements, as fines and
penalties and legal or other costs and reasonable expenses, including attorneys’ fees, of investigating or defending against any
claim or alleged claim) of any nature whatsoever, known or unknown, liquidated or unliquidated, that are incurred by any Service Provider
Indemnified Party and arise out of or in connection with such Service Provider’s serving or having served as Service Provider pursuant
to this Agreement (the “Indemnified Expenses”); provided, however, a Service Provider Indemnified
Party shall not be entitled to indemnification hereunder if and to the extent that there is a final adjudication, in an underlying action
or proceeding in which the Indemnified Expenses were incurred, that the Service Provider Indemnified Party’s conduct constituted
fraud, bad faith, willful misconduct, or gross negligence.
	 	 	 

		(b)	To the fullest extent permitted by applicable law, each Service Provider, jointly
and severally, shall indemnify and hold harmless the Company, its shareholders, officers, directors, managers, employees, agents, owners,
and Affiliates (each, a “Company Indemnified Party” and together with the Service Provider Indemnified Parties,
the “Indemnified Parties”) from and against any and all Indemnified Expenses that are incurred by any Company
Indemnified Party and arise out of or in connection with (i) a Service Provider’s material breach of this Agreement or (ii) the
fraud, bad faith, willful misconduct, or gross negligence on
the part of any Service Provider Indemnified Party.

 

     

     

    

 

		8.	Representations and Warranties of the Service Providers

 

Each of the Service Providers, jointly
and severally, hereby represents and warrants to the Company as follows:

 

		(a)	It has full power and authority to enter into this Agreement;
	 	 	 

		(b)	Entering into this Agreement shall not conflict with any other agreement of such
Service Provider;
	 	 	 

		(c)	It possesses the requisite skill and expertise to carry out its duties hereunder
and shall perform the Services in a diligent and workmanlike manner to the best of its abilities;
	 	 	 

		(d)	It is acquiring the Shares for its own account, and
not with a view to the distribution (as such term is used in Section 2(11) of the Securities Act of 1933, as amended (the “Securities
Act”)) thereof. Each Service Provider understands that the Shares have not been registered under the Securities
Act, and that the Shares may not be transferred or sold until the Shares are registered under the Securities Act, or an exemption from
such registration is available.
	 	 	 

		(e)	It understands and agrees that the Company, at the time of issuance, shall cause
the legends set forth below, or substantially equivalent legends, to be placed upon any certificate(s) evidencing ownership of the Shares,
together with any legends that may be required by the Company or by applicable state or federal securities laws:
	 	 	 

THE SECURITIES
REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND MAY NOT
BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED UNLESS AND UNTIL REGISTERED UNDER THE SECURITIES ACT OR, IN THE OPINION
OF COUNSEL SATISFACTORY TO THE ISSUER OF THESE SECURITIES, SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH
THE SECURITIES ACT.

 

		(f)	It represents and acknowledges that it has adequately analyzed and fully considered
the risks of holding the Shares and determined that the Shares are a suitable investment for such Service Provider and that it is able
at this time and in the foreseeable future to bear the economic risk of a total loss of its investment in the Company.

 

Except for the
express representations and warranties contained in this section 8 or otherwise under this Agreement, no Service Provider is making any
representation or warranty, express or implied, of any nature whatsoever with respect to such Service Provider or the Service.

 

		9.	Representations and Warranties of the Company

 

The
Company, hereby represents and warrants to each of the Service Providers, as follows:

 

		(a)	It is duly incorporated and is validly existing as a company under the laws of
the State of Nevada and is not insolvent, in liquidation or in receivership;
	 	 	 

		(b)	The Company has full legal capacity to execute and deliver this Agreement and to
perform Company’s obligations hereunder;

 

     

     

    

 

		(c)	The Shares when issued, delivered and held by each of the Service Providers will be duly and validly issued,
free and clear of any liens or encumbrances, and will be subject to no restrictions on transferring except the restrictions on transfer
under applicable federal and state securities laws;
	 	 	 

		(d)	The execution, delivery and performance of this Agreement by the Company will not (A) materially violate
any law, order or other restrictions of any governmental entity to which such Company is subject, (B) conflict with, result in a breach
of, constitute a default under, result in the acceleration of, create in any party the right to accelerate, terminate, modify, or cancel,
or require any notice under any contract or other arrangement relating to the Shares, or (C) result in the imposition or creation of a
lien upon, or with respect to, such Company’s Shares;
	 	 	 

		(e)	There are no proceedings pending or, to such Company’s knowledge, threatened against or by such
Company or its affiliate that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement
or that otherwise relate to the Shares.
	 	 	 

		(f)	the Company shall use its best effort to cause the Shares to be registered under the Securities Act within
120 days of closing.

 

		10.	Independent
Contractor.

 

For all purposes of
this Agreement, each of the Service Providers shall be an independent contractor and not an employee or dependent agent of the Company,
nor shall anything herein be construed as making the Company a partner or co-venturer with any of the Service Providers or any of their
respective Affiliates or Other Clients.

 

		11.	Term;
Termination; Renewal.

 

		(a)	Unless agreed otherwise by the parties hereto in writing, upon execution hereof,
this Agreement shall remain in full force and effect for a period of three (3) years from the Effective Date, and shall automatically
renew each year thereafter for an additional one-year period, unless and until terminated in accordance with Section 11(b) of this
Agreement.
	 	 	 

		(b)	This Agreement may be terminated, without penalty, by (i) the Company upon at least
[seventy-five (75)] days’ prior written notice to a Service Provider, (ii) a Service Provider upon at least [seventy-five
(75)] days’ prior written notice to the Company, or (iii) a Service Provider, on the one hand, and the Company, on the other
hand, by mutual written agreement at any time. The termination of this Agreement with respect to one Service Provider shall not affect
the validity or continuation of this Agreement with respect to any other Service Provider.
	 	 	 

		(c)	The termination of this Agreement shall not extinguish the obligations of the Company
for the payment or reimbursement of any expenses in respect of Services prior to the effective date of such termination. For clarity,
the termination of this Agreement shall not affect the Shares that have been issued to and held by a Service Provider.
	 	 	 

		(d)	The provisions of Sections 3, 6, 7, 8, 9, 10, 14, 15, 16, 18, and 21 hereof shall
survive indefinitely any termination of this Agreement.

 

     

     

    

 

		12.	Delegation
of Rights.

 

The Service Providers
shall have the power and authority to (a) retain the services of others to assist it in the performance of their duties and obligations
hereunder, and/or (b) delegate any of their rights, duties or responsibilities hereunder, in whole or in part, to any other persons, firms
or entities (including Affiliates of the Service Providers); provided, that payment to any such persons shall be the sole responsibility
of the Service Providers, and the Company shall not have any liability for such payment, except to the extent such expenses are allocable
to the Company pursuant to Section 3(b) hereof. Notwithstanding the foregoing, the Service Providers shall be responsible for managing
and supervising any such persons and for causing such persons to comply with the terms and provisions of this Agreement.

 

		13.	Amendment; Modification; Waiver.

 

Except as otherwise
expressly provided herein, this Agreement shall not be amended, nor shall any provision of this Agreement be considered modified or waived,
unless evidenced by a writing signed by the party to be charged with such amendment, waiver or modification. The failure of a party to
insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a waiver thereof or deprive that party
of the right thereafter to insist upon strict adherence to that term or any other term of this Agreement.

 

		14.	Binding Effect; Assignment.

 

This Agreement shall
be binding upon and inure to the benefit of the parties hereto and their respective successors, but the rights and obligations hereunder
shall not, except as otherwise expressly provided herein, be assignable, transferable or delegable without the written consent of the
other party hereto and any attempted assignment, transfer or delegation hereof without such consent shall be void.

 

		15.	Invalid Provisions.

 

If any provision
of this Agreement is held to be illegal, invalid, or unenforceable under present or future laws effective during the term of this Agreement,
such provision shall be fully severable. This Agreement shall be construed and enforced as if such illegal, invalid, or unenforceable
provision had never comprised a part of this Agreement; and the remaining provisions of this Agreement shall remain in full force and
effect and shall not be affected by the illegal, invalid, or unenforceable provision or severance from this Agreement. Furthermore, in
lieu of such illegal, invalid, or unenforceable provision, there shall be added automatically as part of this Agreement, a provision as
similar in terms to such illegal, invalid, or unenforceable provision as is possible to be legal, valid, and enforceable.

 

		16.	Notices.

 

Any and all written
communications provided herein shall be deemed duly given if personally delivered or delivered by mail, postage prepaid or email to the
physical address or email address set forth below, unless notice of a change of physical address or email address is furnished in the
manner provided herein.

 

	If to the Service Providers:	If to the Company:  

 

	
    for Sparkpool

    Xsquared Holding Limited

    Vistra Corporate Services Centre, Wickhams

    Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
	
    Applied Science Products, Inc.

    3811 Turtle Creek Blvd

    Suite 2125

    Dallas, TX 75219

     

 

     

     

    

 

for General Mining Research

 

GMR Limited

Trinity Chambers, PO Box 4301,

Road Town, Tortola,

British Virgin Islands

 

for Valuefinder

 

Valuefinder Limited

Vistra Corporate Services Centre, Wickhams
Cay II,

Road Town, Tortola, VG1110,

British Virgin Islands.

 

		17.	Entire Agreement.

 

This Agreement
embodies all understandings and agreements of the parties hereto with respect to the subject matter hereof and the terms and conditions
hereof may not be amended except in writing dated even date herewith or subsequent hereto signed by all of the parties hereto. This Agreement
supersedes any prior agreement or understanding among the parties with respect to the subject matter hereto.

 

		18.	Governing Law.

 

This Agreement
shall be governed and construed according to the laws of the State of Texas, without regard to the conflict of law provisions thereof.
Each of the parties hereto irrevocably and unconditionally confirms and agrees that it is and shall continue to be (i) subject to the
jurisdiction of the courts of the State of Texas and of the federal courts sitting in the State of Texas and (ii) subject to service of
process in the State ofTexas.

 

		19.	Execution.

 

This Agreement
may be executed in several counterparts, each of which shall be deemed an original hereof, but only one of which as executed by all parties
shall be required as evidence in any action maintained in connection with this Agreement.

 

		20.	No Third-Party Beneficiary.

 

Except with respect
to the Indemnified Parties pursuant to Section 7, this Agreement is made solely and specifically between and for the benefit of
the parties hereto and their respective successors and assigns, subject to the express provisions hereof relating to successors and assigns,
and no other person or entity whatsoever has any rights, interest, or claims hereunder or is or will be entitled to any benefits under
or on account of this Agreement as a third party beneficiary or otherwise.

 

		21.	Further Assurances.

 

Each party hereto
shall execute and deliver such other documents or agreements as may be necessary or desirable to implement this Agreement and to consummate
the transactions contemplated herein.

 

[Signature Page Follows]

 

     

     

    

 

IN
WITNESS WHEREOF, the undersigned have executed and delivered this Agreement
on and as of the Effective
Date.

 

	 	THE
    COMPANY
	 	 
	 	APPLIED
    SCIENCE PRODUCTS, INC.,
	 	a
    Nevada corporation

 

	 	 	By:	/s/ Wes Cummins
	 	 	      Wes Cummins, President,

 

	 	THE
    SERVICE PROVIDERS
	 	 
	 	GMR
    LIMITED (GENERAL MINING RESEARCH),
	 	a
    British Virgin Islands limited liability company

 

	 	 	By:	/s/ Guo Chen
	 	 	     Guo Chen, Director

 

	 	XSQUARED
    HOLDING LIMITED (SPARKPOOL),
	 	a British Virgin Islands limited liability company

 

	 	 	By:	/s/ Xin Xu
	 	 	   Xin Xu, Director

 

	 	VALUEFINDER
    LIMITED,
	 	a
    British Virgin Islands limited liability company

 

	 	 	By:	/s/ Jason Zhang
	 	 	     Jason Zhang, DirectorExhibit
10.2

 

Master
Professional Services Agreement

 

between

 

Ulteig
Engineers, Inc.

 

and

 

APLD
Hosting, LLC.

 

 

 

    
	Ulteig Master Professional Services Agreement 
 Version: 12/15	Confidential
 Page 1 of 9

     

    

 

		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

THIS
MASTER PROFESSIONAL SERVICES AGREEMENT (hereinafter the “Agreement”) is made as of the latter of the dates set forth
on the signature blocks below (the “Effective Date”) by and between ULTEIG ENGINEERS, INC., a North Dakota corporation
(“Ulteig”), and APLD HOSTING, LLC. (the “Client”) (each, a “Party” and, collectively, the
 “Parties”).

 

IN
CONSIDERATION of the mutual promises and covenants hereinafter set forth and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Parties hereto agree as follows:

 

1.                     
ULTEIG’S RESPONSIBILITIES

 

1.1       SCOPE.
Client desires that Ulteig provide to Client services (the “Services”), from time to time, with respect to various projects,
all of which will be subject to the terms and conditions of this Agreement. The Services that Ulteig will perform with respect to such
projects shall be described in separately authorized work orders (each, a “Work Order”) in the form attached hereto as Exhibit
A. Each Work Order shall also include the schedule and compensation to be paid for the Services. Ulteig is authorized to begin the Services
upon written notice from Client to proceed. Ulteig’s Services under this Agreement are undertaken and performed solely for the
benefit of Client.

 

1.2       ADDITIONAL
SERVICES. With respect to any services that do not constitute Services under a Work Order, Ulteig shall provide such additional services
(any “Additional Services”) only if authorized in writing by the Client. Ulteig will not be obligated to provide Additional
Services unless and until the scope of such Additional Services and the compensation for all Additional Services shall be mutually agreed
by written amendment to the applicable Work Order.

 

1.3       STANDARD
OF CARE. Ulteig agrees that Ulteig will perform the Services according to the standard of care and skill exercised by reputable members
of its profession practicing under similar conditions at the same time and in a similar locale. Other than the foregoing, Ulteig makes
no warranties, express or implied, under this Agreement or otherwise, in connection with the Services.

 

1.4       RESPONSIBILITY
FOR CORRECTIONS. The Services will materially conform to the specifications set forth in the applicable Work Order. Ulteig shall
correct any material technical inaccuracies in the Services without additional compensation, except to the extent such inaccuracies are
attributable to deficiencies in Client-furnished information or otherwise the fault, in whole or in part, of Client. If Ulteig fails
to materially conform to the specifications set forth in the applicable Work Order, Client must notify Ulteig of any claim related thereto
within 30 days of the completion of the applicable Services. If Client fails to provide such notice within such time period, Client’s
claim with respect to such breach shall be deemed irrevocably waived. Ulteig’s correction of its breach as referenced in this Section
1.04 above shall be Client’s sole remedy for Services that do not materially conform to the specifications set forth in the applicable
Work Order, and Ulteig will not be liable for any costs and expenses Client may incur if it elects to have a third party remedy, fix,
or reperform the Services it alleges were not materially in conformance with the specifications set forth in the applicable Work Order.

 

1.5       LIMITATION
OF RESPONSIBILITY. Ulteig shall not supervise, direct, or have control over or responsibility for the means, methods, techniques,
sequences, or procedures of construction used or selected on any project. Furthermore, Ulteig shall not be responsible for the acts or
omissions of Client or any contractor, or their subcontractors or suppliers or for any of their agents or employees or any other persons
furnishing or performing service related to any project (any “Client Party”), or for any interpretations or clarifications
of documents created by Ulteig hereunder made by any Client Party, except upon consultation with and the written advice of Ulteig. If
Ulteig’s performance of any Services is prevented or delayed by any act or omission of any Client Party, Ulteig shall not be deemed
in breach of its obligations under this Agreement or the applicable Work Order or otherwise liable for any costs, charges or losses sustained
or incurred by Client, in each case, to the extent arising directly or indirectly from such prevention or delay.

 

2.                     
CLIENT’S RESPONSIBILITIES

 

2.1       DUTY
TO COOPERATE. Client acknowledges Ulteig’s legal and ethical obligations with respect to public health and safety and will
use Client’s best efforts to help Ulteig comply with these obligations. Moreover, Client shall not require Ulteig to sign, and
Ulteig shall have no obligation to sign, any document that would obligate Ulteig to certify, guarantee or warrant the existence of conditions
the existence of which Ulteig may not be able to, cannot or is not required to ascertain. Client agrees not to resolve or attempt to
resolve any dispute with Ulteig or to make payment of any amount to Ulteig in any way contingent upon any such certification.

 

2.2       DUTY
TO PROVIDE ACCURATE, COMPLETE, AND TIMELY INFORMATION. Client agrees to provide Ulteig with any and all documents, including but
not limited to, structural documents, geotechnical reports and other technical information regarding the Services, Additional Services,
and/or the location where any Services are to be performed (any “Site”), if any, which are available to Client. Client shall
be responsible for, and Ulteig may rely upon, the accuracy and completeness of all requirements, programs, instructions, reports, data,
documents and other information furnished by Client to Ulteig. Ulteig may use such requirements, reports, data, documents and information
in performing or furnishing the Services. Client shall respond promptly to any Ulteig request to provide direction, information, approvals,
authorizations or decisions that are reasonably necessary for Ulteig to perform the Services. Client agrees to cooperate with Ulteig
in all matters relating to the Services and provide such access to the Site, and such office accommodation and other facilities as Ulteig
may reasonably request, for the purposes of performing the Services. 

 

 

 

    
	Ulteig Master Professional Services Agreement 
 Version: 12/15	Confidential
 Page 2 of 9

     

    

 

		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

3.                     
TIME AND SCHEDULE

 

3.1       TERM.
The term of this Agreement shall commence on the Effective Date and shall terminate on December 31, 2024 (the “Term”)
unless earlier terminated pursuant to Section 5.

 

3.2       TIME.
Ulteig will perform the Services according to the schedule set forth in the relevant Work Order. The Parties acknowledge and agree
that the Parties determination of the schedule set forth in any Work Order, and the compensation for performing the Services according
to such schedule, is made in anticipation of the orderly and continuous progress of the applicable project through completion and Client’s
performance of its obligations under this Agreement in an accurate and timely manner so as not to delay Ulteig’s ability to timely
perform the Services. Ulteig shall use reasonable efforts to comply with such periods of time or meet any specific dates, but any such
time periods or specific dates shall be estimates only. In the event that Ulteig will be unable to complete the Services according to
any schedule, in whole or in part, due to Client’s acts or omissions, the schedule and/or the compensation terms set forth in the
applicable Work Order will be modified accordingly.

 

3.3       SUSPENSION.
If Client fails to give prompt written authorization to proceed with any phase of Services after completion of the immediately preceding
phase under any Work Order, or if the Services are delayed, in whole or in part, due to Client’s acts or omissions, Ulteig may,
after giving seven (7) days’ written notice to Client, suspend such Services.

 

If
any Services are delayed or suspended, in whole or in part, due to Client’s acts or omissions for more than thirty (30) days through
no fault of Ulteig, Ulteig shall be entitled to an equitable adjustment of compensation and/or the schedule, to reflect the costs incurred
by Ulteig in connection with, among other things, such delay or suspension and reactivation.

 

4.                     
ULTEIG’S COMPENSATION

 

4.1       COMPENSATION.
Client shall pay Ulteig for Services, Additional Services, and those reasonable and necessary business expenses incurred by Ulteig
and any of Ulteig’s consultants (any “Consultant”) in the performance of the Services (the “Reimbursable Expenses”),
if applicable, as set forth in the relevant Work Order. Client shall pay Ulteig for all sales tax or use tax for which Ulteig may become
liable to pay or withhold with respect to the Services.

 

4.2       INVOICES.
Invoices will be prepared in accordance with Ulteig’s standard invoicing practices and be submitted to Client by Ulteig on
a monthly basis. Invoices are due and payable upon receipt. If Client fails to make such payment within thirty (30) days after receipt,
Ulteig will charge interest at the rate of 1.0% per month (or the maximum rate of interest permitted by law, if less) from the date the
invoice was received. In addition, Ulteig may, after giving seven (7) days’ written notice to Client, suspend all Services under
this Agreement until Ulteig has been paid in full all amounts due. Payments will be credited first to interest and then to principal.

 

4.3       PAYMENTS
UPON TERMINATION. In the event of any termination under Article 5, Ulteig will be entitled to invoice Client and Client will pay
Ulteig for all Services performed and all Reimbursable Expenses incurred by Ulteig through the effective date of such termination.

 

4.4       RECORDS
OF ULTEIG’S COSTS. Records of Ulteig’s costs pertinent to Ulteig’s compensation under this Agreement shall be kept
in accordance with generally accepted accounting practices. To the extent necessary to verify Ulteig’s charges and upon Client’s
reasonable request, copies of such records will be made available to Client at Client’s cost.

 

4.5       CHANGES
IN LAWS OR REGULATIONS. In the event of changes in applicable laws or regulations after the Effective Date of the Agreement that
impose taxes, fees, or costs on any Services or other costs in connection with the Services, any project or compensation therefore, such
new taxes, fees, or costs shall be invoiced to and paid by Client as a Reimbursable Expense. Should such taxes, fees, or costs be imposed,
they shall be in addition to Ulteig’s estimated total compensation.

 

5.                     
TERMINATION

 

5.1       TERMINATION
FOR CAUSE. The Term may be terminated for cause by either party upon seven (7) days’ written notice in the event of substantial
failure by the other Party to perform in accordance with the terms hereof through no fault of the terminating Party. However, the Term
will not terminate as a result of such substantial failure if the Party receiving such notice begins, within seven (7) days of receipt
of such notice, to correct its failure to perform and proceeds diligently to cure such failure within no more than thirty (30) days of
receipt thereof (unless cure is impossible); provided, however, that if and to the extent such substantial failure cannot be reasonably
cured within such thirty (30) day period, and if such party has diligently attempted to cure the same and thereafter continues diligently
to cure the same, then the cure period provided for herein shall extend up to, but in no case more than, sixty (60) days after the date
of receipt of the notice. Where the Term has been so terminated by either Party, the termination will not affect any rights or remedies
of either Party against the other then existing or which may thereafter accrue.  

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

5.2       CLIENT’S
TERMINATION FOR CONVENIENCE. The Term may be terminated for convenience by Client effective upon the receipt of written notice of
termination by Ulteig. Ulteig shall have no liability to Client on account of a termination under this Paragraph 5.2.

 

5.3       TERMINATION
BY ULTEIG. In addition to the rights set forth in Paragraph 5.01 above, Ulteig may terminate the Term immediately upon written notice
if: (a) Ulteig believes that Client has requested Ulteig to furnish or perform Services contrary to Ulteig’s responsibilities as
a licensed professional; (b) Client files a voluntary petition seeking relief under the United States Bankruptcy Code or there is an
involuntary bankruptcy petition filed against Client in the United States Bankruptcy Court; or (c) if Ulteig’s services are delayed
or suspended for more than sixty (60) days for reasons beyond Ulteig’s control. Ulteig shall have no liability to Client on account
of a termination under this Paragraph 5.3.

 

6.                     
DOCUMENTATION

 

6.1       CLIENT
USE OF ULTEIG DOCUMENTS. All data, reports, drawings, specifications, record drawings, work-product, and other deliverables (whether
in printed or electronic format) provided by or furnished to Client by Ulteig with respect to this Agreement or any applicable Work Order
(the “Documents”) are instruments of service in respect to this Agreement and any project, and Ulteig shall retain an ownership
and property interest therein (including the right of reuse at the discretion of Ulteig) whether or not the applicable project is completed.
Notwithstanding the foregoing, Ulteig hereby grants to Client a royalty-free, non-exclusive, non-transferable, perpetual basis license
to utilize any such Documents provided to Client as part of the Services to the extent necessary for the construction, operation, maintenance
or repair of any such project or any unit or component thereof and Client may also make and retain copies of Documents for information
and reference in connection with use on such project by Client and others. Such Documents are not intended or represented to be suitable
for reuse by Client or others on extensions of the project or on any other project. Client’s reuse or modification of any Document
without written verification or adaptation by Ulteig will be at Client’s sole risk and without liability or legal exposure to Ulteig,
its officers, directors, employees, agents, or Consultants. Client shall indemnify and hold harmless Ulteig, its officers, directors,
owners, representatives, partners, employees, agents, and its Consultants (the “Ulteig Parties”) from all claims, damages,
losses, and expenses, including attorneys’ fees, arising out of or resulting from any such unverified reuse or modification of
any Document. Any verification or adaptation of any Document for extensions of any project will entitle Ulteig to further compensation
at rates to be mutually agreed upon by Client and Ulteig.

 

6.2       DRAFTS.
Client agrees not to use or permit any third party to use plans, drawings, or other work product prepared by Ulteig, which plans,
Documents, drawings or other work product are not final, as determined by Ulteig in its sole discretion, and which are not signed and
stamped or sealed by Ulteig. Client agrees it shall be liable and responsible for any such use of non-final plans, Documents, drawings
or other work product not signed and stamped or sealed by Ulteig. Client waives liability against Ulteig for any such use and agrees
to indemnify and hold harmless the Ulteig Parties from all claims, damages, losses, and expenses, including attorneys’ fees, arising
out of or resulting from such use of non-final plans, Documents, drawings or other work-product not signed and stamped or sealed by Ulteig.

 

6.3       ELECTRONIC
MEDIA. Copies of data furnished by Client to Ulteig or by Ulteig to Client that may be relied upon are limited to the printed copies
(also known as hard copies) of such data. Files in electronic media format of text, data, graphics, or of other types are furnished only
for the convenience of the receiving party. Any conclusion or information obtained or derived from such electronic files will be at the
user’s sole risk. When transferring Documents in electronic media format, no representations are made by either party as to long
term compatibility, usability, or readability of Documents resulting from the use of software application packages, operating systems,
or computer hardware differing from those agreed to by the Parties at the beginning of any project. Ulteig shall not be responsible to
maintain Documents stored in electronic media format after acceptance by Client.

 

7.                     
INSURANCE AND RELATED ISSUES

 

7.1       INSURANCE.
Ulteig will purchase and maintain such insurance as is reasonable and necessary for the Services being performed. The insurance required
by this Section 7 shall include the specific coverage and be written for not less than the limits of liability and coverage as hereinafter
provided, or as required by law, whichever is greater.

 

Workers
Compensation:              Statutory Limits in the state where
the subject project is located.

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

	Commercial Gen. Liability:	$1,000,000 per occurrence
	 	$1,000,000 general aggregate 
	Prof. Errors and Omissions:	  $1,000,000 per claim
	 	$1,000,000 general aggregate

 

7.2       CERTIFICATES
OF INSURANCE. Upon Client’s request, Ulteig shall deliver to Client certificates of insurance evidencing the coverage indicated
in Paragraph 7.01.

 

7.3       NEGLIGENCE.
Other than any cost, loss, or damages that is proven to have been caused by the sole negligence of Ulteig, Ulteig shall not be liable
to Client or anyone claiming by, through, or under Client for any cost, loss, or damages caused, in whole or in part, by the negligence
of any entity or individual under the Agreement or in any way relating to the Services.

 

7.4       COOPERATION
REGARDING COVERED CHANGES. Client shall promptly notify Ulteig if Client believes that certain minor changes may be required to be
made as a result of, in whole or part, any ambiguities, inconsistencies, incompleteness, and/or slight or minor inaccuracies in the drawings,
specifications, and other design documentation that Ulteig furnished or other Services that Ulteig performed or furnished under the Agreement
(any “Covered Changes”). The Parties agree to cooperate in good faith to determine whether Ulteig shall perform or furnish
any such Covered Changes. Client shall not make a claim directly or indirectly against Ulteig with respect to the costs of any Covered
Changes, unless Client has promptly informed Ulteig of any such Covered Changes, and has attempted in good faith to reach an agreement
with Ulteig regarding same. Nothing in this provision changes the professional liability standard for determining if Ulteig is liable
for the cost of such Covered Changes.

 

7.5       MUTUAL
EXCLUSION OF SPECIAL, INCIDENTAL, INDIRECT AND CONSEQUENTIAL DAMAGES. To the fullest extent permitted by law, and notwithstanding
any other provision in this Agreement, the Parties and their officers, directors, employees, agents, and Consultants shall not be liable
to one another or any third party for any loss of use, revenue or profit, or for any special, incidental, indirect, consequential, exemplary
or punitive damages whatsoever arising out of or resulting from any project, the Services or the Agreement from any cause or causes,
including but not limited to any such damages caused by the, professional errors or omissions, strict liability or breach of contract,
or warranty express or implied, or otherwise, regardless of whether such damage was foreseeable and whether or not such Party has been
advised of the possibility of such damages, and notwithstanding the failure of any remedy of its essential purpose.

 

7.6       ULTEIG’S
LIABILITY LIMITED TO AMOUNT OF ULTEIG COMPENSATION. To the fullest extent permitted by law, and notwithstanding any other provision
of the Agreement, the total liability, in the aggregate, of Ulteig and the Ulteig Parties to Client and anyone claiming by, through,
or under Client for any and all claims, losses, costs, or damages arising out of, resulting from, or in any way related to any project,
Services or this Agreement from any cause or causes shall not exceed the total compensation received by Ulteig under the applicable Work
Order. It is intended that this limitation apply to any and all liability or causes of action however alleged or arising, unless otherwise
prohibited by law.

 

8.                     SITE
CONDITIONS

 

8.1       REPRESENTATION
OF CLIENT. Client represents and warrants to Ulteig that, to the best of its knowledge, a Hazardous Environmental Condition does
not exist at or near the Site. A “Hazardous Environmental Condition” hereunder shall mean the existence of any substance,
product, waste, or other material of any nature (including, but not limited to asbestos, petroleum, radioactive material, and PCBs),
which is or becomes listed, regulated, or addressed under: (a) the Comprehensive Environmental Response, Compensation, and Liability
Act of 1990 (“CERCLA”), (b) the Hazardous Materials Transportation Act, (c) the Resource Conservation and Property Recovery
Act, (d) the Toxic Substances Control Act, (e) the Clean Water Act, (f) the Clean Air Act, and (g) any other federal, state, or local
statute, law, rule, regulation, order, or decree relating to or imposing liability or standards concerning any hazardous, toxic, or dangerous
waste, substance or material. Client represents and warrants that it has disclosed to Ulteig the existence of any and all Hazardous Environmental
Conditions at or near the Site, including type, quantity and location.

 

Client
further acknowledges that Ulteig is not and shall not be required to become an “arranger,” “operator,” “generator,”
or “transporter” of hazardous substances, as defined in the CERCLA which are or may be encountered at or near the Site in
connection with Ulteig’s activities or Services under the Agreement.

 

8.2       ULTEIG’S
OBLIGATION TO NOTIFY. If a Hazardous Environmental Condition is encountered or alleged, Ulteig shall notify Client and, to the extent
required by applicable laws or regulations, appropriate governmental officials.

 

8.3       ULTEIG’S
RIGHT TO SUSPEND OR TERMINATE SERVICES. It is acknowledged by both Parties that the Services do not include any services related
to a Hazardous Environmental Condition. In the event Ulteig or any other party encounters a Hazardous Environmental Condition, Ulteig
may, at its option and without liability for damages, suspend performance of the Services on the portion of any project affected thereby
until Client: (i) identifies and, as appropriate, abates, remediates, or removes the Hazardous Environmental Condition; and (ii) warrants
that the Site is in full compliance with applicable laws or regulations. If Ulteig cannot perform Services because of a Hazardous Environmental
Condition, Ulteig may terminate this Agreement for cause on thirty (30) days’ notice. Ulteig shall have no liability to Client
on account of a termination under this Paragraph 8.03, and Ulteig will be entitled to invoice Client and Client will pay Ulteig for all
Services performed and all Reimbursable Expenses incurred through the effective date of termination.  

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

9.                     GENERAL

 

9.1       AMENDMENT.
This Agreement may only be amended, supplemented, modified, or canceled by a written instrument signed by both Parties.

 

9.2       ASSIGNMENT.
Neither Client nor Ulteig may assign, sublet, or transfer any rights under or interest (including, but without limitation, monies
that are due or may become due) in this Agreement without the written consent of the other, except to the extent that any assignment,
subletting, or transfer is mandated by law. Unless specifically stated to the contrary in any written consent to an assignment, no assignment
will release or discharge the assignor from any duty or responsibility under this Agreement.

 

9.3       CONSULTANTS.
Ulteig may employ any Consultants Ulteig deems necessary to assist in the performance or furnishing of any Services. Ulteig shall
not be required to employ any Consultant unacceptable to Ulteig. Ulteig makes no warranties under this Agreement or otherwise with respect
to any part of the Services performed or provided by Consultants.

 

9.4       COMPLIANCE
WITH APPLICABLE LAWS AND REGULATIONS. Ulteig and Client shall comply with all applicable laws or regulations. The terms and conditions
set forth in this Agreement are based on applicable laws and regulations in effect as of the Effective Date. Changes to any applicable
laws or regulations after the Effective Date may be the basis for modifications to Client’s obligations under this Agreement or
to any Services, including, but not limited to, times of performance and compensation.

 

9.5       CONTROLLING
LAW. This Agreement is to be governed by North Dakota law. Any dispute between the Parties that cannot be resolved by the Parties
shall be venued in a court of competent jurisdiction in Fargo, North Dakota.

 

9.6       ENTIRE
AGREEMENT. This Agreement together with the exhibits identified herein constitutes the entire agreement between Client and Ulteig
and supersedes all prior or contemporaneous understandings, agreements, negotiations, representations and warranties, and communications,
whether written or oral.

 

9.7       DISPUTE
RESOLUTION. The Parties agree to submit all disputes between them to mediation prior to exercising their rights under the Agreement
or under law.

 

9.8       HEADINGS.
The headings used in this Agreement are for general reference only and do not have special significance.

 

9.9       NOTICES.
Any notice required under this Agreement shall be made in writing, addressed to the appropriate Party at its address on the signature
page and given personally, or by registered or certified mail postage prepaid, or by a commercial courier service. All notices shall
be effective upon the date of receipt.

 

9.10       SEVERABILITY.
Any provision or part of this Agreement held to be void or unenforceable under any laws or regulations shall be deemed stricken,
and all remaining provisions shall continue to be valid and binding upon the Parties, who agree that this Agreement shall be reformed
to replace such stricken provision or part thereof with a valid and enforceable provision that comes as close as possible to expressing
the intention of the stricken provision. However, if such court finds any of the provisions regarding the ownership and use of any deliverables,
if any, and/or confidentiality, warranties and representations, or indemnification terms of this Agreement to be unenforceable, then
Ulteig may elect to terminate the Term immediately for convenience.

 

9.11       SUCCESSORS
AND ASSIGNS. Each Party, together with their respective partners, successors, executors, administrators and legal representatives,
are hereby bound to the other Party and to such other Party’s partners, successors, executors, administrators and legal representatives
(and said assigns), in respect of all covenants, agreements and obligations of this Agreement.

 

9.12       SURVIVAL.
All express representations, indemnifications, or limitations of liability included in this Agreement will survive their completion
or the expiration or early termination of the Term for any reason.

 

9.13       THIRD
PARTY OBLIGATIONS. Nothing contained herein shall create any obligation or contractual relationship with any third party or any third
party beneficiary relationship.

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

9.14       WAIVER.
Non-enforcement of any provision by either Party shall not constitute a waiver of that provision, nor shall it affect the enforceability
of that provision or of the remainder of this Agreement.

 

9.15       ATTORNEYS’
FEES. If any legal action or proceeding is brought by either Party to enforce this Agreement, the prevailing Party shall be entitled
to recover reasonable attorneys’ fees and other costs incurred in that action or proceeding (including, without limitation, expert
witness fees), in addition to any other relief to which the prevailing Party may be entitled.

 

9.16.       COUNTERPARTS.
This Agreement may be executed and delivered by original signature, facsimile, or other image capturing technology, and in one or
more counterparts, each of which will be deemed to be an original copy of this Agreement and all of which, when taken together, will
constitute one and the same agreement.

 

9.17       RELATIONSHIP
OF THE PARTIES. The relationship between the Parties is that of independent contractors. Nothing contained in this Agreement shall
be construed as creating any agency, partnership, joint venture or other form of joint enterprise, employment or fiduciary relationship
between the Parties, and neither party shall have authority to contract for or bind the other Party in any manner whatsoever.

 

[SIGNATURE
PAGE FOLLOWS]

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

IN
WITNESS WHEREOF, Client and Ulteig have signed and dated this Agreement.

 

	APLD HOSTING, LLC.	 	ULTEIG ENGINEERS, INC.
	 	 	 
	 /s/ David Rench	 	 /s/ Matthew Kavanaugh
	BY: David Rench	 	BY: Matthew Kavanaugh
	TITLE: CFO	 	TITLE:
	 	 	 
	DATE: 7/1/2021	 	DATE: 7/1/2021
	ADDRESS:	 	ADDRESS:
	3811 Turtle Creek Blvd, Suite 2100	 	3350 38th Avenue South
	Dallas, TX 75219	 	Fargo, ND 58104

 

 

 

 

    
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		Master
                                            Professional Services Agreement

                                                                                Ulteig
                                            Engineers, Inc. – APLD Hosting, LLC

 

EXHIBIT
A

 

WORK
ORDER NO. – PROJECT NUMBER

 

PROJECT
TITLE

 

In
accordance with this Work Order No.___, made and entered into this ___ day of___________, 20__, ULTEIG ENGINEERS, INC., a
North Dakota corporation (hereinafter “Ulteig”) agrees to perform and complete the following services (the “Services”)
for [Insert name of Client and State of Incorporation] (hereinafter
 “Client”), in accordance with the terms and conditions of the Master Professional Services Agreement (the “Agreement”),
dated_______________, 20___, all of which terms and conditions are
 incorporated herein by reference:

 

Project
Location: 

 

Project
Description: 

 

Scope
of Services: 

 

Services
Compensation and Method of Payment: 

 

Additional
Services Compensation and Method of Payment:

 

Schedule:

 

Other
Considerations/Requirements:

 

	ULTEIG
    ENGINEERS, INC.	 	[CLIENT]
	 	 	 
	BY:	                        	 	BY:	                           

 

	Print
    Name:	 	 	Print
    Name:	 

 

	Title:	 	 	Title:	 

 

 

 

    
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