Document:

TERMINATION OF ASSET PURCHASE AGREEMENT

This
Termination of Asset Purchase Agreement, dated as of January 16, 2019 (this “Agreement”), is entered
into by and among CLEANSPARK, INC., a Nevada corporation (“Purchaser”), and PIONEER CUSTOM ELECTRIC PRODUCTS
CORP., a Delaware corporation (“Seller”). All capitalized terms used and not otherwise defined herein
have the meanings ascribed to them in the Purchase Agreement (as defined below).

RECITALS

WHEREAS, Purchaser
and Seller have entered into that certain Asset Purchase Agreement, dated May 2, 2018, as amended (the “Purchase Agreement”);

WHEREAS, pursuant
to Section 8.1(a) of the Purchase Agreement, the Purchase Agreement may be terminated at any time prior to the Closing by mutual
consent of Purchaser and Seller;

WHEREAS, each of
the respective governing bodies of the Purchaser and Seller have determined that it is in the best interests of their respective
companies and stockholders to terminate the Purchase Agreement in accordance with this Agreement; and

WHEREAS, accordingly,
the Purchaser and Seller desire and consent to terminate the Purchase Agreement in the manner more particularly described below.

AGREEMENT

NOW, THEREFORE,
in consideration of the foregoing and the mutual covenants and agreements herein contained and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the Purchaser and Seller hereby agree as follows:

1.                 
The Purchase Agreement is hereby immediately terminated.

2.                 
The Purchase Agreement is immediately terminated by the mutual consent of Purchaser and Seller in accordance with Section
8.1(a) of the Purchase Agreement.

3.                 
As a result, the Purchase Agreement is void and of no further force or effect (other than Section 8.2 and Article IX thereof,
which shall survive the termination of the Purchase Agreement in accordance with their terms), and there shall be no liability
on the part of any of Purchaser or Seller to any other party thereunder, except that each party shall be liable for any fraud or
any willful breach of the Purchase Agreement that was committed prior to the date hereof.

4.                 
This Agreement shall be construed, interpreted, and governed in accordance with the laws of the state of Delaware, without
reference to rules relating to conflicts of law.

5.                 
This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same Agreement,
and shall become effective when one or more such counterparts have been signed by each of the parties and delivered to each party.

    	 		 

    	 

    

 

6.                 
If any part or any provision of this Agreement shall be finally determined to be invalid or unenforceable under applicable
law by a court of competent jurisdiction, that part or provision shall be ineffective to the extent of such invalidity or unenforceability
only, without in any way affecting the remaining parts of said provision or the remaining provisions of this Agreement.

7.                 
This Agreement may be modified only by a written document signed by the parties hereto. No waiver of this Agreement or any
of the promises, obligations, terms or conditions hereof shall be valid unless it is written and signed by the party against whom
the waiver is to be enforced.

8.                 
The parties cooperated in the drafting of this Agreement, therefore, in the construction of this Agreement, the provisions
hereof shall not be construed against any party. This Agreement contains the complete understanding and agreement between the parties
hereto.

 

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IN WITNESS WHEREOF,
the parties hereto have duly executed this Agreement as of the day and year first above written.

CLEANSPARK, INC.

 

 

By: /s/ Zachary Bradford

Name: Zachary Bradford

Title: President

 

 

PIONEER CUSTOM ELECTRIC PRODUCTS CORP.

 

 

By: /s/ Nathan Mazurek

Name: Nathan Mazurek

Title: President

 

    	 	3NON-COMPETITION AND
NON-SOLICITATION AGREEMENT

 

This Non-Competition
and Non-Solicitation Agreement (this "Agreement") is entered into as of January 22, 2019 (the "Effective
Date"), by and between CleanSpark, Inc., a Nevada corporation ("Buyer"), and Pioneer Power Solutions
Inc., a Delaware corporation ("Shareholder").

 

RECITALS

 

A.  This
Agreement is being entered into pursuant to and as a condition of that certain Agreement and Plan of Merger (the "Merger
Agreement"), dated the date hereof, by and among Buyer, CleanSpark, Acquisition Inc., a Delaware corporation (the "Merger
Sub"), and Pioneer Critical Power, Inc., a Delaware corporation (the "Company"), pursuant to which Buyer
will acquire all of the outstanding capital stock held by Shareholder of the Company (the "Transaction"). 
As a result of the Merger Agreement, Merger Sub shall be merged with and into the Company, and the resulting entity shall be referred
to as the "Surviving Company."

 

B. It is anticipated
and expected that the Effective Date of this Agreement shall correspond to the Effective Time of the Merger as set forth in Section 1.3
of the Merger Agreement.

 

C. Shareholder
is the sole equity holder of the Company and controls management of the Company, such that it is in possession of confidential
and proprietary information, including trade secrets, relating to the business and operations of the Company, and will derive substantial
economic benefit from the Transaction as a result of Buyer's purchase of all of Shareholder's equity interest in the Company.

 

D.
The parties recognize and agree that this Agreement is necessary to protect Buyer's interest in the Company, including its goodwill
that will be acquired in connection with the Transaction.  As a result, in order to protect its interest in the Company, including
its goodwill, Buyer desires to ensure that Shareholder and its Affiliates (as that term is defined in the Merger Agreement) will
not compete with the Company for the period set forth in this Agreement, in a business which is in competition with the business
of the Company, in all of the geographical areas where the Company has conducted or carried on business prior to the closing of
the Transaction pursuant to the terms set forth herein.

 

E. This
Agreement is a material inducement to Buyer to enter into the Transaction, and Shareholder is agreeable to entering into this Agreement
with Buyer, on the terms set forth herein, in order to protect Buyer's legitimate interests as a buyer of the stock and goodwill
of the Company.

 

NOW,
THEREFORE, in consideration of the mutual covenants contained herein, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the parties agree as follows:

 

1. 
RESTRICTION ON COMPETITION.  Subject to the terms and conditions hereof, Shareholder covenants and agrees that, for the Restricted
Period (as defined below), Shareholder and its Affiliates shall not, either directly or indirectly, through an affiliated or controlled
entity or person, on Shareholder's own behalf or as an employee, shareholder, officer, director, partner, consultant, proprietor,
principal, agent, creditor, security holder, trustee or otherwise in any other capacity (except by ownership of up to one percent
(1%) or less of any class of the securities of any publicly held corporation that engages in or plans to engage in operations that
are in competition with the Company, the Surviving Company or Buyer, if such securities are set forth in any national securities
exchange or have been registered under section 12 (g) of the Exchange Act), own, manage, operate, finance, control, advise,
render services to (as a shareholder, employee, officer, director, consultant, owner, partner, volunteer or in any other capacity)
or guarantee the obligations of any person or entity that engages in or plans to engage in a business which is in competition

 

    	 		 

    	 

    

 

with the business of
the Company, the Surviving Company or Buyer, which for purposes of this Agreement shall mean the business that is described in
Exhibit “A” attached hereto and incorporated herein based on geography or a business that is otherwise competitive
with the business of Buyer as conducted on the Effective Date (the "Restricted Business") within any state or
county within the United States of America in which Buyer or the Surviving Company conducts the Restricted Business during the
Restricted Period (the "Restricted Territory").  The term "Restricted Period" shall mean
the period commencing on the Effective Date of this Agreement and continuing for a period of four (4) years (or if a court
should determine that 4 years is not reasonable, then the parties agree that the longer period of 3 years, or 2 years, or 1 year,
as the court shall deem reasonable, shall apply).

 

2. NONSOLICITATION. 
During the Restricted Period, Shareholder and its Affiliates shall not, whether for Shareholder's own account or for the account
of any other individual, partnership, firm, corporation or other business organization, directly or indirectly, separately or in
association with others, interfere with, impair, disrupt or damage the business of the Surviving Company, Buyer or any affiliated
entities by:

 

(i) soliciting,
recruiting, or encouraging any of the Surviving Company's, Buyer's or their affiliated entities' employees or independent contractors
to discontinue their employment or engagement with the Surviving Company, Buyer or any affiliated entity or by causing others to
solicit, recruit or encourage any of the Surviving Company's, Buyer's or their affiliated entities' employees or independent contractors
to discontinue their employment or engagement with the Surviving Company, Buyer or any affiliated entities.

 

(ii)
soliciting, inducing or attempting to induce any person or entity that was a customer, supplier, licensee, licensor, franchisee,
consultant or other business associate of the Restricted Business as conducted by the Company, Surviving Company, Buyer or any
affiliated entity on or within one year preceding the Effective Date, or during the Restricted Period, to cease doing business
with Surviving Company, Buyer or any affiliated entities.

 

3.
NONDISPARAGEMENT. From and after the Effective Date, (i) Shareholder and its Affiliates agree not to disparage the business reputation
of the Company, Surviving Company, Buyer or any of their affiliated entities, or the personal or business reputations of any of
their respective officers, directors or owners, and
(ii) Buyer and its Affiliates agree not to disparage the business reputation of Shareholder or any of its affiliated entities,
or the personal or business reputations of any of their respective officers, directors or owners.

 

4.
SEPARATE COVENANTS.  The covenants contained herein shall be construed as if each covenant is divided into separate and distinct
covenants with respect to the Restricted Business, each capacity in which Shareholder is prohibited from competing and each part
of the Restricted Territory in which the Company is carrying on the Restricted Business.  Each such covenant shall constitute
separate and several covenants distinct from all other such covenants.  In addition, each of the parties hereto recognizes
that the territorial restrictions contained in this Agreement are properly required for the adequate protection of the interests
purchased by Buyer in the Transaction, and that in the event any covenant or other provision contained herein shall be deemed to
be illegal, unenforceable or unreasonable by a court or other tribunal of competent jurisdiction with respect to any part of the
Restricted Territory, such covenant or provision shall not be affected with respect to any and all other parts of the Restricted
Territory, and each of the parties hereto agrees and submits to the reduction of said territorial restriction to such an area as
said court shall deem reasonable.  Similarly, in the event any covenant or other provision contained herein shall be deemed
to be illegal, unenforceable or unreasonable by a court or other tribunal of competent jurisdiction with respect to the Restricted
Period, each of the parties hereto agrees and submits to the shortest reduction of the Restricted Period to such a time period
as said court shall deem reasonable.

 

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5.
REPRESENTATIONS AND REMEDIES.  Each of the parties acknowledge that:  (i) Shareholder is deriving substantial economic
benefit from his sale of all of his equity in the Company to the Buyer in connection with the Transaction; (ii) the covenants
and the restrictions contained in this Agreement are necessary, fundamental and required for the protection of Buyer's interest
in the Company; (iii) such covenants relate to matters which are of a special, unique and extraordinary character that gives
each of such covenants a special, unique and extraordinary value; (iv) Shareholder is entering into this Agreement solely
in connection with Transaction; and (v) a breach of any of such covenants or any other provision of this Agreement will result
in irreparable harm and damage to Buyer that cannot be adequately compensated by a monetary award.  Accordingly, it is expressly
agreed that in addition to all other remedies available at law or in equity (including, without limitation, money damages from
Shareholder), Buyer shall be entitled to seek the remedy of a temporary restraining order, preliminary injunction or such other
form of injunctive or equitable relief as may be used by any court of competent jurisdiction to restrain or enjoin any of the parties
hereto from breaching any such covenant or provision or to specifically enforce the provisions hereof.

 

6. NOTICES. 
All notices, requests, demands and other communications which are required or may be given under this Agreement shall be in writing
and shall be deemed to have been duly given if delivered to Buyer in the fashion and at the addresses as specified in Section 7.2
of the Merger Agreement and to Shareholder at: 400 Kelby Street, 12th Floor Fort Lee, New Jersey 07024 or to such other addresses
as any party hereto may specify by notice in writing to the other.

 

7. GOVERNING
LAW.  This Agreement shall be construed and interpreted and its performance shall be governed by the laws of the State of
Nevada without regard to conflicts of law principles of any jurisdiction.  As a result of the fact that Buyer is headquartered
in Las Vegas, Nevada, each of the parties hereto irrevocably consents to the exclusive jurisdiction and venue of the state or federal
courts in and around Las Vegas, Nevada in connection with any matter based upon or arising out of this Agreement or the matters
contemplated herein, agrees that process may be served upon them in any manner authorized by the laws of the State of Nevada for
such persons and waives and covenants not to assert or plead any objection which they might otherwise have to such jurisdiction,
venue and such process.

 

8. SUCCESSORS
AND ASSIGNS.  This Agreement is the valid and legally binding obligation of the parties hereto, enforceable against each party
in accordance with its terms, and shall inure to the benefit of such parties and their respective successors and assigns.

 

9.  COUNTERPARTS. 
This Agreement may be executed in any number of counterparts and any party hereto may execute any such counterpart, each of which
when executed and delivered shall be deemed to be an original and all of which counterparts taken together shall constitute but
one and the same instrument.  This Agreement shall become binding when one or more counterparts taken together shall have
been executed and delivered by the parties by facsimile transmission or otherwise.

 

10. ENTIRE
AGREEMENT.  This Agreement is entered into concurrently with the Merger Agreement, and together with the provisions therein
on the same subject, constitutes the entire agreement between the parties with respect to the subject matter of this Agreement
and supersedes all prior written and oral agreements and understandings between the parties with respect to the subject matter
of this Agreement.  This Agreement may not be amended except by a written agreement executed by all parties.

 

11.
WAIVER.  The rights and remedies of the parties to this Agreement are cumulative and not alternative.  Neither the failure
or any delay by any party in exercising any right, power or privilege under this Agreement will operate as a waiver of such right,
power or privilege, and no single or partial exercise of any such right, power or privilege will preclude any other or further
exercise of such right, power or

 

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privilege or the exercise
of any other right, power or privilege.  To the maximum extent permitted by applicable law:  (i) no claim or right
arising out of this Agreement can be discharged by one party, in whole or in part, by a waiver or renunciation of the claim or
right unless in writing signed by the other party; (ii) no waiver that may be given by a party will be applicable except in
the specific instance for which it is given; and (iii) no notice to or demand on one party will be deemed to be a waiver of
any obligation of such party or of the right of the party giving such notice or demand to take further action without notice or
demand as provided in this Agreement.

 

12. INDEPENDENCE
OF OBLIGATIONS.  The covenants and obligations of Shareholder set forth in this Agreement shall be construed as independent
of any other agreement or arrangement between Shareholder, on the one hand, and Buyer, on the other hand, and the existence of
any claim or cause of action by Shareholder against Buyer shall not constitute a defense to the enforcement of such covenants or
obligations against Shareholder.

 

13.
ADVICE OF COUNSEL.  Each party hereto acknowledges that it has either been represented by independent legal counsel or that
it has waived its right to obtain advice of legal counsel in connection with the transactions contemplated by this Agreement.

 

 

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IN WITNESS WHEREOF,
the parties have duly executed this Non-Competition and Non-Solicitation Agreement as of the date first written above.

 

 

	 	CLEANSPARK, INC.
	 	 
	 	By:	/s/ Zachary Bradford
	 	 	 
	 	Name:	Zachary Bradford
	 	 	 
	 	Title:	President
	 	 
	 	 
	 	SHAREHOLDER
	 	 
	 	By:	/s/ Nathan Mazurek
	 	 	 
	 	Name:	Nathan Mazurek

 

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Exhibit A

The design, manufacture, distribution
and service of paralleling switchgear, automatic transfer switches, and related products. 

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