Document:

Exhibit 10.2

 

PROMISSORY NOTE

 

	
    $1,200,000.00

     
	
    October 13, 2022

    Atlanta, Georgia

 

For value received, ROC DIGITAL MINING I LLC, a
Delaware limited liability company (“Borrower”) promises to pay to the order of BITMINE IMMERSION TECHNOLOGIES, INC.,
a Delaware corporation (“Lender”), the principal amount of One Million, Two Hundred Thousand and 00/100 Dollars ($1,200,000.00),
or such lesser amount as may be outstanding from time to time, plus interest on the unpaid principal balance at the rate and in the manner
described below, until all amounts owing under this Note are paid in full. This Note is being executed pursuant to that Transfer, Bill
of Sale and Assignment between Borrower and Lender of even date herewith to evidence the Borrower’s obligation to pay Lender the
purchase price of the equipment described therein (the “Equipment”).

 

1.                 INTEREST: So long as there is no default under this Note, this Note shall bear interest (“Interest”) at
the rate of five percent (5%) per annum, compounded monthly.

 

2.                 PAYMENT SCHEDULE: Borrower shall pay the principal and interest according to the following schedule:

 

		a)	Monthly Payments: Beginning on December 30, 2022, and continuing thereafter on the last day of each calendar month for the
next 41 months, the Borrower shall pay the Lender $31,203.64 per month. If last day of the month falls on a weekend or holiday, the payment
will be paid the first business day thereafter.
	 	 	 
		b)	Maturity Date: All principal, accrued interest and other amounts due the Lender shall be due and payable in full on May 31,
2026 (the “Maturity Date”).
	 	 	 
		c)	Payment Method: All payments will be made to Lender at the Borrower’s option as follows:
	 	 	 

		(i)	Cash by wire transfer or ACH to such bank account that the Lender provides to the Borrower from time to time; or
		(ii)	In bitcoin to such digital wallet account that the Lender provides to the Borrower from time to time, provided that for purposes of
determining the U.S. Dollar value of any payment made in bitcoin, the bitcoin will be valued at the bid price of bitcoin at 5:00 p.m.
on the last calendar day of the preceding month as reported by Coinbase (or, if Coinbase is unavailable for quotes, an alternative exchange
selected by the Lender).

 

3.                 DEFAULT RATE: In the event of any default under this Note, all amounts owed to Lender, including but not limited to unpaid
principal, shall bear interest at the rate of twelve percent (12.0%) per annum, compounded monthly.

 

4.                 APPLICATION OF PAYMENTS: All amounts received by Lender shall be applied first to amounts, other than principal and interest,
due to Lender pursuant to this Note or any other agreements relating to the Note, including any late charges and expenses, then to accrued
and unpaid interest, then to unpaid principal, or in any other manner as determined by Lender, in Lender's sole discretion, as permitted
by law. Borrower irrevocably waives the right to direct the application of any and all payments at any time hereafter received by Lender
from or on behalf of Borrower, and Borrower irrevocably agrees that Lender shall have the continuing exclusive right to apply any and
all such payments against the then due and owing obligations of Borrower in such order of priority as Lender may deem advisable.

 

 

 

 

 

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5.                 PREPAYMENT: All principal and accrued interest on this Note may be prepaid at any time in cash. Note may be prepaid in bitcoin,
as long as the time of bitcoin prepayment is agreed upon between Lender and Borrower.   

 

6.                 LATE PAYMENT CHARGE: If any payment is received more than ten (10) days late, Borrower will be charged a late payment charge
of the greater of $50 or 5% of the unpaid late installment.

 

7.                 SECURITY FOR REPAYMENT: This Note is secured by the Equipment pursuant to a Security Agreement executed by Lender and Borrower
of even date herewith.

 

8.                 DEFAULT: The following are events of default under this Note (an “Event of Default”):

 

		a)	The Borrower shall fail to make when due any payment of principal, interest or other amount under this
Note, and such failure is not cured by Borrower within ten (10) days after written notice from Lender.
	 	 	 
		b)	Any representation or warranty made by the Borrower herein, in the Security Agreement or the Bill of Sale,
or in any other agreement, document, instrument or certificate furnished by the Borrower to Lender proves untrue as of the date hereof
or omits any statement necessary to make the statements contained therein, in light of the circumstances under which they were made, not
false or misleading.
	 	 	 
		c)	(A) The Borrower shall commence a voluntary case concerning itself under the Bankruptcy Code; (B) an involuntary
case is commenced against the Borrower and the petition is not contested within fifteen (15) days, or is not dismissed or stayed within
sixty (60) days, after commencement of the case; (C) a custodian (as defined in the Bankruptcy Code) is appointed for, or takes charge
of, all or substantially all of the property of the Borrower or the Borrower commences any other proceedings under any reorganization,
arrangement, adjustment of debt, relief of debtors, dissolution, insolvency or liquidation or similar law of any jurisdiction whether
now or hereafter in effect relating to the Borrower or there is commenced against the Borrower any such proceeding which remains undismissed
and unstayed for a period of sixty (60) days; (D) any order of relief or other order approving any such case or proceeding is entered;
(E) the Borrower is adjudicated insolvent or bankrupt; (F) the Borrower suffers any appointment of any custodian or the like for it or
any substantial part of its property to continue undischarged and unstayed for a period of thirty (30) days; (G) the Borrower makes a
general assignment for the benefit of creditors; (H) the Borrower shall by any act or failure to act consent to, approve of or acquiesce
in any of the foregoing; or (I) any corporate action is taken by the Borrower for the purpose of effecting any of the foregoing.
	 	 	 
		d)	Any judgment, writ or warrant of attachment or of any similar post-judgment process in an amount in excess
of One Hundred Thousand and no/100 Dollars ($100,000) shall be entered or filed against the Borrower or against any of its properties
or assets and remain unsatisfied and unstayed for a period of thirty (30) days;
	 	 	 
		e)	The Borrower dissolves, liquidates or otherwise ceases to actively conduct business or takes corporate
action authorizing any of the foregoing.
	 	 	 
		f)	The Borrower shall fail to comply with any covenant or condition contained in the Security Agreement.
	 	 	 

9.                 RIGHTS OF LENDER ON DEFAULT: Upon a default under this Note, Lender may declare the entire unpaid principal balance under this
Note and all accrued and unpaid interest immediately due and payable in full, and may take any action permitted at law or in equity to
recover same. Lender's rights are cumulative and may be exercised together, separately, and in any order. Lender's remedies under this
paragraph are in addition to those available at common law, including, but not limited to, the right of set-off.

 

 

 

 

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10.             
MODIFICATION AND WAIVER: The modification or waiver of any of Borrower's obligations or Lender's rights under this Note must
be contained in writing signed by Borrower and Lender. Lender may delay or fail to exercise any of its rights without causing a waiver
of those obligations or rights. A waiver on one occasion will not constitute a waiver on any other occasion. Borrower's obligations under
this Note shall not be affected if Lender amends, compromises, exchanges, fails to exercise, impairs or releases any of the obligations
belonging to any co-borrower or guarantor or any of its rights against any co-borrower or guarantor of this Note or collateral securing
this Note.

 

11.               SEVERABILITY: If any provision of this Note is invalid, illegal or unenforceable, the validity, legality, and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

12.             
ASSIGNMENT: Borrower will not be entitled to assign any of its rights, remedies or obligations described in this Note without
the prior written consent of Lender which may be withheld by Lender in its sole discretion. Lender will be entitled to assign some or
all of its rights and remedies described in this Note without notice to or the prior consent of Borrower in any manner.

 

13.             
NOTICE: All notices, requests, consents, claims,
demands, waivers, and other communications hereunder shall be in writing and addressed to either party as set forth in this Section. All
notices shall be delivered by internationally recognized overnight courier (with all fees prepaid) or electronic mail if adequate confirmation
of receipt is provided. Except as otherwise provided in this Master Agreement, a notice is effective only if (i) the receiving
Party has received the notice and (ii) the Party giving the notice has complied with the requirements of this Section. Notice is deemed
received: in the case of internationally recognized overnight courier, the date and time the courier confirms delivery; or in the case
of electronic mail, the date and time the recipient’s server receives the electronic mail. Such communications must be sent to the
respective parties at the following addresses (or at such other address for a party as shall be specified in a notice given in accordance
with this Section):

 

If to Borrower:

 

Roc Digital Mining I LLC

33 Commercial Street

Raynham, Massachusetts 02767

Attn: Manager

Email Address: nickmarrocco@rocdigitalmining.com

 

If to Lender:

 

BitMine Immersion Technologies, Inc.

2030 Powers Ferry Road, SE

Suite 212

Atlanta, Georgia 30339

Attn: Chief Executive Officer

Email Address: jbates@bitminetech.io

 

14.             
APPLICABLE LAW: This Note shall be governed, interpreted, construed and enforced under the laws of the state of Georgia (without
giving effect to principles of conflicts of law). Borrower consents to the jurisdiction and venue of any state or federal court located
in Georgia in the event of any legal proceeding arising out of or relating to this Note, the Security Agreement or the Bill of Sale, and
agrees not to commence or seek to remove or transfer such legal proceeding in or to a different court.

 

15.             
COLLECTION COSTS: If Lender hires an attorney or other entity to assist in collecting any amount due or enforcing any right
or remedy under this Note, Borrower agrees to pay Lender's reasonable attorney's fees, and collection costs.

 

 

 

 

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16.             
INCONSISTENT REPRESENTATIONS: Borrower affirmatively states that no representative of Lender has made any representations which
are inconsistent with the terms of this Note and Borrower has not relied on any such promise or representation of any representative of
Lender in executing this Note.

 

17.             
MISCELLANEOUS: Borrower and Lender agree that time is of the essence. Borrower waives presentment, demand for payment, notice
of dishonor and protest. All references to Borrower in this Note shall include all of the parties signing this Note, and this Note shall
be binding upon the heirs, successors and assigns of Borrower and Lender. This Note, the Security Agreement and the Bill of Sale represent
the complete and integrated understanding between Borrower and Lender pertaining to the terms and conditions of such documents.

 

18.             
JURY TRIAL WAIVER: BORROWER AND LENDER HEREBY WAIVE ANY RIGHT TO A TRIAL BY JURY IN ANY CIVIL ACTION ARISING OUT OF, OR BASED
UPON, THIS NOTE, THE SECURITY AGREEMENT OR THE BILL OF SALE.

 

BORROWER ACKNOWLEDGES THAT BORROWER HAS READ, UNDERSTANDS, AND AGREES
TO THE TERMS AND CONDITIONS OF THIS NOTE. BORROWER ACKNOWLEDGES RECEIPT OF AN EXACT COPY OF THIS NOTE.

 

NOTE DATE: October 13, 2022.

 

	 	BORROWER:
	 	 
	 	ROC DIGITAL MINING I LLC, a Delaware limited liability company
	 	 
	 	By: ROC DIGITAL MINING MANAGER LLC, a Delaware limited liability
company, its Manager

	 	 
	 	/s/ Nick Marrocco                              
	 	Nick Marrocco, Initial Manager

 

 

 

 

 

 

 

 

 

 

 

    	 	4Exhibit 10.3

 

SECURITY AGREEMENT

 

THIS SECURITY AGREEMENT
(“Security Agreement”), made as of October 13, 2022, by and between ROC DIGITAL MINING I LLC, a Delaware limited liability
company (“Debtor”) promises to pay to the order of BITMINE IMMERSION TECHNOLOGIES, INC., a Delaware corporation (“Secured
Party”).

 

W I T N E S S E T H:

 

WHEREAS, the Debtor
has executed a Promissory Note of even date herewith which evidences a certain loan from the Secured Party to the Debtor in the aggregate
principle sum of One Million Two Hundred Thousand Dollars and No Cents ($1,200,000.00) on the terms and conditions state therein (the
“Note”); and

 

WHEREAS, the Debtor
is entering into this Security Agreement in order to induce the Secured Party, among other things, to continue to extend credit to the
Debtor under future notes and otherwise;

 

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

 

1.       The
Security Interest

 

In order to secure the due
and punctual payment and performance of the indebtedness and obligations owning from the Debtor to the Secured Party arising under the
Note (the “Obligations,” which term shall include all expenses, including reasonable attorneys’ fees incurred
or paid by the Secured Party in exercising, protecting or seeking to protect any of its rights hereunder or in realizing on the Collateral),
the Debtor hereby grants to the Secured Party a continuing security interest, and any proceeds thereof (“Security Interest”)
the items of equipment listed on Schedule A attached hereto (hereinafter called the “Collateral”).

 

2.       Filing;
Further Assurance

 

The Debtor will permit the
Secured Party, at the Secured Party’s expense, to file and record financing statements covering the Collateral, in order to create,
preserve, perfect or validate any security interest or to enable the Secured Party to exercise and enforce the Secured Party’s rights
hereunder with respect to any of the Collateral.

 

The right is expressly granted
to the Secured Party, at the Secured Party’s discretion, to file in those jurisdictions where the same is permitted one or more
financing statements under the Uniform Commercial Code signed only by the Secured Party, naming the Debtor as debtor and the Secured Party
as secured party, and indicating therein the types or describing the items of Collateral herein specified.

 

3.       Representations
and Warranties of Debtor

 

The Debtor hereby represents
and warrants to the Secured Party as follows:

 

(a)       The
Debtor is a limited liability company duly organized and validly existing under the laws of the State of Delaware. The Debtor is qualified
to do business in every jurisdiction in which it is doing business, except to the extent that the failure to so qualify will not have
a material adverse effect on the Debtor or its business.

 

 

 

 

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(b)       The
Debtor has the power to execute, deliver and perform this Security Agreement. The execution, delivery and performance of this Security
Agreement has been duly authorized, will not violate the operating agreement of the Debtor or any law, regulation or court order, and
will not result in the default in any agreement or indenture to which the Debtor is a party or by which it or its assets are bound.

 

(c)       The
Debtor has good and marketable title to the property and assets, which are reflected on its financial statements. All of the Collateral
is owned by the Debtor, free and clear of all liens and encumbrances and liens and encumbrances in favor of the Secured Party. All of
the other property and assets of the Debtor reflected on its financial statements is owned by the Debtor, free and clear of all liens
and encumbrances. No effective financing statement covering the Collateral or any proceeds thereof is on file in any public office, except
financing statements in favor of the Secured Party.

 

(d)       There
are no actions, suits or proceedings at law or in equity pending or threatened before any court or administrative body in which it will
be or is sought to restrain or prohibit or obtain damages or other relief in connection with the Security Agreement or the consummation
of the transactions contemplated thereby. No restraining order or injunction shall prevent the transactions contemplated by the Security
Agreement.

 

(e)       The
Debtor has filed all federal, state and local tax returns and other reports, which it is required by law to file and has paid all taxes
and other charges that are due and payable.

 

(f)       The
Debtor’s principal place of business, chief executive office and place where it keeps its records concerning the Collateral is the
location set forth on Schedule B attached hereto.

 

4.       Covenants
of Debtor

 

The Debtor hereby covenants
and agrees as follows:

 

(a)       The
Debtor will not encumber, pledge, mortgage, grant a security interest in, assign, sell, lease or otherwise dispose of or transfer, whether
by sale, merger, consolidation, liquidation, dissolution, or any levy, seizure or attachment which is not removed or stayed within thirty
(30) days, or otherwise, any of the Collateral.

 

(b)       The
Debtor will not change its name without giving the Secured Party thirty (30) days prior written notice in which it sets forth its new
name and the date on which the new name shall first be used.

 

(c)       The
Debtor will, upon demand, furnish to the Secured Party such further information and will execute and deliver to the Secured Party such
financing statements, and other instruments or documents, and will do all such acts as the Secured Party may, at any time, or from time
to time, reasonably request, or as may be necessary or appropriate to establish and maintain a valid and enforceable first priority security
interest of the Secured Party in the Collateral.

 

(d)       The
Debtor will notify the Secured Party, in writing, promptly upon its learning of any event, condition, litigation, administrative proceedings
or other circumstance which may materially and adversely affect the operations, financial conditions or business of the Debtor or the
Collateral or the Secured Party’s security interest therein.

 

(e)       The
Debtor will preserve and keep in force its corporate existence, and will promptly pay all lawful taxes and assessments. Unless the Secured
Party consents in writing, the Debtor will not incur, create or assume or suffer to exist any security interest, mortgage, pledge, lien
or other encumbrance on the Collateral other than those in favor of the Secured Party created hereby.

 

 

 

 

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5.       Location
of Chief Executive Office and Collateral, Etc.

 

The Debtor will maintain its
chief executive office at the address designated on Schedule B and shall maintain the Collateral at the locations set forth on
Schedule B. The Debtor will not locate the Collateral at any other or additional location, except such other or additional location
as the Secured Party may approve in writing.

 

The Debtor will keep the records
concerning the Collateral at its chief executive office, as set forth on Schedule B, or at such other place or places as the Secured
Party may approve in writing. The Debtor will hold and preserve such records and will furnish to the Secured Party such information and
reports regarding the Collateral as the Secured Party may from time to time reasonably request.

 

6.       Events
of Default

 

The Debtor shall be in default
under this Security Agreement upon the occurrence of any one of the following events (herein referred to as an “Event of Default”):

 

(a)       Any
representation or warranty made herein shall be false or misleading in any material adverse respect; or

 

(b)       Any
event of default shall have occurred under the Note.

 

7.       Remedies
Upon Event of Default

 

7.1       Remedies.
Upon and after an Event of Default, the Secured Party shall have all of the rights and remedies of a secured party under the Uniform Commercial
Code or other applicable law, all of which rights and remedies shall be cumulative and non-exclusive, to the extent permitted by law.

 

7.2.      Notice
of Disposition by Secured Party. Any notice required to be given by the Secured Party of a sale, lease, or other disposition of the
Collateral or any other intended action by the Secured Party, if given not less than ten (10) days prior to such proposed action, shall
constitute commercially reasonably and fair notice thereof to the Debtor.

 

8.       Rights
of Secured Party to Use and Control Collateral

 

Upon the occurrence of an
Event of Default and while it is continuing, the Secured Party shall have the right and power to take possession of all or any part of
the Collateral, and to exclude the Debtor and all persons claiming under the Debtor wholly or partly therefrom, and thereafter to hold,
store, use, manage and control the same.

 

9.       General
Authority

 

The Debtor hereby irrevocably
appoints the Secured Party as the Debtor’s true and lawful attorney, with full power of substitution, in the name of either the
Debtor or the Secured Party, but at the Debtor’s expense, to the extent permitted by law to exercise, at any time and from time
to time after any Event of Default has occurred and while it is continuing, all or any of the following powers with respect to all or
any of the Collateral (which powers shall be in addition and supplemental to any powers, rights, and remedies of the Secured Party described
herein):

 

(a)       To
settle, compromise, compound, prosecute or defend any action or proceeding with respect thereto;

 

(b)       To
sell, transfer, assign or otherwise deal in or with the same or the proceeds or avails thereof as fully and effectually as if the Secured
Party was the absolute owner thereof; and

 

(c)       To
discharge any taxes, liens, security interests or other encumbrances at any time placed thereon;

 

provided that the Secured Party shall give the
Debtor not less than ten (10) days’ prior written notice of the time and place of any sale or other intended disposition of any
of the Collateral (which period of time the Debtor agrees is reasonable), except any Collateral which is perishable or threatens to decline
speedily in value or is of a type customarily sold on a recognizable market. The Secured Party and the Debtor agree that such notice constitutes
“reasonable notification” within the meaning of Section 9-504(3) of the Uniform Commercial Code (“Code”).

 

 

 

 

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10.     Application
of Collateral and Proceeds

 

All distributions on account
of, and the proceeds of any sale of, or other realization upon, all or any part of the Collateral shall be applied in the following order
of priorities:

 

(a)       First,
to pay the reasonable expenses of such sale or other realization, and all reasonable expenses, liabilities and advances incurred or made
by the Secured Party in connection therewith, and any other reimbursed expenses for which the Secured Party is to be reimbursed pursuant
to Section 11;

 

(b)       Second,
to the payment of the Obligations in such order or manner as the Secured Party, in the Secured Party’s sole discretion, shall determine;

 

(c)       Third,
to the satisfaction of any subordinate security interest in the Collateral if required under Section 9-504(1)(c) of the Code; and

 

(d)       Finally,
to pay to the Debtor, or its successor and assigns, or as a court of competent jurisdiction may direct, any surplus then remaining from
such proceeds.

 

11.     Expenses;
Secured Party’s Lien

 

The Debtor will forthwith,
upon demand, pay to the Secured Party:

 

(a)       The
amount of any taxes which the Secured Party may have been required to pay by reason of the security interests herein created (including
any applicable transfer taxes) or to free any of the Collateral from any lien thereon, and

 

(b)       The
amount of any and all reasonable out-of-pocket expenses, including the reasonable fees and disbursements of its counsel and of any agents
not regularly in its employ, which the Secured Party may incur in connection with (a) the collection, sale or other disposition of any
of the Collateral; (b) the exercise by the Secured Party of any of the powers conferred upon it hereunder or (c) any default hereunder
by the Debtor.

 

12.     Termination
of Security Interest Release of Collateral

 

Upon the repayment and performance
in full of all the Obligations, the security interest herein created shall terminate and all rights to the Collateral shall revert to
the Debtor. Upon any such termination of the Security Interest or release of Collateral, the Secured Party will, at the Debtor’s
expense, execute and deliver to the Debtor such documents as the Debtor shall reasonably request to evidence the termination of the Security
Interest or the release of such Collateral, as the case may be.

 

13.     Notices

 

All notices, communications
and distributions hereunder shall be in writing and shall be made by hand delivery, first class mail (certified, return receipt requested,
postage prepaid), reputable national overnight air courier (e.g., Federal Express) addressed to the parties at the respective addresses
set forth on the first page of this Security Agreement, by electronic mail if adequate confirmation of receipt is provided, or to such
other address as the party receiving such notice shall have properly designated by notice to the other party hereto in accordance with
this Section 13. Each such notice shall be deemed given at the time delivered by hand, if personally delivered; three (3) business days
after being deposited in the mail, postage prepaid, if mailed; when receipt is acknowledged, if sent be electronic mail; and the next
business day after timely delivery to courier, if sent by overnight air courier guarantying next day delivery.

 

14.       Waivers;
Non-Exclusive Remedies

 

No failure on the part of
the Secured Party to exercise, and no delay in exercising, and no course of dealing with respect to, any right, power or remedy under
this Security Agreement shall operate as a waiver thereof; nor shall any single or partial exercise by the Secured Party of any right,
power or remedy under this Security Agreement preclude any other right, power or remedy. The remedies in this Security Agreement are cumulative
and are not exclusive of any other remedies provided by law.

 

 

 

 

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15.     Changes
in Writing

 

Neither this Security Agreement
nor any provision hereof may be changed, waived, discharged or terminated orally but only by a statement in writing signed by an authorized
agent of the party against which enforcement of the change, waiver, discharge or termination is sought.

 

16.     Georgia
Law; Meaning of Terms

 

This Security Agreement shall
be construed in accordance with and governed by the laws of the State of Georgia, except as otherwise required by mandatory provisions
of law and except to the extent that remedies provided by the laws of the any state other than New York are governed by the laws of such
other state. Unless otherwise defined herein, or unless the context otherwise requires, all terms used herein which are defined in the
Georgia Uniform Commercial Code have the meanings therein stated.

 

17.     Separability

 

If any provision hereof is
invalid or unenforceable in any jurisdiction, the other provisions hereof shall remain in full force and effect in such jurisdiction and
shall be liberally construed in favor of the Secured Party.

 

18.     Headings

 

The headings in this Security
Agreement are for the purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

19.     Counterparts

 

This Security Agreement may
be signed in any number of counter parts with the same effect as if the signature thereon and hereto were upon the same instrument.

 

20.     CONSENT
TO JURISDICTION; WAIVER OF JURY TRAIL

 

THE DEBTOR HEREBY CONSENTS
TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED IN THE STATE OF GEORGIA AND WAIVES TRIAL BY JURY IN ANY ACTION BROUGHT ON OR
WITH RESPECT TO THIS SECURITY AGREEMENT.

 

IN WITNESS WHEREOF,
this Security Agreement has been executed by the undersigned as of the day and year first above written.

 

ROC DIGITAL MINING I LLC

 

By: ROC DIGITAL MINING MANAGER LLC,
its Manager

 

 

By: /s/ Nick Marrocco                                

Name: Nick Marrocco

Title: Initial Manager

 

 

BITMINE IMMERSION TECHNOLOGIES, INC.

 

 

By: /s/ Jonathan Bates                               

Name: Jonathan Bates

Title: Chief Executive Officer

 

 

 

 

    	 	5	 

     

    

 

SCHEDULE A

to Security Agreement,

dated October 13, 2022 between

BitMine Immersion Technologies, Inc. and Roc Digital
Mining I LLC

 

 

List of Equipment:

 

Four (4) 40ft Submer Immersion
Mining Container Units ("Crypto Megapod”)

 

		-	8 tanks per unit.
		-	8 dry coolers per unit.
		-	8000 liters dialectric fluid per container
		-	24 CAT-6 cables per tank.
		-	24 Y-Split 2xC13 AWG 12 cables per tank.
		-	2 1000A Panel boards per container.
		-	All accessories and components as required.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	6	 

     

    

 

SCHEDULE B

to Security Agreement,

dated October 13, 2022 between

BitMine Immersion Technologies, Inc. and Roc Digital
Mining I LLC

 

The Debtor’s chief executive
office, principal place of business and place where the records relating to the Collateral shall be kept is located at:

 

33 Commercial Street, Raynham,
MA 02767

 

 

The Collateral will be located at:

 

435 County Road, 420 East, #21B, Pecos, Texas

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	7

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