Document:

Exhibit 10.2

 

FIRST AMENDMENT TO LEASE AGREEMENT AND EXERCISE
OF OPTION TO LEASE

AN ADDITIONAL FOUR ADJOINING ACRES

 

GEORGIA, WASHINGTON COUNTY

 

THIS FIRST AMENDMENT TO LEASE
AGREEMENT AND EXERCISE OF OPTION TO LEASE AN ADDITIONAL FOUR ADJOINING ACRES is dated this 23 day of February, 2021 (the “Effective
Date”), hereinafter “Amended Lease” or “Amended Agreement”, made and entered into on the dates as hereinafter
set forth below, by and between THE DEVELOPMENT AUTHORITY OF WASHINGTON COUNTY with its principal office and place of business in 603
South Harris St. Sandersville, GA, 31082 Washington County, Georgia, as Party of the First Part, hereinafter called “LANDLORD”,
and INNOVATIVE PROPERTY MANAGEMENT, LLC, a North Carolina Limited Liability Company, with its principal office and place of business at
5217 Cottage Bluff Ln., Knightdale, NC, 27545 Wake County, North Carolina, as Party of the Second Part, hereinafter called “TENANT”.

 

WHEREAS, Landlord and Tenant
are the current Parties to that certain commercial Lease Agreement dated May 1, 2020, (the “Lease” or “Agreement”)
with the term ending April 30, 2023, pursuant to which Tenant is leasing from Landlord approximately 1 acre of real property located in
Washington County, Georgia (the “Current Premises”); and

 

WHEREAS, Tenant desires to
exercise its option to lease an additional four (4) acres of property pursuant to Section 4 of said Lease and for the same Lease Term
and upon the terms and conditions previously set forth in said Lease; said property is hereinafter called the “Expansion Premises”,
to-wit:

 

SEE DETAILED ACRES ON THE ATTACHED EXHIBIT
“A” TOGETHER WITH RIGHTS OF INGRESS AND EGRESS THERETO

 

WHEREAS, the Parties desire
to amend the Lease to more particularly reflect the leasing of the Expansion Premises; and

 

WHEREAS, the Tenant desires
that Landlord contract with Triple Point Engineering for certain Civil Engineering Work (as defined herein) so that said Civil Engineering
Work will be completed more expeditiously due to the Landlord’s ongoing relationship with Triple Point Engineering; and

 

WHEREAS, Landlord and Tenant
agree that Tenant will pay for and reimburse Landlord for all such Civil Engineering Work, subject to the terms and provisions of this
Amended Lease; and

 

WHEREAS, Landlord and Tenant
desire that Landlord will retain final review and authorization of all Civil Engineering Work plans and all such communication Tenant
has with Triple Point Engineering in connection with the Civil Engineering Work will go through Landlord; and

 

WHEREAS, Tenant understands
that all Site Work in addition to the Civil Engineering Work will be contracted by, paid for and arranged by Tenant; and

 

    

    

    

 

WHEREAS, both Parties find
that approval of this Amended Lease constitutes a proper exercise of their respective authority and find that this Amended Lease is in
the public interest.

 

NOW THEREFORE, in consideration of the mutual
covenants contained herein, as well as other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
Landlord and Tenant agree to amend the Lease as follows:

 

		1.	Recitals; Defined Terms. The above-stated Recitals are restated and incorporated into this Section
1 as though fully set forth herein.

 

		2.	Lease in Full Force and Effect. Landlord and Tenant acknowledge that the Lease is in full force
and effect and has not been amended, modified, or supplemented except as set forth herein and no notice of default has been given under
or in connection with the Lease which has not been cured, and Landlord has no actual knowledge of the occurrence of any other default
under or in connection with the Lease. The terms used herein shall have the same definitions as set forth in the Lease.

 

		3.	Exercise of Option to Lease an Additional Four Acres of Property. Effective as of the Effective
Date, Landlord agrees to lease to Tenant and Tenant agrees to lease from Landlord the Expansion Premises, for the entire Lease Term, and
subject to and in accordance with the terms of the Lease. As of the Effective Date: (a) the Expansion Premises shall be subject to all
of the terms and conditions of the Lease, as amended herein, for the entire Lease Term, subject to Section 4 below, and (b) all references
in the Lease to the “Premises” shall be deemed to include the Current Premises and the Expansion Premises.

 

		4.	Amendment to Lease Regarding Additional Rent as Defined in the Lease. It is understood and agreed
between the Parties hereto that, for the Expansion Premises, the per acre yearly rental rate will be TWENTY-THOUSAND AND 00/100
DOLLARS ($20,000.00) to be paid on a quarterly basis of FIVE-THOUSAND AND 00/100 ($5,000.00) per acre per quarter upon the terms and conditions
as otherwise provided for in the Lease. The Parties agree that the quarterly rental payment will be pro-rata if the signing date of this
Amended Lease does not correspond with the quarterly payment schedule as provided for in the Lease.

 

		5.	Additional Civil Engineering Work for Tenant Site Work to Expansion Premises. (a) At the request
of Tenant, Landlord has contracted with Triple Point Engineering for certain civil engineering related to additional Tenant Site Work
for the Expansion Premises (hereinafter referred to as the “Civil Engineering Work”). The scope and extent of said Civil Engineering
Work for the Expansion Premises is defined as and limited to the “Proposed Scope of Services” from Triple Point Engineering
which is attached hereto as Exhibit “B”. Without limiting or expanding the Civil Engineering Work as defined in Exhibit “B”,
the scope of said contracted Civil Engineering Work specifically does not include surveying, grading, land clearing, site prep, fencing
and other related Site Work and any and all costs associated with such Site Work will be contracted by, paid for and arranged by Tenant.
The attached Exhibit “B” is incorporated herein by reference and the scope of said work defined therein shall control.

 

    2

    

    

 

(b)
It is understood and agreed between the Parties that Tenant will pay for and reimburse Landlord for all work performed by Triple Point
Engineering as defined in the “Proposed Scope of Services” as attached hereto as Exhibit “B”. Additionally, Tenant
will pay Landlord a TWO-THOUSAND DOLLAR AND 00/100 ($2,000.00) administrative fee. The proposed lump sum fees as outlined in Exhibit
“B” and said administrative fee due Landlord are abbreviated as follows (subject to any other terms in this Amended Lease,
the Lease and in said Exhibit “B”):

 

	Task 1 –
Schematic Design Phase $4,400 (assuming no more than three iterations on the layout)	 	 	 
	Task 2- DD & CD Phase	 	$	7,500	 
	Task 3 –
ESPCP	 	$	7,500	 
	Administrative fee -	 	$	2,000	 
	Total	 	$	21,400	 

 

Landlord requires that the retainer
fee of one-half (1/2) of the total proposed fees (TEN-THOUSAND AND SEVEN-HUNDRED DOLLARS AND 00/100 - $10,700) shall be paid upfront before
any work is commenced. The final signed and sealed drawings will be provided following receipt of the balance of the project fees and
administrative fee with any additional fees as provided in the attached Exhibit “B”.

 

(c) It
is understood and agreed between the Parties hereto that Landlord retains full authorization and review of said Civil Engineering Work
as outlined in Exhibit “B” and all communication between Tenant and Triple Point Engineering with respect to the Civil Engineering
Work will go through Landlord and such communication shall be in writing or email format. As additional consideration for this Amended
Lease, Tenant understands and agrees that the Civil Engineering Work will be completed more expeditiously due to the Landlord’s
ongoing relationship with Triple Point Engineering.

 

(d) Notwithstanding
anything to the contrary set forth in this Amended Lease, Tenant shall have no obligation to reimburse Landlord for the costs of the Civil
Engineering Work or any other work performed by Triple Point Engineering in excess of $21,400.00, unless Landlord obtained the prior written
approval of Tenant for such excess costs.

 

		6.	Extension Options. Section 21 of the Lease is hereby deleted in its entirety and the following
shall be substituted in lieu thereof:

 

21. EXTENSION
OPTIONS. Landlord hereby grants to Tenant five (5) consecutive options to renew the Lease (each, an “Extension
Option”) for a period of three (3) years each (any such option period, a “Renewal Term”). The Lease Term shall be
deemed to be automatically extended to the next Renewal Term unless the Tenant gives Landlord written notice not later than ninety
(90) days prior to the end of the then current Lease Term that it elects not to extend the Lease Term; provided, however, that
Landlord shall have the right to negate such automatic exercise of an Extension Option in the event that Tenant is in default of the
Lease beyond any applicable notice and cure periods, at either the time of giving such notice or at the time of commencement of the
applicable Renewal Term, by delivering written notice to Tenant of such negation on or prior to the date of commencement of the
applicable Renewal Term. The term “Lease Term” means the Lease Term as defined by the Lease Agreement and, if one or
more of the Renewal Terms are exercised, shall include the related Renewal Term(s). Tenant's leasehold estate during a Renewal Term
shall be subject to all terms and provisions of the Lease. The Rent during any Renewal Term shall be the Rent in effect at the end
of the then expiring Term or Renewal Term, increased by four percent (4%) per annum. For clarity, Rent shall increase, on a
cumulative basis, by four percent (4%) upon each commencement date of each Renewal Term.

 

    3

    

    

 

		7.	Equipment and Data Security. The following shall be added as Section 42 of the Lease Agreement:

 

42.
EQUIPMENT AND DATA SECURITY. For the purposes of this Section 42 and the lease:

 

“Equipment”
means all equipment, fixtures and furnishings and all personal property of any kind, including, but not limited to, computer servers and
components, data center infrastructure support equipment, network equipment, fiber optic infrastructure, power and cooling equipment,
backup generators, fire suppression equipment, security equipment, and electrical substations, transformers or interconnects, as well
as any replacement equipment, which is to be located and used on or at the Premises, from time to time, which is suitable for the Tenant’s
business.

 

“Security
Incident” means any incident that involves or reasonably may involve the unauthorized access, use, disclosure, damage, vandalism,
or loss of any Equipment or Storage Data or any other suspected breach or compromise of the security, confidentiality or integrity of
any Equipment, Storage Data, or the Premises.

 

“Software”
means any software code, computer system, network, database, or other information system owned, controlled, or operated by or on behalf
of the Tenant used in any way through the Equipment, or at or in connection with the Premises.

 

“Stored
Data” means any and all data, metadata, data elements, identifiers, data models, data structures, databases, information, files,
documents, materials, content, libraries, software, firmware, code, scripts, algorithms, and any items similar to any of the foregoing,
in each of the foregoing cases, collected, stored, cached, located or resident on or within, or transmitted to or from, in any way and
for any period of time, the Equipment.

 

(a) Software.
Landlord acknowledges that Landlord has no license or other rights to use or access the Software. Landlord shall not be responsible
for the actions or content of or result created by the Software or use of the Software by Tenant or others, except to the extent
caused by the negligence or willful misconduct of Landlord or Landlord’s employees, agents, contractors or representatives or
the breach by Landlord of this Lease.

 

(b) Security
Incidents. Between the Landlord and the Tenant, any and all preparations required for and any and all responses to any and all
Security Incidents (including, without limitation, all remediation and preventative efforts) will be solely the responsibility of
and under the control of Tenant. Landlord shall have no responsibility to monitor the Premises or the Equipment. Upon Tenant's
request, pursuant to Tenant's instruction, and at Tenant's sole cost and expense, Landlord shall reasonably support Tenant in its
response to any Security Incident, including, without limitation, assistance with or the performance of all reasonably necessary and
corrective action. Notwithstanding the foregoing, nothing herein is intended to limit the liability of Landlord with respect to
Security Incidents caused by the negligence or willful misconduct of Landlord or Landlord’s employees, agents, contractors or
representatives or the breach by Landlord of this Lease.

 

    4

    

    

 

(c) Stored
Data. The Landlord acknowledges and agrees that:

 

(i) Landlord
shall have no access, control, or responsibility for the Stored Data. Tenant may destroy, relocate or let remain the Stored Data, or take
any other action with respect to the Stored Data, in its sole and absolute discretion, without any liability to Landlord. Tenant agrees
at all times to comply with all laws applicable the Stored Data, whether or not owned by Tenant, including laws regulating personal, financial,
health, and other information which may be part of the Stored Data and protected from disclosure.

 

(ii) The
Landlord has no right, title or interest in or to the Stored Data, including, without limitation, any right to access, inspect, obtain,
relocate, modify, destroy, preserve, pledge, lease, sell, appropriate or exercise any dominion or control over the Stored Data, or to
allow any Person to access, inspect, obtain, relocate, modify, destroy, preserve, pledge, lease, sell, appropriate or exercise any dominion
or control over the Stored Data. In the event Landlord receives any claim, inquiry, request or legal demand from a third party, including
any governmental entity, related to the Stored Data or entry to the Premises, Landlord will provide Tenant with prompt prior written notice
thereof no later than ten (10) days before a response is legally required, so that Tenant may seek a protective order or other appropriate
remedy and/or waive compliance with the terms of this Lease. In the event that such protective order or other remedy is not obtained or
Tenant waives compliance with the provisions of this Lease, Landlord agrees to furnish only that portion of the Stored Data which Landlord
reasonably believes is legally required to be furnished and to exercise good faith efforts to obtain assurances that confidential treatment
will be accorded the information provided.

 

(d) Hold
Harmless. In addition to any other provisions set forth in the Lease, Tenant will indemnify and hold harmless the Landlord from any
suit, demand, or claim by any third-party, public or private, related to the Stored Data, including but not limited to actual or consequential
damages (but only to the extent Landlord actually pays consequential damages to such third-party), expenses of litigation, including attorney’s
fees, and any and all other reasonable expenses incurred by the Landlord in connection with any such suit, demand, or claim, except with
respect to any suit, demand or claim which is caused by, or is purported to be caused by, the negligence or willful misconduct of Landlord
or Landlord’s employees, agents, contractors or representatives or the breach by Landlord of this Lease.

 

This Section 42 shall survive the expiration and any earlier
termination of this lease.

 

		8.	All Other Lease Terms in Full Force and Effect. Except as modified by this Amended Lease, all of
the terms, provisions, conditions, and covenants of the Lease shall be and remain in full force and effect, including but not limited
to, all provisions relating to the property being leased “As Is”, and the property being subject to the “Site Work”
and “Alterations” provisions as provided for in the Lease in Sections 5, 22, and 31.

 

		9.	Approval and Authority to Sign. Each Party acknowledges that this Amended Lease was duly approved
by each Party and each Party acknowledges that the individual or individuals signing this Amended Lease are duly authorized to so sign.
Tenant is a corporation or limited liability company organized, existing and in good standing in the State of North Carolina and with
the North Carolina Secretary of State.

 

[SIGNATURES ON FOLLOWING PAGE]

 

    5

    

    

 

IN WITNESS WHEREOF, the parties hereto have hereunto set their hands
and affixed their seals, on this 23 day of February, 2021.

 

	 	DEVELOPMENT AUTHORITY OF WASHINGTON COUNTY
	 	 	 
	 	BY:	/s/ Michael Shepperd	(SEAL)
	 	 	CHAIRMAN	 
	 	 	 	 
	 	ATTEST: 	/s/ Trey Shepperd	(SEAL)
	 	 	SECRETARY	 
	 	 	 
	 	Party of the First Part and "LANDLORD"	 

 

Signed, sealed and delivered this

23 day of February, 2021, in the

presence of:

 

	/s/ Trey Sepperd	 
	 	 
	Witness	 
	 	 
	/s/ Holley Davis	 
	 	 
	NOTARY PUBLIC FOR GEORGIA	 

 

	 	INNOVATIVE PROPERTY MANAGEMENT, LLC
	 	 	 
	 	By:	/s/ Kyle Hoffman
	 	Authorized Member: 	Kyle Hoffman
	 	 	 
	 	Party of the Second Part and “TENANT”

 

Signed, sealed and delivered this

23 day of February, 2021, in the

presence of:

 

	Kyle M. Hoffman	 
	 	 
	Witness	 
	 	 
	/s/ Johana Gonzalez Ponce	 
	 	 
	NOTARY PUBLIC FOR NORTH CAROLINA

	 

 

 

6Exhibit 10.3

 

CONFIDENTIAL

 

INTERNATIONAL SALES CONTRACT No:ZY0220211061

 

This INTERNATIONAL SALES CONTRACT (the “Contract”) is
made between the Seller and the Buyer after consensus has been reached by both Parties on the cooperation of A1246 or such other replacement
product in the future (the “Product”) during the Term of this Contract.

 

	THE
    SELLER: CANAAN CONVEY CO., LTD. 	THE
    BUYER:  COSMOS INFRASTRUCTURE LLC
	 	 
	Address:
    Zpark building 27 Tower C floor 2 201, Haidian District, Beijing, China	Address:
    Level 5, 97 Pacific Highway, North Sydney, NSW Australia
	Business
    Registration No: 91110108MA018GQHX2	Tel/Fax:
    +61 499 400 900
	Tel/Fax:
    +86 10-58741865	E-mail:
    james@cosmoscapital.io  
	E-mail: sales@canaan.io	 
	 	 
	1. PRODUCT & DELIVERY	 

 

		1.1	PRODUCT SPECIFICATIONS & PRICE LIST.

 

	Description
    of Products	 	Quantity
    

    (UNIT)	 	Price
    Per 

    T-Hash 	 	Price
    

    per Unit	 	Subtotal
    	 	Proposed
    

    Shipment Date
	Model: A1246	 	(Unit)	 	(USD/Th)	 	(USD)	 	(USD)	 
	A1246 (85T or 87T or 90T) (Each shipment will be the mix
    of these three specifications. The value difference will be settled before the last shipment in this contract.)	 	588	 	40	 	3,600	 	2,116,800	 	2021-04-30
	 	588	 	38	 	3,420	 	2,010,960	 	2021-05-30
	 	588	 	36	 	3,240	 	1,905,120	 	2021-06-30
	 	588	 	36	 	3,240	 	1,905,120	 	2021-07-30
	 	1,176	 	34	 	3,060	 	3,598,560	 	2021-08-30
	 	1,176	 	32	 	2,880	 	3,386,880	 	2021-09-30
	 	1,176	 	30	 	2,700	 	3,175,200	 	2021-10-30
	 	1,176	 	30	 	2,700	 	3,175,200	 	2021-11-30
	 	1,176	 	30	 	2,700	 	3,175,200	 	2021-12-30
	 	1,176	 	30	 	2,700	 	3,175,200	 	2022-01-30
	 	1,176	 	30	 	2,700	 	3,175,200	 	2022-02-28
	 	1,176	 	30	 	2,700	 	3,175,200	 	2022-03-31
	Total	 	11,760	 	 	 	 	 	33,974,640  	 	 

 

		1.2	The A1246 is in three different specifications in terms of Hash performance
                                            (referred to as “T-Hash”), say 85T, 87T and 90T. The product you are going
                                            to receive will be a mix of these three according to the production output. The price difference
                                            will be adjusted at the last shipment in Feb 2022. The Buyer agrees with this option
                                            upon Seller’s email notice. The buyer should replenish the corresponding payment after
                                            receiving the notice.

 

		1.3	The cost of Delivery &
                                            Insurance of the Products from the Seller’s warehouse to the final destination station
                                            of the Buyer will be covered by the Buyer, and other specific rights and obligations in
                                            delivery shall be determined according to the

                                                                Trading Term.

                                                                 

		1.4	The Buyer shall be responsible for all custom declaration and the corresponding
                                            duties and value-added tax charges. If the Buyer authorized the Seller to deal with the custom
                                            declaration and other procedures, the Buyer shall pay service fees to the Seller, which can
                                            be otherwise agreed by both parties.

 

		1.5	This contract will be terminated if the buyer fails to pay the first
                                            payment on time stipulated in this contract.

 

    1

     

    

 

CONFIDENTIAL

 

2. The Total Value of this Contract
will be adjusted according to the final shipment mix of miner model and T-Hash. The buyer will pay the difference between the total T-Hash
shipped and the consideration paid in total at the rate of USD$30 / T-Hash. 

 

PAYMENT & THE PAYER’S ACCOUNT.

 

			

			

		2.1	The Buyer shall pay 50% of total payment ($16,987,320) on or before 20th
                                            February 2021

 

		2.2	The Buyer shall pay the remaining 50% (Balance to Pay) for each shipment
                                            in order of

 

	Description
    of Products	 	Quantity
    	 	Total
    Contract Value	 	Down
    Payment 	 	Balance
    to Pay 
	Model:
    A1246	 	(Unit)	 	(USD)	 	(USD)	 	Value
    (USD)	 	Date
    Before
	A1246

    (Mix of 85T, 87T & 90T)

    

	 	588	 	   2,116,800
    	 	   1,058,400
    	 	1,058,400	 	2021-03-20
	 	588	 	   2,010,960
    	 	   1,005,480
    	 	1,005,480	 	2021-04-20
	 	588	 	   1,905,120
    	 	      952,560
    	 	952,560	 	2021-05-20
	 	588	 	   1,905,120
    	 	      952,560
    	 	952,560	 	2021-06-20
	 	1,176	 	   3,598,560
    	 	   1,799,280
    	 	1,799,280	 	2021-07-20
	 	1,176	 	   3,386,880
    	 	   1,693,440
    	 	1,693,440	 	2021-08-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2021-09-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2021-10-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2021-11-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2021-12-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2022-01-20
	 	1,176	 	   3,175,200
    	 	   1,587,600
    	 	1,587,600	 	2022-02-20
	TOTALS 	 	11,760	 	 33,974,640 	 	 16,987,320 	 	      16,987,320
    	 	 

 

		2.3	Payment will be made by the Buyer to the Seller to the following account:

 

	Seller	 	Buyer
	Bank
    Name	 	AGRICULTURAL
    BANK OF CHINA HANGZHOU JIUBAO BRANCH	 	Bank
    Name	 	NATIONAL
    AUSTRALIA BANK
	Address	 	NO.1211
    HANGHAI ROAD,JIANGGAN DISTRICT,HANGZHOU CHINA	 	Address	 	333 George Street

    Sydney, NSW 2000

	 	 	 	 	 	 	 
	Beneficiary Name	 	CANAAN
    CONVEY CO LTD	 	Beneficiary Name	 	Cosmos
    Capital Limited 
	 	 	 	 	 	 	 
	Beneficiary Address	 	ROOM110,
    1ST FLOOR BEIJING VENTURE ROAD 36,HAIDIAN DIST BEIJING CHINA	 	Beneficiary Address	 	Level 5, 97 Pacific Highway, North Sydney,
    NSW 2060

     

	 	 	 	 	 	 	 
	A/C No.	 	19033314040001675	 	A/C No.	 	MOSCAUSD01
	 	 	 	 	 	 	 
	Swift Code	 	ABOCCNBJ110	 	Swift Code	 	NATAAU3303M

 

3. TRADING TERM. 

 

The Buyer shall notify the Seller at least 14 days prior
to Proposed Shipment Date (as set out in Clause 1.1) of the method and destination of shipping, provided always that the Buyer
is shipping the Product out of China. The Buyer shall notify the Seller of the following details: 

 

FCA To:
【/】
, Port of Loading: 【/】
, Shipping Address: 【/】
, Shipping Method:【/】,
Shipping Date: / The aforesaid trading term shall be based on the notification from e-mail of the Buyer on the home page of the contract.
And that the Buyer has made payment in full for the Batch due for delivery.

 

    2

     

    

 

CONFIDENTIAL

 

4. BUYER’S OBLIGATIONS.

 

			

			

		4.1	The payer of the payment must be the Buyer
                                            of the Contract or in accordance with THE PAYER’S ACCOUNT set forth above. The Buyer
                                            shall obtain a prior written consent by the Seller if there is any inconformity with the
                                            payer of the payment.

 

		4.2	The
                                            Buyer warrants that it has legitimate business license(s) and administrative license, and
                                            that it will operate lawfully and with integrity in the jurisdiction in which it operates,
                                            nominated to be the United States of America and Australian and HK.

 

		4.3	If
                                            the Buyer delays in the payments, it shall pay the compensation to the Seller, which shall
                                            be the sum of non-paid amount × the days postponed/365 × 10%. The Seller may
                                            terminate this contract if the delay caused by the Buyer exceeds 30 days.

 

		4.4	A
                                            default mining pool will be set for each product of the Seller before leaving the factory
                                            to test whether the product operates normally, and the Buyer shall change the mining pool
                                            settings by itself when the product is used for the first time. The Buyer recognizes and
                                            agrees that the Seller shall not be liable for any loss of revenue when changing settings
                                            and/or that arising from the Buyer's failure to change the mining pool settings.

 

5. DELIVERY.

 

			

		5.1	Trade
                                            terms in the Contract are based on Incoterms 2010 of the International Chamber of Commerce.

 

		5.2	Under
                                            the trade term specified under this Contract, if the Seller is responsible for insurance
                                            and freight transportation, it has the right to choose the third-party company that provides
                                            the service.

 

		5.3	All
                                            delivery dates (as set out in Clause 1.1) are approximate, and as stipulated by the trading
                                            term the Seller shall not be liable for any damages of any kind resulting from delay in delivery.

 

		5.4	The
                                            Seller shall not be liable for any loss or damage suffered by the Buyer resulting directly
                                            or indirectly from, or through, or arising out of any delay in shipment or delivery of any
                                            Product, or resulting directly or indirectly from or through delay arising out of any of
                                            the following: fire, flood, strike, epidemic, accident, civil commotion, riot or war, shortage
                                            of labor, fuel, materials or supplies, regulations, priorities, orders or embargoes imposed
                                            by any civil or military government; or any other cause or causes (whether or not similar
                                            to the foregoing) beyond the reasonable control of the Seller. However, the Seller must use
                                            all reasonable endeavors to resolve any issues or any impacts to ensure delivery.

 

		5.5	Transfer
                                            of risk and title shall occur upon delivery to the Contract delivery address as notified
                                            by the Buyer pursuant to Clause 3.

 

		5.6	Where
                                            deliver is greater than 30 days from the date specified in Clause 1.1, the Seller shall reimburse
                                            the Buyer on the following basis: Unit Price x Quantity of Units × the days postponed/365
                                            × 10%.

 

6. INSPECTION AND ACCEPTANCE.

 

The Buyer shall examine the goods
as soon as possible after their arrival at ultimate delivery destination and shall notify the Seller in writing of any lack of conformity
of the goods within 15 days from the date when the Buyer discovers or ought to have discovered the lack of conformity. In any case the
Buyer shall have no remedy for lack of conformity if it fails to notify the Seller thereof within 30 days from the date of arrival of
the goods at the agreed destination. The products will be deemed as consistent with the agreement by both parties if the Buyer fails
to do so in the above-mentioned inspection and acceptance period.

 

    3

     

    

 

CONFIDENTIAL

 

7. CLAIM. 

 

Any claim by the Buyer concerning
the goods shipped hereunder shall be filed within 60 days after the arrival of the goods at the port of destination and supported by
a survey report issued by a survey or approved by the Seller for the Seller’s examination. Claims in respect of matters within
the scope of responsibility of the insurance company, shipping company, transportation organization and/or post office will not be entertained
by the Seller.

 

8. WARRANTIES.

 

		8.1	The
                                            Seller guarantees that all products and all documents related with the products, include
                                            but not limited to drawings, technical standards, product specifications, etc. delivered
                                            to the Buyer will, at the time of such delivery, be free and clear of all liens, security
                                            interests and other encumbrances and will conform, in all material respects, to the Specifications.
                                            If there is any act of intellectual property infringement, the Seller will claim for compensation
                                            through relevant ways.

 

		8.2	The
                                            Buyer guarantees that none of the Buyer, any of its subsidiaries or, to the best knowledge
                                            of the Buyer or its representative, any director, officer, shareholders or employee of the
                                            Buyer or any of its subsidiaries is an entity or person who is a) the target of any Sanctions
                                            Law, or b) located, controlled, organized, or resident in a country or territory that is,
                                            or whose government currently is, the target of countrywide sanctions imposed by any sovereign
                                            government sanctions authorities.

 

		8.3	The
                                            Buyer guarantees that it is and will be in compliance with any applicable anti-money laundering,
                                            anti-terrorist or economic sanctions legislation, regulation or guideline, in respect of
                                            the source of funds, making the transaction, or using the products herein.

 

		8.4	The
                                            Seller gives a guarantee for all delivered goods 365 days from the date of the delivery.
                                            If during this period defects in the Goods are revealed, the Seller shall repair or replace,
                                            free of charge, any part proven defective in material, performance or workmanship, but mining
                                            earnings will not be compensated. In this condition, the Buyer shall pay the inbound shipping
                                            and the Seller will pay the return shipping.

 

		8.5	The
                                            Exclusions of Quality Warrants: a) The installation, operation, usage, maintenance and examination
                                            and repair of the products are not applied to the technical requirements of the products
                                            or the requirements of the Products Manual; b) The damages are made by the Buyer or any third
                                            party intentionally or carelessly;. c) The normal damages of the products; d) The damage
                                            resulting from improper recast; e) The damage resulting from force majeure; and f) Other
                                            conditions irrelevant with the Seller.

 

9. COMPLIANCE & SANCTIONS.

 

The Buyer and its customers who purchased
the products in the stream of commerce shall not export, re-export, transfer or otherwise release products provided by the Seller, directly
or indirectly, to or for: i) a U.S. prohibited destination, such as Iran, Syria, North Korea, Crimean region, Venezuela and Cuba, or
a national thereof wherever located, or to any other country subject to restriction under applicable laws and regulations of any countries
and international organizations; ii) any sanctioned person or entity identified on the U.S. Consolidated Screening List (see https://2016.export.gov/ecr/eg_main_023148.asp)
or subject to sanctions administered by the U.S. Department of Treasury’s Office of Foreign Assets Control (OFAC) (see http://sanctionssearch.ofac.treas.gov/);
and iii) the design, production or use of military, nuclear, missile or chemical & biological weapons activities or systems and any
party engaged in such activity.

 

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CONFIDENTIAL

 

10. LIABILITY FOR BREACH.

 

			

			

		10.1	After this Contract comes into effect, the
                                            Seller and the Buyer shall fully perform their obligations as stipulated in this Contract.
                                            If either Party fails to perform or partially performs its contractual obligations, it shall
                                            be liable for such breach and shall compensate all losses resulting thereof to the other
                                            Party.

 

		10.2	If
                                            the Buyer cancels the order except upon the Seller’s written consent, the Seller shall
                                            have the right to deduct all the buyer’s payment, plus all reasonable costs and losses
                                            it sustains arising from the Buyer’s cancellation of an order without the Seller’s
                                            written consent and the Seller shall also have the right to refuse to perform the delivery obligation under the Contract.

 

		10.3	In
                                            the event that the Seller suffers any loss or receives any complaint as a result of the breach
                                            of this Contract by the Buyer, or any other circumstances cause or may cause the damage of
                                            the Seller 's interests, then the Seller has the right to unilaterally suspend or terminate
                                            this Contract and require the Buyer to be liable for all reasonable and actual losses to
                                            the Seller and assume related liabilities.

 

		10.4	According
                                            to the agreed delivery date of the Contract, if the Seller cannot deliver the products on
                                            schedule for the Buyer’s reasons or the Buyer fails to take the products according
                                            to the agreed delivery date, the Seller can require the storage charges as 0.2%/per day on
                                            the value of goods not delivered. The Seller has the right to unilaterally suspend or terminate
                                            the Contract and refuse to perform the delivery obligation under the Contract
                                            if the ordered goods cannot be delivered more than 30 days after agreed delivery date due
                                            to the Buyer’s responsibility.

 

		10.5	If
                                            there are damages or losses in the buyer due to the quality or delivery of the products or
                                            the Seller, the Buyers remedy is limited to replacement under the Seller warranty. All other
                                            representations, express or implied, warranty, or liability relating to the condition or
                                            use of the product are specifically disallowed, and in no event shall the Seller be liable
                                            to Buyer, or any third party, for any direct and indirect consequential or incidental damages.

 

		10.6	The
                                            Buyer shall, defend, indemnify, and hold harmless the Seller, its affiliates and their respective
                                            officers, directors, employees, agents, servants, subcontractors, and distributors from and
                                            against any and all actions, claims, demands, suits, judgments, liabilities, expenses (including
                                            but not limited to reasonable attorney’s fees), losses, or damages of whatever nature
                                            arising out of or relating to (i) any breach by the Buyer of any representation, warranty,
                                            covenant or obligation hereunder; and (ii) any third-party claims to the extent caused by
                                            acts or omissions of the Buyer.

 

		10.7	If
                                            the Seller breaches the Contract, it shall be liable for compensation and to perform its
                                            obligations within the prescribed time limit.

 

		10.8	Notwithstanding any other provision in this
                                            contract, neither party shall be liable to the other party for any loss of profit or revenues,
                                            loss of opportunity, loss of goodwill or reputation, and /or any indirect or consequential
                                            losses whatsoever, even if advised of the possibility of such damages.

 

11. FORCE MAJEURE.

 

Neither Party shall be liable for
the delays in certificate, stocking, shipment or delivery due to force majeure. The affected Party shall notify the other Party that
the delivery date of products exported overseas is determined by the customs clearance time and logistics speed at home abroad. Under
all the conditions of force majeure, the Seller will not responsible for the delay and failure of delivery or any problems of the quality
of the Products.

 

12. APPLICABLE LAW AND JURISDICTION.

 

This Contract shall be governed by
and construed in accordance with the laws of P.R.China excluding conflict of laws provisions which may direct the application of another
jurisdiction’s laws. Any disputes arising from or in connection with this Contract shall be submitted to the Hangzhou Arbitration
Commission in Hangzhou, China for arbitration which shall be conducted in accordance with its arbitration rules in effect at the time
of applying for arbitration. The language to be used in the arbitral proceedings shall be Chinese. The arbitral award is final and binding
upon both parties.

 

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CONFIDENTIAL

 

13. ATTORNEYS’ FEES.

 

The Prevailing Party in any dispute
shall have the right to collect from the other party its reasonable costs, necessary disbursements, and attorneys’ fees incurred
in enforcing this Contract. The “Prevailing Party” means the party in whose favor a(n) arbitral award, judgment, decree,
or final order is rendered, and also means the party obtaining substantially the relief sought, whether by compromise, settlement, or
judgment.

 

14. CONFIDENTIALITY.

 

		14.1	Either Party must keep the any Confidential
                                            Information obtained from the other Party, as well as this cooperation and the specific content
                                            of this Contract in strict confidence. For the purpose of this Agreement, “Confidential
                                            Information” shall mean any and all information (whether in oral, written or electronic
                                            form) including technical or other information imparted in confidence or disclosed by one
                                            party to the other or otherwise obtained by one party relating to the other’s business,
                                            finance or technology, know-how, trade secrets, intellectual property, assets, strategy,
                                            products and customers, including without limitation information relating to management,
                                            financial, marketing, technical and other arrangements or operations of any person, firm,
                                            or organisation associated with that Party;

 

		14.2	Either
                                            Party shall not use such Confidential Information for any purpose other than that specified
                                            herein nor disclose such information to any company or individual other than The Seller or
                                            The Buyer, unless agreed by the other Party in written consent. Either Party shall only disclose
                                            the Confidential Information to its Representatives (i) who need to know the Confidential
                                            Information for the purpose of the performance of the Agreement, (ii) who are bound by confidentiality
                                            obligations at least as restrictive as those contained herein. For the purpose of this Agreement,
                                            “Representative” means any affiliates, directors, officers, employees, agents
                                            and advisors.

 

		14.3	However,
                                            such confidential information may be disclosed as required by laws and regulations, judicial
                                            organs, regulatory agencies, or as otherwise provided herein. This Article shall survive
                                            the termination, suspension, invalidation or invalidity of this Contract or any articles
                                            here in, and remain binding on both Parties.

 

 

15. MISCELLANEOUS.

 

This Article shall survive the termination,
suspension, invalidation or invalidity of this Contract or any articles herein, and remain binding on both Parties.

 

This contract shall constitute the
entire agreement of both parties and supersede all prior oral or written agreement, commitments and understandings with respect to the
transaction hereof. The English language text of this Contract shall prevail over any translations thereof. If any provision of this
Contract is held to be invalid or unenforceable by a court of competent jurisdiction, then that provision will be enforced to the maximum
extent permissible in conformance with the intent of the parties, and the remaining provisions will remain in full force and effect.
This Contract shall come into force from the seal or signature date by both parties, and this Contract is made out in four original copies,
two copies to be held by each party in witness thereof.

 

Appendices A and B are inseparable
attachments to this contract and the parties shall abide by the provisions of these appendices.

 

(No text below)

 

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CONFIDENTIAL

 

(Signature Page of this INTERNATIONAL SALES
CONTRACT)

 

	SELLER: CANAAN CONVEY
CO., LTD.	 	BUYER:COSMOS INFRASTRUCTURE LLC
	 	 	 
	Seal and Signature:	 	/s/ James Manning
	Date: 2021.2.5	 	Mr. James Manning
	 	 	FOR COSMOS MANAGER LLC, MANAGER OF
	/s/
    Edward Lu	 	COSMOS INFRASTRUCTURE
	 	 	Date:

  

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CONFIDENTIAL

 

Appendix A: Declaration for Integrity

 

As the cooperative customer of the Seller, the
Buyer would like to eliminate illegal actions together with the Seller, including but not limited to commercial bribery; and the Buyer
warrants that:

 

		1	The
                                            Buyer prohibits itself and/or its relevant employees, officers or principals to provide any
                                            presents, money or any tangible or intangible interests through any other methods (other
                                            than reasonable and customary business souvenir, meal and entertaining proven acceptable
                                            under Chinese law. For souvenir, any souvenir that is priced over 500RMB is deemed inappropriate
                                            and unacceptable).

 

		2	If
                                            the Buyer authorizes itself and/or its relevant employees, officers or principals to engage
                                            in any of the aforesaid actions, the Seller is entitled to terminate the cooperation with
                                            the Buyer and cancel the Contract entered into by the parties. At the same time, the Buyer
                                            agrees to pay the fine for breach of this Declaration, which shall be all losses, damages,
                                            costs, legal fees, penalties and all damages caused to the Seller from such acts and any
                                            other restitution provided by law.

 

		3	If
                                            the Buyer and/or its relevant employees, officers or principals treat the Seller’s
                                            employees and/or their families secretly, or provide any interests to the Seller’s
                                            employees and/or their families, the Buyer shall immediately notify the Seller; if the Buyer
                                            fails to do so, the above Article 2 may be applied.

 

		4	If
                                            the Seller’s employees ask for any tangible or intangible interests from the Buyer
                                            and/or its employees, the Buyer will notify the Seller immediately and coordinate with the
                                            Seller to deal with such employees according to the laws. The Seller may terminate the cooperation
                                            with the Buyer permanently if the Buyer conceals such acts of asking for bribes.

 

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CONFIDENTIAL
 

Appendices B: Technical acceptance standards

 

The following custom parameters are:

 

1、Device
name:【A1246】

 

2、Hashrate:the
whole machine is stable at【90】TH/s(【-3】%~
【+3】
%)without overclocking

 

3、Power
Consumption: 【3400】
( 【-5】 %~【+5】
%)@Wall-Plug

 

4、Power
Supply AC Input:【185】V
~ 【285】
V

 

5、Operating
Temperature: 【-5】°C
~ 【35】°C

 

6 、Cooling
method: 【Wind Cooling】

 

 

9

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