Document:

EX-10.13

 Exhibit 10.13 

 
 

 
 Affinia Therapeutics Inc. 

43 Foundry Ave 
 Waltham, MA 

02453 
 November 16th, 2021 

Thomas Edward Leggett 
 84 North Street 

Newton Center, MA 02459 
 Dear Thomas: 

Affinia Therapeutics Inc. (the “Company”) is pleased to offer you employment on the terms set forth in this letter agreement
(the “Offer Letter”). 
 1. Position. Your employment will be effective as of December 6th, 2021 (the
“Start Date”). Your initial title will be Chief Financial Officer, and you will initially report to the Company’s Chief Executive Officer (“CEO”). This is a full-time position pursuant to which you will devote
substantially all of your business time, attention and energies to the tasks and duties of your position as assigned by the Company. At all times you will be expected to abide by all policies and procedures of the Company as in effect from time to
time. While you are employed by the Company, you will not engage in any other employment, consulting or other business activity that would create a conflict of interest with the Company. By signing this Offer Letter, you confirm to the Company that,
as of your Start Date, you have no contractual commitments or other legal obligations that would prohibit you from performing your duties for the Company. 

2. Cash Compensation. 

(a) Signing Bonus. You shall be advanced, within 30 (thirty) days of the Start Date, a signing and retention bonus in the amount of
$75,000.00, less applicable deductions and withholdings (the “Signing Bonus”), which will be earned in full on the twelve (12)-month anniversary of the Start Date. If you resign without Good Reason (as defined below) or are
terminated for Cause (as defined below) before the twelve (12)-month anniversary of the Start Date, you shall be obligated to, and hereby agree to, repay a prorated portion of the net, after-tax amount of the
Signing Bonus based on the number of days you were employed by the Company prior to your resignation without Good Reason or termination for Cause. You agree that if you are obligated to repay the Signing Bonus, the Company may deduct, in accordance
with applicable law, such amount from any payments the Company owes you, including but not limited to any regular payroll amount and any expense payments. You further agree to pay to the Company, within thirty (30) days of the effective
termination date, any remaining unpaid balance of the unearned Signing Bonus not covered by such deductions. 
 (b) Base Salary. The
Company will pay you an initial annualized salary of $400,000, payable in accordance with the Company’s standard payroll schedule and subject to required tax withholding and other authorized deductions (the “Base Salary”). No
period of employment is implied by such payment period, nor shall it alter the “at will” nature of your employment as described below and herein. This salary will be subject to adjustment pursuant to the Company’s employee
compensation policies in effect from time to time. 

 T. Leggett 

16 November 2021 
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 (c) Annual Bonus. In addition to your Base Salary, you will be eligible to be
considered for an annual incentive cash bonus as described below (the “Annual Bonus”). The Annual Bonus (if any) will be awarded based on objective and/or subjective criteria established by the Company’s CEO and be subject to
the approval of the Company’s Board of Directors (the “Board”). Your target Annual Bonus shall be thirty-five percent (35%) of your then-current Base Salary (the “Target Bonus”). You will be paid the full
Target Bonus for Fiscal Year 2021. Any Annual Bonus for a fiscal year will be paid within 21⁄2 months after the close of that fiscal year, but will be contingent
upon your continued employment through the applicable payment date. You hereby acknowledge and agree that nothing contained herein confers upon you any right to an Annual Bonus in any year, and that whether the Company pays you an Annual Bonus and
the amount of any such Annual Bonus will be determined by the Company in its sole discretion. 
 3. Employee Benefits. As a
regular employee of the Company, you will be eligible to participate in Company-sponsored benefit plans made available by the Company from time to time to employees generally, subject to plan terms and generally applicable Company policies. In
addition, you will initially be entitled to accrue paid vacation of fifteen (15) days annually and consistent with the Company’s employee benefits policy in addition to customary business holidays approved by the Board for the
Company’s employees generally, and the Company’s sick leave policy, in accordance with applicable law and Company policy, as in effect from time to time. Business travel will be reimbursed based on the Company’s then-current travel
and expense policy, for reasonable travel as agreed with your manager. 
 4. Equity. In connection with entering into
this Offer Letter and as mutually agreed upon consideration for your undertaking the obligations set forth in Sections 4.2 and 4.3 of the Invention Assignment, Non-Disclosure, and Business Protection Agreement
attached hereto as Exhibit A (the “Business Protection Agreement”), it will be recommended no later than the first meeting of the Board following your employment start date that the Company grant you an option to purchase 733,000
shares of the Company’s Common Stock (the “Welcome Grant”), at a price per share equal to the fair market value per share of the Common Stock on the date of grant, as determined by the Board. Twenty five percent (25%) of the
shares subject to the Welcome Grant will vest 12 months after the date your employment begins, subject to your continuing employment with the Company, and no shares will vest before such date. The remaining shares will vest monthly over the next 36
months in equal monthly amounts, subject to your continuing employment with the Company. In addition, from time to time, and as may be determined at the Company’s sole discretion with the approval of the Compensation Committee of the Board and
the Company’s Board, you will be eligible to receive stock option awards under the Company’s Stock Option Plan, to purchase shares of the Company’s common stock. Any such awards, including the Welcome Grant, shall be subject in all
respects to the terms and conditions of the Company’s then-current Stock Option Plan and Stock Option Agreement, including vesting requirements. No right to any stock is earned or accrued until such time that vesting occurs, nor does the grant
confer any right to continue vesting or employment. 
 5. Termination of Employment. The parties acknowledge that your
employment with the Company is for no specific period of time. Your employment with the Company will be “at will,” meaning that either you or the Company may terminate your employment at any time and for any reason, with or without notice
or Cause. Any contrary representations that may have been made to you are superseded by this Offer Letter. This is the full and complete agreement between you and the Company on this term. Although your job duties, title, compensation and benefits,
as well as the Company’s personnel policies and procedures, may change from time to time, the “at will” nature of your employment may only be changed in an express written agreement signed by you and a duly authorized officer of the
Company (other than you). The provisions of this Section 5 govern the amount of compensation, if any, to be provided to you upon termination of employment and do not alter this at-will status. 

 T. Leggett 

16 November 2021 
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 (a) Termination for Cause or Due to Your Death, Disability or Resignation without Good
Reason. If, at any time, the Company terminates your employment for Cause (as defined below), or if either party terminates your employment as a result of your death or Disability (as defined below), or you resign without Good Reason (as defined
below), you will receive the following “Accrued Benefits”: (i) any earned but unpaid Base Salary through the date of termination and any accrued but unused vacation through the date of termination; (ii) any unreimbursed
business expenses incurred by you payable in accordance with the Company’s standard expense reimbursement policies; and (iii) all other payments, benefits or fringe benefits to which you shall be entitled under the terms of any applicable
compensation arrangement or benefit, equity or fringe benefit plan or program or grant or this Offer Letter; but, for clarity, the Company shall have no obligation to pay you any bonus pursuant to Section 2(c). Under these circumstances, you
will not be entitled to any other form of compensation from the Company, including any severance benefits. For purposes of this Offer Letter, “Disability” means (i) you have been incapacitated by mental or physical injury or
illness so as to be prevented thereby from engaging in the performance of your duties to the Company, after receiving a reasonable accommodation by the Company if any such accommodation is required by law and (ii) such incapacity has continued
for a period of ninety (90) days. 
 (b) Termination without Cause or Resignation with Good Reason not in Connection with a Change in
Control. If the Company terminates your employment without Cause (as defined below) or you resign from employment with Good Reason (as defined below) not in connection with a Change in Control (as defined in the Plan), and provided such
termination constitutes a “separation from service” (as defined under Treasury Regulation Section 1.409A-1(h), without regard to any alternative definition thereunder, a “Separation from
Service”), then in addition to receiving the Accrued Benefits, and subject to your compliance with the obligations in Section 5(b)(iii) below, you shall receive the following “Severance Benefits”: 

(i) An amount equal to the equivalent of your then current base salary for nine (9) months on the schedule described below in
Section 5(b)(iii); and 
 (ii) Provided you or your covered dependents, as the case may be, timely elect continued coverage under COBRA
under the Company’s group health plans following such termination, the COBRA premiums to continue your (and your covered dependents, as applicable) health insurance coverage in effect on the termination date until the earliest of: (1) nine
(9) months after the termination date; (2) the date when you become eligible for substantially equivalent health insurance coverage in connection with new employment or self-employment; or (3) the date you cease to be eligible for COBRA
continuation coverage for any reason, including plan termination (such period from the termination date through the earlier of (1)-(3), the “COBRA Payment Period”). Notwithstanding the foregoing, if at any time the Company
determines that its payment of COBRA premiums on your behalf would result in a violation of applicable law (including, but not limited to, the 2010 Patient Protection and Affordable Care Act, as amended by the 2010 Health Care and Education
Reconciliation Act), then in lieu of paying COBRA premiums pursuant to this Section, the Company shall pay you on the last day of each remaining month of the COBRA Payment Period, a fully taxable cash payment equal to the COBRA premium for such
month, subject to applicable tax withholding, for the remainder of the COBRA Payment Period. Nothing in this Offer Letter shall deprive you of your rights under COBRA or ERISA for benefits under plans and policies arising under your employment by
the Company. 

 T. Leggett 

16 November 2021 
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 (iii) Condition of Severance Benefits. Your receipt of Severance Benefits is
conditional upon (i) your continuing to comply with your obligations under your Business Protection Agreement; (ii) your timely execution and non-revocation of a separation agreement with the Company
containing a general release of claims in favor of the Company and its affiliates in the form presented by the Company, which shall include a non-disparagement and
non-competition clause (and which is executed and allowed to become effective within the consideration period provided in the separation agreement, which in no event shall be later than the 60th day following
your Separation from Service) (the “Separation Agreement”); and (iii) your complying with all terms of the Separation Agreement, including but not limited to any confidentiality,
non-disparagement, non-competition and return of company property provisions. The salary continuation will be paid in equal installments on the 

Company’s regular payroll schedule and will be subject to applicable tax withholdings over the period outlined above following the date of your
termination; provided, however, that no payments will be made prior to the 8th day following the effective date of the release contained in the Separation Agreement. 

(c) Termination without Cause or Resignation with Good Reason in Connection with a Change in Control. In the event that the Company
terminates your employment without Cause or you resign for Good Reason within twelve (12) months following the effective date of a Change in Control (such termination date the “Change in Control Termination Date”), then
you shall be entitled to the Accrued Benefits and, subject to your compliance with Section 5(b)(iii) above, including but not limited to the release requirement and your continued compliance with your obligations to the Company under your
Business Protection Agreement, then you will be eligible to receive (i) the Severance Benefits set forth in Section 5(b) above, and (ii) effective as of the later of your Change in Control Termination Date or the effective date of the
Change in Control, the vesting and exercisability of all outstanding equity awards that are held by you as of immediately prior to the Change in Control Termination Date shall be accelerated (and lapse, in the case of reacquisition or repurchase
rights) in full. 
 (d) Definition of Cause. For purposes of this Offer Letter, “Cause” shall mean the occurrence of
any of the following: (i) your commission of, or plea of “guilty” or “no contest” to any felony under the laws of the United States or any state or any crime involving fraud, dishonesty or moral turpitude; (ii) your
participation in a fraud, act of dishonesty or other act of gross misconduct that adversely affect the Company; (iii) conduct by you that demonstrates your gross unfitness to serve; (iv) your violation of any statutory or fiduciary duty,
or duty of loyalty, owed to the Company; (v) your material breach of any term of any contract between you and the Company, including but not limited to this Offer Letter and the Business Protection Agreement; (vi) your material violation
of any Company policy, rule or instruction, and/or (vii) your continuing failure to perform assigned lawful duties after receiving written notification of the failure from the Company. Prior to a termination of your employment pursuant to
clause (v) or clause (vi) above, you shall have thirty (30) days to cure in all material respects such Cause event(s) (to the extent such event(s) is capable of being cured by you) following your receipt of written notice by the
Company, which notice shall specifically identify the Cause upon which the termination is based and after you have been given such notice. Whether a termination is for Cause shall be decided by the Board in its sole and exclusive judgment and
discretion. 
 (e) Definition of Good Reason. For the purposes of this Offer Letter, “Good Reason” for you to
terminate your employment hereunder shall mean the occurrence of any of the following events without your consent (unless such action is taken in response to conduct by you that constitutes Cause): (i) a material reduction by the Company of your
annual base salary as initially set forth herein or as the same may be increased from time to time, provided, however, that if such reduction occurs in connection with a Company-wide decrease in executive team compensation and then in no greater
proportion than any such reduction that is applicable to the executive team, such reduction shall not constitute Good Reason; (ii) a material breach of this Offer Letter by the Company; (iii) the relocation of your principal place of
employment, without your consent, in a manner that lengthens your one-way 

 T. Leggett 

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 commute distance by 50 or more miles from your then-current principal place of employment immediately prior
to such relocation; or (iv) a material reduction in your duties, authority, or responsibilities relative to your duties, authority, or responsibilities in effect immediately prior to such reduction unless you are performing duties and
responsibilities for the Company or its successor that are similar to those you were performing for the Company immediately prior to such transaction (for example, if the Company becomes a division or unit of a larger entity and you are performing
duties for such division or unit that are similar to those you were performing prior to such transaction but under a different title as you had prior to such transaction, there will be no “Good Reason”); provided, however that, any such
termination by you shall only be deemed for Good Reason pursuant to this definition if: (1) you give the Company written notice of your intent to terminate for Good Reason within thirty (30) days following the occurrence of the
condition(s) that you believe constitute(s) Good Reason, which notice shall describe such condition(s); (2) the Company fails to remedy such condition(s) within thirty (30) days following receipt of the written notice (the “Cure
Period”); and (3) you voluntarily terminate your employment within thirty (30) days following the end of the Cure Period. Notwithstanding the foregoing, (A) you will be deemed to have given consent to the condition(s)
described in this Section 5(e) if you do not provide written notice to the Company of such Good Reason event(s) within thirty (30) days from first occurrence of such Good Reason event(s) and (B) to the extent the Company has not cured
such Good Reason event(s) during the Cure Period, you must terminate your employment for Good Reason no later than thirty (30) days following the end of the Cure Period. 

(f) Cooperation With the Company After Termination of Employment. Following termination of your employment for any reason, you shall
reasonably cooperate with the Company in all matters relating to the winding up of your pending work including, but not limited to, any litigation in which the Company is involved, and the orderly transfer of any such pending work to such other
executives as may be designated by the Company; provided, that the Company agrees that the Company (a) shall make reasonable efforts to minimize disruption of your other activities, and (b) shall reimburse you for all reasonable expenses
incurred in connection with such cooperation. 
 (g) Effect of Termination. You agree that should your employment be terminated for
any reason, you shall be deemed to have resigned from any and all positions with the Company, including, but not limited to, a position on the Board and all positions with any and all subsidiaries and affiliates of the Company. 

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 6. Section 409A. It is intended that all payments and benefits under this
Offer Letter shall either comply with or be exempt from the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and other guidance thereunder and any ambiguity contained herein shall be interpreted
in such manner so as to avoid adverse personal tax consequences under Section 409A. 
 7. Certain Conditions. Like all
Company employees, as a condition of employment with the Company, you will be required (a) to sign the Company’s standard Business Protection Agreement, a copy of which is attached hereto as Exhibit A, which among other things,
prohibits unauthorized use or disclosure of Company proprietary information; (b) to sign and return a satisfactory USCIS Form I-9 attached hereto as Exhibit B and provide sufficient documentation
when you report to work establishing your employment eligibility in the United States of America as required by law (enclosed is a list of acceptable Form I-9 documentation); and (c) to provide
satisfactory proof of your identity as required by law. 
 8. Tax Matters. 

(a) Withholding. All forms of compensation referred to in this Offer Letter are subject to reduction to reflect applicable withholding
and payroll taxes and other deductions required by law. 
 (b) Tax Advice. You are encouraged to obtain your own tax advice regarding
your compensation from the Company. You agree that the Company does not have a duty to design its compensation policies in a manner that minimizes your tax liabilities, and you will not make any claim against the Company or its Board related to tax
liabilities arising from your compensation. 
 9. Interpretation, Amendment and Enforcement. This Offer Letter and Exhibit
A supersede and replace any prior or contemporaneous agreements, representations, communications or understandings (whether written, oral, implied or otherwise) between you and the Company and constitute the complete agreement between you and
the Company regarding the subject matter set forth herein. This Offer Letter may not be amended or modified, and no breach shall be deemed to be waived, except by an express written agreement signed by both you and a duly authorized officer of the
Company. The terms of this Offer Letter and the resolution of any disputes, in law or equity, including but not limited to statutory claims (including, but not limited to, the Massachusetts Antidiscrimination Act, Mass. Gen. Laws ch.151B and the
Massachusetts Wage Act, Mass. Gen. Laws ch. 149), as to the meaning, effect, performance or validity of this Offer Letter or arising out of, related to, or in any way connected with, this Offer Letter, your employment with the Company or any other
relationship between you and the Company, (a “Dispute”) will be governed by Massachusetts law, excluding laws relating to conflicts or choice of law. You and the Company each hereby irrevocably waive any right to a trial by jury in
any Dispute arising under or relating to any provision of this Offer Letter. 
 10. Arbitration. Any Dispute (including, but
not limited to, any Dispute relating to the Massachusetts Antidiscrimination Act, Mass. Gen. Laws ch.151B and the Massachusetts Wage Act, Mass. Gen. Laws ch. 149), will be settled by final and binding confidential arbitration. The arbitration will
take place in Boston, Massachusetts or, at your option, the County in which you primarily worked when the arbitrable Dispute first arose. The arbitration will be administered by JAMS under its Employment Arbitration Rules & Procedures
before a single arbitrator who is a retired judge. You and the Company agree to provide one another with reasonable access to documents and witnesses in connection with the resolution of the dispute. You and the Company will share the costs of
arbitration equally. Each party will be responsible for its own attorneys’ fees, and the arbitrator may not award attorneys’ fees unless a statute or contract at issue specifically authorizes such an award. As a material part of this
agreement to arbitrate claims, both you and the Company expressly waive all rights to a jury trial in court 

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 on all statutory or other claims. This agreement to arbitrate also covers any issues relating to the
interpretation, applicability or enforceability of this Section 10. You also acknowledge and agree that no claims will be arbitrated on a class action or collective action basis. It is specifically understood and agreed that any party hereto
may enforce any award rendered pursuant to the arbitration by bringing suit in any court of competent jurisdiction. Any claim must be brought to arbitration within the statute of limitations for bringing such claim in court or before the appropriate
administrative agency, as applicable. This paragraph does not apply to claims for (a) workers’ compensation benefits or unemployment insurance benefits and other claims that cannot be arbitrated as a matter of law or (b) concerning
the ownership, validity, infringement, misappropriation, disclosure, misuse or enforceability of any confidential information, patent right, copyright, mask work, trademark or any other trade secret or intellectual property held or sought by either
you or the Company (whether or not arising under the Business Protection Agreement between you and the Company) (“Excluded Claims”). Any Dispute that is commenced to resolve any matter relating to Excluded Claims shall be
commenced in Suffolk Superior Court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within the Commonwealth of Massachusetts), and the Company and you each consent to the jurisdiction of such a court. Further,
notwithstanding this agreement to arbitrate, you and the Company agree that either party may seek provisional remedies such as a temporary restraining order or a preliminary injunction from such a court in aid of arbitration, including, for example,
provisional remedies to enforce the restrictive covenants set forth in the Business Protection Agreement. 
 * * * * * 

 

 
 Affinia Therapeutics Inc. 

43 Foundry Ave 
 Waltham, MA 

02453 
 We hope
that you will accept our offer to join the Company. You may indicate your agreement with these terms and accept this offer by signing and dating both this Offer Letter and the enclosed Business Protection Agreement and returning them to me. This
offer, if not accepted, will expire at the close of business on November 16th, 2021. As required by law, your employment with the Company is contingent upon your providing legal proof of your identity and authorization to work in the United States.
The Company reserves the right to conduct background investigations and/or reference checks on all of its potential employees. Your job offer, therefore, is contingent upon a clearance of such a background investigation and/or reference check, if
any. You agree to assist as needed and to complete any documentation at the Company’s request to meet these conditions. Please retain a copy of this Offer Letter and Business Protection Agreement for your records. Your employment is also
contingent upon your starting work with the Company on or before December 6th, 2021. 
 If you have any questions, please call me. 

 

			
	 Very truly yours,

	
	 AFFINIA THERAPEUTICS INC.

		
	By:	 	 /s/ Rick Modi

		
	Name:	 	 Rick Modi

		
	Title:	 	 Chief Executive Officer

  

	
	I have read and accept this employment offer:

  

			
	 /s/Thomas Leggett

	Signature of Employee
		
	Dated:	 	 11/16/2021 
 

 Attachment 
 Exhibit A:
Invention Assignment, Non-Disclosure, and Business Protection Agreement 
 Exhibit B: USCIS I-9 

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 EXHIBIT A 

THIS INVENTION ASSIGNMENT, NON-DISCLOSURE, AND BUSINESS PROTECTION AGREEMENT (the
“Agreement”) is made by and between Affinia Therapeutics Inc., a Delaware corporation with an office at 43 Foundry Ave, Waltham, MA, 02453 (the “Company” or “Affinia
Therapeutics”) and Thomas Leggett, with an address at 84 North Street, Newton Center, MA 
 (“Employee”). 

The Company and Employee agree as follows: 
  

	1.	 Condition of Employment. Employee acknowledges that protection of the Company’s proprietary
and confidential information is critical to the survival and success of the Company’s business because of the nature of the Company’s business. This Agreement is intended to protect the Company’s business (including that of its
subsidiaries and affiliates) without unreasonably restricting Employee’s ability to work elsewhere if his/her employment with the Company ends. This Agreement will become effective on the earliest of: (a) the date of Employee’s
signature below, (b) the first day of Employee’s employment by the Company, or (c) the first day on which the Company discloses Proprietary Information to Employee. Subject to paragraph 4.6, 

Employee’s obligations under this Agreement will continue even after his/her employment with the Company has ended, whether in
circumstances of voluntary or involuntary termination of employment, and regardless of whether additional severance compensation is paid by the Company. 
  

	2.	 Proprietary and Confidential Information. 

 

	 	2.1	 Employee agrees that all non-public information and know-how, whether or not in writing, of a private, secret or confidential nature, relating to the Company’s (including its subsidiaries’ and affiliates’) actual or anticipated business, products,
interests, research and development or financial affairs (collectively, “Proprietary Information”) encountered by Employee in the course of or as a result of his/her relationship with the Company is and shall be the exclusive
property of the Company. By way of illustration, but not limitation, Proprietary Information may include discoveries, inventions, products, product improvements, product enhancements, processes, methods, techniques, formulas, compositions,
compounds, negotiation strategies and positions, projects, developments, plans (including business and marketing plans), research data, clinical data, financial data (including sales costs, profits, pricing methods), personnel data, computer
programs (including software used pursuant to a license agreement), customer, prospect and supplier lists, and contacts at or knowledge of customers or prospective customers of the Company, and shall include Developments, as defined below. Employee
will not disclose any Proprietary Information to any person or entity other than employees of the Company or use the same for any purposes (other than in the performance of his/her duties as an employee of the Company) without written approval by an
officer of the Company, either during or after his/her employment with the Company, unless and until such Proprietary Information has become public knowledge through voluntary public disclosure by someone who had the right to make such a disclosure.
While employed by the Company, Employee will use Employee’s best efforts to prevent unauthorized use, publication or disclosure of any of the Company’s Proprietary Information. 

  
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	2.2	 Employee agrees that all files, documents, letters, memoranda, reports, records, data, sketches, drawings,
models, laboratory notebooks, program listings, computer equipment or devices, computer programs or other written, photographic, or other tangible or intangible material containing Proprietary Information, whether created by Employee or others,
which shall come into his/her custody or possession, shall be and are the exclusive property of the Company (or any person or entity designated by the Company) to be used by Employee only in the performance of his/her duties for the Company and
shall not be copied or removed from the Company premises except in the reasonable pursuit of the business of the Company. All such materials or copies of such materials and all tangible property of the Company in the custody or possession of
Employee shall be delivered to the Company, upon the earlier of (a) a request by the Company or (b) termination of his/her employment. After such delivery, Employee shall not retain any such materials or copies of such materials, including
but not limited to electronic copies, or any such tangible property. Employee also agrees to disclose to the Company, upon the earlier of a request by the Company or termination of his/her employment, all passwords necessary or desirable to obtain
access to, or that would assist in obtaining access to, any information which Employee has password-protected on any computer equipment, network or system of the Company. 

 

	2.3	 Employee agrees that his/her obligation not to disclose or to use information and materials of the types set
forth in paragraphs 2.1 and 2.2 above, and his/her obligation to return materials and tangible property, set forth in paragraph 2.2 above, also extends to such types of information, materials and tangible property encountered by Employee in the
course of or as a result of his/her relationship with the Company or customers of the Company or suppliers to the Company or other third parties who may have disclosed or entrusted such information and materials to the Company or to Employee.

  

	2.4	 However, in the event that Employee (a) is required, by court or administrative or regulatory order, or
any governmental regulator with jurisdiction over Employee, to disclose any portion of the Proprietary Information or (b) is asked to or seeks to enter into evidence or otherwise voluntarily disclose in any administrative, judicial,
quasi-judicial or arbitral proceeding, any portion of the Proprietary Information, Employee shall provide the Company with prompt written notice of any such request or requirement prior to the disclosure of Proprietary Information, so the Company
may, at the Company’s expense, seek a protective order or other appropriate remedy to prohibit or to limit such disclosure. If, in the absence of a protective order, Employee is nonetheless compelled to disclose any Proprietary Information,
Employee shall as soon as practicable thereafter advise the Company of the Proprietary Information so disclosed and the persons to whom it was so disclosed, and thereafter, may disclose only such portions of the Proprietary Information that are
legally required to be disclosed. 

  

	2.5	 The Company provides notice to Employee that pursuant to the United States Defend Trade Secrets Act of 2016:

  

	 	(a)	 An individual will not be held criminally or civilly liable under any United States federal or state trade
secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or local government official or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or
(ii) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal; and 

  
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	 	(b)	 An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may
disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual (i) files any document containing the trade secret under seal; and (ii) does not disclose the trade
secret, except pursuant to court order. 

  

	2.6	 In addition, this Agreement does not prohibit Employee from participating in or cooperating with any government
investigation or proceeding, nor does this Agreement restrict Employee from disclosing Proprietary Information to government agencies in a reasonable manner when permitted by applicable state or federal “whistleblower” or other laws.

 3. Developments. 
  

	3.1	 Employee will, except as expressly provided in paragraph 3.4, make full and prompt disclosure to the Company
of: all discoveries, inventions, improvements, enhancements, processes, methods, techniques, developments, software, and works of authorship, whether patentable or not, (a) which have been created, made, conceived or reduced to practice by
Employee or under his/her direction or jointly with others prior to the date hereof and which are potentially competitive with, or relate directly or indirectly to, Affinia Therapeutics’ (including its subsidiaries’ and affiliates’)
actual or anticipated business, products, interests or research and development, (b) which are created, made, conceived or reduced to practice by him/her or under his/her direction or jointly with others during his/her employment by Affinia
Therapeutics, whether or not during normal working hours or on the premises of the Company, or (c) which are created, made, conceived or reduced to practice by him/her or under his/her direction or jointly with others using or based on
knowledge of the Company’s tools, devices, equipment or Proprietary Information (all of which are collectively referred to in this Agreement as “Developments”). 

 

	3.2	 Employee agrees to assign and does hereby assign to the Company (or any person or entity designated by the
Company) all his/her right, title and interest in and to all Developments and all related patents, patent applications, copyrights and copyright applications. However, this paragraph 3.2 shall not apply to Developments (described in clauses 3.1(b)
and 3.1(c) above) which are not potentially competitive with, and do not relate directly or indirectly to, the Company’s (including its subsidiaries’ and affiliates’) actual or anticipated business, products, interests or research and
development at the time such Development is created, made, conceived or reduced to practice, and which are made and conceived by Employee not during normal working hours, not on the Company’s premises and not using or based on knowledge of the
Company’s tools, devices, equipment or Proprietary Information. Employee understands that, to the extent this Agreement shall be construed in accordance with the laws of any state which precludes a requirement in an employee agreement to assign
certain classes of inventions made by an employee, this paragraph 3.2 shall be interpreted not to apply to any invention which a court rules and/or the Company agrees falls within such classes. Employee also hereby waives all claims to moral rights
in any Developments. 

  

	3.3	 All discoveries, inventions, improvements, enhancements, processes, methods, techniques, developments,
software, and works of authorship, whether patentable or not, arising in the one year period after the termination or cessation of such employment for any reason which (i) are potentially competitive with, or relate directly or indirectly to,
the Company’s (including its subsidiaries’ and affiliates’) actual or anticipated business, products, interests or research and development, and (ii) relate to any patent, copyright, trade secret, or other intellectual property
right, worked on by Employee while Employee 

  
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16 November 2021 
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is employed by the Company, shall be presumed to have been created, made, conceived or reduced to practice during Employee’s employment with the Company and shall therefore be deemed a
Development; provided, however, that Employee may overcome the presumption with respect to the period of one year after the termination or cessation of employment by proving that such creation, making, conception or reduction to practice
occurred exclusively following employment with the Company and without use of, and not based on knowledge of, the Company’s tools, devices, equipment or Proprietary Information. 

 

	3.4	 To preclude any possible uncertainty concerning the ownership of Developments, Employee agrees to provide to
the Company a complete written list of any Developments that Employee considers to be his/her property or the property of a third party and that Employee and the Company agree shall be excluded from the scope of this Agreement (“Prior
Inventions”). If disclosure of any Prior Invention would cause Employee to violate any prior confidentiality agreement, Employee understands that Employee is not to fully describe such Prior Inventions, but is only to disclose a cursory
name for each such invention, a listing of the party(ies) to whom it belongs and the fact that full disclosure as to such invention has not been made for that reason. Employee shall also list all patents and patent applications in which Employee is
named as an inventor, other than those which have been assigned to the Company. If no such disclosure is provided on or before the start of Employee’s employment by the Company, Employee represents that there are no Prior Inventions.

  

	3.5	 Employee agrees to cooperate fully with the Company (or any person or entity designated by the Company), both
during and after his/her employment with the Company, with respect to the procurement, maintenance and enforcement of copyrights, patents and other intellectual property rights (both in the United States and foreign countries) relating to
Developments. Employee shall sign all papers, including, without limitation, copyright applications, patent applications, declarations, oaths, formal assignments, assignments of priority rights, and powers of attorney, which the Company (or any
person or entity designated by the Company) may deem necessary or desirable in order to protect its rights and interests in any Development. Employee further agrees that if the Company (or any person or entity designated by the Company) is unable,
after reasonable effort, to secure the signature of Employee on any such papers, the Company and its duly authorized officers and designees shall be entitled to execute any such papers as the agent and the attorney-in-fact of Employee, and Employee hereby irrevocably designates and appoints the Company and its duly authorized officers and designees as his/her agent and attorney-in-fact to execute any such papers on his/her behalf, and to take any and all actions as may be deemed necessary or desirable in order to protect the Company’s or its designees’ rights and
interests in any Development, under the conditions described in this sentence. 

 4.
Non-Competition. 
  

	4.1	 Non-Competition During Employment. While Employee is employed by
the Company, Employee will not directly or indirectly, engage or assist others in engaging in any Competing Organization (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise, except as the holder of not
more than 1% of the outstanding stock of a publicly-held company). The term “Competing Organization” means any person, entity or organization engaged in, or anticipated to become engaged in, research on or the acquisition,
development, production, distribution, marketing, or providing of a product, process or service that competes or is reasonably expected to compete with a material product, process or service in existence or being developed or anticipated to be
developed by the Company.  

  
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	 	4.2	 Restrictions on Competition Post-Employment. For a period of twelve (12) months following the
termination of Employee’s employment with the Company (the “Restricted Period”), Employee will not Compete with the Company. The term “Compete” means providing to a Competing Organization the same types
of services (whether as owner, partner, officer, director, employee, consultant, investor, lender or otherwise, except as the holder of not more than 1% of the outstanding stock of a publicly-held company) that Employee provided to the Company in
any geographic areas in which Employee provided services or had a material presence or influence, directly or indirectly, at any time within the last two (2) years of employment.  

 

	 	4.3	 Extension and Tolling of Restricted Period. The Restricted Period in paragraph 4.2 shall automatically
extend from twelve (12) months to twenty-four (24) months after termination of Employee’s employment in the event that Employee (a) breaches a fiduciary duty to the Company, or (b) unlawfully takes, physically or
electronically, property belonging to the Company. In addition, if Employee violates paragraph 4.2, Employee shall continue to be bound by its restrictions until a period of twelve (12) months has expired without any violation of such
provisions.  

  

	 	4.4	 Mutually Agreed Upon Consideration. Employee and the Company mutually agree that Employee’s
eligibility to (a) be issued an option or options to purchase shares of the Company’s Common Stock pursuant to the terms of the Employee’s offer letter and a corresponding option grant agreement by and between Employee and the Company
and (b) receive a discretionary bonus as set forth in Employee’s offer letter (collectively, the “Mutually Agreed Upon Consideration”) shall be contingent on Employee’s agreement to the noncompetition restrictions
set forth in paragraphs 4.2 and 4.3 of this Agreement. Unless and until Employee agrees to those restrictions, Employee shall not be permitted to receive the Mutually Agreed Upon Consideration, which Employee acknowledges and agrees is fair,
reasonable, and adequate to support the noncompetition restrictions set forth in paragraphs 4.2 and 4.3. 

  

	 	4.5	 Non-Competitive Divisions. Paragraphs 2.1 and 4.2 shall not
preclude Employee from, after the cessation of employment with the Company, becoming an employee of, consultant to, or from otherwise providing services to, a separate division or operating unit of a multi-divisional business or enterprise (a
“Division”) if (a) the Division by which Employee is employed or engaged, or to which Employee provides services, is not (if treated by itself as an independent entity) a Competing Organization, (b) Employee does not
provide services, directly or indirectly, to any other division or operating unit of such multi-divisional business or enterprise that is a Competing Organization (if treated by itself as an independent entity) (individually, a
“Competitive Division” and collectively, the “Competitive Divisions”) and (c) the Competitive Divisions, in the aggregate, accounted for less than one-third
of the multi-divisional business or enterprise’s consolidated revenues for the fiscal year, and each subsequent quarterly period, prior to Employee’s commencement of employment with the Division.  

  
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	 	4.6	 Terminations without Cause and Layoffs. To the extent required by law, the Company shall not enforce
paragraph 4.2 in the event that Employee is terminated without cause or laid off, unless it is discovered that Employee took the Company’s information and/or violated a fiduciary duty. Solely for the purposes of this Agreement, Employee agrees
that the following shall constitute grounds for a termination for cause: (a) a reasonable basis for the Company’s dissatisfaction with Employee, entertained in good faith, for reasons such as lack of capacity or diligence, failure to
conform to usual standards of conduct, or other culpable or inappropriate behavior, or (b) grounds for discharge reasonably related, in the Company’s honest judgment, to the needs of its business. A termination is not for cause if it is on
unreasonable grounds or arbitrarily, capriciously, or in bad faith. For purposes of clarity, the above described grounds for a termination for cause shall be applicable only to this Agreement, and not any other agreement entered into between
Employee and the Company related to employment, equity or otherwise that contains or uses the terms “Cause” or “cause”. 

  

	 	4.7	 Acknowledgments. Employee acknowledges that the noncompetition restrictions in paragraphs 4.1 and 4.2
are no broader than necessary to protect the Company’s interests in its trade secrets, confidential information, and/or goodwill. Employee further acknowledges that these noncompetition restrictions cannot be adequately protected through an
alternative restrictive covenant, including but not limited to a non-solicitation agreement or a non-disclosure or confidentiality agreement. 

  

	5.	 Non-Solicitation. While Employee is employed by the
Company and for a period of one (1) year after the termination or cessation of such employment for any reason (the “Non-Solicitation Period”), Employee will not directly or indirectly:

  

	 	5.1	 Either alone or in association with others, solicit, divert or take away, or attempt to divert or take away,
the business or patronage of any of the clients, customers, or business partners of the Company that were contacted, solicited, or served by Employee directly or the Company during the 12-month period prior to
the termination or cessation of Employee’s employment with the Company; or 

  

	 	5.2	 Either alone or in association with others (a) solicit, induce or attempt to induce, any employee or
independent contractor of the Company to terminate his or her employment or other engagement with the Company, or (b) hire, or recruit or attempt to hire, or engage or attempt to engage as an independent contractor, any person who was employed
or otherwise engaged by the Company at any time during the term of Employee’s employment with the Company; provided, that this clause (b) shall not apply to the recruitment or hiring or other engagement of any individual whose
employment or other engagement with the Company has been terminated for a period of six months or longer. However, this paragraph 5.2 shall not apply to (x) general advertising or solicitation not specifically targeted at the Company, its
employees or independent contractors, (y) Employee serving as a reference, upon request, for any employee or independent contractor of the Company, and (z) actions taken by any person or entity with which Employee is associated if Employee
is not personally involved in any manner in the hiring, recruitment, solicitation or engagement of any such individual (including but not limited to identifying any such individual for hiring, recruitment, solicitation or engagement).

  

	 	5.3	 So that the Company may enjoy the full benefit of the covenants contained in this paragraph 5, Employee further
agrees that the Non-Solicitation Period shall be tolled, and shall not run, during the period of any breach by Employee of such covenants. 

  
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	6.	 Third Parties; Other Agreements. Employee represents that, except as Employee has disclosed in
writing to the Company, Employee is not bound by the terms of any agreement with any previous employer or other party to refrain from using or disclosing any trade secret or confidential or proprietary information in the course of his/her employment
with the Company, to refrain from competing, directly or indirectly, with the business of such previous employer or any other party or to refrain from soliciting employees, customers or suppliers of such previous employer or other party. Employee
further represents that his/her performance of all the terms of this Agreement and the performance of his/her duties as an employee of the Company do not and will not conflict with or breach any agreement with any prior employer or other party to
which Employee is a party (including without limitation any nondisclosure or non-competition agreement), and that Employee has not and will not disclose to the Company, bring onto the Company’s premises,
or use or induce the Company to use, any confidential or proprietary information or material belonging to any previous employer or others. 

  

	7.	 United States Government Obligations. Employee acknowledges that the Company from time to time
may have agreements with other persons or with the United States Government, or agencies thereof, which impose obligations or restrictions on the Company regarding inventions made during the course of work under such agreements or regarding the
confidential nature of such work. Employee agrees to be bound by all such obligations and restrictions that are made known to Employee and to take all action necessary to discharge the obligations binding the Company under such agreements.

  

	8.	 Miscellaneous. 

 

	 	8.1	 Equitable Remedies. The restrictions contained in this Agreement are necessary for the protection of the
business and goodwill of the Company and are considered by Employee to be reasonable for such purpose. Employee agrees that any breach of this Agreement is likely to cause the Company substantial and irrevocable damage that is difficult to measure.
Therefore, in the event of any such breach or threatened breach, Employee agrees that the Company, in addition to such other remedies which may be available, shall have the right to obtain an injunction from a court restraining such a breach or
threatened breach and the right to specific performance of the provisions of this Agreement, without having to post bond, and Employee hereby waives the adequacy of monetary damages or other remedy at law as a defense to such relief.

  

	 	8.2	 Disclosure of this Agreement. Employee hereby authorizes the Company to notify others, including but not
limited to customers of the Company and any of Employee’s future employers or prospective business associates, of the terms and existence of this Agreement and Employee’s continuing obligations to the Company pursuant to this Agreement.

  

	 	8.3	 No Employment Contract and No License. Employee acknowledges that this Agreement does not constitute a
contract of employment, does not imply that the Company will continue his/her employment for any period of time and does not change the at-will nature of his/her employment. Employee further acknowledges that
no license to any of the Company’s trademarks, patents, copyrights or other proprietary rights is either granted or implied by Employee’s access to and utilization of the Proprietary Information or Developments. 

  
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	 	8.4	 Successors and Assigns. This Agreement is binding on Employee and his/her heirs, executors and
administrators, and is for the benefit of the Company and its successors and assigns. The Company may designate affiliates and/or subsidiaries of the Company to have the same rights as the Company under this Agreement, and any obligation owed to the
Company under this Agreement shall be owed to such an affiliate or subsidiary in the same manner as they are owed to the Company. 

  

	 	8.5	 Interpretation. If any restriction set forth in paragraphs 3, 4 or 5 is found by any court of competent
jurisdiction to be unenforceable because it extends for too long a period of time or over too great a scope of activities or in too broad a geographic area, it shall be interpreted to extend only over the maximum period of time, scope of activities
or geographic area as to which it may be enforceable. 

  

	 	8.6	 Severability. In case any provision of this Agreement shall be invalid, illegal or otherwise
unenforceable, the validity, legality and enforceability of the remaining provisions shall in no way be affected or impaired thereby. 

  

	 	8.7	 Waivers. No delay or omission by the Company in exercising any right under this Agreement will operate
as a waiver of that or any other right. A waiver or consent given by the Company on any one occasion is effective only in that instance and will not be construed as a bar to or waiver of any right on any other occasion. 

 

	 	8.8	 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the
Commonwealth of Massachusetts (but without reference to provisions concerning the conflicts of laws). Any action, suit, or other legal proceeding that is commenced to resolve any matter arising under or relating to any provision of this Agreement
shall be commenced in Suffolk Superior Court of the Commonwealth of Massachusetts (or, if appropriate, a federal court located within the Commonwealth of Massachusetts), and the Company and Employee each consents to the jurisdiction of such a court.
The Company and Employee each hereby irrevocably waive any right to a trial by jury in any action, suit or other legal proceeding arising under or relating to any provision of this Agreement. 

 

	 	8.9	 Entire Agreement; Amendment. This Agreement supersedes all prior agreements, written or oral, between
Employee and the Company relating to the subject matter of this Agreement. This Agreement may not be modified, changed or discharged in whole or in part, except by an agreement in writing signed by Employee and the Company. Employee agrees that any
change or changes in his/her duties, salary or compensation after the signing of this Agreement shall not affect the validity or scope of this Agreement. 

  

	 	8.10	 Captions. The captions of the sections and paragraphs of this Agreement are for convenience of reference
only and in no way define, limit or affect the scope or substance of any section or paragraph of this Agreement. 

  

	 	8.11	 Review by Counsel. Employee acknowledges that he/she had the right to consult with legal counsel before
signing this Agreement. 

  
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16 November 2021 
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 17
 
  

 EMPLOYEE ACKNOWLEDGES THAT HE/SHE HAS CAREFULLY READ THIS AGREEMENT, THAT EMPLOYEE HAD THE RIGHT TO
CONSULT WITH COUNSEL BEFORE SIGNING BELOW, AND THAT EMPLOYEE WAS PROVIDED WITH THIS AGREEMENT ON THE EARLIER OF THE SUBMISSION OF A FORMAL OFFER OF EMPLOYMENT OR TEN BUSINESS DAYS BEFORE COMMENCEMENT OF EMPLOYMENT. EMPLOYEE UNDERSTANDS AND AGREES TO
ALL OF THE PROVISIONS IN THIS AGREEMENT. 
  

							
	AFFFINIA THERAPEUTICS INC.	 	THOMAS EDWARD LEGGETT
				
	By:	 	 /s/ Rick Modi
	 	/s/	 	 Thomas Leggett

	Name:	 	Rick Modi	 		 	
	Title:	 	Chief Executive Officer	 		 	Date: 11/16/2021
				
	Date:	 	11/16/2021	 		 	

 EXHIBIT B 

USCIS FORM I-9EX-10.1

 Exhibit 10.1 

PURCHASE ORDER No 21-041 

DATED 29th December 2021 

 

			
	Parties:	  	This Purchase Order (the “Order”) is entered as of 29th December 2021 (the “Effective Date”) by and between the following parties:
		
		  	Bitfury USA Inc., whose registered office is located at 1015 15th Street, N.W. Suite 1000, Washington, District of Columbia 20005 (“Bitfury”); and
		
		  	 Cipher Mining Technologies Inc., a corporation incorporated and registered under the laws of Delaware, with its principal place of
business at 222 Purchase St., Ste. 290, Rye, New York 10580 (the “Customer”)
  

(together – the “Parties”).

		
	Definitions:	  	Unless otherwise expressly defined herein, the definitions agreed in the Master Services and Supply Agreement (the “MSSA”) and the Equipment Purchase Agreement (Schedule 4) attached thereto dated 26 August 2021 shall
apply to this Order. In the event of conflict, the definitions in the Equipment Purchase Agreement shall prevail the definitions in the MSSA while the definitions provided herein shall prevail to any other document.
		
	Product Description:	  	Bitfury BlockBox Air Cooled is an outdoor data center solution that integrates the prefabricated mechanical structure, power distribution and management systems (the “BBAC”).
		
		  	Weight and dimensions:
		
		  	 •  BBAC dimensions while closed (L × W × H): 40’ × 8’
× 9.6’ (12.2 m × 2.5 m × 2.9 m);

		
		  	 •  Door opening: 6’7’’ × 2’11’’ (2.0 m
× 0.9 m);

		
		  	 •  Mechanical Capacity: up to 321 of MicroBT servers;

		
		  	 •  Voltage: 480/277 V;

		
		  	 •  Power cords to feed miners; and

		
		  	 •  Weight: up to 31,500 lb (14.3 tonnes) curb weight in base
configuration.

		
		  	Installation requirements:
		
		  	 •  Power supply 1.1-1.15 MW ± 5%;
and

		
		  	 •  Internet connection: reliable Internet connection with at least 2 Mbps per
unit and maximum 50 ms latency to the www.bitfury.com;

			
		  	 •  Installation: 50–100 cm between the footing and the container
underside;

		
		  	 •  Ambient operating temperature range: - 40 to + 45°C.

		
		  	Exclusions:
		
		  	 •  Louvers and exhaust fans international shipping;

		
		  	 •  Louvers and exhaust fans interstate shipping;

		
		  	 •  On-site works (louvers, exhaust fans
installation and others);

		
		  	 •  BBAC shipping to the site; and

		
		  	 •  UL-certification.

		
	Purchase Quantity:	  	180 units of BBACs (the “Equipment”).
		
	Purchase Price:	  	The price of 1 (one) unit of the BBAC (for the avoidance of doubt, excluding the Exclusions set forth above) shall be US$196,880 (one hundred ninety-six thousand eight hundred and eighty US
dollars) excluding VAT or any other taxes.
		
		  	Exclusions will be priced by Bitfury on a cost + markup basis.
		
		  	The total price of the Equipment shall be US$35,438,400 (thirty-five million four hundred thirty-eight thousand four hundred US dollars) excluding Sales Taxes (the “Purchase Price”).
		
		  	Contingency fee in an amount of US$2,636 (two thousand six hundred thirty-six US dollars) per 1 (one) unit of BBAC is included in the Purchase Price to accommodate design and/or material
change during the Equipment manufacturing process. Any unspent contingency fee will accrue to Customer and will be returned within 30 (thirty) days from the final payment of the Purchase Price. Any changes to the Order that exceed the contingency
fee shall be subject to the standard terms provided in the MSSA.
		
	Payment Terms:	  	Customer shall pay the Purchase Price in cleared funds at the time of payment as stated in this Order. Payment shall be made according to the instructions supplied in writing by Bitfury to the account notified by Bitfury in
writing.

			
		  	 a)  10% of the Purchase price in the amount of US$3,543,840 (three million five
hundred forty-three thousand eight hundred and forty US Dollars) shall be paid in advance within 3 (three) business days following execution of this Purchase Order;

		
		  	 b)  50% of the Purchase Price in the amount of US$17,719,200 (seventeen million seven
hundred nineteen thousand and two hundred US Dollars) shall be paid in advance within 15 (fifteen) business days following execution of this Purchase Order;

		
		  	 c)  30% of the Purchase Price in the amount of US$10,631,520 (ten million six hundred thirty-one thousand five hundred and twenty US Dollars) shall be paid within 15 (fifteen) business days following BBAC manufacture and factory testing; and

		
		  	 d)  10% of the Purchase Price in the amount of US$3,543,840 (three million five
hundred forty-three thousand eight hundred and forty US Dollars) shall be paid within 15 (fifteen) business days following completion of Acceptance Act.

 

											
		  	Bitfury shall be entitled to refuse shipment of the Equipment if the Customer fails to pay the Purchase Price in advance. The Purchase Price is non-refundable.
		
	Delivery Terms:	  	The Equipment shall be delivered according to the following schedule:
						
	 	  	Batch	  	Qty	  	 Ready to ship

(without fans)
	  	 Louvers

and filters
 rec’d
	  	 Fans

delivery

		  	1	  	9	  	02.May	  	11.Apr	  	14.Jun
		  	2	  	9	  	09.May	  	11.Apr	  	21.Jun
		  	3	  	9	  	16.May	  	11.Apr	  	28.Jun
		  	4	  	8	  	23.May	  	11.Apr	  	04.Jul
		  	5	  	10	  	30.May	  	25.Apr	  	11.Jul

											
		  	6	  	9	  	6.June	  	25.Apr	  	18.Jul
		  	7	  	9	  	13.Jun	  	25.Apr	  	25.Jul
		  	8	  	9	  	20.Jun	  	25.Apr	  	01.Aug
		  	9	  	9	  	27.Jun	  	9.May	  	08.Aug
		  	10	  	9	  	04.Jul	  	9.May	  	08.Aug
		  	11	  	9	  	11.Jul	  	9.May	  	15.Aug
		  	12	  	9	  	19.Jul	  	9.May	  	15.Aug
		  	13	  	9	  	26.Jul	  	23.May	  	22.Aug
		  	14	  	9	  	01.Aug	  	23.May	  	29.Aug
		  	15	  	9	  	08.Aug	  	23.May	  	05.Sep
		  	16	  	9	  	15.Aug	  	23.May	  	12.Sep
		  	17	  	9	  	22.Aug	  	6.Jun	  	19.Sep
		  	18	  	9	  	29.Aug	  	6.Jun	  	26.Sep
		  	19	  	9	  	05.Sept	  	6.Jun	  	03.Oct
		  	20	  	9	  	12.Sep	  	6.Jun	  	10.Oct
		
		  	Delivery schedule for the Chinese manufactured louvers are included in the above delivery schedule. Should delivery of the louvers get delayed, Cipher will accept installation and testing on site. Updated pricing
excludes labor for louver installation at factory.
		
		  	The Equipment may be delivered without fans/louvers, but they will be outfitted with temporary measures to ensure operability prior to the arrival of fans/louvers.
		
		  	Customer shall notably be responsible for customs clearance of the Equipment, taxes, delivery tracking, deployment, infrastructure and maintenance of the Equipment at its own
expense.

					
		  	Delivery: Tomball, TX, Texas, 77377, USA, EXW Incoterms 2010 terms.
		
	Breach:	  	Without prejudice and in addition to Bitfury’s other remedies prescribed under this Purchase Order, Terms and Conditions or the applicable Law, if the Customer breaches (whether in whole or in part) to timely fulfil
its obligations under Clause “Payment Terms” Bitfury shall be entitled at its sole discretion to:
		
		  	 •   Adjust the Purchase Order and deliver only part of the
Equipment equivalent to the amount paid (if any) by the Customer in accordance with the Payment Terms; or

		
		  	 •   Deliver the Equipment in full to the Customer and request
payment of the full Purchase Price and for this purpose exercise any injunctive relief, specific performance or any other claim or remedy available under applicable Laws; or

		
		  	 •   Terminate this Purchase Order without any liability or
obligation to deliver any Equipment over and above what would be covered by any payment already made by Customer to Bitfury hereunder. In such case, the Purchase Price (or part thereof) which has already been paid to Bitfury shall be non-refundable to the Customer.

		
		  	In the event of Customer’s breach (whether in whole or in part) to timely fulfil its obligations under Clause “Payment Terms”, the Customer shall immediately pay to Bitfury, as penalty of 0.3% of the
delayed payment for each day of delay.
		
	Warranty:	  	Bitfury warrants to the Customer that the BBAC, is free from defects of workmanship and materials, and that under normal use and conditions, it will operate substantially in accordance with, and perform, the
material functions and features as set out in the product description in the Order for a period of one (1) year following delivery. Repair and replacement terms are defined under the relevant Equipment Purchase Agreement.
		
	Terms & Conditions:	  	The terms and conditions of the MSSA and the Equipment Purchase Agreement (Schedule 4) attached thereto dated 26 August 2021 shall apply to this Order. In the event of a conflict between the terms of the
aforementioned MSSA and the terms contained in any equipment purchase agreement or the Orders thereunder, the relevant equipment purchase agreement and the Orders thereunder shall prevail.

			
	Expiry of Offer:	  	This Purchase Order shall remain valid for a period of three days from the date of issuance and all Terms and Conditions shall expire unless this Purchase Order are fully executed by both parties before three days have passed since
the date of issuance.

  

									
	Bitfury USA Inc.	 		 	Cipher Mining Technologies Inc.
					
	Per:	 	/s/ Oleg Blinkov	 		 	Per:	 	/s/ R. Tyler Page
		 	Authorized Signatory	 		 		 	Authorized Signatory
			
	Date: 30 December 2021 | 19:15:48 CET	 		 	Date: 29 December 2021 | 15:04:31 PST

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