Document:

EX-10.8.2

 Exhibit 10.8.2 

SETTLEMENT AND RELEASE AGREEMENT 

This SETTLEMENT AND RELEASE AGREEMENT (this “Agreement”) is entered into as of October 9, 2022 (the
“Effective Date”), by and among (i) GRIID Infrastructure LLC, a Delaware limited liability company (“GRIID”), Griid Holdings LLC, a Delaware limited liability company (“Holdings”), and those
additional persons that are joined as a party to that certain Existing Credit Agreement (as defined below) as borrowers and/or guarantor thereunder and as detailed on the signature page hereof (Griid and Holdings together with such additional
persons which are signatories hereto as a GRIID Party, each, a “GRIID Party” and individually and collectively, jointly and severally, the “GRIID Parties”), (ii) each of the lenders identified as a
“Lender” on Annex I attached to the Credit Agreement (together with each of its respective successors and assigns, if any, each a “Lender” and, collectively, the “Lenders”), (iii) Blockchain Access
UK Limited, acting not individually but as agent on behalf of, and for the benefit of, the Lenders and all other Secured Parties (in such capacity, together with its successors and assigns, if any, in such capacity, herein called the
“Agent”), (iv) Blockchain Capital Solutions (US), Inc. (“Blockchain Capital” and together with the Lenders and Agent, the “Blockchain Parties”), and (v) Adit EdTech Acquisition Corp., a
Delaware corporation (“Adit”) and Adit EdTech Sponsor, LLC (“Sponsor” and together with Adit, the “Adit Parties” and, together with the GRIID Parties and the Blockchain Parties, the
“Parties”). 
 RECITALS 

A. Certain of the GRIID Parties, Lenders and Agent are parties to that certain Third Amended and Restated Credit Agreement dated as of
November 19, 2021 (as amended or modified prior to the date hereof, the “Existing Credit Agreement”) and that certain Amended and Restated Guaranty and Security Agreement dated as of November 29, 2021 (as amended or
modified prior to the date hereof “Existing Security Agreement”); 
 B. GRIID and Customer are parties to that certain
Mining Services Agreement dated as of March 21, 2022 (the “Existing Mining Services Agreement” and together with the Existing Credit Agreement, the Existing Security Agreement and the other Loan Documents (as defined in the
Existing Credit Agreement), the “Subject Agreements”); 
 C. Adit and Griid Holdco LLC, the parent of GRIID, are parties to
that certain Agreement and Plan of Merger dated as of November 29, 2021 among Adit, Griid Holdco LLC, ADEX Merger Sub, LLC; 
 D.
Contemporaneously with the execution of this Agreement, the Parties are entering into that certain (i) Fourth Amended and Restated Credit Agreement dated as of the date hereof (the “Amended and Restated Credit Agreement”) that
amends and restates the Existing Credit Agreement, (ii) Second Amended and Restated Guaranty and Security Agreement dated as of the date hereof (the “Amended and Restated Security Agreement”) that amends and restates the
Existing Security Agreement , (iii) Warrant to purchase Class B Units issued by Griid Holdco LLC in favor of Blockchain Access UK Limited dated as of the date hereof (the “Warrant”), and (iv) Amended and Restated Mining
Services Agreement dated as of the date hereof (the “Amended and Restated Mining Services Agreement” and, together with the Amended and Restated Credit Agreement, the Amended and Restated Security Agreement and the Warrant, the
“Transaction Documents”) that amends and restates the Existing Mining Services Agreement; 

 E. In connection with entering into the Transaction Documents, the Parties have agreed to
release each other with respect to claims related to the Existing Credit Agreement and Existing Mining Services Agreement; 
 F. Capitalized
terms used herein and not defined herein shall have the meaning set forth in the Existing Credit Agreement or the Existing Mining Services Agreement, as the case may be; 

NOW, THEREFORE, in consideration of the mutual covenants and agreements herein contained and for other good and valuable consideration, the
parties, intending to be legally bound, hereby covenant and agree as follows: 
 1. Release by the Blockchain Releasing Parties. The
Blockchain Parties, on their own behalf and on behalf of their Affiliates, subsidiaries, successors and assigns (collectively, the “Blockchain Releasing Parties”), do hereby forever, absolutely, unconditionally and irrevocably
release, discharge and acquit the GRIID Parties, and each of their Affiliates, subsidiaries, successors and assigns, and the officers, shareholders, directors, partners, members, managers, employees, parent and subsidiary corporations and
partnerships, predecessors-in-interest, advisors, attorneys and agents of each (collectively with the GRIID Parties, the “GRIID Released Parties”), of
and from any and all claims, demands, obligations, liabilities, indebtedness, breaches of contract, breaches of duty or any relationship, acts, omissions, malfeasance, cause or causes of action, debts, sums of money, accounts, compensations,
contracts, controversies, promises, damages, costs, losses and expenses of every type, kind, nature, description or character and irrespective of how, why or by reason of what facts, whether heretofore or now existing or hereafter discovered, or
which could, might or may be claimed to exist, of whatever kind or name, whether known or unknown, suspected or unsuspected, liquidated or unliquidated, whether at law, equity or in administrative proceedings, whether at common law or pursuant to
federal, state or local statute, each as though fully set forth herein at length, which either one, or any one or more of them, ever had, now have or which, absent the execution and delivery of this Agreement, they could have, resulting from the
existing or past state of things, from the beginning of the world to the end of the day upon which the parties execute this Agreement (collectively, “Claims”) arising from, out of or in connection with any matter relating to the
Subject Agreements (collectively, the “Blockchain Released Claims”); provided, that the GRIID Released Parties shall not be released from their respective obligations under the Transaction Documents. 

2. Release by the GRIID Releasing Parties. The GRIID Parties, on their own behalf and on behalf of their Affiliates, subsidiaries,
successors and assigns (collectively, the “GRIID Releasing Parties”), do hereby forever, absolutely, unconditionally and irrevocably release, discharge and acquit the Blockchain Parties, and each of their Affiliates, subsidiaries,
successors and assigns, and the officers, shareholders, directors, partners, members, managers, employees, parent and subsidiary corporations and partnerships,
predecessors-in-interest, advisors, attorneys and agents of each (collectively with the Blockchain Parties, the “Blockchain Released Parties”), of and
from any and all Claims arising from, out of or in connection with any matter relating to the Subject Agreements (collectively the “GRIID Released Claims”); provided, that the Blockchain Released Parties shall not be released from
their respective obligations under the Transaction Documents. 
 3. Mutual Release by Adit Releasing Parties and Blockchain Releasing
Parties. The Adit Parties, on their own behalf and on behalf of their respective Affiliates, subsidiaries, successors and assigns (collectively, the “Adit Releasing Parties”), do hereby forever, absolutely, unconditionally and
irrevocably release, discharge and acquit the Blockchain Released Parties of and from any and all Claims arising from, out of or in connection with any matter relating to the Subject Agreements (collectively the “Adit Released
Claims”). The Blockchain Parties, on their own behalf and on behalf of the Blockchain Releasing Parties, do hereby forever, absolutely, unconditionally and irrevocably release, discharge and

 
acquit Adit, Sponsor and each of their respective Affiliates, subsidiaries, successors and assigns, and the officers, shareholders, directors, partners, members, managers, employees, parent and
subsidiary corporations and partnerships, predecessors-in-interest, advisors, attorneys and agents of each (collectively with Adit and Sponsor, the “Adit
Released Parties”), of and from any and all Claims arising from, out of or in connection with any matter relating to the Subject Agreements (collectively the “Blockchain Adit Released Claims”). 

4. Other Covenants. 
 (a)
The Blockchain Releasing Parties, hereby (i) agree not to commence any legal proceedings against any of the GRIID Released Parties in respect of the Blockchain Released Claims; and (ii) waive any rights of subrogation, contribution,
reimbursement or similar rights they may have in respect of or relating to the Blockchain Released Claims. 
 (b) The GRIID Releasing
Parties, hereby (i) agree not to commence any legal proceedings against any of the Blockchain Released Parties in respect of the GRIID Released Claims, and (ii) waive any rights of subrogation, contribution, reimbursement or similar rights
they may have in respect of or relating to GRIID Released Claims. 
 (c) The Blockchain Releasing Parties, hereby (i) agree not to
commence any legal proceedings against any of the Adit Released Parties in respect of the Blockchain Adit Released Claims; and (ii) waive any rights of subrogation, contribution, reimbursement or similar rights they may have in respect of or
relating to the Blockchain Adit Released Claims. 
 (d) The Adit Releasing Parties hereby (i) agree not to commence any legal
proceedings against any of the Blockchain Released Parties in respect of the Adit Released Claims, and (ii) waive any rights of subrogation, contribution, reimbursement or similar rights they may have in respect of or relating to Adit Released
Claims. 
 5. Representations. Each of the Parties hereto hereby represents and warrants to the others that (a) it has full
authority to enter into this Agreement upon the terms and conditions hereof, (b) any individual executing this Agreement on its behalf and on behalf of any other Affiliates has the requisite authority to bind it and such Affiliates to this
Agreement, and (c) it is the sole owner of all Claims, no other person or entity has any interest in such Claims, and none of the Claims being released by any of the parties has been assigned to a third party. 

6. Governing Law. The validity, interpretation and enforcement of this Agreement and any dispute arising out of or in connection with
this Agreement, whether sounding in contract, tort or equity or otherwise, shall be governed by the internal laws (as opposed to the conflicts of law provisions other than Sections 5-1401 and 5-1402 of the New York General Obligations Law) and decisions of the State of New York. 
 7.
Submission to Jurisdiction. All disputes between any of the Parties based upon, arising out of, or in any way relating to (a) this Agreement; or (b) any conduct, act or omission of any of the Parties, the Blockchain Released
Parties, or the Griid Released Parties, in each case whether sounding in contract, tort or equity or otherwise, shall be resolved only by state and federal courts located in New York, New York and the courts to which an appeal therefrom may be
taken. 
 8. Headings; Interpretation. The headings of this Agreement are inserted for convenience only and shall not affect the
interpretation hereof. Each party has agreed to the use of the particular language of the provisions of this Agreement, and any question of doubtful interpretation shall not be resolved by any rule providing for interpretation against the party who
causes the uncertainty to exist or against the drafter of this Agreement. 

 9. Amendment; Waiver. This Agreement may be amended modified or restated only by a
written instrument executed by all Parties. A waiver of the breach of any term or condition of this Agreement shall not be deemed to constitute a waiver of any subsequent breach of the same or any other term or condition. 

10. Successors and Assigns. The parties agree that this Agreement shall be binding on, and inure to the benefit of, the parties hereto
and their predecessors, successors and assigns. 
 11. Severability of Provisions. If any provision of this Agreement shall be held
invalid, illegal or unenforceable, the validity, legality or enforceability of the remaining provisions hereof shall not in any way be affected or impaired thereby; except that if Section 1 is determined to be
invalid, illegal or unenforceable then Section 2 shall not be valid or enforceable; if Section 2 is determined to be invalid, illegal or unenforceable then Section 1 shall
not be valid or enforceable. 
 12. Entire Agreement. This Agreement constitutes the entire agreement among the parties pertaining to
the subject matter hereof and supersedes all prior agreements and understandings of the parties in connection therewith. 
 13.
Counterparts. The parties may sign any number of copies of this Agreement. Each signed copy shall be original, but all of them together represent the same agreement. Delivery of an executed counterpart of a signature page to this Agreement by
facsimile transmission shall be effective as delivery of a manually executed counterpart thereof. 
 [Remainder of Page Intentionally Left
Blank; Signature Pages Follow] 

 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the date first above written. 

 

			
	GRIID PARTIES:
	
	GRIID HOLDCO LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	GRIID INFRASTRUCTURE LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and Manager
	
	AVA DATA LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	DATA BLACK RIVER LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	GIB COMPUTE LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and Manager

 [Signature Page to Settlement and Release Agreement] 

 
			
	JACKSON DATA LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	RED DOG TECHNOLOGIES LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and Manager
	
	UNION DATA DINER LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and Manager
	
	BADIN DATA LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	TULLAHOMA DATA LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	RUTLEDGE DEVELOPMENT & DEPLOYMENT LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President

 [Signature Page to Settlement and Release Agreement] 

 
			
	LAFOLLETTE DATA LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and President
	
	GRIID HOLDINGS LLC
		
	By:	 	 /s/ James D. Kelly III

		 	Name: James D. Kelly III
		 	Title: Chief Executive Officer and Managing Member

 [Signature Page to Settlement and Release Agreement] 

 
			
	LENDERS:
	
	BLOCKCHAIN ACCESS UK LIMITED
		
	By:	 	 /s/ Nicolas Cary

	Name: Nicolas Cary
	Title: Director
	
	AGENT:
	
	BLOCKCHAIN ACCESS UK LIMITED
		
	By:	 	 /s/ Nicolas Cary

	Name: Nicolas Cary
	Title: Director
	
	BLOCKCHAIN CAPITAL:
	
	BLOCKCHAIN CAPITAL SOLUTIONS (US) INC.
		
	By:	 	 /s/ Nicolas Cary

	Name: Nicolas Cary
	Title: Director

 [Signature Page to Mutual Settlement and Release Agreement] 

 

 
			
	ADIT:
	
	ADIT EDTECH ACQUISITION CORP.
		
	By:	 	 /s/ David L. Shrier

	Name: David L. Shrier
	Title: Chief Executive Officer
	
	SPONSOR:
	
	ADIT EDTECH SPONSOR, LLC
		
	By:	 	 /s/ David L. Shrier

	Name: David L. Shrier
	Title: Chief Executive Officer

 [Signature Page to Mutual Settlement and Release Agreement]EX-10.10.1

 Exhibit 10.10.1 

AMENDMENT ONE TO THE 

BONANZA MINE SUPPLY AGREEMENT 
 This
AMENDMENT ONE (this “Amendment”) to the Bonanza Mine Supply Agreement between Intel Corporation (“Intel”) and GRIID Infrastructure LLC, on behalf of itself and its Affiliates (“Company”) dated as of September 8,
2021, as may be amended from time to time (the “Agreement”), is entered into and effective as of September 9, 2022 (the “Agreement One Effective Date”). All capitalized terms used in this Amendment but not defined herein
will have the meanings given them in the Agreement, as applicable. 
 WHEREAS Intel and GRIID entered into the Bonanza Mine Supply
Agreement dated as of September 8, 2021 (the “Agreement”) under which Intel has agreed to supply and GRIID is obligated to purchase certain quantities of BZM2, and 

WHEREAS the parties wish to amend the reservation quantity, delivery date and payment terms of the Agreement, among other things, as
stated below. 
 NOW, THEREFORE, in consideration of the mutual covenants herein contained and other good and valuable consideration,
the receipt and sufficiency of which is hereby acknowledged, the parties agree that the Agreement is amended as follows: 
  

	 	1.	 Amendment to Addendum B-1. Addendum B-1 and its accompanying Exhibit 1 are deleted in their entirety and replaced with the Addendum B-1 and Exhibit 1 attached hereto as Exhibit A. 

 

	 	2.	 Binding Purchase Order. Company hereby submits to Intel a binding,
non-cancellable purchase order for [***] units of BZM2 attached hereto in Exhibit 2 to Addendum B-1 simultaneously upon the execution of this Amendment effective on the
Amendment One Effective Date. 

  

	 	3.	 Support. Intel agrees to continue providing technical support and Reference Design Materials to
GRIID consistent with the terms under Addendum D-1 and other relevant provisions in the Agreement. 

  

	 	4.	 Effect of this Amendment. The Agreement shall continue in full force and effect as amended by
this Amendment and any other Amendments, and the Agreement, together with its Amendments, constitute the entire agreement of the parties with respect to the matters set forth herein. There are no other agreements, commitments or understandings among
the parties with respect to the matters set forth herein. In the event of any conflict or inconsistency between the provisions of this Amendment and the provisions of the Agreement, the provisions of this Amendment shall govern and control. From and
after the date hereof, all references to the Agreement shall be deemed to mean the Agreement as amended by this Amendment. 

  
 Page 1 of 6 

 In Witness Whereof, the parties’ authorized representatives have executed this Amendment as of the
last date written below. 
  

									
	INTEL CORPORATION	 		 	GRIID INFRASTRUCTURE LLC
					
	By:	 	 /s/ Jose Rios
	 		 	By:	 	 /s/ James D Kelly

	Name:	 	Jose Rios	 		 	Name:	 	James D Kelly
	Title:	 	VP & GM of Custom Solutions, AXG	 		 	Title:	 	Founder & CEO
	Date:	 	September 13, 2022	 		 	Date:	 	9/12/2022

  
 Page 2 of 6 

 Addendum B-1 

BZM2 ORDERING, PRICING, AND RELATED TERMS 

In the event of a conflict between this Addendum B-1 and Addendum A or the Agreement, the order of precedence shall be
as set forth in Section 5.13 (Order of Precedence) of the Agreement. Capitalized terms will have the meanings given them in the Agreement or Addendum A to the Agreement or in this Addendum B-1. Any terms
defined in this Addendum B-1 are applicable to this Addendum B-1 only and do not apply to the Agreement or other Addenda. 

 

	1.	 Covered Blockchain Accelerators. This Addendum B-1 applies to
the BZM2 Blockchain Accelerators specified in Exhibit 1 to this Addendum B-1 and for which specifications and reference designs are provided in Addenda C-1 and D-1. . 

  

	2.	 BZM2 Supply Reservation and Deposit. 

 

	 	2.1.	 2022 Supply Reservation Quantity (“2022 Reservation Quantity”): [***] units

  

	 	2.2.	 Supply reservation deposit (“Deposit”): $[***] USD due within ten (10) business days from
the Effective Date of this Agreement. The parties acknowledge that the $[***] USD Deposit has been paid in full by Company in September 2021. 

  

	 	2.3.	 Delivery Window for 2022 Reservation Quantity (“Delivery Window”): June 2022 – September
30, 2022 

  

	 	2.4.	 Deposit Credit, Refund and Forfeiture. 

 

	 	2.4.1.	 The Deposit will be applied as a credit to the purchase price of BZM2 for the 2022 Reservation Quantity on
accepted Orders for delivery during the Delivery Window in accordance with the pricing table (with dates and quantities) set forth in Exhibit 1 to this Addendum B-1. 

 

	 	2.4.2.	 Provided Intel has offered Company BZM2 units for delivery during the Delivery Window equal to or greater than
2022 Reservation Quantity by September 30, 2022, Company will forfeit any remaining Deposit balance not credited towards an open Order. The Deposit will be forfeited as of September 30, 2022. 

 

	 	2.5.	 Purchase Commitment. During the Delivery Window, Company is obligated to purchase at least the 2022
Reservation Quantity from Intel. All Orders for the 2022 Reservation Quantity must be placed by or on the Amendment One Effective Date. In addition to the 2022 Reservation Quantity, Company further agrees to purchase additional 1,000,000 units in
the first half of 2023 with dates and quantities set forth in Exhibit 1 to this Addendum B-1 below. 

  

	3.	 SKUs and Pricing. See Exhibit 1 of this Addendum 

  
 Page 3 of 6 

	4.	 Ordering. 

  

	 	4.1.	 Purchase Orders. Company shall place non-cancellable Orders
according to the dates and quantities set forth in Exhibit 1 to this Addendum B-1. Intel will respond to Company’s Order with an Order Acknowledgement. Each Order is subject to the terms of this
Agreement, in particular Addendum A (Terms and Conditions of Sale for Bonanza Mine), and will specify the quantity, price, and shipment instructions. 

  

	 	4.2.	 Delivery and Quantities. Delivery dates and quantity availability, as described in Intel’s Order
Acknowledgement, are an essential part of each Order, and Intel will make reasonable efforts to deliver the BZM2 units in accordance with the agreed dates, subject to Intel’s suppliers’ available capacity and manufacturing yield.

  

	5.	 Payment. 

  

	 	5.1.	 Company Information. Company will provide customary financial information to Intel for the purposes of
setting up a direct purchase account and completing a credit check. 

  

	 	5.2.	 Payment. Other than with respect to the [***] units purchased in June 2022 (which have been fully paid
and shipped by Intel), full payment to Intel for each Order acknowledged will be due 10 days prior to Intel’s shipment date (“Ship Date”) as set forth in the table in Exhibit 1 of this Addendum
B-1. If Company does not pay by the due date (“Due Date”) set forth in the table, Intel will hold shipment until payment is received. If payment is not received within 30 days of the Due Date, Intel
reserves the right to cancel the Order in its entirety without refund to Company and Company’s default will be considered a material breach of the Agreement for which Intel may immediately terminate the Agreement. 

 

	 	5.3.	 Intel Banking Information for Payments 

Bank Account information for payment is listed below and is applicable to electronic transactions only. Intel may change the payment
instructions with advanced written notice. Company must comply with the conditions contained in the Intel Corporation Money Laundering Prevention Policy (as provided to you from
time-to-time by Intel). Intel may refuse to accept forms of payment mentioned as unacceptable in that policy. 

INTEL CORPORATION 
 [***] 

  
 Page 4 of 6 

 Exhibit 1 to Addendum B-1 

BZM2 Price List 
 The pricing and
application of the Deposit is set forth in the table below. For the avoidance of doubt, the [***] units purchased in June 2022 has been fully paid by Company and shipped by Intel. In addition to the two existing orders totaling [***] units, Company
hereby places a non-cancellable Order for additional [***] units to meet the 2022 Reservation Quantity effective on the Amendment One Effective Date. Company further agrees to purchase additional
[***] units in the first half of 2023 with dates and quantities as set forth in the table below. 
 [***] 

Specifications for each of the BZM2 SKUs included in this Exhibit 1 are specified in Addendum C-1to the Agreement.

  
 Page 5 of 6 

 Exhibit 2 to Addendum B-1 

Purchase Order 

  
 Page 6 of 6

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