SEC Contract Filing

Filing Date: 2020-02-06

Document Content:
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<TYPE>EX-10.2
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<FILENAME>ex10_2.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of January 31, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Amer Tadayon (the
&ldquo;<U>Employee</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
immediately prior to the effectiveness of this Agreement, Employee was an</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">employee of
P2K Labs, Inc., a Nevada corporation (&ldquo;<U>P2K</U>&rdquo;);</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
pursuant to, and in accordance with, that certain Stock Purchase Agreement, dated as of January 31, 2020 (the &ldquo;<U>Purchase
Agreement</U>&rdquo;), by and among the Company, P2K, and its sole stockholder, the Company shall on the Closing Date (as defined
in the Purchase Agreement), purchase all of the issued and outstanding shares of P2K&rsquo;s common stock, and as a result of such
transaction, P2K will be a wholly-owned subsidiary of the Company;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the execution and delivery of this Agreement is a condition precedent to the consummation of the transactions contemplated by the
Purchase Agreement (collectively, the &ldquo;<U>Acquisition</U>&rdquo;), and the Employee desires to enter into this Agreement,
to be effective as of the Effective Date, which sets forth the terms and conditions of the Employee&rsquo;s employment with the
Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rd