SEC Contract Filing

Filing Date: 2025-05-07

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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<DIV><FONT size="1" style="font-size:1pt;color:white">EXCHANGE AGREEMENT This Exchange Agreement (this &#8220;Agreement&#8221;) is made as of the date set forth on the signature pages attached hereto (&#8220;Effective Date&#8221;), by and between Greenidge Generation Holdings Inc., a Delaware corporation (the &#8220;Company&#8221;), and the investor signatory hereto (the &#8220;Investor&#8221;). RECITALS WHEREAS, on or prior to the date hereof, the Investor has acquired certain senior notes of the Company described on the signature page of the Investor attached hereto (the &#8220;Investor Notes&#8221;) issued pursuant to that certain Indenture, dated October 13, 2021 (the &#8220;Base Indenture&#8221;), by and between the Company and Wilmington Savings Fund Society, FSB (the &#8220;Trustee&#8221;) and certain supplemental indentures with respect thereto (the &#8220;Supplemental Indentures&#8221; and, together with the Base Indenture, the &#8220;Indenture&#8221;); and WHEREAS, subject to the terms and conditions set forth herein, the Company and the Investor desire to cancel and retire such aggregate principal amount of the Investor Notes as set forth on the signature page of the Investor attached hereto (the &#8220;Investor Exchange Note Amount&#8221; and, such portion of the Investor Notes being exchanged hereunder, the &#8220;Investor Exchange Note&#8221;) in exchange for the Purchase Price (as defined below) pursuant to this Agreement. NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and in consideration of the promises and the mutual agreements, representations and warranties, provisions and covenants contained herein, the parties hereto, intending to be legally bound hereby, agree as follows: AGREEMENT 1. EXCHANGE. On the date hereof, subject to the terms and conditions of this Agreement, the Investor shall, and the Company shall, exchange the Investor Exchange Note for: 1.1. One Million Nine Hundred Twenty-Five Thousand Dollars and Zero Cents ($1,925,000.00) (the &#8220;Purchase Price&#8221;); and 1.2. On the date hereof, the following transactions shall occur (such transactions in this Section 1, the &#8220;Exchange&#8221;): (a) Upon receipt of the Purchase Price in accordance with Section 1.1 (the &#8220;Payment Date&#8221;), all of the Investor&#8217;s rights under the Investor Exchange Note shall </FONT></DIV>
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<DIV><FONT size="1" style="font-size:1pt;color:white">be extinguished. If the aggregate amount outstanding under the Investor Note is greater than the Investor Exchange Note (such excess amount of the Investor Note, the &#8220;Remaining Investor Note Amount&#8221;), the Investor Note shall as of the Payment Date solely represent the Remaining Investor Note Amount (the &#8220;Investor Remaining Note&#8221;). (b) On or prior to 4:00 p.m., New York City time, on May 16, 2025, the Company shall deliver the Purchase Price by wire transfer to the account set forth on the signature page of the Investor attached hereto (or otherwise delivered by the Investor in writing to the Company on or prior to the date hereof). (c) As soon as reasonably practicable on or after the date the Payment Date, the Company and the Investor shall execute and deliver to the Trustee joint irrevocable instructions, evidencing the Exchange in accordance herewith, the cancellation of the Investor Exchange Note and, if applicable, the creation of a book- entry or certification, as requested in the Trustee Joint Instruction Letter, of the Investor Remaining Note. (d) The Company and the Investor shall execute and/or deliver such other documents and agreements as are customary and reasonably necessary to effectuate the Exchange or as otherwise required by the Indenture. (e) All questions as to the form of all documents and the validity and acceptance of the Investor Exchange Note will be determined by the Company, in its sole discretion, which determination shall be final and binding. Subject to the terms and conditions of this Agreement, the Investor hereby (a) waives any and all other rights with respect to the Investor Exchange Note and (b) releases and discharges the Company and its affiliates and representatives from any and all claims, actions, causes or rights, whether known or unknown, contingent or matured, that the undersigned may now have, or may have in the future, arising out of, or related to, the Investor Exchange Note. 2. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE COMPANY. The Company hereby represents and warrants as of the date hereof to, and covenants with, the Investor as follows: 2.1. Organization and Standing. The Company is validly existing as a corporation in good standing under the laws of Delaware, has full corporate power and authority to own or lease its properties and conduct its business as presently conducted, and is duly qualified as a foreign corporation and in good standing in each jurisdiction in which the character of the property owned or leased or the nature of the business transacted by it makes qualification necessary, except where the failure to be so qualified would not have a Material Adverse Effect (as defined below). As used in this Agreement, &#8220;Material Adverse Effect&#8221; means any material adverse effect on the