SEC Contract Filing

Filing Date: 2024-07-03

Document Content:
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<TYPE>EX-10.1
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<FILENAME>ea020897101ex10-1_btcdigital.htm
<DESCRIPTION>THE ACQUISITION AGREEMENT AMONG METEN SERVICE USA CORP., BTC DIGITAL LTD. AND MINE CRYPTO PRO INC., DATED JUNE 28, 2024
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<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin-top: 0; margin-bottom: 0"><B>Exhibit 10.1</B></P>

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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0; font-size: 1px; color: White">MEMBERSHIP INTEREST PURCHASE AGREEMENT by and among MINE CRYPTO PRO INC., and METEN SERVICE USA CORP., and BTC DIGITAL LTD. da t ed as of June 28, 2024</P>

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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0; font-size: 1px; color: White">MEMBERSHIP INTEREST PURCHASE AGREEMENT Th i s Membersh ip In t eres t Purchase A g reemen t (t h i s "A g reemen t"), da t ed as o f J une 28 , 2024 , i s en t ered i n t o b y and amon g MINE CRYPTO PRO INC . , a Texas co rp ora ti on w it h an address a t 2900 Wesla y an S t ree t, Su it e 415 , Hous t on, Texas 77027 ("Seller" ) , METEN SERVICE USA CORP . , a Ca lifo rn i a co rp ora ti on w it h an address a t 300 S p ec t rum Cen t er Dr i ve, Su it e 400 , Irv i ne, CA 92618 ("Bu y er" ) , and BTC DIGITAL, LTD . ("Paren t"), a Ca y man Islands com p an y w it h an address a t Cr i cke t S q uare, Hu t ch i ns Dr i ve, PO Box 2681 , Grand Ca y man KY 1 - 1111 , Ca y man Islands . RECITALS WHEREAS, Seller owns all o f t he i ssued and ou t s t and i n g membersh ip i n t eres t s (t he "Membersh ip In t eres t s") i n Quench Da t a LLC, an Arkansas l i m it ed li ab i l ity com p an y (t he WHEREAS, Seller w i shes t o sell t o Bu y er, and Bu y er w i shes t o p urchase kom Seller, t he Membersh ip In t eres t s, sub j ec t t o t he t erms and cond iti ons se t fort h here i n ; and WHEREAS, Paren t owns all o f t he i ssued and ou t s t and i n g s t ock o f Bu y e r. NOW, THEREFORE, i n cons i dera ti on o f t he mu tu al covenan t s and a g reemen t s here i naf&#236;er se t fort h and fo r o t her g ood and valuable cons i dera ti on, t he rece ipt and su ffi c i enc y o f wh i ch are hereb y acknowled g ed, t he p a rti es here t o a g ree as fo llows : ARTICLE I PURCHASE AND SALE Sec ti on 1 . 01 Purchase and Sale . Sub j ec t t o t he t erms and cond iti ons se t fort h here i n, a t t he Clos i ng (as de fi ned i n ARTICLE II), Seller shall sell t o Buyer, and Buyer shall purchase fiom Seller, t he Membersh ip In t eres t s, fiee and clear o f an y mo rtg a g e, p led g e, li en, char g e, secur ity i n t eres t, cla i m, commun ity p ro p e rty i n t eres t, o pti on, equ it able i n t eres t, res t r i c ti on o f an y k i nd (i nclud i n g an y res t r i c ti on on use, vo ti n g, t rans fe r, rece ipt o f i ncome, or exerc i se o f an y o t her ownersh ip a tt r i bu t e), or o t her encumbrance (each, an "Encumbrance"), fo r t he cons i dera ti on s p ec ifi ed i n Sec ti on 1 . 02 . Sec ti on 1 . 02 Purchase Pr ic e . The a gg re g a t e p urchase p r i ce fo r t he Membersh ip In t eres t s shall be $ 1 , 990 , 000 (t he "Purchase Pr i ce") . The Purchase Pr i ce w i ll be del i vered b y Bu y er t o Seller as fo llows : (a) Bu y er w i ll p a y t o Seller, b y w i re o f i mmed i a t el y ava i lable L nds, $1,530,000, wh i ch ma y be p a i d i n cash or USDT t o t he bank accoun t or t he walle t address se t fort h on Schedule 1.02 &#1398; &#709;&#714; (b) Paren t w i ll i ssue t o Seller, su&#7906;jec t t o a lock - u p p er i od o f s i x ( 6 ) mon t hs fiom t he Clos i n g Da t e (de fi ned below), t he number o f s t ock o f t he Paren t (t he "Paren t S t ock") equal t o t he quo ti en t o f $ 360 , 000 d i v i ded b y t he avera g e p er share clos i n g p r i ce o f t he Paren t S t ock re p o rt ed on t he NASDAQ marke t fo r t he t en ( 10 ) t rad i n g da y s p r i or t o t he Clos i ng Da t e . 2</P>

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<P STYLE="text-align: center; margin-top: 0; margin-bottom: 0; font-size: 1px; color: White">(c) The Purchase Pr i ce, less t he Holdback Paymen t (de fi ned below), shall be due and p a y able b y Bu y er and Paren t t o Seller on or be fo re t he 7 t h bus i ness da y a ft er t he da t e o f t h i s A g reemen t (t he "Clos i n g Da t e") s o lon g as Seller has (i) de li vered and i ns t alled c rypt o m i n i n g equ ip men t li s t ed on &#3302; attached here t o and (ii) Seller has es t ab li shed elec t r i cal p ower, wa t er and i n t erne t access (sub j ec t t o Bu y er p a yi n g an y requ i red p a y men t/ de p os it t o t he elec t r i c, wa t er and i n t erne t serv i ce p rov i ders) a t t he fa c ility loca t ed