XXX MINING FARM JOINT CAPITAL CONSTRUCTION AGREEMENT

 

Contract No.：

 

Part A：

E-mail：

 

Party B：

E-mail：

 

Whereas that Party A has rich power resources and experience in construction, operation and maintenance management of mining farm；Party B owns mining machine resources or has the demands to invest in mining farm projects。After friendly negotiation between the two parties, the following cooperation agreement was reached:

Ⅰ.The overview for subject of co-operation ：

    __________Mining farm，Located_____________，Total load________，Total number of miner seats_________，Estimated construction period________，Cost electricity price________，Estimated hosted price_________；Party A has absolute control of the project.。

Ⅱ.Cooperation matters：

1，Party B participates in Party A’s mining farm construction，Number of purchasing mining seat________，Unit price of mining seat________，Total price of mining seat________，Design power of unit miner seat________，Total load of purchased miner seat________。

2，Party B can store its own mining machines on the purchased miner seat in priority , but the number of machines in operation is limited by the total number of miner seats purchased or the total load. If the miner seat needs to be over-used,it must be negotiated separately.

3，Party B may also entrust the miner seat to Party A for external leasing, and the electricity price shall not be lower than the standard of agreed electricity price in this contract. Party A obtains ____% of Party B’s miner seat revenue as management expenses

4，Party A obtains ____% of Party B’s seat revenue as management expenses

5，Party B gets ____% of the profit of the purchased seats.

6，Dividends will be distributed once every quarter, and within 5 working days after the settlement date, operating profits will be distributed to the designated accounts or encrypted wallet addresses of both parties.

Ⅲ.The rights and obligations of both parties

1，Party A is obliged to sign an electricity use agreement to ensure stable electricity use

2，Party A is obliged to ensure the safety of mining farm assets. In areas that comply with the insurance policy, it shall purchase property insurance for mining farm assets. The insurance fee shall be counted in the operating costs of the mining farm

3，Party A is obliged to afford the job of mining farm construction

4，Party A is obliged to operation and management job of mining farm

5，Party A is obliged to disclose the construction progress and investment details of the mining farm to Party B

6，Party A is obliged to disclose the business data of mining farm operations to Party B

7，Party B is obliged to pay the purchasing cost of the miner seat in time

8，Party A has the right to manage the mining farm and a veto power, and Party A is the owner of the mining farm resources

9，Party B owns the property right of purchased the mining seat

10，Both parties have the right to distribute income

Ⅳ.Liability for breach of contract

1，Party A and Party B shall perform the rights and obligations of each party strictly in accordance with this contract.In case of violation of this contract, the breaching party shall compensate the observing party for all losses caused thereby to the observing party

2，If construction delays, power outages, site and equipment damage caused by force majeure such as natural disasters (floods, mudslides, earthquakes, hurricanes, etc.), policy impacts (national release documents, etc.), wars, political unrest, etc., Party A shall not bear any responsibility.In case of force majeure that cannot be solved for more than 7 days, the contract shall be automatically terminated, and both parties shall not investigate each other's responsibilities.

V.Effectiveness of the contract and others

5.1、。This contract is in duplicate, each party holding one copy, and it will take effect after both parties have signed and sealed it.

5.2、Disputes between the two parties caused by the performance of this contract shall be resolved through friendly negotiation. If negotiation fails, either party can apply to the Hong Kong International Arbitration Center for arbitration. The result of the award shall be final and binding on both parties.

5.3、Matters not covered in this contract shall be resolved through negotiation between the two parties and a supplementary contract shall be signed, which has the same effect as this contract.

 

（No text below,  signed by both parties）

 

Party A                              Party B

Date                                 Date