Mining Entrusted Agreement
Cryptocurrency Miners Entrusted Agreement (hereinafter referred to “Agreement”) is made and entered into by and between
1) HashMax a company with its principal place of business in Longxiang Avenue, Longgang District, Shenzhen City, Guangdong Province, China, and represented by CEO Tian Li (Livia Tian) (hereinafter referred to “Party A”) and
2) _______________ (hereinafter referred to “Party B” as the service receiver).
HashMax and _______________ are referred to individually as a “Party” and collectively as the “Parties”.
Cryptocurrency miners are referred to as “entrusted goods”.
Article 1 (Purpose)
1) Party A shall provide all facilities to the consigned entrusted goods of Party B including the buildings, places, water supply, and the Internet without restrictions to ensure all entrusted goods of party B will be operated normally and take all legal responsibilities for the preservation.
2) Party B shall confirm with its signature that Party B has reached the age of majority and is legally competent. Party B shall make payments for the consignment services under clause 1 above to Party A as follows:
Article 2 (Details of Entrusted Goods)
1) Model name, units, power consumption per unit, monthly electricity & hosting charge, and the amount of prepaid deposit.
a) Model: ______________ Units:______________ Watt: _________
Electricity & Hosting Fee: ____________________________________ USD/ kWh
Duration: ___________________________ to ____________________________
Prepaid electricity fee: _________________ USD for ________________ months
2) Total Power consumption of entrusted goods:_________W
Article 3 (Service Fee and Payment Methods)
1) Party B shall make payments for the Total Service Fee and the Shipping Fee of the entrusted goods to Party A which shall be responsible for all obligations of Party B incurred to Party A thereto including all national and regional taxes and Party B shall be released of such obligations.
2) A one-month electricity fee shall be prepaid as a deposit if Party B chooses the miner loan and hosting service provided by Party A.
3) Party A shall provide an invoice for monthly electricity bill by email within the first three days of each month, and Party B shall pay for bank charges including money exchange charges and transfer fees. If a loan contract is being fulfilled by Party B at the same time, the monthly electricity bill will be issued together with the interest bill, and Party B shall complete the payments on the interest payment date.
4) Both parties shall agree on the due date which shall be 7 days after the invoice has been provided in consideration of the currency and payment terms.
5) Party A shall not claim any additional charge other than those agreed by both parties in any title, and the amount under this Agreement shall not be charged during the term of this Agreement.
6) Amount due on the invoice shall be calculated in USD.
7) Payments shall be done via Bitcoin.
Article 4 (Contract Term)
This Agreement shall be effective from the starting date of hosting the first batch of entrusted goods to the last day of the latest batch and may be adjusted by an agreement of both parties in the event of natural disasters, laws of the applicable countries, or addition of new entrusted goods.
Article 5 (Rights and Obligations of Party A)
1) All facilities and equipment, other than the entrusted goods and power supply units of Party B, shall be owned and divest in Party A exclusively and Party B shall not claim any title or ownership of them.
2) Party A shall comply with all laws of the operating country in operating the entrusted goods of Party B under any circumstances.
3) In operating entrusted goods of Party B, Party A shall be responsible for 24-hour operation, monitoring the normal operation for Party B, but shall not give any guarantees for a specific mining performance or a specific mining yield.
4) Party A shall keep the power line/ power socket, internet line, ventilation system, dust prevention equipment, cabinet, broadband, suction fans, and other systems for operation and custody of the items as good conditions to ensure the advanced power supply units required for the operation of the entrusted goods are operated and maintained.
5) If any problem of entrusted goods is found, and should there be any cost due to resolving the problem, including but not limited to repairing fee and transportation fee, Party A shall inform Party B immediately and provide the related invoice if required.
6) Party A shall inform Party B of power failure or internet line disconnection for the understanding of Party B. In addition, if such power failure or disconnection continues more than 7 days consecutively, Party B may terminate this agreement.
7) If the use of the items is difficult or impossible due to willful misconduct or negligence of Party A including fire, theft, loss or intentional damages, Party A shall compensate damages as follows (Entrusted goods mechanical failure of its own due to any reason including the defection of hash boards, Power Supply Units, and motherboards, will not be compensated):
a. Entrusted goods that have been operated and mined for less than 1/3 of the contract duration, Party A shall compensate the full price of the entrusted goods on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods.
b. Entrusted goods that have been operated and mining for more than 1/3 of the contract duration and less than 2/3 of the contract duration, Party A shall compensate the damages equivalent to 40% of the price on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods or both Parties may come up with a new price with relevant facts or proofs to support their claim for the price after negotiation.
c. Entrusted goods that have been operated and mining for more than 2/3 of the contract duration, Party A shall compensate the damages equivalent to 20% of the price on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods or both Parties may come up with a new price with relevant facts or proofs to support their claim for the price after negotiation.
8) If Party B fails to pay the service fee for more than 1 week after last due date, Party A shall inform Party B of any delayed payment or suspension of operation due to such failure by e-mail and have the obligation to suspend operation and ownership of entrusted goods will be transferred to Party A automatically if the payment is refused within 3 days after Part B receives the notice.
9) Party A may relocate the entrusted goods to another Party A’s hosting facility for behalf of Party B due to reasons including unstable electricity power, failure of the power generator, and many others.
10) Party A shall not charge hosting fee to Party B the days the entrusted miners were off except for when entrusted goods were powered on but not online due to miner mechanical problems.
Article 6 (Rights and Obligations of Party B)
1) Entrusted goods that Party B consigned to Party A (excluding entrusted goods that are loaned by Party A) shall be exclusively owned by and vest in Party B, and Party A shall not claim any title or ownership of the entrusted goods unless payment is late more than 1 week after the last due date. (Article 5 #9).
2) For miner loan and hosting service, only when the loan contract is completely fulfilled shall Party B claim the ownership of entrusted goods loaned by Party A.
3) Party B may withdraw or cancel this Agreement immediately when the operating place, operation method and others of Party A’s are being intervened by the government.
4) Party B shall cooperate with Party A for any change in the policy of the country where the business under this Agreement is operated after the execution of this Agreement, may prepare the next alternative if such change causes significant problems in the operation, and changes this Agreement by agreement of both parties.
5) Any additional items to be consigned by Party B during the term of this Agreement shall apply mutatis mutandis to this Agreement.
6) Party B may inspect the operating conditions of the entrusted goods and monitor the operation of miners during the term of this Agreement.
7) Party B shall be provided with a dashboard or register a dashboard account itself. The registration is done via email address and password. Party B may monitor the status of entrusted goods and other information in its dashboard and shall be fully responsible for all activities and events that occur after logging in to the system with this group of accounts and passwords.
8) The profits issued in operating from the entrusted goods shall be entirely owned by Party B, and shall be directly sent to Party B’s wallet. Party A shall not pay or assume any liability for and on behalf of Party B’s, and Party A shall not make any objection.
9) Party B shall make payments to the bank or wallet address designated by Party A or directly to the Party A after agreement with Party A, and if necessary, receive the documents of evidence thereto.
10) Party B shall not interfere with or prevent Party A’s operation or service that is not related to Party B.
11) Party B may claim the entrusted goods to be sent to Party B’s address, and pay the handling and shipping fees after the contract is fulfilled and canceled by Party B by email.
12) Party B shall be responsible for its loss due to personal mistakes by Party B including but not limited to inaccurate information provided to Party A, personal pool setting, wallet password lost, disclosure of information of personal information and others.
13) Party B has the right to turn off the entrusted goods during the agreement term only when entrusted goods are making a loss.
14) Party B has the right to transfer this agreement including its ownership of entrusted goods to a third party. Upon such a situation Party B shall notify Party A by email no less than 30 days prior to the effective date of the event.
15) Payment for monthly electricity bill made after the due date will be considered as delayed, and Party B is responsible for the delayed charge which equals 0.5% of the Total Service Fee of the month (30 days on average), incurred for each day that has been delayed in the month.
16) Case of Article 6 #12, Party B shall be given 10 days to decide whether to continue hosting entrusted goods with Party A. If the decision is not made after 10 days, Party B shall pay 0.5USD per unit a day to keep the miners at the facility to Party A or claim the entrusted goods to be sent to Party B’s address at its expense.
Article 7 (Termination)
1) Party B shall not move out the entrusted goods and terminate during the contract term, if do so, Party B shall pay off the amount owed (if it chooses the miner loan and hosting service) and pay 0.5% of the Total Service Fee of the month as compensation to Party A and pay for its own handling and shipping cost.
2) For cases of Article 5 #6 and Article 6 #12, Party B has the right to terminate the contract.
Article 8 (Confidentiality)
1) Party A shall have the right to collect, process and store personal information of Party B including but not limited to Party B’s name, address, and contact details for the purpose of timely notifications and the execution of this agreement.
2) Party B’s personal information shall not be disclosed to any third party by Party A without legal reasons or prior permission from Party B.
3) Any information of this Entrusted Agreement shall be kept confidential between the Parties, and not to be leaked/disclosed to any other third party or public. Violation of this confidentiality shall be treated strictly, and apply to Article 9 Dispute.
Article 9 (Dispute)
Any dispute arising from or related with this Agreement or the main subject matter of compensating damage or loss hereto shall be, first and as in priority, resolved amicably between parties and, if an agreement is not reached, succumb to and be resolved by the competent court at the People’s Republic of China.
In Witness Whereof, both parties have caused to execute this Agreement in duplicates by duly authorized representatives and keep each copy after signing/ sealing.
For and on behalf of Party A, HashMax
By;
Name:
Title:
Date:
For and on behalf of Party B, _____________
By;
Name:
Title:
Date:
Miner Loan Agreement
Cryptocurrency Miners Loan Agreement (“Agreement”) dated __________________________, is made and entered into by and between:
Lender: HashMax a company with its principal place of business in Longxiang Avenue, Longgang District, Shenzhen City, Guangdong Province, China, and represented by CEO Tian Li (Livia Tian) (hereafter referred to “Party A”) and Borrower: __________________ (hereafter referred to “Party B”).
The amount of loan is referred to as “Principal”.
Remaining loan Borrower owes is referred to as “Amount Owed” and the Lender and Borrower (“Parties”) agree to the following:
Article 1 (Purpose)
1) In consideration of Party B’s credibility, Party A agrees to loan an amount of Bitcoin for Party B which purchases cryptocurrency mining hardware (“Entrusted Goods”) from Party A and consigns them to Party A’s facility.
2) Party B promises to take out a loan with HashMax and consign the Entrusted Goods to Party A’s facility. Party B shall make payments for both the loan service and the hosting service.
Article 2 (Details of Entrusted Goods)
1) Model name, units, power consumption per unit, monthly electricity & hosting charge, deposit for the first month.
Model: ___________________ Units: _____________ Watt: _____________
Total Miner Fee: _________ USD Electricity & Hosting Fee: _______ USD/kWh
First month deposit amount: _____________________________________ USD
Prepaid electricity fee: ________________ USD for ________________ months
Duration: ___________________________ to ___________________________
Article 3 (Details of Principal, Down Payment and Amount Owed)
1) At the time of this Agreement, Party A promises to loan ______________ BTC (Principal) which equals ______________ USD to Party B.
2) Party B shall make a Down Payment of ______________ BTC (50% of the Principal) and repay ______________ BTC (Amount Owed) to Party A in ______________ (Due Date) , with monthly interest payable on the Principal.
3) The Down Payment can be made via Bitcoin, Tether, USD, CNY, KRW and THB, whilst the Amount Owed can be paid via BTC only.
4) Delay of repayment:
a. No partial or delayed repayment of Amount Owed shall be allowed, but Party B may prepay the Amount Owed without penalty.
b. The partial or delayed repayment will result in the temporarily suspended operation of the Entrusted Goods. Party A shall send a notification email informing Party B to complete the repayment within 3 days after the Due Date. If no payment is received within this 3-day extension, this Agreement shall be in default.
Article 4 (Interest Payment)
1) The Amount Owed shall bear interest at a rate of 3.33% compounded monthly.
2) Party B shall repay Party A on a monthly basis beginning on ______________, in the amount of ______________ USD to be paid on the ______________ of every month ending on ______________.
3) The Interest payment can be made via Bitcoin, Tether, USD, CNY, KRW and THB.
4) Delay of interest payment:
a. Party B will be given a 3-day extension after the Due Date of each month to complete the interest payment, without any penalty.
b. The operation of the Entrusted Goods will be suspended and Party B shall pay a delayed charge which equals 0.068% of the due amount for each interest that remains unpaid within another 5 days after the 3-day extension ends. The delayed fee shall be charged on a daily basis, and the entrusted goods shall not be put online until the interest payment is completed.
c. If any interest payment obligation is not paid within the 5-day extension after its Due Date, the remaining unpaid balance and any accrued interest shall become due immediately at the option of Party A.
Article 5 (Default)
If for any reason Party B should not oblige to any section or portion of this Agreement, Party B shall be considered in default. Under such an event, the remaining balance of the Amount Owed shall be due within five 5 business days with Party B liable to pay all reasonable attorney’s fees and costs of collection of the Party A. In addition, Party A may reclaim entrusted goods in connection with the Amount Owed, hold and dispose of the same, and collect expenses, together with any deficiency due from Party B, subject to the Party B’s right to redeem said items pursuant to law.
Article 6 (Confidentiality)
1) Party A shall have the right to collect, process and store personal information of Party B including but not limited to Party B’s name, address and contact details for the purpose of timely notifications and the execution of this agreement.
2) Party B’s personal information shall not be disclosed to any third party by Party A without legal reasons or prior permission from Party B.
3) Any information of this Entrusted Agreement shall be kept confidential between the Parties, and not to be leaked/disclosed to any other third party or public. Violation of this confidentiality shall be treated strictly, and apply to Article 7 Dispute.
Article 7 (Dispute)
Any dispute arising from or related with this Agreement or the main subject matter of compensating damage or loss hereto shall be, first and as in priority, resolved amicably between parties and, if an agreement is not reached, succumb to and be resolved by the competent court at the People’s Republic of China.
In Witness Whereof, both parties have caused to execute this Agreement in duplicates by duly authorized representatives and keep each copy after signing/ sealing.
For and on behalf of Party A, HashMax
By;
Name:
Title:
Date:
For and on behalf of Party B, __________________
By;
Name:
Title:
Date:
Mining Entrusted Agreement
Cryptocurrency Miners Entrusted Agreement (hereinafter referred to “Agreement”) is made and entered into by and between
1) HashMax a company with its principal place of business in Longxiang Avenue, Longgang District, Shenzhen City, Guangdong Province, China, and represented by CEO Tian Li (Livia Tian) (hereinafter referred to “Party A”) and
2) _______________ (hereinafter referred to “Party B” as the service receiver).
HashMax and _______________ are referred to individually as a “Party” and collectively as the “Parties”.
Cryptocurrency miners are referred to as “entrusted goods”.
Article 1 (Purpose)
1) Party A shall provide all facilities to the consigned entrusted goods of Party B including the buildings, places, water supply, and the Internet without restrictions to ensure all entrusted goods of party B will be operated normally and take all legal responsibilities for the preservation.
2) Party B shall confirm with its signature that Party B has reached the age of majority and is legally competent. Party B shall make payments for the consignment services under clause 1 above to Party A as follows:
Article 2 (Details of Entrusted Goods)
1) Model name, units, power consumption per unit, monthly electricity & hosting charge, and the amount of prepaid deposit.
a) Model: ______________ Units:______________ Watt: _________
Electricity & Hosting Fee: ____________________________________ USD/ kWh
Duration: ___________________________ to ____________________________
Prepaid electricity fee: _________________ USD for ________________ months
2) Total Power consumption of entrusted goods:_________W
Article 3 (Service Fee and Payment Methods)
1) Party B shall make payments for the Total Service Fee and the Shipping Fee of the entrusted goods to Party A which shall be responsible for all obligations of Party B incurred to Party A thereto including all national and regional taxes and Party B shall be released of such obligations.
2) A one-month electricity fee shall be prepaid as a deposit if Party B chooses the miner loan and hosting service provided by Party A.
3) Party A shall provide an invoice for monthly electricity bill by email within the first three days of each month, and Party B shall pay for bank charges including money exchange charges and transfer fees. If a loan contract is being fulfilled by Party B at the same time, the monthly electricity bill will be issued together with the interest bill, and Party B shall complete the payments on the interest payment date.
4) Both parties shall agree on the due date which shall be 7 days after the invoice has been provided in consideration of the currency and payment terms.
5) Party A shall not claim any additional charge other than those agreed by both parties in any title, and the amount under this Agreement shall not be charged during the term of this Agreement.
6) Amount due on the invoice shall be calculated in USD.
7) Payments shall be done via Bitcoin.
Article 4 (Contract Term)
This Agreement shall be effective from the starting date of hosting the first batch of entrusted goods to the last day of the latest batch and may be adjusted by an agreement of both parties in the event of natural disasters, laws of the applicable countries, or addition of new entrusted goods.
Article 5 (Rights and Obligations of Party A)
1) All facilities and equipment, other than the entrusted goods and power supply units of Party B, shall be owned and divest in Party A exclusively and Party B shall not claim any title or ownership of them.
2) Party A shall comply with all laws of the operating country in operating the entrusted goods of Party B under any circumstances.
3) In operating entrusted goods of Party B, Party A shall be responsible for 24-hour operation, monitoring the normal operation for Party B, but shall not give any guarantees for a specific mining performance or a specific mining yield.
4) Party A shall keep the power line/ power socket, internet line, ventilation system, dust prevention equipment, cabinet, broadband, suction fans, and other systems for operation and custody of the items as good conditions to ensure the advanced power supply units required for the operation of the entrusted goods are operated and maintained.
5) If any problem of entrusted goods is found, and should there be any cost due to resolving the problem, including but not limited to repairing fee and transportation fee, Party A shall inform Party B immediately and provide the related invoice if required.
6) Party A shall inform Party B of power failure or internet line disconnection for the understanding of Party B. In addition, if such power failure or disconnection continues more than 7 days consecutively, Party B may terminate this agreement.
7) If the use of the items is difficult or impossible due to willful misconduct or negligence of Party A including fire, theft, loss or intentional damages, Party A shall compensate damages as follows (Entrusted goods mechanical failure of its own due to any reason including the defection of hash boards, Power Supply Units, and motherboards, will not be compensated):
a. Entrusted goods that have been operated and mined for less than 1/3 of the contract duration, Party A shall compensate the full price of the entrusted goods on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods.
b. Entrusted goods that have been operated and mining for more than 1/3 of the contract duration and less than 2/3 of the contract duration, Party A shall compensate the damages equivalent to 40% of the price on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods or both Parties may come up with a new price with relevant facts or proofs to support their claim for the price after negotiation.
c. Entrusted goods that have been operated and mining for more than 2/3 of the contract duration, Party A shall compensate the damages equivalent to 20% of the price on the day it was damaged, and the price will be based on the actual purchased price of the entrusted goods or both Parties may come up with a new price with relevant facts or proofs to support their claim for the price after negotiation.
8) If Party B fails to pay the service fee for more than 1 week after last due date, Party A shall inform Party B of any delayed payment or suspension of operation due to such failure by e-mail and have the obligation to suspend operation and ownership of entrusted goods will be transferred to Party A automatically if the payment is refused within 3 days after Part B receives the notice.
9) Party A may relocate the entrusted goods to another Party A’s hosting facility for behalf of Party B due to reasons including unstable electricity power, failure of the power generator, and many others.
10) Party A shall not charge hosting fee to Party B the days the entrusted miners were off except for when entrusted goods were powered on but not online due to miner mechanical problems.
Article 6 (Rights and Obligations of Party B)
1) Entrusted goods that Party B consigned to Party A (excluding entrusted goods that are loaned by Party A) shall be exclusively owned by and vest in Party B, and Party A shall not claim any title or ownership of the entrusted goods unless payment is late more than 1 week after the last due date. (Article 5 #9).
2) For miner loan and hosting service, only when the loan contract is completely fulfilled shall Party B claim the ownership of entrusted goods loaned by Party A.
3) Party B may withdraw or cancel this Agreement immediately when the operating place, operation method and others of Party A’s are being intervened by the government.
4) Party B shall cooperate with Party A for any change in the policy of the country where the business under this Agreement is operated after the execution of this Agreement, may prepare the next alternative if such change causes significant problems in the operation, and changes this Agreement by agreement of both parties.
5) Any additional items to be consigned by Party B during the term of this Agreement shall apply mutatis mutandis to this Agreement.
6) Party B may inspect the operating conditions of the entrusted goods and monitor the operation of miners during the term of this Agreement.
7) Party B shall be provided with a dashboard or register a dashboard account itself. The registration is done via email address and password. Party B may monitor the status of entrusted goods and other information in its dashboard and shall be fully responsible for all activities and events that occur after logging in to the system with this group of accounts and passwords.
8) The profits issued in operating from the entrusted goods shall be entirely owned by Party B, and shall be directly sent to Party B’s wallet. Party A shall not pay or assume any liability for and on behalf of Party B’s, and Party A shall not make any objection.
9) Party B shall make payments to the bank or wallet address designated by Party A or directly to the Party A after agreement with Party A, and if necessary, receive the documents of evidence thereto.
10) Party B shall not interfere with or prevent Party A’s operation or service that is not related to Party B.
11) Party B may claim the entrusted goods to be sent to Party B’s address, and pay the handling and shipping fees after the contract is fulfilled and canceled by Party B by email.
12) Party B shall be responsible for its loss due to personal mistakes by Party B including but not limited to inaccurate information provided to Party A, personal pool setting, wallet password lost, disclosure of information of personal information and others.
13) Party B has the right to turn off the entrusted goods during the agreement term only when entrusted goods are making a loss.
14) Party B has the right to transfer this agreement including its ownership of entrusted goods to a third party. Upon such a situation Party B shall notify Party A by email no less than 30 days prior to the effective date of the event.
15) Payment for monthly electricity bill made after the due date will be considered as delayed, and Party B is responsible for the delayed charge which equals 0.5% of the Total Service Fee of the month (30 days on average), incurred for each day that has been delayed in the month.
16) Case of Article 6 #12, Party B shall be given 10 days to decide whether to continue hosting entrusted goods with Party A. If the decision is not made after 10 days, Party B shall pay 0.5USD per unit a day to keep the miners at the facility to Party A or claim the entrusted goods to be sent to Party B’s address at its expense.
Article 7 (Termination)
1) Party B shall not move out the entrusted goods and terminate during the contract term, if do so, Party B shall pay off the amount owed (if it chooses the miner loan and hosting service) and pay 0.5% of the Total Service Fee of the month as compensation to Party A and pay for its own handling and shipping cost.
2) For cases of Article 5 #6 and Article 6 #12, Party B has the right to terminate the contract.
Article 8 (Confidentiality)
1) Party A shall have the right to collect, process and store personal information of Party B including but not limited to Party B’s name, address, and contact details for the purpose of timely notifications and the execution of this agreement.
2) Party B’s personal information shall not be disclosed to any third party by Party A without legal reasons or prior permission from Party B.
3) Any information of this Entrusted Agreement shall be kept confidential between the Parties, and not to be leaked/disclosed to any other third party or public. Violation of this confidentiality shall be treated strictly, and apply to Article 9 Dispute.
Article 9 (Dispute)
Any dispute arising from or related with this Agreement or the main subject matter of compensating damage or loss hereto shall be, first and as in priority, resolved amicably between parties and, if an agreement is not reached, succumb to and be resolved by the competent court at the People’s Republic of China.
In Witness Whereof, both parties have caused to execute this Agreement in duplicates by duly authorized representatives and keep each copy after signing/ sealing.
For and on behalf of Party A, HashMax
By;
Name:
Title:
Date:
For and on behalf of Party B, _____________
By;
Name:
Title:
Date:
Miner Loan Agreement
Cryptocurrency Miners Loan Agreement (“Agreement”) dated __________________________, is made and entered into by and between:
Lender: HashMax a company with its principal place of business in Longxiang Avenue, Longgang District, Shenzhen City, Guangdong Province, China, and represented by CEO Tian Li (Livia Tian) (hereafter referred to “Party A”) and Borrower: __________________ (hereafter referred to “Party B”).
The amount of loan is referred to as “Principal”.
Remaining loan Borrower owes is referred to as “Amount Owed” and the Lender and Borrower (“Parties”) agree to the following:
Article 1 (Purpose)
1) In consideration of Party B’s credibility, Party A agrees to loan an amount of Bitcoin for Party B which purchases cryptocurrency mining hardware (“Entrusted Goods”) from Party A and consigns them to Party A’s facility.
2) Party B promises to take out a loan with HashMax and consign the Entrusted Goods to Party A’s facility. Party B shall make payments for both the loan service and the hosting service.
Article 2 (Details of Entrusted Goods)
1) Model name, units, power consumption per unit, monthly electricity & hosting charge, deposit for the first month.
Model: ___________________ Units: _____________ Watt: _____________
Total Miner Fee: _________ USD Electricity & Hosting Fee: _______ USD/kWh
First month deposit amount: _____________________________________ USD
Prepaid electricity fee: ________________ USD for ________________ months
Duration: ___________________________ to ___________________________
Article 3 (Details of Principal, Down Payment and Amount Owed)
1) At the time of this Agreement, Party A promises to loan ______________ BTC (Principal) which equals ______________ USD to Party B.
2) Party B shall make a Down Payment of ______________ BTC (50% of the Principal) and repay ______________ BTC (Amount Owed) to Party A in ______________ (Due Date) , with monthly interest payable on the Principal.
3) The Down Payment can be made via Bitcoin, Tether, USD, CNY, KRW and THB, whilst the Amount Owed can be paid via BTC only.
4) Delay of repayment:
a. No partial or delayed repayment of Amount Owed shall be allowed, but Party B may prepay the Amount Owed without penalty.
b. The partial or delayed repayment will result in the temporarily suspended operation of the Entrusted Goods. Party A shall send a notification email informing Party B to complete the repayment within 3 days after the Due Date. If no payment is received within this 3-day extension, this Agreement shall be in default.
Article 4 (Interest Payment)
1) The Amount Owed shall bear interest at a rate of 3.33% compounded monthly.
2) Party B shall repay Party A on a monthly basis beginning on ______________, in the amount of ______________ USD to be paid on the ______________ of every month ending on ______________.
3) The Interest payment can be made via Bitcoin, Tether, USD, CNY, KRW and THB.
4) Delay of interest payment:
a. Party B will be given a 3-day extension after the Due Date of each month to complete the interest payment, without any penalty.
b. The operation of the Entrusted Goods will be suspended and Party B shall pay a delayed charge which equals 0.068% of the due amount for each interest that remains unpaid within another 5 days after the 3-day extension ends. The delayed fee shall be charged on a daily basis, and the entrusted goods shall not be put online until the interest payment is completed.
c. If any interest payment obligation is not paid within the 5-day extension after its Due Date, the remaining unpaid balance and any accrued interest shall become due immediately at the option of Party A.
Article 5 (Default)
If for any reason Party B should not oblige to any section or portion of this Agreement, Party B shall be considered in default. Under such an event, the remaining balance of the Amount Owed shall be due within five 5 business days with Party B liable to pay all reasonable attorney’s fees and costs of collection of the Party A. In addition, Party A may reclaim entrusted goods in connection with the Amount Owed, hold and dispose of the same, and collect expenses, together with any deficiency due from Party B, subject to the Party B’s right to redeem said items pursuant to law.
Article 6 (Confidentiality)
1) Party A shall have the right to collect, process and store personal information of Party B including but not limited to Party B’s name, address and contact details for the purpose of timely notifications and the execution of this agreement.
2) Party B’s personal information shall not be disclosed to any third party by Party A without legal reasons or prior permission from Party B.
3) Any information of this Entrusted Agreement shall be kept confidential between the Parties, and not to be leaked/disclosed to any other third party or public. Violation of this confidentiality shall be treated strictly, and apply to Article 7 Dispute.
Article 7 (Dispute)
Any dispute arising from or related with this Agreement or the main subject matter of compensating damage or loss hereto shall be, first and as in priority, resolved amicably between parties and, if an agreement is not reached, succumb to and be resolved by the competent court at the People’s Republic of China.
In Witness Whereof, both parties have caused to execute this Agreement in duplicates by duly authorized representatives and keep each copy after signing/ sealing.
For and on behalf of Party A, HashMax
By;
Name:
Title:
Date:
For and on behalf of Party B, __________________
By;
Name:
Title:
Date: