<SEC-DOCUMENT>0001663577-16-000263.txt : 20160822
<SEC-HEADER>0001663577-16-000263.hdr.sgml : 20160822
<ACCEPTANCE-DATETIME>20160822115856
ACCESSION NUMBER:		0001663577-16-000263
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160819
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Completion of Acquisition or Disposition of Assets
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160822
DATE AS OF CHANGE:		20160822

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STRATEAN INC.
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	BLANK CHECKS [6770]
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-53498
		FILM NUMBER:		161844675

	BUSINESS ADDRESS:	
		STREET 1:		70 NORTH MAIN STREET, STE. 105
		CITY:			BOUNTIFUL
		STATE:			UT
		ZIP:			84010
		BUSINESS PHONE:		801-224-4405

	MAIL ADDRESS:	
		STREET 1:		70 NORTH MAIN STREET, STE. 105
		CITY:			BOUNTIFUL
		STATE:			UT
		ZIP:			84010

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMARTDATA CORP
		DATE OF NAME CHANGE:	19880120
</SEC-HEADER>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>WASHINGTON, D.C. 20549<BR>
____________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B><BR>
<BR>
Date of Report (Date of earliest event reported): August 19, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><BR>
<U>Stratean Inc.</U><BR>
(Exact name of registrant as specified in its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-decoration: underline; text-align: center"><U>Nevada</U></TD>
    <TD STYLE="width: 34%; text-decoration: underline; text-align: center"><U>000-53498</U></TD>
    <TD STYLE="width: 33%; text-decoration: underline; text-align: center"><U>87-044945</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(State or other jurisdiction of incorporation)</TD>
    <TD STYLE="text-align: center">(Commission File Number)</TD>
    <TD STYLE="text-align: center">(I.R.S. Employer Identification No.)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 67%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">70 North Main Street, Ste. 105</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>Bountiful, Utah </U></P></TD>
    <TD STYLE="width: 33%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>84010</U></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Registrant&rsquo;s telephone number, including area code: <U>801-244-4405</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">___________________________________________________</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former name or former address, if changed since
        last report)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">[ ]</FONT></TD>
    <TD STYLE="width: 96%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">[ ]</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">[ ]</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">[ ]</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 1 - REGISTRANT'S BUSINESS AND OPERATIONS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>ITEM 1.01 - ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As previously reported, on June 30, 2016, Stratean,
Inc. and Cleanspark II, LLC, a wholly-owned subsidiary of Stratean, Inc. (together, the &ldquo;Company&rdquo;), entered into an
Asset Purchase Agreement (the &ldquo;Purchase Agreement&rdquo;) with CleanSpark Holdings LLC, CleanSpark LLC, CleanSpark Technologies
LLC and Specialized Energy Solutions, Inc. (together, the &ldquo;Seller&rdquo;). The details of the transaction and the Purchase
Agreement itself were filed on Form 8-K with the SEC on July 7, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As previously reported, on July 20, 2016, the parties to the Purchase
Agreement entered into an amendment (the &ldquo;Amendment&rdquo;) that revised the assets to be acquired under the Purchase Agreement.
The details of the transaction and the Amendment itself were filed on Form 8-K with the SEC on July 22, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On August 19, 2016, the parties to the Purchase Agreement entered
into a second amendment (the &ldquo;Second Amendment&rdquo;) that revised the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The foregoing description of the Second Amendment does not purport
to be complete and is subject to, and qualified in its entirety by reference to, the full text of the Amendment, which is filed
as Exhibit 2.1 hereto and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 2 &ndash; FINANCIAL INFORMATION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>Item
2.01 Completion of Acquisition or Disposition of Assets</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information set forth in Item 1.01 of this
Current Report on Form 8-K that relates to the completion of acquisition of assets is incorporated by reference into this Item
2.01.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>SECTION 8 &ndash; OTHER EVENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="text-transform: uppercase"><B>Item
8.01 Other Events</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 18, 2016, we issued a press release
announcing that we completed Phase I of our first commercial microgrid in partnership with Webcor, a San Francisco-based builder,
and Sungevity, a leading solar service provider. A copy of the press release is attached as Exhibit 99.1 to this Current Report
on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The information in Item 8.01 of this Current
Report on Form 8-K (including Exhibit 99.1) shall not be deemed &ldquo;filed&rdquo; for purposes of Section 18 of the Securities
Exchange Act of 1934 (the &ldquo;Exchange Act&rdquo;) or otherwise subject to the liabilities of that section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as expressly set forth
by specific reference in such a filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 9 &ndash; <FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase">Financial
Statements and Exhibits</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>Item 9.01 Financial Statements
and Exhibits. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.25in">(d) <U>Exhibits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0 0 0 1in; text-indent: -1in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Exhibit No.</B></FONT></TD>
    <TD STYLE="width: 85%; font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><A HREF="ex2_1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Second Amendment, dated August 19, 2016</FONT></A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">99.1</FONT></TD>
    <TD STYLE="font-family: Courier New, Courier, Monospace"><A HREF="ex99_1.htm"><FONT STYLE="font-family: Times New Roman, Times, Serif">Press Release, dated August 18, 2016</FONT></A></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Stratean, Inc.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="width: 100%; font-family: Courier New, Courier, Monospace; text-decoration: underline"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>/s/ Zachary Bradford</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Times New Roman, Times, Serif">Zachary Bradford<BR>
Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date: August 22, 2016</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Courier New, Courier, Monospace">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B></B></P>



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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>Amendment No. 2 to Asset Purchase
Agreement</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">The Amendment No. 2 (this &ldquo;Amendment&rdquo;)
to that certain Asset Purchase Agreement (the &ldquo;Agreement&rdquo;) dated as of June 30, 2016, by and among Stratean, Inc.,
a Nevada corporation (&ldquo;Parent&rdquo;), and CleanSpark II, LLC, a Nevada limited liability company and wholly owned subsidiary
of Parent (together, &ldquo;Purchaser&rdquo;), on the one hand, and CleanSpark Holdings LLC, a Delaware limited liability company
(&ldquo;CleanSpark&rdquo;) on behalf of itself and its Affiliates (as that term is defined in the Agreement), including, without
limitation, CleanSpark LLC, a California limited liability company, CleanSpark Technologies LLC, a Delaware limited liability company,
and Specialized Energy Solutions, Inc., a California corporation (together with CleanSpark, &ldquo;Seller&rdquo;), on the other
hand, is made effective as of August 19, 2016 (the &ldquo;Amendment Effective Date&rdquo;).</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><B>WITNESSETH:</B></P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">WHEREAS, the parties entered into
Amendment No. 1 to Asset Purchase Agreement on July 19, 2016; and</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">WHEREAS, the parties desire to amend
the Agreement again to revise Closing Date and to detail the timing of consideration paid to CleanSpark.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">NOW, THEREFORE, in consideration
of the foregoing and of the promises, agreements, representations, warranties, and covenants herein contained, and intended to
continue to be bound to the Agreement, as amended by this Amendment, the parties hereby agree as follows:</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">1) Capitalized terms used but not
otherwise defined in this Amendment shall have the meanings ascribed to them in the Agreement.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">2) Section 3.1 of the Agreement
is hereby amended in its entirety as follows:</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt 0.5in; text-align: justify">3.1 CLOSING. The closing of
the transactions contemplated hereby (the &ldquo;CLOSING&rdquo;) shall take place on July 1, 2016, at the offices of the Purchaser
(the &ldquo;CLOSING DATE&rdquo;).</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">3) All other terms and conditions
under the Agreement not otherwise amended, modified or affected by this Amendment shall continue to be in effect and bind the parties.
The Agreement or this Amendment may only be modified with prior written consent from both parties.</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: center"><I>[Signature Page Follows]</I></P>


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<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/107% Times New Roman, Times, Serif; margin: 0 0 8pt; text-align: justify">IN WITNESS WHEREOF, the parties
hereto have caused this amendment to be duly executed on the date first written above.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>PURCHASER</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Stratean, Inc. </B><BR>
<BR>
By: <U>/s/ S. Matthew Schultz</U><BR>
Name: S. Matthew Schultz<BR>
Title: CEO</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>Cleanspark II, LLC</B></P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: <U>/s/ S. Matthew Schultz</U><BR>
Name: S. Matthew Schultz</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Title: Manager</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"><B>SELLER</B><BR>
<BR>
CleanSpark Holdings LLC</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael E. Firenze</U><BR>
Name: Michael E. Firenze<BR>
Title: CEO</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">CleanSpark LLC</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael E. Firenze</U><BR>
Name: Michael E. Firenze<BR>
Title: CEO</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">CleanSpark Technologies LLC</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael E. Firenze</U><BR>
Name: Michael E. Firenze<BR>
Title: CEO</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">Specialized Energy Solutions, Inc.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0">By: <U>/s/ Michael E. Firenze</U><BR>
Name: Michael E. Firenze<BR>
Title: CEO</P>

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<P STYLE="font: 19pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><B>CleanSpark, Webcor &amp;
Sungevity Complete Phase I of First Commercial Microgrid</B></P>

<P STYLE="font: 16pt/normal Arial, Helvetica, Sans-Serif; margin: 0; background-color: white; color: #444444">832 kW System Developed
at Ram's Hill Golf Course in Borrego Springs, CA</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">PR Newswire</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">SALT LAKE
CITY, Aug. 18, 2016</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">SALT
LAKE CITY, Aug. 18, 2016 /PRNewswire/ --&nbsp;Cleanspark, LLC, as part of Stratean (OTC: SRTN), the developer of a patented and
revolutionary &quot;stratified&quot; downdraft gasifier, today announced the company has completed Phase I of its first commercial
microgrid in partnership with </FONT><FONT STYLE="color: #565656">Webcor</FONT><FONT STYLE="color: #333333">, a San Francisco-based
builder, and </FONT><FONT STYLE="color: #565656">Sungevity</FONT><FONT STYLE="color: #333333">, a leading solar service provider.
</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">The
832kW solar system with distributed controls, located at the </FONT><FONT STYLE="color: #565656">Ram's Hill Golf Course in Borrego
Springs</FONT><FONT STYLE="color: #333333">, features a highly advanced monitoring intelligence platform. In addition an upgrade
to consolidate property loads for a private behind-the-meter 12kV infrastructure was deployed that enables plug and play capabilities
in the future such as energy storage integration and additional microgrid functionality. The Rams Hill installation was completed
in five months and is expected to save approximately $300,000 per year with an eight-year return on investment from the project.
With the intelligence platform already delivering cost savings information, that return is expected to drop further in the coming
six months.</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">&quot;The
system installed by the microgrid team has performed beyond our expectations. We are very happy with our partnership with Webcor
and CleanSpark and look forward to the continuing development of our power system,&quot; said Becky Holeman, CFO of Rams Hill.</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">Matthew Schultz,
Chief Executive Officer of Stratean, Inc., commented, &quot;We are excited about completing the first phase of this project. Sungevity
and Webcor are phenomenal partners. We believe the ROI is extremely compelling for our customers not only as a result of solar
energy generation, but also due to our superior intelligence platform that will deliver significant value on its own. We look forward
to communicating future projects and developments in the near term.&quot;</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333"><B>About CleanSpark</B></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">CleanSpark
offers advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges.
By integrating new and existing energy generation and storage assets with advanced load management capacities, CleanSpark's software
allows energy generated locally to be shared with other interconnected microgrids. This unique capability enables microgrids to
be scaled and widely adopted for commercial, industrial, military, municipal, and remote community deployment.</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">For
more information on CleanSpark, please visit </FONT><FONT STYLE="color: #565656">http://www.cleanspark.com</FONT><FONT STYLE="color: #333333">.</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333"><B>About Stratean,
Inc.</B></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">From
the trash can to the gas can, Stratean, Inc. has successfully designed, engineered, manufactured and patented a revolutionary 'stratified'
downdraft gasifier. Our partners, such as Petersen, Inc., ICON Renewables, Combustion Resources and others have worked with us
to create a logical solution for profitably handling MSW, Coal, Plastics, Municipal Sewage and many other feedstocks.&nbsp;All
with ZERO airborne emissions.&nbsp; We've aligned ourselves with research universities such as Utah State University, The University
of Utah, and BYU to certify and maximize the efficiencies and production of our technology.&nbsp; To learn more, visit </FONT><FONT STYLE="color: #565656">http://www.stratean.com/</FONT><FONT STYLE="color: #333333">.</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333"></FONT></P>

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<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">&nbsp;</FONT><B>About
Webcor Builders</B></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">San
Francisco-based Webcor Builders was founded in 1971, and is widely recognized as one of the nation's leading general contractors.
Recently named both the 2014 California Contractor of the Year and one of the top green construction companies in the U.S. by the
Engineering News-Record, Webcor is known for its innovative and efficient approach to construction, wide range of experience, cost-effective
design/build methodology, skills in concrete construction, and expertise in building landmark projects.&nbsp; For more information,
please visit </FONT><FONT STYLE="color: #565656">http://www.webcor.com</FONT><FONT STYLE="color: #333333">.</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333"><B>About Sungevity</B></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">Sungevity,
Inc. is a technology-driven solutions provider, offering exceptional service and choice to residential and commercial solar energy
customers.&nbsp; Sungevity's asset-light business model focuses on value-added in-house services for software platform development,
project management and customer experience; this focus is enabled by a strong, scalable network of third-party providers for asset-intensive
and/or lower margin provision of hardware, installation services and financing.&nbsp; Sungevity's disruptive and competitive model
delivers greater value directly to customers and, for stockholders, captures immediate financial value at the time of sale.</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333"><B>Information
about Forward-Looking Statements</B></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">Statements
in this press release relating to plans, strategies, testing and operational performance, projections of results of specific activities
and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. This release contains &quot;forward-looking statements&quot; that include information
relating to future events and future financial and operating performance. The words &quot;may,&quot; &quot;would,&quot; &quot;will,&quot;
&quot;expect,&quot; &quot;estimate,&quot; &quot;can,&quot; &quot;believe,&quot; &quot;potential&quot; and similar expressions and
variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee
of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance
or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or
management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could
cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements.
Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company's
products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the
impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength
to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States
Securities and Exchange Commission (the &quot;SEC&quot;).&nbsp; For a more detailed description of the risk factors and uncertainties
affecting the Company, please refer to the Company's recent SEC filings, which are available at </FONT><FONT STYLE="color: #565656">http://www.sec.gov</FONT><FONT STYLE="color: #333333">.
The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise.</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">Website:
</FONT><FONT STYLE="color: #565656">http://www.stratean.com</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333"><B>Contact:
Investor Relations:</B></FONT><BR>
<FONT STYLE="color: #333333">Brett Maas, Managing Partner, Hayden IR,</FONT><BR>
<FONT STYLE="color: #333333">(646) 536-7331, </FONT><FONT STYLE="color: #565656">brett@haydenir.com</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white"><FONT STYLE="color: #333333">To
view the original version on PR Newswire, visit:</FONT><FONT STYLE="color: #565656">http://www.prnewswire.com/news-releases/cleanspark-webcor--sungevity-complete-phase-i-of-first-commercial-microgrid-300315184.html</FONT></P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333">SOURCE Stratean,
Inc.</P>

<P STYLE="font: 9.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; background-color: white; color: #333333"></P>

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