<SEC-DOCUMENT>0001663577-19-000060.txt : 20190208
<SEC-HEADER>0001663577-19-000060.hdr.sgml : 20190208
<ACCEPTANCE-DATETIME>20190208172136
ACCESSION NUMBER:		0001663577-19-000060
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20190205
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190208
DATE AS OF CHANGE:		20190208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEANSPARK, INC.
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	COGENERATION SERVICES & SMALL POWER PRODUCERS [4991]
		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:		19581063

	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:	STRATEAN INC.
		DATE OF NAME CHANGE:	20141201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SMARTDATA CORP
		DATE OF NAME CHANGE:	19880120
</SEC-HEADER>
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<TYPE>8-K
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<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): <B><U>February 8, 2019</U></B><BR>
<BR>
<B><U>CleanSpark, Inc.</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(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="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; text-align: center"><B><U>Nevada</U></B></TD>
    <TD STYLE="width: 34%; text-align: center"><B><U>000-53498</U></B></TD>
    <TD STYLE="width: 33%; text-align: center"><B><U>87-0449945</U></B></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="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 67%">
        <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"><B>70 North Main Street, Ste. 105</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B><U>Bountiful, Utah</U></B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 33%; text-align: center"><B><U>84010</U></B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD STYLE="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-top: 0; text-align: center; margin-bottom: 0">Registrant&rsquo;s telephone number, including area code: <B>(801)
244-4405</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"></P>

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    <TD STYLE="width: 100%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>

<P STYLE="font: 10pt Courier New, Courier, Monospace; margin: 0; text-indent: 23.05pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 23.05pt">[ ]&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</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">Emerging growth company [ ]</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">If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. [ ]</P>

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


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<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>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>SECTION 5 &ndash; Corporate Governance and Management</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"><B>Item 5.02 Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</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">On February 8, 2019, our Board of Directors appointed Ms. Amanda
Kabak as our Chief Technology Officer.</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">Ms. Kabak joined our company in August of 2017 and we are now promoting
her to serve as our Chief Technology Officer and Principal Software Architect. Before joining us, Ms. Kabak was a managing consultant
for 10th Magnitude and she worked there from July 2016 to July 2017. From April to June of 2016, she worked as Sr. Software Engineer
for Uptake and from 2013 to February 2016 she worked as Sr. Software Architect for OptiRTC, Inc.</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">Aside from above, Ms. Kabak does not hold and has not held over
the past five years any other directorships in any company with a class of securities registered pursuant to Section 12 of the
Exchange Act or subject to the requirements of Section 15(d) of the Exchange Act or any company registered as an investment company
under the Investment Company Act of 1940.</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">There are no family relationships between Ms. Kabak and any of our
directors or executive officers.</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">Aside from the following, Ms. Kabak has not had any material direct
or indirect interest in any of the Company&rsquo;s transactions or proposed transactions over the last two years.</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 February 8, 2019, we entered into a letter agreement (the &ldquo;Agreement&rdquo;)
with Ms. Kabak to serve as Chief Technology Officer. We agreed to pay Ms. Kabak an annual base salary of $190,000 and issue her
an option to purchase $100,000 shares of our stock for each annual period she is with our company. A portion of the option vests
each month and is exercisable at market price.</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">A copy of the Agreement is attached hereto as Exhibit 10.1 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">Also on February 8, 2019, our Board of Directors approved an increase
in the annual salary for Mr. Matthew Schultz, our CEO, from $180,000 to $240,000 for the 2019 annual period. The Board also approved
an increase in the annual salary for Mr. Zach Bradford, our President and CFO, from $180,000 to $240,000 for the 2019 annual period.</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">Lastly, the Board approved additional performance bonuses that may
be granted from time to time at the Board&rsquo;s discretion.</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">As a result of the above, we plan to amend the employment
agreements for  Messrs. Schultz and Bradford and will attach the same to our next quarterly report that we file with the
Securities and Exchange Commission.</P>

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



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



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></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 9 &ndash; Financial Statements and Exhibits</B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits</B></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"></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10.1&#9;<A HREF="ex10_1.htm">Employment Agreement, dated February 8, 2019</A></P>

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



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

<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>CleanSpark, 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>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 100%; font: 10pt Courier New, Courier, Monospace"><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: 10pt Times New Roman, Times, Serif">Zachary Bradford<BR>
Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Courier New, Courier, Monospace">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 10pt Courier New, Courier, Monospace"><FONT STYLE="font-family: Times New Roman, Times, Serif">Date:
    February 8, 2019</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>



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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;<IMG SRC="image_003.jpg" ALT=""></FONT></P>

<P STYLE="font: 9.5pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.65pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.65pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">February
8, 2019</FONT></P>

<P STYLE="font: 6pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.65pt 5.85pt 0 0; text-align: right; color: #333333"><FONT STYLE="color: Black">By
email to Amanda Kabak</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt; color: #333333"><FONT STYLE="color: Black">Dear Amanda Kabak:</FONT></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 4.65pt 32.2pt 0 5pt; color: #333333"><FONT STYLE="color: Black">Clean
Spark, LLC, (the &ldquo;Company&rdquo;), is pleased to offer you a promotion with the Company on terms described below.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.45pt 47.5pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Position. </B>You are being offered a promotion from your current position
to the position of Chief Technical Officer and Principal Software Architect. Effective February 8, 2019.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 34pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Duties. </B>You will be responsible for such duties as are normally associated
with such position and identified in a job description as outlined below. You will report directly to the Company&rsquo;s CEO
and President.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.55pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">Chief Technology
Officer:</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Franklin Gothic Medium; margin-top: 7.6pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD STYLE="padding-right: 5.95pt"><FONT STYLE="color: Black">Assist
                                         the Company in designing, creating, managing and executing its strategic technology goals.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12.4pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Design
                                         refinement, development/improvement, integration, and testing of CleanSpark&rsquo;s data</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/12.4pt Franklin Gothic Medium,sans-serif; margin: 0 0 0 41pt"><FONT STYLE="color: Black">management, analytics,
intelligence, and automation software</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Documenting
                                         the above processes</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 23pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Other
                                         duties as needed or required:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Software
                                         Development in line with the Solution Architecture such as</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 95pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD STYLE="padding-right: 5.65pt"><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Proficiency
                                         in design and implementation using WCF, Azure Event Hubs, Azure Service Bus, and Azure
                                         Service Fabric</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 95pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD STYLE="padding-right: 5.8pt"><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Familiarity
                                         and proficiency in decoupled data storage typology evaluation and implementation</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 95pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Requirements
                                         distillation and management</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD STYLE="padding-right: 5.85pt"><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Setting
                                         up communications with electrical/control equipment, configuring, and automating SCADA
                                         system configuration</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Designs
                                         &amp; develops embedded systems consistent with cloud deployment</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Assist
                                         and advise the sales team of technical considerations for proposed projects.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Demonstrating
                                         and presenting products</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12.4pt Arial, Helvetica, Sans-Serif; margin-top: 0.05pt; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Attending
                                         trade exhibitions, conferences and meetings</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/12.4pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 59pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 10pt; color: Black">&#183;</FONT></TD><TD><FONT STYLE="font-family: Franklin Gothic Medium,sans-serif; color: Black">Travel
                                         as needed to meet with clients and prospective clients</FONT></TD></TR></TABLE>

<P STYLE="font: 16.5pt Franklin Gothic Medium,sans-serif; margin: 0.35pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0; color: #333333"><TR STYLE="vertical-align: top">
<TD STYLE="width: 5pt"></TD><TD STYLE="width: 11.05pt"><FONT STYLE="color: Black; letter-spacing: -0.05pt">4.</FONT></TD><TD><FONT STYLE="color: Black">Compensation.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.45pt 21.8pt 0 41pt; color: #333333"><FONT STYLE="color: Black"><B>Base
Pay. </B>Your annual base pay for this position will be $190,000 per year, paid weekly (effective February 1, 2019). All forms
of compensation referred to in this letter are subject to applicable withholding and payroll taxes.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.55pt 21.8pt 0 41pt; color: #333333"><FONT STYLE="color: Black"><B>Stock
Option Compensation</B>: You will be allowed to participate in the Incentive Stock Option plan as outlined in Exhibit &ldquo;A&rdquo;.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.45pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">Your job
description, base pay, duties and responsibilities may be modified from time to time in the sole discretion of the company.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 18.65pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Employment Status. </B>This position is considered exempt status for federal
wage and hour purposes and is not eligible for overtime pay for hours worked in excess of 8 in a given workday or 40 hours per
week. Your employment status in this position will be full-time &ndash; regularly scheduled to work 30 or more hours per week.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 11.55pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Benefits. </B>In addition to your base pay compensation, you will be eligible
to receive the benefits which are offered to Clean Spark, LLC employees which have been provided by the Company&rsquo;s PEO, Ataraxis.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 23.75pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">7.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Confidentiality and/or Non-Compete. </B>As an employee of Clean Spark, LLC,
you may be asked to sign a &ldquo;Confidentiality&rdquo; and/or a &ldquo;Non-Compete&rdquo; agreement as a condition of your employment.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 23.75pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 8.75pt 0 5pt; text-indent: 0in; color: #333333"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 8.75pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="color: Black"><IMG SRC="image_003.jpg" ALT=""><FONT STYLE="font-size: 10pt; letter-spacing: -0.05pt">&nbsp;</FONT></FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 8.75pt 0 5pt; text-indent: 0in; color: #333333">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 8.75pt 0 5pt; text-indent: 0in; color: #333333"></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 8.75pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Dispute Resolution. </B>In the event of any dispute or claim relating to
or arising out of our employment relationship, you and the Company agree that (i) any and all disputes between you and the Company
shall be fully and finally resolved by binding arbitration, (ii) you are waiving all rights to a jury trial but all court remedies
will be available in arbitration, (iii) all disputes shall be resolved by a neutral arbitrator who shall first issue a written
opinion, (iv) the arbitration shall provide for adequate discovery, and (v) the Company shall pay all but the first $125 of the
arbitration fees. Please note that we must receive your signed Agreement before your first day of employment.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 10.9pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Employment Relationship. </B>Employment with the Company is employment at-will.
Employment at-will may be terminated with or without cause and with or without notice at any time at the will of either you or
the Company. Terms and conditions of employment with the Company may be modified at the sole discretion of the Company with or
without cause and with or without notice. Other than the Company President, no one has the authority to make any agreement for
employment other than for employment at-will or to make any agreement limiting the Company's discretion to modify the terms and
conditions of employment. Only the Company President has the authority to make any such agreement and then only in writing and
signed by each of the Company President and the respective employee. No implied contract concerning any employment-related decision
or term or condition of employment can be established by any other statement, conduct, policy, or practice. As a new hire, your
performance will be reviewed after a ninety (90) day trial period, at which time your continued employment will be evaluated.
This trial period does not in any way modify the at-will status of your employment relationship with the Company.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 18.65pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Entire Agreement. </B>If you accept this offer the provisions of this employment
offer letter contain the entire agreement of the parties relating to the subject matter and supersede all prior oral and written
employment agreements or arrangements between the parties. This Agreement cannot be amended or modified except by a written agreement
signed by you and the Company.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.55pt 7.35pt 0 5pt; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Representation. </B>By signing below, you represent that your performance
of services to the Company will not violate any duty which you may have to any other person or entity (such as a present or former
employer), including obligations concerning providing services (whether or not competitive) to others, confidentiality of proprietary
information and assignment of inventions, ideas, patents or copyrights, and you agree that you will not do anything gin the performance
of services hereto that would violate any such duty.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.45pt 15.7pt 0 5pt; text-align: justify; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black; letter-spacing: -0.05pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: Black; letter-spacing: -0.05pt">&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt; color: Black"><B>Expiration. </B>This offer of employment, if not previously accepted by
you, will expire seven days from the date of this letter, although additional time for consideration of the offer can be made
available if you find it necessary.</FONT></P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 7.45pt 15.7pt 0 5pt; text-align: justify; text-indent: 0in; color: #333333"><FONT STYLE="font-size: 10pt; color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.6pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">Should you
have any questions, please do not hesitate to contact me at zach@cleanspark.com</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.6pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black">If you wish
to accept this offer, please sign and date this letter and return it to the Company within seven days.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 0 0 5pt; color: #333333"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.45pt 61.1pt 0 5pt; color: #333333"><FONT STYLE="color: Black">We
look forward to your acceptance and to having you as part of the Clean Spark, LLC team!</FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.45pt 61.1pt 0 5pt; color: #333333"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.45pt 61.1pt 0 5pt; color: #333333"><FONT STYLE="color: Black">Sincerely,</FONT></P>

<P STYLE="font: 13.5pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 0 0"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"><FONT STYLE="color: Black">Zachary
Bradford President and CFO</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"><FONT STYLE="color: Black">Accepted
and Agreed:</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 7%"></TD>
    <TD STYLE="width: 31%; border-bottom: Black 1pt solid"><FONT STYLE="color: Black">/s/ Amanda Kabak</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 31%"><FONT STYLE="color: Black">February 8, 2019</FONT></TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Name: Amanda Kabak</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">Date</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 387.4pt 0 5pt; color: #333333"><FONT STYLE="color: Black">&nbsp;&nbsp;</FONT></P>

<P STYLE="margin: 0; font: 9pt Sans-Serif; color: Red"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 163.85pt 0 292pt; text-align: center; color: #333333"></P>


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<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 0 0pt 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 0 0pt 5pt"><FONT STYLE="color: Black">&nbsp;<IMG SRC="image_003.jpg" ALT=""></FONT>&nbsp;</P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 0 0 5pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<P STYLE="font: bold 10pt Arial, Helvetica, Sans-Serif; margin: 4.1pt 0 0 5pt"><FONT STYLE="color: Black">Exhibit A</FONT></P>

<P STYLE="font: 9.5pt Arial, Helvetica, Sans-Serif; margin: 0.55pt 0 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 0 5pt"><FONT STYLE="color: Black"><B>STOCK OPTION COMPENSATION</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: Black"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 8.05pt 0 5pt"><FONT STYLE="color: Black">You will be granted
Incentive Stock Options to purchase $100,000 in shares of CleanSpark Inc. Common Stock (CLSK) for each annual period you are with
the Company. The Incentive Stock Options will be issued under the Company&rsquo;s 2017 Incentive plan and will be subject to all
rights and restrictions outline in the plan.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 3.05pt 0 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 3.05pt 0 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 3.05pt 0pt 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.05pt 3.05pt 0 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 8.05pt 0 5pt"><FONT STYLE="color: Black">1/12 of the total options
will be granted on the first day of each month and will carry a strike price equal to the closing price of our common stock as
quoted on OTCmarkets (or higher exchange in the case of an up list) on the last day of the prior month.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 7.5pt 8.05pt 0 5pt"><FONT STYLE="color: Black"></FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.5pt 183.7pt 0 5pt"><FONT STYLE="color: Black">Granted options
will fully vest on the last day of each month.</FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.5pt 183.7pt 0 5pt"><FONT STYLE="color: Black">Stock Compensation may be renegotiated annually.</FONT></P>

<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.5pt 183.7pt 0 5pt"><FONT STYLE="color: Black"></FONT></P>

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<P STYLE="font: 10pt/165% Arial, Helvetica, Sans-Serif; margin: 7.5pt 183.7pt 0 5pt"><FONT STYLE="color: Black">&nbsp;</FONT></P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
