<SEC-DOCUMENT>0001663577-20-000389.txt : 20201028
<SEC-HEADER>0001663577-20-000389.hdr.sgml : 20201028
<ACCEPTANCE-DATETIME>20201028172536
ACCESSION NUMBER:		0001663577-20-000389
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20201026
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:		20201028
DATE AS OF CHANGE:		20201028

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEANSPARK, INC.
		CENTRAL INDEX KEY:			0000827876
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373]
		IRS NUMBER:				870449945
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39187
		FILM NUMBER:		201269681

	BUSINESS ADDRESS:	
		STREET 1:		1185 SOUTH 1800 WEST, SUITE 3
		CITY:			WOODS CROSS
		STATE:			UT
		ZIP:			84087
		BUSINESS PHONE:		(702) 941-8047

	MAIL ADDRESS:	
		STREET 1:		1185 SOUTH 1800 WEST, SUITE 3
		CITY:			WOODS CROSS
		STATE:			UT
		ZIP:			84087

	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>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>clsk8k.htm
<TEXT>
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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES&nbsp;</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B>&nbsp;</P>

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

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

<P STYLE="font: 1pt 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">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

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

<P STYLE="font: 1pt 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">&nbsp;</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></P>

<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>Date of Report (Date of Earliest Event Reported):
October 26, 2020</B></P>

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

<P STYLE="font: 1pt 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>&nbsp;</B></P>

<P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CLEANSPARK, INC.</B></P>

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

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

<P STYLE="font: 1pt 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">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>Nevada</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; text-align: center"><FONT STYLE="font-size: 10pt"><B>001-39187</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 1%; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 33%; text-align: center"><FONT STYLE="font-size: 10pt"><B>87-0449945</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(State or Other Jurisdiction</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>of Incorporation)</B></P></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; text-align: center"><FONT STYLE="font-size: 10pt"><B>(Commission File Number)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(IRS Employer</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Identification No.)</B></P></TD></TR>
</TABLE>
<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"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>1185 S. 1800 West, Suite 3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Woods Cross, Utah 84087</B></P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Address of Principal Executive Offices)</B></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; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(702) 941-8047</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(Registrant&rsquo;s Telephone Number, Including
Area Code)</B>&nbsp;</P>



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

<P STYLE="font: 1pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed since
last report)</P>

<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">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 (see General Instruction A.2 below):</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 2%; text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD STYLE="width: 98%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">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="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">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="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">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="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: 12pt 0 0; background-color: white">Securities registered pursuant
to Section&nbsp;12(b) of the Act:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; background-color: white; border-collapse: collapse">
<TR>
    <TD STYLE="width: 34%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="width: 32%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 8pt">Title of each class</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">Trading</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center">Symbol(s)</P></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">Name of each exchange</P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0 0 1pt; text-align: center">on which registered</P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-size: 8pt"><B>Common Stock, par value $0.001 per share</B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt"><B>CLSK</B></FONT></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 12pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-size: 8pt"><B>The Nasdaq Stock Market LLC</B></FONT></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 1pt; margin-bottom: 1pt"><DIV STYLE="font-size: 0.75pt; border-top: Black 0.75pt solid; border-bottom: Black 0.75pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 0; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933(&sect;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (&sect;240.12b-2 of this chapter).</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">Emerging growth company <FONT STYLE="font-family: MS Mincho">&#9744;</FONT></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. <FONT STYLE="font-family: MS Mincho">&#9744;</FONT></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 0 0pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 7%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Item 5.02.</B></FONT></TD>
    <TD STYLE="width: 93%; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt"><B>Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">On October 26, 2020, the board
of directors (the &ldquo;Board&rdquo;) of CleanSpark, Inc., a Nevada corporation (the &ldquo;Company&rdquo;), upon recommendation
of the compensation committee of the Board (the &ldquo;Compensation Committee&rdquo;) approved certain executive compensation changes
for executives of the Company following the Company&rsquo;s fiscal year ended September 30, 2020. The changes described below were
made in an ordinary course annual review of executive compensation by the independent directors of the Compensation Committee and
take into account the lack of formal executive compensation policies and written employment agreements for executives of the Company
for fiscal year 2020 and industry standards moving forward for fiscal year 2021.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B><I>Executive Summary and Background</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">The goals
of our compensation programs are to ensure that the interests of our employees, including our named executive officers, are aligned
with the interests of our stockholders and our business goals and that the total compensation paid to each of our named executive
officers is fair, reasonable and competitive.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">We provide
our executive officers with a significant portion of their compensation through cash incentive compensation based upon the achievement
of corporate objectives for the year as well as through equity compensation, including premium priced stock options, which are
options with exercise prices above the fair market value of the Common Stock on the date of grant. These two elements of executive
compensation are aligned with the interests of our stockholders because the amount of compensation ultimately received will vary
with our corporate and operational performance and, in the case of options, will result in value for the named executive officers
only if our stock price increases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">Key elements
of our compensation programs include the following:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><B>Compensation
    Element</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><B>Purpose</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 40%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><B>Features</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><I>Base&nbsp;salary</I></B></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To attract and retain experienced and highly skilled executives.</FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Fixed component of pay to provide financial stability, based on responsibilities, experience, individual contributions and benchmarked company data.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt"><B><I>Annual<BR>
cash<BR>
incentive<BR>
bonuses</I></B></FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt">To promote and reward the achievement of key short-term strategic and business goals of the Company as well as individual performance; to motivate and attract executives.</FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt">Variable component of pay based on annual corporate quantitative and qualitative goals.</FONT></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt"><B><I>Long-term<BR>
Equity<BR>
incentive<BR>
compensation</I></B></FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt">To encourage executives and other employees to focus on long-term Company performance; to drive long-term stockholder value; to promote retention; to reward outstanding Company and individual performance.</FONT></FONT></TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
<FONT STYLE="font-size: 10pt">Typically subject to vesting based on continued service and are primarily in the form of stock options, premium priced stock options and restricted stock, the value of which depends on the performance of our Common Stock price, in order to align employee interests with those of our stockholders over the longer-term.</FONT></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; background-color: white">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">In addition
to our direct compensation elements, the following features of our compensation program are designed to align our executive team
with stockholder interests and with market best practices:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 12pt Times New Roman, Times, Serif; width: 90%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><B>What We Do</B></FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center; width: 48%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7.5pt"><B>What We Don't Do</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Wingdings">&#252;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Maintain
        a benchmarking process, utilizing third-party independent tools</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: Wingdings">&#252;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Target
        pay based on market norms</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: Wingdings">&#252;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Deliver
        executive compensation primarily through performance-based compensation</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: Wingdings">&#252;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Offer
        market-competitive benefits for executives that are consistent with the rest of our employees</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: Wingdings">&#252;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">&nbsp;Hold
        a say-on-pay vote at least once every 3 years</FONT></P></TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&times; Allow hedging of equity</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">&times; Provide excessive
        perquisites</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 12pt; margin-right: 0; margin-left: 0">&times; Provide supplemental
        executive retirement plans</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">During 2020,
we made significant progress on our business goals. Our innovative technology enables distributed assets to function optimally
in multiple applications. Our solutions meet the needs of an ongoing paradigm shift in the power, energy, and transportation industries
to address the need for economic optimization and energy security, while meeting sustainability goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white"><FONT STYLE="font-family: Times New Roman, Times, Serif">2020
results showcase the best year in the Company's history, setting the stage for meaningful future growth. These </FONT>results include
the following achievements that impacted executive compensation for the fiscal year ending September 30, 2020:</P>

<UL STYLE="list-style-type: square">

<UL STYLE="list-style-type: square">

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">Revenues more than doubled compared to the prior year,
while navigating a global pandemic</LI>

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">The Company successfully listing on Nasdaq</LI>

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">Acquisition and integration of two companies that are
cash flow positive</LI>

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">Stock price improvement over the prior 12 months</LI>

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">Software, service and related revenues have increased
to be a larger percentage of total revenues to resulting in gross margin increasing significantly since October 2019</LI>

<LI STYLE="margin: 0pt 0 12pt; background-color: white; font-size: 10pt">Significantly improved cash balance and balance sheet</LI>

</UL>

</UL>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; background-color: white"><B><I>Setting Executive Compensation</I></B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Compensation Committee
is responsible for reviewing, and recommending to the Board for approval, the compensation of our executive officers, including
our named executive officers. The Compensation Committee is composed entirely of non-employee directors who are &quot;independent&quot;
as that term is defined in the applicable Nasdaq Rules. In making its recommendations regarding executive compensation, our Compensation
Committee annually reviews the performance of our executives with our Chief Executive Officer, and our Chief Executive Officer
makes recommendations to our Compensation Committee with respect to the appropriate base salary, annual incentive bonuses and performance
measures, and grants of long-term equity incentive awards for each of our executives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">The Compensation Committee
makes its determination regarding executive compensation and then makes a recommendation to the Board for approval. The Board discusses
the Compensation Committee's recommendations ultimately approves the compensation of the executive officers.</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">In setting executive base salaries and bonuses
and granting equity incentive awards, the Compensation Committee and the Board consider compensation for comparable positions in
the market, the historical compensation levels of our executives, individual performance as compared to our expectations and objectives,
our desire to motivate our employees to achieve short- and long-term results that are in the best interests of our stockholders,
and a long-term commitment to our Company. We generally target a competitive position, based on independent third-party benchmark
analytics to inform the mix of compensation of base salary, bonus or long-term</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: 0pt 0 12pt 10pt; text-indent: -10pt; background-color: white"><B><I>Comparing
Compensation to Market Benchmarks</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">In evaluating
the total compensation of our named executive officers, our Compensation Committee, our Compensation Committee uses data from
the Radford Global Technology executive compensation survey (the &quot;Radford Survey&quot;), to evaluate the competitive market
when formulating its recommendation for the total direct compensation packages for our executive officers. The Radford Survey
provides compensation market intelligence and is widely used within the technology industry.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 12pt; text-align: justify; background-color: white">Due to the
nature of our business, we also compete for executive talent with other companies, including public companies that are larger and
more established than we are or that possess greater resources than we do, and with smaller private companies that may be able
to offer greater equity compensation potential. While competitive practice is an important component of our compensation philosophy,
it is not the sole determinant of executive compensation and benefit practices and programs and we do not automatically target
our executive compensation at a specific percentage of the peer group average. Instead the Compensation Committee focuses on a
balance of annual and long-term compensation, which is weighted toward &quot;at risk&quot; performance-based compensation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><B><I>Executive Employment
Agreements</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">On October 26, 2020, the Company
entered into new employment agreements (the &ldquo;Employment Agreements&rdquo;) with Zachary Bradford, Lori Love, Amanda Kabak,
Amer Tadayon and S. Matthew Schultz (the &ldquo;Executives&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><I>Zachary Bradford Employment
Agreement</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Bradford&rsquo;s Employment Agreement provides
for an annual base salary of $500,000 payable according to the Company&rsquo;s normal payroll practices. In addition, Mr. Bradford
will be entitled to receive: (i) an annual discretionary cash bonus based on the annual gross revenues of the Company and other
benchmarks that may be identified at the discretion of the board of directors that is equivalent to no less than 50% of base salary,
and (ii) a combination of restricted stock and stock options as incentive compensation that is at least 50% in value to base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Bradford&rsquo;s Employment Agreement can
be terminated (i) with cause by the Company after at least three-fifths (or more than 60%) of the Board determines that cause exists
(ii) by Mr. Bradford for any reason upon 10 days advanced prior written notice and (iii) by the Company for any reason upon 10
days advanced prior written notice.</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">Furthermore, Mr. Bradford, (i) upon termination
for cause and upon signing and returning an effective waiver and release of claims, shall be entitled to receive severance equal
to three (3) months of base salary and other employment benefits if terminated in the first twelve (12) months of employment and
six (6) months of the base salary and other employment benefits (including COBRA) thereafter, and (ii) upon termination without
cause, all unvested securities shall immediately vest and become exercisable in full and, upon signing and returning an effective
waiver and release of claims, shall be entitled to receive severance of equal to six (6) months of the base salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the base salary and other employment
benefits thereafter and the Company shall pay Mr. Bradford an amount equal to 100% of the bonus paid to the Employee during the
prior six (6) months, with the severance and the bonus payable in equal payments over 12 months following the effective date of
the termination and subject to all applicable withholdings and taxes.</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">As compensation for performance during the
most recent fiscal year ended September 30, 2020, Mr. Bradford was issued 75,000 shares of fully-vested common stock and granted
fully-vested options to purchase 25,000 shares of common stock at an exercise price of $9.00.</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">For fiscal year 2021, Mr. Bradford was issued
69,000 shares of restricted stock subject to vesting conditions and which shall vest only upon achievement of certain corporate
milestones set by the Compensation Committee and options to purchase 30,000 shares of common stock at an exercise price of $9.00
which shall vest upon achievement of certain corporate milestones set by the Compensation Committee.<FONT STYLE="color: red">&#9;</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; color: #212529"><I>Lori Love Employment Agreement</I></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">Ms. Love&rsquo;s Employment Agreement provides
for an annual base salary of $350,000 payable according to the Company&rsquo;s normal payroll practices. In addition, Ms. Love
will be entitled to receive: (i) an annual discretionary cash bonus based on EBITDA improvement of the Company and other benchmarks
that may be identified at the discretion of the board of directors that is equivalent to no less than 20% of base salary, and (ii)
a combination of restricted stock and stock options as incentive compensation that is at least 50% in value to base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ms. Love&rsquo;s Employment Agreement can be
terminated (i) with cause by the Company after at least three-fifths (or more than 60%) of the Board determines that cause exists
(ii) by Ms. Love for any reason upon 10 days advanced prior written notice and (iii) by the Company for any reason upon 10 days
advanced prior written notice.</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">Furthermore, Ms. Love, (i) upon termination
for cause and upon signing and returning an effective waiver and release of claims, shall be entitled to receive severance equal
to three (3) months of base salary and other employment benefits if terminated in the first twelve (12) months of employment and
six (6) months of the base salary and other employment benefits (including COBRA) thereafter, and (ii) upon termination without
cause, all unvested securities shall immediately vest and become exercisable in full and, upon signing and returning an effective
waiver and release of claims, shall be entitled to receive severance of equal to six (6) months of the base salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the base salary and other employment
benefits thereafter and the Company shall pay Ms. Love an amount equal to 100% of the bonus paid to the Employee during the prior
six (6) months, with the severance and the bonus payable in equal payments over 12 months following the effective date of the termination
and subject to all applicable withholdings and taxes.</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">As compensation for performance during the
most recent fiscal year ended September 30, 2020, Ms. Love was issued 38,000 shares of fully-vested common stock and granted fully-vested
options to purchase 12,500 shares of common stock at an exercise price of $9.00.</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">For fiscal year 2021, Ms. Love was issued 13,250
shares of restricted stock subject to vesting conditions and which shall vest only upon achievement of certain corporate milestones
set by the Compensation Committee and options to purchase 10,000 shares of common stock at an exercise price of $9.00 which shall
vest upon achievement of certain corporate milestones set by the Compensation Committee.</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"><I>Amanda Kabak Employment Agreement</I></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">Ms. Kabak&rsquo;s Employment Agreement provides
for an annual base salary of $290,000 payable according to the Company&rsquo;s normal payroll practices. In addition, Ms. Kabak
will be entitled to receive: (i) an annual discretionary cash bonus based on the software enhancements and delivery targets of
the Company and other benchmarks that may be identified at the discretion of the board of directors that is equivalent to no less
than 30% of base salary, and (ii) a combination of restricted stock and stock options as incentive compensation that is at least
50% in value to base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Ms. Kabak&rsquo;s Employment Agreement can
be terminated (i) with cause by the Company after at least three-fifths (or more than 60%) of the Board determines that cause exists
(ii) by Ms. Kabak for any reason upon 10 days advanced prior written notice and (iii) by the Company for any reason upon 10 days
advanced prior written notice.</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">Furthermore, Ms. Kabak, (i) upon termination
for cause and upon signing and returning an effective waiver and release of claims, shall be entitled to receive severance equal
to three (3) months of base salary and other employment benefits if terminated in the first twelve (12) months of employment and
six (6) months of the base salary and other employment benefits (including COBRA) thereafter, and (ii) upon termination without
cause, all unvested securities shall immediately vest and become exercisable in full and, upon signing and returning an effective
waiver and release of claims, shall be entitled to receive severance of equal to six (6) months of the base salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the base salary and other employment
benefits thereafter and the Company shall pay Ms. Kabak an amount equal to 100% of the bonus paid to the Employee during the prior
six (6) months, with the severance and the bonus payable in equal payments over 12 months following the effective date of the termination
and subject to all applicable withholdings and taxes.</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">As compensation for performance during the
most recent fiscal year ended September 30, 2020, Ms. Kabak was issued 13,000 shares of fully-vested common stock and granted fully-vested
options to purchase 5,000 shares of common stock at an exercise price of $9.00.</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">For fiscal year 2021, Ms. Kabak was issued
15,000 shares of restricted stock subject to vesting conditions and which shall vest only upon achievement of certain corporate
milestones set by the Compensation Committee and options to purchase 20,000 shares of common stock at an exercise price of $9.00
which shall vest upon achievement of certain corporate milestones set by the Compensation Committee.</P>

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

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<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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>Amer Tadayon Amended and Restated Employment
Agreement</I></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">Mr. Tadayon&rsquo;s Employment Agreement, which
amends, restates and supersedes his prior employment agreement dated as of January 31, 2020, provides for an annual base salary
of $250,000 payable according to the Company&rsquo;s normal payroll practices. In addition, Mr. Tadayon will be entitled to receive:
(i) an annual discretionary cash bonus based on the annual gross revenue of the Company and other benchmarks that may be identified
at the discretion of the board of directors that is equivalent to no less than 20% of base salary, and (ii) a combination of restricted
stock and stock options as incentive compensation that is at least 50% in value to base salary. Mr. Tadayon is also entitled to
receive a commission-based bonus on an annual basis which includes a non-recoverable draw at the annual rate of not less than Fifty
Thousand Dollars (USD $50,000). Commission payments will not be made until such commissions exceed the draw, measured on an annual
basis.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Tadayon&rsquo;s Employment Agreement can
be terminated (i) with cause by the Company after at least three-fifths (or more than 60%) of the Board determines that cause exists
(ii) by Mr. Tadayon for any reason upon 10 days advanced prior written notice and (iii) by the Company for any reason upon 10 days
advanced prior written notice.</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">Furthermore, Mr. Tadayon, (i) upon termination
for cause and upon signing and returning an effective waiver and release of claims, shall be entitled to receive severance equal
to three (3) months of base salary and other employment benefits if terminated in the first twelve (12) months of employment and
six (6) months of the base salary and other employment benefits (including COBRA) thereafter, and (ii) upon termination without
cause, all unvested securities shall immediately vest and become exercisable in full and, upon signing and returning an effective
waiver and release of claims, shall be entitled to receive severance of equal to six (6) months of the base salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the base salary and other employment
benefits thereafter and the Company shall pay Mr. Tadayon an amount equal to 100% of the bonus paid to the Employee during the
prior six (6) months, with the severance and the bonus payable in equal payments over 12 months following the effective date of
the termination and subject to all applicable withholdings and taxes.</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">For fiscal year 2021, Mr. Tadayon was granted
options to purchase 30,000 shares of common stock at an exercise price of $9.00 which shall vest monthly over the next 12 months.</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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><I>S. Matthew Schultz Employment Agreement</I></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">Mr. Schultz&rsquo;s Employment Agreement provides
for an annual base salary of $350,000 payable according to the Company&rsquo;s normal payroll practices. In addition, Mr. Schultz
will be entitled to receive: (i) an annual discretionary cash bonus based on the annual gross revenues of the Company and other
benchmarks that may be identified at the discretion of the board of directors that is equivalent to no less than 50% of base salary,
and (ii) a combination of restricted stock and stock options as incentive compensation that is at least 50% in value to base salary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. Schultz&rsquo;s Employment Agreement can
be terminated (i) with cause by the Company after at least three-fifths (or more than 60%) of the Board determines that cause exists
(ii) by Mr. Schultz for any reason upon 10 days advanced prior written notice and (iii) by the Company for any reason upon 10 days
advanced prior written notice.</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">Furthermore, Mr. Schultz, (i) upon termination
for cause and upon signing and returning an effective waiver and release of claims, shall be entitled to receive severance equal
to three (3) months of base salary and other employment benefits if terminated in the first twelve (12) months of employment and
six (6) months of the base salary and other employment benefits (including COBRA) thereafter, and (ii) upon termination without
cause, all unvested securities shall immediately vest and become exercisable in full and, upon signing and returning an effective
waiver and release of claims, shall be entitled to receive severance of equal to six (6) months of the base salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the base salary and other employment
benefits thereafter and the Company shall pay Mr. Schultz an amount equal to 100% of the bonus paid to the Employee during the
prior six (6) months, with the severance and the bonus payable in equal payments over 12 months following the effective date of
the termination and subject to all applicable withholdings and taxes.</P>

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

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<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"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As compensation for performance during the
most recent fiscal year ended September 30, 2020, Mr. Schultz was issued 60,000 shares of fully-vested common stock and granted
fully-vested options to purchase 20,000 shares of common stock at an exercise price of $9.00.</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">For fiscal year 2021, Mr. Schultz was issued
55,000 shares of restricted stock subject to vesting conditions and which shall vest only upon achievement of certain corporate
milestones set by the Compensation Committee and options to purchase 24,000 shares of common stock at an exercise price of $9.00
which shall vest upon achievement of certain corporate milestones set by the Compensation Committee.</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 foregoing description of the terms of the
above Employment Agreements do not purport to be complete, and are qualified in their entirety by reference to the full text of
the Employment Agreements, copies of which are attached hereto as Exhibits 10.1, 10.2, 10.3, 10.4 and 10.5 and incorporated herein
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529"><B><I>Appointment of S. Matthew
Schultz as Executive Chairman</I></B></P>

<P STYLE="font: 12pt 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; color: #212529">Concurrently with the above
changes, the Board appointed its current Chairman of the Board and former Chief Executive Officer, S. Matthew Schultz, to an executive
position as Executive Chairman in recognition of the day-to-day responsibilities Mr. Schultz has been handling with the Company
since his departure as CEO. Mr. Schultz will report to the Company&rsquo;s current CEO and will still continue to serve as the
Chairman of the Board. There was no previously occupant of the role.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><BR>
There is no arrangement or understanding between Mr. Schultz and any other person pursuant to which Mr. Schultz was appointed as
an executive officer. There are no family relationships between Mr. Schultz and any of the Company&rsquo;s directors, executive
officers or persons nominated or chosen by the Company to become a director or executive officer. Mr. Schultz is not a participant
in, nor is Mr. Schultz to be a participant in, any related-person transaction or proposed related-person transaction required to
be disclosed by Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended (the &ldquo;Exchange Act&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; color: #212529">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 96px"><FONT STYLE="font-size: 10pt"><B>Item 9.01.</B></FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Financial Statements and Exhibits.</B></FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; color: #212529">(d) Exhibits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; color: #212529">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.5in; color: #212529">The following exhibits are filed as part
of this report:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in; color: #212529">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 8%; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-size: 10pt"><B>Exhibit Number</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 2%; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 90%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Description</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">10.1</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black"><A HREF="ex10_1.htm">Employment Agreement, entered into by and between CleanSpark, Inc. and Zachary K. Bradford, dated October 26, 2020.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">10.2</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black"><A HREF="ex10_2.htm">Employment Agreement, entered into by and between CleanSpark, Inc. and Lori Love, dated October 26, 2020.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">10.3</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black"><A HREF="ex10_3.htm">Employment Agreement, entered into by and between CleanSpark, Inc. and Amanda Kabak, dated October 26, 2020.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">10.4</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black"><A HREF="ex10_4.htm">Amended and Restated Employment Agreement, entered into by and between CleanSpark, Inc. and Amer Tadayon, dated October 26, 2020.</A></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black">10.5</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt; color: Black"><A HREF="ex10_5.htm">Employment Agreement, entered into by and between CleanSpark, Inc. and S. Matthew Schultz, dated October 26, 2020.</A></FONT></TD></TR>
</TABLE>

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


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

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<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"><B>SIGNATURES</B></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; text-indent: 0.5in">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; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 22%; text-align: right"></TD>
    <TD STYLE="width: 36%"><B>&nbsp;</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 25%"><B>CLEANSPARK, INC.</B></TD>
    <TD STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="text-align: center">&nbsp;Dated:  October 28, 2020 </TD>
    <TD>&nbsp;</TD>
    <TD>By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Zachary K. Bradford</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Zachary K. Bradford</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0"></P></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">Chief Executive Officer and President&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD>
    <TD><P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
        <P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P></TD></TR>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10_1.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of October 26, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Zachary Bradford
(the &ldquo;<U>Employee</U>&rdquo;). This Agreement supersedes and replaces any previous agreements, express or implied, between
the parties concerning employment terms.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the Employee desires to enter into this Agreement, to be effective as of the Effective Date, which sets forth the terms and conditions
of the Employee&rsquo;s employment with the Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rdquo; means any business dealings of CleanSpark Inc. or its subsidiaries
which includes, energy software and consulting and offering a platform that helps companies go from idea to market by offering
services such as software engineering, design ux/ui, digital content, salesforce, and business development.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Cause</U>&rdquo; means: (i) the Employee&rsquo;s material breach of this Agreement
and such breach is not cured by the Employee within thirty (30) days after written notice from the Company; (ii) the Employee&rsquo;s
failure to perform Employee&rsquo;s material duties and obligations under this Agreement (other than during any period of Disability)
and such failure is not cured by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee&rsquo;s
material malfeasance or material misconduct in connection with the performance of Employee&rsquo;s duties hereunder; (iv) the
Employee&rsquo;s conviction of, or pleading guilty or nolo contendere to, a felony or the equivalent thereof, any other crime
having as its predicate element fraud, dishonesty, misappropriation, moral turpitude, violence or theft; or (v) committing an
act of moral turpitude, whether criminal or not, which would tend to undermine the reputation of the Company.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white"></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 12pt">&ldquo;<U>Disability</U>&rdquo; means and shall be deemed to have occurred if, in the Board&rsquo;s
reasonable discretion, after consultation with a physician selected by the Board, the Employee shall have been unable to perform
the essential functions of the Employee&rsquo;s duties, even with reasonable accommodation if required by law, for a period of
not less than one hundred twenty (120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period.
The Employee shall cooperate in submitting to medical examinations and providing medical records to the physician selected by the
Board as reasonably requested by the Board in making a determination of Disability hereunder. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Sale</U>&rdquo; means the sale by the Company of substantially all of the capital
stock or assets of the Company or the following changes in control: (a) the sale of more than 50% of the Company&rsquo;s stock
in one transaction, or (b) a change of at least 60% of the Board within a 30-day period. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employment</U>. The Company agrees to employ the Employee, and the Employee agrees to be
employed by the Company, for the period set forth in Paragraph 3, in the position and with the duties and responsibilities set
forth in Exhibit 1, and upon the other terms and conditions set out in this Agreement. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.95pt 1.7pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Term</U>. The term of the Agreement shall commence on the Effective Date and, shall terminate
as provided herein (the &ldquo;<U>Employment Term</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.05pt 0 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Position and Duties</U>.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 0.5pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Term, the Employee shall serve as the Chief Executive Officer of the Company. The Employee shall serve and perform
the duties outlined in Exhibit 1 and other executive, managerial or administrative duties, functions or responsibilities as are
from time to time delegated to the Employee by the Company or the Board.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">During the Employment Term, the Employee shall devote sufficient business time, skill, attention
and effort to all facets of the business and affairs of the Company and will use Employee&rsquo;s efforts to discharge fully, faithfully,
and efficiently the duties and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided,
however, nothing herein shall be construed as providing that Employee may not engage in outside business activities so long as
they do not materially conflict with Employee&rsquo;s Employment with Company. During the Employment Term, the Employee shall comply
with all of Company&rsquo;s policies and procedures as they may be adopted, modified or amended from time to time including, but
not limited to, the Code of Business Conduct and Ethics. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">The Company considers the protection of its confidential information, proprietary materials
and goodwill to be extremely important. Accordingly, the Employee will be required to sign the Company&rsquo;s confidentiality,
non-solicitation, non-compete and assignment of inventions agreement attached as Exhibit 2 hereto (the &ldquo;<U>Confidentiality,
Non-Solicitation Non-Compete and Assignment of Inventions Agreement</U>&rdquo;), as a condition of Employee&rsquo;s employment.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10.55pt 0 0 41.05pt; background-color: white">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Related Matters</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Base Salary</U>. The Company shall pay the Employee a base salary at the annual rate of
not less than Five Hundred Thousand Dollars (USD $500,000.00) retroactive to October 1, 2020, provided, however, such base salary
shall be earned monthly and payable &ldquo;on a salary basis&rdquo; under applicable federal law (&ldquo;<U>Base Salary</U>&rdquo;).
During the Employment Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board,
but in no event may the Company pay the Employee a Base Salary less than that set forth above during the Employment Term. Payment
of all compensation to the Employee hereunder shall be made in accordance with the terms of this Agreement and applicable Company
policies in effect from time to time, including normal payroll practices, and shall be subject to all applicable withholdings and
taxes. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Annual review</U>. Employee will review Compensation as identified in Paragraphs 5(a),
5(b) and 5(c), with the Chief Executive Officer and/or Compensation Committee no less than annually and as fully defined in Exhibit
3 (as updated annually). Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee
will make a good faith effort to increase compensation accordingly. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Cash Bonus</U>. The Employee shall be entitled to receive a discretionary bonus based on
the annual gross margin of the Company and other benchmarks that may be identified at the discretion of the board of directors
(the &ldquo;<U>Bonus</U>&rdquo;). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to
the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to
be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall
be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be determined by the Compensation committee
and as referenced in Exhibit 3 (as updated annually) but shall be no less than 50% of Base Salary. The bonus percentage may be
subject to adjustment with at least 30 days&rsquo; notice no more than once each fiscal year. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Restricted Stock &amp; Options</U>. Company will grant Employee a combination of Restricted
Stock and Stock Options as incentive compensation that is at least 50% in value to the Employee&rsquo;s base compensation annually.
The combination and vesting schedule shall be determined annually by the Compensation Committee and as referenced in Exhibit 2
(as updated annually). If the Employee is prohibited for regulatory reasons or any other reason mandated by corporate governance
to dispose of any stock or options as a means to satisfy tax obligations in any calendar year, the Company may agree in its sole
discretion to pay the employee an amount equal to the tax obligations, up to a 35% tax rate, which were directly attributable to
such grant of restricted stock or options in that calendar year. In no case will the Company be obligated to pay the employee,
such amount for any other circumstance.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employee Benefits and Perquisites</U>. During the Employment Term, the Employee will be
entitled to: (i) participate in the Company&rsquo;s long-term disability, and health plans (&ldquo;<U>Employee Benefits</U>&rdquo;);
(ii) the perquisites and other fringe benefits that are from time to time made available by the Company generally to its employees;
and (iii) such perquisites and fringe benefits that are from time to time made available by the Company to the Employee in particular,
subject to any applicable terms and conditions of any specific</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>

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<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 0pt; background-color: white"><FONT STYLE="font-size: 12pt">perquisite or other fringe benefit; provided, however, that nothing
contained herein shall be deemed to require the Company to adopt, maintain or provide any particular plan, program, arrangement,
policy, perquisite or fringe benefit. The Employee shall be required to comply with the conditions attendant to coverage by such
plans and shall comply with and be entitled to benefits only in accordance with the terms and conditions of such plans as they
may be amended from time to time. The Employee agrees to cooperate and participate in any medical or physical examinations as may
be required in connection with the applications for such life and/or disability insurance policies.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Expenses</U>. The Employee shall be entitled to receive reimbursement for all reasonable
and necessary business expenses incurred by the Employee in performing Employee&rsquo;s duties and responsibilities under this
Agreement, consistent with the Company&rsquo;s policies or practices as may from time to time be in effect for reimbursement of
expenses incurred by other Company employees. All expenses shall be reimbursed within fifteen (15) days after Employee submits
an expense report and any required documentation. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Paid Time Off</U>. The Employee shall be eligible for paid time off in accordance with
the policies and practices of the Company as may from time to time be in effect for its employees which will include, at a minimum,
four (4) weeks of paid vacation per calendar year. Employee will also be eligible for any other paid/unpaid time off as required
by law. A maximum of one (1) week (or 40 hours) of accrued paid time off that is unused by January 1<SUP>st</SUP> of the following
year will carry over for use in the following calendar year. At no time will Employee be permitted to have more than five (5) weeks
of paid time off accrued. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Indemnification</U>. The Company shall indemnify the Employee, to the maximum extent permitted
by applicable law, against all costs, charges and expenses incurred or sustained by Employee in connection with any action, suit
or proceeding to which Employee may be made a party by reason of being an officer, director, employee, contractor or agent of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which Employee serves as an officer, director,
or employee at the Company&rsquo;s request.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.25pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Death</U>. This Agreement shall terminate automatically upon the Employee&rsquo;s death.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Disability</U>. The Company may terminate this Agreement at any time upon the Board&rsquo;s
determination of the Employee&rsquo;s Disability pursuant to Section 1(e) above; provided, however, that such termination must
occur while the Disability is in existence and before the Employee returns to work at the Company on a full time basis. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 12pt; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Company for Cause</U>. The Company may immediately terminate this Agreement
for Cause after at least three-fifths (or more than 60%) of the Board determines that Cause exists.</FONT></P>

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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Employee (Resignation)</U>. The Employee may terminate this Agreement for any reason, upon at least ten (10) days advance
prior written notice to the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. The Company may terminate this Agreement without Cause upon ten (10) days&rsquo; advance prior
written notice to Employee.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(f)
<U>Termination or Assignment upon a Sale</U>. This Agreement shall terminate automatically upon a Sale provided that the Employee
enters into a new employment agreement with the acquiring entity as a part of the Sale. If no new employment agreement is entered
into with such acquiring entity, then the Company&rsquo;s obligations under this Agreement shall be assigned to and assumed by
such acquiring entity as provided in Paragraph 12 herein.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination of the Employee&rsquo;s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A &ldquo;<U>Notice of Termination</U>&rdquo; is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(h)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Termination Date</U>. The Employment Termination Date shall be as follows: (i) if the Employee&rsquo;s employment is terminated
by Employee&rsquo;s death, the date of Employee&rsquo;s death; (ii) if the Employee&rsquo;s employment is terminated pursuant to
any other provision of this Agreement, the date specified in the Notice of Termination (the &ldquo;<U>Employment Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(i)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Period</U>. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the &ldquo;<U>Transition Period</U>&rdquo;),
the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee by the Board.
The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any work performed
by the Employee for the Company during the Transition Period.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
Upon Termination of Employment</U>.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; background-color: white">In
addition to any other compensation outlined herein, the following compensation shall be paid upon termination of employment under
the following circumstances:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Upon termination of this Agreement because of the Employee&rsquo;s death: (i) the Company shall pay the Employee&rsquo;s estate
the accrued and unpaid portion of the Employee&rsquo;s Base Salary and any Bonuses earned for services provided through the Employment
Termination Date (the &ldquo;<U>Compensation Payment</U>&rdquo;); (ii) the Company shall pay the Employee&rsquo;s estate any reimbursement
for business travel and other expenses to which the Employee is entitled hereunder (the &ldquo;<U>Reimbursement</U>&rdquo;); and
(iii) any unvested portion of any options, stock or other securities of Company or any of its Affiliates granted to Employee which
are subject to vesting (&ldquo;<U>Unvested Securities</U>&rdquo;), shall immediately be issued (in the case of the stock grants)
and become exercisable (in the case of the stock options, warrants or other convertible securities), regardless of the vesting
or termination provisions of such Unvested Securities. For purposes of clarity, to the extent the vesting or other provisions
of any Unvested Securities conflict with the terms of this Paragraph 7(a), the terms of this Paragraph 7(a) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white"></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company shall pay the Employee
the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested Securities shall immediately
be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible
securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for Cause</U>. Upon termination of this Agreement by the Company for Cause
pursuant to Paragraph 6(c), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement. Additionally,
subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory to
the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s compliance
with post-termination obligations and any restrictive covenants, upon termination for Cause, the Company shall provide the Employee
with severance equal to three (3) months of the Employee&rsquo;s Base Salary and other employment benefits if terminated in the
first twelve (12) months of employment and six (6) months of the Employee&rsquo;s Base Salary and other employment benefits thereafter.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Employee (Resignation)</U>. Upon Termination of this Agreement by the
Employee pursuant to Paragraph 6(d), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph 6(e), except
in connection with a termination in connection with a Sale: (i) the Company shall pay the Employee the Compensation Payment; (ii)
the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case of
the stock grants) and become exercisable or convertible (in the case of the stock options, warrants or other convertible securities);
(iv) subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory
to the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s
compliance with post-termination obligations and any restrictive covenants, upon termination by the Company without Cause, the
Company shall provide the Employee with severance equal to six (6) months of the Employee&rsquo;s Base Salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the Employee&rsquo;s Base Salary
and other employment benefits thereafter (&ldquo;Severance&rdquo;); and (v) subject to the same terms as the Severance, the Company
shall pay Employee an amount equal to 100% of the Bonus paid to the Employee during the prior six (6) months. The Severance and
Bonus shall be payable in equal payments over 12 months following the effective date of the termination, and shall be subject to
all applicable withholdings and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities
conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination upon a Sale</U>. Upon termination or assignment of this Agreement pursuant
to Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the
Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable
or convertible (in the case of the stock options, warrants or other convertible securities). For purposes of clarity, to the extent
the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph
7(f) shall govern.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Effect on Other Benefits</U>. The payments provided for in Paragraphs 7(a) through 7(f)
do not limit the entitlement of the Employee or the Employee&rsquo;s estate or beneficiaries to any amounts payable pursuant to
the terms of any applicable disability insurance plan, policy, or similar arrangement that is maintained by the Company for the
Employee&rsquo;s benefit or to any death or other vested benefits to which the Employee may be entitled under any life insurance,
stock ownership, stock options, or other benefit plan or policy that is maintained by the Company for the Employee&rsquo;s benefit.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Mitigation</U>. The Employee will not be required to mitigate the amount of any payment
provided for in this Agreement by seeking other employment or otherwise, nor will the amount of any payment provided for under
this Agreement be reduced by any profits, income, earnings, or other benefits received by the Employee from any source other than
the Company or its successor. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Survival.</U> The expiration or termination of this Agreement will not impair the rights
or obligations of any party hereto that accrues hereunder prior to such expiration or termination, including, but not limited to,
the Company&rsquo;s obligations under Paragraphs&nbsp;5(g) and 7.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Withholding Taxes</U>. The Company shall withhold from any payments to be made to the Employee
pursuant to this Agreement such amounts (including social security contributions and federal income taxes) as shall be required
by federal, state, and local withholding tax laws.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Notices</U>. All notices, requests, demands, and other communications required or permitted
to be given or made by either party shall be in writing and shall be deemed to have been duly given or made (a) when delivered
personally, or (b) when deposited and sent via overnight courier, to the party for which intended at the following addresses (or
at such other addresses as shall be specified by the parties by like notice, except that notices of change of address shall be
effective only upon receipt):</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 11.3pt 0 0 1in; background-color: white">If to the Company, at:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">CleanSpark, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Attn: Chief Counsel</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="background-color: white">1185
S. 1800 W. Suite 3Woods Cross, UT 84087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">E-mail: legal@cleanspark.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 14.15pt 23.75pt 0 1in; background-color: white">If to the Employee,
at: the Employee&rsquo;s then-current home address on file with the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">&nbsp;</P>

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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0pt 0.25pt; text-align: justify; text-indent: 20pt; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Binding Effect: No Assignment by the Employee: No Third-Party Benefit</U>. This Agreement
shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and
assigns. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments
or other benefits provided under this Agreement; and no benefits payable under this Agreement shall be assignable in anticipation
of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and
distribution. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties,
and their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any
nature whatsoever under or by reason of this Agreement.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Assumption by Successor</U>. Subject to Paragraph 6(f), the Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business
and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly,
absolutely, and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had taken place. As used in this Paragraph, &ldquo;<U>Company</U>&rdquo;
shall include any successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or
substantially all the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph
or that otherwise becomes obligated under this Agreement by operation of law.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">13.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Arbitration</U>. The parties agree that any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be resolved exclusively by confidential, final and binding arbitration administered
by the American Arbitration Association (&ldquo;<U>AAA</U>&rdquo;) under its Commercial Arbitration Rules and shall be brought
and litigated in Clark County, Nevada. All disputes shall be resolved by one (1) arbitrator. The arbitrator will have the authority
to award the same remedies, damages, and costs that a court could award, and will have the additional authority to award specific
performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without requiring
the posting of a bond or other security). The arbitrator shall issue a reasoned award explaining the decision, the reasons for
the decision, and any damages or other relief awarded. The arbitrator&rsquo;s decision will be final and binding. The judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision and any decision
and award hereunder can be enforced under the Federal Arbitration Act.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">14.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Governing Law and Venue</U>. This Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Nevada, without regard to conflict of laws rules or principles which might refer the
governance or construction of this Agreement to the laws of another jurisdiction. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">15.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Entire Agreement</U>. This Agreement, and the Exhibits, schedules, and documents attached
and referred to herein, contains the entire agreement among the parties concerning the subject matter hereof and supersedes all
prior agreements and understandings, written and oral, between the parties with respect to the subject matter of this Agreement,
except that all confidentiality, assignment, and non-disclosure provisions and agreements between the Employee and the Company
are still in force and non-superseded.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>

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<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">16.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Modification: Waiver</U>. No amendment, modification or waiver of this Agreement shall
be effective unless it is in writing and signed by the Employee and by a duly authorized representative of the Company (other than
the Employee). Each party acknowledges and agrees that no breach of this Agreement by the other party or failure to enforce or
insist on its or Employee&rsquo;s rights under this Agreement shall constitute a waiver or abandonment of any such rights or defenses
to enforcement of such rights. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">17.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Severability</U>. If any provision of this Agreement shall be determined by a court or
arbitrator to be invalid or unenforceable, the remaining provisions of this Agreement shall not be affected thereby, shall remain
in full force and effect, and shall be enforceable to the fullest extent permitted by applicable law. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">18.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Counterparts</U>. This Agreement may be executed by the parties in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Counterparts delivered
by electronic mail or facsimile shall be effective.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">[<I>Signatures
on following page.</I>]</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; background-color: white"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">COMPANY:</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CLEANSPARK, INC.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>a Nevada corporation</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Larry McNeill</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Larry McNeill, Chairman
of the</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Compensation Committee</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>EMPLOYEE:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Zachary Bradford</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Zachary Bradford</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>ADDRESS:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; background-color: white">&nbsp;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of October 26, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Lori Love (the &ldquo;<U>Employee</U>&rdquo;).
This Agreement supersedes and replaces any previous agreements, express or implied, between the parties concerning employment terms.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the Employee desires to enter into this Agreement, to be effective as of the Effective Date, which sets forth the terms and conditions
of the Employee&rsquo;s employment with the Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rdquo; means any business dealings of CleanSpark Inc. or its subsidiaries
which includes, energy software and consulting and offering a platform that helps companies go from idea to market by offering
services such as software engineering, design ux/ui, digital content, salesforce, and business development.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Cause</U>&rdquo; means: (i) the Employee&rsquo;s material breach of this Agreement
and such breach is not cured by the Employee within thirty (30) days after written notice from the Company; (ii) the Employee&rsquo;s
failure to perform Employee&rsquo;s material duties and obligations under this Agreement (other than during any period of Disability)
and such failure is not cured by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee&rsquo;s
material malfeasance or material misconduct in connection with the performance of Employee&rsquo;s duties hereunder; (iv) the Employee&rsquo;s
conviction of, or pleading guilty or nolo contendere to, a felony or the equivalent thereof, any other crime having as its predicate
element fraud, dishonesty, misappropriation, moral turpitude, violence or theft; or (v) committing an act of moral turpitude, whether
criminal or not, which would tend to undermine the reputation of the Company.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 12pt">&ldquo;<U>Disability</U>&rdquo; means and shall be deemed to have occurred if, in the Board&rsquo;s
reasonable discretion, after consultation with a physician selected by the Board, the Employee shall have been unable to perform
the essential functions of the Employee&rsquo;s duties, even with reasonable accommodation if required by law, for a period of
not less than one hundred twenty (120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period.
The Employee shall cooperate in submitting to medical examinations and providing medical records to the physician selected by the
Board as reasonably requested by the Board in making a determination of Disability hereunder. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Sale</U>&rdquo; means the sale by the Company of substantially all of the capital
stock or assets of the Company or the following changes in control: (a) the sale of more than 50% of the Company&rsquo;s stock
in one transaction, or (b) a change of at least 60% of the Board within a 30-day period. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employment</U>. The Company agrees to employ the Employee, and the Employee agrees to be
employed by the Company, for the period set forth in Paragraph 3, in the position and with the duties and responsibilities set
forth in Exhibit 1, and upon the other terms and conditions set out in this Agreement. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.95pt 1.7pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Term</U>. The term of the Agreement shall commence on the Effective Date and, shall terminate
as provided herein (the &ldquo;<U>Employment Term</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.05pt 0 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Position and Duties</U>.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 0.5pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Term, the Employee shall serve as the Chief Financial Officer of the Company. The Employee shall serve and perform
the duties outlined in Exhibit 1 and other executive, managerial or administrative duties, functions or responsibilities as are
from time to time delegated to the Employee by the Company or the Board.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">During the Employment Term, the Employee shall devote sufficient business time, skill, attention
and effort to all facets of the business and affairs of the Company and will use Employee&rsquo;s efforts to discharge fully, faithfully,
and efficiently the duties and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided,
however, nothing herein shall be construed as providing that Employee may not engage in outside business activities so long as
they do not materially conflict with Employee&rsquo;s Employment with Company. During the Employment Term, the Employee shall comply
with all of Company&rsquo;s policies and procedures as they may be adopted, modified or amended from time to time including, but
not limited to, the Code of Business Conduct and Ethics. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">The Company considers the protection of its confidential information, proprietary materials
and goodwill to be extremely important. Accordingly, the Employee will be required to sign the Company&rsquo;s confidentiality,
non-solicitation, non-compete and assignment of inventions agreement attached as Exhibit 2 hereto (the &ldquo;<U>Confidentiality,
Non-Solicitation Non-Compete and Assignment of Inventions Agreement</U>&rdquo;), as a condition of Employee&rsquo;s employment.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10.55pt 0 0 41.05pt; background-color: white">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Related Matters</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Base Salary</U>. The Company shall pay the Employee a base salary at the annual rate of
not less than Three Hundred Fifty Thousand Dollars (USD $350,000.00) retroactive to October 1, 2020, provided, however, such base
salary shall be earned monthly and payable &ldquo;on a salary basis&rdquo; under applicable federal law (&ldquo;<U>Base Salary</U>&rdquo;).
During the Employment Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board,
but in no event may the Company pay the Employee a Base Salary less than that set forth above during the Employment Term. Payment
of all compensation to the Employee hereunder shall be made in accordance with the terms of this Agreement and applicable Company
policies in effect from time to time, including normal payroll practices, and shall be subject to all applicable withholdings and
taxes. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Annual review</U>. Employee will review Compensation as identified in Paragraphs 5(a),
5(b) and 5(c), with the Chief Executive Officer and/or Compensation Committee no less than annually and as fully defined in Exhibit
3 (as updated annually). Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee
will make a good faith effort to increase compensation accordingly. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Cash Bonus</U>. The Employee shall be entitled to receive a discretionary bonus based on
the annual gross margin of the Company and other benchmarks that may be identified at the discretion of the board of directors
(the &ldquo;<U>Bonus</U>&rdquo;). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to
the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to
be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall
be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be determined by the Compensation committee
and as referenced in Exhibit 3 (as updated annually) but shall be no less than 20% of Base Salary. The bonus percentage may be
subject to adjustment with at least 30 days&rsquo; notice no more than once each fiscal year. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Restricted Stock &amp; Options</U>. Company will grant Employee a combination of Restricted
Stock and Stock Options as incentive compensation that is at least 50% in value to the Employee&rsquo;s base compensation annually.
The combination and vesting schedule shall be determined annually by the Compensation Committee and as referenced in Exhibit 2
(as updated annually). If the Employee is prohibited for regulatory reasons or any other reason mandated by corporate governance
to dispose of any stock or options as a means to satisfy tax obligations in any calendar year, the Company may agree in its sole
discretion to pay the employee an amount equal to the tax obligations, up to a 35% tax rate, which were directly attributable to
such grant of restricted stock or options in that calendar year. In no case will the Company be obligated to pay the employee,
such amount for any other circumstance.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employee Benefits and Perquisites</U>. During the Employment Term, the Employee will be
entitled to: (i) participate in the Company&rsquo;s long-term disability, and health plans (&ldquo;<U>Employee Benefits</U>&rdquo;);
(ii) the perquisites and other fringe benefits that are from time to</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; background-color: white">time
made available by the Company generally to its employees; and (iii) such perquisites and fringe benefits that are from time to
time made available by the Company to the Employee in particular, subject to any applicable terms and conditions of any specific
perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to
adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Employee shall
be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits
only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Employee agrees to
cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such
life and/or disability insurance policies.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Expenses</U>. The Employee shall be entitled to receive reimbursement for all reasonable
and necessary business expenses incurred by the Employee in performing Employee&rsquo;s duties and responsibilities under this
Agreement, consistent with the Company&rsquo;s policies or practices as may from time to time be in effect for reimbursement of
expenses incurred by other Company employees. All expenses shall be reimbursed within fifteen (15) days after Employee submits
an expense report and any required documentation. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Paid Time Off</U>. The Employee shall be eligible for paid time off in accordance with
the policies and practices of the Company as may from time to time be in effect for its employees which will include, at a minimum,
four (4) weeks of paid vacation per calendar year. Employee will also be eligible for any other paid/unpaid time off as required
by law. A maximum of one (1) week (or 40 hours) of accrued paid time off that is unused by January 1<SUP>st</SUP> of the following
year will carry over for use in the following calendar year. At no time will Employee be permitted to have more than five (5) weeks
of paid time off accrued. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Indemnification</U>. The Company shall indemnify the Employee, to the maximum extent permitted
by applicable law, against all costs, charges and expenses incurred or sustained by Employee in connection with any action, suit
or proceeding to which Employee may be made a party by reason of being an officer, director, employee, contractor or agent of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which Employee serves as an officer, director,
or employee at the Company&rsquo;s request.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.25pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Death</U>. This Agreement shall terminate automatically upon the Employee&rsquo;s death.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Disability</U>. The Company may terminate this Agreement at any time upon the Board&rsquo;s
determination of the Employee&rsquo;s Disability pursuant to Section 1(e) above; provided, however, that such termination must
occur while the Disability is in existence and before the Employee returns to work at the Company on a full time basis. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 12pt; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Company for Cause</U>. The Company may immediately terminate this Agreement
for Cause after at least three-fifths (or more than 60%) of the Board determines that Cause exists. </FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0pt 74.15pt; text-align: justify; background-color: white"></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Employee (Resignation)</U>. The Employee may terminate this Agreement for any reason, upon at least ten (10) days advance
prior written notice to the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. The Company may terminate this Agreement without Cause upon ten (10) days&rsquo; advance prior
written notice to Employee.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(f)
<U>Termination or Assignment upon a Sale</U>. This Agreement shall terminate automatically upon a Sale provided that the Employee
enters into a new employment agreement with the acquiring entity as a part of the Sale. If no new employment agreement is entered
into with such acquiring entity, then the Company&rsquo;s obligations under this Agreement shall be assigned to and assumed by
such acquiring entity as provided in Paragraph 12 herein.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination of the Employee&rsquo;s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A &ldquo;<U>Notice of Termination</U>&rdquo; is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(h)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Termination Date</U>. The Employment Termination Date shall be as follows: (i) if the Employee&rsquo;s employment is terminated
by Employee&rsquo;s death, the date of Employee&rsquo;s death; (ii) if the Employee&rsquo;s employment is terminated pursuant to
any other provision of this Agreement, the date specified in the Notice of Termination (the &ldquo;<U>Employment Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(i)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Period</U>. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the &ldquo;<U>Transition Period</U>&rdquo;),
the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee by the Board.
The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any work performed
by the Employee for the Company during the Transition Period.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
Upon Termination of Employment</U>.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; background-color: white">In
addition to any other compensation outlined herein, the following compensation shall be paid upon termination of employment under
the following circumstances:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Upon termination of this Agreement because of the Employee&rsquo;s death: (i) the Company shall pay the Employee&rsquo;s estate
the accrued and unpaid portion of the Employee&rsquo;s Base Salary and any Bonuses earned for services provided through the Employment
Termination Date (the &ldquo;<U>Compensation Payment</U>&rdquo;); (ii) the Company shall pay the Employee&rsquo;s estate any reimbursement
for business travel and other expenses to which the Employee is entitled hereunder (the &ldquo;<U>Reimbursement</U>&rdquo;); and
(iii) any unvested portion of any options, stock or</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; background-color: white">other
securities of Company or any of its Affiliates granted to Employee which are subject to vesting (&ldquo;<U>Unvested Securities</U>&rdquo;),
shall immediately be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants
or other convertible securities), regardless of the vesting or termination provisions of such Unvested Securities. For purposes
of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph
7(a), the terms of this Paragraph 7(a) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company shall pay the Employee
the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested Securities shall immediately
be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible
securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for Cause</U>. Upon termination of this Agreement by the Company for Cause
pursuant to Paragraph 6(c), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement. Additionally,
subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory to
the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s compliance
with post-termination obligations and any restrictive covenants, upon termination for Cause, the Company shall provide the Employee
with severance equal to three (3) months of the Employee&rsquo;s Base Salary and other employment benefits if terminated in the
first twelve (12) months of employment and six (6) months of the Employee&rsquo;s Base Salary and other employment benefits thereafter.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Employee (Resignation)</U>. Upon Termination of this Agreement by the
Employee pursuant to Paragraph 6(d), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph 6(e), except
in connection with a termination in connection with a Sale: (i) the Company shall pay the Employee the Compensation Payment; (ii)
the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case of
the stock grants) and become exercisable or convertible (in the case of the stock options, warrants or other convertible securities);
(iv) subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory
to the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s
compliance with post-termination obligations and any restrictive covenants, upon termination by the Company without Cause, the
Company shall provide the Employee with severance equal to six (6) months of the Employee&rsquo;s Base Salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the Employee&rsquo;s Base Salary
and other employment benefits thereafter (&ldquo;Severance&rdquo;); and (v) subject to the same terms as the Severance, the Company
shall pay Employee an amount equal to 100% of the Bonus paid to the Employee during the prior six (6) months. The Severance and
Bonus shall be payable in equal payments over 12 months following the effective date of the termination, and shall be subject to
all applicable withholdings and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities
conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white"></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination upon a Sale</U>. Upon termination or assignment of this Agreement pursuant
to Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the
Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable
or convertible (in the case of the stock options, warrants or other convertible securities). For purposes of clarity, to the extent
the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph
7(f) shall govern.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Effect on Other Benefits</U>. The payments provided for in Paragraphs 7(a) through 7(f)
do not limit the entitlement of the Employee or the Employee&rsquo;s estate or beneficiaries to any amounts payable pursuant to
the terms of any applicable disability insurance plan, policy, or similar arrangement that is maintained by the Company for the
Employee&rsquo;s benefit or to any death or other vested benefits to which the Employee may be entitled under any life insurance,
stock ownership, stock options, or other benefit plan or policy that is maintained by the Company for the Employee&rsquo;s benefit.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Mitigation</U>. The Employee will not be required to mitigate the amount of any payment
provided for in this Agreement by seeking other employment or otherwise, nor will the amount of any payment provided for under
this Agreement be reduced by any profits, income, earnings, or other benefits received by the Employee from any source other than
the Company or its successor. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Survival.</U> The expiration or termination of this Agreement will not impair the rights
or obligations of any party hereto that accrues hereunder prior to such expiration or termination, including, but not limited to,
the Company&rsquo;s obligations under Paragraphs&nbsp;5(g) and 7.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Withholding Taxes</U>. The Company shall withhold from any payments to be made to the Employee
pursuant to this Agreement such amounts (including social security contributions and federal income taxes) as shall be required
by federal, state, and local withholding tax laws.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Notices</U>. All notices, requests, demands, and other communications required or permitted
to be given or made by either party shall be in writing and shall be deemed to have been duly given or made (a) when delivered
personally, or (b) when deposited and sent via overnight courier, to the party for which intended at the following addresses (or
at such other addresses as shall be specified by the parties by like notice, except that notices of change of address shall be
effective only upon receipt):</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 11.3pt 0 0 1in; background-color: white">If to the Company, at:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">CleanSpark, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Attn: Chief Counsel</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="background-color: white">1185
S. 1800 W. Suite 3Woods Cross, UT 84087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">E-mail: legal@cleanspark.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 14.15pt 23.75pt 0 1in; background-color: white">If to the Employee,
at: the Employee&rsquo;s then-current home address on file with the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Binding Effect: No Assignment by the Employee: No Third-Party Benefit</U>. This Agreement
shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and
assigns. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments
or other benefits provided under this Agreement; and no benefits payable under this Agreement shall be assignable in anticipation
of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and
distribution. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties,
and their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any
nature whatsoever under or by reason of this Agreement.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Assumption by Successor</U>. Subject to Paragraph 6(f), the Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business
and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly,
absolutely, and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had taken place. As used in this Paragraph, &ldquo;<U>Company</U>&rdquo;
shall include any successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or
substantially all the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph
or that otherwise becomes obligated under this Agreement by operation of law.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">13.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Arbitration</U>. The parties agree that any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be resolved exclusively by confidential, final and binding arbitration administered
by the American Arbitration Association (&ldquo;<U>AAA</U>&rdquo;) under its Commercial Arbitration Rules and shall be brought
and litigated in Clark County, Nevada. All disputes shall be resolved by one (1) arbitrator. The arbitrator will have the authority
to award the same remedies, damages, and costs that a court could award, and will have the additional authority to award specific
performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without requiring
the posting of a bond or other security). The arbitrator shall issue a reasoned award explaining the decision, the reasons for
the decision, and any damages or other relief awarded. The arbitrator&rsquo;s decision will be final and binding. The judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision and any decision
and award hereunder can be enforced under the Federal Arbitration Act.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">14.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Governing Law and Venue</U>. This Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Nevada, without regard to conflict of laws rules or principles which might refer the
governance or construction of this Agreement to the laws of another jurisdiction. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">15.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Entire Agreement</U>. This Agreement, and the Exhibits, schedules, and documents attached
and referred to herein, contains the entire agreement among the parties concerning the subject matter hereof and supersedes all
prior agreements and understandings, written and oral, between the parties with respect to the subject matter of this Agreement,
except that all confidentiality, assignment, and non-disclosure provisions and agreements between the Employee and the Company
are still in force and non-superseded. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">16.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Modification: Waiver</U>. No amendment, modification or waiver of this Agreement shall
be effective unless it is in writing and signed by the Employee and by a duly authorized representative of the Company (other than
the Employee). Each party acknowledges and agrees that no breach of this Agreement by the other party or failure to enforce or
insist on its or Employee&rsquo;s rights under this Agreement shall constitute a waiver or abandonment of any such rights or defenses
to enforcement of such rights. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">17.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Severability</U>. If any provision of this Agreement shall be determined by a court or
arbitrator to be invalid or unenforceable, the remaining provisions of this Agreement shall not be affected thereby, shall remain
in full force and effect, and shall be enforceable to the fullest extent permitted by applicable law. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">18.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Counterparts</U>. This Agreement may be executed by the parties in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Counterparts delivered
by electronic mail or facsimile shall be effective.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">[<I>Signatures
on following page.</I>]</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.</P>

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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">COMPANY:</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CLEANSPARK, INC.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>a Nevada corporation</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Zach Bradford</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Zach Bradford, CEO</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>EMPLOYEE:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Lori Love</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Lori Love</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>ADDRESS:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10_3.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of October 26, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Amanda Kabak (the
&ldquo;<U>Employee</U>&rdquo;). This Agreement supersedes and replaces any previous agreements, express or implied, between the
parties concerning employment terms.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the Employee desires to enter into this Agreement, to be effective as of the Effective Date, which sets forth the terms and conditions
of the Employee&rsquo;s employment with the Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rdquo; means any business dealings of CleanSpark Inc. or its subsidiaries
which includes, energy software and consulting and offering a platform that helps companies go from idea to market by offering
services such as software engineering, design ux/ui, digital content, salesforce, and business development.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Cause</U>&rdquo; means: (i) the Employee&rsquo;s material breach of this Agreement
and such breach is not cured by the Employee within thirty (30) days after written notice from the Company; (ii) the Employee&rsquo;s
failure to perform Employee&rsquo;s material duties and obligations under this Agreement (other than during any period of Disability)
and such failure is not cured by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee&rsquo;s
material malfeasance or material misconduct in connection with the performance of Employee&rsquo;s duties hereunder; (iv) the Employee&rsquo;s
conviction of, or pleading guilty or nolo contendere to, a felony or the equivalent thereof, any other crime having as its predicate
element fraud, dishonesty, misappropriation, moral turpitude, violence or theft; or (v) committing an act of moral turpitude, whether
criminal or not, which would tend to undermine the reputation of the Company.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 12pt">&ldquo;<U>Disability</U>&rdquo; means and shall be deemed to have occurred if, in the Board&rsquo;s
reasonable discretion, after consultation with a physician selected by the Board, the Employee shall have been unable to perform
the essential functions of the Employee&rsquo;s duties, even with reasonable accommodation if required by law, for a period of
not less than one hundred twenty (120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period.
The Employee shall cooperate in submitting to medical examinations and providing medical records to the physician selected by the
Board as reasonably requested by the Board in making a determination of Disability hereunder. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Sale</U>&rdquo; means the sale by the Company of substantially all of the capital
stock or assets of the Company or the following changes in control: (a) the sale of more than 50% of the Company&rsquo;s stock
in one transaction, or (b) a change of at least 60% of the Board within a 30-day period. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employment</U>. The Company agrees to employ the Employee, and the Employee agrees to be
employed by the Company, for the period set forth in Paragraph 3, in the position and with the duties and responsibilities set
forth in Exhibit 1, and upon the other terms and conditions set out in this Agreement. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.95pt 1.7pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Term</U>. The term of the Agreement shall commence on the Effective Date and, shall terminate
as provided herein (the &ldquo;<U>Employment Term</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.05pt 0 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Position and Duties</U>.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 0.5pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Term, the Employee shall serve as the Chief Technology Officer of the Company. The Employee shall serve and perform
the duties outlined in Exhibit 1 and other executive, managerial or administrative duties, functions or responsibilities as are
from time to time delegated to the Employee by the Company or the Board.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">During the Employment Term, the Employee shall devote sufficient business time, skill, attention
and effort to all facets of the business and affairs of the Company and will use Employee&rsquo;s efforts to discharge fully, faithfully,
and efficiently the duties and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided,
however, nothing herein shall be construed as providing that Employee may not engage in outside business activities so long as
they do not materially conflict with Employee&rsquo;s Employment with Company. During the Employment Term, the Employee shall comply
with all of Company&rsquo;s policies and procedures as they may be adopted, modified or amended from time to time including, but
not limited to, the Code of Business Conduct and Ethics. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">The Company considers the protection of its confidential information, proprietary materials
and goodwill to be extremely important. Accordingly, the Employee will be required to sign the Company&rsquo;s confidentiality,
non-solicitation, non-compete and assignment of inventions agreement attached as <U>Exhibit 2</U> hereto (the &ldquo;<U>Confidentiality,
Non-Solicitation Non-Compete and Assignment of Inventions Agreement</U>&rdquo;), as a condition of Employee&rsquo;s employment.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">&nbsp;</FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0pt 1in; text-align: justify; background-color: white"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10.55pt 0 0 41.05pt; background-color: white">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Related Matters</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Base Salary</U>. The Company shall pay the Employee a base salary at the annual rate of
not less than Two Hundred Ninety Thousand Dollars (USD $290,000.00) retroactive to October 1, 2020, provided, however, such base
salary shall be earned monthly and payable &ldquo;on a salary basis&rdquo; under applicable federal law (&ldquo;<U>Base Salary</U>&rdquo;).
During the Employment Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board,
but in no event may the Company pay the Employee a Base Salary less than that set forth above during the Employment Term. Payment
of all compensation to the Employee hereunder shall be made in accordance with the terms of this Agreement and applicable Company
policies in effect from time to time, including normal payroll practices, and shall be subject to all applicable withholdings and
taxes. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Annual review</U>. Employee will review Compensation as identified in Paragraphs 5(a),
5(b) and 5(c), with the Chief Executive Officer and/or Compensation Committee no less than annually and as fully defined in Exhibit
3 (as updated annually). Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee
will make a good faith effort to increase compensation accordingly. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Cash Bonus</U>. The Employee shall be entitled to receive a discretionary bonus based on
the annual gross margin of the Company and other benchmarks that may be identified at the discretion of the board of directors
(the &ldquo;<U>Bonus</U>&rdquo;). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to
the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to
be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall
be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be determined by the Compensation committee
and as referenced in Exhibit 3 (as updated annually) but shall be no less than 30% of Base Salary. The bonus percentage may be
subject to adjustment with at least 30 days&rsquo; notice no more than once each fiscal year. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Restricted Stock &amp; Options</U>. Company will grant Employee a combination of Restricted
Stock and Stock Options as incentive compensation that is at least 50% in value to the Employee&rsquo;s base compensation annually.
The combination and vesting schedule shall be determined annually by the Compensation Committee and as referenced in Exhibit 2
(as updated annually). If the Employee is prohibited for regulatory reasons or any other reason mandated by corporate governance
to dispose of any stock or options as a means to satisfy tax obligations in any calendar year, the Company may agree in its sole
discretion to pay the employee an amount equal to the tax obligations, up to a 35% tax rate, which were directly attributable to
such grant of restricted stock or options in that calendar year. In no case will the Company be obligated to pay the employee,
such amount for any other circumstance.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employee Benefits and Perquisites</U>. During the Employment Term, the Employee will be
entitled to: (i) participate in the Company&rsquo;s long-term disability, and health plans (&ldquo;<U>Employee Benefits</U>&rdquo;);
(ii) the perquisites and other fringe benefits that are from time to</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; background-color: white">time
made available by the Company generally to its employees; and (iii) such perquisites and fringe benefits that are from time to
time made available by the Company to the Employee in particular, subject to any applicable terms and conditions of any specific
perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to
adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Employee shall
be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits
only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Employee agrees to
cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such
life and/or disability insurance policies.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Expenses</U>. The Employee shall be entitled to receive reimbursement for all reasonable
and necessary business expenses incurred by the Employee in performing Employee&rsquo;s duties and responsibilities under this
Agreement, consistent with the Company&rsquo;s policies or practices as may from time to time be in effect for reimbursement of
expenses incurred by other Company employees. All expenses shall be reimbursed within fifteen (15) days after Employee submits
an expense report and any required documentation. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Paid Time Off</U>. The Employee shall be eligible for paid time off in accordance with
the policies and practices of the Company as may from time to time be in effect for its employees which will include, at a minimum,
four (4) weeks of paid vacation per calendar year. Employee will also be eligible for any other paid/unpaid time off as required
by law. A maximum of one (1) week (or 40 hours) of accrued paid time off that is unused by January 1<SUP>st</SUP> of the following
year will carry over for use in the following calendar year. At no time will Employee be permitted to have more than five (5) weeks
of paid time off accrued. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Indemnification</U>. The Company shall indemnify the Employee, to the maximum extent permitted
by applicable law, against all costs, charges and expenses incurred or sustained by Employee in connection with any action, suit
or proceeding to which Employee may be made a party by reason of being an officer, director, employee, contractor or agent of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which Employee serves as an officer, director,
or employee at the Company&rsquo;s request.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.25pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Death</U>. This Agreement shall terminate automatically upon the Employee&rsquo;s death.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Disability</U>. The Company may terminate this Agreement at any time upon the Board&rsquo;s
determination of the Employee&rsquo;s Disability pursuant to Section 1(e) above; provided, however, that such termination must
occur while the Disability is in existence and before the Employee returns to work at the Company on a full time basis. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 12pt; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Company for Cause</U>. The Company may immediately terminate this Agreement
for Cause after at least three-fifths (or more than 60%) of the Board determines that Cause exists. </FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0pt 74.15pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Employee (Resignation)</U>. The Employee may terminate this Agreement for any reason, upon at least ten (10) days advance
prior written notice to the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. The Company may terminate this Agreement without Cause upon ten (10) days&rsquo; advance prior
written notice to Employee.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(f)
<U>Termination or Assignment upon a Sale</U>. This Agreement shall terminate automatically upon a Sale provided that the Employee
enters into a new employment agreement with the acquiring entity as a part of the Sale. If no new employment agreement is entered
into with such acquiring entity, then the Company&rsquo;s obligations under this Agreement shall be assigned to and assumed by
such acquiring entity as provided in Paragraph 12 herein.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination of the Employee&rsquo;s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A &ldquo;<U>Notice of Termination</U>&rdquo; is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(h)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Termination Date</U>. The Employment Termination Date shall be as follows: (i) if the Employee&rsquo;s employment is terminated
by Employee&rsquo;s death, the date of Employee&rsquo;s death; (ii) if the Employee&rsquo;s employment is terminated pursuant to
any other provision of this Agreement, the date specified in the Notice of Termination (the &ldquo;<U>Employment Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(i)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Period</U>. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the &ldquo;<U>Transition Period</U>&rdquo;),
the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee by the Board.
The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any work performed
by the Employee for the Company during the Transition Period.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
Upon Termination of Employment</U>.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; background-color: white">In
addition to any other compensation outlined herein, the following compensation shall be paid upon termination of employment under
the following circumstances:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Upon termination of this Agreement because of the Employee&rsquo;s death: (i) the Company shall pay the Employee&rsquo;s estate
the accrued and unpaid portion of the Employee&rsquo;s Base Salary and any Bonuses earned for services provided through the Employment
Termination Date (the &ldquo;<U>Compensation Payment</U>&rdquo;); (ii) the Company shall pay the Employee&rsquo;s estate any reimbursement
for business travel and other expenses to which the Employee is entitled hereunder (the &ldquo;<U>Reimbursement</U>&rdquo;); and
(iii) any unvested portion of any options, stock or</P>

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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; background-color: white">other
securities of Company or any of its Affiliates granted to Employee which are subject to vesting (&ldquo;<U>Unvested Securities</U>&rdquo;),
shall immediately be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants
or other convertible securities), regardless of the vesting or termination provisions of such Unvested Securities. For purposes
of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph
7(a), the terms of this Paragraph 7(a) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company shall pay the Employee
the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested Securities shall immediately
be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible
securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for Cause</U>. Upon termination of this Agreement by the Company for Cause
pursuant to Paragraph 6(c), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement. Additionally,
subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory to
the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s compliance
with post-termination obligations and any restrictive covenants, upon termination for Cause, the Company shall provide the Employee
with severance equal to three (3) months of the Employee&rsquo;s Base Salary and other employment benefits if terminated in the
first twelve (12) months of employment and six (6) months of the Employee&rsquo;s Base Salary and other employment benefits thereafter.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Employee (Resignation)</U>. Upon Termination of this Agreement by the
Employee pursuant to Paragraph 6(d), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph 6(e), except
in connection with a termination in connection with a Sale: (i) the Company shall pay the Employee the Compensation Payment; (ii)
the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case of
the stock grants) and become exercisable or convertible (in the case of the stock options, warrants or other convertible securities);
(iv) subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory
to the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s
compliance with post-termination obligations and any restrictive covenants, upon termination by the Company without Cause, the
Company shall provide the Employee with severance equal to six (6) months of the Employee&rsquo;s Base Salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the Employee&rsquo;s Base Salary
and other employment benefits thereafter (&ldquo;Severance&rdquo;); and (v) subject to the same terms as the Severance, the Company
shall pay Employee an amount equal to 100% of the Bonus paid to the Employee during the prior six (6) months. The Severance and
Bonus shall be payable in equal payments over 12 months following the effective date of the termination, and shall be subject to
all applicable withholdings and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities
conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white"></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination upon a Sale</U>. Upon termination or assignment of this Agreement pursuant
to Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the
Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable
or convertible (in the case of the stock options, warrants or other convertible securities). For purposes of clarity, to the extent
the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph
7(f) shall govern.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Effect on Other Benefits</U>. The payments provided for in Paragraphs 7(a) through 7(f)
do not limit the entitlement of the Employee or the Employee&rsquo;s estate or beneficiaries to any amounts payable pursuant to
the terms of any applicable disability insurance plan, policy, or similar arrangement that is maintained by the Company for the
Employee&rsquo;s benefit or to any death or other vested benefits to which the Employee may be entitled under any life insurance,
stock ownership, stock options, or other benefit plan or policy that is maintained by the Company for the Employee&rsquo;s benefit.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Mitigation</U>. The Employee will not be required to mitigate the amount of any payment
provided for in this Agreement by seeking other employment or otherwise, nor will the amount of any payment provided for under
this Agreement be reduced by any profits, income, earnings, or other benefits received by the Employee from any source other than
the Company or its successor. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Survival.</U> The expiration or termination of this Agreement will not impair the rights
or obligations of any party hereto that accrues hereunder prior to such expiration or termination, including, but not limited to,
the Company&rsquo;s obligations under Paragraphs&nbsp;5(g) and 7.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Withholding Taxes</U>. The Company shall withhold from any payments to be made to the Employee
pursuant to this Agreement such amounts (including social security contributions and federal income taxes) as shall be required
by federal, state, and local withholding tax laws.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Notices</U>. All notices, requests, demands, and other communications required or permitted
to be given or made by either party shall be in writing and shall be deemed to have been duly given or made (a) when delivered
personally, or (b) when deposited and sent via overnight courier, to the party for which intended at the following addresses (or
at such other addresses as shall be specified by the parties by like notice, except that notices of change of address shall be
effective only upon receipt):</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 11.3pt 0 0 1in; background-color: white">If to the Company, at:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">CleanSpark, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Attn: Chief Counsel</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="background-color: white">1185
S. 1800 W. Suite 3Woods Cross, UT 84087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">E-mail: legal@cleanspark.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 14.15pt 23.75pt 0 1in; background-color: white">If to the Employee,
at: the Employee&rsquo;s then-current home address on file with the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Binding Effect: No Assignment by the Employee: No Third-Party Benefit</U>. This Agreement
shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and
assigns. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments
or other benefits provided under this Agreement; and no benefits payable under this Agreement shall be assignable in anticipation
of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and
distribution. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties,
and their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any
nature whatsoever under or by reason of this Agreement.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Assumption by Successor</U>. Subject to Paragraph 6(f), the Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business
and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly,
absolutely, and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had taken place. As used in this Paragraph, &ldquo;<U>Company</U>&rdquo;
shall include any successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or
substantially all the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph
or that otherwise becomes obligated under this Agreement by operation of law.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">13.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Arbitration</U>. The parties agree that any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be resolved exclusively by confidential, final and binding arbitration administered
by the American Arbitration Association (&ldquo;<U>AAA</U>&rdquo;) under its Commercial Arbitration Rules and shall be brought
and litigated in Clark County, Nevada. All disputes shall be resolved by one (1) arbitrator. The arbitrator will have the authority
to award the same remedies, damages, and costs that a court could award, and will have the additional authority to award specific
performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without
requiring the posting of a bond or other security). The arbitrator shall issue a reasoned award explaining the decision, the reasons
for the decision, and any damages or other relief awarded. The arbitrator&rsquo;s decision will be final and binding. The judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision and any decision
and award hereunder can be enforced under the Federal Arbitration Act.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white"></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">14.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Governing Law and Venue</U>. This Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Nevada, without regard to conflict of laws rules or principles which might refer the
governance or construction of this Agreement to the laws of another jurisdiction. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">15.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Entire Agreement</U>. This Agreement, and the Exhibits, schedules, and documents attached
and referred to herein, contains the entire agreement among the parties concerning the subject matter hereof and supersedes all
prior agreements and understandings, written and oral, between the parties with respect to the subject matter of this Agreement,
except that all confidentiality, assignment, and non-disclosure provisions and agreements between the Employee and the Company
are still in force and non-superseded. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">16.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Modification: Waiver</U>. No amendment, modification or waiver of this Agreement shall
be effective unless it is in writing and signed by the Employee and by a duly authorized representative of the Company (other than
the Employee). Each party acknowledges and agrees that no breach of this Agreement by the other party or failure to enforce or
insist on its or Employee&rsquo;s rights under this Agreement shall constitute a waiver or abandonment of any such rights or defenses
to enforcement of such rights. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">17.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Severability</U>. If any provision of this Agreement shall be determined by a court or
arbitrator to be invalid or unenforceable, the remaining provisions of this Agreement shall not be affected thereby, shall remain
in full force and effect, and shall be enforceable to the fullest extent permitted by applicable law. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">18.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Counterparts</U>. This Agreement may be executed by the parties in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Counterparts delivered
by electronic mail or facsimile shall be effective.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">[<I>Signatures
on following page.</I>]</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">COMPANY:</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CLEANSPARK, INC.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>a Nevada corporation</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Zach Bradford</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Zach Bradford, CEO</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>EMPLOYEE:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Amanda Kabak</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Amanda Kabak</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>ADDRESS:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; background-color: white">&nbsp;</P>


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</HTML>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>ex10_4.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>AMENDED AND RESTATED
EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Amended and Restated Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of October 26, 2020 (the &ldquo;<U>Effective
Date</U>&rdquo;), is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and
Amer Tadayon (the &ldquo;<U>Employee</U>&rdquo;). This Agreement supersedes and replaces any previous agreements, express or implied,
between the parties concerning employment terms, including, but not limited to, the Employment Agreement executed between the parties
on or around January 31, 2020.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the Employee desires to enter into this Agreement, to be effective as of the Effective Date, which sets forth the terms and conditions
of the Employee&rsquo;s employment with the Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rdquo; means any business dealings of CleanSpark Inc. or its subsidiaries
which includes, energy software and consulting and offering a platform that helps companies go from idea to market by offering
services such as software engineering, design ux/ui, digital content, salesforce, and business development.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Cause</U>&rdquo; means: (i) the Employee&rsquo;s material breach of this Agreement
and such breach is not cured by the Employee within thirty (30) days after written notice from the Company; (ii) the Employee&rsquo;s
failure to perform Employee&rsquo;s material duties and obligations under this Agreement (other than during any period of Disability)
and such failure is not cured by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee&rsquo;s
material malfeasance or material misconduct in connection with the performance of Employee&rsquo;s duties hereunder; (iv) the Employee&rsquo;s
conviction of, or pleading guilty or nolo contendere to, a felony or the equivalent thereof, any other crime having as its predicate
element fraud, dishonesty, misappropriation, moral turpitude, violence or theft; or (v) committing an act of moral turpitude, whether
criminal or not, which would tend to undermine the reputation of the Company.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 12pt">&ldquo;<U>Disability</U>&rdquo; means and shall be deemed to have occurred if, in the Board&rsquo;s
reasonable discretion, after consultation with a physician selected by the Board, the Employee shall have been unable to perform
the essential functions of the Employee&rsquo;s duties, even with reasonable accommodation if required by law, for a period of
not less than one hundred twenty (120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period.
The Employee shall cooperate in submitting to medical examinations and providing medical records to the physician selected by the
Board as reasonably requested by the Board in making a determination of Disability hereunder. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Sale</U>&rdquo; means the sale by the Company of substantially all of the capital
stock or assets of the Company or the following changes in control: (a) the sale of more than 50% of the Company&rsquo;s stock
in one transaction, or (b) a change of at least 60% of the Board within a 30-day period. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employment</U>. The Company agrees to employ the Employee, and the Employee agrees to be
employed by the Company, for the period set forth in Paragraph 3, in the position and with the duties and responsibilities set
forth in Exhibit 1, and upon the other terms and conditions set out in this Agreement. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.95pt 1.7pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Term</U>. The term of the Agreement shall commence on the Effective Date and, shall terminate
as provided herein (the &ldquo;<U>Employment Term</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.05pt 0 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Position and Duties</U>.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 0.5pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Term, the Employee shall serve as the Chief Revenue Officer of the Company. The Employee shall serve and perform
the duties outlined in Exhibit 1 and other executive, managerial or administrative duties, functions or responsibilities as are
from time to time delegated to the Employee by the Company or the Board.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">During the Employment Term, the Employee shall devote sufficient business time, skill, attention
and effort to all facets of the business and affairs of the Company and will use Employee&rsquo;s efforts to discharge fully, faithfully,
and efficiently the duties and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided,
however, nothing herein shall be construed as providing that Employee may not engage in outside business activities so long as
they do not materially conflict with Employee&rsquo;s Employment with Company. During the Employment Term, the Employee shall comply
with all of Company&rsquo;s policies and procedures as they may be adopted, modified or amended from time to time including, but
not limited to, the Code of Business Conduct and Ethics. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">The Company considers the protection of its confidential information, proprietary materials
and goodwill to be extremely important. Accordingly, the Employee will be required to sign the Company&rsquo;s confidentiality,
non-solicitation, non-compete and assignment of inventions agreement attached as <U>Exhibit 2</U> hereto (the &ldquo;<U>Confidentiality,
Non-Solicitation Non-Compete and Assignment of Inventions Agreement</U>&rdquo;), as a condition of Employee&rsquo;s employment.</FONT></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10.55pt 0 0 41.05pt; background-color: white">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Related Matters</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Base Salary</U>. The Company shall pay the Employee a base salary at the annual rate of
not less than Two Hundred Fifty Thousand Dollars (USD $250,000.00) retroactive to October 1, 2020, provided, however, such base
salary shall be earned monthly and payable &ldquo;on a salary basis&rdquo; under applicable federal law (&ldquo;<U>Base Salary</U>&rdquo;).
During the Employment Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board,
but in no event may the Company pay the Employee a Base Salary less than that set forth above during the Employment Term. Payment
of all compensation to the Employee hereunder shall be made in accordance with the terms of this Agreement and applicable Company
policies in effect from time to time, including normal payroll practices, and shall be subject to all applicable withholdings and
taxes. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Annual review</U>. Employee will review Compensation as identified in Paragraphs 5(a),
5(b) and 5(c), with the Chief Executive Officer and/or Compensation Committee no less than annually and as fully defined in Exhibit
3 (as updated annually). Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee
will make a good faith effort to increase compensation accordingly. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Cash Bonus</U>. The Employee shall be entitled to receive a discretionary bonus based on
the annual gross margin of the Company and other benchmarks that may be identified at the discretion of the board of directors
(the &ldquo;<U>Bonus</U>&rdquo;). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to
the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to
be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall
be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be determined by the Compensation committee
and as referenced in Exhibit 3 (as updated annually) but shall be no less than 20% of Base Salary. The bonus percentage may be
subject to adjustment with at least 30 days&rsquo; notice no more than once each fiscal year. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Restricted Stock &amp; Options</U>. Company will grant Employee a combination of Restricted
Stock and Stock Options as incentive compensation that is at least 50% in value to the Employee&rsquo;s base compensation annually.
The combination and vesting schedule shall be determined annually by the Compensation Committee and as referenced in Exhibit 2
(as updated annually). If the Employee is prohibited for regulatory reasons or any other reason mandated by corporate governance
to dispose of any stock or options as a means to satisfy tax obligations in any calendar year, the Company may agree in its sole
discretion to pay the employee an amount equal to the tax obligations, up to a 35% tax rate, which were directly attributable to
such grant of restricted stock or options in that calendar year. In no case will the Company be obligated to pay the employee,
such amount for any other circumstance.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employee Benefits and Perquisites</U>. During the Employment Term, the Employee will be
entitled to: (i) participate in the Company&rsquo;s long-term disability, and health plans (&ldquo;<U>Employee Benefits</U>&rdquo;);
(ii) the perquisites and other fringe benefits that are from time to</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; background-color: white">time
made available by the Company generally to its employees; and (iii) such perquisites and fringe benefits that are from time to
time made available by the Company to the Employee in particular, subject to any applicable terms and conditions of any specific
perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to
adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Employee shall
be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits
only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Employee agrees to
cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such
life and/or disability insurance policies.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Expenses</U>. The Employee shall be entitled to receive reimbursement for all reasonable
and necessary business expenses incurred by the Employee in performing Employee&rsquo;s duties and responsibilities under this
Agreement, consistent with the Company&rsquo;s policies or practices as may from time to time be in effect for reimbursement of
expenses incurred by other Company employees. All expenses shall be reimbursed within fifteen (15) days after Employee submits
an expense report and any required documentation. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Paid Time Off</U>. The Employee shall be eligible for paid time off in accordance with
the policies and practices of the Company as may from time to time be in effect for its employees which will include, at a minimum,
four (4) weeks of paid vacation per calendar year. Employee will also be eligible for any other paid/unpaid time off as required
by law. A maximum of one (1) week (or 40 hours) of accrued paid time off that is unused by January 1<SUP>st</SUP> of the following
year will carry over for use in the following calendar year. At no time will Employee be permitted to have more than five (5) weeks
of paid time off accrued. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Indemnification</U>. The Company shall indemnify the Employee, to the maximum extent permitted
by applicable law, against all costs, charges and expenses incurred or sustained by Employee in connection with any action, suit
or proceeding to which Employee may be made a party by reason of being an officer, director, employee, contractor or agent of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which Employee serves as an officer, director,
or employee at the Company&rsquo;s request.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.25pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Death</U>. This Agreement shall terminate automatically upon the Employee&rsquo;s death.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Disability</U>. The Company may terminate this Agreement at any time upon the Board&rsquo;s
determination of the Employee&rsquo;s Disability pursuant to Section 1(e) above; provided, however, that such termination must
occur while the Disability is in existence and before the Employee returns to work at the Company on a full time basis. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 12pt; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Company for Cause</U>. The Company may immediately terminate this Agreement
for Cause after at least three-fifths (or more than 60%) of the Board determines that Cause exists. </FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Employee (Resignation)</U>. The Employee may terminate this Agreement for any reason, upon at least ten (10) days advance
prior written notice to the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. The Company may terminate this Agreement without Cause upon ten (10) days&rsquo; advance prior
written notice to Employee.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(f)
<U>Termination or Assignment upon a Sale</U>. This Agreement shall terminate automatically upon a Sale provided that the Employee
enters into a new employment agreement with the acquiring entity as a part of the Sale. If no new employment agreement is entered
into with such acquiring entity, then the Company&rsquo;s obligations under this Agreement shall be assigned to and assumed by
such acquiring entity as provided in Paragraph 12 herein.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination of the Employee&rsquo;s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A &ldquo;<U>Notice of Termination</U>&rdquo; is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(h)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Termination Date</U>. The Employment Termination Date shall be as follows: (i) if the Employee&rsquo;s employment is terminated
by Employee&rsquo;s death, the date of Employee&rsquo;s death; (ii) if the Employee&rsquo;s employment is terminated pursuant to
any other provision of this Agreement, the date specified in the Notice of Termination (the &ldquo;<U>Employment Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(i)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Period</U>. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the &ldquo;<U>Transition Period</U>&rdquo;),
the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee by the Board.
The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any work performed
by the Employee for the Company during the Transition Period.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
Upon Termination of Employment</U>.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; background-color: white">In
addition to any other compensation outlined herein, the following compensation shall be paid upon termination of employment under
the following circumstances:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Upon termination of this Agreement because of the Employee&rsquo;s death: (i) the Company shall pay the Employee&rsquo;s estate
the accrued and unpaid portion of the Employee&rsquo;s Base Salary and any Bonuses earned for services provided through the Employment
Termination Date (the &ldquo;<U>Compensation Payment</U>&rdquo;); (ii) the Company shall pay the Employee&rsquo;s estate any reimbursement
for business travel and other expenses to which the Employee is entitled hereunder (the &ldquo;<U>Reimbursement</U>&rdquo;); and
(iii) any unvested portion of any options, stock or</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; background-color: white">other
securities of Company or any of its Affiliates granted to Employee which are subject to vesting (&ldquo;<U>Unvested Securities</U>&rdquo;),
shall immediately be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants
or other convertible securities), regardless of the vesting or termination provisions of such Unvested Securities. For purposes
of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph
7(a), the terms of this Paragraph 7(a) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company shall pay the Employee
the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested Securities shall immediately
be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible
securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for Cause</U>. Upon termination of this Agreement by the Company for Cause
pursuant to Paragraph 6(c), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement. Additionally,
subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory to
the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s compliance
with post-termination obligations and any restrictive covenants, upon termination for Cause, the Company shall provide the Employee
with severance equal to three (3) months of the Employee&rsquo;s Base Salary and other employment benefits if terminated in the
first twelve (12) months of employment and six (6) months of the Employee&rsquo;s Base Salary and other employment benefits thereafter.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Employee (Resignation)</U>. Upon Termination of this Agreement by the
Employee pursuant to Paragraph 6(d), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph 6(e),
except in connection with a termination in connection with a Sale: (i) the Company shall pay the Employee the Compensation Payment;
(ii) the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case
of the stock grants) and become exercisable or convertible (in the case of the stock options, warrants or other convertible securities);
(iv) subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory
to the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s
compliance with post-termination obligations and any restrictive covenants, upon termination by the Company without Cause, the
Company shall provide the Employee with severance equal to six (6) months of the Employee&rsquo;s Base Salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the Employee&rsquo;s Base Salary
and other employment benefits thereafter (&ldquo;Severance&rdquo;); and (v) subject to the same terms as the Severance, the Company
shall pay Employee an amount equal to 100% of the Bonus paid to the Employee during the prior six (6) months. The Severance and
Bonus shall be payable in equal payments over 12 months following the effective date of the termination, and shall be subject
to all applicable withholdings and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested
Securities conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination upon a Sale</U>. Upon termination or assignment of this Agreement pursuant
to Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the
Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable
or convertible (in the case of the stock options, warrants or other convertible securities). For purposes of clarity, to the extent
the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph
7(f) shall govern.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Effect on Other Benefits</U>. The payments provided for in Paragraphs 7(a) through 7(f)
do not limit the entitlement of the Employee or the Employee&rsquo;s estate or beneficiaries to any amounts payable pursuant to
the terms of any applicable disability insurance plan, policy, or similar arrangement that is maintained by the Company for the
Employee&rsquo;s benefit or to any death or other vested benefits to which the Employee may be entitled under any life insurance,
stock ownership, stock options, or other benefit plan or policy that is maintained by the Company for the Employee&rsquo;s benefit.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Mitigation</U>. The Employee will not be required to mitigate the amount of any payment
provided for in this Agreement by seeking other employment or otherwise, nor will the amount of any payment provided for under
this Agreement be reduced by any profits, income, earnings, or other benefits received by the Employee from any source other than
the Company or its successor. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Survival.</U> The expiration or termination of this Agreement will not impair the rights
or obligations of any party hereto that accrues hereunder prior to such expiration or termination, including, but not limited to,
the Company&rsquo;s obligations under Paragraphs&nbsp;5(g) and 7.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Withholding Taxes</U>. The Company shall withhold from any payments to be made to the Employee
pursuant to this Agreement such amounts (including social security contributions and federal income taxes) as shall be required
by federal, state, and local withholding tax laws.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Notices</U>. All notices, requests, demands, and other communications required or permitted
to be given or made by either party shall be in writing and shall be deemed to have been duly given or made (a) when delivered
personally, or (b) when deposited and sent via overnight courier, to the party for which intended at the following addresses (or
at such other addresses as shall be specified by the parties by like notice, except that notices of change of address shall be
effective only upon receipt):</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 11.3pt 0 0 1in; background-color: white">If to the Company, at:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">CleanSpark, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Attn: Chief Counsel</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="background-color: white">1185
S. 1800 W. Suite 3Woods Cross, UT 84087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">E-mail: legal@cleanspark.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 14.15pt 23.75pt 0 1in; background-color: white">If to the Employee,
at: the Employee&rsquo;s then-current home address on file with the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Binding Effect: No Assignment by the Employee: No Third-Party Benefit</U>. This Agreement
shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and
assigns. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments
or other benefits provided under this Agreement; and no benefits payable under this Agreement shall be assignable in anticipation
of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and
distribution. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties,
and their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any
nature whatsoever under or by reason of this Agreement.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Assumption by Successor</U>. Subject to Paragraph 6(f), the Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business
and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly,
absolutely, and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had taken place. As used in this Paragraph, &ldquo;<U>Company</U>&rdquo;
shall include any successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or
substantially all the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph
or that otherwise becomes obligated under this Agreement by operation of law.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">13.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Arbitration</U>. The parties agree that any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be resolved exclusively by confidential, final and binding arbitration administered
by the American Arbitration Association (&ldquo;<U>AAA</U>&rdquo;) under its Commercial Arbitration Rules and shall be brought
and litigated in Clark County, Nevada. All disputes shall be resolved by one (1) arbitrator. The arbitrator will have the authority
to award the same remedies, damages, and costs that a court could award, and will have the additional authority to award specific
performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without
requiring the posting of a bond or other security). The arbitrator shall issue a reasoned award explaining the decision, the reasons
for the decision, and any damages or other relief awarded. The arbitrator&rsquo;s decision will be final and binding. The judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision and any decision
and award hereunder can be enforced under the Federal Arbitration Act.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">14.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Governing Law and Venue</U>. This Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Nevada, without regard to conflict of laws rules or principles which might refer the
governance or construction of this Agreement to the laws of another jurisdiction. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">15.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Entire Agreement</U>. This Agreement, and the Exhibits, schedules, and documents attached
and referred to herein, contains the entire agreement among the parties concerning the subject matter hereof and supersedes all
prior agreements and understandings, written and oral, between the parties with respect to the subject matter of this Agreement,
except that all confidentiality, assignment, and non-disclosure provisions and agreements between the Employee and the Company
are still in force and non-superseded. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">16.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Modification: Waiver</U>. No amendment, modification or waiver of this Agreement shall
be effective unless it is in writing and signed by the Employee and by a duly authorized representative of the Company (other than
the Employee). Each party acknowledges and agrees that no breach of this Agreement by the other party or failure to enforce or
insist on its or Employee&rsquo;s rights under this Agreement shall constitute a waiver or abandonment of any such rights or defenses
to enforcement of such rights. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">17.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Severability</U>. If any provision of this Agreement shall be determined by a court or
arbitrator to be invalid or unenforceable, the remaining provisions of this Agreement shall not be affected thereby, shall remain
in full force and effect, and shall be enforceable to the fullest extent permitted by applicable law. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">18.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Counterparts</U>. This Agreement may be executed by the parties in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Counterparts delivered
by electronic mail or facsimile shall be effective.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">[<I>Signatures
on following page.</I>]</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">COMPANY:</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CLEANSPARK, INC.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>a Nevada corporation</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Zach Bradford</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Zach Bradford, CEO</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>EMPLOYEE:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Amer Tadayon</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Amer Tadayon</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>ADDRESS:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

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<DOCUMENT>
<TYPE>EX-10.5
<SEQUENCE>6
<FILENAME>ex10_5.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">This
Employment Agreement (this &ldquo;<U>Agreement</U>&rdquo;), dated as of October 26, 2020 (the &ldquo;<U>Effective Date</U>&rdquo;),
is entered into by and between CleanSpark, Inc., a Nevada corporation (the &ldquo;<U>Company</U>&rdquo;), and Stephen Matthew Schultz
(the &ldquo;<U>Employee</U>&rdquo;). This Agreement supersedes and replaces any previous agreements, express or implied, between
the parties concerning employment terms.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 36.7pt; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>RECITALS</B></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">WHEREAS,
the Employee desires to enter into this Agreement, to be effective as of the Effective Date, which sets forth the terms and conditions
of the Employee&rsquo;s employment with the Company from and after the Effective Date;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 0.5in">NOW,
THEREFORE, in consideration of the mutual covenants set forth herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0; text-align: center; background-color: white"><B>AGREEMENT</B></P>

<P STYLE="font: 12pt/13.45pt Times New Roman, Times, Serif; margin: 12.95pt 0.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitions</U>.
In addition to the capitalized terms defined elsewhere herein, the following definitions shall be in effect under this Agreement:</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Affiliate</U>&rdquo; means, with respect to any entity, any person or entity, directly
or indirectly controlling or controlled by or under direct or indirect common control with such entity.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.5pt 0 0; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Board</U>&rdquo; means the Board of Directors of the Company.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Business</U>&rdquo; means any business dealings of CleanSpark Inc. or its subsidiaries
which includes, energy software and consulting and offering a platform that helps companies go from idea to market by offering
services such as software engineering, design ux/ui, digital content, salesforce, and business development.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Cause</U>&rdquo; means: (i) the Employee&rsquo;s material breach of this Agreement
and such breach is not cured by the Employee within thirty (30) days after written notice from the Company; (ii) the Employee&rsquo;s
failure to perform Employee&rsquo;s material duties and obligations under this Agreement (other than during any period of Disability)
and such failure is not cured by the Employee within thirty (30) days after written notice from the Company; (iii) the Employee&rsquo;s
material malfeasance or material misconduct in connection with the performance of Employee&rsquo;s duties hereunder; (iv) the
Employee&rsquo;s conviction of, or pleading guilty or nolo contendere to, a felony or the equivalent thereof, any other crime
having as its predicate element fraud, dishonesty, misappropriation, moral turpitude, violence or theft; or (v) committing an
act of moral turpitude, whether criminal or not, which would tend to undermine the reputation of the Company.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-size: 12pt">&ldquo;<U>Disability</U>&rdquo; means and shall be deemed to have occurred if, in the Board&rsquo;s
reasonable discretion, after consultation with a physician selected by the Board, the Employee shall have been unable to perform
the essential functions of the Employee&rsquo;s duties, even with reasonable accommodation if required by law, for a period of
not less than one hundred twenty (120) consecutive days, or one hundred eighty (180) total days, during any twelve (12) month period.
The Employee shall cooperate in submitting to medical examinations and providing medical records to the physician selected by the
Board as reasonably requested by the Board in making a determination of Disability hereunder. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 11.75pt 1.2pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 13pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">&ldquo;<U>Sale</U>&rdquo; means the sale by the Company of substantially all of the capital
stock or assets of the Company or the following changes in control: (a) the sale of more than 50% of the Company&rsquo;s stock
in one transaction, or (b) a change of at least 60% of the Board within a 30-day period. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employment</U>. The Company agrees to employ the Employee, and the Employee agrees to be
employed by the Company, for the period set forth in Paragraph 3, in the position and with the duties and responsibilities set
forth in Exhibit 1, and upon the other terms and conditions set out in this Agreement. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.95pt 1.7pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Term</U>. The term of the Agreement shall commence on the Effective Date and, shall terminate
as provided herein the &ldquo;<U>Employment Term</U>&rdquo;). </FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 11.05pt 0 0; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Position and Duties</U>.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 0.5pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;During
the Employment Term, the Employee shall serve as the Executive Chair of the Company. The Employee shall serve and perform the duties
outlined in Exhibit 1 and other executive, managerial or administrative duties, functions or responsibilities as are from time
to time delegated to the Employee by the Company or the Board.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">During the Employment Term, the Employee shall devote sufficient business time, skill, attention
and effort to all facets of the business and affairs of the Company and will use Employee&rsquo;s efforts to discharge fully, faithfully,
and efficiently the duties and responsibilities delegated and assigned to the Employee in or pursuant to this Agreement; provided,
however, nothing herein shall be construed as providing that Employee may not engage in outside business activities so long as
they do not materially conflict with Employee&rsquo;s Employment with Company. During the Employment Term, the Employee shall comply
with all of Company&rsquo;s policies and procedures as they may be adopted, modified or amended from time to time including, but
not limited to, the Code of Business Conduct and Ethics. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt">The Company considers the protection of its confidential information, proprietary materials
and goodwill to be extremely important. Accordingly, the Employee will be required to sign the Company&rsquo;s confidentiality,
non-solicitation, non-compete and assignment of inventions agreement attached as <U>Exhibit 2</U> hereto (the &ldquo;<U>Confidentiality,
Non-Solicitation Non-Compete and Assignment of Inventions Agreement</U>&rdquo;), as a condition of Employee&rsquo;s employment.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 1.7pt 0pt 1in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 10.55pt 0 0 41.05pt; background-color: white">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
and Related Matters</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Base Salary</U>. The Company shall pay the Employee a base salary at the annual rate of
not less than Three Hundred Fifty Thousand Dollars (USD $350,000.00) retroactive to October 1, 2020, provided, however, such base
salary shall be earned monthly and payable &ldquo;on a salary basis&rdquo; under applicable federal law (&ldquo;<U>Base Salary</U>&rdquo;).
During the Employment Term, the Base Salary will be reviewed annually and is subject to adjustment at the discretion of the Board,
but in no event may the Company pay the Employee a Base Salary less than that set forth above during the Employment Term. Payment
of all compensation to the Employee hereunder shall be made in accordance with the terms of this Agreement and applicable Company
policies in effect from time to time, including normal payroll practices, and shall be subject to all applicable withholdings and
taxes. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Annual review</U>. Employee will review Compensation as identified in Paragraphs 5(a),
5(b) and 5(c), with the Chief Executive Officer and/or Compensation Committee no less than annually and as fully defined in Exhibit
3 (as updated annually). Upon review, if Salary is less than 10% of the comparable Benchmarked Companies, the Compensation Committee
will make a good faith effort to increase compensation accordingly. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Cash Bonus</U>. The Employee shall be entitled to receive a discretionary bonus based on
the annual gross margin of the Company and other benchmarks that may be identified at the discretion of the board of directors
(the &ldquo;<U>Bonus</U>&rdquo;). Payment of the Bonus is conditioned on compliance with applicable law, and shall be payable to
the Employee (i) only if the Employee has not breached the terms of this Agreement, and (ii) only if the Employee continues to
be employed by the Company on the date of determination of the Bonus as well as on the date of payment thereof. Any Bonus shall
be paid at such time as the Company customarily pays bonuses. The bonus percentage(s) shall be determined by the Compensation committee
and as referenced in Exhibit 3 (as updated annually) but shall be no less than 50% of Base Salary. The bonus percentage may be
subject to adjustment with at least 30 days&rsquo; notice no more than once each fiscal year. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Restricted Stock &amp; Options</U>. Company will grant Employee a combination of Restricted
Stock and Stock Options as incentive compensation that is at least 50% in value to the Employee&rsquo;s base compensation annually.
The combination and vesting schedule shall be determined annually by the Compensation Committee and as referenced in Exhibit 2
(as updated annually). If the Employee is prohibited for regulatory reasons or any other reason mandated by corporate governance
to dispose of any stock or options as a means to satisfy tax obligations in any calendar year, the Company may agree in its sole
discretion to pay the employee an amount equal to the tax obligations, up to a 35% tax rate, which were directly attributable to
such grant of restricted stock or options in that calendar year. In no case will the Company be obligated to pay the employee,
such amount for any other circumstance.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Employee Benefits and Perquisites</U>. During the Employment Term, the Employee will be
entitled to: (i) participate in the Company&rsquo;s long-term disability, and health plans (&ldquo;<U>Employee Benefits</U>&rdquo;);
(ii) the perquisites and other fringe benefits that are from time to</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; background-color: white">time
made available by the Company generally to its employees; and (iii) such perquisites and fringe benefits that are from time to
time made available by the Company to the Employee in particular, subject to any applicable terms and conditions of any specific
perquisite or other fringe benefit; provided, however, that nothing contained herein shall be deemed to require the Company to
adopt, maintain or provide any particular plan, program, arrangement, policy, perquisite or fringe benefit. The Employee shall
be required to comply with the conditions attendant to coverage by such plans and shall comply with and be entitled to benefits
only in accordance with the terms and conditions of such plans as they may be amended from time to time. The Employee agrees to
cooperate and participate in any medical or physical examinations as may be required in connection with the applications for such
life and/or disability insurance policies.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Expenses</U>. The Employee shall be entitled to receive reimbursement for all reasonable
and necessary business expenses incurred by the Employee in performing Employee&rsquo;s duties and responsibilities under this
Agreement, consistent with the Company&rsquo;s policies or practices as may from time to time be in effect for reimbursement of
expenses incurred by other Company employees. All expenses shall be reimbursed within fifteen (15) days after Employee submits
an expense report and any required documentation. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Paid Time Off</U>. The Employee shall be eligible for paid time off in accordance with
the policies and practices of the Company as may from time to time be in effect for its employees which will include, at a minimum,
four (4) weeks of paid vacation per calendar year. Employee will also be eligible for any other paid/unpaid time off as required
by law. A maximum of one (1) week (or 40 hours) of accrued paid time off that is unused by January 1<SUP>st</SUP> of the following
year will carry over for use in the following calendar year. At no time will Employee be permitted to have more than five (5) weeks
of paid time off accrued. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Indemnification</U>. The Company shall indemnify the Employee, to the maximum extent permitted
by applicable law, against all costs, charges and expenses incurred or sustained by Employee in connection with any action, suit
or proceeding to which Employee may be made a party by reason of being an officer, director, employee, contractor or agent of the
Company or of any subsidiary or affiliate of the Company or any other corporation for which Employee serves as an officer, director,
or employee at the Company&rsquo;s request.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.25pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Employment</U>.</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Death</U>. This Agreement shall terminate automatically upon the Employee&rsquo;s death.</FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0.25pt 0 0; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Disability</U>. The Company may terminate this Agreement at any time upon the Board&rsquo;s
determination of the Employee&rsquo;s Disability pursuant to Section 1(e) above; provided, however, that such termination must
occur while the Disability is in existence and before the Employee returns to work at the Company on a full time basis. </FONT></P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 12pt; text-align: justify; text-indent: 74.15pt; background-color: white"><FONT STYLE="font-size: 12pt">(c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Company for Cause</U>. The Company may immediately terminate this Agreement
for Cause after at least three-fifths (or more than 60%) of the Board determines that Cause exists. </FONT></P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12.5pt 0 0pt 74.15pt; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Employee (Resignation)</U>. The Employee may terminate this Agreement for any reason, upon at least ten (10) days advance
prior written notice to the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. The Company may terminate this Agreement without Cause upon ten (10) days&rsquo; advance prior
written notice to Employee.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(f)
<U>Termination or Assignment upon a Sale</U>. This Agreement shall terminate automatically upon a Sale provided that the Employee
enters into a new employment agreement with the acquiring entity as a part of the Sale. If no new employment agreement is entered
into with such acquiring entity, then the Company&rsquo;s obligations under this Agreement shall be assigned to and assumed by
such acquiring entity as provided in Paragraph 12 herein.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; background-color: white">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Termination</U>. Any termination of the Employee&rsquo;s employment by the Company or the Employee (other than a termination
pursuant to Paragraph 6(a)) shall be communicated by a Notice of Termination. A &ldquo;<U>Notice of Termination</U>&rdquo; is a
written notice delivered in the manner set forth in Paragraph 10 hereof that must (i) indicate the specific termination provision
in this Agreement relied upon, and (ii) specify the Employment Termination Date.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(h)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment
Termination Date</U>. The Employment Termination Date shall be as follows: (i) if the Employee&rsquo;s employment is terminated
by Employee&rsquo;s death, the date of Employee&rsquo;s death; (ii) if the Employee&rsquo;s employment is terminated pursuant to
any other provision of this Agreement, the date specified in the Notice of Termination (the &ldquo;<U>Employment Termination Date</U>&rdquo;).</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><U>(i)</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Transition
Period</U>. Upon termination of this Agreement, and for a period of thirty (30) days thereafter (the &ldquo;<U>Transition Period</U>&rdquo;),
the Employee agrees to make Employee available to assist the Company with transition projects assigned to Employee by the Board.
The Employee will be paid at an agreed upon hourly rate commensurate with the industry standard rate of pay for any work performed
by the Employee for the Company during the Transition Period.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compensation
Upon Termination of Employment</U>.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0.7pt 0 0; text-align: justify; background-color: white">In
addition to any other compensation outlined herein, the following compensation shall be paid upon termination of employment under
the following circumstances:</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Death</U>.
Upon termination of this Agreement because of the Employee&rsquo;s death: (i) the Company shall pay the Employee&rsquo;s estate
the accrued and unpaid portion of the Employee&rsquo;s Base Salary and any Bonuses earned for services provided through the Employment
Termination Date (the &ldquo;<U>Compensation Payment</U>&rdquo;); (ii) the Company shall pay the Employee&rsquo;s estate any reimbursement
for business travel and other expenses to which the Employee is entitled hereunder (the &ldquo;<U>Reimbursement</U>&rdquo;); and
(iii) any unvested portion of any options, stock or other securities of Company or any of its Affiliates granted to Employee which
are subject to vesting (&ldquo;<U>Unvested Securities</U>&rdquo;), shall immediately be issued (in the case of the stock grants)
and become exercisable (in the case of the stock options, warrants or other convertible securities), regardless of the vesting
or termination provisions of such Unvested Securities. For purposes of clarity, to the extent the vesting or other provisions
of any Unvested Securities conflict with the terms of this Paragraph 7(a), the terms of this Paragraph 7(a) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0pt 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disability</U>.
Upon termination of this Agreement by the Company due to Disability pursuant to Paragraph 6(b): (i) the Company shall pay the Employee
the Compensation Payment; (ii) the Company shall pay the Employee the Reimbursement; and (iii) any Unvested Securities shall immediately
be issued (in the case of the stock grants) and become exercisable (in the case of the stock options, warrants or other convertible
securities). For purposes of clarity, to the extent the vesting or other provisions of any Unvested Securities conflict with the
terms of this Paragraph 7(b), the terms of this Paragraph 7(b) shall govern.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white; text-indent: 1in">(c)
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination for Cause</U>. Upon termination of this Agreement by the Company for Cause
pursuant to Paragraph 6(c), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement. Additionally,
subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory to
the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s compliance
with post-termination obligations and any restrictive covenants, upon termination for Cause, the Company shall provide the Employee
with severance equal to three (3) months of the Employee&rsquo;s Base Salary and other employment benefits if terminated in the
first twelve (12) months of employment and six (6) months of the Employee&rsquo;s Base Salary and other employment benefits thereafter.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination by the Employee (Resignation)</U>. Upon Termination of this Agreement by the
Employee pursuant to Paragraph 6(d), the Company shall pay the Employee: (i) the Compensation Payment; and (ii) the Reimbursement.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
by the Company Without Cause</U>. Upon termination of this Agreement by the Company without Cause pursuant to Paragraph 6(e),
except in connection with a termination in connection with a Sale: (i) the Company shall pay the Employee the Compensation Payment;
(ii) the Company shall pay the Employee the Reimbursement; (iii) any Unvested Securities shall immediately be issued (in the case
of the stock grants) and become exercisable or convertible (in the case of the stock options, warrants or other convertible securities);
(iv) subject to the signing by Employee of a general release of all claims against the Company in a form and manner satisfactory
to the Company, and after the expiration of any revocation rights under that general release, and subject to Executive&rsquo;s
compliance with post-termination obligations and any restrictive covenants, upon termination by the Company without Cause, the
Company shall provide the Employee with severance equal to six (6) months of the Employee&rsquo;s Base Salary and other employment
benefits if terminated in the first twelve (12) months of employment and twelve (12) months of the Employee&rsquo;s Base Salary
and other employment benefits thereafter (&ldquo;Severance&rdquo;); and (v) subject to the same terms as the Severance, the Company
shall pay Employee an amount equal to 100% of the Bonus paid to the Employee during the prior six (6) months. The Severance and
Bonus shall be payable in equal payments over 12 months following the effective date of the termination, and shall be subject
to all applicable withholdings and taxes. For purposes of clarity, to the extent the vesting or other provisions of any Unvested
Securities conflict with the terms of this Paragraph 7(e), the terms of this Paragraph 7(e) shall govern.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 11.5pt 1.45pt 0 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Termination upon a Sale</U>. Upon termination or assignment of this Agreement pursuant
to Paragraph 6(f): (i) the Company shall pay the Employee the Compensation Payment; (ii) the Company shall pay the Employee the
Reimbursement; and (iii) any Unvested Securities shall immediately be issued (in the case of the stock grants) and become exercisable
or convertible (in the case of the stock options, warrants or other convertible securities). For purposes of clarity, to the extent
the vesting or other provisions of any Unvested Securities conflict with the terms of this Paragraph 7(f), the terms of this Paragraph
7(f) shall govern.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Effect on Other Benefits</U>. The payments provided for in Paragraphs 7(a) through 7(f)
do not limit the entitlement of the Employee or the Employee&rsquo;s estate or beneficiaries to any amounts payable pursuant to
the terms of any applicable disability insurance plan, policy, or similar arrangement that is maintained by the Company for the
Employee&rsquo;s benefit or to any death or other vested benefits to which the Employee may be entitled under any life insurance,
stock ownership, stock options, or other benefit plan or policy that is maintained by the Company for the Employee&rsquo;s benefit.</FONT></P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.7pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in; background-color: white"><FONT STYLE="font-size: 12pt">(h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>No Mitigation</U>. The Employee will not be required to mitigate the amount of any payment
provided for in this Agreement by seeking other employment or otherwise, nor will the amount of any payment provided for under
this Agreement be reduced by any profits, income, earnings, or other benefits received by the Employee from any source other than
the Company or its successor. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Survival.</U> The expiration or termination of this Agreement will not impair the rights
or obligations of any party hereto that accrues hereunder prior to such expiration or termination, including, but not limited to,
the Company&rsquo;s obligations under Paragraphs&nbsp;5(g) and 7.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Withholding Taxes</U>. The Company shall withhold from any payments to be made to the Employee
pursuant to this Agreement such amounts (including social security contributions and federal income taxes) as shall be required
by federal, state, and local withholding tax laws.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Notices</U>. All notices, requests, demands, and other communications required or permitted
to be given or made by either party shall be in writing and shall be deemed to have been duly given or made (a) when delivered
personally, or (b) when deposited and sent via overnight courier, to the party for which intended at the following addresses (or
at such other addresses as shall be specified by the parties by like notice, except that notices of change of address shall be
effective only upon receipt):</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 11.3pt 0 0 1in; background-color: white">If to the Company, at:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">CleanSpark, Inc.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">Attn: Chief Counsel</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify"><FONT STYLE="background-color: white">1185
S. 1800 W. Suite 3Woods Cross, UT 84087</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">E-mail: legal@cleanspark.com</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 14.15pt 23.75pt 0 1in; background-color: white">If to the Employee,
at: the Employee&rsquo;s then-current home address on file with the Company.</P>

<P STYLE="font: 12pt/13.7pt Times New Roman, Times, Serif; margin: 12pt 1.45pt 0 0.25pt; text-align: justify; text-indent: 35.75pt; background-color: white">Notice
so given shall, in the case of overnight courier, be deemed to be given and received on the date of actual delivery and, in the
case of personal delivery, on the date of delivery.</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">11.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Binding Effect: No Assignment by the Employee: No Third-Party Benefit</U>. This Agreement
shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors, and
assigns. The Employee shall not have any right to pledge, hypothecate, anticipate, or in any way create a lien upon any payments
or other benefits provided under this Agreement; and no benefits payable under this Agreement shall be assignable in anticipation
of payment either by voluntary or involuntary acts, or by operation of law, except by will or pursuant to the laws of descent and
distribution. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than the parties,
and their respective heirs, legal representatives, successors, and permitted assigns, any rights, benefits, or remedies of any
nature whatsoever under or by reason of this Agreement.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">12.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Assumption by Successor</U>. Subject to Paragraph 6(f), the Company shall require any successor
or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or substantially all of the business
and/or assets of the Company, by agreement in writing in form and substance reasonably satisfactory to the Employee, expressly,
absolutely, and unconditionally to assume and agree to perform this Agreement in the same manner and to the same extent that the
Company would be required to perform it if no such succession or assignment had taken place. As used in this Paragraph, &ldquo;<U>Company</U>&rdquo;
shall include any successor or assignee (whether direct or indirect, by purchase, merger, consolidation, or otherwise) to all or
substantially all the business and/or assets of the Company that executes and delivers the agreement provided for in this Paragraph
or that otherwise becomes obligated under this Agreement by operation of law.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">13.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Arbitration</U>. The parties agree that any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be resolved exclusively by confidential, final and binding arbitration administered
by the American Arbitration Association (&ldquo;<U>AAA</U>&rdquo;) under its Commercial Arbitration Rules and shall be brought
and litigated in Clark County, Nevada. All disputes shall be resolved by one (1) arbitrator. The arbitrator will have the authority
to award the same remedies, damages, and costs that a court could award, and will have the additional authority to award specific
performance and/or injunctive or other relief in order to enforce or prevent any violations of the provisions hereof (without requiring
the posting of a bond or other security). The arbitrator shall issue a reasoned award explaining the decision, the reasons for
the decision, and any damages or other relief awarded. The arbitrator&rsquo;s decision will be final and binding. The judgment
on the award rendered by the arbitrator may be entered in any court having jurisdiction thereof. This provision and any decision
and award hereunder can be enforced under the Federal Arbitration Act.</FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt"></FONT></P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0pt 0.5in; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">14.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Governing Law and Venue</U>. This Agreement shall be governed by, construed and enforced
in accordance with the laws of the State of Nevada, without regard to conflict of laws rules or principles which might refer the
governance or construction of this Agreement to the laws of another jurisdiction. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">15.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Entire Agreement</U>. This Agreement, and the Exhibits, schedules, and documents attached
and referred to herein, contains the entire agreement among the parties concerning the subject matter hereof and supersedes all
prior agreements and understandings, written and oral, between the parties with respect to the subject matter of this Agreement,
except that all confidentiality, assignment, and non-disclosure provisions and agreements between the Employee and the Company
are still in force and non-superseded. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">16.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Modification: Waiver</U>. No amendment, modification or waiver of this Agreement shall
be effective unless it is in writing and signed by the Employee and by a duly authorized representative of the Company (other than
the Employee). Each party acknowledges and agrees that no breach of this Agreement by the other party or failure to enforce or
insist on its or Employee&rsquo;s rights under this Agreement shall constitute a waiver or abandonment of any such rights or defenses
to enforcement of such rights. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">17.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Severability</U>. If any provision of this Agreement shall be determined by a court or
arbitrator to be invalid or unenforceable, the remaining provisions of this Agreement shall not be affected thereby, shall remain
in full force and effect, and shall be enforceable to the fullest extent permitted by applicable law. </FONT></P>

<P STYLE="font: 10pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; text-indent: 0.5in; background-color: white"><FONT STYLE="font-size: 12pt">18.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 12pt"><U>Counterparts</U>. This Agreement may be executed by the parties in any number of counterparts,
each of which shall be deemed an original, but all of which shall constitute one and the same agreement. Counterparts delivered
by electronic mail or facsimile shall be effective.</FONT></P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">[<I>Signatures
on following page.</I>]</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">&nbsp;</P>


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<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 12pt 0.95pt 0 0; text-align: center; background-color: white">&nbsp;</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">IN
WITNESS WHEREOF, the Company and the Employee have executed this Agreement effective as of the Effective Date.</P>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 12pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 25%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 35%">COMPANY:</TD>
    <TD STYLE="width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>CLEANSPARK, INC.,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>a Nevada corporation</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Larry McNeill</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Larry McNeill, Chairman
of the</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Compensation Committee</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>EMPLOYEE:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>Dated: 10/26/2020</TD>
    <TD>&nbsp;</TD>
    <TD>By: <U>/s/ Stephen Matthew Schultz</U></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>Stephen Matthew Schultz</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>ADDRESS:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 12pt/13.9pt Times New Roman, Times, Serif; margin: 0 0 0 0.7pt; text-align: justify; text-indent: 35.3pt; background-color: white"></P>


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