Contract of lease and equipment hosting service
mailbox： Contact information：
Party B：ORIENTAL UNION EXPLOIT TECHNOLOGY CO.，LIMITED
address：UNIT D 16/F ONE CAPITAL PLACE 18 LUARD RD WAN CHAI HONG KONG
mailbox： Contact information：
Party A leases a seat from Party B and entrusts Party B to manage it. The two parties signed this contract after friendly negotiation:
1. Service content and methods
1.1、Hosting of Mining Rigs
1.1.1、For investments and earnings, please check the data published on the Hosting page for details. Hosting period is 365 days which is calculated from the effective date of the contract after payment.
1.1.2、The payment is directly paid in USDT and settled to the user's USDT wallet.
1.2、Hosting operation and management: Party be is responsible for management and operation.
1.3、Earnings Fluctuation: If the mine is closed or the electricity price is increased significantly due to national and regional policies and force majeure, Party B will announce to Party A and make corresponding adjustments.
1.4.1、After Party A entrusts Party B with the management of the machine seat and goes online,The revenue generated by the machine seat is directly settled to the user's wallet after the lease term expires, and the investment and electricity fee difference income can be withdrawn after the lease term expires .
2. The rights and obligations of both parties
2.1、Party A's rights and obligations
2.1.1、If Party A terminates hosting of mining rigs in advance, Party B has the right to terminate this contract, and the fees paid by Party A will not be refunded.
2.1.2、Party A shall pay the fees to Party B in compliance with the contract. If Party A fails to pay the fees as agreed, Party B has the right to terminate this contract and pursue Party A’s liability for breach of contract. The fees paid by Party A will not be refunded.
2.2、Party B's rights and obligations
2.2.1、Party B shall ensure that the mine sits are sufficient after signing this contract and receiving the contractual fees.
2.2.2、Party B shall ensure the normal functions of the hosting facilities after receiving all the agreed fees in the contract.
2.2.3、Party B shall ensure that the power supply of the equipment is stable and there is no power outage, except for force majeure.
3. Liability for breach of contract
3.1、Party A and Party B shall perform the rights and obligations of each party strictly in accordance with the contract. In case of violation of this contract, the breaching party shall compensate the observant party for all the losses caused thereby to the observant party.
3.2、Party B shall not assume any responsibility for power outages, site and equipment damage caused by force majeure such as natural disasters (floods, mudslides, earthquakes, hurricanes, etc.), policy impacts (national release documents, etc.), wars, political unrest and other force majeure. If force majeure occurs and cannot be resolved for more than 7 days, this contract will be automatically terminated, and both parties will not hold each other accountable.
4.1、The digital asset market is a brand-new market with features such as 24-hour trading and no limits on price ups and downs. Its price rises has extreme uncertainty, and there may even be sudden rises and falls in the short term. Therefore, there is a higher risk of hosting, and Party A needs to understand in depth and choose thoughtfully.
4.2、This contract does not involve digital asset transactions. If Party A participates in third-party digital asset transactions on its own, it shall bear the responsibility and risk.
4.3、Party A understands and accepts that if the hosting and colocation of mining rigs in the contract is suspended or prohibited due to changes in the issuance or modification of relevant national laws, regulations, and regulatory documents, this contract will be automatically terminated. The two sides may not be held accountable to each other. The fees paid by Party A will be charged according to the actual hosting time. The rental fee and electricity fee not occurred will be refunded to Party A's account within 15 working days, and all equipment return costs shall be borne by Party A.
5.Effectuation of Contract and Others
5.1、This contract is in duplicate, each party holding one copy, and it will take effect after being signed and sealed by both parties.
5.2、Upon expiration of the machine leasing and hosting of mining machine period stipulated in this contract, this contract will automatically terminate. If the contract is renewed, both parties will negotiate and sign a new contract. If the contract needs to be renewed, the two parties will negotiate and sign a new contract.
5.3、Disputes between the two parties caused by the performance of this contract shall be settled through friendly negotiation by both parties first. If the negotiation cannot be resolved, either party may apply to the Hong Kong International Arbitration Commission for arbitration, and the result will be final and binding on both parties.
5.4、Issues not covered in this contract shall be settled through negotiation between the two parties. The supplementary contract signed has the same effect as this contract.
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Party A： (sign and stamp)
Party B：ORIENTAL UNION EXPLOIT TECHNOLOGY CO.，LIMITED (sign and stamp)