Party A entrusts Party B to lease mining machines for 365 days. Party A pays an upfront rental fee and Party B hosts the machines, deducting 15% of daily mining revenue for electricity, management fees, and taxes. After the lease expires, Party A can choose to renew or have the machines returned. The contract outlines the rights and obligations of both parties and terminates if mining becomes prohibited.
Party A entrusts Party B to lease mining machines for 365 days. Party A pays an upfront rental fee and Party B hosts the machines, deducting 15% of daily mining revenue for electricity, management fees, and taxes. After the lease expires, Party A can choose to renew or have the machines returned. The contract outlines the rights and obligations of both parties and terminates if mining becomes prohibited.
Party A entrusts Party B to lease mining machines for 365 days. Party A pays an upfront rental fee and Party B hosts the machines, deducting 15% of daily mining revenue for electricity, management fees, and taxes. After the lease expires, Party A can choose to renew or have the machines returned. The contract outlines the rights and obligations of both parties and terminates if mining becomes prohibited.
Party A entrusts Party B to entrust the leased mining machine. Both
parties sign this contract after friendly negotiation: 1. Service content and method 1.1. Mining machine rental 1.1.1. The leased mining machines are as follows: For the corresponding service platform mining machine 1.1.2. Party A chooses to lease the mining machine, and the lease term is 365 days, starting from the day when the mining machine goes online for mining (including the day). Mining machine level changes are subject to the final display on the service platform. 1.1.3. Payment method: Party A shall pay Party B the total rental fee at one time within 1 working day after the signing of the contract. The rental fee must be paid in full at one time and will not be refunded after payment, that is, no matter what the reasons are, Party A shall not ask Party B to refund. 1.2. Mining machine hosting Party A entrusts Party B to entrust the leased mining machine, and Party B provides hosting services for Party A and charges electricity fee, management fee, and personal income tax. Party B shall deduct 15% from the total daily mining revenue of Party A. 1.3. Changes in fees: electricity fees, management fees, and taxes are subject to local market conditions (such as: high-water season, low-water season, national policies and other factors such as rise or fall in electricity fees, management and construction costs, and local tax increases and decreases, etc.), Party B has the right to conduct market Party A has the right to know the price adjustment, and the specific price is subject to the notice of Party B. 1.4. Income distribution 1.4.1. After Party A entrusts the mining machine to Party B, the daily mining revenue can be obtained from the digital asset revenue based on the computing power coefficient disclosed by USDT, which is a fixed computing power value of the factory equipment. It can also be provided by reference to third-party platforms. market reference data. 1.4.2. After deducting electricity fees, management fees and taxes, the daily mining income is the daily mining net income. Party B will settle the daily mining net income in the form of T+1 day to the designated value of Party A on the service platform of Party B. Personal or company bank account. 2. The rights and obligations of both parties 2.1. Party A's rights and obligations 2.1.1. After the lease expires, Party A has the right to notify Party B in writing 3 working days in advance to suspend mining. During the mining suspension period, no mining income will be generated, and Party A has the right to withdraw the purchased mining machine after the lease expires one year. It shall be mailed by Party B to Party A's address. If Party A terminates the service 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 If Party A terminates the hosting of the mining machine in advance, Party B has the right to terminate this contract, and the fees paid by Party A will not be refunded. 2.1.3. Party A shall pay the fees to Party B according to the agreement. If the fees are not paid as agreed, Party B has the right to terminate this contract and investigate the liability of Party A 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 will launch the mining machine purchased by Party A after signing this contract and receiving the contract fee. 2.2.2. After Party B collects the contract fee, it will guarantee the normal operation of the mining machine for one year. 2.2.3. Party B shall ensure that the power supply of the mining machine is stable and there is no power outage, except for force majeure factors. 3. Liability for breach of contract 3.1. Both Party A and Party B shall perform their rights and obligations in strict accordance with this contract. In case of breach of this contract, the breaching party shall compensate the non-observing party for all losses caused thereby. 3.2. Party B shall not bear any responsibility for power outages, damage to mines and mining machines caused by force majeure such as natural disasters (floods, mudslides, earthquakes, hurricanes, etc.), policy influences (documents issued by the state, etc.), wars, political turmoil, etc. If the force majeure cannot be resolved for more than 7 days, the contract will be automatically terminated, the two parties will not hold each other accountable, and the fees paid by Party A will not be refunded. 4. Risk Warning 4.1. The digital currency market is a brand-new market with 24-hour open trading and no limit on price fluctuations. Its currency value is highly uncertain, and there may even be sharp rises and falls in the short term. Therefore, the benefits of mining There is a higher risk, Party A needs to understand and choose carefully. 4.2. This contract does not involve digital currency transactions. If Party A participates in third-party digital currency transactions by itself, it shall bear its own responsibilities and risks. 4.3. Party A understands and accepts that this contract will be automatically terminated if the mining activities are suspended or prohibited due to changes in objective circumstances such as the formulation or revision of relevant national laws, regulations and normative documents, and both parties shall not pursue each other. The resulting losses shall be borne by itself, and the fees paid by Party A will not be refunded. 5. Effectiveness of the contract and others 5.1. This contract is made in duplicate, each party A and B will hold one copy, which will become effective after being signed and sealed by both parties. 5.2. Upon the expiration of the purchase custody period stipulated in this contract, this contract will be automatically terminated, and Party B has the right to take back or dispose of the mining machines purchased by Party A. If the contract is renewed, the two parties will negotiate and sign a new contract. 5.3. Disputes between the two parties arising from the performance of this contract should be resolved through friendly negotiation by both parties. If the negotiation cannot be resolved, either party may submit it to the local court for arbitration. The result of the award is final and binding on both parties. 5.4. Matters not covered in this contract shall be resolved through negotiation between the two parties and a supplementary contract shall be signed. The supplementary contract has the same effect as this contract.
United States v. Adolphus Hohensee, An Individual, Scientific Living, Inc., A Corporation, El Rancho Adolphus Products, Inc., A Corporation, 251 F.2d 147, 3rd Cir. (1957)
A Simple Guide for Drafting of Conveyances in India : Forms of Conveyances and Instruments executed in the Indian sub-continent along with Notes and Tips