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Mining machine purchase and custody

service contract
Name of Party A: Karen Samson
Tether ID:
WhatsApp:
Telegram: Karen Samson
Identification number:
Contact address:

Name of Party B:Tether Operations Limited.,USA


Philippines branch domain name: https://www.poolusdt.com

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.

Party A: (sign and stamp)

Party B: (sign and stamp)

Authorized representative:
Signing time:

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