Second Amendment To The Equipment Finance And Security Agreement Dated April 1, 2021
Exhibit 10.7
SECOND AMENDMENT
TO THE
EQUIPMENT FINANCE AND SECURITY AGREEMENT
dated
April 1, 2021
WHEREAS:
(A) | Foundry Digital LLC (“Foundry”) and Cosmos Infrastructure LLC (“Cosmos”) entered into the Equipment Finance and Security Agreement, dated January 27, 2021 (“Agreement”); |
(B) | Pursuant to the Agreement, Cosmos agreed to finance certain mining equipment (“Equipment”) from Foundry; |
(C) | Cosmos, as Borrower, amended the Payment Schedule of the Agreement via amendment, dated February 5, 2021 (“Amendment”); and |
(D) | Cosmos now seeks to amend Schedule B of the Agreement in its entirety by executing an amendment to the Agreement. |
NOW THEREFORE, the parties agree to amend the Agreement (“Second Amendment”) as follows:
(1) | Schedule B Replacement- Schedule B of the Agreement shall be deleted in its entirety and replaced with the attached Schedule B. |
(2) | No Other Modification. Except as specifically modified herein, all of the terms and conditions of the Agreement shall remain unchanged and in full force and effect. |
[Signature page follows]
IN WITNESS WHEREOF, each of the undersigned has executed this Agreement as of the date first written above.
COSMOS INFRASTRUCTURE LLC | ||
Per: | /s/ James Manning | |
Name: | James Manning | |
Title: | CEO | |
FOUNDRY DIGITAL LLC | ||
Per: | /s/ Mike Colyer | |
Name: | Mike Colyer | |
Title: | CEO |
2
SCHEDULE “B”
DESCRIPTION OF PROPERTY
Manufacturer | Model | Units Delivered | |||||||
MicroBT | Whatsminer M30S-84T | 32 | |||||||
MicroBT | Whatsminer M30S-86T | 168 | |||||||
MicroBT | Whatsminer M30S-88T | 149 | |||||||
MicroBT | Whatsminer M30S-90T | 129 | |||||||
MicroBT | Whatsminer M30S-92T | 22 |
Total Units Delivered: 500
Serial numbers for each unit included below:
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SVM1ES603820121209030124143A00089
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SVM1ES603820121209030124143A00133
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SVM1ES603820121209030124143A00128
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SVM1ES603820121309030124143A00077
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SVM1ES603820121509030124143A00012
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SVM1ES603820121409030124143A00102
SVM1ES503820121308630123943A00036
SVM1ES603820121409030124143A00104
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SVM1ES603820121509030124143A00014
SVM1ES603820121509030124143A00002
SVM1ES503820121408630123943A00013
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SVM1ES503820121408630123943A00025
SVM1ES603820121509030124143A00017
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SVM1ES503820121408630123943A00063
SVM1ES503820121408630123943A00003
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SVM1ES603820121509030124143A00015
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SVM1ES503820121408630123943A00019
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SVM1ES603820121409030124143A00099
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SVM1ES503820121408630123943A00032
SVM1ES503820121408630123943A00028
SVM1ES603820121509030124143A00026
SVM1ES603820121409030124143A00101
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