附件10.1

證券購買協議

本證券購買協議（本“協議”），日期爲2024年10月10日，由中北能源集團。INC.，一家英屬維京群島公司（“公司”），以及STREETERVILLE CAPITAL，LLC，一家猶他州有限責任公司，以及其繼任者和/或受讓方（“投資者”).

公司和投資者根據1933年修訂的證券法（以下簡稱「證券法」）規定的豁免執行和交付本協議。1933法案”）。SEC”).

b. 投資者希望購買，公司希望發行和賣出，根據本協議中規定的條款和條件發行一份可轉換的應付票據，附錄中附有的形式爲 附錄 A，原始本金金額爲$3,149,750.00（"單張債券），可轉換爲公司的A類普通股，無面值（"A類普通股），根據該票據中規定的條款和受限制和條件轉換。

C. 本協議、該票據以及在本協議項下交付給任何一方的所有其他證書、文件、協議、決議和工具，不論何時修訂，統稱爲“交易文件”.

D.根據本協議的目的：“Conversion Shares”指所有或任何部分轉換後可發出的A類普通股；和“證券”表示該票據和轉換股份。

現在，因此鑑於上述背景和其他充分而有價值的考慮，特此確認收到，公司和投資者特此達成以下協議：

1. 證券的購買和銷售.

1.1. 證券購買公司應向投資者發行並賣出票據，投資者應向公司支付購買價格（如下所定義）。

1.2. 付款方式在收盤日期（如下定義），投資者應通過可立即使用的資金以電匯方式向公司支付購買價格。

1.3. 結束日期。根據第5條和第6條中所規定的條件的滿足（或書面豁免），根據本協議發行和銷售債券的日期（“結束日期。”）應爲2024年10月10日，或另一日期，雙方商定的時間。根據本協議擬議的交易應在「協議」結盤”）應通過電子郵件交換籤署的.pdf文件形式進行，但在一切目的上應將其視爲發生在猶他州利海的Hansen Black Anderson Ashcraft PLLC辦事處。

1.4. 該備忘錄的抵押品。該票據應爲無擔保。

1.5. 原始發行折扣；交易費用金額本票票面金額爲$204,750.00，同時還存在原始發行折讓（“OID”）。此外，公司同意支付$20,000.00給投資者，以支付投資者在購買和出售證券過程中發生的法律費用、會計成本、盡職調查、監控和其他交易費用（“交易費用金額Deposit Withdrawal Agent Commission系統每股15.50美元”，因此，應爲$2,925,000.00，計算如下：$3,149,750.00 初始本金餘額，減去折讓金額，減去交易費用金額。

2. 投資者的聲明和保證投資者聲明並保證公司，截止日期之前：(i) 本協議已被合法授權；(ii) 本協議構成投資者的有效約束協議，並可按照其條款執行；(iii) 投資者符合《1933法案修訂案》D條例501(a)所定義的「合格投資者」資格。

3. 公司的陳述和擔保。公司向投資者陳述並保證，截至截止日期：（i）公司是一家根據其註冊所在司法管轄區的法律正式組建、有效存在且信譽良好的公司，擁有擁有其財產和按目前開展業務的必要公司權力；（ii）公司具有開展業務或所擁有財產的外國公司的正式資格，並且在經營業務性質或所擁有財產的每個司法管轄區均信譽良好此類資格是必要的；(iii) 公司已註冊經修訂的1934年《證券交易法》第12（b）條規定的A類普通股（”1934 年法案”），並有義務根據1934年法案第13條或第15（d）條提交報告；（iv）每份交易文件以及此處及由此設想的交易均已獲得公司的正式有效授權，並已採取所有必要行動；（v）本協議、本票據和其他交易文件已由公司正式簽署和交付，構成公司可依據的有效和具有約束力的義務及其條款；(vi) 公司執行和交付交易文件，根據本協議條款發行證券以及公司完成交易文件所考慮的其他交易，不會也不會與公司違反 (a) 公司成立文件或章程（每項現行生效的）（b）任何契約、抵押貸款、信託契約或其他實質性協議或文書的任何條款或規定，或構成違約公司是其或其任何財產或資產的當事方或受其約束，包括不是限制、A類普通股的任何上市協議，或 (c) 任何法院、美國聯邦、州或外國監管機構、行政機構或其他對公司或公司任何財產或資產具有管轄權的政府機構的任何現行適用法律、規則或法規，或任何適用的法令、判決或命令；(vii) 任何法院、政府機構、監管機構、自我監管組織或證券交易所的進一步授權、批准或同意或市場或公司的股東或任何貸款人公司必須獲得才能向投資者發行證券或簽訂交易文件；(viii) 公司向美國證券交易委員會提交的文件在提交時均不包含任何不真實的重大事實陳述，也沒有遺漏陳述其中要求陳述或在其中作出陳述所必需的任何重要事實，但不具有誤導性；(ix) 在過去的十二年中（12）個月，公司已提交所有報告、附表、表格、報表等公司根據1934年法案必須及時向美國證券交易委員會提交的文件，或已獲得有效延長的文件，並在任何此類延期到期之前提交了任何此類報告、附表、表格、聲明或其他文件；(x) 任何法院、公共董事會或機構之前或由任何法院、公共董事會或機構審理或威脅或影響公司之前或之前沒有任何訴訟、訴訟、程序、詢問或調查，據公司所知，或由任何政府機構或非政府部門、委員會、董事會、局、機構執行或工具或任何其他人，其中不利的決定、裁決或調查結果將對公司產生重大不利影響，或對任何交易文件的有效性或可執行性或公司履行其義務的權限或能力產生不利影響；(xi) 公司尚未完成根據1934年法案向美國證券交易委員會提交的定期文件或當前報告中未披露的任何融資交易；(xii) 公司不是，在過去十二（12）個月中的任何時候，「殼牌」 也從未出現過公司”，1933年法案第144（i）（1）條對此類的 「發行人」 進行了描述；（xiii），涉及由於本協議或本協議所考慮的交易，公司將或將要向任何個人或實體支付的任何佣金、配售代理或發現者費用或類似款項（”經紀人費用”），任何此類經紀費將完全符合所有適用的法律法規，並且僅向註冊投資顧問或註冊經紀交易商的個人或實體收取；（xiv）投資者對任何經紀費或由他人或代表他人就本小節所述費用可能應付的與本小節所述費用有關的任何索賠均不承擔任何義務，公司應給予賠償使每位投資者、投資者的員工、高級職員、董事免受損害，股東、會員、經理、代理人和合夥人及其各自的關聯公司因任何此類申領的經紀費而遭受的所有索賠、損失、損害、成本（包括準備費用和律師費）和費用；(xv) 投資者及其任何高級職員、董事、股東、成員、經理、員工、代理人或代表均未向公司或其任何高級職員、董事、員工作出任何陳述或保證、代理人或代表，交易中明確規定的除外文件，在決定進行交易文件所設想的交易時，公司不依賴投資者或其高級職員、董事、成員、經理、員工、代理人或代表的任何陳述、保證、契約或承諾；(xvi) 公司承認猶他州與交易文件所設想的交易以及可能產生的與交易相關的任何爭議有合理的關係和足夠的接觸那是法律猶他州的地點和地點，具體見下文第10.2節，應適用於交易文件及其所設想的交易；（xvii）公司已通知納斯達克，它打算受英屬維爾京群島的本國慣例約束，已就依賴本國慣例向美國證券交易委員會提交了所有適用的申報，因此《納斯達克上市規則》第5635（d）條不適用於公司；（xviii）公司已諮詢法律顧問並進行了自己的盡職調查，並了解這一點根據1934年法案，投資者未註冊爲 「交易商」；並且（十九）公司已對投資者及其關聯公司進行了盡職調查和背景研究，並已收到並審查了投資者提供的盡職調查數據包。公司了解上述第 (xviii) 和 (xix) 小節中描述的事項和法律問題，承認並同意此類事項或任何類似事項與交易文件和契約所設想的交易無關，並同意不會使用任何此類信息或法律理論作爲履行交易文件義務的辯護，也不會試圖避免、修改、減少、撤銷或撤銷此類義務。

4. 公司契約。在公司根據所有交易文件承擔的所有義務得到全額支付和履行之前，或者在下文特別規定的時限內，公司將始終遵守以下承諾：(i) 只要投資者實益擁有任何證券，並在此後的至少二十 (20) 個交易日（定義見附註）內，公司將在適用的截止日期內及時提交根據各節要求向美國證券交易委員會提交的所有報告 1934 年法案第 13 或 15 (d) 條，並將根據該法案採取一切合理行動其控制權是確保根據1933年法案第144條的要求公開有關公司的最新公開信息，並且即使1934年法案或其細則和條例允許終止其作爲1934年法案要求提交報告的發行人的地位；(ii) 轉換股份發行後，將獲得正式授權、有效發行、全額付款且不可估稅、免費並且不包括所有留置權、索賠、費用和抵押權；(iii) A類普通股應在紐約證券交易所或納斯達克上市或報價交易；(iv) 公司A類普通股的交易不會被暫停、停止、冷凍、凍結、達到零出價或以其他方式停止在公司主要交易市場的交易；(v) 從收盤日起至票據完全滿意後的五 (5) 天內，未經投資者事先書面同意，公司不會進行任何限制性發行（定義見下文），未經投資者事先書面同意，公司不得進行任何限制性發行（定義見下文）或由投資者自行決定不予受理；(vi) 公司不得簽訂任何協議或其他方式同意任何以任何方式鎖定、限制或以其他方式禁止公司的契約、條件或義務：（a）與投資者或投資者的任何關聯公司進行浮動利率交易，或（b）向投資者或投資者的任何關聯公司發行A類普通股、優先股、認股權證、可轉換票據、其他債務證券或任何其他公司證券；以及（vii）在截止日期後的六（6）個月內，公司將始終保持其在F-3表格（編號333-264579）上的註冊聲明的有效性（這個”註冊聲明”）。就本文而言，該術語”限制性發行” 指在正常業務過程中發行、承擔或擔保除應付貿易應付賬款以外的任何債務，或發行 (1) 擁有或可能擁有任何種類、或有條件、有條件或其他轉換權的任何證券，其中根據此類轉換權可發行的股票數量隨A類普通股的市場價格而變化，(2) 可以或可能轉換爲A類普通股（包括沒有）限制可轉換債務、認股權證或可轉換優先股），轉換價格隨A類普通股的市場價格而變化，即使此類證券只有在違約事件、時間流逝或其他觸發事件或條件之後才可以兌換；或 (3) 由於公司A類普通股的市場價格變動，固定轉換價格、行使價或交易價格可能會在該債務或股權證券（A）首次發行後的某個未來某個時間重置自首次發行之日起或 (B) 指定發行之日起的股份或與公司業務直接或間接相關的偶發事件。爲避免疑問，如果要發行的A類普通股數量基於A類普通股的市場價格或以任何方式與之相關，包括但不限於與第3（a）條相關的A類普通股的市場價格或與之相關的任何合約或工具，無論是否可兌換，則根據或與之相關的A類普通股的發行被視爲限制性發行 (9) 交易所、第 3 (a) (10) 節的結算或任何其他類似的和解或交換。爲進一步避免疑問，根據以下任何一項發行的A類普通股將不被視爲限制性發行：（i）自動櫃員機設施；（ii）除可變價格認股權證之外沒有可變價格機制的首次發行，沒有規定會增加收盤時發行的A類普通股數量或將每份認股權證下可發行的A類普通股數量增加到超過1：1的比例；（iii）向非美國發行的比例 S條例第902條所定義的人員；或 (iv) 通知與收購相結合，前提是此類發行不會導致控制權變更或具有可變價格機制。

5. 條款就 公司的 義務 就 賣出. 公司根據本協議向投資者在收盤時發行並賣出證券的義務，須以以下各項條件在收盤日期前或當日滿足爲前提：

5.1. 投資者應簽署本協議並交付給公司。

投資者應按照以上第1.2節的規定向公司交付購買價格。

6. 投資者購買票據的義務受以下條件的滿足的約束，在截止日期前填補，但這些條件僅爲投資者的利益，並且可以由投資者進行酌情放棄。投資者在收盤時購買證券的義務，取決於在收盤日期之前滿足以下每個條件，前提是這些條件僅爲投資者的唯一利益，並可由投資者自行決定在任何時候放棄。

公司已簽署本協議和票據，並交付給投資者。

公司應向投資者交付經雙方簽署的不可撤銷指示書，以移交代理人（“TA信函）實質上是表格附件附帶的 附件B 由公司的轉讓代理人（“轉讓代理”).

公司應向投資者交付一份已完全執行的官員證書，其實質內容見附件。 展覽 C 證明公司已批准交易文件。

公司應已向投資者交付一份已經完全執行的股份發行決議，基本上表格附上爲準。 展品D 以交付給過戶代理。

公司須提交一份合乎投資者合理接受的Form 4240億相關補充招股說明書，用於註冊可能根據投資者根據本票據進行的任何轉換而可發行的所有轉換股，並向投資者提供投資者認爲必要的用於在該424億招股說明書下交易轉換股的任何法律意見。

7. 我們有責任準備一定數量的普通股用於換股，以允許轉換票據的最大金額，而無需考慮受益所有權限制或根據紐交所限制所規定的限制。如果我們未能發放轉換股，因爲我們沒有足夠的已授權和未保留的普通股，以允許票據轉換，持有人可能有權獲得票據中規定的特定救濟措施（包括違約賠償）。本日期，公司將從其已授權和未發行的A類普通股中預留2,000,000股A類普通股，以用於註銷票據（以下簡稱「票據」）下所有A類普通股的發行。股份準備金公司進一步同意根據投資者的要求，將額外的A類普通股以每次增加500,000股的增量添加到股份儲備中。如果在任何此類要求的日期，根據票據定義，註銷餘額除以註銷轉換價（按照票據定義）後得到的A類普通股數量小於股份儲備中持有的股份數量的三倍以上，公司將會根據投資者的利益要求代理轉讓代理專門持有根據股份儲備所保留的A類普通股，並在投資者根據票據發出贖回通知後迅速向投資者發行這些股份。最後，公司要求代理轉讓代理根據票據向投資者發行A類普通股時，必須從其已授權但未發行的股份中提供，而不是從股份儲備中提供，前提是A類普通股已獲得授權但尚未發行，並且未包含在股份儲備中。只有在沒有其他已授權股份可供發行時，轉讓代理才能從股份儲備中發行股份，並且只有在經投資者書面同意後才能這樣做。

8. 優先認購權從收盤日開始，直至票據全額支付日止，公司特此授予投資者參與權利，即投資者有權自主決定參與任何受限發行中最多三成（30%）的出售金額（“優先認購權”）。在受限發行完成後的兩個（2）交易日內，公司將向投資者提供書面通知，告知該受限發行已完成，並附上交易文件的副本。投資者隨後將有最多五（5）個日曆日選定購買相應交易中發行的債務或股權證券金額最多三成（30%），且條件比提供給其他任何相同證券購買人更有利。各方同意，若公司違反與參與權利相關的義務，投資者的唯一且排他性補償應爲收取相當於投資者根據參與權利本應有權投資金額的二成（20%）的賠償金。爲避免疑義，公司違反與參與權利相關的義務將不被視爲觸發事件（如票據中所定義）下的觸發事件。

9. OFAC;《愛國者法案》.

9.1. OFAC認證公司證明（i）公司不代表任何根據任何行政命令或美國財政部（通過其外國資產控制辦公室（"OFAC"）或其他機構）列名的個人、團體、實體或國家，屬於恐怖分子、「特指國家」、「被封鎖人員」或其他根據OFAC或美國政府其他部門實施或管理的法律、命令、規則或法規的被禁止或被封鎖的個人、實體、國家或交易，以及（ii）公司不是代表任何此類個人、團體、實體或國家進行此交易，也不是代表、慫恿或促成此交易。OFAC

9.2. 外國腐敗行爲公司，其任何子公司，董事，高級主管，代理人，僱員或其他代表公司或任何子公司行事的人，在其爲公司的行動中，未曾使用任何公司基金進行任何非法捐款，禮品，娛樂或政治活動相關的其他非法支出；也未曾直接或間接地使用公司基金向任何外國或國內政府官員或員工進行非法支付；也未曾違反或正在違反美國1977年通過的《反海外腐敗行爲法》，也未曾向任何外國或國內政府官員或員工行賄賂，回扣，賄賂，影響付款，回扣或其他非法支付。

9.3. 愛國者法案公司在任何時候都不得成爲或涉及任何針對投資者向公司提供任何資金或賒賬，或以其他方式與公司進行業務的法律、法規或任何政府機構名單（不限於OFAC）的主體，也不得未能隨時向投資者提供有關公司身份的文件和其他證據，以使投資者能夠驗證公司的身份或遵守任何適用的法律或法規，包括但不限於2001年美國愛國者法案第326條，美國法典第5318條。公司應遵守所有關於洗錢、反恐怖主義、貿易禁運和經濟制裁的法律要求，現時或將來生效。在投資者不時的要求下，公司應書面向投資者保證，公司在本第9.3節項下的陳述、擔保和義務仍然屬實且沒有違反。如果其中任何陳述、擔保或契約不再屬實或已被違反或公司有合理理由相信它們可能不再屬實或已被違反，公司應立即書面通知投資者。在這種情況下，公司應遵守所有法律要求和政府機構的指示，並根據投資者的要求，向投資者提供與此類事件有關的所有通知、報告和與政府機構交換或收到的其他通信的副本。公司還應就評估該事件對本貸款產生的影響、從政府機構取得投資者爲了執行其在交易文件下的權利而可能需要的任何必要許可證以及根據此類事件可能存在的情況而適用於投資者的所有法律要求以及因此對投資者造成的任何罰款或罰款而發生的一切費用向投資者償還。

10. 其他本第10節中規定的條款適用於本協議，以及所有其他交易文件，就好像這些條款已經完全在其中設定；但是，如果本第10節中規定的任何條款與任何其他交易文件中的任何條款相沖突，則應以其他交易文件中的條款爲準。

10.1. 索賠仲裁各方應根據 附件E中的仲裁規定，將所有在本協議或任何其他交易文件或各方及其關聯公司之間的任何協議產生的索賠（如 附件E 附件所附的企業（「關鍵持有方」）仲裁條款爲避免疑義，各方一致同意，以下第10.3節中描述的禁令可能在與涉及交易文件下所有其他索賠有關的任何其他仲裁中追究。各方特此承認並同意，仲裁條款對本合同各方具有無條件約束力，並可與本協議的所有其他條款分立。簽署本協議時，公司聲明、擔保並約定公司已仔細審查仲裁條款，就該等條款諮詢了法律顧問（或已放棄其進行諮詢的權利），並理解仲裁條款旨在實現任何爭議的迅速和高效解決，同意仲裁條款中規定的條款和限制，並且公司不會持與上述陳述相悖的立場。公司承認並同意，投資者可依賴於關於仲裁條款的公司前述陳述和約定。

10.2. 管轄法律；地點本協議應按照猶他州內部法律進行解釋和執行，所有涉及本協議的構建、有效性、解釋和履行問題應受猶他州內部法律管轄，不受猶他州或任何其他司法管轄區的任何法律選擇或法律衝突條款或規則的影響，這些條款或規則可能導致適用除猶他州以外的任何司法管轄區的法律。每一方同意並明確同意，任何有關交易文件或雙方或其關聯公司關係引起的爭議的仲裁專屬地點應位於猶他州鹽湖縣。在不修改各方根據仲裁條款解決糾紛的義務的前提下，在與任何交易文件相關的訴訟中（儘管受讓代理協議或受讓代理與公司之間的任何其他協議的條款（具體包括任何適用法律和地點條款）的約定），特別包括公司與受讓代理根據 TA 信函或以其他方式與投資者有關的任何行動（特別包括但不限於，公司尋求阻止受讓代理出於任何原因向投資者發行 A 類普通股的任何行動），本協議各方特此（i）同意並明確服從任何位於猶他州鹽湖縣的州或聯邦法院的專屬個人管轄權，（ii）明確提交任何此類法院的專屬管轄權，用於本協議目的，（iii）同意不在任何位於猶他州鹽湖縣的州或聯邦法院之外提起任何此類行動（特別包括但不限於，公司尋求阻止受讓代理出於任何原因向投資者發行 A 類普通股的任何行動），（iv）放棄任何不當地點的主張、不當地點的主張或異議以及聲稱這樣的法院是不便的法院的主張或其他任何主張、抗辯或反對在這種管轄區提起任何此類訴訟的主張。最後，公司承若並同意在採取或提起任何與交易文件或此處或其中所規定的任何交易有關的行動之前，將投資者命名爲利益相關方，並根據下文第 10.10 條的規定向投資者發出書面通知，包括但不限於通過公司提起的任何禁止或阻止受讓代理向投資者發行任何 A 類普通股的訴訟（包括但不限於起訴或行動任何非本協議當事方的個人或實體的訴訟，包括但不限於受讓代理），並進一步同意及時將投資者命名爲任何此類行動的當事方。公司確認，本節 10.2 中規定的適用法律和地點條款是誘使投資者進入交易文件的實質條款，並且除公司在本節 10.2 中所達成的協議外，投資者不會進入交易文件。

10.3. 具體履行公司承認並同意，若公司未能根據具體條款按照本協議或其他交易文件的規定履行任何重大條款，投資者可能會遭受無法彌補的損害。因此雙方同意，投資者應有權獲得一項或多項禁令，以防止或糾正違反本協議或其他交易文件規定的行爲，並明確執行本協議或其他交易文件的條款和規定，除了投資者可能根據交易文件、法律或衡平法享有的其他補救措施外。 公司特別同意：(a) 在借據中定義的違約事件（即協議）發生後，投資者應有權向法院或仲裁員尋求並獲得禁令，禁止公司向任何方發行其普通股或優先股，除非同時全額支付該借據；和 (b) 在上述第4(vi)條款違反後，投資者應有權向法院或仲裁員尋求並獲得禁令，否認該鎖定期限。 公司明確承認，投資者獲得明確執行的權利構成了協商的槓桿，失去該槓桿將給投資者造成無法彌補的損害。爲避免疑義，如果投資者試圖向法院或仲裁員申請禁令，要求公司履行任何交易文件的任何條款時，此類行爲不應視爲投資者在任何交易文件、法律或衡平法下的任何權利的放棄，包括但不限於其根據交易文件條款仲裁任何索賠的權利，投資者追求禁令並不妨礙投資者根據權利主張排除、問題排除、終局判決或其他類似法律原則在未來進行其他索賠的可能性。

10.4. 計算爭議。儘管有仲裁條款，但如果對交易文件下的任何裁定或算術計算存在爭議，包括但不限於計算未清餘額、贖回轉換價格、轉換份額（定義見附註）或VWAP（定義見附註）（每個，a”計算”），公司或投資者（視情況而定）應在收到引起此類爭議的適用通知後的兩（2）個交易日內，通過電子郵件或傳真向公司或投資者（視情況而定）提交任何有爭議的計算結果，並確認收據（i）在投資者得知引發此類爭議的情況後的任何時候，如果沒有通知引起此類爭議。如果投資者和公司無法在該有爭議的計算結果提交給公司或投資者（視情況而定）後的兩（2）個交易日內就此類計算達成協議，則投資者將立即通過電子郵件或傳真將有爭議的計算結果提交給Unkar Systems Inc.（”Unkar 系統”）。投資者應促使Unkar Systems進行計算，並在收到此類有爭議的計算結果後的十（10）個交易日內將結果通知公司和投資者。如果沒有明顯的錯誤，Unkar Systems對有爭議的計算的決定對所有各方均具有約束力。Unkar Systems進行此類計算的費用應由錯誤的一方支付，如果雙方都不正確，則由計算距離Unkar Systems確定的正確計算最遠的一方支付。如果公司是虧損方，則不得批准延長交割日期（定義見附註），公司將因未能按照交易文件中的規定及時交付適用股票而承擔一切影響。儘管如此，投資者仍可自行決定指定除Unkar Systems以外的獨立、信譽良好的投資銀行或會計師事務所來解決任何此類爭議，在這種情況下，此處提及 「Unkar Systems」 的所有內容將被提及投資者指定的獨立、信譽良好的投資銀行或會計師事務所所取代。

10.5. 相關方本協議可以以兩（2）份或更多副本簽署，每份副本均應被視爲原件，所有副本一起構成同一文件。副本可以通過傳真、電子郵件（包括PDF或符合美國聯邦《電子簽名法》2000年的任何電子簽名，例如www.docusign.com）或其他傳輸方式進行交付，任何這樣交付的副本應被視爲已被妥善有效地交付，並對所有目的有效。

10.6. 標題

10.7. 可分割性如果本協議的任何條款根據任何適用法律規定無效或不可執行，則該條款應被視爲在可能與之衝突的範圍內無效，並應被視爲已修改以符合該法律規定。本協議的任何條款如果根據任何法律可能被視爲無效或不可執行，不會影響本協議的任何其他條款的有效性或可執行性。

10.8. 全部協議本協議連同其他交易文件完整地涵蓋了雙方在本協議所涉及的事項上的全部理解，除非在本協議或其他文件明確規定，公司和投資者對這些事項不作任何陳述、保證、承諾或委託。爲避免疑義，公司與投資者或其任何關聯方之間就交易文件所規定的交易而曾簽署的任何期貨或其他文件（統稱爲「先前協議」）均被宣告無效，並被交易文件全部取代。在任何先前協議中所規定的任何條款與交易文件的條款之間存在衝突的情況下，交易文件將優先適用。事先協議（空字符串）

10.9. 修訂除非雙方當事人以書面形式簽署的文件，否則本協議的任何規定都不能被放棄或修改。

10.10. 通告。本協議要求或允許的任何通知均應以書面形式發出（除非此處另有規定），並且最早應在以下日期被視爲有效送達：(i) 如果以親自遞送而不是書面收據，或者通過電子郵件發送給下述執行官或該官員的繼任者，或者通過傳真（成功的傳輸確認由發送方保存），(ii) 交付日期中較早者或第五 (5)^th) 存款後的交易日，預付郵費，使用國際快遞，或 (iii) 以較早者爲準，或快遞郵寄之後的第三個交易日，將運費和費用預付給其他各方，在以下地址（或該方可能在提前五（5）個日曆日向本協議其他各方發出類似的書面通知之前指定的其他地址）：

如果給公司：

中北能源集團。

注意：Wenhua Liu

勝牛路268號2棟，206室

浙江省麗水市蓮都區

中國

如果給公司的法律顧問：

Sichenzia Ross Ference Carmel LLP 西琴齊亞 羅斯 費倫斯 卡門 有限責任合夥公司

收件人：Huan Lou, 律師。

1185 6th Ave 31樓

紐約，紐約州10034

如果是投資者：

街市資本有限公司

收件人：約翰·法夫

297 Auto Mall Drive #4

猶他州聖喬治84770

抄送給（該抄送不構成通知）：

漢森·布萊克·安德森·艾什克拉夫特律師事務所

注意：Jonathan Hansen

3051 West Maple Loop Drive, Suite 325

猶他州萊希市84043

10.11. 繼承人和受讓人投資者可以將本協議或在本協議下對投資者有益或由投資者履行的可分割權利和義務全部或部分地轉讓給第三方，包括其關聯方，無需獲得公司的同意。在未經投資者事先書面同意的情況下，公司不得轉讓本協議項下的權利或義務，也不得直接或間接地委託其責任，任何此類嘗試的轉讓或委託將被視爲無效。

10.12. 生存公司在本協議中作出的陳述和保證以及所包含的協議和約定應當在交割日後繼續有效，儘管投資者或代表投資者進行的盡職調查。公司同意對投資者及其所有的董事、高管、員工、律師和代理進行賠償，並使其免受損失或損害，因公司違反或被指違反本協議中的任何陳述、保證和約定或本協議下的任何陳述和義務，包括在發生時的支出預付。

10.13. 進一步保證各方應執行或促使執行所有進一步的行動和事項，並應根據對方合理要求的執行和遞交所有其他協議、證書、工具和文件，以實現本協議的意圖並實現其目的，完成本協議中所述交易的完成。

10.14. 投資者的權利和補救措施是累積的本協議和交易文件授予的所有權利、補救措施和權限是累積的，而非排他性的。它們是作爲投資者可能擁有的其他權利、權限和補救措施的補充，無論是特別授予在本協議或任何其他交易文件中，還是依法、在衡平法律或由法令賦予的現有的權利、權限和補救措施。投資者可以根據需要隨時、多次地行使這些權利和補救措施，並按照投資者認爲方便的順序進行。

10.15. 訴訟費用和收款成本如果任何一方對交易文件中的任何內容進行詮釋或執行而提起訴訟、訴訟或仲裁，未獲得勝訴的一方同意支付給勝訴方所有相關費用和開支，包括其中的律師費，甚至是上訴。"獲勝方"是指判決有利於其中一方的一方，不論是否判決涵蓋了該方提出的所有要求，不論判決金額爲多少；或者當由於提出反請求而判決既有利於雙方又不利於雙方的情況下，法官或仲裁員應該根據判決的相對金額來確定"獲勝方"，如果判決涉及非貨幣性救濟措施，則應考慮該救濟措施的相對重要性和價值。本文不應限制或損害仲裁員或法院授予因誹謗或惡意提告而支出費用和開支的權力。如果（i）在開始仲裁或法律訴訟之前向律師交付備忘錄以進行收集或執行，或通過任何仲裁或法律程序進行收集或執行備忘錄，或其他投資者採取行動收集備忘錄中應付款項或執行備忘錄的規定，或（ii）發生公司財產的任何破產、重組、資產接管或涉及公司債權的其他程序，並牽涉備忘錄索賠，則公司應支付給投資者因此類收集、執行或行動發生的費用或與此類破產、重組、資產接管或其他程序相關的費用，包括但不限於律師費、費用、傳票費用和支出。

10.16. 放棄除非以書面形式由授權方簽署，否則本協議任何條款的豁免均無效。任何條款的豁免或對任何禁止行爲的同意不構成對其他任何條款的豁免或對其他任何禁止行爲的同意，無論是否相似。除非具體以書面形式規定，任何豁免或同意都不構成持續不斷的豁免或同意，也不使任何一方將在將來提供豁免或同意，除非特別規定的程度。

10.17. 放棄陪審團審判權本協議各方均不可撤銷地放棄其可能具有的根據本協議、任何其他交易文件或各方關係而產生或與之有關的任何訴訟、仲裁或反訴的要求。該放棄適用於根據普通法或任何適用法規、法律、規則而產生的要求陪審團審理的任何和所有權利。此外，本協議各方承認該方明知並自願放棄要求陪審團審理的權利。

10.18. 時間至關重要時間對於本協議和其他交易文件的各項規定均明確具有重要意義。

10.19. 自願協議公司已仔細閱讀本協議和其他交易文件，並就公司理解本協議和其他交易文件的條款、後果和約束效力提出了需要的問題，並完全理解它們。公司已有機會尋求自己選擇的律師的意見，或者已放棄這個權利，並自願、沒有受到投資者或其他任何人的任何脅迫或不正當影響而簽署了本協議和其他交易文件。

10.20. 文件影像處理.投資人有權自行決定，影像或複製所有或任何選擇的協議、工具、文件、物品和記錄，涉及到公司的貸款，包括但不限於本協議和其他交易文件，投資人可以銷燬或歸檔紙質原件。各方（i）放棄任何要求投資人提供紙質原件的權利。

(ii) 同意這些圖片應與紙質原件具有同等效力，(iii) 同意投資者有權使用這些圖片代替已毀壞或存檔的原件，包括作爲任何要求、提交或其他程序中可證明的證據，(iv) 進一步同意，此協議或任何其他交易文件的任何已簽署的複印件（通過傳真、掃描、電子郵件或其他成像複製）應被視爲與手動簽署的原文件具有同等效力。

特此證明，該修正案已由各方於上文所示日期代表簽署。

謹此，簽署人：投資者和公司已經於上述日期使本協議得到有效的簽署。

[證券購買協議簽字頁]

附件：

附錄E

仲裁條款

1. 爭議解決。出於這個目的 附錄 E，這個詞”索賠” 指任何爭議、索賠、要求、訴訟原因、禁令救濟請求、具體履行請求、與交易文件中任何條款的可分割性有關的問題、因交易文件中考慮的交易以及相關各方之間的任何通信而產生、相關或與之相關的任何責任、損害賠償、損失或爭議，包括但不限於任何相互錯誤、錯誤、欺詐、虛假陳述、形成失敗、失敗的索賠值得考慮，承諾禁止反言、不合情理、不符合先決條件、撤銷以及任何法定索賠、侵權索賠、合同索賠，或要求本協議（或這些仲裁條款（定義見下文））或任何其他交易文件無效、失效或終止的索賠。「索賠」 一詞明確排除了有關計算的爭議。本協議的各方（”派對”）特此同意，可以根據這些仲裁條款（一項針對禁令或禁令，另一項針對所有其他索賠）在一項或多項仲裁中對索賠進行仲裁。雙方特此同意，本協議中規定的仲裁條款 附錄 E (“仲裁條款”) 對它們都具有約束力。因此，任何試圖根據1934年法案第29條或出於任何其他原因撤銷協議（或這些仲裁條款）或任何其他交易文件）或宣佈該協議（或這些仲裁條款）或任何其他交易文件無效或不可執行的嘗試均受這些仲裁條款的約束。這些仲裁條款也應在本協議終止或到期後繼續有效。本仲裁條款中未定義的任何大寫術語應具有協議中規定的含義。

2. Arbitration. Except as otherwise provided herein, all Claims must be submitted to arbitration (“Arbitration”) to be conducted exclusively in Salt Lake County, Utah and pursuant to the terms set forth in these Arbitration Provisions. Subject to the arbitration appeal right provided for in Paragraph 5 below (the “Appeal Right”), the parties agree that the award of the arbitrator rendered pursuant to Paragraph 4 below (the “Arbitration Award”) shall be (a) final and binding upon the parties, (b) the sole and exclusive remedy between them regarding any Claims, counterclaims, issues, or accountings presented or pleaded to the arbitrator, and (c) promptly payable in United States dollars free of any tax, deduction or offset (with respect to monetary awards). Subject to the Appeal Right, any costs or fees, including without limitation attorneys’ fees, incurred in connection with or incident to enforcing the Arbitration Award shall, to the maximum extent permitted by law, be charged against the party resisting such enforcement. The Arbitration Award shall include default interest (as defined or otherwise provided for in the Note, “Default Interest”) (with respect to monetary awards) at the rate specified in the Note for Default Interest both before and after the Arbitration Award. Judgment upon the Arbitration Award will be entered and enforced by any state or federal court sitting in Salt Lake County, Utah.

3. The Arbitration Act. The parties hereby incorporate herein the provisions and procedures set forth in the Utah Uniform Arbitration Act, U.C.A. § 78B-11-101 et seq. (as amended or superseded from time to time, the “Arbitration Act”). Notwithstanding the foregoing, pursuant to, and to the maximum extent permitted by, Section 105 of the Arbitration Act, in the event of conflict or variation between the terms of these Arbitration Provisions and the provisions of the Arbitration Act, the terms of these Arbitration Provisions shall control and the parties hereby waive or otherwise agree to vary the effect of all requirements of the Arbitration Act that may conflict with or vary from these Arbitration Provisions.

4. Arbitration Proceedings. Arbitration between the parties will be subject to the following:

4.1 Initiation of Arbitration. Pursuant to Section 110 of the Arbitration Act, the parties agree that a party may initiate Arbitration by giving written notice to the other party (“Arbitration Notice”) in the same manner that notice is permitted under Section 10.10 of the Agreement; provided, however, that the Arbitration Notice may not be given by email or fax. Arbitration will be deemed initiated as of the date that the Arbitration Notice is deemed delivered to such other party under Section 10.10 of the Agreement (the “Service Date”). After the Service Date, information may be delivered, and notices may be given, by email or fax pursuant to Section 10.10 of the Agreement or any other method permitted thereunder. The Arbitration Notice must describe the nature of the controversy, the remedies sought, and the election to commence Arbitration proceedings. All Claims in the Arbitration Notice must be pleaded consistent with the Utah Rules of Civil Procedure.

4.2 Selection and Payment of Arbitrator.

(a) Within ten (10) calendar days after the Service Date, Investor shall select and submit to Company the names of three (3) arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Services (http://www.utahadrservices.com) (such three (3) designated persons hereunder are referred to herein as the “Proposed Arbitrators”). For the avoidance of doubt, each Proposed Arbitrator must be qualified as a “neutral” with Utah ADR Services. Within five (5) calendar days after Investor has submitted to Company the names of the Proposed Arbitrators, Company must select, by written notice to Investor, one (1) of the Proposed Arbitrators to act as the arbitrator for the parties under these Arbitration Provisions. If Company fails to select one of the Proposed Arbitrators in writing within such 5-day period, then Investor may select the arbitrator from the Proposed Arbitrators by providing written notice of such selection to Company.

(b) If Investor fails to submit to Company the Proposed Arbitrators within ten (10) calendar days after the Service Date pursuant to subparagraph (a) above, then Company may at any time prior to Investor so designating the Proposed Arbitrators, identify the names of three (3) arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Service by written notice to Investor. Investor may then, within five (5) calendar days after Company has submitted notice of its Proposed Arbitrators to Investor, select, by written notice to Company, one (1) of the Proposed Arbitrators to act as the arbitrator for the parties under these Arbitration Provisions. If Investor fails to select in writing and within such 5-day period one (1) of the three (3) Proposed Arbitrators selected by Company, then Company may select the arbitrator from its three (3) previously selected Proposed Arbitrators by providing written notice of such selection to Investor.

(c) If a Proposed Arbitrator chosen to serve as arbitrator declines or is otherwise unable to serve as arbitrator, then the party that selected such Proposed Arbitrator may select one (1) of the other three (3) Proposed Arbitrators within three (3) calendar days of the date the chosen Proposed Arbitrator declines or notifies the parties he or she is unable to serve as arbitrator. If all three (3) Proposed Arbitrators decline or are otherwise unable to serve as arbitrator, then the arbitrator selection process shall begin again in accordance with this Paragraph 4.2.

(d) The date that the Proposed Arbitrator selected pursuant to this Paragraph 4.2 agrees in writing (including via email) delivered to both parties to serve as the arbitrator hereunder is referred to herein as the “Arbitration Commencement Date”. If an arbitrator resigns or is unable to act during the Arbitration, a replacement arbitrator shall be chosen in accordance with this Paragraph 4.2 to continue the Arbitration. If Utah ADR Services ceases to exist or to provide a list of neutrals and there is no successor thereto, then the arbitrator shall be selected under the then prevailing rules of the American Arbitration Association.

(e) Subject to Paragraph 4.10 below, the cost of the arbitrator must be paid equally by both parties. Subject to Paragraph 4.10 below, if one party refuses or fails to pay its portion of the arbitrator fee, then the other party can advance such unpaid amount (subject to the accrual of Default Interest thereupon), with such amount being added to or subtracted from, as applicable, the Arbitration Award.

4.3 Applicability of Certain Utah Rules. The parties agree that the Arbitration shall be conducted generally in accordance with the Utah Rules of Civil Procedure and the Utah Rules of Evidence. More specifically, the Utah Rules of Civil Procedure shall apply, without limitation, to the filing of any pleadings, motions or memoranda, the conducting of discovery, and the taking of any depositions. The Utah Rules of Evidence shall apply to any hearings, whether telephonic or in person, held by the arbitrator. Notwithstanding the foregoing, it is the parties’ intent that the incorporation of such rules will in no event supersede these Arbitration Provisions. In the event of any conflict between the Utah Rules of Civil Procedure or the Utah Rules of Evidence and these Arbitration Provisions, these Arbitration Provisions shall control.

4.4 Answer and Default. An answer and any counterclaims to the Arbitration Notice shall be required to be delivered to the party initiating the Arbitration within twenty (20) calendar days after the Arbitration Commencement Date. If an answer is not delivered by the required deadline, the arbitrator must provide written notice to the defaulting party stating that the arbitrator will enter a default award against such party if such party does not file an answer within five (5) calendar days of receipt of such notice. If an answer is not filed within the five (5) day extension period, the arbitrator must render a default award, consistent with the relief requested in the Arbitration Notice, against a party that fails to submit an answer within such time period.

4.5 Related Litigation. The party that delivers the Arbitration Notice to the other party shall have the option to also commence concurrent legal proceedings with any state or federal court sitting in Salt Lake County, Utah (“Litigation Proceedings”), subject to the following: (a) the complaint in the Litigation Proceedings is to be substantially similar to the claims set forth in the Arbitration Notice, provided that an additional cause of action to compel arbitration will also be included therein, (b) so long as the other party files an answer to the complaint in the Litigation Proceedings and an answer to the Arbitration Notice, the Litigation Proceedings will be stayed pending an Arbitration Award (or Appeal Panel Award (defined below), as applicable) hereunder, (c) if the other party fails to file an answer in the Litigation Proceedings or an answer in the Arbitration proceedings, then the party initiating Arbitration shall be entitled to a default judgment consistent with the relief requested, to be entered in the Litigation Proceedings, and (d) any legal or procedural issue arising under the Arbitration Act that requires a decision of a court of competent jurisdiction may be determined in the Litigation Proceedings. Any award of the arbitrator (or of the Appeal Panel (defined below)) may be entered in such Litigation Proceedings pursuant to the Arbitration Act.

4.6 Discovery. Pursuant to Section 118(8) of the Arbitration Act, the parties agree that discovery shall be conducted as follows:

(a) Written discovery will only be allowed if the likely benefits of the proposed written discovery outweigh the burden or expense thereof, and the written discovery sought is likely to reveal information that will satisfy a specific element of a claim or defense already pleaded in the Arbitration. The party seeking written discovery shall always have the burden of showing that all of the standards and limitations set forth in these Arbitration Provisions are satisfied. The scope of discovery in the Arbitration proceedings shall also be limited as follows:

(i) To facts directly connected with the transactions contemplated by the Agreement.

(ii) To facts and information that cannot be obtained from another source or in another manner that is more convenient, less burdensome or less expensive than in the manner requested.

(b) No party shall be allowed (i) more than fifteen (15) interrogatories (including discrete subparts), (ii) more than fifteen (15) requests for admission (including discrete subparts), (iii) more than ten (10) document requests (including discrete subparts), or (iv) more than three (3) depositions (excluding expert depositions) for a maximum of seven (7) hours per deposition. The costs associated with depositions will be borne by the party taking the deposition. The party defending the deposition will submit a notice to the party taking the deposition of the estimated attorneys’ fees that such party expects to incur in connection with defending the deposition. If the party defending the deposition fails to submit an estimate of attorneys’ fees within five (5) calendar days of its receipt of a deposition notice, then such party shall be deemed to have waived its right to the estimated attorneys’ fees. The party taking the deposition must pay the party defending the deposition the estimated attorneys’ fees prior to taking the deposition, unless such obligation is deemed to be waived as set forth in the immediately preceding sentence. If the party taking the deposition believes that the estimated attorneys’ fees are unreasonable, such party may submit the issue to the arbitrator for a decision. All depositions will be taken in Utah.

(c) All discovery requests (including document production requests included in deposition notices) must be submitted in writing to the arbitrator and the other party. The party submitting the written discovery requests must include with such discovery requests a detailed explanation of how the proposed discovery requests satisfy the requirements of these Arbitration Provisions and the Utah Rules of Civil Procedure. The receiving party will then be allowed, within five (5) calendar days of receiving the proposed discovery requests, to submit to the arbitrator an estimate of the attorneys’ fees and costs associated with responding to such written discovery requests and a written challenge to each applicable discovery request. After receipt of an estimate of attorneys’ fees and costs and/or challenge(s) to one or more discovery requests, consistent with subparagraph (c) above, the arbitrator will within three (3) calendar days make a finding as to the likely attorneys’ fees and costs associated with responding to the discovery requests and issue an order that (i) requires the requesting party to prepay the attorneys’ fees and costs associated with responding to the discovery requests, and (ii) requires the responding party to respond to the discovery requests as limited by the arbitrator within twenty-five (25) calendar days of the arbitrator’s finding with respect to such discovery requests. If a party entitled to submit an estimate of attorneys’ fees and costs and/or a challenge to discovery requests fails to do so within such 5-day period, the arbitrator will make a finding that (A) there are no attorneys’ fees or costs associated with responding to such discovery requests, and (B) the responding party must respond to such discovery requests (as may be limited by the arbitrator) within twenty-five (25) calendar days of the arbitrator’s finding with respect to such discovery requests. Any party submitting any written discovery requests, including without limitation interrogatories, requests for production subpoenas to a party or a third party, or requests for admissions, must prepay the estimated attorneys’ fees and costs, before the responding party has any obligation to produce or respond to the same, unless such obligation is deemed waived as set forth above.

(d) In order to allow a written discovery request, the arbitrator must find that the discovery request satisfies the standards set forth in these Arbitration Provisions and the Utah Rules of Civil Procedure. The arbitrator must strictly enforce these standards. If a discovery request does not satisfy any of the standards set forth in these Arbitration Provisions or the Utah Rules of Civil Procedure, the arbitrator may modify such discovery request to satisfy the applicable standards, or strike such discovery request in whole or in part.

(e) Each party may submit expert reports (and rebuttals thereto), provided that such reports must be submitted within sixty (60) days of the Arbitration Commencement Date. Each party will be allowed a maximum of two (2) experts. Expert reports must contain the following: (i) a complete statement of all opinions the expert will offer at trial and the basis and reasons for them; (ii) the expert’s name and qualifications, including a list of all the expert’s publications within the preceding ten (10) years, and a list of any other cases in which the expert has testified at trial or in a deposition or prepared a report within the preceding ten (10) years; and (iii) the compensation to be paid for the expert’s report and testimony. The parties are entitled to depose any other party’s expert witness one (1) time for no more than four (4) hours. An expert may not testify in a party’s case-in-chief concerning any matter not fairly disclosed in the expert report.

4.6 Dispositive Motions. Each party shall have the right to submit dispositive motions pursuant Rule 12 or Rule 56 of the Utah Rules of Civil Procedure (a “Dispositive Motion”). The party submitting the Dispositive Motion may, but is not required to, deliver to the arbitrator and to the other party a memorandum in support (the “Memorandum in Support”) of the Dispositive Motion. Within seven (7) calendar days of delivery of the Memorandum in Support, the other party shall deliver to the arbitrator and to the other party a memorandum in opposition to the Memorandum in Support (the “Memorandum in Opposition”). Within seven (7) calendar days of delivery of the Memorandum in Opposition, as applicable, the party that submitted the Memorandum in Support shall deliver to the arbitrator and to the other party a reply memorandum to the Memorandum in Opposition (“Reply Memorandum”). If the applicable party shall fail to deliver the Memorandum in Opposition as required above, or if the other party fails to deliver the Reply Memorandum as required above, then the applicable party shall lose its right to so deliver the same, and the Dispositive Motion shall proceed regardless.

4.7 Confidentiality. All information disclosed by either party (or such party’s agents) during the Arbitration process (including without limitation information disclosed during the discovery process or any Appeal (defined below)) shall be considered confidential in nature. Each party agrees not to disclose any confidential information received from the other party (or its agents) during the Arbitration process (including without limitation during the discovery process or any Appeal) unless (a) prior to or after the time of disclosure such information becomes public knowledge or part of the public domain, not as a result of any inaction or action of the receiving party or its agents, (b) such information is required by a court order, subpoena or similar legal duress to be disclosed if such receiving party has notified the other party thereof in writing and given it a reasonable opportunity to obtain a protective order from a court of competent jurisdiction prior to disclosure, or (c) such information is disclosed to the receiving party’s agents, representatives and legal counsel on a need to know basis who each agree in writing not to disclose such information to any third party. Pursuant to Section 118(5) of the Arbitration Act, the arbitrator is hereby authorized and directed to issue a protective order to prevent the disclosure of privileged information and confidential information upon the written request of either party.

4.8 Authorization; Timing; Scheduling Order. Subject to all other portions of these Arbitration Provisions, the parties hereby authorize and direct the arbitrator to take such actions and make such rulings as may be necessary to carry out the parties’ intent for the Arbitration proceedings to be efficient and expeditious. Pursuant to Section 120 of the Arbitration Act, the parties hereby agree that an Arbitration Award must be made within one hundred twenty (120) calendar days after the Arbitration Commencement Date. The arbitrator is hereby authorized and directed to hold a scheduling conference within ten (10) calendar days after the Arbitration Commencement Date in order to establish a scheduling order with various binding deadlines for discovery, expert testimony, and the submission of documents by the parties to enable the arbitrator to render a decision prior to the end of such 120-day period.

4.9 Relief. The arbitrator shall have the right to award or include in the Arbitration Award (or in a preliminary ruling) any relief which the arbitrator deems proper under the circumstances, including, without limitation, specific performance and injunctive relief, provided that the arbitrator may not award exemplary or punitive damages.

4.10 Fees and Costs. As part of the Arbitration Award, the arbitrator is hereby directed to require the losing party (the party being awarded the least amount of money by the arbitrator, which, for the avoidance of doubt, shall be determined without regard to any statutory fines, penalties, fees, or other charges awarded to any party) to (a) pay the full amount of any unpaid costs and fees of the Arbitration, and (b) reimburse the prevailing party for all reasonable attorneys’ fees, arbitrator costs and fees, deposition costs, other discovery costs, and other expenses, costs or fees paid or otherwise incurred by the prevailing party in connection with the Arbitration.

5. Arbitration Appeal.

5.1 Initiation of Appeal. Following the entry of the Arbitration Award, either party (the “Appellant”) shall have a period of thirty (30) calendar days in which to notify the other party (the “Appellee”), in writing, that the Appellant elects to appeal (the “Appeal”) the Arbitration Award (such notice, an “Appeal Notice”) to a panel of arbitrators as provided in Paragraph 5.2 below. The date the Appellant delivers an Appeal Notice to the Appellee is referred to herein as the “Appeal Date”. The Appeal Notice must be delivered to the Appellee in accordance with the provisions of Paragraph 4.1 above with respect to delivery of an Arbitration Notice. In addition, together with delivery of the Appeal Notice to the Appellee, the Appellant must also pay for (and provide proof of such payment to the Appellee together with delivery of the Appeal Notice) a bond in the amount of 110% of the sum the Appellant owes to the Appellee as a result of the Arbitration Award the Appellant is appealing. In the event an Appellant delivers an Appeal Notice to the Appellee (together with proof of payment of the applicable bond) in compliance with the provisions of this Paragraph 5.1, the Appeal will occur as a matter of right and, except as specifically set forth herein, will not be further conditioned. In the event a party does not deliver an Appeal Notice (along with proof of payment of the applicable bond) to the other party within the deadline prescribed in this Paragraph 5.1, such party shall lose its right to appeal the Arbitration Award. If no party delivers an Appeal Notice (along with proof of payment of the applicable bond) to the other party within the deadline described in this Paragraph 5.1, the Arbitration Award shall be final. The parties acknowledge and agree that any Appeal shall be deemed part of the parties’ agreement to arbitrate for purposes of these Arbitration Provisions and the Arbitration Act.

5.2 Selection and Payment of Appeal Panel. In the event an Appellant delivers an Appeal Notice to the Appellee (together with proof of payment of the applicable bond) in compliance with the provisions of Paragraph 5.1 above, the Appeal will be heard by a three (3) person arbitration panel (the “Appeal Panel”).

(a) Within ten (10) calendar days after the Appeal Date, the Appellee shall select and submit to the Appellant the names of five (5) arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Services (http://www.utahadrservices.com) (such five (5) designated persons hereunder are referred to herein as the “Proposed Appeal Arbitrators”). For the avoidance of doubt, each Proposed Appeal Arbitrator must be qualified as a “neutral” with Utah ADR Services, and shall not be the arbitrator who rendered the Arbitration Award being appealed (the “Original Arbitrator”). Within five (5) calendar days after the Appellee has submitted to the Appellant the names of the Proposed Appeal Arbitrators, the Appellant must select, by written notice to the Appellee, three (3) of the Proposed Appeal Arbitrators to act as the members of the Appeal Panel. If the Appellant fails to select three (3) of the Proposed Appeal Arbitrators in writing within such 5-day period, then the Appellee may select such three (3) arbitrators from the Proposed Appeal Arbitrators by providing written notice of such selection to the Appellant.

(b) If the Appellee fails to submit to the Appellant the names of the Proposed Appeal Arbitrators within ten (10) calendar days after the Appeal Date pursuant to subparagraph (a) above, then the Appellant may at any time prior to the Appellee so designating the Proposed Appeal Arbitrators, identify the names of five (5) arbitrators that are designated as “neutrals” or qualified arbitrators by Utah ADR Service (none of whom may be the Original Arbitrator) by written notice to the Appellee. The Appellee may then, within five (5) calendar days after the Appellant has submitted notice of its selected arbitrators to the Appellee, select, by written notice to the Appellant, three (3) of such selected arbitrators to serve on the Appeal Panel. If the Appellee fails to select in writing within such 5-day period three (3) of the arbitrators selected by the Appellant to serve as the members of the Appeal Panel, then the Appellant may select the three (3) members of the Appeal Panel from the Appellant’s list of five (5) arbitrators by providing written notice of such selection to the Appellee.

(c) If a selected Proposed Appeal Arbitrator declines or is otherwise unable to serve, then the party that selected such Proposed Appeal Arbitrator may select one (1) of the other five (5) designated Proposed Appeal Arbitrators within three (3) calendar days of the date a chosen Proposed Appeal Arbitrator declines or notifies the parties he or she is unable to serve as an arbitrator. If at least three (3) of the five (5) designated Proposed Appeal Arbitrators decline or are otherwise unable to serve, then the Proposed Appeal Arbitrator selection process shall begin again in accordance with this Paragraph 5.2; provided, however, that any Proposed Appeal Arbitrators who have already agreed to serve shall remain on the Appeal Panel.

(d) The date that all three (3) Proposed Appeal Arbitrators selected pursuant to this Paragraph 5.2 agree in writing (including via email) delivered to both the Appellant and the Appellee to serve as members of the Appeal Panel hereunder is referred to herein as the “Appeal Commencement Date”. No later than five (5) calendar days after the Appeal Commencement Date, the Appellee shall designate in writing (including via email) to the Appellant and the Appeal Panel the name of one (1) of the three (3) members of the Appeal Panel to serve as the lead arbitrator in the Appeal proceedings. Each member of the Appeal Panel shall be deemed an arbitrator for purposes of these Arbitration Provisions and the Arbitration Act, provided that, in conducting the Appeal, the Appeal Panel may only act or make determinations upon the approval or vote of no less than the majority vote of its members, as announced or communicated by the lead arbitrator on the Appeal Panel. If an arbitrator on the Appeal Panel ceases or is unable to act during the Appeal proceedings, a replacement arbitrator shall be chosen in accordance with Paragraph 5.2 above to continue the Appeal as a member of the Appeal Panel. If Utah ADR Services ceases to exist or to provide a list of neutrals, then the arbitrators for the Appeal Panel shall be selected under the then prevailing rules of the American Arbitration Association.

(d) Subject to Paragraph 5.7 below, the cost of the Appeal Panel must be paid entirely by the Appellant.

5.3 Appeal Procedure. The Appeal will be deemed an appeal of the entire Arbitration Award. In conducting the Appeal, the Appeal Panel shall conduct a de novo review of all Claims described or otherwise set forth in the Arbitration Notice. Subject to the foregoing and all other provisions of this Paragraph 5, the Appeal Panel shall conduct the Appeal in a manner the Appeal Panel considers appropriate for a fair and expeditious disposition of the Appeal, may hold one or more hearings and permit oral argument, and may review all previous evidence and discovery, together with all briefs, pleadings and other documents filed with the Original Arbitrator (as well as any documents filed with the Appeal Panel pursuant to Paragraph 5.4(a) below). Notwithstanding the foregoing, in connection with the Appeal, the Appeal Panel shall not permit the parties to conduct any additional discovery or raise any new Claims to be arbitrated, shall not permit new witnesses or affidavits, and shall not base any of its findings or determinations on the Original Arbitrator’s findings or the Arbitration Award.

5.4 Timing.

(a) Within seven (7) calendar days of the Appeal Commencement Date, the Appellant (i) shall deliver or cause to be delivered to the Appeal Panel copies of the Appeal Notice, all discovery conducted in connection with the Arbitration, and all briefs, pleadings and other documents filed with the Original Arbitrator (which material Appellee shall have the right to review and supplement if necessary), and (ii) may, but is not required to, deliver to the Appeal Panel and to the Appellee a Memorandum in Support of the Appellant’s arguments concerning or position with respect to all Claims, counterclaims, issues, or accountings presented or pleaded in the Arbitration. Within seven (7) calendar days of the Appellant’s delivery of the Memorandum in Support, as applicable, the Appellee shall deliver to the Appeal Panel and to the Appellant a Memorandum in Opposition to the Memorandum in Support. Within seven (7) calendar days of the Appellee’s delivery of the Memorandum in Opposition, as applicable, the Appellant shall deliver to the Appeal Panel and to the Appellee a Reply Memorandum to the Memorandum in Opposition. If the Appellant shall fail to substantially comply with the requirements of clause (i) of this subparagraph (a), the Appellant shall lose its right to appeal the Arbitration Award, and the Arbitration Award shall be final. If the Appellee shall fail to deliver the Memorandum in Opposition as required above, or if the Appellant shall fail to deliver the Reply Memorandum as required above, then the Appellee or the Appellant, as the case may be, shall lose its right to so deliver the same, and the Appeal shall proceed regardless.

(b) Subject to subparagraph (a) above, the parties hereby agree that the Appeal must be heard by the Appeal Panel within thirty (30) calendar days of the Appeal Commencement Date, and that the Appeal Panel must render its decision within thirty (30) calendar days after the Appeal is heard (and in no event later than sixty (60) calendar days after the Appeal Commencement Date).

5.5 Appeal Panel Award. The Appeal Panel shall issue its decision (the “Appeal Panel Award”) through the lead arbitrator on the Appeal Panel. Notwithstanding any other provision contained herein, the Appeal Panel Award shall (a) supersede in its entirety and make of no further force or effect the Arbitration Award (provided that any protective orders issued by the Original Arbitrator shall remain in full force and effect), (b) be final and binding upon the parties, with no further rights of appeal, (c) be the sole and exclusive remedy between the parties regarding any Claims, counterclaims, issues, or accountings presented or pleaded in the Arbitration, and (d) be promptly payable in United States dollars free of any tax, deduction or offset (with respect to monetary awards). Any costs or fees, including without limitation attorneys’ fees, incurred in connection with or incident to enforcing the Appeal Panel Award shall, to the maximum extent permitted by law, be charged against the party resisting such enforcement. The Appeal Panel Award shall include Default Interest (with respect to monetary awards) at the rate specified in the Note for Default Interest both before and after the Arbitration Award. Judgment upon the Appeal Panel Award will be entered and enforced by a state or federal court sitting in Salt Lake County, Utah.

5.6 Relief. The Appeal Panel shall have the right to award or include in the Appeal Panel Award any relief which the Appeal Panel deems proper under the circumstances, including, without limitation, specific performance and injunctive relief, provided that the Appeal Panel may not award exemplary or punitive damages.

5.7 Fees and Costs. As part of the Appeal Panel Award, the Appeal Panel is hereby directed to require the losing party (the party being awarded the least amount of money by the arbitrator, which, for the avoidance of doubt, shall be determined without regard to any statutory fines, penalties, fees, or other charges awarded to any party) to (a) pay the full amount of any unpaid costs and fees of the Arbitration and the Appeal Panel, and (b) reimburse the prevailing party (the party being awarded the most amount of money by the Appeal Panel, which, for the avoidance of doubt, shall be determined without regard to any statutory fines, penalties, fees, or other charges awarded to any part) the reasonable attorneys’ fees, arbitrator and Appeal Panel costs and fees, deposition costs, other discovery costs, and other expenses, costs or fees paid or otherwise incurred by the prevailing party in connection with the Arbitration (including without limitation in connection with the Appeal).

6. Miscellaneous.

6.1 Severability. If any part of these Arbitration Provisions is found to violate or be illegal under applicable law, then such provision shall be modified to the minimum extent necessary to make such provision enforceable under applicable law, and the remainder of the Arbitration Provisions shall remain unaffected and in full force and effect.

6.2 Governing Law. These Arbitration Provisions shall be governed by the laws of the State of Utah without regard to the conflict of laws principles therein.

6.3 Interpretation. The headings of these Arbitration Provisions are for convenience of reference only and shall not form part of, or affect the interpretation of, these Arbitration Provisions.

6.4 Waiver. No waiver of any provision of these Arbitration Provisions shall be effective unless it is in the form of a writing signed by the party granting the waiver.

6.5 Time is of the Essence. Time is expressly made of the essence with respect to each and every provision of these Arbitration Provisions.

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