Common use of Liquidated Damages Not Penalty Clause in Contracts

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Signature /s/ Zxxxx Xxxxx Title Director: Zxxxx Xxxxx Signed for and on behalf of the Purchaser SonicHash Inc. Signature /s/Lianfei Du Title Director: Lianfei Du

Appears in 1 contract

Samples: Sales and Purchase Agreement (China Xiangtai Food Co., Ltd.)

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Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Signature /s/ Zxxxx Xxxxx Title Director: Zxxxx Xxxxx Signed for and on behalf of the Purchaser SonicHash Inc. Signature /s/Lianfei Du Signature_/s/ Xxxxxxx X. XxXxxxxxx Name Xxxxxxx X. XxXxxxxxx Title Director: Lianfei DuChief Financial Officer

Appears in 1 contract

Samples: Sales and Purchase Agreement (Riot Blockchain, Inc.)

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Signature Bitmain: By: /s/ Zxxxx Xxxxx Title DirectorXx Name: Zxxxx Xxxxx Xx Title: CEO Signed for and on behalf of the Purchaser SonicHash Inc. Signature Purchaser: By: /s/Lianfei Du Title DirectorXxxxxxx XxXxxxxxx Name: Lianfei DuXxxxxxx XxXxxxxxx Title: Chief Financial Officer

Appears in 1 contract

Samples: Sales and Purchase Agreement (Riot Blockchain, Inc.)

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Signature /s/ Zxxxx Xxxxx Xxxx Xxx Title Director: Zxxxx Xxxxx Xxxx Xxx Signed for and on behalf of the Purchaser SonicHash Inc. Signature /s/Lianfei Du /s/ Xxxxxxx Xx Title Director: Lianfei DuXxxxxxx Xx

Appears in 1 contract

Samples: Sales and Purchase Agreement (China Xiangtai Food Co., Ltd.)

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Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Bitfufu Signature /s/ Zxxxx Xx Xxxxx Title Director: Zxxxx Xxxxx Director Signed for and on behalf of the Purchaser SonicHash Inc. Signature /s/Lianfei Du /s/ Xxxxx Xxxxxxxxxxxx Title Director: Lianfei DuCEO

Appears in 1 contract

Samples: Futures Sales and Purchase Agreement (Sphere 3D Corp)

Liquidated Damages Not Penalty. It is expressly agreed that any liquidated damages payable under this Agreement do not constitute a penalty and that the Parties, having negotiated in good faith for such specific liquidated damages and having agreed that the amount of such liquidated damages is reasonable in light of the anticipated harm caused by the breach related thereto and the difficulties of proof of loss and inconvenience or nonfeasibility of obtaining any adequate remedy, are estopped from contesting the validity or enforceability of such liquidated damages. (The rest part of the page is intentionally left in blank) Signed for and on behalf of The Seller MINEONE INC Signature HashCow LLC Signature: /s/ Zxxxx Xxxxx Bxxx Xxx Title Director: Zxxxx Xxxxx Bxxx Xxx Signed for and on behalf of the Purchaser SonicHash Inc. Signature /s/Lianfei Du LLC Signature: /s/ Jxxxxxx Xx Title Director: Lianfei DuJxxxxxx Xx

Appears in 1 contract

Samples: Sales and Purchase Agreement (China Xiangtai Food Co., Ltd.)

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