RESIGNATION AND RELEASE AGREEMENTResignation and Release Agreement • May 15th, 2019 • MGT Capital Investments, Inc. • Patent owners & lessors • Delaware
This resignation and release agreement (the “Agreement”) dated May 13, 2019, is entered into by and among Stephen Schaeffer, an individual (the “Employee”) and MGT Capital Investments, Inc., a company incorporated under the laws of Delaware (the “Company”). Each of the parties named above may be referred to as a “Party” and collectively as the “Parties.”
ContractProfit Sharing Agreement • May 15th, 2019 • MGT Capital Investments, Inc. • Patent owners & lessors • Delaware
This AGREEMENT (this “Agreement”), effective as of May 1, 2019 (the “Effective Date”) by and among MGT Capital Investments, Inc., a Delaware corporation (“Supplier”); 500 N 4th Street LLC, a Delaware limited liability company (“Service Provider”); and Bit5ive LLC, a Florida limited liability company (“Operator”, and collectively with Supplier and Service Provider, the “Parties”), for the profit sharing agreement relating to the generation of Bitcoin mining revenues at the designated facility (the “Facility”) located in Coshocton, OH (the “Project”).
