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Bitdeer Technologies Group – ‘F-4’ on 3/8/23 – ‘EX-10.15’

On:  Wednesday, 3/8/23, at 9:08am ET   ·   Accession #:  1104659-23-29896   ·   File #:  333-270345

Previous ‘F-4’:  None   ·   Next:  ‘F-4/A’ on 3/17/23   ·   Latest:  ‘F-4/A’ on 3/23/23   ·   17 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/08/23  Bitdeer Technologies Group        F-4                   42:13M                                    Toppan Merrill/FA

Registration Statement by a Foreign Issuer – Securities for a Merger   —   Form F-4

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: F-4         Registration Statement by a Foreign Issuer -        HTML   9.01M 
                Securities for a Merger                                          
 2: EX-3.1      Articles of Incorporation/Organization or Bylaws    HTML     21K 
 3: EX-4.1      Instrument Defining the Rights of Security Holders  HTML     13K 
 4: EX-5.1      Opinion of Counsel re: Legality                     HTML     22K 
 5: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     21K 
 6: EX-8.2      Opinion of Counsel re: Tax Matters                  HTML     21K 
14: EX-10.10    Material Contract                                   HTML     27K 
15: EX-10.11    Material Contract                                   HTML     23K 
16: EX-10.12    Material Contract                                   HTML     33K 
17: EX-10.13    Material Contract                                   HTML     16K 
18: EX-10.14    Material Contract                                   HTML     18K 
19: EX-10.15    Material Contract                                   HTML     34K 
20: EX-10.16    Material Contract                                   HTML     67K 
21: EX-10.17    Material Contract                                   HTML     99K 
22: EX-10.18    Material Contract                                   HTML     17K 
23: EX-10.19    Material Contract                                   HTML    281K 
24: EX-10.20    Material Contract                                   HTML     90K 
25: EX-10.21    Material Contract                                   HTML    115K 
 7: EX-10.3     Material Contract                                   HTML     81K 
 8: EX-10.4     Material Contract                                   HTML     54K 
 9: EX-10.5     Material Contract                                   HTML    271K 
10: EX-10.6     Material Contract                                   HTML     19K 
11: EX-10.7     Material Contract                                   HTML     24K 
12: EX-10.8     Material Contract                                   HTML     63K 
13: EX-10.9     Material Contract                                   HTML     19K 
26: EX-21.1     Subsidiaries List                                   HTML     14K 
27: EX-23.1     Consent of Expert or Counsel                        HTML     12K 
28: EX-23.2     Consent of Expert or Counsel                        HTML     12K 
29: EX-23.3     Consent of Expert or Counsel                        HTML     14K 
30: EX-23.7     Consent of Expert or Counsel                        HTML     14K 
31: EX-23.8     Consent of Expert or Counsel                        HTML     14K 
42: EX-FILING FEES  Filing Fees                                     HTML     21K 
32: EX-99.1     Miscellaneous Exhibit                               HTML     24K 
41: EX-99.10    Miscellaneous Exhibit                               HTML     16K 
33: EX-99.2     Miscellaneous Exhibit                               HTML     75K 
34: EX-99.3     Miscellaneous Exhibit                               HTML     12K 
35: EX-99.4     Miscellaneous Exhibit                               HTML     12K 
36: EX-99.5     Miscellaneous Exhibit                               HTML     12K 
37: EX-99.6     Miscellaneous Exhibit                               HTML     12K 
38: EX-99.7     Miscellaneous Exhibit                               HTML     12K 
39: EX-99.8     Miscellaneous Exhibit                               HTML     12K 
40: EX-99.9     Miscellaneous Exhibit                               HTML     12K 


‘EX-10.15’   —   Material Contract


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 

Exhibit 10.15

 

Certain confidential information contained in this document, marked by [***], has been omitted because such information is both not material and is the type that the Company customarily and actually treats that as private or confidential.

 

Addendum 3 to Land Lease Agreement

 

This addendum dated March 22nd, 2021 ("Addendum Date") to Land Lease Agreement (“Agreement”) dated November 15th, 2019 between Norway Hash Technologies AS (“Customer”), a company existing under the laws of Norway with registration number 921254075 and Troll Housing AS ("Troll") a Norwegian corporation with registration number [***].

 

Background

 

Customer considers to increase capacity of their datacenters in Norway, operated by Troll Housing AS and sister company Tydal Data Center AS, with a total capacity (“Total Load”). Customer expects a reduction in Land lease as a function of Total Load and the Parties have agreed that this price reduction applies to expansion and not to the existing 30MW datacenter called Molde-1 and Molde-2. The Land Lease for Molde-3, 4 and 5 is constructed by two factors, Monthly Rent 1 and Monthly Rent 2. A similar Land Lease structure will be used for further capacity expansion as defined in this Addendum.

 

THEREFORE, in consideration of the mutual covenants contained herein, and intending to be legally bound hereby, the Parties agree this addendum as follows:

 

Purpose

 

This agreement specifies a fixed Monthly Rent 1 (Land lease based on datacenter capacity) and a rebate structure for Monthly Rent 2 (Land Lease dependent on energy use) as a function of Total Load in combination of datacenter capacity in Troll Housing AS and sister company Tydal Data Center.

 

Land Rent volume rebate

 

Land Rent volume rebate for datacenter capacity more than 30MW (called New Load, defined as sum of Datacenter capacity Molde-3, 4, 5 etc in Molde and datacenters in Tydal such as Tydal-1,2, 3 etc) is agreed as specified in Table 1.

 

   Molde 1-5 & Tydal 1-3  Example   Energy volume (kWh) 30-day month   Land Lease (NOK/kWh)   Sum invoiced 
   Unit price adjustment
range Based on capacity
  Capacity (MW)   Total load (Y)   New Load   Total (Y)   Fix Unit Price
Based on
capacity
   Monthly Rent 1
(NOK)
   Floating
Unit Price
Based on use
   Monthly
Rent 2
(NOK)
   Monthly Rent
(NOK)
 
Fix  [***]   [***]    [***]         [***]    [***]   [***]   [***]    [***]    [***] 
   [***]   [***]                                     [***] 
   [***]   [***]    [***]    [***]    [***]    [***]   [***]   [***]    [***]    [***] 
Floating  [***]   [***]    [***]    [***]    [***]    [***]   [***]   [***]    [***]    [***] 
   [***]   [***]    [***]    [***]    [***]    [***]   [***]   [***]    [***]    [***] 
   [***]   [***]    [***]    [***]    [***]    [***]   [***]   [***]    [***]    [***] 

 

Table 1: Definition of Monthly Rent 1 and Monthly Rent 2 as function of Total Load

 

In Table 1, some examples of New Load are provided and Monthly Rent 1 and 2 is calculated for this additional capacity. The corresponding Total Load (Y) is defined as the current load in Molde-1-2, called X, plus New Load. The sum invoiced from the combination of Land Lease in both datacenters in Molde and Tydal is provided in the last column called “Monthly Rent”. This rent includes both existing Molde-1-2 (X) and the agreed expansion (New Load). Note that rent for capacity in Molde is invoiced from Troll Housing AS, while capacity in Tydal is invoiced from sister company Tydal Data Center AS. 

 

 C: 

 C: 1

 

 

Use of land

 

If Customer is no longer using the allocated energy and want to keep the power allocation from the local grid company to the datacenter, the grid company may require that the connection fee (currently NOK [***] / kWh installed capacity) is paid to keep the allocation. If and when such requirement is received from local grid company, Troll will invoice and Customer will pay the connection fee similar to normal operation to keep the allocation, except the purchase of energy and green certificates.

 

If Customer reduces the use of energy, the connection fee for the mandatory price increase by the grid company will be borne by Customer.

 

If Customer stops using the load for more than two years, Troll has the right to terminate the land lease Land Lease Agreement. If Troll terminates the Land Lease Agreement using this clause, Customer does not need to pay the Land Lease fee after termination date.

 

Miscellaneous

 

This Addendum 3 shall be deemed to form part of the Agreement. Subject to the provisions of this Addendum, the Agreement shall remain in full force and effect.

 

IN WITNESS WHEREOF, the Parties have caused this Addendum to be duly executed and delivered by their respective authorized representatives as of the Addendum Date stated in the first paragraph.

 

For and on behalf of Customer   For and on behalf of Troll Housing AS
     
/s/ Wang Wenguang   /s/ Haakon Bryhni
Authorized Signature   Authorized Signature
Print Name: Wang Wenguang   Print Name: Haakon Bryhni
Date: March 22nd, 2021   Date: March 22nd, 2021

 

 C: 

2

 

 

 

 


16 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/23/24  Bitdeer Technologies Group        POS AM                 1:650K                                   Broadridge Fin’l So… Inc
 3/28/24  Bitdeer Technologies Group        F-3/A                  2:482K                                   Broadridge Fin’l So… Inc
 3/28/24  Bitdeer Technologies Group        F-3/A                  2:718K                                   Broadridge Fin’l So… Inc
 3/28/24  Bitdeer Technologies Group        POS AM                 2:654K                                   Broadridge Fin’l So… Inc
 3/28/24  Bitdeer Technologies Group        20-F       12/31/23  127:19M                                    Broadridge Fin’l So… Inc
 3/18/24  Bitdeer Technologies Group        F-3                  226:33M                                    Broadridge Fin’l So… Inc
 3/18/24  Bitdeer Technologies Group        F-3                  231:35M                                    Broadridge Fin’l So… Inc
11/06/23  Bitdeer Technologies Group        S-8        11/06/23    5:214K                                   Broadridge Fin’l So… Inc
10/10/23  Bitdeer Technologies Group        POS AM               225:35M                                    Broadridge Fin’l So… Inc
 9/18/23  Bitdeer Technologies Group        F-1/A                124:20M                                    Broadridge Fin’l So… Inc
 8/11/23  Bitdeer Technologies Group        F-1                  126:20M                                    Broadridge Fin’l So… Inc
 6/23/23  Bitdeer Technologies Group        S-8         6/23/23    5:106K                                   Broadridge Fin’l So… Inc
 4/28/23  Bitdeer Technologies Group        20-F       12/31/22  128:17M                                    Toppan Merrill/FA
 4/19/23  Bitdeer Technologies Group        20-F        4/13/23    6:4M                                     Toppan Merrill/FA
 3/23/23  Bitdeer Technologies Group        F-4/A                  3:10M                                    Toppan Merrill/FA
 3/17/23  Bitdeer Technologies Group        F-4/A                  4:10M                                    Toppan Merrill/FA


1 Previous Filing that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

12/15/21  Blue Safari Group Acq Corp.       8-K:1,7,9  12/15/21   14:6.5M                                   Toppan Merrill/FA
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