Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2603

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 9C
Chunk 2603
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68,000 from Bit Digital Canada, Inc., as the Company’s IT Director. While Xiong is a member of the Board and for a twelve-month
period following termination of the Director Agreement, he cannot have any connections with any business or venture that competes, directly
or indirectly, with the Company. For a period of three (3) years from termination of the Director Agreement, Xiong is prohibited from
interfering with the Company’s relationship with or seek to have any employee or customer of the Company leave the Company.

There have been no transactions in the past two
years to which the Company or any of its subsidiaries was or is to be a party, in which each independent director had, or will have, a
direct or indirect material interest.

Omnibus Equity Incentive Plans

Share-based compensation such as restricted stock
units (“RSUs”), incentive and non-statutory stock options, restricted shares, share appreciation rights and share payments
may be granted to any directors, employees and consultants of the Company or affiliated companies under 2021 Omnibus Equity Incentive
Plan (“2021 Plan”), 2021 Second Omnibus Equity Incentive Plan (“2021 Second Plan”) and 2023 Omnibus Equity Incentive
Plan (“2023 Plan”). An aggregate of 2,415,293 RSUs were granted under the 2021 Plan and no ordinary shares remain reserved
for issuance under the 2021 Plan. There are 5,000,000 ordinary shares reserved for issuance under the Company’s 2021 Second Plan,
under which 4,211,372 RSUs and 395,000 share options have been granted as of December 31, 2024. There are 5,000,000 ordinary shares reserved
for issuance under the Company’s 2023 Plan, under which 4,732,718 RSUs have been granted as of December 31, 2024.

Clawback Policy

On November 30, 2023, the Board of Directors adopted
a clawback policy which provides for the recovery of certain executive compensation in the event of an accounting restatement resulting
from material non-compliance with financial reporting requirements under the federal securities laws. Since the adoption of this policy,
there have been no accounting restatements, nor is there any compensation to be recovered.

114

Item 12. Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters

The following table sets forth information regarding