Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 2177

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 7
Chunk 2177
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 the Company’s Board, was awarded 20,000 RSUs with immediate vesting pursuant to the Company’s
2021 Omnibus Equity Incentive Plan. He will be provided with additional compensation for any renewal of at least the initial 20,000 RSUs
award. He is eligible for additional compensation, from time to time, at the discretion of the Board. His term was one year and was initially
renewed for a one-year renewal year re-election by a majority of the shareholders of the Company at the July 29, 2022 Annual General Meeting
and has subsequently been renewed at the October 2, 2024 Annual General Meeting.  In March 2024, 40,000 RSUs were awarded under the
2023 Omnibus Equity Incentive Plan with immediate vesting. In January 2025, 20,000 RSUs were awarded under the 2023 Omnibus Equity Incentive
Plan with immediate vesting

As recommended by the Company’s Nominating
and Corporate Governance Committee, the Company entered into a Director Agreement with Jiashu (Bill) Xiong (“Xiong”), pursuant
to which Xiong was elected as a member of the Company’s Board of Directors, effective October 13, 2023. Mr. Xiong is receiving cash
compensation for his services on the Board equal to $4,000 a year paid on a quarterly basis. Xiong is also receiving an annual salary
of $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