Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 521

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 521
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2 |     | $2.50 based on 30-day VWAP  |     | $              | 250 Million |     | 200% of Base Salary        |
| Tranche 3 |     | $5.00 based on 30-day VWAP  |     | $              | 500 Million |     | 300% of Base Salary        |
| Tranche 4 |     | $10.00 based on 30-day VWAP |     | $              | 1 Billion   |     | 500% of Base Salary        |

No Incentive Bonus tranche will become payable unless both the stock price goal and the market capitalization goal (“Goals”) for the applicable tranche are satisfied, and the market capitalization goal is attained simultaneously with the stock price goal. Additionally, the Incentive Bonus may be earned in a change in control if the consideration paid per share of Company common stock exceeds an Incentive Bonus tranche stock price goal and the total value received in the transaction exceeds an Incentive Bonus tranche market capitalization goal. Under no circumstances may the performance goals for an Incentive Bonus tranche be achieved more than one time. The Incentive Bonus, to the extent any tranche becomes payable, will be paid within thirty days of the attainment of the applicable goals, subject to Mr. Gutterman remaining in continuous employment with the Company through each payment date. The Company will continue to evaluate the probability of the CEO’s achievement of the Goals. As of December 31, 2024, the Company has not accrued for the Incentive Bonus.

All bonuses payable under the CEO Agreement, except the stock bonus, may be paid in cash, Bitcoin, Company equity, or a mix of any of the foregoing.

Under the CEO Agreement, Mr. Gutterman will be entitled to receive the following severance payments and benefits upon a termination of his employment by the Company without “cause,” by Mr. Gutterman for “good reason” (each, as defined in the CEO Agreement and collectively, a “Qualifying Termination”), that does not occur in connection with a change in control:

(1)the Accrued Obligations (as defined in the CEO Agreement),

(2)Mr. Gutterman’s annual base salary, and

(3)the product of (x) 12 and (y) Mr. Gutterman’s monthly cost for health and welfare benefits pursuant to his elections under the Company’s health and welfare