Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 140

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 140
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 of capital, provided the memorandum and articles of association authorize this ( and any necessary approvals thereunder
are duly obtained) and the company has the ability to pay its debts as they fall due in the ordinary course of business.

No Preemptive Rights. Holders
of ordinary shares do not have preemptive or preferential right to purchase any securities of our company.

Variation of Rights Attaching to Shares. If at any time the share capital is divided into different classes of shares, the rights attaching to any
class (unless otherwise provided by the terms of issue of the shares of that class) may, subject to the memorandum and articles of association,
be varied or abrogated with the consent in writing of the holders of three fourths of the issued shares of that class or with the sanction
of a resolution passed by not less than three-fourths of such holders of the Shares of that class as may be present in person or by proxy
at a separate general meeting of the holders of the Shares of that class.

Anti-Takeover Provisions. Some
provisions of our current memorandum and articles of association may discourage, delay or prevent a change of control of our company or
management that shareholders may consider favorable, including provisions that authorize our board of directors to issue preference shares
with enhanced rights to vote without any further vote or action by our shareholders.

Preference Shares

Dividends.The
holders of our preference shares are entitled to receive, when, if and as paid or declared by the Directors, out of assets legally available
therefor, prior and in preference to any declaration or payment of any dividend on our ordinary shares, dividends at the annual rate of
eight percent (8%) of the original purchase price per preference share, as adjusted for any share combinations or subdivisions, bonus
issues and similar recapitalization events ("Recapitalization Events"). The right to dividends on preference shares are not
cumulative, and no right accrues to holders of preference shares by reason of the fact that dividends on said shares are not declared
in any period, nor shall any undeclared or unpaid dividend bear or accrue interest.

Liquidation / Insolvency Preference. On a liquidation of the Company, the holder of any preference shares shall have the right to receive in preference to
the holders of the ordinary shares, the greater of (A) the original purchase price of that preference share (adjusted for any Recapitalization
Events) plus any declared but unpaid dividends thereon, but with no right to share in the