Company: ABTC
Filing Date: 2025-07-29
Form Type: S-4/A
Source: 0001213900-25-068715
Chunk: 315

Company: American Bitcoin Corp.
Filing Date: 2025-07-29
Form: S-4/A
Chunk 315
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’s qualifying termination. The benefits amount is subject to a release of claims and is payable in a lump sum as soon as practicable following the effective date of the release. (4)Mr.Gutterman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gutterman Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. (5)Mr.Salzman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Salzman Agreement for the duration of his employment with Gryphon and for the six months following his termination of employment. (6)Mr.Gallie’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gallie Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. Employee Benefits and Stock Plans Gryphon Digital Mining Inc. 2024 Omnibus Incentive Plan. Set forth below is a summary of the material features of the 2024 Plan, which was adopted in connection with the Akerna Closing. The 2024 Plan provides for the following grants: (a) ISOs (within the meaning of Section 422 of the Code); (b) NSOs, (c) SARs, (d) restricted stock grants, (e) RSU grants, (f) performance grants and (g) other grants based in whole or in part by reference to shares that are granted pursuant to the terms and conditions of the 2024 Plan. Subject to any Capitalization Adjustment and the automatic increase and any other applicable provisions in the 2024 Plan, the 2024share reserve was originally set at 15% of the total number of the shares of common stock outstanding at the Akerna Closing (the “ 2024 Share Reserve”), subject to a discretionary annual increase by the Gryphon Board. As of July 28, 2025, there were 1,061,477 shares of Gryphon Common Stockavailable for issuance pursuant to the 2024 Plan. The 2024 Share Reserve will automatically increase on January 1 stof each year, for a