Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 147

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 147
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 wholly successful in such Proceeding but is successful, on the merits or otherwise, as to
one or more but less than all claims, issues or matters in such Proceeding, the Company shall indemnify Indemnitee against all Expenses
actually and reasonably incurred by him, or on his behalf, in connection with each successfully resolved claim, issue or matter.

<div align='center'>II-2</div>

(e) Whether or not indemnification
is available, in respect of any Proceeding in which the Company is jointly liable with Indemnitee (or would be if joined in such Proceeding),
the Company shall pay, in the first instance, the entire amount of any judgment or settlement of such Proceeding without requiring Indemnitee
to contribute to such payment and the Company waived and relinquished any right of contribution it may have against Indemnitee.

(f) All agreements and obligations
of the Company contained in the Agreement shall continue until the date that is ten (10) years after the date upon which Indemnitee’s
corporate status terminates and shall continue thereafter so long as Indemnitee shall be subject to any Proceeding.

(g) The Indemnitee provided
certain consulting services to the Company prior to his employment by the Company pursuant to an agreement dated February 1, 2021 between
the Company and Wellington Park Inc. (“Wellington”), a company owned by Indemnitee. To further induce Indemnitee to accept
employment with the Company, the Company agrees that the terms of the Indemnification Agreement shall apply to Wellington as if Wellington
were also the “Indemnitee” under such Agreement.

Insofar as indemnification for liabilities arising
under the Securities Act may be permitted to officers and directors pursuant to the provisions described above or otherwise, we have been
advised that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is, therefore,
unenforceable.

Item 7. Exemption from Registration Claimed.

Not applicable.

Item 8. Exhibits

| Exhibit No. |     | Description                                                                           |
| 4.1         |     | 2025 Omnibus Equity Incentive Plan with Form of Restricted Share Award(1)             |
| 4.2         |     | Form of Incentive Share Option Agreement                                              |
| 4.3         |     | Form of Non-Statutory Share Option Agreement                                          |
|