Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 410

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 410
---
 a minimum of six (6) months Base Salary at all times during the
Employment Period.

Mr. Tabar has agreed to hold, both during and
after the termination or expiry of his employment agreement, in strict confidence and not to use, except as required in the performance
of his duties in connection with the employment or pursuant to applicable law, any of our confidential information or trade secrets, any
confidential information or trade secrets of our clients or prospective clients, or the confidential or proprietary information of any
third party received by us and for which we have confidential obligations. Mr. Tabar has also agreed to assign all right, title and interest
(including but not limited to patents and trademarks) in all inventions and designs which he conceives, develops or reduces to practice
during his employment with the Company and two (2) years thereafter.

In addition, Mr. Tabar has agreed to be bound
by non-competition and non-solicitation restrictions during the term of his employment. Specifically, Mr. Tabar has agreed not to (i) approach
our suppliers, clients, customers or contacts or other persons or entities introduced to him in his capacity as a representative of the
Company for the purpose of doing business with such persons or entities that will harm the Company’s business relationships with
these persons or entities; or (ii) seek directly or indirectly, to solicit the services of any of the Company’s employees who
is employed by the Company on or after the date of his termination, or in the year preceding such termination, without our express consent.

Bryan Bullett

Mr. Bullett was employed under a two-year Employment
Agreement effective March 31, 2021 until March 31, 2023. He was compensated at the rate of $125,000 per annum during 2021. Pursuant to
an amendment dated January 1, 2022, Mr. Bullett’s base salary was increased to $500,000 commencing January 1, 2022 through the end
of the two-year term. He has been eligible for a discretionary yearly cash bonus based on targets and performance criteria to be established
by the Board. Mr. Bullett was awarded 120,765 restricted stock units (“RSUs”) under his Employment Agreement. The RSUs were
awarded under the 2021 Omnibus Equity Incentive Plan approved by the Company’s shareholders at its April 2021 Annual General Meeting.

Pursuant to a Confidential