Company: BTBT
Filing Date: 2025-06-11
Form Type: S-3/A
Source: 0001213900-25-053489
Chunk: 41

Company: Bit Digital, Inc
Filing Date: 2025-06-11
Form: S-3/A
Chunk 41
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 to avoid
conflicts of interest and of duty. The common law duties owed by a director are those to act with skill, care and diligence that may reasonably
be expected of a person carrying out the same functions as are carried out by that director in relation to the company and, also, to act
with the skill, care and diligence in keeping with a standard of care commensurate with any particular skill they have which enables them
to meet a higher standard than a director without those skills. In fulfilling their duty of care to us, our directors must ensure compliance
with our Articles, as amended and restated from time to time. We have the right to seek damages where certain duties owed by any of our
directors are breached.

Shareholder Action by Written Consent. Under the Delaware General Corporation Law, a corporation may eliminate the right of shareholders to act by
written consent by amendment to its certificate of incorporation. Cayman Islands law and our current articles of association provide that
shareholders may approve corporate matters by way of a unanimous written resolution signed by or on behalf of each shareholder who would
have been entitled to vote on such matter at a general meeting without a meeting being held.

Shareholder Proposals.
Under the Delaware General Corporation Law, a shareholder has the right to put any proposal before the annual meeting of shareholders,
provided it complies with the notice provisions in the governing documents. A special meeting may be called by the board of directors
or any other person authorized to do so in the governing documents, but shareholders may be precluded from calling special meetings.

Cayman Islands law
does not provide shareholders any right to put proposals before a meeting or requisition a general meeting. However, these rights
may be provided in articles of association. Our current articles of association allow our shareholders holding not less than ten
(10%) percent of all paid up share capital in issue and carrying the right of voting at general meetings to requisition a
shareholder’s meeting. Other than this right to requisition a shareholders’ meeting, our current articles of association
do not provide our shareholders other right to put proposal before a meeting. As a Cayman Islands exempted company, we are not
obliged by law to call shareholders’ annual general meetings.

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Cumulative Voting.Under the Delaware General Corporation Law, cumulative voting for elections of directors is not permitted unless the corporation’s
certificate of incorporation specifically provides for it. Cumulative voting potentially facilitates the representation of minority shareholders