Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 141

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 141
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 distribution of any surplus assets of the Company,
or (B) that amount that such preference share would have received had it been converted into an ordinary share pursuant to the conversion
provisions in our Articles (as summarized below) on the day immediately prior to the date on which the Company entered liquidation. On
an insolvency, liquidation or winding up of the Company, the holder of our preference shares shall be repaid in priority to the holders
of our ordinary shares.

Conversion. Subject
to the limitations summarized out below, the holder of any preference share may convert any preference shares held by them into ordinary
shares of the Company on a one-for-one basis. The holder of any preference shares shall not be permitted to convert its preference shares
into ordinary shares if such conversion would result in such holder being the registered owner of more than 4.99% of the issued ordinary
shares of the Company.

Enhanced voting rights.
h. For all matters relating to the Company requiring the votes of shareholder by a poll or by proxy, each preference share shall carry
the equivalent number of votes as 50 ordinary shares.

<div align='center'>74

INTEREST OF NAMED EXPERTS AND COUNSEL</div>

There are no interests
of named experts and counsel.

<div align='center'>DISCLOSURE OF COMMISSION POSITION ON INDEMNIFICATION
FOR SECURITIES ACT LIABILITIES</div>

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the Company, the SEC
has expressed its opinion that such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Company of expenses incurred or
paid by a director, officer or controlling person of the Company in the successful defense of any action, suit or proceeding) is asserted
by such director, officer or controlling person in connection with the shares being registered, the Company will, unless in the opinion
of our counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether
such indemnification by us is against public policy as expressed in the Securities Act and we will be governed by the final adjudication
of such issue.

<div align='center'>EXEMPTION FROM REGISTRATION CLAIMED</div>

Exemption from registration
pursuant to Section 4(a)(2) of