Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 146

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 146
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 if the Indemnitee acted in good faith and in a manner the Indemnitees reasonably believed to be in
or not opposed to the best interests of the Company, and with respect to any criminal proceeding, had no reasonable cause to believe the
Indemnitee’s conduct was unlawful.

(c) The Indemnitees shall
be entitled to indemnification if the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding brought
by or in the right of the Company, provided the Indemnitees acted in good faith and in a manner the Indemnitee reasonably believed to
be in or not opposed to the best interests of the Company; , , that if applicable law so provides, no indemnification
against such Expenses shall be made in respect of any claim, issue or matter in such Proceeding as to which Indemnitees shall have been
adjudged to be liable to the Company unless and to the extent that a court of competent jurisdiction shall determine that such indemnification
may be made.

(d) To the extent that an
Indemnitee is a party to and is successful, on the merits or otherwise, in any proceeding, he shall be indemnified to the maximum extent
permitted by law, as such may be amended from time to time, against all Expenses actually and reasonably incurred by him, or on his behalf,
in connection therewith. If Indemnitee is not 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 Ind