Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 78

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 78
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, damage or misfortune whatsoever which shall happen in or about the execution of the duties
of his respective office or trust or in relation thereto unless the same happens through his own willful neglect or default.

(C) The Board of Directors of the registrant authorized
the registrant to enter into indemnity agreements with officers and directors of the registrant when and as determined by the Board of
Directors. Pursuant to the foregoing authority, the registrant has entered into indemnity agreements with each of its directors and certain
of its officers.

<div align='center'>II-1</div>

The indemnity agreements obligate the registrant
to provide the maximum protection allowed under the BCL. The indemnity agreements supplement and increase the protection afforded to officers
and directors under the Certificate of Incorporation in the following respects:

(a) The Indemnification Agreements
entered into with Bryan Bullett and Sam Tabar (the “Indemnitees”) dated as of March 31, 2021 in connection with their Employment
Agreements provide for a supplement to and in furtherance of the Amended and Restated Memorandum and Articles of Association. The Indemnitees
did not regard the protection available under the organizational documents of the Company and any insurance policies maintained by the
Company to be adequate.

(b) 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 (as defined)
other than a Proceeding by or in the right of the Company. The Indemnitees shall be indemnified against all expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or
any claim, issue or matter therein, 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