Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 141

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 141
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 by the Directors, out of assets legally available
therefor, prior and in preference to any declaration or payment of any dividend on our ordinary shares, dividends at the annual rate of
eight percent (8%) of the original purchase price per preference share, as adjusted for any share combinations or subdivisions, bonus
issues and similar recapitalization events ("Recapitalization Events"). The right to dividends on preference shares are not
cumulative, and no right accrues to holders of preference shares by reason of the fact that dividends on said shares are not declared
in any period, nor shall any undeclared or unpaid dividend bear or accrue interest.

Liquidation / Insolvency Preference. On a liquidation of the Company, the holder of any preference shares shall have the right to receive in preference to
the holders of the ordinary shares, the greater of (A) the original purchase price of that preference share (adjusted for any Recapitalization
Events) plus any declared but unpaid dividends thereon, but with no right to share in the 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