Company: ABTC
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-069998
Chunk: 316

Company: American Bitcoin Corp.
Filing Date: 2025-07-31
Form: 424B3
Chunk 316
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 shares or type of security subject to outstanding grants and (c) the number and 175 class of shares subject to the Incentive Stock Option Limit, will be proportionately adjusted, subject to any required action by the Gryphon Board or the stockholders of the Company and in compliance with applicable laws; provided that fractions of a share will not be issued. The shares issuable under the 2024 Plan will be authorized but unissued or forfeited shares, treasury shares or shares reacquired by the Company in any manner. ISOs may be granted only to employees of the Company and its parent and any subsidiary entities (to the extent permitted under Section 422 of the Code). All other grants may be granted to employees, consultants and directors, provided such consultants and directors render bona fide services not in connection with the offer and sale of securities in a capital -raisingtransaction. The maximum number of shares subject to grants (and of cash subject to cash -settledgrants) granted under the 2024 Plan or otherwise during any one calendar year to any non -employeedirector for service on the Gryphon Board, taken together with any cash fees paid by the Company to such non -employeedirector during such calendar year for service on the Gryphon Board, will not exceed $1,000,000 in total value (calculating the value of any such grants based on the grant date fair value of such grants for financial reporting purposes). The 2024 Plan will be administered by the Compensation Committee or the Gryphon Board acting as the Compensation Committee (the “ Gryphon Administrator”). Each option or SAR will be in such form and will contain such terms and conditions as the GryphonAdministrator deems appropriate. Each SAR will be denominated in share equivalents. The provisions of separate options or SARs need not be identical. Options and SARs may be exercisable within the times or upon the events determined by the Gryphon Administrator and as set forth in the grant agreement governing such grant. No option or SAR will be exercisable after the expiration of ten (10) years from the date the option or SAR is granted or such shorter period specified in the grant agreement. In addition, in the case of an ISO granted to a person who, at the time the ISO is granted, is a Ten Percent Holder, such option may not be exercisable after the expiration of five (5) years from the date the ISO is granted. The exercise price of an option or SAR will be such price as is determined by the GryphonAdministrator