Company: ABTC
Filing Date: 2025-08-29
Form Type: S-3/A
Source: 0001213900-25-082524
Chunk: 30

Company: American Bitcoin Corp.
Filing Date: 2025-08-29
Form: S-3/A
Chunk 30
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 incurred in connection with the defense or
settlement of any such threatened, pending or completed action or suit if such person acted in good faith and in a manner he reasonably
believed to be in or not opposed to the best interests of the corporation and provided further that (unless a court of competent jurisdiction
otherwise provides) such person shall not have been adjudged liable to the corporation. Any such indemnification may be made only as authorized
in each specific case upon a determination by the stockholders or disinterested directors or by independent legal counsel in a written
opinion that indemnification is proper because the indemnitee has met the applicable standard of conduct.

Section 145 further authorizes
a corporation to purchase and maintain insurance on behalf of any person who is or was a director, officer, employee or agent of the corporation
or is or was serving at the request of the corporation as a director, officer, employee or agent of another corporation or enterprise,
against any liability asserted against him and incurred by him in any such capacity or arising out of his status as such, whether or not
the corporation would otherwise have the power to indemnify him under Section 145. We maintain policies insuring our officers and
directors against certain liabilities for actions taken in such capacities, including liabilities under the Securities Act.

Section 102(b)(7) of
the DGCL permits a corporation to include in its certificate of incorporation a provision eliminating or limiting the personal liability
of a director to the corporation or its shareholders for monetary damages for breach of fiduciary duty as a director; provided that such
provision shall not eliminate or limit the liability of a director (i) for any breach of the director’s duty of loyalty to
the corporation or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing
violation of law, (iii) under Section 174 of the DGCL (relating to unlawful payment of dividends and unlawful stock purchase
or redemption) or (iv) for any transaction from which the director derived an improper personal benefit.

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

Article VI of the Amended
and Restated Bylaws of the Company contains provisions which are designed to provide mandatory indemnification of directors and officers
of the Company to the full extent permitted by law, as now in effect or later amended. The Amended and Restated Bylaws further provide
for reimbursement and advances of payment of expenses actually and reasonably incurred by a