Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 307

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 307
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 as Defined    
 by SEC        
 Item 402(v)   |         |     | Cash         
 Compensation 
 as expensed  
 by the       
 Company      |         |
|:-------------------|:----|:--------------|--------:|:----|:-------------|--------:|
| Steve Gutterman    |     | $             |       — |     | $            |       — |
| Rob Chang          |     | $             |       — |     | $            |       — |
| Jessica Billingsly |     | $             | 892,139 |     | $            | 434,130 |

Steve Gutterman Employment Agreement On September 17, 2024, the Company entered into an executive employment agreement with Steve Gutterman (the “ Gutterman Agreement”), pursuant to which Mr. Gutterman serves as the Company’s Chief Executive Officer, reporting to the Company’s board. The Gutterman Agreement has a three -yearterm that may be renewed for successive one -yearperiods by written agreement. The Gutterman Agreement provides for (A) a $450,000 annual base salary paid in accordance with Gryphon’s normal payroll practices and which may be increased in the discretion of Gryphon’s Board, but not reduced, (B) for 2024, a pro -ratedbonus based on the Company’s and/or Mr. Gutterman’s achievement of performance goals, with the sum of the 2024 and 2025 bonuses being no less than 40% of Mr. Gutterman’s base salary, (C) a target annual bonus beginning in 2025 equal to 100% of base salary, with the actual amount of such bonus determined in the discretion of Gryphon’s Board, based on the achievement of individual and/or company performance goals determined by the Gryphon Board and payable on the date annual bonuses are paid to Gryphon’s other senior executives, but in no event later than March 15 thand conditioned upon Mr. Gutterman’s continued employment through the payment date, (D) a target annual stock bonus beginning in 2025 equal to 100% of Mr. Gutterman’s base salary, which may be paid in performance stock units or RSUs and which shall be subject to vesting conditions following the grant of such units, (E) a recommendation to the Gryphon Board that the Gryphon Board make a sign -onequity grant valued at $1,000,000 in the form RSUs, which will