Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 139

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 139
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 votes
cast by holders of our preference shares), while a special resolution requires the affirmative vote of no less than two-thirds of the
votes cast (including votes cast by holders of our preference shares). Under Cayman Islands law, some matters, such as amending the memorandum
and articles, changing the name or resolving to be registered by way of continuation in a jurisdiction outside the Cayman Islands, require
approval of shareholders by a special resolution.

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There are no limitations
on non-residents or foreign shareholders in the memorandum and articles to hold or exercise voting rights on the ordinary shares imposed
by foreign law or by the charter or other constituent document of our company. However, no person will be entitled to vote at any general
meeting or at any separate meeting of the holders of the ordinary shares unless the person is registered as of the record date for such
meeting and unless all calls or other sums presently payable by the person in respect of ordinary shares in the Company have been paid.

Winding Up; Liquidation. Upon
the winding up of our company, after the full amount that holders of any issued shares ranking senior to the ordinary shares as to distribution
on liquidation or winding up are entitled to receive has been paid or set aside for payment, the holders of our ordinary shares are entitled
to receive any remaining assets of the Company available for distribution as determined by the liquidator. The assets received by the
holders of our ordinary shares in a liquidation may, with the sanction of a special resolution and any other sanction required by the
Companies Act, consist in whole or in part of property, which is not required to be of the same kind for all shareholders.

Calls on ordinary shares and Forfeiture of ordinary shares. Our board of directors may from time to time make calls upon shareholders for any amounts
unpaid on their ordinary shares in a notice served to such shareholders at least 14 days prior to the specified time and place of payment.
Any ordinary shares that have been called upon and remain unpaid are subject to forfeiture.

Redemption of ordinary shares. We may, subject to obtaining the necessary approvals under our memorandum and articles of association, issue shares that
are, or at our option or at the option of the holders are, subject to redemption. Under the Companies Act, shares of a Cayman Islands
exempted company may be redeemed or repurchased out of profits of the company, out of the proceeds of a fresh issue of shares made for
that purpose or out