Company: ABTC
Filing Date: 2025-07-22
Form Type: S-4/A
Source: 0001213900-25-066299
Chunk: 320

Company: American Bitcoin Corp.
Filing Date: 2025-07-22
Form: S-4/A
Chunk 320
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ergers and Mr. Gutterman’s right to receive the incentive award will terminate in connection with a termination of his employment. Sim Salzman Although Mr. Salzman’s employment agreement entitles him to single trigger acceleration if Mr. Salzman is continuously employed by Gryphon through a change in control, all of Mr. Salzman’s outstanding RSUs vested prior to May 20, 2025.

174 Eric Gallie The equity amount disclosed for Mr. Gallie is a single trigger arrangement payable pursuant to his employment agreement, which provides for full acceleration of the RSUs granted under Mr. Gallie’s employment agreement upon a change in control. None of the RSUs have previously vested, so the amount disclosed is the value of the full RSU grant. (3)Benefits Amounts The benefits amount disclosed for Mr. Gutterman consists of twelve times his monthly cost of health and welfare benefits ($2,724), which is payable in cash in a lump sum as soon as practicable following the effective date of a release of claims. This is a single trigger payment upon Mr. Gutterman’s qualifying termination. The benefits amount is subject to a release of claims and is payable in a lump sum as soon as practicable following the effective date of the release. (4)Mr.Gutterman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gutterman Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. (5)Mr.Salzman’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Salzman Agreement for the duration of his employment with Gryphon and for the six months following his termination of employment. (6)Mr.Gallie’s receipt of the benefits described herein is subject to his compliance with the customer/employee non -solicitation, noncompetition, non -disparagementand confidentiality covenants set forth in the Gallie Agreement for the duration of his employment with Gryphon and for the one year following his termination of employment. Employee Benefits and Stock Plans Gryphon Digital Mining Inc. 2024 Omnibus Incentive Plan. Set forth below is a summary of the material features of the 2024 Plan, which was adopted in connection with