Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 145

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 145
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 over all other claims. No such Director, officer or trustee shall be liable or
answerable for the acts, receipts, neglects or defaults of any other Director, officer or trustee or for joining in any receipt or other
act for conformity or for any loss or expense happening to the Company through the insufficiency or deficiency of any security in or upon
which any of the monies of the Company which shall be invested or for any loss of the monies of the Company which shall be invested on
for any loss or damage arising from the bankruptcy, insolvency or tortious act of any person with whom any monies, securities or effects
shall be deposited, or for any other loss, damage or misfortune whatsoever which shall happen in or about the execution of the duties
of his respective office or trust or in relation thereto unless the same happens through his own willful neglect or default.

(C) The Board of Directors of the registrant authorized
the registrant to enter into indemnity agreements with officers and directors of the registrant when and as determined by the Board of
Directors. Pursuant to the foregoing authority, the registrant has entered into indemnity agreements with each of its directors and certain
of its officers.

The indemnity agreements obligate the registrant
to provide the maximum protection allowed under the Cayman Law. The indemnity agreements supplement and increase the protection afforded
to officers and directors under the Certificate of Incorporation in the following respects:

(a) The Indemnification Agreements
entered into with Bryan Bullett and Sam Tabar (the “Indemnitees”) dated as of March 31, 2021 in connection with their Employment
Agreements, as amended, provide for a supplement to and in furtherance of the Amended and Restated Memorandum and Articles of Association.
The Indemnitees did not regard the protection available under the organizational documents of the Company and any insurance policies maintained
by the Company to be adequate.

(b) The Indemnitees shall
be entitled to indemnification if the Indemnitee is, or is threatened to be made, a party to or participant in any Proceeding (as defined)
other than a Proceeding by or in the right of the Company. The Indemnitees shall be indemnified against all expenses, judgments, penalties,
fines and amounts paid in settlement actually and reasonably incurred by him, or on his behalf, in connection with such Proceeding or
any claim, issue or matter therein,