Company: BTBT
Filing Date: 2025-10-02
Form Type: 305B2
Source: 0001213900-25-095536
Chunk: 10

Company: Bit Digital, Inc
Filing Date: 2025-10-02
Form: 305B2
Chunk 10
---
ancy at any regular meeting of the Board, or at a special meeting called for that purpose.

Section 3.1.
. The Board may appoint persons, who need not be directors, to serve as advisory directors on an advisory
board of directors established with respect to the business affairs of either this Association alone or the business affairs of a group
of affiliated organizations of which this Association is one. Advisory directors shall have such powers and duties as may be determined
by the Board, provided, that the Board’s responsibility for the business and affairs of this Association shall in no respect be delegated
or diminished.

Section 3.2.
. At least once during each calendar year, the Association shall arrange for a suitable audit (by internal
or external auditors) of all significant fiduciary activities under the direction of its trust audit committee, a function that will be
fulfilled by the Audit Committee of the financial holding company that is the ultimate parent of this Association. The Association shall
note the results of the audit (including significant actions taken as a result of the audit) in the minutes of the Board. In lieu of annual
audits, the Association may adopt a continuous audit system in accordance with 12 C.F.R. § 9.9(b).

The Audit Committee of the financial
holding company that is the ultimate parent of this Association, fulfilling the function of the trust audit committee:

| (1) | Must not include any officers of the Association or an affiliate who participate significantly 
 in the administration of the Association’s fiduciary activities; and                           |

| (2) | Must consist of a majority of members who are not also members of any committee to which         
 the Board has delegated power to manage and control the fiduciary activities of the Association. |

Section 3.3. . The Board may appoint an Executive Committee which shall consist of at least three directors and which shall have, and
may exercise, to the extent permitted by applicable law, all the powers of the Board between meetings of the Board or otherwise when the
Board is not meeting.

Section 3.4.
. The Board of this Association shall appoint a Trust Management Committee to provide oversight of the
fiduciary activities of the Association. The Trust Management Committee shall determine policies governing fiduciary activities. The Trust
Management Committee or such sub-committees, officers or others as may be duly designated by the Trust Management Committee shall oversee
the processes related to fiduciary activities to assure conformity with fiduciary policies it establishes