Company: BTBT
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001213900-25-030356
Chunk: 51

Company: Bit Digital, Inc
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 51
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 of 1934, as amended from time to time. References to a particular section of the Exchange Act include references to successor provisions. Annex A-2 2.19“ Exercise Price ” means (a) with respect to an Option, the price at which a Share may be purchased by a Grantee pursuant to such Option or (b) with respect to an SAR, the price established at the time an SAR is granted pursuant to Article 7, which is used to determine the amount, if any, of the payment due to a Grantee upon exercise of the SAR. Notwithstanding the foregoing, the Exercise Price may never be less than the par value per Share of US$0.01. 2.20“ Fair Market Value ” means, as of any date, unless otherwise specifically provided in an Award Agreement, the value of Shares determined as follows: (a)If the Shares are listed on one or more established and regulated securities exchanges, national market systems or automated quotation systems on which Shares are listed, quoted or traded, Fair Market Value means a price that is based on the opening, closing, actual, high, low, or the arithmetic mean of selling prices of a Share reported on the principal exchange or system on which the Shares are traded on the applicable date or the preceding trading day. (b)If the Shares are traded over the counter at the time a determination of Fair Market Value is required to be made hereunder, Fair Market Value shall be deemed to be equal to the arithmetic mean between the reported high and low or closing bid and asked prices of a Share on the applicable date, or if no such trades were made that day then the most recent date on which Shares were publicly traded. (c)In the event Shares are not publicly traded at the time a determination of their value is required to be made hereunder, the determination of their Fair Market Value shall be made by the Committee in such manner as it deems appropriate. 2.21“ Grant Date ” means the date on which an Award is granted or such later date as specified in advance by the Committee. 2.22“ Grantee ” means a person who has been granted an Award. 2.23“ Incentive Share Option ” means an Option that is intended to meet the requirements of Section 422 of the Code. 2.24“ Including ” or “ includes ” means “including, without limitation,” or “includes, without limitation,” respectively. 2.25“ Non-Employee Director ” means a member of