Document:

ex_338288.htm

Exhibit 10.12.4

 

Amendment # 4

 

First Community Bankshares, Inc.

Supplemental Directors Retirement Plan

As Amended and Restated

 

This Amendment is to be effective January 1, 2022, and hereby amends the First Community Bankshares, Inc. Supplemental Directors Retirement Plan as amended and restated January 1, 2005. It is intended that this Amendment comply with Internal Revenue Code 409A as it does not affect the timing or method of payment of any benefits under this Plan.

 

WITNESSETH

 

WHEREAS, the Board of Directors (the “Board”) of First Community Bankshares, Inc. (the “Employer”) previously approved and adopted the Plan; and

 

WHEREAS, the Compensation Committee of the Corporation is permitted to elect, pursuant to Section 14.4 of the Plan, to cease benefit accruals under the Plan at a specified date, provided that no Participant’s Accrued Benefit or an optional Form of Payment on such Accrued Benefit is reduced;

 

WHEREAS, the Compensation Committee of the Corporation, has its powers as delegated by the full Board, the Board of the Corporation may exercise any powers of the Compensation Committee, including but not limited to election to cease benefit accruals at a specified date provided that no Participant’s Accrued Benefit or an optional Form of Payment on such Accrued Benefit is reduced;

 

WHEREAS, effective January 1, 2022, the Board of Directors of the Corporation has resolved to (1) “freeze” the Plan to new Participants with the effect of having no new Participants, and (2) amend the definition of Final Average Compensation in the Plan, but not the definition of Years of Service in the Plan, in order to cease benefit accruals, but to allow current Participants to continue to accrue Years of Service for vesting purposes;

 

 

NOW, THEREFORE, the Plan is hereby amended as follows:

 

	 	
			1.

				
			Sections 1.16 and 1.25 are amended to add the following concluding provisions:

			

 

Provided, however, that no Directors shall be considered Eligible Directors or become Participants after December 31, 2021.

 

	 	
			2.

				
			Section 3.2, Subsection (b) shall be amended in its entirety to read as follows:

			

 

Final Average Compensation – A “Participant’s “Final Average Compensation” is an average of the Director’s annual Compensation for the highest consecutive three (3) calendar years out of the last ten (10) years that he has served as a member of the Board of Directors of the Company; provided, however, that no calendar year after December 31, 2021 shall be used in determining Final Average Compensation. Accordingly, for Participants serving after December 31, 2021, “Final Average Compensation” shall be defined as an average of the Director’s annual Compensation for the highest consecutive three (3) calendar years between 2011 and 2021.

 

 

 

 

	 	
			3.

				
			Except as indicated herein, all other terms of the Plan remain intact.

			
	 	 	 
	 	4.	The Employer reserves the right to further amend the Plan.

 

IN WITNESS WHEREOF, this Amendment is adopted on this the 14th day of December, 2021.

 

 

First Community Bankshares, Inc. 

 

 

By:    /s/ William P. Stafford, II

      ____________________________

William P. Stafford, II

 

Its: Chairman and Chief Executive OfficerExhibit 4.57

 

FORM 51-102F3

MATERIAL CHANGE REPORT

 

		Item 1	Name and Address
                                            of Company

 

Digihost Technology Inc. (formerly
HashChain Technology Inc.)

18 King Street East, Suite 902

Toronto, ON M5C 1C4

 

		Item 2	Date of Material Change 

 

November 12, 2021

 

		Item 3	News Release 

 

The press release attached as Schedule “A”
was released on November 12, 2021.

 

		Item 4	Summary of Material Change 

 

The material change is described in the press release attached as Schedule
“A”.

 

		Item 5	Full Description of Material Change

 

The material change is described in the press release attached as Schedule
“A”.

 

		Item 6	Reliance
                                            of subsection 7.1(2) of National Instrument 51-102

 

Not applicable.

 

		Item 7	Omitted Information

 

Not applicable.

 

		Item 8	Executive
                                            Officer

 

Inquires in respect of the material change referred to herein may be
made to:

Michel Amar, Chief Executive Officer

T: 1-818-280-9758

E: michel@digihostblockchain.com

 

		Item 9	Date of Report

 

November 12, 2021

 

     

     

    

 

SCHEDULE
“A”

 

DIGIHOST TO COMMENCE TRADING ON NASDAQ ON MONDAY,
NOVEMBER 15

 

Toronto, ON – November 12, 2021 –
Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; OTCQB: HSSHD), an innovative
North American-based Bitcoin self-mining company, today announced that the Company has been approved to list on the Nasdaq Capital Market
(“Nasdaq”), and that trading on Nasdaq is expected to begin on Monday, November 15, 2021, under the symbol “DGHI.”
The ticker used for Digihost’s shares traded over-the-counter (OTC) under the current symbol “HSSHD” will seamlessly
transition to the new ticker symbol “DGHI” on the first day of trading on Nasdaq. Digihost will also retain its listing on
the TSX Venture Exchange under the symbol “DGHI.”

 

The Company expects the Nasdaq listing to enhance
its investor profile and increase liquidity for its shareholders.

 

“A key goal of Digihost has been to provide
our investors with greater liquidity through the listing of our shares on a major United States stock exchange. We believe that uplisting
the Company’s shares from the OTC market to Nasdaq will also provide the Company with increased access to capital and institutional
recognition. We are excited about this significant milestone for the Company and our shareholders and look forward to continuing to implement
our growth strategy and building value for our shareholders,” commented Michel Amar, the Company’s CEO.

 

H.C. Wainwright & Co. served as advisor to
Digihost in connection with the Nasdaq listing, and Katten Muchin Rosenman LLP represented the Company as U.S. legal counsel in connection
with the Nasdaq listing. Peterson McVicar LLP serves as Canadian counsel to the Company.

 

About Digihost Technology Inc. 

 

Digihost Technology Inc. is a growth-oriented
blockchain technology company primarily focused on Bitcoin mining. Through its self-mining operations and joint venture agreements, the
Company is currently hashing at a rate of 400PH with plans to expand to a hashrate of 3.6 EH by the end of 2022.

 

For further information, please contact:

 

Digihost Technology Inc.

www.digihost.ca

Michel Amar, Chief Executive Officer

T: 1-818-280-9758

Email: michel@digihostblockchain.com

 

Cautionary Statement

 

Trading in the securities of the Company should
be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

Forward-Looking Statements 

 

Except for the statements of historical fact,
this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking
information”) that are based on expectations, estimates and projections as at the date of this news release. Forward-looking information
in this news release includes expectations in respect to listing and trading on Nasdaq and future plans and objectives of the Company.
Other forward-looking information includes, but is not limited to, information concerning: hashrate expansion, diversification of operations,
potential further improvements to profitability and efficiency across mining operations, potential for the Company’s long-term growth,
and the business goals of the Company factors that could cause actual results, performance or achievements to differ materially from those
described in such forward-looking information include, but are not limited to: trading volume, volatility and other factors affecting
liquidity and prices for the common shares on Nasdaq; continued effects of the COVID-19 pandemic may have a material adverse effect on
the Company’s performance as supply chains are disrupted and prevent the Company from operating its assets; a decrease in cryptocurrency
pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability
and efficiency may not be realized; the digital currency market; the Company’s ability to successfully mine digital currency on
the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital
currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; and
other related risks as more fully set out in the Annual Information Form of the Company and other documents disclosed under the Company’s
filings at www.sedar.com. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs
of the Company based on information currently available to the Company. Although the Company believes that the assumptions inherent in
the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue
reliance should not be put on such information due to the inherent uncertainty therein.Exhibit 4.58

 

FORM 51-102F3

MATERIAL CHANGE REPORT

 

		Item 1	Name and Address
                                            of Company

 

Digihost Technology Inc. (formerly
HashChain Technology Inc.)

18 King Street East, Suite 902

Toronto, ON M5C 1C4

 

		Item 2	Date of Material Change 

 

November 15, 2021

 

		Item 3	News Release 

 

The press release attached as Schedule “A”
was released on November 15, 2021.

 

		Item 4	Summary of Material Change 

 

The material change is described in the press release attached as Schedule
“A”.

 

		Item 5	Full Description of Material Change

 

The material change is described in the press release attached as Schedule
“A”.

 

		Item 6	Reliance of
                                            subsection 7.1(2) of National Instrument 51-102

 

Not applicable.

 

		Item 7	Omitted Information

 

Not applicable.

 

		Item 8	Executive Officer

 

Inquires in respect of the material change referred to herein may be
made to:

Michel Amar, Chief Executive Officer

T: 1-818-280-9758

E: michel@digihostblockchain.com

 

		Item 9	Date of Report

 

November 15, 2021

 

     

     

    

 

SCHEDULE
“A”

 

DIGIHOST’S OCTOBER BITCOIN PRODUCTION
VALUE INCREASES 1,486% OVER OCTOBER 2020 AND UP 56% FROM SEPTEMBER

 

Toronto, ON – November 15, 2021 –
Digihost Technology Inc. (“Digihost” or the “Company”) (TSXV: DGHI; Nasdaq: DGHI), an innovative
North American based Bitcoin self-mining company, is pleased to provide an unaudited Bitcoin (“BTC”) production update
for the month ended October 31, 2021. All amounts are expressed in USD unless otherwise indicated. The Company is also pleased provide
a reminder that trading on the Nasdaq Capital Market is expected to commence on the date hereof, under the symbol “DGHI.”

 

Corporate Highlights for October 2021: 

 

		●	Produced 41.84 BTC during the month, increasing
total holdings to 494.08 BTC representing a fair market value of approximately $30.3 million as of October 31, 2021. 
	 	 	 

		●	Total Ethereum (“ETH”) holdings
of 1,000.89 ETH representing a fair market value of approximately $4.3 million as at October 31, 2021. 

 

		●	Total digital asset inventory value consisting
of BTC and ETH of approximately $34.6 million at the end of October.
	 	 	 

		●	Cash on hand at October 31st was approximately
$9.7 million, and total cash and digital asset holdings was approximately $44.3 million.
	 	 	 

		●	Year-to-date deposits on equipment and infrastructure
targeted to be installed in Q4 2021 and H1 2022 pertaining to the Company’s core business of approximately $30.8 million. 
	 	 	 

		●	During October, the Company received 4,932 new,
technologically advanced, high-performance M30 Bitcoin miners (the “Miners”), with over 1,000 additional Miners in
transit to the Company’s data center. 

 

		●	The Company’s current hashrate is approximately
400PH and is expected to increase to approximately 500PH by the end of November, representing an increase of approximately 150% since
September of 2021.

 

Bitcoin Mining Update

 

For the ten-month period ended October 31, 2021,
the Company’s mining fleet produced 390.09 BTC, with production broken down as follows:

 

		●	Quarter 1, 2021: 105.26 BTC

		o	January: 33.70

		o	February: 35.02

		o	March: 36.54

 

		●	Quarter 2, 2021: 109.97 BTC

		o	April: 37.52

		o	May: 34.26

		o	June: 38.19

 

    2

     

    

 

		●	Quarter 3, 2021: 133.02 BTC

		o	July: 51.28

		o	August: 44.07

		o	September: 37.67

 

		●	Quarter 4, 2021: 41.84 BTC

		o	October: 41.84

 

Year-Over-Year Monthly Comparison

 

The Company mined approximately 30.10 more BTC
in October of 2021, compared to October 2020, representing an increase of approximately 256%. Using the October 31, 2021 and the October
31, 2020 closing BTC prices (per CoinDesk) plus the increase in BTC mined in October 2021, the value of the Company’s BTC mined
in October 2021 increased by approximately $2.4 million, or 1,486% over October 2021.

 

Figure 1. Year-over-year Monthly BTC Production

 

	 	 	Oct-20	 	 	Oct-21	 	 	MoM Increase	 
	Mined BTC	 	 	11.74	 	 	 	41.84	 	 	 	30.10	 
	Approximate BTC value	 	$	13,781	 	 	$	61,319	 	 	$	47,538	 
	Value	 	$	161,789	 	 	$	2,565,587	 	 	$	2,403,798	 

 

Month-Over-Month Comparison

 

The Company mined an additional 4.17 BTC during
October 2021 compared to September 2021, representing an increase of 11%. Based on October 31, 2021and September 30, 2021 closing BTC
prices plus the increase in BTC mined in October, the value of the Company’s BTC mined in October increased by approximately $0.9
million, or 56%, month over month.

 

Figure 2. Month-over-month BTC Production

 

	 	 	Sep-21	 	 	Oct-21	 	 	MoM Increase	 
	Mined BTC	 	 	37.67	 	 	 	41.84	 	 	 	4.17	 
	Approximate BTC value	 	$	43,791	 	 	$	61,319	 	 	$	17,528	 
	Value	 	$	1,649,725	 	 	$	2,565,587	 	 	$	915,980	 

 

Management Commentary

 

Michel Amar, the Company’s CEO, stated:
“The increase in BTC production in October 2021 signifies continued operational success for Digihost and demonstrates the preliminary
incremental mining rewards being generated as result of the arrival and deployment of new advanced machines at our data center. With additional
miners expected to arrive in the weeks ahead, we will focus on optimizing our mining fleet as older machines are cycled out of production
and replaced with cutting-edge models, which should enable us to substantially grow our hashrate and continue our strategy of increasing
monthly coin production.”

 

    3

     

    

 

About Digihost Technology Inc. 

 

Digihost is a growth-oriented blockchain technology
company primarily focused on Bitcoin mining. Through its self-mining operations and joint venture agreements, the Company is currently
hashing at a rate of approximately 400PH with plans to expand to a hashrate of 3.6 EH by the end of 2022.

 

For further information, please contact:

 

Digihost Technology Inc.

 

www.digihost.ca

Michel Amar, Chief Executive Officer

Email: michel@digihostblockchain.com

 

Cautionary Statement

 

Trading in the securities of the Company should
be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the
information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Forward-Looking Statements

 

Except for the statements of historical fact,
this news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking
information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe
harbors under U.S. and Canadian securities laws. Forward-looking information in this news release includes information about hashrate
expansion, diversification of operations, potential further improvements to profitability and efficiency across mining operations, potential
for the Company’s long-term growth, and the business goals and objectives of the Company. Factors that could cause actual results,
performance or achievements to differ materially from those described in such forward-looking information include, but are not limited
to: continued effects of the COVID19 pandemic may have a material adverse effect on the Company’s performance as supply chains are
disrupted and prevent the Company from operating its assets; the ability to establish new facilities for the purpose of research &
development; a decrease in cryptocurrency pricing, volume of transaction activity or generally, the profitability of cryptocurrency mining;
delivery of mining rigs for hosting may not be realized in the number anticipated, or at all, and resulting hashing power may materially
differ from that anticipated; further improvements to profitability and efficiency may not be realized; the digital currency market; the
Company’s ability to successfully mine digital currency on the cloud; the Company may not be able to profitably liquidate its current
digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company’s
operations; the volatility of digital currency prices; and other related risks as more fully set out in the Annual Information Form of
the Company and other documents disclosed under the Company’s filings at www.sedar.com. The forward-looking information in this
news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to
the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about:
the current profitability in mining cryptocurrency (including pricing and volume of current transaction activity); profitable use of the
Company’s assets going forward; the Company’s ability to profitably liquidate its digital currency inventory as required;
historical prices of digital currencies and the ability of the Company to mine digital currencies on the cloud will be consistent with
historical prices; and there will be no regulation or law that will prevent the Company from operating its business. The Company has also
assumed that no significant events occur outside of the Company’s normal course of business. Although the Company believes that the assumptions
inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly
undue reliance should not be put on such information due to the inherent uncertainty therein. Except as expressly required by applicable
securities laws, the Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new
information, changed circumstances or future events or for any other reason.

 

 

4

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