Debt Settlement and Mutual Release Agreement

Bit Origin Ltd entered into a Debt Settlement and Mutual Release Agreement with its CEO, Jinghai Jiang. The company will issue 56,180 Class B ordinary shares to the CEO, valued at $1.78 per share, to settle $100,000 in accrued and unpaid compensation for fiscal years 2026 and 2025. Upon issuance of the shares, the debt will be considered fully settled, and both parties have mutually released all related claims. This agreement is governed by New York law and may be executed in counterparts.