An Application to Organize a National Bank Filed

An Application to Organize a National Bank Filed with the Office of the Comptroller of the Currency We, the undersigned, intending to organize and operate a national trust bank according to the provisions of the National Bank Act as amended, are submitting an application to the Office of the Comptroller of the Currency (the "OCC") for permission to organize a national bank and propose as follows: 1. That the main office of the national bank will be located at 8000 Avalon Blvd, Suite 300, in Alpharetta, Fulton County, Georgia. 2. That the national bank will have the following title: BitPay National Trust Bank. 3. That the total capitalization to be received by the national bank for the shares issued by it is proposed to be allocated as follows: Capital . . . . . . . . . . . . . . . . . . . . . . . . $1200.00 Surplus . . . . . . . . . . . . . . . . . . . . . . . $11,998,800 Total capitalization. . . . . . . . . . . . . . $12,000,000 Number of shares to be authorized . . 120,000,000 Number of shares to be issued . . . . . 12,000,000 Par value per share . . . . . . . . . . . . . . $0.0001 Sale price per share . . . . . . . . . . . . . $1.00 4. That Eden Doniger, BitPay, Inc., 8000 Avalon Blvd, Suite 300, Alpharetta, Georgia will act as sole and exclusive correspondent to represent and appear for the undersigned before the Office of the Comptroller of the Currency, and to receive all correspondence and documents for this application. The organizers of BitPay National Trust Bank are: Stephen Pair, Anthony Gallippi, Jagruti Solanki, Eden Doniger, and William Zielke and each is located at BitPay, Inc., 8000 Avalon Blvd, Suite 300, Alpharetta, Georgia 30009. BitPay, Inc. is the corporate sponsor of BitPay National Trust Bank, at the same address. Any person desiring to comment on this application may do so by submitting written comments within 30 days of the date of publication of this notice to the Licensing Director, Office of the Comptroller of the Currency, Northeastern District Office, Director for District Licensing, 340 Madison Avenue, Fifth Floor, New York, NY 10173-0002 or via email to: NE.Licensing@occ.treas.gov. The non-confidential portions of the application are available on the OCC's Electronic Reading Room on the OCC's website. 12/9/20