Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 266

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1A
Chunk 266
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O Lite, LLC, a limited liability company organized under the laws of Pennsylvania, of which Mr.
Vroman is the sole member, entered into a consulting agreement (the “CXO Lite Consulting Agreement”) pursuant to which Mr.
Vroman shall be engaged and continue to serve the Company as its Chief Financial Officer.

A
copy of the complete Vroman Severance Agreement and CXO Lite Consulting Agreement are included as an exhibits to this Annual Report.

Kevin
O’Donnell Employment Agreement and Separation Agreement

On
February 22, 2024, the Board appointed Kevin O’Donnell as Interim Chief Executive Officer of the Company, effective as of the Separation
Date, to serve until a successor is chosen and qualified, or until his earlier resignation or removal.

On
March 17, 2024, Kevin O’Donnell resigned as Executive Chairman and Interim Chief Executive Officer of the Company, effective immediately.
Mr. O’Donnell’s resignation was not the result of any disagreement regarding any matter relating to the Company’s operations,
policies, or practices.

In
connection with Mr. O’Donnell’s resignation from these positions, on March 17, 2024, the Company and Kevin O’Donnell
entered into a General Release and Severance Agreement (the “O’Donnell Severance Agreement”), effective as of March
17, 2024 (the “O’Donnell Effective Date”). The O’Donnell Severance Agreement terminated of the amended and restated
employment agreement, by and between the Company and Mr. O’Donnell, effective as of October 21, 2022 (the “O’Donnell
Employment Agreement”). Pursuant to the O’Donnell Severance Agreement, as of the O’Donnell Effective Date, the O’Donnell
Employment Agreement shall terminate forever, and no party shall have any further obligation or liability thereunder except as related
to any obligations that survive employment termination, including but not limited to the obligations set forth under the Employee Confidential
Disclosure, Invention Assignment, Non-Competition, Non-Solicitation and Non-Interference Agreement, attached to the O’Donnell Employment
Agreement.

54

Pursuant
to the O’Donnell Severance Agreement, the Company will provide Mr. O’Donnell with (i) back pay wages through the Separation
Date in the amount of $138,000, less all lawful and authorized withholdings and