Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1445

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 1445
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 March Vroman Agreement, which provided that Mr. Vroman would
be eligible to receive a maximum of 450,000 shares in connection with revenue growth. Mr. Vroman shall be eligible to receive a one-time
bonus of 180,000 shares in the event that the Company achieves a positive cash flow based on a review of the Company’s audited
financial statements and subject to the review of the Board. The March Vroman Agreement provided for a substantially similar bonus in
connection with cash flow. Mr. Vroman shall be eligible to receive a bonus of a maximum aggregate of 1,600,000 shares in the event that
certain market capitalization milestones are met based on a review of the Company’s audited financial statements and subject to
approval by the Board. This reflects an increase above the maximum aggregate of 1,575,000 shares provided for in connection with meeting
market capitalization milestones under the March Vroman Agreement. Subsequent to receiving the maximum aggregate 1,600,000 shares provided
for under the first three market capitalization milestones, Mr. Vroman will be eligible to receive additional bonuses of 135,000 shares
for each doubling in market capitalization of the Company over the market capitalization recorded at the prior bonus threshold, provided
such increase is sustained for a period of at least three consecutive trading days. Though specific milestone thresholds and timing requirements
vary, the March Vroman Agreement contained a substantially similar provision with respect to a continuing market capitalization bonus.
Mr. Vroman may also be eligible for additional compensation in the sole and complete discretion of the Board.

Mr.
Vroman will be eligible to participate in all health, medical, dental and life insurance policies offered to employees of the Company,
and the Company will pay all applicable premiums. The Company will reimburse Mr. Vroman up to $10,000 per year as a car allowance, reimburse
Mr. Vroman up to $2,500 for home office expenses and reimburse Mr. Vroman for all reasonable out-of-pocket expenses incurred by him in
the conduct of the Company’s business. The Vroman Employment Agreement provides Mr. Vroman with four (4) weeks of paid vacation
and five (5) days of paid personal time. The Vroman Employment Agreement also provides Mr. Vroman with liability insurance coverage and
shall reimburse certain financial planning expenses incurred by Mr. Vroman. All terms provided in this paragraph are substantially similar
to those provided in the March Vroman Agreement.

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