Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 757

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 7
Chunk 757
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common stock.

    F-15

The
Employment Agreement also provides for certain severance benefits upon termination of the Executive by the Company without “cause”
or by the Executive for good reason. In the event of a termination by the Company without cause or by the Executive for good reason after
the first full year of employment, the Executive would be entitled to (i) continued payment of the base salary for the lesser of six
months or the remaining term of the Employment Agreement, subject to the Executive signing a timely and effective separation agreement
containing a release of all claims against the Company and other customary terms.

Vice
President of Data Center Development

On
March 1, 2024, the Company hired an individual as vice president of data center development with an annual salary of $225,000.
The salary increases to $240,000
and $250,000
on the first and second anniversary dates, respectively. Also,
the individual is eligible for an annual bonus of up to 25%, 35% and 40% of the annual salary for the first, second and third
calendar years, respectively.

Chief
Strategy and Development Officer

On
April 1, 2024, the Company hired an individual as chief strategy and development officer vice president with an annual salary of $250,000.
The salary increases to $275,000 and $300,000 on the first and second anniversary dates, respectively. Also, the individual is eligible
for an annual bonus of up to 25%, 35% and 40% of the annual salary for the first, second and third calendar year end, respectively.

Note
6 – Stockholders Equity

STOCKHOLDERS EQUITY 

Stock
Options

On
November 15, 2024, the Company issued, to a consultant, a non-qualified stock option to purchase 350,000 shares of the Company’s
common stock at an exercise price of $5.00 per share, the fair market value of the Company’s common stock as of November 15, 2024
(the “Grant Date’).

The
350,000 options vests as follows:

    ●
    43,750
    shares on each of the following dates July 16, 2025, July 17, 2026, July 16, 2027 and July 16,2028;

    ●
    Phase
    (a) 17,500 shares upon the award of a