Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 266

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1C
Chunk 266
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uable in the form of incentive or nonqualified stock options, stock appreciation rights, stock bonuses, restricted
stock, stock units and other forms of awards including cash awards.

As
of December 31, 2024, options to purchase an aggregate of 8,204,000 shares of common stock had been granted under the Equity Plan, and 1,796,000
shares authorized under the Equity Plan remained available for award purposes.

Purpose.
The purpose of the Equity Plan is to further and promote the interests of our company and its stockholders by enabling us to attract,
retain and motivate employees, directors and consultants, or those who will become employees, directors or consultants, and to align
the interests of those individuals with the interests of our stockholders.

20

Administration.
The Equity Plan will be administered by an independent compensation committee appointed by the Board (the “Compensation Committee”),
which will have general administrative authority for the Equity Plan. In the event that the Board has not appointed the Compensation
Committee, then the Board shall have all the powers of the Compensation Committee under the Equity Plan. The Compensation Committee may
delegate certain limited authority to one or more of our senior executive officers to grant awards to employees who are not subject to
Section 16 of the Exchange Act. Additionally, the Compensation Committee may designate persons other than members of the Compensation
Committee to carry out the day-to-day ministerial administration of the Equity Plan (other than with regard to the selection for participation
in the Equity Plan and/or the granting of any awards to participants) under such conditions and limitations as prescribed by the Compensation
Committee (the appropriate acting body, be it the Compensation Committee, the Board, or an executive officer within his or her delegated
authority, is referred to herein as the “Administrator”). The Administrator’s determinations under the Equity Plan
need not be uniform and may be made selectively among the Equity Plan’s participants, whether or not such participants are similarly
situated.

The
Administrator has broad authority under the Equity Plan with respect to award grants including, without limitation, the authority to:

    ●
    select
    the Equity Plan’s participants;

    ●
    make
    awards in such amounts and form as the Administrator shall determine;

    ●
    impose
    such restrictions, terms and conditions upon such awards as the Administrator shall deem appropriate; and

    ●
    correct
    any technical defect(s) or technical omission(s), or reconciling any technical inconsistency(ies), in the