Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 46

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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 to vesting conditions established by the Board.

●Inducement
                                            equity awards:

○4,280,822
                                            restricted shares, vesting 20% annually over five years

○Options
                                            to purchase 856,164 shares, exercisable at $14.60 per share and expiring seven years from
                                            the grant date

●Eligible
                                            for discretionary bonuses in cash or equity at the Company’s sole discretion.

●Is
                                            entitled to reimbursement for reasonable business expenses and will receive full indemnification,
                                            along with coverage under the Company’s directors’ and officers’ liability
                                            insurance program.

On
September 9, 2025, the Company entered into Board of Directors Agreements (the “Director Agreements”) with three existing
directors: Louis Foreman, Nic Caiano, and Frank J. (collectively, the “Directors”). The Director Agreements establish the
terms of service, compensation, indemnification, and other obligations applicable to each Director. The agreements became effective on
each Director’s respective appointment date. Under the Director Agreements, each Director:

●Entitled
                                            to an annual cash retainer of $100,000, paid quarterly.

●Eligible
                                            to receive equity compensation valued at up to $200,000 per year, which may be issued quarterly
                                            in the form of common stock, restricted stock, or restricted stock units (“RSUs”)
                                            subject to vesting conditions established by the Board.

●Eligible
                                            for discretionary bonuses in cash or equity at the Company’s sole discretion.

●Is
                                            entitled to reimbursement for reasonable business expenses and will receive full indemnification,
                                            along with coverage under the Company’s directors’ and officers’ liability
                                            insurance program.

The
Director Agreements also require each Director to comply with confidentiality obligations, fiduciary duties, conflict-of-interest restrictions,
and certain termination-related provisions, including automatic resignation from officer positions upon separation.

    26

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

(Unaudited)

20.
STOCKHOLDERS’ EQUITY (continued)

Employment
Agreements

On
September 8, 2025, the Company entered into new employment agreements with its Chief Executive Officer, Kevin O’Donnell, and its
Chief Financial Officer, Brett Vroman (together, the “Executives”). The agreements provide for one