Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 35

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 35
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tee, 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 Equity Plan and/or any
    award agreement.

Eligibility.
Persons eligible to receive awards under the Equity Plan include employees, directors and consultants, or those who will become
employees, directors or consultants, of our company and/or its subsidiaries. Notwithstanding the above, incentive stock options may only
be granted under the Equity Plan to our employees.

Authorized
Shares. The maximum number of shares of common stock that may be initially issued or transferred pursuant to awards under the
Equity Plan shall not exceed 10,000,000 shares, all of which may be issued as any type of award permitted under the Equity Plan, including,
but not limited to, incentive stock options.

Types
of Awards. The Equity Plan authorizes awards of stock options and restricted shares of common stock.

A
stock option is the right to purchase shares of common stock at a future date at a specified price per share. The per share exercise
price of an option generally may not be less than the fair market value of a share