Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 630

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 630
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“Related Party Transaction” is a transaction, arrangement, or relationship in which the Company or any of its subsidiaries
was, is or will be a participant, the amount of which involved exceeds $120,000, and in which any related party had, has or will have
a direct or indirect material interest. A “Related Party” means:

    ●
    any
    person who is, or at any time during the applicable period was, one of the Company’s executive officers or a member of or nominee
    for the board of directors;

    ●
    any
    person (including any entity or group) who is known by the Company to be the beneficial owner of more than five percent (5%) of our
    voting stock;

    ●
    any
    immediate family member of any of the foregoing persons, which means any child, stepchild, parent, stepparent, spouse, sibling, mother-in-law,
    father-in-law, daughter-in-law, brother-in-law or sister-in-law of a director, officer, or a beneficial owner of more than five percent
    (5%) of our voting stock, and any person (other than a tenant or employee) sharing the household of such director, executive officer,
    or beneficial owner of more than five percent (5%) of our voting stock;

    ●
    any
    of the foregoing persons that qualify as such at any time during the fiscal year in which a transaction that would otherwise be subject
    to this the policy occurs, even if such person has ceased to have such status during such fiscal year; and

    ●
    any
    firm, corporation, or other entity in which any of the foregoing persons is a partner or principal or in a similar position or in
    which such person has a ten percent (10%) or greater beneficial ownership interest.

In
addition, we will have in place policies and procedures designed to minimize potential conflicts of interest arising from any dealings
the Company may have with its affiliates and to provide appropriate procedures for the disclosure of any real or potential conflicts
of interest that may exist from time to time. Specifically, pursuant to the Audit Committee charter, the Audit Committee will have the
responsibility to review related party transactions.

Related
Party Transactions

On
February 29, 2024, Forever 8 and Mainspring, LLC, an entity controlled by the Company’s Former
Chief Executive Officer, entered into the Series B Loan and Security Agreement whereby Mainspring advanced