Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 654

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 6
Chunk 654
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 voting and investment power over the securities held by Nanosha Investments, LLC.

    Item
    13. 
    Certain
    Relationships and Related Transactions, and Director Independence.

A
“related party transaction” is any actual or proposed transaction, arrangement or relationship or series of similar transactions,
arrangements or relationships, including those involving indebtedness not in the ordinary course of business, to which we or our subsidiaries
were or are a party, or in which we or our subsidiaries were or are a participant, in which the amount involved exceeded or exceeds the
lesser of (i) $120,000 or (ii) one percent of the average of our total assets at year-end for the last two completed fiscal years and
in which any related party had or will have a direct or indirect material interest. A “related party” includes:

    ●
    any
    person who is, or at any time during the applicable period was, one of our executive officers or one of our directors;

    ●
    any
    person who beneficially owns more than 5% of our common stock;

    ●
    any
    immediate family member of any of the foregoing; or

    ●
    any
    entity in which any of the foregoing is a partner or principal or in a similar position or in which such person has a 10% or greater
    beneficial ownership interest.

Other
than compensation arrangements for our named executive officers and directors, which we describe herein, the only related party transactions
to which we were a party during the years ended December 31, 2024 and 2023, since December 31, 2024, or any currently proposed related
party transaction, are as follows.

Between
December 11, 2023 and February 20, 2024, we entered into a series of exchange subscription agreements (each, an “Exchange Agreement”)
with 14 holders (each, a “Holder”) of our outstanding promissory notes and, in certain cases, related outstanding stock purchase
warrants, pursuant to which we and the Holders agreed to exchange their promissory notes, and, if applicable, related stock purchase
warrants, for shares of our common stock. Pursuant to the Exchange Agreements, an aggregate of $5,417,459.50 of principal and accrued
interest under the outstanding promissory notes and, if applicable, related stock purchase warrants was exchanged for an aggregate of
10,834,919