Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1435

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9
Chunk 1435
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, and regulatory risks,
implementing risk management policies and procedures and managing our day-to-day risk exposure. The board of directors is expected to
have overall responsibility for risk oversight, including, as part of regular board of directors and committee meetings, general oversight
of executives’ management of risks relevant to the Company. While the full board of directors has overall responsibility for risk
oversight and is currently overseeing the Company’s business continuity risks, it is expected to be supported in this function
by its Audit Committee, Compensation Committee and Nominating and Corporate Governance Committee once the committees have been formed.
The committees are expected to be formed prior to the Distribution, and each of the committees is expected to regularly reports to the
board of directors.

The
Audit Committee will review and discuss with management and the Company’s auditors, as appropriate, the risks faced by the Company
and the policies, guidelines, and process by which management assesses and manages the Company’s risks, including the Company’s
major financial risk exposures and the steps management has taken to monitor and control such exposures.

46

The
Compensation Committee will review the Company’s incentive compensation arrangements to determine whether they encourage excessive
risk-taking, to review and discuss at least annually the relationship between risk management policies and practices and compensation,
and to evaluate compensation policies and practices that could mitigate any such risk.

The
Nominating and Corporate Governance Committee will be responsible for developing and recommending to the board of directors for approval
an officer succession plan (the “Succession Plan”), reviewing the Succession Plan periodically with the Chief Executive Officer,
evaluating potential candidates for executive positions and recommending to the board of directors any changes to and any candidates
for succession under the Succession Plan.

In
addition, the board of directors will be presented with information at its regularly scheduled and special meetings regarding risks facing
our Company, and management will provide more frequent, informal communications to the board of directors between regularly scheduled
meetings which will be designed to give the board of directors regular updates about our business. The board of directors will consider
this information and will provide feedback, will make recommendations, and, as appropriate, will authorize or direct management to address
particular exposures to risk.

Committees
of the Board of Directors

Our
board of directors has three standing committees: Audit Committee, Compensation Committee, and Nominating and Corporate Governance Committee.
Frank Jennings, Mary Ann Halford and Louis Foreman, have been appointed to serve on the Company’s Audit Committee, with Louis