Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1299

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 7A
Chunk 1299
---
 is expected to then makes recommendations to the board of directors
concerning the board of directors’ leadership structure, including whether the roles of Chairman and Chief Executive Officer should
be separated or combined.

Lead
Independent Director

Under
our Corporate Governance Guidelines, if the Chairman of the board of directors is not an independent director, as determined by the Nominating
and Governance Committee and the board of directors, the independent directors will annually appoint one independent director to be the
Lead Independent Director in accordance with the Director Nominating Agreement. Given that our Chairman will not be an independent director,
our independent directors have appointed Frank Jennings as our Lead Independent Director. The Lead Independent Director’s responsibilities
are to: (i) preside over executive sessions of the independent directors and at all meetings at which the Chairman of the board of directors
is not present; (ii) call meetings of the independent directors as he or she deems necessary; (iii) serve as a liaison between the Chairman
of the board of directors and the independent directors; (iv) propose agendas and schedules for board of directors meetings in consultation
with the Chairman of the board of directors; and (v) be available for consultation and communication if requested by stockholders.

Board’s
Role in Risk Oversight

Our
management is responsible for identifying risks facing our Company, including strategic, financial, operational, 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