Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 342

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 2
Chunk 342
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 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 of common stock on the date of grant. The maximum
term of an option is ten years from the date of grant. An option may either be an incentive stock option or a nonqualified stock option.
Incentive stock option benefits are taxed differently from nonqualified stock options, as described under “Federal Income Tax Consequences
of Awards Under the Plan” below. Incentive stock options are also subject to more restrictive terms and are limited in amount by
the U.S. Internal Revenue Code (the “Code”) and the Equity Plan. Incentive stock options may only be granted to employees
of our company or a subsidiary.

Restricted
shares