Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 422

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 3
Chunk 422
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 incentive plans of this nature, each share limit and the number and kind of shares available under the Equity
Plan and any outstanding awards, as well as the exercise or purchase prices of awards, and performance targets under certain types of
performance-based awards, are subject to adjustment in the event of certain reorganizations, mergers, combinations, recapitalizations,
stock splits, stock dividends, or other similar events that change the number or kind of shares outstanding, and extraordinary dividends
or distributions of property to the stockholders.

No
Limit on Other Authority. The Equity Plan does not limit the authority of the Board or any committee to grant awards or authorize
any other compensation, with or without reference to our common stock, under any other plan or authority.

Termination
of or Changes to the Equity Plan. The Board may amend or terminate the Equity Plan at any time and in any manner. Stockholder
approval for an amendment will be required only to the extent then required by applicable law or any applicable listing agency or required
under Sections 422 or 424 of the Code to preserve the intended tax consequences of the plan. For example, stockholder approval will be
required for any amendment that proposes to increase the maximum number of shares that may be delivered with respect to awards granted
under the Equity Plan (adjustments as a result of stock splits or similar events will not, however, be considered an amendment requiring
stockholder approval). Unless terminated earlier by the Board, the authority to grant new awards under the Equity Plan will terminate
on October 4, 2031. Outstanding awards, as well as the Administrator’s authority with respect thereto, generally will continue
following the expiration or termination of the Equity Plan. Generally speaking, outstanding awards may be amended by the Administrator
(except for a repricing), but the consent of the award holder is required if the amendment (or any Equity Plan amendment) materially
and adversely affects the holder.

Federal
Income Tax Consequences of Awards under the Plan.

The
U.S. federal income tax consequences of the Equity Plan under current federal law, which is subject to change, are summarized in the
following discussion of the general tax principles applicable to the Equity Plan. This summary is not intended to be exhaustive and,
among other considerations, does not describe the deferred compensation provisions of Section 409A of the Code to the extent an award
is subject to and does not satisfy those rules, nor does it describe certain elections under the Code (such as an election under Code
Section 83