Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 498

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 4
Chunk 498
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 to achieve designated performance goals). Upon satisfaction or lapse of the applicable restrictions, terms, and conditions,
subject to applicable securities laws, the participant will receive shares of common stock in exchange for such restricted shares.

21

Dividend
Equivalents; Deferrals. The Administrator may provide for the deferred payment of awards and may determine the other terms applicable
to deferrals. The Administrator may provide that awards under the Equity Plan earn dividends or dividend equivalents based on the amount
of dividends paid on outstanding shares of common stock.

Assumption
and Termination of Awards. Generally, and subject to limited exceptions set forth in the Equity Plan, if we dissolve or undergo
certain corporate transactions such as a merger, business combination, or other reorganization, or a sale of substantially all of its
assets, all awards then-outstanding under the Equity Plan will become fully vested or paid, as applicable, and will terminate or be terminated
in such circumstances, unless the Administrator provides for the assumption, substitution or other continuation of the award. The Administrator
also has the discretion to establish other change in control provisions with respect to awards granted under the Equity Plan. For example,
the Administrator could provide for the acceleration of vesting or payment of an award in connection with a corporate event that is not
described above and provide that any such acceleration shall be automatic upon the occurrence of any such event.

Clawback.
We may cancel any award under the Equity Plan, require reimbursement from a participant, and effect any other right of recoupment
of equity or other compensation provided under the Equity Plan in accordance with any clawback policies adopted by us.

Transfer
Restrictions. Subject to certain exceptions contained in the Equity Plan, awards under the Equity Plan generally are not transferable
by the recipient other than by will or the laws of descent and distribution and are generally exercisable, during the recipient’s
lifetime, only by the recipient. Any amounts payable or shares issuable pursuant to an award generally will be paid only to the recipient
or the recipient’s beneficiary or representative. The Administrator has discretion, however, to establish written conditions and
procedures for the transfer of awards to other persons or entities, provided that such transfers comply with applicable federal and state
securities laws.

Adjustments.
As is customary in 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