Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 534

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 2
Chunk 534
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, Borrower
granted to the lender a security interest in all of Borrower’s right, title, and interest in and to all Inventory or Equipment and machinery,
in each case, purchased (or refinanced) with the proceeds of the Initial Loan Advance and any Subsequent Draw, and, to the extent not
otherwise included, all Proceeds of each of the foregoing and all products, additions, increases and accessions to, substitutions and
replacements for, and rents, profits and products of each of the foregoing.

28

As
of the date of this filing, $7,225,000 has been committed by the lender.

Series
D Financing

On
March 15, 2024, the Borrower entered into the Series D Loan and Security Agreement (the “Series D Agreement”), with the lenders
party thereto from to time for an amount of up to $5,000,000.

In
connection with the Series D Agreement, on March 15, 2024, Forever 8 also entered into a Subordination Agreement (the “Subordination
Agreement”) with each of the lenders, the several individuals, financial institutions or entities from time to time party thereto
(collectively, the “Senior Lenders”) and the collateral agent for the Senior Lenders. Forever 8 additionally entered into
an Intercreditor Agreement (the “Intercreditor Agreement”) with the lenders party thereto and the collateral agent for such
lenders. As of the date of this filing, a total of $250,000 has been committed by the lender.

May
2023 Debt Exchange

On
May 30, 2023, the Borrower entered into a Debt Exchange Agreement (the “Debt Agreement”)
with two Lenders for funds advanced to the Borrower pursuant to secured promissory notes (the “Old Notes”), executed by the
Borrower in favor of the Lenders during 2021. Under the terms of the Debt Agreement, the Old Notes were exchanged for new Notes (“New
Notes”) as per the terms of the Loan and Security Agreement dated May 30, 2023. The principal of the New Notes issued under the
Debt Agreement is $1,650,000.

March
2023 Offering

On
March 15, 2023, the Company entered into a Securities Purchase Agreement (the “Securities Purchase Agreement”) with
Hudson Bay Master Fund Ltd. (“Hudson Bay”) for the issuance and