Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 47

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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-year terms with an option
for the Company to renew each agreement for an additional one-year term.

Chief
Executive Officer – Kevin O’Donnell

Under
his agreement, Mr. O’Donnell will receive an annualized base salary of $500,000. He is eligible for a one-time cash bonus equal
to 175% of base salary ($875,000), payable within thirty days following the twelve-month anniversary of his start date, subject to the
achievement of specified milestones, including (i) completion of a PIPE financing, (ii) timely filing of required SEC reports, and (iii)
receipt of an unqualified audit opinion for the fiscal year.

Subject
to Board approval, Mr. O’Donnell will also receive 400,000 restricted stock units (“RSUs”), which vest in full after
six months of continuous service. He is eligible to participate in the Company’s employee benefit plans and will be reimbursed
for reasonable business expenses.

Chief
Financial Officer – Brett Vroman

Under
his agreement, Mr. Vroman will receive an annualized base salary of $350,000. He is eligible for a one-time cash bonus equal to 175%
of base salary ($612,500), payable within thirty days following the twelve-month anniversary of his start date, subject to the same performance
conditions as Mr. O’Donnell’s incentive bonus. Mr. Vroman will also be eligible to participate in employee benefit plans
and receive reimbursement for reasonable business expenses.

Equity Awards and
Share-Based Compensation

Restricted Stock – Chairman Daniel Ives

In connection with his appointment on September 8, 2025, Daniel Ives
was granted:

●4,280,822
                                                                                                                                                         shares of Restricted Stock, vesting 20% annually over five years with a fair value of $6,250,000, and

●Options to purchase 856,164
                                                                                                                                                         shares at an exercise price of $14.60,
                                                                                                                                                         expiring seven years from grant, with a fair value of $273,299.

These awards were issued as inducement grants, outside of the Company’s
equity incentive plan.

The fair value of the grant will be expensed on a straight-line basis over
the requisite service period.

Summary of Outstanding Warrant and Stock Options

SCHEDULE
OF OUTSTANDING WARRANTS AND STOCK OPTION

    Number Outstanding  
    Weighted Average Exercise Price  
    Intrinsic 
Value 
per Share  
    Ex