Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 843

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 10
Chunk 843
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 Nasdaq Marketplace Rules. In making such determinations, our board of directors considered the relationships
that each such non-employee director has with our company and all other facts and circumstances our board of directors deemed relevant
in determining independence, including the beneficial ownership of our capital stock by each non-employee director.

Board
Committees

We
do not have a standing Audit Committee. We do not believe that the lack of an Audit Committee has had or will have any adverse effect
on our financial statements, based upon current operations; however, our board of directors will consider establishing an Audit Committee
of independent directors as the number of directors increases. Until such time, our board of directors will perform the duties of an
Audit Committee including delegating an auditor firm and interacting with them.

We
do not have a standing Compensation Committee. Presently, the salary and benefits of our executive officers are determined by our entire
board of directors. As we continue to develop our data center and commence selling colocation services, we expect to increase the size
of our board to include independent directors who will approve the compensation arrangements with our executive officers.

We
also do not have a Nominating Committee as we have not adopted any procedures by which security holders may recommend nominees to our
board of directors.

Code
of Ethics

Effective
March 28, 2022, our Board of Directors adopted an amended Code of Business Conduct and Ethics that applies to, among other persons, members
of our board of directors, our company’s officers, contractors, consultants and advisors. We will provide a copy of the Code of
Business Conduct and Ethics to any person without charge, upon request. Requests can be sent to our company at the address on the cover
of this Annual Report.

Delinquent
Section 16(a) Reports

Section
16(a) of the Exchange Act requires our executive officers, directors and persons who beneficially own more than 10% of our common
stock to file with the SEC reports of their ownership and changes in their ownership of our common stock. To our knowledge, based
solely on review of the copies of such reports and amendments to such reports with respect to the year ended December 31, 2024 filed
with the SEC, all required Section 16 reports under the Exchange Act for our directors, executive officers and beneficial owners of
greater than 10% of our common stock were filed on a timely basis during the year ended December 31, 2024, except for a late Form