Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 425

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 3
Chunk 425
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     433,334  
     0.54  
    6/19/2030 
     -  
     - 

    (1)
    Granted
    on December 6, 2023. Represents fully-vested options/warrants granted to M1 Advisors LLC, a company controlled by Michael Campbell.

    (2)
    Granted
    on December 6, 2023. One third vest on 1st anniversary of grant date, one third on the 2nd anniversary of grant
    date and one third on the 3rd anniversary of grant date.

    (3)
    Granted
    on December 6, 2023. These options vest at various times based on the achievement of various performance milestones.

    (4)
    Granted
    on June 19, 2023. These options vest at various times based on the achievement of various performance milestones. 

    (5)
    Granted
    on June 19, 2023. One third vest on 1st anniversary of grant date, one third on the 2nd anniversary of grant
    date and one third on the 3rd anniversary of grant date.

Aggregated
Option Exercises

There
were no options exercised by any officer or director of our company during the year ended December 31, 2024.

Director
Compensation

General.
The following discussion describes the significant elements of the expected compensation program for members of our board of directors
and its committees. The compensation of our directors is designed to attract and retain committed and qualified directors and to align
their compensation with the long-term interests of our shareholders. Directors who are also executive officers (each, an “Excluded
Director”) will not be entitled to receive any compensation for his or her service as a director, committee member or Chair of
our board of directors or of any committee of our board of directors.

Director
Compensation Arrangements. Our non-employee director compensation program is designed to attract and retain qualified individuals
to serve on our board of directors. Our board of directors, on the recommendation of our compensation committee, will be responsible
for reviewing and approving any changes to the directors’ compensation arrangements. In consideration for serving on our board
of directors, each director (other than Excluded Directors) will be paid an annual retainer. All directors will be reimbursed for their
reasonable out-of-pocket expenses incurred while serving as directors.

24

Cash
Compensation.