Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 34

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 1
Chunk 34
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 Rights

    Weighted-
    Average Exercise Price of Outstanding Options, Warrants and Rights

     Number
    of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))

    (a)

    (b)

    (c)

    2021
    Equity compensation plan approved by security holders

    8,204,000

    $
    0.97

    1,796,000

    Equity
    compensation plans not approved by security holders

    —

    —

    —

    Total

    8,204,000

    $
    0.97

    1,796,000

2021
Equity Incentive Plan

On
October 4, 2021, we adopted our 2021 Equity Incentive Plan (the “Equity Plan”) to provide an additional means to attract,
motivate, retain and reward selected employees and other eligible persons. Our stockholders also approved the Equity Plan on October
4, 2021. On November 28 2023, our board of directors approved an increase in the number shares of common stock reserved for issuance
under the Equity Plan to 10,000,000 shares, subject to stockholder approval, which has not yet been obtained. Employees, officers, directors
and consultants who provide services to us or one of our subsidiaries were eligible to receive awards under the Equity Plan. Awards under
the Equity Plan are issuable in the form of incentive or nonqualified stock options, stock appreciation rights, stock bonuses, restricted
stock, stock units and other forms of awards including cash awards.

As
of December 31, 2024, options to purchase an aggregate of 8,204,000 shares of common stock had been granted under the Equity Plan, and 1,796,000
shares authorized under the Equity Plan remained available for award purposes.

Purpose.
The purpose of the Equity Plan is to further and promote the interests of our company and its stockholders by enabling us to attract,
retain and motivate employees, directors and consultants, or those who will become employees, directors or consultants, and to align
the interests of those individuals with the interests of our stockholders.

20

Administration.
The Equity Plan will be administered by an independent compensation committee appointed by the Board (the “Compensation Committee”),
which will have general administrative authority for the Equity Plan. In the event that the Board has not appointed the Compensation
Commit