Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 21

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 21
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directors determines is not in the best interests of Eightco and its stockholders. These provisions may also prevent or discourage attempts
to remove and replace incumbent directors.

These
anti-takeover provisions may also limit the opportunity for our stockholders to receive a premium for their shares of our common stock
and could also affect the price that some investors are willing to pay for our common stock.

Our
Certificate of Incorporation provides that the Court of Chancery of the State of Delaware will be the sole and exclusive forum for substantially
all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum
for disputes with us or our directors, officers, or employees.

Our
Certificate of Incorporation provides that, unless we consent in writing to the selection of an alternative forum, the (i) Court of Chancery
(the “Chancery Court”) of the State of Delaware shall, to the fullest extent permitted by law, be the sole and exclusive
forum for: (A) any derivative action or proceeding brought on behalf of Eightco, (B) any action asserting a claim of breach of a fiduciary
duty owed by any director, officer, stockholder, employee or agent of Eightco to Eightco or Eightco’s stockholders, (C) any action
asserting a claim against the Eightco or any director, officer, stockholder, employee or agent of the Eightco arising out of or relating
to any provision of the DGCL, Eightco’s Certificate of Incorporation or Eightco’s Bylaws, or (D) any action asserting a claim
against the Corporation or any director, officer, stockholder, employee or agent of Eightco governed by the internal affairs doctrine
of the State of Delaware. Notwithstanding the foregoing, in the event that the Chancery Court lacks subject matter jurisdiction over
any such action or proceeding, including in the event claims are brought under the Securities Exchange Act of 1934, as amended (the “Exchange
Act”), the sole and exclusive forum for such action or proceeding shall be another state or federal court located within the State
of Delaware.

The
choice of forum provision may limit a stockholder’s ability to bring a claim in a judicial forum that it finds favorable for disputes
with us or our directors, officers, or other employees, which may discourage such lawsuits against us and our directors, officers, and
other employees. Alternatively, if a court were to find the choice