Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 377

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 377
---
 We also believe the skill sets, backgrounds, and qualifications of our anticipated directors, taken as a whole,
should provide a significant mix of diversity in personal and professional experience, background, viewpoints, perspectives, knowledge,
and abilities. Nominees will not be discriminated against on the basis of race, religion, national origin, sex, sexual orientation, disability,
or any other basis proscribed by law. It is anticipated that the assessment of prospective directors will be made in the context of the
perceived needs of our board of directors from time to time.

We
expect that all of our directors will be individuals of high character and integrity, able to work well with others, and committed to
devote sufficient time to the business and affairs of our company. In addition to these attributes, the description of each anticipated
director’s background set forth above indicates the specific qualifications, skills, perspectives, and experience necessary to
conclude that each individual should serve as a director of our company.

49

Clawback
Policy

We
have adopted a clawback policy effective as of November 6, 2023, that complies with the Nasdaq’s new clawback rules promulgated
under the SEC’s Rule 10D-1. Under this policy, the Compensation Committee must seek payment of incentive-based compensation, such
as cash payments under our annual incentive plan or long-term equity-based incentive awards, that was paid to our executive officers
based on financial statements that were subsequently restated. The policy provides that if the Compensation Committee determines that
there has been a material restatement of publicly issued financial results from those previously issued to the public, the Compensation
Committee will review all incentive-based compensation made to executive officers during the three-year period prior to the restatement.
If such payments would have been lower had they been calculated based on such restated results, our Compensation Committee will recoup
the payments in excess of the amount that would have been received had it been determined based on the restated amounts.

Additionally,
the Sarbanes-Oxley Act of 2002 subjects incentive-based compensation and stock sale profits of our CEO and CFO to forfeiture in the event
of an accounting restatement resulting from any non-compliance, as a result of their misconduct, with any financial reporting requirement
under securities laws.

Insider
Trading Policy

We
have an insider trading policy governing the purchase, sale, and other
dispositions of our securities that applies to our directors, officers, employees, and consultants. The