Company: ORBS
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004802
Chunk: 1526

Company: Eightco Holdings Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 9B
Chunk 1526
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 level for each compensation component based in part,
but not exclusively, on its view of internal equity and consistency, individual performance, the Company’s performance, and other
information deemed relevant and timely.

Employment
Agreements

Paul
Vassilakos Employment Agreement

In connection with Mr. Vassilakos’ appointment as the Executive Chairman
and Chief Executive Officer of the Company, on March 17, 2024, the Company and Mr. Vassilakos entered into an Employment Agreement (the
“Vassilakos Employment Agreement”), which supersedes and replaces the Employment Agreement dated October 16, 2022, by and
between Mr. Vassilakos, the Company and Forever 8. The Vassilakos Employment Agreement provides for an initial term of two years, unless
earlier terminated in accordance therein, and automatic renewals for successive one (1) year terms unless either party provides timely
written notice otherwise.

Pursuant to the terms of the Vassilakos Employment Agreement, Mr. Vassilakos
will be entitled to a base salary payable at the annualized rate of $300,000 per year (the “Vassilakos Base Salary”). Mr.
Vassilakos is eligible for an annual cash bonus opportunity equal to up to 75% of the Vassilakos Base Salary and awards of restricted
stock units up to 100% of the Vassilakos Base Salary, subject to the terms and conditions of the Incentive Plan and the Company’s
form of restricted stock unit agreement (the “Vassilakos Bonus”), based on certain milestones to be determined in the sole
and absolute discretion of the Board. Mr. Vassilakos may also be eligible for additional compensation in the sole and complete discretion
of the Board or the Compensation Committee of the Board.

In the event the Company terminates Mr. Vassilakos’ employment without
cause (as defined in the Vassilakos Employment Agreement), Mr. Vassilakos will receive (i) the Accrued Obligations (as defined in the
Vassilakos Employment Agreement) and (ii) severance in the amount of equal to the Vassilakos Base Salary for twelve (12) months, less
applicable payroll deductions and tax withholdings. In addition, this termination will cause the vesting of all equity awards subject
to the