Company: GEDC
Filing Date: 2025-04-02
Form Type: 10-K
Source: 0001641172-25-002190
Chunk: 963

Company: CalEthos, Inc.
Filing Date: 2025-04-02
Form: 10-K
Item: Item 11
Chunk 963
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 to 20% of such Option Shares (35,000 shares) upon the completion of the sale or lease
                                            of all or a portion of the Property for “powered dirt”, a “powered shell”
                                            or a built-to-suit data center facility. 

●Vesting
                                            milestones can be altered or changed by the Company and the optionee mutually agreeing as
                                            the data center site development, building designs, and construction plans are further defined
                                            and timelines for permitting, construction, and customer contracts, occupancies, and operations’
                                            milestones are established.

In
January 2025, the Company issued a Debenture in the amount of $25,000, with a commission of $2,000 for net proceeds of $23,000.

In
February 2025, the Company issued a Debenture in the amount of $100,000, with a commission of $4,000 for net proceeds of $96,000.

In
March 2025, the Company issued a Debenture in the amount of $100,000, with a commission of $4,000 for net proceeds of $96,000.

F-23