SEC Contract Filing

Filing Date: 2024-03-18

Document Content:
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<TYPE>EX-10.6
<SEQUENCE>7
<FILENAME>ex10-6.htm
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: right">Exhibit 10.6</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">GENERAL
RELEASE AND SEVERANCE AGREEMENT</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
General Release and Severance Agreement (the &ldquo;<B><U>Agreement</U></B>&rdquo;), dated as of March 17, 2024 is made and entered
into by and between Kevin O&rsquo;Donnell (&ldquo;<B><U>Employee</U></B>&rdquo;) and Eightco Holdings Inc., a Delaware corporation (formerly
and including Cryptyde, Inc.) (the &ldquo;<B><U>Company</U></B>&rdquo;). The Company and the Executive shall be referred to herein as
the &ldquo;<B><U>Parties</U></B>.&rdquo;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-right: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">For
good and valuable consideration, receipt of which is hereby acknowledged, in order to effect a mutually satisfactory and amicable separation
of employment from the Company and to resolve and settle finally, fully and completely all matters and disputes that now or may exist
between them, as set forth below, Employee and the Company agree as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
<B>Separation from Employment</B>. Effective March 17, 2024 (the &ldquo;<B><U>Separation Date</U></B>&rdquo;), Employee&rsquo;s
employment with the Company ceased and he relinquished all offices, positions, and any authority with the Company and any affiliates
of the Company, provided that Employee will continue as a non-employee director of the Board of Directors of the Company. Employee acknowledges
and agrees, except for the payments described hereunder, Employee has no rights to any other wages and/or other compensation or remuneration
of any kind due or owing or owed from the Company, including, but not limited, to all wages, commissions, reimbursements, bonuses, advances,
vacation pay, severance pay, vested or unvested equity or stock options, awards, and any other incentive-based compensation or benefits
to which Employee was or may become entitled or eligible. Except as set forth herein, any equity awards previously granted to Employee
shall continue to be governed by the terms of the applicable equity plan and award agreements.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
<B>Continuing Obligations/Compliance</B>. As of the Separation Date, the amended and restated employment agreement between the Parties
with an effective date of October 21, 2022 (the &ldquo;<B><U>Employment Agreement</U></B>&rdquo;) shall terminate forever and
no party shall have any further obligation or liability thereunder, except that Employee acknowledges and agrees that Employee shall
remain bound by, and agrees to comply with, any obligations that survive an employment termination as set forth in the Employment Agreement,
including, without limitation those set forth in the Employee Confidential Disclosure, Invention Assignment, Non-Competition, Non-Solicitation
and Non-Interference Agreement that was attached as Attachment A to the Employment Agreement. Employee shall further remain bound by,
and agrees to comply with, any obligations that survive an employment termination as set forth in any other agreement or employee policy
to which he became subject during and in connection with his employment with the Company, including without limitation his continuing
obligation to maintain the confidentiality of the Company&rsquo;s confidential information and other restrictive covenants. Employee
acknowledges that Employee has returned all Company property and information.</FONT></P>

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