Compensatory Arrangements of Certain Officers.
February 10, 2021, the Board of Directors (the “Board”) of Creatd, Inc. (the “Company”), upon
the approval and recommendation of the Compensation Committee of the Board, approved new compensation arrangements for each
of the independent members (each an “Independent Director”) of the Board (the “Compensation Terms”), in
accordance with the Company’s 2020 Equity Incentive Plan. Pursuant to the Compensation Terms, upon being elected to
the Board, each Independent Director shall receive an initial issuance of 50,000 options to purchase the Company’s common
stock, par value $0.001 (“Common Stock”), which shall vest over a three-year period and expire five years following
the date of vesting (“Opti ons”), having a strike price of the closing price as of the last day prior to the grant
(last day preceding date of appointment) with the Chairman of the Board receiving an additional 50,000 Options. Each Independent
Director will also receive a quarterly payment of (i) restricted shares of the Company’s Common Stock in the amount equal
to $12,500 (“Quarterly Shares”), , priced at the closing price as of the last day prior to the grant (last day of
preceding quarter) and (ii) Options in an amount equal to $12,500 (the “Quarterly Options”), having a strike price
of the closing price as of the last day prior to the grant (last day of preceding quarter). The Chairman of the Board will receive
an additional $12,500 of both Quarterly Shares and Quarterly Options. An Independent Member who is also a member of a committee
of the Board (“Committee”) will receive an annual payment of an additional 2,500 Options, issued quarterly and vesting
one year following their issuance, with the chairperson of each Committee receiving a total of 10,000 of such Options. Options
provide for cashless exercise at option of holder.
to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Date: February 17, 2021
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