Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 242

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 242
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 result of the Amended and Restated Employment Agreement
with Ms. Breen, she is no longer entitled to the One Million (1,000,000) shares of our common stock as annual salary, or the One Hundred
Thousand (100,000) shares of a yet-to-be-created class of Series B Preferred Stock if we become fully-reporting, which were both set forth
in her prior employment agreement. On December 19, 2018, Ms. Breen requested termination of her Restricted Stock Agreement dated February
1, 2018 and requested that the grants of restricted stock therein be forfeited. As a result, we terminated her Restricted Stock Agreement
and the grants of stock thereunder immediately. At the time of the termination none of the transfer restrictions on the shares had been
lifted and Ms. Breen never received the shares.

33

Long-Term Incentive Plans.
We do not provide its officers or employees with pension, stock appreciation rights, long-term incentive or other plans and has no intention
of implementing any of these plans for the foreseeable future.

Employee Pension, Profit
Sharing or other Retirement Plans. We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although it
may adopt one or more of such plans in the future.

Director Compensation

The following table sets
forth director compensation for 2024:

    Name 
    Fees Earned or Paid in Cash ($)  
    Stock Awards ($)  
    Option Awards ($)  
    Non-Equity Incentive Plan Compensation ($)  
    Nonqualified Deferred Compensation Earnings ($)  
    All Other Compensation ($)  
    Total ($) 
  
    Glenn E. Martin 
     -0-  
     -0-  
     -0-  
     -0-  
     -0-  
     -0-  
     -0- 
  
    Nicole M. Breen 
     -0-  
     -0-  
     -0-  
     -0-  
     -0-  
     -0-  
     -0- 

No director received compensation
for the fiscal years December 31, 2024 and December 31, 2023. We have no formal plan for compensating our directors for their service
in their capacity as directors, although such directors are expected in the future to receive stock options