Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 298

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 298
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    Nicole M. Breen 
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Indemnification of Directors and Officers

Section 15 of our Articles
of Incorporation provides that, to the fullest extent permitted by law, no director or officer shall be personally liable to the corporation
or its shareholders for damages for breach of any duty owed to the corporation or its shareholders.

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Section 16 of our Articles of Incorporation provides
that, to the fullest extent permitted by the General Corporation Law of the State of Nevada we will indemnify our officers and directors
from and against any and all expenses, liabilities, or other matters.

Article IX of our Bylaws
further addresses indemnification of our directors and officers and allows us to indemnify our directors in the event they meet certain
criteria in terms of acting in good faith and in an official capacity within the scope of their duties, when such conduct leads them to
be involved in a legal action.

Insofar as indemnification
for liabilities arising under the Securities Act of 1933 (the “Act”) may be permitted to directors, officers and controlling
persons of the small business issuer pursuant to the foregoing provisions, or otherwise, the small business issuer has been advised that
in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable.

ITEM 11 – EXECUTIVE COMPENSATION

The particulars of compensation
paid to the following persons:

    (a)
    all individuals serving as our principal executive officer during the year ended December 31, 2023;

    (b)
    each of our two most highly compensated executive officers other than our principal executive officer who were serving as executive officers at December 31, 2023who had total compensation exceeding $100,000; and

    (c)
    up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at December 31, 2023,

who we will collectively refer to as the named
executive officers, for the years ended December 31, 2023, 2022 and 2021, are set out in the following summary compensation table:

Summary Compensation

The following table provides a summary of the
compensation received by the persons set out therein for each of our last three fiscal years: