Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 10

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 10
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 officers
may be expensive

We cannot make any assurances regarding the future
roles of our current directors and chief executive officer. Some of our directors are and will in the future be involved in
other businesses, and are not required to, and do not, commit their full time to our affairs, thereby causing conflicts of interest in
allocating their time between our operations and the operations of other businesses. We have no employment agreements with
any of our existing directors or chief executive officer. Attracting and retaining our directors and officers may be expensive and may
require that we enter into long-term employment agreements, issue stock options, and otherwise incentivize our directors and officers.
The costs of these incentives could materially adversely affect our Company and the trading price of our common stock.

We indemnify our directors and officers, and certain
other parties

Our bylaws specifically limit the liability of our
chief executive officer and directors to the fullest extent permitted by law. As a result, aggrieved parties may have a more limited right
to action than they would have had if such provisions were not present. The bylaws also provide for indemnification of our chief executive
officer and directors for any losses or liabilities they may incur as a result of the manner in which they operated our business or conducted
internal affairs, provided that in connection with these activities they acted in good faith and in a manner which they reasonably believed
to be in, or not opposed to, our best interest. In the ordinary course of business, we also may provide indemnifications of varying scope
and terms to customers, vendors, lessors, business partners, and other parties with respect to certain matters, including, but not limited
to, losses arising out of our breach of such agreements, services to be provided by us, or from intellectual property infringement claims
made by third parties. We may also agree to indemnify former officers, directors, and employees of acquired companies in connection with
the acquisition of such companies. Such indemnification agreements may not be subject to maximum loss clauses. It is not possible to determine
the maximum potential amount of exposure in regard to these obligations to indemnify, due to the limited history of prior indemnification
claims and the unique facts and circumstances involved in each particular situation. Use of our capital or assets for such indemnification
would reduce amounts available for the operations or for distribution to our investors, which could materially adversely affect our Company
and the trading price of our common stock.

 7 

We do not expect