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

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 31
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 policies, codes,
representations, certifications, industry standards, publications and frameworks and contractual obligations to third parties related
to privacy, information security, including contractual obligations to indemnify and hold harmless third parties from the costs or consequences
of non-compliance with data protection laws or other obligations.

Our sellers and vendors may be subject to similar
privacy requirements, which may significantly increase costs and resources dedicated to their compliance with such requirements. We may
have contractual and other legal obligations to notify relevant stakeholders of security breaches related to us or, in some cases, our
third-party service providers. Many jurisdictions have enacted laws requiring companies to notify individuals, regulatory authorities,
and others of security breaches involving certain types of data. In addition, our agreements with certain stakeholders may require us
to notify them in the event of such a security breach. Such mandatory disclosures, even if only related to actions of a third-party vendor,
are costly, could lead to negative publicity, may cause our community members to lose confidence in the effectiveness of our security
measures and require us to expend significant capital and other resources to respond to and/or alleviate problems caused by the actual
or perceived security breach, and may cause us to breach customer contracts. Our contracts, our representations, or industry standards,
may require us to use industry-standard or reasonable measures to safeguard sensitive personal information or confidential information.
A security breach could lead to claims by our community members, or other relevant stakeholders that we have failed to comply with such
legal or contractual obligations. As a result, we could be subject to legal action, or our community members could end their relationships
with us. There can be no assurance that any indemnifications, limitations of liability or other remedies in our contracts would be enforceable
or adequate or would otherwise protect us from liabilities or damages.

We may not have adequate insurance coverage for security
incidents or breaches, including fines, judgments, settlements, penalties, costs, attorney fees and other impacts that arise out of incidents
or breaches. If the impacts of a security incident or breach, or the successful assertion of one or more large claims against us that
exceeds our available insurance coverage, is of a type not subject to insurance, or results in changes to our insurance policies (including
premium increases or the imposition of large deductible or co-insurance requirements), it could have an adverse effect on our business.
In addition, we cannot be sure that our existing insurance coverage, cyber coverage and coverage for errors and omissions will continue
to be available on acceptable terms or