Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 357

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 357
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 it more difficult for broker-dealers to recommend that their
customers buy our Common Stock, which may limit the investors’ ability to buy and sell our stock.

Dividend Policy

Any future determination as to the declaration and
payment of dividends on shares of our Common Stock will be made at the discretion of our board of directors out of funds legally available
for such purpose. We are under no contractual obligations or restrictions to declare or pay dividends on our shares of Common Stock. In
addition, we currently have no plans to pay such dividends. Our board of directors currently intends to retain all earnings for use in
the business for the foreseeable future.

Equity Compensation Plan Information

We offer stock options, stock appreciation rights,
and stock awards to certain of our employees, including our executive officers, as the long-term incentive component of our compensation
program. We may grant equity awards to new hires upon their commencing employment with us. Our stock options allow employees to purchase
shares of our common stock at a price per share equal to the fair market value of our common stock on the date of grant and may or may
not be intended to qualify as “incentive stock options” for U.S. federal income tax purposes. Our stock appreciation rights
allow employees to receive a cash payment for the difference between the market price of our common stock on the date of exercise and
the strike price. We sometimes also offer stock options, stock appreciation rights and stock awards to our consultants in lieu of cash.
Our stock options allow consultants to purchase shares of our common stock at a price per share equal to the fair market value of our
common stock on the date of grant and are not intended to qualify as “incentive stock options” for U.S. federal income tax
purposes. Our stock appreciation rights allow consultants to receive a cash payment for the difference between the market price of our
common stock on the date of exercise and the strike price. Stock options, stock appreciation rights, and stock awards granted to our executive
officers may be subject to accelerated vesting in certain circumstances. Our Board of Directors adopted the 2021 Equity Incentive Plan
to (1) encourage selected employees, officers, directors, consultants and advisers to improve our operations and increase our profitability,
(2) encourage selected employees, officers, directors, consultants and advisers to accept or continue employment or association with us,
and (3) increase the interest of selected employees, officers, directors, consultants and advisers in our welfare through participation
in the growth