Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 236

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 236
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 the Commodity Exchange Act), or any equivalent exchange, association, entity or organization that has disciplinary authority over its members or persons associated with a member.

Committees

All proceedings of the board
of directors for the year ended December 31, 2023 were conducted by resolutions consented to in writing by the board of directors and
filed with the minutes of the proceedings of our board of directors. Our company currently does not have nominating, compensation or audit
committees or committees performing similar functions nor does our company have a written nominating, compensation or audit committee
charter. Our board of directors does not believe that it is necessary to have such committees because it believes that the functions of
such committees can be adequately performed by the board of directors.

30

We do not have any defined
policy or procedural requirements for shareholders to submit recommendations or nominations for directors. The board of directors believes
that, given the stage of our development, a specific nominating policy would be premature and of little assistance until our business
operations develop to a more advanced level. Our company does not currently have any specific or minimum criteria for the election of
nominees to the board of directors and we do not have any specific process or procedure for evaluating such nominees. The board of directors
will assess all candidates, whether submitted by management or shareholders, and make recommendations for election or appointment.

A shareholder who wishes
to communicate with our board of directors may do so by directing a written request addressed to our president at the address appearing
on the first page of this annual report.

Audit Committee Financial Expert

Our board of directors has
determined that it does not have an audit committee member that qualifies as an “audit committee financial expert” as defined
in Item 407(d)(5)(ii) of Regulation S-K. We believe that the audit committee members are collectively capable of analyzing and evaluating
our financial statements and understanding internal controls and procedures for financial reporting. In addition, we believe that retaining
an independent director who would qualify as an “audit committee financial expert” would be overly costly and burdensome and
is not warranted in our circumstances given the early stages of our development and the fact that we have not generated revenues to date.

Nomination Procedures For Appointment of Directors

As of December 31, 2023,
we did not effect any material changes to the procedures by which our stockholders may recommend nominees to our board of directors.

Code of Ethics

We do not have a code of
ethics.

Section