Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 309

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 309
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 expire ten years from the date of grant. As a result of the Amended and Restated Employment Agreement
with Ms. Breen, she is no longer entitled to the One Million (1,000,000) shares of our common stock as annual salary, or the One Hundred
Thousand (100,000) shares of a yet-to-be-created class of Series B Preferred Stock if we become fully-reporting, which were both set forth
in her prior employment agreement. On December 19, 2018, Ms. Breen requested termination of her Restricted Stock Agreement dated February
1, 2018 and requested that the grants of restricted stock therein be forfeited. As a result, we terminated her Restricted Stock Agreement
and the grants of stock thereunder immediately. At the time of the termination none of the transfer restrictions on the shares had been
lifted and Ms. Breen never received the shares.

37

Long-Term Incentive Plans.
We do not provide its officers or employees with pension, stock appreciation rights, long-term incentive or other plans and has no intention
of implementing any of these plans for the foreseeable future.

Employee Pension, Profit
Sharing or other Retirement Plans. We do not have a defined benefit, pension plan, profit sharing or other retirement plan, although it
may adopt one or more of such plans in the future.

Share Issuances

On June 18, 2018, we issued
an aggregate of 100,000 shares of our common stock to Patrick E. Williams, who at the time was one of our Directors and an officer of
Sangre for services rendered. The total fair value of the stock was $514,000 based on the closing price of our common stock on the date
of grant.

On October 1, 2016, we granted
7,000,000 shares of common stock to Glenn E. Martin, our Chief Executive Officer, as a bonus for services to be performed from January
1, 2017 to December 31, 2022, as our primary executive officer, pursuant to an amended employment agreement. The total fair value of the
common stock was $700,000 based on the closing price of our common stock on the date of grant.

In addition, on October
1, 2016, we granted a total of 14,000,000 shares of common stock to Glenn E. Martin, our Chief Executive Officer, for services performed
from January 1, 2015 to