Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 372

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 2
Chunk 372
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 in certain circumstances.

No Tax Gross-Ups

We do not make gross-up payments to cover our executive
officers’ personal income taxes that may pertain to any of the compensation paid or provided by our company.

2021 Equity Incentive Plan 

Plan Purpose

Our Board of Directors adopted the 2021 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 in value of our common stock. All of our current employees, directors and consultants are eligible to participate in the
2021 Plan.

Administration

The 2021 Plan is to be administered by the Board or
by a committee to which administration of the Plan, or of part of thereof, is delegated by the Board. The 2021 Plan is currently administered
by our Compensation Committee, which we refer to below as the “Administrator.” The Administrator is responsible for selecting
the officers, employees, directors, consultants and advisers who will receive Options, Stock Appreciation Rights and Stock Awards. Subject
to the requirements imposed by the 2021 Plan, the Administrator is also responsible for determining the terms and conditions of each Option
and Stock Appreciation Right award, including the number of shares subject to the Option, the exercise price, expiration date and vesting
period of the Option and whether the option is an Incentive Option or a Non-Qualified Option. Subject to the requirements imposed by the
2021 Plan, the Administrator is also responsible for determining the terms and conditions of each Stock Award, including the number of
shares granted, the purchase price (if any), and the vesting, transfer and other restrictions imposed on the stock. The Administrator
has the power, authority and discretion to make all other determinations deemed necessary or advisable for the administration of the 2021
Plan or of any award under the 2021 Plan.

Neither the Board nor any committee of the Board to
which administration of the 2021 Plan is delegated will provide advice to participants about whether or not to accept or exercise their
awards. Each participant must make his or her own decision about whether or not to accept or exercise an award.

The 2021 Plan is not subject to the Employee Retirement
Income Security Act of