Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 490

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 5
Chunk 490
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7,000,000 shares of common stock to our Glenn E. Martin, our Chief Executive Officer, as a bonus for services performed from January 1,
2015 to December 31, 2016, as our primary executive officer. The total fair value of the common stock was $490,000 based on the closing
price of our common stock on the date of grant. The shares were subsequently issued on June 29, 2015.

On January 1, 2015, we granted
4,000,000 shares of common stock to Nicole Breen, our Secretary and Treasurer, as a bonus for services performed from January 1, 2015
to December 31, 2016, in those capacities. The total fair value of the common stock was $280,000 based on the closing price of our common
stock on the date of grant. The shares were subsequently issued on June 29, 2015.

On or about December 5,
2014, we issued 18,000,000 shares to Glenn Martin, our Chief Executive Officer, at $0.05 per share, in exchange for services rendered
to the company from January 1, 2012 until December 31, 2014.

On or about September 30,
2014, we issued: (i) an aggregate of 9,600,000 shares to Glenn Martin, Nicole Breen and Ryan Breen, affiliates of the company, at $0.05
per share, in exchange for services rendered to the company from July 2012 to September 30, 2014.

38

Notes Payable

On various dates, we received
advances from our Chief Executive Officer, Glenn Martin, and our Secretary, Nicole Breen. Mr. Martin and Ms. Breen own approximately 50%
and 20% of our common stock, respectively. The unsecured interest bearing loans at 5% are due on demand. As of December 31, 2022, we owed
Mr. Martin $500,000 and Ms. Breen $27,979 under these notes.

On January 2, 2018, Dr.
Pat Williams, at the time a member of our Board of Directors, loaned us $37,000, at an interest rate of 2% per annum, compounded annually
and due on demand. The loan was for the purpose of assisting us in purchasing the condominium in La Veta, CO.

Lease of Real Property