Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 222

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1A
Chunk 222
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    – 
    – 
    – 
    120,000 
  
    Secretary 
    2023 
    120,000 
    – 
    – 
    – 
    – 
    – 
    – 
    120,000 
  
    Boon Saysavanh Chief Sales
    Officer 
    2024 
    – 
    – 
    103,294 
    – 
    – 
    – 
    – 
    103,294 

(1)Jeffrey Yates was granted 1,000,000 stock-settled appreciation rights at fair market value with a grant
date of December 29, 2023.

(2)Boon Saysavanh, was granted 1,000,000 and 461,538 stock settled appreciation rights at fair market value
with a grant date of December 9, 2024 and December 31, 2024, respectively.

DIRECTOR COMPENSATION

Our Board of Directors does not currently receive
any cash consideration for their services as members of the Board of Directors. The Board of Directors may receive stock-based consideration
for their services to the Company. The Board of Directors reserves the right and intends in the future to award the members of the Board
of Directors cash or additional stock-based consideration for their services to the Company, which awards, if and when granted shall be
in the sole determination of the Board of Directors.

Executive Compensation Philosophy

Our Board of Directors determines the compensation
given to our executive officers in their sole determination. Our Board of Directors reserves the right to pay our executive or any future
executives a salary, and/or issue them shares of common stock in consideration for services rendered and/or to award incentive bonuses
which are linked to our performance, as well as to the individual executive officer’s performance. This package may also include
long-term stock-based compensation to certain executives, which is intended to align the performance of our executives with our long-term
business strategies. Additionally, while our Board of Directors has not granted any performance base stock options to date, the Board
of Directors reserves the right to grant such options in the future, if the Board in its sole determination believes such grants would
be in the best interests of the Company.

Incentive Bonus

The Board of Directors may grant incentive bonuses
to our executive officer and/or future executive officers in its sole discretion, if the Board of Directors believes such bonuses are
in the Company’s best interest, after analyzing