Company: KWIK
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001683168-25-002055
Chunk: 326

Company: KwikClick, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1C
Chunk 326
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 for the review, approval or ratification of transactions, such as those described above,
with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the
future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review,
approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our directors will
continue to approve any related party transaction.

Indemnification of Directors and Officers

Our Certificate of Incorporation and Bylaws do not
have any specific provisions relating to indemnification of our officers and directors.  Without limiting the application of the
foregoing, the Board of Directors may adopt bylaws from time to time with respect to indemnification, to provide at all times the fullest
indemnification permitted by the laws of the State of Delaware, and may cause the Company to purchase and maintain insurance on behalf
of any person who is or was a director or officer of the Company, or is or was serving at the request of the Company as a director or
officer of another corporation, or as its representative in a partnership, joint venture, trust, or other enterprise against any liability
asserted against such person and incurred in any such capacity or arising out of such status, whether or not the Company would have the
power to indemnify such person. The indemnification provided shall continue as to a person who has ceased to be a director, officer, employee,
or agent, and shall inure to the benefit of the heirs, executors and administrators of such person.

Insofar as indemnification for liabilities arising
under the Securities Act of 1933 may be permitted to directors, officers or persons controlling the Company pursuant to the foregoing
provisions, the Company has been informed that in the opinion of the SEC such indemnification is against public policy as expressed in
the Securities Act and is therefore unenforceable.

We have not entered into any agreements with our directors
and executive officers that require us to indemnify these persons against expenses, judgments, fines, settlements and other amounts actually
and reasonably incurred (including expenses of a derivative action) in connection with any proceeding, whether actual or threatened, to
which any such person may be made a party by reason of the fact that the person is or was a director or officer of our Company or any
of our affiliated enterprises. We do not maintain any policy of directors’ and officers’ liability