Company: BUDZ
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001096906-25-000350
Chunk: 417

Company: WEED, INC.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 4
Chunk 417
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 audit committee members are collectively capable of analyzing and evaluating
our financial statements and understanding internal controls and procedures for financial reporting. In addition, we believe that retaining
an independent director who would qualify as an “audit committee financial expert” would be overly costly and burdensome and
is not warranted in our circumstances given the early stages of our development and the fact that we have not generated revenues to date.

Nomination Procedures For Appointment of Directors

As of December 31, 2023,
we did not effect any material changes to the procedures by which our stockholders may recommend nominees to our board of directors.

Code of Ethics

We do not have a code of
ethics.

Section 16(a) Beneficial Ownership

Section 16(a) of the Securities
Exchange Act of 1934 requires the Company’s directors and executive officers and persons who own more than ten percent of a registered
class of the Company’s equity securities to file with the SEC initial reports of ownership and reports of changes in ownership of
common stock and other equity securities of the Company. Officers, directors and greater than ten percent shareholders are required by
SEC regulations to furnish the Company with copies of all Section 16(a) forms they file.

During the fiscal year ended
December 31, 2024, to the Company’s knowledge, the following delinquencies occurred:

    Name 
    No. of Late Reports  
    No. of  Transactions Reported Late  
    No. of Failures to File 
  
    Glenn E. Martin 
     0  
     0  
     0 
  
    Nicole M. Breen 
     0  
     0  
     0 

Indemnification of Directors and Officers

Section 15 of our Articles
of Incorporation provides that, to the fullest extent permitted by law, no director or officer shall be personally liable to the corporation
or its shareholders for damages for breach of any duty owed to the corporation or its shareholders.

31

Section 16 of our Articles of Incorporation provides
that, to the fullest extent permitted by the General Corporation Law of the State of Nevada we will indemnify our officers and directors
from and against any and all expenses, liabilities, or other matters.

Article IX of our Bylaws
further addresses indemnification of our directors and officers and allows us to indemnify our directors in the event they meet certain
criteria in terms of acting in good faith and in an official capacity within the scope of their