Document:

Exhibit
10.1

 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	SHARE
    EXCHANGE AGREEMENT
	 
	among:
	 
	WEED
    Inc.,
	a
    Nevada corporation;
	 
	and
	 
	Hempirical
    Genetics, LLC,
	a
    Arizona Limited Liability Company
	 
	Dated
    as of _______________, 2022
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

    - 1 - 

     

    

Table
of Contents

 

	 	 	 	 	Page
	ARTICLE I	 	ACQUISITION AND EXCHANGE OF WEED SHARES	3
	 	1.1	The
    Agreement	3
	 	1.2	Exchange
    of WEED Shares	3
	 	1.3	Closing	4
	ARTICLE II	 	REPRESENTATIONS AND WARRANTIES	5
	 	2.1	Representations
    and Warranties of WEED	5
	 	2.2	Representations
    and Warranties of the Hempirical Genetics Members	6
	ARTICLE III	 	CONDITIONS TO CLOSING	8
	 	3.1	Conditions
    to Hempirical Genetics Obligations	8
	 	3.2	Conditions
    to WEED’s Obligations	9
	ARTICLE IV	 	DEFINITIONS	9
	 	4.1	Definitions	9
	ARTICLE V	 	MISCELLANEOUS	10
	 	5.1	Termination
    of Rights and Obligations under the Operating Agreement	10
	 	5.2	Resignations	10
	 	5.3	Amendment
    to Charter Documents	10
	 	5.4	Representation
    and Acknowledgement	10
	 	5.5	Consultation
    with Independent Counsel	10
	 	5.6	Limits
    of Remedy and Liability	10
	 	5.7	Expenses	11
	 	5.8	Necessary
    Actions	11
	 	5.9	Notices	11
	 	5.10	Parties
    in Interest	11
	 	5.11	Severability	11
	 	5.12	Survival
    of Representations, Warranties, Covenants and Agreements	12
	 	5.13	Entire
    Agreement	12
	 	5.14	Waiver	12
	 	5.15	Amendment	12
	 	5.16	No
    Assignment; Binding Effect	12
	 	5.17	Governing
    Law	12
	 	5.18	Counterparts	12

    - 2 - 

     

    

SHARE
EXCHANGE AGREEMENT

 

THIS
SHARE EXCHANGE AGREEMENT (“Agreement”) dated as of __________, 2022 is made and entered into by and among WEED,
Inc., a Nevada corporation (“WEED”) and the members of Hempirical Genetics, LLC, a Arizona limited liability
company (“Hempirical”), identified on Schedule A hereto. Each member may be referred to herein as a
“Hempirical Member” and together as “Hempirical Members”. Hempirical Members and
WEED may be referred to in this Agreement collectively as “Parties” and individually as a “Party”.

 

RECITALS

 

WEED
desires to acquire all of the issued and outstanding limited liability company memberships interest of Hempirical (the “Hempirical
Membership Interests”) solely in exchange for an aggregate of Two Million (2,000,000) restricted shares of common stock,
par value $0.001 per share, of WEED (the “WEED Shares”). The Hempirical Members desire to exchange all of their
Hempirical Membership Interests solely for the WEED Shares in the amount set forth herein.

 

AGREEMENT

 

NOW,
THEREFORE, in consideration of the premises and mutual representations, warranties and covenants herein contained, the Parties hereby
agree as follows:

 

ARTICLE
I

ACQUISITION AND EXCHANGE OF WEED SHARES

 

1.1          The
Agreement. The Parties hereby agree that, at the closing of the transactions contemplated hereby (the “Closing”),
WEED shall acquire all of the issued and outstanding Hempirical Membership Interests including the name “Hempirical Genetics”
solely in exchange for an aggregate of Two Million (2,000,000) restricted shares common stock WEED Shares at a deemed price of $0.25
per share of WEED Common Stock (the “Share Exchange”), which, immediately following such issuance and exchange,
shall represent ~1.5% of the outstanding shares of common stock, par value $0.001 of WEED (“WEED Common Stock”).
The Parties hereto agree that at the Closing, Hempirical will become a wholly owned subsidiary of WEED subject to the conditions and
provisions herein.

 

1.2          Exchange
of WEED Shares/Cash.

 

(a)       At
the Closing, WEED will cause to be issued and held for delivery to the Hempirical Members or their designees, stock certificates representing
One Million (1,000,000) WEED Shares, in exchange for all of the issued and outstanding Hempirical Membership Interests, which Hempirical
Membership Interests will be delivered to WEED at the Closing, the remaining One Million (1,000,000) Shares to be delivered one year
after the date of closing.

    - 3 - 

     

    

(b)       $250,000.00
cash to be paid $10,000.00 at closing plus $5,000.00 monthly paid quarterly beginning July 1, October 1, January 1, April 1, until paid
in full (48 payments of $5,000.00).

 

(c)       “license
acquisition” info

 

(d)       The
WEED Shares of WEED Common Stock to be issued hereunder shall be deemed “restricted securities” as defined in Rule
144 under the Securities Act of 1933, as amended (the “Securities Act”), and the Hempirical Members hereby
represent that they are acquiring the WEED Shares for investment purposes only and without the intent to make a further distribution
of such WEED Shares. All WEED Shares of WEED Common Stock to be issued under the terms of this Agreement shall be issued pursuant to
an exemption from the registration requirements of the Securities Act, under Section 4(2) of the Securities Act and the rules and regulations
promulgated thereunder. Certificates representing the WEED Shares of WEED Common Stock to be issued hereunder shall bear a restrictive
legend in substantially the following form:

 

The
WEED Shares represented by this certificate have been acquired for investment and have not been registered under the Securities Act of
1933, as amended, or under the securities laws of any state and may not be offered for sale, sold, or otherwise disposed of, except in
compliance with the registration provisions of such Act and all applicable state securities laws or pursuant to an exemption from such
registration provisions.

 

1.3          Closing.
The Closing will take place when the last of the conditions set forth in Article III are satisfied or waived and at a date, time and
place (the “Closing Date”) to be mutually agreed upon by the Parties hereto. At the Closing:

 

(a)       Hempirical
will deliver to WEED membership certificates or other evidences representing all of the issued and outstanding Hempirical Membership
Interests as reasonably requested by WEED, duly endorsed, so as to make WEED the holder thereof, free and clear of all Encumbrance; and
ALL will do so by the signing of this document. There are no Certificates.

 

(b)       WEED
will deliver to, or at the direction of, the Hempirical Members, in accordance with Schedule 1.2(b) hereof, stock certificates
representing an aggregate of Two Million (2,000,000) WEED Shares of WEED Common Stock, which certificates will bear a restrictive legend
in the form customarily used with restricted securities and as set forth in Section 1.2(c) above.

    - 4 - 

     

    

ARTICLE
II

REPRESENTATIONS AND WARRANTIES

 

2.1          Representations
and Warranties of WEED. WEED hereby represents and warrants to, and agrees with, the Hempirical Members, as of the date hereof and
as of the Closing Date, as follows:

 

(a)              Corporate
Existence. WEED is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Nevada.
WEED has full corporate power and authority to execute and deliver this Agreement.

 

(b)              Corporate
Power. WEED has all requisite legal and corporate power and authority to execute and deliver this Agreement, to issue the WEED Shares,
and to carry out and perform its obligations under the terms of this Agreement.

 

(c)             Authority.
The execution and delivery by WEED of this Agreement, and the performance by WEED of its obligations hereunder, have been duly and validly
authorized by the Board of Directors of WEED. This Agreement has been duly and validly executed and delivered by WEED and constitutes
a legal, valid and binding obligation of WEED enforceable against WEED in accordance with its terms.

 

(d)             WEED
Stock. The WEED Shares, when issued and delivered in compliance with the provisions of this Agreement, will be duly and validly issued,
fully paid and nonassessable, and free and clear of any Encumbrance, except as expressly provided herein.

 

(e)              No
Conflicts. The execution and delivery by WEED of this Agreement does not, and the consummation of the transactions contemplated hereby
will not:

 

(i)conflict
with or result in a violation or breach of any of the terms, conditions or provisions of WEED’s Articles of Incorporation or bylaws;

 

(ii)       conflict
with or result in a violation or breach of any term or provision of any Law or Order applicable to WEED (other than such conflicts, violations
or breaches that could not in the aggregate reasonably be expected to adversely affect the validity or enforceability of this Agreement
against WEED);

 

(iii)conflict
with or result in a violation or breach of, constitute (with or without notice or lapse of time or both) a default under, require WEED
to obtain any consent or approval of, make any filing with, or give any notice to any Person as a result or under the terms of, or result
in the creation or imposition of any Encumbrance upon WEED under, any contract to which WEED is a Party.

    - 5 - 

     

    

(f)       Governmental
Approvals and Filings. Except for filings post-Closing with state and federal securities authorities, no consent, approval or action
of, filing with, or notice to any governmental or regulatory authority on the part of WEED is required in connection with the execution,
delivery and performance of this Agreement or the consummation of the transactions contemplated hereby, except where the failure to obtain
any such consent, approval or action, to make any such filing, or to give any such notice could not reasonably be expected to adversely
affect the ability of WEED to consummate the transactions contemplated by this Agreement or to perform its obligations hereunder.

 

(g)       Legal
Proceedings. There are no actions, suits, claims investigations or other legal proceedings pending or, to the knowledge of the WEED,
threatened against or by WEED that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.

 

2.2          Representations
and Warranties of the Hempirical Members. Each Hempirical Member, jointly and severally, hereby represents and warrants to, and agrees
with, WEED as follows:

 

(a)       Due
Authorization. Such Hempirical Member has approved this Agreement and duly authorized the execution and delivery hereof. Such Hempirical
Member has full power and authority under the laws of the jurisdictions of residence thereof to execute, deliver, and perform the obligations
under this Agreement and the transactions contemplated hereby and in connection herewith. Such Hempirical Member, if an individual, has
reached the age of majority under applicable law and is not insolvent.

 

(b)       Power
to Transfer. The Hempirical Members own beneficially all of the Hempirical Membership Interests. Such Hempirical Member has full
power and authority to transfer such Hempirical Membership Interests are free and clear of any Encumbrance, other than pursuant to any
federal or state securities laws and such Hempirical Membership Interests are not subject to any claims as to the ownership thereof,
or any rights, powers or interest therein, by any third party and are not subject to any preemptive or similar rights of the Hempirical
Members.

 

(c)       Investment
Purposes. Such Hempirical Member represents that such Hempirical Member is acquiring the WEED Shares of WEED Common Stock to be issued
pursuant hereto for his, her or its own accounts and for investment only and not for any other Person and not for the purpose of distribution
or resale thereof within the meaning of such phrase as defined under the Securities Act. Such Hempirical Member has not entered into
any written or oral agreement to sell, transfer or dispose of any of the WEED Common Stock and shall not dispose of any part or all of
such WEED Shares of WEED Common Stock in violation of the provisions of the Securities Act and the rules and regulations promulgated
under the Securities Act by the Securities and Exchange Commission (“SEC”) and all applicable provisions of
state securities laws and regulations.

    - 6 - 

     

    

(d)       Legend.
Such Hempirical Member acknowledges that the certificate or certificates representing the WEED Shares of WEED Common Stock shall bear
a legend in substantially the form set forth in Section 1.2(c) hereof.

 

(e)       Restricted
Securities. Such Hempirical Member acknowledges being informed that the WEED Shares of WEED Common Stock to be issued pursuant to
this Agreement shall be unregistered, shall be “restricted securities” as defined in paragraph (a) of Rule 144 under
the Securities Act, and must be held indefinitely unless (a) they are subsequently registered under the Securities Act, or (b) an exemption
from such registration is available. Such Hempirical member further acknowledges that WEED does not have an obligation to currently register
such securities for the account of the Hempirical Members.

 

(f)       Access.
Such Hempirical Member acknowledges that such Member has been afforded access to all material information which such Hempirical Member
has requested relevant to such Hempirical Member’s decision to acquire the WEED Shares of WEED Common Stock and to ask questions
of WEED’s management and that, except as set forth herein, neither WEED nor anyone acting on behalf of WEED has made any representations
or warranties to such Hempirical Member which have induced or persuaded such Hempirical Member to acquire such WEED Shares of WEED Common
Stock.

 

(g)       Knowledge
and Experience. Either alone, or together with their investment advisor(s), such Hempirical Member has the knowledge and experience
in financial and business matters to be capable of evaluating the merits and risks of the prospective investment in the WEED Shares of
WEED Common Stock, and such Hempirical Member is and will be able to bear the economic risk of the investment in such WEED Shares of
WEED Common Stock.

 

(h)       Accredited
Investor. Such Hempirical Member is an “accredited investor” as defined in Regulation D promulgated under the
Securities Act.

 

(i)       Organization
and Authority. Hempirical is a limited liability company duly organized, validly existing, and in good standing under the Law of
the State of Arizona. Hempirical has all requisite limited liability company power and authority to own or lease and operate its properties
and assets and to conduct its business as currently conducted.

 

(j)       Legal
Proceedings. There are no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Hempirical
Members, threatened against or by Hempirical Members or Hempirical that challenge or seek to prevent, enjoin or otherwise delay the transactions
contemplated by this Agreement.

    - 7 - 

     

    

(k)       Property
and Assets. The property and assets listed on Schedule 2.3(k) represent all of the property and assets of Hempirical and such
property and assets are owned by Hempirical free and clear of all Encumbrances.

 

(l)        Financials.
The Hempirical Members have delivered to WEED a balance sheet and certain other financial information of Hempirical dated as of May 2,
2022 (the “Statements”). The Statements (i) are true, complete and correct in all material respects; (ii) are
in accordance with the books and records of the Seller; (iii) present fairly the assets and liabilities of Hempirical and its members.
There will be no material changes to the financial condition of Hempirical as presented in the statements on the Closing Date.

 

(m)       Personnel.
Schedule 2.2(m) contains a complete list of every managing member, officer, and employee of Hempirical or independent contractor
or service provider and any contracts between Hempirical and such Persons as of the Closing Date.

 

(n)       Contracts.
For purposes of this Agreement “Contract” means contracts, agreements, arrangements or understandings, whether
written or oral and whether express or implied to which Hempirical is a party (each, a “Contract”). Each Contract
listed on Schedule 2.2(n) hereto is legal, valid, binding, and enforceable and is in full force and effect. Neither Hempirical
nor any other party is in breach or violation of, or (with or without notice or lapse of time or both) default under, any Contract, nor
has Hempirical received any claim of any such breach, violation or default. The Contracts listed in Schedule 2.2(n) herein represent
all Contracts which Hempirical is bound by.

 

ARTICLE
III

CONDITIONS OF CLOSING

 

3.1          Conditions
to Hempirical Obligations. The respective obligations of the Hempirical Members under this Agreement are subject to the conditions
precedent that:

 

(a)       all
agreements and covenants to be performed and satisfied by WEED hereunder on or prior to the Closing Date shall have been duly performed
and satisfied by WEED in all material respects;

 

(b)       the
representations and warranties of WEED shall be true and correct in all material respects as of the Closing Date; and

 

(c)       no
legal or regulatory action, order, judgment, decree or proceeding shall have been entered or be pending or threatened by any Person,
regulatory body or any court to enjoin, restrict or prohibit the transactions contemplated hereby.

    - 8 - 

     

    

3.2          Conditions
to WEED’s Obligations. The respective obligations of WEED under this Agreement are subject to the conditions precedent that:

 

(a)       all
agreements and covenants to be performed and satisfied by the Hempirical Members hereunder on or prior to the Closing Date shall have
been duly performed and satisfied by the Hempirical Members in all material respects;

 

(b)       the
representations and warranties of the Hempirical Members shall be true and correct in all material respects as of the Closing Date;

 

(c)        no
legal or regulatory action, order, judgment, decree or proceeding shall have been entered or be pending or threatened by any Person to
enjoin, restrict or prohibit the transactions contemplated hereby.

 

ARTICLE
IV

DEFINITIONS

 

4.1          Definitions.
For the purposes of this Agreement, the following terms shall have the meanings set forth below:

 

(a)       “Encumbrance”
means any lien, tax, pledge, mortgage, deed of trust, security interest, charge, claim or other similar encumbrance.

 

(b)       “Governmental
Authority” shall mean any domestic or foreign national, state, county, providence or local government or any subdivision thereof,
any domestic, foreign or supranational court, tribunal, administrative agency or commission or other governmental or regulatory authority
or agency or any arbitral body, including any taxing authority, or any arbitrator, court or tribunal of competent jurisdiction.

 

(c)       “Law”
means any federal, state, county, local, municipal, Indian, foreign, international, multinational or other constitution, statute,
law, by-law, ordinance, principle of common law, code, regulation, rule, judicial or administrative decision, regulatory agency guidance
or treaty.

 

(d)       “Order”
shall mean any order, injunction, judgment, decision, decree, ruling, assessment, stipulation or award entered by or with any Court
of competent jurisdiction or Governmental Authority.

 

(e)       “Person”
shall mean an individual, corporation, general partnership, limited partnership, limited liability company, joint venture, association,
trust, unincorporated organization, Governmental Authority or other entity.

    - 9 - 

     

    

ARTICLE
V

MISCELLANEOUS

 

5.1          Termination
of Rights and Obligations under the Operating Agreement. Immediately following the Closing as contemplated herein, the Hempirical
Members shall cease to be members of Hempirical and, accordingly, shall cease to have any rights (including any rights to receive further
distributions of cash from Hempirical, whether relating to previously accrued or future income, except as provided herein) and shall
cease to be bound by any provision of the Operating Agreement of Hempirical dated effective as of May 2, 2022 (the “Operating
Agreement”).

 

5.2          Resignations.
As of the Closing, the Hempirical Members shall resign from all positions with Hempirical as member, manager, employee, officer or other
authorized representative or agent of Hempirical, except none who is to remain ___________________.

 

5.3          Amendment
to Charter Documents. The Parties hereby authorize Hempirical upon Closing to amend Hempirical’s Articles of Organization and
other Hempirical documents that may be applicable to reflect the transactions contemplated herein.

 

5.4          Representation
and Acknowledgment. Each of the Parties represent and acknowledge that such Party has carefully read and fully understands all of
the provisions of this Agreement which sets forth the entire agreement between the Parties and that such Party has not relied upon any
representations or statement, written or oral, not set forth in this document, and has had such time as he/it deemed necessary to review,
consider and deliberate as to the terms of this Agreement.

 

5.5          Consultation
with Independent Counsel. The Parties hereto have each consult have had adequate __________ to with and been counseled by their own
legal counsel and tax advisors, and are entering into this Agreement voluntarily and with full understanding of the meaning and legal
effects of each provision contained in this Agreement. Robert S. Wolkin, Esq. has acted as legal counsel to WEED and has not acted as
legal counsel to any other Party. The Parties hereto and their respective legal counsel have been involved in the negotiation and drafting
of this Agreement. In the event of any dispute regarding the interpretation of any provision of this Agreement, the Parties agree that
this Agreement and the provisions hereof shall not be construed against any one Party as the drafter of this Agreement.

 

5.6          Limits
of Remedy and Liability. In the event of any breach by any Party of any representation, warranty or covenant in this Agreement, the
non-defaulting Party shall have any and all rights and remedies available at law or in equity against the defaulting Party. In the event
of a lawsuit to enforce this Agreement, the substantially prevailing Party (as determined by the court) shall be entitled to recover
from the non-substantially prevailing Party all of the attorneys’ fees and costs incurred by the substantially prevailing Party
in such action.

    - 10 - 

     

    

5.7          Expenses.
All costs and expenses incurred in connection with this Agreement and the transactions contemplated hereby, will be paid by the Party
incurring such expense or as otherwise agreed to herein.

 

5.8          Necessary
Actions. Subject to the terms and conditions herein provided, each of the Parties hereto agree to use all reasonable efforts to take,
or cause to be taken, all action and to do, or cause to be done, all things necessary, proper or advisable under applicable Laws and
regulations to consummate and make effective the transactions contemplated by this Agreement. In the event at any time after the Closing,
any further action is necessary or desirable to carry out the purposes of this Agreement, the directors of WEED and the Hempirical Members,
as the case may be, agree to take such actions.

 

5.9          Notices.
Any notice or other communication required or permitted to be given hereunder shall be in writing and shall be mailed by certified mail,
return receipt requested or by the most nearly comparable method if mailed from or to a location outside of the United States or by Federal
Express, or similar overnight delivery or courier service or delivered (in person or by facsimile) against receipt to the Party to which
it is to be given at the address of such Party set forth in Schedule A hereto (or to such other address as the Party shall have
furnished in writing in accordance with the provisions of this Section 5.9). Any notices to WEED shall be sent to 4920 N. Post
Trail, Tucson, Arizona 85750, addressed to the attention of the President. Any notice or other communication given by certified mail
(or by such comparable method) shall be deemed given at the time of certification thereof (or comparable act), except for a notice changing
a Party’s address which will be deemed given at the time of receipt thereof. Any notice given by other means permitted by this
Section 5.9 shall be deemed given at the time of receipt thereof.

 

5.10        Parties
in Interest. This Agreement will inure to the benefit of and be binding upon the Parties hereto and the respective successors and
assigns. Nothing in this Agreement is intended to confer, expressly or by implication, upon any other Person any rights or remedies under
or by reason of this Agreement.

 

5.11        Severability.
The provisions of this Agreement will be deemed severable and the invalidity or unenforceability of any provision hereof will not affect
the validity or enforceability of any of the other provisions hereof. If any provisions of this Agreement, or the application thereof
to any Person or any circumstance, is illegal, invalid or unenforceable, (a) a suitable and equitable provision will be substituted therefor
in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision, and
(b) the remainder of this Agreement and the application of such provision to other Persons or circumstances will not be affected by such
invalidity or unenforceability, nor will such invalidity or unenforceability affect the validity or enforceability of such provision,
or the application thereof, in any other jurisdiction.

    - 11 - 

     

    

5.12        Survival
of Representations, Warranties, Covenants and Agreements. The representations, warranties, covenants and agreements of the Parties
hereto contained in this Agreement will survive the execution and delivery of this Agreement with respect to any representation or warranty
for a period of one year.

 

5.13        Entire
Agreement. This Agreement supersedes all prior discussions and agreements between the Parties with respect to the subject matter
hereof and contains the sole and entire agreement between the Parties hereto with respect to the subject matter hereof.

 

5.14        Waiver.
No waiver by any Party of any term or condition of this Agreement, in any one or more instances, shall be deemed to be or construed as
a waiver of the same or any other term or condition of this Agreement on any future occasion.

 

5.15        Amendment.
This Agreement may be amended, supplemented or modified only by a written instrument duly executed by or on behalf of each Party hereto.

 

5.16        No
Assignment; Binding Effect. Neither this Agreement nor any right, interest nor obligation hereunder may be assigned by any Party
hereto without the prior written consent of the other Party hereto and any attempt to do so will be void. Subject to the preceding sentence,
this Agreement is binding upon, inures to the benefit of, and is enforceable by the Parties hereto and their respective successors and
assigns.

 

5.17        Governing
Law. This Agreement shall be governed by and construed in accordance with the Laws of the State of Arizona applicable to a contract
executed and performed in such State, without giving effect to the conflicts of law principles thereof.

 

5.18        Counterparts.
This Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will
constitute one and the same instrument.

 

IN
WITNESS WHEREOF, the Parties hereto have executed and delivered this Agreement in a manner legally binding upon them as of the date
first above written.

 

	 	WEED,
    INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	HEMPIRICAL
    GENETICS MEMBERS
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

    - 12 - 

     

    

	Schedule
    A
	Names
    and Address of Hempirial Members
	 
	Jeffery
    Miller, P.O. Box 6244, Huachuca City, AZ 85616
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

    - 13 - 

     

    

	Schedule
    A-1
	 
	Schedule
    1.2(b)
	Share
    Issuance Instructions

 

	 	Percentage
    Interest	WEED
    Shares to be
	Hempirical
    Genetics Member Name	in
    Hempirical Genetics	received
    at Closing 
	 	 	 
	Jeffery
    Miller	100%	1,000,000
	 	 	 
	Jeffery
    Miller	100%	1,000,000
    shares to be delivered one year after date of closing

    - 14 - 

     

    

Schedule
1.2(b)-1

Schedule 2.2(k)

 

Property
and Assets

 

HEMPIRICAL
GENETICS, LLC – ASSETS LIST – as of May 1, 2022

 

1.
Equipment and Biomass list

 

2.
Strains/Seeds

 

3.
Hemp License Documents

 

4.
Lease

    - 15 - 

     

    

Schedule
2.2(k)

Schedule 2.2(m)

 

Personnel

 

Jeffery
Miller, P.O. Box 6244, Huachuca City, AZ 85616

    - 16 - 

     

    

Schedule
2.2(m)

Schedule 2.2(n)

 

Contracts

 

No
outside Contracts are currently entered into by Hempirical Genetics, LLC as of May 2, 2022.

- 17 -Exhibit
10.2

 

EXECUTIVE
EMPLOYMENT AGREEMENT

 

THIS
EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into as of May 2, 2022 (“Effective Date”),
by and between WEED, Inc., a Nevada corporation, (the “Company”), and Jeffery Miller (the “Executive”),
P.O. Box 6244, Huachuca City, AZ 85616.

 

WITNESSETH:

 

WHEREAS,
Company desires to retain the services of Executive, and Executive desires to be employed by the Company, on the terms and conditions
of this Agreement.

 

NOW,
THEREFORE, in consideration of the premises and the mutual covenants and agreements set forth herein, the Company and Executive, intending
to be legally bound, hereby agree as follows:

 

1.           Employment.
The Company agrees to employ executive as the Chief Executive Officer for HEMP BioSciences, Inc. a wholly owned subsidiary of WEED, Inc.,
and Executive accepts such employment and agrees to perform full-time executive employment services for the Company, subject always to
resolutions of the Board of Directors of the Company (the “Board”), for the period and upon the other terms and conditions
set forth in this Agreement.

 

2.           Term.
The term of Executive’s employment hereunder (the “Term”) shall commence on the Effective Date, and shall continue
until the earlier of (i) two (2) years after the Effective Date of (ii) the date this Agreement is terminated upon written notice by
either party as set forth in Sections 5 (Termination). Sections 6 (Compensation upon the Termination of Executive’s Employment)
and Sections 7 (Change of Control) of this Agreement shall govern the amount of any compensation to be paid to Executive upon termination
of this Agreement and his employment. Executive shall have an option for an additional two (2) years under the same terms and conditions.

 

3.           Position
and Duties.

 

3.1.          Service
with the Company. During the Term of this Agreement, Executive agrees to perform such executive employment duties as the Board shall
reasonably assign to him from time to time. In addition, at all times during the period of Executive’s employment by the Company,
Executive shall serve on the Company’s Board of directors without any additional compensation.

 

3.2.          No
Conflicting Duties. Executive hereby confirms that he is under no contractual commitments inconsistent with his obligations set forth
in this Agreement, and that during the Term of this Agreement, he will not render or perform services, or enter into any contract to
do so, for any other corporation, firm, entity or person that are inconsistent with the provisions of this Agreement or Executive’s
fiduciary obligations to the Company.

    1

     

    

4.           Compensation
and Benefits.

 

4.1.          Bonus
at Signing. Upon the signing of this Agreement, the Company will pay to executive 100,000 “Restricted” Common Shares of
the Company’s Common Stock. These shares will be restricted, control person securities.

 

4.2.          Base
Salary. As compensation for all services to be rendered by Executive under this Agreement, the Company shall pay to Executive an
annual salary of $300,000 “Restricted” Common Shares at 25,000 per month shares of the Company’s Common Stock (the “Base
Salary”). The Base Salary is payable equally on April 1st and October 1st of each year of the Term. The Base
Salary shall be subject to review and change at the discretion of the Board (or its Compensation Committee), however, the Base Salary
may not be decreased without the written consent of the Executive.

 

4.3.          Bonuses.

 

4.3.1        The
Company shall pay Executive a bonus of 100,000 shares of the Company’s Restricted Common Stock upon the Company commercial states
for each strain becoming commercially viable.

 

4.3.2        Commercially
viable means the company receiving 50 kilos of dried cannabis flower per strain.

 

4.4.          Participation
in Benefit Plans. Executive shall be included to the extent eligible thereunder in any and all plans of the Company providing general
benefits for the Company’s executive employees, including, without limitation, medical, dental, vision, disability, life insurance,
401(k) plan, sick days, vacation, and holidays. Executive’s participation in any such plan or program shall be subject to the provisions,
rules, and regulations applicable thereto. In addition, during the Term of this Agreement, Executive shall be eligible to participate
in all non-qualified deferred compensation and similar compensation, bonus and stock plans offered, sponsored or established by Company
on substantially the same or a more favorable basis as any other employee of Company. The Company will pay directly or reimburse Executive
for supplemental disability coverage, in an amount approved by the Board (or its Compensation Committee, if applicable). The benefit
plans described in this Section 4.4 are collectively referred to in this Agreement as “Benefit Plans.”

 

4.5.          Business
Expenses. In accordance with the Company’s policies established from time to time, the Company will pay or reimburse Executive
for all reasonable and necessary out-of-pocket expenses incurred by him in the performance of his duties under this Agreement, subject
to the presentment of appropriate supporting documentation. In addition, the Company will reimburse or pay directly for Executive’s
personal executive development expenses, in a maximum amount to be approved by the Board (or its Compensation Committee, if applicable).

    2

     

    

5.            Termination.

 

5.1.          Disability.
At the Company’s election, Executive’s employment shall terminate upon Executive’s becoming totally or permanently disabled
for a period of six (6) consecutive months. For purposes of this Agreement, the term “totally or permanently disabled” or “total
or permanent disability” means Executive’s inability on account of sickness or accident, whether or not job-related, to engage
in regularly or to perform adequately his assigned duties under this Agreement. The Company may only make a determination that Executive
is totally or permanently disabled or has a total or permanent disability upon receipt of such a determination from Executive’s
regular, treating physician. Executive, or Executive’s authorized personal representative, will instruct Executive’s regular,
treating physician to furnish to the Company such physician’s determination of whether Executive is totally or permanently disabled
or has a total or permanent disability upon Executive’s, or Executive’s authorized personal representative’s, receipt
of a written request from the Company, signed by any officer, and Executive hereby (a) waives any privilege of confidential treatment
by such physician in that connection, and (b) agrees to submit to such physical and psychiatric examinations and tests as shall be reasonably
necessary or appropriate to enable the Company to determine that Executive is totally or permanently disabled or has a total or permanent
disability.

 

5.2.          Death
of Executive. Executive’s employment shall terminate immediately upon the death of Executive.

 

5.3.          Termination
for Cause. The Company may terminate Executive’s employment at any time for “Cause” (as hereinafter defined) immediately
upon written notice to Executive. As used herein, the term “Cause” shall mean that Executive shall have (i) committed any act
of fraud, embezzlement, dishonesty or any other willful misconduct that is demonstrably and materially injurious to the Company, or (ii)
in the reasonable judgment of the Board, violated any material written Company policy or rules of the Company, unless cured by Executive
within 30 days following written notice thereof to Executive, or (iii) refused to follow the reasonable written directions given by the
Board or its designee or breached any covenant or obligation under this Agreement or other agreement with the Company, unless cured by
Executive within thirty (30) days following written notice thereof to Executive. No act or failure to act by Executive shall be considered
“willful” unless committed without good faith and without a reasonable belief that the act or omission was in the Company’s
best interest.

    3

     

    

5.4.          Resignation. Executive’s employment shall terminate on the earlier of the date that is thirty (30) days following the written
submission of Executive’s resignation to the Company or the date such resignation is accepted by the Company.

 

5.5.          Termination
for Good Reason. Executive may terminate his employment under this Agreement at any time for “Good Reason” (as hereinafter
defined). As used herein, the term “Good Reason” shall mean, without Executive’s written consent: (a) a material reduction
in Executive’s Base Salary; (b) a material reduction in Executive’s authority, duties or responsibilities, including without
limitation, removing Executive as a Member of the Board, President or Chief technology Officer; (c) relocation by the Company of Executive’s
work site to a facility or location more than 25 miles from the Executive’s principal work site for the Company; (d) imposition
of a requirement that Executive report to a Company officer or employee rather than directly to the Board; or (e) a material breach by
the Company of any of its obligations under this Agreement or any other written agreement or covenant with Executive. A condition will
not be considered “Good Reason” unless Executive gives the Company written notice of the condition within ninety (90) days
after the condition comes into existence and the Company fails to remedy the condition within thirty (30) days after receiving Executive’s
written notice. To resign for Good Reason, Executive must resign within two (2) years after one of the foregoing conditions has come
into existence without Executive’s consent and has not been remedied by the Company within its 30-day remedy deadline.

 

5.6.          Surrender
of Records and Property. Subject to Section 8 (License), upon termination of his employment with the Company, Executive shall deliver
promptly to the Company all credit cards, computer equipment, cellular telephone, records, manuals, books, blank forms, documents, letters,
memoranda, notes, notebooks, reports, data, tables, calculations or copies thereof, that are the property of the Company and that relate
in any way to the business, strategies, products, practices, processes, policies or techniques of the Company, and all other property,
trade secrets and confidential information of the Company, including, but not limited to, all documents that in whole or in party contain
any trade secrets or confidential information of the Company that in any of these cases are in his possession or under his control, and
Executive shall also remove all such information from any personal computers that he owns or controls.

 

6.           Compensation upon the Termination of Executive’s Employment.

 

6.1.          In
the event that Executive’s employment is terminated pursuant to Section 5.3 (Termination for Cause) or 5.4 (Resignation) then Executive
shall be entitled to receive a pro rata amount of Executive’s then current Base Salary through the date his employment is terminated,
but no other compensation of any kind or amount. Such pro rata amount shall be determined by the ratio of the number of days of the calendar
year that have passed as of the termination date to 365. Any shares awarded in excess of such amount shall be redeemed by the Company
for $1.

    4

     

    

6.2.          In the event Executive’s employment is terminated pursuant to Section 5.2 (Death), Executive’s beneficiary or a beneficiary
designated by Executive in writing to the Company, or in the absence of such beneficiary, Executive’s estate, shall be entitled
to receive Executive’s then current Base Salary through the end of the month in which his death occurs, but no other compensation
of any kind or amount.

 

6.3.          Subject
to Section 6.1 (Conditions), in the event Executive’s employment is terminated by the Executive pursuant to Section 5.5 (Termination
for Good Reason) or by the Company pursuant to Section 5.1 (Disability), then Executive shall be entitled to receive Executive’s
then current Base Salary through the date his employment is terminated, and the Company shall pay to Executive, as a severance allowance,
the following amounts (together the “Severance Payments”), and shall amend any stock option award agreement or other equity
award agreement (each an “Option Agreement”) between the Company and Executive as follows, but shall pay no other compensation
or benefits of any kind.

 

7.           Successors.

 

7.1.          The
Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, merger, acquisition,
consolidation, liquidation or otherwise) to all or substantially all of the Company’s business and/or assets shall assume the obligations
of the Company under this Agreement and agree expressly to perform the obligations of the Company under this Agreement in the same manner
and to the same extent as the Company would be required to perform such obligations in the absence of a succession.

 

7.2.          Executive’s
Successors. The terms of this Agreement and all rights of Executive hereunder shall inure to the benefit of, and be enforceable by,
Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributes, devisees and legatees.

 

8.           Other Provisions.

 

8.1.          Governing
Law. This Agreement is made under and shall be governed by and construed in accordance with the laws of the State of Arizona without
reference to conflicts of law provisions thereof.

 

8.2.          Prior
Agreements. This Agreement contains the entire agreement of the parties relating to the subject matter hereof and supersedes all
prior agreements and understanding with respect to such subject matter, and the parties hereto have made no agreements, representations,
or warranties relating to the subject matter of this Agreement which are not set forth herein.

    5

     

    

8.3.          Withholding Taxes and Right of Offset. The Company may withhold from all payments and benefits under this Agreement all federal,
state, city, or other taxes as shall be required pursuant to any law or governmental regulation or ruling. Executive agrees that the
Company may offset any payments owed to Executive pursuant to this Agreement or otherwise against any amounts owed by Executive to the
Company.

 

8.4.          No
Duty to Mitigate. Executive shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall
any such payment be reduced by any earnings that Executive may receive from any other source.

 

8.5.          Amendments.
No amendment or modification of this Agreement shall be deemed effective unless made in writing signed by Executive and the Company.

 

8.6.          Headings.
All captions and section headings used in this Agreement are for convenient reference only and do not form a part of this Agreement.

 

8.7.          No
Waiver. No term or condition of this Agreement shall be deemed to have been waived nor shall there by any estoppel to enforce any
provisions of this Agreement, except by a statement in writing signed by the party against whom enforcement of the waiver or estoppel
is sought. Any written waiver shall not be deemed a continuing waiver unless specifically stated, shall operate only as to the specific
term or condition waived, and shall not constitute a waiver of such term or condition for the future or as to any act other than that
specifically waived.

 

8.8.          Severability.
To the extent any provision of this Agreement shall be invalid or unenforceable, it shall be considered deleted from this Agreement and
the remainder of such provision and of this Agreement shall be unaffected and shall continue in full force and effect.

 

8.9.          Survivability.
Sections 6, 7, 8, and 9 of this Agreement shall survive the termination of this Agreement and the termination of Executive’s employment
with the Company.

 

/
/ /

 

/
/ /

 

/
/ /

    6

     

    

8.10.        Counterparts.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together will constitute
one and the same instrument.

 

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the day and year set forth above.

 

	 	“Company”:
    WEED, Inc., a Nevada corporation
	 	 	 
	 	 	 
	 	 	By:
	 	 	Title:
	 	 	 
	 	“Executive”: 	 
	 	 	Jeffery
    Miller, an individual

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}]]