One World Products, Inc.

Summary Compensation Table

The following summary compensation table sets forth the aggregate compensation we paid or accrued during the fiscal years ended December 31, 2024 and 2023 to Isiah L. Thomas, III, our Chief Executive Officer, and Todd Peterson, our Chief Financial Officer (together, our “Named Executive Officers”), that received total compensation in excess of $100,000 during 2024.

(1)Consists of $120,000 and $120,000 of accrued salary for the years ended December 31, 2024 and 2023, respectively, of which $486,512 was paid on November 8, 2024 in the form of the issuance of 100 shares of Series C Special Preferred Stock, which gave Mr. Thomas voting control of the Company.

(2)On March 15, 2024, Mr. Thomas was awarded 2,000,000 shares of common stock. The fair value of the common stock was $132,000, based on the closing stock price on the grant date.

(3)Consists of quarterly awards of common stock in lieu of cash from March 15, 2024 through December 25, 2024, totaling 2,009,090 shares in the aggregate. The fair value of the common stock was $57,750, based on the closing stock price on the grant dates.

Employment Agreements

We entered into an employment agreement with Todd Peterson on July 1, 2024 under which he serves as our Chief Financial Officer. Mr. Peterson received an initial salary of $8,000 per month, and was awarded quarterly compensation of $15,000, payable in cash or shares of common stock at the Company’s discretion, on the fifth calendar day preceding each fiscal quarter. Upon termination of employment, the Stock Consideration will be pro-rated and determined based on the closing stock price on the Termination Date. In addition, Mr. Peterson was awarded a signing bonus of 250 shares of the Company’s common stock on July 1, 2024.

Outstanding Equity Awards at Fiscal Year End

As of December 31, 2024, our Named Executive Officers had outstanding unexercised options as set forth below.

(1)On January 21, 2021, the Company granted Mr. Thomas options to purchase 5,500,000 shares of our common stock, with half of the options vesting immediately on the grant date and the remaining 2,750,000 options vesting quarterly in increments of 250,000 options per quarter.

(2)On December 31, 2020, the Company granted Mr. Peterson options to purchase 125,000 shares of our common stock, vesting in quarterly increments over one year from the grant date.

Option Exercises and Stock Vested

None of our Named Executive Officers exercised any stock options or acquired stock through vesting of an equity award during the year ended December 31, 2024.

Director Compensation

The following table summarizes the compensation paid or accrued by us to our directors that are not Named Executive Officers for the year ended December 31, 2024.

(1)On March 15, 2024, we awarded Mr. Perego 2,000,000 shares of common stock. The fair value of the common stock was $132,000, based on the closing stock price on the grant date.

(2)On March 15, 2024, we awarded Mr. Buffalo 2,000,000 shares of common stock. The fair value of the common stock was $132,000, based on the closing stock price on the grant date.

Directors are entitled to reimbursement for reasonable travel and other out-of-pocket expenses incurred in connection with attendance at meetings of our board of directors.

As of December 31, 2024, Dr. Perego held options to acquire 350,000 shares and, Mr. Buffalo did not own any outstanding options. As of December 31, 2024, no directors held any outstanding restricted stock units or other stock awards.