Company: SWAGW
Filing Date: 2025-04-14
Form Type: 10-K
Source: 0001213900-25-031596
Chunk: 2017

Company: Stran & Company, Inc.
Filing Date: 2025-04-14
Form: 10-K
Item: Item 9B
Chunk 2017
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 of the A&R Audibert Consulting Agreement, JCA will also be granted fully-vested common stock upon, and in an
amount based on, the board’s or the Compensation Committee’s certification of attainment of the applicable targets in accordance
with the equity bonus terms described below.

Two of the
equity bonuses will consist of the vesting of a percentage of the restricted stock granted each year under the A&R Audibert Consulting
Agreement based on the percentage of the annual sales target that is certified as attained, the percentage of the net profit target that
is certified as attained, or both. The restricted stock will vest based on the certification of attainment of the annual sales target
as follows: (a) vesting of 5% of the restricted stock if 95% of the annual sales target is certified as attained; (b) 20% of the restricted
stock if 100% of the annual sales target is certified as attained; (c) 30% of the restricted stock if 110% of the annual sales target
is certified as attained; or (d) 40% of the restricted stock if 120% of the annual sales target is certified as attained. The restricted
stock will also vest based on the certified attainment of the annual net profit target as follows: (a) vesting of 7.5% of the restricted
stock if 95% of the annual net profit target is certified as attained; (b) 30% of the restricted stock if 100% of the annual net profit
target is certified as attained; (c) 45% of the restricted stock if 110% of the annual net profit target is certified as attained; or
(d) 60% of the restricted stock if 120% of the annual net profit target is certified as attained.

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Two of the
other equity bonuses will consist of the grant of fully-vested shares of common stock and the vesting of a portion of the stock option
granted each year under the A&R Audibert Consulting Agreement, and two of the other equity bonuses will consist of the vesting of
a portion of such stock option only, in each case based on whether each bonus’s designated target or target percentage is certified
as attained, as follows: (1) grant of 8,000 shares and vesting of the stock option as to 40,000 shares if the annual sales target is certified
as attained; (2) grant of 12