Company: LIFD
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000819
Chunk: 215

Company: LFTD PARTNERS INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 215
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 2023.  Through March 31, 2025, 503,000 shares of Deferred Contingent Stock have been issued to certain Deferred Contingent Stock Recipients.  The following is a summary of share-based compensation, stock option and warrant activity as of March 31, 2025 and changes during the quarter then ended:      Weighted-  Weighted-AverageRemaining  Aggregate      Average   Contractual  Intrinsic   Shares  Exercise Price  Term (Years)  Value Exercisable Warrants Outstanding, December 31, 2024  2,280,000  $5.00   0.15  $-                  Warrants That Expired During Q1 2025  (2,280,000)                             Exercisable Warrants Outstanding, March 31, 2025  0  $-   0  $- Outstanding Warrants, March 31, 2025  0  $-   0  $- 

 F-53Table of Contents

NOTE 10 – CONTINGENT CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS Lease and Purchase of Building Located at 5511 95th Ave, Kenosha, Wisconsin 53144 On December 18, 2020, Lifted as tenant entered into a Lease Agreement (the “Lease) with 95th Holdings, LLC (“Landlord”) for office, laboratory and warehouse space in a building located at 5511 95th Avenue, Kenosha, Wisconsin (“5511 Building”). The lease commencement date was January 1, 2021, and lease termination date was January 1, 2026.  Landlord was an entity owned directly or indirectly by NWarrender, the Company’s Vice Chairman and COO, the CEO of Lifted, and the largest stockholder of the Company as the beneficial owner of 3,900,455 shares of common stock of the Company. Due to the potential conflict of interest, the terms and conditions of the Lease were negotiated on behalf of Lifted by Vincent J. Mesolella, the Lead Outside Director of the Company. Landlord and Lifted were represented by their own independent legal counsel in connection with the Lease. Under the terms of the Lease, NWarrender is able