Company: SWAGW
Filing Date: 2025-07-11
Form Type: DEF 14A
Source: 0001213900-25-062961
Chunk: 36

Company: Stran & Company, Inc.
Filing Date: 2025-07-11
Form: DEF 14A
Chunk 36
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| (1) | Andrew                                                                                           
 Shape was entitled to the payment of $10,000 per month during 2023 as repayment of sales         
 commissions that had been earned in previous years totaling approximately $140,927, subject      
 to certain terms and conditions. All $30,927 of outstanding payable prior-year commissions       
 were paid to Mr. Shape during 2023. All outstanding accrued interest upon prior-year commissions 
 payable to Mr. Shape was orally waived on March 25, 2024.                                        |

| (2) | Ian                                                                                            
 Wall was granted an option to purchase 15,000 shares of common stock on January 2, 2024.       
 A portion of the option was granted subject to certain vesting conditions. The aggregate       
 grant date fair value was computed in accordance with ASC Topic 718 based on the assumptions   
 described in Notes A.20 and A.21 to the Company’s financial statements beginning on            
 page F-1 of the Company’s Annual Report on Form 10-K for the fiscal year ended December        
 31, 2024 as filed with the SEC on April 14, 2025. On January 2, 2024, Ian Wall became entitled 
 to awards of options to purchase up to 100,000 shares of common stock subject to performance   
 conditions with respect to the fiscal year ended December 31, 2024. The aggregate grant date   
 fair value of these awards was computed based upon the probable outcome of such conditions     
 consistent with the estimate of aggregate compensation cost to be recognized over the service  
 period determined as of the grant date under ASC Topic 718, excluding the effect of estimated  
 forfeitures, and based upon the assumptions described in Notes A.20 and A.21 to the Company’s  
 financial statements beginning on page F-1 of the Company’s Annual Report on Form 10-K         
 for the fiscal year ended December 31, 2024 as filed with the SEC on April 14, 2025. The       
 maximum aggregate grant date fair value of these awards was $52,900 assuming that the highest  
 level of performance conditions will be achieved.                                              |

| (3) | Ian                                                                                           
 Wall was entitled to an automobile and cellular phone allowance not to exceed $750 per month. |

Executive Officer Employment and Consulting Agreements

Employment Agreement with Andrew Shape

Under our employment agreement with our Chief Executive Officer and President, Andrew Shape, dated July 13, 2021 and effective as of November 8,