Document:

Exhibit
10.45

 

 

December
13, 2021

 

Steve
Paradiso

Email:
sparadiso@yahoo.com

Phone:
978-476-6991

 

Dear
Steve,

 

STRAN
and Company, Inc. (Stran Promotional Solutions) is pleased to extend you an offer for the position of Chief of Staff to begin
employment at a mutually agreeable time.

 

Position:
The Chief of Staff should proactively improve corporate structure and company operations through identifying and facilitating
the efficient, effective performance of the duties of senior management and executives in order to drive growth and create scalability.
The Chief of Staff will provide leadership and strategic vision, implement operational, managerial, and administrative procedures, and
establish reporting structures and controls within the entire organization. You will effectively communicate and foster growth among
the executive team as related to all employees. This is a vital leadership role that will drive results, spur growth, and increase the
overall efficiency of Stran.

 

Reporting:
This position will directly report to the CEO and President of the company with guidance from other top executive leadership positions
where applicable.

 

Mission:

 

		●	Help
set the strategic direction to surpass $100mm in annual sales within the next 3 years, while leading and managing the day-to-day activities
of senior management in order to accomplish this vision.

 

		●	Establish
                                            a foundational process for effectively forecasting and strategically executing and managing
                                            that growth for Stran.

 

		●	Identify
                                            what positions need to be filled and how to change our Org chart to meet our goals.

 

		●	Implement
                                            a new reporting and hierarchical structure that holds people accountable to pre-determined
                                            and clearly outlined expectations.

 

		●	Recruit,
                                            hire, and onboard appropriate candidates from both outside and inside the organization.

 

		●	Assess,
                                            monitor, coach, and train ongoing skills development for managers so that those processes
                                            can be replicated company-wide.

 

		●	Develop
                                            benchmarks and goals that measure success and holds people accountable to deliver results.

 

		●	Act
                                            as an ambassador of culture, strive for and engage a work environment that supports Stran’s
                                            mission and core values.

 

		●	Lead
                                            by example by fostering professional relationships within your own network that turn into
                                            revenue generating activities for Stran.

 

		●	Evaluate
                                            the various teams while providing reporting, meetings, interactions, and overall management
                                            to achieve desired goals and objectives.

 

 

Stran
& Company - 2 Heritage Dr. - Quincy, MA 02171 - 800-833-33309 - www.stran.com

 

     

     

    

 

 

Day-to
Day Tasks:

 

		●	Strategy
                                            and planning

 

		●	Recruiting
                                            and hiring

 

		●	Training
                                            and onboarding

 

		●	Managing
                                            and

 

		●	Implementation
                                            of new initiatives

 

		●	M&A
                                            – including identifying targets, analyzing synergies, and helping to close acquisitions

 

		●	Analysis
                                            of company processes, structure, financials, and profitability.

 

Major
activities and the % of time: 

 

	Activity	 	% of Time
	 	 	 
	Management / coaching / training	 	35%
	Supporting continuous improvement of company structure, processes, and operations to

maximize efficiency and effectiveness	 	30%

 
	Analyzing and reporting on findings and results while implementing proper change	 	20%
	M&A activities	 	15%

 

Performance
Criteria:

 

		●	Develop
                                            and manage plans to success.

 

		●	Grow
                                            Stran’s overall revenue to surpass $100mm while maintaining relative profitability
                                            figures.

 

		●	Limit
                                            employee and customer attrition while maximizing revenue growth and attracting new business.

 

		●	Deliver
                                            proactive and innovative solutions surrounding structural, operational, sales, marketing,
                                            and overall business strategy.

 

 

Stran
& Company - 2 Heritage Dr. - Quincy, MA 02171 - 800-833-33309 - www.stran.com

 

    2

     

    

 

 

Compensation:
Stran will provide you with an annual base salary of $175,000.00 with the potential for increases in salary and annual bonus
based on the successful achievement of both personal and business-related goals as outlined below/attached.

 

Bonus
Structure:

 

Stran
would like to offer you a bonus structure that encompasses both personal goals and overall business goals. After the first 2 years of
employment, and each subsequent year, these goals and bonus figures will be reviewed to ensure that proper benchmarks and goals are a
benefit to the organization, realistic, attainable, and fair for everyone.

 

Performance
Bonus Structure: Stran has developed a bonus plan that ties directly to the overall sales , profitability, and growth of Stran.
Stran expects significant year-over-year growth as our main success benchmark. Should the company achieve the goals as outlined below,
you can expect a bonus based on these criteria. These benchmarks and bonus % are based on the current landscape and may be adjusted after
2 years based on changing business factors.

 

Cash
Bonuses: Achieve the following goals OR at the discretion of the CEO and approval by compensation committee – reviewed
and paid annually based on fiscal year.

 

Year
1 Revenue Benchmarks

 

		●	Any
                                            TTM revenue of $42mm achieved = 25% of salary

 

		●	Any
                                            TTM revenue of $47mm achieved = 50% of salary

 

		●	Any
                                            TTM revenue of $52mm achieved = 75% of salary

 

		●	Any
                                            TTM revenue of $57mm achieved = 100% of salary

 

Year
2 Revenue Benchmarks

 

		●	Any
                                            TTM revenue of $45mm achieved = 25% of salary

 

		●	Any
                                            TTM revenue of $55mm achieved = 50% of salary

 

		●	Any
                                            TTM revenue of $65mm achieved = 75% of salary

 

		●	Any
                                            TTM revenue of $75mm achieved = 100% of salary

 

 

Stran
& Company - 2 Heritage Dr. - Quincy, MA 02171 - 800-833-33309 - www.stran.com

 

    3

     

    

 

 

Stock/Option
Bonuses: Achieve the following goals OR at the discretion of the CEO and approval by compensation committee – reviewed
and paid annually based on fiscal year. Total available stock/option awards: 125,000 total shares and 125,000 total options
within 3 years from start date. Benchmarks and incentives required are detailed below.

 

Stock/Options
Award 1: Condition of employment. Issue 62,500 shares and 62,500 options (at hiring date price).

 

Vest
1/8 every quarter of employment. Locked up until June, 2022.

 

Stock
Options Award 2: Condition of hitting incentive goals: Issue 40,000 options that are “earned” once each of the benchmarks
outlined below are achieved. Earn 40,000 shares that are issued once each of the benchmarks outlined below are achieved.

 

		●	Any
                                            TTM revenue of $50mm achieved = 10,000 shares + 10,000 options

 

		●	Any
                                            TTM revenue of $60mm achieved = 10,000 shares + 10,000 options

 

		●	Any
                                            TTM revenue of $70mm achieved = 10,000 shares + 10,000 options

 

		●	Any
                                            TTM revenue of $80mm achieved = 10,000 shares + 10,000 options

 

Stock
Options Award 3: Condition of hitting incentive goals: Issue 22,500 options that are “earned” once each of the benchmarks
outlined below are achieved. Earn 22,500 shares that are issued once each of the benchmarks outlined below are achieved.

 

		●	Successfully
                                            execute company “rhythm” by setting recurring meetings and tasks = 2,500 shares
                                            + 2,500 options

 

		●	Successfully
                                            hire and onboard 3 C-level or Executive VP level leaders = 10,000 shares + 10,000 options

 

		●	Successfully
                                            create and put in motion business plan and succession plan = 10,000 shares + 10,000 options

 

Stretch
goal: Achieve TTM revenue of $250mm within 3 years while still employed, earn another 100,000 shares in addition to anything
listed above.

 

Any
stock options or shares of the Company’s common stock will follow all regulatory and compliance rules including filing a registration
statement or restricting the sale or exercise of shares due to SEC. FINRA, Nasdaq or other regulatory requirements.

 

Non-compete
and non-solicitation:

 

Stran
will execute a standard non-disclosure and non-compete agreement with you. That non-compete will allow you to work within the print or
promotional industry – except for specific direct competitors that are individually listed in that agreement. In addition, you
will agree not to solicit any current or existing clients or customers that were obtained prior to this agreement or obtained during
your employment unless given prior approval by Stran for the period specified in the non-compete.

 

Benefits:
Stran offers Medical Care Coverage under an HMO or PPO plan whereby the company contributes 65% of the monthly premium if you choose
to participate. Stran provides life insurance and short-term disability as outlined in our benefits package. Stran also offers a Section
125 Flexible Spending Account and elective participation in dental insurance and long-term disability programs. Additionally, you are
eligible to participate in the Simple IRA savings plan with a company match of 3% of your annual salary – up to the legal maximum.
You will be eligible for these benefits after 3 months of employment and based on the providers requirements.

 

In
addition, you will receive 25 days of paid time off annually – including vacation and sick days. You must receive approval and
give at least two weeks’ notice prior to taking time off whenever possible. Stran offers a generous holiday schedule each year.
For calendar year 2021 STRAN has 10 paid holidays.

 

 

Stran
& Company - 2 Heritage Dr. - Quincy, MA 02171 - 800-833-33309 - www.stran.com

 

    4

     

    

 

 

A
performance review of stated goals will take place at 3, 6 and 12 months following your start date.

 

Working
hours will be from 9:00am-5:30pm. Please note that due to the increasing level of growth that our business has been experiencing over
the past few years, and as the newest member of our senior management team, it would be expected that additional hours be put in to ensure
that all areas under your responsibility are properly tended to. Upon acceptance of this role, you will need to complete the I-9, W-4
and other employee information forms by the first day of work. Also, you will need to read and sign the Stran employee Handbook before
the end of you first week of employment.

 

Please
let us know of your decision to accept this offer in writing. Congratulations, we think you will be a great addition to our team and
look forward to working with you in your new role and position!

 

Sincerely,

 

	/s/ Andy Shape	 
	Andy Shape, President and CEO	 
	STRAN and Company, Inc.	 

	 

I
accept this offer:

 

		 	
	Name	 	Date

 

 

Stran
& Company - 2 Heritage Dr. - Quincy, MA 02171 - 800-833-33309 - www.stran.com

 

5Exhibit 10.46

 

 

Company:

 

For 27 years, Stran has been developing strategic solutions
for our client partners by offering customized branded merchandise and creative marketing services to meet the individual needs of our
corporate customers. Stran is an entrepreneurial organization and a Top 40 Distributor, placing us among the top 1% in our industry. We
are recognized as a “Best Places to Work” by Counselor Magazine, the industries predominant trade journal. Stran’s corporate
headquarters is in Quincy, MA

 

Position: Chief Technology Officer

 

The CTO will provide sound technical leadership in all
aspects of our business. You will communicate with employees, stakeholders, and customers to ensure our company’s technologies are
performing or exceeding their intended objective. This is a vital leadership role that will drive results, spur growth, and increase the
overall efficiency of Stran

 

Reporting: This position will
report to the COO/CEO & President

 

In this role,

 

		●	Develop technical aspects for Stran’s strategy to ensure
alignment with its short and long-term business goals.
	 	 	 

		●	Making executive decisions on behalf of Stran’s technological
requirements.
	 	 	 

		●	Discover and implement new technologies that yield competitive
advantages
	 	 	 

		●	Ensure all technology practices adhere to regulatory standards.
	 	 	 

		●	Communicate technology strategy to employees, partners, and
customers.
	 	 	 

		●	Managing technology budgets and time frames

 

Desired Skill set:

 

		●	Knowledge of technological trends to build strategy
	 	 	 

		●	BS/BA in Computer Science, Engineering or related field.
	 	 	 

		●	Excellent communication skills
	 	 	 

		●	Leadership and organizational abilities
	 	 	 

		●	Problem Solving aptitude
	 	 	 

		●	Understanding of budgets and business planning
	 	 	 

		●	Ability to delegate efficiently

 

Compensation:

 

Stran will provide you with an annual base salary of $150,000

 

Car and cell phone allowance:

 

$750 monthly.

 

 

Stran & Company - 2 Heritage Dr. - Quincy, MA 02171
- 800-833-33309 - www.stran.com

 

     

     

    

 

 

Signing Bonus:

 

60K cashless options issued with exercise price of $4.15 (IPO Price),
that vest one third per year for three years.

 

Company Bonus Structure:

 

$50k of stock issued, without restriction, upon company achieving
trailing 12-month annual sales of $75 Million, based on quarterly GAAP financial filings.

 

$75k of stock issued, without restriction, upon company achieving
trailing 12-month annual sales of $100 Million, based on quarterly GAAP financial filings.

 

Termination without due cause:

 

In the event of termination without due cause a severance
package of 6-months will be paid following Stran’s normal pay schedule.

 

Benefits:
The Healthcare package we offer is Blue Cross Blue Shield Medical Care Coverage under the HMO/PPO Blue plan whereby the company contributes
65% of the monthly premium. Stran & Company, Inc. also offers a Section 125 Flexible Spending Account, Dental Insurance, Group Life
Insurance, Short Term Disability and Long-Term Disability. Stran offers a Simple IRA savings plan with a company match of 3% of your
annual salary – up to the legal maximum. In addition, you will receive 15 days of PTO. You must give at least two weeks’
notice prior to taking time off whenever possible. Stran offers a generous holiday schedule each year. Benefit coverage will begin after
the completion of 3 months full time work.

 

Remote work is also available for
US-based candidates. Candidates not working at company headquarters in Quincy, MA and living in a different time zone must be willing
to work specific hours to ensure overlap with the rest of the team. Frequent travel to company headquarters will be required.

 

Sincerely,

 

	/s/ Randy Birney	 
	Randy Birney	 
	Executive Vice President	 
	STRÄN and Company, Inc.	 

 

I accept this offer

 

	/s/
    Jason Nolley	 	Date 11/19/2021
	Jason Nolley	 	

 

 

Stran & Company - 2 Heritage Dr. - Quincy, MA 02171
- 800-833-33309 - www.stran.com

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