LFTD Partners enters $2.75M insider loan, raises exec salaries $150k, commits to $1.375M building buy from officer

LFTD PARTNERS INC.

Nicholas Warrender loans $2.75M at 2.5%; previous $3.75M note repaid; loan secured by all assets and stock.
CEO, CFO, COO base salaries increased from $100k to $250k/yr effective Jan 1, 2022.
Deferred compensation ~$641k to Jacobs to be paid by Jan 6, 2022; $300k bonus to William Jacobs.
Company obligated to buy building from Warrender's affiliate by Dec 31, 2022 for fixed price $1.375M.
2021 bonus pool set at $1.559M to be paid by March 15, 2022; directors get $4k quarterly fee.

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