Heritage Distilling enters 18-month employment agreements with CEO, President, CFO; grants 4.25M RSUs

IP STRATEGY HOLDINGS, INC.

CEO Justin Stiefel: $195k base salary, 3.5M RSUs vesting monthly over 18 months.
President Jennifer Stiefel: $175k base salary, 500k RSUs vesting monthly over 18 months.
CFO Michael Carrosino: $260k base salary, 250k RSUs (50k vested on grant, 200k monthly vesting).
Company to transfer $25M life insurance on Justin and $10.65M on Jennifer to them; premiums paid during employment plus 12 months post-termination.
Severance of 12 months base salary and accelerated RSU vesting on termination without cause or for good reason.

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