Limitless X Holdings Issues 550,000 Class B Preferred Shares to CEO Jaspreet Mathur to Settle $50,000 in Benefits and Bonuses

Limitless X Holdings Inc. has entered into a binding Memorandum of Understanding (MOU) with its Chief Executive Officer and Chairman, Jaspreet Mathur, to clarify and settle outstanding benefits and incentive compensation. The agreement resolves $50,000 in previously promised benefits and all bonus and incentive stock compensation related to Mathur's efforts in growing the company, including securing celebrity contracts and funding professionals. As consideration for these past contributions, the company will issue 550,000 shares of its Class B Convertible Preferred Stock to Mathur. This settlement aims to clarify past obligations and ensure continued focus on business development.