# EDGAR Filing Document

**Accession Number:** 0001961199
**File Stem:** 0001746059-23-000056
**Filing Date:** 2023-3
**Character Count:** 142339
**Document Hash:** 69a666885338c4c602051b63164e76f5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000056.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001746059-23-000056

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 6

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Broad Point, LLC
- **CENTRAL INDEX KEY:** 0001961199
- **IRS NUMBER:** 815055047
- **STATE OF INCORPORATION:** AK

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31933
- **FILM NUMBER:** 23703457

**BUSINESS ADDRESS:**
- **STREET 1:** 106 W BUNNELL AVE UNIT 2
- **CITY:** HOMER
- **STATE:** AK
- **ZIP:** 99603
- **BUSINESS PHONE:** (907) 435-7635

**MAIL ADDRESS:**
- **STREET 1:** 106 W BUNNELL AVE UNIT 2
- **CITY:** HOMER
- **STATE:** AK
- **ZIP:** 99603

### Attached PDF Documents

**Attachment 1:** `wildhoney_offmo.pdf`

![img-0.jpeg](img-0.jpeg)

## OFFERING MEMORANDUM

facilitated by

![img-1.jpeg](img-1.jpeg)

1

# Broad Point, LLC

## FORM C

### OFFERING MEMORANDUM

#### Purpose of This Form

A company that wants to raise money using Regulation Crowdfunding must give certain information to prospective investors, so investors will have a basis for making an informed decision. The Securities and Exchange Commission, or SEC, has issued regulations at 17 CFR §227.201 listing the information companies must provide. This form - Form C - is the form used to provide that information.

Each heading below corresponds to a section of the SEC's regulations under 17 CFR §227.201.

#### (A) The Company

| Name of Company | Broad Point, LLC |
| --- | --- |
| State of Organization | AK |
| Date of Formation | 01/18/2017 |
| Entity Type | Limited Liability Company |
| Street Address | 106 W Bunnell Ave Unit 2, Homer AK, 99603 |
| Website Address | wildhoneybistro.com |

#### (B) Directors and Officers of the Company

| Key Person | Melody Livingston |
| --- | --- |
| Position with the Company | Title Owner First Year 2017 |
| Other business experience (last three years) | Owner/Operator of Wild Honey Bistro since 2017. Kodiak Area Native Association, 2009 - 2011. |

2

| Key Person | Scott Livingston |
| --- | --- |
| Position with the Company | Title Owner First Year 2017 |
| Other business experience (last three years) | FASTOR , Chicago, IL (Feb. 2012 - Jan. 2013; annual since March, 2020) (C) = ASUM MANAGER SOLUTIONS (2013-2015); ASUM GLOBAL , Dec. (2012-2018) Director - Product / Operations Lead / Project Lead (Jan. 2013 - Jan. 2015) Senior Manager - Business Excellence (Aug. 2018 - June 2019) Manager I/II - Project (Aug. 2014 - Aug. 2018) Associate I/II - Project (May 2013 - Aug. 2016) The Law Firm of Edward S. Livingston , Owner / Sole Proprietor Chicago, IL (2012 - 2016) Dale & Brundles, LLC , Associate Chicago, IL (2007 - 2011) Lehman & Webster LLP , Associate Chicago, IL (2007 - 2009; Summer 2006) |

### (C) Each Person Who Owns 20% or More of the Voting Power

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Melody Livingston | 60% |
| Scott Livingston | 40% |

### (D) The Company's Business and Business Plan

#### Intended Use of Funds

Funds raised will be used for the construction of a new prep kitchen space and to purchase additional equipment for the cafe and bakery.

- The project was designed to allow Wild Honey to add the prep kitchen and bakery space, without having to close down the main cafe during construction. Creation of the prep kitchen expansion will require: 1) partial demolition of an existing Quonset hut; 2) construction of prep kitchen space; 3) modification of the existing cafe in order to allow access the prep space from the current cafe kitchen; 3) purchase of a deck oven for bread baking; and 4) purchase of additional equipment for the cafe/bakery kitchen, including a walk-in refrigerator, pasty proofing cabinet, dishwasher, and more. A rough, hand-drawing of the anticipated internal layout is provided at left and plat map showing the structures and area to be demolished for the new build is below.
- We are still confirming bids and sorting through equipment options, but we expect that the project will cost somewhere between $150,000 to $225,000, all in.
- Initial permitting has been granted and the demolition of the existing structure has been scheduled. We have received bids from our main builder and electrician. Additional bids for plumbing, equipment, and finishing work are in process. We are on track for a late-April/early-May completion.

Our Mission - City Bear Bread

3

Good bread, that's good for you.

- The bread you can typically get in most U.S. grocery stores is... bad. It's been produced to maximize how long it can sit on a shelf, rather than for taste or for health. Commercial yeast allows large batches of bread to be made quickly and efficiently but can also mean that the bread just doesn't taste very good. Additives keep it looking fresh for a long time, but can make the bread difficult to digest, with the unfermented flour causing inflammation, bloating, and other unpleasant digestive concerns.
- At City Bear Bread, we specialize in 100% naturally fermented breads and pastries (aka, "sourdough"), prepared using the highest quality ingredients available. We look to use local and organic ingredients whenever available. Making bread this way takes longer to prepare (sometimes taking 2-4 days or even longer, depending on what you are making), but the taste and the health benefits make the wait worth it.

# The Team

Melody Livingston, Owner / Operator - Wild Honey Bistro

Melody is the owner of Wild Honey Bistro, located in Homer's Old Town neighborhood. Melody purchased Mara's Café back in 2017, upgraded and rebranded as Wild Honey serving upscale crepes, gluten free pastries, and other breakfast and lunch items. Melody has had amazing success with Wild Honey. Under her leadership and vision, Wild Honey has grown nearly 20% year-over-year, building not just a successful business but a true community.

Melody is passionate about food and the customer experience, but also about creating a business that serves the broader needs of its workers and the community in which it is based. Melody is also a fierce advocate for locally produced food and incorporates ingredients from local producers, growers, and foragers and fisherman into her menu whenever possible. She is also a huge advocate for, and supporter of, women run businesses and will remain the primary owner and shareholder for the combined Wild Honey / City Bear business ventures going forward.

Ed Scott Livingston, Owner / Head Baker - City Bear Bread

Scott has been managing people since he was made the general manager for a set of Little Caesars pizza restaurants back in the late 1980s just out of high school. He most-recently worked out of Chicago as an attorney, project manager, and operations director for an international legal services company. Scott loved the people he worked with, but the farther he climbed up the corporate ladder the less happy he became. Scott reconnected with Melody during the pandemic and moved up to Alaska at the end of 2020. Scott always had an interest in baking and began handling the baking at Wild Honey in his free time last summer, elevating the traditional gluten free items and introducing new naturally-fermented (sourdough) pastries to the menu. A successful pop-up at a local brewery in Homer last October and November, showed that there was not just a market but a real hunger for artisan bakery items in the Homer area. With the kitchen expansion, Scott will be able to move the baking out of his home kitchen and provide high-quality, upscale bakery experience to the Homer area.

Our Mission - Wild Honey Bistro

Our goal at Wild Honey is to showcase the natural abundance that surrounds us in Alaska.

- We harvest many of the ingredients we use ourselves. We know the faces and the names of the people that catch, grow, and raise almost everything else we lovingly prepare for you to enjoy.

4

- We believe that every step of your food's journey, from harvest to table, is important - from the care and treatment of the animals to the love and passion of the farmers and fisherman. We buy from small producers that love what they do as much as we love preparing it for you.
- Our hope is that the bistro will help you feel more connected to your community and to your food. Because we believe that the more connected we are to the people and things that sustain us, the greater the quality of our lives.

# Forecasted Milestones

We are on track for completion of the new prep kitchen / bakery space by late-April or early-May. There are several near-term milestones relating directly to the build of the prep space, as well as some other long-term milestones that we hope to obtain within the next year or two.

- March 1st - CUP Permit Approval - COMPLETED! -- The hearing to get approval for a conditional use permit is scheduled in front of the Homer Planning Commission on March 1st. Approval of a conditional use permit ("CUP") is required for this project as the property is historically non-conforming as to the lot coverage. All structures on the lot take up more than the current regulatory cap of 30%. Since we are not seeking to expand the lot coverage, just replace an existing and deteriorating structure with a new structure, we do not anticipate issues with receiving CUP approval.
- March 6th - Demolition - An excavator has been scheduled to complete the demolition of the old Quonset hut. (Some preparation for the demolition has already been completed.) The demo is only expected to take 1-2 days, including clean up.
- March 10th - City Bear Bread Go-Live on Alaska Food Hub - City Bear Bread will be a participating producer on the Alaska Food Hub, a site that provides a forum for the sale of locally grown and/or produced items. The Food Hub operates from March to December out of Homer, Alaska and services the communities of Anchor Point and Soldatna from April to October. City Bear Bread has been approved as a producer and will begin selling breads and pastries through the Food Hub, beginning March 10th. This will allow an expanded customer base (especially for the more northerly communities) and provide additional exposure for City Bear Bread and Wild Honey Bistro.
- March 13th - Techno Post Installation - The new building will be built on metal techno post pilings. These screw into the ground and are much less disruptive to the land than a dug foundation. Because we are seeking to preserve the existing café space as well as the historically significant Bunnell Art Building, both of which are right next to the new build, the less disruption to the exiting foundations the better. These also allow us to begin the overall build sooner, since they can be installed even if the ground is frozen.
- March 14th to 27th - Frame Up / Dry In - The new structure should be able to be framed up and dried in in less than two weeks. This will allow the plumbers and electrical to do their work out of the elements.
- March 27th to 30th - Electrical / Plumbing
- April 1st to 21st (approximate) - Finishing Work and Equipment Install - Once electric and plumbing have been completed, the rest of the finishing work and installation of the large equipment will be able to be completed. This includes installation of the walk-in cooler and delivery and setup of the deck oven for bread baking.
- April 25th - Soft Launch - We begin baking in the new space and start training bakery assistants for the Summer Season. Expanded summer hours begin.
- May 14th - Mother's Day - Historically one of our biggest single-day sales events of the year. The new space means opportunities to do more event-driven menus.
- Fall / Winter 2023 - Event Offerings - The prep space will be well suited to offering cooking/baking classes as well as other participatory events. During the summer season, we

5

barely have time to breath, but people are always looking for fun things to do and ways to support the businesses that stick it out year-round here in Homer. Cooking and baking classes hit both points and we anticipate these being a significant supplemental revenue source during the slower seasons.

- 2024 and Beyond - Additional Wholesale Offerings - City Bear Bread has already been approached by some local businesses to ask if we will be doing wholesale offerings. While we don't anticipate this being a significant source of revenue in 2023 while we get used to the new space and evaluate the direct retail needs through the café and Food Hub, long-term bakery growth is likely to be driven by wholesale volume through restaurants, grocery, and/or specialty food shops in Homer and nearby communities. We are particularly interested in opportunities to get our bread out to communities off the main road system, requiring delivery by boat or plane.

# Our Story

The Wild Honey Bistro has been so successful since it opened in 2017 that it no longer is able to operate efficiently in its existing space. Rather than purchase a new space, we are looking to renovate the current location to add a prep kitchen and on-site bakery options for City Bear Bread.

- Melody opened the Wild Honey Bistro in 2017 after purchasing the existing Mara's Café location in Homer, Alaska. Wild Honey specializes in upscale crepes and other breakfast and lunch items. (Let's not forget the mimosas!) Melody has had amazing success with Wild Honey. Sales have grown about 20% year-over-year since 2017, even with COVID, and she has built a true community along with a successful business.
- Scott began taking over much of the in-house baking at Wild Honey this summer and has been operating City Bear Bread as a small cottage bakery since October of last year. City Bear Bread specializes in naturally fermented ("sourdough") breads and pastries for sale through Wild Honey and at various local pop-up events and has already begun to max out capacity of the small, home-based bakery kitchen due to demand.
- The Wild Honey space is charming and sits in a great location, but it's small, particularly the kitchen and prep areas. As the café has become more popular the smaller space has become an increasing challenge in the busier summer months - wait times have gone up and menu offerings have had to be limited due to the inability to prep while the restaurant is open and a lack of refrigerator and dry storage space. Prep work was needing to be done after hours or on days the café would normally be closed, and we have begun to see people turn away and look for other options due to extended wait times.
- We have been exploring options to either expand the existing space or find another location over the last 18 months. As the idea for City Bear Bread started to come together, the need for a space that could accommodate a larger deck oven and bakery equipment also became an issue. Originally, the plan was to purchase a second, larger location for Wild Honey to move into and have City Bear Bread start a small bakery specializing in various naturally fermented breads and pastries in the current café space. However, commercial space in Homer, Alaska is at a premium - both as to availability and price - and it quickly became apparent that the cost to buy and renovate a new location would entail taking on a debt burden that could threaten the long-term health of the company. Additionally, we started to think about how much there would be to gain if Wild Honey Bistro and City Bear Bread could share a location.
- Melody has a talent for design and we started to sketch out possibilities for demolishing a portion of the existing structures and replacing them with a full service prep kitchen and bakery space. There are additional ideas for further renovations down the line, but this

6

project focuses on turning a fairly unusable storage space into a space that will allow Wild Honey to better serve its existing customer base and give City Bear Bread a true bakery space that is able to serve the café and give it a location that will allow it to expand sales in other local forums and to nearby communities via direct and wholesale opportunities.

- We are excited to see where this will go and we hope you want to be a part of the journey as well. See below for more information on the project and our current offerings and mission. The project is in motion, but we need your help to see it through. Won't you join us?

For more information, please refer to the Page View included with this filing.

#### (E) Number of Employees

The Company currently has 2 employees. The Company may hire or discharge employees in the future to meet its objectives.

#### (F) Risks of Investing

A crowdfunding investment involves risk. **YOU SHOULD NOT INVEST ANY FUNDS IN THIS OFFERING UNLESS YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT.** In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. Please review the Educational Materials for risks that are common to many of the companies on the MainVest platform.

THESE SECURITIES ARE OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER FEDERAL LAW. THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE 'SEC') HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THESE SECURITIES ARE EXEMPT FROM REGISTRATION. THE SEC HAS NOT PASSED UPON THE MERITS OF THE SECURITIES OR THE TERMS OF THE OFFERING, AND HAS NOT PASSED UPON THE ACCURACY OR COMPLETENESS OF THE OFFERING DOCUMENTS OR LITERATURE.

THESE SECURITIES HAVE NOT BEEN RECOMMENDED OR APPROVED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THESE AUTHORITIES HAVE NOT PASSED UPON THE ACCURACY OR ADEQUACY OF THIS DOCUMENT.

Please refer to Appendix A for additional risks to consider when investing in this offering.

#### (G) Target Offering Amount and Offering Deadline

| Target Offering Amount | $50,000 |
| --- | --- |
| Offering Deadline | May 5, 2023 |

If the sum of the investment commitments does not equal or exceed the Target Offering Amount as of the Offering Deadline, no securities will be sold in the offering, investment commitments will be canceled, and all committed funds will be returned. The Company may extend the Offering Deadline and shall treat such an extension as a material change to the original offer and provide Investors with notice and opportunity to reconfirm their investment in accordance with Section (K) of this Memorandum.

#### (H) Commitments that Exceed the Target Offering Amount

7

| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $120,000 |
| If Yes, how will the Company deal with the oversubscriptions? | We will accept subscriptions on a first-come, first-served basis. |

#### (I) How the Company Intends to Use the Money Raised in the Offering

The Company is reasonably sure it will use the money raised in the offering as follows:

| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Build-Out/Renovation | $40,000 | $100,000 |
| Equipment | $7,000 | $12,800 |
| Mainvest Compensation | $3,000 | $7,200 |
| TOTAL | $50,000 | $120,000 |

The amounts listed estimates and are not intended to be exact description of the Company's expenditures. Exact allocation and use of funds may vary based upon legitimate business expenditures and economic factors.

#### (J) The Investment Process

##### To Invest

- Review this Form C and the Campaign Page
- If you decide to invest, enter an amount and press the Invest button
- Follow the instructions

##### TO CANCEL YOUR INVESTMENT

Send an email to info@mainvest.com no later than 48 hours before the Offering Deadline or go to the dashboard for your user account to cancel manually. In your email, include your name and the name of the Company.

##### Other Information on the Investment Process

- Investors may cancel an investment commitment until 48 hours prior to the Offering Deadline.
- MainVest will notify investors when and if the Target Offering Amount has been raised.
- If the Company reaches the Target Offering Amount before the Offering Deadline, it may close the offering early if it provides notice about the new Offering Deadline at least five business days before such new Offering Deadline, absent a material change that would require an extension of the offering and reconfirmation of the investment commitment.
- If an investor does not cancel an investment commitment before the 48-hour period before the Offering Deadline, the funds will be released to the Company upon closing of the

8

offering and the investor will receive securities in exchange for his or her investment.

For additional information about the investment and cancellation process, see the Educational Materials.

#### (K) Material Changes

In the event the issuer undergoes a material change, the Investor will be notified of such change. The investor will have five (5) business days from the receipt of such notice to reconfirm their investment. IF AN INVESTOR DOES NOT RECONFIRM HIS OR HER INVESTMENT COMMITMENT WITHIN FIVE (5) DAYS OF THE NOTICE OF MATERIAL CHANGE BEING SENT, THE INVESTOR'S INVESTMENT COMMITMENT WILL BE CANCELLED, THE COMMITTED FUNDS WILL BE RETURNED, AND THE INVESTOR WILL NOT BE ISSUED ANY OF THE SECURITIES REFERENCED IN THIS OFFERING.

#### Explanation

A 'material change' means a change that an average, careful investor would want to know about before making an investment decision. If a material change occurs after you make an investment commitment but before the Offering closes, then the Company will notify you and ask whether you want to invest anyway. If you do not affirmatively choose to invest, then your commitment will be cancelled, your funds will be returned to you, and you will not receive any securities.

#### (L) Price of the Securities

The Company is offering 'securities' in the form of revenue sharing notes, which we refer to as 'Notes.' The Notes are being offered at their face amount. For example, you will pay $1,000 for a Note with a face amount of $1,000.

9

## (M) Terms of the Securities

### Overview

The Company is offering “securities” in the form of revenue sharing notes, which we refer to as the “Notes.” The Terms of the Notes are set forth in the Revenue Share Agreement accompanying this Form C in Appendix A. Copies of the Note and Revenue Sharing Agreement are attached to this Form C.

### Summary of Terms

| Revenue Percentage 1 | 2.1 - 5.0% 2 |
| --- | --- |
| Payment Deadline | 2029-09-30 |
| Maximum Payment Multiple 3 - Early Investors - All Other Investors | 1.7 x 1.6 x |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Accrual Rate | 3.65% |

$^{1}$ as defined in the note agreement included in Appendix A

$^{2}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 2.1% and a maximum rate of 5.0% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases. For example, a hypothetical offering could result in the following revenue sharing percentages, depending on the amount raised:

| Amount Raised | Revenue Sharing Percentage |
| --- | --- |
| $50,000 | 2.1% |
| $67,500 | 2.8% |
| $85,000 | 3.5% |
| $102,500 | 4.3% |
| $120,000 | 5.0% |

$^{3}$ To reward early participation, the investors who contribute the first $50,000.0 raised in the offering will receive a 1.7x cap. Investors who contribute after $50,000.0 has been raised in the offering will receive a 1.6x cap.

### Your Right to Payments under the Note

Your right to payments under the Note is set forth in the Note, together with a separate document

10

called the Revenue Sharing Agreement. Copies of the Note and Revenue Sharing Agreement are attached to this Form C. Additionally, general terms are outlined below and in the Company's offering page.

# Obligation to Contribute Capital

Once you pay for your Note, you will have no obligation to contribute more money to the Company, and you will not be personally obligated for any debts of the Company. However, under some circumstances you could be required by law to return some or all of a distribution you receive from the Company.

# No Right to Transfer

You should plan to hold the Notes until maturity. The Notes will be illiquid (meaning you might not be able to sell them) for at least four reasons:

- The Revenue Sharing Agreement prohibits the sale or other transfer of Notes without the Company's consent.
- If you want to sell your Note the Company will have the first right of refusal to buy it, which could make it harder to find a buyer.
- Even if a sale were permitted, there is no ready market for Notes, as there would be for a publicly-traded stock.
- By law, for a period of one year you won't be allowed to transfer the Investor Shares except (i) to the Company itself, (ii) to an "accredited" investor, (iii) to a family or trust, or (iii) in a public offering of the Company's shares.

# Security

The Notes are not secured by any assets of the Company or any assets of persons associated with the Company.

# Modification of Terms of Notes

The terms of the Notes and the Revenue Sharing Agreement may be modified or amended with the consent of Investors holding 50% of the Notes, measured by the total amount outstanding under each Note.

# Other Classes of Securities

| Name of Security | Limited Liability Company Interests |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | N/A |
| How these securities differ from the revenue sharing notes being offered to investors | Limited Liability Company Interests are an equity interest, whereas Revenue Sharing Notes are a debt obligation of the Company. |

11

## Dilution of Rights

The Company has the right to create additional classes of securities, both equity securities and debt securities (e.g., other classes of promissory notes). Some of these additional classes of securities could have rights that are superior to those of the Notes. For example, the Company could issue promissory notes that are secured by specific property of the Company.

## The People Who Control the Company

Each of these people owns 20% or more of the total voting power of the Company:

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Melody Livingston | 60% |
| Scott Livingston | 40% |

## How the Exercise of Voting Rights Could Affect You

You will receive payments with respect to your Note only if the Company makes enough money to pay you, or, if the Company does not make enough money to pay you, if there is enough value in the collateral the Company pledged as security for the Notes.

The people with voting rights control the Company and make all the decisions about running its business. If they make good business decisions, it is more likely you will be paid. If they make poor business decisions, it is less likely you will be paid. For example, if they hire too many people and/or try to expand too quickly, the business could be harmed. The people with voting rights could also decide to file for bankruptcy protection, making it more difficult for you to be paid.

## How the Notes are Being Valued

The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

## (N) The Funding Portal

The Company is offering its securities through MainVest, Inc., which is a 'Funding Portal' licensed by the Securities and Exchange Commission and FINRA. MainVest Inc.'s Central Index Key (CIK) number is 0001746059, their SEC File number is 007-00162, and their Central Registration Depository (CRD) number is 298384.

## (O) Compensation of the Funding Portal

Upon successful funding of the Offering, the Funding Portal will receive as the 'Revenue Securement Fee'; 4.5% of the amount of the Offering raised by In-Network Users of the Platform plus 9.0% of the amount of the Offering raised by all other investors. 'In-Network Users' means a user of Mainvest.com who who have utilized the Company's specified in-network link on the Site.

## (P) Indebtedness of the Company

12

| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| First National Bank Alaska | $75,000 | 5% |  | $880 / month payment |
| EIEL Loan | $70,000 | 3% |  | $350 / month payment |

#### (Q) Other Offerings of Securities within the Last Three Years

The Company has not made any offerings with other third-party regulation crowdfunding companies in the past three years.

#### (R) Transactions Between the Company and “Insiders”

The Company has not entered into any business transactions, including stock Purchases, salaries, property rentals, consulting arrangements, guaranties, or other agreements with any individual identified in Section 227.201 (r)(1)-(4) of Regulation Crowdfunding during the 12 months preceding this Offering.

#### (S) The Company’s Financial Condition

##### Historical milestones

Wild Honey Bistro / City Bear Bread has been operating since April 2017 and has since achieved the following milestones:

- Opened location in Homer, Alaska
- Achieved revenue of $157,565 in 2017, which then grew to $311,461 in 2022.
- Cost of Goods Sold (COGS) has historically averaged between 60% to 65% year-over-year, for a gross profit margin of 35-40% annually.

Historical financial performance is not necessarily predictive of future performance.

##### Forecasted milestones

Wild Honey Bistro / City Bear Bread forecasts the following milestones:

- Secure Conditional Use Permit for reconstruction by March 1, 2023
- Hire for the following positions by May 2023: Bakery Assistant, Cafe Shift Manager, Summer Staff (4+)
- Achieve $553,148 revenue for 2024.
- Achieve $391,958 gross profit for 2024.
- Achieve $841,269 revenue per year by 2027.
- Achieve $588,888 gross profit per year by 2027.

Other outstanding debt or equity

13

As of February 27, 2023, Wild Honey Bistro / City Bear Bread has debt of approximately $145,000 outstanding and a cash balance of just over $30,000. This debt is sourced primarily from the mortgage on the building held by First National Bank Alaska and will be senior to any investment raised on Mainwest. In addition to the Wild Honey Bistro / City Bear Bread's outstanding debt and the debt raised on Mainwest, Wild Honey Bistro / City Bear Bread may require additional funds from alternate sources at a later date.

Financial liquidity

Wild Honey Bistro / City Bear Bread has a moderate liquidity position due to its medium cash reserves as compared to debt and other liabilities. Wild Honey Bistro / City Bear Bread expects its liquidity position to decline upon raising capital on Mainwest and deploying the capital to grow the business.

Other challenges

Wild Honey Bistro / City Bear Bread has had the following other challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

- Highly seasonal revenue - 75% of annual revenue has historically been achieved from May to October. The fall down in revenue during the Fall/Winter months means that only core staff can be retained year-round and new staff must be hired and trained each year, increasing overall labor costs. With the addition of City Bear Bread, there may be wholesale, event, and/or cooking class offerings that can be developed to mitigate the lower revenue of the Spring/Summer season, but projections have assumed continuation of the 75%/25% revenue split.
- Supply chain disruptions - Supply chain disruptions have even higher impacts in Alaska generally and for the lower Kenai Peninsula in particular. The COVID-related supply chain disruptions in 2020 and 2021 impacted the availability of ingredients, restaurant staff, and vendor services. Costs of goods is always higher on average in Alaska and disruptions to the supply chain exacerbate these effects. Further disruptions have the potential to increase Cost of Good Sold and/or impact availability of basic ingredients required to do business.

(T) The Company's Financial Statements

Please see Appendix B for historical financial statements.

Pro Forma Income Statement

In order to illustrate its future earning potential, the Company has provided a summary of its - year financial forecast. The forecast has been developed by the Company using reasonable best efforts based on their understanding of the industry and market they wish to enter. Please refer to Section (F) of this Offering Memorandum for a list of the risks associated with an investment in the Company and utilizing any pro forma provided by the Company for making investment decisions.

14

|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $447,716 | $553,148 | $636,120 | $731,538 | $841,269 |
| Cost of Goods Sold | $130,375 | $161,190 | $185,368 | $219,461 | $252,381 |
| Gross Profit | $317,341 | $391,958 | $450,752 | $512,077 | $588,888 |
| EXPENSES |  |  |  |  |  |
| Rent | $43,520 | $60,000 | $60,000 | $60,000 | $60,000 |
| Utilities | $13,038 | $16,119 | $18,537 | $21,946 | $25,238 |
| Salaries | $53,333 | $80,000 | $80,000 | $90,000 | $100,000 |
| Labor Costs | $99,954 | $123,579 | $148,295 | $182,885 | $210,317 |
| Maintenance Costs | $21,729 | $26,865 | $30,895 | $36,577 | $42,063 |
| Operating Profit | $85,767 | $85,395 | $113,025 | $120,669 | $151,270 |

#### (U) Disqualification Events

Neither The Company nor any individual identified by Section 227.503(a) of Regulation Crowdfunding is the subject of a disqualifying event as defined by Section 227.503 of Regulation Crowdfunding.

#### Explanation

A company is not allowed to raise money using Regulation Crowdfunding if certain designated people associated with the Company (including its directors or executive officers) committed certain prohibited acts (mainly concerned with violations of the securities laws) on or after May 16, 2016. (You can read more about these rules in the Educational Materials.) This item requires a company to disclose whether any of those designated people committed any of those prohibited acts before May 16, 2016.

#### (V) Updates on the Progress of the Offering

To track the investment commitments we've received in this Offering, click to see the Progress Bar.

#### (W) Annual Reports for the Company

The Company will file a report with the Securities and Exchange Commission annually and post the report on our website no later than 120 days after the end of each fiscal year. It's possible that at some point, the Company will not be required to file any more annual reports. We will notify you if that happens.

#### (X) Our Compliance with Reporting Obligations

The Company has never raised money using Regulation Crowdfunding before, and therefore has never been required to file any reports.

15

# **(Y) Other Information Prospective Investors Should Know About**

The Issuer may offer “Perks” as a means of showing appreciation to investors for supporting small community businesses. The offering of “Perks” by issuers is done purely on a voluntary basis and have no influence upon the terms of the Offering. As such, Investor “Perks” are not contractual conditions governed by “the Note” and are not enforceable under “the Note”.

# **Additional Information Included in the Form C**

|  | Most recent fiscal year-end (tax returns) | Prior fiscal year-end (tax returns) |
| --- | --- | --- |
| Total Assets | $353,167.34 | $342,226.58 |
| Cash & Cash Equivalents | $0 | $22,701.17 |
| Accounts Receivable | $0 | $0.00 |
| Short-term Debt | $67,880.60 | $96,616.06 |
| Long-term Debt | $253,336.09 | $233,999.17 |
| Revenues/Sales | $302,503.92 | $285,813.07 |
| Cost of Goods Sold | $86,303.71 | $63,866.20 |
| Taxes Paid | $0 | $0 |
| Net Income | $53,146.22 | $95,594.71 |

Jurisdictions in which the Company intends to offer the securities:

AL, AK, AZ, AR, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, B5, GU, PR, VI, 1V

16

**Attachment 2:** `wildhoney_appxa.pdf`

# APPENDIX A: INVESTMENT RISKS

1

## YOU MIGHT LOSE YOUR MONEY

When you buy a certificate of deposit from a bank, the Federal government (through the FDIC) guarantees you will get your money back. Buying a Note is not like that at all. The ability of Wild Honey Bistro to make the payments you expect, and ultimately to give you your money back, depends on a number of factors, including many beyond our control.

## LIMITED SERVICES

Wild Honey Bistro operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

## LACK OF ACCOUNTING CONTROLS

Larger companies typically have in place strict accounting controls. Smaller companies typically lack these controls, exposing themselves to additional risk.

## COMPETITION

The market in which we operate is competitive and could become increasingly competitive with new entrants in the market. Wild Honey Bistro competes with many other businesses, both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Wild Honey Bistro's core business or the inability to compete successfully against the with other competitors could negatively affect Wild Honey Bistro's financial performance.

## RELIANCE ON MANAGEMENT

As a securities holder, you will not be able to participate in Wild Honey Bistro's management or vote on and/or influence any managerial decisions regarding Wild Honey Bistro. Furthermore, if the founders or other key personnel of Wild Honey Bistro were to leave Wild Honey Bistro or become unable to work, Wild Honey Bistro (and your investment) could suffer substantially.

## FINANCIAL FORECASTS RISKS

The financial forecasts provided by us herein are reasonable forecasts by us based upon assumption of stable economic conditions and other various assumptions regarding operations. The validity and accuracy of these assumptions will depend in large part on future events over which Wild Honey Bistro and the key persons will have no control. Changes in assumptions or their underlying facts could significantly affect the forecasts. To the extent that the assumed events do not occur, the outcome may vary significantly from the projected outcomes. Consequently, there can be no assurance that the actual operating results will correspond to the forecasts provided herein. Additionally, Wild Honey Bistro is a newly established entity and therefore has no operating history from which forecasts could be projected with.

## INABILITY TO SELL YOUR INVESTMENT

The law prohibits you from selling your securities (except in certain very limited circumstances) for 12 months after you acquire them. Even after that one-year period, a host of Federal and State securities laws may limit or restrict your ability to sell your securities. Even if you are permitted to sell, you will likely have difficulty finding a buyer because there will be no established market. Given these factors, you should be prepared to hold your investment for its full term.

2

## THE COMPANY MIGHT NEED MORE CAPITAL

Wild Honey Bistro might need to raise more capital in the future to fund/expand operations, buy property and equipment, hire new team members, market its services, pay overhead and general administrative expenses, or a variety of other reasons. There is no assurance that additional capital will be available when needed, or that it will be available on terms that are not adverse to your interests as an investor. If Wild Honey Bistro is unable to obtain additional funding when needed, it could be forced to delay its business plan or even cease operations altogether.

## CHANGES IN ECONOMIC CONDITIONS COULD HURT WILD HONEY BISTRO

Factors like global or national economic recessions, changes in interest rates, changes in credit markets, changes in capital market conditions, declining employment, changes in real estate values, changes in tax policy, changes in political conditions, and wars and other crises, among other factors are unpredictable and could negatively affect Wild Honey Bistro's financial performance or ability to continue to operate. In the event Wild Honey Bistro ceases operations due to the foregoing factors, it can not guarantee that it will be able to resume operations or generate revenue in the future.

## NO REGISTRATION UNDER SECURITIES LAWS

The Notes will not be registered with the SEC or the securities regulator of any State. Hence, neither Wild Honey Bistro nor the Notes will be subject to the same degree of regulation and scrutiny as if they were registered.

## INCOMPLETE OFFERING INFORMATION

Title III does not require us to provide you with all the information that would be required in some other kinds of securities offerings, such as a public offering of shares (for example, publicly-traded firms must generally provide investors with quarterly and annual financial statements that have been audited by an independent accounting firm). Although Title III does require extensive information, it is possible that you would make a different decision if you had more information.

## LACK OF ONGOING INFORMATION

Wild Honey Bistro will be required to provide some information to investors for at least 12 months following the offering. However, this information is far more limited than the information that would be required of a publicly-reporting company; and Wild Honey Bistro is allowed to stop providing annual information in certain circumstances.

## UNINSURED LOSSES

Although Wild Honey Bistro will carry some insurance, Wild Honey Bistro may not carry enough insurance to protect against all risks to the business. Additionally, there are some kinds of risks that are very difficult or impossible to insure against, at least at a reasonable cost. Therefore, Wild Honey Bistro could incur an uninsured loss that could damage its business.

## CHANGES IN LAWS

Changes in laws or regulations, including but not limited to zoning laws, environmental laws, tax laws, consumer protection laws, securities laws, antitrust laws, and health care laws, could negatively affect Wild Honey Bistro's financial performance or ability to continue to operate. Specifically, any additional regulation on the industry could significantly negatively affect the

3

business.

#### CONFLICT OF INTEREST WITH COMPANIES AND THEIR MANAGEMENT

In many ways, your interests and the interests of Wild Honey Bistro's management will coincide: you both want Wild Honey Bistro to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Wild Honey Bistro to act conservative to make sure they are best equipped to repay the Note obligations, while Wild Honey Bistro might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

#### FUTURE INVESTORS MIGHT HAVE SUPERIOR RIGHTS

If Wild Honey Bistro needs more capital in the future and takes on additional debt or other sources of financing, the new investors might have rights superior to yours. For example, they might have the right to be paid before you are, to receive larger distributions, to have a greater voice in management, or otherwise.

#### THE COMPANY IS NOT SUBJECT TO THE CORPORATE GOVERNANCE REQUIREMENTS OF THE NATIONAL SECURITIES EXCHANGES

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Wild Honey Bistro or management), which is responsible for monitoring Wild Honey Bistro's compliance with the law. Wild Honey Bistro will not be required to implement these and other investor protections.

#### YOU HAVE A LIMITED UPSIDE

Notes include a maximum amount you can receive. You cannot receive more than that even if Wild Honey Bistro is significantly more successful than your initial expectations.

#### YOU DO HAVE A DOWNSIDE

Conversely, if Wild Honey Bistro fails to generate enough revenue, you could lose some or all of your money.

#### PAYMENTS AND RETURN ARE UNPREDICTABLE

Because your payments are based on the revenue of Wild Honey Bistro, and the revenue of Wild Honey Bistro can go up or down (or even disappear altogether) unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

#### THE NOTES ARE UNSECURED AND UNINSURED

The Notes are not secured by any collateral, nor are they guaranteed or insured by the FDIC or any other entity.

#### SUBORDINATION

The Notes shall be subordinated to all indebtedness of Wild Honey Bistro to banks, commercial

4

finance lenders, leasing and equipment financing institutions, and/or other institutions regularly engaged in the business of lending money.

#### LACK OF GUARANTY

The Notes are not personally guaranteed by any of the founders or any other person.

#### LIMITATION OF INDIVIDUAL RIGHTS IN EVENT OF DEFAULT

In the event of a default under the Notes, you will not be able to enforce your rights individually (for example, by bringing a lawsuit). Instead, a representative will be appointed according to the procedures set forth in the Note Indenture. It's possible that you will not like the representative, or that the representative will do things you believe are wrong or misguided. If an event of default has occurred and a representative has been appointed, all of the representative's reasonable expenses must be paid before any further payments are made with respect to the Notes.

#### COVID-19 IMPACT

The ongoing COVID-19 pandemic may impact the Company's ability to generate revenue and/or continue operations. If operations are ceased due to COVID-19 restrictions, the Company can not guarantee that it will resume operations in the future.

5

**Attachment 3:** `wildhoney_appxb.pdf`

# APPENDIX B:
FINANCIAL STATEMENTS
(Unaudited)

1

# Wild Honey Bistro

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| Income |  |
| Sales | 24,911.51 |
| Square Sales | 175,643.96 |
| Total Sales | 200,555.47 |
| Sales - Discounts |  |
| Comp Meals | -44.00 |
| Discounted Meals | -1,048.97 |
| Total Sales - Discounts | -1,092.97 |
| Uncategorized Income | 86,350.57 |
| Total Income | $285,813.07 |
| Cost of Goods Sold |  |
| Cost of Goods Sold |  |
| Beer & Wine - COGS | 8,622.91 |
| Food - COGS | 47,871.02 |
| Retail COGS | 286.63 |
| Total Cost of Goods Sold | 56,780.56 |
| Other - COGS |  |
| Square Fee | 7,085.64 |
| Total Other - COGS | 7,085.64 |
| Total Cost of Goods Sold | $63,866.20 |
| GROSS PROFIT | $221,946.87 |
| Expenses |  |
| Advertising & Marketing | 4,790.45 |
| Auto | 32.33 |
| Fuel | 586.30 |
| Total Auto | 618.63 |
| Bank Charges & Fees | 323.05 |
| Building Repair & Maint | 350.00 |
| Communications |  |
| Cell Phone | 965.27 |
| Internet | 1,415.16 |
| Total Communications | 2,380.43 |
| Donations | 119.57 |
| equipment maintenance/repair | 576.35 |
| Gifts | 203.84 |
| Insurance | 3,420.96 |
| Interest Paid | 42.79 |
| Square Loan Fee | 36.26 |
| Total Interest Paid | 79.05 |

Accrual Basis Thursday, March 2, 2023 07:38 AM GMT-09:00

1/3

# Wild Honey Bistro

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| Legal & Professional Services | 13,452.72 |
| Linens/Laundry/Uniforms | 677.43 |
| Meals & Entertainment | 325.17 |
| Menu Research | 4,853.52 |
| Payroll Expenses | 968.21 |
| Bonus / Retention | 287.72 |
| Taxes | 9,170.76 |
| Tips - Credit Card | 25,936.67 |
| Wages | 7,066.94 |
| Overtime | 182.69 |
| Regular Pay | 37,706.63 |
| Salary | 8,000.00 |
| Total Wages | 52,956.26 |
| Total Payroll Expenses | 89,319.62 |
| Phase 2 remodeling - Engineering | 832.50 |
| Postage & Delivery | 139.98 |
| Purchases | 2,000.00 |
| Small Kitchen Equipment/Supplies | 422.69 |
| Storage Rental | 1,083.74 |
| Supplies | 313.04 |
| Office Supplies & Software | 1,061.65 |
| Other Restaurant Supplies/Expenses | 975.51 |
| Decor | 590.16 |
| Flatware/Serving/Glasses | 48.68 |
| Total Other Restaurant Supplies/Expenses | 1,614.35 |
| Total Supplies | 2,989.04 |
| Taxes & Licenses | 2,193.21 |
| Property Tax | 703.72 |
| Total Taxes & Licenses | 2,896.93 |
| Travel |  |
| Lodging | 789.96 |
| Transportation | 1,503.13 |
| Travel Meals | 11.20 |
| Total Travel | 2,304.29 |
| Utilities |  |
| Electric | 2,731.52 |
| Gas | 1,024.38 |
| Total Utilities | 3,755.90 |
| Total Expenses | $137,915.86 |
| NET OPERATING INCOME | $84,031.01 |

Accrual Basis Thursday, March 2, 2023 07:38 AM GMT-09:00

2/3

# Wild Honey Bistro

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| Other Expenses |  |
| ASK MELODY | -11,563.86 |
| Reconciliation Discrepancies | 0.16 |
| Total Other Expenses | $ -11,563.70 |
| NET OTHER INCOME | $11,563.70 |
| NET INCOME | $95,594.71 |

Accrual Basis Thursday, March 2, 2023 07:38 AM GMT-09:00

3/3

# Wild Honey Bistro

## Balance Sheet

As of December 31, 2020

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| Ask Accountant | -7,130.25 |
| Cash Clearing | -382.00 |
| FNBA | 31,306.24 |
| Payroll Checking | 1,258.18 |
| Pending/Clearing Account | 0.00 |
| Register - Cash | -1,937.00 |
| Trade Clearing | -414.00 |
| Total Bank Accounts | $22,701.17 |
| Accounts Receivable |  |
| Accounts Receivable (A/R) | -255.90 |
| Total Accounts Receivable | $ -255.90 |
| Other Current Assets |  |
| Inventory Asset | 6,920.56 |
| Prepaid Expenses |  |
| Insurance | 1,933.22 |
| Property Tax | 587.60 |
| WC Insurance | 2,378.00 |
| Total Prepaid Expenses | 4,898.82 |
| Retail Inventory | 584.00 |
| Uncategorized Asset | 9,114.29 |
| Undeposited Funds | 12,634.83 |
| Utility Deposit | 485.00 |
| Total Other Current Assets | $34,637.50 |
| Total Current Assets | $57,082.77 |
| Fixed Assets |  |
| Brand & Logo | 3,559.40 |
| Building | 101,500.00 |
| Leasehold Improvements | 0.00 |
| Phase 1 Remodel | 16,961.18 |
| Phase 2 remodeling | 51,724.25 |
| Computer Equipment | 1,498.94 |
| Espresso Machine | 10,861.31 |
| Furniture & Decor | 7,556.36 |
| Kitchen Supplies | 2,336.58 |
| Original Purchase Assets | 44,280.00 |
| Restaurant Equipment | 12,126.76 |
| Signage | 1,277.75 |
| Total Phase 2 remodeling | 131,661.95 |

Accrual Basis Thursday, March 2, 2023 07:30 AM GMT-09:00

1/3

|  | TOTAL |
| --- | --- |
| Total Leasehold Improvements | 148,623.13 |
| Vehicles | 8,000.00 |
| Total Fixed Assets | $261,682.53 |
| Other Assets |  |
| Goodwill | 23,461.28 |
| Total Other Assets | $23,461.28 |
| TOTAL ASSETS | $342,226.58 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accounts Payable |  |
| Accounts Payable (A/P) | -6,338.70 |
| Total Accounts Payable | $ -6,338.70 |
| Credit Cards |  |
| AK Airlines 6523 | 591.74 |
| Alaska # 6044 | -4,259.07 |
| Total Credit Cards | $ -3,667.33 |
| Other Current Liabilities |  |
| Customer Down Payment | 200.00 |
| Direct Deposit Payable | 0.00 |
| Gift Certificates Outstanding | 253.74 |
| Kenai Peninsula Borough Payable | -5,349.15 |
| Payroll Liabilities | 1,000.00 |
| AK Unemployment Tax | 2,275.59 |
| Federal Taxes (941/944) | 4,083.16 |
| Federal Unemployment (940) | 653.42 |
| Tips - Liability | 84,313.11 |
| Workmen's Comp Liability | 357.91 |
| Total Payroll Liabilities | 92,683.19 |
| Sales Tax Payable | 18,834.31 |
| Total Other Current Liabilities | $106,622.09 |
| Total Current Liabilities | $96,616.06 |
| Long-Term Liabilities |  |
| FNBA - Building Loan | 68,487.72 |
| Lewis Partner Contributions | 164,956.46 |
| Square Loan | 555.59 |
| Total Long-Term Liabilities | $233,999.77 |
| Total Liabilities | $330,615.83 |
| Equity |  |
| Member Draw | -21,844.68 |
| Lewis Member Draw | -24,659.73 |
| Melody #2 | -8,376.45 |
| Melody - Member Draw | -62,545.45 |
| Total Member Draw | -117,426.31 |
| Opening Balance Equity | 37,743.56 |

Accrual Basis Thursday, March 2, 2023 07:30 AM GMT-09:00

2/3

|  | TOTAL |
| --- | --- |
| Owner's Investment | -99,782.71 |
| Melody Partner Contributions | 106,737.90 |
| Total Owner's Investment | 6,955.19 |
| Retained Earnings | -11,256.40 |
| Net Income | 95,594.71 |
| Total Equity | $11,610.75 |
| TOTAL LIABILITIES AND EQUITY | $342,226.58 |

Accrual Basis Thursday, March 2, 2023 07:30 AM GMT-09:00

3/3

# Wild Honey Bistro

## Statement of Cash Flows

January - December 2020

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | 95,594.71 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Prepaid Expenses:Insurance | -1,845.00 |
| Uncategorized Asset | 1,071.41 |
| Leasehold Improvements:Phase 2 remodeling | -50,624.25 |
| Accounts Payable (A/P) | -888.64 |
| Alaska | -5,886.41 |
| Direct Deposit Payable | 0.00 |
| Gift Certificates Outstanding | -65.05 |
| Payroll Liabilities:AK Unemployment Tax | 748.84 |
| Payroll Liabilities:Federal Taxes (941/944) | -1,387.30 |
| Payroll Liabilities:Federal Unemployment (940) | 180.45 |
| Payroll Liabilities:Tips - Liability | 29,291.48 |
| Sales Tax Payable | 5,215.60 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | -24,188.87 |
| Net cash provided by operating activities | $71,405.84 |
| INVESTING ACTIVITIES |  |
| Leasehold Improvements:Phase 1 Remodel | -2,500.00 |
| Leasehold Improvements:Phase 2 remodeling:Espresso Machine | -5,250.00 |
| Net cash provided by investing activities | $ -7,750.00 |
| FINANCING ACTIVITIES |  |
| FNBA - Building Loan | -9,775.04 |
| Square Loan | -28,729.33 |
| Member Draw | 84.22 |
| Member Draw:Melody #2 | -327.92 |
| Member Draw:Melody - Member Draw | -35,038.79 |
| Opening Balance Equity | 26,243.56 |
| Owner's Investment | 1,035.57 |
| Net cash provided by financing activities | $ -46,507.73 |
| NET CASH INCREASE FOR PERIOD | $17,148.11 |
| Cash at beginning of period | 18,187.89 |
| CASH AT END OF PERIOD | $35,336.00 |

Thursday, March 2, 2023 08:04 AM GMT-09:00

1/1

# Wild Honey Bistro

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Income |  |
| Discount Income | -228.85 |
| Sales | 108,552.98 |
| Cash Deposits - Daily | 29,734.78 |
| Total Sales | 138,287.76 |
| Sales of Product Income | 87,660.44 |
| Square Direct Deposits | 65,356.26 |
| Uncategorized Income | 11,428.31 |
| Total Income | $302,503.92 |
| Cost of Goods Sold |  |
| Cost of Goods Sold | 25,938.33 |
| Beer & Wine - COGS | 4,885.55 |
| Food - COGS | 42,072.83 |
| Retail COGS | 13,089.00 |
| Total Cost of Goods Sold | 85,985.71 |
| Other - COGS |  |
| Square Fee | 318.00 |
| Total Other - COGS | 318.00 |
| Total Cost of Goods Sold | $86,303.71 |
| GROSS PROFIT | $216,200.21 |
| Expenses |  |
| Advertising & Marketing | 1,812.10 |
| Auto |  |
| Fuel | 24.56 |
| Total Auto | 24.56 |
| Bank Charges & Fees | 112.21 |
| Building Repair & Maint | 4,686.73 |
| Communications |  |
| Cell Phone | 680.08 |
| Internet | 1,187.83 |
| Total Communications | 1,867.91 |
| Employee Meals | 493.33 |
| equipment maintenance/repair | 175.99 |
| Flatware/Serving/Glassesa | 41.15 |
| Insurance | 353.46 |
| Auto Insurance | 353.19 |
| Commercial Liability | 4,995.48 |
| Total Insurance | 5,702.13 |

Accrual Basis Thursday, March 2, 2023 07:40 AM GMT-09:00

1/3

# Wild Honey Bistro

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Interest Paid | 15.28 |
| Square Loan Fee | 0.56 |
| Total Interest Paid | 15.84 |
| Legal & Professional Services | 2,227.59 |
| License & Fees | 632.50 |
| Linens/Laundry/Uniforms | 1,819.78 |
| Menu Research | 2,857.49 |
| Other Business Expenses | 14.00 |
| Payroll Expenses | 89,640.87 |
| Taxes | 27,181.42 |
| Wages |  |
| Salary | 6,000.00 |
| Total Wages | 6,000.00 |
| Total Payroll Expenses | 122,822.29 |
| Phase 1.5 2021 Remodel | 7,167.58 |
| Postage & Delivery | 345.39 |
| Reimbursable Expenses | 345.30 |
| Small Kitchen Equipment/Supplies | 1,327.60 |
| Square Fees | 1,702.47 |
| Storage Rental | 4,954.24 |
| Subscriptions | 401.78 |
| Supplies | 105.12 |
| Cleaning Supplies | 59.39 |
| Office Supplies & Software | 562.86 |
| Hardware | 849.15 |
| Total Office Supplies & Software | 1,412.01 |
| Other Restaurant Supplies/Expenses |  |
| Flatware/Serving/Glasses | 33.78 |
| Total Other Restaurant Supplies/Expenses | 33.78 |
| Total Supplies | 1,610.30 |
| Taxes & Licenses | 300.00 |
| Property Tax | 2,154.75 |
| Total Taxes & Licenses | 2,454.75 |
| Travel |  |
| Lodging | 249.24 |
| Transportation | 3,075.88 |
| Total Travel | 3,325.12 |
| Uncategorized Expense | 19,203.95 |

Accrual Basis Thursday, March 2, 2023 07:40 AM GMT-09:00

2/3

# Wild Honey Bistro

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Utilities | 351.90 |
| Electric | 3,711.06 |
| Garbage/Disposal | 731.26 |
| Gas | 978.67 |
| Snowplowing | 602.55 |
| Total Utilities | 6,375.44 |
| Total Expenses | $194,519.52 |
| NET OPERATING INCOME | $21,680.69 |
| Other Income |  |
| Interest Earned | 0.32 |
| SBA Grants | 12,031.76 |
| Total Other Income | $12,032.08 |
| Other Expenses |  |
| Art Sales | 652.00 |
| Miscellaneous Expense | 569.74 |
| Reconciliation Discrepancies | -21,300.60 |
| Unknown Expenses | 645.41 |
| Total Other Expenses | $ -19,433.45 |
| NET OTHER INCOME | $31,465.53 |
| NET INCOME | $53,146.22 |

Accrual Basis Thursday, March 2, 2023 07:40 AM GMT-09:00

3/3

# Wild Honey Bistro

## Balance Sheet

As of December 31, 2021

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| Ask Accountant | -7,130.25 |
| Cash Clearing | -382.01 |
| Credit Card Buffer | -1,582.74 |
| FNBA | 6,803.08 |
| Payroll Checking | 7.00 |
| Pending/Clearing Account | 0.00 |
| Register - Cash | -1,637.00 |
| Trade Clearing | -414.00 |
| Total Bank Accounts | $ -4,335.92 |
| Accounts Receivable |  |
| Accounts Receivable (A/R) | -255.90 |
| Total Accounts Receivable | $ -255.90 |
| Other Current Assets |  |
| Inventory Asset | 6,920.56 |
| Prepaid Expenses |  |
| Insurance | 1,933.22 |
| Property Tax | 587.60 |
| WC Insurance | 2,378.00 |
| Total Prepaid Expenses | 4,898.82 |
| Retail Inventory | 584.00 |
| Uncategorized Asset | 30,459.40 |
| Undeposited Funds | 12,634.83 |
| Utility Deposit | 485.00 |
| Total Other Current Assets | $55,982.61 |
| Total Current Assets | $51,390.79 |
| Fixed Assets |  |
| Brand & Logo | 3,559.40 |
| Building | 101,500.00 |
| Leasehold Improvements | 270.00 |
| Phase 1 Remodel | 16,961.18 |
| Phase 2 remodeling | 62,581.25 |
| Computer Equipment | 1,767.86 |
| Espresso Machine | 10,861.31 |
| Furniture & Decor | 7,588.68 |
| Kitchen Supplies | 2,336.58 |
| Original Purchase Assets | 44,280.00 |
| Restaurant Equipment | 17,331.66 |
| Signage | 1,277.75 |

Accrual Basis Thursday, March 2, 2023 07:32 AM GMT-09:00

1/3

|  | TOTAL |
| --- | --- |
| Total Phase 2 remodeling | 148,025.09 |
| Total Leasehold Improvements | 165,256.27 |
| Vehicles | 8,000.00 |
| Total Fixed Assets | $278,315.67 |
| Other Assets |  |
| Goodwill | 23,461.28 |
| Total Other Assets | $23,461.28 |
| TOTAL ASSETS | $353,167.74 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accounts Payable |  |
| Accounts Payable (A/P) | -5,450.06 |
| Total Accounts Payable | $ -5,450.06 |
| Credit Cards |  |
| AK Airlines 6523 | 46.74 |
| AKUSA Visa | -13,953.84 |
| Alaska # 6044 | -11,463.17 |
| Total Credit Cards | $ -25,370.27 |
| Other Current Liabilities |  |
| Alaska, Kenai Peninsula Borough Payable | 3,681.99 |
| Customer Down Payment | 200.00 |
| Direct Deposit Payable | 0.00 |
| Gift Certificates Outstanding | 708.74 |
| Kenai Peninsula Borough Payable | -5,349.15 |
| Payroll Liabilities | 1,000.00 |
| AK Unemployment Tax | 2,275.59 |
| Federal Taxes (941/944) | 3,100.08 |
| Federal Unemployment (940) | 472.97 |
| Tips - Liability | 84,313.11 |
| Workmen's Comp Liability | 357.91 |
| Total Payroll Liabilities | 91,519.66 |
| Sales Tax Payable | 82.52 |
| Tips | 7,857.17 |
| Total Other Current Liabilities | $98,700.93 |
| Total Current Liabilities | $67,880.60 |
| Long-Term Liabilities |  |
| FNBA - Building Loan | 57,824.04 |
| Lewis Partner Contributions | 164,956.46 |
| Square Loan | 30,555.59 |
| Total Long-Term Liabilities | $253,336.09 |
| Total Liabilities | $321,216.69 |

Accrual Basis Thursday, March 2, 2023 07:32 AM GMT-09:00

2/3

|  | TOTAL |
| --- | --- |
| Equity |  |
| Member Draw | -23,741.31 |
| Lewis Member Draw | -24,659.73 |
| Melody #2 | -8,376.45 |
| Melody - Member Draw | -92,357.00 |
| Total Member Draw | -149,134.49 |
| Opening Balance Equity | 36,645.82 |
| Owner's Investment | -99,782.71 |
| Melody Partner Contributions | 106,737.90 |
| Total Owner's Investment | 6,955.19 |
| Retained Earnings | 84,338.31 |
| Net Income | 53,146.22 |
| Total Equity | $31,951.05 |
| TOTAL LIABILITIES AND EQUITY | $353,167.74 |

Accrual Basis Thursday, March 2, 2023 07:32 AM GMT-09:00

3/3

# Wild Honey Bistro

## Statement of Cash Flows

January - December 2021

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | 53,146.22 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Uncategorized Asset | -21,345.11 |
| Leasehold Improvements:Phase 2 remodeling | -10,857.00 |
| Accounts Payable (A/P) | 888.64 |
| AK Airlines | -545.00 |
| AKUSA Visa | -13,953.84 |
| Alaska | -7,204.10 |
| Alaska, Kenai Peninsula Borough Payable | 3,681.99 |
| Direct Deposit Payable | 0.00 |
| Gift Certificates Outstanding | 455.00 |
| Payroll Liabilities:AK Unemployment Tax | 0.00 |
| Payroll Liabilities:Federal Taxes (941/944) | -983.08 |
| Payroll Liabilities:Federal Unemployment (940) | -180.45 |
| Sales Tax Payable | -18,751.79 |
| Tips | 7,857.17 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | -60,937.57 |
| Net cash provided by operating activities | $ -7,791.35 |
| INVESTING ACTIVITIES |  |
| Leasehold Improvements | -270.00 |
| Leasehold Improvements:Phase 2 remodeling:Computer Equipment | -268.92 |
| Leasehold Improvements:Phase 2 remodeling:Furniture & Decor | -32.32 |
| Leasehold Improvements:Phase 2 remodeling:Restaurant Equipment | -5,204.90 |
| Net cash provided by investing activities | $ -5,776.14 |
| FINANCING ACTIVITIES |  |
| FNBA - Building Loan | -10,663.68 |
| Square Loan | 30,000.00 |
| Member Draw | -1,896.63 |
| Member Draw:Melody - Member Draw | -29,811.55 |
| Opening Balance Equity | -1,097.74 |
| Net cash provided by financing activities | $ -13,469.60 |
| NET CASH INCREASE FOR PERIOD | $ -27,037.09 |
| Cash at beginning of period | 35,336.00 |
| CASH AT END OF PERIOD | $8,298.91 |

Thursday, March 2, 2023 08:05 AM GMT-09:00

1/1

I, Melody Dawn Livingston, certify that:

1. The financial statements of Broad Point, LLC included in this Form are true and complete in all material respects; and
2. The tax return information of Broad Point, LLC included in this Form reflects accurately the information reported on the tax return for Broad Point, LLC for the fiscal years ended 2020 and 2021 (most recently available as of the Date of this Form C).

Signature Melody Dawn Livingston

Name: Melody Dawn Livingston

Title: Owner / Operator

1

**Attachment 4:** `wildhoney_rsn.pdf`

![img-0.jpeg](img-0.jpeg)

## INVESTMENT AGREEMENT

facilitated by

![img-1.jpeg](img-1.jpeg)

1

# INVESTMENT AGREEMENT

This is an Investment Agreement, by and between **Broad Point, LLC** (the “Company”) and the purchaser identified on the Investor Information Sheet (“Purchaser”).

## BACKGROUND

Purchaser wishes to purchase a Revenue Sharing Note issued by the Company through www.Mainvest.com (the “Site”). NOW, THEREFORE, acknowledging the receipt of adequate consideration and intending to be legally bound, the parties hereby agree as follows:

### 1. Defined Terms

Capitalized terms that are not otherwise defined in this Investment Agreement have the meanings given to them in the Company’s Form C and its attachments, all available at the Site. In this Investment Agreement, we refer to the Form C and its attachments as the “Disclosure Document.” We sometimes refer to the Company using terms like “we” or “us,” and to Purchaser using terms like “you” or “your.”

### 2. Purchase of Note

Subject to the terms and conditions of this Investment Agreement, the Company hereby agrees to sell to you, and you hereby agree to purchase from the Company, a promissory note as described in the Disclosure Document, in the amount set forth on the Investor Information Sheet. We refer to your promissory note as the “Note.”

### 3. No Right to Cancel

You do not have the right to cancel your subscription or change your mind. Once you sign this Investment Agreement, you are obligated to purchase the Note, no matter what, even if the Offering is over-subscribed and the amount of your Note is reduced.

### 4. Our Right to Reject Investment

In contrast, we have the right to reject your subscription for any reason or for no reason, in our sole discretion. If we reject your subscription, any money you have given us will be returned to you.

### 5. Your Promises

You promise that:

#### 5.1. Accuracy of Information

All of the information you have given to us, whether in this Investment Agreement, at the Site, or otherwise, is accurate and we may rely on it. If any of the information you have given to us changes before we accept your subscription, you will notify us immediately. If any of the information you have given to us is inaccurate and we are harmed as a result, you will indemnify us, meaning you will pay any damages.

#### 5.2. Review of Information

You have read and understand the Disclosure Document. Without limiting that sentence, you have read and understand the Note and the Revenue Sharing Agreement.

#### 5.3. Risks

2

You understand all the risks of investing, including the risk that you could lose all your money. Without limiting that statement, you have reviewed and understand all the risks listed in the Educational Materials at the Site and in the Disclosure Document.

#### 5.4. No Representations

Nobody has made any promises or representations to you, except the information in the Disclosure Document. Nobody has guaranteed any financial outcome of your investment.

#### 5.5. Opportunity to Ask Questions

You have had the opportunity to ask questions about the Company and the investment. All your questions have been answered to your satisfaction.

#### 5.6. Your Legal Power to Sign and Invest

You have the legal power to sign this Investment Agreement and purchase the Note.

#### 5.7. No Government Approval

You understand that no state or federal authority has reviewed this Investment Agreement or the Note or made any finding relating to the value or fairness of the investment.

#### 5.8. No Transfer

You understand that under the terms of the Revenue Sharing Agreement, the Note may not be transferred without our consent. Also, securities laws limit transfer of the Note. Finally, there is currently no market for the Note, meaning it might be hard to find a buyer. As a result, you should be prepared to hold the Note through its maturity.

#### 5.9. No Advice

We have not provided you with any investment, financial, or tax advice. Instead, we have advised you to consult with your own legal and financial advisors and tax experts.

#### 5.10. Tax Treatment

We have not promised you any particular tax outcome from buying or holding the Note.

#### 5.11. Acting On Your Own Behalf

You are acting on your own behalf in purchasing the Note, not on behalf of anyone else.

#### 5.12. Investment Purpose

You are purchasing the Note solely as an investment, not with an intent to re-sell or “distribute” any part of it.

#### 5.13. Anti-Money Laundering Laws

Your investment will not, by itself, cause the Company to be in violation of any “anti-money laundering” laws, including, without limitation, the United States Bank Secrecy Act, the United States Money Laundering Control Act of 1986, and the United States International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001.

#### 5.14. Additional Information

3

At our request, you will provide further documentation verifying the source of the money used to purchase the Note.

#### 5.15. Disclosure

You understand that we may release confidential information about you to government authorities if we determine, in our sole discretion after consultation with our lawyer, that releasing such information is in the best interest of the Company or if we are required to do so by such government authorities.

#### 5.16. Additional Documents

You will execute any additional documents we request if we reasonably believe those documents are necessary or appropriate and explain why.

#### 5.17. No Violations

Your purchase of the Note will not violate any law or conflict with any contract to which you are a party.

#### 5.18. Enforceability

This Investment Agreement is enforceable against you in accordance with its terms.

#### 5.19. No Inconsistent Statements

No person has made any oral or written statements or representations to you that are inconsistent with the information in this Investment Agreement and the Disclosure Materials.

#### 5.20. Financial Forecasts

You understand that any financial forecasts or projections are based on estimates and assumptions we believe to be reasonable but are highly speculative. Given the industry, our actual results may vary from any forecasts or projections.

#### 5.21. Notification

If you discover at any time that any of the promises in this section 5 are untrue, you will notify us right away.

#### 5.22. Additional Promises by Individuals

If you are a natural person (not an entity), you also promise that:

##### 5.22.1. U.S. Citizen or Resident

You are a citizen or permanent resident (green card) of the United States.

##### 5.22.2. Financial Wherewithal

You can afford this investment, even if you lose your money. You don't rely on this money for your current needs, like rent or utilities.

##### 5.22.3. Anti-Terrorism and Money Laundering Laws

None of the money used to purchase the Note was derived from or related to any activity

4

that is illegal under United States law, and you are not on any list of “Specially Designated Nationals” or known or suspected terrorists that has been generated by the Office of Foreign Assets Control of the United States Department of Treasury (“OFAC”), nor are you a citizen or resident of any country that is subject to embargo or trade sanctions enforced by OFAC.

## 6. Confidentiality

The information we have provided to you about the Company, including the information in the Disclosure Document, is confidential. You will not reveal such information to anyone or use such information for your own benefit, except to purchase the Note.

## 7. Re-Purchase of Note

If we decide that you provided us with inaccurate information or have otherwise violated your obligations, or if required by any applicable law or regulation related to terrorism, money laundering, and similar activities, we may (but shall not be required to) repurchase your Note for an amount equal to the principal amount outstanding.

## 8. Governing Law

Your relationship with us shall be governed by Massachusetts law, without taking into account principles of conflicts of law.

## 9. Arbitration

### 9.1. Right to Arbitrate Claims

If any kind of legal claim arises between us as a result of your purchase of the Note, either of us will have the right to arbitrate the claim, rather than use the courts. There are only three exceptions to this rule. First, we will not invoke our right to arbitrate a claim you bring in Small Claims Court or an equivalent court, if any, so long as the claim is pending only in that court. Second, we have the right to seek an injunction in court if you violate or threaten to violate your obligations. Third, disputes arising under the Note or the Revenue Sharing Agreement will be handled in the manner described in the Revenue Sharing Agreement.

### 9.2. Place of Arbitration; Rules

All arbitration will be conducted in Massachusetts unless we agree otherwise in writing in a specific case. All arbitration will be conducted before a single arbitrator in accordance with the rules of the American Arbitration Association.

### 9.3. Appeal of Award

Within thirty (30) days of a final award by the single arbitrator, you or we may appeal the award for reconsideration by a three-arbitrator panel. If you or we appeal, the other party may cross-appeal within thirty (30) days after notice of the appeal. The panel will reconsider all aspects of the initial award that are appealed, including related findings of fact.

### 9.4. Effect of Award

Any award by the individual arbitrator that is not subject to appeal, and any panel award on appeal, shall be final and binding, except for any appeal right under the Federal Arbitration Act, and may be entered as a judgment in any court of competent jurisdiction.

5

### 9.5. No Class Action Claims

NO ARBITRATION SHALL PROCEED ON A CLASS, REPRESENTATIVE, OR COLLECTIVE BASIS. No party may join, consolidate, or otherwise bring claims for or on behalf of two or more individuals or unrelated corporate entities in the same arbitration unless those persons are parties to a single transaction. An award in arbitration shall determine the rights and obligations of the named parties only, and only with respect to the claims in arbitration, and shall not (i) determine the rights, obligations, or interests of anyone other than a named party, or resolve any claim of anyone other than a named party, or (ii) make an award for the benefit of, or against, anyone other than a named party. No administrator or arbitrator shall have the power or authority to waive, modify, or fail to enforce this paragraph, and any attempt to do so, whether by rule, policy, arbitration decision or otherwise, shall be invalid and unenforceable. Any challenge to the validity of this paragraph shall be determined exclusively by a court and not by the administrator or any arbitrator. If this paragraph shall be deemed unenforceable, then any proceeding in the nature of a class action shall be handled in court, not in arbitration.

### 10. Consent to Electronic Delivery

You agree that we may deliver all notices, tax reports and other documents and information to you by email or another electronic delivery method we choose. You agree to tell us right away if you change your email address or home mailing address so we can send information to the new address.

### 11. Notices

All notices between us will be electronic. You will contact us by email at the address indicated on the Company Signature Page below. We will contact you by email at the email address below. Either of us may change our email address by notifying the other (by email). Any notice will be considered to have been received on the day it was sent by email, unless the recipient can demonstrate that a problem occurred with delivery. You should designate our email address as a “safe sender” so our emails do not get trapped in your spam filter.

### 12. Limitations on Damages

WE WILL NOT BE LIABLE TO YOU FOR ANY LOST PROFITS OR SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, EVEN IF YOU TELL US YOU MIGHT INCUR THOSE DAMAGES. This means that at most, you can sue us for the amount of your investment. You can’t sue us for anything else.

### 13. Waiver of Jury Rights

IN ANY DISPUTE WITH US, YOU AGREE TO WAIVE YOUR RIGHT TO A TRIAL BY JURY. This means that any dispute will be heard by an arbitrator or a judge, not a jury.

### 14. Miscellaneous Provisions

#### 14.1. No Transfer

You may not transfer your rights or obligations.

#### 14.2. Right to Legal Fees

If we have a legal dispute with you, the losing party will pay the costs of the winning party, including reasonable legal fees.

#### 14.3. Headings

6

The headings used in this Investment Agreement (e.g., the word “Headings” in this paragraph), are used only for convenience and have no legal significance.

#### 14.4. No Other Agreements

This Investment Agreement and the Exhibits attached hereto are the only agreements between us.

#### 14.5 Electronic Signature

You will sign this Investment Agreement electronically, rather than physically.

7

# COMPANY SIGNATURE PAGE

Intending to be bound by this Investment Agreement and the Exhibits attached hereto, the Company has executed this document:

Signature: Melody Dawn Livingston
Name: Melody Dawn Livingston
Title: Owner / Operator
Date: 03/03/2023
Email Address: eat@wildhoneybistro.com

8

# INVESTOR INFORMATION SHEET

*If Purchaser is an entity*

Name of Purchaser: ____________________ Name of Affiliated Person: ____________________

Email Address: ____________________ Title: ____________________

Mailing Address: ____________________ State of Organization: ____________________

____________________
____________________

# ADDITIONAL TERMS

Investment Amount: ____________________

Revenue Percentage: ____________________

Principal Amount: ____________________

Purchaser Percentage: ____________________

# INVESTOR SIGNATURE

Signature: ____________________

Date: ____________________

9

# EXHIBIT A

## REVENUE SHARING NOTE

THIS REVENUE SHARING NOTE (THE “NOTE”) HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR UNDER ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR TRANSFERRED WITHOUT THE CONSENT OF THE COMPANY AND COMPLYING WITH SECURITIES LAWS.

THIS NOTE REPRESENTS THE OBLIGATION OF **Broad Point, LLC** (THE “COMPANY”) AND WAS ISSUED PURSUANT TO (i) AN OFFERING MEMORANDUM FILED WITH THE SEC IN CONJUNCTION WITH THE COMPANY’S FORM C, AND (ii) THE INVESTMENT AGREEMENT, WHICH ARE AVAILABLE FOR REVIEW AT WWW.MAINVEST.COM (THE “SITE”).

CAPITALIZED TERMS THAT ARE NOT OTHERWISE DEFINED IN THIS NOTE HAVE THE MEANINGS GIVEN TO THEM IN THOSE DOCUMENTS.

| Issuer | Broad Point, LLC |
| --- | --- |
| Maximum Payment Multiple 2 - Early Investors - All Other Investors | 1.7 x 1.6 x |
| Revenue Percentage 1 | 2.1 - 5.0% |
| Payment Frequency | Quarterly |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Maturity Date | 09/30/2029 |
| Accrual Rate | 3.65% |

$^{1}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 2.1% and a maximum rate of 5.0% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases.

$^{2}$ To reward early participation, the investors who contribute the first $50,000.0 raised in the offering will receive a 1.7x cap. Investors who contribute after $50,000.0 has been raised in the offering will receive a 1.6x cap.

10

## 1. Revenue Sharing Agreement

This Note is subject to the Company's Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.

## 2 Payment Obligation

### 2.1 First Payment

On the First Payment Date, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage (as defined in the Investor Information Sheet above), multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period beginning on the Sharing Start Date and ending on the last day of the month before the First Payment Date.

### 2.2. Subsequent Quarterly Payments

On the date three (3) months following the First Payment Date, and on each three (3) month anniversary thereafter, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period of three (3) months beginning immediately on the day after the previous calculation.

### 2.3. Prepayment

At any time, without notice to Purchaser, The Company may pay to Purchaser any amount in excess of the payments required by sections 2.1 and 2.2.

### 2.4. Termination of Payments

Notwithstanding section 2.2, no payments shall be due to Purchaser after Purchaser has received an aggregate amount under this Note, including payments made by the Company pursuant to section 2.3, equal to (i) the Principal Amount (as defined in the Investor Information Sheet above), multiplied by (ii) the Maximum Payment Multiple. We refer to the result of this multiplication as the 'Maximum Payment Amount.'

### 2.5. Payment on Maturity Date

Unless payments have already terminated as a result of section 2.4, on the Maturity Date the Company shall pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

### 2.6. Payment on Change of Control

#### 2.6.1. General Rule

If the Company experiences a Change of Control, then the Company shall promptly pay to Purchaser an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3.

#### 2.6.2 Change of Control Defined

For purposes of this Note, the term 'Change of Control' means (i) the sale, transfer

11

or other disposition of all or substantially all of the Company's assets and business; or (ii) the sale, transfer or other disposition of outstanding securities of the Company representing at least Fifty Percent (50%) of the voting power of the Company; or (iii) a merger or consolidation of the Company with or into another entity, such as another limited liability or corporation, except a merger or consolidation in which the owners of the Company's equity securities immediately before such merger or consolidation continue to own securities representing more than Fifty Percent (50%) of the voting power of the Company or the surviving or acquiring entity; or (iv) the liquidation, dissolution or winding up of the Company. It does not mean a change in the corporate form of the Company, e.g., a change from a limited liability company to a corporation, or a change in the jurisdiction of the Company's organization.

### 2.7. Total Revenue Defined

The 'Total Revenue' of the Company for any period means the gross sales price of all merchandise, gift or merchandise certificates, or services sold by the Company during the period, using the same method of accounting used for Federal income tax purposes, reduced by (i) the sales price of all merchandise returned by customers and accepted for full credit or the amount of discounts and allowances made on such merchandise to the extent previously included in revenue; (ii) the amount of any sales taxes, so-called luxury taxes, consumers' excise taxes, gross receipts taxes, and other similar taxes imposed upon the sale of merchandise or services, but only if collected separately from the selling price of merchandise or services and collected from customers and paid to the taxing authority; (iii) the amount of any sales of fixtures, equipment, or other property which are not stock in trade of the Company; (iv) the amount of any sales of gift or merchandise certificates until converted to a sale by redemption for actual merchandise or services; (v) any cash or credit discount, allowance, or refund made upon any sales; and (vi) tips or gratuities paid by customers to or for the benefit of the Company's employees which are retained by the Company's employees.

### 3. Nature of Obligation

For all purposes, including but limited to Federal and State tax purposes, this Note shall be treated as a debt and not as an equity interest.

### 4) Treatment of Interest

For Federal and State tax purposes (i) interest shall accrue at the Accrual Rate, and (ii) payments made pursuant to section 2 shall first be treated as interest, up to the amount of interest so accrued, then shall be treated as principal, until Purchaser has received, as principal, the entire Principal Amount, and then shall be treated as interest.

### 5) No Violation of Usury Laws

If any payment required under this Note would otherwise violate any law limiting the amount of interest that may be charged (i.e., 'usury' laws), then, notwithstanding section 3, the amount in excess of the allowable interest payment shall be deemed to be a direct interest in the Company's income, and not as interest.

### 6) Consequences of Default

Upon the occurrence of any Event of Default, as defined in the Revenue Sharing Agreement:

6.1 Any unpaid amounts under section 2 shall bear interest at one and one-quarter percent (1.25%) per month;

12

6.2. Purchaser may immediately demand from Company an amount equal to the Maximum Payment Amount minus the aggregate of all payments made by the Company to Purchaser under this Note, including payments made by the Company pursuant to section 2.3; and

6.3. Purchaser may exercise any other remedy available in the Revenue Sharing Agreement or by law.

13

# EXHIBIT B

## REVENUE SHARING AGREEMENT

This Revenue Sharing Agreement is entered into by **Broad Point, LLC** (the “Company”) and each person who acquires a Revenue Sharing Note referencing this Revenue Sharing Agreement (a “Holder”). Background A. The Company sold Revenue Sharing Notes (the “Notes”) to the Holders through Mainvest, Inc. (the “Portal”) at www.Mainvest.com (the “Site”). B. This Revenue Sharing Agreement sets forth certain terms applicable to the Notes that are not set forth in the Notes themselves. NOW, THEREFORE, acknowledging the receipt of adequate consideration and intending to be legally bound, the parties hereby agree as follows:

#### 1. Application of this Revenue Sharing Agreement to Notes

The terms of this Revenue Sharing Agreement shall apply to each Note as if the terms of this Revenue Sharing Agreement were fully set forth in each Note.

#### 2. Pro Rata Payments

Payments to the Holders shall be pro rata with other Holders who purchased Notes in the same offering, based on the Principal Amount of each such Note. If a Holder receives a payment in excess of his, her, or its pro rata share, the excess shall be deemed to be held in trust for the benefit of other Holders.

#### 3. Form of Payments

All payments to Holders will be made as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

#### 4. Withholding

If any withholding tax is imposed on any payment made by the Company to a Holder pursuant to a Note, such tax shall reduce the amount otherwise payable with respect to such payment. Upon request of the Company, the Holder shall provide the Company with an Internal Revenue Service Form W-9 or other similar withholding certificate of a State, local or foreign governmental authority such that the Company may make payments under the Note without deduction for, or at a reduced rate of deduction for, any tax.

#### 5. Voting Rights

Ownership of a Note does not give the Holder the right to vote or otherwise participate in the management of the Company.

#### 6. Restrictions on Holders

No Holder may, under any circumstances (i) take any action to collect a Note, except as provided in this Revenue Sharing Agreement; or (ii) record, or try to record, a Note or any other instrument relating to a Note.

#### 7. Transfers of Notes

##### 7.1. Conditions on Permitted Transfers

In the event a Holder proposes to sell or transfer a Note, the Company may, but shall not be required to, impose reasonable conditions on such sale or transfer including, but not limited,

14

to: (i) Notes may be transferred only in whole units, i.e., fractions of Notes may not be transferred; (ii) the transferee shall agree in writing to be bound by this Revenue Sharing Agreement; (iii) the transferor shall provide the Company with an opinion of counsel, satisfactory in form and substance to the Company's counsel, stating that the transfer is exempt from registration under the Securities Act of 1933 and other applicable securities laws; and (iv) the transferor and transferee shall together pay in advance for any reasonable expenses the Company expects to incur in connection with the transfer, including attorneys' fees.

## 7.2. First Right of Refusal

### 7.2.1. In General

In the event a Holder (the 'Selling Holder') desires to sell or otherwise transfer one or more Notes (the 'Transfer Notes') to a third party, he, she, or it shall notify the Company, specifying the Note(s) to be transferred, the purchase price, the form of consideration, and all other material terms, as well as a copy of the legally-binding, non-contingent agreement setting forth such terms (the 'Sales Notice'). Within thirty (30) days after receipt of the Sales Notice, the Company shall notify the Selling Holder whether the Company or a person designated by the Company elects to purchase all (but not less than all) of the Transfer Notes. If the Company has not elected to purchase all of the Transfer Notes within the thirty (30) day period described above, the Selling Holder may proceed with the sale to the proposed purchaser, subject to section 5.1. If the Company does not elect to purchase the Transfer Notes within the thirty (30) day period described above, and the Selling Holder and the purchaser subsequently agree to a reduction of the purchase price, a change in the consideration from cash or readily tradeable securities to deferred payment obligations or non-tradeable securities, or any other material change to the terms set forth in the Sales Notice, such agreement between the Selling Holder and the purchaser shall be treated as a new offer and shall again be subject to this section.

### 7.2.2. Exception

This section 7.2 (the Company's first right of refusal) will not apply to a transfer by a Holder to or for the benefit of the Holder's spouse, child, or grandchild, or to a trust for their exclusive benefit. However, the transferee must sign a document agreeing to be bound by all of the terms and conditions of this Revenue Sharing Agreement, and the transferee may not transfer the Note under this section 7.2.2.

## 8. No Security Interest

Holders shall have no security interest in any of the Company's assets or other collateral. Nothing in this Revenue Sharing Agreement or in the Notes, express or implied, shall be construed to constitute a security interest under the Uniform Commercial Code or similar legislation, now in effect or hereafter enacted and made effective, in any jurisdiction.

## 9. Subordination

Each Note shall be subordinated to all indebtedness of the Company to banks, commercial finance lenders, leasing and equipment financing institutions and/or other institutions regularly engaged in the business of lending money.

## 10. Amendment

15

Each Note and this Revenue Sharing Agreement may be amended with the written consent of (i) the Company, and (ii) Holders who own more than fifty percent (50%) of all such Notes issued in the same offering.

#### 11. No Pre-Emptive Rights

If the Company raises more capital following the offering in which the Notes were issued, the Company might offer to Holders the opportunity to invest, but will not be required to do so. This means the Holders do not have 'pre-emptive rights' to invest.

#### 12. Waivers

The Company hereby waives presentment for payment, demand, notice of dishonor, protest and notice of protest of this Note and all other notices in connection with delivery, acceptance, performance, default or enforcement of the payment of this Note. Liability hereunder shall be unconditional and shall not be affected in any manner by any indulgence, extension of time, renewal, waiver, or modification consented to by Holders.

#### 13. Defaults and Remedies

##### 13.1 Events of Default

An 'Event of Default' shall be deemed to have occurred for purposes of this Revenue Sharing Agreement if (and only if):

13.1.1. The Company fails to pay to a Holder any amount due and such failure continues for fifteen (15) days following written notice to the Company; or

13.1.2. The Company files (i) a voluntary petition in bankruptcy; or (ii) a petition or an answer seeking reorganization or an arrangement with creditors, or to take advantage of any insolvency, readjustment of loan, dissolution or liquidation law or statute; or (iii) an answer admitting the material allegations of a petition filed against the Company in any proceeding under any such law; or

13.1.3. An order, judgment, or decree is entered, without the consent of the Company, by any court of competent jurisdiction, appointing a receiver, trustee, or liquidator for the Company, if such order, judgment or decree shall continue unstayed and in effect for a period of sixty (60) days; or

13.1.4. The Company is in default with respect to any other of its debt obligations; or

13.1.5. The Company becomes unable to pay its debts as they become due; or

13.1.6. The Company breaches any of its obligations under this Revenue Sharing Agreement and such breach remains uncured for ninety (90) days following written notice.

##### 13.2 Force Majeure

An Event of Default shall not be deemed to have occurred as a result of a breach or failure by the Company in such breach or failure is caused by Acts of God, government restrictions (including the denial or cancellation of any export or other necessary license), wars, insurrections and/or any other cause beyond the reasonable control of the Company; provided that the Company shall give Holders written notice explaining the cause and its effect in reasonable detail. Dates by which performance obligations are scheduled to be met will be

16

extended for a period of time equal to the time lost due to any delay so caused.

### 13.3. Consequences of Default

#### 13.3.1. Notice

Upon the occurrence of an Event of Default, the Company shall provide written notice to all Holders (a “Notice of Default”). The Notice of Default shall (i) describe the circumstances surrounding the Event of Default, (ii) reference the need for the Holders to appoint a Representative pursuant to section 13.3.2 below, and (iii) be accompanied by (A) a copy of this Revenue Sharing Agreement, and (B) a list of all of the Holders, the email address of each Holder on file with the Company, and the original Principal Amount with respect to each Holder’s Note.

#### 13.3.2. Appointment of Representative

##### (a) Selection

Upon the occurrence of an Event of Default, a single representative shall be appointed to represent all of the Holders (the “Representative”). The Representative (i) may, but need not, be a Holder; (ii) shall not be affiliated with or related to the Company; and (iii) shall be selected by the Holders as follows:

1. For a period of up to twenty (20) business days following the Notice of Default, the Holders shall confer among themselves as to the appointment of a Representative.
2. If at any time during such twenty (20) day period, the Holders of a majority of the Notes, measured by the original Principal Amount of each such Note (a “Majority”), agree as to the appointment of a Representative, that person shall be the Representative.
3. (3) If, at the conclusion of such twenty (20) day period, no Representative has been appointed by a Majority, each Holder shall submit the name of up to three (3) persons such Holder would accept as the Representative.
4. (4) With each name appearing on any Holder’s list there shall be associated a number equal to the total principal amount outstanding of all Notes held by Holders whose lists included such name.
5. (5) The person whose name is associated with the largest number shall be appointed as the Representative.

##### (b) Authority of Representative

The Representative shall have the power, on behalf of each Holder, to pursue such remedies as may be available by law and pursuant to this Revenue Sharing Agreement, for the purpose of maximizing the return to the Holders as a group, and to settle the claims of each Holder on such terms as the Representative may determine in its sole and unlimited discretion, subject to the other provisions of this Revenue Sharing Agreement. The Representative may pursue such remedies notwithstanding that the Representative does not have physical possession of the Notes and without naming the Holders as parties.

17

#### (c) Power of Attorney

Upon the appointment of a Representative, each Holder shall be deemed to have granted to the Representative a limited Power of Attorney for the purpose of carrying out such Representative's responsibilities under this Revenue Sharing Agreement. Each Holder shall, upon the request of the Representative, execute such additional documents and instruments as may be reasonably necessary to confirm such limited Power of Attorney and otherwise carry out the purposes of this Revenue Sharing Agreement.

#### (d) No Separate Claims

No Holder may bring any claim against the Company to enforce the payment obligation evidenced by a Note. All such claims may be brought only by the Representative, acting on behalf of, and in the name of, each Holder, in accordance with the provisions of this Revenue Sharing Agreement.

#### (e) Release of Claims by Holders

Each Holder hereby releases the Representative for all claims arising from the Representative's performance of its services pursuant to this Revenue Sharing Agreement, except and to the extent that a Holder can demonstrate by clear and convincing evidence that such act or omission constituted gross negligence or intentional misconduct.

#### (f) Fees and Expenses of Representative

The reasonable fees and costs of the Representative, including but not limited to reasonable attorneys' fees, shall be the obligation of the Company, and shall be added on to the amount otherwise payable with respect to the Notes, and no Holder shall be obligated to pay such fees or costs directly; provided, however, that following an Event of Default, any further payments made by the Company shall first be used to pay the reasonable fees and costs of the Representative, and not to make any payments with respect to the Notes, and if any Holder shall receive any payment with respect to his, her, or its Note before all of the reasonable fees and costs of the Representative have been paid, such Holder shall promptly pay such amount to the Representative.

#### (g) Resignation of Representative

A Representative may resign at any time by giving notice to the Company and all of the Holders of the Notes at least thirty (30) days before such resignation is to become effective. Upon the resignation of a Representative, a replacement shall be selected by the affirmative vote of Holders holding a majority of the Notes, measured by outstanding principal amount. If such Holders have not selected a replacement Representative within sixty (60) days following the effective date of the resignation, then Portal may, at any time, by giving notice to the Company and all of the Holders, designate a replacement Representative who shall not be related to or affiliated with Portal or the Company.

#### (h) Termination of Representative

The services of a Representative may be terminated at any time by the affirmative vote of Holders holding a majority of the Notes, measured by the outstanding

18

principal amount with respect to each such Note, but only if they simultaneously appoint a replacement Representative.

#### 13.4. Remedies

Upon the occurrence of an Event of Default, the Holders shall be entitled to any remedy that may be available by law and as set forth in the Note itself. However, the Representative shall not, without the affirmative written consent of a Majority, exercise the remedy set forth in section 6.2 of the Notes (an “Acceleration”)

#### 13.5. Payments Deemed Held in Trust

Any Holder who receives a payment on a Note while an Event of Default remains in effect with respect to such Note in excess of the amount such Holder should have received shall be deemed to be holding such excess in trust for the benefit of other Holders and the Representative, and shall return such excess on demand.

#### 13.6. Forbearance Not a Waiver

If a Holder or the Representative delays in exercising or fails to exercise any of its rights under a Note or this Revenue Sharing Agreement, that delay or failure shall not constitute a waiver of any rights or of any breach or default. No waiver by a Holder or the Representative shall be effective unless the waiver is expressly stated in a writing signed by the Holder or the Representative, as the case may be.

#### 13.7. Termination of Default

An Event of Default shall be deemed to have been terminated upon the earliest to occur of:

13.7.1. The date the Representative and the Company enter into a settlement of all claims; or

13.7.2. If an Acceleration has not been authorized by the Holders, the date the Company has paid (i) to the Holders, all payments due through such date; and (ii) to the Representative, all the fees and expenses described in section 12.3.2(f); or

13.7.3. If an Acceleration has been authorized by the Holders, the date the Company has paid (i) to the Holders all payments due through such date; and (ii) to the Representative, all the expenses described in section 12.3.2(f); but only if a Majority agrees to annul the demand for Acceleration.

#### 13.8 Waiver of Past Defaults

A Majority may, by notice to the Representative, waive an existing Event of Default and its consequence. When an Event of Default is waived, it is deemed cured, but no such waiver shall extend to any subsequent or other Event of Default or impair any consequent right.

### 14. Miscellaneous

#### 14.1. Electronic Delivery

All communications from the Company to Holders, including but not limited to all tax forms, shall be via electronic delivery.

#### 14.2. Notice

19

Any notice or document required or permitted to be given under this Revenue Sharing Agreement may be given by a party or by its legal counsel and shall be deemed to be given on the date transmitted by overnight delivery service or by email with written confirmation of receipt, to the address of the Company set forth in the Company's Form C, to the address of a Holder provided by the Holder at the Site, or such other address as a party may designated by notice complying with this section.

#### 14.3. Payments

All payments of principal and interest on the Notes will be made in U.S. dollars as Automated Clearing House (ACH) deposits into an account designated by each Holder at the Site.

#### 14.4. Governing Law

This Revenue Sharing Agreement and each Note shall be governed by the internal laws of Massachusetts without giving effect to the principles of conflicts of laws. Each Holder hereby (i) consents to the personal jurisdiction of the Massachusetts courts or the Federal courts located in or most geographically convenient to Essex County, Massachusetts, (ii) agrees that all disputes arising from this Agreement shall be prosecuted in such courts, (iii) agrees that any such court shall have in personam jurisdiction over such Holder, (iv) consents to service of process by notice sent by regular mail to the address used by the Holder to register at the Site and/or by any means authorized by Massachusetts law, and (v) if such Holder is not otherwise subject to service of process in Massachusetts, agrees to appoint and maintain an agent in Massachusetts to accept service, and to notify the Company of the name and address of such agent.

#### 14.5. Titles and Captions

All article, section and paragraph titles and captions contained in this Revenue Sharing Agreement (like 'Titles and Captions' in this section) are for convenience only and are not deemed a part of the context hereof.

#### 14.6. Days

Unless specified otherwise, any period of days mandated under a Note or this Revenue Sharing Agreement shall be determined by reference to calendar days, not business days, except that any payments, notices, or other performance falling due on a Saturday, Sunday, or federal government holiday shall be considered timely if paid, given, or performed on the next succeeding business day.

20

**Attachment 5:** `wildhoney_page.pdf`

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Creperie / Bakery in Homer, AK

Wild Honey Bistro / City Bear Bread is not accepting investment.

View investment opportunities on Mainvest

Edit Profile Watch this investment opportunity Share

Women-owned

Wild Honey Bistro / City Bear Bread

Restaurant / Creperie / Bakery

106 W Bunnell Ave #2

Homer, AK 99603

Get directions

View Website

Connect with us

Profile

Data Room

Discussion

This is a preview. It will become public when you start accepting investment.

Early Investor Bonus: The investment multiple is increased to 1.7x for the next $50,000 invested.

This is a preview. It will become public when you start accepting investment.

THE PITCH

Wild Honey Bistro / City Bear Bread is seeking investment to expand its current location and add a prep kitchen and bakery.

This is a preview. It will become public when you start accepting investment.

THE TEAM

Melody Livingston

Owner / Operator - Wild Honey Bistro

Melody is the owner of Wild Honey Bistro, located in Homer's Old Town neighborhood. Melody purchased Mara's Café back in 2017, upgraded and rebranded as Wild Honey serving upscale crepes, gluten free pastries, and other breakfast and lunch items. Melody has had amazing success with Wild Honey. Under her leadership and vision, Wild Honey has grown nearly 20% year-over-year, building not just a successful business but a true community.

Melody is passionate about food and the customer experience, but also about creating a business that serves the broader needs of its workers and the community in which it is based. Melody is also a fierce advocate for locally produced food and incorporates ingredients from local producers, growers, and foragers and fisherman into her menu whenever possible. She is also a huge advocate for, and supporter of, women run businesses and will remain the primary owner and shareholder for the combined Wild Honey / City Bear business ventures going forward.

Ed Scott Livingston

Owner / Head Baker - City Bear Bread

Scott has been managing people since he was made the general manager for a set of Little Caesars pizza restaurants back in the late 1980s just out of high school. He most-recently worked out of Chicago as an attorney, project manager, and operations director for an international legal services company. Scott loved the people he worked with, but the farther he climbed up the corporate ladder the less happy he became. Scott reconnected with Melody during the pandemic and moved up to Alaska at the end of 2020. Scott always had an interest in baking and began handling the baking at Wild Honey in his free time last summer, elevating the traditional gluten free items and introducing new naturally-fermented (sourdough) pastries to the menu. A successful pop-up at a local brewery in Homer last October and November, showed that there was not just a market but a real hunger for artisan bakery items in the Homer area. With the kitchen expansion, Scott will be able to move the baking out of his home kitchen and provide high-quality, upscale bakery experience to the Homer area.

This is a preview. It will become public when you start accepting investment.

OUR STORY

The Wild Honey Bistro has been so successful since it opened in 2017 that it no longer is able to operate efficiently in its existing space. Rather than purchase a new space, we are looking to renovate the current location to add a prep kitchen and on-site bakery options for City Bear Bread.

Melody opened the Wild Honey Bistro in 2017 after purchasing the existing Mara's Café location in Homer, Alaska. Wild Honey specializes in upscale crepes and other breakfast and lunch items. (Let's not forget the mimosas!) Melody has had amazing success with Wild Honey. Sales have grown about 20% year-over-year since 2017, even with COVID, and she has built a true community along with a successful business.

https://mainvest.com/b/wild-honey-bistro-homer

1/12

3/1/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread / Restaurant / Couperie / Bakery in Homer, AK

Scott began taking over much of the in-house baking at Wild Honey this summer and has been operating City Bear Bread as a small cottage bakery since October of last year. City Bear Bread specializes in naturally fermented ("sourdough") breads and pastries for sale through Wild Honey and at various local pop-up events and has already begun to max out capacity of the small, home-based bakery kitchen due to demand.

The Wild Honey space is charming and sits in a great location, but it's small, particularly the kitchen and prep areas. As the café has become more popular the smaller space has become an increasing challenge in the busier summer months - wait times have gone up and menu offerings have had to be limited due to the inability to prep while the restaurant is open and a lack of refrigerator and dry storage space. Prep work was needing to be done after hours or on days the café would normally be closed, and we have begun to see people turn away and look for other options due to extended wait times.

We have been exploring options to either expand the existing space or find another location over the last 18 months. As the idea for City Bear Bread started to come together, the need for a space that could accommodate a larger deck oven and bakery equipment also became an issue. Originally, the plan was to purchase a second, larger location for Wild Honey to move into and have City Bear Bread start a small bakery specializing in various naturally fermented breads and pastries in the current café space. However, commercial space in Homer, Alaska is at a premium - both as to availability and price - and it quickly became apparent that the cost to buy and renovate a new location would entail taking on a debt burden that could threaten the long-term health of the company. Additionally, we started to think about how much there would be to gain if Wild Honey Bistro and City Bear Bread could share a location.

Melody has a talent for design and we started to sketch out possibilities for demolishing a portion of the existing structures and replacing them with a full service prep kitchen and bakery space. There are additional ideas for further renovations down the line, but this project focuses on turning a fairly unusable storage space into a space that will allow Wild Honey to better serve its existing customer base and give City Bear Bread a true bakery space that is able to serve the café and give it a location that will allow it to expand sales in other local forums and to nearby communities via direct and wholesale opportunities.

We are excited to see where this will go and we hope you want to be a part of the journey as well. See below for more information on the project and our current offerings and mission. The project is in motion, but we need your help to see it through. Won't you join us?

This is a preview. It will become public when you start accepting investment.

# INTENDED USE OF FUNDS

Funds raised will be used for the construction of a new prep kitchen space and to purchase additional equipment for the cafe and bakery.

The project was designed to allow Wild Honey to add the prep kitchen and bakery space, without having to close down the main cafe during construction. Creation of the prep kitchen expansion will require: 1) partial demolition of an existing Quonset hut; 2) construction of prep kitchen space; 3) modification of the existing cafe in order to allow access the prep space from the current cafe kitchen; 3) purchase of a deck oven for bread baking; and 4) purchase of additional equipment for the cafe/bakery kitchen, including a walk-in refrigerator, pasty proofing cabinet, dishwasher, and more. A rough, hand-drawing of the anticipated internal layout is provided at left and plat map showing the structures and area to be demolished for the new build is below.

We are still confirming bids and sorting through equipment options, but we expect that the project will cost somewhere between $150,000 to $225,000, all in.

Initial permitting has been granted and the demolition of the existing structure has been scheduled. We have received bids from our main builder and electrician. Additional bids for plumbing, equipment, and finishing work are in process. We are on track for a late-April/early-May completion. This is a preview. It will become public when you start accepting investment.

# AS-BUILT

# As-Built Showing Current Configuration & Area To Be Demo'd

This is a preview. It will become public when you start accepting investment.

# FORECASTED MILESTONES

We are on track for completion of the new prep kitchen / bakery space by late-April or early-May. There are several near-term milestones relating directly to the build of the prep space, as well as some other long-term milestones that we hope to obtain within the next year or two.

March 1st - CUP Permit Approval - COMPLETED! -- The hearing to get approval for a conditional use permit is scheduled in front of the Homer Planning Commission on March 1st. Approval of a conditional use permit ("CUP") is required for this project as the property is historically non-conforming as to the lot coverage. All structures on the lot take up more than the current regulatory cap of 30%. Since we are not seeking to expand the lot coverage, just replace an existing and deteriorating structure with a new structure, we do not anticipate issues with receiving CUP approval. March 6th - Demolition - An excavator has been scheduled to complete the demolition of the old Quonset hut. (Some preparation for the demolition has already been completed.) The demo is only expected to take 1-2 days, including clean up.

March 10th - City Bear Bread Go-Live on Alaska Food Hub - City Bear Bread will be a participating producer on the Alaska Food Hub, a site that provides a forum for the sale of locally grown and/or produced items. The Food Hub operates from March to December out of Homer, Alaska and services the communities of Anchor Point and Soldatna from April to October. City Bear Bread has been approved as a producer and will begin selling breads and pastries through the Food Hub, beginning March 10th. This will allow an expanded customer base (especially for the more northerly communities) and provide additional exposure for City Bear Bread and Wild Honey Bistro.

March 13th - Techno Post Installation - The new building will be built on metal techno post pilings. These screw into the ground and are much less disruptive to the land than a dug foundation. Because we are seeking to preserve the existing café space as well as the historically significant Bunnell Art Building, both of which are right next to the new build, the less disruption to the exiting foundations the better. These also allow us to begin the overall build sooner, since they can be installed even if the ground is frozen.

https://mainvest.com/b/wild-honey-bistro-homer

2/12

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Carpets / Bakery in Homer, AK

March 14th to 27th - Frame Up / Dry In - The new structure should be able to be framed up and dried in in less than two weeks. This will allow the plumbers and electrical to do their work out of the elements.

March 27th to 30th - Electrical / Plumbing

April 1st to 21st (approximate) - Finishing Work and Equipment Install - Once electric and plumbing have been completed, the rest of the finishing work and installation of the large equipment will be able to be completed. This includes installation of the walk-in cooler and delivery and setup of the deck oven for bread baking.

April 25th - Soft Launch - We begin baking in the new space and start training bakery assistants for the Summer Season. Expanded summer hours begin.

May 14th - Mother's Day - Historically one of our biggest single-day sales events of the year. The new space means opportunities to do more event-driven menus.

Fall / Winter 2023 - Event Offerings - The prep space will be well suited to offering cooking/baking classes as well as other participatory events. During the summer season, we barely have time to breath, but people are always looking for fun things to do and ways to support the businesses that stick it out year-round here in Homer. Cooking and baking classes hit both points and we anticipate these being a significant supplemental revenue source during the slower seasons.

2024 and Beyond - Additional Wholesale Offerings - City Bear Bread has already been approached by some local businesses to ask if we will be doing wholesale offerings. While we don't anticipate this being a significant source of revenue in 2023 while we get used to the new space and evaluate the direct retail needs through the café and Food Hub, long-term bakery growth is likely to be driven by wholesale volume through restaurants, grocery, and/or specialty food shops in Homer and nearby communities. We are particularly interested in opportunities to get our bread out to communities off the main road system, requiring delivery by boat or plane.

This is a preview. It will become public when you start accepting investment.

OUR MISSION - WILD HONEY BISTRO

Our goal at Wild Honey is to showcase the natural abundance that surrounds us in Alaska.

We harvest many of the ingredients we use ourselves. We know the faces and the names of the people that catch, grow, and raise almost everything else we lovingly prepare for you to enjoy.

We believe that every step of your food's journey, from harvest to table, is important - from the care and treatment of the animals to the love and passion of the farmers and fishermen. We buy from small producers that love what they do as much as we love preparing it for you.

Our hope is that the bistro will help you feel more connected to your community and to your food. Because we believe that the more connected we are to the people and things that sustain us, the greater the quality of our lives.

This is a preview. It will become public when you start accepting investment.

OUR MISSION - CITY BEAR BREAD

Good bread, that's good for you.

The bread you can typically get in most U.S. grocery stores is... bad. It's been produced to maximize how long it can sit on a shelf, rather than for taste or for health. Commercial yeast allows large batches of bread to be made quickly and efficiently but can also mean that the bread just doesn't taste very good. Additives keep it looking fresh for a long time, but can make the bread difficult to digest, with the unfermented flour causing inflammation, bloating, and other unpleasant digestive concerns.

At City Bear Bread, we specialize in 100% naturally fermented breads and pastries (aka, "sourdough"), prepared using the highest quality ingredients available. We look to use local and organic ingredients whenever available. Making bread this way takes longer to prepare (sometimes taking 2-4 days or even longer, depending on what you are making), but the taste and the health benefits make the wait worth it.

This is a preview. It will become public when you start accepting investment.

PRESS

The Best Breakfast in Every State

Way down the Kenai Peninsula in Homer, add reindeer sausage to any of the savory crepes at the year-round Wild Honey Bistro

This is a preview. It will become public when you start accepting investment.

Data Room

Intended Use of Funds

Target Raise

Maximum Raise

Build-Out/Renovation $40,000

Equipment $7,000

Mainvest Compensation $3,000

Total $50,000

Financial Forecasts

Year 1 Year 2 Year 3 Year 4 Year 5

Gross Sales $447,716 $553,148 $636,120 $731,538 $841,269

Cost of Goods Sold $130,375 $161,190 $185,368 $219,461 $252,381

Gross Profit $317,341 $391,958 $450,752 $512,077 $588,888

https://mainvest.com/b/wild-honey-bistro-homer

3/12

3/1/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Creperie / Bakery in Homer, AK

# EXPENSES

Rent $43,520 $60,000 $60,000 $60,000 $60,000

Utilities $13,038 $16,119 $18,537 $21,946 $25,238

Salaries $53,333 $80,000 $80,000 $90,000 $100,000

Labor Costs $99,954 $123,579 $148,295 $182,885 $210,317

Maintenance Costs $21,729 $26,865 $30,895 $36,577 $42,063

Operating Profit $85,767 $85,395 $113,025 $120,669 $151,270

This information is provided by Wild Honey Bistro / City Bear Bread. Mainvest never predicts or projects performance, and has not reviewed or audited this financial forecast. Please see below for additional risk disclosures.

# Documents

Investor Agreement

2020 Balance Sheet

2020 Income Statement

2021 Balance Sheet

2021 Income Statement

Investment Round Status

Target Raise $50,000

Maximum Raise $120,000

Amount Invested $0

Investors 0

Investment Round Ends May 6th, 2022

Summary of Terms

Legal Business Name Broad Point, LLC

Investment Structure Revenue Sharing Note

Early Investor Bonus

Investment multiple for the first $50,000 invested

1.7x

Investment Multiple 1.6x

Business's Revenue Share 2.1%-5%

Minimum Investment Amount $100

Repayment Schedule Quarterly

Securitization None

Maturity Date September 30th, 2029

Financial Condition

Historical milestones

Wild Honey Bistro / City Bear Bread has been operating since April 2017 and has since achieved the following milestones:

Opened location in Homer, Alaska

Achieved revenue of $157,565 in 2017, which then grew to $311,461 in 2022.

Cost of Goods Sold (COGS) has historically averaged between 60% to 65% year-over-year, for a gross profit margin of 35-40% annually.

Historical financial performance is not necessarily predictive of future performance.

Forecasted milestones

Wild Honey Bistro / City Bear Bread forecasts the following milestones:

Secure Conditional Use Permit for reconstruction by March 1, 2023

Hire for the following positions by May 2023: Bakery Assistant, Cafe Shift Manager, Summer Staff (4+)

Achieve $553,148 revenue for 2024.

Achieve $391,958 gross profit for 2024.

Achieve $841,269 revenue per year by 2027.

Achieve $588,888 gross profit per year by 2027.

https://mainvest.com/b/wild-honey-bistro-homer

4/12

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Creperie / Bakery in Homer, AK

# Other outstanding debt or equity

As of February 27, 2023, Wild Honey Bistro / City Bear Bread has debt of approximately $145,000 outstanding and a cash balance of just over $30,000. This debt is sourced primarily from the mortgage on the building held by First National Bank Alaska and will be senior to any investment raised on Mainwest. In addition to the Wild Honey Bistro / City Bear Bread's outstanding debt and the debt raised on Mainwest, Wild Honey Bistro / City Bear Bread may require additional funds from alternate sources at a later date.

# Financial liquidity

Wild Honey Bistro / City Bear Bread has a moderate liquidity position due to its medium cash reserves as compared to debt and other liabilities. Wild Honey Bistro / City Bear Bread expects its liquidity position to decline upon raising capital on Mainwest and deploying the capital to grow the business.

# Other challenges

Wild Honey Bistro / City Bear Bread has had the following other challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

Highly seasonal revenue - 75% of annual revenue has historically been achieved from May to October. The fall down in revenue during the Fall/Winter months means that only core staff can be retained year-round and new staff must be hired and trained each year, increasing overall labor costs. With the addition of City Bear Bread, there may be wholesale, event, and/or cooking class offerings that can be developed to mitigate the lower revenue of the Spring/Summer season, but projections have assumed continuation of the 75%/25% revenue split.

Supply chain disruptions - Supply chain disruptions have even higher impacts in Alaska generally and for the lower Kenai Peninsula in particular. The COVID-related supply chain disruptions in 2020 and 2021 impacted the availability of ingredients, restaurant staff, and vendor services. Costs of goods is always higher on average in Alaska and disruptions to the supply chain exacerbate these effects. Further disruptions have the potential to increase Cost of Good Sold and/or impact availability of basic ingredients required to do business.

# Risk Factors

# You Might Lose Your Money

When you buy a certificate of deposit from a bank, the Federal government (through the FDIC) guarantees you will get your money back. Buying a Note is not like that at all. The ability of Wild Honey Bistro to make the payments you expect, and ultimately to give you your money back, depends on a number of factors, including many beyond our control.

# Limited Services

Wild Honey Bistro operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

# Lack of Accounting Controls

Larger companies typically have in place strict accounting controls. Smaller companies typically lack these controls, exposing themselves to additional risk.

# Competition

The market in which we operate is competitive and could become increasingly competitive with new entrants in the market. Wild Honey Bistro competes with many other businesses, both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Wild Honey Bistro's core business or the inability to compete successfully against the with other competitors could negatively affect Wild Honey Bistro's financial performance.

# Reliance on Management

As a securities holder, you will not be able to participate in Wild Honey Bistro's management or vote on and/or influence any managerial decisions regarding Wild Honey Bistro. Furthermore, if the founders or other key personnel of Wild Honey Bistro were to leave Wild Honey Bistro or become unable to work, Wild Honey Bistro (and your investment) could suffer substantially.

# Financial Forecasts Risks

The financial forecasts provided by us herein are reasonable forecasts by us based upon assumption of stable economic conditions and other various assumptions regarding operations. The validity and accuracy of these assumptions will depend in large part on future events over which Wild Honey Bistro and the key persons will have no control. Changes in assumptions or their underlying facts could significantly affect the forecasts. To the

https://mainwest.com/b/wild-honey-bistro-homer

5/12

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Corporate / Bakery in Homer, AK

extent that the assumed events do not occur, the outcome may vary significantly from the projected outcomes. Consequently, there can be no assurance that the actual operating results will correspond to the forecasts provided herein. Additionally, Wild Honey Bistro is a newly established entity and therefore has no operating history from which forecasts could be projected with.

Inability to Sell Your Investment

The law prohibits you from selling your securities (except in certain very limited circumstances) for 12 months after you acquire them. Even after that one-year period, a host of Federal and State securities laws may limit or restrict your ability to sell your securities. Even if you are permitted to sell, you will likely have difficulty finding a buyer because there will be no established market. Given these factors, you should be prepared to hold your investment for its full term.

The Company Might Need More Capital

Wild Honey Bistro might need to raise more capital in the future to fund/expand operations, buy property and equipment, hire new team members, market its services, pay overhead and general administrative expenses, or a variety of other reasons. There is no assurance that additional capital will be available when needed, or that it will be available on terms that are not adverse to your interests as an investor. If Wild Honey Bistro is unable to obtain additional funding when needed, it could be forced to delay its business plan or even cease operations altogether.

Changes in Economic Conditions Could Hurt Wild Honey Bistro

Factors like global or national economic recessions, changes in interest rates, changes in credit markets, changes in capital market conditions, declining employment, changes in real estate values, changes in tax policy, changes in political conditions, and wars and other crises, among other factors are unpredictable and could negatively affect Wild Honey Bistro's financial performance or ability to continue to operate. In the event Wild Honey Bistro ceases operations due to the foregoing factors, it can not guarantee that it will be able to resume operations or generate revenue in the future.

No Registration Under Securities Laws

The Notes will not be registered with the SEC or the securities regulator of any State. Hence, neither Wild Honey Bistro nor the Notes will be subject to the same degree of regulation and scrutiny as if they were registered.

Incomplete Offering Information

Title III does not require us to provide you with all the information that would be required in some other kinds of securities offerings, such as a public offering of shares (for example, publicly-traded firms must generally provide investors with quarterly and annual financial statements that have been audited by an independent accounting firm). Although Title III does require extensive information, it is possible that you would make a different decision if you had more information.

Lack of Ongoing Information

Wild Honey Bistro will be required to provide some information to investors for at least 12 months following the offering. However, this information is far more limited than the information that would be required of a publicly-reporting company; and Wild Honey Bistro is allowed to stop providing annual information in certain circumstances.

Uninsured Losses

Although Wild Honey Bistro will carry some insurance, Wild Honey Bistro may not carry enough insurance to protect against all risks to the business. Additionally, there are some kinds of risks that are very difficult or impossible to insure against, at least at a reasonable cost. Therefore, Wild Honey Bistro could incur an uninsured loss that could damage its business.

Changes in Laws

Changes in laws or regulations, including but not limited to zoning laws, environmental laws, tax laws, consumer protection laws, securities laws, antitrust laws, and health care laws, could negatively affect Wild Honey Bistro's financial performance or ability to continue to operate. Specifically, any additional regulation on the industry could significantly negatively affect the business.

Conflict of Interest With Companies and Their Management

In many ways, your interests and the interests of Wild Honey Bistro's management will coincide: you both want Wild Honey Bistro to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Wild Honey Bistro to act conservatively to make sure they are best equipped to repay the Note obligations, while Wild Honey Bistro might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

https://mainvest.com/b/wild-honey-bistro-homer

6/12

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread | Restaurant / Creperie / Bakery in Homer, AK

# Future Investors Might Have Superior Rights

If Wild Honey Bistro needs more capital in the future and takes on additional debt or other sources of financing, the new investors might have rights superior to yours. For example, they might have the right to be paid before you are, to receive larger distributions, to have a greater voice in management, or otherwise.

# The Company is Not Subject to the Corporate Governance Requirements of the National Securities Exchanges

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Wild Honey Bistro or management), which is responsible for monitoring Wild Honey Bistro's compliance with the law. Wild Honey Bistro will not be required to implement these and other investor protections.

# You Have a Limited Upside

Notes include a maximum amount you can receive. You cannot receive more than that even if Wild Honey Bistro is significantly more successful than your initial expectations.

# You Do Have a Downside

Conversely, if Wild Honey Bistro fails to generate enough revenue, you could lose some or all of your money.

# Payments and Return Are Unpredictable

Because your payments are based on the revenue of Wild Honey Bistro, and the revenue of Wild Honey Bistro can go up or down (or even disappear altogether) unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

# The Notes Are Unsecured and Uninsured

The Notes are not secured by any collateral, nor are they guaranteed or insured by the FDIC or any other entity.

# Subordination

The Notes shall be subordinated to all indebtedness of Wild Honey Bistro to banks, commercial finance lenders, leasing and equipment financing institutions, and/or other institutions regularly engaged in the business of lending money.

# Lack of Guaranty

The Notes are not personally guaranteed by any of the founders or any other person.

# Limitation of Individual Rights in Event of Default

In the event of a default under the Notes, you will not be able to enforce your rights individually (for example, by bringing a lawsuit). Instead, a representative will be appointed according to the procedures set forth in the Note Indenture. It's possible that you will not like the representative, or that the representative will do things you believe are wrong or misguided. If an event of default has occurred and a representative has been appointed, all of the representative's reasonable expenses must be paid before any further payments are made with respect to the Notes.

# COVID-19 Impact

The ongoing COVID-19 pandemic may impact the Company's ability to generate revenue and/or continue operations. If operations are ceased due to COVID-19 restrictions, the Company can not guarantee that it will resume operations in the future.

This information is provided by Wild Honey Bistro / City Bear Bread. Mainvest never predicts or projects performance, and has not reviewed or audited this information. For additional information, review the official Form C filing with the Securities and Exchange Commission on the EDGAR website.

This is a preview. It will become public when you start accepting investment.

# Investor Discussion

# About Us

# Blog

# FAQ

# Write For Us

https://mainvest.com/b/wild-honey-bistro-homer

7/12

3/3/23, 3:14 PM

Invest in Wild Honey Bistro / City Bear Bread / Restaurant / Creperie / Bakery in Homer, AK

- Referral Program
- Business Resources
- Support Center
- Educational Materials
- Contact Us
- Terms of Service
- Privacy Policy

This website, Mainvest.com, which we refer to as the "Site," is owned by MainVest, Inc., which we refer to as "Mainvest." Mainvest is a licensed Funding Portal that offers investments under Regulation Crowdfunding, which is also known as Title III Crowdfunding. Our offerings under Regulation Crowdfunding are open for investment from the general public. By using the Site, you are subject to our Terms of Use and our Privacy Policy. Please read these carefully before using the Site. Although our Site offers investors the opportunity to invest in a variety of companies, we do not make recommendations regarding the appropriateness of a particular investment opportunity for any particular investor. We are not investment advisers. Investors must make their own investment decisions, either alone or with their personal advisors. Neither the Securities and Exchange Commission nor any state agency has reviewed the investment opportunities listed on the Site. Mainvest does not provide any legal, tax, or accounting advice with respect to any securities. Thank you for using the Site. If you have questions, please contact us at info@mainvest.com.

ALL OF THE INVESTMENT OPPORTUNITIES ON MAINVEST CONTAIN RISK.
ONLY INVEST IF YOU CAN AFFORD TO LOSE YOUR ENTIRE INVESTMENT.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

https://mainvest.com/b/wild-honey-bistro-homer

8/12

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Broad Point, LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** AK

**Date of Organization:** 01-18-2017

**Physical Address:** 106 W BUNNELL AVE UNIT 2, HOMER, AK, 99603

**Issuer Website:** http://wildhoneybistro.com

**Is there a Co-Issuer?:** No

**Intermediary Name:** MainVest, Inc.

**Intermediary CIK:** 0001746059

**Intermediary File Number:** 007-00162

### Offering Information

**Compensation to Intermediary:** MainVest will be paid Four and one half (4.5) Percent of the amount of the Offering raised by "In-Network Users" of the Platform plus Nine (9) Percent of the amount of the Offering raised by all other investors.

**Financial Interest in Issuer:** MainVest, Inc. owns no interest in the Company, directly or indirectly, and will not acquire an interest as part of the Offering, nor is there any arrangement for MainVest, Inc. to acquire an interest.

**Type of Security Offered:** Debt

**Price per Security:** $1.00

**Method for Determining Price:** The Notes are being valued at their face value. We don't anticipate that we'll ever need to place a value on the Notes in the future.

**Target Offering Amount:** $50,000.00

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** First-come, first-served basis

**Maximum Offering Amount:** $120,000.00

**Deadline to Reach Target Amount:** 05-05-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 2.00

**Total Assets (Most Recent Fiscal Year):** $353,167.34

**Total Assets (Prior Fiscal Year):** $342,226.58

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $0.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $22,701.17

**Accounts Receivable (Most Recent Fiscal Year):** $0.00

**Accounts Receivable (Prior Fiscal Year):** $0.00

**Short-Term Debt (Most Recent Fiscal Year):** $67,880.00

**Short-Term Debt (Prior Fiscal Year):** $96,616.06

**Long-Term Debt (Most Recent Fiscal Year):** $253,336.09

**Long-Term Debt (Prior Fiscal Year):** $233,999.17

**Revenues/Sales (Most Recent Fiscal Year):** $302,503.92

**Revenues/Sales (Prior Fiscal Year):** $285,813.07

**Cost of Goods Sold (Most Recent Fiscal Year):** $86,303.71

**Cost of Goods Sold (Prior Fiscal Year):** $63,866.20

**Taxes Paid (Most Recent Fiscal Year):** $0.00

**Taxes Paid (Prior Fiscal Year):** $0.00

**Net Income (Most Recent Fiscal Year):** $53,146.22

**Net Income (Prior Fiscal Year):** $95,594.71

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, PR, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING

### Signatures

**Issuer:** Broad Point, LLC

**Signature:** Melody Livingston

**Title:** Owner and CoFounder

---

**Signature:** Melody Livingston

**Title:** Owner and CoFounder

**Date:** 03-03-2023