# EDGAR Filing Document

**Accession Number:** 0001962123
**File Stem:** 0001746059-23-000023
**Filing Date:** 2023-1
**Character Count:** 142971
**Document Hash:** 9a876a156ac5bef3722c5b293303c8f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000023.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001746059-23-000023

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hommage Bakehouse LLC
- **CENTRAL INDEX KEY:** 0001962123
- **IRS NUMBER:** 871493951
- **STATE OF INCORPORATION:** CA

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31671
- **FILM NUMBER:** 23549159

**BUSINESS ADDRESS:**
- **STREET 1:** 4680 CASS ST
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92109
- **BUSINESS PHONE:** (408) 693-1378

**MAIL ADDRESS:**
- **STREET 1:** 4680 CASS ST
- **CITY:** SAN DIEGO
- **STATE:** CA
- **ZIP:** 92109

### Attached PDF Documents

**Attachment 1:** `hommage_offmo.pdf`

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

## OFFERING MEMORANDUM

facilitated by

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

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# Hommage Bakehouse 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 | Hommage Bakehouse LLC |
| --- | --- |
| State of Organization | CA |
| Date of Formation | 07/01/2021 |
| Entity Type | Limited Liability Company |
| Street Address | 4680 Cass St, San Diego CA, 92109 |
| Website Address | www.hommagebakehouse.com |

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

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| Key Person | David Mirabelli |
| --- | --- |
| Position with the Company | Operating Director |
| Title First Year | 2022 |
| Other business experience (last three years) | David Mirabelli 0426-726-7332 \| davimirabelli@gmail.com \| San Diego, CA Experience Operating Director/Partial Owner \| Hommage Bakehouse \| San Diego, CA \| Aug 2022-Present Assist in the determining and planning of the operations and development of wholesale and retail business at Hommage Bakehouse. Develop new Hommage retail staff locations, as well as maintaining relations with account representatives, and servicing the logistics and delivery of wholesale products in the Southern California area. Assist in coaching, training, and mentoring in the documentation and operations of Human Resources as well as overall direction and functionality of the wholesale and retail business. Regional Operating Partner \| Herder's Ice Cream \| San Diego, CA \| Oct 2022-Aug 2022 Develop and open new locations across the Southern region of San Diego. Oversee operations within Human Resources, payroll, sales and labor forecasting, recruitment, training, and inventory management. Conduct quality control, project management, market research, P&L analysis, and print/digital marketing. Regional Cafe Operations Manager \| Bird Rock Coffee Roasters \| San Diego, CA \| Jan 2017-Oct 2021 Oversee operations for six existing cafes and assist in the development of opening new locations. Supervise and train a team of 90 employees. Food and beverage development. Developed kitchen menu for the Carlsbad location. Conducted hiring, quality control, sales and labor forecasting, inventory management, Human Resources, project management, marketing, market research and P&L analysis. General Manager \| Lolly Coffee Co. \| San Diego, CA \| Dec 2018-June 2017 Assisted in opening and operating a new, standalone cafe. This location included a full kitchen and scratch bakery. Supervised and trained a team of 40 employees. High volume location became the busiest location of the company. Forecasted sales for the first year were projected to exceed $1.5 to $2 million dollars. Managed human resources, payroll, and various operational objectives. General Manager \| Coffee Bean & Tea Leaf \| Carlsbad, CA \| Aug 2014-Dec 2016 Managed a high volume cafe in an upscale shopping center. Supervised and trained a team of 17 employees. C&T general managers are trained on a 200+ paint system every quarter to ensure quality of product, service, and environment. Improved corporate store grade from initial 80% to an 80% which was excellent standing. Personal ownership over COGS, labor, inventory, and team development. Achieved quarterly sales goals throughout my employment and received 2nd place in 'Best of the Best 2018'. Quarter 4 which recognizes the top three locations within the entire corporation based on sales, COGS, labor % culture, and corporate store grade. My location had positive sales comp two consecutive years and was forecasted to have the most profitable year at the time of my departure. Average annual sales of $800,000. General Manager \| Sammy's Woodford Pizza & Grill \| Carlsbad, CA \| 2013-2014 Managed high volume, standalone restaurant with full bar. High table turnovers and To-Go service. Supervised and trained a team of 30 employees. Oversees kitchen involvement with initial six-week culture training. Developed strong team culture which eliminated a perpetual high employee turnover at this location. Conducted hiring, sales and labor forecasting, inventory management, organized staff meetings, product ordering, market research and P&L analysis. Average daily sales ranging from $7,000 to $9,000. General Manager \| Perry's Embarcadero + Perry's Design Center \| San Francisco, CA \| 2010-2013 Embarcadero 2012-2013 Operated high volume flagship location. Supervised and trained a team averaging 40 employees. Occasionally filled required shifts in bartending, serving, feeding, or expediting food orders. Conducted orders, cash management, inventory, P&L analysis, HR, scheduling, payroll, billing, and various other duties. Average daily sales ranging from $15,000 to $20,000. San Francisco Design Center 2010-2012 Perry's Design Center was the third newest location in SF when I was hired. Trained and recruited a team of 15 employees. Conducted orders, cash management, inventory, P&L analysis, HR, scheduling, payroll, billing, and various other duties. During 2011, I exceeded 2013 annual restaurant sales by $100,000. Average daily restaurant sales of $1,000. Managed all food, beverage, and staffing operations for entire special events. Assets ranged from $10 to $200 guests within a four-level upscale building. During 2011, I exceeded 2013 annual event sales by $200,000. Exonic Manager & Recruiter \| Jeff Pearson Events & Staffing \| San Francisco, CA \| 2009-2010 Supervised a team of 80 staff members throughout food and bar services for medium to large sized special events ranging from $5 to $10,000 guests (Corporate & Private). Recruiter and trained staff ranging from $5 to $10 employees. Developed and maintained kitchen experience with pronounced private chefs. Warehouse Associate \| Anchor Brewing \| San Francisco, CA \| 2002-2003 Ensured quality control through main beer feeding line, the spirits distilling bedding line, bag cleaning and filling room. Product packing and shipping. Server for special events. Provided exceptional customer service through spreading knowledge of the beer making process and flavor profiles. Sales Manager \| Product Sales Corporation \| San Diego, CA \| 1997-2000 Sold new and re-conditioned computer hardware, complete systems, peripherals, as well as high speed networking equipment, servers, server roles, and cards. Coordinated with operations, production, sales, and marketing team. Inventory and quality management for two warehouse facilities. Structured sales format. Trained and supervised three sales associates focused on 3-commerce and other wholesale venues. Averaged monthly sales of $100,000 to $150,000. Certifications Food Safety Manager Certification (PSMC) \| San Diego, CA Skills & Attributes CRM \| Microsoft Office \| Management \| Contract Negotiation \| Project Management \| Event Planning \| Business Development \| Marketing \| Account Management \| Research \| Sales \| E&R \| Relationship Management \| Inventory \| POS \| Training Coordinator \| E-commerce \| Delegation \| Problem Solving \| Financial Management \| Human Resources (HR) \| Administration \| Conflict Management \| Multitasking \| P&L \| Sales Reporting & Analysis \| Retail Store Design \| Equipment Maintenance |

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| Key Person | Justin Gaspar |
| --- | --- |
| Position with the Company | Title First Year Partner 2021 |
| Other business experience (last three years) | List any other titles and dates of positions held (with this business or other employers) during the past three years with an indication of job responsibilities. For example: • Partner at Hommage Bakehouse (June 2021-Present) -- Responsible for managing operations and facilitating sales, production, delivery logistics and company health. • Head Baker at La Clochette du Coin (August 2020-June 2021) -- Responsible for baking and overseeing wholesale production for cafes in San Diego, as well as in-house operations. • Head Baker at Bird Rock Coffee Roasters (April 2018-October 2019) -- Responsible for baking and overseeing wholesale production for Bird Rock cafes in San Diego. |

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| Key Person | Viraj Desai |
| --- | --- |
| Position with the Company | Title Partner First Year 2022 |
| Other business experience (last three years) | List any other titles and dates of positions held (with this business or other employers) during the past three years with an indication of job responsibilities. For example: • Finance Manager ( Microsoft, Sept 2018 - July 2021 ) - Various finance roles at Microsoft working on financial planning, modeling, and analysis across various teams. This includes controllership activities and driving financial projects. • Owner/CEO ( Sona Ventures, Jan 2022 - Present ) - Own a small business focused on investing in start ups |

| Key Person | Willy WU JYE HWA |
| --- | --- |
| Position with the Company | Title LLC member First Year 2022 |
| Other business experience (last three years) | Founder, General Manager and Business developer La Clochette Du Coin - French café and Bakery wholesale San Diego, California 2015 - present • Manager of all aspects of the business, sales, training, marketing, purchasing, accounting, financing and budgeting, Customer service and Human Resources. • Forefront of business development for future objectives, goals, visions for future expansions. • Responsible for maintain business bank accounts, payment processing, and taxes |

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- Design and implement Short term and long term marketing and sales strategies
- Expanding and developing new product lines, from research, design and material choices
- Establish quality control standards and Standard operating standards throughout the different levels in the company
- Identify Human resource needs, write description, screen and interview candidates, train, manage and follow up with employee development.
- Periodically evaluating product and services for leveraging best possible positioning within our market and community
- Maintain consistent collaborated communication with alternate vendors, negotiate for more competitive pricing, investigate and procure more sustainable materials from alternative sources or suppliers.

# **Financial Planner, Logistics supervisor, Business Development**

Antananarivo, Madagascar

Comadis - Alcohol bottling and distribution Center Corporation April 2006 - August 2012

- Offsetting national market trends, and establishing long-term financial decisions with top managers;
- Discussing marketing strategies and campaigns during weekly executive meetings;
- Executing strategies to increase market penetrations for different product lines;
- Took lead in controlling inbound and outbound logistics and merchandise with operating manager;
- Supervising commercial distribution overflow and maintaining fluid turnover of over 50 long trucks for pick up or delivery.

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|  | Financial Advisor Intern Tianjin, China □□ - Jia-Ye (Top 5 Finance company in Tianjin) December 2012 - march 2013 Focused on learning the financial world in China; Taught to manage interactional calls in a professional and empathetic manner in Chinese; Presented and guided financial plans to professional entities and individuals based on needs; Performed daily operation analysis meetings for intern improvement; |
| --- | --- |

| Key Person | Karine Beers |
| --- | --- |
| Position with the Company | Co-owner and marketing director |
| Title | 2022 |
| First Year |  |
| Other business experience (last three years) | Co-Owner & Marketing Director (La Clochette Du Coin, May 2015 - Present): La Clochette Du Coin is a french cafe bakery that serves local organic coffee and pastries, and high quality french inspired dishes. Responsibilities Create and maintain a successful brand and image that attracts customers to the product or service Implementing marketing campaigns Overseeing social media marketing strategy and content marketing Tracking changes in supply and demand; identifying customers and their current and future needs; and monitoring the competition. |

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

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| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Justin Gaspar | 40% |
| Willy WU JYE HWA | 22.5% |

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

The Initial Partnership.

The French-speaking brother and sister duo from Madagascar shared Justin's dream to open a bakery, but more importantly their morales and values aligned: people before profits, work-life balance for employees, representation, and inclusivity...no matter how challenging it gets.

- Hommage Bakehouse was scheduled to open as a part of La Clochette du Coin in March 2020, but COVID hit the world and they were forced to delay their timeline. They opened in August 2020, but were forced to change their model to survive.
- The bakery pivoted to a wholesale model (as customer traffic in the cafe was still trickling in), and they very quickly became a staple in the San Diego community both in the cafe and around the county.
- Hommage outgrew their initial 600 sq ft kitchen (operating 24 hours a day) in the back of the cafe and moved into their new 2000 sq ft commissary in December 2022. They were able to offer above-industry standard wages, fully-paid benefits, time off, holidays off, and ample work-life balance.
- While waiting for construction, they were forced to delay growth and could not keep up with wholesale and retail demand. Hommage had to create a waitlist of potential clients.
- Since opening, Hommage has grown to 30 wholesale accounts delivered daily, two farmers markets (a third starting in February), and one retail storefront (with another on the way in 2023.)

Baked and Delivered Doesn't Mean Stale:

The nature of wholesale requires bread and pastries to be baked ahead of time. Hommage developed its recipes and logistical system to send out the freshest and highest quality product possible while still working in scale. Croissants and other pastries are always best straight out of the oven, but quality bread and pastries should be accessible everywhere, on your time--even outside of the bakery walls.

Looking Forward.

We are humbled by and grateful for the amount of support we've received, and cannot wait to keep moving forward. We believe in what we do, but we don't need Hommage to rank #1. We do, however, want to make a lasting impact on our community.

- Our Mission: To facilitate accessibility and educate our great community about quality bread and pastry, all while maintaining a healthy work environment for all team members.
- Our Vision: To feed the West Coast with a refreshed view of bread and pastry standards that empower all chefs and makers to create foods that speak to their community.
- Our Dream: To build a cohesive holdings company that encompasses the diversity of our team and their aspirations, starting with our own retail locations.

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# Why "Hommage"?

"Hommage," the French spelling of homage, is our way of staying true to the tastes, flavors and experiences that we all grew up with. It's also a tribute to what shaped us and who we want to become.

- The People: The bakery is made up of a majority of POC, and the partners come from all different industries and experience backgrounds.
- The Product: Hommage is most known for its croissants and naturally-leavened sourdough, but its iconic almond croissant and kouign amann are the bakery's best sellers. Hommage also has seasonal flavor rotations of items that the bakery team develops together, and are often inspired by their cultures and heritages.
- The Local Partners: The bakery works with some of the most reputable names in the field, including partnerships with Blue Bottle Coffee and Consortium Holdings.
- National Recognition: Justin won an episode of Hulu's "Bakers Dozen" in 2021 and has since drawn crowds for his Ube Bibingka Custard Buns, an ode to his Filipino heritage.

# Our Story, Abbreviated.

Hommage Bakehouse may only be two years old, but it's a story of a business a decade in the making. And it started with selling cookies and cake out of duffle bags in high school.

- Justin, a Hapa (half-Filipino) baker from San Jose, CA fell in love with baking in high school when he began hustling cookies and cakes out of duffle bags to students and staff. His entrepreneurial start was so successful, he expanded his operations and created distribution channels to sell over 12 dozen pastries a day.
- From that moment on, he knew he wanted to open a bakery. After high school, he spent four years honing his craft and discovering his passion for business and croissants.
- Justin worked in a multitude of food establishments, but found his time at Manresa Bread to be a shining example of what he wanted to open. A high quality product with large output, but an equally important focus on company culture and a healthy workspace.
- He moved to San Diego to follow his wife, and after pop-ups, 120 hour work weeks, failed partnerships, Lyft driving to pay the bills, and thousands of croissants, he found his dream team in Willy and Karine.

# The Team

Justin Gaspar, Head Baker/Partner

Justin Gaspar is a half-Filipino Bay Area native who moved to San Diego in 2018 with dreams of opening a bakery.

He has worked in all sorts of kitchens over the last eight years, but has always gravitated towards baking-especially laminated pastry (i.e. CROISSANTS!) and naturally-leavened breads. Justin recently won an episode of "Baker's Dozen" on Hulu, where he debuted his now sell-out ube bibingka custard buns. He hopes to share his tastes and experiences with the San Diego community, as well as help contribute to the growing food scene in the awesome city he now calls home.

David Mirabelli, Operations Manager/Partner

Dave Mirabelli has lived in the Midwest, San Francisco and San Diego and has over twenty years of experience in operations of specialty coffee, retail, restaurants, and wholesale production. He

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has proven business knowledge with continued YOY growth in all industries while ensuring genuine and effective team development and customer satisfaction.

Dave is a proud husband and loving father of two amazing boys and is passionate about connecting, learning, and staying positive inside and outside of the workspace.

Willy Wu Jye Hwa, Administrative/Partner

Willy Hwa partnered with Justin and Karine after founding La Clochette du Coin with the intention of putting management and cultural health of the company first.

Particularly proud of his business track record, Willy's passion for productivity and leadership has given him the opportunity to work with amazing individuals and collaborate on innovative ideas and projects. He finds joy in finding and developing talent and dreams within his community.

Willy's thought process includes curiosity, observation, a healthy dose of skepticism (knowing what we don't know,) focusing on the process and not the problem, and valuing gaps and differences.

Karine Beers, Marketing Manager/Partner

Karine Beers was born and raised in Madagascar and moved to California after graduating from high school. She has worked in various industries ranging from non-profit organizations to event venues and restaurant groups, where she has created and designed numerous marketing materials for print and digital collateral. Shortly after, she co-founded La Clochette Du Coin with her brother, and later on partnered with Justin and Willy to open Hommage Bakehouse. Interestingly enough, Karine has never thought she would be working in the food industry. However as an entrepreneur and restaurant owner, she has developed the desire to bring happiness to people by serving quality food.

Karine loves to stay active and believes that it does not only change your body, but it changes your mind, your attitude and your mood.

Viraj Desai, Finance Manager/Partner

Viraj Desai has eight years of experience in finance, marketing, and management. He spent several years at Microsoft working as a Finance Manager working on various teams from supply chain finance to their treasury department. Post Corporate America, he pivoted in starting an angel investing company and spends his time managing his stock market, crypto, and start up portfolio. He also has a background in mentoring and teaching in finance and the stock market. Viraj currently operates out of San Francisco and is passionate about education, finance, and helping those in his community and network reach their personal and life goals.

One of Viraj's life goals is to start a non profit that focuses on providing education to the many communities around the world that don't have access to educational and professional resources.

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

#### **(E) Number of Employees**

The Company currently has 5 employees. The Company may hire or discharge employees in the future to meet its objectives.

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#### (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 | $100,000 |
| --- | --- |
| Offering Deadline | March 25, 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

| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $124,000 |
| 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:

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| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Space Build-out | $93,250 | $115,630 |
| Mainvest Compensation | $6,750 | $8,370 |
| TOTAL | $100,000 | $124,000 |

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 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.

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### 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.

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## (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 | 0.6 - 0.7% 2 |
| --- | --- |
| Payment Deadline | 2028-12-31 |
| Maximum Payment Multiple 3 - Early Investors - All Other Investors | 1.75 x 1.5 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 | 3.79% |

$^{1}$ 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 0.6% and a maximum rate of 0.7% 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 |
| --- | --- |
| $100,000 | 0.6% |
| $106,000 | 0.6% |
| $112,000 | 0.6% |
| $118,000 | 0.7% |
| $124,000 | 0.7% |

$^{3}$ To reward early participation, the investors who contribute the first $100,000.0 raised in the offering will receive a 1.75x cap. Investors who contribute after $100,000.0 has been raised in the offering will receive a 1.5x 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

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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 | Justin Gaspar |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | 40% |
| 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. |

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| Name of Security | Willy Wu Jye Hwa |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | 22.5% |
| 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. |

| Name of Security | Karine Beers |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | 12.5% |
| 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. |

| Name of Security | Viraj Desai |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | 12.5% |
| 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. |

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| Name of Security | David Mirabelli |
| --- | --- |
| Number of Shares Outstanding | N/A |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | 12.5% |
| 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. |

#### 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) |
| --- | --- |
| Justin Gaspar | 40% |
| Willy WU JYE HWA | 22.5% |

#### 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

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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

| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| Stripe Capital | $70,400 | 7.7% | 06/22/2023 | 20% revenue through Stripe invoicing until paid off |

(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

Hommage Bakehouse has been operating since June 2021 and has since achieved the following milestones:

- Opened operations within La Clochette du Coin in San Diego, CA leveraging a 600 sq ft kitchen for wholesale production.
- Achieved revenue of $292,000 from July 2021-December 2021, which then grew to $820,000 in January 2022-December 2022.
- Grew team from 4 to 15 people, all paid $18+ an hour and four of whom are on salary. Began offering fully paid health, vision and dental benefits to full time workers in April 2022.
- Moved bakery operation in November 2022 to a 2,000 sq ft kitchen in Sorrento Valley with an increased production capacity of 400%.

Historical financial performance is not necessarily predictive of future performance.

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Forecasted milestones

Hommage Bakehouse forecasts the following milestones:

- Open new Hommage Bakehouse Retail Location in Civita properties in San Diego, CA by August 2023.
- Achieve $4,400,000 revenue per year by 2024.
- Achieve $1,733,000 profit per year by 2024.

Other outstanding debt or equity

As of December 2022, Hommage Bakehouse has debt of $70,000 outstanding and a cash balance of $25,000. This debt is sourced primarily from OnDeck and will be senior to any investment raised on Mainvest. In addition to the Hommage Bakehouse's outstanding debt and the debt raised on Mainvest, Hommage Bakehouse may require additional funds from alternate sources at a later date.

No operating history

Hommage Bakehouse was legally established in June 2021, and financially separated from La Clochette du Coin in April 2022. Accordingly, there are limited financial statements and information for investors to review. When evaluating this investment opportunity, investors should consider factors outlined in the risk section as well.

Financial liquidity

Hommage Bakehouse has a low liquidity position due to its low cash reserves as compared to debt and other liabilities. Hommage Bakehouse expects its liquidity position to decline upon raising capital on Mainvest and deploying the capital to grow the business.

Other challenges

Hommage Bakehouse has had the following other challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

- Wholesale Revenue: Wholesale revenue is roughly 50% of the retail revenue opportunity when selling Direct to Consumer rather than Business to Business.
- Delayed Growth: Hommage was forced to pause its growth for a few months in 2022 due to production constraints in its initial facility while awaiting construction on the larger space.

(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.

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|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $2,640,741 | $4,414,742 | $4,830,739 | $5,217,198 | $5,634,574 |
| Cost of Goods Sold | $737,460 | $1,074,922 | $1,079,662 | $1,456,966 | $1,573,523 |
| Gross Profit | $1,903,281 | $3,339,820 | $3,751,077 | $3,760,232 | $4,061,051 |
| EXPENSES |  |  |  |  |  |
| Rent | $240,000 | $246,000 | $252,150 | $258,453 | $264,914 |
| Total Labor | $799,776 | $947,271 | $1,025,356 | $1,025,356 | $1,025,356 |
| Benefits | $63,000 | $64,575 | $66,189 | $67,843 | $69,539 |
| Insurance | $2,814 | $2,814 | $2,814 | $2,814 | $2,814 |
| Repairs & Maintenance | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 |
| Gas | $21,000 | $21,525 | $22,063 | $22,614 | $23,179 |
| Linens | $2,205 | $2,205 | $2,205 | $2,205 | $2,205 |
| Photo/Video | $7,200 | $7,200 | $7,200 | $7,200 | $7,200 |
| PR, Marketing and Ads | $53,000 | $53,000 | $53,000 | $53,000 | $53,000 |
| Supplies | $2,400 | $2,400 | $2,400 | $2,400 | $2,400 |
| General & Administrative | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Dues & Subscriptions | $1,200 | $1,200 | $1,200 | $1,200 | $1,200 |
| Guaranteed Payments | $147,000 | $0 | $0 | $0 | $0 |
| Operating Profit | $560,086 | $1,988,030 | $2,312,900 | $2,313,547 | $2,605,644 |

#### (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

20

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.

# **(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 | $0 | $0 |
| Cash & Cash Equivalents | $0 | $0 |
| Accounts Receivable | $0 | $0 |
| Short-term Debt | $0 | $0 |
| Long-term Debt | $0 | $0 |
| Revenues/Sales | $0 | $0 |
| Cost of Goods Sold | $0 | $0 |
| Taxes Paid | $0 | $0 |
| Net Income | $0 | $0 |

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,

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**Attachment 2:** `hommage_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 Hommage Bakehouse 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

Hommage Bakehouse 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 highly competitive and could become increasingly competitive with new entrants in the market. Hommage Bakehouse 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 Hommage Bakehouse's core business or the inability to compete successfully against the with other competitors could negatively affect Hommage Bakehouse's financial performance.

## RELIANCE ON MANAGEMENT

As a securities holder, you will not be able to participate in Hommage Bakehouse's management or vote on and/or influence any managerial decisions regarding Hommage Bakehouse. Furthermore, if the founders or other key personnel of Hommage Bakehouse were to leave Hommage Bakehouse or become unable to work, Hommage Bakehouse (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 Hommage Bakehouse 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, Hommage Bakehouse 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

Hommage Bakehouse 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 Hommage Bakehouse 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 HOMMAGE BAKEHOUSE

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 Hommage Bakehouse's financial performance or ability to continue to operate. In the event Hommage Bakehouse 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 Hommage Bakehouse 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

Hommage Bakehouse 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 Hommage Bakehouse is allowed to stop providing annual information in certain circumstances.

## UNINSURED LOSSES

Although Hommage Bakehouse will carry some insurance, Hommage Bakehouse 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, Hommage Bakehouse 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 Hommage Bakehouse's financial performance or ability to continue to operate.

3

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 Hommage Bakehouse's management will coincide: you both want Hommage Bakehouse to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Hommage Bakehouse to act conservatively to make sure they are best equipped to repay the Note obligations, while Hommage Bakehouse 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 Hommage Bakehouse 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 Hommage Bakehouse or management), which is responsible for monitoring Hommage Bakehouse's compliance with the law. Hommage Bakehouse 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 Hommage Bakehouse is significantly more successful than your initial expectations.

#### YOU DO HAVE A DOWNSIDE

Conversely, if Hommage Bakehouse 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 Hommage Bakehouse, and the revenue of Hommage Bakehouse 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.

4

## SUBORDINATION

The Notes shall be subordinated to all indebtedness of Hommage Bakehouse 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.

## LIMITED OPERATING HISTORY

Hommage Bakehouse is a newly established entity and has no history for prospective investors to consider.

5

**Attachment 3:** `hommage_appxb.pdf`

# APPENDIX B:
FINANCIAL STATEMENTS
(Unaudited)

1

# **HOMMAGE BAKEHOUSE LLC**  
**Balance Sheet**  
**As of December 31, 2021**---

|  | Dec 31, 21 |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Checking/Savings |  |
| SDCCU CHECKING | 60.00 |
| SDCCU SAVING | 1.00 |
| Total Checking/Savings | 61.00 |
| Total Current Assets | 61.00 |
| TOTAL ASSETS | 61.00 |
| LIABILITIES & EQUITY |  |
| Equity |  |
| Initial Capital | 226.00 |
| Net Income | -165.00 |
| Total Equity | 61.00 |
| TOTAL LIABILITIES & EQUITY | 61.00 |

Page 1

# **HOMMAGE BAKEHOUSE LLC**  
**Profit & Loss**  
**January through December 2021**---

|  | Jan - Dec 21 |
| --- | --- |
| Ordinary Income/Expense |  |
| Expense |  |
| Bank Service Charges | 40.00 |
| Business Licenses and Permits | 125.00 |
| Total Expense | 165.00 |
| Net Ordinary Income | -165.00 |
| Net Income | -165.00 |

Page 1

I, Justin Gaspar, certify that:

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

Signature Justin Gaspar

Name: Justin Gaspar

Title: Partner

1

**Attachment 4:** `hommage_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 **Hommage Bakehouse 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: Justin Gaspar
Name: Justin Gaspar
Title: Partner
Date: 01/24/2023
Email Address: justin@hommagebakehouse.com

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# 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 **Hommage Bakehouse 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 | Hommage Bakehouse LLC |
| --- | --- |
| Maximum Payment Multiple 2 - Early Investors - All Other Investors | 1.75 x 1.5 x |
| Revenue Percentage 1 | 0.6 - 0.7% |
| 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 | 12/31/2028 |
| Accrual Rate | 3.79% |

$^{1}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 0.6% and a maximum rate of 0.7% 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 $100,000.0 raised in the offering will receive a 1.75x cap. Investors who contribute after $100,000.0 has been raised in the offering will receive a 1.5x cap.

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## 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;

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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.

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# EXHIBIT B

## REVENUE SHARING AGREEMENT

This Revenue Sharing Agreement is entered into by **Hommage Bakehouse 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.

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**Attachment 5:** `hommage_deck.pdf`

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

# HOMMAGE BAKEHOUSE

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

## WHO ARE WE

We develop, question, work, and serve with intention

*“hommage”* The French spelling of homage, is our way of staying true to the tastes, flavors and experiences that we all grew up with.

We are a bakery established in San Diego in 2022. Our company is known for the practice of supplying our artisan breads and laminated pastries daily to all of our wholesale partners throughout the city of San Diego. We work with some of the most reputable names in the field including Blue Bottle Coffee and several of the Consortium Holding restaurants. We source specific ingredients and use modern techniques in our kitchen to maintain high standards and constantly ask ourselves the question “why?” to better serve our customers and create the best products and environment we can.

## WHAT WE STAND FOR

We source specific ingredients and use modern techniques in our kitchen for a single purpose - sharing the very best our team can offer. Hence we develop, question, work and serve with intention.

![img-2.jpeg](img-2.jpeg)

## Our Mission and Vision

'Great products start with great people with a mission'

**Our Mission:** We aim to facilitate accessibility and educate our great community about quality bread and pastry, all while maintaining a healthy work environment for all team members.

**Our vision:** We want to feed the West Coast with a refreshed view of bread and pastry standards that empower all chefs and makers to create foods that speak to their community.

We empower our staff members by listening to them, and making them the priority of our operations

We create tributes to their background, heritages, experiences and interests.

# MEET THE TEAM

Justin Gaspar

![img-3.jpeg](img-3.jpeg)

Co-founder & Creative Mind

"I Do Everything"

Karine Beers

![img-4.jpeg](img-4.jpeg)

Co-founder & Marketing

"I do marketing and advertising"

Viraj Desai

![img-5.jpeg](img-5.jpeg)

Business growth & numbers

"I do things with numbers and expansions"

Willy Wu Jye

![img-6.jpeg](img-6.jpeg)

Co-founder & logistics

"I do administrative work and logistics"

David Mirabelli

![img-7.jpeg](img-7.jpeg)

Operations & systems

"I handle operations and team development"

# Our Wholesale Accounts and Partners

- Barefoot Coffee Roasters
- Blue Bottle Coffee (all 3 locations in San Diego)
- Café LaTerre
- Caffeine & Green Roasting
- Cuppa Cuppa Coffee Roaster
- Hawthorn Coffee Roaster
- Ironsmith Coffee Roaster
- Jaunt Coffee Roasters
- La Clochette Du Coin
- Le Charcuterie Bar
- Lovesong Coffee & Market

- Lucky Bolt Kitchen & eatery
- Mixed Ground Coffee Roaster
- MRKT Space (both locations in San Diego)
- North Park Farmers Market
- Nostalgia Coffee Roaster
- Palmys Café
- Portal Coffee
- Presotea
- Seven Seas Coffee Roaster
- Small Goods Cheese & Charcuterie
- The Butchery

- Vigilante Coffee
- Yipao Coffee
- Craft & Commerce
- Morning Glory Breakfast
- Ironside Fish & Oyster
- Seneca Trattoria

# OUR BREAD MENU

**Levain** - Our name for a sourdough country loaf. It's a little more on the sweet end than a traditional SF sourdough, and is great for sandwiches, toast, table bread, and everything in between.

**Baguette** - A heartier country baguette with hints of sourdough and whole wheat. Great for sandwiches, dipping, or munching on the way home.

**Seeded baguette** - Our baguette rolled in a house seed mix. Don't mind us, just trying to pack more flavor in here.

**Focaccia** - A flat, oven-baked Italian bread that is any and full of flavor. Great on its own but could be used for dipping and sandwiches (even with seasonal toppings!)

![img-8.jpeg](img-8.jpeg)

![img-9.jpeg](img-9.jpeg)

![img-10.jpeg](img-10.jpeg)

# OUR PASTRY MENU

Croissant - A classic, flaky croissant laminated with imported butter from New Zealand.

Chocolate Croissant - Our butter croissant, but with Valrhona chocolate batons rolled in. We eat a lot of them.

Almond Croissant - A twice-baked butter croissant, filled and topped with vanilla bean syrup, almond cream and caramelized almond slices. Our best seller!

Ham and Cheese Croissant - The savory cousin of our butter croissant, filled with Fra'Mani ham and Tillamook cheddar. It has hints of rosemary, oregano, black pepper, and memories of donut shops growing up.

Monkey Bread - A cinnamon sugar pull-apart croissant with royal icing. Kind of like a cinnamon roll, kind of like a sticky bun. Shareable (but you shouldn't)

Kouign Amann - A sweet and salty laminated pastry similar to a croissant, but with layers of sugar in addition to the butter and dough. The main reason Justin learned how to laminate pastries.

Veggie portal pocket - Spinach artichoke dip inside a croissant. Our ode to a 90's cult classic - the Hot Pocket - made in collaboration with Portal Coffee in DTSD

Our Seasonal Strawberry Rhubarb - Our Classic Kouign Amann, but filled with Strawberry Rhubarb Jam

Lemon Blueberry scone - A softer scone than you're used to, with a bit of a crunch. Filled with blueberries and the essence of biscuit.

![img-11.jpeg](img-11.jpeg)

# First place on Hulu's Baker's Dozen

Here are some action shots of Justin competing on the first season of the famous Hulu show 'Baker's Dozen' to win the first prize.

'A lot of that is why we're called Hommage; it's a tribute to the tastes and memories and flavors and foods that we grew up with, and that inspire us to move forward' - Justin Gaspar

** You can watch his talents in action on Season 1, Episode 8

![img-12.jpeg](img-12.jpeg)

![img-13.jpeg](img-13.jpeg)

# OUR MILESTONES

August 2020: Opening of La Clochette Du Coin dba Hommage Bakehouse with 3 employees

![img-14.jpeg](img-14.jpeg)

# Our Revenue Model

Current

Wholesale

Pop Ups

Farmer's Markets

Future

Retail Storefronts

Farmers Markets

Bistro

Nationwide

Shipping

# WHAT IS NEXT FOR HOMMAGE BAKEHOUSE

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

## A Bistro Experience

- A unique, fast, casual, and quick service during the day
- A unique dining table service menu curated by local chefs through collaboration
  - Beer and Wine
- Always freshly baked on site
- Sourcing ingredients to support local sustainability

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

## The Bakery

- Opening of storefront locations
- Offering freshly baked pastries and breads
- Collaborative coffee programs with local roasters

# WHY ARE WE LOOKING FOR ADDITIONAL FUNDING?

In 2021, we were ready to start looking for our first storefront location in San Diego. After months of visiting multiple retail spaces, we came across a potential space that we were very excited about and energized us. We felt that this could be our new home and we couldn't pass on it. It was on a project called Civita, right in the heart of San Diego. And so, we signed!

We are confident that the opening of our first storefront will be a game changer, not only to us, but also to help progress the bakery industry in San Diego. However, with the growing challenges of increased expenses, we are seeking the help of funding for this project, specifically the construction of the space.

Here are some visual concepts that our team and our contractors are going to move forward with.

![img-2.jpeg](img-2.jpeg)

![img-3.jpeg](img-3.jpeg)

A1
COFFEE SHOP
1000 West 8th Street, Suite 200, Chicago, IL 60606
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF
OFFICE OF CHIEF OF STAFF

# DESIGN CONCEPT

Here is our projected space, a beautiful 1,020 square feet of floor area highlighted by bright white surfaces with white tiles on wall panels to add a clean veneer, while some other detailed wood elements will keep a balanced and cozy space, all creating a sophisticated minimalist interior that will purposefully highlights our freshly baked products.

![img-4.jpeg](img-4.jpeg)

![img-5.jpeg](img-5.jpeg)

![img-6.jpeg](img-6.jpeg)

# WHY SUPPORT US ?

![img-7.jpeg](img-7.jpeg)

## We believe in our strong team

Our team values our company as much as they believe in our achievements

![img-8.jpeg](img-8.jpeg)

## We are passionate

Our passion for exquisite food and beverage is everything that takes to our senses

![img-9.jpeg](img-9.jpeg)

## We love technology

Although technology takes the lead on the art, our creative team always stay in charge of the destination

![img-10.jpeg](img-10.jpeg)

BAKEHOUSE

**Attachment 6:** `hommage_page.pdf`

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Invest in Hommage Bakehouse | Bakery in San Diego, CA

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Minority-owned Immigrant-owned

Hommage Bakehouse

Bakery

10920 Roselle St #104

San Diego, CA 92121

Get directions

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Profile

Data Room

Discussion

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Early Investor Bonus: The investment multiple is increased to 1.75x for the next $100,000 invested.

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THE PITCH

Hommage Bakehouse is seeking investment to open the new flagship storefront location within the Civita development project in the heart of San Diego.

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15 people

Employees

$4,400,000

Projected Annual Revenue

23,000 people

Social Media Followers

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OUR STORY, ABBREVIATED.

Hommage Bakehouse may only be two years old, but it's a story of a business a decade in the making. And it started with selling cookies and cake out of duffle bags in high school.

Justin, a Hapa (half-Filipino) baker from San Jose, CA fell in love with baking in high school when he began hustling cookies and cakes out of duffle bags to students and staff. His entrepreneurial start was so successful, he expanded his operations and created distribution channels to sell over 12 dozen pastries a day.

From that moment on, he knew he wanted to open a bakery. After high school, he spent four years honing his craft and discovering his passion for business and croissants.

Justin worked in a multitude of food establishments, but found his time at Manresa Bread to be a shining example of what he wanted to open. A high quality product with large output, but an equally important focus on company culture and a healthy workspace.

He moved to San Diego to follow his wife, and after pop-ups, 120 hour work weeks, failed partnerships, Lyft driving to pay the bills, and thousands of croissants, he found his dream team in Willy and Karine.

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THE INITIAL PARTNERSHIP.

The French-speaking brother and sister duo from Madagascar shared Justin's dream to open a bakery, but more importantly their morales and values aligned: people before profits, work-life balance for employees, representation, and inclusivity...no matter how challenging it gets.

Hommage Bakehouse was scheduled to open as a part of La Clochette du Coin in March 2020, but COVID hit the world and they were forced to delay their timeline. They opened in August 2020, but were forced to change their model to survive.

The bakery pivoted to a wholesale model (as customer traffic in the cafe was still trickling in), and they very quickly became a staple in the San Diego community both in the cafe and around the county.

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Hommage outgrew their initial 600 sq ft kitchen (operating 24 hours a day) in the back of the cafe and moved into their new 2000 sq ft commissary in December 2022. They were able to offer above-industry standard wages, fully-paid benefits, time off, holidays off, and ample work-life balance. While waiting for construction, they were forced to delay growth and could not keep up with wholesale and retail demand. Hommage had to create a waitlist of potential clients.

Since opening, Hommage has grown to 30 wholesale accounts delivered daily, two farmers markets (a third starting in February), and one retail storefront (with another on the way in 2023.)

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Baked and Delivered Doesn't Mean Stale:

The nature of wholesale requires bread and pastries to be baked ahead of time. Hommage developed its recipes and logistical system to send out the freshest and highest quality product possible while still working in scale. Croissants and other pastries are always best straight out of the oven, but quality bread and pastries should be accessible everywhere, on your time--even outside of the bakery walls.

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WHY "HOMMAGE"?

"Hommage," the French spelling of homage, is our way of staying true to the tastes, flavors and experiences that we all grew up with. It's also a tribute to what shaped us and who we want to become.

The People: The bakery is made up of a majority of POC, and the partners come from all different industries and experience backgrounds.

The Product: Hommage is most known for its croissants and naturally-leavened sourdough, but its iconic almond croissant and kouign amann are the bakery's best sellers. Hommage also has seasonal flavor rotations of items that the bakery team develops together, and are often inspired by their cultures and heritages.

The Local Partners: The bakery works with some of the most reputable names in the field, including partnerships with Blue Bottle Coffee and Consortium Holdings.

National Recognition: Justin won an episode of Hulu's "Bakers Dozen" in 2021 and has since drawn crowds for his Ube Bibingka Custard Buns, an ode to his Filipino heritage.

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LOOKING FORWARD.

We are humbled by and grateful for the amount of support we've received, and cannot wait to keep moving forward. We believe in what we do, but we don't need Hommage to rank #1. We do, however, want to make a lasting impact on our community.

Our Mission: To facilitate accessibility and educate our great community about quality bread and pastry, all while maintaining a healthy work environment for all team members.

Our Vision: To feed the West Coast with a refreshed view of bread and pastry standards that empower all chefs and makers to create foods that speak to their community.

Our Dream: To build a cohesive holdings company that encompasses the diversity of our team and their aspirations, starting with our own retail locations.

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THE TEAM

Justin Gaspar

Head Baker/Partner

Justin Gaspar is a half-Filipino Bay Area native who moved to San Diego in 2018 with dreams of opening a bakery.

He has worked in all sorts of kitchens over the last eight years, but has always gravitated towards baking-especially laminated pastry (i.e. CROISSANTS!) and naturally-leavened breads. Justin recently won an episode of "Baker's Dozen" on Hulu, where he debuted his now sell-out ube bibingka custard buns. He hopes to share his tastes and experiences with the San Diego community, as well as help contribute to the growing food scene in the awesome city he now calls home.

David Mirabelli

Operations Manager/Partner

Dave Mirabelli has lived in the Midwest, San Francisco and San Diego and has over twenty years of experience in operations of specialty coffee, retail, restaurants, and wholesale production. He has proven business knowledge with continued YOY growth in all industries while ensuring genuine and effective team development and customer satisfaction.

Dave is a proud husband and loving father of two amazing boys and is passionate about connecting, learning, and staying positive inside and outside of the workspace.

Willy Wu Jye Hwa

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Administrative/Partner

Willy Hwa partnered with Justin and Karine after founding La Clochette du Coin with the intention of putting management and cultural health of the company first.

Particularly proud of his business track record, Willy's passion for productivity and leadership has given him the opportunity to work with amazing individuals and collaborate on innovative ideas and projects. He finds joy in finding and developing talent and dreams within his community.

Willy's thought process includes curiosity, observation, a healthy dose of skepticism (knowing what we don't know,) focusing on the process and not the problem, and valuing gaps and differences.

Karine Beers

Marketing Manager/Partner

Karine Beers was born and raised in Madagascar and moved to California after graduating from high school. She has worked in various industries ranging from non-profit organizations to event venues and restaurant groups, where she has created and designed numerous marketing materials for print and digital collateral. Shortly after, she co-founded La Clochette Du Coin with her brother, and later on partnered with Justin and Willy to open Hommage Bakehouse. Interestingly enough, Karine has never thought she would be working in the food industry. However as an entrepreneur and restaurant owner, she has developed the desire to bring happiness to people by serving quality food.

Karine loves to stay active and believes that it does not only change your body, but it changes your mind, your attitude and your mood.

Viraj Desai

Finance Manager/Partner

Viraj Desai has eight years of experience in finance, marketing, and management. He spent several years at Microsoft working as a Finance Manager working on various teams from supply chain finance to their treasury department. Post Corporate America, he pivoted in starting an angel investing company and spends his time managing his stock market, crypto, and start up portfolio. He also has a background in mentoring and teaching in finance and the stock market. Viraj currently operates out of San Francisco and is passionate about education, finance, and helping those in his community and network reach their personal and life goals.

One of Viraj's life goals is to start a non profit that focuses on providing education to the many communities around the world that don't have access to educational and professional resources.

PRESS

This Popular Bakery Is Bringing Ube Custard Buns to Mission Valley

Hommage Bakery owner and head baker Justin Gaspar says production will move to a larger facility in Sorrento Valley, too

Pacific Beach Baker to Compete on Hulu Series 'Baker's Dozen'

A San Diego resident who helms Hommage Bakehouse in Pacific Beach is competing on the new Hulu series, "Baker's Dozen." Here's his story about his rise in the world of baking.

We Indulge Our Sweet Tooths with Baker Justin Gaspar of Hommage Bakehouse

Tune in to episode 241 of the Happy Half Hour podcast

Eyeing the fine lines of Hommage Bakehouse

Hommage Bakehouse

Hidden Gems: Meet Justin Gaspar of Hommage Bakehouse

Today we'd like to introduce you to Justin Gaspar

PITCH DECK

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AUGUST 2020

Opened

Opened La Clochette du Coin dba Hommage Bakehouse with three employees

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JUNE 2021

Incorporated

Registered Hommage Bakehouse LLC

SEPTEMBER 2021

Wholesale Growth

Total wholesale accounts reaches twenty-five partners

OCTOBER 2021

TV Debut

Justin win's Bakers Dozen on Hulu

APRIL 2022

Full Separation from La Clochette du Coin and Benefits

Officially separated business and finances from La Clochette du Coin. Offered health, dental and vision benefits to all full-time employees.

OCTOBER 2022

New Location

Signed lease for our flagship retail storefront

NOVEMBER 2022

Construction Finished

Completion of our new commissary kitchen

JANUARY 2023

Grand Opening Location #1

Grand opening of the retail portion of our commissary kitchen

JANUARY 2023

Capital Raise

Launched campaign with Mainvest

AUGUST 2023

Grand Opening of Flagship Location

Grand opening of our flagship location in the Civita properties in Mission Valley.

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Q&A

Why open retail locations? Why not just stick with wholesale?

Wholesale baking is a volume game. Although we were able to clear +$800,000 in sales last year, direct-to-consumer sales via our own cafes would allow for us to capture the full revenue amount that our wholesale partners typically see. The margins are better in retail sales and the potential growth opportunity is so much higher when the public can come directly to us. But just as important: every neighborhood should have access to a great bakery, and we want to be just that for the communities that support us.

What makes your business management different than the rest of the industry?

The food and beverage industry is known for its unhealthy working conditions, low wages and toxic environment, and our team has experienced it first-hand. We promised ourselves that we would only open a business in this industry if we could be better, so Hommage's first priority is the health of its employees and company culture. We close on major holidays, have a base pay of $18/hr (for little-to-no experience,) are willing to train, offer fully-paid benefits for full-time workers and focus on employee inclusion in product development and company growth. We also offer salaried positions for a handful of our employees.

Why open retail locations? Why not just stick with wholesale?

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Wholesale baking is a volume game. Although we were able to clear +$800,000 in sales last year, direct-to-consumer sales via our own cafes would allow for us to capture the full revenue amount that our wholesale partners typically see. The margins are better in retail sales and the potential growth opportunity is so much higher when the public can come directly to us. But just as important: every neighborhood should have access to a great bakery, and we want to be just that for the communities that support us.

What makes your business management different than the rest of the industry?

The food and beverage industry is known for its unhealthy working conditions, low wages and toxic environment, and our team has experienced it first-hand. We promised ourselves that we would only open a business in this industry if we could be better, so Hommage's first priority is the health of its employees and company culture. We close on major holidays, have a base pay of $18/hr (for little-to-no experience,) are willing to train, offer fully-paid benefits for full-time workers and focus on employee inclusion in product development and company growth. We also offer salaried positions for a handful of our employees.

Why open retail locations? Why not just stick with wholesale?

Wholesale baking is a volume game. Although we were able to clear +$800,000 in sales last year, direct-to-consumer sales via our own cafes would allow for us to capture the full revenue amount that our wholesale partners typically see. The margins are better in retail sales and the potential growth opportunity is so much higher when the public can come directly to us. But just as important: every neighborhood should have access to a great bakery, and we want to be just that for the communities that support us.

What makes your business management different than the rest of the industry?

The food and beverage industry is known for its unhealthy working conditions, low wages and toxic environment, and our team has experienced it first-hand. We promised ourselves that we would only open a business in this industry if we could be better, so Hommage's first priority is the health of its employees and company culture. We close on major holidays, have a base pay of $18/hr (for little-to-no experience,) are willing to train, offer fully-paid benefits for full-time workers and focus on employee inclusion in product development and company growth. We also offer salaried positions for a handful of our employees.

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DESIGN CONCEPTS FOR FLAGSHIP LOCATION

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Order Online

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Data Room

Intended Use of Funds

Target Raise

Maximum Raise

Space Build-out $93,250

Mainvest Compensation $6,750

Total $100,000

Financial Forecasts

Year 1 Year 2 Year 3 Year 4 Year 5

Gross Sales $2,640,741 $4,414,742 $4,830,739 $5,217,198 $5,634,574

Cost of Goods Sold $737,460 $1,074,922 $1,079,662 $1,456,966 $1,573,523

Gross Profit $1,903,281 $3,339,820 $3,751,077 $3,760,232 $4,061,051

EXPENSES

Rent $240,000 $246,000 $252,150 $258,453 $264,914

Total Labor $799,776 $947,271 $1,025,356 $1,025,356 $1,025,356

Benefits $63,000 $64,575 $66,189 $67,843 $69,539

Insurance $2,814 $2,814 $2,814 $2,814 $2,814

Repairs & Maintenance $2,400 $2,400 $2,400 $2,400 $2,400

Gas $21,000 $21,525 $22,063 $22,614 $23,179

Linens $2,205 $2,205 $2,205 $2,205 $2,205

Photo/Video $7,200 $7,200 $7,200 $7,200 $7,200

PR, Marketing and Ads $53,000 $53,000 $53,000 $53,000 $53,000

Supplies $2,400 $2,400 $2,400 $2,400 $2,400

General & Administrative $1,200 $1,200 $1,200 $1,200 $1,200

Dues & Subscriptions $1,200 $1,200 $1,200 $1,200 $1,200

Guaranteed Payments $147,000 $0 $0 $0

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Operating Profit $560,086 $1,988,030 $2,312,900 $2,313,547 $2,605,644

This information is provided by Hommage Bakehouse. 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
2021 Balance Sheet
2021 Income Statement
Pro Forma 2023-2025.pdf
CIVITA - Marketing Deck - Hommage.pdf
Investment Round Status
Target Raise $100,000
Maximum Raise $124,000
Amount Invested $0
Investors 0
Investment Round Ends March 25th, 2023
Summary of Terms
Legal Business Name Hommage Bakehouse LLC
Investment Structure Revenue Sharing Note
Early Investor Bonus
Investment multiple for the first $100,000 invested
1.75x
Investment Multiple 1.5x
Business's Revenue Share 0.6%-0.7%
Minimum Investment Amount $100
Repayment Schedule Quarterly
Securitization None
Maturity Date December 31st, 2028
Financial Condition
Historical milestones

Hommage Bakehouse has been operating since June 2021 and has since achieved the following milestones:

Opened operations within La Clochette du Coin in San Diego, CA leveraging a 600 sq ft kitchen for wholesale production.

Achieved revenue of $292,000 from July 2021-December 2021, which then grew to $820,000 in January 2022-December 2022.

Grew team from 4 to 15 people, all paid $18+ an hour and four of whom are on salary. Began offering fully paid health, vision and dental benefits to full time workers in April 2022.

Moved bakery operation in November 2022 to a 2,000 sq ft kitchen in Sorrento Valley with an increased production capacity of 400%.

Historical financial performance is not necessarily predictive of future performance.

Forecasted milestones

Hommage Bakehouse forecasts the following milestones:

Open new Hommage Bakehouse Retail Location in Civita properties in San Diego, CA by August 2023.

Achieve $4,400,000 revenue per year by 2024.

Achieve $1,733,000 profit per year by 2024.

Other outstanding debt or equity

As of December 2022, Hommage Bakehouse has debt of $70,000 outstanding and a cash balance of $25,000. This debt is sourced primarily from OnDeck and will be senior to any investment raised on Mainvest. In addition to the Hommage Bakehouse's outstanding debt and the debt raised on Mainvest, Hommage Bakehouse may require additional funds from alternate sources at a later date.

No operating history

Hommage Bakehouse was legally established in June 2021, and financially separated from La Clochette du Coin in April 2022. Accordingly, there are limited financial statements and information for investors to review. When evaluating this investment opportunity, investors should consider factors

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outlined in the risk section as well.

#### Financial liquidity

Hommage Bakehouse has a low liquidity position due to its low cash reserves as compared to debt and other liabilities. Hommage Bakehouse expects its liquidity position to decline upon raising capital on Mainvest and deploying the capital to grow the business.

#### Other challenges

Hommage Bakehouse has had the following other challenges that are not otherwise captured in the Financial Condition Section, the Risks Section, or the Financial Statements:

**Wholesale Revenue:** Wholesale revenue is roughly 50% of the retail revenue opportunity when selling Direct to Consumer rather than Business to Business.

**Delayed Growth:** Hommage was forced to pause its growth for a few months in 2022 due to production constraints in its initial facility while awaiting construction on the larger space.

#### 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 Hommage Bakehouse 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

Hommage Bakehouse 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 highly competitive and could become increasingly competitive with new entrants in the market. Hommage Bakehouse 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 Hommage Bakehouse's core business or the inability to compete successfully against the with other competitors could negatively affect Hommage Bakehouse's financial performance.

#### Reliance on Management

As a securities holder, you will not be able to participate in Hommage Bakehouse's management or vote on and/or influence any managerial decisions regarding Hommage Bakehouse. Furthermore, if the founders or other key personnel of Hommage Bakehouse were to leave Hommage Bakehouse or become unable to work, Hommage Bakehouse (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 Hommage Bakehouse 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, Hommage Bakehouse 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.

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## The Company Might Need More Capital

Hommage Bakehouse 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 Hommage Bakehouse 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 Hommage Bakehouse

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 Hommage Bakehouse's financial performance or ability to continue to operate. In the event Hommage Bakehouse 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 Hommage Bakehouse 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

Hommage Bakehouse 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 Hommage Bakehouse is allowed to stop providing annual information in certain circumstances.

## Uninsured Losses

Although Hommage Bakehouse will carry some insurance, Hommage Bakehouse 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, Hommage Bakehouse 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 Hommage Bakehouse'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 Hommage Bakehouse's management will coincide: you both want Hommage Bakehouse to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Hommage Bakehouse to act conservatively to make sure they are best equipped to repay the Note obligations, while Hommage Bakehouse 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 Hommage Bakehouse 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

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audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Hommage Bakehouse or management), which is responsible for monitoring Hommage Bakehouse's compliance with the law. Hommage Bakehouse 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 Hommage Bakehouse is significantly more successful than your initial expectations.

You Do Have a Downside

Conversely, if Hommage Bakehouse 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 Hommage Bakehouse, and the revenue of Hommage Bakehouse 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 Hommage Bakehouse 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.

Limited Operating History

Hommage Bakehouse is a newly established entity and has no history for prospective investors to consider.

This information is provided by Hommage Bakehouse. 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.

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https://mainvest.com/bhommage-bakehouse-san-diego

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1/24/23, 4:59 PM

Invest in Hommage Bakehouse | Bakery in San Diego, CA

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https://mainvest.com/b/hommage-bakehouse-san-diego

10/15

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Hommage Bakehouse LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** CA

**Date of Organization:** 07-01-2021

**Physical Address:** 4680 CASS ST, SAN DIEGO, CA, 92109

**Issuer Website:** http://www.hommagebakehouse.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:** $100,000.00

**Oversubscription Accepted:** Yes

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

**Maximum Offering Amount:** $124,000.00

**Deadline to Reach Target Amount:** 03-25-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 5.00

**Total Assets (Most Recent Fiscal Year):** $0.00

**Total Assets (Prior Fiscal Year):** $0.00

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

**Cash & Cash Equivalents (Prior Fiscal Year):** $0.00

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

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

**Short-Term Debt (Most Recent Fiscal Year):** $0.00

**Short-Term Debt (Prior Fiscal Year):** $0.00

**Long-Term Debt (Most Recent Fiscal Year):** $0.00

**Long-Term Debt (Prior Fiscal Year):** $0.00

**Revenues/Sales (Most Recent Fiscal Year):** $0.00

**Revenues/Sales (Prior Fiscal Year):** $0.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $0.00

**Cost of Goods Sold (Prior Fiscal Year):** $0.00

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

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

**Net Income (Most Recent Fiscal Year):** $0.00

**Net Income (Prior Fiscal Year):** $0.00

**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:** Hommage Bakehouse LLC

**Signature:** Justin Gaspar

**Title:** Managing Partner

---

**Signature:** Justin Gaspar

**Title:** Managing Partner

**Date:** 01-24-2023