# EDGAR Filing Document

**Accession Number:** 0001819717
**File Stem:** 0001670254-23-000205
**Filing Date:** 2023-3
**Character Count:** 211934
**Document Hash:** 5f0f0db61ecb047901b2197b51c2ae41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000205.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001670254-23-000205

**CONFORMED SUBMISSION TYPE**: C/A

**PUBLIC DOCUMENT COUNT**: 12

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Artesano Rum Corp
- **CENTRAL INDEX KEY:** 0001819717
- **IRS NUMBER:** 660947142
- **STATE OF INCORPORATION:** PR

**FILING VALUES:**
- **FORM TYPE:** C/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31769
- **FILM NUMBER:** 23708190

**BUSINESS ADDRESS:**
- **STREET 1:** CARR 5141 KM 0.7
- **CITY:** JAYUYA
- **STATE:** PR
- **ZIP:** 00664
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** VILLAS DEL ESTE 7
- **CITY:** SAN JUAN
- **STATE:** PR
- **ZIP:** 00926

## Ex-99

### Attached PDF Documents

**Attachment 1:** `document_1.pdf`

# Form C

## Cover Page

Name of issuer:

Artesano Rum Corporation

Legal status of issuer:

Form: Corporation

Jurisdiction of incorporation/Organization: PR

Date of organization: 7/13/2020

Physical address of issuer:

Villas del Este 7

SAN JUAN PR 00926

Website of issuer:

http://www.ronartesano.com

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

CRI number of intermediary:

0001670254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

Amount of compensation to be paid to the intermediary, whether as a dollar amount or a percentage of the offering amount, or a good faith estimate if the exact amount is not available at the time of the filing, for conducting the offering, including the amount of referral and any other fees associated with the offering:

5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the issuer in connection with the offering.

Any other direct or indirect interest in the issuer held by the intermediary, or any arrangement for the intermediary to acquire such an interest:

No

Type of security offered:

☐ Common Stock

☐ Preferred Stock

☐ Debt

☑ Other

If Other, describe the security offered:

Convertible Note

Target number of securities to be offered:

50,000

Price:

$1.00000

Method for determining price:

Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1 each investment is convertible to one share of stock as described under Item 13.

Target offering amount:

$50,000.00

Oversubscriptions accepted:

☑ Yes

☐ No

If yes, disclose how oversubscriptions will be allocated:

☐ Pro-rata basis

☐ First-come, first-served basis

☑ Other

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

Maximum offering amount (if different from target offering amount):

$350,000.00

Deadline to reach the target offering amount:

4/30/2023

NOTE: If the sum of the investment commitments does not equal or exceed the target offering amount at the offering deadline, no securities will be sold in the offering. Investment commitments will be cancelled and committed funds will be returned.

Current number of employees:

3

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $133,337.96 | $105,335.00 |
| Cash & Cash Equivalents: | $20,404.49 | $97,696.25 |
| Accounts Receivable: | $49,300.50 | $0.00 |
| Short-term Debt: | $4,819.15 | $0.00 |
| Long-term Debt: | $0.00 | $0.00 |
| Revenues/Sales: | $49,300.50 | $0.00 |
| Cost of Goods Sold: | $27,188.80 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($93,796.19) | $0.00 |

Select the jurisdictions in which the issuer intends to offer the securities:

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

## Offering Statement

Respond to each question in each paragraph of this part. Set forth each question and any notes, but not any instructions thereon, in their entirety. If disclosure in response to any question is responsive to one or more other questions, it is not necessary to repeat the disclosure. If a question or series of questions is inapplicable or the response is available elsewhere in the Form, either state that it is inapplicable, include a cross-reference to the responsive disclosure, or omit the question or series of questions.

Be very careful and precise in answering all questions. Give full and complete answers so that they are not misleading under the circumstances involved. Do not discuss any future performance or other anticipated event unless you have a reasonable basis to believe that it will actually occur within the foreseeable future. If any answer requiring significant information is materially inaccurate, incomplete or misleading, the Company, its management and principal shareholders may be liable to investors based on that information.

### THE COMPANY

1. Name of Issuer:

Artesano Rum Corporation

### COMPANY ELIGIBILITY

2. ☑ Check this box to certify that all of the following statements are true for the issuer:

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding.
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

INSTRUCTION TO QUESTION 2: If any of these statements are not true, then you are NOT eligible to rely on this exemption under Section 4(a)(6) of the Securities Act.

3. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?

☐ Yes ☑ No

### DIRECTORS OF THE COMPANY

4. Provide the following information about each director (and any persons occupying a similar status or performing a similar function) of the issuer.

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| JOSE J. MUNOZ GONZALEZ | President, Artesano | ARTESANO SPIRITS, CORP | 2020 |
| LUIS JOSE CRUZ RIVERA | COO | ARTESANO SPIRITS, CORP | 2020 |
| Javier Herrera | Rum Maestro | Self-Employed | 2020 |
| Jose Torres | CFO | Self-Employed | 2022 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

### OFFICERS OF THE COMPANY

5. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer.

Officer

JOSE J. MUNOZ GONZALEZ

Positions Held

CEO

Year Joined

2020

| JOSE J. MUNOZ GONZALEZ | President | 2020 |
| --- | --- | --- |
| LUIS JOSE CRUZ RIVERA | Secretary | 2020 |
| LUIS JOSE CRUZ RIVERA | Vice President | 2020 |
| Jose Torres | CFO | 2022 |
| Jose Torres | Treasurer | 2022 |

For three years of business experience, refer to Appendix D: Director & Officer Work History.

INSTRUCTION TO QUESTION 5: For purposes of this Question 5, the term officer means a president, vice president, secretary, treasurer or principal financial officer, comptroller or principal accounting officer, and any person that currently performing similar functions.

## PRINCIPAL SECURITY HOLDERS

6. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power:

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Javier Herrera | 800.0 Common | 32.06 |
| JOSE J. MUNOZ GONZALEZ | 800.0 Common Stock | 32.06 |
| DESTILERIA CRUZ, CORP | 800.0 Common Stock | 32.06 |

INSTRUCTION TO QUESTION 6: The above information must be provided as of a date that is no more than 120 days prior to the date of filing of this offering statement.

To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the person to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 10 days, including through the exercise of any option, warrants or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise to a member that would allow a person to direct or control the voting of the securities (or share in such direction or course) - as, for example, a severance duty should be included as being 'beneficially owned.' You should include an explanation of these circumstances in a footnote to the 'Number of and Class of Securities Now Held.' To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

## BUSINESS AND ANTICIPATED BUSINESS PLAN

7. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

For a description of our business and our business plan, please refer to the attached Appendix A, Business Description & Plan

INSTRUCTION TO QUESTION 7: Webender will provide your company a Webender profile as an appendix (Appendix A) to the Form C in PDF format. The submission will include all Q&A items and 'read more' links to an uncollapsed format. All videos will be transmitted.

This means that any information provided to your Webender profile will be provided to the SEC in response to this question. As a result, your company will be potentially liable for misstatements and omissions in your profile under the Securities Act of 1933, which requires you to provide material information related to your business and anticipated business plan. Please review your Webender profile carefully to ensure it provides all material information, is not false or misleading, and does not omit any information that would cause the information included to be false or misleading.

## RISK FACTORS

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. 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.

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

8. Discuss the material factors that make an investment in the issuer speculative or risky:

We need to create business development structures to properly handle all international markets. If we are unable to handle international markets we may not be able to scale our production and sales.

Trade execution supervision will have to be delegated in part to distributors to keep operational costs low in every market. Relations with distributors may be expensive or unpredictable.

It's important to achieve relevancy to industry stakeholders and implement business model where we can facilitate some level of ownership so we can better compete with big brands. If we're unable to secure that our ability to compete with those brands may be impacted.

Big brands could block our entrance in major supermarkets or liquor store chains since we will not be able to compete with our smaller budget.

COVID-19: Since December 31, 2019 the spread of COVID-19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, and closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in an economic slowdown. Global stock markets have also experienced great volatility and a significant weakening. Governments and central banks have responded with monetary and fiscal interventions to stabilize economic conditions.

The duration and impact of the COVID-19 pandemic, as well as the effectiveness of government and central bank responses remains unclear currently. It is not possible to reliably estimate the duration and severity of these consequences, as well as their impact on the financial position and results of the Company for future periods. Note: this disclosure assumes there is no significant doubt about the entity's ability to continue as a going concern.

This Convertible Note can be repaid at the election of the company receiving the Note. That means investors may be repaid their principal plus interest rather than having the option to receive equity in the company.

Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

ROGELIO MONZON is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.

INSTRUCTION NO QUESTION 8: Avoid generalized statements and include only those factors that are unique to the issuer. Discussion should be tailored to the issuer's business and the offering and should not repeat the factors addressed in the agenda set forth above. No specific number of risk factors is required to be identified.

## The Offering

### USE OF FUNDS

9. What is the purpose of this offering?

The Company intends to use the net proceeds of this offering for working capital and general corporate purposes, which includes the specific items listed in Item 10 below. While the Company expects to use the net proceeds from the Offering in the manner described above, it cannot specify with certainty the particular uses of the net proceeds that it will receive from this Offering. Accordingly, the Company will have broad discretion in using these proceeds.

10. How does the issuer intend to use the proceeds of this offering?

If we raise $50,000

Use of 80% Production & Packaging Costs
Proceeds:

15% Operational expenses, including repaying debt

5% WeFunder intermediary fee

If we raise $350,000

Use of 50% Production & Packaging Costs
Proceeds:

20% Marketing

15% Operational expenses, including repaying debt

10% New market development

5% WeFunder intermediary fee

INSTRUCTION NO QUESTION 10: An issuer must provide a reasonably detailed description of one intended use of proceeds, such that investors are provided with an adequate amount of information in understand how the offering proceeds will be used. If an issuer has identified a range of possible uses, the issuer should identify and describe each probable use and the factors the issuer may consider in allocating proceeds among the potential uses. If the issuer will accept proceeds in excess of the target offering amount, the issuer must describe the purpose, method for allocating oversubscriptions, and intended use of the excess proceeds with similar specificity. Please include all potential uses of the proceeds of the offering, including any that may apply only in the case of oversubscriptions. If you do not do so, you may later be required to amend your Form C. WeFunder is not responsible for any failure by you to describe a potential use of offering proceeds.

### DELIVERY & CANCELLATIONS

11. How will the issuer complete the transaction and deliver securities to the investors?

Book Entry and Investment in the Co-Issuer. Investors will make their investments by investing in interests issued by one or more co-issuers, each of which is a special purpose vehicle ("SPV"). The SPV will invest all amounts it receives from investors in securities issued by the Company. Interests issued to investors by the SPV will be in book entry form. This means that the investor will not receive a certificate representing his or her investment. Each investment will be recorded in the books and records of the SPV. In addition, investors' interests in the investments will be recorded in each investor's "Portfolio" page on the WeFunder platform. All references in this Form C to an Investor's investment in the Company (or similar phrases) should be interpreted to include investments in a SPV.

12. How can an investor cancel an investment commitment?

NOTE: Investors may cancel an investment commitment until 48 hours prior to the deadline identified in these offering materials.

The intermediary will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides notice about the new offering deadline at least five business days prior to 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 prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment.

If an investor does not reconfirm his or her investment commitment after a material change is made to the offering, the investor's investment commitment will be cancelled and the committed funds will be returned.

An Investor's right to cancel. An Investor may cancel his or her investment commitment at any time until 48 hours prior to the offering deadline.

If there is a material change to the terms of the offering or the information provided to the investor about the offering and/or the Company, the investor will be provided notice of the change and must re-confirm his or her investment commitment within five business days of receipt of the notice. If the investor does

not reconfirm, he or she will receive notifications disclosing that the commitment was cancelled, the reason for the cancellation, and the refund amount that the investor is required to receive. If a material change occurs within five business days of the maximum number of days the offering is to remain open, the offering will be extended to allow for a period of five business days for the investor to reconfirm.

If the investor cancels his or her investment commitment during the period when cancellation is permissible, or does not reconfirm a commitment in the case of a material change to the investment, or the offering does not close, all of the investor's funds will be returned within five business days.

Within five business days of cancellation of an offering by the Company, the Company will give each investor notification of the cancellation, disclose the reason for the cancellation, identify the refund amount the investor will receive, and refund the investor's funds.

The Company's right to cancel. The Investment Agreement you will execute with us provides the Company the right to cancel for any reason before the offering deadline.

If the sum of the investment commitments from all investors does not equal or exceed the target offering amount at the time of the offering deadline, no securities will be sold in the offering, investment commitments will be cancelled and committed funds will be returned.

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

Convertible note with $3,000,000.00 valuation cap; 0.000% discount; 9.0% interest.

See exact security attached as Appendix B, Investor Contracts.

Type of Security: Convertible Promissory Notes ("Notes").

Amount to be Offered: The goal of the raise is $50,000.00

Valuation Cap: $3,000,000.00

Discount Rate: None

Maturity Date: 36 months from the Effective Date.

Interest Rate: 9.0%. Interest shall commence with the date of the convertible note and shall continue on the outstanding principal amount until paid in full or converted. Interest is calculated per annum and not compounded.

### Conversion and Repayment

Equity Financing / Conversion. If there is an Equity Financing before the maturity, expiration, repayment, or termination of this Note, the Investor will, at its sole discretion (exercisable upon written notice to the Company), require the Company to: (i) accelerate the repayment of the Note for a cash payment equal to the Principal plus accrued interest; or (ii) receive Convertible Preferred Shares equal to the Principal plus accrued interest divided by the Conversion Price.

Maturity. If an Equity Financing does not occur, on or before thirty-six (36) months after the date of this Note, if the Company has not exercised an Extension as defined below in this subsection, then the Investor shall have the right at its sole option (exercisable upon written notice to the Company) to require the Company to: (i) accelerate the repayment of the Note for a cash payment equal to the Principal plus accrued interest; or (ii) receive from the Company a number of shares or its equivalent of Common Shares equal to the Principal plus accrued interest divided by the Conversion Price. The Company may exercise the following extension (the "Extension"): the Company and Investor shall have the option to mutually agree in writing to extend the Maturity by an additional twelve (12) months, which will be exercised with a written notice to the Investor within at least thirty (30) days before the Maturity (the "Extension"). For clarifications purposes, if the Extension is exercised the maturity will occur the forty-eight (48) months after the Date of this Note.

Liquidity Event. If there is a Liquidity Event before the expiration or termination of this Note, the Investor will, at its option, either (i) receive a cash payment equal to the Principal plus accrued interest if the Liquidity Event were to occur within twelve (12) months from the date of this Note (subject to the following paragraph), or (ii) receive from the Company a number of shares or its equivalent of Common Shares equal to the Principal plus accrued interest divided by the Liquidity Price (the "Liquidity Event Distribution").

Equity Financing® means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Shares at a fixed pre-money valuation and pursuant to which the Company receives gross proceeds of at least five million dollars ($5,000,000.00) in the aggregate (excluding any payments received by the Company pursuant to this Note and all other convertible notes).

### Securities Issued by the SPV

Instead of issuing its securities directly to investors, the Company has decided to issue its securities to the SPV, which will then issue interests in the SPV to investors. The SPV has been formed by Wefunder Admin, LLC and is a co-issuer with the Company of the securities being offered in this offering. The Company's use of the SPV is intended to allow investors in the SPV to achieve the same economic exposure, voting power, and ability to assert State and Federal law rights, and receive the same disclosures, as if they had invested directly in the Company. The Company's use of the SPV will not result in any additional fees being charged to investors.

The SPV has been organized and will be operated for the sole purpose of directly acquiring, holding and disposing of the Company's securities, will not borrow

money and will use all of the proceeds from the sale of its securities solely to purchase a single class of securities of the Company. As a result, an investor investing in the Company through the SPV will have the same relationship to the Company's securities, in terms of number, denomination, type and rights, as if the investor invested directly in the Company.

## Voting Rights

If the securities offered by the Company and those offered by the SPV have voting rights, those voting rights may be exercised by the Investor or his or her proxy. The applicable proxy is the Lead Investor, if the Proxy (described below) is in effect.

## Proxy to the Lead Investor

The SPV securities have voting rights. With respect to those voting rights, the Investor and his, her, or its transferees or assignees (collectively, the "Investor"), through a power of attorney granted by Investor in the Investor Agreement, has appointed or will appoint the Lead Investor as the Investor's true and lawful proxy and attorney (the "Proxy") with the power to act alone and with full power of substitution, on behalf of the Investor to: (i) vote all securities related to the Company purchased in an offering hosted by Wefunder Portal, and (ii) execute, in connection with such voting power, any instrument or document that the Lead Investor determines is necessary and appropriate in the exercise of his or her authority. Such Proxy will be irrevocable by the Investor unless and until a successor lead investor ("Replacement Lead Investor") takes the place of the Lead Investor. Upon notice that a Replacement Lead Investor has taken the place of the Lead Investor, the Investor will have five (5) calendar days to revoke the Proxy. If the Proxy is not revoked within the 5-day time period, it shall remain in effect.

## Restriction on Transferability

The SPV securities are subject to restrictions on transfer, as set forth in the Subscription Agreement and the Limited Liability Company Agreement of Wefunder SPV, LLC, and may not be transferred without the prior approval of the Company, on behalf of the SPV.

14. Do the securities offered have voting rights?

☐ Yes
☑ No

15. Are there any limitations on any voting or other rights identified above?

For the above description of the Proxy to the Lead Investor

16. How may the terms of the securities being offered be modified?

Any provision of this Note may be amended, waived or modified upon the written consent of the Company and the Investor.

Pursuant to authorization in the Investor Agreement between each Investor and Wefunder Portal, Wefunder Portal is authorized to take the following actions with respect to the investment contract between the Company and an investor:

1. Wefunder Portal may amend the terms of an investment contract, provided that the amended terms are more favorable to the investor than the original terms; and
2. Wefunder Portal may reduce the amount of an investor's investment if the reason for the reduction is that the Company's offering is oversubscribed.

## RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

The securities being offered may not be transferred by any purchaser of such securities during the one year period beginning when the securities were issued, unless such securities are transferred.

1. to the issuer;
2. to an accredited investor;
3. as part of an offering registered with the U.S. Securities and Exchange Commission; or
4. to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.

NOTE: The term "accredited Investor" means any person who comes within any of the categories set forth in Rule 501(a) of Regulation D, or who the seller reasonably believes comes within any of such categories, at the time of the sale of the securities to that person.

The term "member of the family of the purchaser or the equivalent" includes a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the purchaser, and includes adoptive relationships. The term "spousal equivalent" means a cohabitant occupying a relationship generally equivalent to that of a spouse.

## DESCRIPTION OF ISSUER'S SECURITIES

17. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Common Stock | 10000 | 2495 | Yes |

Securities Reserved for
Issuance upon Exercise or Conversion

Warrants:

Options:

Describe any other rights:

The company has not yet authorized preferred stock. If the Convertible Note

converts into Preferred Securities, they will have liquidation preferences over the existing Common Stock.

18. How may the rights of the securities being offered be materially limited, diluted or qualified by the rights of any other class of security identified above?

The holders of a majority-in-interest of voting rights in the Company could limit the Investor's rights in a material way. For example, those interest holders could vote to change the terms of the agreements governing the Company's operations or cause the Company to engage in additional offerings (including potentially a public offering).

These changes could result in further limitations on the voting rights the Investor will have as an owner of equity in the Company, for example by diluting those rights or limiting them to certain types of events or consents.

To the extent applicable, in cases where the rights of holders of convertible debt, SAFES, or other outstanding options or warrants are exercised, or if new awards are granted under our equity compensation plans, an Investor's interests in the Company may be diluted. This means that the pro-rata portion of the Company represented by the Investor's securities will decrease, which could also diminish the Investor's voting and/or economic rights. In addition, as discussed above, if a majority-in-interest of holders of securities with voting rights cause the Company to issue additional equity, an Investor's interest will typically also be diluted.

Based on the risk that an Investor's rights could be limited, diluted or otherwise qualified, the Investor could lose all or part of his or her investment in the securities in this offering, and may never see positive returns.

Additional risks related to the rights of other security holders are discussed below, in Question 20.

19. Are there any differences not reflected above between the securities being offered and each other class of security of the issuer?

No.

20. How could the exercise of rights held by the principal shareholders identified in Question 8 above affect the purchasers of the securities being offered?

As holders of a majority-in-interest of voting rights in the Company, the shareholders may make decisions with which the Investor disagrees, or that negatively affect the value of the Investor's securities in the Company, and the Investor will have no recourse to change these decisions. The Investor's interests may conflict with those of other investors, and there is no guarantee that the Company will develop in a way that is optimal for or advantageous to the Investor.

For example, the shareholders may change the terms of the articles of incorporation for the company, change the terms of securities issued by the Company, change the management of the Company, and even force out minority holders of securities. The shareholders may make changes that affect the tax treatment of the Company in ways that are unfavorable to you but favorable to them. They may also vote to engage in new offerings and/or to register certain of the Company's securities in a way that negatively affects the value of the securities the Investor owns. Other holders of securities of the Company may also have access to more information than the Investor, leaving the Investor at a disadvantage with respect to any decisions regarding the securities he or she owns.

The shareholders have the right to redeem their securities at any time. Shareholders could decide to force the Company to redeem their securities at a time that is not favorable to the Investor and is damaging to the Company. Investors' exit may affect the value of the Company and/or its viability.

In cases where the rights of holders of convertible debt, SAFES, or other outstanding options or warrants are exercised, or if new awards are granted under our equity compensation plans, an Investor's interests in the Company may be diluted. This means that the pro-rata portion of the Company represented by the Investor's securities will decrease, which could also diminish the Investor's voting and/or economic rights. In addition, as discussed above, if a majority-in-interest of holders of securities with voting rights cause the Company to issue additional stock, an Investor's interest will typically also be diluted.

21. How are the securities being offered being valued? Include examples of methods for how such securities may be valued by the issuer in the future, including during subsequent corporate actions.

The offering price for the securities offered pursuant to this Form C has been determined arbitrarily by the Company, and does not necessarily bear any relationship to the Company's book value, assets, earnings or other generally accepted valuation criteria. In determining the offering price, the Company did not employ investment banking firms or other outside organizations to make an independent appraisal or evaluation. Accordingly, the offering price should not be considered to be indicative of the actual value of the securities offered hereby.

The initial amount invested in a Convertible Note is determined by the Investor, and we do not guarantee that the Convertible Note will be converted into any particular number of shares.

As discussed in Question 13, when we engage in an offering of equity involving Stock, Investors may receive a number of shares of Preferred Stock calculated as either the conversion price equal to

the lesser of (i) the price paid per share for Equity Securities by the Investors in the Qualified Financing

or (ii) the price equal to the quotient of the valuation cap of $3,000,000.00 (the "Valuation Cap") divided by the aggregate number of outstanding shares of the Company's stock as of immediately prior to the initial closing of the Qualified Financing (assuming full conversion or exercise of all convertible and exercisable securities then outstanding, but excluding the shares of equity securities of the Company issuable upon the conversion of the Notes or any other debt).

Because there will likely be no public market for our securities prior to an initial public offering or similar liquidity event, the price of the Stock that Investors will receive, and/or the total value of the Company's capitalization, will be determined by our board of directors. Among the factors we may consider in determining the price of Stock are prevailing market conditions, our financial information, market valuations of other companies that we believe to be comparable to us, estimates of our business potential, the present state of our development and other factors deemed relevant.

In the future, we will perform valuations of our units that take into account, as applicable, factors such as the following:

- unrelated third party valuations;
- the price at which we sell other securities in light of the relative rights, preferences and privileges of those
- our results of operations, financial position and capital resources;
- current business conditions and projections;
- the marketability or lack thereof of the securities;
- the hiring of key personnel and the experience of our management;
- the introduction of new products;
- the risk inherent in the development and expansion of our products;
- our stage of development and material risks related to our business;
- the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the
- market conditions and the nature and history of our business;
- industry trends and competitive environment;
- trends in consumer spending, including consumer confidence;
- overall economic indicators, including gross domestic product, employment, inflation and interest rates; and
- the general economic outlook.

We will analyze factors such as those described above using a combination of financial and market-based methodologies to determine our business enterprise value. For example, we may use methodologies that assume that businesses operating in the same industry will share similar characteristics and that the Company's value will correlate to those characteristics, and/or methodologies that compare transactions in similar securities issued by us that were conducted in the market.

22. What are the risks to purchasers of the securities relating to minority ownership in the issuer?

An investor in the Company will likely hold a minority position in the Company, and thus be limited as to its ability to control or influence the governance and operations of the Company.

The marketability and value of the investor's interest in the Company will depend upon many factors outside the control of the investor. The Company will be managed by its officers and be governed in accordance with the strategic direction and decision-making of its Board Of Directors, and the investor will have no independent right to name or remove an officer or member of the Board Of Directors of the Company.

Following the investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the investor in the Company. The investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured.

The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the investor's interest in the Company.

23. What are the risks to purchasers associated with corporate actions, including additional issuances of securities, issuer repurchases of securities, a sale of the issuer or of assets of the issuer or transactions with related parties?

Additional issuances of securities. Following the investor's investment in the Company, the Company may sell interests to additional investors, which will dilute the percentage interest of the investor in the Company. The investor may have the opportunity to increase its investment in the Company in such a transaction, but such opportunity cannot be assured. The amount of additional financing needed by the Company, if any, will depend upon the maturity and objectives of the Company. The declining of an opportunity or the inability of the investor to make a follow-on investment, or the lack of an opportunity to make such a follow-on investment, may result in substantial dilution of the investor's interest in the Company.

Issuer repurchases of securities. The Company may have authority to repurchase its securities from shareholders, which may serve to decrease any liquidity in the market for such securities, decrease the percentage interests held by other similarly situated investors to the investor, and create pressure on the investor to sell its securities to the Company concurrently.

A sale of the issuer or of assets of the issuer. As a minority owner of the Company, the investor will have limited or no ability to influence a potential sale of the Company or a substantial portion of its assets. Thus, the investor will rely upon the executive management of the Company and the Board of Directors of the Company to manage the Company so as to maximize value for shareholders. Accordingly, the success of the investor's investment in the Company will depend in large part upon the skill and expertise of the executive management of the Company and the Board of Directors of the Company. If the Board Of Directors of the Company authorizes a sale of all or a part of the Company, or a disposition of a substantial portion of the Company's assets, there can be no guarantee that the value received by the investor, together with the fair market estimate of the value remaining in the Company, will be equal to or exceed the value of the investor's initial investment in the Company.

Transactions with related parties. The investor should be aware that there will be occasions when the Company may encounter potential conflicts of interest in its operations. On any issue involving conflicts of interest, the executive management and Board of Directors of the Company will be guided by their good faith judgement as to the Company's best interests. The Company may engage in transactions with affiliates, subsidiaries or other related parties, which may be on terms which are not arm's-length, but will be in all cases consistent with the duties of the management of the Company to its shareholders. By acquiring an interest in the Company, the investor will be deemed to have acknowledged the existence

of any such actual or potential conflicts of interest and to have waived any claim with respect to any liability arising from the existence of any such conflict of interest.

24. Describe the material terms of any indebtedness of the issuer:

Convertible Note

| Issue date | 12/14/22 |
| --- | --- |
| Amount | $50,000.00 |
| Interest rate | 9.0% per annum |
| Discount rate | 0.0% |
| Valuation cap | $1,500,000.00 |
| Maturity date | 12/15/24 |

Convertible Note

| Issue date | 12/27/22 |
| --- | --- |
| Amount | $10,000.00 |
| Interest rate | 9.0% per annum |
| Discount rate | 0.0% |
| Valuation cap | $3,000,000.00 |
| Maturity date | 12/28/25 |

INSTRUCTION TO QUESTION 24: name the creditor, amount owed, interest rate, maturity date, and any other material terms

25. What other exempt offerings has the issuer conducted within the past three years?

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 12/2020 | Regulation Crowdfunding | SAFE | $215,815 | General operations |
| 2/2021 | Section 4(a)(2) | SAFE | $3,500 | General operations |
| 12/2022 | Section 4(a)(2) | Preferred stock | $200,000 | General operations |
| 12/2022 | Section 4(a)(2) | Convertible Note | $50,000 | General operations |
| 12/2022 | Section 4(a)(2) | Convertible Note | $10,000 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(5) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer;
4. or any immediate family member of any of the foregoing persons.

☑ Yes
☐ No

For each transaction specify the person, relationship to issuer, nature of interest in transaction, and amount of interest.

Destileria Cruz Corp, is a related party due to common ownership. It has the exclusive rights to produce Artesano Rum Corporation products for 3 years.

Destileria Cruz is a partner in the business, and they will be the manufacturing partner for Artesano. Why do it that way? This means Artesano gets the benefit of having a distillery, without the overhead of a distillery. We basically purchase at cost+ finished product from Destileria and we manage the brand and business development. That makes possible positive numbers very early on the business cycle (not guaranteed).

INSTRUCTIONS TO QUESTION 25: The term transaction includes, but is not limited to any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) or any series of similar transactions, arrangement or relationships.

Beneficial ownership for purposes of paragraph 12 shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of this Question and Answer format.

The term "number of the family" includes any child, stepchild, grandchild, parent, acquaint, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the person, and includes adoptive relationships. The term "spousal equivalent" means a substitute occupying a relationship generally equivalent to that of a spouse.

Compare the amount of a related party's interest in any transaction without regard to the amount of the party at least involved in the transaction. Where it is not practicable to state the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☑ Yes
☐ No

28. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

#### **Management's Discussion and Analysis of Financial Condition and Results of Operations**

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

#### **Overview**

We produce and bottle Ron Artesano, a premium handmade rum brand crafted in the mountains of Puerto Rico, the Rum Capital of the World. In 5 years, we hope to be selling Ron Artesano in Puerto Rico, Spain, Germany, Croatia, France and USA. Given the Company's limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

#### **Milestones**

Artesano Rum Corporation was incorporated in the State of Puerto Rico in July 2020.

Since then, we have:

- Our rum is created by one of the top experts in the global rum industry, Javier Herrera from Spain.
- Artesano Añejo's first two (2) batches completely sold out, validating market acceptance.
- Lean business model should allow profits from year #2 (not guaranteed).
- Artesano is created in Puerto Rico, the Rum Capital of the World.
- A federal law called "Rum Cover Over" returns part of the tax paid to sell in the USA to rum makers
- Intended international distribution: Caribbean & USA started by Q2 2023, Europe by Q4 2023.
- Special engraved tin labels make for a superior package experience

#### **Historical Results of Operations**

Our company was organized in July 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.

- *Revenues & Gross Margin.* For the period ended December 31, 2021, the Company had revenues of $49,300.50 compared to the year ended December 31, 2020, when the Company had revenues of $0. Our gross margin was 44.85% in fiscal year 2021.
- *Assets.* As of December 31, 2021, the Company had total assets of $133,337.96, including $20,404.49 in cash. As of December 31, 2020, the Company had $105,335 in total assets, including $97,696.25 in cash.
- *Net Loss.* The Company has had net losses of $93,796.19 and net income of $0 for the fiscal years ended December 31, 2021 and December 31, 2020, respectively.
- *Liabilities.* The Company's liabilities totaled $4,819.15 for the fiscal year ended December 31, 2021 and $0 for the fiscal year ended December 31, 2020.

#### **Related Party Transaction**

Refer to Question 26 of this Form C for disclosure of all related party transactions.

#### **Liquidity & Capital Resources**

To-date, the company has been financed with $60,000 in convertible notes, $200,000 in equity and $219,315 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 6 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don't have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 24 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

#### **Runway & Short/Mid Term Expenses**

Artesano Rum Corporation cash in hand is $30,191 as of December 2022. Over the last three months, revenues have averaged $6,500/month, cost of goods sold has averaged $2,275/month, and operational expenses have averaged $3,000/month, for an average net margin of $1,225 per month. Our intent is to be profitable in 12 months.

After being out of stock for over 5 months, we now have finished product inventory and are ready to start selling our top seller, Artesano Añejo.

We expect our revenues in 3 months to reach around $200,000 for that period.

Most expenses are related to our production cycle, purchase and international transportation of packaging components. Because most expenses for this production run have already been made, we expect expenses in the same period to be about $38,000.

We are almost profitable. We expect to be profitable with around $200,000 of net revenue by end of 2023. We believe we need to raise an additional $200,000 to be cash flow positive, invest money in increasing finished product inventory and start pursuing new markets like USA, Mexico, Brasil & Canada.

In terms of other financing options we are near closing a deal with private investors. In terms of cash burn, it's been controlled because the company is only currently paying half a salary to it's President, Jose Muñoz.

All projections in the above narrative are forward-looking and not guaranteed.

INTERACTIONS TO QUESTION 29. The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial reporting and operational liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether historical trends and cash flows are representative of what revenues should expect in the future. This also assumes the proceeds of the offering and any other known or pending sources of capital. Because how the proceeds from the offering will affect liquidity, whether involving these funds and any other additional funds is necessary to the stability of the business, and how quickly the issuer anticipates using its available cash. Describe the other available sources of capital in the business, such as lines of credit or required contributions by shareholders. References to the issuer in this Question 29 and these instructions refer to the issuer and its predecessors, if any.

## FINANCIAL INFORMATION

29. Include financial statements covering the two most recently completed fiscal years or the period(s) since inception, if shorter:

Refer to Appendix C, Financial Statements

I, JOSE J. MUÑOZ GONZALEZ, certify that:

(1) the financial statements of Artesano Rum Corporation included in this Form are true and complete in all material respects; and

(2) the financial information of Artesano Rum Corporation included in this Form reflects accurately the information reported on the tax return for Artesano Rum Corporation filed for the most recently completed fiscal year.

JOSE J. MUÑOZ GONZALEZ

President, Artesano

## STAKEHOLDER ELIGIBILITY

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2018.

(1) Has any such person been convicted, within 10 years (or five years, in the case of issuers, their predecessors and affiliated issuers) before the filing of this offering statement, of any felony or misdemeanor:

i. in connection with the purchase or sale of any security? ☐ Yes ☑ No
ii. involving the making of any false filing with the Commission? ☐ Yes ☑ No
iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(2) Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 4A(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:

i. in connection with the purchase or sale of any security? ☐ Yes ☑ No
ii. involving the making of any false filing with the Commission? ☐ Yes ☑ No
iii. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities? ☐ Yes ☑ No

(3) Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:

i. at the time of the filing of this offering statement bars the person from:
A. association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☑ No
B. engaging in the business of securities, insurance or banking? ☐ Yes ☑ No
C. engaging in savings association or credit union activities? ☐ Yes ☑ No
ii. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement? ☐ Yes ☑ No

(4) Is any such person subject to an order of the Commission entered pursuant to Section 16(b) or 16(b(c) of the Exchange Act or Section 2000e) or (1) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:

i. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal? ☐ Yes ☑ No
ii. places limitations on the activities, functions or operations of such person? ☐ Yes ☑ No
iii. bars such person from being associated with any entity or from participating in the offering of any penny stock? ☐ Yes ☑ No

(5) Is any such person subject to any order of the Commission entered within five years before the filing of this offering statement that, at the time of the filing of this offering statement, orders the person to cease and desist from committing or causing a violation or future violation of:

1. any counter-based anti-liquid provisions of the federal securities laws, including without limitation Section 17(a)(3) of the Securities Act, Section 10(b) of the Exchange Act, Section 10(c)(3) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder? ☐ Yes ☑ No

2. Section 5 of the Securities Act? ☐ Yes ☑ No

(6) Is any such person suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade?

☐ Yes ☑ No

(7) Has any such person filed (as a registrant or issuer), or was any such person or was any such person named as an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before the filing of this offering statement, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?

☐ Yes ☑ No

(8) Is any such person subject to a United States Postal Service false representation order entered within five years before the filing of the information required by Section 4A(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

☐ Yes ☑ No

If you would have answered "Yes" to any of these questions had the conviction, order, judgment, decree, suspension, expulsion or bar occurred or been issued after May 16, 2018, then you are NOT eligible to rely on this exemption under Section 4(a)(8) of the Securities Act.

INSTRUCTIONS TO QUESTION 10: Final order means a written decision or declaration statement issued to a federal or state agency, described in Rule 3(b)(2)(A) of Regulation Crowdfunding, under applicable statutory authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency.

No matters are required to be disclosed with respect to events relating to any affiliated issuer that occurred before the affiliation event. If the affiliated entity is not (i) in control of the issuer or (ii) under common control with the issuer by a third party that was in control of the affiliated entity at the time of such events.

## OTHER MATERIAL INFORMATION

11. In addition to the information expressly required to be included in this Form, include:

- (1) any other material information presented to investors; and

- (2) such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

The Lead Investor. As described above, each investor that has entered into the Investor Agreement will grant a power of attorney to make voting decisions on behalf of that Investor to the Lead Investor (the "Proxy"). The Proxy is irrevocable unless and until a Successor Lead Investor takes the place of the Lead Investor, in which case, the investor has a five (5) calendar day period to revoke the Proxy. Pursuant to the Proxy, the Lead Investor or his or her successor will make voting decisions and take any other actions in connection with the voting on Investors' behalf.

The Lead Investor is an experienced investor that is chosen to act in the role of Lead Investor on behalf of Investors that have a Proxy in effect. The Lead Investor will be chosen by the Company and approved by Wefunder Inc. and the identity of the initial Lead Investor will be disclosed to investors before investors make a final investment decision to purchase the securities related to the Company.

The Lead Investor can quit at any time or can be removed by Wefunder Inc. for cause or pursuant to a vote of investors as detailed in the Lead Investor Agreement. In the event the Lead Investor quits or is removed, the Company will choose a Successor Lead Investor who must be approved by Wefunder Inc. The identity of the Successor Lead Investor will be disclosed to investors, and those that have a Proxy in effect can choose to either leave such Proxy in place or revoke such Proxy during a 5-day period beginning with notice of the replacement of the Lead Investor.

The Lead Investor will not receive any compensation for his or her services to the SPV. The Lead Investor may receive compensation if, in the future, Wefunder Advisors LLC forms a fund ("Fund") for accredited investors for the purpose of investing in a non-Regulation Crowdfunding offering of the Company. In such as circumstance, the Lead Investor may act as a portfolio manager for that Fund (and as a supervised person of Wefunder Advisors) and may be compensated through that role.

Although the Lead Investor may act in multiple roles with respect to the Company's offerings and may potentially be compensated for some of its services, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of securities issued by or related to the Company. As a result, the Lead Investor's interests should always be aligned with those of investors. It is, however, possible that in some limited circumstances the Lead Investor's interests could diverge from the interests of investors, as discussed in section 8 above.

Investors that wish to purchase securities related to the Company through Wefunder Portal must agree to give the Proxy described above to the Lead Investor, provided that if the Lead Investor is replaced, the Investor will have a 5-day period during which he or she may revoke the Proxy. If the Proxy is not revoked during this 5-day period, it will remain in effect.

Tax Filings, in order to complete necessary tax filings, the SPV is required to include information about each investor who holds an interest in the SPV, including each investor's taxpayer identification number ("TIN") (e.g., social security number or employer identification number). To the extent they have not

already done so, each investor will be required to provide their TIN within the earlier of (I) two (2) years of making their investment or (II) twenty (20) days prior to the date of any distribution from the SPV. If an investor does not provide their TIN within this time, the SPV reserves the right to withhold from any proceeds otherwise payable to the investor an amount necessary for the SPV to satisfy its tax withholding obligations as well as the SPV's reasonable estimation of any penalties that may be charged by the IRS or other relevant authority as a result of the investor's failure to provide their TIN. Investors should carefully review the terms of the SPV Subscription Agreement for additional information about tax filings.

INSTRUCTIONS TO QUESTION 10. If information is presented in accordance in a format, media or other means suitable to be reflected in text or possible document format, the issuer should include:
(a) a description of the material content of each information;
(b) a description of the format in which each disclosure is presented; and
(c) at the date of disclosure in video, audio or other dynamic media or format, a transcript or description of each disclosure.

## ONGOING REPORTING

12. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its website, no later than

120 days after the end of each fiscal year covered by the report.

13. Once posted, the annual report may be found on the issuer's website at:
http://www.ronartesano.com/invest

The issuer must continue to comply with the ongoing reporting requirements until:

1. the issuer is required to file reports under Exchange Act Sections 13(a) or 15(d);
2. the issuer has filed at least one annual report and has fewer than 300 holders of record;
3. the issuer has filed at least three annual reports and has total assets that do not exceed $10 million;
4. the issuer or another party purchases or repurchases all of the securities issued pursuant to Section 4(a)(6), including any payment in full of debt securities or any complete redemption of redeemable securities; or the issuer liquidates or dissolves in accordance with state law.

## APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement
Ron Artesano Convertible Note

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Javier Herrera
JOSE J. MUNOZ GONZALEZ
Jose Torres
LUIS JOSE CRUZ RIVERA

Appendix E: Supporting Documents

ttw_communications_103728_230617.pdf

## Signatures

International misstatements or omissions of facts constitute federal criminal violations. See 18 U.S.C. 1001.

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

SPV Subscription Agreement

Ron Artesano Convertible Note

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Javier Herrera

JOSE J. MUNOZ GONZALEZ

Jose Torres

LUIS JOSE CRUZ RIVERA

Appendix E: Supporting Documents

AFFILIATE OF THE FORT WASHINGTON

ttw\_communications\_103728\_230617.pdf

*Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form C and has duly caused this Form to be signed on its behalf by the duly authorized undersigned.*

Artesano Rum Corporation

By

*Jose J. Muñoz González*

Founder & CEO

*Pursuant to the requirements of Sections 4(a)(6) and 4A of the Securities Act of 1933 and Regulation Crowdfunding (§ 227.100 et seq.), this Form C and Transfer Agent Agreement has been signed by the following persons in the capacities and on the dates indicated.*

legal name

legal name

title

Title

date of birth

mm/dd/yyyy

MM

*Javier Herrera Orta*

CEO

2/9/2023

*Jose Ernesto Torres*

CFO

2/8/2023

*Jose J. Muñoz González*

Founder & CEO

2/8/2023

*The Form C must be signed by the issuer, its principal executive officer or officers, its principal financial officer, its controller or principal accounting officer and to have a majority of the board of directors or persons performing similar functions.*

I authorize Wefunder Portal to submit a Form C to the SEC based on the information I provided through this online form and my company's Wefunder profile.

As an authorized representative of the company, I appoint Wefunder Portal as the company's true and lawful representative and attorney-in-fact, in the company's name, place and stead to make, execute, sign, acknowledge, swear to and file a Form C on the company's behalf. This power of attorney is coupled with an interest and is irrevocable. The company hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of Wefunder Portal taken in good faith under or in reliance upon this power of attorney.

**Attachment 2:** `document_2.pdf`

INVEST IN RON ARTESANO

## Premium rum brand handmade in the mountains of Puerto Rico

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

www.artesano.com

Rum Master & Box

LEAD INVESTOR

Cesar Ralón

As an investor, I am inclined to be a part this newly written award-winning article in the most prominent and important the deeply neutral influences and traditions of Puerto Rico. From the sugar cane fields all the way to the aging sweet, the earth industry can celebrate and enjoy a ultra-premium rum that delights the palates of the sophisticated, while elevating the standard. Artesano Rum features many craft credentials according to the top-quality driven cocktail audiences fulfilling the demand for premium ultra-rums throughout the world and growing.

Invested $2,000 this round & $7,500 previously

## Highlights

1. Our rum is created by one of the top experts in the global rum industry, Javier Herrera from Spain.
2. Artesano Arlejo's first two (2) batches completely sold out, validating market acceptance.
3. Lean business model should allow profits from year #2 (not guaranteed).
4. Artesano is created in Puerto Rico, the Rum Capital of the World.
5. A federal law called "Rum Cover Over" returns part of the tax paid to sell in the USA to rum makers
6. Intended international distribution: Caribbean & USA started by Q2 2023, Europe by Q4 2023.
7. Special engraved tin labels make for a superior package experience

## Our Team

Javier Herrera Rum Maestro

One of the most influential experts in the international rum business. Developer for new rum brands and distilleries. Director for the most prestigious rum festival in Europe, "Congreso Internacional del Rum" in Madrid, Spain & Miami, USA.

1. We are all rum lovers. 2. We all understand the business and the opportunities the business presents because we all have worked in the business for many years. 3. We have a world-class team. 4. Because we know we can actually produce one of the best rums in the world. 5. Because great rum can be effectively exported.

Jose J. Muñoz Gonzalez Founder & CEO

Professional experience of 23+ years includes: Graphic Design, Advertising Creative Direction, Brand Marketing Management for Malta India, Medalla Light & Bacardi. Great problem solving skills and great use of creativity to identify opportunities.

Luis J Cruz-rivera Chief Operations Officer - Distillery

U.S. Army veteran. Serial entrepreneur. Obtained his BS in Electrical Engineering from Prairie View A&M University and graduate work from Stanford University and GA Tech. Supporter of venture capital and hi-tech venture development organizations.

## How this started...

NEW RUM BUSINESS PROOFS

# IN CONCLUSION, THIS IS A WINNING PROJECT BECAUSE:

- Up & running distillery
- We have a World class rum...TODAY.
- Knowledge, experience, commitment & clear vision of the Team
- Scalability & growth potential of the project
- Low Cost Venture
- Rum is the 3rd spirit in the USA and growing (MISR)
- 100% tax exemption on dividend distribution for the first 5 years of operation from personal property, 90% thereafter.
- 50% tax credit
- Rum Cover-Over
- Distribution pipeline in Puerto Rico, USA, Spain, Germany, Czech Republic, China & Brazil (in process).
- We hope to be able to make money and give back to the global arts community, preserve the arts and support the education of future leaders

(Note: the above tax benefits do not apply to investments in this round)

When I started working in the alcoholic beverage business, I fell in love. I loved the energy, the dynamics, and the people. It's a fun business that makes a lot of money...What's not to like?

## When I was working with OTHER rum company, I met Javier.

He was consulting the company I worked for on some technical issues, while I was Brand Marketing Manager for a top globally recognized rum brand. Javier is a very important person in the rum business, and I was assigned the responsibility of coordinating his activities during his visit. We got to spend a lot of time together and we "clicked" immediately.

After Javier met with the Rums of Puerto Rico Director, he understood "Rum Cover-Over".

"Rum Cover Over" is a unique Federal Law that gives back a percentage of the Federal Excise Tax to Puerto Rico rum producers. Between and other manufacturing & tax incentives Puerto Rico is the most profitable place to manufacture rum in the world. That is the reason Bacardi, the #1 rum brand in the world is established in Puerto Rico.

Javier told me he had always dreamt of having his own rum brand, and we agreed to do it in Puerto Rico as partners.

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

After a couple of meetings with investors we immediately realized we needed a Distillery if we wanted to get ARTESANO off the ground...that's how I met Luis Cruz.

We met in a restaurant for lunch, both with our computers. I presented ARTESANO to Luis, he presented his distillery and brand portfolio to me. ARTESANO needed a Distillery, and the Distillery needed a Sales & Marketing person. In that very meeting, we understood we could help each other.

We got started on fine-tuning our plan, discussing go to market strategies, efficiencies, best business models and now...we come to you to help us get the fuel to make ARTESANO really happen. The funding we need is to purchase raw and packaging materials to raise finished product inventories. We need to fund our sales & marketing efforts to make ARTESANO an international brand early in it's existence.

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

"Como empresa puertorriqueña con muchos años de experiencia en la industria, nos enorgullece representar como distribuidora un producto artesanal, hecho en Puerto Rico. Ron Artesano es un proyecto que nos consta está hecho con mucha pasión y mucha ilusión. Ron Artesano cuenta 100% con nuestro apoyo ya que creemos fielmente en la calidad del producto y de la experiencia y entusiasmo de sus ejecutivos."

Carlos Montalvo, Presidente y Fundador de Fine Wine Imports

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

RON ARTESANO BUSINESS PROPOSAL

VALUE PROPOSITION

- ARTESANO is a premium handmade pot-still rum made by one of the top rum consultants in the world: Javier Herrera.
- Artesano is a rum made by creators, for creators.
- Our focus is on industry first. ARTESANO is offering bartenders, business owners and consumers the chance to invest in something they can actually help grow.
- ARTESANO is a complex and balanced expression of Puerto Rico Craft Rum made for International appeal.
- We are offering our consumers to be a part of our journey, to #EnjoyTheProcess

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

RON ARTESANO BUSINESS PROPOSAL

WHY IS THIS A GOOD OPPORTUNITY?

- Huge global market - 141.8MM 9 liter/case global market (IWSR 2016 edition)
- Strong growth markets: With a meteoric projected growth of markets like Venezuela, Dominican Republic, Russia, Honduras, Cuba, Australia, China, Brazil, Argentina & Italy amongst others, there is a huge opportunity for new rum brands in the International market (IWSR 2016 edition)
- RUM IS THE MOST VERSATILE SPIRIT: There are many varieties of rum and even more ways to consume it. There are spiced rums, flavored rums, white rums and aged rums from 2 years all the way to 25 years. You can consume rum heat or in many cocktail recipes.
- Cocktail friendly: As a molasses- or sugar cane-based product, rum is highly mixable and competes well in the high-energy cocktail occasion. As cocktail culture expands globally, rum has the opportunity to expand with it. (IWSR 2016 edition)

## WHY SHOULD CONSUMERS CARE ABOUT US?

The global tendencies are very clear: Consumers are increasingly willing to pay more for great rums.

**Craft rum market sales (2019) expected to expand at a 5.2% CAGR from 2020 to 2027.** Craft Rum Market Share, Tennis & Growth Report, 2020-2027 https://www.grantrummowards.com/industry-analysis/craft-rum-market

**ARTESANO** is the definition of a handmade rum brand, with unique packaging made in the Rum Capital of the World by one of the top experts in the rum industry. Javier Herrera

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

RUN ARTESANO BUSINESS PROPOSAL

## THE DISTILLERY

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

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

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

In Table Distilling Co., right by the newsmen of Jesus Puerto Rico, the rum market is a global complement to the Artesano Distilling Co. market

## THE TEAM

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

FOUNDERS AND SOME BRANDS WE HAVE WORKED WITH

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

**JOHN WENGER**
The Grower
Unit 17 years in the Narcotics and Advertising business. Report in Tennis that's all-points for a large business. Narcotic brand Manager the Puerto Rico's leading local brand, Shields Lights. Narcotic brand Manager for the weekly leading run, Decade, with nine for nine locations. Narcotics Manager the 4-time and 6-time Narcotics

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

**LATE J. CRUZ**
"We Make It Happen"
U.S. Army science, Social arrangement. Obtained 16,000 in Physical Engineering from Phyllis Tines (A&M University) and graduate from Paris (Neville) University and Ed. Holt. Supporter of various capital and foreign women development organizations.

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

**JAVIER HERRERA**
Ruta Manchu
One of the most influential experts in the international rum business. Dean saw for new rum brands and company. The results for the most prestigious rum festival in Europe, Congress, international rum, in Oxford, Spain & Miami, USA.

WHO IS JAVIER HERRERA?

- One of the most influential experts in the international rum business
- Global Business Advisor with especially in the Rum Business. We are working together in the field of management, getting the right to promotion, with the final conduct in the field - some are involved in the
- Director for the International Congress of Rum since 2012, one of the most important areas of the rum business, one of the world - promoting world's rum
- President and founder of 'Rum Club International' brand in Madrid
- Quality control and/or for companies of the rum world through the international organization I.R.C., with such business as the Swiss plants, barbers, aging shops, fields of care, as well as all the processes to date in a great way
- Collaborator in different gastronomic and beverage magazines like 'Golf Rum', 'The Business', etc.
- Rum tasting, Judges of different competitions, and use the competition
- Professor of the Chamber of Commerce of Madrid in the Superior course of distilleries with specialization on Rum. Professor in the School of Hospitality of the school of the Mediterranean in the course 'Master of Spirits' within the world of rum
- Trainer for company sessions in the world of distilleries
- Lecturer in various countries
- Technical director for rum campaigns in Europe & Marketing
- Managing member of A.M.S., the largest rum market association in Spain

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

# NEW RUM BUSINESS PROPOSAL - JAVIER HERRERA

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

http://congresidelrum.com/ww/prensa/

# NEW RUM BUSINESS PROPOSAL - JAVIER HERRERA

![img-15.jpeg](img-15.jpeg)

House of Angostura, France

Le Festival du Rhum, Haiti

Rhum Rum Fest

# NEW RUM BUSINESS PROPOSAL - JAVIER HERRERA

![img-16.jpeg](img-16.jpeg)

Rhum Businesses, Haiti

Le Vin des Arts Événements du Rhum

![img-17.jpeg](img-17.jpeg)

With Leonardo Pinto and Ron Noni
J Herrero at Dead Rabbit NYC.

# NEW RUM BUSINESS PROPOSAL - JAVIER HERRERA

![img-18.jpeg](img-18.jpeg)

![img-19.jpeg](img-19.jpeg)

![img-20.jpeg](img-20.jpeg)

ADVISORS

Leslie Cofresi
& Robert Berdecia,
owners LA FACTORIA
#32 World's Top 50 Bars.

Advisors, Updated in 2013, La Factoria in Old San Juan, Puerto Rico. With its tropical cocktails inboard with color, La Factoria has a sense of place, but maintains the international standards which have made it a stalwart of The World's 50 Best Bars, now in its fifth year. Incredible cocktails harnessing local flavors, some of the best hospitality on the island and an authentic atmosphere that seeps out of every crack of paint in the walls. An homage to Puerto Rico and its people.

![img-21.jpeg](img-21.jpeg)

What makes Ron Artesano different?
1. We produce all our rums in small batches using our beautiful hybrid Arnold Holstein-Copper Pot Still, which makes for more mangrove rums. 2. We age our rums in the mountains of Jayaya where the air is fresh, water is clean and the very humid and changing climate makes for grating. We focus first on quality and creativity, then on quantity.

ARTESANO
ANEJO
SUPER PREMIUM
HANDMADE RUM

Every bottle is unique. Labeled and numbered by hand. Main label is made from engraved ink, hand pointed in France.

Ron Anejo. Runes are made of white flakes, such as raisins, figs or dates, aromas of cane honey and turkey. Labeled from both small and white rums.

Sawdust flake can save, simple, unloaded foots.

![img-22.jpeg](img-22.jpeg)

# ARTESANO BLANCO
## SUPER PREMIUM HANDMADE RUM

The freshly rare case is very present both in aroma and on the palate. This is an essentials act of the kind where sugar can grow. Our white rum is a complex with character, which was given by our natural Heli.com, copper pot still and rum market, in our history.
Made to enjoy both its cocktails, mixed or simply with a little course or how a sugar allured in the rum.

![img-23.jpeg](img-23.jpeg)

### PUERTO RICO RUM MARKET - COMPETITORS

![img-24.jpeg](img-24.jpeg)

**Strength**
- Market leaders in big cities
- Loads to urban and rural cities
- Consistent brand message
- Models
- Solid distribution
- Smart brand usage
- Hard to life perception
- Not a license
**Weaknesses**
- Neutral focus profile similar to today's off to today

![img-25.jpeg](img-25.jpeg)

**Strength**
- Delivered in Puerto Rico
- New economic packaging
- Strong differences
- Brand White Center
**Weaknesses**
- Not identified as lead rum in Puerto Rico
- Identified as a continuous brand, our promotion of cash is top quality ratio

![img-26.jpeg](img-26.jpeg)

**Strength**
- Market leaders in small cities (20% of 8.3%)
- Aggressive price proposition
- Solid distribution
**Weaknesses**
- Not perceived as a good quality product
- New acceptance in high, low-priced
- One 40% of their sales come from 2010/11/31

![img-27.jpeg](img-27.jpeg)

**Strength**
- Strong heritage
- Remains promotion by R&D, efficient market
- Investment in the combination of the best product
- Real estate of experience
**Weaknesses**
- Distribution
- No trade can
- Stay the only product that ever ever

### RON ARTESANO BUSINESS PROPOSAL

## FUNDING NEEDED

$50,000 minimum that will be used to:

- 50% Production & Packaging Costs
- 20% Marketing
- 20% Operational expenses
- 10% New market development

![img-28.jpeg](img-28.jpeg)

### RON ARTESANO BUSINESS PROPOSAL

## TARGET MARKET - SHORT-TERM FOCUS (IN ORDER)

Our goal is to achieve 1% Total Market Share in any market we establish. Total sales in target markets: 30,971,000. 1% Total Market Share: 309,710 cases by the 10th year we establish in each market

1. Puerto Rico: 480,000 cases sold annually Local market. Distributor is Fine Wine Imports.
2. USA: 22,076,000 cases sold annually
3. Rest of Caribbean (not Puerto Rico): 500,000 cases sold annually
4. Canada: 3,272,000 cases sold annually. Potential distributor Caliber Fine Wines & Spirits.
5. Germany: 4,430,000 cases sold annually. Potential distributor ATF GmbH, established in Hamburg, Germany (letter of intent!)
6. Spain: 2,485,000 cases sold annually - Javier's main market of influence. Potential distributor Fencatiza Paseo, established in Chicago, Spain (letter of intent!)

![img-29.jpeg](img-29.jpeg)

![img-30.jpeg](img-30.jpeg)

# RON ARTESANO BUSINESS PROPOSAL

# PROFIT & LOSS

| Projected Profit Before | 2012 | 2013 | 2014 | 2015 | 2016 |
| --- | --- | --- | --- | --- | --- |
| Revenue | $744,454 | $1,177,381 | $1,983,819 | $1,983,742 | $1,978,000 |
| Direct Costs | $125,244 | $757,740 | $1,023,672 | $1,745,920 | $1,681,770 |
| Direct Margin | $81,414 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Direct Margin % | 40% | 40% | 40% | 41% | 41% |
| Operating Expenses | $63,200 | $345,710 | $998,012 | $1,012,111 | $1,012,000 |
| Operating Benefits | $27,500 | $100,000 | $400,000 | $400,000 | $1,000,000 |
| Accrued Expense | $1,667 | $50,000 | $50,000 | $1,000 | $50,000 |
| Income Taxes | $12.00 | $10,000 | $10,000 | $10,000 | $10,000 |
| Depreciation and Depreciation |  | 0% | $27,571 | $27,774 | $27,000 |
| Debt or Loss from State of Texas |  |  |  |  | $20,000 |
| Total Expense | $100,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Net Profit | $18,000 | $101,000 | $101,000 | $101,000 | $1,000,000 |
| Net Profit % | 13% | 10% | 13% | 13% | 10% |

SALES OR ANY OTHER PROJECTIONS ARE NOT GUARANTEED. THIS DOES NOT CONSIDER COVER OVER VOLUME, NOR TAX CREDITS. NUMBERS MAY ELECTIVATE DUE TO CHANGES IN PROMOTED ONCE WE DEFINE SPECIFIC SALES, DISTRIBUTION & INSPECTION STRATEGIES PER EACH COUNTRY.

![img-31.jpeg](img-31.jpeg)

The above slide contains forward projections which cannot be guaranteed.

NEW RUM BUSINESS PROPOSAL

## WHAT WE EXPECT - BEING ACQUIRED BY A GLOBAL COMPANY

- $40,000,000 in 7 years - Valuation calculated by using projected Revenues of years 7 & 8
- $70,000,000 in 10 years - Valuation calculated by using projected Revenues of years 7 & 8

Acquisitions in the spirits industry typically range from five to twenty times the company's operating income (EBITDA) or 2 to 2.5 times gross annual earnings. Our forecast is base on 25% yearly growth, resulting in a minimum return on investment (ROI) for our investors of 10x their investment.

The above slide contains forward projections which cannot be guaranteed.

NEW RUM BUSINESS PROPOSAL

### CAN THIS HAPPEN?

When development of Campbell Group first entered into "exclusive negotiations" to buy thursentimes. The agreement between the two parties, which is valued at €60 million (US$66m) was signed on the 5th of September 2019.

The deal includes the brands, the land holdings, the distilleries and motor centres, as well as a high-quality asset rare inventory. It's a serious job for rhum agricole, which occupies a tiny share of global rum production, producing rum from fresh sugar cane juice as opposed to the vast majority of runs, which are made from molasses.

![img-32.jpeg](img-32.jpeg)

![img-33.jpeg](img-33.jpeg)

Note: above exit potentials are not guaranteed for Ron Artesano.

NEW RUM BUSINESS PROPOSAL

### CAN THIS HAPPEN?

Ron Zacapa
Diageo completed the purchase of a 50% controlling stake in Zacapa for £150m in July 2011 following the expiration of a three-year distribution deal with the brand.

![img-34.jpeg](img-34.jpeg)

NEW RUM BUSINESS PROPOSAL

### CAN THIS HAPPEN?

Ron Diplomatie
Brown Forrest will buy the brand and its assets, including a production facility in Moscow, from its own site. She's a top 50% gap. Diplomatie will become the first run in the Brown Forrest's portfolio.

The firm noted that sugar premium gifts can be grown at an annual rate of 17% over the past five years, with cost accounting for approximately 8% of upside.

Diplomatie firm will join our expansion portfolio, giving Brown Forrest a certain facility, using its own full pricing as an extension care company, and become offering investment in CEO, Brown Forrest.

This could put it another in the top 50% position, giving brand processing and a combined selling plan. Diplomatie has been a study in the firm's growth with Brown Forrest, one of the world's most well-used top 50% and other companies. The dominant company, the first in the top 50% position, is the Macao, which is the current company.

![img-35.jpeg](img-35.jpeg)

NEW RUM BUSINESS PROPOSAL

## CAN THIS HAPPEN?

Our conservative projections present the 5th year with total sales of 29,925 9t cases and revenues of approximately $5MM.

We believe these numbers are possible, and ARTESANO could be for rum what Tite's is for Vodka, and Casamigos for Tequila.

![img-36.jpeg](img-36.jpeg)

NEW RUM BUSINESS PROPOSAL

## WHAT IS THE RUM COVER-OVER?

• It's a Federal grant that started for Puerto Rico in 1913.
• Under the Federal Rum Excise Tax Cover-Over Program, the Government of Puerto Rico currently receives a refund of $13.20 per proof gallon from the $13.20 excise tax that is imposed upon every proof gallon of rum sold in the United States. These funds are used to provide incentives to the Puerto Rico rum industry to offset marketing promotion and production costs. Currently, Puerto Rico is offering rum manufacturers incentives of around 40% of the rum rebate revenue generated from branded rum sales and 20% from bulk rum sales. Furthermore, the Government of Puerto Rico provides an additional 11% for bulk rum sales to be used as an incentive for the benefit of the third-party purchaser of bulk rum. In return, rum producers that have currently signed agreements with the Government of Puerto Rico have agreed to maintain a minimum level of production in Puerto Rico for a period of twenty years.

![img-37.jpeg](img-37.jpeg)

![img-38.jpeg](img-38.jpeg)

![img-39.jpeg](img-39.jpeg)

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

*'As a leading figure in the Puerto Rican cocktail and Bar scene we fully support the efforts of Ron Artesano in creating a truly Artisanal rum. They've become an asset to the local distilling community by incorporating the use of copper pot stills in their production, not just following what has become the traditional method of industrial rum making for Puerto Rican Rum Brands. We believe Artesano will become a historic brand by showing the industry - locally and internationally - that Puerto Rico can make Pot Still Rums. We're eager to show the world what this Puerto Rican Rum can do!'*

Leslie Cofresi

Owner - La Factoria (#54 Worlds Top 50 Bars 2022 / #12 North America's Top 50 Bars)

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

*Ron Artesano es una de las propuestas más apasionadas que he tenido la oportunidad de compartir. Desde el primer tornillo que va en el alambique, hasta su grandiosa estrategia de destilación, su compendio de sabores que encontramos en la botella hace de este ron único e interesante. Lo que todo producto artesanal corresponde.*

*Mis mejores deseos y el mayor de los éxitos.*

David Rivera (Mashyunc) #cigalandelabarra

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

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

Dentro de mis 15 años de experiencia, me enfrento ante Ron Artesano confeccionado en Jayaya, PR, único en su clase. Desde su impresionante etiqueta pintada a mano, su proceso de destilación y su añejamiento tropical por manos boricuas, es un sueño embotellado. Logrando así un riquísimo ron con cuerpo, resaltando notas de vainilla, tostado y caramelo. Ron Artesano es perfecto para disfrutarlo tanto en cócteles, neat o a las rocas, perfecto para ser acompañado de un buen cigarro. Todo esto es posible gracias a su complejidad y su final tan sedoso como elegante.

Paola Torres, Head Bartender, Bar La Unidad - Worlds Top 500 Bars

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

Ron Artesano, un Ron elaborado con Amor desde Jayaya P.R. Una de las mejores expresiones de Ron hechas en los últimos tiempos, elegante, delicado por con gran presencia a la hora de confeccionar cócteles, lo uso a diario en una de las mejores barras del mundo. Tanto el Blanco como el Añejo te dejara deseando más. Indiscutiblemente uno de los mejores Rones en su categoría.

Joey Fernandez, Head Bartender, La Factoria - Worlds Top 50 Bars

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

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

Ron Artesano is a unique, one-of-a-kind rum that comes from the beautiful island of Puerto Rico. Tradition + Innovation characterizes these original flavor profiles. It's exciting and definitely a talking piece for any real rum aficionado and professional. As a collector and spirits professor, this is a must have for any rum aficionado and cocktail bar.

Carlos Santiago - Master bartender - Advanced Mixology Bartending

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

Es un Ron muy versátil a la hora de hacer Coctelería y para tomar solo como lo es Artesano Adejo. El Ron Blanco tienen unos perfiles para trabajar Coctelería Tropical y Bohique Ron de especias esta bueno para elaborar Coctelería exótica Tropical Tiki o tomarse sólo son unos rones perfectamente balanceado en Boca lo mejor lo mejor es que se hace en Puerto Rico.

Yeye Ortega, Master bartender & Tiki Cocktail Specialist

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

Ron Artesano, the finest rum produced in Jayuya Puerto Rico. Great flavor, blend aroma and excellently aged. From our heart land. Ideal to blend or sip. This will be one of the most appreciated rums worldwide.

Cheers!

Dr. José Tural

Economics Professor

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

*'There has been very little transformation in the spirits market in recent history but ARTESANO is about to revolutionize the world of rum. I want to be part of it and so should you!'*

Henry Irisarry

Accomplished International Business Executive & Global Strategy Visionary

**Attachment 3:** `document_3.pdf`

# Subscription Agreement

[INVESTMENT AMOUNT]

[INVESTMENT DATE]

Ron Artesano I (the "SPV"), a series of Wefunder SPV, LLC (the "LLC"), is a special purpose vehicle that will invest all of its assets in securities issued by Artesano Rum Corporation (the "Company"). By making an investment in the SPV through the Wefunder website, I understand and agree to the representations set forth below.

I have reviewed the following information and documents in connection with this Subscription Agreement:

1. The information on the Wefunder website about the Company, I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that none of Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or Wefunder Advisors, LLC, nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
2. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
3. The Series Appendix, an appendix to the Wefunder SPV, LLC limited liability company agreement (the "LLC Agreement"), which sets forth certain specific terms of the SPV;
4. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
5. The LLC Agreement, which sets forth other terms applicable to each SPV;
6. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
7. The Wefunder Investor Agreement; and
8. The Wefunder Terms of Service.

By making an investment in the SPV through the Wefunder website, I agree to be bound by this Subscription Agreement and the terms of the other agreements listed above with respect to my investment in the SPV.

# Subscription Agreement

# SCOPE OF AGREEMENT AND INVESTOR ELIGIBILITY
REPRESENTATIONS

A. This agreement ("Agreement") applies to each investment in a series ("SPV") of Wefunder SPV, LLC (the "LLC"). Each series is a separate pool of assets from every other series. Each SPV will invest all of its assets in securities issued by a single company ("Company") as set forth in the applicable series appendix ("Series Appendix") to the Wefunder SPV, LLC limited liability company agreement (LLC Agreement). The terms of the Company securities to be purchased by the SPV are summarized in an appendix ("Terms Appendix") attached to this Agreement.
B. Each SPV is formed by and operated by Wefunder Admin, LLC on behalf of the Company in whose securities that SPV invests.
C. Important information about the Company, about the related SPV, and more generally about investments through the Wefunder website, is available through the Wefunder website. The Investor should review that information, and all relevant Company Information (as defined below), carefully before making an investment in any SPV.
D. Each SPV will offer membership interests ("Interests") in that SPV pursuant to Regulation Crowdfunding under the U.S. Securities Act of 1933, as amended (the "Securities Act").
E. You hereby agree that each time you make an investment in any SPV, you will be deemed to have entered into this Agreement, and will be deemed to have made each representation and covenant contained in this Agreement.
F. Except as the context otherwise requires, any reference in this Subscription Agreement to:

1. a "SPV" shall mean "The LLC acting solely on behalf of and for the account of the SPV";
2. "Investor" and "you" shall mean a person (whether individually, jointly with another person, or through his or her individual retirement account) who has agreed to invest, or has invested, in any SPV; and
3. "Company Information" means:

a. The information on the Wefunder website about the Company. I acknowledge that this information was prepared solely by either the Company or a third party whose work has been verified by the Company, and that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or Wefunder Advisors, LLC (together, the "Wefunder entities," nor any of their affiliates, employees or agents, are responsible for the adequacy, completeness, or accuracy of this information;
b. The Form C relating to this investment, which provides information about investment in the Company through the use of the SPV;
c. The Series Appendix, an appendix to the Wefunder SPV, LLC limited liability company agreement (the "LLC Agreement"), which sets forth certain specific terms of the SPV;
d. The Terms Appendix, which summarizes the terms of the Company securities to be purchased by the SPV;
e. The LLC Agreement, which sets forth other terms applicable to each SPV;
f. This Subscription Agreement, which sets forth the terms governing your investment in the SPV, and that sets forth certain representations you are making in connection with your investment in the SPV;
g. The Wefunder Investor Agreement; and
h. The Wefunder Terms of Service.

INVESTOR'S REPRESENTATIONS AND COVENANTS

# 1. Investor's Review of Information and Investment Decision

1.1. The Investor has carefully read and understands the Company Information. The Investor acknowledges that it has made an independent decision to invest indirectly in the Company through the SPV and that, in making its decision to invest in a SPV, the Investor has relied solely upon the Company Information, any other relevant information on the Wefunder website, and independent investigations made by the Investor. The Investor understands that no representations or warranties have been made to the Investor by the LLC, the relevant SPV, any administrator appointed from time to time with respect to the SPV (the "Administrator"), any lead investor appointed from time to time with respect to the SPV (the "Lead Investor"), or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them regarding the Company.

1.2. The Investor has been provided an opportunity to request additional information concerning the Company and the offering through the Ask A Question feature on wefunder.com.

1.3. The Investor understands and agrees that neither Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC, any of their affiliates, nor any director, manager, officer, shareholder, member, employee or agent of Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC or any of their affiliates (each, a "Wefunder Party," and collectively, "Wefunder Parties") shall be liable in connection with any information or omission of information contained in materials prepared or supplied by the Company. Such materials may include, but are not limited to, information provided by the Company in the Form C related to the offering, information available through the Wefunder website, and materials distributed to the Investor by the SPV on behalf of a Company.

1.4. The Investor represents and agrees that no Wefunder Party has recommended or suggested any investment in a SPV, or any investment related to a Company, to the Investor.

1.5. Investor understands that no Wefunder Party is an adviser to Investor, and that Investor is not an advisory or other client of any Wefunder Party.

1.6. The Investor is not relying on any Wefunder Party or any other person or entity with respect to the legal, accounting, business, investment, pension, tax or other economic considerations involved in this investment other than the Investor's own advisers that are not affiliated with any of the foregoing persons.

1.7. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of the Investor's investment in the SPV and is able to bear such risks. The Investor has obtained, in the Investor's judgment, sufficient information to evaluate the merits and risks of such investment. The Investor has evaluated the risks of investing in the SPV, understands there are substantial risks of loss incidental to the purchase of an Interest and has determined that the Interest is a suitable investment for the Investor and consistent with the general investment objectives of the Investor.

# 2. Investor's Representations Related To Investment in a SPV.

2.1. The Investor is acquiring the Interest for its own account, for investment purposes only and not with an intent to resell or distribute the Interest (or any distributions received from the SPV in whole or in part), and the Investor agrees that it will not sell or otherwise transfer the Interest unless in compliance with Regulation Crowdfunding and other applicable securities laws, and with the terms and conditions of this Agreement.
2.2. The Investor's investment in the Interest is consistent with the investment purposes, objectives and cash flow requirements of the Investor and will not adversely affect the Investor's overall need for diversification and liquidity.
2.3. The Investor has all requisite power, authority and capacity to acquire and hold the Interest and to execute, deliver and comply with the terms of each of the instruments required to be executed and delivered by the Investor in connection with the Investor's subscription for the Interest, including without limitation this Subscription Agreement, and such execution, delivery and compliance does not conflict with, or constitute a default under, any instruments governing the Investor, any law, regulation or order, or any agreement or other undertaking to which the Investor is a party or by which the Investor may be bound. If the Investor is an entity, the person executing and delivering each of such instruments on behalf of the Investor has all requisite power, authority and capacity to execute and deliver such instruments, and, upon request by the SPV, will furnish to the SPV a true and correct copy of any instruments governing the Investor, including all amendments thereto. The signature on each of such instruments is genuine and each of such instruments constitutes a legal, valid and binding obligation of the Investor enforceable against the Investor in accordance with its terms.
2.4. The Wefunder Parties are each hereby authorized and instructed to accept and execute any instructions in respect of the Interest given by the Investor in written or electronic form. The Wefunder Parties may rely conclusively upon and shall incur no liability in respect of any action take upon any notice, consent, request, instructions or other instrument believed in good faith to be genuine or to be signed by properly authorized persons of the Investor.
2.5. Pursuant to the requirements of Treas. Reg. § 301.6109-1(c), the Investor has provided, or agrees to provide upon the earlier of (i) two years of an acquisition of an Interest or (ii) twenty (20) days before any distribution is to be made from the SPV, his, her or its taxpayer identification number (e.g., social security number or employer identification number) under penalties of perjury and has or will attest that the Internal Revenue Service has not notified the Investor that he, she or it is subject to backup withholding.

# 3. The Manager Has The Right To Reject Any Subscription, In Whole Or In Part.

3.1. The Investor understands that the SPV will not register as an investment company under the U.S. Investment Company Act of 1940, as amended (the "Investment Company Act"), nor will it make a public offering of its securities within the United States.
3.2. The Investor understands that the value of all investments in any SPV made through individual retirement accounts ("IRAs") must be less than \(25\%\) of the value of the SPV's assets.

3.3. If the Investor is investing in a SPV through an employee benefit plan of any kind, including an individual retirement account (the "Plan"), and an individual or entity (the "Fiduciary") has entered into this Agreement on behalf of the Plan, the Fiduciary hereby makes the following representations, warranties, and covenants:

i. The Fiduciary is a fiduciary of the Plan who is authorized to invest Plan assets or is acting at the direction of a Plan fiduciary authorized to invest Plan assets. The Fiduciary has determined that an investment in the Fund is consistent with the Fiduciary's responsibilities to the Plan under Employee Retirement Income Security Act of 1974, as amended ("ERISA") or other applicable law, and is qualified to make such investment decision. The Fiduciary is authorized to make all representations, covenants and agreements set forth in this Agreement about and on behalf of the Investor, and the Fiduciary hereby agrees that, except for the representations, covenants and agreements contained in this section 3.3, all representations, covenants and agreements contained in this Agreement are made on behalf of the Investor who is investing through the Plan.

ii. The execution and delivery of this Subscription Agreement, and the investment contemplated hereby has been duly authorized by all appropriate and necessary parties pursuant to the provisions of the instrument or instruments governing the Plan and any related trust; and (B) will not violate, and is not otherwise inconsistent with, the terms of such instrument or instruments.

iii. The Fiduciary acknowledges that the assets of the Fund will be invested in accordance with the Company Information related to that Fund.

iv. The Plan's purchase and holding of an Interest will not constitute a non-exempt transaction prohibited under ERISA, Section 4975 of the Internal Revenue Code (the "Code"), or any similar laws or other federal, state, local, foreign or other laws or regulations applicable to the Plan and its investments. None of the Wefunder entities nor any of their affiliates, agents, or employees: (A) exercises any authority or control with respect to the management or disposition of assets of the Plan used to purchase an Interest; (B) renders investment advice for a fee (pursuant to an agreement or understanding that such advice will serve as a primary basis for investment decisions and that such advice will be based on the particular investment needs of the Plan), with respect to such assets of the Plan, or has the authority to do so, or (C) is an employer maintaining or contributing to, or any of whose employees are covered by, the Plan.

v. The Fiduciary understands and agrees to the fee arrangements described in the Company Information.

vi. The Fiduciary understands and agrees that, to prevent the assets of the SPV from being treated as "plan assets" for purposes of ERISA and Section 4975 of the Code, the Investor may be prohibited from purchasing or acquiring an Interest or may be required to redeem its Interest or a portion thereof.

3.4. The Investor acknowledges that the SPV and any Administrator, on the SPV's behalf, may not accept any investment from an Investor if the Investor cannot truthfully make the representations contained herein.

4. The Correctness And Accuracy Of All Information Provided By Investor To The LLC Or The SPV.

4.1. The Investor confirms that all information and documentation provided to the LLC, the SPV, and any Administrator, including, but not limited to, all information regarding the Investor's identity, taxpayer identification number, the source of the funds to be invested in the SPV, and the Investor's eligibility to invest in offerings under Regulation Crowdfunding, is true, correct and complete. Should any such information change or no longer be accurate, the Investor agrees and covenants that they will promptly notify the Wefunder Parties of such changes via the wefunder.com platform. The Investor agrees and covenants that he, she or it will maintain accurate and up-to-date contact information (including email and mailing address) on the wefunder.com platform and will promptly update such information in the event it changes or is no longer accurate.

4.2. The representations, warranties, agreements, undertakings and acknowledgments made by the Investor in this Subscription Agreement will be relied upon by the LLC, the SPV, and any Administrator in determining the Fund's compliance with federal and state securities laws, and shall survive the Investor's admission as a Member of the SPV.

4.3. All information that the Investor has provided to the LLC, the SPV, and any Administrator concerning the knowledge and experience of financial, tax and business matters of the Investor is correct and complete.

# 5. The Wefunder Parties' Right To Use Investor Information.

5.1. The Investor agrees and consents to the Wefunder Parties, their delegates and their duly authorized agents and any of their respective related, associated or affiliated companies obtaining, holding, using, disclosing and processing the Investor's data:

a. to facilitate the acceptance, management and administration of the Investor's subscription for an Interest on an on-going basis;
b. for any other specific purposes where the Investor has given specific consent to do so;
c. to carry out statistical analysis, market research, and tracking of investment performance over time;
d. to comply with legal or regulatory requirements applicable to the SPV and any Administrator or the Investor, including, but not limited to, in connection with anti-money laundering and similar laws;
e. for disclosure or transfer to third parties including the Investor's financial adviser (where appropriate), regulatory bodies, auditors, technology providers or to the SPV, any Administrator, any Lead Investor, and their delegates or their duly appointed agents and any of their respective related, associated or affiliated companies for the purposes specified above;
1. If the contents thereof are relevant to any issue in any action, suit or proceeding to which the LLC, the SPV, any Administrator, any Lead Investor, or their affiliates are a party or by which they are or may be bound;
g. for other legitimate business of the LLC, the SPV, any Administrator, or any Lead Investor.

5.2. The Investor acknowledges and agrees that it will provide additional information or take such other actions as may be necessary or advisable for the SPV or any Administrator (in the sole judgment of the SPV and/or any Administrator) to comply with any disclosure and compliance policies, related legal process or appropriate requests (whether formal or informal) or otherwise.
5.3. The Investor agrees and consents to disclosure by the LLC, the SPV and any of their agents, including any Administrator or any Lead Investor, to relevant third parties of information pertaining to the Investor in respect of disclosure and compliance policies or information requests related thereto. Without limiting the generality of the foregoing, the Investor agrees that information about the Investor may be provided to the Company in whose securities a SPV will or proposes to invest.
5.4. The Investor authorizes the LLC, the SPV, any Administrator, and each SPV service provider to disclose the Investor's nonpublic personal information to comply with regulatory and contractual requirements applicable to the SPV and its investments. Any such disclosure shall be permitted notwithstanding any privacy policy or similar restrictions regarding the disclosure of the Investor's nonpublic personal information.

# 6. Key Risk Factors

6.1. The Investor understands that investment in a SPV may involve a complete loss of the Investor's investment. In this regard, the Investor understands that such venture investments involve a high degree of risk, and that many or most venture company investments lose money. An Investor may ultimately receive cash, securities, or a combination of cash and securities (and in many cases nothing at all). If the Investor receives securities, the securities may not be publicly traded, and may not have any significant value.
6.2. The Investor understands and agrees that the Interests are subject to restrictions on transfer and cannot be redeemed. Instead, an Investor typically must hold his or her Interest in a SPV until the SPV has sold or otherwise disposed of its investments and the SPV distributes its investments to the investors in the SPV (a "Liquidation Event"). An Investor typically will not receive any distributions until such a Liquidation Event (and may not receive anything even upon a Liquidation Event), which may not occur for many years. The Investor must therefore bear the economic risk of holding their investment for an indefinite period of time.

6.3. The Investor understands and agrees that the Interests: (a) have not been registered under the Securities Act or any other law of the United States, or under the securities laws of any state or other jurisdiction, and therefore an Interest cannot be resold, pledged, assigned or otherwise disposed of unless it is so registered or an exemption from registration is available; and (b) can only be transferred as permitted under Regulation Crowdfunding and subject to the terms and conditions of this Agreement.

6.4. The Investor understands that no guarantees have been made to the Investor about future performance or financial results of the SPV, and an investment in the SPV may result in a gain or loss upon termination or liquidation of the SPV. It is possible that the investors in a SPV will have "phantom income," which could require them to pay taxes on their investment in a SPV even though the SPV does not distribute any income (or does not distribute sufficient income to pay the taxes).

6.5. The Investor understands and agrees that the SPV was formed by and is operated by Wefunder Admin, LLC on behalf of the Company. Investors will have no right to manage or influence the management of any SPV or of the LLC.

6.6. The Investor understands and agrees that the Company may appoint a Lead Investor and that, if appointed, pursuant to a power of attorney granted by the Investor in the Investor Agreement, the Lead Investor will exercise voting authority on behalf of the Investor with respect to the SPV securities the Investor owns.

6.7. The Investor represents that he or she has read and understands the risk factors contained in the Company Information. The Investor understands and agrees that each Company is solely responsible for providing risk factors, conflicts of interest, and other disclosures that investors should consider when investing in securities issued by that Company (including through a SPV), and that the Wefunder Parties have no ability to assure, and have not in any way assured, that any or all such risk factors, conflicts of interest and other disclosures have been presented fully and fairly, or have been presented at all.

6.8. The Investor understands that any privacy statements, reports or other communications regarding the SPV and the Investor's investment in the SPV (including annual and other updates, and tax documents) will be delivered via electronic means, including through wefunder.com. The Investor hereby consents to electronic delivery as described in the preceding sentence. In so consenting, the Investor acknowledges that email messages are not secure and may contain computer viruses or other defects, may not be accurately replicated on other systems, or may be intercepted, deleted or interfered with, with or without the knowledge of the sender or the intended recipient. The Investor also acknowledges that an email from the Wefunder Parties may be accessed by recipients other than the Investor and may be interfered with, may contain computer viruses or other defects and may not be successfully replicated on other systems. No Wefunder Party gives any warranties in relation to these matters.

6.9. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number under penalties of perjury, and attest that the Investor has not been notified by the Internal Revenue Service that he, she or it is subject to backup withholding, the SPV will be required to withhold from any proceeds otherwise payable to the Investor an amount necessary to satisfy the SPV's backup withholding obligations.

6.10. The Investor understands and agrees that if he, she or it does not provide a valid taxpayer identification number to the SPV, the SPV will withhold from any proceeds otherwise payable to the Investor an amount necessary for the SPV to satisfy its tax withholding obligations with respect to such amount. The SPV may also withhold any other amounts representing the SPV's reasonable estimation of penalties that may be charged by the Internal Revenue Service or any other taxing authority as a result of the Investor's failure to provide a valid taxpayer identification number.

# 7. Compliance With Anti-Money Laundering Laws.

7.1. The Investor represents and warrants that the Investor's investment was not directly or indirectly derived from illegal activities, including any activities that would violate U.S. Federal or State laws or any laws and regulations of other countries.

7.2. The Investor acknowledges that U.S. Federal law, regulations and Executive Orders administered by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC") may prohibit the SPV, any Administrator, or any Lead Investor from, among other things, engaging in transactions with, and the provision of services to, persons on the list of Specially Designated Nationals and Blocked Persons and persons, foreign countries and territories that are the subject of U.S. sanctions administered by OFAC (collectively, the "OFAC Maintained Sanctions").

7.3. The Investor acknowledges that the SPV prohibits the investment of funds by any persons or entities that are (i) the subject of OFAC Maintained Sanctions, (ii) acting, directly or indirectly, in contravention of any applicable laws and regulations, including anti-money laundering regulations or conventions, or on behalf of persons or entities subject to an OFAC Maintained Sanction, (iii) acting, directly or indirectly, for a senior foreign political figure, any member of a senior foreign political figure's immediate family or any close associate of a senior foreign political figure, unless the SPV, after being specifically notified by the Investor in writing that it is such a person, conducts further due diligence, and determines that such investment shall be permitted, or (iv) acting, directly or indirectly, for a foreign shell bank (such persons or entities in (i) - (iv) are collectively referred to as "Prohibited Persons"). The Investor represents and warrants that it is not, and is not acting directly or indirectly on behalf of, a Prohibited Person.

7.4. To the extent the Investor has any beneficial owners, (i) it has carried out thorough due diligence to establish the identities of such beneficial owners, (ii) based on such due diligence, the Investor reasonably believes that no such beneficial owners are Prohibited Persons, (iii) it holds the evidence of such identities and status and will maintain all such evidence for at least five years from the date of the liquidation or termination of the SPV, and (iv) it will make available such information and any additional information requested by the SPV that is required under applicable regulations.

7.5. The Investor acknowledges and agrees that the SPV or any Administrator may "freeze the account" of the Investor, including, but not limited to, by suspending distributions from the SPV to which the Investor would otherwise be entitled, if necessary to comply with anti-money laundering statutes or regulations.

7.6. The Investor acknowledges and agrees that the SPV and/or any Administrator, in complying with anti-money laundering statutes, regulations and goals, may file voluntarily and/or as required by law suspicious activity reports ("SARs") or any other information with governmental and law enforcement agencies that identify transactions and activities that the SPV or any Administrator or their agents reasonably determine to be suspicious, or is otherwise required by law. The Investor acknowledges that the LLC, the SPV, and any Administrator are prohibited by law from disclosing to third parties, including the Investor, any filing or the substance of any SARs.

7.7. The Investor agrees that, upon the request of the LLC, the SPV, or any Administrator, it will provide such information as the LLC, the SPV, or any Administrator requires to satisfy applicable anti-money laundering laws and regulations, including, without limitation, background documentation about the Investor

# 8. Regulatory Provisions

8.1. The Investor understands that no federal or state agency has passed upon the Interests or made any findings or determination as to the fairness of this investment.

8.2. The Investor certifies that the information contained in the executed copy of Form W-9 submitted to the SPV (if any) and/or the taxpayer identification provided to the SPV is correct. The Investor agrees to provide such other documentation as the SPV determines may be necessary for the SPV to fulfill any tax reporting and/or withholding requirements.

8.3. The Investor understands and agrees that the Company may cause the SPV to make an election under Section 754 of the Internal Revenue Code (the "Code") or an election to be treated as an "electing investment partnership" for purposes of Section 743 of the Code. If the SPV elects to be treated as an electing investment partnership, the Investor shall cooperate with the SPV to maintain that status and shall not take any action that would be inconsistent with such election. Upon request, the Investor shall provide the SPV with any information necessary to allow the SPV to comply with (a) its obligations to make tax basis adjustments under Section 734 or 743 of the Code and (b) its obligations as an electing investment partnership.

8.4. The Investor consents to receive any Schedule K-1 (Partner's Share of Income, Deductions, Credits, etc.) from the SPV electronically via email, the Internet and/or another electronic reporting medium in lieu of paper copies. The Investor agrees that it will confirm this consent electronically at a future date in a manner set forth by the Company at such time and as required by the electronic receipt consent rules set forth by the Internal Revenue Service. The Investor may request a paper copy of the Investor's Schedule K-1 by contacting Wefunder Inc. at support@wefunder.com or such other email address as specified on the wefunder.com platform. Requesting a paper copy will not constitute a withdrawal of the Investor's consent to receive reports or other communications, including Schedule K-1, electronically. The Investor may withdraw its consent for electronic delivery or change its contact preferences for such delivery at any time by writing to support@wefunder.com or such other email address as specified on the wefunder.com platform. Such withdrawal will take effect promptly after receipt, unless otherwise agreed upon. Upon receipt of a withdrawal request, the SPV will confirm the withdrawal and the date on which it takes effect in writing (either electronically or on paper). A withdrawal of consent does not apply to a statement that was furnished electronically before the date on which the withdrawal of consent takes effect. The SPV will cease providing information electronically upon termination of the SPV. Notwithstanding the Investor's consent to receive materials electronically, the Investor still may be required to print and attach its Schedule K-1 to a federal, state or local tax return.

# 9. Miscellaneous Provisions

# 9.1. Indemnification

9.1.1. The Investor agrees to indemnify and hold harmless the LLC, the SPV, any Administrator, any Lead Investor, or any partner, member, officer, employee, agent, affiliate or subsidiary of any of them, and each other person, if any, who controls, is controlled by, or is under common control with, any of the foregoing, within the meaning of Section 15 of the Securities Act, and their respective officers, directors, partners, members, shareholders, owners, employees and agents (collectively, the "Indemnified Parties") against any and all loss, liability, claim, damage and expense whatsoever (including all expenses reasonably incurred in investigating, preparing or defending against any claim whatsoever) arising out of or based upon (i) any false representation or warranty made by the Investor, or breach or failure by the Investor to comply with any covenant or agreement made by the Investor, in this Subscription Agreement or in any other document furnished by the Investor to any of the foregoing in connection with this transaction, or (ii) any action for securities law violations instituted by the Investor that is finally resolved by judgment against the Investor.

9.1.2. The Investor also agrees to indemnify each Indemnified Party for any and all costs, fees and expenses (including legal fees and disbursements) in connection with any damages resulting from the Investor's misrepresentation or misstatement contained herein, or the assertion of the Investor's lack of proper authorization from the beneficial owner to enter into this Subscription Agreement or perform the obligations hereof.

9.1.3. The Investor agrees to indemnify and hold harmless each Indemnified Party from and against any tax, interest, additions to tax, penalties, reasonable attorneys' and accountants' fees and disbursements, together with interest on the foregoing amounts at a rate determined by the SPV or any Administrator computed from the date of payment through the date of reimbursement, arising from the failure to withhold and pay over to the U.S. Internal Revenue Service or the taxing authority of any other jurisdiction any amounts computed, as required by applicable law, with respect to the income or gains allocated to or amounts distributed to the Investor with respect to its Interest during the period from the Investor's acquisition of the Interest until the Investor's transfer of the Interest in accordance with this Agreement, the LLC Agreement, and Regulation Crowdfunding.

9.1.4. If for any reason (other than the willful misfeasance or gross negligence of the entity that would otherwise be indemnified) the foregoing indemnification is unavailable to, or is insufficient to hold such Indemnified Party harmless, then the Investor shall contribute to the amount paid or payable by the Indemnified Party as a result of such loss, claim, damage or liability in such proportion as is appropriate to reflect not only the relative benefits received by the Investor on the one hand and the Indemnified Parties on the other but also the relative fault of the Investor and the Indemnified Parties, as well as any relevant equitable considerations.

9.1.5. The reimbursement, indemnity and contribution obligations of the Investor under this section shall be in addition to any liability that the Investor may otherwise have, and shall be binding upon and inure to the benefit of any successors, assigns, heirs and personal representatives of the Indemnified Parties.

9.2. Limitation of Liability. The LLC is a Delaware "multi-series" limited liability company. As a multi-series limited liability company, the LLC may operate multiple series with the benefit of segregation of assets and liabilities among each of its series pursuant to the Delaware Limited Liability Company Act, as amended (the "Delaware Act"). Accordingly, the Investor hereby agrees that the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to a series (including the SPV) shall be enforceable against the assets of that series only and not against the LLC generally or the assets of any other series. In addition, none of the debts, liabilities, obligations and expenses incurred, contracted for or otherwise existing with respect to the LLC generally, or any particular series, shall be enforceable against the assets of any other series.

9.3. **Counsel** The Investor understands that Morrison & Foerster LLP serves as legal counsel on certain matters to Wefunder, Inc., Wefunder Portal, LLC, Wefunder Admin, LLC and Wefunder Advisors, LLC and not to the SPV or any Investor by virtue of its investment in the SPV, and that no independent counsel has been retained to represent the SPV or Investors in the SPV. The Investor also understands that Morrison & Foerster LLP has not independently verified any factual assertions made in the Company Information or on the Wefunder website and is not responsible for the SPV's compliance with its investment program or applicable law.

9.4. **Power of Attorney** The Investor hereby appoints each of the Company and Wefunder Admin, LLC as its true and lawful representative and attorney-in-fact, in its name, place and stead to make, execute, sign, acknowledge, swear to and file:

9.4.1. a Certificate of Formation of the LLC and any amendments required under the Delaware Act
9.4.2. the LLC Agreement and any duly adopted amendments;
9.4.3. any and all instruments, certificates and other documents that may be deemed necessary or desirable to effect the winding-up and termination of the LLC or the SPV (including a Certificate of Cancellation of the Certificate of Formation); and
9.4.4. any business certificate, fictitious name certificate, related amendment or other instrument or document of any kind necessary or desirable to accomplish the LLC's or the SPV's business, purpose and objectives or required by any applicable U.S., state, local or other law.

This power of attorney is coupled with an interest, is irrevocable, and shall survive and shall not be affected by the subsequent death, disability, incompetency, termination, bankruptcy, insolvency or dissolution of the Investor; provided, however, that this power of attorney will terminate upon the substitution of another SPV member for all of the Investor's investment in the LLC or the SPV or upon the liquidation or termination of the LLC or the SPV. The Investor hereby waives any and all defenses that may be available to contest, negate or disaffirm the actions of the LLC, the SPV, and any Administrator taken in good faith under this power of attorney.

# 9.5. Confidentiality

9.5.1. The Investor agrees that the Company Information and all financial statements (if any), tax reports (if any), portfolio valuations (if any), private placement memoranda (if any), reviews or analyses of potential or actual investments (if any), reports or other materials prepared or produced by the SPV and/or any Administrator and all other documents and information concerning the affairs of the SPV and/or the Fund's investments, including, without limitation, information about the Company, and/or the persons directly or indirectly investing in the SPV (collectively, the "Confidential Information") that the Investor may receive pursuant to or in accordance with the use of the Wefunder website, an investment in one or more SPVs, or otherwise as a result of its ownership of an Interest in the SPV, constitute proprietary and confidential information about the SPV, any Administrator, and/or any Lead Investor (the "Affected Parties").

9.5.2. The Investor acknowledges that the Affected Parties derive independent economic value from the Confidential Information not being generally known and that the Confidential Information is the subject of reasonable efforts to maintain its secrecy. The Investor further acknowledges that the Confidential Information is a trade secret, the disclosure of which is likely to cause substantial and irreparable competitive harm to the Affected Companies or their respective businesses. The Investor shall not reproduce any of the Confidential Information or portion thereof or make the contents thereof available to any third party other than a disclosure on a need-to-know basis to the Investor's legal, accounting or investment advisers, auditors and representatives (collectively, "Advisers"), except to the extent compelled to do so in accordance with applicable law (in which case the Investor shall promptly notify the SPV of the Investor's obligation to disclose any Confidential Information) or with respect to Confidential Information that otherwise becomes publicly available other than through breach of this provision by the Investor.

9.5.3. To the fullest extent permitted by law, the Investor agrees not to request disclosure or inspection of any such information after the Investor is notified (whether in response to the Investor's request for information or otherwise) that the SPV has determined not to disclose such information.

9.5.4. The Investor agrees that the LLC, the SPV, and the SPV service providers would be subject to potentially irreparable injury as a result of any breach by the Investor of the covenants and agreements set forth in this Item 9.5, and that monetary damages would not be sufficient to compensate or make whole the LLC, the SPV, and the SPV services providers for any such breach. Accordingly the Investor agrees that the LLC, the SPV, and the SPV service providers shall be entitled to equitable and injunctive relief, on an emergency, temporary, preliminary and/or permanent basis, to prevent any such breach or the continuation thereof.

9.6. Amendments. Neither this Subscription Agreement nor any term hereof may be supplemented, changed, waived, discharged or terminated except with the written consent of the Investor and the Company on behalf of the relevant SPV. For the sake of clarity, the restriction on the Company in the preceding sentence applies solely to the form of this Subscription Agreement applicable to SPVs that have had a closing, and does not prevent the Company from changing the form and content of this Subscription Agreement for use in offerings of SPVs that have not had a closing.

9.7. Assignability and Transferability. This Subscription Agreement is not transferable or assignable by the Investor without the prior written consent of the Company on behalf of the SPV, and any transfer or assignment in violation of this provision shall be null and void. The Interests in the SPV being acquired by Investor herein may only be transferred by Investor in compliance with Regulation Crowdfunding and the terms and conditions of this Agreement. If Investor seeks to transfer the Interests, Investor shall first give written notice to the Company and Wefunder Admin, LLC, including the number of Interests that Investor desires to transfer, the proposed price, the name and contact information of the proposed buyer, and any other information that the Company or Wefunder Admin, LLC may reasonably request. To the extent possible, such notice shall be provided through the Wefunder.com website. Any transfer of Interests shall be subject to execution by Investor and the proposed transferee of appropriate documentation, as may be required by the Company or Wefunder Admin, LLC, in their discretion. Investor further acknowledges that pursuant to the LLC Agreement, Wefunder Admin, LLC (as Series Manager of the SPV), may impose additional restrictions on or prohibit the Transfer of Interests for any reason or no reason, in its sole discretion.

9.8. **Repurchase.** In the event that the SPV or any Administrator determines that it is likely that within twelve (12) months the securities of the SPV or the Company will be held of record by a number of persons that would require the SPV or the Company to register a class of its equity securities under the Securities Exchange Act of 1934, as amended ('Exchange Act'), as required by Section 12(g) or 15(d) thereof, the SPV shall have the option to repurchase the Interests from each Investor to the extent necessary to avoid the requirement to register a class of its securities under the Exchange Act. Such repurchase of Interests shall be for the greater of (i) the purchase price of the Interests, or (ii) the fair market value of the Interests, as determined by an independent appraiser of securities chosen by the Administrator. Any such repurchase may only occur with the consent of Wefunder Admin, LLC, as Series Manager of the SPV.

9.9. **Governing Law.** Consent to Jurisdiction. Notwithstanding the place where this Subscription Agreement may be executed by any of the parties hereto, the parties expressly agree that all the terms and provisions hereof shall be construed under the laws of the State of Delaware. Any action or proceeding brought by the SPV or any SPV service provider against one or more investors in the SPV relating in any way to this Subscription Agreement or the LLC Agreement may, and any action or proceeding brought by any other party against the SPV or any SPV service provider relating in any way to this Subscription Agreement or the Company Information shall, be brought and enforced in the state courts of the State of Delaware located in Wilmington or (to the extent subject matter jurisdiction exists therefore) in the courts of the United States located in the District of Delaware; and the Investor and the SPV irrevocably submit to the jurisdiction of both such state and federal courts in respect of any such action or proceeding. The Investor and the SPV irrevocably waive, to the fullest extent permitted by law, any objection that they may now or hereafter have to laying the venue of any such action or proceeding in the courts of the State of Delaware located in Wilmington or in the courts of the United States located in the District of Delaware and any claim that any such action or proceeding brought in any such court has been brought in an inconvenient forum.

9.10. **Severability.** If any provision of this Subscription Agreement is invalid or unenforceable under any applicable law, then such provision shall be deemed inoperative to the extent that it may conflict therewith and shall be deemed modified to conform with such applicable law. Any provision hereof that may be held invalid or unenforceable under any applicable law shall not affect the validity or enforceability of any other provisions hereof, and to this extent the provisions hereof shall be severable.

9.11. **Headings.** The headings in this Subscription Agreement are for convenience of reference only, and shall not limit or otherwise affect the meaning hereof.

9.12. **General.** This Subscription Agreement shall be binding upon the Investor and the legal representatives, successors and assigns of the Investor, shall survive the admission of the Investor as a member of a SPV, and shall, if the Investor consists of more than one person, be the joint and several obligation of all such persons.

*[Remainder of page intentionally left blank. Signature page follows.]*

The undersigned have executed this instrument as of the date first above written.

SPV

Ron Artesano I, as series of Wefunder SPV, LLC
By: Wefunder Admin, LLC, its Manager

By: Founder Signature

Date:

Name: Nicholas Tommarello

Title: Chief Executive Officer

Investor

[INVESTOR NAME]

By: Investor Signature

Date:

CONTACT INFORMATION:

Name: [INVESTOR NAME]

Mailing Address:

City:

Country:

E-mail:

# TERMS APPENDIX FOR THE PURCHASE OF Artesano
Rum Corporation SECURITIES BY Ron Artesano I. A
SERIES OF WEFUNDER SPV, LLC. A DELAWARE
LIMITED LIABILITY COMPANY

**Type of Security:** Convertible Note

**Terms** $3M valuation cap

To view a copy of the contract, please see **Appendix B, Investor Contracts** of
the Form C. The latest Form C or C/A filing be found here:
https://www.sec.gov/cgi-bin/srch-edgar?text=%28FORM-
TYPE%3DC%2FA+or+FORM-
TYPE%3DC%29+and+CIK%3D0001819717&first=2016

**Attachment 4:** `document_4.pdf`

CONFIDENTIAL

THIS INSTRUMENT AND ANY SECURITIES ISSUABLE PURSUANT HERETO HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), THE PUERTO RICO UNIFORM SECURITIES ACT, AS AMENDED ("PRUSA"), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD, OR OTHERWISE TRANSFERRED, PLEDGED, OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE SECURITIES ACT, PRUSA, AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT OR AN EXEMPTION THEREFROM.

# ARTESANO RUM CORPORATION

$[AMOUNT]

[EFFECTIVE DATE]

# CONVERTIBLE PROMISSORY NOTE

FOR VALUE RECEIVED, ARTESANO RUM CORPORATION., a corporation organized under the laws of the Commonwealth of Puerto Rico (the "Company"), hereby promises to pay [ENTITY NAME] (the "Investor"), the principal sum of $[AMOUNT] (the "Principal"), together with interest thereon at a rate equal to the Interest Rate (as hereinafter defined) from the date of this Convertible Promissory Note (the "Note"), subject to the terms set forth below.

The "Valuation Cap" is a pre-money valuation of three million dollars ($3,000,000).

The "Interest Rate" is nine percent (9.00%) per annum, not compounded.

See Section 2 for certain additional defined terms.

# 1. Events and Certain Obligations

(a) Equity Financing / Conversion. If there is an Equity Financing before the maturity, expiration, repayment, or termination of this Note, the Investor will, at its sole discretion (exercisable upon written notice to the Company), require the Company to: (i) accelerate the repayment of the Note for a cash payment equal to the Principal plus accrued interest; or (ii) receive Convertible Preferred Shares equal to the Principal plus accrued interest divided by the Conversion Price.

In connection with the issuance of Convertible Preferred Shares by the Company to the Investor pursuant to this Section 1(a):

(i) The Investor will execute and deliver to the Company all transaction documents related to the Equity Financing; provided, that such documents are the same documents to be entered into with the purchasers of Standard Preferred Shares, with appropriate variations for the Convertible Preferred Shares if applicable, and provided further, that such documents have customary exceptions to any drag-along applicable to the Investor, including, without limitation, limited representations and warranties and limited liability and indemnification obligations on the part of the Investor; and

(ii) Provided that the legal fees related to the exercise of such option and the issuance of the Convertible Preferred Shares resulting from the same shall be borne by the Company.

(b) Maturity. If an Equity Financing does not occur, on or before thirty-six (36) months after the date of this Note, if the Company has not exercised an Extension as defined below in this subsection, then the Investor shall have the right at its sole option (exercisable upon written notice to the Company) to require the Company to: (i) accelerate the repayment of the Note for a cash payment equal to the Principal plus accrued interest; or (ii) receive from the Company a number of shares or its equivalent of Common Shares equal to the Principal plus accrued interest divided by the

CONFIDENTIAL

Conversion Price. The Company may exercise the following extension (the "Extension"): the Company and Investor shall have the option to mutually agree in writing to extend the Maturity by an additional twelve (12) months, which will be exercised with a written notice to the Investor within at least thirty (30) days before the Maturity (the "Extension"). For clarifications purposes, if the Extension is exercised the maturity will occur the forty-eight (48) months after the Date of this Note.

(c) Liquidity Event. If there is a Liquidity Event before the expiration or termination of this Note, the Investor will, at its option, either (i) receive a cash payment equal to the Principal plus accrued interest if the Liquidity Event were to occur within twelve (12) months from the date of this Note (subject to the following paragraph), or (ii) receive from the Company a number of shares or its equivalent of Common Shares equal to the Principal plus accrued interest divided by the Liquidity Price (the "Liquidity Event Distribution").

In connection with Section 1(c), the Liquidity Event Distributions will be due and payable by the Company to the Investor immediately prior to, or concurrent with, the consummation of the Liquidity Event. If there are not enough funds to pay the Investor and holders of other convertible promissory notes not subordinated or junior to this Note (collectively, the "Cash-Out Investors") in full, then all of the Company's available funds will be distributed with equal priority and pro rata among the Cash-Out Investors in proportion to their agreed Liquidity Event Distribution as defined in Section (c), and the Cash-Out Investors will automatically receive the number of shares of Common Shares equal to the remaining unpaid agreed Liquidity Event Distribution divided by the Liquidity Price.

(d) Dissolution Event. If there is a Dissolution Event before this Note expires or terminates, the Company will pay an amount equal to the Principal plus accrued interest, due and payable to the Investor immediately prior to, or concurrent with, the consummation of the Dissolution Event. The Principal plus accrued interest will be paid prior and in preference to any Distribution of any of the assets of the Company to holders of any outstanding equity securities by reason of their ownership thereof. If immediately prior to the consummation of the Dissolution Event, the assets of the Company legally available for distribution to the Investor and all holders of all other convertible promissory notes not subordinated or junior to this Note (the "Dissolving Investors"), as determined in good faith by the Company's Board (as hereinafter defined), are insufficient to permit the payment to the Dissolving Investors of their respective Principal with accrued interest, then the entire assets of the Company legally available for distribution will be distributed with equal priority and pro rata among the Dissolving Investors in proportion to the Principal with accrued interest they would otherwise be entitled to receive pursuant to this Section 1(d).
(e) Termination. This Note will expire and terminate (without relieving the Company of any obligations arising from a prior breach of or non-compliance with this Note) upon either (i) the issuance of Convertible Preferred Shares to the Investor pursuant to Section 1(a); (ii) the issuance of Common Shares to the Investor pursuant to Sections 1(b) and 1(c); or (iii) the payment of amounts due the Investor pursuant to any of Section 1(a) through 1(d).
(f) Redemption Rights. The Investor shall have the right to request that the Company, at Investor's sole option (exercisable upon written notice to the Company), redeem the Note for a cash payment equal to the Principal plus accrued interest if the Company fails to comply with the following condition:
(i) The Company will reissue all outstanding agreements previously issued by the Company or its affiliates pertaining to any convertible note, warrant, option or any instrument granting its holder the right to acquire any shares of the Company. The amended terms shall be subject to the approval of the Investor and will in all instances align with the terms of this Note and will include no terms preferential or senior to those set forth in this Note, with the exception of the Conversion Price.
(g) Information Rights. The Investor shall be entitled to receive from the Company and, the Company shall prepare and deliver to the Investor: (i) annual financial consolidated statements and operational information of the Company and its subsidiaries, if any, within one hundred and twenty (120) calendar days following the end of the fiscal

CONFIDENTIAL

year; (ii) unaudited quarterly financial consolidated statements of the Company and its subsidiaries within forty five (45) calendar days following the end of each calendar quarter along with a written update of the Company's performance, milestones, achievements and challenges in the quarter; (iii) unaudited monthly financial consolidated statements of the Company and its subsidiaries within fifteen (15) calendar days following the end of each calendar month; (iv) a comprehensive operating budget forecasting the Company's and Company's subsidiaries' revenues, expenses and cash position on a month to month basis for the upcoming fiscal year, thirty (30) calendar days before the beginning of such upcoming fiscal year; and (v) an up-to-date capitalization table, promptly following the end of each calendar quarter. All such financial statements shall be prepared in accordance with generally accepted accounting principles in reasonable detail, prepared on a consistent basis.

(h) **Fees and Expenses.** The Company and Investor will pay their own costs and expenses on Closing in connection with the execution and delivery of this Note and the financing at the Closing. The Company shall indemnify and hold the Investor harmless from any loss, cost, liability, and legal or other expense, including attorneys' fees of the Investor's counsel, which the Investor may suffer or incur by reason of the failure of the Company to perform any of its obligations under this Note or any agreement executed in connection herewith, provided, however, that the indemnity agreement contained in this section shall not apply to liabilities which the Investor may suffer by reason of the Investor's own gross negligence or willful misconduct. The Investor shall indemnify and hold the Company harmless from any loss, cost, liability, and legal or other expense, including attorneys' fees of the Company's counsel, which the Company may suffer or incur by reason of the failure of the Investor to perform any of its obligations under this Note or any agreement executed in connection herewith, provided, however, that the indemnity agreement contained in this section shall not apply to liabilities which the Company may suffer by reason of the Company's own gross negligence or willful misconduct.

## 2. Definitions

'**Change of Control**' means (i) a transaction or series of related transactions in which any 'person' or 'group' (within the meaning of Section 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended), becomes the 'beneficial owner' (as defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended), directly or indirectly, of more than fifty percent (50%) of the outstanding voting securities of the Company having the right to vote for the election of members of the Company's Board, (ii) any reorganization, merger or consolidation of the Company, other than a transaction or series of related transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction or series of related transactions retain, immediately after such transaction or series of related transactions, at least a majority of the total voting power represented by the outstanding voting securities of the Company or such other surviving or resulting entity, or (iii) a sale, lease or other disposition of all or substantially all of the assets of the Company.

'**Company Capitalization**' means the **sum**, as of immediately prior to the Equity Financing, of: (1) all Common Shares (on an as-converted basis) issued and outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants, and other convertible securities, but excluding; (A) this Note, (B) all equity-like notes, and (C) convertible promissory notes; **and** (2) all Common Shares reserved and available for future grant under any equity incentive or similar plan of the Company, and/or any equity incentive or similar plan to be created or increased in connection with the Equity Financing.

'**Common Shares**' means the shares of Common Stock of the Company.

'**Convertible Preferred Shares**' means the Standard Preferred Shares issued to the Investor in an Equity Financing, having the identical rights, privileges, preferences, and restrictions as those of the Standard Preferred Shares, other than with respect to: (i) the per share liquidation preference and the conversion price for purposes of price-based anti-dilution protection, which will equal the Conversion Price; and (ii) the basis for any distribution rights, which will be based

CONFIDENTIAL

on the Conversion Price.

"Conversion Price" and "Convertible Price" mean the price per share of the Convertible Preferred Shares equal to the Valuation Cap divided by the Company Capitalization.

"Dollar" and "USD $" means the legal currency of the United States of America.

"Distribution" means the transfer to holders of shares by reason of their ownership thereof of cash or other property without consideration whether by way of a distribution or otherwise, other than distributions on Common Shares payable in Common Shares, or the purchase or redemption of shares by the Company or its subsidiaries for cash or property other than: (i) repurchases of Common Shares held by employees, officers, directors or consultants of the Company or its subsidiaries pursuant to an agreement providing, as applicable, a right of first refusal or a right to repurchase shares upon termination of such service provider's employment or services; or (ii) repurchases of shares in connection with the settlement of disputes with any shareholder.

"Dissolution Event" means (i) a voluntary termination of operations, (ii) a general assignment for the benefit of the Company's creditors, or (iii) any other liquidation, dissolution or winding up of the Company (excluding a Liquidity Event), whether voluntary or involuntary.

"Equity Financing" means a bona fide transaction or series of transactions with the principal purpose of raising capital, pursuant to which the Company issues and sells Preferred Shares at a fixed pre-money valuation and pursuant to which the Company receives gross proceeds of at least five million dollars ($5,000,000.00) in the aggregate (excluding any payments received by the Company pursuant to this Note and all other convertible notes).

"Initial Public Offering" means the closing of the Company's first firm commitment underwritten initial public offering of Common Share pursuant to a registration statement filed under the Securities Act.

"Liquidity Capitalization" means, as of immediately prior to the Liquidity Event, the total number of Shares (on an as-converted basis) outstanding, assuming exercise or conversion of all outstanding vested and unvested options, warrants, and other convertible securities, but excluding (i) Common Shares reserved and available for future grant under any equity incentive or similar plan; (ii) this Note; (iii) other equity-like instruments; and (iv) convertible promissory notes.

"Liquidity Event" means a Change of Control or an Initial Public Offering.

"Liquidity Price" means the price per share equal to the Valuation Cap divided by the Liquidity Capitalization.

"Standard Preferred Shares" means shares of the series of preferred stock issued to the investors investing new money in the Company in connection with the initial closing of the Equity Financing.

# 3. Company Representations

(a) The Company is a corporation duly organized, validly existing, and in good standing under the laws of the state or commonwealth of its registration, and has the power and authority to own, lease and operate its properties and carry on its business as now conducted.
(b) The execution, delivery and performance by the Company of this Note is within the power of the Company and, other than with respect to the actions to be taken when equity is to be issued to the Investor, has been duly authorized by all necessary actions on the part of the Company. This Note constitutes a legal, valid and binding obligation of the Company, enforceable against the Company in accordance with its terms, except as limited by bankruptcy, insolvency

CONFIDENTIAL

or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity. To the knowledge of the Company, it is not in violation of (i) its current certificate of organization or Limited Liability Company Agreement, (ii) any material statute, rule or regulation applicable to the Company, or (iii) any material indenture or contract to which the Company is a party or by which it is bound, where, in each case, such violation or default, individually, or together with all such violations or defaults, could reasonably be expected to have a material adverse effect on the Company.

(c) The performance and consummation of the transactions contemplated by this Note do not and will not: (i) violate any material judgment, statute, rule or regulation applicable to the Company; (ii) result in the acceleration of any material indenture or contract to which the Company is a party or by which it is bound; or (iii) result in the creation or imposition of any lien upon any property, asset or revenue of the Company or the suspension, forfeiture, or nonrenewal of any material permit, license or authorization applicable to the Company, its business or operations.
(d) No consents or approvals are required in connection with the performance of this Note, other than: (i) the Company's corporate approvals; (ii) any qualifications or filings under applicable securities laws; and (iii) necessary corporate approvals for the authorization of Convertible Preferred Shares issuable pursuant to Section 1.
(e) To its knowledge, the Company owns or possesses (or can obtain on commercially reasonable terms) sufficient legal rights to all patents, trademarks, service marks, trade names, copyrights, trade secrets, licenses, information, processes and other intellectual property rights necessary for its business as now conducted and as currently proposed to be conducted, without any conflict with, or infringement of the rights of, others.

# 4. Investor Representations

(a) The Investor has full legal capacity, power and authority to execute and deliver this Note and to perform its obligations hereunder. This Note constitutes valid and binding obligation of the Investor, enforceable in accordance with its terms, except as limited by bankruptcy, insolvency or other laws of general application relating to or affecting the enforcement of creditors' rights generally and general principles of equity.
(b) By receipt and acceptance of this Note, the Investor accepts and agrees to be bound by all the terms and conditions of this Note.

# 5. Miscellaneous

(a) Any provision of this Note may be amended, waived, or modified only upon the written consent of the Company and the Investor.
(b) Any notice required or permitted by this Note will be deemed sufficient when delivered personally or by overnight courier or sent by email to the relevant address listed on Wefunder, addressed to the party to be notified at such party's address listed on Wefunder, as subsequently modified by written notice.
(c) The Investor is not entitled, as a holder of this Note, to vote or receive dividends or be deemed the holder of Convertible Preferred Shares for any purpose, nor will anything contained herein be construed to confer on the Investor, as such, any of the rights of a shareholder of the Company or any right to vote for the election of directors or upon any matter submitted to shareholders at any meeting thereof, or to give or withhold consent to any corporate action or to receive notice of meetings, or to receive subscription rights or otherwise until shares have been issued upon the terms described herein.
(d) Neither this Note nor the rights contained herein may be assigned, by operation of law or otherwise, by either party without the prior written consent of the other; provided, however, that this Note and/or the rights contained

# CONFIDENTIAL

herein may be assigned without the Company's consent by the Investor to any other entity who directly or indirectly, controls, is controlled by or is under common control with the Investor, including, without limitation, any general partner, managing member, officer or director of the Investor, or any venture capital fund now or hereafter existing which is controlled by one or more general partners or managing members of, or shares the same management company with, the Investor; and *provided, further*, that the Company may assign this Note in whole, without the consent of the Investor, in connection with a reincorporation to change the Company's domicile.

(e) In the event any one or more of the provisions of this Note is for any reason held to be invalid, illegal or unenforceable, in whole or in part or in any respect, or in the event that any one or more of the provisions of this Note operate or would prospectively operate to invalidate this Note, then and in any such event, such provision(s) only will be deemed null and void and will not affect any other provision of this Note and the remaining provisions of this Note will remain operative and in full force and effect and will not be affected, prejudiced, or disturbed thereby.

(f) All rights and obligations hereunder will be governed by the laws of the Commonwealth of Puerto Rico, without regard to the conflicts of law provisions of such jurisdiction.

[Remainder of Page Intentionally Left Blank.]

IN WITNESS WHEREOF, the undersigned have caused this Note to be duly executed and delivered.

**COMPANY:**

**ARTESANO RUM CORPORATION.**

By: [FOUNDER_NAME]

*Founder Signature*

[FOUNDER_TITLE]

**INVESTOR:**

*Investor Signature*

By: [ENTITY NAME]

Name: [INVESTOR NAME]

Title: [INVESTOR TITLE]

**Attachment 5:** `document_5.pdf`

# **Artesano Rum Corporation**  
**Reviewed Financial Statements**  
**For the year then ended December 31,**  
**2021 & 2020**

# ***ARTESANO RUM CORPORATION***

# ***Table of Content***

*As of December 31, 2021*

# 

| CONTENTS |
| --- |

|  | PAGE |
| --- | --- |
| Accountant's Review Report | 1-2 |
| Financial Statement | 3-6 |
| Notes to the Financial Statements | 7-10 |

# JESÚS OTERO MARRERO, C.P.A.

PMB 62 Po Box 607071 Bayamon, P.R. 00960-7071

Tel. (787) 730-7890

License No. 4190

# Accountant's Review Report

To the Board of Directors

Artesano Rum Corporation

Jayuya Puerto Rico

# Independent Accountant's Review Report

I have reviewed the accompanying financial statements of Artesano Rum Corporation, which comprise the balance sheets as of December 31, 2021, and 2020, and the related statements of income, cash flows, and stockholders equity for the years then ended, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, I do not express such an opinion.

# Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement whether due to fraud or error.

# Accountant's Responsibility

My responsibility is to conduct the review engagements in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require me to perform procedures to obtain limited assurance as a basis for reporting whether I am aware of any material modifications that should be made to the financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. I believe that the results of my procedures provide a reasonable basis for my conclusion.

We are required to be independent of Artesano Rum Corporation and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our reviews.

1

# JESÚS OTERO MARRERO, C.P.A.

PMB 62 Po Box 607071 Bayamon, P.R. 00960-7071

Tel. (787) 730-7890

License No. 4190

## Accountant's Conclusion

Based on my reviews, I am not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America.

Bayamón Puerto Rico

November 14, 2022

Jesús A. Otero Marrero

Jesús A. Otero Marrero

Certified Public Accountant

Lic. 4190 expiring on December 1, 2024

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

Stamp No. E478572 of the Puerto Rico Society of Certified Public Accountants was affixed to the record copy of this report.

2

# Artesano Rum Corporation

# Balance Sheet

# As of December 31, 2021

|  | As of Dec 31, 2021 | As of Dec 31, 2020 |
| --- | --- | --- |
| ASSETS |  |  |
| Current Assets |  |  |
| Cash in bank (Note 1) | $20,404.49 | $97,696.25 |
| Accounts receivable - trade (Note 1) | 49,300.50 | - |
| Inventory asset (Note 1&2) | 52,842.23 |  |
| Total Current Assets | $122,547.22 | $97,696.25 |
| Property Plant & Equipment |  |  |
| Total Property Plant & Equipment | $ - | - |
| Other Assets |  |  |
| Startup & Organizational costs (Note 6) | $10,790.74 | $7,638.75 |
| Total Other Assets | $10,790.74 | $7,638.75 |
| TOTAL ASSETS | $133,337.96 | $105,335.00 |
| LIABILITIES AND EQUITY |  |  |
| Liabilities |  |  |
| Current Liabilities |  |  |
| Accounts Payable (Note 3) | $4,819.15 | $ - |
| Total Current Liabilities | 4,819.15 | - |
| Total Liabilities | $4,819.15 | $ - |
| Equity |  |  |
| Common stock | $3,000.00 | $ - |
| Retained Earnings | - | - |
| SAFE Note (Note 6) | 219,315.00 | 105,335.00 |
| Net Loss (Note 5) | (93,796.19) |  |
| Total Equity | $128,518.81 | $105,335.00 |
| TOTAL LIABILITIES AND EQUITY | $133,337.96 | $105,335.00 |

The accountant independent report and the notes of the financial statement are an integral part of this statement.

3

# Artesano Rum Corporation

# Income Statement

# For the years ended 31 December 2021

|  | Jan - Dec 2021 | Jan - Dec 2020 |
| --- | --- | --- |
| Income |  |  |
| Sales (Note 1) | $49,300.50 | $ - |
| Total Income | $49,300.50 | $ - |
| Cost of Goods Sold |  |  |
| Cost of Goods Sold (Note 1) | $25,508.80 | $ - |
| Other Costs of Services | 1,680.00 | - |
| Total Cost of Goods Sold | $27,188.80 | $ - |
| Gross Profit | $22,111.70 | $ - |
| Expenses |  |  |
| Advertising & marketing (Note 1) | $39,817.88 | $ - |
| Business licenses | 2,124.47 | - |
| Commissions & fees | 4,809.40 | - |
| Contract labor | 6,345.50 | - |
| Bank fees & service charges | 424.38 | - |
| Legal & accounting services | 7,933.50 | - |
| Meals | 3,819.02 | - |
| Office expenses | 6,012.16 | - |
| Startup & organizational exp (Note 6) | 5,395.38 | - |
| Salaries & wages (Note 1) | 27,103.41 | - |
| Rent (Note 4) | 7,074.36 | - |
| Supplies & others materials | 1,146.00 | - |
| Travel & Hotels | 3,520.37 | - |
| Vehicle expenses | 382.06 | - |
| Total Expenses | 115,907.89 | $ - |
| Net Loss (Note 5) | (93,796.19) | $ - |

The accountant independent report and the notes of the financial statement are an integral part of this statement.

4

# Artesano Rum Corporation

# Statement of Cash Flows

# For the years ended December 31 2021

|  | 2021 | 2020 |
| --- | --- | --- |
| OPERATING ACTIVITIES |  |  |
| Net Loss | $(93,796.19) | $ - |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |  |
| Accounts receivable | (49,300.50) | $ - |
| Inventory Asset: Finished Goods Inventory | (14,870.69) | - |
| Inventory Asset: Merchandise Inventory | (1,042.80) | - |
| Inventory Asset: Raw Material Inventory | (36,928.74) | - |
| Startup & organizational costs | (3,151.99) | (7,638.75) |
| Accounts Payable | 4,819.15 | - |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | $(100,475.57) | $(7,638.75) |
| Net cash provided by operating activities | $(194,271.76) | $(7,638.75) |
| FINANCING ACTIVITIES |  |  |
| Common stock | $3,000.00 | $ - |
| SAFE Note | 113,980.00 | 105,335.00 |
| Net cash provided by financing activities | $116,980.00 | $105,335.00 |
| Net cash increase/decrease for period | $(77,291.76) | $97,696.25 |
| Cash at beginning of period | $97,696.25 | $ - |
| Cash at end of period | $20,404.49 | $97,696.25 |

The accountant independent report and the notes of the financial statement are an integral part of this statement.

5

# **Artesano Rum Corporation**  
 **Statement of Stockholders Equity**  
 **As of December 31, 2021**

|  | 2021 | 2020 |
| --- | --- | --- |
| Common Stock and paid-in-capital |  |  |
| Balance, beginning of period | $ - | $ - |
| Common stock Issued | 3,000.00 | - |
| Common stock repurchased | - | - |
| Other | - | - |
| Balance , end of period | $3,000.00 | $ - |
| SAFE Agreement |  |  |
| Balance, beginning of period | $105,335.00 | $ - |
| SAFE Issued | 113,980.00 | 105,335.00 |
| Other | - | - |
| Balance , end of period | $219,315.00 | $105,335.00 |
| Retained Earnings (deficit) |  |  |
| Balance, beginning of period | $ - | $ - |
| Net Income (Loss) | (93,796.19) | - |
| Dividends | - | - |
| Balance , end of period | $(93,796.19) | $ - |
| Total Stockholders Equity | $128,518.81 | $105,335.00 |

The accountant independent report and the notes of the financial statement are an integral part of this statement.

6

# Artesano Rum Corporation
Notes to Financial Statement
For the year ended December 31, 2021

# 1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

# Organization

Artesano Rum Corporation (“the Company”) es a domestic corporation organized under the laws of the Commonwealth of Puerto Rico in 2020. It is engaged in the retail and manufacturing of alcoholic products from a warehouse located in Jayuya, Puerto Rico.

# Summary of Significant Accounting Policies

The significant accounting policies of the company as summarized below, conform to accounting principles generally accepted in the United States of America and reflect practices appropriate to the business in which operates.

# Cash and Cash Equivalents

The Company considers as cash and cash equivalents all cash on hand, demand deposits with banks, and highly liquid investments with original maturities of three months or less.

# Inventory

Inventory is stated at the lower cost or market first-in, first-out (FIFO) method or net realizable value for finished products. Net realizable value is defined as estimated selling prices, less reasonably predictable costs of completion, disposal, and transportation.

# Trade Accounts Receivable

Trade accounts receivable are reported at the amount management excepts to collect from outstanding balances. Differences between the amount due and the amount management expects to collect are reported in the results of operations of the year in which those differences are determined, with an offsetting entry to a valuation allowance for the trade account receivable. Balances that are still outstanding after management has used reasonable collection efforts are written off though a charge to valuation allowance and a credit to trade account receivable.

7

# Artesano Rum Corporation
Notes to Financial Statement
For the year ended December 31, 2021

# Revenue Recognition

Revenue is recognized using the retail sale approach. Any sale on account is recorded as sales using the accrual basis accounting. Expenses are recorded using the accrual basis of accounting when goods are received, or services are rendered.

# Advertising Cost

Advertising communications cost is expensed the first time the advertising takes place. Total advertising cost for the year ended December 31, 2021, amounted to $39,817.88

# Salaries & Wages

Salaries & wages are expenses related to the service provided directly by employees of the company. For the year ended December 31, 2021, the company has one employee. The salary paid was $27,103.41.

# Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

# 2. INVENTORY

Inventory balance reflects amounts related to inventory available for sale at the warehouse along with raw materials that will be used in the manufacturing department.

| Merchandise inventory | $1,042.80 |
| --- | --- |
| Finished goods inventory | 14,870.69 |
| Raw materials inventory | 36,928.74 |
| Total inventory amount | $52,842.23 |

# 3. ACCOUNT PAYABLE

Account payables refer to a short-term obligation due to the manufacturing department personnel.

8

# Artesano Rum Corporation  
Notes to Financial Statement  
For the year ended December 31, 2021

# **4. RENT**

The company operates in the facilities located at Jayuya without a contract agreement. Rent expense for the year ended December 31, 2021, was $7,074.36

# **5. INCOME TAXES**

The company evaluation on December 31, 2021, revealed no uncertain tax position that would have a material impact on the financial statements. The Company reflect losses in the first year of operation, also the Company does not believe that any reasonable possible changes will occur within the next twelve months that will have a material impact on the financial statements.

# **6. SIMPLE AGREEMENT FOR FUTURE EQUITY (SAFE)**

The Company has a contract with “Wefunder Company” in which the Company will give Preferred Stock in exchange for the investment they made in the years 2020 and 2021. The total amount of this investment was $215,815 at the end of year 2021. The cost of this investment is amortized for three years as “startup cost for the organization” The total amount of this cost was $16,176.12. The company estimated the conversion of this investment as preferred stock at the end of the year 2024. In addition, there is a SAFE agreement with an individual investor for $3,500. The total SAFE investment is $219,315.

# **7. COVID 19 - OUTBREAK**

Since early 2019 the spread of COVID 19 has severely impacted many local economies around the globe. In many countries, businesses are being forced to cease or limit operations for long or indefinite periods of time. Measures taken to contain the spread of the virus, including travel bans, quarantines, social distancing, capacity limits in facilities, closures of non-essential services have triggered significant disruptions to businesses worldwide, resulting in economic slowdown. Governments and central banks have responded with monetary and fiscal interventions to stabilize economic conditions. About the Company, several measures have been taken to minimize the effects of the virus however, there have been no negative financial impacts to the Company. Recently the vaccination process has been underway and is advancing rapidly, this is expected to normalize the economic slowdown and eventually end the pandemic. However, the duration and impact of the COVID-19 pandemic remains unclear.

9

# Artesano Rum Corporation  
Notes to Financial Statement  
For the year ended December 31, 2021

# **8. SUBSEQUENT EVENTS**

The company follows the provision of FASB ASC 855 “Subsequent Events” which establishes general standards to be applied in accounting for, and disclosure of events that occur after the balance sheet date but before financial statements are issued of available to be issued. This standard introduces the concept of “financial statements available to be issued”, which are financial statements that are complete. In form and format, that complies with generally accepted accounting principles (GAAP) and have obtain all approvals required for issuance.

FASB ASC 855 requires the disclosure of the date though which an entity has evaluated subsequent events and the basis for the date, whether it is the date on which the financial statements were issued or were available to be issued.

Company’s management evaluated subsequent events until November 14, 2022, date on which the financial statements are available to be issued.

10

**Attachment 6:** `document_6.pdf`

# JAVIER HERRERA ORTA

## PROFILE

**Consultant on the world of rum with over 24 years of experience.** Everything that encompasses the world of rum is our purpose, to help solve problems, wherever we are required. From the most technical work with engineers, chemists, rum masters, to sales, marketing and executive personnel, our job is to advise and help in all purposes in the improvement of a product. **Excellent qualifications in strategic planning, with extensive knowledge of project management, organization of work, teamwork and delivery.**

## EXPERIENCE

### RUM CONSULTANT, RUM EXPERT, RUM CONSULTANT S. A. RON RUM RHUM

JANUARY 2007 - PRESENT

**What I do:** Business planning, aging in barrels, mixing and product acquisition and needs for good management.

Distillery design and arrangements in its operation, in the improvement and quality of the product.

Organoleptic evaluations of product tasting, development of new products, development of a brand image, improvement in the development of cocktails with the brand and culinary skills in the pairing of the product, specific training and development of a private brand, intermediation of rum to bulk, molasses, etc... to always choose the best product on the market.

### RUM MAESTRO, ARTESANO RUM CORPORATION, JAYUYA, PUERTO RICO

JANUARY 2015 - PRESENT

**Responsibilities:** As Rum Maestro, I create formulations for all Ron Artesano rums, plan and budget new productions, help source all materiales and handle all quality control.

### DIRECTOR, INTERNATIONAL RUM CONFERENCE USA - CORAL GABLES, FLA

JULY 2018 - PRESENT

**Responsibilities:** Event President and organizer. Coordination for all guest international expert conference speakers, rum competition (tastings) and rum festival.

### DISTILLATES EXPERT, E.S. SI, MADRID, SPAIN

JANUARY 2014 - PRESENT

**Responsibilities:** Organization of events and activities around the world of alcoholic beverages and rum in particular, Master classes, tastings and courses.

Development of formulations and new brands, market analysis, introduction of new brands in the European market and development of campaigns in the world of spirits.

Paseo de la Alameda de Osuna, 21 6D Madrid, España 78042 / Tel. +34 665 13 89 96 / javier@ronartesano.com

We have the material and qualified personnel to develop all the events that are required.

# **IRC CERTIFYING, IRC QUALITY CERTIFICATIONS**

JANUARY 2012 - PRESENT

**Responsibilities:** Quality certifications for beverages and spirits.

# **PRESIDENT & FOUNDER, RUM CLUB INTERNATIONAL**

JANUARY 2010 - PRESENT

**Responsibilities:** Everything related to culture in the world of rum.

- Visits to distilleries, ronerías, wineries
- Purchase of rums in advantageous conditions, thanks to the special status of Member.
- Tastings and tastings of rums.
- Training courses and Master-Class on the world of rum.
- Organization of trips to rum festivals.

# **SPIRITS COMPETITIONS JUDGE, SPAIN, USA, GERMANY, ITALY, HAITI, FRANCE**

2011 - PRESENT

# **SPEAKER, SHOW RUM, INTERNATIONAL RUM CONFERENCE, RHUM FESTIVAL HAITI**

2012 - PRESENT

# **TEACHER IN TRAINING IN "ADVANCED COURSE OF DISTILLATES", MADRID, SPAIN**

2014 - PRESENT

# **DIRECTOR, INTERNATIONAL RUM CONFERENCE, MADRID, SPAIN**

2010 - 2018

# **EDUCATION**

# **HOTELS & TOURISM, MADRID**

DIPLOMA IN HOSPITALITY, HOTEL MANAGEMENT - 1987

# **UNIVERSIDAD NACIONAL DE EDUCACION A DISTANCIA**

CHEMISTRY - 2015

# **LALLEMAND**

FERMENTATION TECHNICIAN, CHEMISTRY - 2015

THE RUM UNIVERSITY, 2014

**Attachment 7:** `document_7.pdf`

Contact

www.linkedin.com/in/josejmunoz
(LinkedIn)

Top Skills

Advertising

Strategy

Integrated Marketing

Languages

English (Native or Bilingual)

Spanish (Native or Bilingual)

French (Elementary)

# Jose J. Muñoz González

CEO

Puerto Rico

## Summary

I'm the CEO for RON ARTESANO, a new handmade rum made in the mountains of Jayuya Puerto Rico.

What I do, in a nutshell: I create brands, develop their strategy, messaging and make sure they connect with our consumers on a logical and emotional way. While I do that, I'm also pursuing local sales and eventual globalization of Ron Artesano.

Over more than 24 years of experience I have acquired a rather uncommon set of professional skills, as I have literally worked the field in all positions: from a creative point of view as Designer and Creative Director, from a clients point of view as Marketing Brand Manager and, for the past years as an entrepreneur, creating brands and even getting an awesome opportunity leading two different sales teams.

Reasons To Believe:

Good to see you are still with me. The claims you read above are completely backed up by actual work experience, and every proposal I do is results-based. Please read on to learn more about my background.

- A keen eye for developing and recognizing creative work as an award-winning art director at Y&R San Juan and Creative Director at KIS Communications. I am an insider from the advertising agency world.
- I gained insightful business perspective from a client's point of view thanks to many years working for world-class companies like Cervecera de Puerto Rico (Medalla Light & Malta India), and the world's best selling rum, Bacardi.

How is this relevant to you?

Page 1 of 6

To put it simply... I'm an enabler. I know how to bring the right people together in successful problem-solving.

# Experience

# ARTESANO RUM CORPORATION

Chief Executive Officer

July 2020 - Present (2 years 8 months)

Jayuya, Puerto Rico

My mission is simple, but not an easy:

Get all my potential consumers to taste Ron Artesano, tell our story, educate about rum and take our brand around the world.

# LA DESTILERIA CRAFT SPIRITS

Director Of Business Development

March 2020 - September 2022 (2 years 7 months)

Jayuya, Puerto Rico

My mission is to create and nurture unique brands, and to develop their potential worldwide.

# Facsimile Paper Connection

Manager

April 2019 - May 2021 (2 years 2 months)

Puerto Rico

# Muñoz-Gonzalez S.C.

Problem Solver / Change Agent / Creator

April 2015 - July 2020 (5 years 4 months)

San Juan

I create profit for my clients by finding creative solutions to just about any marketing or business challenge they might be facing. My strongest suit? The Alcoholic Beverage Industry.

I have rock solid experience in:

- Creative Advertising
- Sales
- Product Packaging
- Budget Management & Planning
- Distributor Management
- Public Speaking

Page 2 of 6

• Client Management
• Strategic Planning & Brand Planning
• Sales

As a Consultant, I have been a key player in challenging projects such as:

• Co-creating a globally implemented corporate communications campaign
• Co-Creating a proprietary research platform (OPINATION)
• Creating a plan for a new manufacturing project
• Co-creating two brands
• Co-creating a specialized industry event
• Coordination & co-production of a full summer program with 13 events, big & small for a leading beer brand

Client portfolio includes Méndez & Co., Heineken, Amgen Pharmaceuticals, MMM, Old Harbor and several other local businesses.

Achievements:

• Managed successfully Heineken Puerto Rico's Vive la Verde Desde El Mar con Millo Torres summer project, presenting a total of 13 concerts, small and big as well as coordinating all sales, marketing, promotions and production aspects of all the events. Heineken Puerto Rico's Vive la Verde Desde el Mar final event broke the attendance record for Bahía Urbana with over 9,300 fans.
• Successfully developed phase 1 & 2 of corporate communications campaign for Amgen Pharmaceuticals Puerto Rico, achieving global implementation for a campaign in all Amgen sites worldwide.

# OPINATION

Partner

May 2017 - January 2020 (2 years 9 months)

Puerto Rico area

OPINATION is a real time social media and research platform that gives voice to people while providing actionable insights to brands.

Why OPINATION?

- You get the facts in Real-Time
- Biggest consumer sample on the subjects that matter to you
- You can keep an open conversation with your consumers
- Flash Surveys
- Segmentation, Sub-segmentation and Micro-segmentation of your consumer data - - Great cost per consumer
- Multidisciplinary team gives perspective to our projects

Page 3 of 6

Cinema Bar 1950

Founding Partner

October 2013 - May 2015 (1 year 8 months)

Cuartel de Ballaja, Old San Juan, Puerto Rico

Cafe, Boutique Cinema & Restaurant all under one roof at the heart of Old San Juan, Puerto Rico...right in front of El Morro.

http://www.cinemabar1950.com/

Bacardi

Brand Manager / Promotions Director

June 2013 - March 2015 (1 year 10 months)

San Juan, Puerto Rico

Brand management for Bacardi Rums in Puerto Rico, as well as Promotions Director for the local market.

Constantly developing new strategies to achieve strong brand engagement and affinity with our consumers. Responsibilities include: Brand Planning, budget planning & management, sales analysis, promotion planning, supervision and execution

Achievements:

- Twelve (12) months of consecutive market share growth for Bacardi Superior in Supermarket segment
- Maintain Bacardi's total market share in a 2% declining white rum business
- Improve size mix value proposal for the company from small sizes to big sizes to improve brand NSV
- Grow Bacardi's consumption in Hotels, bars & restaurants by 2% YTD
- Significantly improve Brand association with Cuba Libre & Mojito cocktails vs competition (IPSOS, Dec 13)
- Improve quality and relevance factors for the Brand (IPSOS, Dec 13)
- Improve overall Brand Equity Index (IPSOS, Dec 13)
- Improve "Fans" and "Adorers" for the Brand in Brand Adoration Matrix (BAM) (IPSOS, Dec 13)

Cervecera de Puerto Rico

Brand Manager

February 2007 - June 2013 (6 years 5 months)

Mayaguez, Puerto Rico

Responsible for all aspects of the Malta India business in Puerto Rico and it's growth from 62% market share to 86% in 5 years. Duties included strategic planning, budget management, advertising, promotions, brand integrations,

Page 4 of 6

production planning and forecasting. Managed and analyzed sales data and trends for both Malta India & Medalla Light. Part of the team that made Medalla Light the #1 beer in Puerto Rico.

I managed for Medalla Light sports sponsorships, brand integrations, Team Medalla Light surfing program, Restaurants & Hotel sales and relations, tactical efforts around the Island and new projects for Cervecera de PR. Served as a liaison between Cervecera de PR and Coca-Cola Distributors for both brands.

# Achievements:

- Increase sales for Malta India from 3,301,000 cases in 2007 to 4,878,000 in 2010 with double-digit growth in 2008 & 2009.
- Increase Malta India's total market share from 69.3% in 2007 to 80.2% in 2013 (IRI).
- Successful price increase planning for Malta India in 2011 resulting in record profit for Malta India (Cervecera de PR) in the last 10 years.
- Co-Manage Cervecera de Puerto Rico's sponsorship for the Central American Games held in Puerto Rico "Mayaguez 2010" overseeing production for promotional packages for Malta India & Medalla Light, signage for the event, collateral events and sales efforts.
- Co-manage Medalla Light promoter's budgets from 2010 avoiding budget overruns from promoters.
- Develop and manage key account relations for Medalla Light.
- Develop and manage Medalla Light's surfing program from 2011 until 2013
- Manage key negotiations for Fiestas de la Calle San Sebastian 2011 & 2012.
- Successful partnership with 20th Century Fox guaranteeing "First Right of Refusal" as a promotional partner for any movie to be presented in Puerto Rico by the company for Malta India in our category.

Guerrilla by Guerrilla, Inc.

President

2005 - 2010 (5 years)

Self-owned company specialized in alternate media and advertising, commonly referred to as Guerrilla. Provided alternate media outsource, as well as proprietary media like Napkin Media. Freelance advertising and marketing advisor.

Key Communications - De la Cruz & Associates

Creative Director

Page 5 of 6

February 2005 - February 2006 (1 year 1 month)

Creative direction for all agency's clients.

Supervise, validate and present creative concepts for new business prospects.

Young & Rubicam

Art Director

2003 - 2005 (2 years)

Art direction for creative concepts for brands like: Citibank, SunCom (now T-Mobile), ACH Foods, Heineken, Bodega de Mendez. Direct marketing for Citi.

Creative Awards: New York Film Festival, Cuspide, WPP's Blue Book (Top print ads in the world).

Grey

Art Director

1998 - 2002 (4 years)

Responsible for brands like Coors Light and Pearle Vision amongst others.

Duties included Coors Light Direct Marketing program (Club Coors), promotions and events concepts and advertising. Creative Awards: Cuspide, Graphis 2005 World Book.

## Education

School of Life

Design, Advertising, Marketing, Business, Start-ups, Entrepreneurship, Leadership, Finance, Sales · (1993 - 2027)

Universidad de Puerto Rico - Mayaguez

Dropped-Out, En route to Computer Engineering · (1990 - 1992)

Page 6 of 6

**Attachment 8:** `document_8.pdf`

Contact

www.linkedin.com/in/jose-ernie-torres-78b3952 (LinkedIn)

# Jose Ernie Torres

Financial Analyst (CPA)

Denver, Colorado, United States

## Experience

Mastercraft Cabinets, Inc.

Financial Analyst

July 2005 - Present (17 years 8 months)

Bacardi Plastic

Financial Analyst

September 1999 - June 2005 (5 years 10 months)

## Education

Solvay Brussels School of Economics and Management

MBA · (1998 - 1999)

Universidad de Puerto Rico

BBA, Accounting · (1992 - 1996)

Page 1 of 1

**Attachment 9:** `document_9.pdf`

Contact

www.linkedin.com/in/ljcruzrivera
(LinkedIn)

Top Skills

Risk Management

Information Technology

New Business Development

# Luis Jose Cruz-Rivera

Senior Executive Partner in Technology and Inspired Master Distiller
Puerto Rico

## Summary

Mr. Cruz-Rivera has over 20 years in technology solution development, business consulting, and corporate management, serving multidisciplinary and complex engagements in both the private and government sectors. Luis has a breath of experience in setting the direction of new business opportunities, tailored solution development, enterprise architecture, data analytics, intellectual property exploitation, and partnership development to effectively meet growth, technical, financial, and business objectives.

He has also is a creative force that leads La Destilería designing spirits (winning 14 medals for his approach to Rum) process improvements, technique evolution. Focused on innovation to drive new experience and memories.

His management experience includes strategic plan and key performance indicator development, developing teams, and executing plans to meet near-term goals and long-range strategies. He has excelled in cyber and system engineering, enterprise architecture, and R&D, not to mention distillery plant design, operations and distilled spirits design.

Mr. Cruz-Rivera has focused his career on the effective management of technical and business innovation, always striving to achieve and maintain a competitive edge and enduring value that adapts to the dynamic and demanding requirements of national and corporate priorities.

A U.S. Army veteran and a member of numerous professional and civic organizations, Mr. Cruz-Rivera obtained his BS in Electrical Engineering from Prairie View A&M University and graduate work from Stanford University and GA Tech where he supported the Intelligence Community, as a consultant through SAIC, on cyber security, cyber-physical vulnerability, and supply chain risk. As a serial entrepreneur for over a decade, he supported

Page 1 of 6

venture capital, hi-tech venture development organizations, and US government clients. Most recently before La Destilería and co-founding WhiteHawk, he was VP at Resilient in 2014, and worked as a Technical Director at TASC supporting Cyber and IT and the DHS DNDO programs in solution development, systems engineering, business development and project management. Where he was instrumental in the identification of business and technical models for multiple customers.

## Experience

WhiteHawk Inc

Co-Founder

June 2016 - Present (6 years 9 months)

Alexandria, Virginia

WhiteHawk helps match cyber security need to best possible solution. We provide a client centric view which accounts for a 360 protection approach to facilitate customer investment and operational planning. Our advanced algorithms and remediation approach helps mid-sized and small companies to build and provide secure environment that supports business value. Therein I am responsible for the enterprise, technical, and security architecture, the development teams, and the overall management of the service delivery framework we deploy. Innovation management, delivery management, cyber consulting services, algorithm development, intellectual property development, are all in a good day's work...

## LA DESTILERIA CRAFT SPIRITS

Chief Spirits Engineer

October 2016 - Present (6 years 5 months)

Jayuya, PR

Celebrating Life as Art, we bring new premium expressions of Rum to life and build on the quality Rum heritage of the Island. My job is to imagine how to execute every small batch to quality standards and build unique expressions in every bottle we send out to the world!

At La Destilería, I focus on building teams that deliver unique high quality distilled spirits through an Agile based product delivery model that unifies spirits manufacturing with artistry and craftsmanship using an innovative Kanban-lean manufacturing model. We have received 14 medals in less than

Page 2 of 6

6 years for our spirits. Lead 3rd party manufacturing in support of Clients like Artesano Rum Corporation.

# Hilton

Sr. Director, Enterprise architect

November 2018 - July 2022 (3 years 9 months)

Mclean, Virginia

Directed enterprise architecture integration and technology strategy. Involved in roadmap development and innovation planning that spanned 15 brands and over 5000 hotels worldwide. Managed risk and solution review for several products and architecture of same.

# Resilient

Vice President of Govt and Industry Programs

October 2014 - June 2016 (1 year 9 months)

DC Area

Resilient, a pioneer in the field of resilience metrics, uses innovative big data analytics to measure the capacity of the world's leading businesses, governments and institutions to anticipate disruptions, adapt to events and create lasting value. As Vice President of Government and Industry Programs, I support business and market intelligence, strategic planning, process innovation, development of data science initiatives, information security solutions, among other responsibilities. Exciting times...

# Sigma Lambda Beta International Fraternity Inc.

Chairman, Executive Board of Directors

June 2012 - December 2014 (2 years 7 months)

Enhancing community engagement and collegiate membership services to increase volunteerism and multi-cultural graduation rates across the US. Providing non-profit strategic planning and operational assessments to impact social justice and organize community outreach to increase access to higher education within un-served and under served population.

# TASC, Inc.

3 years 1 month

Technical Director, Cyber and IT Division

April 2014 - September 2014 (6 months)

Leading the cyber, information assurance, IT modernization, data research and innovation program strategies supported by the division. Additionally serving as solution architect and senior consultant on multiple system

Page 3 of 6

engineering and development opportunities. Responsible to grow and leverage organizational resources, identifying technical strategy, mitigating risks, and measuring performance across the CIT division portfolio. Provide cyber and innovation services to transform business agility within division and sector.

# Senior Section Manager, Programs

September 2011 - April 2014 (2 years 8 months)

Infrastructure Protection and Security Business Unit, DNDO Technical Services

Supporting complex DHS and Fed Civil customer engagements and solution development projects. Led technical and business management roles.

Responsible for technical direction, enterprise and service improvements, and systems engineering discipline for several DHS engagements. Interest in driving enterprise innovation, business assessment models, intellectual capital strategy, partnership development, and enabling strategic direction for products and services.

# ManTech

Technical Director

February 2007 - September 2011 (4 years 8 months)

Senior manager for DHS system engineering and acquisition support program. Overall responsible for project team KPIs, QA framework, and cross-functional integration efforts in support of solution development mission. Primary customer point of contact for expert knowledge of solution development across ideation, prototyping, frameworks, design, development, and testing phases.

# Sentric Consulting, LLC

Principal, Technology Manager

February 2008 - August 2011 (3 years 7 months)

Managed BPR and ERM portfolio clients. Responsible for solution development, innovation efforts, and intellectual property strategy management. Led business strategy for telecommunications and manufacturing accounts, client business development pipelines, client strategic alliance development, and ensured talent sourcing and development plans ensure performance metrics were met.

# QCV LLC

Partner

March 2009 - May 2010 (1 year 3 months)

Page 4 of 6

Partner investor in entertainment venues and events within the Ft.Walton Beach area. Also support business development and financial services with region.

CCG Corp

Program Manager

March 2003 - October 2007 (4 years 8 months)

Program Manager in charge of RF MEMS lifecycle from concept inception to limited production and testing Engineering Lead for wireless security and surveillance design and product development.

WalterPan

TI.GER Student GT

2004 - 2005 (1 year)

Solution and Market Development Lead for electronic kiosk deployment for e-government and retail solutions.

SotoCom, Inc

CTO

April 2002 - December 2004 (2 years 9 months)

Responsible for technology commissioning and deployment of pre-Wi-Max services for niche data markets supporting university and residential markets.

Stanford University

grad student

2001 - 2003 (2 years)

US Army

1/4 CAV; 7/158th Aviation Regiment

1992 - 1995 (3 years)

Ft Riley, KS; Giebelstadt Army Airfield, Germany

# Education

Stanford University

MSEE, EE/MS&E · (August 2001 - August 2003)

Georgia Institute of Technology

EE/BioE · (2003 - 2005)

Page 5 of 6

University of Minnesota

MSE · (2000 - 2001)

Prairie View A&M University

BSEE, EE/Math/Mil.Sci. · (1996 - 2000)

Page 6 of 6

**Attachment 10:** `document_10.pdf`

# Ron Artesano

Publicado por Jose Muñoz 15 de octubre.

Oficialmente HOY comienza nuestra 2da campaña de Crowdfunding con WeFunder. Con éste dinero nos enfocaremos en producir más botellas para llevar Ron Artesano a todas las esquinas de Puerto Rico de la mano de nuestro distribuidor Fine Wine Imports. También perseguiremos oportunidades de crecimiento en USA, Canada & Caribe.

NO estamos pidiendo un donativo.

Estamos presentando una oportunidad de que TU seas parte de nuestra historia, y apuestes a una compañía puertorriqueña que... Ver más

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

WHATSAPP

Invest in Ron Artesano: Premium rum brand handmade in the mountains of Puerto Rico.

WhatsApp

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

## Ron Artesano

Publicado por Jose Muñoz 27 de octubre .

Emocionados por el gran apoyo que hemos recibido de parte de nuestros amigos en menos de 2 semanas. Invierte en Puerto Rico.

www.wefunder.com/ronartesano

#disfrutaelproceso #enjoytheprocess

## Premium rum brand handmade in the mountains of Puerto Rico

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

ronartesano.com

San Juan Puerto Rico

B2B

Alcohol & Vice

Retail

Minority Founder

OVERVIEW

UPDATES

WHAT PEOPLE SAY

ASK A QUESTION

EARLY BIRD TERMS: $158,400 LEFT

$41,600

reserved of a $50,000 goal

INVEST

min $250

$0

INVEST

WATCH FOR UPDATES

INVESTMENT TERMS

S3M valuation cap Convertible Note

Early Bird Bonus:

9% Interest Rate

Investor Perks: $250, $500, $1K, $10K

LEAD INVESTOR

Candido Alfonso

As a member of the industry, I truly believe that premium rum will be the...

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

Ron Artesano se 😊 siente agradecido(a).

Publicado por Jose Muñoz 🌎 · 30 de octubre · 🌐

Gracias a todas las personas que han compartido nuestras publicaciones, gracias a todos los que nos han apoyado y creído en nosotros. Es muy emocionante ver el apoyo que hemos recibido. #disfrutaelproceso

www.wefunder.com/ronartesano

*** ENGLISH ***... Ver más

INVEST IN RON ARTESANO

Share

### Premium rum brand handmade in the mountains of Puerto Rico

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

ronartesano.com

San Juan Puerto Rico

B2B

Alcohol & Vice

Retail

Minority Founder

EARLY BIRD TERMS: $151,367 LEFT

$48,633

reserved of a $50,000 goal

INVEST

min $250

$

0

INVEST

WATCH FOR UPDATES

INVESTMENT TERMS

$3M valuation cap

Convertible Note

Early Bird Bonus:

9% Interest Rate

Investor Perks: $250, $500, $1K, $10K

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

## Ron Artesano

Publicado por Jose Muñoz . 2 de noviembre .

...

Invierte en Ron Artesano, hecho a mano en Jayuya.

www.wefunder.com/ronartesano

#disfrutaelproceso

#enjoytheprocess

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

WHATSAPP

WhatsApp

# Ron Artesano

Publicado por Jose Muñoz 10 de noviembre a las 07:09 .

¡Por fin! Busca tus botellas de Ron Artesano en Fine Wine Imports desde hoy!

www.RonArtesano.com

www.WeFunder.com/RonArtesano

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

RONARTESANO.COM

# Ron Artesano

PremiumCraft Rum Handmade in Puerto Rico Artesano is the n

Comprar

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

# Ron Artesano

Publicado por Jose Muñoz . 17 de noviembre a las 16:59 .

¡¡$70,000!!! ¡¡Muchas gracias por el apoyo!!!

Vienen muchas cosas buenas.

www.wefunder.com/ronartesano

INVEST IN RON ARTESANO

# Premium rum brand handmade in the mountains of Puerto Rico

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

ronartesano.com

San Juan Puerto Rico

B2B

Alcohol & Vice

Retail

Minority Founder

...

EARLY BIRD TERMS: $129,817 LEFT

$70,183

reserved by 49 investors

INVEST

min $250

$

0

INVEST

WATCH FOR UPDATES

INVESTMENT TERMS

$3M valuation cap

Convertible Note

Early Bird Bonus:

9% Interest Rate

Investor Perks: $250, $500, $1K, $10K

## Can you vouch for John Doe?

John has applied to raise funding for Company Name on Wefunder and provided your name as a personal reference.

Quote goes here

Wefunder has raised hundreds of millions for startups that later went on to raise over $5 billion in follow-on funding from venture capitalists.

Can you vouch for John?

VOUCH FOR JOHN

LEARN MORE

### About Wefunder

We help anyone invest as little as $100 in the startups they believe in. We're also a Public Benefit Corporation with a mission to keep the American dream alive. We aim to help 20,000 founders get off the ground by 2029.

Unsubscribe | About | Education

Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Reg Crowdfunding offerings are made. Wefunder, Inc. operates sections of wefunder.com where some Reg A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.

Company Name is testing the waters to evaluate investor interest. No money or other consideration is being solicited; if sent, it will not be accepted. No offer to buy securities will be accepted. No part of the purchase price will be received until a Form C is filed and, then, only through Wefunder. Any indication of interest has no obligation or commitment of any kind.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Is this an amendment?** Yes

**Nature of Amendment:** Updating the Lead Investor to Cesar Rolon.

**Name of Issuer:** Artesano Rum Corporation

**Legal Status:** Corporation

**Jurisdiction of Incorporation/Organization:** PR

**Date of Organization:** 07-13-2020

**Physical Address:** Villas del Este 7, SAN JUAN, PR, 00926

**Issuer Website:** http://www.ronartesano.com

**Is there a Co-Issuer?:** Yes

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

**Compensation to Intermediary:** 5.0% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

**Financial Interest in Issuer:** No

**Type of Security Offered:** Other

**Other Description of Security:** Convertible Note

**Number of Securities Offered:** 50000

**Price per Security:** $1.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

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

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

**Description of Oversubscription:** As determined by the issuer

**Maximum Offering Amount:** $350,000.00

**Deadline to Reach Target Amount:** 04-30-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 3

**Total Assets (Most Recent Fiscal Year):** $133,337.96

**Total Assets (Prior Fiscal Year):** $105,335.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $20,404.49

**Cash & Cash Equivalents (Prior Fiscal Year):** $97,696.25

**Accounts Receivable (Most Recent Fiscal Year):** $49,300.50

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

**Short-Term Debt (Most Recent Fiscal Year):** $4,819.15

**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):** $49,300.50

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

**Cost of Goods Sold (Most Recent Fiscal Year):** $27,188.80

**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):** $-93,796.19

**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, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, B5, GU, PR, VI, 1V

### Signatures

**Issuer:** Artesano Rum Corporation

**Signature:** Jose J. Muoz Gonzalez

**Title:** Founder & CEO

---

**Signature:** Omar E. Negrn Judice

**Title:** Investor

**Date:** 02-09-2023

---

**Signature:** Javier Herrera Orta

**Title:** CEO

**Date:** 02-09-2023

---

**Signature:** Jose Ernesto Torres

**Title:** CFO

**Date:** 02-08-2023

---

**Signature:** Jose J. Muoz Gonzalez

**Title:** Founder & CEO

**Date:** 02-08-2023