# EDGAR Filing Document

**Accession Number:** 0001962474
**File Stem:** 0001746059-23-000034
**Filing Date:** 2023-2
**Character Count:** 149104
**Document Hash:** 2375132a7907414f49509f36cbf21ac6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000034.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001746059-23-000034

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 8

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mama Bev's Bakery, LLC
- **CENTRAL INDEX KEY:** 0001962474
- **IRS NUMBER:** 833501831
- **STATE OF INCORPORATION:** WI

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31719
- **FILM NUMBER:** 23576474

**BUSINESS ADDRESS:**
- **STREET 1:** 5620 S 108TH ST
- **CITY:** HALES CORNERS
- **STATE:** WI
- **ZIP:** 53130
- **BUSINESS PHONE:** (414) 235-5060

**MAIL ADDRESS:**
- **STREET 1:** 5620 S 108TH ST
- **CITY:** HALES CORNERS
- **STATE:** WI
- **ZIP:** 53130

### Attached PDF Documents

**Attachment 1:** `mamabev_offmo.pdf`

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

## OFFERING MEMORANDUM

facilitated by

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

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# Mama Bev's Bakery

## FORM C

### OFFERING MEMORANDUM

#### Purpose of This Form

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

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

#### (A) The Company

| Name of Company | Mama Bev's Bakery |
| --- | --- |
| State of Organization | WI |
| Date of Formation | 02/08/2019 |
| Entity Type | Limited Liability Company |
| Street Address | 5620 S 108th St, Hales Corners WI, 53130 |
| Website Address | www.mamabevs.com |

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

| Key Person | Gary Plassmeyer |
| --- | --- |
| Position with the Company | Title Founder First Year 2019 |
| Other business experience (last three years) | N/A |

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| Key Person | Andrew Baer |
| --- | --- |
| Position with the Company | Title Founder First Year 2019 |
| Other business experience (last three years) | List any other titles and dates of positions held (with this business or other employers) during the past three years with an indication of job responsibilities. For example: Owner Storage Authority. Since 2015 - Runs day to day operations of storage unit facilities. |

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

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Gary Plassmeyer | 30% |
| Andrew Baer | 30% |

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

# Team Experience

Our team is the best group of individuals around! We have over 100 years of CPG experience and we ALL have some skin in the game.

- 100+ years of experience in the food and beverage industry.
- Have committed $1M in cash contributions to build the foundation!
- Companies work for includes: Kraft, Del Monte, Campbells, CoraLogic, Baker Tilley, Procter & Gamble, General Mills, Anheuser-Busch and Texas Roadhouse
- The skillsets cover a wide range for business growth: Marketing, Sales, Operations, Commercialization, Formulation, Finance and C-suite experience.

# Business Model

DTC (direct to consumer) and B2B (business to business) is where we will live!

- QVC, Woot and our own e-commerce page will generate the bulk of our DTC push.
- Legendary customer return analytics tell us that we have something special.
- B2B push will be generated around restaurants and grocery stores.
- We are starting in a select few key markets with a few key accounts.
- This allows us to understand what a advertising spending will need to be before we expand out further.

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# Intended Use of Funds

The need to tell our story and to educate on WHAT butter cake is...

- 99% of people have never heard of butter cake...
- Due to this there needs to be an extensive marketing push on WHAT it is and why people need it in their lives!
- We will need to bring on a couple teammates to help us spread the word.
- Lastly we need some working capital to allow us the time to engrain our story and cake in the market.

# The Competition

VERY FEW competitors as butter cake is an emerging "thing"!

- We are the first to bring this high end indulgent treat to the masses.
- Prairie City Bakery has a more low end offering.
- THIS is why we are so excited for our opportunity... We get to create the category!

# Our Mission

Mama Bev's is a Christian based organization with the MAIN goal of immersing ourselves with local community organizations to help with addiction and mental health issues any way we can! If that means we do it with cake then so be it!

- Our team is made up of recovered alcoholics and mental health sufferers who know the true trials of life.
- Our first official day of operations was right when Covid hit in March 2020.
- Instead of sitting back we started feeding nurses in hospitals.
- That lead to the nurses helping us build 1000+ hot meals at a time and taking them to those in need.
- We partner with God Touch Milwaukee and One Touch Ministries who helps people recover from addiction.
- We partner with Ebenezer Stone Ministries to get food for hot meals to prepare.
- Faith, family community and amazing cake are the core values we live by... and in that order!
- Our Ethos: Having faith in our journey while surrounding ourselves with family, immersing ourselves in the community and delivering exceptional baked to to people everywhere!
- All while making a unique and game changing cake that is pleasing people nationwide.

# Our Story

From alcoholism and a restaurant to sobriety and butter cake. What an incredible journey Mama Bev's is on! We had a 3rd generation butter cake recipe on our restaurant menu when we noticed people were showing up just for the cake. BOOM! A lightbulb went off and away we went...

- Opened our restaurant in 2017.
- Added our third generation butter cake recipe to the menu.
- We named the cake after mom who passed away right before we opened the restaurant.
- Next thing we knew we were getting approached by local grocery stores and competing restaurants asking if they could buy and sell them.
- We spent the entire year of 2019 researching how to shift from a restaurant to a bakery.
- One thing we have learned over time is surround yourselves with people who have done what you would like to do which is how we wound up with such a dynamic team!

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- Next QVC came knocking and we are currently in the top 5% of brands and products that make it to 10+ airings.
- Now we are ready to launch on a national scale with amazing partners ready to bring on the cakes and help us introduce the indulgent decadence to all!

The Team

Gary Plassmeyer, Founder and CEO

- 20-year restaurant vet with high volume corporate chain experience with the Texas Roadhouse.
- Serial entrepreneur on 3rd start up with Mama Bev's, 9 th Slice Pizza and Thermonator Holdings.
- Specializes in operations, brand development and visionary build out.

Andrew Baer, Founder

- 15-year beverage wholesaler owner with Anheuser Busch.
- Serial entrepreneur on 4th start-up with Mama Bev's, 9th Slice Pizza, Thermonator Holdings and Advanced Learning Center.
- Specializes in logistics and facility management.

Alycia Pogrebo, Director of Operations

- 15-year restaurant vet with high volume start up experience with 9th Slice Pizz.
- Specializes in product development, production line management and customer relations.

Scott Corsi, VP of Sales

- 25-year FAB industry vet with The Merco Group, SPC Product Consulting and Catapult Commercialization Services.
- Specializes in sales, marketing, broker relations, margin analytics, product and brand development.

Jim Cain, Formulations Officer

- 30-year FAB industry vet with Kraft, Campbells, Del Monte and Maine Flavors.
- Specializes in developing strategic approaches and implementing creative technical solutions for product formulations, process developments, and packaging advances.

Carter Welch, CMO

- 30-year FAB industry vet with Proctor and Gamble, Brach's Candies, Pillsbury and the Fig Tree Group.
- Specializes in marketing, revenue optimization, negotiating, change management, scaling for growth, biz dev, building teams, streamlining business processes, and brand management.

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Ryan Calton, CFO

- 20-year finance industry vet with Brewer Co, Hampel Corp and Baker Tilly.
- Specializes in mergers and acquisitions, new product development and go to market, and smart systems to support data-driven decision making.

Penny Arvanetes, Advisor and Equity Member

- 30 year cross-industry business and marketing professional with Fluor Daniel; BI-LO Center; The Palmetto Bank, SoftwareONE
- Specializes in strategic marketing; brand alignment, communications and public relations.

Tino Avanetes, Advisor and Equity Member

- VP of Wealth Management for PNC Bank
- 35-year finance industry vet with BMO, Johnson Financial, US Bank and PNC.
- Specializes in business banking and investor relations and loan adaptation.

Jamie Valenti-Jordan, Advisor and Equity Member

- CEO of Catapult Commercialization Services
- 20-year FAB industry vet with General Mills, Del Monte and Campbells.
- Specializes in developing and executing aligned marketing and operations plans centered around novel food and beverage products.

Mikhail Palatnik, Chairman and Equity Member

- VP of Product Development for Zywave
- 20-year software industry vet with Accenture, CoreLogic and Zywave.
- Specializes in product management, data & analytics and P&C insurance.

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

(E) Number of Employees

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

(F) Risks of Investing

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

THESE SECURITIES ARE OFFERED UNDER AN EXEMPTION FROM REGISTRATION UNDER FEDERAL LAW. THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE "SEC") HAS NOT

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MADE AN INDEPENDENT DETERMINATION THAT THESE SECURITIES ARE EXEMPT FROM REGISTRATION. THE SEC HAS NOT PASSED UPON THE MERITS OF THE SECURITIES OR THE TERMS OF THE OFFERING, AND HAS NOT PASSED UPON THE ACCURACY OR COMPLETENESS OF THE OFFERING DOCUMENTS OR LITERATURE.

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

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

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

| Target Offering Amount | $123,000 |
| --- | --- |
| Offering Deadline | April 3, 2023 |

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

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

| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $124,000 |
| If Yes, how will the Company deal with the oversubscriptions? | We will accept subscriptions on a first-come, first-served basis. |

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

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

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| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Introducing Butter Cake to all!! | $50,000 | $50,000 |
| Adding Awesome People!! | $30,000 | $30,000 |
| Baking Cakes!! | $20,000 | $20,000 |
| Community Work!! | $14,697 | $15,630 |
| Mainvest Compensation | $8,302.5 | $8,370 |
| TOTAL | $122,999.5 | $124,000 |

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

#### (J) The Investment Process

##### To Invest

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

##### TO CANCEL YOUR INVESTMENT

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

##### Other Information on the Investment Process

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

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

#### (K) Material Changes

In the event the issuer undergoes a material change, the Investor will be notified of such change. The investor will have five (5) business days from the receipt of such notice to reconfirm their investment. IF AN INVESTOR DOES NOT RECONFIRM HIS OR HER INVESTMENT COMMITMENT

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WITHIN FIVE (5) DAYS OF THE NOTICE OF MATERIAL CHANGE BEING SENT, THE INVESTOR'S INVESTMENT COMMITMENT WILL BE CANCELLED, THE COMMITTED FUNDS WILL BE RETURNED, AND THE INVESTOR WILL NOT BE ISSUED ANY OF THE SECURITIES REFERENCED IN THIS OFFERING.

#### Explanation

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

#### (L) Price of the Securities

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

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## (M) Terms of the Securities

### Overview

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

### Summary of Terms

| Revenue Percentage 1 | 0.8 - 0.8% 2 |
| --- | --- |
| Payment Deadline | 2031-06-30 |
| Maximum Payment Multiple 3 - Early Investors - All Other Investors | 1.6 x 1.5 x |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Accrual Rate | 3.79% |

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

$^{2}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 0.8% and a maximum rate of 0.8% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases. For example, a hypothetical offering could result in the following revenue sharing percentages, depending on the amount raised:

| Amount Raised | Revenue Sharing Percentage |
| --- | --- |
| $123,000 | 0.8% |
| $123,250 | 0.8% |
| $123,500 | 0.8% |
| $123,750 | 0.8% |
| $124,000 | 0.8% |

$^{3}$ To reward early participation, the investors who contribute the first $123,000.0 raised in the offering will receive a 1.6x cap. Investors who contribute after $123,000.0 has been raised in the offering will receive a 1.5x cap.

### Your Right to Payments under the Note

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

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

# Obligation to Contribute Capital

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

# No Right to Transfer

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

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

# Security

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

# Modification of Terms of Notes

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

# Other Classes of Securities

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

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## Dilution of Rights

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

## The People Who Control the Company

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

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Gary Plassmeyer | 30% |
| Andrew Baer | 30% |

## How the Exercise of Voting Rights Could Affect You

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

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

## How the Notes are Being Valued

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

## (N) The Funding Portal

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

## (O) Compensation of the Funding Portal

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

## (P) Indebtedness of the Company

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| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| SBA | $150,000 | 3% | 01/01/2035 |  |
| First Citizens | $120,000 | 4% | 12/31/2026 |  |
| US Bank | $26,000 | 2% | 01/01/2026 |  |

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

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

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

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

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

##### Historical milestones

Mama Bevs Bakery LLC has been operating since March 2020 and has since achieved the following milestones:

- Opened location in Hales Corners WI
- Achieved revenue of $500k in 2022
- Had Cost of Goods Sold (COGS) of $200k, which represented gross profit margin of 25% in 2022.

Historical financial performance is not necessarily predictive of future performance.

##### Forecasted milestones

Mama Bevs Bakery LLC forecasts the following milestones:

- Hire for the following positions by June 1 2023: Sales and Community Outreach
- Achieve $850k revenue per year by 2023.
- Achieve $1.5M profit per year by 2024.

##### No other outstanding debt or equity

The capital raised through Mainwest will make up the entirety of the Mama Bevs Bakery LLC’s fundraising. However, Mama Bevs Bakery LLC may require additional funds from alternate sources at a later date.

##### Financial liquidity

Mama Bevs Bakery LLC has a moderate liquidity position due to its low cash reserves as compared

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to debt and other liabilities. Mama Bevs Bakery LLC expects its liquidity position to decline upon raising capital on Mainvest and deploying the capital to grow the business.

#### (T) The Company's Financial Statements

Please see Appendix B for historical financial statements.

##### Pro Forma Income Statement

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

|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $850,000 | $1,500,000 | $2,600,000 | $3,400,000 | $4,148,000 |
| Cost of Goods Sold | $300,000 | $450,000 | $750,000 | $900,000 | $1,100,000 |
| Gross Profit | $550,000 | $1,050,000 | $1,850,000 | $2,500,000 | $3,048,000 |
| EXPENSES |  |  |  |  |  |
| Rent | $80,000 | $80,000 | $125,000 | $125,000 | $125,000 |
| Advertising and Marketing | $65,000 | $50,000 | $50,000 | $75,000 | $75,000 |
| Salaries & Benefits | $225,000 | $275,000 | $300,000 | $350,000 | $400,000 |
| Insurance | $10,000 | $15,000 | $20,000 | $25,000 | $30,000 |
| Equipment Lease | $50,000 | $5,000 | $5,000 | $5,000 | $5,000 |
| Repairs & Maintenance | $10,000 | $10,000 | $15,000 | $20,000 | $20,000 |
| Legal & Professional Fees | $25,000 | $10,000 | $10,000 | $10,000 | $10,000 |
| Shipping and Packaging | $40,000 | $75,000 | $104,000 | $85,000 | $85,000 |
| Distributor Fees | $66,000 | $144,000 | $276,000 | $372,000 | $400,000 |
| Distribution Transportation | $12,500 | $37,500 | $65,000 | $85,000 | $100,000 |
| Ecommerce/QVC | $40,000 | $50,000 | $47,500 | $35,000 | $35,000 |
| Trade Spend/Brand | $55,000 | $120,000 | $230,000 | $310,000 | $310,000 |

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| Awareness |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- |
| Office supplies and software | $35,000 | $65,000 | $77,000 | $93,000 | $100,000 |
| Guaranteed Payments | $60,000 | $75,000 | $75,000 | $75,000 | $75,000 |
| Frozen Storage | $7,500 | $10,000 | $15,000 | $20,000 | $25,000 |
| Consulting | $30,000 | $30,000 | $30,000 | $30,000 | $30,000 |
| Building Services | $25,000 | $30,000 | $40,000 | $50,000 | $60,000 |
| Broker Fees | $22,000 | $48,000 | $92,000 | $124,000 | $140,000 |
| CFO/Tax Fees | $40,000 | $55,000 | $65,000 | $65,000 | $75,000 |
| Operating Profit | $-348,000 | $-134,500 | $208,500 | $546,000 | $948,000 |

#### (U) Disqualification Events

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

#### Explanation

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

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

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

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

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

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

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

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

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

# Additional Information Included in the Form C

|  | Most recent fiscal year-end (tax returns) | Prior fiscal year-end (tax returns) |
| --- | --- | --- |
| Total Assets | $350,956.00 | $82,448.00 |
| Cash & Cash Equivalents | $5,607.00 | $28,725.00 |
| Accounts Receivable | $0 | $0 |
| Short-term Debt | $0 | $0 |
| Long-term Debt | $582,000.00 | $100,100.00 |
| Revenues/Sales | $426,062.00 | $173,956.00 |
| Cost of Goods Sold | $70,349.00 | $64,678.00 |
| Taxes Paid | $0 | $0 |
| Net Income | $-418,770.00 | $-312,964.00 |

Jurisdictions in which the Company intends to offer the securities:

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

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**Attachment 2:** `mamabev_appxa.pdf`

# APPENDIX A: INVESTMENT RISKS

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## YOU MIGHT LOSE YOUR MONEY

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

## LIMITED SERVICES

Mama Bevs Bakery LLC operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

## LACK OF ACCOUNTING CONTROLS

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

## RELIANCE ON MANAGEMENT

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

## FINANCIAL FORECASTS RISKS

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

## INABILITY TO SELL YOUR INVESTMENT

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

## THE COMPANY MIGHT NEED MORE CAPITAL

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

2

altogether.

#### CHANGES IN ECONOMIC CONDITIONS COULD HURT MAMA BEVS BAKERY LLC

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

#### NO REGISTRATION UNDER SECURITIES LAWS

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

#### INCOMPLETE OFFERING INFORMATION

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

#### LACK OF ONGOING INFORMATION

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

#### UNINSURED LOSSES

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

#### CHANGES IN LAWS

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

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

In many ways, your interests and the interests of Mama Bevs Bakery LLC's management will coincide: you both want Mama Bevs Bakery LLC to be as successful as possible. However, your interests might be in conflict in other important areas, including these: You might want Mama

3

Bevs Bakery LLC to act conservative to make sure they are best equipped to repay the Note obligations, while Mama Bevs Bakery LLC might prefer to spend aggressively to invest in the business. You would like to keep the compensation of managers low, while managers want to make as much as they can.

#### FUTURE INVESTORS MIGHT HAVE SUPERIOR RIGHTS

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

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

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

#### YOU HAVE A LIMITED UPSIDE

Notes include a maximum amount you can receive. You cannot receive more than that even if Mama Bevs Bakery LLC is significantly more successful than your initial expectations.

#### YOU DO HAVE A DOWNSIDE

Conversely, if Mama Bevs Bakery LLC fails to generate enough revenue, you could lose some or all of your money.

#### PAYMENTS AND RETURN ARE UNPREDICTABLE

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

#### THE NOTES ARE UNSECURED AND UNINSURED

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

#### SUBORDINATION

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

#### LACK OF GUARANTY

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

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

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

#### COVID-19 IMPACT

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

5

**Attachment 3:** `mamabev_appxb.pdf`

# APPENDIX B:
FINANCIAL STATEMENTS
(Unaudited)

1

# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| Income |  |
| Direct Sales |  |
| Direct to Consumer | 17,611.40 |
| In House E-comm/Retail |  |
| Online | 40,887.59 |
| Online Sales Tax | 354.03 |
| Shipping Income | 8,553.08 |
| Total Online | 49,794.70 |
| Retail | 84,042.19 |
| Gratuity Income | 4,317.04 |
| Retail Sales Tax | 2,511.71 |
| Weddings | 1,154.11 |
| Total Retail | 92,025.05 |
| Total In House E-comm/Retail | 141,819.75 |
| Total Direct Sales | 159,431.15 |
| Distributor Sales | 14,516.30 |
| Total Income | $173,947.45 |
| Cost of Goods Sold |  |
| Cost of Goods Sold | 9,888.57 |
| Cake COGS | 60,866.48 |
| Cake Package (deleted) | 185.50 |
| Cake Packaging | 13,445.53 |
| In House E-Comm/Retail COGS |  |
| Online COGS | 699.62 |
| Retail COGS | 6,927.37 |
| Total In House E-Comm/Retail COGS | 7,626.99 |
| Total Cost of Goods Sold | 92,013.07 |
| Inventory Shrinkage | 0.00 |
| Shipping Costs (deleted) | 0.00 |
| Total Cost of Goods Sold | $92,013.07 |
| GROSS PROFIT | $81,934.38 |
| Expenses |  |
| Accounting Fees | 2,006.25 |
| Advertising & Marketing | 31,094.62 |
| Baking Supplies - Promo | 1,488.22 |
| Marketing-Vintage Grounds | 600.00 |
| Total Advertising & Marketing | 33,182.84 |
| Bank Charges & Fees | 219.65 |
| Building Services | 849.36 |
| Electricity | 4,402.52 |

Accrual Basis Thursday, January 26, 2023 02:44 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| Garbage Pickup | 2,757.00 |
| Gas | 618.25 |
| Pest Control | 1,394.00 |
| Security | 418.02 |
| Utilities | 5,236.88 |
| Total Building Services | 15,676.03 |
| Car & Truck | 15.00 |
| Charitable Contributions | 92.70 |
| Computer Expense | 300.00 |
| Consulting | 68,170.65 |
| Consulting Fee - JC | 62,440.98 |
| Total Consulting | 130,611.63 |
| Credit Card Merchant Fees | 313.20 |
| Equipment Expense | 9,301.27 |
| Equipment Rental | 2,929.18 |
| Fuel Charges | 245.00 |
| Human Resources (HR) | 4,156.25 |
| Insurance | 2,128.88 |
| Interest | 3,484.90 |
| Internet & TV | 2,865.83 |
| Job Supplies | 4,828.00 |
| Kitchen Supplies | 9,179.08 |
| Smallware | 2,753.63 |
| Total Kitchen Supplies | 11,932.71 |
| Legal & Professional Services | 10,424.25 |
| Linens and Refills | 2,009.75 |
| Manufacturing | 12,666.40 |
| Meals & Entertainment | 838.18 |
| Membership Dues | 200.00 |
| Mileage Reimbursement | 3,655.74 |
| Office Expenses | 717.47 |
| Office Supplies & Software | 10,133.20 |
| Other Business Expenses | 271.14 |
| Outside Services | 900.00 |
| Payroll Expenses |  |
| FICA Expense | 11,173.58 |
| FUTA Expense | 380.11 |
| Payroll Processing Fees | 1,635.00 |
| SUTA Expense | 2,579.63 |
| Total Payroll Expenses | 15,768.32 |
| Printing Costs | 3,217.63 |

Accrual Basis Thursday, January 26, 2023 02:44 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2020

|  | TOTAL |
| --- | --- |
| QuickBooks Payments Fees | 109.13 |
| Rent & Lease | 43,716.59 |
| Repairs & Maintenance | 3,042.51 |
| Royalties | 2,765.05 |
| Salaries & Wages | 146,060.67 |
| Sales Tax Paid out | 269.36 |
| Shipping and Packaging Costs | 31,193.86 |
| Shipping Materials | 3,506.84 |
| Subscriptions | 1,877.33 |
| Supplies & Materials | 1,788.13 |
| Taxes & Licenses | 3,527.64 |
| Toast Expenses | 100.00 |
| Travel | 1,852.91 |
| Uncategorized Expense | 1,943.75 |
| Website Hosting | 1,426.15 |
| Total Expenses | $528,271.32 |
| NET OPERATING INCOME | $ -446,336.94 |
| Other Income |  |
| MEDC Grant | 8,750.00 |
| SBA Loan | 17,352.06 |
| Total Other Income | $26,102.06 |
| Other Expenses |  |
| Depreciation | 11,502.00 |
| Food Program | 4,219.04 |
| Reconciliation Discrepancies | -9,840.26 |
| Total Other Expenses | $5,880.78 |
| NET OTHER INCOME | $20,221.28 |
| NET INCOME | $ -426,115.66 |

Accrual Basis Thursday, January 26, 2023 02:44 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Balance Sheet

As of December 31, 2020

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| Cash on Hand | 300.00 |
| SBA EIDL (deleted) | 4,896.32 |
| Split (deleted) | 4,259.04 |
| US Bank Checking (Closed 12/8/21) (deleted) | 1,570.33 |
| US Bank Checking (Closed 10/29/21) (deleted) | 10,100.00 |
| Total Bank Accounts | $21,125.69 |
| Accounts Receivable |  |
| Accounts Receivable (A/R) | -9.50 |
| Total Accounts Receivable | $ -9.50 |
| Other Current Assets |  |
| Inventory Asset | 0.00 |
| Finished Cakes | 0.00 |
| Total Inventory Asset | 0.00 |
| Undeposited Funds | 0.00 |
| Total Other Current Assets | $0.00 |
| Total Current Assets | $21,116.19 |
| Fixed Assets |  |
| Accum Depreciation-Kitchen Equip | -107,272.00 |
| Accum Depreciation-Leasehold Improvements | -389.00 |
| Accum Depreciation-Phones | -525.00 |
| Kitchen Equipment | 149,934.28 |
| Leasehold Improvements | 11,449.65 |
| Phones | 525.00 |
| Total Fixed Assets | $53,722.93 |
| TOTAL ASSETS | $74,839.12 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accounts Payable |  |
| Accounts Payable (A/P) | 121,204.39 |
| Total Accounts Payable | $121,204.39 |
| Credit Cards |  |
| AB (deleted) | 9,585.84 |
| AP (deleted) | 3,693.31 |
| GP (deleted) | 19,361.24 |
| LT (deleted) | 276.40 |
| US Bank Central (old) (deleted) | -4,700.58 |

Accrual Basis Thursday, January 26, 2023 02:42 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Balance Sheet

As of December 31, 2020

|  | TOTAL |
| --- | --- |
| Total Credit Cards | $28,216.21 |
| Other Current Liabilities |  |
| Payroll Clearing | 0.00 |
| Total Other Current Liabilities | $0.00 |
| Total Current Liabilities | $149,420.60 |
| Long-Term Liabilities |  |
| Note Payable - EIDL | 154,900.00 |
| Royalty Payable | 2,765.05 |
| Shareholder Note Payable - AB | 82,500.00 |
| Shareholder Note Payable - Gary | 7,500.00 |
| Total Long-Term Liabilities | $247,665.05 |
| Total Liabilities | $397,085.65 |
| Equity |  |
| Opening Balance Equity | 0.00 |
| Owner's Investment | 150,001.00 |
| Retained Earnings | -46,131.87 |
| Net Income | -426,115.66 |
| Total Equity | $ -322,246.53 |
| TOTAL LIABILITIES AND EQUITY | $74,839.12 |

Accrual Basis Thursday, January 26, 2023 02:42 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Statement of Cash Flows

January - December 2020

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | -426,115.66 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Accounts Receivable (A/R) | 9.50 |
| Inventory Asset | 0.00 |
| Inventory Asset:Finished Cakes | 0.00 |
| Accum Depreciation-Kitchen Equip | 105,613.00 |
| Accum Depreciation-Leasehold Improvements | 389.00 |
| Accum Depreciation-Phones | 525.00 |
| Accounts Payable (A/P) | 114,074.57 |
| AB (deleted) | 9,585.84 |
| AP (deleted) | 3,693.31 |
| GP (deleted) | 19,361.24 |
| LT (deleted) | 276.40 |
| US Bank Central (old) (deleted) | -4,700.58 |
| Payroll Clearing | 0.00 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | 248,827.28 |
| Net cash provided by operating activities | $ -177,288.38 |
| INVESTING ACTIVITIES |  |
| Kitchen Equipment | -109,180.89 |
| Leasehold Improvements | -11,449.65 |
| Phones | -525.00 |
| Net cash provided by investing activities | $ -121,155.54 |
| FINANCING ACTIVITIES |  |
| Note Payable - EIDL | 154,900.00 |
| Royalty Payable | 2,765.05 |
| Shareholder Note Payable - AB | -500.00 |
| Opening Balance Equity | 0.00 |
| Owner's Investment | 150,001.00 |
| Net cash provided by financing activities | $307,166.05 |
| NET CASH INCREASE FOR PERIOD | $8,722.13 |
| Cash at beginning of period | 12,403.56 |
| CASH AT END OF PERIOD | $21,125.69 |

Thursday, January 26, 2023 02:49 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Income |  |
| Direct Sales | 0.00 |
| Direct to Consumer | 23,326.84 |
| In House E-comm/Retail |  |
| Online | 56,074.97 |
| Online Sales Tax | 14.95 |
| Shipping Income | 4,755.00 |
| Total Online | 60,844.92 |
| Retail | 47,701.91 |
| Gratuity Income | 2,299.24 |
| Retail Sales Tax | 182.30 |
| Weddings | 643.24 |
| Total Retail | 50,826.69 |
| Total In House E-comm/Retail | 111,671.61 |
| Total Direct Sales | 134,998.45 |
| Direct Store Delivery | 1,430.00 |
| Discounts and Allowances | -8,518.22 |
| Discounts/Allowances (deleted) | -27.75 |
| Distributor Sales | 453,255.62 |
| Sales of Product Income | -101,044.42 |
| Slotting Fees | -5,000.00 |
| Total Income | $475,093.68 |
| Cost of Goods Sold |  |
| Cost of Goods Sold | 0.00 |
| Cake COGS | 64,006.85 |
| Cake Packaging | 65,286.23 |
| Finished Cakes COGS | -56,954.16 |
| In House E-Comm/Retail COGS |  |
| Online COGS | 330.99 |
| Retail COGS | 4,437.31 |
| Total In House E-Comm/Retail COGS | 4,768.30 |
| Total Cost of Goods Sold | 77,107.22 |
| Inventory Shrinkage | 4,882.43 |
| Total Cost of Goods Sold | $81,989.65 |
| GROSS PROFIT | $393,104.03 |
| Expenses |  |
| Accounting Fees | 17,700.00 |
| Advertising & Marketing | 16,585.79 |

Accrual Basis Thursday, January 26, 2023 01:52 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Bank Charges & Fees | 1,469.62 |
| Building Services | 777.66 |
| Electricity | 11,495.78 |
| Garbage Pickup | 3,744.87 |
| Gas | 2,948.13 |
| Pest Control | 1,350.00 |
| Security | 745.09 |
| Total Building Services | 21,061.53 |
| Charitable Contributions | 1,150.00 |
| Consulting | 77,440.36 |
| Consulting Fee - JC | 55,000.00 |
| Total Consulting | 132,440.36 |
| Credit Card Merchant Fees | 237.28 |
| Distribution Transportation | 10,144.15 |
| ECommerce Fees/QVC | 14,654.55 |
| Equipment Expense | 1,010.10 |
| Equipment Rental | 21,136.65 |
| Facebook Boosts | 350.00 |
| Freight Charge | 1,772.73 |
| Frozen Storage | 7,930.00 |
| Fuel Charges | 313.74 |
| Fuel Reimbursement | 921.53 |
| Human Resources (HR) | 1,718.75 |
| Insurance | 12,457.43 |
| Interest | 9,137.37 |
| Internet & TV | 3,071.23 |
| Kitchen Supplies | 14,482.65 |
| Smallware | 1,000.00 |
| Total Kitchen Supplies | 15,482.65 |
| Late Fees | 506.14 |
| Legal & Professional Services | 14,226.00 |
| Linens and Refills | 3,846.02 |
| Meals & Entertainment | 1,029.03 |
| Membership Dues | 13.04 |
| Mileage Reimbursement | 3,136.00 |
| Office Expenses | 301.72 |
| Office Supplies & Software | 6,213.91 |
| Other Business Expenses | 129.03 |
| Outside Services | 687.00 |

Accrual Basis Thursday, January 26, 2023 01:52 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Profit and Loss

January - December 2021

|  | TOTAL |
| --- | --- |
| Payroll Expenses |  |
| FICA Expense | 19,624.43 |
| FUTA Expense | 946.30 |
| Payroll Processing Fees | 2,146.25 |
| SUTA Expense | 4,361.71 |
| Total Payroll Expenses | 27,078.69 |
| Photography | 1,582.50 |
| Printing Costs | 2,251.02 |
| Purchases-1 | 80.01 |
| QuickBooks Payments Fees | 243.93 |
| Rent & Lease | 84,806.44 |
| Repairs & Maintenance | 6,550.23 |
| Royalties | 3,638.91 |
| Salaries & Wages | 262,376.12 |
| Sales Commission | 3,332.26 |
| Sales Tax Paid out | 814.32 |
| Service Charge | 62.82 |
| Shipping and Packaging Costs | 32,787.47 |
| Shipping Materials | 11,494.96 |
| Subscriptions | 13,295.77 |
| Supplies & Materials | 8,635.50 |
| Taxes & Licenses | 6,986.74 |
| Toast Expenses | 48.00 |
| Travel | 1,349.69 |
| Website Hosting | 1,227.88 |
| Total Expenses | $789,476.61 |
| NET OPERATING INCOME | $ -396,372.58 |
| Other Income |  |
| Other Grant Income | 5,000.00 |
| Other Miscellaneous Income | 125.01 |
| Quigistics Initial Income Acc | 18.61 |
| SBA Loan | 4,556.10 |
| Total Other Income | $9,699.72 |
| Other Expenses |  |
| Depreciation | 220,901.00 |
| Food Program | 3,346.87 |
| Miscellaneous Expense | 11,700.54 |
| Quigistics Initial Expense Acc | 11,567.26 |
| Total Other Expenses | $247,515.67 |
| NET OTHER INCOME | $ -237,815.95 |
| NET INCOME | $ -634,188.53 |

Accrual Basis Thursday, January 26, 2023 01:52 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Balance Sheet

As of December 31, 2021

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| Cash on Hand | 349.57 |
| US Bank Checking | 5,261.33 |
| Total Bank Accounts | $5,610.90 |
| Accounts Receivable |  |
| Accounts Receivable (A/R) | 48,844.91 |
| Total Accounts Receivable | $48,844.91 |
| Other Current Assets |  |
| Employee Advance | 205.59 |
| Inventory Asset | 11,686.68 |
| Cake Packaging | 30,163.81 |
| Finished Cakes | 40,697.94 |
| RAW Ingredients | 40,191.13 |
| Total Inventory Asset | 122,739.56 |
| Undeposited Funds | 0.00 |
| Total Other Current Assets | $122,945.15 |
| Total Current Assets | $177,400.96 |
| Fixed Assets |  |
| Accum Depreciation-Kitchen Equip | -327,067.00 |
| Accum Depreciation-Leasehold Improvements | -1,495.00 |
| Accum Depreciation-Phones | -525.00 |
| Kitchen Equipment | 358,732.14 |
| Leasehold Improvements | 11,449.65 |
| Phones | 525.00 |
| Total Fixed Assets | $41,619.79 |
| Other Assets |  |
| Security Deposits Receivable | 7,958.00 |
| Total Other Assets | $7,958.00 |
| TOTAL ASSETS | $226,978.75 |

Accrual Basis Thursday, January 26, 2023 02:46 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Balance Sheet

As of December 31, 2021

|  | TOTAL |
| --- | --- |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Accounts Payable |  |
| Accounts Payable (A/P) | 213,640.42 |
| Total Accounts Payable | $213,640.42 |
| Credit Cards |  |
| US Bank Central CC | 22,245.60 |
| Total Credit Cards | $22,245.60 |
| Other Current Liabilities |  |
| Note Payable - First Citizens LOC | 100,000.00 |
| Out Of Scope Agency Payable | 0.00 |
| Payroll Clearing | 0.00 |
| Wisconsin Department of Revenue Payable | 24.06 |
| Total Other Current Liabilities | $100,024.06 |
| Total Current Liabilities | $335,910.08 |
| Long-Term Liabilities |  |
| Note Payable - EIDL | 154,900.00 |
| Note Payable - First Citizens Equipment Note | 173,177.32 |
| PPP Loan | 30,427.00 |
| Royalty Payable | 6,403.96 |
| Shareholder Note Payable - | 192,500.00 |
| Shareholder Note Payable - | 28,000.00 |
| Shareholder Note Payable - Gary | 7,500.00 |
| Shareholder Note Payable - | 10,000.00 |
| Shareholder Note Payable - | 84,000.00 |
| Total Long-Term Liabilities | $686,908.28 |
| Total Liabilities | $1,022,818.36 |
| Equity |  |
| Opening Balance Equity | -4,259.04 |
| Owner's Investment | 310,001.00 |
| Prior Period Adjustment | 0.00 |
| Retained Earnings | -467,393.04 |
| Net Income | -634,188.53 |
| Total Equity | $ -795,839.61 |
| TOTAL LIABILITIES AND EQUITY | $226,978.75 |

Accrual Basis Thursday, January 26, 2023 02:46 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Statement of Cash Flows

January - December 2021

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | -634,188.53 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: |  |
| Accounts Receivable (A/R) | -48,854.41 |
| Employee Advance | -205.59 |
| Inventory Asset | -11,686.68 |
| Inventory Asset:Cake Packaging | -30,163.81 |
| Inventory Asset:Finished Cakes | -40,697.94 |
| Inventory Asset:RAW Ingredients | -40,191.13 |
| Accum Depreciation-Kitchen Equip | 219,795.00 |
| Accum Depreciation-Leasehold Improvements | 1,106.00 |
| Accounts Payable (A/P) | 92,436.03 |
| AB (deleted) | -9,585.84 |
| AP (deleted) | -3,693.31 |
| GP (deleted) | -19,361.24 |
| LT (deleted) | -276.40 |
| US Bank Central | 22,245.60 |
| US Bank Central (old) (deleted) | 4,700.58 |
| Note Payable - First Citizens LOC | 100,000.00 |
| Out Of Scope Agency Payable | 0.00 |
| Payroll Clearing | 0.00 |
| Wisconsin Department of Revenue Payable | 24.06 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | 235,590.92 |
| Net cash provided by operating activities | $ -398,597.61 |
| INVESTING ACTIVITIES |  |
| Kitchen Equipment | -208,797.86 |
| Security Deposits Receivable | -7,958.00 |
| Net cash provided by investing activities | $ -216,755.86 |
| FINANCING ACTIVITIES |  |
| Note Payable - First Citizens Equipment Note | 173,177.32 |
| PPP Loan | 30,427.00 |
| Royalty Payable | 3,638.91 |
| Shareholder Note Payable - | 110,000.00 |
| Shareholder Note Payable - | 28,000.00 |
| Shareholder Note Payable - | 10,000.00 |
| Shareholder Note Payable - | 84,000.00 |
| Opening Balance Equity | -4,259.04 |
| Owner's Investment | 160,000.00 |
| Prior Period Adjustment | 0.00 |
| Retained Earnings | 4,854.49 |
| Net cash provided by financing activities | $599,838.68 |
| NET CASH INCREASE FOR PERIOD | $ -15,514.79 |
| Cash at beginning of period | 21,125.69 |

Thursday, January 26, 2023 02:38 PM GMT-06:00

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# Mama Bev's Bakery, LLC

## Statement of Cash Flows

January - December 2021

|  | TOTAL |
| --- | --- |
| CASH AT END OF PERIOD | $5,610.90 |

Thursday, January 26, 2023 02:38 PM GMT-06:00

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I, Gary Plassmeyer, certify that:

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

Signature Gary Plassmeyer

Name: Gary Plassmeyer

Title: CEO

1

**Attachment 4:** `mamabev_rsn.pdf`

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

## INVESTMENT AGREEMENT

facilitated by

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

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# INVESTMENT AGREEMENT

This is an Investment Agreement, by and between **Mama Bev's Bakery** (the 'Company') and the purchaser identified on the Investor Information Sheet ('Purchaser').

## BACKGROUND

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

### 1. Defined Terms

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

### 2. Purchase of Note

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

### 3. No Right to Cancel

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

### 4. Our Right to Reject Investment

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

### 5. Your Promises

You promise that:

#### 5.1. Accuracy of Information

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

#### 5.2. Review of Information

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

#### 5.3. Risks

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

#### 5.4. No Representations

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

#### 5.5. Opportunity to Ask Questions

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

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

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

#### 5.7. No Government Approval

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

#### 5.8. No Transfer

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

#### 5.9. No Advice

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

#### 5.10. Tax Treatment

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

#### 5.11. Acting On Your Own Behalf

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

#### 5.12. Investment Purpose

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

#### 5.13. Anti-Money Laundering Laws

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

#### 5.14. Additional Information

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

#### 5.15. Disclosure

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

#### 5.16. Additional Documents

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

#### 5.17. No Violations

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

#### 5.18. Enforceability

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

#### 5.19. No Inconsistent Statements

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

#### 5.20. Financial Forecasts

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

#### 5.21. Notification

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

#### 5.22. Additional Promises by Individuals

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

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

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

##### 5.22.2. Financial Wherewithal

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

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

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

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

## 6. Confidentiality

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

## 7. Re-Purchase of Note

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

## 8. Governing Law

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

## 9. Arbitration

### 9.1. Right to Arbitrate Claims

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

### 9.2. Place of Arbitration; Rules

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

### 9.3. Appeal of Award

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

### 9.4. Effect of Award

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

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### 9.5. No Class Action Claims

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

### 10. Consent to Electronic Delivery

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

### 11. Notices

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

### 12. Limitations on Damages

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

### 13. Waiver of Jury Rights

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

### 14. Miscellaneous Provisions

#### 14.1. No Transfer

You may not transfer your rights or obligations.

#### 14.2. Right to Legal Fees

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

#### 14.3. Headings

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

#### 14.4. No Other Agreements

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

#### 14.5 Electronic Signature

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

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# COMPANY SIGNATURE PAGE

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

Signature: Gary Plassmeyer
Name: Gary Plassmeyer
Title: CEO
Date: 01/31/2023
Email Address: info@mamabevs.com

8

# INVESTOR INFORMATION SHEET

*If Purchaser is an entity*

Name of Purchaser: ____________________ Name of Affiliated Person: ____________________

Email Address: ____________________ Title: ____________________

Mailing Address: ____________________ State of Organization: ____________________

____________________
____________________

# ADDITIONAL TERMS

Investment Amount: ____________________

Revenue Percentage: ____________________

Principal Amount: ____________________

Purchaser Percentage: ____________________

# INVESTOR SIGNATURE

Signature: ____________________

Date: ____________________

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# EXHIBIT A

## REVENUE SHARING NOTE

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

THIS NOTE REPRESENTS THE OBLIGATION OF **Mama Bev's Bakery** (THE 'COMPANY') AND WAS ISSUED PURSUANT TO (i) AN OFFERING MEMORANDUM FILED WITH THE SEC IN CONJUNCTION WITH THE COMPANY'S FORM C, AND (ii) THE INVESTMENT AGREEMENT, WHICH ARE AVAILABLE FOR REVIEW AT WWW.MAINVEST.COM (THE 'SITE').

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

| Issuer | Mama Bev's Bakery |
| --- | --- |
| Maximum Payment Multiple 2 - Early Investors - All Other Investors | 1.6 x 1.5 x |
| Revenue Percentage 1 | 0.8 - 0.8% |
| Payment Frequency | Quarterly |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar quarter ending not less than 90 days after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Maturity Date | 06/30/2031 |
| Accrual Rate | 3.79% |

$^{1}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 0.8% and a maximum rate of 0.8% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases.

$^{2}$ To reward early participation, the investors who contribute the first $123,000.0 raised in the offering will receive a 1.6x cap. Investors who contribute after $123,000.0 has been raised in the offering will receive a 1.5x cap.

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## 1. Revenue Sharing Agreement

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

## 2 Payment Obligation

### 2.1 First Payment

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

### 2.2. Subsequent Quarterly Payments

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

### 2.3. Prepayment

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

### 2.4. Termination of Payments

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

### 2.5. Payment on Maturity Date

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

### 2.6. Payment on Change of Control

#### 2.6.1. General Rule

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

#### 2.6.2 Change of Control Defined

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

11

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

### 2.7. Total Revenue Defined

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

### 3. Nature of Obligation

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

### 4) Treatment of Interest

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

### 5) No Violation of Usury Laws

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

### 6) Consequences of Default

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

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

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

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

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# EXHIBIT B

## REVENUE SHARING AGREEMENT

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

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

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

#### 2. Pro Rata Payments

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

#### 3. Form of Payments

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

#### 4. Withholding

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

#### 5. Voting Rights

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

#### 6. Restrictions on Holders

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

#### 7. Transfers of Notes

##### 7.1. Conditions on Permitted Transfers

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

14

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

## 7.2. First Right of Refusal

### 7.2.1. In General

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

### 7.2.2. Exception

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

## 8. No Security Interest

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

## 9. Subordination

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

## 10. Amendment

15

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

#### 11. No Pre-Emptive Rights

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

#### 12. Waivers

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

#### 13. Defaults and Remedies

##### 13.1 Events of Default

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

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

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

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

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

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

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

##### 13.2 Force Majeure

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

16

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

### 13.3. Consequences of Default

#### 13.3.1. Notice

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

#### 13.3.2. Appointment of Representative

##### (a) Selection

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

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

##### (b) Authority of Representative

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

17

#### (c) Power of Attorney

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

#### (d) No Separate Claims

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

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

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

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

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

#### (g) Resignation of Representative

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

#### (h) Termination of Representative

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

18

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

#### 13.4. Remedies

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

#### 13.5. Payments Deemed Held in Trust

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

#### 13.6. Forbearance Not a Waiver

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

#### 13.7. Termination of Default

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

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

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

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

#### 13.8 Waiver of Past Defaults

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

### 14. Miscellaneous

#### 14.1. Electronic Delivery

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

#### 14.2. Notice

19

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

#### 14.3. Payments

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

#### 14.4. Governing Law

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

#### 14.5. Titles and Captions

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

#### 14.6. Days

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

20

**Attachment 5:** `mamabev_deck.pdf`

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

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

www.mamabevs.com

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

## St. Louis Style Buttercake

A Third Generation Family Recipe

Gary Plassmeyer Co-Founder and CEO

As seen on:

We were restaurateurs ... We took mom's recipe for butter cake and put it on our menu.

We named the cake after mom since she passed away right before we opened.

*Fast forward two years and we now have the opportunity to share cake with the country!*

We aim to help make the world a better place and if that means we do that through butter cake then so be it!

Gary Paramean, Co-Opman

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

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

2

# Butter Cake anyone...

Bringing to life an almost century's old recipe known as the decadence and indulgence of St. Louis Style Butter Cake.

Seizing An Under-Met Need

- St. Louis Style Butter Cake
  - New EMERGING category
    - Extended shelf life
    - Few competitors
  - Experienced team of CPG vets
  - Phenomenal traction

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

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

# Problem & Solution

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

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

No innovation with big brands.  
Parents with kids have no time to bake.  
Buyers looking for the next big thing.

NOVEL and INNOVATIVE 3-layer dessert.  
Thaw, warm and serve!  
Grocery shelf turns are ROCKING.

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

5

# 3 launch flavors and over 15 to follow it up with...

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

Chocolate Chip
Cookie

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

Raspberry

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

Classic

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

Gluten Free
Classic

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

Blueberry

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

Buttermilk Pancake
'n' Syrup

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

Cookie's 'n' Cream

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

Red Velvet

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

Pecan Pie

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

Crumb Cake

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

Caramel Apple

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

Mint Chocolate
Chip

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

Pumpkin

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

Peanut Butter
Cookie

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

Salted Caramel

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

6

OPTION B

# Branding and Packaging

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

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

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

# A Heathy And Growing Market

**Brands are reinventing comfort foods and inspiring nostalgia.** Belgian Boys French Toast, Chubby Snacks' Peanut Butter & Jelly sandwich, and Goodles Cheddy Mac to name a few .

**TAM**

Frozen Bakery Products,
Global, 2021

**$22.3B of Total
Revenue**

- The US frozen bakery market value is anticipated to cross USD $7.8B (SOM) by 2025, according to a new research study published by Global Market Insights Inc.
- Serviceable Obtainable Market (SAM )of thaw and serve cakes is $2.7B by 2025.
- Indulgent snacking is currently outpacing healthy snacking at a national level.

Source: Markets and Markets.com Published
Date: Apr 2021 | Report Code: FB 1249

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

8

# How Will We Do it?

Getting The Word Out...

- Develop relationships with 2-3 key accounts in 2-3 key markets
- Move into Food Service
- Direct to Consumer push
- Then what?
  - National grocery expansion, Mass, C-Store, Club, and Drug
  - Expanded foodservice
  - National DTC expansion

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

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

9

# Our Brand Strategy

## WHO WE ARE

Christian based group of recovered alcoholics, anxiety and mental health sufferers with and awesome cake!

## WHAT WE DO

We bake the most decadent, indulgent, flaky, buttery, ooey gooey cake on the market.

## HOW WE WILL DO IT

Get out into the community, introduce the cake to everyone, and go DTC to B2B through e-comm and grocery retail.

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

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

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

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

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

10

# Up, Up and Away...
## Sales Growth is expected to be STRONG!

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

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

11

# Current Competition

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

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

12

# Growth And Expansion

Current Customers

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

2023 and beyond

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

- National brand exposure through QVC with an average cake sell price of $13
  - Top 1% of brands to make it to 10+ airings
  - 4 successful airing sell outs - 8000 units per 8-minute airing
- Food service partner with GFS
  - Extended product offering

- Access to over 6000 doors
- Single serve package release
- Break even projected Q1 2024
- 40% gross margin projected Q1 2025
- Distribution partners with AWG, UNFI, Certco, KeHE and Gordon Food Service

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

14

# Leadership Team

We're equipped to take this company from seed to exit.

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

Gary Plassmeyer

- Founder and CEO
- 20-year restaurant vet with high volume corporate chain experience with the Texas Roadhouse.
- Serial entrepreneur on 3rd start up with Mama Bev's, 9th Slice Pizza and Thermonator Holdings.
- Specializes in operations, brand development and visionary build out.

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

Alycia Pogreba

- Director of Operations
- 15-year restaurant vet with high volume start up experience with 9th Slice Pizza
- Specializes in product development, production line management and customer relations.

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

Scott Corsi

- Chief Commercialization Officer
- 25-year FAB industry vet with The Merco Group, SPC Product Consulting and Catapult Commercialization Services
- Specializes in sales, marketing, broker relations, margin analytics, product and brand development.

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

Jim Cain

- Chief Development Officer
- 30-year FAB industry vet with Kraft, Campbells, Del Monte and Maine Flavors.
- Specializes in developing strategic approaches and implementing creative technical solutions for product formulations, process developments, and packaging advances.

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

Carter Welch

- Chief Marketing Officer
- 30-year FAB industry vet with Proctor and Gamble, Brach's Candies, Pillsbury and the Fig Tree Group
- Specializes in marketing, revenue optimization, negotiating, change management, scaling for growth, biz dev, building teams, streamlining business processes, and brand management.

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

Ryan Calton

- Chief Financial Officer
- 20-year finance industry vet with Brewer Co, Hampel Corp and Baker Tilly.
- Specializes in mergers and acquisitions, new product development and go to market, and smart systems to support data-driven decision making.

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

15

# Advisory Board

We're equipped to take this company from seed to exit.

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

Andrew Baer

- Founder
- 15-year beverage wholesaler owner with Anheuser Busch.
- Serial entrepreneur on 4th start-up with Mama Bev's, 9th Slice Pizza, Thermonator Holdings and Advanced Learning Center.
- Specializes in logistics and facility management.

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

Penny Arvanetes

- Advisor and Board Member
- 30 year cross-industry business and marketing professional with Fluor Daniel; BI-LO Center; The Palmetto Bank, SoftwareONE
- Specializes in strategic marketing; brand alignment, communications and public relations.

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

Jamie Valenti Jordan

- Advisor and Board Member
- CEO of Catapult Commercialization Services
- 20-year FAB industry vet with General Mills, Del Monte and Campbells.
- Specializes in developing and executing aligned marketing and operations plans centered around novel food and beverage products.

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

Tino Arvanetes

- Advisor and Board Member
- VP of Wealth Management for PNC Bank
- 35-year finance industry vet with BMO, Johnson Financial, US Bank and PNC.
- Specializes in business banking and investor relations and loan adaptation.

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

Mikhail Palatnik

- Chairman and Advisor
- VP of Product Development for Zywave
- 20-year software industry vet with Accenture, CoreLogic and Zywave.
- Specializes in product management, data & analytics and P&C insurance.

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

Brad Rostowfski

- Advisor
- Founder for Food Finance Institute and FaB Wisconsin
- 35-year FAB industry vet with Kraft, Sargento and Palermos Pizza.
- Specializes in new product development, marketing, engineering management, integrated systems design and cross functional management.

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

16

# Use Of Funds

How we will use the money

- Build our inventory.
- Hire some awesome people.
- Give us some runway to grow.
- Allow us to continue our community work.

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

© 2021 Mama Bev's Bakery LLC. All Rights Reserved.

17

# Major Milestone's

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

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

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

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

Launched Jan 2020

After closing the restaurant and refocusing our efforts, we launched Mama Bev's in 1-year.

Q3 2020

**SIGNED DISTRIBUTION** contract with Greco & Sons, Sysco and GFS on regional and national level.

Q1 2021

Secured our first grocery store chain. Jewel Osco opened up 188 stores.

Q3 2021

Introduced St. Louis Gooey Butter Cake to the nation. Have had over 10+ successful airings!

2022

**Gained** WI state acceptance with Woodman's, Metcalfe's and Certco Distribution.

© 2022 Mama Bev's Bakery LLC. All Rights Reserved.

18

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

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

## Thank You

Let us know if you are interested in
this opportunity; we'd love to send
you some St. Louis Buttercake!

www.mamabevs.com

Gary Plassmeyer

Based in Milwaukee, WI

Co-founder/CEO

(414) 467-8905

gary@mamabevs.com

**Attachment 6:** `mamabev_vidtrans.pdf`

# MAMA BEV'S PROMO

0:03

10 years into our journey, we never imagined butter cake would have been the opportunity

0:08

we needed to make a difference in this world after three generations, here we are ST louis

0:15

butter cake Started in the ST Louis area in the late 1930s.

0:22

The recipe we have here today again is a third generation recipe.

0:27

We start with our classic and turn it into 15 different flavors.

0:32

My first experience with butter cake was growing up in the inner city, in ST louis, I was one

0:40

of nine in our family and the cake was served after dinner And on any special occasion it

0:49

brought the family together and the cake is what started it all being in the entrepreneurial

0:55

world for 10 years, we started selling the butter cake on our restaurant menus.

1:02

The cake started selling more than any other restaurant item.

1:08

That's when we decided to close the restaurants and focus solely on cake.

1:14

two years later, we are on the verge of national distribution through several different channels

1:21

and verticals.

1:22

The brand as a whole is not centered solely around the cake, faith, family, second chances

1:30

and consistency are what drive the brand cake is just the kicker.

1:37

At the end, we focus on community outreach feeding the homeless and those second chances,

1:46

I myself being a recovered alcoholic has the desire and the need to give back to God's

1:55

people in any way we can and if that includes cake, well then we're gonna make it include

2:04

the cake.

2:05

Two years ago, we were introduced to catapult commercialization services and Jaime valente

2:09

jordans to introduce the uniqueness and the awesomeness of the butter cake to families

2:14

and dinner tables nationwide.

2:16

At the same time, we are in a national accelerator program out of texas to introduce us to The

2:25

next level of funding.

2:27

The ultimate goal of Mama Bev's is to establish a second chance outreach centers within our

2:33

communities leading through our core values to truly make that change in this world.

2:39

The ultimate financial goal for Mama Bev's is to be a $30 million 6000 nationwide locations

2:48

selling five skis each will obtain that goal.

2:52

We've gone through two failed startups and the a building and the determination to not

2:59

give up has brought us to this point as we continue to grow and scale that determination

3:06

and that drive and that focus coupled with the team and the uniqueness of the cake has

3:17

set the stage for Mama Bev's bakery to not only reinvent the stale bakery industry, but

3:24

to take hold as a household name and bring those families back together

### **Mama Bev's (3) 15oz. St. Louis Ooey Gooey Butter Cakes on QVC**

0:00

of a sneak peek Mama Bev's back in the

0:03

house first day presented under 35

0:05

dollars because you're getting three of

0:08

these cakes that's the beauty of it

0:10

we're going to take a trip down to St

0:12

Louis and we're going to visit with the

0:13

family that brings these to us but

0:15

here's what I want to tell you you have

0:18  
the opportunity to go ahead and get all  
0:20  
three in one flavor or you could do one  
0:24  
of each if you want to in the combo so  
0:27  
what are your choices here you're going  
0:29  
to find is your classic vanilla ooey  
0:32  
gooey cake  
0:34  
here is going to be that amazing  
0:37  
raspberry and we'll show you you could  
0:39  
actually see the raspberry on that one  
0:41  
and then the newest is their wonderful  
0:45  
brownie butter gooey cake that's their  
0:48  
newest for the very first time we're  
0:50  
going to give you a choice you can ship  
0:51  
them out now or as as Terry said you can  
0:54  
do them  
0:55  
um you know a second  
0:57  
shipment November 7th or December 5th  
1:01  
and we can do Bill to ship to  
1:03  
so we are talking about  
1:06  
a specialty or a couple of bites goes a  
1:10  
long way with these cakes you'll have  
1:12  
three of them in your choice so you'll

1:14  
tell us what you want already we have an  
1:16  
update  
1:18  
if you want the immediate shipweek last  
1:20  
call all the flavors in that the  
1:24  
December ship week is most popular  
1:25  
because we're thinking ahead to the  
1:27  
holidays because they'll be here before  
1:28  
we know it so and they do come  
1:30  
beautifully packaged like this we're  
1:32  
going to go ahead and Terry come on over  
1:33  
we're gonna jump right into these  
1:35  
they're 11.66 per cake and I don't know  
1:40  
about anybody else but and I'm sure if  
1:42  
you live in St Louis you know about an  
1:43  
ooey gooey butter cake but I didn't know  
1:45  
anything about it Gary placemire is back  
1:48  
he's the founder and owner and it's a  
1:51  
lovely third generation family recipe  
1:53  
that we're gonna find out about so hi  
1:55  
Gary how are you today we're doing great  
1:58  
we can't wait to try the new brownie  
2:01  
version I can't wait to tell you all

2:03  
about the new brownie butter cake it's a  
2:06  
history of an ooey gooey cake so the  
2:08  
history of a gooey butter cake started  
2:10  
in St Louis in the 1930s a German Baker  
2:13  
accidentally screwed up a recipe and you  
2:14  
know what he just started selling it it  
2:16  
just kind of taken off from there and St  
2:19  
Louis everybody's got their own version  
2:20  
of what butter cake is ours obviously we  
2:23  
think it's the best and you're digging  
2:25  
in right now that is that brownie butter  
2:27  
cake that you're showing off right there  
2:29  
that's got that classic top and it's  
2:31  
gonna have a homemade brownie  
2:34  
a homemade brownie on the bottom I mean  
2:36  
if think of it like a lava cake with a  
2:38  
with a butter cake mixed together oh I'm  
2:40  
kind of jumping ahead of myself a little  
2:42  
bit with that brownie one  
2:44  
you know poor Gary we're not listening  
2:46  
to you anymore we're just that's fine  
2:48  
just keep on eating that's what you're

2:49  
supposed to eat brownies  
3:00  
cook just enough  
3:03  
and it's just got all that goo in there  
3:05  
so they start that with that classic  
3:07  
recipe let me jump into the classics  
3:11  
there so the classic is going to be that  
3:13  
original recipe this is a third  
3:15  
generation recipe we are a local Baker  
3:17  
all these cakes are handmade we use real  
3:19  
butter real cream cheese so you get that  
3:21  
flaky golden brown top the ooey gooey  
3:25  
cream cheese middle and then a buttery  
3:27  
chewy bottom and then we take that  
3:30  
classic and we turn it into all these  
3:31  
flavors including the raspberry and  
3:33  
including that brownie butter that you  
3:35  
guys are digging into right now look  
3:38  
the Gary and I know um that your mom and  
3:41  
your grandma were big QVC fans which we  
3:44  
are so appreciative yeah we love having  
3:47  
you here  
3:48  
um yeah absolutely it's so fun because

3:50  
for someone who's never tried a butter  
3:53  
cake and I didn't know what it was  
3:54  
before you came it's such an incredible  
3:57  
good good Rich  
4:00  
decadent dessert it truly is  
4:03  
it's Unique too it's something that  
4:05  
tells a story I think this is such a  
4:07  
great gift I mean to me there's no  
4:09  
better gift than food but especially  
4:11  
when especially if it's somebody far  
4:13  
away that you can't be with and you just  
4:15  
want to send a treat that this is such a  
4:18  
treat and then you can talk about the  
4:20  
story and what is an ooey gooey butter  
4:22  
cake or maybe they know  
4:24  
and you get to gift it to them and send  
4:27  
it right to their door well and the cool  
4:29  
part about these cakes is too once you  
4:30  
get them you're going to have two weeks  
4:32  
at room temperature you will get two  
4:34  
months refrigerated and you can get up  
4:35  
to 12 months bro so if you are

4:38  
entertaining for the holidays go you  
4:39  
know go ahead and pick some of these up  
4:40  
throw them in the refrigerator throw  
4:42  
them in your freezer uh to your point  
4:43  
they're great for birthdays they're  
4:44  
great for anniversaries they're great  
4:46  
for uh breakfast in the morning with  
4:49  
with some coffee especially that  
4:51  
raspberry one right there just a little  
4:52  
piece you know there's a lot of cool  
4:55  
things you can do with it thrown in the  
4:56  
microwave it lightens that up and it  
4:59  
actually tastes like custard and which  
5:01  
is I I mean imagine being any better  
5:03  
than it is  
5:08  
the raspberry and the classic last call  
5:12  
last call in all of the ship dates and  
5:15  
we've never done these three before if  
5:17  
you want the brownie there's 300  
5:20  
remaining mostly in December so remember  
5:23  
now November 7th or in December we have  
5:27  
a ship date as well and we can again do

5:29  
Bill to ship to there's no it's all free  
5:32  
shipping and handling with our food so  
5:34  
you don't have to worry about that at  
5:35  
all and having those later ship dates  
5:37  
you can think about giftings I mean this  
5:39  
is a perfect gift they will absolutely  
5:41  
love it so you can think about you know  
5:43  
early December you send it to someone  
5:45  
it's a little early holiday gift and  
5:48  
they can have it for themselves they can  
5:50  
they can offer it to their guests I love  
5:53  
this right here I mean the little um cut  
5:56  
them up like that's one right there I  
5:58  
think cut up into three for a dessert  
6:00  
tray look how beautifully it presents  
6:02  
and it's unlike anything you've ever had  
6:05  
if you love creamy and sweet and rich in  
6:10  
butter this is for you and I say get  
6:14  
every single ship date because you're  
6:16  
going to want to keep them coming it is  
6:18  
so good my mouth is literally it does  
6:20  
not stop watering right now we need that

6:22  
tea to go with these yes it's coming up  
6:24  
in the show  
6:26  
because you won't even need I mean  
6:28  
tea or coffee with no sugar in it  
6:31  
because you get enough here and it's a  
6:34  
decadent Gourmet experience yeah and  
6:37  
again for that for that breakfast treat  
6:39  
warming up in the microwave a little bit  
6:40  
it's going to bring out a completely  
6:41  
different texture and feel and I love  
6:45  
the idea that you know you're giving us  
6:47  
these adorable boxes you don't get one  
6:50  
you get three of them what did I say  
6:52  
about eleven dollars  
6:54  
um a wonderful ooey gooey cake so you  
6:56  
can have the original you can have the  
6:58  
raspberry and those two are almost sold  
7:01  
out in all three ship days and then that  
7:03  
brownie take a chance on the newest one  
7:05  
the brownie ooey gooey butter cake  
7:08  
um nothing like it yeah nothing yeah  
7:11  
last time so I'm surprised there's still

7:14

some of that around so you better jump

7:15

on in there and get them

7:16

well said Gary we'll see you soon thank

7:19

you so very much

7:20

oh that was so delightful that's

7:23

delighted experience okay at home dining

7:28

this is the seafood division of rastelli

7:31

it's called Egg Harbor so as good

**Attachment 7:** `mamabev_page.pdf`

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Invest in Mama Bevs Bakery LLC | Bakery in Hales Corners, WI

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Mama Bevs Bakery LLC

Bakery

5620 South 108th Street

Hales Corners, WI 53130

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Discussion

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Early Investor Bonus: The investment multiple is increased to 1.6x for the next $123,000 invested.

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THE PITCH

Mama Bevs Bakery LLC is seeking investment to expand production and distribution.

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2019

Founded

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A LITTLE SOMETHING ABOUT US...

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THE TEAM

Gary Plassmeyer

Founder and CEO

20-year restaurant vet with high volume corporate chain experience with the Texas Roadhouse.

Serial entrepreneur on 3rd start up with Mama Bev's, 9 th Slice Pizza and Thermonator Holdings.

Specializes in operations, brand development and visionary build out.

Andrew Baer

Founder

15-year beverage wholesaler owner with Anheuser Busch.

Serial entrepreneur on 4th start-up with Mama Bev's, 9th Slice Pizza, Thermonator Holdings and Advanced Learning Center.

Specializes in logistics and facility management.

Alycia Pogrebo

Director of Operations

15-year restaurant vet with high volume start up experience with 9th Slice Pizz.

Specializes in product development, production line management and customer relations.

Scott Corsi

VP of Sales

25-year FAB industry vet with The Merco Group, SPC Product Consulting and Catapult Commercialization Services.

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Specializes in sales, marketing, broker relations, margin analytics, product and brand development.

Jim Cain
Formulations Officer

30-year FAB industry vet with Kraft, Campbells, Del Monte and Maine Flavors.

Specializes in developing strategic approaches and implementing creative technical solutions for product formulations, process developments, and packaging advances.

Carter Welch
CMO

30-year FAB industry vet with Proctor and Gamble, Brach's Candies, Pillsbury and the Fig Tree Group.

Specializes in marketing, revenue optimization, negotiating, change management, scaling for growth, biz dev, building teams, streamlining business processes, and brand management.

Ryan Calton
CFO

20-year finance industry vet with Brewer Co, Hampel Corp and Baker Tilly.

Specializes in mergers and acquisitions, new product development and go to market, and smart systems to support data-driven decision making.

Penny Arvanetes
Advisor and Equity Member

30 year cross-industry business and marketing professional with Fluor Daniel; BI-LO Center; The Palmetto Bank, SoftwareONE

Specializes in strategic marketing; brand alignment, communications and public relations.

Tino Avanetes
Advisor and Equity Member

VP of Wealth Management for PNC Bank

35-year finance industry vet with BMO, Johnson Financial, US Bank and PNC.

Specializes in business banking and investor relations and loan adaptation.

Jamie Valenti-Jordan
Advisor and Equity Member

CEO of Catapult Commercialization Services

20-year FAB industry vet with General Mills, Del Monte and Campbells.

Specializes in developing and executing aligned marketing and operations plans centered around novel food and beverage products.

Mikhail Palatnik
Chairman and Equity Member

VP of Product Development for Zywave

20-year software industry vet with Accenture, CoreLogic and Zywave.

Specializes in product management, data & analytics and P&C insurance.

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2019
Incorporated

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Invest in Mama Bevs Bakery LLC | Bakery in Hales Corners, WI

We incorporated in 2019 while still a restaurant. We wanted to give ourselves as much time as possible to understand the bakery market.

2020

Opened

FIRST official day was March 13, 2020... the same day the sate of WI shut down for Covid19.

2022

Capital Raise

With all of the love for our cakes and the crazy traction we have seen it was time to spread our wings and really grow!

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OUR STORY

From alcoholism and a restaurant to sobriety and butter cake. What an incredible journey Mama Bev's is on! We had a 3rd generation butter cake recipe on our restaurant menu when we noticed people were showing up just for the cake. BOOM! A lightbulb went off and away we went...

Opened our restaurant in 2017.

Added our third generation butter cake recipe to the menu.

We named the cake after mom who passed away right before we opened the restaurant.

Next thing we knew we were getting approached by local grocery stores and competing restaurants asking if they could buy and sell them.

We spent the entire year of 2019 researching how to shift from a restaurant to a bakery.

One thing we have learned over time is surround yourselves with people who have done what you would like to do which is how we wound up with such a dynamic team!

Next QVC came knocking and we are currently in the top 5% of brands and products that make it to 10+ airings.

Now we are ready to launch on a national scale with amazing partners ready to bring on the cakes and help us introduce the indulgent decadence to all!

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OUR MISSION

Mama Bev's is a Christian based organization with the MAIN goal of immersing ourselves with local community organizations to help with addiction and mental health issues any way we can! If that means we do it with cake then so be it!

Our team is made up of recovered alcoholics and mental health sufferers who know the true trials of life.

Our first official day of operations was right when Covid hit in March 2020.

Instead of sitting back we started feeding nurses in hospitals.

That lead to the nurses helping us build 1000+ hot meals at a time and taking them to those in need.

We partner with God Touch Milwaukee and One Touch Ministries who helps people recover from addiction.

We partner with Ebenezer Stone Ministries to get food for hot meals to prepare.

Faith, family community and amazing cake are the core values we live by... and in that order!

Our Ethos: Having faith in our journey while surrounding ourselves with family, immersing ourselves in the community and delivering exceptional baked to to people everywhere!

All while making a unique and game changing cake that is pleasing people nationwide.

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TEAM EXPERIENCE

Our team is the best group of individuals around! We have over 100 years of CPG experience and we ALL have some skin in the game.

100+ years of experience in the food and beverage industry.

Have committed $1M in cash contributions to build the foundation!

Companies work for includes: Kraft, Del Monte, Campbells, CoraLogic, Baker Tilley, Procter & Gamble, General Mills, Anheuser-Busch and Texas Roadhouse

The skillsets cover a wide range for business growth: Marketing, Sales, Operations, Commercialization, Formulation, Finance and C-suite experience.

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# THE COMPETITION

VERY FEW competitors as butter cake is an emerging "thing"!

We are the first to bring this high end indulgent treat to the masses.

Prairie City Bakery has a more low end offering.

THIS is why we are so excited for our opportunity... We get to create the category!

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# INTENDED USE OF FUNDS

The need to tell our story and to educate on WHAT butter cake is...

99% of people have never heard of butter cake...

Due to this there needs to be an extensive marketing push on WHAT it is and why people need it in their lives!

We will need to bring on a couple teammates to help us spread the word.

Lastly we need some working capital to allow us the time to engrain our story and cake in the market.

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# BUSINESS MODEL

DTC (direct to consumer) and B2B (business to business) is where we will live!

QVC, Woot and our own e-commerce page will generate the bulk of our DTC push.

Legendary customer return analytics tell us that we have something special.

B2B push will be generated around restaurants and grocery stores.

We are starting in a select few key markets with a few key accounts.

This allows us to understand what a advertising spending will need to be before we expand out further.

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# QVC AIRING

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Butter cake for all!!

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Order Online

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Data Room

Intended Use of Funds

Target Raise

Maximum Raise

Introducing Butter Cake to all!! $50,000

Adding Awesome People!! $30,000

Baking Cakes!! $20,000

Community Work!! $14,697

Mainvest Compensation $8,303

Total $123,000

Financial Forecasts

Year 1 Year 2 Year 3 Year 4 Year 5

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Invest in Mama Bevs Bakery LLC | Bakery in Hales Corners, WI

Gross Sales $850,000 $1,500,000 $2,600,000 $3,400,000 $4,148,000
Cost of Goods Sold $300,000 $450,000 $750,000 $900,000 $1,100,000
Gross Profit $550,000 $1,050,000 $1,850,000 $2,500,000 $3,048,000

EXPENSES

Rent $80,000 $80,000 $125,000 $125,000 $125,000
Advertising and Marketing $65,000 $50,000 $50,000 $75,000 $75,000
Salaries & Benefits $225,000 $275,000 $300,000 $350,000 $400,000
Insurance $10,000 $15,000 $20,000 $25,000 $30,000
Equipment Lease $50,000 $5,000 $5,000 $5,000 $5,000
Repairs & Maintenance $10,000 $10,000 $15,000 $20,000 $20,000
Legal & Professional Fees $25,000 $10,000 $10,000 $10,000 $10,000
Shipping and Packaging $40,000 $75,000 $104,000 $85,000 $85,000
Distributor Fees $66,000 $144,000 $276,000 $372,000 $400,000
Distribution Transportation $12,500 $37,500 $65,000 $85,000 $100,000
Ecommerce/QVC $40,000 $50,000 $47,500 $35,000 $35,000
Trade Spend/Brand Awareness $55,000 $120,000 $230,000 $310,000 $310,000
Office supplies and software $35,000 $65,000 $77,000 $93,000 $100,000
Guaranteed Payments $60,000 $75,000 $75,000 $75,000 $75,000
Frozen Storage $7,500 $10,000 $15,000 $20,000 $25,000
Consulting $30,000 $30,000 $30,000 $30,000 $30,000
Building Services $25,000 $30,000 $40,000 $50,000 $60,000
Broker Fees $22,000 $48,000 $92,000 $124,000 $140,000
CFO/Tax Fees $40,000 $55,000 $65,000 $65,000 $75,000
Operating Profit $-348,000 $-134,500 $208,500 $546,000 $948,000

This information is provided by Mama Bevs Bakery LLC. Mainvest never predicts or projects performance, and has not reviewed or audited this financial forecast. Please see below for additional risk disclosures.

Documents

Investor Agreement
2020 Balance Sheet
2020 Income Statement
2021 Balance Sheet
2021 Income Statement
2023-2026 Proforma.xlsx
Investment Round Status
Target Raise $123,000
Maximum Raise $124,000
Amount Invested $0
Investors 0
Investment Round Ends April 3rd, 2023
Summary of Terms
Legal Business Name Mama Bev's Bakery
Investment Structure Revenue Sharing Note
Early Investor Bonus
Investment multiple for the first $123,000 invested
1.6x
Investment Multiple 1.5x
Business's Revenue Share 0.8%
Minimum Investment Amount $100
Repayment Schedule Quarterly
Securitization None
Maturity Date June 30th, 2031
Financial Condition
Historical milestones

Mama Bevs Bakery LLC has been operating since March 2020 and has since achieved the following milestones:

Opened location in Hales Corners WI

Achieved revenue of $500k in 2022

Had Cost of Goods Sold (COGS) of $200k, which represented gross profit margin of 25% in 2022.

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Historical financial performance is not necessarily predictive of future performance.

Forecasted milestones

Mama Bevs Bakery LLC forecasts the following milestones:

Hire for the following positions by June 1 2023: Sales and Community Outreach

Achieve $850k revenue per year by 2023.

Achieve $1.5M profit per year by 2024.

No other outstanding debt or equity

The capital raised through Mainvest will make up the entirety of the Mama Bevs Bakery LLC's fundraising. However, Mama Bevs Bakery LLC may require additional funds from alternate sources at a later date.

Financial liquidity

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

Risk Factors

You Might Lose Your Money

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

Limited Services

Mama Bevs Bakery LLC operates with a very limited scope, offering only particular services to potential clients, making them vulnerable to changes in customer preferences.

Lack of Accounting Controls

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

Reliance on Management

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

Financial Forecasts Risks

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

Inability to Sell Your Investment

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

The Company Might Need More Capital

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Invest in Mama Bevs Bakery LLC | Bakery in Hales Corners, WI

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

Changes in Economic Conditions Could Hurt Mama Bevs Bakery LLC

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

No Registration Under Securities Laws

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

Incomplete Offering Information

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

Lack of Ongoing Information

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

Uninsured Losses

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

Changes in Laws

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

Conflict of Interest With Companies and Their Management

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

Future Investors Might Have Superior Rights

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

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

Any company whose securities are listed on a national stock exchange (for example, the New York Stock Exchange) is subject to a number of rules about corporate governance that are intended to protect investors. For example, the major U.S. stock exchanges require listed companies to have an audit committee made up entirely of independent members of the board of directors (i.e., directors with no material outside relationships with Mama Bevs Bakery LLC or management), which is responsible for monitoring Mama Bevs Bakery LLC's compliance with the law. Mama Bevs Bakery

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LLC will not be required to implement these and other investor protections.

You Have a Limited Upside

Notes include a maximum amount you can receive. You cannot receive more than that even if Mama Bevs Bakery LLC is significantly more successful than your initial expectations.

You Do Have a Downside

Conversely, if Mama Bevs Bakery LLC fails to generate enough revenue, you could lose some or all of your money.

Payments and Return Are Unpredictable

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

The Notes Are Unsecured and Uninsured

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

Subordination

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

Lack of Guaranty

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

Limitation of Individual Rights in Event of Default

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

COVID-19 Impact

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

This information is provided by Mama Bevs Bakery LLC. Mainvest never predicts or projects performance, and has not reviewed or audited this information. For additional information, review the official Form C filing with the Securities and Exchange Commission on the EDGAR website. This is a preview. It will become public when you start accepting investment.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Mama Bev's Bakery, LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** WI

**Date of Organization:** 02-08-2019

**Physical Address:** 5620 S 108TH ST, HALES CORNERS, WI, 53130

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

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

**Intermediary Name:** MainVest, Inc.

**Intermediary CIK:** 0001746059

**Intermediary File Number:** 007-00162

### Offering Information

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

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

**Type of Security Offered:** Debt

**Price per Security:** $1.00

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

**Target Offering Amount:** $123,000.00

**Oversubscription Accepted:** Yes

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

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

**Deadline to Reach Target Amount:** 04-03-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 2.00

**Total Assets (Most Recent Fiscal Year):** $350,956.00

**Total Assets (Prior Fiscal Year):** $82,448.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $5,607.00

**Cash & Cash Equivalents (Prior Fiscal Year):** $28,725.00

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

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

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

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

**Long-Term Debt (Most Recent Fiscal Year):** $582,000.00

**Long-Term Debt (Prior Fiscal Year):** $100,100.00

**Revenues/Sales (Most Recent Fiscal Year):** $426,062.00

**Revenues/Sales (Prior Fiscal Year):** $173,956.00

**Cost of Goods Sold (Most Recent Fiscal Year):** $70,349.00

**Cost of Goods Sold (Prior Fiscal Year):** $64,678.00

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

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

**Net Income (Most Recent Fiscal Year):** $-418,770.00

**Net Income (Prior Fiscal Year):** $-312,964.00

**Jurisdictions Offered:**

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

### Signatures

**Issuer:** Mama Bev's Bakery, LLC

**Signature:** Gary Plassmeyer

**Title:** Owner and Founder

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**Signature:** Gary Plassmeyer

**Title:** Owner and Founder

**Date:** 02-01-2023