# EDGAR Filing Document

**Accession Number:** 0001877907
**File Stem:** 0001669191-23-000284
**Filing Date:** 2023-3
**Character Count:** 100215
**Document Hash:** 391d0cf9305ec66c40e8b7a865287fab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001669191-23-000284.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001669191-23-000284

**CONFORMED SUBMISSION TYPE**: C/A

**PUBLIC DOCUMENT COUNT**: 9

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LiquidVineyards LLC
- **CENTRAL INDEX KEY:** 0001877907
- **IRS NUMBER:** 861928899
- **STATE OF INCORPORATION:** MT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** C/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-28683
- **FILM NUMBER:** 23770168

**BUSINESS ADDRESS:**
- **STREET 1:** 619 VICTOR DRIVE
- **CITY:** SANTA ROSA
- **STATE:** CA
- **ZIP:** 95401
- **BUSINESS PHONE:** 799437955

**MAIL ADDRESS:**
- **STREET 1:** 619 VICTOR DRIVE
- **CITY:** SANTA ROSA
- **STATE:** CA
- **ZIP:** 95401

## Ex-99

html![](offeringpage.jpg)

### Attached PDF Documents

**Attachment 1:** `offeringstatement.pdf`

# Offering Statement for LiquidVineyards LLC## (“LiquidVineyards,” “we,” “our,” or the “Company”)

This document is generated by a website that is operated by Netcapital Systems LLC (“Netcapital”), which is not a registered broker-dealer. Netcapital does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included in this document are the responsibility of, the applicable issuer of such securities. Netcapital has not taken any steps to verify the adequacy, accuracy or completeness of any information. Neither Netcapital nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information in this document or the use of information in this document.

All Regulation CF offerings are conducted through Netcapital Funding Portal Inc. (“Portal”), an affiliate of Netcapital, and a FINRA/SEC registered funding-portal. For inquiries related to Regulation CF securities activity, contact Netcapital Funding Portal Inc.:

**Paul Riss:**

paul@netcapital.com

Netcapital and Portal do not make investment recommendations and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Equity crowdfunding investments in private placements, Regulation A, D and CF offerings, and start-up investments in particular are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

## The Company

**1. What is the name of the issuer?**

LiquidVineyards LLC

619 Victor Drive

Santa Rosa, CA 95401

## Eligibility

**2. The following are true for LiquidVineyards LLC:**

- Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
- Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
- Not an investment company registered or required to be registered under the Investment Company Act of 1940.
- Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding. (For more information about these disqualifications, see Question 30 of this Question and Answer format).
- Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
- Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.

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

No.

## Directors, Officers and Promoters of the Company

**4. The following individuals (or entities) represent the company as a director, officer or promoter of the offering:**

*Name*

Bruce Riezenman

*Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates*

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 07/01/2021 | Present | LiquidVineyards LLC | Managing Partner |
| 09/01/2004 | Present | Independent Consultant | Teacher/Motivational Speaker- Food & Wine |
| 04/01/1990 | Present | Park Avenue Catering, LLC | Owner |
| 03/01/2009 | 09/01/2020 | Pair It! | Author/Partner |
| 04/01/2012 | 02/01/2019 | Park 121 Cafe & Grill | Executive Chef and Owner |

Chef and wine expert Bruce Riezenman is one of the California wine country's most sought-after chefs, and a foremost speaker on the subject of food and wine pairing. Bruce's experience in entrepreneurship and as a chef are marked by his passions for sustainability, culinary arts, quality craftsmanship and technology, being also the creator of the highly acclaimed food and wine pairing app Pair It!. Work Experience: (https://www.linkedin.com/in/bruce-riezenman-7641663/)

Name

Luigi Boschin

Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 01/01/2001 | Present | Olitel SA | CEO |
| 03/15/2019 | Present | LiquidVineyards LLC | President and CEO |

Luigi has 40 years experience in telecom and communication systems in Europe and Canada, managing large national infrastructure for the biggest world communication players. He is a 5G expert and developer, and patent holder of several transmission and communication devices including the LiquidVineyards microchip unique coding/tracking system. Luigi is a relator and airplane pilot with worldwide business experience, and a passion for innovation and agricultural business. Work History: (https://www.linkedin.com/in/luigi-boschin-37b4207/)

Name

Andrea Mandel Mantello

Principal occupation and employment responsibilities during at least the last three (3) years with start and ending dates

| Start Date | End Date | Company | Position / Title |
| --- | --- | --- | --- |
| 01/01/1997 | Present | ADVADVICORP PLC, | Chief Executive Officer |
| 01/01/2011 | Present | AdviHair Srl | President |
| 01/01/2005 | 01/01/2018 | ATE N.V. | Advisor |
| 01/01/2021 | Present | Elys Game Technology Inc. | Advisor |
| 11/01/2021 | Present | LiquidVineyards LLC | Board Director |

Andrea is an experienced independent financial adviser and entrepreneur. Andrea advises entrepreneurs and senior managers on the best strategies to unlock and increase the value of their businesses. To this end, he manages complex transactions relating to acquisitions, divestitures, capital raising, corporate turnarounds and restructuring and act in both buy and sell-side advisory roles. Specialties: cross border mergers and acquisitions, complex financings and restructurings, negotiations with finance providers, private equity.

# Principal Security Holders

5. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer’s outstanding voting equity securities, calculated on the basis of voting power. To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control - as, for example, a co-trustee) they should be included as being “beneficially owned.” You should include an explanation of these circumstances in a footnote to the “Number of and Class of Securities Now Held.” To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

### WineCapital LLC

| Securities: | 2,000,000 |
| --- | --- |
| Class: | Membership Units |
| Voting Power: | 100.0% |

## Business and Anticipated Business Plan

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

The price of a bottle reflects the number of layers in-between you and the grape. Buying the digital rights to wine allows our customers to buy the vineyard experience of making their own wine. We tag vines and bottles with our own worldwide trackable 5G cork that creates a unique smart contract stored on Blockchain technology. Therefore, customers can purchase digital rights either to a cellar, and enjoy their wine years to come, or can invest and resell it as NFT’s sometime later at a higher price in a crypto secondary marketplace. In both cases, customers are looking to gain money on their purchase, either through their savings between the shelf market price and purchase price, or reselling the digital rights, leveraging on future demand of that specific vine, region, or vineyard. The company’s strategic plan for 2021 and beyond is focused on entering the wine and investment products market while capitalizing on the public interest in vine ownership, traditional investments trading, and non-fungible token (“NFT”) interest. With the additional funding through a crowdfunding raise and other investors, the company intends to build its required infrastructure and secure additional wineries and technology partners. The company also intends to hire a sales team to build global sales and set up additional channels to reach a wide range of customers internationally according to its business plan and growth strategy.

LiquidVineyards currently has 5 employees.

## Risk Factors

*A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.*

*In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved*

by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

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

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

7. Material factors that make an investment in LiquidVineyards LLC speculative or risky:

1. We face risks related to health epidemics and other outbreaks, which could significantly disrupt the Company's operations and could have a material adverse impact on us. The outbreak of pandemics and epidemics could materially and adversely affect the Company's business, financial condition, and results of operations. If a pandemic occurs in areas in which we have material operations or sales, the Company's business activities originating from affected areas, including sales, materials, and supply chain related activities, could be adversely affected. Disruptive activities could include the temporary closure of facilities used in the Company's supply chain processes, restrictions on the export or shipment of products necessary to run the Company's business, business closures in impacted areas, and restrictions on the Company's employees' or consultants' ability to travel and to meet with customers, vendors or other business relationships. The extent to which a pandemic or other health outbreak impacts the Company's results will depend on future developments, which are highly uncertain and cannot be predicted, including new information which may emerge concerning the severity of a virus and the actions to contain it or treat its impact, among others. Pandemics can also result in social, economic, and labor instability which may adversely impact the Company's business. If the Company's employees or employees of any of the Company's vendors, suppliers or customers become ill or are quarantined and in either or both events are therefore unable to work, the Company's operations could be subject to disruption. The extent to which a pandemic affects the Company's results will depend on future developments that are highly uncertain and cannot be predicted.
2. Any valuation at this stage is difficult to assess. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.
3. We are highly dependent on the services of our founder. Our future business and results of operations depend in significant part upon the continued contributions of our CEO and founder. If we lose those services or if they fail to perform in their current position, or if we are not able to attract and retain skilled employees in addition to our CEO and the current team, this could adversely affect the development of our business plan and harm our business. In addition, the loss of any other member of the board of directors or executive officers could harm the Company's business, financial condition, cash flow and results of operations.
4. Start-up investing is risky. Investing in early-stage companies is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company.
5. Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a liquidation event occurs.
6. The Company does not anticipate paying any cash dividends for the foreseeable future. The Company currently intends to retain future earnings, if any, for the foreseeable future, to repay indebtedness and

to support its business. The Company does not intend in the foreseeable future to pay any dividends to holders of its shares of common stock.

7. Our management may not be able to control costs in an effective or timely manner. The Company's management anticipates it can use reasonable efforts to assess, predict and control costs and expenses. However, implementing our business plan may require more employees, capital equipment, supplies or other expenditure items than management has predicted. Likewise, the cost of compensating employees and consultants or other operating costs may be higher than management's estimates, which could lead to sustained losses.
8. Our future growth depends on our ability to develop and retain customers. Our future growth depends to a large extent on our ability to effectively anticipate and adapt to customer requirements and offer services that meet customer demands. If we are unable to attract customers and/or retain customers, our business, results of operations and financial condition may be materially adversely affected.
9. Third parties might infringe upon our technology. We cannot assure you that the steps we have taken to protect our property rights will prevent misappropriation of our technology. To protect our rights to our intellectual property, we plan to rely on a combination of trade secrets, confidentiality agreements and other contractual arrangements with our employees, affiliates, strategic partners and others. We may be unable to detect inappropriate use of our technology. Failure to adequately protect our intellectual property could materially harm our brand, devalue our proprietary content and affect our ability to compete effectively. Further, defending any technology rights could result in significant financial expenses and managerial resources.
10. You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only be obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events - through continuing disclosure that you can use to evaluate the status of your investment.
11. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

You should not rely on the fact that our Form C, and if applicable Form D is accessible through the U.S. Securities and Exchange Commission's EDGAR filing system as an approval, endorsement or guarantee of compliance as it relates to this Offering.

12. Neither the Offering nor the Securities have been registered under federal or state securities laws, leading to an absence of certain regulation applicable to the Company.

The securities being offered have not been registered under the Securities Act of 1933 (the "Securities Act"), in reliance on exemptive provisions of the Securities Act. Similar reliance has been placed on apparently available exemptions from securities registration or qualification requirements under applicable state securities laws. No assurance can be given that any offering currently qualifies or will continue to qualify under one or more of such exemptive provisions due to, among other things, the adequacy of disclosure and the manner of distribution, the existence of similar offerings in the past or in the future, or a change of any securities law or regulation that has retroactive effect. If, and to the extent that, claims or suits for rescission are brought and successfully concluded for failure to register any offering or other offerings or for acts or omissions constituting offenses under the Securities Act, the Securities Exchange Act of 1934, or applicable state securities laws, the Company could be materially adversely affected, jeopardizing the Company's ability to operate successfully. Furthermore, the human and capital resources of the Company could be adversely affected by the need to defend actions under these laws, even if the Company is ultimately successful in its defense.

13. *The Company has the right to extend the Offering Deadline, conduct multiple closings, or end the Offering early.*

The Company may extend the Offering Deadline beyond what is currently stated herein. This means that your investment may continue to be held in escrow while the Company attempts to raise the Minimum Amount even after the Offering Deadline stated herein is reached. While you have the right to cancel your investment up to 48 hours before an Offering Deadline, if you choose to not cancel your investment, your investment will not be accruing interest during this time and will simply be held until such time as the new Offering Deadline is reached without the Company receiving the Minimum Amount, at which time it will be returned to you without interest or deduction, or the Company receives the Minimum Amount, at which time it will be released to the Company to be used as set forth herein. Upon or shortly after release of such funds to the Company, the Securities will be issued and distributed to you. If the Company reaches the target offering amount prior to the Offering Deadline, they may conduct the first of multiple closings of the Offering prior to the Offering Deadline, provided that the Company gives notice to the investors of the closing at least five business days prior to the closing (absent a material change that would require an extension of the Offering and reconfirmation of the investment commitment). Thereafter, the Company may conduct additional closings until the Offering Deadline. The Company may also end the Offering early; if the Offering reaches its target offering amount after 21-calendar days but before the deadline, the Company can end the Offering with 5 business days' notice. This means your failure to participate in the Offering in a timely manner, may prevent you from being able to participate - it also means the Company may limit the amount of capital it can raise during the Offering by ending it early.

14. *The Company's management may have broad discretion in how the Company uses the net proceeds of the Offering.*

Despite that the Company has agreed to a specific use of the proceeds from the Offering, the Company's management will have considerable discretion over the allocation of proceeds from the Offering. You may not have the opportunity, as part of your investment decision, to assess whether the proceeds are being used appropriately.

15. *The Securities issued by the Company will not be freely tradable until one year from the initial purchase date. Although the Securities may be tradable under federal securities law, state securities regulations may apply, and each Investor should consult with his or her attorney.*

You should be aware of the long-term nature of this investment. There is not now and likely will not be a public market for the Securities. Because the Securities offered in this Offering have not been registered under the Securities Act or under the securities laws of any state or non-United States jurisdiction, the Securities have transfer restrictions and cannot be resold in the United States except pursuant to Rule 501 of Regulation CF. It is not currently contemplated that registration under the Securities Act or other securities laws will be affected. Limitations on the transfer of the shares of Securities may also adversely affect the price that you might be able to obtain for the shares of Securities in a private sale. Investors should be aware of the long-term nature of their investment in the Company. Investors in this Offering will be required to represent that they are purchasing the Securities for their own account, for investment purposes and not with a view to resale or distribution thereof.

16. *Investors will not be entitled to any inspection or information rights other than those required by Regulation CF.*

Investors will not have the right to inspect the books and records of the Company or to receive financial or other information from the Company, other than as required by Regulation CF. Other security holders of the Company may have such rights. Regulation CF requires only the provision of an annual report on Form C and no additional information - there are numerous methods by which the

Company can terminate annual report obligations, resulting in no information rights, contractual, statutory or otherwise, owed to Investors. This lack of information could put Investors at a disadvantage in general and with respect to other security holders.

17. *The shares of Securities acquired upon the Offering may be significantly diluted as a consequence of subsequent financings.*

Company equity securities will be subject to dilution. Company intends to issue additional equity to future employees and third-party financing sources in amounts that are uncertain at this time, and as a consequence, holders of Securities will be subject to dilution in an unpredictable amount. Such dilution may reduce the purchaser's economic interests in the Company.

18. The amount of additional financing needed by Company will depend upon several contingencies not foreseen at the time of this Offering. Each such round of financing (whether from the Company or other investors) is typically intended to provide the Company with enough capital to reach the next major corporate milestone. If the funds are not sufficient, Company may have to raise additional capital at a price unfavorable to the existing investors. The availability of capital is at least partially a function of capital market conditions that are beyond the control of the Company. There can be no assurance that the Company will be able to predict accurately the future capital requirements necessary for success or that additional funds will be available from any source. Failure to obtain such financing on favorable terms could dilute or otherwise severely impair the value of the investor's Company securities.

19. *There is no present public market for these Securities and we have arbitrarily set the price.*

The offering price was not established in a competitive market. We have arbitrarily set the price of the Securities with reference to the general status of the securities market and other relevant factors. The Offering price for the Securities should not be considered an indication of the actual value of the Securities and is not based on our net worth or prior earnings. We cannot assure you that the Securities could be resold by you at the Offering price or at any other price.

20. In addition to the risks listed above, businesses are often subject to risks not foreseen or fully appreciated by the management. It is not possible to foresee all risks that may affect us. Moreover, the Company cannot predict whether the Company will successfully effectuate the Company's current business plan. Each prospective Investor is encouraged to carefully analyze the risks and merits of an investment in the Securities and should take into consideration when making such analysis, among other, the Risk Factors discussed above.

21. THE SECURITIES OFFERED INVOLVE A HIGH DEGREE OF RISK AND MAY RESULT IN THE LOSS OF YOUR ENTIRE INVESTMENT. ANY PERSON CONSIDERING THE PURCHASE OF THESE SECURITIES SHOULD BE AWARE OF THESE AND OTHER FACTORS SET FORTH IN THIS OFFERING STATEMENT AND SHOULD CONSULT WITH HIS OR HER LEGAL, TAX AND FINANCIAL ADVISORS PRIOR TO MAKING AN INVESTMENT IN THE SECURITIES. THE SECURITIES SHOULD ONLY BE PURCHASED BY PERSONS WHO CAN AFFORD TO LOSE ALL OF THEIR INVESTMENT.

## The Offering

LiquidVineyards LLC ('Company') is offering securities under Regulation CF, through Netcapital Funding Portal Inc. ('Portal'). Portal is a FINRA/SEC registered funding portal and will receive cash compensation

equal to 4.9% of the value of the securities sold through Regulation CF. Investments made under Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest.

The Company plans to raise between $10,000 and $1,070,000 through an offering under Regulation CF. Specifically, if we reach the target offering amount of $10,000, we may conduct the first of multiple or rolling closings of the offering early if we provide notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). Oversubscriptions will be allocated on a first come, first served basis. Changes to the offering, material or otherwise, occurring after a closing, will only impact investments which have yet to be closed.

In the event The Company fails to reach the offering target of $10,000, any investments made under the offering will be cancelled and the investment funds will be returned to the investor.

#### **8. What is the purpose of this offering?**

The company intends to build its required infrastructure and secure additional wineries and technology partners. The company also intends to hire a sales team to build global sales and set up additional channels to reach a wide range of customers internationally according to its business plan and growth strategy.

#### **9. How does the issuer intend to use the proceeds of this offering?**

| Uses | If Target Offering Amount Sold | If Maximum Amount Sold |
| --- | --- | --- |
| Intermediary Fees | $490 | $52,430 |
| Compensation for Managers | $0 | $150,000 |
| Sales & Marketing | $1,000 | $300,000 |
| Technology Investments | $4,000 | $300,000 |
| Legal & Compliance | $3,000 | $150,000 |
| Advisory Fees | $1,000 | $80,000 |
| Travel Expenses | $510 | $37,570 |
| Total Use of Proceeds | $10,000 | $1,070,000 |

#### **10. How will the issuer complete the transaction and deliver securities to the investors?**

In entering into an agreement on the Netcapital Funding Portal to purchase securities, both investors and LiquidVineyards LLC must agree that a transfer agent, which keeps records of our outstanding Membership Units (the 'Securities'), will issue digital Securities in the investor's name (a paper certificate will not be printed). Similar to other online investment accounts, the transfer agent will give investors access to a web site to see the number of Securities that they own in our company. These Securities will be issued to investors after the deadline date for investing has passed, as long as the targeted offering amount has been reached. The transfer agent will record the issuance when we have received the purchase proceeds from the escrow agent who is holding your investment commitment.

#### **11. How can an investor cancel an investment commitment?**

You may cancel an investment commitment for any reason until 48 hours prior to the deadline identified in the offering by logging in to your account with Netcapital, browsing to the Investments screen, and clicking to cancel your investment commitment. Netcapital will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides notice about the new offering deadline at least five

business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment. If an investor does not reconfirm his or her investment commitment after a material change is made to the offering, the investor's investment commitment will be cancelled and the committed funds will be returned.

# **12. Can the Company perform multiple closings or rolling closings for the offering?**

If we reach the target offering amount prior to the offering deadline, we may conduct the first of multiple closings of the offering early, if we provide notice about the new offering deadline at least five business days prior (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). Thereafter, we may conduct additional closings until the offering deadline. We will issue Securities in connection with each closing. Oversubscriptions will be allocated on a first come, first served basis. Changes to the offering, material or otherwise, occurring after a closing, will only impact investments which have yet to be closed.

## Ownership and Capital Structure

### The Offering

# **13. Describe the terms of the securities being offered.**

We are issuing Securities at an offering price of $5 per share.

# **14. Do the securities offered have voting rights?**

The Securities are being issued with voting rights. However, so that the crowdfunding community has the opportunity to act together and cast a vote as a group when a voting matter arises, a record owner will cast your vote for you. Please refer to the record owner agreement that you sign before your purchase is complete.

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

You are giving your voting rights to the record owner, who will vote the Securities on behalf of all investors who purchased Securities on the Netcapital crowdfunding portal.

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

Any provision of the terms of the Securities being offered may be amended, waived or modified by written consent of the majority owner(s) of the Company. We may choose to modify the terms of the Securities before the offering is completed. However, if the terms are modified, and we deem it to be a material change, we need to contact you and you will be given the opportunity to reconfirm your investment. Your reconfirmation must be completed within five business days of receipt of the notice of a material change, and if you do not reconfirm, your investment will be canceled and your money will be returned to you.

### Restrictions on Transfer of the Securities Offered

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

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

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

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

## Description of Issuer’s Securities

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

### Securities

| Class of Security | Amount Authorized | Amount Outstanding | Voting Rights | Other Rights |
| --- | --- | --- | --- | --- |
| Membership Units | 2,500,000 | 2,000,000 | Yes |  |

### Options, Warrants and Other Rights

None.

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

There is no outstanding debt, and there are no warrants, options, or other convertible instruments outstanding.

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

The Company has granted a perpetual waiver of the transfer restrictions listed in the Company’s operating agreement for all Securities sold in this Offering.

20. How could the exercise of rights held by the principal owners identified in Question 5 above affect the purchasers of Securities being offered?

The Company’s Operating Agreement can be amended by the holders of the Member Units. As minority owners, you are subject to the decisions made by the majority owners. The issued and outstanding membership interest units give management voting control of the company. As a minority owner, you may be outvoted on issues that impact your investment, such as the issuance of new units, or the sale of debt, convertible debt or assets of the company.

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

At issuer's discretion.

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

As the holder of a majority of the voting rights in the company, our Members may make decisions with which you disagree, or that negatively affect the value of your investment in the company, and you will have no recourse to change those decisions. Your interests may conflict with the interests of other investors, and there is no guarantee that the company will develop in a way that is advantageous to you. For example, the majority members may decide to issue additional membership interest units to new investors, sell convertible debt instruments with beneficial conversion features, or make decisions that affect the tax treatment of the company in ways that may be unfavorable to you. Based on the risks described above, you may lose all or part of your investment in the securities that you purchase, and you may never see positive returns.

**23. What are the risks to purchasers associated with corporate actions including:**

- additional issuances of securities,
- issuer repurchases of securities,
- a sale of the issuer or of assets of the issuer or
- transactions with related parties?

The issuance of additional shares of our common units will dilute your ownership. As a result, if we achieve profitable operations in the future, our net income per share will be reduced because of dilution, and the market price of our common units, if there is a market price, could decline as a result of the additional issuances of securities. If we repurchase securities, so that the above risk is mitigated, and there are fewer shares of common units outstanding, we may not have enough cash available for marketing expenses, growth, or operating expenses to reach our goals. If we do not have enough cash to operate and grow, we anticipate the market price of our units would decline. A sale of our company or of the assets of our company may result in an entire loss of your investment. We cannot predict the market value of our company or our assets, and the proceeds of a sale may not be cash, but instead, unmarketable securities, or an assumption of liabilities. In addition to the payment of wages and expense reimbursements, we may need to engage in transactions with officers, directors, or affiliates. By acquiring an interest in the Company, you will be deemed to have acknowledged the existence of any such actual or potential related party transactions and waived any claim with respect to any liability arising from a perceived or actual conflict of interest. In some instances, we may deem it necessary to seek a loan from related parties. Such financing may not be available when needed. Even if such financing is available, it may be on terms that are materially averse to your interests with respect to dilution of book value, dividend preferences, liquidation preferences, or other terms. No assurance can be given that such funds will be available or, if available, will be on commercially reasonable terms satisfactory to us. If we are unable to obtain financing on reasonable terms, we could be forced to discontinue our operations. We anticipate that any transactions with related parties will be vetted and approved by executives(s) unaffiliated with the related parties.

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

Not applicable.

**25. What other exempt offerings has LiquidVineyards LLC conducted within the past three years?**

| Date of Offering: | 12/2019 |
| --- | --- |
| Exemption: | Section 4(a)(2) |
| Securities Offered: | Membership Units |
| Amount Sold: | $2,850 |

| Use of Proceeds: | Operating expenses. |
| --- | --- |
| Date of Offering: | 12/2020 |
| Exemption: | Section 4(a)(2) |
| Securities Offered: | Membership Units |
| Amount Sold: | $9,720 |
| Use of Proceeds: | Operating expenses and website development costs. |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12-month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:
1. any director or officer of the issuer;
2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power;
3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer; or
4. any immediate family member of any of the foregoing persons.

No.

## Financial Condition of the Issuer

27. Does the issuer have an operating history?

Yes.

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

LiquidVineyards LLC is a new company that was formed on 03/15/2019. LiquidVineyards LLC is a wholly owned subsidiary of WineCapital LLC. Luigi Boschin our CEO and Pier Francesco Giacopelli have the majority control of WineCapital LLC. During the fiscal year ended on 12/31/2021, the Company started fundraising via a Reg CF offering on Netcapital. During 2021 the Company sold 10,966 membership units via this offering and raised gross proceeds of $54,830. As of August 15th, 2022, this offering is still ongoing. During the same fiscal year, the Company received $18,678 in member contributions which were used to finance the operating activities. Operating expenses for the year ended on December 31, 2021, amounted to $16,486, which resulted in a $16,486 net loss. As of December 31, 2021 and 2020, there were 2,500,000 membership units authorized to be issued and 2,010,966 and 2,000,000 membership units issued and outstanding, respectively. We have incurred losses since inception and have not yet received any revenues from sales of products or services. Most of our operations up to date have been funded by the support of our members. Member contributions for the year ended on December 31, 2019, amounted to $2,850. Member contributions for the year ended on December 31, 2020, amounted to $9,720. Operating expenses for the year ended on December 31, 2019, amounted to $2,850, which resulted in a $2,850 net loss. Operating expenses for the year ended on December 31, 2020, amounted to $3,345, which resulted in a $3,345 net loss. The remainder of the funds contributed in the year ended on December 31, 2020, were invested in website development. With this raise, we plan to allocate a higher percentage to marketing and to technology investments.

# Financial Information

29. Include the financial information specified by regulation, covering the two most recently completed fiscal years or the period(s) since inception if shorter.

See attachments:

CPA Review Report:

reviewletter.pdf

30. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer's outstanding voting equity securities, calculated in the same form as described in Question 6 of this Question and Answer format, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2016:

1. Has any such person been convicted, within 10 years (or five years, in the case of issuers, their predecessors and affiliated issuers) before the filing of this offering statement, of any felony or misdemeanor:
1. in connection with the purchase or sale of any security?
2. involving the making of any false filing with the Commission?
3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?

2. Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 4A(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:
1. in connection with the purchase or sale of any security?;
2. involving the making of any false filing with the Commission?
3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?

3. Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:
1. at the time of the filing of this offering statement bars the person from:
1. association with an entity regulated by such commission, authority, agency or officer?
2. engaging in the business of securities, insurance or banking?
3. engaging in savings association or credit union activities?

2. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement?

4. Is any such person subject to an order of the Commission entered pursuant to Section 15(b) or 15B(c) of the Exchange Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:
1. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal?
2. places limitations on the activities, functions or operations of such person?
3. bars such person from being associated with any entity or from participating in the offering of any penny stock?

If Yes to any of the above, explain:

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

1. any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder?
2. Section 5 of the Securities Act?

6. Is any such person suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade?
7. Has any such person filed (as a registrant or issuer), or was any such person or was any such person named as an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before the filing of this offering statement, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?
8. Is any such person subject to a United States Postal Service false representation order entered within five years before the filing of the information required by Section 4A(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?

LiquidVineyards LLC answers 'NO' to all of the above questions.

## Other Material Information

31. In addition to the information expressly required to be included in this Form, include: any other material information presented to investors; and such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

The following documents are being submitted as part of this offering:

Governance:

| Certificate of Formation: | certificateofformation.pdf |
| --- | --- |
| Operating Agreement: | operatingagreement.pdf |

Opportunity:

| Offering Page JPG: | offeringpage.jpg |
| --- | --- |
| Pitch Deck: | pitchdeck.pdf |

Financials:

| Additional Information: | otherfinancial.pdf |
| --- | --- |

## Ongoing Reporting

**32. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its web site, no later than 120 days after the end of each fiscal year covered by the report:**

Once posted, the annual report may be found on the issuer's web site at: https://www.liquidvineyards.com/

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

- the issuer is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
- the issuer has filed at least one annual report pursuant to Regulation Crowdfunding and has fewer than 300 holders of record and has total assets that do not exceed $10,000,000;
- the issuer has filed at least three annual reports pursuant to Regulation Crowdfunding;
- the issuer or another party repurchases all of the securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities; or
- the issuer liquidates or dissolves its business in accordance with state law.

**Attachment 2:** `reviewletter.pdf`

# LiquidVineyards, LLC

Financial Statements
(unaudited)

December 31, 2021 and 2020

![LOGO](Keiter Your Opportunity Advisors)

4401 Dominion Boulevard
Glen Allen, Virginia 23060
Tel: 804.747.0000
www.keitercpa.com

# **LIQUIDVINEYARDS, LLC**

# Table of Contents

|  | Page |
| --- | --- |
| Independent Accountants' Review Report | 1 |
| Financial Statements: |  |
| Balance Sheets | 2 |
| Statements of Operations | 3 |
| Statements of Changes in Members' Equity | 4 |
| Statements of Cash Flows | 5 |
| Notes to Financial Statements | 6 |

Keiter
Your Opportunity Advisors

# INDEPENDENT ACCOUNTANTS' REVIEW REPORT

To the Members
LiquidVineyards, LLC
Santa Rosa, CA

We have reviewed the accompanying financial statements of LiquidVineyards, LLC (the "Company"), which comprise the balance sheets as of December 31, 2021 and 2020, and the related statements of operations, changes in members' equity, and cash flows for the years then ended and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of Company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion.

# Management's Responsibility for the Financial Statements

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

# Accountant's Responsibility

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

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

# Accountant's Conclusion

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

July 27, 2022
Glen Allen, Virginia

> Certified Public
Accountants & Consultants
4401 Dominion Boulevard
Glen Allen, VA 23060
T:804.747.0000 F:804.747.3632

www.keitercpa.com

# **LIQUIDVINEYARDS, LLC**

Balance Sheets (unaudited)
December 31, 2021 and 2020

| Assets | 2021 | 2020 |
| --- | --- | --- |
| Current assets: |  |  |
| Cash | $53,968 | $ - |
| Website development costs, net | 3,542 | 6,375 |
| Total assets | $57,510 | $6,375 |
| Liabilities and Members' Equity |  |  |
| Total liabilities | $ - | $ - |
| Members' equity | 57,510 | 6,375 |
| Total liabilities and members' equity | $57,510 | $6,375 |

See independent accountants' review report and accompanying notes to financial statements.

2

# **LIQUIDVINEYARDS, LLC**

Statements of Operations (unaudited)
Years Ended December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| Revenue | $ - | $ - |
| Operating expenses | 16,486 | 3,345 |
| Net loss | $(16,486) | $(3,345) |

See independent accountants' review report and accompanying notes to financial statements.

3

# **LIQUIDVINEYARDS, LLC**

# Statements of Changes in Members' Equity (unaudited)  
Years Ended December 31, 2021 and 2020

|  | Members' Equity | Accumulated Deficit | Total |
| --- | --- | --- | --- |
| Balance January 1, 2020 | $2,850 | $(2,850) | $ - |
| Contributions from member | 9,720 | - | 9,720 |
| Net loss | - | (3,345) | (3,345) |
| Balance December 31, 2020 | 12,570 | (6,195) | 6,375 |
| Membership units issued | 54,830 | - | 54,830 |
| Syndication costs | (5,887) | - | (5,887) |
| Contributions from member | 18,678 | - | 18,678 |
| Net loss | - | (16,486) | (16,486) |
| Balance December 31, 2021 | $80,191 | $(22,681) | $57,510 |

See independent accountants' review report and accompanying notes to financial statements.

4

# **LIQUIDVINEYARDS, LLC**

# Statements of Cash Flows (unaudited)  
Years Ended December 31, 2021 and 2020

|  | 2021 | 2020 |
| --- | --- | --- |
| Cash flows from operating activities: |  |  |
| Net loss | $(16,486) | $(3,345) |
| Adjustments to reconcile net loss to net cash from operating activities: |  |  |
| Amortization expense | 2,833 | 2,125 |
| Net cash used in operating activities | (13,653) | (1,220) |
| Cash flows used in investing activities: |  |  |
| Payments for website development costs | - | (8,500) |
| Cash flows from financing activities: |  |  |
| Proceeds from membership units issued | 54,830 | - |
| Payments for syndication costs | (5,887) | - |
| Contributions from member | 18,678 | 9,720 |
| Net cash provided by financing activities | 67,621 | 9,720 |
| Net change in cash | 53,968 | - |
| Cash, beginning of year | - | - |
| Cash, end of year | $53,968 | $ - |

See independent accountants' review report and accompanying notes to financial statements.

5

# LIQUIDVINEYARDS, LLC

### Notes to Financial Statements (unaudited)

#### 1. Summary of Significant Accounting Policies:

**Description of Business:** LiquidVineyards, LLC (the “Company”) was incorporated on March 15, 2019 in the State of Montana. The Company operates as an online platform connecting investors to wineries and vineyards.

**Management’s Plans:** The Company’s strategic plan for 2022 and beyond is focused on entering the wine and investment products market while capitalizing on the public interest in vine ownership, traditional investments trading, and the non-fungible token (“NFT”) interest. With the additional funding through a crowdfunding raise and other investors, the Company intends to build the infrastructure needed and secure additional wineries and technology partners. The Company also intends to hire a sales team to build global sales and set up additional channels to reach a wide range of customers internationally according to its business plan and growth strategy. The Company believes its strategy along with the additional investments mentioned above will enable it to continue for a reasonable period of time.

**Basis of Accounting:** The accompanying financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“GAAP”) as determined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).

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

**Capitalization of Website Development Costs:** The Company accounts for costs incurred associated with the development of their website in accordance with FASB guidance, ASC 350-50, Website Development Costs. Certain costs associated with the development of a website application and infrastructure may be capitalized as incurred. The Company capitalized $8,500 related to website development costs which are being amortized over its expected benefit period of three years. Accumulated amortization and amortization expense were $4,958 and $2,833, respectively, as of and for the year ended December 31, 2021. Accumulated amortization and amortization expense was $2,125 as of and for the year ended December 31, 2020.

**Income Taxes:** The Company is treated as a partnership for federal and state income tax purposes, and its member reports their respective share of the Company’s taxable income or loss on their income tax return. Accordingly, no provision or liability for income taxes has been included in the accompanying financial statements.

6

## LIQUIDVINEYARDS, LLC

### Notes to Financial Statements (unaudited), Continued

#### 1. Summary of Significant Accounting Policies, Continued:

**Income Tax Uncertainties:** The Company follows the FASB guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken in the course of preparing the Company's tax returns to determine whether the tax positions are 'more-likely-than-not' of being sustained 'when challenged' or 'when examined' by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense and liability in the current year. Management evaluated the Company's tax position and concluded that the Company had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The Company is not currently under audit by any tax jurisdiction.

**Subsequent Events:** Management has evaluated subsequent events through July 27, 2022, the date the financial statements were available for issuance and has determined there are no subsequent events to be reported in the accompanying financial statements.

#### 2. Membership Structure:

Pursuant to the Company's operating agreement, the Company is authorized to issue membership units at the discretion of management. As of December 31, 2021 and 2020, there were 2,500,000 membership units authorized to be issued and 2,010,966 and 2,000,000 membership units issued and outstanding, respectively.

7

**Attachment 3:** `certificateofformation.pdf`

MONTANA SECRETARY OF STATE

Return Method: Email

July 13, 2019

LUIGI BOSCHN

1950 S. OCEAN DR.

APT 7L

HALLANDALE BEACH FL 33009

# CERTIFICATION LETTER

I, COREY STAPLETON, Secretary of State for the State of Montana, do hereby certify that

LiquidVineyards LLC

filed its Statement of Dissociation with this office and has fulfilled the applicable requirements set forth in law. By virtue of the authority vested in this office, I hereby issue this certificate evidencing the filing is effective on the date shown below.

Certified File Number: C1112562 - 12823448

Effective Date: July 13, 2019

Thank you for being a valued member of the Montana business community. I wish you continued success in your endeavors.

Corey Stapleton

Corey Stapleton

Montana Secretary of State

Montana State Capitol . PO Box 202801 . Helena, Montana 59620-2801
tel: (406) 444-3665 . fax: (406) 444-3976 . TTY: (406) 444-9068 . sos.mt.gov

[LOGO]

STATE OF MONTANA

12823448

Montana Secretary of State

Filed: July 13, 2019 08:41 AM

BID: C1112562

# Statement of Dissociation

LiquidVineyards LLC (C1112562)

Handling Option

Standard Processing

# Managers/Members

LLC Managed By

Managers

Individual

Name

Luigi Boschin

Status

Active

Business Mailing Address

619 Victor Drive, Santa Rosa, California, 95401,
United States

Individual

Changed

Name

Angelo Aldous Jermann

Status

Dissociated

Previous Value

Active

Business Mailing Address

Via Rava 13, Aldesago, Ticino, 6974,
Switzerland

# Signature

I have been authorized by the business entity to file this document online.

Yes

I, HEREBY SWEAR AND/OR AFFIRM, under penalty of law, including criminal prosecution, that the facts contained in this document are true. I certify that I am signing this document as the person(s) whose signature is required, or as an agent of the person(s) whose signature is

12823448

required, who has authorized me to place his/her signature on this document.

Yes

Name

Luigi Boschn

Position

Member/Manager

Date

07/13/2019

# Daytime Contact

Phone

305-877 9192

Email

luigi@me.com

**Attachment 4:** `operatingagreement.pdf`

# OPERATING AGREEMENT FOR LIQUIDVINEYARDS, LLC

# A MEMBER-MANAGED LIMITED LIABILITY COMPANY

# 1. COMPANY FORMATION

1.1. FORMATION. The Member(s) have formed LiquidVineyards, LLC, a Montana Limited Liability Company (the “Company”). This Operating Agreement is entered into and effective as of the date it is adopted by the Member(s).

1.2. REGISTERED AGENT. The name and location of the Company’s registered agent will be stated in the company’s formation documents.

1.3. TERM. The Company will continue perpetually unless:

(a) Member(s) whose capital interest as defined in Article 2.2 exceeds 50 percent vote for dissolution;
(b) Any event which causes the Company’s business to become unlawful;
(c) The death, resignation, expulsion, bankruptcy, retirement of a Member or the occurrence of any other event that terminates the continued membership of a Member of the Company; or
(d) Any other event causing dissolution of the Company under applicable state laws.

1.4. In the event of an occurrence described in Section 1.3(c), if there are at least two remaining Member(s), those Member(s) have the right to continue the business of the Company. This right can be exercised only by the unanimous vote of the remaining Member(s) within ninety (90) days after the occurrence of an event described in Section 1.3(c). If not exercised, the right of the Member(s) to continue the business of the Company will expire.

1.5. BUSINESS PURPOSE. The Company will conduct any lawful business deemed appropriate in carrying out the company’s objectives.

1.6. PRINCIPAL PLACE OF BUSINESS. The Company’s principal place of business will be stated in the formation documents, or as selected by the Member(s).

1.7. THE MEMBER(S). Upon execution of this Agreement, WineCapital is admitted as the sole Member.

-1-

1.8. OWNERSHIP. The Company shall be owned initially one hundred (100%) by WineCapital, LLC, a Montana Limited Liability Company.

1.9. ADMISSION OF ADDITIONAL MEMBERS. Additional Members may only be admitted to the Company through a Certificate of New Membership issuance by the company of new interest in the Company or as otherwise provided in this Agreement.

2. PROFITS, LOSSES, AND DISTRIBUTIONS

2.1. PROFITS/LOSSES. For financial accounting and tax purposes, the Company's net profits or net losses will be determined on an annual basis. These profits and losses will be allocated to the Member(s) in proportion to each Member's capital interest in the Company as set forth in this agreement below, as amended, and in accordance with federal law.

2.2. DISTRIBUTIONS. The Member(s) will determine and distribute available funds annually or as they see fit. "Available funds" refers to the net cash of the Company available after expenses and liabilities are paid. Upon liquidation of the Company or liquidation of a Member's interest, distributions will be made in accordance with the positive capital account balances or pursuant to federal law. To the extent a Member has a negative capital account balance, there will be a qualified income offset, as provided by federal law.

3. MANAGEMENT

3.1. MANAGEMENT OF THE BUSINESS. The Member(s) are responsible for the management of the Company.

3.2. POWERS OF MEMBER(S). All Member(s) are authorized on the Company's behalf to make decisions as to:

(a) the sale, development, lease, or other disposition of the Company's assets;
(b) the purchase or other acquisition of other assets;
(c) the management of all or any part of the Company's assets;
(d) the borrowing of money and the granting of security interests in the Company's assets;
(e) the pre-payment, refinancing, or extension of any loan affecting the Company's assets;

-2-

(f) the compromise or release of any of the Company's claims or debts; and
(g) the employment of persons, firms, or corporations for the operation and management of the Company's business.

The Member(s) are further authorized to execute and deliver:

(h) all contracts, conveyances, assignments leases, sub-leases, franchise agreements, licensing agreements, management contracts, and maintenance contracts covering or affecting Company assets;
(i) all checks, drafts, and other orders for the payment of the Company's funds; (y) all promissory notes, loans, security agreements, and other similar documents; and
(j) all other instruments of any other kind relating to the Company's affairs.

# 4. ACTIONS BY MEMBER(S); MEETINGS

4.1. ACTIONS BY MEMBER(S); MEETINGS; QUORUM; MAJORITY. The Member(s) may vote, approve a matter or take any action by the vote of Member(s) at a meeting, in person or by proxy, or without a meeting by written consent. For any meeting of Member(s), the presence in person, or by proxy of a Majority in Interest (as defined in this paragraph) at the time of the action taken constitutes a quorum for the transaction of business. "Majority in Interest" means at any time, those Member(s), with respect to which a Withdrawal Event has not occurred holding greater than fifty percent (50%) of the percentage interests of the Company.

4.2. ACTION BY IN-PERSON APPROVAL. An action approved at a meeting by a Majority in Interest shall be the action of the Member(s). Member(s) may participate in annual meetings and special meetings by means of conference telephone or other similar communications equipment by means which all person participating in the meeting can hear each other, and participation in such a fashion shall constitute presence in person at such meeting.

4.3. ACTION BY WRITTEN CONSENT. Any action may be taken by the Member(s) without a meeting if authorized by the written consent of a Majority in Interest. In no instance where action is authorized by written consent need a meeting of Member(s) be called or noticed. However, a copy of the action taken by written consent must be promptly sent to all Member(s) and filed with the records of the Company.

-3-

4.4. PLACE OF MEETINGS OF MEMBER(S). All annual meetings and any special meetings of the Member(s) shall be held at any place designated by the Managers or the Member(s), or, if no such place is designated, then at the principal executive office of the Company, which need not be in Montana.

4.5. ANNUAL MEETING. An annual meeting of the Member(s) may be held at the place and time designated from time to time by the Managers.

4.6. SPECIAL MEETINGS. Special meetings of the Member(s), for any purpose or purposes whatsoever, may be called at any time by the Managers or by the Member(s). Except in special cases where another express provision is made by statute, notice of such special meetings shall be given in the same manner as for annual meetings of Member(s). Notices of any special meetings shall specify, in addition to the place, day, and hour of such meetings, the purpose or purposes for which the meeting is called.

4.7. MEETING NOTICE. Reasonable advance notice of any meeting scheduled under this Agreement must be given to each Member entitled to vote at the meeting.

## 5. LIMITED LIABILITY

5.1. LIMITATION OF LIABILITY. The liability of the Member(s) will be limited according to state law. No Member is an agent of any other Member of the Company, solely by reason of being a Member.

5.2. INDEMNIFICATION. The Company will indemnify any person who was or is a party defendant or is threatened to be made a party defendant, in a pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigative (other than an action by or in the right of the Company) by reason of the fact that the person is or was a Member of the Company, employee, or agent of the Company, or is or was serving at the request of the Company, for instant expenses (including attorney's fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit or proceeding if the Member(s) determine that the person acted in good faith and in a manner he or she reasonably believed to be in or not opposed to the best interest of the Company, and with respect to any criminal action proceeding, has no reasonable cause to believe their conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon

-4-

a plea of "no lo Contendere" or its equivalent, does not in itself create a presumption that the person did or did not act in good faith and in a manner which he or she reasonably believed to be in the best interest of the Company, and, with respect to any criminal action or proceeding, had reasonable cause to believe that their conduct was lawful.

6. RECORDS

6.1. The Member(s) must keep the following at the company's principal place of business or other location:

(a) current list of the full name and the last known street address of each Member;
(b) a copy of the Articles of Organization, this operating agreement, and all amendments to either document;
(c) Copies of Company's federal, state, and local income tax returns and reports for the three (3) most recent years; and
(d) Copies of the Company's financial statements for the three (3) most recent years.

7. COMPENSATION

7.1. MANAGEMENT FEE. Any Member rendering services to the Company is entitled to compensation proportionate with the value of those services.

7.2. REIMBURSEMENT. The Company must reimburse the Member(s) for all direct out-of-pocket expenses incurred by them in managing the Company.

8. BOOKKEEPING

8.1. BOOKS. The Company will maintain a complete and accurate accounting of the Company's affairs at the Company's principal place of business. The Member(s) may select the method of accounting and the company's accounting period will be the calendar year.

8.2. MEMBER'S ACCOUNTS. The Member(s) must maintain separate capital and distribution accounts for each Member. Each Member's capital account will be determined and maintained in the manner provided by federal law and will consist of their initial capital contribution increased by:

(a) Any additional capital contribution made by the Member;

-5-

(b) Credit balances transferred from the Member's distribution account to their capital account;

and decreased by:

(c) Distributions to the Member in reduction of Company capital;
(d) The Member's share of Company losses if charged to his or her capital account.

8.3. REPORTS. The Member(s) will close the books of account after the close of each calendar year and will prepare a statement of such Member's distributive share of income and expense for income tax reporting purposes.

# 9. TRANSFERS

9.1. ASSIGNMENT. If a Member proposes to sell, assign, or otherwise dispose of all or any part of their interest in the Company, that Member must first make a written offer to sell their interest to the other Member(s) at a price determined by mutual agreement. If the other Member(s) decline or fail to elect such interest within thirty (30) days, and if the sale or assignment is made and the Member(s) fail to approve this sale or assignment unanimously then, pursuant to the applicable law, the purchaser or assignee will have no right to participate in the management of the business and affairs of the Company. The purchaser or assignee will only be entitled to receive the share of the profits or other compensation by way of income and the return of contributions to which that Member would otherwise be entitled.

# 10. DISSOLUTION

10.1. DISSOLUTION. The Member(s) may dissolve the company at any time. The Member may NOT dissolve the company for a loss of Membership interests. Upon dissolution, the company must pay its debts first before distributing cash, and/or assets to the Member or their interests. The dissolution may only be ordered by the Member(s), not by the owner of the Member's interests.

-6-

# **CERTIFICATION OF MEMBER**

The undersigned hereby agree, acknowledge, and certify that the foregoing operating agreement is adopted and approved by each Member as of this 25th day of June, 2021.

WINECAPITAL, LLC

By: Luigi Boschin
Dated: June 25, 2021
Percentage Interest: 100%

-7-

**Attachment 5:** `pitchdeck.pdf`

# *LiquidVineyards*

An innovative project in the traditional universe of wine production

# 3 key values

- Spending less on your own quality wine consumption
- Profitable investments based on sustainable financial products
- The distinction of being involved in the creation of your 'own bottles'

**Your very own vineyard and a revolutionary financial product**

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

confidential | LiquidVineyards

# The Problem / Opportunity

1. Many smaller vineyards make great wines but are not known in international markets due to lack of capital and marketing resources
2. People would like to own vineyards but cannot manage the size of the investment and do not have specific management know-how

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

3

confidential | LiquidVineyards

# The ‘win-vin’ solution

1. Investors can buy digital rights in what vineyards produce and get yearly wine/cash returns

   a. Rights will be realized in annual wine deliveries

   b. Rights can be traded for a profit on the LiquidVineyards futures exchange

2. Winegrowers receive capital to expand while keeping control of their farmland

4

confidential | LiquidVineyards

# LV Business Model

- LV selects and contracts hand-picked wine producers
- LV marks bottles up 100% because it eliminates the “middleman” and delivers wine at close to a 50% discount
- Clients buy vineyard production rights from the growers through Liquid Vineyards’ proprietary online blockchain platform
- Clients get their NFT individually labelled RFID bottles of wine
- Clients can split annual future digital rights and sell them directly online to a global audience

5

confidential | Liquid Vineyards

# How it Works

- Digital rights are contractually agreed future rights that lead to a vineyard's annual yield
- Usage rights' yearly payouts are both the wine itself and/or the tradable futures cash equivalent
- Vineyards and bottles are securely monitored with Internet of Things 5G seals and labels
- Yields are self-insured within the overall LV volume of business

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

Intelligent patented RFID 5G vine seals

confidential | LiquidVineyards

6

# Intelligent RFID 5G Labels

Liquid Vineyards' **unique patented** labels can be read at a **distance** of up to 30 feet 'peer to peer' over 5G networks as any nearby cellphone acts as a cell tower

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

When you have the LiquidVineyards APP enabled on your 5G phone within range of the labels they 'call you' from far away and introduce the wine of your choice through text, pictures and videos

Our patented labels are mini-cellphones and work without batteries using the power in the radio waves

7

confidential | ![LiquidVineyards logo]() **LiquidVineyards**

# Internet of things 5G App

**Scan the vines** at a distance over GSM networks and see where the wine is coming from

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

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

8

confidential | ![Aqua Vineyards logo]() Aqua Vineyards

# Competition / Competitive Advantages

- Clients get the complete ownership experience
- Clients get consistent, attractive returns on their investment being backed by nature and NOT by financial algorithms
- First in the market place - no direct competition

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

confidential | Liquid Vineyards

# Marketing and Sales

- Google Ads Pay per Click marketing
- Social media marketing
- Wholesale Banks
- Financial marketing agents
- Wine blog
- Financial blog

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

confidential | LiquidVineyards

# Why such high Returns

1. Direct contracts with the wine producers
2. Wine is a 'natural' crop of the land
3. Strong marketing and social media support
4. Elevation of the small wine producers
5. Vine to bottle costs are relatively low
6. LiquidVineyards caters to a global audience

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

confidential | LiquidVineyards

11

# Current Status and Timeline

- First vineyards committed
- Intelligent recognition RFID app working
- Internet of Things over 5G in place
- Digital exchange in progress
- Fully operational in approximately 120 days after funding

confidential | Liquid Vineyards

**Attachment 6:** `otherfinancial.pdf`

# Record Ownership and Voting Agreement

This Record Ownership and Voting Agreement (this “Agreement”) is entered into as of the date of electronic consent by the parties using the website www.netcapital.com (the “Portal”), by and among NetCapital Funding Portal Inc., a Delaware corporation (“NetCapital”), MG Teixeira Inc, a Connecticut corporation (the “Record Owner”), and the undersigned investor (“Investor”).

The Record Owner has agreed to open and maintain the Account (as defined below) for Investor and to provide other services to Investor in connection with the Account. This Agreement sets out, among other things, the terms under which the Record Owner will provide those services to Investor and the arrangements that will apply in connection with those services.

In consideration of the mutual promises herein made and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, the parties hereto agree as follows:

## 1. Interpretation

### 1.1 Definitions

In this Agreement:

- • “Account” means the account opened by the Record Owner and consisting of the beneficial interests in any Shares that were offered for sale by the Issuer on the Portal and purchased by Investor.
- • “Account Balance” means, in relation to the Account, the number of Shares of each Issuer beneficially owned by Investor, including all of Investor’s rights to and interest in the balance from time to time on that Account.
- • “Business Day” means a weekday that is not a federal holiday.
- • “Escrow Agent” means Boston Private Bank and Trust Company.
- • “Fees” means the fees and charges referred to in clause 5.1 of this Agreement.
- • “Issuer” means each issuer of the Shares.
- • “Shares” means the beneficial interests in the uncertificated shares of common stock or preferred stock or the units of convertible debt, limited liability company membership interests or limited partnership interests that were beneficially purchased by Investor on the Portal.
- • “Termination Date” means the date on which this Agreement is terminated by the Record Owner or by Investor as permitted hereunder.
- • “Transfer Agent” means Equity Stock Transfer LLC, or a successor transfer agent.
- • “Withdrawal Date” means the date referred to in clause 2.2 of this Agreement.

### 1.2. Headings

The headings in this Agreement do not affect its interpretation.

### 1.3. Singular and plural

References to the singular include the plural and vice versa.

## 2. Account

### 2.1. Opening Account

The Record Owner shall open and maintain the Account for the beneficial interests in the Shares beneficially held by Investor.

### 2.2. Deposits and withdrawals

The balance of Investor's Account shall reflect the Shares beneficially held by Investor. A deposit of Shares is made into Investor's Account when the Escrow Agent sends payment funds to the Issuer or a seller of Shares, as the case may be, and the Record Owner receives a record from the Transfer Agent of the number of Shares that Investor beneficially holds. A withdrawal occurs when the Record Owner receives notice from the Transfer Agent that the Shares have been beneficially sold or transferred.

### 2.3. Reports

Reports relating to deposits into and withdrawals from the Account and the Account Balance will be available to Investor daily by means of a section on the Portal to which Investor may log in.

## 3. Services of the Record Owner

### 3.1. General

Investor and the Record Owner understand and agree that the Record Owner will be the legal but not the beneficial owner of the Shares.

### 3.2. Ownership of Securities

The Record Owner will be the sole holder of legal title to the Shares while Investor will hold beneficial ownership of the Shares. The Record Owner will be the sole record holder of the Shares on the books and records of the Issuer. The sole dispositive record of Investor's beneficial ownership of the Shares will be in the books and records of the Transfer Agent. Investor shall be entitled to all proceeds of the sale of Shares, net of fees and commissions.

### 3.3. Voting of Securities

Prior to the Withdrawal Date, at every meeting of the equity or interest holders of the Issuer called with respect to any matter, and at every adjournment or postponement thereof, and on every action or approval by written consent or resolution of the equity or interest holders of the Issuer, Investor agrees that the Record Owner shall vote Investor's Shares, in the event Investor's Shares contain voting rights, in a manner reasonably determined to be in the best interest of Investor.

### 3.4. Insurance

The Record Owner and Investor understand and agree that the Record Owner may maintain insurance in support of the Record Owner's obligations under this Agreement, including covering any loss of the Shares. In the event that the Record Owner elects to reduce, cancel or not to renew such insurance, the Record Owner may give Investor prior written notice as follows: in the case of a reduction, the Record Owner may endeavor to provide such notice at least 30 days prior to the effective date of the reduction; and in the event of a cancellation or expiration of the insurance without renewal, the Record Owner may provide such notice at least 30 days prior to the last day of insurance coverage. Investor acknowledges that any such insurance is held for the Record Owner's benefit and not for the benefit of Investor, and that Investor may not submit any claim under the terms of such insurance.

### 3.5. Notice of Changes

The Record Owner may notify Investor promptly in writing of the following: (i) the Record Owner receives notice of any claim against the Account other than a claim for payment of safe custody or administration permitted by this Agreement; (ii) the Record Owner otherwise fails to comply with any of the provisions of this Agreement; or (iii) any of the Record Owner's representations and warranties in clause 4 shall cease to be true and correct.

## 4. Obligations of the Portal

NetCapital shall notify or cause to be notified each Issuer of Shares of the identity of the Record Owner of the Shares of such Issuer.

## 5. Representations and Warranties

### 4.1. Investor's representations

Investor represents and warrants that:

1. Investor is the beneficial owner of the Shares;
2. Investor has all necessary authority, powers, consents, licenses and authorizations and has taken all necessary action to enable Investor lawfully to enter into and perform Investor's duties and obligations under this Agreement; and
3. This Agreement and the obligations created under it are binding upon Investor and enforceable against Investor in accordance with its terms (subject to applicable principles of equity) and do not and will not violate the terms of the

rules or any order, charge or agreement by which Investor is bound.

## **4.2. The Record Owner's representations and warranties**

The Record Owner represents and warrants to Investor that:

1. this Agreement has been duly authorized, executed and delivered on the Record Owner's behalf and constitutes the Record Owner's legal, valid and binding obligation; and
2. the execution, delivery and performance of this Agreement by the Record Owner does not and will not violate any agreement by which the Record Owner is bound.

## **5. Fees and Expenses**

### **5.1. Fees**

The Record Owner's fees will be paid in accordance with the fee agreement that has been executed by the Portal and the Record Owner. There are no fees payable by the Investor.

## **6. Scope of Responsibility**

### **6.1. Exclusion of liability**

The Record Owner may use reasonable care in the performance of its duties under this Agreement and will only be responsible for any loss or damage suffered by Investor as a direct result of any gross negligence, fraud or willful misconduct on the Record Owner's part in the performance of the Record Owner's duties, and in which case the Record Owner's liability will not exceed the aggregate market value of the Shares at the time of such gross negligence, fraud or willful misconduct.

### **6.2. Force majeure**

Neither the Record Owner nor any of the Record Owner's directors, employees, agents or affiliates shall incur any liability to Investor if, by reason of any provision of any present or future law or regulation of any governmental or regulatory authority or stock exchange, or by reason of any act of God or war or terrorism, pandemic or other circumstances beyond the Record Owner's control, the Record Owner is prevented or forbidden from, or would be subject to any civil or criminal penalty on account of, or are delayed in, doing or performing any act or thing which by the terms of this Agreement it is provided shall be done or performed and accordingly the Record Owner does not do that thing or does that thing at a later time than would otherwise be required.

### **6.3. Exculpation in respect of offering documents**

The Record Owner and its officers, directors, employees, agents and sub-record owners, if any, shall not be responsible or liable in any manner for any recitals, statements, representations or warranties made by any person other than the Record Owner including, but not limited to, statements contained in any material relating to

the offering and sale of Shares.

## 7. Termination

### 7.1. Method

The Record Owner may terminate this Agreement by giving not less than 60 Business Days' prior written notice to Investor and the Portal, provided that the Record Owner may terminate this Agreement immediately on written notice in the event that any of the statements set out in clause 4.1(a)-(c) become untrue. Clauses 6, 7.2 and 9 shall survive termination of this Agreement.

Investor may terminate this Agreement by giving not less than 60 Business Days' prior written notice to the Record Owner and the Portal in the event that the Record Owner is found, in a final determination not subject to appeal, to have committed an act of gross negligence or willful misconduct in respect of its duties as Record Owner hereunder.

### 7.2. Existing rights

Termination shall not affect rights and obligations then outstanding under this Agreement, which shall continue to be governed by this Agreement until all obligations have been fully performed.

### 7.3. Website

Effective upon the Termination Date, Investor's use of the Website will automatically be terminated and Investor will be permitted no further access to the Website until Investor has purchased other Shares.

## 8. Notices and Recordkeeping

### 8.1. Form

A notice or other communication given to Investor under or in connection with this Agreement may be given using the contact information Investor provided to the Portal.

### 8.2. Method of transmission

Any notice or other communication required to be in writing may be delivered by email, receipt confirmed, to the Portal or the Record Owner at the following email addresses:

If to the Record Owner:

MG Teixeira Inc
mannyteixeria@gmail.com

If to the Portal:

Netcapital Funding Portal Inc

## 9. General

### 9.1. No advice

The Record Owner’s duties and obligations under this Agreement do not include providing Investor with investment advice. In asking the Record Owner to open and maintain the Account, Investor does so in reliance upon Investor’s own judgment and the Record Owner shall not owe to Investor any duty to exercise any judgment on Investor’s behalf as to the merits or suitability of any deposits into, or withdrawals from, an Account.

### 9.2. Assignment

This Agreement is for the benefit of and binding upon the parties and their respective heirs, successors and assigns. Investor may not assign, transfer or encumber, or purport to assign, transfer or encumber, Investor’s right, title or interest in relation to any Account or any right or obligation under this Agreement or any part of any of the foregoing unless the Record Owner otherwise agrees in writing.

### 9.3. Amendments

Any amendment to this Agreement must be agreed in writing and be signed by all parties hereto. Unless otherwise agreed, an amendment will not affect any legal rights or obligations that may already have arisen.

### 9.4. Partial invalidity

If any of the clauses (or part of a clause) of this Agreement becomes invalid or unenforceable in any way, the validity of the remaining clauses (or part of a clause) will not in any way be affected or impaired.

### 9.5. Entire agreement

This document represents the entire agreement of the parties, and supersedes any previous agreements and understandings among the parties relating to the subject matter of this Agreement.

### 9.6. Joint and several liability

Investor’s responsibilities under this Agreement are joint and several if applicable.

### 9.7. Counterparts

This Agreement may be executed in any number of counterparts each of which when

executed and delivered is an original, but all the counterparts together constitute the same agreement.

### 9.8. Governing Law and Jurisdiction

This Agreement is governed by and construed in accordance with the laws of the State of Delaware without regard to its conflicts of laws principles. The parties agree that the United States District Court for the Delaware shall have sole and exclusive jurisdiction to determine any issues arising under this Agreement, and all Parties to this Agreement agree to submit to personal jurisdiction in Wilmington, Delaware, for the purpose of resolving any issue arising under or related to this Agreement.

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** LiquidVineyards LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** MT

**Date of Organization:** 03-15-2019

**Physical Address:** 619 Victor Drive, Santa Rosa, CA, 95401

**Issuer Website:** https://www.liquidvineyards.com/

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

**Intermediary Name:** NetCapital Funding Portal Inc.

**Intermediary CIK:** 0001669191

**Intermediary File Number:** 007-00035

**Intermediary CRD Number:** 283596

### Offering Information

**Compensation to Intermediary:** Up to 4.9% of amount raised for a successful offering and a listing fee of up to $10,000

**Financial Interest in Issuer:** None.

**Type of Security Offered:** Other

**Other Description of Security:** Membership Units

**Number of Securities Offered:** 2000

**Price per Security:** $5.00

**Method for Determining Price:** At issuer's discretion.

**Target Offering Amount:** $10,000.00

**Oversubscription Accepted:** Yes

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

**Maximum Offering Amount:** $1,070,000.00

**Deadline to Reach Target Amount:** 04-27-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 5

**Total Assets (Most Recent Fiscal Year):** $57,510.00

**Total Assets (Prior Fiscal Year):** $6,375.00

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $53,968.00

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

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

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

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

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

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

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

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

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

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

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

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

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

**Net Income (Most Recent Fiscal Year):** $-16,486.00

**Net Income (Prior Fiscal Year):** $-3,345.00

**Jurisdictions Offered:**

ALABAMA, ALASKA, ARIZONA, ARKANSAS, CALIFORNIA, COLORADO, CONNECTICUT, DELAWARE, DISTRICT OF COLUMBIA, FLORIDA, GEORGIA, HAWAII, IDAHO, ILLINOIS, INDIANA, IOWA, KANSAS, KENTUCKY, LOUISIANA, MAINE, MARYLAND, MASSACHUSETTS, MICHIGAN, MINNESOTA, MISSISSIPPI, MISSOURI, MONTANA, NEBRASKA, NEVADA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, NORTH CAROLINA, NORTH DAKOTA, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, SOUTH DAKOTA, TENNESSEE, TEXAS, UTAH, VERMONT, VIRGINIA, WASHINGTON, WEST VIRGINIA, WISCONSIN, WYOMING, B5, GU, 1V, PR, VI

### Signatures

**Issuer:** LiquidVineyards LLC

**Signature:** Luigi Boschin

**Title:** Principal Executive Officer

---

**Signature:** Luigi Boschin

**Title:** Principal Executive Officer

**Date:** 03-28-2023

---

**Signature:** Luigi Boschin

**Title:** Principal Financial Officer

**Date:** 03-28-2023

---

**Signature:** Luigi Boschin

**Title:** Principal Accounting Officer

**Date:** 03-28-2023

---

**Signature:** Bruce  Riezenman

**Title:** Board Member

**Date:** 03-28-2023

---

**Signature:** Luigi Boschin

**Title:** Board Member

**Date:** 03-28-2023

---

**Signature:** Andrea Mandel Mantello

**Title:** Board Member

**Date:** 03-28-2023