# EDGAR Filing Document

**Accession Number:** 0001889431
**File Stem:** 0001746059-23-000066
**Filing Date:** 2023-3
**Character Count:** 169739
**Document Hash:** 5e27a43ab46010a6efa51e857159aa24
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001746059-23-000066.hdr.sgml**: 20230314

**ACCESSION NUMBER**: 0001746059-23-000066

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 7

**FILED AS OF DATE**: 20230314

**DATE AS OF CHANGE**: 20230314

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Calyxeum, LLC
- **CENTRAL INDEX KEY:** 0001889431
- **IRS NUMBER:** 851624574
- **STATE OF INCORPORATION:** MI

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31978
- **FILM NUMBER:** 23729434

**BUSINESS ADDRESS:**
- **STREET 1:** 1284 17TH ST
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48216
- **BUSINESS PHONE:** (313) 421-2623

**MAIL ADDRESS:**
- **STREET 1:** 1284 17TH ST
- **CITY:** DETROIT
- **STATE:** MI
- **ZIP:** 48216

### Attached PDF Documents

**Attachment 1:** `calyxeum2_offmo.pdf`

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

## OFFERING MEMORANDUM

facilitated by

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

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# Calyxeum, LLC

## FORM C

### OFFERING MEMORANDUM

#### Purpose of This Form

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

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

#### (A) The Company

| Name of Company | Calyxeum, LLC |
| --- | --- |
| State of Organization | MI |
| Date of Formation | 06/26/2020 |
| Entity Type | Limited Liability Company |
| Street Address | 1284 17th St, Detroit MI, 48216 |
| Website Address | www.calyxeum.com |

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

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| Key Person | Rebecca Colett |
| --- | --- |
| Position with the Company | Title CEO First Year 2019 |
| Other business experience (last three years) | Chief Executive Officer CalyxeumCalyxeumSep 2019 - Present · 2 yrs 7 mosSep 2019 - Present · 2 yrs 7 mosDetroit, Michigan, United StatesDetroit, Michigan, United States • Calyxeum is the first African American Women Owned Cannabis Cultivation and Processing brand in the Midwest. Currently Medically licensed, Adult Use soon. Calyxeum also has a consulting and non profit arm where we consult with other potential applicants as well as build robust community programming for Detroit. www.calyxeum.com // www.calyxeumconsulting.com |

| Key Person | Latoyia Rucker |
| --- | --- |
| Position with the Company | Title COO First Year 2019 |
| Other business experience (last three years) | Chief Operations Officer Calyxeum · Full-timeCalyxeum · Full-timeJan 2020 - Present · 2 yrs 3 mosJan 2020 - Present · 2 yrs 3 mosDetroit Metropolitan Area |

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

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| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Rebecca Colett | 50% |
| Latoyia Rucker | 50% |

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

##### Market Opportunity

Michigan is the second largest market in the U.S. with over 300,000 medical patients. Medical sales are projected to reach 883.9M by 2025. Michigan Sales are projected to be 7.8 Billion (including Adult Use) by market maturity.

- 2 Billion: Marijuana Business Daily estimates Michigan Adult Use sales totaling between $1.8 billion and $2.1 billion annually by 2024.
- 500 Million: Marijuana Moment Michigan Medical sales in 2022.
- 25 Billion: Leafly estimated the US Cannabis industry revenue in 2022.
- 81%: Michigan Cannabis sales increased in 2022.
- 428,059: US Cannabis industry leads the nation in job creation with over 400K full time employees.

Our Heart is in the Plant. Our Hands are in the Community. We are Making HERstory.

##### Our Mission

Calyxem is an MBE/WBE certified business founded in Detroit, MI. We run a boutique Cannabis Cultivation & Processing operation focused on providing underrepresented populations with access to high-quality Cannabis products.

- Our Founders have degrees in Science, Health, Business & Technology, and over 10 years of experience in Michigan's burgeoning Cannabis industry.
- Our intention is to expand our growing and processing operations throughout Michigan, adding a female touch to a female plant.
- We will maintain a competitive advantage in this quickly expanding segment by strengthening our relationships with existing and new customers and leveraging our industry-wide rapport that we have cultivated, much like our strains, since 2009.

##### The Team

Rebecca A Colett, CEO

Rebecca Colett is an experienced entrepreneur, technology professional, cannabis advocate, Native Detroiter and appointed board member at the National Cannabis Industry Association. She has worked alongside the Bureau of Cannabis Control in California and The Michigan Regulatory Agency during the development of their Social Equity Programs. She has served on the state Board of NORML, founded a Social Equity incubator and has been featured in many national media publications. Rebecca has also been featured at countless Cannabis Conferences and has lobbied on Capitol Hill in DC, and the State Capitols for Michigan, Georgia, California and Maryland for Equity in Cannabis as well as Veteran Access to Medical Cannabis. Rebecca holds a B.S in Business from Florida A&M University, a MBA from Booth School of Business at the

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University of Chicago as well as a Masters in Supply Chain from Georgia Tech.

LaToyia R. Rucker, COO

Chief Operating Officer of Calyxeum in Detroit. LaToyia is one of the first females to co-own a Medical Marijuana Licensing Clinic. She is an experienced entrepreneur, educator, master gardener and native Detroiter. In 2014 she was selected by Goldman Sachs 10,000 Small Business and currently is very active as an alumnus. She was also selected by Bloomberg LP 10,000 Small Businesses Coaching Session in 2017. LaToyia is also the founder and owner of Kid Fit Childcare Centers with two metro Detroit Locations. LaToyia holds a B.S. in Biology from the Tuskegee University, a Master Degree in Education from Wayne State University, and a Master's Degree in Early Childhood Education from Capella University.

Cam Carter, Advisory Board Member

Cameron Carter is a senior contracts manager who specializes in space, aerospace, and ground vehicle weapon systems. Before leading in the private sector, Cameron served as an Air Force Officer stationed in Colorado, Italy, and Kyrgyzstan. He earned his Bachelors from the Air Force Academy and MBA from Yale School of Management. Cameron serves on the advisory board of Calyxeum and participates in other minority inclusive ventures.

Khadijah Adams, Advisory Board Member

Cassondra 'Khadijah' Adams is originally from Sugar Land, Texas. She started her first business while raising four sons as a single mother. Khadijah Adams has been a full-time entrepreneur since 1997. She entered the cannabis industry in 2014 by way of the Colorado market. She began investing in cannabis-related companies shortly thereafter and formed MIPR Holdings where she served as the founder and senior managing partner for 3-1/2 years and was responsible for consulting and connecting accredited investors to viable investment opportunities in the space.

Andy Weiss, Advisory Board Member

Mr. Weiss is an industry pioneer, participating since inception of the highly regulated marijuana markets of both Colorado, Nevada, Pennsylvania and Ohio. As a founding partner of iVita Wellness 2010, one of the oldest vertically integrated businesses in the Nationwide industry. Mr. Weiss and his team built a business with a focus on ethics and quality standards. Under his leadership, the company expanded to 3 locations, a state of the art production facility and 40,000 square ft of indoor grow. Mr. Weiss is currently co producing a documentary film regarding social equity and the lack of minority ownership in the cannabis industry.

Kandice Moss, Advisor

Kandice Moss is a graduate of Columbia College Chicago, holding a master's degree in dance Movement Psychotherapy and Professional Counseling. Her own experience of the healing power of dance and movement and her interest in helping individuals find their 'why' led her to further her education in this field.

Kandice brings a wealth of experience to her private practice, Moss Therapy and Wellness, PLLC. Kandice holds an endorsement in Infant and Early Childhood Mental Health along with certification in Child-Parent Psychotherapy (CPP). She's worked as a dance movement therapist for children and adults with special needs and geriatric population with Alzheimer's & Dementia. Her current specialty of services includes anxiety, depression, trauma, and life transitions. Kandice is a member of the American Dance Therapy Association (ADTA) and Michigan Dance/Movement Therapy Collective. Kandice is the Executive Director of The Moss

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Foundation, a 501(c)(3), supporting children and families across the Detroit Metropolitan Area.

Eric Williams, Advisor

Eric C. Williams is managing attorney for the Economic Equity Practice (EEP) of Detroit Justice Center, a nonprofit devoted to grassroots approaches to creating safe, vibrant communities and creating just pathways to economic development in Detroit. Eric previously served as the director of Wayne State University Law School's Business and Community Law Clinic as well as the Director of the Wayne Law Program for Entrepreneurship and Business Law. His prior experience includes private practice in the New York offices of Nixon Peabody, LLP and Winston & Strawn, LLP.

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

#### (E) Number of Employees

The Company currently has 6 employees. The Company may hire or discharge employees in the future to meet its objectives.

#### (F) Risks of Investing

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

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

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

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

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

| Target Offering Amount | $20,000 |
| --- | --- |
| Offering Deadline | May 12, 2023 |

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

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

| Will the Company accept commitments that exceed the Target Offering Amount? | Yes |
| --- | --- |
| What is the maximum you will accept in this Offering? | $61,100 |
| If Yes, how will the Company deal with the oversubscriptions? | We will accept subscriptions on a first-come, first-served basis. |

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

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

| Use | Amount (Minimum) | Amount (Maximum) |
| --- | --- | --- |
| Buildout Costs | $18,650 | $56,976 |
| Mainvest Compensation | $1,350 | $4,124.25 |
| TOTAL | $20,000 | $61,100.25 |

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

#### (J) The Investment Process

##### To Invest

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

##### TO CANCEL YOUR INVESTMENT

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

##### Other Information on the Investment Process

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

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

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

#### (K) Material Changes

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

#### Explanation

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

#### (L) Price of the Securities

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

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## (M) Terms of the Securities

### Overview

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

### Summary of Terms

| Revenue Percentage 1 | 0.1 - 0.3% 2 |
| --- | --- |
| Payment Deadline | 2028-09-30 |
| Maximum Payment Multiple | 1.5 x |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar month ending not more than thirty days after the end of the first calendar year after the Sharing Start Date |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Accrual Rate | 3.65% |

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

$^{2}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 0.1% and a maximum rate of 0.3% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases. For example, a hypothetical offering could result in the following revenue sharing percentages, depending on the amount raised:

| Amount Raised | Revenue Sharing Percentage |
| --- | --- |
| $20,000 | 0.1% |
| $30,275 | 0.1% |
| $40,550 | 0.2% |
| $50,825 | 0.2% |
| $61,100 | 0.3% |

### Your Right to Payments under the Note

Your right to payments under the Note is set forth in the Note, together with a separate document called the Revenue Sharing Agreement. Copies of the Note and Revenue Sharing Agreement are attached to this Form C. Additionally, general terms are outlined below and in the Company’s offering page.

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### Obligation to Contribute Capital

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

### No Right to Transfer

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

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

### Security

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

### Modification of Terms of Notes

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

### Other Classes of Securities

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

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| Name of Security | Revenue Sharing Notes |
| --- | --- |
| Number of Shares Outstanding | $62,900 |
| Describe Voting Rights of These Securities, Including Any Limitations on Voting Rights | N/A |
| How these securities differ from the revenue sharing notes being offered to investors | Notes are a debt obligation of the Company whereas the Units represent an equity interest. Debt obligations are entitled to regular payment and have liquidation preference in the event of dissolution. |

#### Dilution of Rights

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

#### The People Who Control the Company

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

| Name of Holder | % of Voting Power (Prior to Offering) |
| --- | --- |
| Rebecca Colett | 50% |
| Latoyia Rucker | 50% |

#### How the Exercise of Voting Rights Could Affect You

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

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

#### How the Notes are Being Valued

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

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### (N) The Funding Portal

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

### (O) Compensation of the Funding Portal

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

### (P) Indebtedness of the Company

| Creditor | Amount | Interest Rate | Maturity Date | Other Important Terms |
| --- | --- | --- | --- | --- |
| Private Investor | $100,000 | 3.00% | 05/01/2024 | n/a |
| Mainvest Revenue Share Note | $62,900 | % | 09/30/2027 | 0.31% of revenue until a 1.5x payback multiple is achieved. |

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

March 2022 Rule 17CFR 227 (Regulation Crowdfunding) Revenue Sharing Notes $62,900 Please refer to the company’s Form C/U dated July 28th, 2022 for additional disclosures

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

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

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

Historical milestones

Calyxemum was Founded in October 2019 and has since achieved the following milestones:

- State of Michigan Regulatory Licensor 2020.
- Created a Social Equity Incubator; The Detroit Cannabis Project.
- We are currently in 25 retail locations around Michigan.
- Our Retail presence will double to upwards of 50 stores by Q2 2022.
- Hired Experienced Team Members.
- Launched our community benefit programs through our Non Profit arm; Calyxemum Catalyst.

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- Partnered with Large Cannabis Operator in Michigan to scale our manufacturing process.

Historical financial performance is not necessarily predictive of future performance.

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

Please see Appendix B for historical financial statements.

##### Pro Forma Income Statement

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

|  | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 |
| --- | --- | --- | --- | --- | --- |
| Gross Sales | $10,561,658 | $11,617,823 | $12,431,070 | $13,052,623 | $13,444,201 |
| Cost of Goods Sold | $91,529 | $105,000 | $112,000 | $120,000 | $125,000 |
| Gross Profit | $10,470,129 | $11,512,823 | $12,319,070 | $12,932,623 | $13,319,201 |
| EXPENSES |  |  |  |  |  |
| Rent | $2,234,365 | $2,290,224 | $2,347,479 | $2,406,165 | $2,466,319 |
| Utilities | $744,652 | $763,268 | $782,349 | $801,907 | $821,954 |
| Salaries | $1,211,668 | $1,332,834 | $1,426,132 | $1,497,438 | $1,542,361 |
| Insurance | $302,674 | $310,240 | $317,996 | $325,945 | $334,093 |
| Equipment Lease | $60,000 | $61,500 | $63,037 | $64,612 | $66,227 |
| Repairs & Maintenance | $20,000 | $20,500 | $21,012 | $21,537 | $22,075 |
| Legal & Professional Fees | $100,000 | $102,500 | $105,062 | $107,688 | $110,380 |
| Operating Profit | $5,796,770 | $6,631,757 | $7,256,003 | $7,707,331 | $7,955,792 |

#### (U) Disqualification Events

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

##### Explanation

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

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

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

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

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

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

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

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

Because Banks may not be willing to do business with a cannabis entity for the reasons discussed above, any repayments owned under the Revenue Sharing Note will be fully administered by the Company likely not processed by a financial institution. This means it is unlikely that the Company will be able to provide payments via ACH returns, and may need to rely on other sources, such as personal checks and/or third party financial applications. This other sources may subject repayments to additional fees or risks, and will be subject to any applicable terms and conditions

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

Additional Information Included in the Form C

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|  | Most recent fiscal year-end (tax returns) | Prior fiscal year-end (tax returns) |
| --- | --- | --- |
| Total Assets | $95,177.00 | $0 |
| Cash & Cash Equivalents | $20,177.00 | $0 |
| Accounts Receivable | $0 | $0 |
| Short-term Debt | $0 | $0 |
| Long-term Debt | $100,000.00 | $0 |
| Revenues/Sales | $71,466.00 | $0 |
| Cost of Goods Sold | $20,032.00 | $0 |
| Taxes Paid | $0 | $0 |
| Net Income | $28,506.00 | $0 |

Jurisdictions in which the Company intends to offer the securities:

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

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**Attachment 2:** `calyxeum2_appxa.pdf`

# APPENDIX A: INVESTMENT RISKS

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CANNABIS IS ILLEGAL UNDER FEDERAL LAW. THIS MEANS THAT THE BUSINESS IS UNDER THREAT OF CRIMINAL LIABILITY AND ASSET FORFEITURE. INVESTORS MAY ALSO BE SUBJECT TO POTENTIAL CRIMINAL PENALTIES.

Because cannabis is federally illegal, investing in cannabis businesses could be found to violate the federal Controlled Substances Act. Not only can investors and company directors or management be indicted under federal law, all of the assets they contribute to a cannabis business (and even to an ancillary cannabis business), including real property, cash, equipment and other goods, could be subject to asset forfeiture because cannabis is still federally illegal.

There are conflicts in Federal and State regulations related to cannabis.

Federal regulation and enforcement may adversely affect the implementation of adult use/medical Cannabis laws and regulations may negatively impact our revenues and profits. The state laws conflict with the federal Controlled Substances Act, which makes cannabis use and possession illegal on a national level. If the federal government determines that such laws should be enforced strictly, it could cause significant financial damage to the Company and its shareholders.

Again, cannabis remains illegal under federal law. It is a Schedule I controlled substance. Even in those jurisdictions in which the use of medical cannabis has been legalized at the state level, its prescription is a violation of federal law. The United States Supreme Court has ruled in *United States v. Oakland Cannabis Buyers' Coop. and Gonzales v. Raich* that the federal government that has the right to regulate and criminalize cannabis, even for medical purposes. Therefore, Federal law criminalizing the use of cannabis trumps state laws that legalize its use for medicinal purposes. At present, the states are maintaining existing laws and passing new ones in this area. A change in the federal attitude towards enforcement could have a negative effect on the industry, potentially ending it entirely. Laws and regulations affecting the cannabis industry are constantly changing, which could detrimentally affect our proposed operations. Local, state, and federal cannabis laws and regulations are broad in scope and subject to evolving interpretations, which could require us to incur substantial costs associated with compliance or alter our business plan. In addition, violations of these laws, or allegations of such violations, could disrupt our business and result in a material adverse effect on our operations. In addition, it is possible that regulations may be enacted in the future that will be directly applicable to our business. We cannot predict the nature of any future laws, regulations, interpretations, or applications, nor can we determine what effect additional governmental regulations or administrative policies and procedures, when and if promulgated, could have on our business.

#### Banking Difficulties

The cultivation, sale, and use of cannabis are illegal under federal law. Therefore, many banks do not accept for deposit funds from the drug trade and therefore would not be able to do business with the Company. As such, the Company and its wholly owned entities may have trouble finding a bank willing to accept their business. There can be no assurance that banks currently or in the future will decide to do business with cannabis growers or retailers, or that in the absence of legislation state and federal banking regulators will not strictly enforce current prohibitions on banks handling funds generated from an activity that is illegal under federal law. This may make it difficult for the Company to open accounts, use the service of banks and

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otherwise transact business, which in turn may negatively affect the Company.

Despite rules issued by the United States Department of the Treasury mitigating the risk to banks that do business with cannabis companies permitted under state law, as well as guidance from the United States Department of Justice, banks remain wary to accept funds from businesses in the cannabis industry. Since the use of cannabis remains illegal under Federal law, there remains a compelling argument that banks may be in violation of Federal law when accepting for deposit, funds derived from the sale or distribution of cannabis. Consequently, businesses involved in the cannabis industry, including us, continue to have trouble establishing and maintaining banking relationships. An inability to open and maintain bank accounts may make it difficult for us and our customers to do business. In addition, our inability to maintain a bank account has resulted in our holding large sums of cash. Although we store our cash in a secure safe, we are exposed to a greater risk of theft.

#### THERE MAY BE DIFFICULTIES IN ADMINISTERING REPAYMENTS AND REPAYMENT MECHANISMS MAY VARY

Because banks may not be willing to do business with a cannabis entity for the reasons discussed above, any repayments owned under the Revenue Sharing Note will be fully administered by the Company and likely not processed by a financial institution. This means it is unlikely that the Company will be able to provide payments via Automated Clearing House (ACH) transfers, and may need to rely on other sources, such as personal checks and/or third party financial applications. This other sources may subject repayments to additional fees or risks, and will be subject to any applicable terms and conditions. To further clarify, repayments will not be processed by Mainvest or its affiliates. Instead, the Company will be responsible for facilitating all repayments and it is possible the Company may have difficulties in organizing and facilitating these future repayment obligations.

#### YOU MIGHT LOSE YOUR MONEY

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

#### LIMITED SERVICES

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

#### LACK OF ACCOUNTING CONTROLS

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

#### COMPETITION

The market in which we operate is highly competitive and could become increasingly competitive with new entrants in the market. Calyxem competes with many other businesses,

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both large and small, on the basis of quality, price, location, and customer experience. Changes in customer preference away from Calyxeum's core business or the inability to compete successfully against the with other competitors could negatively affect Calyxeum's financial performance.

#### RELIANCE ON MANAGEMENT

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

#### FINANCIAL FORECASTS RISKS

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

#### INABILITY TO SELL YOUR INVESTMENT

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

#### THE COMPANY MIGHT NEED MORE CAPITAL

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

#### CHANGES IN ECONOMIC CONDITIONS COULD HURT CALYXEUM

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

#### NO REGISTRATION UNDER SECURITIES LAWS

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

#### INCOMPLETE OFFERING INFORMATION

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

#### LACK OF ONGOING INFORMATION

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

#### UNINSURED LOSSES

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

#### CHANGES IN LAWS

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

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

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

#### FUTURE INVESTORS MIGHT HAVE SUPERIOR RIGHTS

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

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

Any company whose securities are listed on a national stock exchange (for example, the New

5

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

#### YOU HAVE A LIMITED UPSIDE

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

#### YOU DO HAVE A DOWNSIDE

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

#### PAYMENTS AND RETURN ARE UNPREDICTABLE

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

#### THE NOTES ARE UNSECURED AND UNINSURED

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

#### SUBORDINATION

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

#### LACK OF GUARANTY

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

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

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

#### COVID-19 IMPACT

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

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**Attachment 3:** `calyxeum2_appxb.pdf`

# APPENDIX B:
FINANCIAL STATEMENTS
(Unaudited)

1

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

# Profit and Loss  
January - December 2021

|  | TOTAL |
| --- | --- |
| Income |  |
| Sales of Product Income | 33,474.00 |
| Services | 37,992.37 |
| Total Income | $71,466.37 |
| Cost of Goods Sold |  |
| Cost of Goods Sold | 20,032.47 |
| Total Cost of Goods Sold | $20,032.47 |
| GROSS PROFIT | $51,433.90 |
| Expenses |  |
| Advertising & Marketing | 4,936.68 |
| Bank Charges & Fees | 40.00 |
| Job Supplies | 231.25 |
| Legal & Professional Services | 625.00 |
| Meals & Entertainment | 332.46 |
| Office Supplies & Software | 756.54 |
| Other Business Expenses | 14,113.91 |
| Travel | 1,891.57 |
| Total Expenses | $22,927.41 |
| NET OPERATING INCOME | $28,506.49 |
| NET INCOME | $28,506.49 |

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

As of December 31, 2021

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts | 20,177.92 |
| Total Bank Accounts | $20,177.92 |
| Other Current Assets |  |
| Development Costs | 75,000.00 |
| Total Other Current Assets | $75,000.00 |
| Total Current Assets | $95,177.92 |
| TOTAL ASSETS | $95,177.92 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Long-Term Liabilities |  |
| Note Payable - | 100,000.00 |
| Total Long-Term Liabilities | $100,000.00 |
| Total Liabilities | $100,000.00 |
| Equity |  |
| Owner's Investment | 1,000.00 |
| Owner's Pay & Personal Expenses | -11,916.07 |
| Retained Earnings | -22,412.50 |
| Net Income | 28,506.49 |
| Total Equity | $ -4,822.08 |
| TOTAL LIABILITIES AND EQUITY | $95,177.92 |

# Calyxeum

## Profit and Loss

January - December 2022

|  | TOTAL |
| --- | --- |
| Income |  |
| Sales of Product Income | 12,225.00 |
| Services | -1,400.00 |
| Total Income | $10,825.00 |
| GROSS PROFIT | $10,825.00 |
| Expenses |  |
| Advertising & Marketing | 714.00 |
| Legal & Professional Services | 109.20 |
| Meals & Entertainment | 488.30 |
| Office Supplies & Software | 76.32 |
| Other Business Expenses | 7,352.18 |
| Wages | 7,392.72 |
| Total Expenses | $16,132.72 |
| NET OPERATING INCOME | $ -5,307.72 |
| NET INCOME | $ -5,307.72 |

Accrual Basis Tuesday, March 7, 2023 11:58 PM GMT-05:00

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# Calyxeum

## Balance Sheet

As of December 31, 2022

|  | TOTAL |
| --- | --- |
| ASSETS |  |
| Current Assets |  |
| Bank Accounts |  |
| Chase Bank | 13,022.13 |
| equipment | 2,527.10 |
| Fuel Cost | 339.73 |
| Packaging | 3,013.24 |
| Purchase of Smart Meds | 250,000.00 |
| Total Bank Accounts | $268,902.20 |
| Accounts Receivable |  |
| Accounts Receivable (A/R) | 0.00 |
| Total Accounts Receivable | $0.00 |
| Other Current Assets |  |
| Development Costs - Nottingham Ventures | 75,000.00 |
| Total Other Current Assets | $75,000.00 |
| Total Current Assets | $343,902.20 |
| TOTAL ASSETS | $343,902.20 |
| LIABILITIES AND EQUITY |  |
| Liabilities |  |
| Current Liabilities |  |
| Other Current Liabilities |  |
| L/P Mainvest | 59,032.00 |
| L/P The Foe Group | 110,000.00 |
| Total Other Current Liabilities | $169,032.00 |
| Total Current Liabilities | $169,032.00 |
| Long-Term Liabilities |  |
| Note Payable - MJM Adventures LLC | 100,000.00 |
| Total Long-Term Liabilities | $100,000.00 |
| Total Liabilities | $269,032.00 |
| Equity |  |
| Latoya Contribution | 65,000.00 |
| Owner's Pay & Personal Expenses | 0.00 |
| Rebecca Contribution | 20,000.00 |
| Retained Earnings | -4,822.08 |
| Net Income | -5,307.72 |
| Total Equity | $74,870.20 |
| TOTAL LIABILITIES AND EQUITY | $343,902.20 |

Accrual Basis Tuesday, March 7, 2023 11:53 PM GMT-05:00

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

# Calyxeum

## Statement of Cash Flows

January - December 2022

|  | TOTAL |
| --- | --- |
| OPERATING ACTIVITIES |  |
| Net Income | -5,307.72 |
| Adjustments to reconcile Net Income to Net Cash provided by operations: | 0.00 |
| L/P Mainvest | 59,032.00 |
| L/P The Foe Group | 110,000.00 |
| Total Adjustments to reconcile Net Income to Net Cash provided by operations: | 169,032.00 |
| Net cash provided by operating activities | $163,724.28 |
| FINANCING ACTIVITIES |  |
| Latoya Contribution | 65,000.00 |
| Rebecca Contribution | 20,000.00 |
| Net cash provided by financing activities | $85,000.00 |
| NET CASH INCREASE FOR PERIOD | $248,724.28 |
| Cash at beginning of period | 20,177.92 |
| CASH AT END OF PERIOD | $268,902.20 |

Wednesday, March 8, 2023 12:07 AM GMT-05:00

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I, LaToyia Rucker, certify that:

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

Signature LaToyia Rucker

Name: LaToyia Rucker

Title: COO

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**Attachment 4:** `calyxeum2_rsn.pdf`

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

## INVESTMENT AGREEMENT

facilitated by

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

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# INVESTMENT AGREEMENT

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

## BACKGROUND

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

### 1. Defined Terms

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

### 2. Purchase of Note

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

### 3. No Right to Cancel

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

### 4. Our Right to Reject Investment

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

### 5. Your Promises

You promise that:

#### 5.1. Accuracy of Information

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

#### 5.2. Review of Information

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

#### 5.3. Risks

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

#### 5.4. No Representations

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

#### 5.5. Opportunity to Ask Questions

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

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

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

#### 5.7. No Government Approval

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

#### 5.8. No Transfer

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

#### 5.9. No Advice

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

#### 5.10. Tax Treatment

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

#### 5.11. Acting On Your Own Behalf

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

#### 5.12. Investment Purpose

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

#### 5.13. Anti-Money Laundering Laws

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

#### 5.14. Additional Information

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

#### 5.15. Disclosure

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

#### 5.16. Additional Documents

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

#### 5.17. No Violations

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

#### 5.18. Enforceability

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

#### 5.19. No Inconsistent Statements

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

#### 5.20. Financial Forecasts

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

#### 5.21. Notification

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

#### 5.22. Additional Promises by Individuals

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

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

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

##### 5.22.2. Financial Wherewithal

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

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

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

4

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

## 6. Confidentiality

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

## 7. Re-Purchase of Note

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

## 8. Governing Law

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

## 9. Arbitration

### 9.1. Right to Arbitrate Claims

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

### 9.2. Place of Arbitration; Rules

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

### 9.3. Appeal of Award

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

### 9.4. Effect of Award

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

5

### 9.5. No Class Action Claims

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

### 10. Consent to Electronic Delivery

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

### 11. Notices

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

### 12. Limitations on Damages

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

### 13. Waiver of Jury Rights

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

### 14. Miscellaneous Provisions

#### 14.1. No Transfer

You may not transfer your rights or obligations.

#### 14.2. Right to Legal Fees

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

#### 14.3. Headings

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

#### 14.4. No Other Agreements

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

#### 14.5 Electronic Signature

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

7

# COMPANY SIGNATURE PAGE

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

Signature: LaToyia Rucker
Name: LaToyia Rucker
Title: COO
Date: 03/13/2023
Email Address: lrucker@calyxeum.com

8

# INVESTOR INFORMATION SHEET

*If Purchaser is an entity*

Name of Purchaser: ____________________ Name of Affiliated Person: ____________________

Email Address: ____________________ Title: ____________________

Mailing Address: ____________________ State of Organization: ____________________

____________________
____________________

# ADDITIONAL TERMS

Investment Amount: ____________________

Revenue Percentage: ____________________

Principal Amount: ____________________

Purchaser Percentage: ____________________

# INVESTOR SIGNATURE

Signature: ____________________

Date: ____________________

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# EXHIBIT A

## REVENUE SHARING NOTE

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

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

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

| Issuer | Calyxeum, LLC |
| --- | --- |
| Maximum Payment Multiple | 1.5 x |
| Revenue Percentage 1 | 0.1 - 0.3% |
| Payment Frequency | Annually |
| Sharing Start Date | The first day after disbursement that the company has revenues greater than one ($1) dollar |
| First Payment Date | The last day of the calendar month ending not more than thirty days after the end of the first calendar year after the Sharing Start Date. |
| Seniority | Subordinated |
| Securitization | Unsecured |
| Maturity Date | 09/30/2028 |
| Accrual Rate | 3.65% |

$^{1}$ The rate of revenue sharing is calculated on a linear scale with a minimum rate of 0.1% and a maximum rate of 0.3% and is rounded to the nearest 1/10th percent. The final rate is based on the amount raised and is calculated after the offering has successfully closed. As the amount raised in the offering increases, the rate of revenue sharing increases.

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## 1. Revenue Sharing Agreement

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

## 2 Payment Obligation

### 2.1 First Payment

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

### 2.2. Subsequent Annual Payments

On the date twelve (12) months following the First Payment Date, and on each twelve (12) month anniversary thereafter, the Company shall pay to Purchaser an amount equal to (i) the Purchaser Percentage, multiplied by (ii) the Revenue Percentage, multiplied by (iii) the Total Revenue of the Company for the period of twelve (12) months beginning immediately on the day after the previous calculation.

### 2.3. Prepayment

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

### 2.4. Termination of Payments

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

### 2.5. Payment on Maturity Date

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

### 2.6. Payment on Change of Control

#### 2.6.1. General Rule

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

#### 2.6.2 Change of Control Defined

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

11

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

### 2.7. Total Revenue Defined

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

### 3. Nature of Obligation

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

### 4) Treatment of Interest

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

### 5) No Violation of Usury Laws

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

### 6) Consequences of Default

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

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

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

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

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# EXHIBIT B

## REVENUE SHARING AGREEMENT

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

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

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

### 2. Pro Rata Payments

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

### 3. Form of Payments

All payments of principal and interest on the Notes will be made in U.S. dollars in such method as the Company may determine. The Company may utilize personal checks and/or third party financial applications. These sources may subject repayments to additional fees or risks, and will be subject to any applicable terms and conditions.

### 4. Withholding

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

### 5. Voting Rights

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

### 6. Restrictions on Holders

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

### 7. Transfers of Notes

#### 7.1. Conditions on Permitted Transfers

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

## 7.2. First Right of Refusal

### 7.2.1. In General

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

### 7.2.2. Exception

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

## 8. No Security Interest

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

## 9. Subordination

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

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## 10. Amendment

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

## 11. No Pre-Emptive Rights

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

## 12. Waivers

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

## 13. Defaults and Remedies

### 13.1 Events of Default

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

13.1.1. The Company fails to pay to a Holder any amount due and such failure continues for thirty (30) days following written notice to the Company; or

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

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

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

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

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

### 13.2 Force Majeure

An Event of Default shall not be deemed to have occurred as a result of a breach or failure by the Company is such breach or failure is caused by Acts of God, government restrictions (including the denial or cancellation of any export or other necessary license), wars, insurrections and/or any other cause beyond the reasonable control of the Company; provided

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that the Company shall give Holders written notice explaining the cause and its effect in reasonable detail. Dates by which performance obligations are scheduled to be met will be extended for a period of time equal to the time lost due to any delay so caused.

### 13.3. Consequences of Default

#### 13.3.1. Notice

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

#### 13.3.2. Appointment of Representative

##### (a) Selection

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

1. For a period of up to twenty (20) business days following the Notice of Default, the Holders shall confer among themselves as to the appointment of a Representative.
2. If at any time during such twenty (20) day period, the Holders of a majority of the Notes, measured by the original Principal Amount of each such Note (a “Majority”), agree as to the appointment of a Representative, that person shall be the Representative.

(3) If, at the conclusion of such twenty (20) day period, no Representative has been appointed by a Majority, each Holder shall submit the name of up to three (3) persons such Holder would accept as the Representative.

(4) With each name appearing on any Holder’s list there shall be associated a number equal to the total principal amount outstanding of all Notes held by Holders whose lists included such name.

(5) The person whose name is associated with the largest number shall be appointed as the Representative.

##### (b) Authority of Representative

The Representative shall have the power, on behalf of each Holder, to pursue such remedies as may be available by law and pursuant to this Revenue Sharing Agreement, for the purpose of maximizing the return to the Holders as a group, and to settle the claims of each Holder on such terms as the Representative may determine in its sole and unlimited discretion, subject to the other provisions of this Revenue Sharing Agreement. The Representative may pursue such remedies

17

notwithstanding that the Representative does not have physical possession of the Notes and without naming the Holders as parties.

# **(c) Power of Attorney**

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

# **(d) No Separate Claims**

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

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

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

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

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

# **(g) Resignation of Representative**

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

# **(h) Termination of Representative**

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The services of a Representative may be terminated at any time by the affirmative vote of Holders holding a majority of the Notes, measured by the outstanding principal amount with respect to each such Note, but only if they simultaneously appoint a replacement Representative.

#### 13.4. Remedies

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

#### 13.5. Payments Deemed Held in Trust

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

#### 13.6. Forbearance Not a Waiver

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

#### 13.7. Termination of Default

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

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

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

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

#### 13.8 Waiver of Past Defaults

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

### 14. Miscellaneous

#### 14.1. Electronic Delivery

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

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#### 14.2. Notice

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

#### 14.3. Payments

All payments of principal and interest on the Notes will be made in U.S. dollars in such method as the Company may determine. The Company may utilize personal checks and/or third party financial applications. These sources may subject repayments to additional fees or risks, and will be subject to any applicable terms and conditions.

#### 14.4. Governing Law

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

#### 14.5. Titles and Captions

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

#### 14.6. Days

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

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**Attachment 5:** `calyxeum2_vidtrans.pdf`

# **Calyxeum Founders explain the importance of community funding.**

0:00

hi i'm latoya rucker and i'm the ceo of

0:03

collection and i'm rebecca collette the

0:06

ceo of collection collection is a female

0:10

owned and operated cannabis cultivation

0:12

brand and we're located right here in

0:14

the city of detroit

0:16

yes we have over 10 years of experience

0:19

in the cannabis industry

0:21

and we are asking you our community to

0:25

invest in us

0:26

with as little as a hundred dollars you

0:28

can do that did you know

0:31

that less than two percent of cannabis

0:34

licenses

0:35

in america in this multi-billion dollar

0:38

industry are to people of color in fact

0:41

in michigan diversity is still an issue

0:44

while last year michigan closed at close

0:47

to two billion dollars in sales out of

0:50

those 1200

0:52

licenses

0:53

30 of those were to social equity  
0:57  
entrepreneurs diversity is a major issue  
1:00  
yeah and it's extremely hard to raise  
1:03  
funds the barrier to entry is really  
1:06  
hard and that's why we want to get our  
1:09  
community involved main street to invest  
1:11  
in us through regulation crowdfunding  
1:15  
everyday people have the opportunity to  
1:17  
invest in the legal cannabis industry if  
1:20  
you want to find out more information  
1:22  
about investing in us  
1:24  
investing in collection  
1:26  
click the link in our bio  
1:28  
thank you  
1:30  
we are just getting started join us as  
1:33  
we seek to redefine the myths of the  
1:36  
cannabis consumer changing the  
1:39  
perception of cannabis in the  
1:41  
professional world  
1:42  
we represent women  
1:44  
community diversity  
1:47  
opportunity  
1:48

and empowerment

1:50

collection

# **Our largest Cannabis retail chain!**

0:00

in the cannabis industry it is extremely

0:02

difficult for african americans to

0:05

number one enter

0:07

second succeed third to scale and grow

0:10

collection we doing we're doing

0:12

something ain't never been seen before

0:15

we're doing this so people can see it

0:17

young girls can see it young men in our

0:20

community can see it and they can say

0:23

hey

0:24

i can too be in the cannabis industry

0:26

the barriers are not so high that it's

0:29

impossible because we're doing it and i

0:32

just think that's something that people

0:33

need to realize this don't take this

0:35

lightly like this has never been done

0:38

before

0:41

[Music]

0:48

you

### **Our first brand showcase in Vegas!**

Its Rebecca here from Calyxeum  
Live at the Mandalay Bay in Las Vegas  
Calyxeum has finished our first official Brand Showcase  
We've been in Vegas the past two days  
Debuting our new product lines  
Our product line of pre-rolls  
We have Create, Calm, and Chill  
We also are premiering our vegan dessert gummies  
Blueberry Pie and Peach Cobbler  
And of course you can always count on  
Those craft Calyxeum genetics

### **Calyxeum 2023 Fundraising campaign**

0:01  
hi my name is Latoya Rucker and I am the  
0:04  
CEO of collection happy women's history  
0:07  
month we are here to share some really  
0:10  
exciting news with you we have decided  
0:12  
to launch a new crowdfunding campaign we  
0:16  
have heard your emails we received your  
0:18  
DMs and we're about to do it hi guys my  
0:21  
name is Rebecca the CEO of collection we  
0:24  
are so excited to be doing another  
0:26  
crowdfunding raise like Latoya said  
0:29  
since we last raised money last year we  
0:32  
have expanded our cultivation footprint  
0:34  
we've expanded our edible products and  
0:37  
we've expanded into more stores in the  
0:40

state of Michigan and we are  
0:42  
continuously very engaged in our local  
0:45  
community we're so excited to have some  
0:47  
members of the community come on this  
0:49  
collection Journey with us if you want  
0:52  
more information about investing in a  
0:54  
black women owned and operated  
0:56  
cultivation and processing brand please  
0:58  
click the link in our bio thank you so  
1:01  
much much

### **Calyxeum Founders Announce Fundraiser!**

0:00  
hi i'm latoya rucker and i'm the ceo of  
0:03  
collection and i'm rebecca colette the  
0:06  
ceo of collection collection is a  
0:09  
female-owned and operated cannabis  
0:11  
cultivation and processing brand right  
0:14  
here in the city of detroit we have over  
0:16  
10 years of cannabis experience we have  
0:20  
an amazing opportunity we are allowing  
0:23  
our community to invest in the legal  
0:26  
cannabis industry yes the cannabis  
0:28  
industry is a multi-billion dollar  
0:30

industry and through regulation of  
0:33  
crowdfunding you can invest as little as  
0:36  
a hundred dollars in us only a hundred  
0:38  
dollars we've accomplished a lot thus  
0:41  
far and we have so much more ahead of us  
0:45  
join us click the link in our bio for  
0:47  
more information  
0:49  
thank you

### **Behind the Scenes with Calyxeum!**

0:02  
hi my name is latoya and i am the ceo of  
0:04  
collection collection is a female-owned  
0:07  
and operated cannabis cultivation and  
0:10  
processing brand right now we're  
0:12  
standing inside of our cultivation and  
0:14  
processing partners facility where we  
0:17  
are formulating some of the best gummies  
0:19  
that will be on michigan shelves this  
0:22  
summer last year the gummies market did  
0:25  
over one billion in sales  
0:27  
across six states including michigan  
0:31  
this is a huge opportunity and we feel  
0:33  
the time is now to launch our gummies we  
0:36

have so many testimonials from our  
0:39  
patients while we were caregivers as to  
0:41  
how the gummies helped them with sleep  
0:44  
help them go through chemo help them  
0:46  
with so much pain relief so we're  
0:49  
excited about formulating these gummies  
0:51  
we want to focus on quality we want to  
0:53  
focus on taste and we want to focus on  
0:56  
consistency so now guys i want to take  
0:59  
you on a tour and show you a state of  
1:00  
our facility and show you how we make  
1:03  
the gummies  
1:15  
hey guys so we are here with john he is  
1:18  
helping us formulate our gummies and  
1:20  
scale them  
1:21  
he is the head kitchen and processing  
1:25  
supervisor  
1:26  
so we're really excited about our  
1:28  
gummies and one of the things that  
1:30  
differentiates our gummies from a lot of  
1:32  
the other products in the market is the  
1:34  
fact that we're going to be using full  
1:36

spectrum rick simpson oil to go into  
1:39  
each and every gummy and that's really  
1:42  
important it's important for us our  
1:44  
patients and it really does give you the  
1:47  
full benefits medicinally of the  
1:49  
cannabis plant so a lot of the products  
1:52  
out there are named after alcoholic  
1:54  
drinks we want to focus on dessert  
1:57  
gummies so blueberry pie peach cobbler  
2:01  
will be the first products that we'll be  
2:03  
launching in retail stores so we are so  
2:05  
excited about our gummy line because  
2:07  
they're going to be different from a lot  
2:09  
of the gummies on the market  
2:11  
so this is the magic  
2:12  
ingredients that's going to go into all  
2:15  
of our gummies that'll be on shelves  
2:17  
coming soon we got our blue raspberry  
2:20  
gelatin  
2:21  
we have  
2:22  
unflavored gelatin we have some citric  
2:25  
acid  
2:26

sugar

2:27

and some lemon juice flavoring so all

2:31

this is going into our gummies

2:33

normal practice here at luna labs is

2:36

that we make sure that everything is

2:38

kept very clean we are lap so

2:41

we take cleanliness very very seriously

2:44

all of the employees have been trained

2:45

to make sure that we are cleaning behind

2:47

door handles services that typically

2:50

people would not expect dust to collect

2:52

on

2:53

they do collect us so we do make sure

2:55

that anything and everything is

2:57

completely sterile between

2:59

each and every batch of

3:01

whatever product we are making at the

3:03

time and at the end of each and every

3:05

shift

3:44

baby

3:50

baby

4:11

so here we have our finished product our

4:14

gummies that taste delicious and smell

4:17

so good because we use a very

4:21

carefully crafted extract that goes into

4:24

all of our batches

4:26

of our gummies

4:38

so another one of our products that we

4:40

have on shelves right now is our

4:42

pre-rolls and they're being made right

4:45

now in this room let's go check it out

4:56

guys hello how are you so we just wanted

4:59

to take a peek and see where all the

5:01

pre-roll magic happens you guys are

5:04

behind the scenes making that making

5:06

that happen so we appreciate it

5:19

hey guys we're here with cass the

5:21

director of quality and processing at

5:23

franklin fields our processing and

5:26

cultivation partner we're going to take

5:28

a tour of all the cool equipment that we

5:31

have in this facility so welcome i'm so

5:34

glad you're here

5:35

um the door behind you is where all the

5:37

magic starts so that's what connects us  
5:39  
to the cultivation and through that door  
5:40  
is where all of the biomass the flower  
5:42  
comes to us all of it starts here and  
5:45  
gets weighed and then it moves on into  
5:46  
the bride and bedding room in the  
5:48  
grinding and veining room this is where  
5:51  
all the dirty processes happen and they  
5:52  
happen inside here so they stay  
5:54  
contained and they don't get everywhere  
5:55  
else  
5:56  
if you want to step in you can see right  
5:58  
now they're actually going through the  
5:59  
process of sifting and making pre-rolls  
6:02  
they've already ground the flower and  
6:03  
the grinder we use is a high-tech  
6:05  
shredder  
6:08  
moving right along we've got our gmp  
6:11  
warehouse going off this direction here  
6:13  
it's a standard warehouse like you're  
6:15  
used to lots of racking out jacks etc um  
6:20  
this direction we have our future  
6:22

bottling and canning room this is where

6:24

we'll be making all of our beverages

6:25

it's also where we do our in-house

6:27

emulsion emulsion technology is pretty

6:29

great

6:30

um it's actually already installed this

6:33

is a

6:34

high pressure cavitation emulsifier gets

6:38

up to 45 000 psi and get things down to

6:40

20 nanometers that means fast acting thc

6:46

over here we have our mechanical space

6:49

inside the mechanical space is the rest

6:50

of the dirty parts of our process

6:52

this is where all of our control panels

6:54

are this is where we make our ro water

6:56

this is where our compressed air comes

6:58

from

6:59

everything that makes the magic happens

7:01

behind the scenes this is where the

7:02

wizard lives okay

7:05

go on out here

7:09

all right moving through the hallway

7:11

here now we get to

7:13

where the sauce comes from

7:15

this is our ethanol extraction room

7:19

so right now everything's shut down

7:22

because it's the end of the day on a

7:23

friday

7:25

but usually this is this room is buzzing

7:27

all day 10 hours a day so the ethanol

7:29

starts here

7:31

goes through this massive chiller this

7:33

chiller gets down to negative 50 degrees

7:34

celsius comes over here gets held this

7:37

is a centrifuge where the material

7:39

actually gets

7:40

soaked agitated and then spun out now

7:42

all the thc is in a tincture and it's

7:44

here this is still cold again it's

7:46

negative 50 degrees celsius so keep it

7:48

cold so we don't have to winterize again

7:49

we're leaving all those fats

7:52

waxes and gums behind then we're going

7:54

to move over here go through a

7:55

four-stage filtration skin so this is  
7:57  
the first part here we're just going to  
7:59  
go through a standard 100 micron filter  
8:01  
making sure we're not leaving any big  
8:03  
particles sticks except we might have  
8:04  
escaped from the centrifuge bag and  
8:06  
we're going to go through a lenticular  
8:07  
filter or just in case we had any fats  
8:10  
those are going to get trapped go  
8:11  
through an activated carbon filter  
8:12  
leaving behind all those heavy metals  
8:14  
weird flavors strange colors um  
8:17  
as well as any pesticides that might  
8:19  
have been in the biomass we do tolling  
8:20  
across the board so you never know what  
8:22  
people are going to use before they  
8:23  
bring it to you and we end with the last  
8:25  
which is a sterile filter sterile filter  
8:27  
actually removes all those  
8:28  
microorganisms and that means  
8:30  
clean material going out  
8:32  
goes into a holding tank and that then  
8:33

goes into our falling from evaporator

8:35

and this guy will rip off 15 gallons of

8:38

ethanol every hour and out of that comes

8:41

our sweet sweet sauce

8:42

it's very good full spectrum oil very

8:44

good

8:47

over here is our rosin production room

8:55

yes

8:57

so in our ros instruction room

8:59

this room is specific for what we make

9:03

here we do dry sift using an alchemist

9:05

by green rose

9:06

this goes through 130 micron screens and

9:09

can do around a thousand grams

9:11

every 15 minutes

9:13

we also have like a standard bubble

9:15

magic eye sash machine small batch

9:18

everything here we do a small batch like

9:19

25 pounds or less

9:21

that's intentional because we like to

9:22

work with small cultivators so that's

9:24

the work that we do in here we also

9:27

do the pressing squishing and packaging

9:28

in this space

9:33

then behind you here is the commercial

9:36

kitchen

9:41

don't let the space deceive you i know

9:43

there's only one stove in here right now

9:45

but soon there will be a 12 stage

9:47

gas-fired range and four ovens so you'll

9:49

be able to produce around 10 000 units

9:51

per day

9:52

this is where all of the edibles are

9:54

made we also mix most of our topicals in

9:56

here and

9:57

then those go on to packaging in our gmp

10:04

that's right over here

10:11

this is our gmp room where you can see

10:13

we've got our robot for filling

10:14

cartridges

10:16

and behind me here is the bnr technology

10:20

spinning band so this will actually let

10:22

us put a polish on that full spectrum

10:24

oil stripping out different miners as

10:26

well as leaving behind any terps and  
10:28  
de-carving  
10:29  
it's all happening right in here so we  
10:31  
can get that that distillate down so  
10:33  
it's you know clear as honey very very  
10:36  
nice  
10:37  
hi guys it's rebecca the ceo of  
10:40  
collection i'm here to talk about some  
10:42  
of our flower collections our latest  
10:45  
flower collection are our three c's  
10:48  
effects line  
10:49  
create create is our sativa dominant  
10:52  
collection you would indulge in these  
10:54  
strains if you want to feel energized  
10:56  
creative you got a long to do list you  
10:59  
got things to do today  
11:00  
our chill line our 50 50 50 hybrid line  
11:06  
you would indulge in these strains if  
11:08  
you want to relax but you still got  
11:10  
things to do you're not really ready to  
11:11  
go to sleep and lastly our calm line our  
11:15  
most popular line are indica dominant  
11:18

strains in the condominium strains you  
11:20  
would indulge your knees after a long  
11:23  
stressful day you need a little help  
11:26  
relaxing and maybe going to sleep  
11:29  
you know at collection we always like to  
11:32  
introduce new flavors into the market  
11:35  
and in our next strain release we have  
11:37  
some delicious flavors coming to stores  
11:40  
near you biscotti cake gelato sundae  
11:44  
lemon creamsicle and strawberry lemonade  
11:46  
don't they all sound perfect for a  
11:48  
summer evening  
11:50  
see you soon  
12:33  
hey guys it's rebecca the ceo of  
12:36  
collection i'm so excited that we are  
12:39  
expanding our cultivation footprint here  
12:42  
in the state of michigan i am standing  
12:44  
here in our new facility in lansing  
12:46  
michigan when is the last time you knew  
12:49  
two black women that purchased a  
12:51  
multi-million dollar building  
12:53  
let us take you on a tour  
12:55

come check out our flower room a

12:58

[Music]

13:02

inside this room will have 36 to 40 high

13:06

pressure sodium lights where we will be

13:08

able to produce close to 90 pounds of

13:12

cannabis flower

13:13

right in this room we'll have

13:15

dehumidification

13:17

and hvac that will allow us to be able

13:20

to control the environment and keep the

13:22

plants nice and healthy and happy

13:32

so we are standing inside of our

13:34

propagation room this is where our

13:36

mothers will be held our veg plants and

13:39

our clones so this is where all the

13:41

magic happens we want to make sure this

13:43

climate is optimal for plants to grow

13:46

healthy and flourish so that we can get

13:48

you guys the best finished product

13:56

so this is our second flower room guys

13:59

and in here we'll be able to have close

14:01

to two to three hundred plants in this

14:03

room this room is roughly about eleven

14:05

hundred square feet so we'll have rows

14:08

going all the way from the starter room

14:10

to the back of the room

14:12

filled with plants

14:14

this room is also controlled humidity

14:17

control we'll have irrigation as well to

14:20

water all the plants we want everything

14:22

to be automated to kind of leave out the

14:24

human era and also help save on labor

14:27

costs so this is the flower room 2.

15:21

you

**Attachment 6:** `calyxeum2_page.pdf`

3/14/23, 9:21 AM

Invest in Calyxum | Cannabis Business in Detroit, MI

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Black-owned Women-owned

Calyxum

Cannabis Business

Detroit, MI

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Connect with us

Calyxum previously received $62,800 of investment through Mainvest.

Profile

Data Room

Updates 18

Discussion

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THE PITCH

Calyxum is seeking investment to expand our Retail and Marketing Footprint.

Adding A Location Expanding Location

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INVESTOR PERK

Behind the Scenes with Calyxum!

OUR MISSION

Calyxum is an MBE/WBE certified business founded in Detroit, MI. We run a boutique Cannabis Cultivation & Processing operation focused on providing underrepresented populations with access to high-quality Cannabis products.

Our Founders have degrees in Science, Health, Business & Technology, and over 10 years of experience in Michigan's burgeoning Cannabis industry.

Our intention is to expand our growing and processing operations throughout Michigan, adding a female touch to a female plant.

We will maintain a competitive advantage in this quickly expanding segment by strengthening our relationships with existing and new customers and leveraging our industry-wide rapport that we have cultivated, much like our strains, since 2009.

MARKET OPPORTUNITY

Michigan is the second largest market in the U.S. with over 300,000 medical patients. Medical sales are projected to reach 883.9M by 2025.

Michigan Sales are projected to be 7.8 Billion (including Adult Use) by market maturity.

2 Billion: Marijuana Business Daily estimates Michigan Adult Use sales totaling between $1.8 billion and $2.1 billion annually by 2024.

500 Million: Marijuana Moment Michigan Medical sales in 2022.

25 Billion: Leafy estimated the US Cannabis industry revenue in 2022.

81%: Michigan Cannabis sales increased in 2022.

428,059: US Cannabis industry leads the nation in job creation with over 400K full time employees.

DETROIT GROWN. WOMEN OWNED.

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CALYXUM FOUNDERS ANNOUNCE FUNDRAISER!

60 sec teaser.

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CALYXUM 2023 FUNDRAISING CAMPAIGN

CALYXUM FOUNDERS EXPLAIN THE IMPORTANCE OF COMMUNITY FUNDING.

2 min explanation video.

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Invest in Calyxem | Cannabis Business in Detroit, MI

# BREAKING BARRIERS IN THE LEGAL CANNABIS INDUSTRY
OUR LARGEST CANNABIS RETAIL CHAIN!
OUR FIRST BRAND SHOWCASE IN VEGAS!
PRESS

While Detroit's social equity plan gets held up in a lawsuit, these cannapreneurs aren't waiting

Social equity opportunities seem to be a very popular entryway into the Michigan cannabis business. That makes sense. Nearly 200 municipalities, including all of the...

Black-owned, woman-grown, and made in Detroit: Calyxem is a brand with a plan - MJ Brand Insights

Calyxem is a Detroit organic cannabis brand with a good conscience and strong ethics. We talk to the two women behind the company.

Leading Minority-Owned Michigan Cannabis Venture, Calyxem announces goal of $2 Million to Expand Socially Conscious Cannabis Venture

September 11, 2020 -- Part of Michigan's growing cannabis industry, the woman-owned business continues to support the community by raising Q4 funding

Small-scale cannabis social equity success stories emerge amid stumbles among big programs

Social Equity success stories

The Early Success of Legal Cannabis Sales - Oster and Associates

Getting started in the legal cannabis industry is anything but easy. Large amounts of patience, time and money are almost required to enter the space. Some states have done a better job than others of setting up parameters for their medical or recreational cannabis markets. One state that is doing very well early on its recreational program is Michigan. The first midwestern state to legalize recreational marijuana in 2018, Michigan reached its monthly record for cannabis sales of $149 million in March 2021 and then surpassed that total the very next month by reaching $154 million in April 2021. In fact, Michigan is on pace to reach $1 billion in annual sales by the end of 2021. What is behind the skyrocketing sales? The Arcview Group recently hosted its Town Hall: Michigan virtual event with some of that state's leading cannabis voices to discuss particulars driving this early success.

Top 9 Black-Owned Start-Up Tech Companies to Invest in Right Now

The rise of the Black Lives Matter movement across the world has resulted in an increase of investors and venture capitalists interested in finding and investing in Black founder-led companies. Here are our favorite Black-owned tech and tech-enabled firms that are raising capital right now.

Black cannabis founders face tough odds - and they say "social equity" programs aren't helping

As cannabis legalization has swept through the U.S., nearly a dozen states have adopted programs intended to help marginalized groups enter the industry. But the so-called "social equity" initiatives have fallen far short of their goals, according to entrepreneurs they were designed to help.

Stateside: Whitmer on kidnapping plot; coronavirus strategy; business is booming for cannabis in MI

Today on Stateside, we talk with two entrepreneurs about launching a cannabis business amid a global pandemic. Also, we catch up with Governor Whitmer...

The Detroit Cannabis Project launches to help bring diversity to Michigan's marijuana industry

Rebecca Colett has been a part of Michigan's formal cannabis industry for about as long as it has existed. Starting off as a caregiver for...

7 Black-owned businesses paving the way in Michigan's cannabis industry

Calyxem is a black women owned and operated cultivation and processing brand

Cannabis businesses make push to showcase Black-owned brands

Calyxem has been successful finding shelf space through a mix of leveraging social media and in-store support.

Show support for Black-owned cannabis

Calyxem has been "adding a female touch to a female plant.

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Invest in Calyxum | Cannabis Business in Detroit, MI

COMPLETED Q4 2021

Phase 1

Cannabis Licensing Acquisition.

COMPLETED Q1 2022

Phase 2

Retail Store Product Launch.

COMPLETED Q4 2022

Phase 3

Expansion Real-Estate Acquisition.

TARGET Q2 2023

Phase 4

Expansion Facility is Fully Operational.

TARGET Q3 2023

Phase 5

First Operational Harvest and Processing Production.

ONGOING-EXPANDING

Expanding products and SKUs in Michigan.

THE TEAM

Rebecca A Colett

CEO

Rebecca Colett is an experienced entrepreneur, technology professional, cannabis advocate, Native Detroiter and appointed board member at the National Cannabis Industry Association. She has worked alongside the Bureau of Cannabis Control in California and The Michigan Regulatory Agency during the development of their Social Equity Programs. She has served on the state Board of NORML, founded a Social Equity incubator and has been featured in many national media publications. Rebecca has also been featured at countless Cannabis Conferences and has lobbied on Capitol Hill in DC, and the State Capitols for Michigan, Georgia, California and Maryland for Equity in Cannabis as well as Veteran Access to Medical Cannabis. Rebecca holds a B.S in Business from Florida A&M University, a MBA from Booth School of Business at the University of Chicago as well as a Masters in Supply Chain from Georgia Tech.

LaToyia R. Rucker

COO

Chief Operating Officer of Calyxum in Detroit. LaToyia is one of the first females to co-own a Medical Marijuana Licensing Clinic. She is an experienced entrepreneur, educator, master gardener and native Detroiter. In 2014 she was selected by Goldman Sachs 10,000 Small Business and currently is very active as an alumnus. She was also selected by Bloomberg LP 10,000 Small Businesses Coaching Session in 2017. LaToyia is also the founder and owner of Kid Fit Childcare Centers with two metro Detroit Locations. LaToyia holds a B.S. in Biology from the Tuskegee University, a Master Degree in Education from Wayne State University, and a Master's Degree in Early Childhood Education from Capella University.

Cam Carter

Advisory Board Member

Cameron Carter is a senior contracts manager who specializes in space, aerospace, and ground vehicle weapon systems. Before leading in the private sector, Cameron served as an Air Force Officer stationed in Colorado, Italy, and Kyrgyzstan. He earned his Bachelors from the Air Force Academy and MBA from Yale School of Management. Cameron serves on the advisory board of Calyxum and participates in other minority inclusive ventures.

Khadijah Adams

Advisory Board Member

Cassondra "Khadijah" Adams is originally from Sugar Land, Texas. She started her first business while raising four sons as a single mother. Khadijah Adams has been a full-time entrepreneur since 1997. She entered the cannabis industry in 2014 by way of the Colorado market. She began investing

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Invest in Calyxum | Cannabis Business in Detroit, MI

in cannabis-related companies shortly thereafter and formed MIPR Holdings where she served as the founder and senior managing partner for 3-1/2 years and was responsible for consulting and connecting accredited investors to viable investment opportunities in the space.

Andy Weiss

Advisory Board Member

Mr. Weiss is an industry pioneer, participating since inception of the highly regulated marijuana markets of both Colorado, Nevada, Pennsylvania and Ohio. As a founding partner of iVita Wellness 2010, one of the oldest vertically integrated businesses in the Nationwide industry. Mr. Weiss and his team built a business with a focus on ethics and quality standards. Under his leadership, the company expanded to 3 locations, a state of the art production facility and 40,000 square ft of indoor grow. Mr. Weiss is currently co producing a documentary film regarding social equity and the lack of minority ownership in the cannabis industry.

Kandice Moss

Advisor

Kandice Moss is a graduate of Columbia College Chicago, holding a master's degree in dance Movement Psychotherapy and Professional Counseling. Her own experience of the healing power of dance and movement and her interest in helping individuals find their "why" led her to further her education in this field.

Kandice brings a wealth of experience to her private practice, Moss Therapy and Wellness, PLLC. Kandice holds an endorsement in Infant and Early Childhood Mental Health along with certification in Child-Parent Psychotherapy (CPP). She's worked as a dance movement therapist for children and adults with special needs and geriatric population with Alzheimer's & Dementia. Her current specialty of services includes anxiety, depression, trauma, and life transitions. Kandice is a member of the American Dance Therapy Association (ADTA) and Michigan Dance/Movement Therapy Collective. Kandice is the Executive Director of The Moss Foundation, a 501(c)(3), supporting children and families across the Detroit Metropolitan Area.

Eric Williams

Advisor

Eric C. Williams is managing attorney for the Economic Equity Practice (EEP) of Detroit Justice Center, a nonprofit devoted to grassroots approaches to creating safe, vibrant communities and creating just pathways to economic development in Detroit. Eric previously served as the director of Wayne State University Law School's Business and Community Law Clinic as well as the Director of the Wayne Law Program for Entrepreneurship and Business Law. His prior experience includes private practice in the New York offices of Nixon Peabody, LLP and Winston & Strawn, LLP.

CALYXUM IS A BLACK WOMEN OWNED CANNABIS BRAND.

Order Online

4

Founded

20,000 people

Social Media Followers

39%

Monthly Growth

A FEMALE TOUCH TO A FEMALE PLANT

Q&A

What is your background? How did you get into the industry?

We have been medical caregivers for 10 years in Michigan. We also have extensive experience in business and both of the founders are serial entrepreneurs. Rebecca and LaToyia both believe in the healing powers of Cannabis and both started in the Cannabis industry to help close friends and family. As licensing opportunities became available in Michigan they used their experience and industry rapport to start a commercial Cultivation and Processing Brand.

Why are you raising capital and why is now a good time?

The Cannabis industry has increased sales by 35% year over year since the start of the pandemic. Cannabis is an essential business that has plenty room for growth. In addition, since the start of our retail sales our demand has exploded! We need to grow our operational footprint to expand our market share throughout Michigan.

What's the most interesting thing you've learned about your industry since you got started?

Less than 2% of all Cannabis licenses holders in the US are People of Color.

What is your background? How did you get into the industry?

We have been medical caregivers for 10 years in Michigan. We also have extensive experience in business and both of the founders are serial

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Invest in Calyxum | Cannabis Business in Detroit, MI

entrepreneurs. Rebecca and LaToyia both believe in the healing powers of Cannabis and both started in the Cannabis industry to help close friends and family. As licensing opportunities became available in Michigan they used their experience and industry rapport to start a commercial Cultivation and Processing Brand.

Why are you raising capital and why is now a good time?

The Cannabis industry has increased sales by 35% year over year since the start of the pandemic. Cannabis is an essential business that has plenty room for growth. In addition, since the start of our retail sales our demand has exploded! We need to grow our operational footprint to expand our market share throughout Michigan.

What's the most interesting thing you've learned about your industry since you got started?

Less than 2% of all Cannabis licenses holders in the US are People of Color.

What is your background? How did you get into the industry?

We have been medical caregivers for 10 years in Michigan. We also have extensive experience in business and both of the founders are serial entrepreneurs. Rebecca and LaToyia both believe in the healing powers of Cannabis and both started in the Cannabis industry to help close friends and family. As licensing opportunities became available in Michigan they used their experience and industry rapport to start a commercial Cultivation and Processing Brand.

Why are you raising capital and why is now a good time?

The Cannabis industry has increased sales by 35% year over year since the start of the pandemic. Cannabis is an essential business that has plenty room for growth. In addition, since the start of our retail sales our demand has exploded! We need to grow our operational footprint to expand our market share throughout Michigan.

What's the most interesting thing you've learned about your industry since you got started?

Less than 2% of all Cannabis licenses holders in the US are People of Color.

Our Heart is in the Plant. Our Hands are in the Community. We are Making HERstory.

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CALYXUM PITCH DECK UPDATED

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SUPPORT BLACK GROWER

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CALYXUM NEW PACKAGING!

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OUR LARGEST RETAIL PARTNER IN MICHIGAN!

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CALYXUM IN STORE!

One of the reasons we have been successful in expanding our products throughout Michigan is our in store engagement! Check us out in one of our most popular markets- Ann Arbor Michigan

Updates

Investor Exclusive

FEBRUARY 21ST, 2023

Calyxum project update!

Hello Investors! We hope your 2023 is off to a great start! We have been super focused on growing and building. Our expansion construction project is almost complete and we hope to be operating by 4/20! Below are some more high level updates!

We have expanded our products to more retail stores in the State of Michigan! Our products are now available in Detroit, Lincoln Park and Lowell!

We introduced a 4th flavor to our dessert gummy line; Strawberry Cheesecake. This flavor launches in stores at the beginning of March.

Our team has been featured in several Black history month podcasts check out:

Dutchie podcast here: https://www.linkedin.com/posts/getdutchie_welcome-to-episode-28-of-this-week-in-cannabis-activity-7029852775224135680-Bzsu?utm_source=share&utm_medium=member_desktop

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NCIA minority report podcast: https://www.linkedin.com/posts/national-cannabis-industry-association_cannabis-activity-7032385575311577088-a1Ux?utm_source=share&utm_medium=member_desktop

NOVEMBER 25TH, 2022

Happy Thanksgiving!!!

We have been working diligently and excited to give all of our wonderful investors an update. We expanded our product line! During our campaign we were formulating our gummy line and proud to share that they are ready and can be found on Retail shelves across Michigan. Our flavors are Peach Cobbler, Blueberry Pie, and Key Lime Pie!! Our team has grown we hired some super talented individuals to focus on sales and marketing. We also added to our advisory team bringing on a new advisor that has 10 years of experience in the Cannabis Industry! Calyxem is putting your investment to work and growing the brand, you can check out our CEO in MJ BIZ latest podcast Seed to CEO: Stories from Cannabis Businesses https://mjbizdaily.com/podcast/detroit-doer-when-investors-said-no-calyxem-ceo-rebecca-colett-kept-going/. We also have had our products featured in Blac Magazine https://www.blac.media/faith-family/holiday-entertaining-how-blac-is-hosting-stress-free-and-locally/ and MJ Brands Insights New Product Round up, https://mjbrandinsights.com/new-product-roundup-summer-2022/?utm_source=mailpoet&utm_medium=email&utm_campaign=5-top-selling-drinks-11-hot-420-product-drops-is-cannabis-education-worth-it-and-more_116. Thanks to your investment our cultivation expansion plans are underway and we have decided to do another investment round in December just in time for the giving and gifting season we can't wait to share some even more exciting news for 2023!!

JULY 25TH, 2022

Our Investors Rock!

We truly appreciate your investment and believing in us! As we bring our campaign to a close we want you to know that we will be working diligently to put your investment dollars to work. Each one of you are apart of the growth and expansion of Calyxem, how awesome is that! The best is yet to come!! Thanks again!

JULY 21ST, 2022

Calyxem is Community!

Calyxem Thank's you!

We are more than a brand! We represent Women, Community, Diversity and Empowerment! We are a movement when you invest in us you invest in change!!

JULY 19TH, 2022

Thankful!!!

We are so Thankful that you invested in us! We are so thankful that our idea is now a known brand for the people!! We are not corporate we are the community! If you are in Michigan try our products and if they don't carry us ask them why not 😊

JULY 18TH, 2022

Team Work makes the dream work!

Thank you to all of our investors! Our Campaign is closing in 6 days but we are just getting started!! We have been having a blast taste testing our new dessert flavored gummies that will be on Michigan Retail shelves by the end of July! So far we have perfected blueberry pie and peach cobbler 😊😊. Coming Soon, Key Lime Pie!!!

JUNE 13TH, 2022

Let's Chat!! How did you hear about Calyxem??

We appreciate all of our investors and we have been working diligently to spread the word about our campaign! Our awesome investors are from all over the country and we would love to know how you found out about Calyxem? We want to stay engaged with you as our journey continues!

JUNE 4TH, 2022

***Extending Our Campaign!!!

We want to thank all of our investors for rocking with Calyxem and supporting our campaign!!! We have had more people express interest in investing so we decided to extend the campaign another 45 days!! Please help us continue to spread the word that Calyxem is here and investing in us is the best move to make in 2022!!

JUNE 4TH, 2022

Extending are Campaign!!!

We want to thank all of our investors for rocking with Calyxem and supporting our campaign!!! We have had more people express interest in

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investing so we decided to extend the campaign another 45 days!! Please help us continue to spreading the word that Calyxem is here and investing in us is the best move to make in 2022!!

JUNE 2ND, 2022

Meet our New Advisor!!!

Eric C. Williams is managing attorney for the Economic Equity Practice (EEP) of Detroit Justice Center, a nonprofit devoted to grassroots approaches to creating safe, vibrant communities and creating just pathways to economic development in Detroit. Eric previously served as the director of Wayne State University Law School's Business and Community Law Clinic as well as the Director of the Wayne Law Program for Entrepreneurship and Business Law. His prior experience includes private practice in the New York offices of Nixon Peabody, LLP and Winston & Strawn, LLP.

MAY 28TH, 2022

Women Owned Women Grown!!!

Telling our story and how cannabis has positively impacted our community is our why! Our journey started more than 10 years ago and we are so excited about our future. Check out our latest article!!!

https://mjbrandinsights.com/woman-owned-woman-grown-three-female-cultivators-changing-the-industry/

MAY 18TH, 2022

Investor Perks are Here!!

We recently shot a behind the scenes video to give all of our investors and potential investors a look into all the exciting projects that we are working on! We have another investor perk! Invest $2,000 or more and receive a behind the scenes tour of our new facility once operations begin! Stay Tuned for even more investor perks. Thank you so much for believing in our vision!!

APRIL 28TH, 2022

Investor Perks!! Thank you!!

We want to sincerely Thank all of our investors for believing in our vision and rocking with us! Our team has decided to do something special for all of our early investors. Stay Tuned...

APRIL 21ST, 2022

Top 8 Black-Owned Start-Up Tech Companies to Invest in For 2022

https://www.blackbusiness.com/2022/04/top-8-black-owned-start-up-tech-companies-to-invest-in-2022.html?m=1

APRIL 20TH, 2022

Happy 420!

We are over 1 month into our Crowdfunding campaign and we want to thank everyone that has liked, reposted, and invested in us! We also have released our Pre-Rolls in Jars and High Profile Cannabis Retails Stores in MI, now thats something to celebrate!!

APRIL 5TH, 2022

Detroit Passes New Adult-Use Cannabis Ordinance

https://www.benzinga.com/markets/cannabis/22/04/26481533/detroit-city-council-finally-approves-recreational-marijuana-ordinance-after-years-of-delay

MARCH 29TH, 2022

Check us out talking about our Mainvest Capital Raise on one of our favorite Podcast!!!

https://youtu.be/Ghb2PEV0zNU

MARCH 24TH, 2022

Check out your favorite cannabis companies latest article!!!

https://mjbrandinsights.com/9-michigan-cannabis-brands-to-watch/

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Data Room

Intended Use of Funds

Target Raise

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Maximum Raise
Buildout Costs $18,650
Mainvest Compensation $1,350
Total $20,000
Financial Forecasts
Year 1 Year 2 Year 3 Year 4 Year 5
Gross Sales $10,561,658 $11,617,823 $12,431,070 $13,052,623 $13,444,201
Cost of Goods Sold $91,529 $105,000 $112,000 $120,000 $125,000
Gross Profit $10,470,129 $11,512,823 $12,319,070 $12,932,623 $13,319,201

# EXPENSES

Rent $2,234,365 $2,290,224 $2,347,479 $2,406,165 $2,466,319
Utilities $744,652 $763,268 $782,349 $801,907 $821,954
Salaries $1,211,668 $1,332,834 $1,426,132 $1,497,438 $1,542,361
Insurance $302,674 $310,240 $317,996 $325,945 $334,093
Equipment Lease $60,000 $61,500 $63,037 $64,612 $66,227
Repairs & Maintenance $20,000 $20,500 $21,012 $21,537 $22,075
Legal & Professional Fees $100,000 $102,500 $105,062 $107,688 $110,380
Operating Profit $5,796,770 $6,631,757 $7,256,003 $7,707,331 $7,955,792
This information is provided by Calyxem. Mainvest never predicts or projects performance, and has not reviewed or audited this financial forecast.
Please see below for additional risk disclosures.
Documents
Offering Memorandum
Investor Agreement
2021 Balance Sheet
2021 Income Statement
2022 Balance Sheet
2022 Income Statement
Investment Round Status
Target Raise $20,000
Maximum Raise $61,100
Amount Invested $0
Investors 0
Investment Round Ends May 12th, 2023
Summary of Terms
Legal Business Name Calyxem, LLC
Investment Structure Revenue Sharing Note
Investment Multiple 1.5x
Business's Revenue Share 0.1%-0.3%
Minimum Investment Amount $100
Repayment Schedule Annually
Securitization None
Maturity Date September 30th, 2028
Financial Condition
Historical milestones

Calyxem was Founded in October 2019 and has since achieved the following milestones:

State of Michigan Regulatory Licensor 2020.

Created a Social Equity Incubator; The Detroit Cannabis Project.

We are currently in 25 retail locations around Michigan.

Our Retail presence will double to upwards of 50 stores by Q2 2022.

Hired Experienced Team Members.

Launched our community benefit programs through our Non Profit arm; Calyxem Catalyst.

Partnered with Large Cannabis Operator in Michigan to scale our manufacturing process.

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Historical financial performance is not necessarily predictive of future performance.

# Risk Factors

CANNABIS IS ILLEGAL UNDER FEDERAL LAW. THIS MEANS THAT THE BUSINESS IS UNDER THREAT OF CRIMINAL LIABILITY AND ASSET FORFEITURE. INVESTORS MAY ALSO BE SUBJECT TO POTENTIAL CRIMINAL PENALTIES.

Because cannabis is federally illegal, investing in cannabis businesses could be found to violate the federal Controlled Substances Act. Not only can investors and company directors or management be indicted under federal law, all of the assets they contribute to a cannabis business (and even to an ancillary cannabis business), including real property, cash, equipment and other goods, could be subject to asset forfeiture because cannabis is still federally illegal.

There are conflicts in Federal and State regulations related to cannabis.

Federal regulation and enforcement may adversely affect the implementation of adult use/medical Cannabis laws and regulations may negatively impact our revenues and profits. The state laws conflict with the federal Controlled Substances Act, which makes cannabis use and possession illegal on a national level. If the federal government determines that such laws should be enforced strictly, it could cause significant financial damage to the Company and its shareholders.

Again, cannabis remains illegal under federal law. It is a Schedule I controlled substance. Even in those jurisdictions in which the use of medical cannabis has been legalized at the state level, its prescription is a violation of federal law. The United States Supreme Court has ruled in United States v. Oakland Cannabis Buyers' Coop. and Gonzales v. Raich that the federal government that has the right to regulate and criminalize cannabis, even for medical purposes. Therefore, Federal law criminalizing the use of cannabis trumps state laws that legalize its use for medicinal purposes. At present, the states are maintaining existing laws and passing new ones in this area. A change in the federal attitude towards enforcement could have a negative effect on the industry, potentially ending it entirely. Laws and regulations affecting the cannabis industry are constantly changing, which could detrimentally affect our proposed operations. Local, state, and federal cannabis laws and regulations are broad in scope and subject to evolving interpretations, which could require us to incur substantial costs associated with compliance or alter our business plan. In addition, violations of these laws, or allegations of such violations, could disrupt our business and result in a material adverse effect on our operations. In addition, it is possible that regulations may be enacted in the future that will be directly applicable to our business. We cannot predict the nature of any future laws, regulations, interpretations, or applications, nor can we determine what effect additional governmental regulations or administrative policies and procedures, when and if promulgated, could have on our business.

# Banking Difficulties

The cultivation, sale, and use of cannabis are illegal under federal law. Therefore, many banks do not accept for deposit funds from the drug trade and therefore would not be able to do business with the Company. As such, the Company and its wholly owned entities may have trouble finding a bank willing to accept their business. There can be no assurance that banks currently or in the future will decide to do business with cannabis growers or retailers, or that in the absence of legislation state and federal banking regulators will not strictly enforce current prohibitions on banks handling funds generated from an activity that is illegal under federal law. This may make it difficult for the Company to open accounts, use the service of banks and otherwise transact business, which in turn may negatively affect the Company.

Despite rules issued by the United States Department of the Treasury mitigating the risk to banks that do business with cannabis companies permitted under state law, as well as guidance from the United States Department of Justice, banks remain wary to accept funds from businesses in the cannabis industry. Since the use of cannabis remains illegal under Federal law, there remains a compelling argument that banks may be in violation of Federal law when accepting for deposit, funds derived from the sale or distribution of cannabis. Consequently, businesses involved in the cannabis industry, including us, continue to have trouble establishing and maintaining banking relationships. An inability to open and maintain bank accounts may make it difficult for us and our customers to do business. In addition, our inability to maintain a bank account has resulted in our holding large sums of cash. Although we store our cash in a secure safe, we are exposed to a greater risk of theft.

# THERE MAY BE DIFFICULTIES IN ADMINISTERING REPAYMENTS AND REPAYMENT MECHANISMS MAY VARY

Because banks may not be willing to do business with a cannabis entity for the reasons discussed above, any repayments owned under the Revenue Sharing Note will be fully administered by the Company and likely not processed by a financial institution. This means it is unlikely that the Company will be able to provide payments via Automated Clearing House (ACH) transfers, and may need to rely on other sources, such as personal checks

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and/or third party financial applications. This other sources may subject repayments to additional fees or risks, and will be subject to any applicable terms and conditions. To further clarify, repayments will not be processed by Mainvest or its affiliates. Instead, the Company will be responsible for facilitating all repayments and it is possible the Company may have difficulties in organizing and facilitating these future repayment obligations.

# You Might Lose Your Money

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

# Limited Services

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

# Lack of Accounting Controls

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

# Competition

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

# Reliance on Management

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

# Financial Forecasts Risks

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

# Inability to Sell Your Investment

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

# The Company Might Need More Capital

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

# Changes in Economic Conditions Could Hurt Calyxum

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

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# No Registration Under Securities Laws

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

# Incomplete Offering Information

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

# Lack of Ongoing Information

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

# Uninsured Losses

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

# Changes in Laws

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

# Conflict of Interest With Companies and Their Management

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

# Future Investors Might Have Superior Rights

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

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

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

# You Have a Limited Upside

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

# You Do Have a Downside

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

# Payments and Return Are Unpredictable

Because your payments are based on the revenue of Calyxem, and the revenue of Calyxem can go up or down (or even disappear altogether)

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unpredictably, it is impossible to predict how much you will receive and when. And because the payments are unpredictable, so is your ultimate return.

The Notes Are Unsecured and Uninsured

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

Subordination

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

Lack of Guaranty

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

Limitation of Individual Rights in Event of Default

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

COVID-19 Impact

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

This information is provided by Calyxum. Mainvest never predicts or projects performance, and has not reviewed or audited this information. For additional information, review the official Form C filing with the Securities and Exchange Commission on the EDGAR website.
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Investor Discussion

This discussion is exclusively available to the business owners and investors.

I'd love for this business to...
My favorite part about this is...
Please tell me more about...
Christine M. Mundelein, IL about 1 month ago

Any updates? Thanks!

Reply
LaToyia R. about 1 month ago Calyxum Entrepreneur

Hello Christine, Thanks for checking on us. We have been working hard and are going to be making a few big announcements this month!

Reply
Christine M. Mundelein, IL about 1 month ago

Hi LaToyia - awesome, I'm so excited to hear them! I hope you guys had a great year and a wonderful start to 2023! :)

Reply
Giselle S. Auburn Hills, MI 8 months ago

I supported this because there aren't enough black-owned and woman owned businesses in the marijuana industry.

Reply
Denise E. Phoenix, AZ 8 months ago

Happy to invest in women owned companies as we girls rock this world!

Reply

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LaToyia R. 8 months ago Calyxum Entrepreneur

Thank you Denise. You Rock for investing in us!!

Reply

Prynston W. Chicago, IL 8 months ago

Investing because I believe in your business plan and hope to visit your business when I stop by Detroit.

LaToyia R. 8 months ago Calyxum Entrepreneur

Thank you Prenise!! Come check us out!

Jessica P. New Bedford, MA 8 months ago

I invested because I am a business owner myself and my family owns Beautiful Earth Organics CBD.

LaToyia R. 8 months ago Calyxum Entrepreneur

Thank You Jessica we definitely will check out your company, love the name!!

Krystal R. Eastpointe, MI 8 months ago

I invested because standing together makes us stronger. Dollars here will go further to help this community.

LaToyia R. 8 months ago Calyxum Entrepreneur

Absolutely, Thank you for the continued the support!

LaToyia R. 8 months ago Calyxum Entrepreneur

*continued support!

Nydia Z. Rochester Hills, MI 8 months ago

I invested because I cannot be a woman of color and NOT support another woman of color. This is how we create generational wealth. By investing in one another. Go get 'em ladies. Show 'em how its done!

LaToyia R. 8 months ago Calyxum Entrepreneur

Well put!! Thank you Nydia!!

Robert T. Brooklyn, NY 8 months ago

One grows we all grow!

LaToyia R. 8 months ago Calyxum Entrepreneur

Well Said!!! Thank you!

Tony S. Dallas, TX 8 months ago

I invested because of a consult I had with Rebecca about opening up my own Cannabis business. She didn't hold anything back and really gave me all the resources I needed to get started but after following the business and realizing the amount of education and community outreach Calyxum does, I decided to become an investor to support the amazing work they are already doing. The African American community has been on the wrong side of cannabis for decades and that usually ended up with African American women being left alone to raise a family so the fact this is not only Black Owned but Woman Owned as well is a beautiful thing to see and I can't wait to see what the future holds for this company.

LaToyia R. 8 months ago Calyxum Entrepreneur

Thank you Tony we appreciate you!!

Sylvia R. Lithonia, GA 9 months ago

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I invested because I believe cannabis has more value to the body than we understand. Also, because I support Women Businesses and Rebecca is an awesome person!

LaToyia R. 8 months ago Calyxem Entrepreneur

Thank you Sylvia for rocking with us!

Jill B. Baltimore, MD 9 months ago

So happy to support a Black Women Owned and Operated business in an often-maligned amazing city. Found out about this platform through "The Heady Conversations" podcast, and wanted to find a great company to invest in. I'm so glad to find you all!

LaToyia R. 9 months ago Calyxem Entrepreneur

So Glad you found us Jill, Thank you for investing!

Jill B. Baltimore, MD 8 months ago

So happy to be a part of this. I hope to visit as a customer once you are ready to roll!

Antoine J. Romulus, MI 9 months ago

I invested because I've tried the product and believe in the movement

LaToyia R. 9 months ago Calyxem Entrepreneur

Thank you Antonio!! Glad you enjoyed it and support Calyxem! This is definitely a movement!

Rosetta C. Oak Park, MI 9 months ago

I support women in small business

LaToyia R. 9 months ago Calyxem Entrepreneur

Thank you so much ❤️

Julia G. Hilliard, OH 10 months ago

I saw you're offering investors of 2k or more a tour of the new facility. I'm so excited, I'm planning a special trip to Michigan for whenever that is.

LaToyia R. 10 months ago Calyxem Entrepreneur

Thank you so much Julia, we can't wait to host you! We will keep you updated for your!!!

LaToyia R. 10 months ago Calyxem Entrepreneur

* for sure!!

Julia G. Hilliard, OH 10 months ago

also, do you have an estimate for when we can tour the new facility? I am excited to see everything.

Diana S. Los Angeles, CA 10 months ago

I invested because I support women owned businesses

LaToyia R. 10 months ago Calyxem Entrepreneur

Thank you Diana, Women led companies need it the most!!

LaToyia R. 10 months ago Calyxem Entrepreneur

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Thank you Diana, Women led companies need it the most!!

Charles B. Westerville, OH 10 months ago

Industry that can help people.

LaToya R. 10 months ago Calyxum Entrepreneur

Absolutely Charles! Uplift and build sustainable communities. Thanks so much for your investment.

Hycien T. Wyncote, PA 10 months ago

Invested.

LaToya R. 10 months ago Calyxum Entrepreneur

Thank you Hycien!!

Bonnie C. Chicago, IL 10 months ago

I invested because I believe this product has potential.

LaToya R. 10 months ago Calyxum Entrepreneur

Bonnie C, thank you for believing. We truly appreciate!!!

Marian L. 10 months ago

This company is great

Elizabeth B. Springfield Gardens, NY 10 months ago

Inspired by your 10K Bet On Black pitch. Looking forward to helping you grow.

LaToya R. 10 months ago Calyxum Entrepreneur

I had a great time pitching to the 10K family!! Will be back on for an education session this Wednesday!!

Eric J. Mount Clemens, MI 10 months ago

Black women 🥰

LaToya R. 10 months ago Calyxum Entrepreneur

🙌🙌

LaToya R. 10 months ago Calyxum Entrepreneur

Thank you Eric

Raymond B. Northville, MI 10 months ago

So happy to support a local, black owned female business!

LaToya R. 10 months ago Calyxum Entrepreneur

Thank you Raymond!!

Denise M. West Bloomfield, MI 10 months ago

Ground floor, wonderful opportunity. Numbers don't lie.

LaToya R. 10 months ago Calyxum Entrepreneur

https://mainvest.com/b/calyxum-detroit

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3/14/23, 9:21 AM

Invest in Calyxem | Cannabis Business in Detroit, MI

Thanks so much, it great to present to our new extended family!

LaToyia R. 10 months ago Calyxem Entrepreneur

Thanks so much, it was great to present to our new extended family!

Marqel Armani L. South Pasadena, CA 11 months ago

Been waiting on this one. Calyxem supports the community, the industry, and stays dedicated. Easy choice to invest in Calyxem, they invest in the community.

LaToyia R. 11 months ago Calyxem Entrepreneur

Thank you Marqel! Such powerful and motivating words!!

Bridgette P. Grayson, GA 11 months ago

I invested because, I believe in the vision and brand.

LaToyia R. 11 months ago Calyxem Entrepreneur

Thank you for believing in us!!

Michael C. Fuquay Varina, NC 11 months ago

I'm in full on support of black businesses

LaToyia R. 11 months ago Calyxem Entrepreneur

Support is Key, Thank you!!

Brittney T. Southfield, MI 11 months ago

I invested because I truly believe in this business. So excited to see these ladies succeed!

LaToyia R. 11 months ago Calyxem Entrepreneur

Thank you so much!!!

Steve S. Silver Spring, MD 11 months ago

I believe in you!

LaToyia R. 11 months ago Calyxem Entrepreneur

We truly appreciate!!

Monnique M. Fairburn, GA 11 months ago

I invested because I believe in supporting Black owned, Women owned Businesses.

LaToyia R. 11 months ago Calyxem Entrepreneur

Thanks so Much for the support!!

Cassondra A. Chandler, AZ 11 months ago

That's what I'm talking about Ms. Monnique. I had a great time with you in Detroit!

Robert T. Canton, MI 12 months ago

Curious how the recent drop in retail pricing is going to be addressed especially with the burgeoning number of cannabis facilities that are opening

https://mainvest.com/b/calyxem-detroit

16/30

3/14/23, 9:21 AM

Invest in Calyxem | Cannabis Business in Detroit, MI

in the area.

LaToyia R. 12 months ago Calyxem Entrepreneur

Thank you Robert for your feedback, we studied California and Colorado Markets closely as the same thing happened in both States. We made sure to be conservative with our projections taking into account price fluctuations. What will differentiate Calyxem is our commitment to community, connoisseur level quality products, all at a reasonable market rate price.

Kirsten B. North Olmsted, OH 12 months ago

I invested because I want to see them succeed and for them to know that people have their back. The industry is growing and so is the opportunity. Why not give more access to black women?

LaToyia R. 12 months ago Calyxem Entrepreneur

Thanks so much Kirsten!! Such powerful words!!

LaToyia R. 12 months ago Calyxem Entrepreneur

Hello William great question. Here in Michigan we have several banks and credit unions that allow for Licensed Operators to open a bank account with no issues. Through our network and resources we have been actively building those relationships. To answer your second question, Instead of an interest rate, the revenue sharing note has an investment multiple. This is the amount owed to investors, no later than the maturity date. The rate of return is determined by the business's gross revenue and the percentage of revenue they share each quarter. Investors receive a greater percentage of the business's revenue by investing more. Our multiple is 1.5% so if someone invested $1,000 they would receive $1500 in total. The investor would receive that amount each quarter until paid in full. Thanks again for checking us out!!

william s. Woodland Hills, CA 12 months ago

Thank you so much for the fast and detailed response. Looking forward to doing business with you.

LaToyia R. 12 months ago Calyxem Entrepreneur

Absolutely, looking forward to it!!!

william s. Woodland Hills, CA 12 months ago

With most cannabis companies, access to banking can be tough. Can you give us any insight as to how interest will be paid and any other banking issues? Everything I see so far looks great.

ERE E. Baltimore, MD 12 months ago

Knowledge is the power -Unity is the Strength We made it- Baltimore kidz

LaToyia R. 12 months ago Calyxem Entrepreneur

Thanks Ebony, Love that!!!

Cree R. Macomb, MI 12 months ago

We invested because 1) the touCanna team will always support women of color and 2) the Calyxem team is led by amazing women who are doing amazing things

LaToyia R. 12 months ago Calyxem Entrepreneur

Thank you Cree for your Investment!! We appreciate it!!

Tyler P. Livonia, MI 12 months ago

I invested because I believe in this cause and want to empower those who have fought for this plant

LaToyia R. 12 months ago Calyxem Entrepreneur

Thank you Tyler!!

https://mainvest.com/b/calyxem-detroit

17/30

3/14/23, 9:21 AM

Invest in Calyxem | Cannabis Business in Detroit, MI

Cassondra A. Chandler, AZ 12 months ago

This is a great investment opportunity for people who don't normally qualify to participate in private placement or sector investments. If you or a family member were affected by the War on Drugs, then you should be vested in this company as a way of not only showing support but as a way to start building an investment portfolio in cannabis! This is a small investment but I plan to invest each quarter. Thanks for this amazing opportunity!

LaToyia R. 12 months ago Calyxem Entrepreneur

Thank you for your continued support!

Santoine J. Inkster, MI 12 months ago

This is a good brand

LaToyia R. 12 months ago Calyxem Entrepreneur

Thank you so much for your investment!!

Antoine J. Romulus, MI 12 months ago

I love the brand and want to see it continue to grow

LaToyia R. 12 months ago Calyxem Entrepreneur

We truly appreciate you believing in us!

Krystal R. Eastpointe, MI 12 months ago

I invested because I believe in the commitment & ethics of this company.

LaToyia R. 12 months ago Calyxem Entrepreneur

We can't thank you enough!!

Calyxem isn't accepting investments right now, but is trying to get a sense of how they should structure their offering. You will not need to provide any money, and we won't be accepting money or selling securities, until all of its forms with the SEC and you have no obligation to ultimately invest. All investments must be done through Mainvest.com. Once the offering goes live, you'll be able to invest if you so choose.

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https://mainvest.com/b/calyxem-detroit

18/30

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Calyxeum, LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** MI

**Date of Organization:** 06-26-2020

**Physical Address:** 1284 17TH ST, DETROIT, MI, 48216

**Issuer Website:** www.calyxeum.com

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

**Intermediary Name:** MainVest, Inc.

**Intermediary CIK:** 0001746059

**Intermediary File Number:** 007-00162

### Offering Information

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

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

**Type of Security Offered:** Debt

**Price per Security:** $1.00

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

**Target Offering Amount:** $20,000.00

**Oversubscription Accepted:** Yes

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

**Maximum Offering Amount:** $61,100.00

**Deadline to Reach Target Amount:** 05-12-2023

### Annual Report Disclosure Requirements

**Current Number of Employees:** 6.00

**Total Assets (Most Recent Fiscal Year):** $95,177.00

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

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $20,177.00

**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):** $100,000.00

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

**Revenues/Sales (Most Recent Fiscal Year):** $71,466.00

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

**Cost of Goods Sold (Most Recent Fiscal Year):** $20,032.00

**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):** $28,506.00

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

**Jurisdictions Offered:**

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

### Signatures

**Issuer:** Calyxeum, LLC

**Signature:** Rebecca Colett

**Title:** Owner and CEO

---

**Signature:** Rebecca Colett

**Title:** Owner and CEO

**Date:** 03-14-2023

---

**Signature:** LaToyia Rucker

**Title:** Owner and COO

**Date:** 03-14-2023