# EDGAR Filing Document

**Accession Number:** 0001819425
**File Stem:** 0001104659-26-065035
**Filing Date:** 2026-5
**Character Count:** 822147
**Document Hash:** a06c1ab6cf296f57809da00cfc6d9d7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-065035.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001104659-26-065035

**CONFORMED SUBMISSION TYPE**: 1-A

**PUBLIC DOCUMENT COUNT**: 23

**FILED AS OF DATE**: 20260521

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Green Coffee Co Holdings, LLC
- **CENTRAL INDEX KEY:** 0001819425

**ORGANIZATION NAME:**
- **EIN:** 851027602
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 1-A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 024-12763
- **FILM NUMBER:** 261007107

**BUSINESS ADDRESS:**
- **STREET 1:** BODEGAS LA TROJA, CARRERA 54 #79AA SUR
- **STREET 2:** 40, BODEGA 147
- **CITY:** MEDELLIN, ANTIOQUIA
- **STATE:** F8
- **ZIP:** 3381ADG
- **BUSINESS PHONE:** 716 997 9074

**MAIL ADDRESS:**
- **STREET 1:** 1301 WEST 22ND ST.
- **STREET 2:** SUITE 310
- **CITY:** OAK BROOK
- **STATE:** IL
- **ZIP:** 60523

## Part

**AN OFFERING STATEMENT PURSUANT TO REGULATION A RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION. INFORMATION CONTAINED IN THIS PRELIMINARY OFFERING CIRCULAR IS SUBJECT TO COMPLETION OR AMENDMENT. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED BEFORE THE OFFERING STATEMENT FILED WITH THE COMMISSION IS QUALIFIED. THIS PRELIMINARY OFFERING CIRCULAR SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR MAY THERE BE ANY SALES OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL BEFORE REGISTRATION OR QUALIFICATION UNDER THE LAWS OF SUCH STATE. THE COMPANY MAY ELECT TO SATISFY ITS OBLIGATION TO DELIVER A FINAL OFFERING CIRCULAR BY SENDING YOU A NOTICE WITHIN TWO BUSINESS DAYS AFTER THE COMPLETION OF THE COMPANY'S SALE TO YOU THAT CONTAINS THE URL WHERE THE FINAL OFFERING CIRCULAR OR THE OFFERING STATEMENT IN WHICH SUCH FINAL OFFERING CIRCULAR WAS FILED MAY BE OBTAINED.**

**PRELIMINARY OFFERING CIRCULAR DATED MAY 21, 2026**

![](tm2614683d1_partiiimg01.jpg)

Green Coffee Company Holdings, LLC

**1301 West 22nd St. Suite 310** 

**Oak Brook, Illinois, 60523**<br> **(716) 997-9074<br> www.greencoffeecompany.com**

**UP TO 55,207,949 CLASS B COMMON INTERESTS PLUS UP TO 11,041,589 BONUS INTERESTS, FOR AN AGGREGATE OF 66,249,538 CLASS B COMMON INTERESTS**

**The minimum investment in this offering is 910 Class B Common Interests, or $1,001, plus the 3.5% transaction fee discussed below.**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Price to <br> Public** |  | **Underwriting <br> Discounts <br> and <br> Commissions(2)** | **Proceeds to <br> Company <br> Before<br> Expenses** |
| &nbsp;&nbsp;&nbsp;Price Per Class B Common Interest | $1.1000 | (1) | $0.04675 | $1.05325 |
| Price Per Class B Common Interest Plus the Transaction Fee (3) | $1.1385 |  | $0.04839 | $1.09011 |
| &nbsp;&nbsp;&nbsp;Total Maximum with the Transaction Fee | $62854249.94 |  | $2671305.62 | $60182944.31 |
| Total Maximum Including Value of Bonus Interests and the Transaction Fee (4) | $74999997.84 |  | $2671305.62 | $60182944.31 |

---

(1) The Company
 is offering up to 55,207,949 Class B Common Interests to investors, plus up to 11,041,589 Class B Common Interests
 eligible to be issued as Bonus Interests (as defined in this Offering Circular), for an aggregate of 66,249,538 Class B Common Interests,
 see "Plan of Distribution".

(2) The Company
 has engaged DealMaker Securities LLC, a FINRA/SIPC registered broker-dealer ("Broker") as broker-dealer of record, to
 perform broker-dealer administrative and compliance related functions in connection with this Offering. The Broker does not purchase
 any securities from the issuer with a view to sell those for the issuer as part of the distribution of the security. The Company
 has also engaged affiliates of Broker for associated services for this Offering. The Company has agreed to compensate Broker and
 its affiliates with one-time payments totaling $37,500, plus monthly payments of $13,000 for three months (not to exceed $39,000),
 for accountable expenses before the Offering commences. After the Offering commences, payments of $13,000 per month for account management
 not to exceed $117,000, a commission of 4.25% on the aggregate cash collected by the Company from investors in the Offering, and
 up to $1,125,000 in fees for supplementary marketing services are expected to be charged, if the Offering is fully subscribed and
 all services are utilized by the Company. The cash commissions and other fees in aggregate shall not exceed a maximum compensation
 limit for this Offering of $3,989,805.59. See "Plan of Distribution" for more details.

(3) Investors will
 be required to pay a Transaction Fee to the Company at the time of the subscription to help offset transaction costs equal to 3.5%
 of the subscription price per Class B Common Interest (the "Transaction Fee"). The Broker and its affiliates will receive
 compensation on this fee. See "Plan of Distribution" for more details.

(4) While the Company will not receive any additional consideration for the Bonus Interests issued as part of this Offering, pursuant to Rule 251(a) the total value of the Offering, as reflected here and in Part I of the Offering Statement of which this Offering Circular is part, is $74,999,997.84 composed of $62,854,249.94 of actual gross proceeds to the Company from investors (including the Transaction Fee) and the value of the Bonus Interests of $12,145,747.90. This full amount of $74,999,997.84 is the total amount the Company is offering towards its annual $75 million offering cap under Rule 251(a)(2). In the event that the Company adjusts pricing or number of Class B Common Interests being offered pursuant to Rule 253(g), the Company will ensure that the maximum amount being offered remains within the $75 million offering cap.

Bonus Interests are available to certain investors based on the criteria discussed below under "Plan of Distribution". Investors will pay full price for their securities, and if eligible, may receive Bonus Interests equal to an amount that is up to 20% of the number of Class B Common Interests purchased. Those investors not eligible for the maximum value of Bonus Interests will experience additional dilution compared to investors receiving 20% Bonus Interests.

Investors will be required to subscribe to the Offering via the platform managed by DealMaker Securities, and agree to the terms of the Offering, the subscription agreement, and any other relevant exhibit attached thereto.

This Offering does not have a minimum offering amount. The Company will not utilize a third-party escrow account for this Offering. All funds tendered by investors will be held in a segregated account until investor subscriptions are accepted by the Company and DealMaker Securities, LLC. Once investor subscriptions are accepted by the Company and by DealMaker Securities, LLC funds will be deposited into the Company's operating account.

This offering (the "Offering") will terminate at the earlier of the date at which the maximum offering amount has been sold or the date at which the offering is earlier terminated by the Company at its sole discretion. At least every 12 months after this Offering has been qualified by the United States Securities and Exchange Commission (the "Commission"), the Company will file a post-qualification amendment to include the Company's recent financial statements. The Offering covers an amount of securities that we reasonably expect to offer and sell within two years, although the offering statement of which this Offering Circular forms a part may be used for up to three years and 180 days under certain conditions. There is no minimum target for this Offering and the Company may accept investor subscriptions on a rolling basis. After each acceptance of subscriptions, funds tendered by investors will be available to the Company for its use. The Offering is being conducted on a best-efforts basis.

THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION DOES NOT PASS UPON THE MERITS OR GIVE ITS APPROVAL OF ANY SECURITIES OFFERED OR THE TERMS OF THE OFFERING, NOR DOES IT PASS UPON THE ACCURACY OR COMPLETENESS OF ANY OFFERING CIRCULAR OR OTHER SOLICITATION MATERIALS. THESE SECURITIES ARE OFFERED PURSUANT TO AN EXEMPTION FROM REGISTRATION WITH THE COMMISSION; HOWEVER, THE COMMISSION HAS NOT MADE AN INDEPENDENT DETERMINATION THAT THE SECURITIES OFFERED ARE EXEMPT FROM REGISTRATION.

GENERALLY, NO SALE MAY BE MADE TO YOU IN THIS OFFERING IF THE AGGREGATE PURCHASE PRICE YOU PAY IS MORE THAN 10% OF THE GREATER OF YOUR ANNUAL INCOME OR NET WORTH. DIFFERENT RULES APPLY TO ACCREDITED INVESTORS AND NON-NATURAL PERSONS. BEFORE MAKING ANY REPRESENTATION THAT YOUR INVESTMENT DOES NOT EXCEED APPLICABLE THRESHOLDS, WE ENCOURAGE YOU TO REVIEW RULE 251(d)(2)(i)(C) OF REGULATION A. FOR GENERAL INFORMATION ON INVESTING, WE ENCOURAGE YOU TO REFER TO www.investor.gov.

This offering is inherently risky. See "Risk Factors" on page 7.

Sales of these securities will commence on approximately ________.

The Company is following the "Offering Circular" format of disclosure under Regulation A.

**In the event that we become a reporting company under the Securities Exchange Act of 1934, we intend to take advantage of the provisions that relate to "Emerging Growth Companies" under the JOBS Act of 2012. See "Summary – Implications of Being an Emerging Growth Company."**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| [SUMMARY](#sa_001) | [4](#sa_001) |
| [RISK FACTORS](#sa_002) | [7](#sa_002) |
| [DILUTION](#sa_003) | [16](#sa_003) |
| [USE OF PROCEEDS](#sa_004) | [17](#sa_004) |
| [THE COMPANY'S BUSINESS](#sa_005) | [19](#sa_005) |
| [MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS](#sa_006) | [24](#sa_006) |
| [DIRECTORS, EXECUTIVE OFFICERS AND SIGNIFICANT EMPLOYEES](#sa_007) | [29](#sa_007) |
| [COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS](#sa_008) | [31](#sa_008) |
| [SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS](#sa_009) | [32](#sa_009) |
| [INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS](#sa_010) | [33](#sa_010) |
| [SECURITIES BEING OFFERED](#sa_011) | [34](#sa_011) |
| [PLAN OF DISTRIBUTION](#sa_012) | [37](#sa_012) |
| [ONGOING REPORTING AND SUPPLEMENTS TO THIS OFFERING CIRCULAR](#sa_013) | [41](#sa_013) |
| AUDITED FINANCIAL STATEMENTS FOR THE PERIODS ENDED DECEMBER 31, 2025 AND DECEMBER 31, 2024 | F-1 |

---

*In this Offering Circular, the terms "Green Coffee," "GCC," "we", or "the Company" refer to Green Coffee Company Holdings, LLC and its consolidated subsidiaries. The terms "GCC Coffee," "GCC Trading," GCCSAS," "Agrosura," and "GCC FTZ" refer to the Company's wholly-owned subsidiaries, GCC Coffee LLC, GCC Trading LLC, Green Coffee Company S.A.S., Agrosura S.A.S. Zomac and Green Coffee Company Zona Franca S.A.S.*, *respectively. The term "Offering" refers to the offer of Class B Common Interests offered pursuant to this Offering Circular. The Company's website is not incorporated into this Offering Circular.*

THIS OFFERING CIRCULAR MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

**SUMMARY**

*The following summary of certain information contained in this Offering Circular is not intended to be complete in itself. The summary does not provide all the information necessary for you to make an investment decision. You are encouraged to review the more detailed information in the remainder of the Offering Circular.*

**The Company**

The Green Coffee Company, headquartered in the U.S., is the largest coffee producer in Colombia and, we believe, the first at its scale to combine large-scale farming operations with downstream roasted coffee sales into developed markets. Founded in 2017, we have invested heavily in bringing the best talent and most innovative technologies to the coffee sector to grow, process, ship and sell high-quality coffees from Colombia into developed markets. We sell roasted coffee in a variety of formats including non-branded bulk product and private label coffees to wholesale buyers and foodservice customers and branded products through the Juan Valdez® coffee brand. We are the exclusive third-party providers of roasted coffee under the iconic Juan Valdez brand in the U.S. and Canada for institutional, grocery and retail customers. We have designed our operations to produce what we believe to be the perfect coffee for end buyers, fully traceable from farm to cup with an unmatched sustainability story at a competitive price.

**Offering Terms**

---

| | |
|:---|:---|
| **Securities Offered** | Up to 55,207,949 Class B Common Interests, plus up to 11,041,589 Bonus Interests, for an aggregate of 66,249,538 Class B Common Interests. |
| **Minimum Investment** | $1,001, or 910 Class B Common Interests. |
| **Class A Common Interests outstanding before the Offering** | 132499.98 |
| **Class B Common Interests outstanding before the Offering** | 5364116 |
| **Class B outstanding after the Offering (assuming a fully subscribed Offering and issuance of all Bonus Interests) (1)** | 80222351 |
| **Use of Proceeds** | We intend to use the proceeds of this Offering to repay indebtedness, pay certain market expenses of this Offering, for working capital and to finance Phase 1 of the Botón facility. See "Use of Proceeds." |
| **Risk Factors** | Investing in our securities involves risks. See "Risk Factors" and other information included in this Offering Circular for a discussion of factors you should carefully consider before deciding to invest. |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes
 issuance of 8,608,697 Class B Interests to Legacy Management Americas Corp. ("LMAC")
 to maintain a non-dilutable, permanent equity position in the Company equal to 11.5%. See
 "Interest of Management and Others in Certain Transactions."

**Selected Risks Associated with Our Business**

Our business is subject to a number of risks and uncertainties, including those highlighted in the section titled "Risk Factors" immediately following this summary. These risks include, but are not limited to, the following:

&nbsp;&nbsp;&nbsp;&nbsp;· The
 Company's business of coffee necessitates a complex organizational structure, including
 non-U.S. subsidiaries, which creates operational, regulatory, and financial risks that may
 adversely affect our business.

&nbsp;&nbsp;&nbsp;&nbsp;· If
 the Company cannot raise sufficient funds, it is unlikely to be able to meet its financial
 projections or could fail to continue as a going concern.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 expect to raise additional capital through equity and/or debt offerings to support our working
 capital requirements and growth, which could result in dilution to investors participating
 in this Offering.

&nbsp;&nbsp;&nbsp;&nbsp;· Rapid
 growth may place significant demands on the Company's management and operational resources,
 and failure by the Company to effectively manage its growth could adversely affect its business.

&nbsp;&nbsp;&nbsp;&nbsp;· Weather
 and other risks related to farming, if not appropriately managed or uncontrollable, could
 have a material adverse effect on our financial condition and results of operations **.** 

&nbsp;&nbsp;&nbsp;&nbsp;· Harvesting
 coffee is a labor-intensive activity, which challenges our ability to scale and exposes the
 Company to risks associated with obtaining workers to conduct the harvest.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are subject to Colombia-related risks such as historical macroeconomic and political uncertainty
 and changing laws and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;· Our
 business is subject to macroeconomic risks that can impact pricing and demand.

&nbsp;&nbsp;&nbsp;&nbsp;· We are subject to
 volatility in global coffee markets.

&nbsp;&nbsp;&nbsp;&nbsp;· Because
 our business is highly dependent upon a single commodity, coffee, any decrease in demand
 for coffee could materially adversely affect our revenues and profitability.

&nbsp;&nbsp;&nbsp;&nbsp;· Failure
 to meet the commercial milestones or quality requirements of our joint development agreement
 related to the Juan Valdez brand may adversely affect our financial results.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are not in compliance with certain financial covenants related to certain of our outstanding
 indebtedness, and our failure to meet these requirements could adversely affect our financial
 condition, increase our costs, and limit our operational flexibility **.** 

&nbsp;&nbsp;&nbsp;&nbsp;· A reduction
 in our access to or an increase in the cost of the third-party facilities we use to process
 coffee beans and to roast and package coffee could harm our business.

&nbsp;&nbsp;&nbsp;&nbsp;· Seasonality
 of coffee harvesting may cause significant fluctuations in our cash flows and results of
 operations.

&nbsp;&nbsp;&nbsp;&nbsp;· The
 coffee industry is highly competitive and if we cannot compete successfully, we may lose
 our customers or experience reduced sales and profitability *.* 

&nbsp;&nbsp;&nbsp;&nbsp;· We
 rely on rights to the Juan Valdez brand in the United States and Canada, but we do not control
 the Juan Valdez brand globally or the actions of other parties operating under the brand,
 and harm to the brand could adversely affect our business.

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are subject to risks related to foreign currency exchange rates .

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are subject to U.S. and international laws and regulations that could adversely affect our
 business, including anti-corruption laws and trade controls laws, and noncompliance with
 such laws could subject us to criminal or civil liability. Any failure to comply with these
 laws or regulations correctly could result in a halt in distribution of our products and
 other costs, affecting our business and profitability.

&nbsp;&nbsp;&nbsp;&nbsp;· Investors
 will have no ability to impact or otherwise influence corporate decisions of the Company **.** 

&nbsp;&nbsp;&nbsp;&nbsp;· We
 are controlled by our founders **.** 

&nbsp;&nbsp;&nbsp;&nbsp;· Your
 ability to transfer your securities may be limited.

&nbsp;&nbsp;&nbsp;&nbsp;· There
 currently is no active public market for our securities and an active trading market may
 not be developed or sustained following this Offering, which may adversely impact the market
 for our securities and make it difficult to sell your Common Interests.

**Implications of Being an Emerging Growth Company**

We are not subject to the ongoing reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act") because we are not registering our securities under the Exchange Act. Rather, we will be subject to the more limited reporting requirements under Regulation A, including the obligation to electronically file (on SEC.GOV):

· annual reports
 (including disclosure relating to our business operations for the preceding two fiscal years, or, if in existence for less than two
 years, since inception), related party transactions, beneficial ownership of the issuer's securities, executive officers and
 directors and certain executive compensation information, management's discussion and analysis ("MD&A") of
 the issuer's liquidity, capital resources, and results of operations, and two years of audited financial statements);

· semiannual reports (including
 disclosure primarily relating to the issuer's interim financial statements and MD&A); and

· current reports for certain
 material events.

In addition, at any time after completing reporting for the fiscal year in which our offering statement was qualified, if the securities of each class to which this offering statement relates are held of record by fewer than 300 persons and offers or sales are not ongoing, we may immediately suspend our ongoing reporting obligations under Regulation A.

If and when we become subject to the ongoing reporting requirements of the Exchange Act, as an issuer with less than $1.235 billion in total annual gross revenues during our last fiscal year, we will qualify as an "emerging growth company" under the Jumpstart Our Business Startups Act of 2012 (the "JOBS Act") and this status will be significant. An emerging growth company may take advantage of certain reduced reporting requirements and is relieved of certain other significant requirements that are otherwise generally applicable to public companies. In particular, as an emerging growth company we:

· will not be
 required to obtain an auditor attestation on our internal controls over financial reporting pursuant to the Sarbanes-Oxley Act of
 2002;

· will not be required to
 provide a detailed narrative disclosure discussing our compensation principles, objectives and elements and analyzing how those elements
 fit with our principles and objectives (commonly referred to as "compensation discussion and analysis");

· will not be
 required to obtain a non-binding advisory vote from our interestholders on executive compensation or golden parachute arrangements
 (commonly referred to as the "say-on-pay," "say-on-frequency" and "say-on-golden-parachute" votes);

· will be exempt from certain
 executive compensation disclosure provisions requiring a pay-for-performance graph and CEO pay ratio disclosure;

· may present only two years
 of audited financial statements and only two years of related Management's Discussion and Analysis of Financial Condition and
 Results of Operations, or MD&A; and

· will be eligible to claim
 longer phase-in periods for the adoption of new or revised financial accounting standards.

We intend to take advantage of all of these reduced reporting requirements and exemptions, including the longer phase-in periods for the adoption of new or revised financial accounting standards under Section 107 of the JOBS Act. Our election to use the phase-in periods may make it difficult to compare our financial statements to those of non-emerging growth companies and other emerging growth companies that have opted out of the phase-in periods under Section 107 of the JOBS Act.

Under the JOBS Act, we may take advantage of the above-described reduced reporting requirements and exemptions for up to five years after our initial sale of common equity pursuant to a registration statement declared effective under the Securities Act of 1933, as amended (the "Securities Act"), or such earlier time that we no longer meet the definition of an emerging growth company. Note that this Offering, while a public offering, is not a sale of common equity pursuant to a registration statement, since the offering is conducted pursuant to an exemption from the registration requirements. In this regard, the JOBS Act provides that we would cease to be an "emerging growth company" if we have more than $1.235 billion in annual revenues, have more than $700 million in market value of our common stock held by non-affiliates, or issue more than $1 billion in principal amount of non-convertible debt over a three-year period.

Certain of these reduced reporting requirements and exemptions are also available to us due to the fact that we may also qualify, once listed, as a "smaller reporting company" under the Commission's rules. For instance, smaller reporting companies are generally not required to obtain an auditor attestation on their assessment of internal control over financial reporting; are not required to provide a compensation discussion and analysis; are not required to provide a pay-for-performance graph or CEO pay ratio disclosure; and may present only two years of audited financial statements and related MD&A disclosure.

**RISK FACTORS**

The SEC requires that we identify risks that are specific to our business and financial condition. We are still subject to all the same risks that all companies in our business, and all companies in the economy, are exposed to. These include risks relating to economic downturns, political and economic events and technological developments (such as hacking and the ability to prevent hacking). You should consider general risks as well as specific risks when deciding whether to invest.

***Risks related to our Business and our Industry***

**The Company's business of coffee necessitates a complex organizational structure, including non-U.S. subsidiaries, which creates operational, regulatory, and financial risks that may adversely affect our business.** Coffee only grows in certain climate zones and environmental conditions. As such, in order to manage our coffee from farm to distribution, we are required to operate subsidiary entities organized in Colombia, which receive direction from our U.S. entities. This organizational complexity has the potential to create operational risks, such as:

&nbsp;&nbsp;&nbsp;&nbsp;· Difficulty
 in efficiently moving cash and other assets among entities without our organizational structure
 due to differing tax regimes, currencies, and applicable corporate formalities;

&nbsp;&nbsp;&nbsp;&nbsp;· Increased
 administrative burden and cost associated with maintaining corporate good standing, preparing
 and filing required governmental reports and tax returns, and ensuring ongoing compliance
 across multiple jurisdictions;

&nbsp;&nbsp;&nbsp;&nbsp;· Potential
 difficulties in enforcing rights and obligations across different legal systems.

Any of these factors could increase our operating costs, expose us to unanticipated liabilities, or impair our ability to operate our business efficiently.

**If the Company cannot raise sufficient funds, it is unlikely to be able to meet its financial projections or could fail to continue as a going concern.** The Company has experienced recurring losses from operations and, with net losses of $8,995,692 and $5,800,219 for the years ended December 31, 2025 and 2024, respectively. While the Company believes it will be able to grow revenues in future periods, even if the maximum amount is raised in the Offering, the Company is likely to need additional funds in the future in order to grow, and if it cannot raise those funds for whatever reason, including reasons relating to the Company itself or the broader economy, it may not meet its financial projections and could suffer from illiquidity that could result in a loss of your investment.

**We expect to raise additional capital through equity and/or debt offerings to support our working capital requirements and growth, which could result in dilution to investors participating in this Offering.** In order to fund working capital and future growth and development, including for Phases 2 and 3 of the Botón facility (See "The Company's Business – Botón Project"), the Company will likely need to raise additional funds in the future by offering common or preferred equity interests and/or other classes of equity or debt that convert into common or preferred interests, any of which offerings could dilute the ownership percentage of investors in this Offering. See "Dilution." Furthermore, if the Company raises debt, the holders of the debt would have priority over holders of common and preferred equity interests. We cannot assure you that the necessary funds will be available on a timely basis, on favorable terms, or at all, or that such funds, if raised, would be sufficient or not senior to your interests in the Company. The level and timing of future expenditures will depend on a number of factors, many of which are outside our control. If we cannot obtain additional capital on acceptable terms, or at all, we may be forced to curtail or abandon our growth plans, which could adversely impact the Company, our business, development, financial condition, operating results or prospects.

**Rapid growth may place significant demands on the Company's management and operational resources, and failure by the Company to effectively manage its growth could adversely affect its business.** We have experienced, and may continue to experience, periods of rapid growth and expansion in our operations, which have placed, and may continue to place, significant demands on the Company's management, operational, financial, and administrative resources. Our ability to successfully manage our growth will depend on a number of factors, including our ability to expand our operational, financial, and management systems and controls, recruit and retain qualified personnel, and effectively manage our evolving business operations.

As our business grows, we may encounter difficulties in maintaining quality and efficiency of our operations. Rapid growth could strain our infrastructure, including our information technology systems, internal controls, and reporting systems, and may increase the complexity of our business. In addition, as we expand our operations, we may need to hire, train, and manage a larger workforce, which could place additional pressure on our management team and may divert management's attention from other strategic priorities.

Our continued growth may also require significant expenditures and the allocation of additional financial and operational resources. We may not be able to scale our systems, processes, and infrastructure at a pace sufficient to support our growth, and our attempts to do so may not be successful. If our management team is unable to effectively manage our growth and expansion, our business operations could become inefficient, and our service quality and customer satisfaction could suffer. Furthermore, rapid growth may make it more difficult to maintain effective internal controls and compliance procedures, particularly as we expand our operations and workforce.

If we are unable to effectively manage our growth, expand our operational capabilities, and maintain adequate internal controls and operational efficiency, our business, financial condition, results of operations, and prospects could be materially and adversely affected.

**A global economic recession, government closures of banks and liquidity concerns at other financial institutions, or other downturn may have a material adverse impact on our business, prospects, results of operations and financial condition.** A global economic recession or other downturn, whether due to inflation, global conflicts or other geopolitical events, public health crises, interest rate increases or other policy actions by major central banks, government closures of banks and liquidity concerns at other financial institutions, or other factors, may have an adverse impact on our business, prospects, financial condition and results of operations. Adverse economic conditions as well as uncertainty about the current and future global economic conditions can negatively impact demand and pricing for the Company's products and can increase the price of its raw materials and other operational requirements. As a result, our revenue could be adversely affected. In addition, any economic recession or other downturn could also cause logistical challenges and other operational risks if any of our customers, suppliers, sub-suppliers or partners become insolvent or are otherwise unable to continue their operations, fulfill their obligations to us, or meet our future demand. In addition, the deterioration of conditions in global credit markets may limit our ability to obtain external financing to continue with our plans to grow.

**Weather and other risks related to farming, if not appropriately managed or uncontrollable, could have a material adverse effect on our financial condition and results of operations.** There are numerous industry specific risks that occur principally at the farm level when undergoing coffee production businesses in Colombia such as, but not limited to: (a) underperforming farm assets, (b) weather changes or anomalies, risks related to climate change, including, but not limited to, ill-timed or catastrophic single weather events or series of events, droughts, heavy rains, landslides, plagues or infestations and (c) personnel issues. Production levels are subject to variations, the causes of which are in many cases outside of our reasonable control or are not readily foreseeable. Further, we may not be able to effectively respond to conditions identified here due to the geographic dispersion of our farms across Colombia. In the case where harvests and productions vary and particularly decrease, such instances could have an adverse effect on our financial condition and results of operations.

**Harvesting coffee is a labor-intensive activity, which challenges our ability to scale and exposes the Company to risks associated with obtaining workers to conduct the harvest.** We are dependent on the availability of a large, seasonal agricultural workforce during critical harvest windows across our farms. To obtain the labor we require, we compete with other agricultural producers and industries, and labor availability may be constrained by factors outside our control, including regional employment conditions, demographic shifts, adverse weather that compresses harvest timelines, and competition from other crops or industries offering higher wages or more stable employment. If we are not able to effectively manage our workforce requirements, we may not have a sufficient number of workers to efficiently complete a harvest, or may be required to pay higher wages to compete for labor. Any of the foregoing factors could have a material adverse effect on our business, financial condition, and results of operations.

**We are subject to Colombia-related risks such as historical macroeconomic and political uncertainty and changing laws and regulations.** A large portion of our assets and operations are located in Colombia. Accordingly, our financial condition and results of operations depend to a significant extent on macroeconomic and political conditions prevailing from time to time in Colombia. If the perception of improved overall security in Colombia deteriorates or actually deteriorates or if the investment climate worsens, the Colombian economy may face lower growth rates than expected, which could negatively affect our financial condition and results of operations. Furthermore, the market price of our securities and our ability to operate may be adversely affected by changes in governmental policies, particularly those affecting economic growth, relations with other countries and those with which we do business, labor, exchange rates, interest rates, tariffs, inflation and taxes. Colombia has historically experienced periods of civil unrest, violence, and security-related challenges. Although conditions have improved in many regions over time, political, social, or security developments could adversely affect economic conditions, transportation, supply chains, agricultural operations, or our general business activity in the country, which could negatively impact our operations and financial results.

**Your investment is subject to concentration risk given our focus in the Colombian coffee sector.** Our current strategic intent is to limit our farming investments to the coffee industry and its byproducts in Colombia. The Company may invest a significant amount of its total assets in this sector of the economy, which may be subject to specific risks, like changes in governmental regulation and policy and changes in market sentiment and export controls. This lack of diversification could increase the risk of your investment.

**Our business is subject to macroeconomic risks that can impact pricing and demand.** The current global economic and political climate is one of uncertainty, particularly in light of global conflicts and tariff wars. Such factors have exacerbated volatility in the financial and commodity markets and can cause consumer, corporate, and financial confidence to weaken, increasing the risk of a "self-reinforcing" economic downturn and causing increases in product costs and pricing without matching or decreasing demand for goods. The availability of credit for businesses, including credit used to acquire businesses, continues to be restricted and faces rising costs because of responses to these crises and other factors undertaken by global central banks. This may have an adverse effect on the economy generally and on the ability of the Company and its underlying investments to execute their respective strategies and to receive an attractive multiple of earnings on any disposition of their businesses in the future. A climate of uncertainty may reduce the availability of potential investment opportunities and increase the difficulty of modeling market conditions, including global commodity markets, potentially reducing the accuracy of financial projections.

**We are subject to volatility in global coffee markets.** Over recent years, coffee prices have experienced extreme periods of volatility that are challenging to control or entirely protect against. Such volatility creates uncertain market conditions for coffee buyers and producers. Additionally, record high coffee prices can impact consumer demand or cause them to seek alternative, lower-priced options. We are unable to control these market swings despite our farming model since labor costs often fluctuate with market changes, impacting our overall cost of goods, and, in some cases, we also have to purchase coffee on the open market to meet demand or fulfill obligations and such coffee is subject to then-existing market conditions. If we are unable to manage such activities effectively or if we are required to purchase a substantial amount of coffee on the open market, we could see a negative impact on our financial condition and results of operations.

**Because our business is highly dependent upon a single commodity, coffee, any decrease in demand for coffee could materially adversely affect our revenues and profitability.** Our business is centered on essentially one commodity: coffee. Our revenues have primarily focused on the following areas of the coffee industry:

· the roasting,
 packaging and distribution of bulk, private label, wholesale and foodservice coffee;

· the roasting, packaging
 and distribution of branded coffee; and

· the sale of wholesale green
 coffee.

Demand for our products is affected by:

· consumer tastes
 and preferences;

· global economic conditions;

· demographic trends; and

· the type, number and location
 of competing products.

Because we rely on a single commodity, any decrease in demand for coffee would harm our business more than if we had more diversified product offerings and could materially adversely affect our revenues and operating results.

**Failure to meet the commercial milestones or quality requirements of our joint development agreement related to the Juan Valdez brand may adversely affect our financial results.** In May 2024, the Company entered into a Joint Development Agreement with Promotora de Café Colombia S.A. ("Procafecol") under which Procafecol has granted the Company the exclusive rights to use and develop the Juan Valdez brand in the United States and Canada for retail and institutional sales channels for roasted coffee products (the "Juan Valdez Agreement"). Our growth strategy in the United States and Canada relies on the Juan Valdez Agreement and involves a number of conditions, including with respect to product quality standards and commercialization. The agreement also requires us to achieve sales volumes. If we fail to meet the quality benchmarks or sales targets or otherwise comply with the terms of the agreement, we may face loss of exclusivity, or termination of the agreement. Such events could hinder our ability to grow our roasted coffee business, and lead to a material adverse effect on our business, cash flow, and financial condition.

**We are not in compliance with certain financial covenants related to certain of our outstanding indebtedness, and our failure to meet these requirements could adversely affect our financial condition, increase our costs, and limit our operational flexibility.** Our credit facility with BBVA Colombia contains, and our future indebtedness may contain, restrictive covenants that require us to maintain specified financial ratios and tests, including a covenant that we maintain a certain ratio of debt to EBITDA and debt service coverage ratio. We are currently out of compliance with these covenants, resulting in a technical default under our loan agreement. As a result of this covenant failure, our interest rate on the loan has increased by 25 basis points to IBR + 3.892% effective in 2025, increasing our interest expense and decreasing our net income and we could be subject to further 25 basis point increases until we regain compliance with such covenants. We are in discussions with our lenders regarding a waiver or amendment. There can be no assurance that our lenders will grant a waiver or that we will be able to renegotiate these terms on favorable terms. The existence of a covenant violation restricts our ability to borrow additional funds, or pay dividends, which could hinder our growth strategy and reduce our financial flexibility. If our operating performance does not improve to meet the required covenant compliance, we may be forced to seek alternative financing, sell assets, or restructure our debt, any of which could have a material adverse effect on our business, financial condition, and results of operations.

**Equipment upgrades, equipment failures, and facility damage may lead to production curtailments or shutdowns.** Coffee processing requires specialized equipment to convert harvested cherries into green coffee beans, including pulpers, fermentation tanks, washing channels, and drying beds. Our facilities are subject to equipment failures and the risk of catastrophic loss due to unanticipated events such as mechanical failures, fires, earthquakes, accidents, or violent weather conditions. While we carry insurance, our insurance coverage may be unavailable or insufficient to protect us against losses in the case of future events. In addition, insurance may not continue to be available in the future on acceptable terms or at acceptable costs. Interruptions in our processing and production capabilities and shutdowns resulting from unanticipated events also could disrupt customer and supplier relationships and could have a material adverse effect on our financial condition, results of operations, and cash flows.

**A reduction in our access to or an increase in the cost of the third-party facilities we use to process coffee beans and to roast and package coffee could harm our business**. We depend on third-party arrangements with dry mills in Colombia to process green coffee and with toll roasting and packaging partners in the United States to finalize the product creation for all roasted coffee products, which means we rely on production capacity at several third-party facilities to bring our products to market. These processing steps are essential to transforming coffee into sale-ready product that meets the quality specifications required by our customers. Our ability to utilize these facilities may be limited by several factors outside our control, including, among others, increased processing costs, restricted access or elevated rental costs, damage to the facilities or temporary or permanent shutdown for hygienic, mechanical, regulatory or other reasons. The inability to use these or alternative facilities, or to quickly find alternative facilities, at reasonable prices or at all, could increase our costs or reduce the amounts we produce, which could reduce our sales and earnings. Moreover, these partners, primarily in the U.S., serve as fulfillment partners for orders from our clients and their failure to execute on orders in a timely manner and at the quality required by our customers could have a material adverse effect on our reputation and results of operations.

We may also have limited visibility into the quality control practices, environmental compliance, and labor standards of our third-party processors. Failure by a processor to maintain adequate quality controls could result in contamination, adulteration, or misgrading of our coffee, leading to customer claims, reputational harm, or rejection of shipments. If a processor is found to be engaged in practices that violate applicable environmental, labor, or export regulations, we could face regulatory scrutiny, loss of certifications, or reputational damage by association, even if we were not directly involved in or aware of the noncompliant conduct.

Moreover, without full control over these facilities and providers, they may prioritize their own processing needs or provide facility space and services to competitors at a price above what we are willing to pay, which could force us to locate new facilities. Our agreements with third-party processors, where formal agreements exist, may be short-term, terminable on limited notice, or subject to renewal at pricing or on terms that are less favorable to us than our current arrangements. The reliance on these third parties varies according to the type of production activity. As production increases, we must increasingly rely upon these third-party production facilities. Reliance on third parties will also vary with annual harvest volumes.

We may not be able to identify suitable alternative dry mills or roasters/packagers in a timely manner if an existing relationship is terminated or becomes unavailable, particularly in remote growing regions where processing infrastructure is limited. Any failure to secure adequate processing capacity, or any material deterioration in the quality, timeliness, or reliability of third-party processing services, could have a material adverse effect on our inventory, customer relationships, revenues, and results of operations.

**Seasonality of coffee harvesting may cause significant fluctuations in our cash flows and results of operations.** Our business is subject to significant seasonal fluctuations tied to the annual coffee harvest cycle (typically between September and January), which may result in material variability in our cash flows, revenues, and liquidity from quarter to quarter. Coffee cherries ripen and are harvested during concentrated windows and must be processed in a wet mill within 48 hours to avoid spoilage. As a result, the timing of our procurement costs, processing expenditures, inventory build, and corresponding revenues may not align uniformly across fiscal periods.

During pre-harvest and active harvest periods, we are required to commit substantial working capital to tend to our farms, hire pickers, purchase green coffee, fund wet and dry milling operations, finance logistics and warehousing, and in some cases advance payments to local farmers or cooperative partners. These expenditures are concentrated in nature and must often be funded before meaningful product sales or collections occur (typically during the late fourth quarter into the first quarter of the next fiscal year), creating periods of elevated cash outflow that may strain our liquidity. We may be required to draw on credit facilities, seek additional financing, or curtail operations if adequate working capital is unavailable at the time it is needed.

Conversely, following harvest and processing, we may experience periods of elevated inventory that expose us to price risk, spoilage, storage costs, and currency fluctuation before inventory is converted to receivables and ultimately collected. Our revenues in any given quarter may not be indicative of our annual performance, and investors should not rely on the results of any single fiscal period as a predictor of our full-year financial results.

We cannot guarantee that we will have sufficient liquidity to meet our obligations during peak procurement periods, particularly if harvests are delayed, if commodity prices increase unexpectedly, or if our access to credit is limited or unavailable on acceptable terms. Adverse weather events, crop disease such as coffee leaf rust, or other supply disruptions could compress or shift harvest windows, exacerbate cash flow mismatches, or reduce the volume of available supply relative to our advance commitments, any of which could have a material adverse effect on our business, financial condition, and results of operations.

**The Company's insurance may not be sufficient.** We cannot assure you that the Company's insurance is sufficient to cover the full extent of all of its losses or liabilities for which it is insured. Further, insurance policies expire, in some cases, annually, and the Company cannot guarantee that it will be able to renew insurance policies on favorable terms, or at all. If the Company's insurance coverage is not adequate, or it becomes subject to damages that cannot by law be insured against, such as punitive damages or certain intentional misconduct by their employees, this could adversely affect the Company's financial condition or results of operations.

**The coffee industry is highly competitive and if we cannot compete successfully, we may lose our customers or experience reduced sales and profitability*.*** The U.S. and Canadian coffee markets in which we do business are highly competitive and have low barriers to entry. Competition in these markets could become increasingly more intense due to the increasing popularity and growth of the coffee industry. The industry in which we compete is particularly sensitive to price pressure, as well as quality, reputation and viability for wholesale clients and brand loyalty for retail customers. To the extent that one or more of our competitors becomes more successful with respect to any key competitive factor, our ability to attract and retain customers could be materially adversely affected. Our private label and branded coffee products compete with other manufacturers of private label coffee and branded coffees. These competitors, such as Kraft Foods, Inc. (owner of the Maxwell House brand), and J.M. Smucker Co. (owner of the Folgers and Café Bustelo brands), have much greater financial, marketing, distribution, management and other resources than we do for marketing, promotions and geographic and market expansion. In addition, there are a growing number of other specialty coffee companies who provide specialty green coffee and roasted coffee for retail sale. If we are unable to compete successfully against existing and new competitors, we may lose our customers or experience reduced sales and profitability.

**We rely on rights to the Juan Valdez brand in the United States and Canada, but we do not control the Juan Valdez brand globally or the actions of other parties operating under the brand, and harm to the brand could adversely affect our business.**

We rely on rights to the Juan Valdez brand in the United States and Canada pursuant to the Juan Valdez Agreement with Procafecol, the owner and manager of the Juan Valdez brand. Although we hold certain rights relating to the commercialization of Juan Valdez products in the United States and Canada, we do not own or control the Juan Valdez brand generally, nor do we control all activities conducted under the brand by Procafecol, its affiliates, franchisees, licensees, distributors, coffee shop operators, or other third parties.

Procafecol manages the broader Juan Valdez brand strategy, including coffee shop operations, global branding initiatives, marketing activities, and relationships with other operators and franchisees. Actions taken by Procafecol or other third parties using the Juan Valdez brand, including operational issues, reputational events, product quality concerns, customer service failures, regulatory issues, litigation, public controversies, or inconsistent brand positioning, could negatively affect consumer perception of the Juan Valdez brand.

Any damage to the reputation, value, or consumer recognition of the Juan Valdez brand, regardless of whether caused by us or by third parties outside of our control, could adversely affect demand for our products, our relationships with customers and distributors, and our business, financial condition, and results of operations.

**Adverse public or medical opinions about caffeine may harm our business.** Coffee contains caffeine and other active compounds, the health effects of some of which are not fully understood. A number of research studies conclude or suggest that excessive consumption of caffeine may lead to increased heart rate, nausea and vomiting, restlessness and anxiety, depression, headaches, tremors, sleeplessness and other adverse health effects. An unfavorable report on the health effects of caffeine or other compounds present in coffee could significantly reduce the demand for coffee, which could harm our business and reduce our sales and profits. In addition, we could become subject to litigation relating to the existence of such compounds in our coffee; litigation that could be costly and could divert management attention.

**We are subject to risks related to foreign currency exchange rates** **.** Fluctuations in the exchange rate between the Colombian Peso (COP) and the U.S. Dollar can significantly impact our reported financial results. Because we hold substantial assets and generate a portion of our revenues in COP but state our consolidated financial statements in U.S. Dollars, any depreciation of the COP against the U.S. Dollar directly reduces our reported revenue and asset values. While exchange rate movements do not necessarily alter our local-currency cash flows or operational health, they can create substantial volatility in our overall profitability, earnings per share, and the perceived value of our assets when translated into U.S. Dollars. We do not use derivative instruments to reduce our exposure to foreign currency risk.

**We are subject to U.S. and international laws and regulations that could adversely affect our business, including anti-corruption laws and trade controls laws, and noncompliance with such laws could subject us to criminal or civil liability. Any failure to comply with these laws or regulations correctly could result in a temporary halt in distribution of our products and other costs, affecting our business and profitability.** We are subject to various federal, state, local and foreign laws that affect how we conduct our business, including the manufacturing, safety, sourcing, labeling, storing, transportation, marketing, advertising, distribution and sale of our products, our relations with distributors and retailers, and our employment, environmental, privacy, health and trade practices. These laws and regulations and interpretations thereof are subject to change as a result of political, economic or social events. Any new laws and regulations or changes in existing laws or their interpretations, changes in international tax treaties or international trade policy, or the imposition of increased or new tariffs, quotas or trade barriers on key commodities, could result in increased compliance costs, capital expenditures, incremental investments and other financial obligations for us and our business partners, which could affect our profitability.

Our international business exposes us to additional regulatory regimes, such as the U.S. Foreign Corrupt Practices Act (FCPA), and other anti-corruption laws as well as trade control laws such as economic sanctions, customs and import laws, and export control laws and regulations. We have activities in jurisdictions that are perceived to present heightened risks of public corruption, and our operations in foreign countries may place us in contact with persons who may be considered "foreign officials" under the FCPA, resulting in greater risk of potential violations of the FCPA (or other applicable public corruption regimes). As we increase our international sales and business, our risks of non-compliance with the FCPA, other applicable anti-corruption or anti-bribery laws, and applicable trade control laws may increase. Although we have implemented policies and procedures designed to ensure that we, our employees and our intermediaries comply with these laws, there is no assurance that such policies or procedures will prevent illegal acts by our employees or intermediaries, or protect us against liability under the FCPA, other anti-corruption regimes, or trade sanctions laws.

Furthermore, there are an increasing number of state and local regulations in the United States related to, among other things, beverage packaging, labeling requirements, container deposits, recycling or beverage taxes. We anticipate more states to adopt similar legislation or regulations, requiring us to continuously monitor various state laws to ensure compliance.

Violations of these laws or regulations could have a material adverse effect on us, by imposing substantial financial penalties, significant operational limitations and reputational harm, diverting management's attention and resources and incurring significant defense costs and other professional fees. Investigations of potential violations of these laws by local, state, federal or foreign authorities could also harm our reputation and have an adverse impact on our business, financial condition and results of operations.

***Risks Related to our Securities and this Offering***

**Any valuation of the Company at this stage is difficult to assess.** The valuation for the Offering was established by the Company. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess, and you may risk overpaying for your investment.

**Investors in this Offering should not expect the Company's net tangible book value to be available for the benefit of holders of the Interests**. As of December 31, 2025, the Company had an estimated net tangible book value of approximately $89.5 million. However, the Company has previously issued Class A shares to investors who have contributed an aggregate of approximately $118.4 million in capital and who are entitled to a cumulative preferred return that, as of the date of this Offering, totals approximately $20.8 million. As a result, the aggregate capital contributed by, and accrued preferred return owed to, the existing Class A investors substantially exceeds the Company's current net tangible book value.

Accordingly, if the Company were liquidated or otherwise required to satisfy the rights and preferences of the existing Class A investors based solely on current book value, substantially all or all of the Company's net tangible assets, including increases thereto as a result of this Offering, could be consumed by the liquidation and preferred return rights associated with such Class A shares, leaving little or no residual net tangible book value attributable to holders of the securities offered hereby.

Prospective investors should understand that the value of the securities offered in this Offering is highly dependent on the Company's ability to grow its operations, increase enterprise value, generate future profitability and cash flow, and achieve liquidity events at valuations substantially above current book value. Investors should not rely on current net tangible book value as an indicator of the value that may ultimately be realized from an investment in the Company.

**Investors will have no ability to impact or otherwise influence corporate decisions of the Company.** The subscription agreement that investors will execute in connection with this Offering grants an irrevocable power-of-attorney to Legacy Management Americas Corp. ("LMAC") to vote their Class B Common Interests. The Company's founders and Co-CEOs, Cole Shephard and Adam Jason, control LMAC through their ownership of Legacy Group Panama Consulting, S.A., the parent company of LMAC. Thus, investors will never be able to vote upon any matters of the Company. As such, investors will not have any influence over matters requiring member approval, including the election of directors or managers and approval of significant Company transactions, nor the Company's management and policies. Those with voting rights could use their voting influence to maintain the Company's existing management even in the case of underperformance, delay or prevent changes in control of the Company, issue additional securities that may dilute you, repurchase securities of the Company, enter into transactions with related parties or support or reject other management and board proposals.

**We are controlled by our founders.** In addition to the power-of-attorney contained in the subscription agreement, all previous investors in the Company's securities have granted a power-of-attorney to LMAC. As a result, the Company's founders and Co-CEOs, who control LMAC, control and will continue to control the Company after the Offering.

**The rights of the securities in this Offering are determined by the Company's Operating Agreement.** The rights of investors in Delaware limited liability companies are set by the terms of the applicable operating agreement. While the Delaware Limited Liability Company Act (the "Delaware LLC Act") contains certain default rules, those may be displaced by a company's operating agreement. Here, the Company has set out the terms of its Class B Common Interests in the Operating Agreement. This includes the terms of the economic rights associated with the Class B Common Interests, as well as investors' rights as equity holders. For instance, the Company's Operating Agreement restricts the right to inspect the books and records of the Company only to those investors or groups of investors holding a 25% interest or greater in the Company. Investors should carefully examine the rights of the securities as provided by the Operating Agreement as they may not be able to rely on any default statutory rules if they disagree with how the Company is being managed.

**Your ability to transfer your securities may be limited*.*** Under the Operating Agreement, holders of Class B Common Interests may not sell, assign, transfer, pledge, encumber, mortgage, grant a security interest in or otherwise dispose of all or any of its interest in or withdraw from an investment in the Company absent the prior written consent of the Board. The Operating Agreement also contains a right of first offer, which obligates a holder of Class B Common Interests that seeks to transfers its Common Interests to offer the right to purchase to the Company, LMAC and other holders of Common Interests, in that order, prior to any sale to a third party. In addition, the Operating Agreement and the subscription agreement that investors will enter into contains a "market stand-off" provision applicable to the Class B Common Interests in the event of an initial public offering, which may limit or delay an investor's ability to transfer those interests for a period of time surrounding such an offering. See "Securities Being Offered" for further information.

**There currently is no active public market for our securities and an active trading market may not be developed or sustained following this Offering, which may adversely impact the market for our securities and make it difficult to sell your Common Interests**. There is no formal marketplace for the resale of our securities. Although the Company's goal is to apply in the future for quotation of its securities on an over-the-counter market, or similar, exchange, there are a number of requirements that the Company may or may not be able to satisfy in a timely manner. Even if we obtain that quotation or a listing, we do not know the extent to which investor interest will lead to the development and maintenance of a liquid trading market. Investors should assume that they may not be able to liquidate their investment for some time or be able to pledge their securities as collateral. Over-the-counter markets have from time-to-time experienced significant price and volume fluctuations. As a result, the market price of our securities (if any market were to develop) may be similarly volatile, and holders of our securities may from time to time experience a decrease in the value of their Common Interests, including decreases unrelated to our operating performance or prospects. The price of our Common Interests could be subject to wide fluctuations in response to a number of factors, including those listed in this "Risk Factors" section of this Offering Circular.

**There is no requirement for the Company to pay distributions on Class B Common Interests.** The Company is not required to pay distributions on its Class B Common Interests. Unlike holders of the Class A Common Interests, who are entitled to an annual 6% preferred and cumulative investment return on their investments, the Class B Common Interests do not have a similar requirement. Holders of Class B Common Interests will receive distributions only if LMAC, as asset manager, in its sole discretion causes the Company to make distributions and dividends of cash, securities and other property to the holders of Common Interests, and only after the Company has satisfied its obligations to the Class A Common Interests. Accordingly, it is possible that you may never receive distributions on your securities. See "Securities Being Offered – Common Interests — Distributions."

**The exclusive forum provision in the subscription agreements may have the effect of limiting an investor's ability to bring legal action against us and could limit an investor's ability to obtain a favorable judicial forum for disputes.** The subscription agreement for this Offering includes an exclusive forum provision for certain lawsuits pursuant to the subscription agreement; see "Securities Being Offered – Forum Selection Provisions." The forum for these lawsuits will be the Court of Chancery in the State of Delaware for all actions not arising under federal securities laws. For actions arising under the Securities Act, the Federal Courts of the United States will have exclusive jurisdiction.

Any person or entity purchasing or otherwise acquiring or holding any interest in any of our securities will be deemed to have notice of and consented to our exclusive forum provisions, including the federal forum provision. These provisions may limit our interestholders' ability to bring a claim in a judicial forum they find favorable for disputes with us or our directors, officers, or other employees, which may discourage lawsuits against us and our directors, officers, and other employees. Alternatively, if a court were to find the choice of forum provision contained in our subscription agreement to be inapplicable or unenforceable in an action, we may incur additional costs associated with resolving such action in other jurisdictions, which could harm our business, operating results, and financial condition.

**Investors in this Offering may not be entitled to a jury trial with respect to claims arising under the subscription agreement, which could result in less favorable outcomes to the plaintiff(s) in any action under the agreements.** Investors in this Offering will be bound by the subscription agreement, which includes a provision under which investors waive the right to a jury trial of any claim they may have against the Company arising out of or relating to the subscription agreement, including any claim under the federal securities laws.

If we opposed a jury trial demand based on the waiver, a court would determine whether the waiver was enforceable based on the facts and circumstances of that case in accordance with the applicable state and federal law. To our knowledge, the enforceability of a contractual pre-dispute jury trial waiver in connection with claims arising under the federal securities laws has not been finally adjudicated by a federal court. However, we believe that a contractual pre-dispute jury trial waiver provision is generally enforceable, including under the laws of the State of Delaware, which governs the subscription agreement. In determining whether to enforce a contractual pre-dispute jury trial waiver provision, courts will generally consider whether the visibility of the jury trial waiver provision within the agreement is sufficiently prominent such that a party knowingly, intelligently and voluntarily waived the right to a jury trial. We believe that this is the case with respect to the subscription agreement. You should consult legal counsel regarding the jury waiver provision before entering into the subscription agreement.

If you bring a claim against the Company in connection with matters arising under the subscription agreement, including claims under federal securities laws, you may not be entitled to a jury trial with respect to those claims, which may have the effect of limiting and discouraging lawsuits against the Company. If a lawsuit is brought against the Company under the subscription agreement, it may be heard only by a judge or justice of the applicable trial court, which would be conducted according to different civil procedures and may result in different outcomes than a trial by jury would have had, including results that could be less favorable to the plaintiff(s) in such an action.

Nevertheless, if this jury trial waiver provision is not permitted by applicable law, an action could proceed under the terms of the subscription agreement with a jury trial. No condition, stipulation or provision of the subscription agreement serves as a waiver by any holder of common interests or by us of compliance with any substantive provision of the federal securities laws and the rules and regulations promulgated under those laws.

In addition, when our Class B Common Interests are transferred, the transferee is required to agree to all the same conditions, obligations and restrictions applicable to those securities or to the transferor with regard to ownership of those securities, that were in effect immediately prior to the transfer of the Class B Common Interests, including but not limited to the subscription agreement. This may further limit any potential ability to transfer interests acquired in this Offering.

**The Offering price has been set by the Company's management.** The Company has set the price of its Class B Common Interests and developed an incentive plan (including the issuance of Bonus Interests) based on its own internal analysis. Valuations for companies like GCC are purely speculative. Our valuation has not been validated by any independent third party and may fall precipitously. It is a question of whether you, the investor, are willing to pay this price for a percentage ownership of this company. You should not invest if you disagree with this valuation.

**We are offering Bonus Interests, which is effectively a discount on** **the price of our common interests, to some investors who purchase the Class B Common Interests in this Offering.** Certain investors who purchase Class B Common Interests in this Offering are entitled to receive additional Class B Common Interests (the "Bonus Interests") that effectively provide a discount on price based on the amount invested, until the qualified Bonus Interests are exhausted. The number of Bonus Interests will be determined by the amount of money they invest in this Offering, having been a prior investor and the timing of investment. An investor in our Offering may be able to receive a maximum of 20% Bonus Interests. Bonus Interests will effectively act as a discount to the price at which the Company is offering its securities. For more details, including all of the Bonus Interests being offered, see "Plan of Distribution -- Bonus Interests". Therefore, the value of Class B Common Interests of investors who pay the full price in this Offering will be immediately diluted by investments made by investors entitled to the discount, who will effectively pay less for the same stake in the Company.

**Your investment could be illiquid for a long time.** You should be prepared to hold this investment for several years or longer. While there are no restrictions on the resale of the securities being offered pursuant to this Offering under Regulation A, there is no established market for these securities and there may never be one. As a result, if you decide to sell these securities in the future, you may not be able to find a buyer and you may not be able to resell the securities at the price you paid for them.

**There is no assurance that a liquidity event will occur**. While the Company may pursue a strategic transaction, including an initial public offering, merger, acquisition, or other sale of the Company, there can be no assurance that any such transaction will occur, or, if it does occur, that it will be on terms favorable to the Company or its interestholders. The occurrence, timing, and terms of any liquidity event depend on a number of factors outside of the Company's control, including market conditions, industry trends, investor sentiment, regulatory developments, and the performance of the Company's business. Interestholders should not assume that a liquidity event will take place, or that they will receive any return on their investment through such a transaction or that they would even receive back the amounts they have invested in the Company. In the absence of a liquidity event, interestholders may be required to hold their investment for an indefinite period of time and may have limited ability to liquidate their interests.

**Investors in this Offering may experience dilution following the purchase of their Class B Common Interests and also will have their rights subordinated to other holders of common and preferred interests.** The Company expects to continue to finance its business through further issuances of equity securities that could be dilutive to investors who choose not to or are unable to participate in additional financings. Additionally, investors in this Offering will hold securities that are effectively subordinated to the Class A Common Interests of the Company with respect to preferential hurdle rates and a return of invested capital prior to receiving a distribution in the case of dividends or other distributions. The Company also has the rights to issue additional senior securities such as debt securities, preferred interests and senior common interests that could rank senior to the Class B Common Interests in order of priority in the case of distributions or liquidation preferences. The Company also utilizes equity to compensate key personnel that, as it continues to vest and is redeemed, could have a dilutive effect on the investors in this Offering. See "Dilution."

**Using a credit card to purchase interests may impact the return on your investment as well as subject you to other risks inherent in this form of payment.** Investors in this Offering have the option of paying for their investment with a credit card, which is not usual in the traditional investment markets. Transaction fees charged by your credit card company (which can reach 5% of transaction value if considered a cash advance) and interest charged on unpaid card balances (which can reach almost 25% in some states) add to the effective purchase price of the interests you buy. See "Plan of Distribution." The cost of using a credit card may also increase if you do not make the minimum monthly card payments and incur late fees. Using a credit card is a relatively new form of payment for securities and will subject you to other risks inherent in this form of payment, including that, if you fail to make credit card payments (*e.g*., minimum monthly payments), you risk damaging your credit score and payment by credit card may be more susceptible to abuse than other forms of payment. Moreover, where a third-party payment processor is used, as in this Offering, your recovery options in the case of disputes may be limited. The increased costs due to transaction fees and interest may reduce the return on your investment.

The Commission's Office of Investor Education and Advocacy issued an Investor Alert dated February 14, 2018 entitled: Credit Cards and Investments – A Risky Combination, which explains these and other risks you may want to consider before using a credit card to pay for your investment.

**The Transaction Fee of 3.5% may not count toward your cost basis for tax purposes.** The IRS and/or another relevant tax authority may consider the price of the interests before including the Investor Transaction Fee as the cost basis for determining any gain or loss at a realization event. You should discuss with your tax advisor the appropriate way to determine the relevant tax obligation.

**DILUTION**

Dilution means a reduction in value, control or earnings of the shares the investor owns.

**Immediate Dilution**

An early-stage company typically sells its equity (or grants options over its equity) to its founders and early employees at a very low cash cost, because they are, in effect, putting their "sweat equity" into the company. When the Company seeks cash investments from outside investors, like you, the new investors typically pay a much larger sum for their securities than the founders or earlier investors, which means that the cash value of your stake is diluted because each security of the same type is worth the same amount, and you paid more for your securities than earlier investors did for theirs.

The Company is required to disclose any material disparity between the public offering price and the effective cash cost to officers, directors, promoters, and affiliated persons for shares acquired by them, or which they have the right to acquire, during the past year.

During the twelve months preceding the date of this Offering Circular, officers, directors, promoters, and persons affiliated with the Company:

&nbsp;&nbsp;&nbsp;&nbsp;· purchased
 Class A Common Interests for aggregate cash consideration of $3,672,694, at a post-money
 valuation based on the current number of common interests of the company outstanding of approximately
 $145 million; and

&nbsp;&nbsp;&nbsp;&nbsp;· were
 granted options to acquire 3,134 Class A Common Interests at an exercise price of $1,200
 per share, which approximated the fair market value of the Company at the time of grant and
 corresponded to a Company valuation of approximately $160 million.

The Class B Common Interests offered hereby are being sold at $1.10 per share, which correspond to a pre-money valuation of **$**363.4 million. Investors meeting certain investment thresholds may also receive bonus Class B Common Interests at no additional cost, as described under "Plan of Distribution," which would reduce the effective price per interest for such investors.

The minimum investment in this Offering is $1,001, compared to minimum investments of $100,000 generally required in the Company's prior private placements of Class A Common Interests with the difference in valuations and terms largely a result of the minimum investment amount and sweat equity contributions required to participate.

**Future Dilution**

Another important way of looking at dilution is the dilution that happens due to future actions by the Company. The investor's stake in a company could be diluted due to the Company issuing additional interests, whether as part of a capital-raising event, or issued as compensation to the Company's employees or marketing partners. In other words, when the Company issues more interests, the percentage of the Company that you own will go down, even though the value of the Company may go up. You will own a smaller piece of a larger Company. This increase in the number of interests outstanding could result from an interest offering (such as an initial public offering, another crowdfunding round, a venture capital round, angel investment), employees exercising options, or by conversion of certain instruments (e.g. convertible bonds, preferred shares or warrants) into interests.

If the Company decides to issue more interests, an investor could experience value dilution, with each interest being worth less than before, and control dilution, with the total percentage an investor owns being less than before. There may also be earnings dilution, with a reduction in the amount earned per share, which typically occurs only if the company offers dividends.

The type of dilution that hurts early-stage investors most occurs when the company sells more interests in a "down round," meaning at a lower valuation than in earlier offerings. An example of how this might occur is as follows (numbers are for illustrative purposes only):

· In June 2024,
 Jane invests $20,000 for interests that represent 2% of a company valued at $1 million.

· In December,
 the company is doing very well and sells $5 million in interests to venture capitalists on a valuation (before the new investment)
 of $10 million. Jane now owns only 1.3% of the company, but her stake is worth $200,000.

· In June 2025,
 the company has run into serious problems, and in order to stay afloat, it raises $1 million at a valuation of only $2 million (the
 "down round"). Jane now owns only 0.89% of the company, and her stake is worth only $26,660.

If you are making an investment expecting to own a certain percentage of the Company or expecting each interest to hold a certain amount of value, it's important to realize how the value of those interests can decrease by actions taken by the Company. Dilution can make drastic changes to the value of each interest, ownership percentage, voting control, and earnings per share. In some cases, dilution can also completely wipe out the value of investments made by early investors, without any person being at fault.

Investors should understand how dilution works and the lack of availability of anti-dilution protection.

**USE OF PROCEEDS**

The table below sets forth our estimated use of proceeds from this Offering assuming we sell 55,207,949 Class B Interests for cash consideration. The net proceeds from the total maximum offering amount are expected to be approximately $59,870,444, after the payment of offering costs (including legal, printing, selling and other costs incurred in the Offering). Our estimated offering costs include an expected $2,671,306 in underwriting compensation to DealMaker Securities LLC and affiliates. The estimate of the budget for offering costs is an estimate only and the actual offering costs may differ.

We intend to use the net proceeds of the Offering as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Service and repay indebtedness;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Marketing expenses for the Offering;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Working capital to pay operating expenses, build up inventory, farm our coffee and cover accounts receivable in order to manage the significantly longer sales cycle for roasted coffee sales to, among others, retailers, distributors and wholesale clients in the U.S. and Canada when compared to green coffee sales in Colombia sold on a commodity trading basis; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Finance Phase 1 of our Botón facility. See "The Company's Business -- Botón Project."

The Company has prioritized debt repayment and marketing expenses for the Offering because it believes it currently has sufficient capital on hand, together with access to additional sources of funding, to meet its near-term working capital needs without reliance on the proceeds of this Offering. At lower subscription levels, working capital and the Botón facility will be deferred or funded from other sources.

The following table represents management's best estimate of the uses of the net proceeds, assuming the sale of, respectively, 25%, 50%, 75% and 100% of the maximum offering amount.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **25% of Max Offering** | **50% of Max Offering** | **75% of Max Offering** | **100% of Max Offering** |
| Net Proceeds(1) | $14733236 | $29778972 | $44824708 | $59870444 |
| Debt Repayment and Interest (2) | $11165423 | $12603022 | $12603022 | $12603022 |
| Projected Marketing Expenses (3) | $3567813 | $6072874 | $9109312 | $12145749 |
| Working Capital | $-- | $11103076 | $14163600 | $26172899 |
| Botón Facility Phase 1 | $-- | $-- | $8948774 | $8948774 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Includes proceeds received from the collection of the Transaction Fee.

(2) The Company has a senior secured credit facility with BBVA in an aggregate outstanding principal amount of approximately $8.4 million as of December 31, 2025. The loan was entered into on January 9, 2024 and matures on October 1, 2034. The facility bears interest at a variable annual rate equal to Colombia's Overnight Interbank Rate ("IBR") plus 3.892% and requires semi-annual principal and interest payments. Approximately $1.1 million of principal and approximately $481,000 of interest are expected to become payable through June 30, 2027 that we expect to repay with the net proceeds of this Offering.

The Company also maintains two working capital facilities with BBVA entered into on October 1, 2024. The first facility had an outstanding balance of approximately $1.6 million as of December 31, 2025, matures on October 1, 2026, bears interest at IBR plus 3.31%, and requires semi-annual payments. The outstanding balance of principal and approximately $90,000 of interest are expected to become payable through June 30, 2027. The second facility had an outstanding balance of approximately $527,000 as of December 31, 2025, matures on October 1, 2026, bears interest at IBR plus 1.62%, and also requires semi-annual payments. The outstanding balance of principal and approximately $29,000 of interest are expected to become payable through June 30, 2027, which we also expect to repay using the net proceeds of this Offering.

In addition, the Company has entered into a loan agreement that has two disbursements with Instituto para el Desarrollo de Antioquia ("IDEA"). The first disbursement was received on March 25, 2026, has an outstanding balance of approximately $6.7 million, matures on March 25, 2028, bears interest at IBR plus 3.5%, and requires quarterly interest payments and annual principal payments. Approximately $3.4 million of principal and approximately $788,000 of interest are expected to become payable through June 30, 2027 that we expect to repay using the net proceeds of this Offering. Proceeds from this indebtedness continue to be used for working capital related to the Company's proprietary coffee operations and coffee purchasing programs from third-party farmers operating near the Company's areas of operation.

The second IDEA disbursement is expected to be issued on July 1, 2026, with an expected balance of approximately $2.9 million, matures on July 1, 2028, bears interest at IBR plus 3.5%, and requires quarterly interest payments and annual principal payments. Approximately $1.5 million of principal and approximately $502,010 of interest are expected to become payable through June 30, 2027 that we expect to repay using the net proceeds of this Offering. We also expect to use the proceeds from this indebtedness for working capital related to the Company's proprietary coffee operations and coffee purchasing programs from third-party farmers operating near the Company's areas of operation.

The Company also has seller-financing obligations associated with certain farm acquisitions. As of December 31, 2025, approximately $1.3 million remained outstanding under obligations owed to one previous farm owner, entered into on December 16, 2021 and maturing on December 31, 2026, and approximately $1.3 million remained outstanding under obligations owed to a second previous farm owner, entered into on July 11, 2022 and maturing on December 31, 2026, both of which we expect to pay using the net proceeds of this Offering. These obligations do not bear interest and have varied payment schedules.

As of December 31, 2025, aggregate principal repayments expected to become payable through June 30, 2027 under the indebtedness described above were approximately $10.7 million, with approximately $1.9 million of associated interest obligations. In the event of any shortfall in proceeds from this Offering available to repay indebtedness, the Company expects that the seller-financing obligations would be the first to be renegotiated.

&nbsp;&nbsp;&nbsp;&nbsp;(3) Includes marketing and advertising expenses related to the Offering, including potential payments to an affiliate of the Broker for marketing expenses for the Offering. The actual amounts to be paid for marketing expenses are not entirely determinable at this time. Total amounts paid to the Broker or affiliates of the Broker in connection with this Offering, including underwriting and commissions and marketing expenses, will not exceed $3,989,805.59 (see "Plan of Distribution" for more information).

Because the Offering is being conducted on a "best efforts" basis, we may close the Offering without sufficient funds for all the intended purposes set out above, or even to cover the costs of this Offering.

**The Company reserves the right to change the above use of proceeds if management believes it is in the best interests of the Company.**

**THE COMPANY'S BUSINESS**

**Overview**

The Green Coffee Company, headquartered in the U.S., is the largest coffee producer in Colombia and, we believe, the first at its scale to combine large-scale farming operations with downstream roasted coffee sales into developed markets. Founded in 2017, we have invested heavily in bringing the best talent and most innovative technologies to the coffee sector to grow, process, ship and sell high-quality coffees from Colombia into developed markets. We sell roasted coffee in a variety of formats including non-branded bulk product and private label coffees to wholesale buyers and foodservice customers and branded products through the Juan Valdez® coffee brand. We are the exclusive third-party providers of roasted coffee under the iconic Juan Valdez brand in the U.S. and Canada for institutional, grocery and retail customers. We have designed our operations to produce what we believe to be the perfect coffee for end buyers, fully traceable from farm to cup with an unmatched sustainability story at a competitive price.

The Company grows, sources, processes, exports and manages product creation for roasted coffee in developed markets (primarily the U.S. and Canada). Its operations can roughly be split between the two countries in which it currently maintains its teams: the United States (leadership, strategy, roasted coffee sales and logistics) and Colombia (farming, back-office accounting and legal, trading and supply chain).

GCC has spent the past eight years building its unique farming and sourcing model to have a scalable platform to execute on its core business model: produce, process, export, roast, package and sell high-quality, fully-traceable roasted coffee at scale with all high-demand certifications in place into the U.S. and Canada. With its core team in place and back-end systems established, the Company is moving significant volumes of coffee through its supply chain efficiently as both green coffee and as roasted coffee finished product with 2025 sales of over $25 million.

The Company was originally formed on June 13, 2017, as Green Coffee Company Inc., under the Limited Liability Company Law No. 4 of the Republic of Panama. On May 5, 2020, Green Coffee Company Inc. was converted from a Panamanian company to a Delaware limited liability company and changed its name to Green Coffee Company Holdings, LLC. GCC has three wholly-owned subsidiaries, GCC Coffee LLC, a Delaware limited liability company, Green Coffee Company S.A.S., incorporated in Colombia, and GCC Trading LLC, a Delaware limited liability company. GCCSAS owns Agrosura S.A.S. Zomac, and Green Coffee Company Zona Franca S.A.S., which are both incorporated in Colombia. The Company's corporate office is located at 1301 West 22nd St. Suite 310**,** Oak Brook, Illinois, 60523 and its telephone number is 716-997-9074.

**Principal Products** 

The Company primarily sells roasted coffee in the U.S. and Canada that it produces or sources in Colombia. We sell the coffee we produce and source in a variety of formats:

&nbsp;&nbsp;&nbsp;&nbsp;· Roasted
 coffee: The Company sells:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Directly
 to consumers via various ecommerce channels under the Juan Valdez brand:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Wholesale
 to distributors and retail establishments such as grocery store chains in bulk and under
 private labels and the Juan Valdez brand who then sell the product to their customers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Wholesale
 to foodservice establishments such as hotels and cafes in bulk, under private labels and
 under the Juan Valdez brand who then offer the coffee to their patrons.

&nbsp;&nbsp;&nbsp;&nbsp;· Coffee-derived
 products: The Company produces and sells coffee-derived products such as ready-to-drink coffee,
 bag-in-a-box concentrate, pods and instant coffee for sale through a similar omnichannel
 approach.

&nbsp;&nbsp;&nbsp;&nbsp;· Coffee
 byproducts: More than half of a coffee cherry's weight consists of materials other
 than the actual coffee bean. Historically in the industry, all that material has been simply
 discarded in most cases. The Company has begun to sell the "waste" byproducts
 of coffee production (cherry skin layer and sugary fruit liquid known as "mucilage")
 in order to derive value from everything we produce and process. We executed the first sales
 of the mucilage in 2025 and are reviewing the sale of biochar produced from the cherry skin
 layer in 2026. Initially, we are selling these products in Colombia while we source large
 scale offloads primarily in developed markets.

&nbsp;&nbsp;&nbsp;&nbsp;· Commodity:
 The Company sells unroasted coffee beans, primarily in Colombia. In the past, we sold a majority
 of our coffee to large importers and exporters within Colombia. However, going forward, this
 will become a less material portion of our business as more volume shifts downstream to our
 U.S. and Canada roasted coffee sales channels.

**Production Process**

***Coffee***

 ****

In Colombia, GCC owns and operates 45 farms with approximately 10 million coffee trees. The Company manages the farms incorporating a regenerative agricultural agronomic strategy and to ensure compliance with rigorous environmental and social certifications that increase the value of the end coffee. In addition to its proprietary production, GCC purchases coffee cherries and coffee parchment from farmers around its operations. Through these channels, our goal is to provide buyers with direct access to fresh, 100% traceable Colombian coffee at scale. In 2024, we purchased 40 million pounds of coffee cherries and produced 33 million pounds on our farms. Using its world-class infrastructure, GCC believes it is able to yield materially more coffee per kilo harvested compared to traditional coffee processing.

Once the coffee cherries are harvested, the Company processes them into parchment, or unprocessed green coffee, in its two wet mills located in two processing hubs in Colombia. The Company sells approximately 20% of its parchment in Colombia. The remaining parchment is milled into green coffee for domestic sales or international export by removing the parchment layer in dry mills. The Company rents dry milling capacity or contracts with third parties to process the parchment.

 ****

***Roasted Coffee and Coffee-derived Products***

In the United States, GCC works with toll roasting and packaging partners to finalize the product creation for all roasted coffee products. GCC then markets and sells its coffee either as wholesale and/or private label coffee in foodservice such as restaurants and lodging or as a branded product under the Juan Valdez brand. For the foodservice business, the Company works directly or through distributors, to provide clients like hotels and restaurants with coffee in the format and quality specifications requested. For branded products, GCC has the exclusive third-party rights to sell roasted coffee under the Juan Valdez brand in the United States and Canada in retail and institutional channels. In March of 2025, the Company formally began its broad-based strategy to relaunch the Juan Valdez brand in the United States, working with brokers and distributors to place Juan Valdez in grocery stores and other retail locations across the country in a variety of formats. The Company manages the Juanvaldezcafestore.com site and the sales listings on retailer sites (e.g., Walmart.com, Target.com) for the brand as well. The Company also contracts with a number of third parties to produce private label and Juan Valdez-branded ready-to-drink coffees, concentrates, pods and instant coffees that it sells through these same channels.

Our operations in the U.S. depend on third parties for manufacturing and fulfillment. We have partnered with a toll roasting partner that manufactures all of our bagged coffee and pod offerings and have also contracted with separate providers for our ready-to-drink, concentrates and cold beverage offerings. We warehouse our products and fulfill orders primarily through our distributor partners and our 3PL warehouse and logistics operations from South Carolina and California.

GCC, through its own name and the Juan Valdez brand, is, we believe, uniquely suited to capture rising consumer trends towards premiumization, traceability and story behind the coffees that they consume.

**Industry**

In 2025, Colombia was the third largest producer of coffee after Brazil and Vietnam, producing 1.75 billion pounds of coffee, representing 8% of total global coffee production. Production in Colombia is very fragmented, with approximately 95% of farms managing 10 acres or less. The first stage of processing is typically performed by farmers on their farms with rudimentary infrastructure, with the semi-processed coffee then sold to cooperatives or traders. The coffee is then processed further into green coffee (i.e. the commodity), which is then exported and sold to roasters.

**Market**

The coffee market is quite large. On the demand side, definitions vary, but the global coffee market was about $256 billion in 2025, with the U.S. making up over 20% of the market share. For "single origin" coffees in the U.S., Colombia dominates, representing approximately 70% of all single origin coffee sales, or approximately $1 billion in just retail roasted coffee sales (such as bagged coffee in the grocery store).

**Botón Project**

The Company's goal over the next few years is to reach major sales milestones in roasted coffee sales through wholesale clients and the Juan Valdez brand. By taking an omni-channel approach, effectively distributing Colombia's most popular brand, and combining it with GCC's unique story, the Company seeks to have its products start defining the Colombian coffee category in the U.S. and Canada. In Colombia, GCC plans to build the largest consolidated coffee processing facility in the country in the next few years to meet the expected demand signals in the U.S. and Canada.

We intend to use a portion of the net proceeds of the Offering to construct a new consolidated processing facility (the "Botón facility"), which is GCC's next major infrastructure investment. The site is expected to house a fully consolidated coffee processing facility designed to support long-term growth, improve margins and unlock new revenue streams. It will be GCC's third and largest operational hub, addressing future potential capacity bottlenecks, de-risking the business and enabling utilization of the byproducts of coffee production.

This project is planned by GCC management to occur in two phases. The first phase is expected to be completed with the net proceeds of this Offering. The second phase is expected to begin between the fourth quarter of 2027 and the first quarter of 2028, in line with expected growth of the Company's U.S. roasted sales channel, which will necessitate raising additional capital.

 **

***Rationale***

 **

In the coming years, the Company believes it will be able to achieve rapid growth in its U.S. sales efforts, with demand expecting to outpace current processing capacity by 2028, causing potential operational bottlenecks, pressure on margins, and a damaging of its 100% traceable story. The Botón facility will house three key components of coffee processing:

---

| | |
|:---|:---|
| &nbsp;&nbsp;**Facility Type** | &nbsp;&nbsp;**Purpose** |
| &nbsp;&nbsp;**Dry Mill (Phase 1)** | &nbsp;&nbsp;Coffee parchment is hulled and sorted into various levels of quality, producing "green coffee." Green coffee or unroasted coffee is what is sold on commodity markets, and is the form in which the Company exports its coffee to its U.S. operations. |
| &nbsp;&nbsp;**Wet Mill (Phase 2)** | &nbsp;&nbsp;Raw coffee cherries are converted into un-milled coffee known as "parchment." The coffee is washed, sorted, depulped, fermented and dried. |
| &nbsp;&nbsp;**Coffee Cherry Distillery (Phase 2)** | &nbsp;&nbsp;Coffee processing at scale produces significant amounts of cherry skin and fruity liquid that would require enormous waste processing facilities to dispose of to comply with regulations. Instead, our R&D team has developed a number of solutions that would lower costs and generate profits through a variety of offload channels. The most promising product is the creation of ethanol. Over the past three years, the Company has designed a proprietary distilling process for coffee cherries using its pilot distillery, which we expect to be scaled up to a large facility as part of the Botón project. |

---

 ****

***Project Scope and Phasing***

The facility is designed as a modular, multi-phase buildout. In 2025, the Company secured a free trade zone status for the site for tax advantaged construction and ongoing operations. All permitting to enable the site to be constructed and operate are either on-going or completed. Once the Company receives the capital required to begin each phase, construction can begin quickly. Each phase is described in the table below:

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Phase** | &nbsp;&nbsp;**Summary** | &nbsp;&nbsp;**Rationale** |
| &nbsp;&nbsp;**1.** | &nbsp;&nbsp;Dry mill and site prep ($8.9 million budget) | &nbsp;&nbsp;The Company currently rents dry milling space from third party providers, but these facilities are out of date, separated from the rest of the Company's operations, and the risk of increased pricing / unavailability is always present. This infrastructure build-out enables the Company to begin operating as a free trade zone in order to receive improved tax treatment. |
| &nbsp;&nbsp;**2.** | &nbsp;&nbsp;Wet mill (estimated $12.2 million future budget) | &nbsp;&nbsp;One of the Company's competitive advantages lies in its ability to purchase and process coffee as raw cherries, which are processed at its wet mills. Purchasing coffee in this form helps maintain margins, quality and the Company's "100% traceable" story that is a key value proposition to buyers. This is the next bottleneck as the Company continues scaling, and an additional facility is expected to be required to meet demand in the U.S. in the coming years. |
| &nbsp;&nbsp;**2.** | &nbsp;&nbsp;Coffee cherry distillery (estimated $13.9 million future budget) | &nbsp;&nbsp;Coffee processing at scale produces significant amounts of cherry skin and fruity liquid that would require enormous waste processing facilities to dispose of to comply with regulations. Instead, our R&D team has developed a number of solutions that would lower costs and generate profits through a variety of offload channels. The most promising product is the creation of ethanol. Over the past three years, the Company has designed a proprietary distilling process for coffee cherries using its pilot distillery, which will be scaled up to a large facility. |

---

 ****

 ****

***Strategic impact:***

We expect the Botón facility will have the following key impacts on the Company's business:

&nbsp;&nbsp;&nbsp;&nbsp;· Unlock
 capacity that matches the Company's anticipated production requirements in the U.S.
 for roasted coffee demand

&nbsp;&nbsp;&nbsp;&nbsp;· Improve
 margins through further vertical integration, state-of-the-art infrastructure and tax optimization

&nbsp;&nbsp;&nbsp;&nbsp;· De-risk
 operations by reducing third-party dependence within its supply chain

&nbsp;&nbsp;&nbsp;&nbsp;· Create
 an expected new high-margin revenue stream through byproduct monetization

&nbsp;&nbsp;&nbsp;&nbsp;· Strengthen
 the Company's position as an innovation-driven coffee platform, directly supporting
 the U.S. expansion efforts

**Competition**

To our knowledge, there are no other coffee companies with the same business model as GCC that operate at any meaningful scale. However, the Company does compete at certain stages of the coffee value chain. In Colombia, GCC must compete with coffee traders who purchase coffee from large farmers and coops in order to ensure an adequate capacity of coffee for their international trading business. We believe GCC's unique cherry buying program to purchase coffee as cherries in their initial fruit form, rather than coffee parchment, helps create a competitive advantage for the Company.

In the roasted coffee business, GCC competes with roasted coffee companies and branded coffee products for customer and consumer attention. The Company also competes with alternative beverage options to coffee such as energy drinks and other caffeinated and non-caffeine-based beverages. GCC aims to differentiate itself through its one-of-a-kind farm to cup story and through the brand power of the Juan Valdez brand.

**Employees**

The Company currently has 299 full-time employees. During harvest season, the Company may deploy over 1,000 coffee pickers on any given day depending on coffee production volumes, who are typically paid on a daily basis depending on the amount of coffee beans picked.

**Regulation and Certifications**

***Regulation***

 ****

As a seller of coffee and coffee-derived products, we are subject to extensive regulation. We seek to ensure that our third-party partners in the United States comply with the Good Manufacturing Practices promulgated by the Food and Drug Administration (FDA) and meet all requirements under the Food Safety Modernization Act (FSMA) and applicable state regulations. We are also subject to labeling and packaging requirements in the U.S. and Canada for which we have implemented compliance programs. Further, we are subject to regulations related to the import of products into the U.S. and Canada for which we manage compliance internally and through our third-party partners.

Additionally, our Colombian operations must comply with, among others, various Colombian labor, environmental, and human rights legislation and regulations.

We also maintain a corporate compliance program intended to promote ethical business practices. This program includes employee training on topics such as the Foreign Corrupt Practices Act (FCPA) to support compliance with applicable laws and to provide a mechanism for raising concerns.

***Certifications***

 ****

We have the following certifications for our coffee: Rainforest Alliance, Fair Trade, Non-GMO, Carbon Positive, C.A.F.E. Practices (for suppliers to Starbucks), Raiz (for McDonald's), and EU Deforestation Regulation due diligence verification. All of these include site visits, aggressive audits, and constant updates. We have partnered with groups like the World Wildlife Fund and the International Labor Organization on a number of different initiatives, and we are members of the Council for American Enterprises in Colombia, alongside companies like Coca-Cola and Chevron.

**Intellectual Property**

The Company currently holds a trademark on its logo. It does not hold any patents.

In May 2024, the Company entered into the Juan Valdez Agreement with Procafecol under which Procafecol has granted the Company exclusive rights to use and develop the Juan Valdez brand in the United States and Canada for retail and institutional sales channels for roasted coffee products. Procafecol is a Colombian corporation licensed to use the Juan Valdez brand and trademarks by the Federación Nacional de Cafeteros de Colombia (Colombian Coffee Federation or FNC), which granted Procafecol rights of use to the Juan Valdez brand and trademarks, which Procafecol may sublicense, subject to certain conditions. Among the conditions required under the Joint Development Agreement, the Company must use 100% Colombian green coffee in any products that use the brand and must meet, among others, requirements with respect to roasting, traceability, quality, marketing, distribution, packaging and use of the trademarks. Under the Juan Valdez Agreement, the Company pays an annual commission based on gross sales of the Juan Valdez branded products in the United States and Canada. In addition, the Company committed to allocate and reinvest annually at least a sum equal to 5% of the prior year's gross sales in brand awareness, marketing and advertising of Juan Valdez branded products.

The Juan Valdez Agreement has a 10-year term and may be extended or renewed for an additional 10-year period, subject to certain terms and conditions.

**Litigation**

From time to time, the Company may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. Litigation is subject to inherent uncertainties, and an adverse result in such matters may arise from time to time that may harm the Company's business. The Company is currently subject to threatened arbitration in the United States and ongoing litigation in Colombia brought by one of its trading counterparties, in which the counterparty is asserting claims of breach of contract and both actual and consequential damages of up to approximately $3 million. The Company is disputing these claims and has asserted counterclaims for approximately $1 million in the Colombian litigation. The Company believes that a substantial portion of the damages asserted by the counterparty are consequential in nature and are not recoverable under the applicable agreements and governing law. Based on the information currently available, the Company does not presently believe that the ultimate resolution of these matters is likely to have a material adverse effect on its financial condition, although no assurance can be given as to the outcome of such proceedings.

**Property**

The Company leases its corporate office in Oak Brook, Illinois. The lease commenced on May 1, 2025, and has a term of 66 months. It provides for an initial annual base rent of $77,880, increasing over the course of the lease to an annual base rent of $88.992.50.

The Company owns approximately 10,000 acres of coffee farmland and accompanying housing, roads and coffee infrastructure in Colombia. The Company owns its corporate office in Medellin. The Company owns and leases vehicles in its truck fleet.

**MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS**

*The following discussion of our financial condition and results of operations for the years ended December 31, 2025 and December 31, 2024 should be read in conjunction with our consolidated financial statements and the related notes included in this Offering Circular. The following discussion may contain forward-looking statements that reflect our plans, estimates, and beliefs. Our actual results could differ materially from those discussed in the forward-looking statements*.

**Overview**

The Green Coffee Company, headquartered in the U.S., is the largest coffee producer in Colombia and, we believe, the first at its scale to combine large-scale farming operations with downstream roasted coffee sales into developed markets. Founded in 2017, we have invested heavily in bringing the best talent and most innovative technologies to the coffee sector to grow, process, ship and sell high-quality coffees from Colombia into developed markets. We sell roasted coffee in a variety of formats including non-branded bulk product and private label coffees to wholesale buyers and foodservice customers and branded products through the Juan Valdez® coffee brand. We are the exclusive third-party providers of roasted coffee under the iconic Juan Valdez brand in the U.S. and Canada for institutional, grocery and retail customers. We have designed our operations to produce what we believe to be the perfect coffee for end buyers, fully traceable from farm to cup with an unmatched sustainability story at a competitive price.

The Company has had periods of losses on a net income basis as it continues to aggressively scale its operations and manage fluctuating market conditions. The losses in 2025, in addition to challenging market conditions for coffee, resulted primarily from increased upfront investment in team, systems, marketing and personnel to position the Company for its next growth phase and by downtime at certain of our mills and processing facilities as discussed further below. Additionally, during 2025, the Company strategically renovated more of its productive farmland for two reasons. First, the expectations of Colombia's 2025 harvest were low across the country, so it was determined to be an advantageous time to receive a lower harvest now in order to position the farms well for taking advantage of favorable harvest conditions in the future. Second, the decision enabled the Company to prepare the farms for the upcoming expected increase in demand for its roasted coffee sales in the U.S. These agronomical decisions limited production volumes, and, therefore, revenues for the year, in line with the Company's expectations. However, with young trees now entering their productive cycle, the decisions taken in 2025, we believe, position the Company well for increased production in 2026 and into the future. Lastly, tighter cost controls and the Company's transition to roasted coffee sales resulted in significantly improved gross margins in 2025 compared to negative gross margins in 2024.

The Company's net sales consist of payments received for roasted coffee and coffee-derived products, parchment, green coffee and coffee byproducts. Cost of sales consists of green coffee input costs, in the case of green and roasted coffee and coffee-derived products, and, in the case of roasted coffee, also includes logistics from Colombia to the United States, roasting and packaging costs and outbound logistics to customers. Costs also include royalty, broker commissions and variable marketing costs associated with the products sold under the Juan Valdez Agreement.

**Operating Results**

***Year Ended December 31, 2025 Compared with the Year Ended December 31, 2024***

*Net Sales*

For the year ended December 31, 2025, our net revenues decreased by $8,377,829 or 24.4%, to $25,904,754, down from $34,282,583 for the year ended December 31, 2024. The decrease was primarily due to the expectations for the 2025 harvest being low across Colombia and at our farms. In that environment, the Company made a strategic decision to limit production volumes in order to focus on positioning farms for favorable harvest conditions in the future. In addition, we purchased less coffee cherries from other farmers than in 2024 to be used in our coffee trading operations while we established hedging programs for coffee trading and, in addition, as a result of capital constraints.

*Cost of sales*

Cost of sales decreased 37.2% from $37,842,051 for the year ended December 31, 2024 to $23,762,007 for the year ended December 31, 2025. Cost of sales was higher in 2024 primarily because the Company had to unwind unprofitable commodity coffee trades that it could not hedge, processed lower quality coffee in its mills that resulted in sales below contracted prices and suffered from processing backups at its mills that resulted in product degradation.

*Gross profit (loss) and margin*

The Company had a gross profit of $2,142,747 for the year ended December 31, 2025, an increase of $5,702,215 from the gross loss of $3,559,468 in the prior year. In 2025, the Company was able to sell more and better-quality roasted coffee at higher margins, which resulted in a gross margin of 8.2% compared to a negative gross margin of 10.4% in the prior year.

*Operating gains and expenses*

*<u>Change in fair value of biological assets</u>*

 

The Company measures its biological assets (primarily coffee trees) at fair value based on third-party valuations on an annual basis. The fair value is accounted for as a gain or loss in the consolidated statements of operations and comprehensive income under applicable accounting principles. Change in fair value of biological assets decreased $3,108,607, from $7,864,388 for the year ended December 31, 2024 to $4,755,781 for the year ended December 31, 2025 as a result of a lower determined increase in the fair market value of such assets.

The fair value of the biological assets are determined by independent third-party valuations on an annual basis in line with U.S. GAAP requirements. They calculate the expected value of the projected production that will come from the coffee trees based over the course of their useful life. As trees across the Company's productive lots enter their productive cycles, age, and then enter periods of renovation, their value will fluctuate, which will be reflected as a gain or a loss in the Company's financial statements.

*<u>General and administrative</u>*

General and administrative expenses primarily consist of team salaries, idle capacity at our facilities, marketing expenses, partnership fees, professional fees, utilities and rent.

General and administrative expenses of $10,913,992 for the year ended December 31, 2025, increased $5,856,737 or 115.8%, compared to $5,057,255 in the prior year. This increase was driven primarily by an increase in idle capacity at our facilities due to lower production volumes associated with the Company's strategic efforts to improve operations and redirect portions of its coffee production and purchasing activities toward more profitable sales channels and offload opportunities and increases in the Company's U.S. based expenses (primarily salaries, marketing and sponsorships, and professional fees for new U.S. services required such as brokers) as the Company executes its expansion plan.

*<u>Depreciation and amortization</u>*

Depreciation and amortization increased from $1,381,330 in the year ended December 31, 2024, to $2,121,748 in 2025, or 53.6%, as a result of investments in more machinery and equipment installed at the Company's processing facilities and infrastructure under construction entering its useful life in 2025.

*<u>Other operating income</u>* 

The Company generates other operating income primarily from other agricultural products produced on our farmland, transport services and social services provided by the Company's Sustainability Team and paid for by government organizations. Other operating income for the year ended December 31, 2025 was $835,494 compared to $504,570 in the prior year.

*Other expenses*

Other expenses primarily consist of bank fees and other transaction expenses. Other operating expenses declined from $158,947 in the year ended December 31, 2024 to $122,864 in the year ended December 31, 2025 primarily as a result of lower transaction volume.

 

*Net loss*

As a result of the foregoing, the net loss of the Company increased by $3,195,473 for the year ended December 31, 2025, to $8,995,692, from $5,800,219 in same period last year.

***Liquidity and Capital Resources***

As of December 31, 2025, the Company's cash on hand was $1,003,825. The Company has historically funded itself primarily through the issuance of equity and through bank loans and seller financing loans. The Company's cash position fluctuates seasonally as it moves through the harvest period. There is typically a drawdown of cash over the first three quarters as the Company prepares for the harvest, then a large cash influx during the end of the fourth quarter of its fiscal year and the beginning of the first quarter of its fiscal year in the post-harvest period as inventory is sold. During the first quarter of 2026, the Company has financed over $11 million through both debt and equity capital to increase its cash position for 2026.

The Company had significant capital expenditures over the past few years as it built out its infrastructure and farmland assets. All material aspects of this development have now been completed, and significant capital expenditures are not required for ongoing near-term operations. The Company is planning for an additional capital expenditure of $35 million within the next two years related to the construction of the Botón facility. See above "The Company's Business – Botón Project – Project Scope and Phasing."

*Indebtedness*

In January 2024, the Company entered into a senior secured credit facility for $8,448,972 with BBVA Colombia to finance seller financing payments and working capital needs. The loan bears interest at Colombia's Overnight Interbank Rate ("IBR"), a Colombian short-term interest rate, plus 3.892%. The loan matures on October 1, 2034. The loan is secured by certain of our farming assets. At December 31, 2025, $8,448,972 in principal plus accrued interest remained outstanding. Our credit facility with BBVA Colombia contains restrictive covenants that require us to maintain specified financial ratios and tests, including a covenant that we maintain a certain ratio of debt to EBITDA and debt service coverage ratio. For purposes of this loan, EBITDA is defined as (a) operating profit, plus (b) the expense for depreciation of fixed or capital assets (provided that the depreciation is included within cost of sales, administrative expenses, and selling expenses), plus (c) the expense for operational amortizations for a given period (provided that the amortization is included within cost of sales, administrative expenses, and selling expenses). We are not currently in compliance with these financial covenants. As a result of this covenant failure, our interest rate on the loan has increased by 25 basis points from its original interest rate to IBR + 3.892%, increasing our interest expense and decreasing our net income. Approximately $1.1 million of principal and approximately $481,000 of interest are expected to become payable through June 30, 2027 that we expect to repay with the net proceeds of this Offering.

The Company also maintains two working capital facilities with BBVA entered into on October 1, 2024. The first facility had an outstanding balance of approximately $1.6 million as of December 31, 2025, matures on October 1, 2026, bears interest at IBR plus 3.31%, and requires semi-annual payments. The outstanding balance of principal and approximately $90,000 of interest are expected to become payable through June 30, 2027. The second facility had an outstanding balance of approximately $527,000 as of December 31, 2025, matures on October 1, 2026, bears interest at IBR plus 1.62%, and also requires semi-annual payments. The outstanding balance of principal and approximately $29,000 of interest are expected to become payable through June 30, 2027, which we also expect to repay using the net proceeds of this Offering.

In the first quarter of 2026, the Company closed on a senior lien financing line with Instituto para el Desarrollo de Antioquia ("IDEA"), a Colombian development bank, of approximately $10.0 million ($35.9 billion Colombian pesos) with an interest rate of IBR + 3.5%. The first disbursement was received on March 25, 2026, has an outstanding balance of approximately $6.7 million and matures on March 25, 2028. Interest payments are made quarterly and principal payments will be made on a yearly basis. Proceeds from this indebtedness continue to be used for working capital related to the Company's proprietary coffee operations and coffee purchasing programs from third-party farmers operating near the Company's areas of operation. Approximately $3.4 million of principal and approximately $788,000 of interest are expected to become payable through June 30, 2027 that we expect to repay using the net proceeds of this Offering.

The second IDEA disbursement is expected to be issued on July 1, 2026, with an expected balance of approximately $2.9 million, matures on July 1, 2028, also bears interest at IBR plus 3.5%, and requires quarterly interest payments and annual principal payments. Approximately $1.5 million of principal and approximately $502,010 of interest are expected to become payable through June 30, 2027 that we expect to repay using the net proceeds of this Offering. We also expect to use the proceeds from this indebtedness for working capital related to the Company's proprietary coffee operations and coffee purchasing programs from third-party farmers operating near the Company's areas of operation.

As of December 31, 2025, the Company had outstanding seller financing loans totaling $2,805,929 that were used to purchase farm groups that comprise the Company's productive farmland. The loans are payable through December 2026 and are secured by rights in the trusts where we hold these farm assets. As of December 31, 2025, approximately $1.3 million remained outstanding under obligations owed to one previous farm owner, entered into on December 16, 2021 and maturing on December 31, 2026, and approximately $1.3 million remained outstanding under obligations owed to a second previous farm owner, entered into on July 11, 2022 and maturing on December 31, 2026, both of which we expect to pay using the net proceeds of this Offering. These obligations do not bear interest and have varied payment schedules.

*Equity Issuances*

In January 2024 and December 2024, the Company commenced two consecutive offerings pursuant to Rule 506(c) of Regulation D of Class A Common Interests for $20,000,000 of equity financing that the Company completed in 2024 and into the first half of 2025. The Company used the financing primarily to fund farm acquisitions, infrastructure construction and working capital needs.

In June 2025, the Company commenced a private offering of its Class A Common Interests exempt from registration pursuant to Section 4(a)(2) of the Securities Act. In September 2025, the Company commenced an offering of Class A Common Interests pursuant to Rule 506(c) of Regulation D under the Securities Act. Collectively, through April 13, 2026, the Company issued an aggregate of 14,941.73 Class A Common Interests for gross proceeds of approximately $16,735,294. The last subscription for these offerings was received on May 15, 2026. The Company has used, and intends to continue to use, the net proceeds from the offerings to fund infrastructure buildout, working capital needs, and the expansion of its U.S. roasted coffee operations.

In November 2025, the Company commenced an offering of Class B Common Interests at a price of $1.00 per interest pursuant to Regulation Crowdfunding. The Company issued 5,364,116 Class B Common Interests, including bonus interests, for total gross proceeds of $4,754,788 plus a 3.5% transaction fee. The offering terminated on March 31, 2026. The Company is using and intends to further use the net proceeds primarily to fund its U.S. sales expansion and for working capital purposes.

**Trend Information**

This year, the Company expects to experience significant growth year-over-year in proprietary coffee production driven by an expansion of cultivated acreage entering its period of productivity and increased yields per hectare from improved farm management. In addition to an expected increase in production, the Company expects to continue to shift its revenue mix toward higher-value products through the sale of roasted coffee products into the U.S. and Canada.

Sales of roasted coffee, largely started during 2025, have grown meaningfully through 2025 and into the start of 2026, supported by the development of commercial relationships with third party distribution and brokerage providers and new customer acquisition with the use of our unique farm-direct sales concept. Sales of green coffee are expected to continue to decline year-over-year as the Company prioritizes capital allocation and operational focus toward the expansion of its roasted coffee business. For the inventory build-up over this period, the Company's primary strategy has been to ensure sufficient stock ahead of peak sales periods while managing working capital efficiently.

The Company's book of sales for roasted coffee has strengthened from 2025, reflecting both repeat purchases from existing clients and onboarding of new customers across our omnichannel sales strategy. The Company has generally been able to maintain pricing discipline for its roasted coffee products due to its focus on quality, consistency and its sustainability/traceability story, although margins may be affected in periods of heightened commodity price volatility such as we have experienced over the last several years and where the Company is required to participate in slotting, allowance and marketing programs with retail partners.

We expect that the Company will sell coffee that it does not sell through its roasted coffee business line in the U.S. and Canada in Colombia through new daily sales agreements with strategic partners that establish pre-defined offload prices for our coffees. Sales of coffee through Colombian channels generally experience lower gross margins versus sales of roasted coffee products in the U.S and Canada given their commodity nature but enable a faster cash conversion cycle.

The Company has experienced increases in input costs, including fertilizers, logistics and labor during both 2025 and year to date 2026. Minimum wage increases in Colombia during both 2025 and 2026, along with broader inflationary pressures, have contributed to a higher cost base versus previous periods. International conflicts in the Middle East have also contributed to rising fertilizer prices. In response, the Company has implemented targeted workforce reductions, operational efficiency strategies and other cost optimization measures to limit controllable cost inputs. During 2026, the Company expects to benefit from economies of scale and improved operational efficiencies as production volumes increase and infrastructure investments are more fully utilized versus 2025.

The Company expects several ongoing industry and company-specific trends will influence its operating performance in 2026. Global coffee markets continue to experience price volatility driven by supply constraints, rising input costs, weather variability and shifting demand patterns. To the extent that the Company sells coffee as a commodity product, it may benefit from periods of elevated prices. However, such benefits may be partially offset by increases in input costs and higher operational expenses as described above. The Company is also continuing to scale its production base as additional coffee lots enter their productive phase, which is expected to increase total output and contribute to lower per-unit production costs over time. The Company also expects to materially increase its coffee cherry purchasing program from 2025 to 2026 to increase its production output and reduce downtime at its operating mills now that it has established same-day sales options that materially reduce its trading risk, subject to capital availability.

In 2025, the Company launched its roasted coffee business in the United States and observed strong demand for traceable, sustainably produced coffee at scale. Management believes this demand trend is likely to continue based on ongoing engagement with existing and prospective customers. As the Company continues shifting a greater portion of its sales towards roasted coffee and other downstream products, management believes its business model increasingly provides a natural hedge against commodity price volatility. When commodity prices are elevated, margins on roasted coffee products may compress while production margins improve. Conversely, when commodity prices decline, roasted product margins may expand while production margins contract. This shift toward higher-value channels, including branded, direct-to-consumer and value-added products such as roasted coffee and ready-to-drink beverages, is expected to contribute to revenue growth and improved margin profiles over time, although it requires continued investment in marketing and working capital.

The Company anticipates variability in quarterly results over the next several years due to the timing of harvest cycles, customer orders, shipment schedules and scaling of its operations, among other factors, which may result in fluctuations in reported revenues and profitability that are not necessarily indicative of long-term performance. Additionally, the Company is actively pursuing larger commercial contracts that, if executed, could represent a material portion of its annualized revenues. These opportunities reflect a shift toward larger-scale customer relationships, but may also increase revenue concentration. The structure and payment terms associated with such contracts may impact the Company's liquidity and working capital requirements as certain arrangements may require the Company to procure, process and deliver significant volumes of coffee in advance of receiving payment. As a result, the Company's ability to manage working capital and access sufficient liquidity will be an important factor in executing on these opportunities.

**Critical Accounting Policies and Estimates**

Our financial statements have been prepared in accordance with U.S. Generally Accepted Accounting Principles ("GAAP"). The preparation of our financial statements requires us to make estimates and assumptions that affect the amounts and disclosures in the financial statements. Our estimates are based on our historical experience, knowledge of current events and actions we may take in the future, and on various other factors that we believe are reasonable under the circumstances. Actual results may differ from these estimates under different assumptions or conditions. The estimates affecting the consolidated financial statements include, but are not limited, to useful lives of property, plant and equipment, valuation of deferred tax assets, recoverability of property, plant and equipment, and estimates used to assess the value of intangible and biological assets. Our significant accounting policies are described in Note 1 to the audited consolidated financial statements. ****

 ****

***Accounting Pronouncements***

Under Section 107 of the JOBS Act, we are permitted to use the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards. This permits us to delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. We have elected to use the extended transition period provided in Section 7(a)(2)(B) of the Securities Act for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that we (i) are no longer an emerging growth company or (ii) affirmatively and irrevocably opt out of the extended transition period provided in Section 7(a)(2)(B). By electing to extend the transition period for complying with new or revised accounting standards, these consolidated financial statements may not be comparable to companies that adopt accounting standard updates upon the public business entity effective dates.

**DIRECTORS, EXECUTIVE OFFICERS, AND SIGNIFICANT EMPLOYEES**

The following table sets out the Company's officers, directors and significant employees as of the date of this Offering Circular.

---

| | | | |
|:---|:---|:---|:---|
| **Name** | **Position** | **Age** | **Term of Office<br> (if indefinite,<br> give date appointed)** |
| **Executive Officers** |  |  |  |
| Cole Shephard | Co-Chief Executive Officer | 42 | June 13, 2017 |
| Adam Jason | Co-Chief Executive Officer | 40 | June 13, 2017 |
| Ivonne Windmüller Palacio | Global Chief Financial Officer and Acting President of Colombia | 44 | March 20, 2025 |
| Ted Skodol | President – North America | 52 | November 13, 2023 |
| **Directors** |  |  |  |
| Cole Shephard | Chairman | 42 | June 13, 2017 |
| Adam Jason | Vice Chairman | 40 | June 13, 2017 |
| **Significant Employees** |  |  |  |
| Wayne Duan | Senior Vice President of Marketing and Chief Digital Officer | 42 | January 5, 2026 |
| Rodrigo Palma | Senior Director of Supply Chain – North America | 42 | July 21, 2025 |
| Anthony Vaccaro | Vice President – Wholesale Sales | 55 | May 15, 2024 |

---

**Cole Shephard**

Cole Shephard is one of our Co-Chief Executive Officers and Chairman and shares his time between the Company's operations in Colombia and the United States. He is the founder of the Company and has served as Co-CEO since 2025 and Chairman since inception. Prior to founding the Company in 2017, Cole spent eight years at PricewaterhouseCoopers, where he specialized in accounting, advisory, and consulting services across multiple industries, including financial services, healthcare, and energy. He worked in the United States, Bermuda, Hong Kong, and Beijing, advising on global mergers and acquisitions, business valuation, due diligence, and cross-border transactions, including deals valued in the billions of dollars. Cole holds a bachelor's degree in accounting and finance and a master's degree in accounting from North Carolina State University, where he graduated as valedictorian. He became a licensed Certified Public Accountant in 2008.

**Adam Jason**

Adam Jason is one of our Co-Chief Executive Officers and Vice Chairman and serves on the Company's Board of Directors. He is based primarily in the United States. He joined the organization in 2017 after eight years practicing law in the United States. Adam specializes in corporate finance, governance, securities regulation, and international business transactions, having advised on debt and equity offerings exceeding $10 billion, including initial public offerings. He previously worked at international law firms including Jones Day and Vinson & Elkins LLP, representing major investment banks such as JP Morgan, Morgan Stanley, Citibank, and Goldman Sachs, as well as global consumer brands. Adam holds a bachelor's degree from Ithaca College and a Juris Doctor from New York Law School, where he graduated magna cum laude.

**Ivonne Windmüller Palacio**

Ivonne Windmüller Palacio is our Global Chief Financial Officer and Acting President of Colombia. Ivonne also served as a director of the Company from April 2025 through April 30, 2026. Prior to joining the Company, she spent seven years at Grupo Éxito, one of Latin America's leading retail companies, where she rose to the role of Chief Financial Officer. In that position, she oversaw accounting, tax, financial planning, and treasury functions, and led the company's dual listing on the New York Stock Exchange and the Brazil Stock Exchange. Ivonne began her career at Uniban, a leading agricultural exporter, where she developed experience in agribusiness operations. Ivonne has resigned her executive positions with the Company effective May 31, 2026. The resignation was for personal reasons and was not the result of any disagreement with the Company on any matter relating to the Company's operations, policies, or practices. The Company is currently conducting a search for a new Chief Financial Officer, to be based in the Company's U.S. headquarters. Upon Ivonne's departure and until a new Chief Financial Officer is in place, Cole Shephard will act as the Company's principal financial officer and principal accounting officer.

**Ted Skodol**

Ted Skodol is our President – North America since April 2026. From November 2023 to April 2026, Ted served as the Chief Revenue Officer of the Company prior to his promotion to President – North America. Prior to joining the Company in November 2023, Ted served as Vice President of Sales and Marketing at Intelligentsia Coffee from 2016-2023 where he led a team responsible for revenue across retail and foodservice channels, including major customers such as Whole Foods, Target, and Safeway. Earlier in his career, Ted spent seventeen years at Unilever, where he held senior sales and marketing roles in both the United States and the Netherlands, managing large-scale commercial operations.

**Wayne Duan**

Wayne Duan is our Senior Vice President of Marketing and Chief Digital Officer, a position he has held since January 2026, based in the Company's U.S. headquarters. He brings over 15 years of experience leading global B2C, eCommerce, and omnichannel growth initiatives at Fortune 500 consumer goods companies. Prior to joining the Company, Wayne held senior leadership roles at Constellation Brands from 2018-2025, where he helped build and scale their global eCommerce and omnichannel business across the United States and select international markets. In that role, he led digital transformation initiatives that delivered consistent double-digit revenue growth while improving profitability and operational efficiency, and oversaw the expansion of well-known consumer brands including Modelo, Corona, and Pacifico. Earlier in his career, Wayne held senior leadership roles at Walgreens, where he ultimately served as General Manager of the company's online business. At the Company, Wayne is responsible for leading digital and eCommerce strategy, driving customer acquisition and retention, and supporting both direct-to-consumer and wholesale growth initiatives.

**Rodrigo Palma**

Rodrigo Palma is the Senior Director of Supply Chain at the Company since July 2025, based in the Company's U.S. headquarters. He brings over 20 years of international leadership experience across supply chain, operations, and business transformation, with a track record of driving growth, improving service, and optimizing working capital in complex global organizations. Prior to joining the Company, Rodrigo held leadership positions at Ingredion from 2021 to July 2025 and Cargill, Bunge, and Votorantim, where he led strategic initiatives across planning, logistics, inventory management, customer operations, and supply chain integration throughout the Americas. He has extensive experience building processes, developing teams, and leading cross-functional transformation in fast-paced and highly demanding environments. At the Company, Rodrigo is focused on building the supply chain foundation, capabilities, and scalability required to support the Company's next phase of growth.

**Anthony Vaccaro**

Anthony Vaccaro is our Vice President – Wholesale Sales, a position he has held since May 2024, based in the Company's U.S. headquarters. Anthony brings over 25 years of experience in specialty coffee sales and distribution. Prior to joining the Company, he worked as Director of Sales and Distribution for Intelligentsia Coffee from 2017-2024. He has also held senior roles with other industry leaders, including CBC Specialty Beverage, Monin Gourmet Flavoring and Lavazza Premium coffees. He is specialized in distributor management, business development, wholesale, foodservice and retail markets.

**COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS**

For the fiscal year ended December 31, 2025, we compensated our three highest-paid directors and executive officers as follows. The Company does not pay any compensation to its Co-CEOs, Cole Shephard and Adam Jason, for their employment. Instead, Mr. Shephard and Mr. Jason receive compensation as the owners of Legacy Group Panama Consulting, S.A., the parent company of LMAC, which receives management and other fees as described in "Interest of Management and Others in Certain Transactions."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Name** | **Capacities in which<br> compensation was<br> received** | **Cash<br> compensation<br> ($)** | **Other<br> compensation<br> ($)** |  | **Total<br> compensation<br> ($)** |
| Cole Shephard | Co-CEO | $-- | $-- |  | $-- |
| Adam Jason | Co-CEO | $-- | $60542 | (1) | $60542 |
| Ivonne Windmüller Palacio | Global Chief Financial Officer and Acting President of Colombia | $146724 | $-- |  | $146724 |
| Ted Skodol | Chief Revenue Officer | $355833 | $26129 | (2) | $381962 |

---

(1) Other compensation
 relates to housing, living and U.S. relocation expenses

(2) Other compensation relates
 to reimbursement for expenses for a car rental and company phone plan, including a tax gross up.

The Company did not provide any cash or equity compensation to its board members with respect to their service as directors for the year 2025.

**Employment Agreements**

The Company has entered into an employment agreement with Ted Skodol. In addition to his base salary of $385,000, he is eligible to receive bonus compensation consisting of a personal performance bonus and a company performance bonus. Mr. Skodol is eligible to receive a personal performance bonus of up to 50% of his base salary. The actual payout is determined by the Company's Board in its discretion after the Company's fiscal year-end based on his individual performance in connection with key performance indicators ("KPIs") set forth in the agreement. Mr. Skodol is also eligible for an annual Company performance bonus in cash equal to 1% of the EBITDA of the Company. The actual payout is also determined by the Company's Board in its discretion after the Company's fiscal year-end based on his individual performance as determined in the discretion of the Board. Mr. Skodol was not paid a bonus in 2025.

Mr. Skodol's employment agreement also includes severance benefits in the event the Company terminates his employment other than for cause. At the time of execution of the employment agreement in 2023, Mr. Skodol also received a grant of 83.33 restricted stock units ("RSUs") to acquire Class A Common Interests that were subject to a vesting schedule of up to three years. Mr. Skodol and the Company converted those RSUs to 312.5 options to acquire Class A Common Interests of the Company in 2026.

**SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN SECURITY HOLDERS**

The following table sets out, as of the date of this Offering Circular, our voting securities that are owned by executive officers and directors, and other persons holding more than 10% of our voting securities or having the right to acquire those securities.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Title of class** | **Name and<br> address of<br> beneficial<br> owner (1)** | **Amount and<br> nature of<br> beneficial<br> ownership** | **Amount and<br> nature of<br> beneficial<br> ownership<br> acquirable** |  | **Percent of<br> class** |
| Class A Common Interests | Cole Shephard (2) | 9943.34 | 56227.84 | (3) | 49.9% |
|  | Adam Jason (4) | 10100.96 | 56, 227.84 | (3) | 50.1% |
|  | All executive officers and directors as a group (4 persons) | 20044.30 | 112768.18 | (5) | 100% |
| Class B Common Interests | Green Coffee SPV CF I LLC | 5042269 |  |  | 94% |
|  | Cole Shephard (6) | 160923.5 | 2521134.5 |  | 50% |
|  | Adam Jason (6) | 160923.5 | 2521134.5 |  | 50% |
|  | All executive officers and directors as a group (4 persons) | 321847 | 5042269 |  | 100% |

---

&nbsp;&nbsp;&nbsp;&nbsp;(1) Unless otherwise indicated, the address of all listed holders is c/o Green Coffee Company Holdings, LLC, 1301 West 22nd St. Suite 310, Oak Brook, Illinois, 60523

(2) Consists of 9,126.50 Class A Common Interests held of record by LMAC, over which Mr. Shephard exercises voting and dispositive power with respect to the interests, as a result of his 50% interest in Legacy Group Panama Consulting, S.A., the parent company of LMAC. This number also includes 816.84 Class A Common Interests held directly by Mr. Shephard that he purchased in his individual capacity as an investor in the Company.

(3) Consists of a total of 112,455.68 Class A Common Interests, over which Mr. Jason and Mr. Shephard exercise voting and dispositive power with respect to the interests, as a result of their respective 50% interests in Legacy Group Panama Consulting, S.A., the parent company of LMAC, which acts as power-of-attorney for investors holding the Class A Common Interests and executive officers holding options exercisable for Class A Common Interests.

(4) Consists of 9,126.50 Class A Common Interests held of record by Legacy Management Americas Corp., over which Mr. Jason exercises voting and dispositive power with respect to the interests, as a result of his 50% interest in Legacy Group Panama Consulting, S.A., the parent company of LMAC. This number also includes 974.46 Class A Common Interests held directly by Mr. Jason that he purchased in his individual capacity as an investor in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Includes
 312.5 vested options exercisable on a 1-to-1 basis for Class A Common Interests in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Comprises
 a total of 5,364,116 Class B Common Interests, 5,042,269 over which Mr. Jason and Mr. Shephard
 exercise voting and dispositive power by power-of-attorney and 321,847 over which Mr. Jason
 and Mr. Shephard exercise voting and dispositive power as a result of their respective 50%
 interests in Legacy Group Panama Consulting, S.A., the parent company of LMAC, as described
 in below in "Interest of Management and Others in Certain Transactions".

**INTEREST OF MANAGEMENT AND OTHERS IN CERTAIN TRANSACTIONS**

The Operating Agreement contains provisions authorizing the Company to pay certain management compensation to LMAC. The Company's Co-CEOs, Cole Shephard and Adam Jason, are the sole owners of LMAC and do not otherwise receive compensation from the Company for the performance of their duties as executive officers and directors of the Company other than certain housing, living and U.S. relocation expenses paid to Mr. Jason as disclosed above in "Compensation of Directors and Executive Officers."

**Management Compensation and Equity Position**

The Company pays LMAC, now and on a go-forward basis, (a) payments for capital raise expenses and (b) an annual management fee (together, the "Management Fee") for the period from and including the initial investment by an investor in Common Interests through any final distribution of the Company's assets (should this event occur), payable quarterly in advance, equal to the aggregate sum of the product of (i) all proceeds from an investor's investment plus debt financing and/or preferred equity financing that LMAC primarily sources multiplied by (ii) 2% per annum.

Additionally, LMAC has been issued a non-dilutable, permanent equity position in the Company equal to eleven and one-half percent (11.5%) of all Class B equity interests in the Company to be sold in this Offering for having founded the Company and its business and for substantial additional contributions to the Company. LMAC retains a six percent (6%) non-dilutable position in all equity securities of the Company issued prior to this Offering including its Class A Common Interests and the Class B Common Interests issued in its Regulation CF offering.

LMAC was eligible to receive $3,260,656.68 and $4,130,815.70 as a Management Fee in the years ended December 31, 2025 and December 31, 2024, respectively (the "LMAC Fees"). For the years ended December 31, 2025 and December 31, 2024, LMAC actually received $407,282.57 and $674,129.03, respectively, in cash amounts. While LMAC was eligible to receive the remaining balances of the LMAC Fees in cash, LMAC waived receipt of those cash payments in exchange for Class A Common Interests in the Company equal to 2,607.46 Class A Common Interests for 2025 and 3,158.78 Class A Common Interests for 2024 so that the Company could instead continue to invest in its business operations. During such periods, LMAC also received 368.06 Class A Common Interests to maintain its 6% non-dilutable position in the Company in the outstanding equity interests of the Company. The equity and cash was not always issued or paid at the moment the LMAC Fees were earned in order to provide the Company flexibility in terms of payment. For example, $1,407,643.31 of the total balance of Management Fee earned in 2025 was actually received as part of a later equity issuance at the end of the first quarter of 2026, including what was netted against cash received during that period.

**Performance Bonuses**

The Company will pay LMAC for the period from and including the initial investment in the Common Interests through any final distribution of the Company's assets (should this event occur), an annual performance bonus and an applicable exit sale bonus (together the "Performance Bonuses") should certain performance related targets be reached. The Performance Bonuses are split into two components referred to as the "Annual Performance Bonus" and the "Exit Sale Bonus".

***Annual Performance Bonus***

LMAC is entitled to an Annual Performance Bonus for the period from and including an initial investment in the Common Interests through any final distribution of the Company's assets (should this event occur) that is as twenty-five percent (25%) of the total annual net income from the operations of the Company. In the case of the Class A Common Interests, the Annual Performance Bonus will only be calculated on amounts of net income over the "Hurdle Rate," which is an annual 6% preferred and cumulative investment return on the Class A Common Interests. See "Securities Being Offered – Common Interests — Distributions."

The Company did not pay LMAC any Performance Bonuses in the years ended December 31, 2025 or December 31, 2024.

***Exit Sale Bonus***

In the event of a sale of the Company or other substantially similar refinancing transactions with respect to the effect to the holders of the Common Interests at the discretion of LMAC or in the case of a registered public offering, LMAC and the holders of the Common Interests will share in the equity return of the Company (or in the case of a registered public offering, the market value for the Company immediately prior to the trading of the Common Interests) in accordance with the following.

In the case of any such event, distributions will be made in the following order, subject to payments previously made during the course of holding the Common Interests, including those made to any predecessor holder of such Common Interests:

(1) to
 the holders of the Class A Common Interests and LMAC up to their Total Investment Amounts
 (as defined below); and an equivalent to their 6% annual hurdle rate during the time in which
 they were invested in the Company;

(2) to the holders of the Class B Common Interests up to their Total Investment
 Amounts: and

(3) lastly, a split of the remaining proceeds of 75% to the holders of Common
 Interests and 25% to LMAC.

"Total Investment Amount" is the amount effectively paid by the applicable holder.

**SECURITIES BEING OFFERED**

We are a Delaware limited liability company organized on May 6, 2020 under the Delaware LLC Act, issuing limited liability company interests pursuant to our second amended and restated limited liability company agreement, dated as of May 15, 2026 (the "Operating Agreement"). The limited liability company interests in our Company are denominated in common equity interests ("Common Interests") and, if created in the future, preferred limited liability company interests ("Preferred Interests"). Our Operating Agreement provides that we may issue an unlimited number of Common Interests with the approval of our Board of Managers (the "Board") and without member approval.

All of the Common Interests offered by this Offering Circular will be duly authorized and validly issued. Upon payment in full of the consideration payable with respect to the Common Interests, as determined by our Board, the holders of such Common Interests are not liable to us to make any additional capital contributions with respect to such Common Interests (except for the return of distributions under certain circumstances as required by Sections 18-215, 18-607 and 18-804 of the Delaware LLC Act). Except as set forth in investor or subscription agreements entered into between the company and individual investors, holders of Common Interests have no conversion, exchange, sinking fund or appraisal rights, no pre-emptive rights to subscribe for any securities of our Company and, no preferential rights to distributions.

The Company has designated two classes of Common Interests, Class A and Class B. The Company is offering Class B Common Interests to investors in this Offering.

The following descriptions summarize important terms of our capital stock. This summary reflects the Company's Operating Agreement and the terms of the Class A Common Interests and Class B Common Interests set forth therein and in the subscription agreement relating to the Class B Common Interests offered in this Offering and does not purport to be complete and is qualified in its entirety by the Operating Agreement and such subscription agreement, which have been filed as exhibits to the Offering Statement of which this Offering Circular is a part. To the extent there is any conflict between the Operating Agreement and any subscription Agreement, the terms of the applicable subscription agreement controls. For a complete description of the Company's capital stock, you should refer to our Operating Agreement, the subscription agreement and applicable provisions of the Delaware LLC Act.

The Operating Agreement authorizes the Company to issue an unlimited number of Common Interests. The Company is authorized to issue an unlimited number of Class A Common Interests and Class B Common Interests. As of the date of this Offering Circular, the Company's issued and outstanding capital consists of 132,499.98 Class A Common Interests and 5,364,116 Class B Common Interests. The total number of Class A Common Interests subject to awards under the 2025 Profits Incentive Plan is 3,134.

**Common Interests** 

***Voting Rights***

Holders of our Common Interests have a right to vote on any matter that is submitted to a vote of the Company's members. Holders are entitled to one vote per share. However, pursuant to the Operating Agreement, all investors in the Company's private placements and Regulation CF offering have granted a power-of-attorney to LMAC to vote their interests on all matters, effectively rendering the Common Interests non-voting. Moreover, the subscription agreement that investors in this Offering will be required to execute contains the same power-of-attorney. See "—Power of Attorney" below for further information.

***Distributions***

LMAC, as asset manager, may in its sole discretion (but shall not be required to) cause the Company to make distributions and dividends of cash, securities and other property to the holders of Common Interests at any time and from time to time. Except as may be provided in the Operating Agreement, dividends or distributions will be made in the following order: (1) to any then outstanding class of Preferred Interests having prior rights to distributions in proportion to their respective Preferred Interests, until the unrecovered Preferred Return, if any, as defined in the Operating Agreement, in respect of each then outstanding Preferred Interest has been reduced to zero; (2) in the case of a distribution in connection with an approved sale, a drag-along transaction, or any other transaction that would reasonably be expected to result in a liquidation, dissolution, change in control, termination or winding up of the Company, to the holders of Preferred Interests, if any, in proportion to their respective Preferred Interests, until the unrecovered Preferred Return (if any) in respect of each then outstanding Preferred Interest has been reduced to zero; and (3) to the holders of the Common Interests in proportion to their percentage interests.

Holders of Class A Common Interests are entitled to an annual 6% preferred and cumulative investment return on their investments ("Hurdle Rate"). In the event of a sale of the Company, the Class A Common Interests holders must receive the Hurdle Rate prior to any payments to the holders of the Class B Common Interests and prior to any Exit Sale Bonus payable to LMAC. See also "Interest of Management and Others in Certain Transactions." To date, the Company has not made any payments to the Class A Common Interests.

 ****

 ****

***Transfer Restrictions***

Except as otherwise expressly permitted pursuant to the Operating Agreement, holders of Common Interests may not sell, assign, transfer, pledge, encumber, mortgage, grant a security interest in or otherwise dispose of all or any of its interest in or withdraw from an investment in the Company absent the prior written consent of the Board.

***Right of First Offer***

 ****

The Operating Agreement obligates a holder of Common Interests that seeks to transfers its Common Interests, whether voluntarily or involuntarily (such as in the event of bankruptcy or escheat or other similar proceeding) to offer to the Company, first, LMAC, second, and other holders of Common Interests, third, the right to purchase the Common Interests of a holder that wishes to sell their Common Interests prior to any sale to a third party that does not already own Common Interests of the Company.

***Drag-Along Right***

 ****

The Operating Agreement contains a "drag-along provision" related to any proposed transfer by members or members that control the voting power of the Company (a "Dragging Members") of 80% or more of the Common Interests (an "Approved Sale"). Holders agree that in connection with an Approved Sale, then such holders of Common Interests will take any action as may be reasonably requested by the Board or the Dragging Members in connection with consummating the transaction, vote in favor of the transaction if such vote is solicited, refrain from exercising dissenters' rights with respect to such transaction and deliver any documentation or take other actions reasonably requested by the Board or the Dragging Members in connection with the transaction.

The drag-along provision further states that if the consideration to be paid in such a transfer includes any indebtedness or securities, the receipt of which by the holder would constitute a violation of any applicable securities law or impede the consummation of an Approved Sale based on the terms and conditions offered by the purchaser in such Approved Sale, then the Board may require the holders participating in the Approved Sale to receive, in lieu of such indebtedness or other securities, the fair market value of their Common Interests in cash, determined in accordance with the Operating Agreement.

***Piggyback Registration Right***

 ****

If the Company proposes to sell or issue Common Interests in a broadly marketed offering requiring compliance with the public offering registration requirements of the U.S. securities laws, and such offering is not for the purpose of funding a single project or series of related projects, whether or not for sale for its own account, the Company will offer holders of Common Interests the right to sell their Common Interests in the offering, subject to certain limitations on the number that may be sold, prior to soliciting investments from third parties in such offering.

 ****

***Tag-Along Rights***

No member or group of members acting collectively (the "Selling Members") may transfer any Common Interests (or equivalents) to any unaffiliated person or group of Persons acting collectively which would result in such person or group owning fifty percent (50%) or more of the Common Interests of the Company unless each of the other members holding Common Interests is offered a pro rata right, on a fully-diluted basis, to participate in any such sale for a purchase price per Common Interest and on other terms and conditions not less favorable to such other members than those applicable to the Selling Members (including executing and delivering purchase agreements and other documents being executed and delivered by the Selling Members).

***Market Stand-Off***

 ****

The subscription agreement that investors will execute in connection with this Offering contains a "market stand-off" provision in the event of a proposed public offering. During the period, not to exceed 180 days, commencing on the effective date of a registration statement relating to the IPO or any merger with or into a special purpose acquisition company and ending on the date specified by the Company and the managing underwriter of the IPO, investors agree not to transfer any equity securities of the Company held by the investor, or securities convertible or exercisable or exchangeable for equity securities, without the prior written consent of the managing underwriter. Investors agree to execute any agreements as may be reasonably requested by the underwriters of the IPO or merger to effect the market stand-off. Investors in the Company's previous offerings have agreed to a similar market stand-off provision.

***Power of Attorney***

 ****

The subscription agreement that investors will execute in connection with this Offering contains an irrevocable power-of-attorney authorizing LMAC to vote their securities.

 ****

 ****

***Rights and Preferences***

Holders of the Common Interests have no preemptive, conversion, anti-dilution or other rights, and there are no redemptive or sinking fund provisions applicable to the Common Interests.

 ****

***Forum Selection Provisions***

The subscription agreement provides that the Court of Chancery in the State of Delaware is the exclusive forum for all actions or proceedings relating to the subscription agreement not arising under the federal securities laws. Further, the agreement provides that the federal district courts of the United States is the exclusive forum for all actions or proceedings relating to the subscription agreement arising under the Securities Act.

***Jury Trial Waiver***

The subscription agreement provides that subscribers waive the right to a jury trial of any claim they may have against us arising out of or relating to the subscription agreement, including any claim under federal securities laws. If we opposed a jury trial demand based on the waiver, a court would determine whether the waiver was enforceable given the facts and circumstances of that case in accordance with applicable case law.

**PLAN OF DISTRIBUTION**

The Company is offering up to 55,207,949 Class B Common Interests plus up to 11,041,589 Bonus Interests, for an aggregate of 66,249,538 Class B Common Interests. The Offering covers an amount of securities that we reasonably expect to offer and sell within two years, although the offering statement of which this Offering Circular forms a part may be used for up to three years and 180 days under certain conditions.

The minimum investment in this Offering is 910 Class B Common Interests, or $1,001, plus the Transaction Fee of 3.5% of the investment.

We plan to market the securities in this Offering both through online and offline means. Online marketing may take the form of contacting potential investors through electronic media and posting our Offering Circular on an online investment platform invest.greencoffeecompany.com.

Any participation of our officers and directors in selling efforts for all classes of securities in this Offering will be conducted in accordance with Rule 3a4-1 under the Exchange Act. None of our officers or directors are subject to any statutory disqualification, as that term is defined in Section 3(a)(39) of the Exchange Act. None of our officers or directors will be compensated in connection with their participation in the Offering by the payment of commissions or other remuneration based either directly or indirectly on transactions in our securities. None of our officers or directors are, or have been within the past 12 months, a broker or dealer, and none of them are, or have been within the past 12 months, an associated person of a broker or dealer. At the end of the Offering, our officers and directors will continue to primarily perform substantial duties for the Company or on its behalf otherwise than in connection with transactions in securities.

The Company may undertake one or more closings on a rolling basis. For additional information regarding this process, see "— Investor's Tender of Funds," below. Once an investor has tendered funds to purchase securities in this Offering, the timing of the completion of the sale may be delayed for a month or longer due to clearance procedures that the Broker needs to complete prior to purchase. Under federal law, the Broker must perform certain processes related to their regulatory obligations regarding anti-money laundering and "know your customer" rules, including verification of the investor's identity and status. If there are errors or incomplete information that needs to be resolved to complete the subscription, the Broker will generate emails instructing the investor on what to do to complete the process. During this process, the investor's funds will be held in a segregated deposit account pending closing or termination of the offering.

After each closing, funds tendered by investors will be available to the Company.

**DealMaker Services**

DealMaker Securities, LLC, a broker-dealer registered with the Commission and a member of FINRA, has been engaged to provide operational processing, compliance, and administration of the Company's best efforts offering. Although this role differs from that of a traditional underwriter in that the Broker does not purchase any securities from the Company with a view to sell such for the Company as part of the distribution of the security, the Broker is a statutory underwriter under Section 2(a)(11) of the Securities Act. Affiliates of Broker have also been engaged to provide technology services and marketing advisory services, specifically Novation Solutions Inc. O/A DealMaker and DealMaker Reach, LLC.

**Commissions and Discounts**

The following tables shows the total discounts and commissions payable (variable depending on the total amount raised, as shown below) to the placement agents in connection with the Class B Common Interests offered in this Offering**:**

---

| | |
|:---|:---|
|  | Per Share |
| Public Offering Price | $1.1000 |
| Public Offering Price Plus Transaction Fee (3.5%) | $1.1385 |
| Underwriting Commission (4.25%) (1) | $0.04839 |
| Proceeds, before expenses, to us | $1.09011 |

---

(1) Based on the per interest price of $1.10 plus the Transaction Fee. In addition to the 4.25% commission, affiliates of the Broker have been engaged for technology and marketing related services. Together with the Underwriting Commissions, total potential compensation to the Broker and its affiliates would not exceed $3,989,805.59.

**Bonus Interests**

After subscribing for the full price for the purchased securities, certain investors in this Offering are eligible to receive additional Class B Common Interests equal to an amount that is 5% to 20% of the number of interests purchased for no additional consideration paid ("Bonus Interests"). Investors who purchase Class B Common Interests are eligible to receive Bonus Interests based their status as a current interestholder, or if their investment size is at or above certain thresholds (as denoted in the table below). Investors will not be required to provide additional consideration, whether cash or non-cash, in order to receive Bonus Interests. Those investors not eligible for the maximum value of Bonus Interests will experience additional dilution compared to investors receiving the maximum amount of 20% Bonus Interests.

Bonus Interests have identical rights, privileges, preferences as well as restrictions to the Class B Common Interests purchased. The Transaction Fee will be assessed on the per interest price of $1.10. There will be no Transaction Fee with respect to the Bonus Interests. No additional consideration will be received by the Company for the issuance of Bonus Interests and the Company will absorb the cost of the issuance of the Bonus Interests. Up to 11,041,589 Bonus Interests are available in this Offering.

Bonus Interests relating to the amount of investment will be determined on a single transaction and are not cumulative of multiple purchases. Fractional interests will not be distributed, and Bonus Interests will be determined by rounding down to the nearest whole interest.

DealMaker Securities LLC has not been engaged to assist in the distribution of the Bonus Interests and will not receive any compensation related to the Bonus Interests.

**Bonus Interests for Certain Investors (Up to 20%)**

Certain investors in this Offering are eligible to receive Bonus Interests for no additional consideration. The number of Bonus Interests investors in this Offering are eligible to receive and the criteria for receiving such Bonus Interests is as follows:

(i) "Reserved"
 Interests. Prior to the qualification by the Commission of the Company's offering statement, the Company will offer investors
 the opportunity to "reserve" Class B Common Interests through a reservation process on its investment website at invest.greencoffeecompany.com.
 On our investment website, the investor may select the "Reserve Shares" button or the "Join Waitlist" button,
 which will bring the investor to a new page where the investor will be able to input their name and email address. Their reservation
 is finalized by clicking the "Submit" button. Investors who reserve Class B Common Interests or add themselves to the
 waitlist in this manner will receive 5% additional Bonus Interests on their actual investment once this Offering is qualified by
 the Commission (rounded down to the nearest whole interest). For example, if an investor reserves 100 Class B Common Interests, and
 subsequently confirms this reservation and purchases the 100 Class B Common Interests, such investor will receive an additional 5
 Class B Common Interests, for a total of 105 Class B Common Interests. "Reserving" Class B Common Interests is simply
 an indication of interest. There is no binding commitment for investors that reserve Class B Common Interests in this manner to ultimately
 invest and purchase the Company's Class B Common Interests reserved, or to purchase any Class B Common Interests whatsoever.
 Investors who visit the Company's investment website when the Company does not have a live unaccredited investment round will
 automatically see the Reserve Interests button.

(ii) Investment
 Amount. Investors will be eligible to receive Bonus Interests based on the amount of their investment in this Offering. The below
 table summarizes the available bonus by amount invested:

---

| | |
|:---|:---|
| **Amount Invested\*\*** | **Bonus Interests\*** |
| $2,500.30 (2,273 interests) or more | 5% |
| $5,000.60 (4,546 interests) or more | 7% |
| $10,000.10 (9,091 interests) or more | 10% |
| $15,000.70 (13,637 interests) or more | 15% |
| $20,000.20 (18,182 interests) or more | 18% |
| $25,000.80 (22,728 interests) or more | 20% |

---

(iii) Existing GCC
 Investor. Existing investors in the Company will be eligible to receive Bonus Interests if they also invest in this Offering. Each
 existing investor that invests in this Offering will receive additional Bonus Interests equal to 5% of the number of interests purchased,
 rounded down to the nearest whole interest.

The maximum amount of Bonus Interests is cumulative across the three categories for earning Bonus Interests, capped at 20%.

Bonus Interest will be applied to each investor following the completion of the subscription in the Offering. The Broker and the Company will verify eligibility through records maintained for reservations, investment amount, previous investments, and waitlists.

*\*Bonus Interests are cumulative and may stack, subject to a maximum aggregate Bonus Interests of 20% per investor, of their total purchase amount of Class B Common Interests.*

*\*\*1n order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. The amount invested does not include the 3.5% Transaction Fee. Bonus Interests from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed. Crowdfunding investments made through a self-directed IRA cannot receive perks due to tax laws. The Internal Revenue Service (IRS) prohibits self-dealing transactions in which the investor receives an immediate, personal financial gain on investments owned by their retirement account. As a result, an investor must refuse those perks because they would be receiving a benefit from their IRA account. For Investment Amount Bonus, investors will receive the share amount from the highest category for which they are eligible.*

**TAX CONSEQUENCES FOR RECIPIENTS (INCLUDING FEDERAL, STATE, LOCAL AND FOREIGN INCOME WITH RESPECT TO REWARDS AND BONUSES ARE THE SOLE RESPONSIBILITY OF THE INVESTOR. INVESTORS MUST CONSULT WITH THEIR OWN PERSONAL ACCOUNTANT(S) AND/OR TAX ADVISOR(S) REGARDING THESE MATTERS.**

**THE COMPANY RESERVES THE RIGHT TO DISCONTINUE ANY OF THE PERKS FOR REGULATORY PURPOSES.**

**Other Terms**

The aggregate compensation payable to the Broker and its affiliates are described below.

*<u>Administrative and Compliance Related Functions</u>*

DealMaker Securities, LLC will provide administrative and compliance related functions in connection with this Offering, including:

· Reviewing investor
 information, including identity verification, performing Anti-Money Laundering ("AML") and other compliance background
 checks, and providing the Company with information on an investor in order for the Company to determine whether to accept such investor
 into the Offering;

· If necessary,
 discussions with us regarding additional information or clarification on a Company-invited investor;

· Coordinating
 with third party agents and vendors in connection with performance of services;

· Reviewing each
 investor's subscription agreement to confirm such investor's participation in the Offering and provide a recommendation
 to us whether or not to accept the subscription agreement for the investor's participation;

· Contacting
 and/or notifying us, if needed, to gather additional information or clarification on an investor;

· Providing ongoing
 advice to us on compliance of marketing material and other communications with the public, including with respect to applicable legal
 standards and requirements;

· Reviewing and
 performing due diligence on the Company and the Company's management and principals and consulting with the Company regarding
 same;

· Consulting
 with the Company on best business practices regarding this raise in light of current market conditions and prior self-directed capital
 raises;

· Providing white-labeled
 platform customization to capture investor acquisition through the Broker's platform's analytic and communication tools;

· Consulting
 with the Company on question customization for investor questionnaire;

· Consulting
 with the Company on selection of web hosting services;

· Consulting
 with the Company on completing template for the Offering campaign page;

· Advising us
 on compliance of marketing materials and other communications with the public with applicable legal standards and requirements;

· Providing advice
 to the Company on preparation and completion of this Offering Circular;

· Advising the
 Company on how to configure our website for the Offering working with prospective investors;

· Providing extensive
 review, training and advice to the Company and Company personnel on how to configure and use the electronic platform for the Offering

· Assisting the
 Company in the preparation of state, Commission and FINRA filings related to the Offering; and

· Working with
 Company personnel and counsel in providing information to the extent necessary.

Such services shall not include providing any investment advice or any investment recommendations to any investor.

For these services, we have agreed to pay Broker:

· A one-time
 payment of $27,500 for accountable expenses to be refunded, if not incurred; and

· A cash commission
 equal to 4.25% of each investor's total cash amount invested in the Offering. If this Offering is fully subscribed, this would
 be a maximum of $2,671,305.62.

The total compensation paid to Broker for services is a maximum of $2,698,805.62.

*<u>Technology Services</u>*

The Company has also engaged Novation Solutions Inc. O/A DealMaker ("DealMaker"), an affiliate of Broker, to create and maintain the online subscription processing platform for the Offering.

After the qualification by the Commission of the Offering Statement of which this Offering Circular is a part, this Offering will be conducted using the online subscription processing platform of DealMaker through our website, whereby investors will receive, review, execute and deliver subscription agreements electronically as well as make payment of the purchase price through a third party processor by ACH debit transfer or wire transfer or credit card to an account we designate. There is no escrow established for this Offering. We will hold closings upon the receipt of investors' subscriptions and our acceptance of such subscriptions. We will also be required to pay various third-party expenses to vendors unaffiliated with DealMaker for payment processing, which are not anticipated to exceed 2% of the Offering proceeds.

We have agreed to pay DealMaker:

· Prior to the
 Offering's commencement, a one-time payment of $10,000 and $2,000/month will be paid to DealMaker for up to three months (a
 maximum of $6,000) for accountable expenses to be incurred and refunded if unused.

· Once the Offering
 commences a fee of $2,000 per month will be charged for account management with a maximum of $18,000.

The total compensation paid to DealMaker for technology services is a maximum of $34,000.

*<u>Marketing and Advisory Services</u>*

The Company has also engaged DealMaker Reach, LLC ("Reach"), an affiliate of Broker, for certain marketing advisory and asset creation services. Reach will advise on the design and messaging on creative assets, website design and implementation, paid media and email campaigns, advise on optimizing the Company's campaign page to track investor progress, and advise on strategic planning, implementation, and execution of Company's capital raise marketing budget.

We have agreed to pay Reach:

· Prior to the Offering commencing, $11,000/month will be paid to Reach for up to three months (a maximum of $33,000) for accountable expenses
to be incurred and refunded if unused.

· Once the Offering
 commences a fee of $11,000 per month will be charged for marketing management with a maximum of $99,000.

· Supplementary
 Marketing Services, as may be authorized by the Company on a case-by-case basis, up to a maximum of an additional $1,125,000 of compensation
 for acting as the Company's agent during the Offering.

The total maximum compensation paid to Reach is $1,256,999.97.

The Administrative and Compliance fees, the Technology Services Fees, and the Marketing and Advisory Services Fees described above will, in aggregate, not exceed $3,989,805.59, if the Offering is fully subscribed.

**Selling Security holders**

No securities are being sold for the account of security holders. All net proceeds of this Offering will go to the Company.

**Transfer Agent and Registrar**

Dealmaker Transfer Agent LLC will serve as transfer agent to maintain interestholder information on a book-entry basis. We will not issue interests in physical or paper form. Instead, our securities will be recorded and maintained on our interestholder register.

**Investor's Tender of Funds**

After the Offering Statement has been qualified by the Commission, the Company will accept tenders of funds to purchase the Class B Common Interests. The Company may close on investments on a "rolling" basis (so not all investors will receive their Class B Common Interests on the same date). Investors may subscribe by tendering funds via wire, debit card, credit card, or ACH only, physical checks will not be accepted. Upon acceptance of the investors' subscriptions, funds tendered by investors will be made available to the Company for its use.

The minimum investment in this Offering is $1,001, or 910 Class B Common Interests. Investors will also be responsible for a 3.5% transaction fee paid at the time of investment. This fee is not considered part of the cost basis of the subscribed Securities but will count against the per investor limit set out in the subscription agreement. These expenses are included in the maximum compensation set forth in the section above.

Investors will be required to subscribe to the Offering via the third-party platform managed by Novation Solutions, Inc., and agree to the terms of the Offering, the subscription agreement, and any other relevant exhibit attached thereto. The subscription agreement includes a representation by the investor to the effect that, if you are not an "accredited investor" as defined under securities law, you are investing an amount that does not exceed the greater of 10% of your annual income or 10% of your net worth (excluding your principal residence).

The Broker has not investigated the desirability or advisability of investment in the Offering, nor approved, endorsed or passed upon the merits of purchasing the Class B Common Interests. Broker is not participating as an underwriter and under no circumstance will it recommend the Company's securities or provide investment advice to any prospective investor or make any securities recommendations to investors. Broker is not distributing any Offering Circulars or making any oral representations concerning this Offering Circular or this Offering. Based upon Broker's anticipated limited role in this Offering, it has not and will not conduct extensive due diligence of this Offering and no investor should rely on the involvement of Broker in this Offering as any basis for a belief that it has done extensive due diligence. Broker does not expressly or impliedly affirm the completeness or accuracy of the Offering Statement and/or Offering Circular presented to investors by the Company. All inquiries regarding this Offering should be made directly to the Company.

**ONGOING REPORTING AND SUPPLEMENTS TO THIS OFFERING CIRCULAR**

We will be required to make annual and semi-annual filings with the Commission. We will make annual filings on Form 1-K, which will be due by the end of April each year and will include audited financial statements for the previous fiscal year. We will make semi-annual filings on Form 1-SA, which will be due by September 28 each year, which will include unaudited financial statements for the six months to June 30. We will also file a Form 1-U to announce important events such as the loss of a senior officer, a change in auditors or certain types of capital-raising. We will be required to keep making these reports unless we file a Form 1-Z to exit the reporting system, which we will only be able to do if we have less than 300 shareholders of record and have filed at least one Form 1-K.

At least every 12 months, we will file a post-qualification amendment to the Offering Statement of which this Offering Circular forms a part to include the company's recent financial statements.

We may supplement the information in this Offering Circular by filing a Supplement with the Commission.

All these filings will be available on the Commission's EDGAR filing system. You should read all the available information before investing.

**Green Coffee Company Holdings, LLC** 

**Consolidated Financial Statements**

---

| | |
|:---|:---|
| [Independent Auditors' Report](#a_001) | [F-1](#a_001) |
| [Consolidated Balance Sheets as of December 31, 2025 and 2024](#a_002) | [F-3](#a_002) |
| [Consolidated Statements of Operations and Comprehensive Income for the Years Ended December 31, 2025 and 2024](#a_003) | [F-4](#a_003) |
| [Consolidated Statements of Changes in Members' Capital for the Years Ended December 31, 2025 and 2024](#a_004) | [F-5](#a_004) |
| [Consolidated Statements of Cash Flows for the Years Ended December 31, 2025 and 2024](#a_005) | [F-6](#a_005) |
| [Notes to Consolidated Financial Statements](#a_006) | [F-7 - F-20](#a_006) |

---

RSM Puerto Rico

![](tm2614683d1_partiiimg001.jpg)

**Green Coffee Company Holdings, LLC and Subsidiaries**

Consolidated Financial Statements

December 31, 2025 and 2024

---

| | |
|:---|:---|
|  | ![](tm2614683d1_partiiimg002.jpg) |
|  | ![](tm2614683d1_partiiimg002.jpg) |
| THE POWER OF BEING UNDERSTOOD | ![](tm2614683d1_partiiimg002.jpg) |
| ASSURANCE \| TAX \| CONSULTING | ![](tm2614683d1_partiiimg002.jpg) |

---

![](tm2614683d1_partiiimg003.jpg)

**RSM Puerto Rico**

PO Box 10528

San Juan, PR 00922-0528

T 787-751-6164

F 787-759-7479

www.rsm.pr

**INDEPENDENT AUDITORS' REPORT**

To: The Board of Directors and Members of

Green Coffee Company Holdings, LLC and Subsidiaries

**Opinion**

We have audited the consolidated financial statements of Green Coffee Company Holdings, LLC and its Subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31, 2025 and 2024, the related consolidated statements of operations and comprehensive income, changes in members' capital and cash flows for the years then ended, and the related notes to the consolidated financial statements.

In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2025 and 2024, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

**Emphasis-of-Matters**

*Related party transactions*

As described in Note 1, the Company is a member of a group of affiliated companies and, as disclosed in the accompanying consolidated financial statements and related notes, has extensive transactions and relationships with members of the group. Because of these relationships, it is possible that the terms of these transactions are not the same as those that would result from transactions among unrelated parties. Our opinion is not modified with respect to this matter.

*Correction of prior period errors*

As described in Note 2, during 2025, management identified errors in the previously issued consolidated financial statements as of and for the year ended December 31, 2024. Accordingly, the accompanying comparative 2024 consolidated financial statements have been restated to correct these errors. Our opinion is not modified with respect to this matter.

THE POWER OF BEING UNDERSTOOD

ASSURANCE \| TAX \| CONSULTING

RSM Puerto Rico is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any Jurisdiction.

![](tm2614683d1_partiiimg003.jpg)

**Responsibilities of Management for the Consolidated Financial Statements**

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

In preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events considered in the aggregate that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date that the consolidated financial statements are issued or available to be issued.

**Auditors' Responsibilities for the Audit of the Consolidated Financial Statements**

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore there is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in aggregate, they would influence the judgment made by a reasonable user based on the consolidated financial statements.

In performing an audit in accordance with GAAS, we:

· Exercise
 professional judgment and maintain professional skepticism throughout the audit.

· Identify
 and assess the risks of material misstatement of the consolidated financial statements, whether
 due to fraud or error, and design and perform audit procedures responsive to those risks.
 Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures
 in the consolidated financial statements.

· Obtain
 an understanding of internal control relevant to the audit in order to design audit procedures
 that are appropriate in the circumstances, but not for the purpose of expressing an opinion
 on the effectiveness of the Company's internal control. Accordingly, no such opinion
 is expressed.

· Evaluate
 the appropriateness of accounting policies used and the reasonableness of significant accounting
 estimates made by management, as well as evaluate the overall presentation of the consolidated
 financial statements.

· Conclude
 whether, in our judgment, there are conditions or events considered in the aggregate that
 raise substantial doubt about the Company's ability to continue as a going concern
 for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.

San Juan, Puerto Rico

April 24, 2026.

![](tm2614683d1_partiiimg004.jpg)

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**CONSOLIDATED BALANCE SHEETS December 31, 2025 and 2024**

---

| | | | |
|:---|:---|:---|:---|
|  | | 2025 | 2024 <br> (As restated) |
| **ASSETS** |  |  |  |
| **CURRENT ASSETS:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | 4 | $1003825 | $4476925 |
| &nbsp;&nbsp;&nbsp;Accounts receivable- |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trade | 5 | 1097968 | 4524728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other receivables | 5 | 87878 | 239826 |
| &nbsp;&nbsp;&nbsp;Inventories | 6 | 3641121 | 5070455 |
| &nbsp;&nbsp;&nbsp;Prepayments |  | 1611490 | 653362 |
| &nbsp;&nbsp;&nbsp;Current portion of biological assets, net | 9 | 1641319 | 771813 |
|  |  | 9083601 | 15737109 |
| **PROPERTY, PLANT AND EQUIPMENT, net** | 7 | 60817913 | 56684114 |
| **INTANGIBLE ASSETS, net** | 8 | 643784 | 752691 |
| **OTHER NON-CURRENT ASSETS** |  | 535277 | 516030 |
| **RIGHT OF USE ASSET** | 15 | 300091 |  |
| **BIOLOGICAL ASSETS, net** | 9 | 46468533 | 43737875 |
|  |  | $117849199 | $117427819 |
| **LIABILITIES AND MEMBERS' CAPITAL** |  |  |  |
| **CURRENT LIABILITIES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Current portion of long-term debt- |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Commercial loans payable | 13 | $5292095 | $8066192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Operating lease liability | 15 | 57660 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seller financing | 14 | 2805929 | 2392834 |
| Payroll benefits payable |  | 356430 | 299770 |
| Accounts payable trade | 11 | 2429785 | 1308282 |
| Other payable | 12 | 251277 | 236694 |
|  |  | 11193176 | 12303772 |
| **LONG-TERM LIABILITIES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Operating lease liability | 15 | 279110 |  |
| &nbsp;&nbsp;&nbsp;Commercial loans payable | 13 | 11088131 | 12885230 |
| &nbsp;&nbsp;&nbsp;Seller financing | 14 |  | 2542429 |
| &nbsp;&nbsp;&nbsp;Deferred tax liability, net | 16 | 5715766 | 4064342 |
|  |  | 17083007 | 19492001 |
|  |  | 28276183 | 31795773 |
| **MEMBERS' CAPITAL** | 17 | 89573016 | 85632046 |
|  |  | $117849199 | $117427819 |

---

The accompanying notes are an integral part of these consolidated statements.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME December 31, 2025 and 2024**

---

| | | | |
|:---|:---|:---|:---|
|  | | 2025 | 2024 <br> (As restated) |
| **NET SALES** |  | $25904754 | $34282583 |
| **COST OF SALES** |  | (23762007**)** | (37842051) |
| **GROSS PROFIT (LOSS)** |  | 2142747 | (3559468) |
| **OPERATING GAINS AND EXPENSES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Change in fair value of biological assets | 10 | 4755781 | 7864388 |
| &nbsp;&nbsp;&nbsp;General and administrative |  | (10913992**)** | (5057255) |
| &nbsp;&nbsp;&nbsp;Depreciation and amortization | 7 | (2121748**)** | (1381330) |
| &nbsp;&nbsp;&nbsp;Other operating income |  | 835494 | 504570 |
| &nbsp;&nbsp;&nbsp;Realized exchange rate gain (loss) |  | 504 | 259612 |
|  |  | (7443961**)** | 2189985 |
| **OPERATING LOSS** |  | (5301214**)** | (1369483) |
| **OTHER NON-OPERATING EXPENSES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Bank fees and commissions |  | (140096**)** | (139839) |
| &nbsp;&nbsp;&nbsp;Tax on financial transactions |  | (222562**)** | (390263) |
| &nbsp;&nbsp;&nbsp;Interest expense |  | (1557532**)** | (1382895) |
| &nbsp;&nbsp;&nbsp;Other expenses |  | (122864**)** | (158947) |
|  |  | (2043054**)** | (2071944) |
| **LOSS BEFORE PROVISION FOR INCOME TAXES** |  | (7344268**)** | (3441427) |
| **PROVISION FOR INCOME TAXES:** |  |  |  |
| &nbsp;&nbsp;&nbsp;Regular | 16 |  |  |
| &nbsp;&nbsp;&nbsp;Deferred | 16 | (1651424**)** | (2358792) |
|  |  | (1651424**)** | (2358792) |
| **NET LOSS** |  | (8995692**)** | (5800219) |
| **OTHER COMPREHENSIVE INCOME (LOSS):** |  |  |  |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment |  | (1268187**)** | 776179 |
| &nbsp;&nbsp;&nbsp;Fair value cross currency swap |  | 911518 | - |
|  |  | (356669**)** | 776179 |
| **COMPREHENSIVE INCOME (LOSS)** |  | $(9352361**)** | $(5024040) |

---

The accompanying notes are an integral part of these consolidated statements.

![](tm2614683d1_partiiimg003.jpg)

**CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS' CAPITAL**

**December 31, 2025 and 2024**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | | Accumulated | | |
|  | Members' | Other | | Total |
|  | Equity | Comprehensive | Retained | Members' |
| Description | Share | Income (Loss) | Earnings | Capital |
| **MEMBERS' CAPITAL, December 31, 2023** | $62688324 | $(250137) | $7654854 | $70093041 |
| &nbsp;&nbsp;&nbsp;Net loss, as restated |  |  | (5800219) | (5800219) |
| &nbsp;&nbsp;&nbsp;Issuance of additional shares, as restated | 21474563 |  |  | 21474563 |
| &nbsp;&nbsp;&nbsp;Fair value cross currency swap |  | (911518) |  | (911518) |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment from subsidiaries, as restated | - | 776179 | - | 776179 |
| **MEMBERS' CAPITAL, December 31, 2024 - As restated** | 84162887 | (385476) | 1854635 | 85632046 |
| &nbsp;&nbsp;&nbsp;Net loss |  |  | (8995692) | (8995692) |
| &nbsp;&nbsp;&nbsp;Issuance of additional shares | 13293331 |  |  | 13293331 |
| &nbsp;&nbsp;&nbsp;Fair value cross currency swap |  | 911518 |  | 911518 |
| &nbsp;&nbsp;&nbsp;Foreign currency translation adjustment from subsidiaries | - | (1268187) | - | (1268187) |
| **MEMBERS' CAPITAL, December 31, 2025** | $97456218 | $(742145) | $(7141057) | $89573016 |

---

The accompanying notes are an integral part of these consolidated statements.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**CONSOLIDATED STATEMENTS OF CASH FLOWS December 31, 2025 and 2024**

---

| | | |
|:---|:---|:---|
|  | 2025 | 2024 <br> (As restated) |
| **CASH FLOWS FROM OPERATING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Net loss | $(8995692**)** | $(5800219) |
| &nbsp;&nbsp;&nbsp;Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization | 1874229 | 1349735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of intangibles | 204017 | 23567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of biological assets | 6824 | 8027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amortization of operating lease | 36678 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gain arising from changes in fair value of biological assets | (4755781**)** | (7864388) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income tax expense | 1651424 | 2358792 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Change in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease (increase) in assets- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable | 3578708 | (1790802) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories | 1429334 | (1496397) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepayments and other current and non-current assets | (977375**)** | (838888) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current portion of biological assets | 771813 | 497242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Increase (decrease) in liabilities- |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts payable trade | 1121503 | (2992691) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll benefits payable | 56660 | 137604 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other payable | 14584 | (168966) |
| &nbsp;&nbsp;&nbsp;Net cash used in operating activities | (3983074**)** | (16577384) |
| **CASH FLOWS FROM INVESTING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Acquisition of intangible assets | (95110**)** | (707979) |
| &nbsp;&nbsp;&nbsp;Acquisition and improvements of biological assets | (2973306**)** | (4402321) |
| &nbsp;&nbsp;&nbsp;Acquisition of property, plant and equipment | (2657742**)** | (4597266) |
| &nbsp;&nbsp;&nbsp;Net cash used in investing activities | (5726158**)** | (9707566) |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |  |
| &nbsp;&nbsp;&nbsp;Proceeds from issuance of shares | 13293331 | 21474563 |
| &nbsp;&nbsp;&nbsp;Proceeds from loan payable |  | 17618222 |
| &nbsp;&nbsp;&nbsp;Payments to loan payable | (4571196**)** | (451139) |
| &nbsp;&nbsp;&nbsp;Payments to seller financing loans | (2129334**)** | (8111868) |
| &nbsp;&nbsp;&nbsp;Net cash provided by financing activities | 6592801 | 30529778 |
| &nbsp;&nbsp;&nbsp;Effect of fair value cross currency swap | 911518 | (911518) |
| &nbsp;&nbsp;&nbsp;Effect of exchange rate on cash and cash equivalents | (1268187**)** | 776179 |
| **NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS** | (3473100**)** | 4109489 |
| **CASH AND CASH EQUIVALENTS, beginning of year** | 4476925 | 367436 |
| **CASH AND CASH EQUIVALENTS, end of year** | $1003825 | $4476925 |

---

The accompanying notes are an integral part of these consolidated statements.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**1)** **Organization and summary of significant accounting policies:**

&nbsp;&nbsp;&nbsp;&nbsp;A) <u>Organization</u> – Green Coffee Company Inc. was incorporated under the Limited Liability Company Law
 No. 4 of January 9, 2009 of the Republic of Panama on June 13, 2017 and is
 engaged in the coffee industry, principally as producer and distributor of coffee. The consolidated
 financial statements include all subsidiaries and entities in which Green Coffee Company
 Inc. holds an ownership interest except where otherwise specified.

On May 5, 2020, Green Coffee Company Inc. was converted from a Republic of Panama company to a US company registered in the State of Delaware as a limited liability company and changed its name to Green Coffee Company Holdings, LLC (the "Company" or the "Group"). This conversion and naturalization had no effects on the carrying values of the assets and liabilities of the Company.

As of December 31, 2021, Green Coffee Company Holdings, LLC held a 100% interest in GCC Trading LLC, also a US company registered in the State of Delaware as a limited liability on June 22, 2020, and Green Coffee Company S.A.S., both included in the accompanying consolidated financial statements of the Group. Green Coffee Company S.A.S. (GCCSAS) was incorporated on June 6, 2017 in Medellín, Colombia, and is engaged in coffee planting and growing operations. GCCSAS owns 100% of shares issued and outstanding of Agrosura S.A.S. Zomac (ASAS), incorporated on March 6, 2018 in Antioquía, Colombia.

As of December 31, 2023, Green Coffee Company Holdings, LLC also held a 100% ownership interest in GCC Green Coffee LLC, a U.S. company registered in the State of Delaware on November 10, 2023. GCC Green Coffee LLC is included in the accompanying consolidated financial statements of the Company.

Operations of ASAS include mainly the following activities:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Sowing
 of cultivation, commercialization and export of coffee, fruits, and agro-industrial products
 in their natural and / or processed state.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Wholesale
 and retail marketing of coffee in its parchment, green and processed forms. Export of coffee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Research
 of coffee improvement projects with a view to the production of specialty coffee.

The Company is a member of a group of affiliated companies and has extensive transactions and relationships with members of the group; consequently, results may differ from those among unrelated parties.

&nbsp;&nbsp;&nbsp;&nbsp;B) <u>Summary of significant accounting policies</u> – The accounting policies followed by the Company
 conform to predominant industry practices that are in accordance with accounting principles
 generally accepted in the United States of America (US GAAP). The most significant accounting
 policies followed by the Company are summarized below:

<u>Principles of consolidation</u> – The consolidated financial statements include the account balances and transactions of Green Coffee Company Holdings, LLC and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Controlling interest is determined by majority ownership interest and the absence of substantive third-party participating rights. Investments in affiliates over which the Company has significant influence but not a controlling interest, such as interests in entities owned equally by the Company and a third party that are under shared control, are carried on the equity basis.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

<u>Use of estimates</u> – The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, valuation of deferred tax assets, recoverability of property, plant and equipment, and estimates used to assess the value of intangible and biological assets.

<u>Fair value of financial instruments</u> – The carrying amount of the Company´s financial instruments (cash, accounts receivable, accounts payable, accrued liabilities and due from/to related entities) are considered reasonable estimates of fair value due to the short period to maturity.

<u>Cash and cash equivalents</u> – Cash consists of cash held with reputable financial institutions in the United States and the Republic of Colombia. The Group also considers investments in instruments purchased with an original maturity of 90 days or less to be cash equivalents. The Group also classifies amounts<br> in transit from payment processors for customer credit card and debit card transactions as cash equivalents. If these investments are extended for additional terms, exceeding three (3) months, they will be treated as financial instruments.

<u>Trade accounts receivable</u> – The Company sells its products to customers extending credit, generally without requiring collateral, based on the evaluation of the customer's financial condition.

<u>Allowance for credit losses and doubtful accounts</u> – Allowance for credit losses is determined under the Current Expected Credit Losses (CECL) methodology which uses the loss-rate approach and is measured on a collective (pool) basis when similar risk characteristics exist. Where financial instruments do not share risk characteristics, they are evaluated on an individual basis. The CECL allowance is based on relevant available information, from internal and external sources, relating to past events, current conditions and reasonable and supportable forecasts. There is no allowance for credit losses as of December 31, 2025 and 2024, and there was no change in the allowance for credit losses during the years ended December 31, 2025 and 2024.

For the year ended December 31, 2025, the Company early adopted Accounting Standard Update (ASU) 2025-05, *Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets*. The adoption of this ASU was prospectively and did not have a significant impact on the Company's financial statements. No transition adjustment was necessary as part of the adoption. The Company elected the practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset in developing reasonable and supportable forecasts as part of estimating expected credit losses. In addition, the Company made an accounting policy election to consider collection activity after the balance sheet date when estimating expected credit losses. Subsequent collections were evaluated until the date these financial statements were issued when determining the need for an allowance for credit losses.

<u>Inventories</u> – Inventories are stated at the lower of cost or net realizable value. Cost is determined using the weighted average method. Products that are considered to be damaged or expired are written-off.

Inventories of agricultural products are measured at fair value less costs to sell on the date of collection.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

<u>Property, plant and equipment</u> – Property, plant and equipment is recorded at cost less accumulated depreciation and amortization. Cost of property, plant, and equipment includes the acquisition price, costs incurred to bring them into operating condition at the current location, and the initial estimate of decommissioning costs. Major renewals and betterments are capitalized while maintenance and repairs, which do not improve or extend the life of the respective assets, are charged to expense as incurred. Upon retirement or other disposal of properties, the related cost and accumulated depreciation and amortization are removed from the accounts. Gains or losses on sale or retirement of property and equipment are reflected in operations. Depreciation and amortization are provided on a straight-line basis over the estimated useful lives of the assets. Costs of repairs and maintenance are charged to expense while major improvements are capitalized.

<u>Biological assets</u> – The Company measures the biological assets of harvested or collected agricultural products that come from the Company's biological assets at fair value less costs to sell at the point of harvest or collection. The change in fair value is accounted for as a gain (loss) in the accompanying consolidated statements of operations and comprehensive income.

The Company measures the biological assets of coffee, at the time of initial recognition, and on each reporting date, at cost less amortization. This measurement is the cost as of that date, for the purposes of initial recognition as inventories.

<u>Impairment of long-lived assets</u> – Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The key inputs into the Company's impairment analysis include, but are not limited to, the holding period, net operating income, and capitalization rates. In such cases, the Company will evaluate the recoverability of such long-lived assets based on estimated future cash flows and the estimated liquidation value of such long-lived assets and provide for impairment if such undiscounted cash flows are insufficient to recover the carrying amount of the long-lived asset. If impaired, the long-lived asset will be written down to its estimated fair value.

The Company's impairment analysis identifies and evaluates events or changes in circumstances that indicate the carrying amount of a long-lived asset may not be recoverable, including determining the period. No impairment charges were recorded during the years ended December 31, 2025 and 2024.

<u>Intangible assets</u> – Intangible assets are measured at cost less accumulated amortization and accumulated impairment losses. These assets have been acquired separately, the cost of which includes the acquisition price and any cost attributable to preparing the asset for its intended use. As part of a business combination, its cost corresponds to the fair value on the acquisition date, whose cost corresponds to the fair value on the date it is received. Amortization is distributed systematically over the useful life of the depreciable amount; the amortization charge is recognized as an expense and is recorded from the moment the intangible asset is available for use.

<u>Financial liabilities</u> – Financial liabilities include debt instruments (such as a promissory note or loan payable) and accounts payable in legal and foreign currency. Amortized cost corresponds to the net value of the initial recognition amount less repayments of the principal plus or minus the accumulated amortization, using the effective interest method of any difference between the initial recognition value and the value at maturity. The estimates under the effective interest method include all the contractual conditions of the financial instrument and credit losses incurred. The effective interest rate was determined based on the carrying amount of the financial liability at the time of initial recognition. The amortized cost of a financial liability is the present value of future cash flows payable discounted at the effective interest rate and the interest expense in a period is equal to the carrying amount of the financial liability at the beginning of a period multiplied by the effective interest rate for the period. Variable interest rate financial liabilities are initially recorded at the amount payable at maturity with a periodic re-estimate of cash flows to reflect changes in market interest rates.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

<u>Payroll benefits payable</u> – Employee benefits comprise all types of consideration that the Company provides to workers, including senior management, in exchange for their services. In the short term, the benefits to which employees are entitled because of the services provided to the Company, the payment of which will be made within the twelve months following the end of the period. They are recognized as of the reporting date, as a liability after deducting the amounts that have been paid directly to the employees as operating expense.

<u>Leases</u> – The Company accounts for leases following the Financial Accounting Standards Board's (FASB) Accounting Standard Codification (ASC) 842, *Leases (Topic 842)*.

The Company determines if an arrangement is or contains a lease at inception, which is the date on which the terms of the contract are agreed to, and the agreement creates enforceable rights and obligations. A contract is or contains a lease when (i) explicitly or implicitly identified assets have been deployed in the contract and (ii) the Company obtains substantially all of the economic benefits from the use of that underlying asset and directs how and for what purpose the asset is used during the term of the contract. The Company also considers whether its service arrangements include the right to control the use of an asset.

The Company made an accounting policy election available under Topic 842 not to recognize right-of-use (ROU) assets and lease liabilities for leases with a term of 12 months or less. For all other leases, ROU assets and lease liabilities are measured based on the present value of future lease payments over the lease term at the commencement date of the lease. The ROU assets also include any initial direct costs incurred and lease payments made at or before the commencement date and are reduced by any lease incentives. To determine the present value of lease payments, the Company made an accounting policy election available to non-public companies to utilize a risk-free borrowing rate, which is aligned with the lease term at the lease commencement date.

The Company has made an accounting policy election to account for lease and non-lease components in its contracts as a single lease component. During the year ended December 31, 2025, the Company recognized a ROU asset and related operating lease liability of approximately $334,000.

<u>Revenue recognition</u> – Revenue and related cost of sales are recorded when performance obligations with the customers are satisfied; generally, this occurs with the transfer of control of the products to customers. Revenues are reduced by discounts or rebates and other similar allowances estimated for customers.

Revenue from service contracts is recognized by the status of completion of the contract. Contract completion status is determined using the method of completion(s) of a physical proportion of the service transaction or employment contract that most reliably measures the work performed.

<u>Other income</u> – Income from interest, royalties and dividends is recorded when it is probable that the entity will obtain economic benefits associated with the transaction and the amount of income can be measured reliably. Interests are recognized using the effective interest method, royalties using the accrual basis in accordance with the essence of the corresponding agreement, and dividends when the members' right to receive them is established.

<u>Comprehensive income</u> – Comprehensive income consists of net income and certain changes in members' equity other than transactions with owners. Other comprehensive income (loss) relates to foreign currency translation adjustment and cross currency swaps.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

<u>Debt issuance costs</u> – Fees charged by institutions in connection with financing are capitalized and amortized to interest expense under a straight-line method, which approximates the effective interest method. Debt issuance costs related to a recognized debt liability, excluding revolving line of credit, are presented in the consolidated balance sheets as a direct deduction from the carrying amount of that debt liability.

<u>Advertising costs</u> – The Company expenses the costs of advertising the first time the advertising<br> takes place. Advertising costs amounted to approximately $1,086,000 and $372,000 for the years ended December 31, 2025 and 2024, respectively.

<u>Foreign currency transactions</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A) <u>Functional and presentation currency</u> – The subsidiaries, Green Coffee Company S.A.S. and Agrosura
 S.A.S. Zomac, functional currency is the Colombian peso (COP). These financial statements
 as of and for the years ended December 31, 2025 and 2024, are prepared using the Colombian
 peso functional currency set of issued financial statements. In the COP functional currency
 financial statements, the prevailing year-end rate to convert US dollar denominated financial
 assets and liabilities was COP $3,733.14 and COP $4,409.15 to USD $1.00 for the years ended
 December 31, 2025 and 2024, respectively, except for property, plant and equipment and
 intangible and biological assets for which the average acquisition value was used.

As of and for the years ended December 31, 2025 and 2024, GCC Trading LLC functional currency is the United States dollar (USD) and its financial statements are presented in USD.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;B) <u>Transactions and balances</u> – Foreign currency transactions are translated into the functional
 currency using an exchange rate set at the beginning of the year, which is reflective of
 the average prevailing rates. Foreign exchange gains and losses resulting from the settlement
 of such transactions and from the translation at year-end exchange rates of monetary assets
 and liabilities denominated in foreign currencies are recognized in the consolidated statements
 of operations and comprehensive income within operating expenses.

Translation differences on non-monetary financial assets and liabilities such as financial liabilities held at fair value through profit or loss are recognized in profit or loss as part of the fair value gain or loss. Translation differences in non-monetary financial assets, such as investments classified as available-for-sale, are included in other comprehensive income.

<u>Income taxes</u> – The taxable profit for the Colombian subsidiaries has been reflected within this report. For the Colombian subsidiaries, income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statements carrying amounts of existing assets and liabilities and their respective tax bases (temporary differences), and operating losses, and tax credit carryforwards.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. The Company recognizes the effect of income tax positions only if those positions are more likely than not to be sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely to be realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits in interest expense and penalties as income tax expenses.

The Company uses an asset and liability approach in the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company's financial statements or tax returns. Deferred income tax assets and liabilities are determined for differences between financial statements and tax bases of assets and liabilities that will result in taxable or deductible amounts in the future. The computation is based on enacted tax laws and rates applicable to periods in which the Company's differences are expected to be recovered or settled. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.

**2)** **Correction of prior period errors:**

During 2025, management identified errors in the previously issued consolidated financial statements as of and for the year ended December 31, 2024. Management concluded these matters represented prior period errors under ASC 250, Accounting Changes and Error Corrections, rather than changes in accounting principle or estimate. Accordingly, the accompanying comparative 2024 consolidated financial statements have been restated to correct these errors. These corrections did not affect 2025 results of operations, except through the presentation of revised comparative 2024 balances and related beginning members' capital balances, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;A) <u>Revenue recognition</u> – During 2024, management identified that certain revenue recognized
 by Agrosura S.A.S. had been recorded before the applicable revenue recognition
 criteria were satisfied because sufficient evidence of the transfer of control to customers
 had not been obtained as of the original recognition date. These errors related primarily
 to billings issued to Inversiones Chitacomar and Grupo Tap and resulted
 in the reversal of previously recognized revenue and related receivable balances in the restated
 2024 financial information. On a consolidated basis, the correction of these matters resulted
 in a decrease in net sales of $2,383,079 and a decrease in trade accounts
 receivable of $2,370,102, as of and for the year ended December 31, 2024.
 See Note 5, Accounts receivable.

&nbsp;&nbsp;&nbsp;&nbsp;B) <u>Inventory</u> – Management identified errors in the measurement and valuation of certain inventory
 balances at Agrosura S.A.S., primarily relating to agricultural supplies and coffee
 inventory, including errors in recorded quantities and the application of inventory costing
 methodologies. Management also identified a prior period error in the timing of recognition
 of certain costs associated with customer billings at Agrosura S.A.S. These matters
 resulted in misstatements in inventories and cost of sales in the previously
 issued 2024 financial statements. On a consolidated basis, the correction of these matters
 resulted in an increase in inventories of $157,449 as of December 31,
 2024 and a reduction in cost of sales of $158,311 for the year then ended.
 See Note 6, Inventories.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

&nbsp;&nbsp;&nbsp;&nbsp;C) <u>Property, plant and equipment</u> – During 2025, management determined that certain amounts recorded
 in property, plant and equipment by GCC Holdings LLC and GCC Trading
 LLC as of December 31, 2024, did not meet the applicable capitalization
 criteria and should not have been included in fixed assets. At GCC Holdings LLC, the
 adjustment related primarily to amounts recorded as the Juan Valdez Project and Buildings.
 The Juan Valdez Project balance of $807,901 was reclassified from property,
 plant and equipment, net to general and administrative expenses, including salary
 expense of $632,901 and advertising expense of $175,000. In addition, the constructions
 and buildings balance of $3,976,847 was removed from property, plant
 and equipment because it did not represent a capitalizable asset, with the offset reflected
 in the appropriate members' capital account. Related depreciation previously recorded
 on that balance was reversed, including a $535 reduction in accumulated depreciation and
 the related depreciation expense. At GCC Trading LLC, the adjustment related primarily
 to Work in Progress of $116,750, which was removed from property, plant and equipment because
 the underlying costs did not qualify for capitalization. That amount was reclassified to consulting
 fees within general and administrative expenses, and related accumulated amortization
 of $16 and depreciation expense of $16 were reversed. On a consolidated basis,
 these corrections reduced property, plant and equipment by $4,901,483, reduced property,
 plant and equipment, net by $4,900,948, contributed to an increase in general and administrative
 expenses of $924,651 and a decrease in depreciation and amortization expense of
 $550 for the year ended December 31, 2024. See Note 7, Property, Plant and
 Equipment.

&nbsp;&nbsp;&nbsp;&nbsp;D) <u>Members' capital</u> – The aggregate effect of the foregoing corrections increased the previously
 reported net loss for 2024 by $7,113,602 and reduced total members'
 capital by $7,113,602 as of December 31, 2024. As reflected in the accompanying statement
 of members' equity, the restatement resulted in a decrease in Members' Equity
 Share of $3,976,846, an increase in Accumulated Other Comprehensive Income (Loss) of
 $12,114, and a decrease in Retained Earnings of $3,148,869. In accordance with ASC
 250, these corrections were reflected through the restatement of comparative 2024 balances
 and the related adjustment to opening members' capital as of January 1, 2025.
 See the accompanying Consolidated Statements of Members' Capital and Note 17, Members'
 Capital.

&nbsp;&nbsp;&nbsp;&nbsp;E) <u>Effect of Restatement on the consolidated financial statements</u> - The following tables summarize
 the effect of the restatement on selected line items in the Company's consolidated
 balance sheet as of December 31, 2024, and consolidated statements of operations and
 comprehensive income for the year then ended.

**Consolidated Balance Sheet**

As of December 31, 2024

---

| | | | |
|:---|:---|:---|:---|
| **Assets** | **As Previously<br> Reported** | **Adjustment** | **As Restated** |
| Trade accounts receivable | $6894830 | $(2370102) | $4524728 |
| Inventories | $4913006 | $157449 | $5070455 |
| Property, plant and equipment, net | $61585062 | $(4900948) | $56684114 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Members' Capital** | **As <br> Previously<br> Reported** | **Adjustment** | **As Restated** |
| Members' Equity Share | $88139733 | $(3976846) | $84162887 |
| Other Comprehensive Income (Loss) | (397590) | 12114 | (385476) |
| Retained Earnings | 5003504 | (3148869) | 1854635 |
| Total members' equity | $92745647 | $(7113601) | $85632046 |

---

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**Consolidated Statements of Operations and Comprehensive Income**

For the year ended December 31, 2024

---

| | | | |
|:---|:---|:---|:---|
| **Net Sales and Cost of Sales** | **As<br> Previously<br> Reported** | **Adjustment** | **As Restated** |
| Net sales | $36665662 | $(2383079) | $34282583 |
| Cost of sales | $(38000362) | $158311 | $(37842051) |

---

---

| | | | |
|:---|:---|:---|:---|
| **Operating Expenses** | **As<br> Previously<br> Reported** | **Adjustment** | **As Restated** |
| General and administrative expenses | $(4132604) | $(924651) | $(5057255) |
| Depreciation and amortization | $(1381880) | $550 | $(1381330) |

---

**3)** **Risks and uncertainty:**

&nbsp;&nbsp;&nbsp;&nbsp;A) <u>Concentrations of credit risk</u> – The Company maintains cash deposits with financial institutions
 located in the United States that, at times, may exceed the amount insured by the Federal
 Deposit Insurance Corporation (FDIC) of $250,000. As of December 31, 2025 and 2024,
 the Company's deposits held in financial institutions located in the United States
 exceeded the FDIC's insured amount of $250,000 by approximately $202,000 and $1,076,000,
 respectively. The Company monitors the credit quality of this highly credited financial institution
 and believes it is not exposed to any significant credit risk with respect to these deposits.
 Also, cash deposits are held with reputable financial institutions in the Republic of Colombia,
 which are not insured, and management considers any credit exposure to be remote as the banks
 are highly rated international institutions.

The Company exposure to credit risk is limited due to the number of entities comprising trade accounts receivable and the outstanding balances generally have quick collection turnarounds.

&nbsp;&nbsp;&nbsp;&nbsp;B) <u>Market risk</u> – Market risk for the Company comprises foreign currency risk and interest
 rate risk.

<u>Foreign currency risk</u> – Foreign currency risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in foreign exchange rates and exchange control regulations. Exposure to currency exchange rates arise from the Company's use of overseas services. Most of the Company's transactions outside of Colombia are carried out in U.S. dollars and, as such, management does not expect any material losses as a result of foreign currency risk.

<u>Interest rate risk</u> – The Company is subject to interest rate risk in respect of its cash and cash equivalents. The Company's cash and cash equivalents deposited in a financial institution located in the Republic of Colombia accrued interest at an average rate of 6.49%. Management frequently monitors interest rates and does not anticipate any material losses.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**4)** **Cash and cash equivalents:**

As of December 31, 2025 and 2024, cash and cash equivalents are as follows:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Cash | $**992719** | $4467204 |
| Cash equivalents | **11106** | 9721 |
|  | $**1003825** | $4476925 |

---

**5)** **Accounts receivable:**

As of December 31, 2025 and 2024, accounts receivable consists of the following:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 <br> (As restated) |
| Trade receivables | $**1097968** | $4524728 |
| Other receivables | **87878** | 239826 |
|  | $**1185846** | $4764554 |

---

**6)** **Inventories:**

As of December 31, 2025 and 2024, inventories consist of the following:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024<br> (As restated) |
| Spare parts and accessories | $**414068** | $453877 |
| Raw materials and supplies | **1882860** | 310281 |
| Product in process | **134530** |  |
| Finished coffee products | **1209663** | 4306297 |
|  | $**3641121** | $5070455 |

---

Inventories do not have restrictions or encumbrances that limit their negotiation or realization. The inventory balances are represented in the main elements necessary to carry out the operation and the agricultural products harvested in the biological assets.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**7)** **Property, plant and equipment:**

Property, plant and equipment as of December 31, 2025 and 2024, consist of the following:

---

| | | | |
|:---|:---|:---|:---|
| Description | Estimated useful <br> lives in years | **2025** | 2024 <br> (As restated) |
| Land |  | $**26799803** | $26617204 |
| Constructions in progress |  | **2426062** | 2886003 |
| Constructions and buildings | 20-40 | **20908199** | 19839539 |
| Machinery and equipment | 8-15 | **7454207** | 5827219 |
| Office equipment | 5-10 | **215937** | 72796 |
| Computer and communication equipment | 3-5 | **1838554** | 1742276 |
| Fleet and transport equipment | 10-15 | **2297968** | 2297951 |
| Depreciable crops | 10-15 | **3350286** | - |
|  |  | **65291016** | 59282988 |
| Less: Accumulated depreciation and amortization |  | **(4473103)** | (2598874) |
|  |  | $**60817913** | $56684114 |

---

**8)** **Intangible assets:**

Intangible assets represent licenses and its related accumulated amortization. As of December 31, 2025 and 2024, are as follows:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Licenses | $**890301** | $795191 |
| Less: Accumulated amortization | **(246517)** | (42500) |
|  | $**643784** | $752691 |

---

**9)** **Reconciliation of changes in biological assets carrying amount:**

Following is a reconciliation of changes in the carrying amount of biological assets during the years ended December 31, 2025 and 2024:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Fair value, beginning of year | $**44509688** | $32748248 |
| Change in fair value | **4755781** | 7864388 |
| Acquisition and improvements of biological assets | **2973306** | 5174134 |
| Less: Harvest of biological assets | **(771813)** | (1269055) |
| Less: Reclassification to Property, plant and equipment | **(3350286)** |  |
| Less: Amortization expense | **(6824)** | (8027) |
| Fair value, end of year | **48109852** | 44509688 |
| Less: Current portion of biological assets, net | **(1641319)** | (771813) |
| Non-current portion of biological assets, net | $**46468533** | $43737875 |

---

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**10)** **Fair value biological assets:**

During the years ended December 31, 2025 and 2024, the change in fair value of biological assets was $4,755,781 and $7,864,388, respectively, recognized in the accompanying consolidated statements of operations and comprehensive income.

**11)** **Accounts payable trade:**

The Company's accounts payable trade as of December 31, 2025 and 2024, are as follows:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Coffee suppliers | $**268157** | $106450 |
| Engineering and construction services | **-** | 447850 |
| Raw Materials | **57** | 74973 |
| Professional fees | **283739** | 102754 |
| SAP Consultancy | **-** | 124366 |
| Other trade suppliers | **-** | 451889 |
| Other accrued and operating payables | **1877832** | - |
|  | $**2429785** | $1308282 |

---

**12)** **Other payable:**

The Company's other payable as of December 31, 2025 and 2024, are as follows:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Taxes and related withholdings (VAT and other) | $**51970** | $147069 |
| Other providers | **199307** | 89625 |
|  | $**251277** | $236694 |

---

**13)** **Commercial loans payable:**

As of December 31, 2025 and 2024, the Company has loans payable with third party commercial lenders of $13,380,226 and $20,951,422 bearing interest from 3.32% to 20.83% with principal and interest due up to 2029 and secured by equipment. As of December 31, 2025 and 2024, the current portion of bank loans due is $5,292,095 and $8,066,192, respectively.

**14)** **Seller financing:**

As of December 31, 2025 and 2024, the Company has outstanding seller financing loans of $2,805,929 and $4,935,263, respectively, payable through 2026 and secured by land. The effective interest rates at December 31, 2025 and 2024, is from no interest to 6.00%. As of December 31, 2025 and 2024, the current portion of these loans is $2,805,929 and $2,392,834, respectively. The Company is currently renegotiating the terms of seller financing loans due in 2026.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**15)** **Leases:**

On March 24, 2025, the Company entered a noncancelable operating lease for office space with a lease term of 66 months commencing on May 1, 2025. The lease provides for initial annual base rent of $77,880, subject to contractual rent escalations, and includes a six-month rent abatement for the first six full months of the lease term. At lease commencement, the Company recognized a ROU asset and related operating lease liability of $333,955, representing the present value of future lease payments over the lease term. The Company did not elect the practical expedient to use a risk-free discount rate and instead applied an incremental borrowing rate of 7.22%; the monthly rate used in the amortization schedule was 0.5834027%. The lease also required a security deposit of $20,081, which is recorded separately and is not included in the measurement of the lease liability.

For the years ended December 31, 2025 and 2024, the component of the lease cost is as follows:

---

| | | | |
|:---|:---|:---|:---|
| Description | Financial Statements<br> Classification | **2025** | 2024 |
| Operating lease cost | General and administrative | $**49658** | $- |

---

Maturities of lease liability for the operating lease are as follows as of December 31, 2025:

---

| | |
|:---|:---|
| Year ending December 31, | Amount |
| 2026 | $78962 |
| 2027 | 80584 |
| 2028 | 82207 |
| 2029 | 83829 |
| 2030 | 71120 |
| Total lease payments | 396702 |
| Less: Imputed interest | (59932) |
| Present value of operating lease liability | 336770 |
| Less: Current portion | (57660) |
|  | $279110 |

---

As of December 31, 2025 and 2024, the remaining lease terms and discount rates for the Company's operating lease are as follows:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Remaining lease term in years | **4.8 years** |  |
| Discount rate | **7.22%** |  |

---

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**16)** **Income tax:**

There are no significant differences between the income tax and financial statements basis for the years ended December 31, 2025 and 2024.

As of December 31, 2025 and 2024, deferred tax asset (liability) components consist of the following:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 |
| Deferred tax assets: |  |  |
| &nbsp;&nbsp;&nbsp;Net operating loss carryforward | $- | $- |
| Deferred tax liability: |  |  |
| &nbsp;&nbsp;&nbsp;Biological assets and property, plant and equipment revaluation gain | **(5715766)** | (4064342) |
|  | $**(5715766)** | $(4064342) |

---

**17)** **Members' capital:**

As of December 31, 2025 and 2024, the Company had shares issued and outstanding amounting to 125,809.81 and 111,751.39, respectively, with no par value.

**18)** **Supplemental disclosures for statements of cash flows:**

&nbsp;&nbsp;&nbsp;&nbsp;A) <u>Non-cash financing transactions</u> – During the years ended December 31, 2025 and 2024,
 investing and financing activities consisted of the following:

---

| | | |
|:---|:---|:---|
| Description | **2025** | 2024 <br> (As restated) |
| Harvest of biological assets | $**(771813)** | $(1269055) |
| Reclassification from Biological assets to Property, plant and equipment | $**3350286** | $- |

---

&nbsp;&nbsp;&nbsp;&nbsp;B) <u>Other cash flows transactions</u> – Total interest paid during the years ended December 31,
 2025 and 2024, amounted to approximately $1,558,000 and $1,383,000, respectively. During
 the years ended December 31, 2025 and 2024, the Company did not make income tax payments.

**19)** **Reclassifications:**

Certain reclassifications of balances have been made to December 31, 2024 consolidated financial statements to conform them to December 31, 2025 consolidated financial statements presentation for comparison purposes.

![](tm2614683d1_partiiimg003.jpg)

**GREEN COFFEE COMPANY HOLDINGS, LLC AND SUBSIDIARIES**

**Notes to Consolidated financial statements**

**December 31, 2025 and 2024**

**20)** **Subsequent events:**

Management has evaluated subsequent events through April 24, 2026, the date the consolidated financial statements were available to be issued. On August 28, 2025, the shareholders of Green Coffee Company S.A.S., a consolidated subsidiary of the Company, authorized the subsidiary's legal representative to negotiate and enter into a credit facility with the Institute for the Development of Antioquia (IDEA) in an aggregate amount of up to COP 35,892 million (approximately USD 10.0 million, based on the applicable exchange rate at the date of authorization). The proposed financing is intended to support working capital needs, including labor, coffee purchases, maintenance, and other operating production activities. In connection with the proposed financing, the shareholders also authorized the granting of certain collateral and the execution of related agreements and documents, which may include real property, machinery and equipment, and amendments to existing trust arrangements.

Management determined that this matter represents a nonrecognized subsequent event under ASC 855, Subsequent Events, because no legal obligation or funding had occurred as of December 31, 2025. Accordingly, no amounts related to this proposed financing have been recorded in the accompanying consolidated financial statements. The Company will recognize the financial statement effects of the transaction in the period in which the financing is formally executed, if consummated.

**PART III**

**EXHIBITS**

The documents listed in the Exhibit Index of this report are incorporated by reference or are filed with this Offering Statement, in each case as indicated below.

---

| | |
|:---|:---|
| **Exhibit<br> No.** | **Title of Document** |
| [1.1](tm2614683d1_ex1-1.htm) | [DealMaker Securities Order Form](tm2614683d1_ex1-1.htm) |
| [2.1](tm2614683d1_ex2-1.htm) | [Certificate of Formation](tm2614683d1_ex2-1.htm) |
| [2.2](tm2614683d1_ex2-2.htm) | [Second Amended and Restated Limited Liability Company Agreement](tm2614683d1_ex2-2.htm) |
| [4.1](tm2614683d1_ex4-1.htm) | [Form of Subscription Agreement](tm2614683d1_ex4-1.htm) |
| [6.1\*](tm2614683d1_ex6-1.htm) | [Joint Development Agreement between Green Coffee Company Holdings, LLC and Promotora de Café Colombia S.A.](tm2614683d1_ex6-1.htm) |
| [6.2\*](tm2614683d1_ex6-2.htm) | [First Amendment to Joint Development Agreement](tm2614683d1_ex6-2.htm) |
| [6.3](tm2614683d1_ex6-3.htm) | [Second Amendment to Joint Development Agreement](tm2614683d1_ex6-3.htm) |
| [6.4](tm2614683d1_ex6-4.htm) | [Employment Agreement of Ted Skodol](tm2614683d1_ex6-4.htm) |
| [11.1](tm2614683d1_ex11-1.htm) | [Consent of RSM Puerto Rico LLP](tm2614683d1_ex11-1.htm) |
| 12.1 | Validity Opinion\*\* |
| 13.1 | Testing the Waters materials\*\* |

---

\* Portions of this exhibit have been omitted pursuant to the instructions to Item 17 of Form 1-A.

\*\* To be filed by amendment

**SIGNATURES**

Pursuant to the requirements of Regulation A, the issuer certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form 1-A and has duly caused this offering statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Oak Brook, Illinois, on May 21, 2026.

---

| |
|:---|
| Green Coffee Company Holdings, LLC |
| /s/ Adam Jason |
| Adam Jason |
| Co-Chief Executive Officer |
| May 21, 2026 |

---

Pursuant to the requirements of Regulation A, this offering statement has been signed below by the following persons on behalf of the issuer and in the capacities and on the dates indicated.

---

| |
|:---|
| /s/ Cole Shephard |
| Cole Shephard |
| Co-Chief Executive Officer and Chairman |
| Date: May 21, 2026 |
| /s/ Adam Jason |
| Adam Jason |
| Co-Chief Executive Officer and Vice Chairman |
| Date: May 21, 2026 |
| /s/ Ivonne Windmüller Palacio |
| Ivonne Windmüller Palacio |
| Chief Financial Officer and principal accounting officer |
| Date: May 21, 2026 |

---

## Ex1A-1

**Exhibit 1.1**

![](tm2614683d1_ex1-1.jpg)

**Order Form**

**Green Coffee Company Reg A+ Agreement with DealMaker Securities**

---

| | |
|:---|:---|
| **Prepared for: Green Coffee Company** | **Quote Date: Mar 30, 2026** |
| **Contact: Cole Shephard** | **Valid Until: Apr 22, 2026** |
| **Email: cole.shephard@legacy-group.co** | **Proposed By: Amanda Benaim** |

---

**Billing Information**

---

| | |
|:---|:---|
| ***Effective Date:*** | Mar 31, 2026 8:49:57 AM UTC-0500 |
| ***Payment Terms:***<br>| 100% Due on Signing. Green Coffee Company will not pay for Reg A+ monthly fee's with DealMaker while they are paying monthly fee's for their CF offering with DealMaker. |
| ***Billing Contact:*** | Robby Kuster |
| ***Billing Phone:*** |  |
| ***Contract Billing Email:*** | robby.k@gcc-coffee.com |
| ***Accounting Billing Email:*** | robby.k@gcc-coffee.com |
| ***Billing Address:*** | 1301 W 22nd Street Suite 310, Oak Brook IL United States 60523 |

---

**Set Up Fees**

---

| | |
|:---|:---|
| **Set Up Fees** | **Net Price** |
| DealMaker Marketing Services - Full Package Setup | 0 |
| DealMaker Securities – Reg A Onboarding Setup | $27500 |
| DealMaker.tech Plus Setup | $10000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Setup** | $**37500** |

---

**Monthly Fees**

---

| | |
|:---|:---|
| **Monthly Fees** | **Net Price** |
| DealMaker Marketing Services - Marketing Advisory Monthly Fee | $11000 |
| DealMaker Marketing Services - Marketing Consulting Monthly Fee | $2000 |
| DealMaker.tech - Plus Platform Monthly Fee | $2000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Total Net Monthly** | $**15000** |

---

1/43

This Order Form sets forth the terms of service by which a number of separate DealMaker affiliates are engaged to provide services to Customer (collectively, the "**Services**"). By its signature below in each applicable section, Customer hereby agrees to the terms of service of each company referenced in such section. Unless otherwise specified above, the Services shall commence on the date hereof.

By proceeding with its order, Customer agrees to be bound contractually with each respective company. The Applicable Terms of Service include and contain, among other things, warranty disclaimers, liability limitations and use limitations.

In particular, Customer understands and agrees that it is carrying out a self-hosted capital raise and bears primary responsibility for the success of its own raise. No DealMaker entity is ever responsible for the success of Customer's offering and no guarantees or representations are ever in place with respect to (i) capital raised (ii) investor solicitation or (iii) completion of investor transactions with Customer. Customer agrees and acknowledges that online capital raising is uncertain, and that nothing in this agreement prevents Customer from pursuing concurrent or sequential alternative forms of capital raising. Customer should use its discretion in choosing to engage the vendors described in this Agreement and agrees that such entities bear no responsibility to Customer with respect to raising capital.

There shall be no force or effect to any different terms other than as described or referenced herein (including all terms included or incorporated by reference) except as entered into by one of the companies referenced herein and Customer in writing.

A summary of Services purchased is described in the Schedule "Summary of Compensation" attached. The applicable Terms of Service are described on the Schedules thereafter, and are incorporated herein.

Services NEVER include providing any investment advice nor any investment recommendations to any investor.

2/43

---

| | |
|:---|:---|
| Green Coffee Company | Green Coffee Company |
| **Name** | Cole Shephard |
| **Title** | Director |
| **Signature** | /s/ Cole Shephard |
|  | Director |
| **Date** | Mar 31, 2026 8:49:57 AM UTC-0500 |

---

3/43

**Schedule "Summary of Compensation"**

&nbsp;&nbsp;&nbsp;&nbsp;**A.** **Regulation A Offering** 

**●** **$37,500 One-Time Advances** (advances against accountable expenses anticipated to be incurred, and refunded to extent not actually incurred)

*This advance includes:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. $27,500 prepaid to DealMaker Securities
 LLC ("Broker") for Pre-Offering Analysis

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. $10,000 prepaid to Novation Solutions
 Inc. ("DealMaker") for infrastructure for self-directed electronic roadshow

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. $0 prepaid to DealMaker Reach, LLC (O/A DealMaker Marketing
Services) ("Marketing Services") for consulting and developing materials for
 self-directed electronic roadshow

**●** **$13,000 monthly account management compensation.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Monthly
 account management and software access commences in the month of the Commencement date. If
 no Commencement date is stated on the Order Form, services and invoices for those services
 commence in the first month following the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o It
 is expected services will commence in advance of the offering being qualified, and therefore
 compensation in the form of advances against accountable expenses anticipated to be incurred,
 and fully refunded to extent not actually incurred, will be collected associated with services.
 A maximum of $39,000 or three months of account management compensation is payable prior
 to qualification of the offering containing the Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o After the commencement of the offering,
 monthly compensation includes:

● $2,000 account maintenance fees payable to DealMaker (up to a maximum of $18,000 during the Offering)

● $11,000 marketing advisory fees payable to Marketing Services (up to a maximum of $99,000 during the Offering)

**●** **4.25% Commission on Cash Compensation From All Proceeds:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Cash compensation does not include processing
 investor refunds for Customers, which are chargeable at $50.00 per refund.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Customer shall be responsible for third-party fees with respect to payment
 processing.\* These are to be disclosed as separate selling related expenses in the Form 1-A
 and Offering Statement for the offering and not connected to Broker of its affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;o Customer may elect to offset all or a portion of these fees by levying
 an administrative fee to investors. The Cash Compensation would also be applied to the collection
 of the administrative fee from the investors.

**●** **Media Management Services to be determined on a case-by-case basis, as may be authorized by the Customer, up to a maximum of an additional $1,125,000 of compensation during the Offering.** 

**●** **$11,750 in Corporate Filing Fees (payable to Broker to be remitted to FINRA). All Corporate Filing Fees for the initial filing are due and to be paid prior to submission of the 5110 Filing to FINRA. This fee is dynamic based on changes to the aggregate offering total, so if there are changes to the offering that increase the price or number of securities being sold prior to the offering termination, the FINRA fee will increase. Any additional fee will be invoiced prior to or at the time of submission and due upon receipt.** 

**\*Fees are estimated to be approximately 2% of offering proceeds.**

4/43

**Fair Compensation**

To ensure adherence to FINRA's fair compensation guidelines, Broker is required to set the maximum underwriting compensation to be received in the Offering. Components of compensation for Services are tied to the total aggregate offering price (maximum value of the offering including administrative fees, bonus shares, value of underlying securities. Changes to the value will change the Maximum Compensation described here. Broker will ensure that, in any scenario, the aggregate compensation payable to Broker and its affiliates in respect of Services related to the Offering shall never exceed a maximum amount.

If the Offering is fully subscribed, the maximum amount of underwriting compensation will be $3,989,805.59, for an aggregate offering price of $75,000,000.

*\*In the event that the Financial Industry Regulatory Authority ("FINRA") Department of Corporate Finance does not issue a no objection letter for the Offering, all underwriting compensation paid is fully refundable other than for services actually rendered.*

&nbsp;&nbsp;&nbsp;&nbsp;**B.** **Non-Regulation A Offering Fees** 

**●** **$2,000 monthly consulting fees to Marketing Services for branding and marketing services unrelated to the Offering.** 

5/43

**Schedule "Scope of Marketing Services"**

(provided by DealMaker Marketing Services)

Full Marketing Compensation Includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Website Design and Development:

● Copywriting and design of the website with up to 3 rounds of revisions at the copywriting stage and design stage each.

● Development of the website using Webflow.

● Integration of tracking, analytics, and pixels.

● Ongoing maintenance and management of website content.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Audience-Building Infrastructure:

● Audience building through email capture on landing pages.

● Creation of the following email series:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Investor educational email series (4
 to 6 emails)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Post investment series (1-2 emails)

● Design and implementation of email capture in Klaviyo.

● Integration of DealMaker webhooks to build and track the investor funnel and status.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Video Production:

● Creation of a campaign video to highlight the investment opportunity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. 90-120 Seconds

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Basic Motion Graphics (includes lower-thirds,
 basic text animations, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iii. Access to Stock Footage

● Creation of video script with up to 2 rounds of revisions on the script.

● One full day of video shooting (up to 10 hours).

● Creation of final video with up to three revisions of edits

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Conversion Rate Optimization (CRO):

● Continuous testing of website content to improve conversion rates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Email Marketing:

● Ongoing nurturing of the email list with updates repurposed from the Customer's campaign announcements, relevant news, and webinars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Ad Creative

● 4-6 image assets resized for all channels

● 2-3 video assets resized for all channels

● 3-4 copy variations applicable to respective channels

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Paid Media

● Management of Google ADs including Search, Display, Google Discovery, and YouTube ads.

● Management of Meta Ads (Facebook & Instagram) as well as Twitter/X ads upon request.

● Ongoing testing of ad copy and creative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Media Network:

● Sourcing and negotiating private media placements with relevant publishers and email newsletters.

● Purchases of media placements will include a fee equal to 15% of the total spend. Aggregate fees shall not exceed the maximum listed in "Schedule: Summary of Compensation"

6/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Reporting:

● Regular calls: bi-weekly

● Strategic planning, implementation, and execution of the marketing budget.

● Coordination with third-party agents in connection with the performance of services.

● Monthly forecasting.

● Monthly and bimonthly report generation.

Customer is responsible for reviewing items 1 through 9 with Customer's professional advisors, as required Marketing Services monthly fee will commence in the first month following **the Effective Date**.

COMPENSATION NOT INCLUDED

● Expenses

**Marketing Services are provided by DealMaker Reach, LLC (O/A DealMaker Marketing Services). Customer hereby agrees to the terms set forth in the DealMaker Marketing Services Terms of Service, with compensation described on Schedules "Summary of Compensation" and "Scope of Marketing Services" hereto.**

---

| | |
|:---|:---|
| **Customer Signature** | /s/ Cole Shephard |
|  | Director |

---

7/43

**Schedule "Broker Dealer Services" (DealMaker Securities LLC)**

**Pre-Offering Analysis**

● Reviewing Customer, its affiliates, executives and other parties as described in Rule 262 of Regulation A, and consulting with Customer regarding the same.

**Pre-Offering Consulting for Self-Directed Electronic Roadshow**

● Reviewing with Customer on best business practices regarding raise in light of current market conditions and prior self-directed capital raises

● Reviewing with Customer on customization for investor questionnaire, selection of webhosting services, and template for campaign page

● Advising Customer on compliance of marketing material and other communications with the public with applicable legal standards and requirements

● Providing advice to Customer on content of Form 1A and Revisions

● Assisting in the preparation of SEC and FINRA filings

● Working with the Client's SEC counsel in providing information to the extent necessary

**Advisory, Compliance and Consulting Services During the Offering**

● Reviewing investor information, including identity verification, performing AML (Anti-Money Laundering) and other compliance background checks, and providing Customer with information on an investor in order for Customer to determine whether to accept such investor into the Offering;

● If necessary, discussions with the Customer regarding additional information or clarification on an Customer-invited investor;

● Coordinating with third party agents and vendors in connection with performance of services;

● Reviewing each investor's subscription agreement to confirm such investor's participation in the offering and provide a recommendation to the company whether or not to accept the subscription agreement for the investor's participation;

● Contracting and/or notifying the company, if needed, to gather additional information or clarification on an investor;

● Providing ongoing advice to Customer on compliance of marketing material and other communications with the public, including with respect to applicable legal standards and requirements;

● Reviewing with Customer regarding any material changes to the Form 1A which may require an amended filing; and

● Reviewing third party provider work-product with respect to compliance with applicable rules and regulations.

**Customer hereby engages and retains DealMaker Securities LLC, a registered Broker-Dealer, to provide the applicable services described above. Customer hereby agrees to the terms set forth in the DealMaker Securities Terms, with compensation described on Schedule "Summary of Compensation" hereto.**

8/43

---

| | |
|:---|:---|
| **Customer Signature** | /s/ Cole Shephard |
|  | Director |

---

**Schedule**

**"DealMaker.tech Subscription Platform and Shareholder Services Online Portal"**

**During the Offering, Subscription Processing and Payments Functionality**

● Full analytics suite to track all aspects of the offering and manage the conversion of prospective investors into actual investors.

**Apart from the Offering, Shareholder Management via DealMaker Shareholder Services**

● Access to DM Shareholder Management Technology to provide corporate updates, announce additional financings, and track engagement

● Document-sharing functionality to disseminate share certificates, tax documentation, and other files to investors

● Monthly compensation is payable to DealMaker.tech while the client has engaged DealMaker Shareholder Services

**Subscription Management and DM Shareholder Management Technology is provided by Novation Solutions Inc. O/A DealMaker. Customer hereby agrees to the terms set forth in the DealMaker Terms of Service with compensation described on Schedule "Summary of Compensation" hereto.**

---

| | |
|:---|:---|
| **Customer Signature** | /s/ Cole Shephard |
|  | Director |

---

9/43

![](tm2614683d1_ex1-1img002.jpg)

**DEALMAKER TERMS OF SERVICE**

These Terms of Services **("Terms")** govern access to the software and services provided by any of the DealMaker entities such as Novation Solutions Inc., O/A DealMaker (**"DealMaker.tech"**), DealMaker Reach, LLC (**"DM Reach"**), DealMaker Securities LLC (**"DMS"**) and DealMaker Transfer Agent LLC, O/A DealMaker Shareholder Services (**"DMTA"**) (individually, each a **"DealMaker Entity"** and collectively, the **"DealMaker Entities"**). Each of the entities may be referred to as **"DealMaker"** or the **"Company"** in these Terms.

These Terms have legal implications. It is important that you read these terms carefully and consult legal counsel if you determine that is appropriate, in order to understand these Terms.

The Terms, together with the DealMaker order form from which this page was linked (**"Order Form"**), form an agreement between the Customer (as defined in the order form) and the applicable DealMaker entit(ies) being engaged for technology or services (each an **"Agreement"**). Each of these Agreements may be referred to as "an Agreement" or "the Agreement" in these Terms.

Each Agreement contains, among other things, warranty disclaimers, liability limitations and use limitations. Each Agreement also contains an arbitration provision which is enforceable against the parties and may impact your rights and obligations. By signing the Order Form and using the DealMaker Entity services described in such Order Form, Customer accepts and agrees to be bound by these Terms.

These Terms apply to all DealMaker Entities unless a DealMaker Entity is explicitly excluded or alternative terms are supplemented, as indicated below.

**<u>1. Definitions</u>**

**"Account"** means Investment funds deposited in Customer's account with a financial institution by (i) Customer's investors directly, funded via wire or check or (ii) a third party payment processor, prior to the Closing of any transaction involving such investments.

**"Closing"** means the resolution of all applicable AML-related exceptions or discrepancies identified through any searches provided by third parties through Company or otherwise identified by or to Company for all transactions associated with an investment and the acceptance by the Customer of the investment associated with such transactions.

10/43

**"Closing Date"** means the date of each Closing.

**"Commencement Date"** occurs in the month the Customer begins paying monthly subscription fees. If no Commencement Date is stated on the Order Form, monthly subscription fees are payable in the month following the Effective Date.

**"Customer Payment Processing Account"** means a Customer's account with a third party payment processor into which Customer deposits investment funds.

**"DM Shareholder Management Technology"** means DealMaker's investor communication functionality technology and/or services provided by DealMaker.tech.

**"Effective Date"** is the date the Agreement is signed.

**"Escrow Account"** means Customer's third party escrow account into which Customer directs investment funds from Investors.

**"Improvements"** means any improvements, updates, variations, modifications, alterations, additions, error corrections, enhancements, functional changes or other changes to the Software, including, without limitation: (i) improvements or upgrades to improve software efficiency and maintainability; (ii) improvements or upgrades to improve operational integrity and efficiency; (iii) changes or modifications to correct errors; and (iv) additional licensed computer programs to otherwise update the Software.

**"Intended Purpose"** means Customer's use of the Software to raise capital online via technology or services provided by DealMaker.tech.

**"Offerings"** refers to online capital formation transactions completed by Company's Customers or Customer's clients, using the Software.

**"Software"** means the DealMaker™ cloud-based software program developed by Company, including its features, functionality, performance, application and use, any related printed, electronic and online documentation, manuals, training aids, user guides, system administration documentation and any other files that may accompany the Software used by the Customer.

**"TOS"** means the DealMaker.tech website terms of service located at https://www.dealmaker.tech/terms.

**<u>2. Term and Termination</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>2.1. Term</u>**

**Unless otherwise stated in the Order Form, the Agreement will remain in effect from the Effective Date until the first day of the month following the completion of an Offering ("Term"). The Term for DMTA is set forth in the DMTA terms.**

11/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>2.2. Billing Terms</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1. <u>One-Time Advances/Setup Billing</u>: Unless otherwise specified in the Order Form, one-time advances/setup charges are only invoiced once, prior to the commencement of Services. With the payment of these invoices, Services would begin.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2. <u>Monthly Invoices</u>: Unless otherwise specified in the Order Form, charges for monthly account management will be invoices monthly, in arrears, and reflect accountable expense totals for Services in advance of an offering's qualification or account management fees associated with ongoing services after the offering's qualification. These would continue to be invoiced monthly for the term of the Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.3. <u>DM Shareholder Management Technology Fees</u>: DM Shareholder Management Technology is a service offered by DealMaker.tech. Unless otherwise specified in the DealMaker.tech or DMTA fee schedules to your Order Form, fees for use of the DM Shareholder Management Technology, when applicable, are invoiced monthly and the services can be canceled within any month upon written notice, effective the month following cancellation of DealMaker.tech services, except for DMTA Customers. Cancellation of fees for use of DM Shareholder Management Technology for DMTA customers is governed by the DMTA terms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.4. <u>DealMaker Transactional Fees</u> are incurred at the time of each transaction and charged on a monthly basis in arrears or collected at time of service, as specified in the Order Form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.5. **<u>Payment</u>.** DealMaker shall be compensated as set out in the Order Form. Unless otherwise specified in the schedules to the Order Form, required by a third party vendor or required by an applicable law or regulation, Customer will be invoiced on a monthly basis. Payment will be automatically debited from the Customer's, third party payment processor treasury account, bank account or credit card on file, with a receipt to be automatically delivered. Invoices will be available for the Customer to review upon request. In the event that any Customer payment fails, in respect of any invoice due and payable to a DealMaker Entity (**"Aged Invoice"**), Customer must re-connect its, third party payment processor treasury account, bank account or update credit card within fourteen (14) days and submit payment for any Aged Invoice. Unless Aged Invoices are cleared and accounts are brought back into good standing within 14 days, automated payouts and reconciliation reporting will be disabled. In the event the Aged Invoices are not cleared, or accounts are not brought back into good standing within 30 days, all services will be paused until payment is received and the Customer's, third party payment processor treasury account, bank account or credit card authorization is restored. DealMaker reserves the right to debit from Customer's credit card authorization on file or authorized payment account in respect of any Aged Invoice thirty days or older, unless the Customer disputes the charges in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>2.3. Termination</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1. <u>Termination for Cause</u>. Customer or any DealMaker Entity may terminate this Agreement immediately for Cause, as to any or all Subscription services. "Cause" includes a determination that a party is acting, or have acted, in a way that has negatively reflected on or impacted or may negatively reflect on or impact the other party, its prospects, or its customers, including without limitation in a way that violates or causes a violation of applicable law or regulation. Upon termination for cause, there are no additional fees incurred. All prepaid unused fees would be returned.

12/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2.3.2. Otherwise, an Agreement may only be terminated as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. <u>Material Breach</u>: A party may terminate this Agreement upon sixty (60) days written notice if the breaching party fails to perform or observe any material term, covenant, or condition to be performed or observed by it under this Agreement and such failure continues to be unremedied after sixty (60) days' written notice of such failure from Company to Customer.

If the breach has not been cured within the sixty-day period, the non-breaching party may terminate this Agreement forthwith and may immediately exercise any one or more of the remedies available to it under the Terms of this Agreement, in addition to any remedy available at law. Any compensation paid to the Company prior to the qualification of an offering, if those expenses have not been incurred, would be returned by Company to the Customer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. <u>Customer Default</u>. If Customer defaults in performing its obligations under an Agreement, Company may terminate this Agreement (i) upon written notice if any material representation or warranty made by Customer proves to be incorrect at any time in any material respect or (ii) upon written notice, in order to comply with a legal requirement, if such compliance cannot be timely achieved using commercially reasonable efforts, after Company has provided Customer with as much notice as practicable; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. <u>Right of Termination – Insolvency/Bankruptcy</u>: A party may terminate an Agreement immediately, if the other party becomes the subject of a petition in bankruptcy or any other proceeding relating to insolvency, cessation of business, liquidation or assignment for the benefit of creditors, reorganization or other relief, or is adjudged bankrupt or insolvent or has entered against it a final and unappealable order for relief, under any bankruptcy, insolvency, or other similar law. In the event of Company insolvency, all of the Customer's assets are immediately released.

(collectively, **"Termination Reasons"**)

Other than the Termination Reasons, unless explicitly stated otherwise, an Agreement may not otherwise be terminated prior to the end of the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.3. The termination of an Agreement as described herein shall not exclude the availability of any other remedies. Any delay or failure by either party to exercise, in whole or in part, any right, power, remedy or privilege shall not be construed as a waiver or limitation to exercise, in whole or in part, such right, power, remedy or privilege.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.4. All terms of an Agreement, which should reasonably survive termination, shall survive, including, without limitation, confidentiality, limitations of liability and indemnities, arbitration and the obligation to pay compensation relating to services provided by the DealMaker Entity prior to termination.

**<u>3. Intellectual Property</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Title</u>. Company retains title to and sole ownership of the Software and all Improvements.

13/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Cloud-Based Software</u>. The Software is cloud based. As such, the source and object code are located on servers outside of the Customer's premises. Customer shall have no access to the facilities at which the Software is hosted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. <u>Intellectual Property</u>. All Intellectual Property, Intellectual Property Rights and distribution rights associated with or arising from Company's Confidential Information including but not limited to the Software, remain exclusively with Company. **"Intellectual Property"** includes, without limitation, with respect to all DealMaker Products: all technical data, designs, specifications, software, data, drawings, plans, reports, patterns, models, prototypes, demonstration units, practices, inventions, methods and related technology, processes or other information, and all rights therein, including, without limitation, patents, copyrights, industrial designs, trade-marks and any registrations or applications for the same and all other rights of intellectual property therein, including any rights that arise from the above items being treated by the parties as trade secrets (the rights being **"Intellectual Property Rights."**)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4. <u>Restrictions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.1. Customer may not: (i) modify, enhance, reverse-engineer, decompile, disassemble or create derivative forms of the Software; (ii) copy the Software; (iii) sell, sub-license, lease, transmit, distribute or otherwise transfer rights in/to the Software; (iv) allow third-party use of the Software installed at the Site; or (v) pledge, hypothecate, alienate or otherwise encumber the Software to any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.2. Use of the Software is restricted to the Intended Purpose only. Customer agrees not to engage in any activity restricted by the TOS or transfer any information restricted by the TOS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4.3. Customer acknowledges that unauthorized reproduction or distribution of the Software is expressly prohibited by law and may result in civil and criminal penalties. Violators may be prosecuted. Customer may not reverse engineer, decompile, disassemble or otherwise attempt to discover the source code of the Software, DealMaker website or any part thereof, except and only to the extent that such activity is expressly permitted by applicable law notwithstanding this limitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5. Customer represents and warrants that any Customer assets or materials provided and the intended use thereof in accordance with the terms of each Agreement, will not infringe, violate, or misappropriate any third party rights, including without limitation, any copyrights, trademarks, trade secrets, privacy, publicity, or other proprietary or intellectual property rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6. Customer represents and warrants that Customer will not to bid on or use any DealMaker Entity trademarks, brand names, or any variations thereof in Customer's paid search advertising campaigns. This includes, but is not limited to, Google AdWords, Bing Ads, and other search engine marketing platforms. Unless otherwise provided for in the Agreement, Customer shall not:

3.6.1.bid on or use our trademarks as keywords in Customer's paid search campaigns;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.2. include DealMaker Entity trademarks in Customer's ad copy, display URL, or landing page URL; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6.3. use any misspellings, variations, or confusingly similar terms to DealMaker Entity trademarks in Customer's paid search activities;

14/43

DealMaker reserves the right to monitor and enforce compliance with these trademark bidding restrictions.

**<u>4. Confidential Information</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. **"Confidential Information"** means any and all confidential or proprietary information of DealMaker or Customer, including affiliates thereof, which has been or may be disclosed by one party to this Agreement ("Disclosing Party") to the other party ("Receiving Party"), at any time prior to and during the Agreement Term, including, without limitation, the names of employees and owners, the names or other personally identifiable information of customers, business and marketing information, technology, know-how, ideas, reports, techniques, methods, processes, uses, composites, skills, and configurations, intellectual property of any kind and all documentation provided by investors in the Offering. Without limiting the generality of the foregoing, DealMaker's Confidential Information includes: (i) the Software; (ii) the computer code underlying the Software, including source and compiled code and all associated documentation and files; (iii) information relating to the performance or quality of the Software and services provided by the DealMaker Entity; (iv) the details of any technical assistance provided to Customer during the Term; (v) any other products or service made available to Customer by DealMaker during the Agreement Term; and (vi) information regarding DealMaker's business operations including its research and development activities. All work product, pricing, Agreement terms and process information of either party exchanged with the other party to perform the terms of the Agreement is agreed to be Confidential Information, except that any logos or marketing references are not Confidential Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. **"Confidential Information"** does not include information that: (i) is or has become generally known to the public without any action by the non-disclosing party; (ii) was known by either party prior to entering into the Agreement; (iii) was independently determined by either party; or (iv) was disclosed to the relevant party without restriction by a third party who, to the best of such party's knowledge and belief, had no obligation not to disclose such information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. Neither party may disclose Confidential Information without the express written consent of the other party, except as specifically contemplated in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. <u>Trade Secrets</u>. Notwithstanding anything to the contrary herein, with respect to Confidential Information that constitutes a trade secret under the laws of any jurisdiction, such rights and obligations shall survive such expiration or termination until, if ever, such Confidential Information loses its trade secret protection other than due to an act or omission of the receiving Party or its Representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. By executing this Agreement, the Customer is providing written consent for DealMaker to disclose Confidential Information but only to the extent required to carry out the terms of this Agreement. Customer's investors will be required to sign-in to the DealMaker.tech portal and agree to the DealMaker.tech TOS. The parties agree that this process shall not constitute a disclosure of "Confidential Information" as described in this section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. Notwithstanding anything in this section, Customer and DealMaker hereby agree that each party may use the other party's logo for promotional purposes (**"Logo Use"**). The parties acknowledge that Logo Use does not include the use of any descriptive copy, all of which must be approved by Customer and DealMaker in writing. Except as provided for in this paragraph, nothing contained in this Agreement will be construed as granting Customer or DealMaker any right, title or interest in or to any or to use any of the other party's Confidential Information. Customer or DealMaker may terminate Logo Use at any time, with or without cause, upon written notice to the other party. For any Customer conducting an offering using the DealMaker Software (i.e. Regulation A, Regulation CF, or public offerings), in which the offering is already in the public domain, Customer agrees that DealMaker may disclose Customer name and offering proceeds to third party data aggregators for the purpose of generating industry reports. Industry reports shall not include publication of Customer name or the amount raised.

15/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. <u>Authorized Disclosure</u>. Each party may, without the consent of the other party, disclose Confidential Information to the extent reasonably necessary to comply with applicable regulatory demands or orders in connection with the purpose for which the Customer enters into this Agreement. Each party may disclose the existence of this Agreement and any relationship between the parties.

**<u>5. Exclusion of Warranties</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. Except as expressly stated in this Agreement, DealMaker makes no representations or warranties or covenants to Customer, either express or implied, with respect to the Software, services provided by the DealMaker Entity or with respect to any Confidential Information disclosed to Customer. DealMaker specifically disclaims any implied warranty or condition of non-infringement, merchantable quality or fitness for a particular purpose. Customer acknowledges that the Software is in continuous development and that it has been advised by DealMaker to undertake its own due diligence with respect to all matters arising from this Agreement. All services are provided on an "as is" and "as available" basis without any warranties, express or implied, including, without limitation, implied warranties of merchantability or fitness for a particular purpose, and DealMaker expressly disclaims all warranties. Customer agrees and understands that no DealMaker entity has any fiduciary duty to Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>No Improvements</u>. Company is under no obligation to provide Improvements to the Software during the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. <u>Any Improvements Gratuitous</u>. Any Improvements provided by DealMaker to Customer from time to time during the Term shall be, unless otherwise stated, construed as being provided on a purely gratuitous basis and shall not give rise to any right or entitlement on the part of Customer, except as otherwise specifically provided in this Agreement. Any Improvements so provided shall be governed by the same terms and conditions applicable to the Software, as described herein, unless otherwise outlined in a fee schedule or addendum to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. <u>No Future Entitlement</u>.<u> </u>Nothing in this Agreement shall be construed as creating any obligation on DealMaker to continue to develop, commercialize, offer, make available or support (i) the Software; or (ii) any feature, functionality or Improvement as may be encompassed in the Software from time to time during the Term, beyond the duration of the Term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.5. <u>Company Templates and Samples are Provided with No Warranties</u>. Customer may request access to DealMaker's templates and resources to help organize and set up an offering or any communications related thereto. These resources may include template communications, educational packages, resources for the management of administrative and collaborative tasks, and best practices observed from other offerings and industries. Customer acknowledges and agrees that, by providing access to any documents, training, or resources, DealMaker is not rendering and shall not be deemed to have rendered any legal, tax, investment, or financial planning advice. Customer shall, as it deems necessary or advisable, consult its own legal, tax, investment, or financial planning advisers. All templates and samples are provided with no warranties whatsoever and by making use of such materials, Customer is agreeing to voluntarily assume any liability with respect thereto.

16/43

**<u>6. Limitation and Exclusion of Liability</u>**

Unless otherwise specified herein, in no event is DealMaker's liability for any damages on any basis, in contract, tort or otherwise, of any kind and nature whatsoever, arising in respect of this Agreement, howsoever caused, including damages of any kind and nature caused by DealMaker's negligence or by a breach of contract or any other breach of duty whatsoever, to exceed the fees actually paid to DealMaker by Customer during the Term. Customer acknowledges that DealMaker has set its fees under this Agreement in reliance on the limitations and exclusions of liability set forth in this Agreement and such reliance forms an essential basis of this Agreement.

**<u>7. Indemnification</u>**

<u>Applicability of Indemnification Clause:</u> Customers of DMTA are bound by the separate indemnification clauses applying only to DMTA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. **Indemnification by Customer**. Customer shall indemnify and hold each DealMaker Entity, its affiliates and their respective members, officers, directors and agents (**"Indemnified Parties"**) harmless from any and all actual or direct losses, liabilities, claims, demands, judgements, arbitrations awards, settlements, damages, direct fees, costs and expenses (including attorney fees and costs) (collectively **"Losses"**), resulting from or arising out of any third party suits, actions, claims, demands, investigations or similar proceedings (collectively **"Claim"**) to the extent they are based upon (i) a breach of this Agreement by Customer, (ii) the wrongful acts or omissions of Customer, (iii) Customer, or Customer's clients' engagement with DealMaker and any actions taken in conjunction therewith, including but no limited to usage of the Software, whether or not such activities are in accordance with Intended Usage or (iv) the Offering. **"Losses"** includes, losses arising from payment processing which are losses arising from chargebacks, clawbacks, payment reversals, fraudulent charges, insufficient credit, unauthorized charges, claims of Customer or third parties regarding payment disputes, and any other problems relating to card or ACH payments made for the benefit of Customer (**"Payment Processing Losses"**).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. **Indemnification by Company**. The applicable DealMaker Entity shall indemnify and hold Customer, Customer's affiliates and Customer's representatives and agents harmless from any Losses resulting from or arising out of Claims to the extent they are based upon (i) such DealMaker Entity's breach of this Agreement (ii) the negligence, fraud, bad faith or willful misconduct of the DealMaker Entity or (iii) DealMaker Entity's failure to comply with any applicable laws in the performance of its obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. **Indemnification Procedure**. If any proceeding is commenced against a party entitled to indemnification under this section, prompt notice of the proceeding shall be given to the party obligated to provide such indemnification. The indemnifying party shall be entitled to take control of the defense, investigation or settlement of the Proceedings and the indemnified party agrees to reasonably cooperate, at the indemnifying party's cost in ensuing investigations, defense or settlement. The indemnifying party shall reimburse the indemnified party for all expenses (including reasonable fees, disbursements and other charges of counsel) as they are incurred in connection with investigating, preparing, pursuing, defending, or settling a Claim (including without limitation any shareholder or derivative action); provided, however, that indemnifying party will not be liable to indemnify and hold harmless or reimburse an indemnified party pursuant to this paragraph to the extent that an arbitrator (or panel of arbitrators) or court of competent jurisdiction will have determined by a final non-appealable judgment that such Claim resulted from the gross negligence or willful misconduct of such indemnified party. The Indemnifying Party will not settle, compromise or consent to the entry of a judgment in any pending or threatened Claim unless such settlement, compromise or consent includes a release of the indemnified parties satisfactory to the indemnified parties.

17/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. **Indemnified Party Limitation Of Liability**. In no event shall the Indemnified Parties be liable or obligated in any manner for any consequential, exemplary or punitive damages or lost profits incurred by Customer arising from or relating to the Agreement, an Offering, or any actions or inactions taken by an Indemnified Parties in connection with the Agreement, and the Customer agrees not to seek or claim any such damages under any circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. **Recovery of Payment Processing Losses**. Notwithstanding anything to the contrary in this Agreement, upon Company giving Customer prior written notice of no less than five business days, DealMaker.tech shall have the right, in its sole discretion, to request Customer reimburse Company for Payment Processing Losses from Customer Account or from Customer's Payment Processing Account, unless prohibited by law. Customer acknowledges and agrees that recovery of Losses from Customer's Payment Processing Account will not serve as any limitation on the indemnification obligations of Customer under this Agreement or any remedy or claim that Company may be entitled to pursue against Customer in respect of such Losses.

**<u>8. Third Party Services</u>**

Customer may request introductions to DealMaker's network of partners and vendors for the purpose of sourcing additional services (including but not limited to, a call center, marketing support, investment relations). Unless otherwise specified in writing, all engagements with third parties in this respect are to be made directly between the Customer and the vendor at the Customer's discretion. Customer acknowledges and agrees that, by making such introductions, DealMaker is not recommending and shall not be deemed to have recommended any partner or vendor's products or services or to have assumed any responsibility for Customer's selection of any partner or vendor or procurement of such products or services.

Without limiting any other protection of DealMaker under this Agreement and notwithstanding anything to the contrary, DealMaker shall bear no responsibility or liability whatsoever in connection with any third party services provided by a vendor engaged by Customer, the decision to engage such vendors rests solely with the management of the Customer on the terms contracted between the Customer and such parties.

**<u>9. Escrow</u>**

Customer acknowledges that if Customer opens a third-party escrow account (either by Customer's choice or as necessary to comply with applicable laws or regulations) in connection with the Company services, Customer will apply for escrow account with a DealMaker-approved escrow provider.

18/43

**<u>10. Customer Obligations</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.1. General**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.1. Customer shall be responsible for providing Offering terms to its subscribers. Such disclosure shall include, but is not limited to the following material information: a method of Customer valuation, a description of the security available in the Offering, the risks related to the investment, whether there are existing investors and any additional capital expectations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.2. Customer is solely responsible for ensuring that the funds raised in the Offering are used, allocated or invested in accordance with the use of funds described in the Offering disclosure.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.3. Customer acknowledges that following the final closing for the Offering, Customer will have sufficient liquidity (from the proceeds raised in the Offering or alternate Customer funds) to sustain Customer operations for that period of time which is clearly identified in the Offering disclosure or alternatively, until the next Customer funding round.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.4. Nothing in this Agreement shall be construed to relieve the managers or officers of Customer from the performance of their respective duties or limit the exercise of their powers in accordance with the Customer's bylaws, operating and constituent documents, written supervisory procedures, applicable law or otherwise. The Customer bears ultimately responsibility for all decisions with regard to any matter upon which Company has rendered its services. The Company shall not and shall have no authority to control Customer or Customer's day-to-day operations, whether through the performance of the Company's duties hereunder or otherwise. The Customer's directors, managers, officers and employees shall retain all responsibility for Customer, and its operations as and to the extent required by Customer's bylaws, operating and constituent documents, and applicable law. In furtherance and not in limitation of the above, and notwithstanding any other provision of this Agreement or of any other agreement, understanding or document that purports to have any contrary effect or meaning, the DealMaker shall not control, or have the right to control, directly or indirectly, the wages, hours, or terms and conditions of employment of the Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.5. Customer represents and warrants that it has all necessary rights, consents and authorizations to provide data to DealMaker in connection with the Offering and that such Customer Data sharing complies with all applicable laws, including but not limited to applicable privacy and data protection laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **10.2. Privacy.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.1. Notwithstanding any other provision of this Agreement, Customer shall not take or direct any action that would contravene, or cause the other party to contravene, applicable legislation that addresses the protection of individuals' personal information (collectively, **"Privacy Laws"**). Customer shall, prior to transferring or causing to be transferred personal information to Company, obtain and retain required consents of the relevant individuals to the collection, use and disclosure of their personal information, or shall have determined that such consents either have previously been given upon which the parties can rely or are not required under the Privacy Laws, including any consents required from third parties pursuant to applicable Privacy Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2. Customer acknowledges that, when used for an Offering, the Customer's personalized Software dashboard (**"Software Dashboard"**) will contain personal identifying information (**"PII"**) of Customer's investors. Customer is solely responsible for ensuring compliance with all applicable Privacy Laws when Customer (a) downloads and stores any PII obtained from the Software Dashboard and (b) provides Customer's representatives with access to the Software Dashboard.

19/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.3. Customer is solely responsible for notifying Company when any Customer representative is no longer working for the Customer and/or authorized to access the Software Dashboard for the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.4 Customer shall cause all third parties with access to PII obtained from the Software Dashboard to execute agreements acknowledging the third parties' obligation to comply with applicable Privacy Laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.5. Customer has implemented and continually monitors and enforces an agreement or policy with its Customer representatives, employees and agents that addresses (i) confidentiality and security provisions for all data, including data obtained through the Software Dashboard and (ii) permitted and impermissible use of this data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10.3. Bad Actor Checks**

Customer agrees to provide DealMaker Entity with documentation verifying completion of bad actor checks in compliance with all applicable regulations (**"Bad Actor Checks"**). Customer shall provide DealMaker Entity with a copy of Customer's Bad Actor Checks within thirty (30) days of the Effective Date of this Agreement, failing which, DealMaker Entity shall notify Customer in writing that it shall take steps to complete Customer's Bad Actor Checks at Customer's sole expense.

**<u>11. General Terms</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1. <u>Publications</u>.<u> </u>Each party acknowledges that its name, logo(s) and a description of the general nature of this Agreement may be used in any press release, public announcement or public communication during and following the Term. Without limiting the generality of the foregoing, Company may publish such information on its websites and in its promotional materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2. <u>Expenses</u>. Customer shall reimburse DealMaker for all reasonable and documented out-of-pocket expenses incurred in connection with the Agreement, subject to the Customer's prior written approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3. <u>General Cooperation</u>. The parties shall with reasonable diligence do all such things and provide all such reasonable assurances and execute all such documents, agreements and other instruments as may reasonably be necessary for the purpose of carrying out the provisions and intent of any Agreement. The parties further acknowledge that the implementation of each Agreement will require the co-operation and assistance of each of them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4. <u>No Books And Records Obligations</u>. Any and all obligations of Customer related to the storage of books and records remains the sole obligation of Customer. Company expressly disclaims any and all responsibility with respect to any regulatory or industry requirements with respect to the Customer's obligations related to record keeping and maintenance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.5. <u>Survival</u>.<u> </u>These terms shall continue in effect until the expiration or termination of the Agreement, whichever is earlier. The provisions of these Terms of Service which should by their nature survive expiration or termination of this Agreement shall so survive.

20/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.6. <u>Currency</u>. All currencies referred to herein are in US dollars.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.7. <u>Amendment and Waiver</u>. Amendments to any Agreement, including any schedule or attachment hereto, shall be enforceable only if in writing and signed by authorized representatives of each of the applicable parties. A party does not waive any right under this Agreement by failing to insist on compliance with any of the terms of this Agreement or by failing to exercise any right hereunder. No waiver of any breach of any terms or provisions of this Agreement is effective or binding unless made in writing and signed by the authorized representative of each of the parties.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.8. <u>Assignment</u>: No party may assign an Agreement or any of its rights or obligations hereunder without the prior written consent of the other party, such consent not to be unreasonably withheld.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.9. <u>Inurement</u>. Each Agreement inures to the benefit of and is binding on each of the parties and their respective successors and permitted assignees, heirs and legal representatives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.10. <u>Force Majeure</u>. Excluding any obligations of a party to pay monies due hereunder, neither party will be responsible for any delay or failure in its performance or obligations under this Agreement due to causes beyond its reasonable control, including, without limitation, labor disputes, strikes, civil disturbances, government actions, fire, floods, acts of God, war, terrorism, or other similar occurrences (each, a **"Force Majeure Event"**); provided that the party affected by such Force Majeure Event (a) is without fault in causing such delay or failure, (b) notifies the other party of the circumstances causing the Force Majeure Event, and (c) takes commercially reasonable steps to eliminate the delay or failure and resume performance as soon as practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.11. <u>Governing Law</u>.<u> </u>Each Agreement is made in New York governed by and construed in accordance with the laws of the state of New York and the federal laws applicable therein. In connection with each Agreement, the Parties attorn to the jurisdiction of the courts of the State of New York.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12. <u>Arbitration</u>. Any and all controversies, claims, or disputes arising out of or relating to each Agreement, or the interpretation, performance, or breach thereof, including the scope or applicability of this provision to arbitrate (**"Dispute"**) shall be referred to senior management of the parties for good faith discussion and resolution. In the event the parties cannot resolve any Dispute informally, then such Dispute shall be submitted to confidential, final, and binding arbitration with venue in New York, NY, pursuant to the rules of the American Arbitration Association.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12.1. <u>Arbitration Procedure</u>. The arbitration shall take place in New York. The arbitration shall be before a single, neutral arbitrator who is a former or retired New York state or federal court judge. The arbitration may be initiated by any party by giving to the other party written notice requesting arbitration, which notice shall also include a statement of the claims asserted and the facts upon which the claims are based. Customer and Company each consent to this method of dispute resolution, as well as jurisdiction, and consent to this being a convenient forum for any such claim or dispute and waive any right it may have to object to either the method or jurisdiction for such claim or dispute. In the event of any dispute among the parties, the prevailing party shall be entitled to recover damages plus reasonable costs and attorney's fees, and the decision of the arbitrator shall be final, binding and enforceable in any court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12.2. <u>Compelling Arbitration</u>. Any party may bring an action in any court of competent jurisdiction to compel arbitration under this Agreement and to enforce an arbitration award.

21/43

Notwithstanding this arbitration provision, either party shall be entitled to seek injunctive relief (unless otherwise precluded by any other provision of this Agreement) from any court of competent jurisdiction. If for any reason an action proceeds in court rather than in arbitration, it shall be brought exclusively in a state or federal court of competent jurisdiction located in New York and the parties expressly consent to personal jurisdiction and venue therein and expressly waive any right to trial by jury.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.12.3. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY LITIGATION, ACTION, PROCEEDING, CROSS-CLAIM, OR COUNTERCLAIM IN ANY COURT (WHETHER BASED ON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF, RELATING TO OR IN CONNECTION WITH (I) THIS AGREEMENT OR THE VALIDITY, PERFORMANCE, INTERPRETATION, COLLECTION OR ENFORCEMENT HEREOF OR (II) THE ACTIONS OF THE PARTIES IN THE NEGOTIATION, AUTHORIZATION, EXECUTION, DELIVERY, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT HEREOF.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.13. <u>Entire Agreement</u>: Each Agreement including all schedules thereto, constitutes the entire agreement between the parties concerning the applicable subject matter and supersedes all prior or collateral agreements, communications, presentations, representations, understandings, negotiations and discussions, oral or written.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.14. <u>Headings</u>**:** Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.15. <u>Number and Gender</u>. Words importing the singular mean the plural and vice versa. Words in the masculine gender include the feminine gender and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.16. <u>Severability</u>.<u> </u>If any term, covenant, condition or provision of an Agreement is held by a court or arbitrator(s) of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope by the court or arbitrator(s) only to the extent deemed necessary by that court or arbitrator(s) to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated as a result.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.17. <u>Notices</u>.<u> </u>Any notice required to be given pursuant to an Agreement shall be in writing and delivered by electronic mail, addressed to the appropriate party. Any notice given is deemed to have been received on the date on which it was delivered if a business day, or, failing that, on the next business day. To the fullest extent permitted by applicable law, all amendments to the Agreement and all notices, requests, waivers or other communications regarding Customer's account and/or Customer's use of the Service (**"Communications"**) may be provided to Customer electronically and Customer hereby agrees to receive all Communications from Provider in electronic form. Communications may, at DealMaker's election, be (a) delivered to Customer's e-mail address, (b) displayed on a screen notice visible at login, or (c) posted on the pages within the DealMaker product. In addition to the forgoing, Communications may also be sent by either party in writing via express courier to the address set forth on the Order Form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.18. **<u>Testimonials</u>**. Customer acknowledges that DealMaker's materials may from time to time include testimonials, real world experiences and insights or opinions about other people's experiences with DealMaker (***"Examples"***) and that this information is for illustration purposes only. Customer further acknowledges that campaigns are affected by a variety of factors including but not limited to time, external global events, varying business plans, different industries, and that these Examples are in no way a representation or guarantee that current or future customers will achieve the same or similar results.

22/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.19. DealMaker reserves the right to update or modify these terms and conditions at any time. Changes will be effective when posted on our website. You are responsible for reviewing the Terms & Conditions. Continued use of our services after changes take effect constitutes acceptance of the revised Terms & Conditions.

**DealMaker Additional Terms Applicable to Certain DealMaker.tech Services: Third Party Payment Processing, AML/KYC Background Checks, Accreditation Verification and Analytics, Marketing Review Tool.**

**The following sections of the Terms only apply to those DealMaker.tech Customers who purchase the specific services noted.**

**<u>12. Background Checks: AML compliance and "clearing"</u>**

DealMaker's integrated AML searches are tools provided to Customer to assist Customer (or its agents) in complying with applicable obligations related to KYC/AML regulations. Company is not engaged to perform and will not perform, and shall not be deemed responsible for performing, any services related to reviewing or analyzing search results, sources of funds or wealth, or making any determination as to whether Customer has complied with its obligations under applicable anti-money laundering legislation and regulations or as to whether any prospective investor poses any risk of money laundering, terrorist financing, or other criminal or suspicious activity. Customer and/or its agents (including counsel or broker dealer as applicable) shall bear primary responsibility to determine compliance with applicable AML legislation and regulation and shall assist in the clearing of any AML exceptions. Customer's KYC/AML clearing obligations may require Customer to undertake efforts to ensure that individual and corporate investors provide applicable identity verification, explanations of adverse regulatory/disciplinary/bankruptcy history or media reports, confirmation of false positive results, or other documents or information required for AML purposes. DealMaker.tech's AML searches are limited by capabilities and design of products and services of the third parties DealMaker.tech engages to perform such searches, including limitations on the search methodology, matching logic, data sources, and information accuracy.

**<u>13. Regulation D, 506(c) Accredited Investor Verification</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1. Customer may engage either Company or a third party (each a **"Reviewer"**) to assist Customer in complying with applicable obligations related to accredited investor verification pursuant to Rule 506(c) of Regulation D promulgated under the Securities Act (**"Regulation D"**). If Reviewer is Company, Company shall review investor submissions and uploaded documentation on the DealMaker portal and make a determination as to whether Customer has complied with its obligations to verify accredited investors (as defined by Rule 501 of Regulation D promulgated under the Securities Act) (**"DM Verification"**). Customer acknowledges that Company may contact investor for the purpose of accredited investor verification and that Customer has obtained investor's consent to receive communications from Company and/or DealMaker regarding investor's accreditation verification. If Reviewer is a third party, Company will not perform, and shall not be deemed responsible for performing, any services related to reviewing or analyzing search results, sources of funds or wealth, or making any determination as to whether Customer has complied with its obligations to verify accredited investors (as defined by Rule 501 of Regulation D promulgated under the Securities Act).

23/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2. Company does not make and hereby disclaims any warranty, expressed or implied with respect to the information provided through DM Verification. Company does not guarantee or warrant the correctness, merchantability, or fitness for a particular purpose of the information provided through DM Verification. Customer acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.1. DM Verification shall not include accreditation verification of non-U.S. investors (**"foreign accredited investors"**) who may be subject to foreign accreditation verification requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.2. DM Verification is conducted using a variety of third party database searches, public record services and user submissions. Company cannot represent or warrant that the data provided will be 100% accurate, complete or up to date. The data is time sensitive, and Company provides the information as is. Public records may be incomplete, out of date or have errors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.3. The results of a DM Verification search for any type of personal verification should be interpreted cautiously. Criminal and civil record search results may not provide a complete or accurate representation of a person's criminal background or civil judgment history. Records are available for the majority, but not all, of states and counties. Records can be incomplete, contain inaccuracies or false matches.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.4. Company is not a consumer reporting agency as defined in the Fair Credit Reporting Act (**"FCRA"**), and the information in DealMaker.tech's databases has not been collected in whole or in part for the purpose of furnishing consumer reports, as defined in the FCRA. CUSTOMER SHALL NOT USE DM VERIFICATION SERVICES AS A FACTOR IN (1) ESTABLISHING AN INDIVIDUAL'S ELIGIBILITY FOR PERSONAL CREDIT OR INSURANCE OR ASSESSING RISKS ASSOCIATED WITH EXISTING CONSUMER CREDIT OBLIGATIONS, (2) EVALUATING AN INDIVIDUAL FOR EMPLOYMENT, PROMOTION, REASSIGNMENT OR RETENTION, OR (3) ANY OTHER PERSONAL BUSINESS TRANSACTION WITH ANOTHER INDIVIDUAL.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.5. Customer assumes all risks arising from its use or disclosure of DM Verification information Company provides to Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.6. DM Verification Services are provided in English only. Customer acknowledges that data provided in any other language will require a certified translation which Customer shall pay for, or alternatively, reject the investment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.7. Notwithstanding anything in the DealMaker Terms of Service, Customer agrees that it shall indemnify, defend and hold harmless Company, its officers, directors, employees and agents, and the entities that have contributed information to or provided services for DM Verification against any and all direct or indirect losses, claims, demands, expenses (including attorneys' fees and cost) or liabilities of whatever nature or kind arising out of Customer's use of the information provided by DM Verification and Customer's use or distribution of any information obtained therefrom, except for losses caused exclusively and directly by Company's gross negligence, fraud, bad faith or wilful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2.8. THE DM VERIFICATION SERVICES AND INFORMATION ARE PROVIDED "AS-IS" AND "AS AVAILABLE" AND NEITHER COMPANY NOR ANY OF ITS DATA SUPPLIERS REPRESENTS OR WARRANTS THAT THE INFORMATION IS CURRENT, COMPLETE OR ACCURATE. COMPANY HEREBY DISCLAIMS ALL REPRESENTATIONS AND WARRANTIES REGARDING THE PERFORMANCE OF THE WEBSITE OR OUR SERVICES, AND THE ACCURACY, CURRENCY, OR COMPLETENESS OF THE INFORMATION, INCLUDING (WITHOUT LIMITATION) ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Customer acknowledges that these disclaimers are an integral part of this Agreement, and that Company would not provide DM Verification services if Customer did not agree to these disclaimers.

24/43

**<u>14. Third-Party Payment Processing</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14.1. For the processing of electronic payments (including bank-to-bank payments, credit card, etc.), the Company may submit material(s) and or application(s) to partner third-party payment processors on behalf of the Customer. Upon approval, the Company will enable the partner processors' intake form/system within the Customer's online DealMaker.tech portal.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2. Customer acknowledges that Company makes no guarantee that Customer will be approved by any third party, and approval is subject to each third party's sole discretion, including, to the extent applicable, its due diligence and compliance policies and procedures. Use of payment processing service(s) is further contingent on the mutual acceptance by Company and Customer of each third party's respective terms, service agreements, and fees (including fees for merchant processing account and ongoing maintenance, which may be applied on a per-issuer basis) to be included as an addendum to this Agreement and/or presented to Customer for acceptance at the time Customer engages third party, and as updated from time to time. Note holdback periods may apply for electronic payment transfer methods, as enforced by processors. Company shall not be deemed responsible for delivery or any interruption or cessation of any services provided by any third party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.3. All transactions must clear prior to being made available to Customer. US Federal regulations provide investors with 60 days to recall funds. Customer remains liable to immediately and without protestation or delay return any funds recalled by investors for whatever reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.4. Customer agrees that funds deposited into Customer's Account shall remain in Customer's Account and shall not be withdrawn by Customer or a person authorized by Customer, from the Customer's Account prior to Closing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.5. Company reserves the right to deny, suspend or terminate participation of any investor in the offering tlo the extent Company, in its sole discretion, deems it advisable or necessary to comply with applicable laws or to eliminate practices that are not consistent with laws, rules, regulations, best practices, or the protection of its reputation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.6. **Holdbacks.** The Customer hereby acknowledges that certain terms apply in respect of electronic or credit card payment to cover against chargebacks and/or rescission (**"Chargeback"**). Chargeback windows can vary in duration and amount. For this reason, a holdback is applied to all funds processed online and deposited in Customer Payment Processing Account. Company shall have the right, in its sole discretion, to revise the amount and duration of any holdback. Unless otherwise advised in writing prior to the Effective Date, the holdback is 5.00% of payments processed, for a ninety (90) day period.

25/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7. In the event that a Customer's investor disputes, through their financial institution, a subscription payment made using electronic or credit card payments **("Chargeback Dispute")**, Customer acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.1. If the Chargeback Dispute is initiated by a subscriber before the Customer has accepted the subscriber's investment, the Company shall refund the subscriber, and no further action will be taken.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.2. If the Chargeback Dispute is initiated by a subscriber after the Customer has accepted the subscriber's investment, the Company shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.7.2.1. notify the Customer within twenty-four (24) hours of the Chargeback Dispute; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.2.2. Provide Customer with five (5) business days to resolve the Chargeback Dispute directly with the subscriber.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.3. If, after (5) business days, the subscriber and Customer fail to resolve the Chargeback Dispute, Company will submit evidence contesting the Chargeback Dispute, on behalf of the Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.4. Customer agrees to promptly notify Company upon receipt of any Chargeback Dispute notifications, provide all necessary information and documentation requested by the Company to support the Chargeback Dispute and refrain from directly engaging with the payment processor or any other third party regarding the Chargeback Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.5. Customer acknowledges that contesting a Chargeback Dispute may require the Company to share certain transaction details with third party payment processors. The Customer agrees to (a) only share information necessary to contest the Chargeback Dispute and (b) comply with all applicable data protection and privacy laws when handling Customer data and providing Customer data to Company related to the Chargeback Dispute.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.6. For the avoidance of doubt, although the Company will make best efforts to represent the Customer in contesting a Chargeback Dispute, Company shall not be liable for and bares no responsibility whatsoever for:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14.7.6.1. The outcome of the Chargeback Dispute;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.6.2. Any fees or penalties imposed by payment processors or financial institutions as a result of the Chargeback or Chargeback Dispute; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.7.6.3. Any loss of revenue or business opportunity resulting from the Chargeback or Chargeback Dispute.

**<u>15. Analytics</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1. <u>Data and Analytics</u>. Company reserves the right to collect data relating to Customer's usage of the Software during the Term. Without limiting the generality of the foregoing, Company may collect information relating to: (i) Software use (including the number of users, duration of usage sessions, and number of transactions initiated or completed using the Software); (ii) error information (including error messages and any feedback text submitted via any in-application feedback form); (iii) performance data (including software run time); (iv) user experience information (including time spent on each page of the user interface); and (v) license status information (including confirmation of license activation status).

26/43

Customer shall have the right to access and use data relating to its usage of the Software for its own purposes, as available through the online dashboard or other reports provided by Company. Customer retains all right, title and interest in AI outputs generated from Customer usage of the Software. Company grants Customer a worldwide, perpetual license to use such AI outputs for Customer's business, subject to third party rights and applicable laws and regulations.

**<u>16. Marketing Review Tool</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.1. DealMaker's integrated third party marketing review tool is made available to Customer (or its agents) to review Customer's marketing materials and assist Customer in complying with applicable marketing regulations (**"Marketing Review Tool"**). If reviewer is Company, Customer may request that a DealMaker Entity assistant Customer with uploading documentation into the Marketing Review Tool but Company will not perform, and shall not be deemed responsible for performing, any services related to reviewing or analyzing search results. Company is not engaged to perform and will not perform and shall not be deemed responsible for making any determination as to whether Customer has complied with its obligations under applicable marketing regulations based on information provided by the Marketing Review Tool. Customer and/or its agents (if so designated) shall be responsible for reviewing the results and determining compliance with applicable marketing legislation and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.2. Use of the Marketing Review Tool is contingent upon Customer's acceptance of third party provider's terms and fees (if applicable) to be presented to the Customer at the time Customer initiates engagement with the Marketing Review Tool.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.3. Company does not make and hereby disclaims any warranty, express or implied with respect to the information provided through the Marketing Review Tool. Customer acknowledges that (i) Company does not guarantee or warrant the correctness, merchantability or fitness for a particular purpose of the information provided through Marketing Review Tool; (ii) Marketing Review Tool is PROVIDED "AS-IS" AND "AS AVAILABLE" AND NEITHER COMPANY NOR ANY OF ITS THIRD PARTY SUPPLIER REPRESENTS OR WARRANTS THAT THE INFORMATION IS CURRENT, COMPLETE OR ACCURATE; and (iii) Customer assumes all risks arising from Company or its agents' use of the Marketing Review Tool.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16.4. Notwithstanding anything in the DealMaker Terms of Service, Customer agrees that it shall indemnify, defend and hold harmless Company, its officers, directors, employees and agents, and affiliates that have contributed information to or provided services related to the Marketing Review Tool against any and all direct or indirect losses, claims, demands, expenses (including attorneys' fees and cost) or liabilities of whatever nature or kind arising out of Customer's or its agent's use of the Marketing Review Tool and Customer's use or distribution of any information obtained therefrom.

**<u>Enterprise Customer Terms</u>**

**For DealMaker Customers who have signed an Enterprise Order Form, the Terms apply, as well as the following additional terms. If you are not an Enterprise Customer, these additional terms do not apply to you:**

**<u>17. Definitions</u>**

**"Enterprise Customer"** means a Customer that has entered into an Enterprise Order Form.

27/43

**"License"** means the Company's grant to Enterprise Customer of a non-exclusive, non-transferable license for use of the Software by an unlimited number of individual users. Company will designate a DealMaker Enterprise Account to Enterprise Customers with a License.

**"Intended Purpose"** For the purposes of this section, Intended Purpose also includes usage by issuers invited by Enterprise Customer to use Enterprise Customer's Enterprise Account for the above-described purpose.

**"Software"** as it pertains to this section, shall also include any related printed, electronic and online documentation, manuals, training aids, user guides, system administration documentation and any other files that may accompany the Software licensed by Enterprise Customer.

**<u>18. SLA</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18.1. It is expressly understood and agreed that the Company shall determine its capacity to offer consulting services, only to such extent and at such times and places as may be mutually convenient to the parties. Company shall be free to provide similar services to such other business enterprises or activities as the Company may deem fit without any limitation or restriction whatsoever.

**<u>19. Licensed Intermediary Terms.</u>**

**If Enterprise Customer is a licensed Intermediary (as defined below), the following additional terms apply:**

A. Books and Records

<u>Books and Records</u>.<u> </u>Any and all obligations of Customer related to the storage of books and records including but not limited to, obligations in accordance with Sections 17(a)(1), 17(a)(3) and 17(a)(4) of the Securities Exchange Act of 1934 (**"Exchange Act"** or "SEA") remain the sole obligation of Customer and its clients. Company expressly disclaims any and all responsibility with respect to any regulatory or industry requirements with respect to the Customer and its clients' obligations related to record keeping and maintenance.

B. Regulation CF Offerings

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. Obligations of the Customer (acting as a Licensed Intermediary):

Where Customer using the Software has been engaged by its client to (i) act as a Broker-Dealer and a licensed Intermediary pursuant to Regulation CF, 17 C.F.R. Part 227 (the **"Regulation CF"**), or (ii) act as a registered Funding Portal and licensed Intermediary pursuant to Regulation CF, in a transaction involving the offer or sale of securities in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)), Customer shall comply with the requirements of Regulation CF (**"Licensed Intermediary"**). For greater certainty, this includes the requirements that Customer shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Register with the Securities and Exchange Commission (**"Commission"**) as either (i) a broker or (ii) a Funding Portal under section 15(b) of the Exchange Act (15 U.S.C. 78o(b)), pursuant to Regulation CF, §227.400;

28/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2. If registering with the Commission as a Funding Portal, refrain from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; a. Offering investment advice or recommendations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; b. Soliciting purchases, sales or offers to buy the securities displayed on its platform;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Compensate employees, agents, or other persons for such solicitation or based on the sale of securities displayed or referenced on the DealMaker Software used by the Intermediary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; d. Hold, manage, possess, or otherwise handle investor funds or securities.

(Regulation CF, §227.300(2)(c))

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Verify that no director, officer or partner of Customer, or any person occupying a similar status or performing a similar function has a prohibited "financial interest in an issuer" as the term is defined in Regulation CF, §227.300(b);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Have a reasonable basis for believing that Customer's client seeking to initiate an offering of securities under the Regulation has a reasonable basis for keeping accurate records of security holders and is not disqualified to offer securities pursuant to Regulation CF, §227.301(c);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Make available to SEC and to the public, the disclosure required by Regulation CF, §227.201 and §227.303;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6. Provide educational materials to all investors, pursuant to Regulation CF, §227.302(b);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Verify that Customer's clients are not disqualified from offering securities pursuant to Regulation CF, §227.100(b);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. Only accept an Investor into an offering after (1) the Investor opens an account with Customer, (2) the Investor consents to electronic delivery and the review of the educational materials regarding the offering and (3) Customer has a reasonable basis to believe that the Investor meets the investment limitations in Regulation CF pursuant to Regulation CF, §227.302 and §227.303.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. Provide communication channels by which Investors who have opened accounts can communicate with one another and with representatives of the Customer about offerings made available through the Customer or its clients, pursuant to Regulation CF, §227.303(c); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. Provide Investors the opportunity to reconsider their investment decision and to cancel their investment commitment until 48 hours prior to the new offering deadline, pursuant to Regulation CF §227.304

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Provide Investors with notice of material changes as described in Regulation CF, §227.304 (**"Notice"**), including but not limited to notice that the investor's investment commitment will be canceled unless the investor reconfirms his or her investment commitment within five business days of receipt of the Notice.

29/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. If registering with the Commission as a Funding Portal, comply with the Conditional Safe Harbor provisions in Regulation CF, §227.402; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. If registering with the Commission as a Funding Portal, implement written policies and procedures reasonably designed to achieve compliance with federal securities laws and the rules and regulations thereunder, relating to its business as a Funding Portal, as required by Regulation CF, §227.402(a).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. If registering with the Commission as a Funding Portal, manage any reconciliation or reporting questions with the Issuer directly.

(**"Regulation CF Requirements"**)

For greater certainty, the parties acknowledge that Company shall bear no responsibility for or liability whatsoever in connection with the Regulation CF Requirements and Customer shall be solely responsible for ensuring that Customer and its clients comply with Regulation CF.

Further Assurances. When Customer or its clients use the Software for an offering in reliance on Regulation CF, Customer shall verify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The issuer has filed a Form C Offering Statement with the SEC, as described in Regulation CF, §227.203(a), prior to making an offering to the public pursuant to Regulation CF;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2. Issuer complies with marketing and advertising requirements of Regulation CF, §227.204;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Provider is notified of any investor who, having received Customer's Notice pursuant to Regulation CF §227.304, opts-out of their investment and whose investment must therefore be refunded;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Signed and funded subscription agreements, executed by investors who have cleared AML/KYC, are reviewed by the Customer prior to countersignature;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The aggregate amount of all securities sold to all Investors by the Issuer in a single offering during a 12-month period shall not exceed $5,000,000; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Non-accredited Investors (as defined by Rule 501, CFR §230.301) investing in the offering pursuant to Regulation CF do not exceed the maximum investment permitted in a 12-month period per Regulation CF, §227.100.

<u>Payments To Escrow</u>.<u> </u>Customer acknowledges that it shall direct all payments from Investors in respect of a Regulation CF offering to Issuer's Escrow Account. Customer is responsible for (1) applying for escrow account with a DealMaker-selected Escrow Provider; (2) configuring instructions in the DealMaker Software to ensure that all payments are directed to the appropriate Escrow Account; (3) using the DealMaker.tech application to manage closings pursuant to the DealMaker user guide and (4) coordinating with the escrow company managing the Escrow Account to disburse funds upon request from the issuer.

30/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C. Regulation A/A+ Offerings

Obligations of the Customer. Where Customer has been engaged by its client as a broker-dealer in connection with an offering pursuant to Regulation A, 17 C.F.R. Parts 230.251-230.263 (**"Regulation A"**), the Customer shall verify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Customer shall complete a reasonable due diligence ensuring no anti-fraud or civil liabilities provisions of federal securities laws have been violated. As such, Customer shall maintain a Due Diligence file including the Issuer Agreement (or Selling Agreement); organizational, constating, financial, and administrative support to accept such Issuer engagement; and Issuer's Offering Memoranda, Subscription Document. Further, the Due Diligence folder shall evidence the collection of such documents in a form as described in Customer's Written Supervisory Procedures ("WSPs"). Customer shall create and maintain customer files, including new account, accredited investor, or qualified purchaser questionnaires, including Investor attestations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Issuer has filed a Form 1-A Offering Statement with the SEC, as described in Regulation A, §230.252 and §239.90, prior to making an offering to the public pursuant to Regulation A;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Issuer complies with marketing and advertising requirements of 17 C.F.R. Part II, Securities and Exchange Commission and the SRO, FINRA, including but not limited to, setting up the issuer landing page for the Offering website.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Signed and funded subscription agreements, executed by investors who have cleared AML/KYC, are reviewed by the Customer and a recommendation is made by Customer to Issuer regarding countersignature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5. Prior to enabling countersignature:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Issuer has provided written confirmation to Customer that it has BlueSky notice filed in each state, as applicable depending on the states in which the securities are offered and whether the offering is conducted pursuant to Tier 1 or Tier 2 of Regulation A §230.252; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. For the first 25 days of an offering, Customer will monitor investors until the issuer has provided written confirmation that all state BlueSky requirements have been met for the 53 US jurisdictions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Issuer and Issuer counsel have taken the steps required to review non-US investors, as required by the applicable international regulations.

31/43

![](tm2614683d1_ex1-1img01.jpg)

**DEALMAKER SECURITIES LLC ("DMS") CUSTOMER TERMS**

**For any DealMaker Securities Customer, the following additional terms also apply:**

**Broker-Dealer Agreement.** These terms and conditions for DealMaker Securities LLC (**"DMS Terms"**), along with the Order Form and schedules attached to the Order Form create a binding agreement by and between the Customer who has signed the Order Form (**"DMS Customer"**), and DealMaker Securities LLC, a FINRA-registered Broker-Dealer (**"DMS"**)(the **"DMS Agreement"**), as of the Effective Date. DMS Customer may also be considered a Customer of the other DealMaker Entities, depending on the services the Customer purchases.

DMS is a registered broker-dealer providing services in the equity and debt securities market, including offerings conducted via SEC approved exemptions such as Rules 506(b) and 506(c) of Regulation D under the Securities Act of 1933 (the **"Securities Act"**); Regulation A under the Securities Act (**"Regulation A"**); Regulation CF under the Securities Act (**"Regulation CF"**) and others. DMS Customer is offering securities directly to the public in an offering exempt from registration under either Regulation A or Regulation CF (the **"Offering"**). DMS Customer recognizes the benefit of having DMS provide advisory and other services as described herein, on the terms hereof.

Capitalized terms used but not defined in these DMS Terms have the meanings set forth in the Order Form or the Terms. In the event of a conflict between the Terms and the DMS Terms, the DMS Terms shall control.

**<u>1. Appointment & Termination</u>**

DMS Customer hereby engages and retains DMS to provide operations and compliance services at Customer's discretion/ subject to DMS's approval as a FINRA-registered broker-dealer. DMS Customer acknowledges that DMS obligations hereunder are subject to (a) DMS's acceptance of DMS Customer as a customer following DMS's due diligence review and (b) if applicable, issuance by the Financial Industry Regulatory Authority ("FINRA") Department of Corporate Finance of a no objection letter for the Offering.

In addition to the Termination Reasons, DMS may terminate this DMS Agreement if, at any time after the commencement of DMS's due diligence of the potential DMS Customer, DMS reasonably believes that is not advisable to proceed with the contemplated Offering.

**<u>2. Services</u>**

DMS will perform the services listed on the Order Form in connection with the Offering (the **"Services"**).

32/43

**<u>3. Fees</u>**

As payment for the Services, DMS Customer shall pay to DMS such fees as described in the Order Form. Commissions are earned once the DMS Customer's investors are reviewed by DMS. DMS Customer's acceptance of an investor completes DMS's service obligation at which time fees are due and payable to DMS. DMS Customer authorizes DMS to deduct any fees owing directly from the DMS Customer's bank account or third-party escrow account (if Customer has engaged an escrow provider). In the event this DMS Agreement is terminated in accordance with paragraph 1 of the DMS Terms, any advance against accountable expenses anticipated to be incurred, shall be refunded to the extent said expenses are not actually incurred as of the termination date.

**<u>4. Regulatory Compliance</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. DMS Customer and all its third-party providers shall at all times (i) comply with direct reasonable requests of DMS: (ii) maintain all required registrations and licenses, including foreign qualification, if necessary; and (iii) pay all related fees and expenses (including the FINRA corporate filing fee) in each case that are necessary or appropriate to perform their respective obligations under this Agreement. Customer shall comply with and adhere to all DMS policies and procedures.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. DMS Customer shall at all times disclose all compensation received by any third party promoters (including but not limited to social media influencers) in connection with the Offering, in accordance with applicable rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. DMS Customer and DMS will have shared responsibility for the review of all documentation related to the Offering but the ultimate discretion about accepting an Investor will be the sole decision of the DMS Customer. Each Investor will be considered to be that of the DMS Customer and NOT that of DMS. DMS Customer shall advise DMS of each Investor who shall not be accepted into the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. DMS Customer and DMS shall each supervise and train their respective employees, agents, representatives and independent contractors in the performance of functions allocated to them pursuant to the terms of this DMS Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;e. DMS Customer may request DMS assistance with preparation of the Form C for the Offering and guidance on filing the Form C for the Offering in the SEC-Edgar system, but DMS Customer is ultimately responsible for the review and filing the Form C related to the Offering. In the event that DMS Customer files a Form C-W or Form 1-A-W withdrawing its filing in relation to its Offering, DMS Customer agrees to the prompt return to investors of all funds received from investors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; f. DMS Customer agrees to

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Provide accurate, complete, and timely information through the
online form provided. The filing creation timeline will commence only upon receipt of all required information

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Review all filings with their securities counsel to ensure accuracy
before each EDGAR filing. DealMaker Securities, LLC is not liable for errors, omissions, or inaccuracies in filings due to incomplete
or inaccurate information provided by the Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· Submit requested revisions within the specified review windows,
as additional rounds or delays may incur further fees and impact timelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;g. If either DMS Customer or DMS receives material communications (orally or in writing) from any Governmental Authority or Self-Regulatory Organization with respect to this Agreement or the performance of either party's obligations thereunder, the receiving party shall promptly provide said communications to the other party, unless such notification is expressly prohibited by the applicable Governmental Authority.

33/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;h. DMS Customer is responsible for the preparation of financial statements using the going concern basis of accounting and required disclosures alerting investors about any underlying financial conditions and management's plans to address them. DMS Customer will provide evidence of sufficient financial wherewithal as part of the diligence process, and in some cases on-going, as requested by DMS in its due diligence process and enhanced due diligence processes. The amount of sufficient financial wherewithal is subject to the DMS Customer's specific facts and circumstances and will be evaluated during the due diligence process. DMS Customer acknowledges that it must maintain at least six months of operating capital and update investor disclosures to reflect any change in operating capital below this threshold. DMS Customer acknowledges that these updates to investors disclosures will be made in accordance with the advice of the DMS Customer's professional advisors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. DMS Customer is solely responsible for confirming that DMS Customer is authorized to use or wholly owns all DMS Customer intellectual property used in connection with the Offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j. DMS Customer maintains responsibility for acting as the securities registrar or engaging a separate registrar for its corporate securities issuance and ownership records, if not using DMTA.

**<u>5. Role of DMS</u>**

DMS Customer acknowledges and agrees that it relies on its own judgment in engaging DMS Services. DMS Customer understands and agrees that (i) DMS is not assuming any responsibility for the DMS Customer's underlying business decision to pursue any business strategy or effect any Offering; (ii) DMS makes no representations with respect to the quality of any investment opportunity in connection with the Offering (iii) DMS does not guarantee the performance to or of any Investor in the Offering, (iv) DMS does not guarantee the performance of any third party which provides services to DMS or DMS Customer with respect to the Offering), (v) DMS will make commercially reasonable efforts to perform the Services pursuant to this DMS Agreement, (vi) DMS is not an investment adviser, does not provide investment advice and does not recommend securities transactions and any display of data or other information about the Offering, does not constitute a recommendation as to the appropriateness, suitability, legality, validity, or profitability of any Offering, (vii) DMS Services in connection with this DMS Agreement should not be construed as creating a partnership, joint venture, or employer-employee relationship of any kind, (ix) Services in connection with this DMS Agreement that require registration as a FINRA/SEC registered broker-dealer shall be performed exclusively by DMS or an associated person of DMS, (x) DMS is not providing any accounting, legal or tax advice, and (xi) will use "commercially reasonable efforts" to perform Services pursuant to this DMS Agreement but that this shall not give rise to any express or implied commitment by DMS to purchase or place any of the DMS Customer's securities. DMS <u>Customer explicitly acknowledges that DMS shall not and is under no duty to recommend DMS Customer's security and DMS is not selling DMS Customer's security to retail investors.</u>

**<u>6. Indemnification</u>**

<u>Insufficient Funding For A Claim</u>. If the foregoing indemnification or reimbursement is judicially determined to be unavailable or insufficient to fully indemnify and hold harmless DMS as an indemnified party against a Claim, the DMS Customer will contribute to the amount paid or payable by an indemnified party as a result of such Claim in such proportion as is appropriate to reflect the relative financial benefits of the Offering to the Company, on the one hand, and the indemnified party, on the other hand; or if such allocation is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits but also the relative fault of the DMS Customer on the one hand and the indemnified party on the other hand with respect to such Claim as well as any other relevant equitable considerations. Notwithstanding the preceding paragraphs, in no event will the aggregate amount to be contributed by all indemnified parties towards all Claims and DMS Customer losses, exceed the actual fees received by DMS pursuant to the DMS Agreement.

34/43

**<u>7. Witness Reimbursement</u>**

In the event that DMS or any of its employees, officers, directors, affiliates or agents are requested or required to appear as a witness or subpoenaed to produce documents in any action in which the DMS Customer or any of its affiliates is a party to and DMS is not, the DMS Customer will reimburse DMS for all expenses incurred by its employees, officers, directors, affiliates or agents in preparing for and appearing as a witness or producing documents, including the reasonable fees and disbursements of legal counsel.

**<u>8. Notices</u>**

Any notices required by the agreement shall be in writing and shall be addressed and delivered via email at the email address included in the Order Form.

**<u>9. Confidentiality and Mutual Non-Disclosure:</u>**

Nothing contained herein shall be construed to prohibit the SEC, FINRA, or other government entities from obtaining, reviewing, and auditing any information, records, or data of either party containing Confidential Information, as defined in this Agreement.

<u>Disclosure and Retention Of Confidential Information</u>. DMS is hereby expressly permitted by DMS Customer to disclose Confidential Information to third parties involved in the Offering contemplated herein, provided that DMS Customer has been informed of such disclosure in advance and has approved such disclosure (either orally or in writing). DMS may retain one copy of the DMS Customer's Confidential Information to the extent necessary to comply with industry-specific document retention rules and other regulations, and in an archived computer backup system stored as a result of automated backup procedures for compliance purposes. DMS Customer acknowledges that regulatory record-keeping requirements, as well as securities industry best practices, require DMS to maintain copies of practically all data and communications, even after this Agreement is terminated.

35/43

**<u>10. Miscellaneous</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1. **FINRA Arbitration Rules Apply To DMS Customers**. Notwithstanding anything to the contrary in this Agreement, ANY DISPUTE, CONTROVERSY, CLAIM OR CAUSE OF ACTION BETWEEN THE DMS Customer AND DMS DIRECTLY OR INDIRECTLY RELATING TO OR ARISING OUT OF THIS AGREEMENT, OR BREACH THEREOF required or allowed to be conducted by the Financial Industry Regulatory Authority's ("FINRA") rules (including the FINRA Code of Arbitration Procedure for Industry Disputes) shall be arbitrated in accordance with such rules. Any arbitration shall be before a neutral arbitrator or panel of arbitrators selected under the FINRA Neutral List Selection System (or any successor system) and in a forum designated by the Director of FINRA Dispute Resolution or any member of FINRA Staff to whom such Director has delegated authority. In general accordance with FINRA Rule 2268, by signing an arbitration agreement the parties agree as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.1.1. This Agreement contains a pre-dispute arbitration clause.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.2. Except as otherwise provided in this Agreement, all parties to this Agreement are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.3. Arbitration awards are generally final and binding; a party's ability to have a court reverse or modify an arbitration award is very limited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.4. The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.5. The arbitrators do not have to explain the reason(s) for their award unless, in an eligible case, a joint request for an explained decision has been submitted by all parties to the panel at least 20 days prior to the first scheduled hearing date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.6. Any panel of arbitrators may include a minority of arbitrators who were or are affiliated with the securities industry.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.7. The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.8. The rules of the arbitration forum in which the claim is filed, and any amendments thereto, shall be incorporated into this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.9. As provided in FINRA Rule 2268, no person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre-dispute arbitration agreement against any person who has initiated in court a putative class action; or who is a member of a putative class who has not opted out of the class with respect to any claims encompassed by the putative class action until: (i) the class certification is denied; or (ii) the class is decertified; or (iii) the DMS Customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under this Agreement except to the extent stated herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2. **DMS Customer Identifying Information**. Pursuant to the requirements of Title III of Pub. L. 107-56 (the USA Patriot Act), as amended (the **"Patriot Act"**) and other applicable laws, rules and regulations, DMS is required to obtain, verify and record information that identifies the DMS Customer which information includes the name and address of the DM Customer and other information that that allows DMS to identify the DMS Customer in accordance with the Patriot Act and other such laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3. **Affiliates of DMS**: DMS Customer acknowledges that agreements with DMS affiliates (also referred to as DealMaker Entities in this Agreement), if any, shall be governed by the DMS affiliates' applicable terms of service and exclusive remedy for Marketing Services to recover any Losses against Customer in respect of the Agreement."

36/43

![](image_011.jpg)

**DEALMAKER REACH, LLC CUSTOMER TERMS**

**For usage of DealMaker Marketing Services, the following additional terms apply to you ("Marketing Services Terms"):**

**<u>1. THE SERVICES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1. Overview.** DM Reach shall provide certain digital marketing services as described on the Order Form (collectively, the **"Marketing Services"**) subject to the following additional terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2.** Customer shall provide Marketing Services with all reasonably necessary materials, company history, financial statements, business and market description, bios of principals and key employees, customers, products, services, tax returns, financial models, systems, pricing, intellectual property, technical specifications, access to social media channels, and all other pre-conditions necessary for providing the DM Marketing Services (the **"Information"**).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3.** The parties acknowledge and agree that all such Information comes from Customer and that Marketing Services does not create such Information and relies on its accuracy, ownership and property. Customer represents and warrants to the Marketing Services that all such Information is accurate, true and correct and that, in the event Information changes during the Marketing Services Term (as defined below), Customer shall provide updated Information to Marketing Services. Customer further acknowledges that Marketing Services bases its Services on such Information.

**<u>2. RELATIONSHIP</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1.** Marketing Services and Customer are independent contractors in all matters relating to Marketing Services. Marketing Services is not a broker-dealer, investment advisor, investment bank or financial advisor. Nothing in this Agreement shall be construed to create any partnership, joint venture, agency, employment, or any other relationship between the parties. Except for DM Reach's provision of DM Reach Services to Customer in connection with the Marketing Spend, neither party has the authority to act on behalf of or to enter into any contract, incur any liability, or make any representation on behalf of the other party, unless otherwise expressly agreed to in writing signed by both parties. Except for Marketing Services provision of its Services to Customer in connection with the Marketing Spend, neither party has the authority to act on behalf of or to enter into any contract, incur any liability, or make any representation on behalf of the other party, unless otherwise expressly agreed to in writing signed by both parties. Marketing Services has exclusive control over its employees, representatives, agents, contractors and subcontractors, and none of the foregoing shall be deemed to be employees of Customer or eligible to participate in any employment benefit plans or other benefits available to Customer employees. Customer shall exercise no immediate control over the actual means and manner of Marketing Services' performance under this Agreement, except to the extent that Customer expects the satisfactory completion of the Marketing Services under this Agreement. Each party is responsible for its respective employees, representatives, agents, contractors and subcontractors, and the foregoing's compliance with the terms of this Agreement. Marketing Services is not and shall not be deemed to be a dealer, broker, finder, intermediary or otherwise entitled to any brokerage, finder's, or other fee or commission in connection with any purchase or sale of securities resulting from Marketing Services' general marketing services. Marketing Services shall be solely responsible for all local, state and federal tax liabilities arising from any income received under this Agreement, whether cash or stock.

37/43

**<u>3. FEES AND EXPENSES</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1.** Customer is responsible for all costs and expenses incurred on Customer's behalf in connection with the provision of the Marketing Services (***"Expenses"***). Any Expenses outside of the agreed budget are subject to Customer's prior written approval. Customer is also responsible for its own costs and expenses incurred in connection with the Offering, and Customer acknowledges and agrees that the DealMaker Entities collect compensation related to the Offering as set forth in the terms and conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **3.2. Budget and Marketing Spend.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.1. As part of engaging Marketing Services, Customer is authorizing and directing Marketing Services to allocate the marketing and advertising budget expended during the Customer's marketing campaign (***"Marketing Spend"***).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.2. **Ad Network ("Ad Network").** The **Ad Network Program** is an invitation-based program in which Customers may have the opportunity to purchase advertising slots in a variety of publications as part of Marketing Spend (**"Advertising Placement"**) subject to Customer's agreement to the Ad Network terms and conditions set out herein (**"Ad Network Program"**). Customer acknowledges that it may be eligible for the Ad Network Program, however Marketing Services has sole control of whether Customer is admitted to the Ad Network Program, as described in the Summary of Compensation. Customer acknowledges that Marketing Services manages the program and charges fees for the Ad Network Program. Customer explicitly acknowledges that Marketing Services shall have sole discretion to terminate Customer's participation in the Ad Network Program for non-compliance with Ad Network Program terms and conditions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.3. For Customers eligible for the Ad Network Program, Marketing Services shall have discretion to allocate Marketing Spend during the marketing campaign, except for charges in connection with the placement of Ad Network advertising placements (**"Advertising Placement"**).

38/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.4. Customer shall approve Ad Network Costs in accordance with required timelines by either (a) executing an authorization for each placement (**"Ad Network Insertion Order"**) or (b) pre-approval of a bi-weekly budget for all Ad Network Costs (**"Approved Ad Network Budget"**) as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a) **Ad Network Insertion Order**:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. DealMaker shall present Ad Network opportunity proposals (**"Ad Network Proposal"**) to Customer for approval.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. Once Customer approves an Ad Network Proposal, DealMaker shall provide a DealMaker Ad Network Program Insertion Order (**"Ad Network Insertion Order"**) to Customer for a specific Advertisig Placement. By electronically executing the Ad Network Insertion Order, Customer authorizes Marketing Services to incur the Ad Network Costs listed on the Ad Network Insertion Order. Marketing Services shall not incur Ad Network Costs without the written approved Ad Network Insertion Order from Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iii. Customer acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Customer must execute Ad Network Insertion Order and prepay Marketing Services for all Ad Network Costs before Marketing Services places ad advertisement on Customer's behalf. Once a Customer executes the Ad Network Invoice (**"Ad Network Invoice"**);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Ad Network Costs and Ad Network Invoices are non-cancellable and non-refundable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. Customer's timely payment of Ad Network Costs is required to maintain the integrity of the Ad Network Program; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;d. If Customer fails to pay Ad Network Costs in accordance with the timelines set out in an Ad Network Insertion Order, DealMaker may remove Customer from the Ad Network Program, unless otherwise stated on the Ad Network Insertion Order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;iv. The Content of Ad Network Advertising Placements shall be approved by the Customer as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a. Customer shall receive proposed content of Advertising Placement from DealMaker (**"Feedback Date"**) prior to the Advertising Placement publication date listed on the Ad Network Insertion Order;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b. Customer shall approve Advertising Placement publication content in writing within 48 hours of the Feedback Date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;c. If Customer approval or Customer Feedback is not received within 48 hours of the Feedback Date, the Advertising Placement will be published as initially presented to Customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) **Approved Ad Network Budget**: On a bi-weekly basis, Customer shall provide written approval of an Ad Network Budget. Marketing Services shall have full discretion to allocate Ad Network Costs for the placement of advertisements up to the bi-weekly Approved Ad Network Budget. All Marketing Spend and Ad Network Costs up to the agreed budget amount will be charged directly to Customer's provided payment method.

39/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Ad Network Costs in connection with the purchase of Advertising Placements will incur a media management fee as indicated on the Order Form.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.5. Customer acknowledges that Marketing Services or its affiliates (a) may have an ownership interest in some providers of placement advertisements, details of which are available upon Customer's request; and (b) as a result of Marketing Services relationships and negotiated terms with various vendors, certain benefits may accrue to Marketing Services or its affiliates including but not limited to additional revenue from certain partnership placements. Unless Customer expressly instructs otherwise, Marketing Services may use its discretion in deploying Marketing Spend, including but not limited to approved Ad Network Costs.

**<u>4. Customer Representations</u>**

Customer further acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. Return on Marketing Spend, Ad Network spend and/or advertising spend (***"Return"***) can vary greatly with each Offering or campaign and may differ from historical averages, both with respect to Marketing Services fees and fees for any third party partners introduced by Marketing Services or its affiliates. Historical data, averages and information are not a representation of what can be achieved in any particular Offering or campaign as each Offering and campaign is unique and influenced by numerous external factors including but not limited to the Customer's industry, the Customer's management team, the economic environment at the time of an Offering and the funds available for Marketing Spend and Ad Network Costs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. There are many marketing strategies and tools available to raise capital. Customer is responsible for selecting the capital raising approach that is best suited to Customer's business. Marketing Services and its affiliates cannot predict and do not guarantee that a market participant will attain a particular result. The success of an Offering depends on the Customer's own effort, motivation, commitment and follow-through.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3. Customer may use the marketing assets created pursuant to this Agreement for purposes other than raising capital. For example, Marketing Spend and Ad Network Costs may be used to create valuable Customer brand collateral, brand positioning, investor mailing lists and investor analytics, regardless of the amount of capital raised. Customer shall be solely responsible for using the marketing assets created pursuant to this Agreement for purposes other than raising capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4. Services provided by Marketing services may involve, among other things, communicating with third party publishers to secure advertising space for Marketing Services Customer, including but not limited to Advertising Placements (**"Publishers"**). Customer agrees and warrants that it shall not, directly or indirectly, or through a third party, contact said Publishers by any means and shall not interfere with, circumvent, attempt to circumvent, avoid or bypass Marketing Services' communication with Publishers, interfere with the relationship between Marketing Services and Publishers for the purpose of gaining any benefit, whether such benefit is monetary or otherwise or re-sell paid media or advertising placements to DealMaker Customers without the express written consent of Marketing Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5. In connection with the Customer's use of Publishers through Marketing Services, whether through the DealMaker Ad Network or otherwise, Customer is responsible for ensuring that it has obtained all necessary rights, consents, and permissions from its own clients/investors for the collection, processing, and use of their data in accordance with applicable law. Customer represents that Customer or its agents have obtained from its clients/investors clear and conspicuous consents regarding the collection and use of their data and personal information, the sharing of this data with Publishers for the purpose of sending Customer's advertising publications and has provided its clients/investors with an option to opt out of the processing of their personal information. The Customer acknowledges and agrees that use of the client/investor data by Marketing Services or its affiliates is predicated upon the Customer's fulfillment of these responsibilities. The Customer shall indemnify, defend, and hold harmless Marketing Services and its affiliates from and against any claims, damages, liabilities, and expenses (including reasonable attorneys' fees) arising out of or relating to the Customer's failure to obtain such consents or comply with this clause.

40/43

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6. Production Services. Marketing Services shall include production services as set out in the Order Form ("**Production Services**"). Customer acknowledges that Production Services may involve the use of third party vendors by Marketing Services in connection with performance of Production Services.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7. **Payment.** The Customer will be billed as set out in the Terms. At the end of the month in which the Marketing Services are delivered, payment will be automatically debited from the Customer's bank account or credit card on file, with a receipt to be automatically delivered. Invoices will be available for the Customer to review upon request. In respect of **Ad Network Costs** only, such costs shall be due and payable on or before the due date on the invoice (**"Due Date"**) using ACH or the Client's pre-authorized payment method on file, unless stated otherwise on the Customer Ad Network Insertion Order. Marketing Services reserves the right to charge the Client's pre-authorized payment method on file for the amount of the Ad Network Costs invoice that is an Aged Invoice (as defined below).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8. **Paused Marketing Services.** Customer may request that Marketing Services (and corresponding Fees) be paused (**"Pause Date"**). Customer shall pay (a) any Ad Network Costs incurred prior to the Pause Date; and (b) Marketing Services' monthly service fees for sixty (60) days from the Pause Date. When a campaign is paused, Marketing Services may place the campaign in a queue behind other marketing Campaigns that are ready to launch (**"Launch Queue"**). Customer acknowledges that Marketing Services may not have staff available to relaunch a paused campaign on the Customer's date of choice. Customer campaign may be relaunched once Customer's campaign reaches the beginning of the Launch Queue.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9. **Unpaid Invoices**. Notwithstanding anything to the contrary in the Agreement, in the event that Customer fails to pay all outstanding invoices pursuant to this Agreement, Customer agrees that it shall pay the full amount of the outstanding invoices from the proceeds of the Offering, within seven (7) days of the disbursement of such proceeds to the Customer, plus applicable interest. In the event that a Customer payment for any Marketing Services invoice fails, Customer has fourteen (14) days to re–connect their bank account or credit card and submit payment for any outstanding invoices. In the event that payment for all outstanding invoices is not cleared within 14 days, all advertisements and services provided by Marketing Services will be paused until payment is received and the Customer's bank account or credit card authorization is restored, except for non-payment of Ad Network Costs by Due Date, which shall result in immediate cancellation of the advertising placements. In the event that Customer fails to pay any invoice due and payable (**"Aged Invoices"**) to Marketing Services and such Aged Invoices are not cleared or Customer account is not brought back into good standing within 30 days, all services provided by Marketing Services pursuant to this Agreement will be paused and Customer's campaign will be placed at the end of the Launch Queue until payment is received in full. Once payment is received in full, Customer's campaign will move forward through the Launch Queue.

41/43

***Customer acknowledges that marketing assets created using services provided by Marketing Services shall not be released to Customer until all outstanding invoices and Aged Invoices are paid in full.*** Marketing Services shall have the right to register a lien on any assets or property of the Customer in respect of fees owed and outstanding to Marketing Services for more than sixty (60) days.

**<u>5. WORK PRODUCT OWNERSHIP</u>**

**<u>6. ADDITIONAL INDEMNIFICATION</u>**

Notwithstanding and without limitation of any other provision of this Agreement, and notwithstanding whether such losses or damages are foreseeable or unforeseeable, Marketing Services shall not be liable under any circumstances whatsoever for any breach by any other Customer Partner, which term includes third party consultants, agents, corporations, partnerships, trusts or any other entities involved in the placement of partnership advertisements, of securities laws or other rule of any securities regulatory authority, for lost profits or for special, indirect, incidental, consequential, exemplary, aggravated or punitive losses or damages. Customer agrees that its liability hereunder shall be absolute and unconditional, regardless of the correctness of any representations of any third parties and regardless of any liability of third parties to Marketing Services or any of the Indemnified Parties and shall accrue and become enforceable without prior demand or any other precedent action or proceeding. Customer shall ensure that all agreements with the Customer's Partners include the following indemnity:

"Partner agrees to indemnify, defend and hold Customer and any current or former officers, directors, employees, subsidiaries, affiliates, partners, agents or contractors (**"Representatives"**) harmless from any and all costs, demands, damages, losses, fees, expenses and liabilities (including attorneys' fees and costs) (**"Losses"**) as a result of any third parties demands, regulatory investigations, causes of action, losses, damages, liabilities, costs, fines, claims, class actions and expenses (including reasonable attorney's fees) (**"Claims"**) in connection with the services provided and the content prepared by the Partner for the Offering, unless Customer is proven to have been grossly negligent." The Parties hereby agree that Marketing Services shall be a third party beneficiary of such indemnity provisions in the Customer's agreement with Partner in respect of any "Losses" suffered by Marketing Services related to the Partner's services in respect of the Offering. The Parties further agree that this remedy shall not be the sole and exclusive remedy for Marketing Services to recover any Losses against Customer in respect of the Agreement."

42/43

**Customer further agrees that with respect to Publishers who are retained by Marketing Services on Customer's behalf to place Customer's advertisements in third party publications, Customer shall indemnify and hold harmless Publishers and their Representatives with respect to any Claims arising from Customer content provided directly or indirectly to Publisher.**

**<u>7. GENERAL</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1. Customer No Unauthorized Usage.** Customer acknowledges that Marketing Services Customers must use DealMaker as the platform for their Offering, and Customer must execute a separate Order form with Novation Solutions Inc., o/a DealMaker.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2.** Customer acknowledges that it is engaging in a self-hosted raise. Customer is responsible for carrying out the self-hosted capital raise and bears primary responsibility for the success of its own Offering. Customer understands that Marketing Services does not and cannot make any guarantees about Customer's campaign of Offering. No language or provision in this Agreement or any related proposal shall be construed as a guarantee or warranty of any type by Marketing Services, including, without limitation, the success of the Customer's campaign or the Offering, the amount of funds raised in the Offering, the costs associated with the capital raised in an Offering or anything relating to the scope of work or quality of work by Marketing Services on the Customer's campaign.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3.** Customer understands and acknowledges that all changes to marketing assets and marketing collateral, including but not limited to, the Customer's website for the Offering and all press releases, must be reviewed according to the terms of Customer's broker-dealer engagement agreement, where Customer has retained a broker-dealer.

43/43

## Ex1A-2A

**Exhibit 2.1**

---

| | |
|:---|:---|
| **<u>Delaware</u>** | Page 1 |
| The First State |  |

---

*I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF CONVERSION OF AN PANAMA CORPORATION UNDER THE NAME OF "GREEN COFFEE COMPANY INC." TO A DELAWARE LIMITED LIABILITY COMPANY, CHANGING ITS NAME FROM "GREEN COFFEE COMPANY INC." TO "GREEN COFFEE COMPANY HOLDINGS, LLC", FILED IN THIS OFFICE ON THE SIXTH DAY OF MAY, A.D. 2020, AT 12:12 O'CLOCK P.M.*

---

| | | |
|:---|:---|:---|
|  |  | ![](tn2614683d1_ex2-1img02.jpg) |
| 7960289 8100F | ![](tn2614683d1_ex2-1img01.jpg) | Authentication: 202894285 |
| SR# 20203510434 |  | Date: 05-07-20 |
| You may verify this certificate online at corp.delaware.gov/authver.shtml | You may verify this certificate online at corp.delaware.gov/authver.shtml |  |

---

STATE *of* DELAWARE<br> CERTIFICATE OF DOMESTICATION<br> OF<br> GREEN COFFEE COMPANY INC.,<br> A COMPANY

Pursuant to Section 18-212 of the Delaware General Corporation Law, this document certifies the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.** Green Coffee Company Inc. (the "Company" was incorporated on June 13, 2017 in the Republic
 of Panama.

2 Green Coffee Company Inc. is the name of the corporation immediately prior to the filing of this Certificate of Domestication.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Green Coffee Company Holdings, LLC is the name of the corporation
as set forth in its Certificate of Formation
filed in Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The domestication has been approved in the manner provided
for by the document, instrument, agreement or other writing, as the case may be, governing the internal affairs of the Republic of Panama
and the conduct of its business or by applicable Panamanian law, as appropriate.

**IN WITNESS WHEREOF,** the undersigned has executed this Certificate of Domestication as an authorized person with respect to the Company this 5th day of May, 2020.

---

| | |
|:---|:---|
| **AUTHORIZED PERSON:** | **AUTHORIZED PERSON:** |
| By: | /s/ Maria Chang Mayer |
|  | Maria Chang Mayer, Authorized Person |

---

---

| |
|:---|
| **State of Delaware** |
| **Secretary of State** |
| **Division of Corporations** |
| **Delivered 12:12 PM 05/06/2020** |
| **FILED 12:12 PM 05/06/2020** |
| **SR 20203510434 - File Number 7960289** |

---

---

| | |
|:---|:---|
| **<u>Delaware</u>** | Page 1 |
| The First State |  |

---

*I, JEFFREY W. BULLOCK, SECRETARY OF STATE OF THE STATE OF DELAWARE DO HEREBY CERTIFY THAT THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF FORMATION OF "GREEN COFFEE COMPANY HOLDINGS, LLC" FILED IN THIS OFFICE ON THE SIXTH DAY OF MAY, A.D. 2020, AT 12:12 O'CLOCK P.M.*

---

| | | |
|:---|:---|:---|
|  |  | ![](tn2614683d1_ex2-1img02.jpg) |
| 7960289 8100F | ![](tn2614683d1_ex2-1img01.jpg) | Authentication: 202894285 |
| SR# 20203510434 |  | Date: 05-07-20 |
| You may verify this certificate online at corp.delaware.gov/authver.shtml | You may verify this certificate online at corp.delaware.gov/authver.shtml |  |

---

STATE *of* DELAWARE<br> CERTIFICATE OF FORMATION<br> OF<br> GREEN COFFEE COMPANY HOLDINGS, LLC<br> A DELAWARE LIMITED LIABILITY COMPANY

This Certificate of Formation was duly executed and is being <sup>.</sup>filed in accordance with Section 18-201 of the Delaware Limited Liability Company Act,

**FIRST:** The name of the limited liability company is Green Coffee Company Holdings, LLC the "Company").

**SECOND:** The mailing address of the Company shall be Global Express Travel & Business Center, Calle 10 #42-28, Medellin, Colombia, 3381ADG.

**THIRD:** The address of the Company's registered office in the State of Delaware is National Registered Agents, Inc., 1209 Orange Street, Wilmington, DE, 19801, and the name of the registered agent of the Company in the State of Delaware at that address is National Registered Agents, Inc.

**FOURTH:** The initial Manager of the Company shall be Cole Shephard, at Global Express Travel & Business Center, Calle 10 #42-28, Medellin, Colombia 3381ADG.

**IN WITNESS WHEREOF**, the undersigned has executed this Certificate of Formation as an authorized person with respect to the Company this 5th day of May, 2020.

---

| | |
|:---|:---|
| **AUTHORIZED PERSON:** | **AUTHORIZED PERSON:** |
| By: | /s/ Maria Chang Mayer |
|  | Maria Chang Mayer, Authorized Person |

---

---

| |
|:---|
| **State of Delaware** |
| **Secretary of State** |
| **Division of Corporations** |
| **Delivered 12:12 PM 05/06/2020** |
| **FILED 12:12 PM 05/06/2020** |
| **SR 20203510434 - File Number 7960289** |

---

## Ex1A-2A

**Exhibit 2.2**

**SECOND AMENDED AND RESTATED** 

**LIMITED LIABILITY COMPANY AGREEMENT**

**OF**

**GREEN COFFEE COMPANY HOLDINGS, LLC**

**dated as of** 

**May 15, 2026**

THE LIMITED LIABILITY COMPANY INTERESTS EVIDENCED BY THIS DOCUMENT ARE SUBJECT TO RESTRICTIONS ON ASSIGNMENT, DISPOSITION AND TRANSFER SET FORTH HEREIN. THE INTERESTS HAVE NOT BEEN REGISTERED UNDER ANY SECURITIES LAWS AND MAY NOT BE SOLD, ASSIGNED, PLEDGED, DISPOSED OR OTHERWISE TRANSFERRED WITHOUT COMPLIANCE WITH APPLICABLE SECURITIES LAWS.

**SECOND AMENDED AND RESTATED** 

**LIMITED LIABILITY COMPANY AGREEMENT**

**OF**

**GREEN COFFEE COMPANY HOLDINGS, LLC**

THIS is the SECOND AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT (this "***Agreement***") of GREEN COFFEE COMPANY HOLDINGS, LLC, a Delaware limited liability company (the "***Company***"), dated as of May 15, 2026 (the "***Effective Date***"), executed on behalf of the Members by Legacy Management Americas Corp., a corporation organized under the laws of the Republic of Panama (the "**Asset Manager**"), and any other Person who becomes a party to this Agreement in accordance with the terms hereof.

**WITNESSETH:**

WHEREAS, the Company was formed on May 6, 2020 for the purpose of conducting business as a limited liability company under the Limited Liability Company Act of the State of Delaware (the "***Act***") and pursuant to its certificate of formation in Delaware (the "***Certificate of Formation***") and to serve as successor to The Green Coffee Company Inc., previously existing under the laws of the Republic of Panama.

WHEREAS, the Limited Liability Company Agreement of the Company was first amended and restated on February 22, 2022, as further amended, and the Asset Manager on behalf of the Members now desires to adopt this Second Amended and Restated Limited Liability Company Agreement as of the Effective Date to amend and restate that agreement.

NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Members, in all cases represented by the Asset Manager, agree as follows.

**ARTICLE 1 ORGANIZATIONAL MATTERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 Formation of the Company; Term.** The Company has been formed for the object and purpose of and the nature of the business to be conducted and promoted by the Company as set forth in the Certificate of Formation, as may subsequently be amended. The Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware. Unless sooner dissolved as provided herein, the Company is to continue in perpetuity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 Name.** The name of the Company is: GREEN COFFEE COMPANY HOLDINGS, LLC

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.3 Purpose of the Company; Business.** The purpose of the Company is to engage in any lawful act or activity for which limited liability companies may be formed under the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.4** The principal place of business and mailing address of the Company and office where the records described in **Section 6.18** and **(c)** are kept is 1301 W. 22nd Street, Suite 310, Oak Brook, Illinois 60523. The registered office of the Company in Delaware is as set forth in the Certificate of Formation of the Company. The Board, from time to time, may change the principal place of business of the Company. The Company also may establish additional places of business or offices for maintenance of records as the Board determines are necessary or appropriate. This **Section 1.4** is to be amended by the Board or by the Officers (without the need for any action by any Member) to reflect each change in the address of the registered office in the State of Delaware.

**ARTICLE 2 DEFINITIONS**

"***Act***" means the Limited Liability Company Act of the State of Delaware, as amended from time to time. Any reference to the Act automatically includes a reference to any subsequent or successor limited liability company law in Delaware.

"***Affiliate***" means, with respect to any Person, any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with the specified Person. A Person controls another Person if such Person possesses, directly or indirectly, the power to direct or cause the direction of the management and policies of the "***controlled***" Person, whether through ownership of voting securities, by contract or otherwise. "***Affiliate***" also includes any Person who is related by blood or marriage to the Person in question.

"***Affiliate Transaction***" means a transaction or arrangement between the Company or any of its direct or indirect Subsidiaries, on the one hand, and any Member or Manager, excluding the Asset Manager or any of its Affiliates who cannot be considered parties to an Affiliate Transaction, or any of their respective Affiliates (other than the Company and its direct or indirect Subsidiaries), on the other hand.

"***Agreement***" means this Agreement, as amended from time to time.

"***Asset Manager***" means the Asset Manager as defined in the preamble of this Agreement.

"***Bankruptcy***" means, with respect to any Person, that Person's filing a petition or otherwise voluntarily commencing a case, or proceeding, or filing an answer not denying the material allegations of a complaint in any proceeding seeking relief under any federal or state bankruptcy, insolvency, or debtors' reorganization law; being the voluntary or involuntary subject of an order for relief by any court under any such law; or being adjudicated a "***bankrupt,***" "***debtor,***" or "***insolvent***" under any such law; or there being appointed under any such law a "***trustee,***" "***receiver,***" or "***custodian***" to manage his or its business or properties; or there being commenced under any such law a case or proceeding proposing such an order for relief, adjudication, or appointment with respect to that Person or its business, which proceeding is consented to by that Person or which is not dismissed within ninety (90) days after being commenced.

"***Board***" or "***Board of Managers***" means the Board of Managers created under **Section 6.1**.

"***Business Day***" means any day that is not a Saturday, a Sunday or a day on which banks are required or permitted to be closed in Delaware or any jurisdiction of any of the Company's Subsidiaries or Affiliates.

"***Capital Account***" means the capital account of a Member maintained as required by **Section 5.2**.

"***Capital Contributions***" means with respect to any Member, the sum of the amount of cash and the fair market value (on the date contributed) of any property (other than money) and/or services contributed, or deemed contributed to the Company by such Member (or its predecessors in interest) with respect to the Units held by such Member.

"***Change in Control***" means consummation of: (a) a sale, merger or similar transaction or series of related transactions as a result of which the Persons holding, directly or indirectly, Common Interests as of the date hereof and their Permitted Transferees hold, directly or indirectly, less than 50% of the outstanding Common Interests and which is designated by the Legacy Managers as a Change in Control; or (b) the sale of all or substantially all (as determined by the Legacy Members) of the assets of the Company and its Subsidiaries, taken as a whole, in a transaction or series of related transactions.

"***Code***" means the Internal Revenue Code of 1986, as amended. References to specific sections of the Code include references to corresponding provisions of any succeeding internal revenue law of the United States of America and regulations promulgated thereunder.

"***Class A Common Interests***" shall mean the Class A Common Interests of the Company designated as such and issued from time to time by the Company having the terms thereof included herein or as supplemented by any Investor Agreement with any Member for such Common Interests. Each Class A Common Interest shall be entitled to one vote per Common Interest on matters appropriately put to a vote of the Members pursuant to this Agreement. With respect to the Class A Common Interests, each Interest once issued and while it is outstanding shall be entitled to an annual preferred and cumulating investment return equivalent to six percent (6%) per annum (the "Class A Preferred Return") calculated based on the amount the Member paid for such interests (the "Hurdle Rate"), subject to Section 4 of this Agreement.

"***Class B Common Interests***" shall mean the Class B Common Interests of the Company designated as such and issued from time to time by the Company having the terms thereof included herein or as supplemented by any Investor Agreement with any Member for such Common Interests. Each Class B Common Interest shall be entitled to one vote per Common Interest on matters appropriately put to a vote of the Members pursuant to this Agreement.

"***Common Interests***" means the common equity interests of the Company and any other class or series of Units specifically designated as Common Interests.

"***Company***" means the limited liability company specified in the Preamble that is governed by this Agreement.

"***Dragging Member***" means the Member or Members controlling the voting rights of the Common Interests approving an Approved Sale pursuant to **Section 8.3**.

"***Employee***" means any current, future or former employee or consultant of the Company or its Subsidiaries.

"***Fair Market Value***" means, for any Unit as of any date, the amount that would have been distributable with respect to such Unit as of such date if the Company had sold all of its assets (including goodwill and any other intangible assets) for their fair market values using a generally accepted method for computing fair market value, as selected by the Board.

"***Incentive Unit Plans***" means any incentive plan adopted by the Board of Managers that provides for the issuance of Units to Employees.

"***Indebtedness***" of any Person means, without duplication, (i) the principal, accreted value, accrued and unpaid interest, prepayment and redemption premiums or penalties (if any), unpaid fees or expenses and other monetary obligations in respect of (A) indebtedness of such Person for money borrowed and (B) indebtedness evidenced by notes, debentures, bonds or other similar instruments for the payment of which such Person is responsible or liable; (ii) all obligations of such Person issued or assumed as the deferred purchase price of property, all conditional sale obligations of such Person and all obligations of such Person under any title retention agreement (but excluding trade accounts payable and other accrued current liabilities arising in the ordinary course of business) (other than the current liability portion of any indebtedness for borrowed money); (iii) all obligations of such Person under leases required to be capitalized in accordance with applicable accounting standards; (iv) all obligations of such Person for the reimbursement of any obligor on any letter of credit, banker's acceptance or similar credit transaction; (v) all obligations of such Person under interest rate or currency swap transactions (valued at the termination value thereof); (vi) the liquidation value, accrued and unpaid dividends and prepayment or redemption premiums and penalties (if any), unpaid fees or expense and other monetary obligations in respect of any and all redeemable preferred stock of such Person; (vii) all obligations of the type referred to in clauses (i) through (vi) of any Person for the payment of which such Person is responsible or liable, directly or indirectly, as obligor, guarantor, surety or otherwise, including guarantees of such obligations; and (viii) all obligations of the type referred to in clauses (i) through (vi) of other Persons secured by (or for which the holder of such obligations has an existing right, contingent or otherwise, to be secured by) any lien on any property or asset of any such Person (whether or not such obligation is assumed by any such Person).

"***Initial Public Offering***" means the first underwritten public offering pursuant to an effective registration statement filed under the U.S. Securities Act of 1933 or other similar security law of any other jurisdiction or other materially similar listing on any other recognized public market or exchange covering the offer and sale of securities of the Company or the surviving or resulting successor of the Company in a transaction pursuant to **Section 9.15**.

"***Investor Agreement***" means any investor, subscription or similar agreement executed in connection with the purchase or acquisition of any Units by any Member or other Person and the Company and/or the Asset Manager.

"***Interest***" means a limited liability company interest in the Company, including any and all benefits to which a Member may be entitled under this Agreement and the obligations of a Member under this Agreement.

"***Legacy Managers***" shall mean Managers Cole Shephard and Adam Jason.

"***Liquidation Proceeds***" means all cash and other property available for distribution pursuant to **Section 9.2**.

"***Liquidation Value***" means, for any Unit and as of any date, the amount that would have been distributable with respect to such Unit as of such date if the Company had (i) sold all of its assets (including goodwill and any other intangible assets) for their Fair Market Values discounted for a reasonably likely discount amount under the circumstances of a current liquidation event as determined in good faith by the Board, and then (ii) distributed the proceeds in liquidation of the Company pursuant to **Section 9.2**. For purposes of the deemed distribution pursuant to the preceding clause (ii), all Unvested Units shall be treated as if they were Vested Units.

"***Managers***" mean the Managers appointed by the Members as represented by the Asset Manager from time to time as provided in **Section 6.1(a)** and in whom management of the Company is vested.

"***Members***" means all of the Persons executing this Agreement or a counterpart hereof as holders of Units and their successors in interest, or for whom this Agreement or a counterpart hereof has been executed by the Asset Manager, and other Persons who are admitted as Members in accordance with the terms of this Agreement and the Act. The Members shall constitute the "members" (as that term is defined in the Act) of the Company.

"***Net Book Income***" means, for any period, the excess, if any, of the Company's items of income and gain for such period over the Company's items of loss and deduction for such period, as computed for Book purposes.

"***Net Book Loss***" means, for any period, the excess, if any, of the Company's items of loss and deduction for such period over the Company's items of income and gain for such period, as computed for Book purposes.

"***Percentage Interest***" of a Member means the ratio that the aggregate number of Common Interests held by such Member bears to the aggregate number of Common Interests held by all Members of the Company holding Common Interests, expressed as a percentage.

"***Person***" means and includes any natural person and any corporation, firm, partnership, trust, estate, limited liability company, association or other legal entity.

"***Preferred Unit Holder***" means any Member that holds Preferred Units.

"***Preferred Units***" means Units issued from time to time and designated as Preferred Units.

"***Preferred Return***" means, with respect to each Preferred Unit, a return at the rate per annum as specified in the applicable certificate of designations for the Preferred Unit.

"***Proposed Distribution***" means, as of any time, an amount to be distributed to the Members pursuant to **Section 4.2**.

"***Service***" means the United States Internal Revenue Service.

"***Services Agreement***" means any agreement between any Person and the Company or the Asset Manager that was entered into in order to define the services, roles and responsibilities to be provided by such Person to the Company, including any award agreement entered into connection therewith or separately therefrom.

"***Subsidiary***" means, with respect to any Person, any entity as to which such Person (a) is the managing partner or managing member, (b) holds 50% or more of the voting power of the equity interests or (c) has the right to designate a majority of the board of directors or similar governing body.

"***Tax Year***" means the period beginning on January 1 and ending on December 31 of each year.

"***Transfer***" means any sale, assignment, pledge, hypothecation, encumbrance, disposition, transfer (including, without limitation, a transfer by will or intestate distribution), gift, or attempt to create or grant a security interest in any Interest or interest therein or portion thereof (including, without limitation, a direct or indirect transfer of economic or voting rights, if any, in any Units), whether voluntary or involuntary, by operation of law or otherwise.

"***Units***" means any or all of the Interests, including the Common Interests and the Preferred Units, as may exist from time to time pursuant to the terms hereof, whether vested or unvested, unless the context otherwise expressly provides.

"***Unvested Units***" means, unless vesting is otherwise accelerated pursuant to the terms hereof, all Units that have not yet vested in accordance with the terms and conditions related thereto as determined by the Board.

"***Vested Units***" mean all Units except Unvested Units.

"***Voting Managers***" means those Managers entitled to a vote on the matter at hand in accordance with the Act and with further consideration for actual and perceived conflicts of interest with respect to such matter.

**ARTICLE 3 CAPITALIZATION AND UNITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 Authorized Units and Capital Contributions**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The authorized capital of the Company shall initially consist of an unlimited number of Common Interests, including an unlimited number of Class A Common Interests and Class B Common Interests the issuance of which shall, in all cases, be subject to the approval of the Legacy Managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Members and their respective Common Interests as of the Effective Date are included in the books and records of the Company. The books and records of the Company shall note those Common Interests subject to conditions of ownership, if any, but all such Common Interests shall be deemed outstanding for all purposes, including voting, and allocations and distributions, unless and until forfeited, subject to applicable Services Agreements and Investor Agreements. All ownership interests in any Preferred Units shall be governed by the contracts applicable thereto except as provided for herein, and the books and records of the Company shall be updated from time to time to by management to reflect changes to the ownership interests of such Preferred Units, if any, that are validly issued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 Additional Contributions; Interest**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) No Member shall have any obligation to make further Capital Contributions to the Company except as provided by an Investor Agreement. Each Member shall have the right, but not the obligation, to make further Capital Contributions only to the extent expressly provided by this Agreement or any other agreement governing their purchase of their respective Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No Member will be paid interest on Capital Contributions to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 Units Generally**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each Member's Interest in the Company shall be represented by Units and the Company may issue whole or fractional Units. The relative rights of the Units are as set forth in this Agreement, applicable Investor Agreements or on any certificate of designations, as applicable, with respect thereto. The Units shall not be certificated unless otherwise determined by the Board in its sole discretion. To the extent that Units are not certificated, provisions in this Agreement compelling action with regard to such certificates shall be disregarded. Upon the admission of a new Member after the Effective Date, such new Member will execute, or the Asset Manager will execute on its behalf, a joinder agreement to this Agreement or an Investor Agreement agreeing to be bound by the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Subject to the terms and conditions of this Agreement, the Board shall be authorized to issue additional Units in one or more classes, whether to an existing Member or to one or more new Members or non-Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.4 Effect of Forfeiture or Sale of Units; Sale Procedures; Distributions Pending Sale.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Effective upon the purchase by the Company of any of the Units pursuant hereto or the occurrence of any event resulting in the forfeiture of any Units pursuant hereto, (i) except as expressly provided to the contrary in this Agreement or in any Investor or Service Agreement, such relinquished Units shall, for all purposes of this Agreement, be canceled and no longer be considered outstanding and shall no longer be entitled to receive any distributions pursuant to this Agreement (except for tax distributions pursuant to **Section 4.4**) or have any rights hereunder, (ii) the Member's Percentage Interest shall be adjusted accordingly and (iii) any such repurchased or forfeited Units shall be available for award by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company shall be responsible for any legal fees and other closing costs incurred by the Company in connection with such transactions specified in **Section 3.4(a)** except as set forth in any Investor Agreement or Service Agreement. At the request of the Board of Managers, the selling Person shall (i) sign all documents reasonably necessary to effectuate a purchase or forfeiture, as applicable, and (ii) require the Person whose Units are being purchased or forfeited to deliver a release of the Company, the Board of Managers, the other Members and their respective directors, shareholders, partners, employees, agents, advisors and representatives, as a condition to delivery to such Person of any consideration in respect of such purchase or forfeiture. All Units sold pursuant hereto shall be sold free and clear of any liens or other encumbrances and together with all rights attached thereto as of the date of transfer (and such Person shall be required to make representations and warranties with respect thereto).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.5 Withdrawal; Return of Capital**. No Person is entitled to withdraw any portion of its Capital Contribution(s) and no Person has any right to a return of capital except through distributions as provided in **Article 4**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.6 Unit Splits, Recombinations, Etc**. In the event that the Company at any time or from time to time after the Effective Date effects a subdivision or combination of any class of Common Interests into a greater or lesser number of Common Interests, it shall make a proportionate and corresponding subdivision or combination of all other classes of Common Interests, effective at the same time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.7 Additional Members**. After the formation of the Company, any Person acceptable to the Asset Manager may become an additional Member of the Company for such consideration as the Board of Managers shall determine. Prior to the admission of an additional Member, the Managers may revalue the Capital Account balances of the Members to the extent necessary under applicable tax treatment consistent with the provisions of Treasury Regulations § 1.704-1(b)(2)(iv)(f) and (g). No additional Member shall be entitled to any retroactive allocation of losses, income or expense deductions incurred by the Company.

**ARTICLE 4 DISTRIBUTIONS** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.1 Distribution Policy**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board of Managers will determine whether and when any distribution will be made under **Section 4.2** or **Section 4.3**; *provided* that all distributions due and payable pursuant to **Section 4.4** shall be required to be paid in full prior to or contemporaneously with any distributions pursuant to **Section 4.2** or **Section 4.3** in accordance with the terms of **Section 4.4**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Distributions under **Section 4.2** or **Section 4.3** will only be made to the extent cash is available to the Company (and subject to the preference provided for in **Section 4.4**) without requiring (i) the sale or pledge of Company assets at any time or on terms that the Board of Managers believes are not in the best interests of the Company or (ii) a reduction in reserves that the Board of Managers believes are necessary or desirable for working capital or other Company purposes, as further provided for in Section 4.5 hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.2 Cash Distributions**. Except as otherwise provided in **Section 4.4**, and subject to any Investor Agreement, all cash distributions shall be made in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) First, to the Preferred Unit Holders, if any, in proportion to their respective Preferred Units, until the unrecovered Preferred Return (if any) in respect of each then outstanding Preferred Unit has been reduced to zero,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Second, solely in the case of a distribution in connection with an Approved Sale, a transaction in which a Drag-Along Notice is issued pursuant to **Section 8.3**, or any other transaction that would reasonably be expected to result in a liquidation, dissolution, Change in Control, termination or winding up of the Company, to the Preferred Unit Holders, if any, in proportion to their respective Preferred Units, until the unrecovered Preferred Return (if any) in respect of each then outstanding Preferred Unit has been reduced to zero, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Thereafter the amount of cash available for distribution under this **Section 4.2(c)** shall be apportioned among the Members in proportion to their Percentage Interests and amounts initially apportioned to a Member in respect of a Common Interest shall be promptly distributed to such Member in respect of such Common Interests; *provided, however*, that the Class B Common Interests shall be subordinated to the Class A Common Interests with respect to distributions and no distributions shall be made to holders of Class B Common Interests unless and until the accumulated Class A Preferred Return payable to the holders of Class A Common Interests has been reduced to zero.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.3 In-Kind Distributions.** With the approval of the Board of Managers, the Company may make in-kind distributions of Company property other than cash. In-kind distributions will be made in the same order of priority as cash distributions. Notwithstanding this **Section 4.3**, tax payment distributions made in accordance with **Section 4.4** shall be made in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.4 Tax Payment Distributions.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company may distribute cash to each Member holding Common Interests, from time to time, on the dates that are required to enable each Member holding Common Interests (or its owners) to pay taxes (including any estimated tax payments) with respect to taxable income allocated to that Member under this Agreement subject to the discretion of the Board and shall equalize the other Members holding Common Interests (without regard to holders of Preferred Units) with respect to payment as the Board deems appropriate so as to not favor one Member holding Common Interests over any other.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For the avoidance of doubt, no distributions shall be made pursuant to this **Section 4.4** (i) with respect to any income realized under the Code by the recipient or holder of a Unit upon the issuance or vesting of such Unit and (ii) with respect to any gain recognized on the sale of all or substantially all of the assets of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Member will return or repay to the Company as soon as practicable any amount distributed under this **Section 4.4** if allocations of taxable income are recalculated and such amounts exceed the distribution to such Member (or the Member who prompted the Board to make distributions to other Members with such amounts being refunded in that corresponding percentage by the other Members concurrently). Such excess distributions shall be treated as a loan to the respective Member until returned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4.5 Distributions and Dividends Policy.** The Company may in its sole discretion (but shall not be required to) make distributions and dividends of cash, securities and other property to the Members at any time and from time to time in the manner described in this **Section 4**. Any distribution by the Company pursuant to this Agreement to the Member shown on the Member's records with the Company, or to the transferee of such Person's right to receive such distributions as provided herein, shall acquit the Company of all liability to any other Person that may be or may purport to be interested in such distribution by reason of any actual or purported Transfer of such Person's interest in the Company for any reason (including a Transfer of such interest by reason of the death, incompetency, bankruptcy or liquidation of such Person). Notwithstanding anything to the contrary contained in this Agreement, the Company shall not be required to make a distribution to any Member to the extent such distribution would violate any applicable law. Net Income from operations shall be apportioned among the Members in proportion to their investor percentages in the Company and the corresponding investment term immediately prior to the end of the fiscal year in the event that the Company elects to be taxed as a partnership for tax purposes. The Company is currently taxed as a C-corporation under U.S. tax law.

**ARTICLE 5 BOOKS, CAPITAL ACCOUNTS, AND ALLOCATIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.1 Financial Reporting and Nonfinancial Reporting Books.** The Company will maintain financial reporting books in accordance with applicable accounting standards, applied on a basis consistent with prior periods. The Company will maintain nonfinancial reporting books and Capital Accounts as required by **Section 5.2**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.2 Capital Accounts.** Each Member will have a Capital Account maintained in the records of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.3 Allocations of Net Book Income and Net Book Loss.** The Net Book Income and Net Book Loss of the Company (and, if necessary, items of gross Book income, gain, loss and deduction) shall be allocated in respect of the Percentage Interests of the Members to the extent that doing so is consistent with the tax treatment of the Company. The Company has currently elected to be treated as a C-Corporation under the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.4 Tax Allocations.** Each item of income, gain, loss, and deduction will be allocated for income tax purposes in the same manner as the corresponding allocation for Book purposes. Nothing contained in this Agreement shall limit the Company from selecting a tax treatment or classification deemed to be in the best interests of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**5.5 Statutory Registers.** The Company will at all times maintain and to the extent necessary file (1) a register of Managers; (2) a register of Members; (3) a register of beneficial ownership; (4) a register of security interests over member interests; and (5) a register of mortgages and charges, all in accordance with the Act.

**ARTICLE 6 MANAGEMENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.1 Board of Managers.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board of Managers will be composed of the following two (2) Managers and shall be the sole individuals until any such successor is appointed or elected in whom management of the Company is vested: Cole Shephard and Adam Jason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Manager, except as provided below, is to serve until the earlier of his or her death, resignation, or removal or until a successor is appointed or elected. Any Manager may resign at any time by delivering his or her written resignation to the Board of Managers. None of the Legacy Managers shall be subject to removal or to having any successor appointed or elected where the Asset Manager is continuing to serve as Asset Manager of the Company. In the case of death or resignation of any Legacy Manager, any remaining Legacy Manager shall be entitled, in his sole discretion, to appoint a replacement for the departing Legacy Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.2 Authority of the Board of Managers.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as specifically reserved to the Members in this Agreement or as reserved to the Members under the Act (which reservation cannot be altered by agreement of the Members), the Board has all power and authority to manage, and direct the management of, the business and affairs of the Company in the ordinary course of its business. Except to the extent limited by powers reserved to the Members under **Section 6.4** or to them or other Members by other provisions of this Agreement, approval by or action taken by the Board in accordance with this Agreement is the approval or action of the Company and is binding on each Member and all holders of any Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board may delegate to the Officers, other employees, and agents of the Company the authority to conduct the business of the Company in the ordinary course in accordance with this Agreement and any policy of delegation which may be adopted and revised from time to time by the Board. Any power granted to the Board by this Agreement that is not delegated by the Board remains with the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.3 Powers of the Board.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Without limiting the generality of **Section 6.2(a)** and consistent with the other provisions of this Agreement and the Act, the authority of the Board of Managers includes, without limitation, the power to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) approve the annual operating and capital budgets and strategic plans, including working capital budgets;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) appoint or remove Officers pursuant to **Section 6.12** and establish compensation for each Officer of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) appoint or remove strategic advisors ("Strategic Advisors") to the Board (with no such strategic advisor being considered by any Member as a Manager under the Act for any purpose including the assertion of any legal claim) and establish the compensation, rights and duties for each Strategic Advisor of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) incur, assume or guarantee any Indebtedness, or authorize any commitment with respect thereto;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) authorize any sale, lease, transfer, or other disposition of any asset of the Company except in accordance with the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) adopt, approve, or terminate any individual or group employee retirement plan, any welfare benefit plan, any incentive or compensation or any other benefit plan or policy, or any modifications thereto or grant any awards thereunder;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) change the Tax Year of the Company or make or modify any tax elections;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) authorize any investment in, or the acquisition of stocks or bonds of, any other Person or any equity interest in any other Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ix) approve any change of the location of the headquarters of the Company or any of its Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(x) approve any license or other grant of rights to or from the Company with respect to any patents, trademarks, trade names, service marks, know-how, trade secrets, or other proprietary information;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xi) appoint and replace auditors and otherwise employ certified public accountants on such terms and for such compensation as it considers appropriate;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xii) amend the charter or organizational documents of any Subsidiary;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiii) enter into acquisition and similar transactions, including transactions involving leases or licenses, other than in the ordinary course of the Company's business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xiv) declare distributions or payments of any kind to Members or otherwise, including any redemption of Units from any Member or Person holding Units, in each case, except to the extent expressly required herein;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xv) add to, amend or terminate any significant supplier, buyer or services contracts;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvi) initiate, approve or settle any claim, suit, action, case or proceeding;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xvii) enter into, amend or terminate any material agreement, contract, license or lease that could result in a material obligation or liability of the Company or any Subsidiary in compliance with the Company's applicable policies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xviii) construct any new discretionary capital improvements on any property of the Company or replace on a discretionary basis an existing capital improvement following completion of construction thereof or enter into any contract or agreement therefor;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xix) give or grant any options, rights of first refusal, deeds of trust, mortgages, pledges, ground leases, security or other interests, in each case, encumbering property of the Company or any portion thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xx) sell, convey, refinance or effect any other transfer of the property or other material asset of the Company or any Subsidiary or any portion thereof or enter into any agreement, commitment or assumption with respect to any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxi) acquire by purchase, ground lease or otherwise, any real property, or enter into any agreement, commitment or assumption with respect to any of the foregoing;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxii) reorganize the Company's Subsidiary structure or establish new material Subsidiaries;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiii) grant any registration rights to any Person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxiv) enter into any transaction involving a sale of material assets of the Company or any business division of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(xxv) make all other material decisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) None of the powers granted in **Section 6.3(a)** broaden or extend powers that are specifically limited by other provisions of this Agreement or the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.4 Limitation on Powers of Managers; Approval of Members.**

Notwithstanding anything in this Agreement to the contrary, without the approval of at least a majority of the Common Interests entitled to vote on such matter, the Managers, subject to any Investor Agreement, shall not have the authority to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) enter into or amend any transaction between the Company and a Member or an Affiliate of a Member or an employee of either, except in connection with transactions made on an arm's-length basis at the then-prevailing market rates all as determined in good faith by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) sell, exchange, lease, mortgage, pledge or otherwise dispose of all or substantially all of the assets of the Company in a single transaction or series of related transactions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) terminate, dissolve or wind-up the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) elect or remove any of the Managers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) approve a merger or consolidation of the Company with or into another Person where such successor entity to the Company would as a result own more than 50% of the Common Interests;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) authorize any transaction, agreement or action on behalf of the Company that is unrelated to its purpose as set forth in this Agreement and the Certificate of Formation, that otherwise contravenes this Agreement or that is not within the usual course of the business of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) take any action reserved to the exclusive power of the Members pursuant to the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) amend this Agreement (other than for administrative purposes); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) increase or decrease the capital stock of the Company.

For the avoidance of doubt, for purposes of this Agreement, in the case of a transaction or arrangement between the Company or any of its direct or indirect Subsidiaries, on the one hand, and any Member (other than any of the Legacy Managers), or any of their respective Affiliates (other than the Company and its direct or indirect Subsidiaries), on the other hand, where in such case the Member is the specific subject of such matter to be voted upon (other than in the case of the election of Managers), such Member shall be excluded from such vote and the matter relating thereto shall require the approval at least a majority of the Common Interests entitled to vote thereon, excluding the Common Interests of such Member (if applicable) and any of its respective Affiliates, provided, however, that the Common Interests of such Member (if applicable) shall still be counted and shall be deemed present for purposes of establishing a quorum under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.5 Notice of Board Meetings; Quorum.** Regular meetings of the Board are to be held at such times and places as may be fixed by the Board, and may be held without further notice. Special meetings of the Board may be called by one or more Voting Managers. Notice of the time and place of a special meeting of the Board is effective if delivered to each Manager by hand, telecopy, telephone, or e-mail at least 48 hours prior to the time of such special meeting. Notices of special meetings of the Board are to identify the purpose of the special meeting or the business to be transacted at the special meeting. The failure to specifically identify an action to be taken or business to be transacted does not invalidate any action taken or any business transacted at a special meeting. Notwithstanding the foregoing, no action may be taken at any meetings of the Board unless a quorum (comprising a majority of the Voting Managers) is present in person or by proxy, power of attorney or other reasonable evidence of authorization pursuant to **Section 6.9**. If a quorum shall not be present at any meeting of the Board, the Voting Managers present thereat may adjourn the meeting to another time and place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.6 Location of Board Meetings.** Board meetings may be held at any location. Managers (other than those granting proxy, power of attorney or other reasonable evidence of authorization pursuant to **Section 6.9**) may participate in a meeting of the Board by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting constitutes presence in person at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.7 Waiver of Notice of Meeting.** Whenever notice of a Board meeting is required to be given, a written waiver of notice, signed by a Manager entitled to notice, whether before or after the time of the meeting, is equivalent to notice. A Manager's attendance at a meeting is a waiver of notice of that meeting, except when the Manager attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened. A Manager's grant of proxy, power of attorney or other reasonable evidence of authorization pursuant to **Section 6.9** is a waiver of notice of that meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.8 Required Vote.** Approval by, or the authorization of, the Board requires the vote of at least a majority of the votes entitled to be cast by all of the Voting Managers on the Board (as calculated in accordance with **Section 6.9**, including after giving effect to the elimination of any votes required thereby due to deadlock). In no case can the Asset Manager be terminated as the Asset Manager of the Company, replaced or have any of its rights described in any Investor Agreement or otherwise impaired to any extent absent the unanimous written consent of all of the Managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.9 Voting; Proxies.** Each Voting Manager on the Board has one vote. A Non-Voting Manager on the Board shall not be entitled to vote. Any Voting Manager may authorize another Voting Manager to vote on behalf of such Voting Manager by proxy, power of attorney or other reasonable evidence of authorization. The Voting Manager granting such proxy, power of attorney or other reasonable evidence of authorization shall be counted as present at such meeting for the purpose of establishing the quorum pursuant to **Section 6.4**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.10 Written Actions of the Board.** Any action required or permitted to be taken at any meeting of the Board may be taken without a meeting upon unanimous consent thereto by all of the Voting Managers of the Board (as calculated in accordance with **Section 6.8**) in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.11 Committees of the Board.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>General</u>. The Board may designate one or more committees. Each committee is to be composed of such number of Managers, including not less than one (1) Legacy Manager, as the Board may determine. Any committee, to the extent provided by the Board, may have and may exercise all of the power and authority of the Board. All the provisions of this Agreement apply to committees of the Board, except that special meetings of a committee may be called by any member of such committee and the chairman of any committee is to preside at meetings of such committee. A vote of at least a majority of the members of a committee is approval by, or the authorization of, any committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.12 Officers of the Company.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board of Managers may at any time and from time to time appoint any individuals as officers ("***Officers***") of the Company, which may include a Chief Executive Officer and/or President, Chief Financial Officer or such other Officers (such as any number of Vice Presidents) the Board deems advisable. No Officer needs to be a Member or a Manager. An individual can be appointed to more than one office. Current officer roles include – Cole Shephard, Co-CEO and Chairman, Adam Jason, Co-CEO, and Ted Skodol, President - North America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Officer, except as provided below, serves until the earlier of his or her death, resignation, or removal by the Board. An Officer may be removed at any time by the Board, subject to any Services Agreement. Any Officer may resign at any time by delivering his or her written resignation to the Board. None of the Legacy Managers shall be subject to removal in their capacities as Officers where the Asset Manager is continuing to serve as Asset Manager of the Company. In the case of death or resignation of any Legacy Manager, any remaining Legacy Manager shall be entitled, in his sole discretion, to appoint a replacement for the departing Legacy Manager in their Officer capacity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.13 Duties of the Officers.** In addition to obligations imposed by other provisions of, and subject to, this Agreement or any Services Agreement, employment agreement or other similar agreement between the Officer and the Company or the Officer and the Asset Manager, each Officer is to exercise the powers customarily exercised by corporate officers serving in his office and to devote to the Company such time as is reasonably necessary to carry out the business of the Company and to accomplish its purposes, subject to the authority and instructions of the Board. The Officers, on behalf of the Company and at the expense of the Company, are to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) maintain in the Company's records a list, updated from time to time, that accurately sets forth the names and addresses of the Members, the Interests held by the Members and all other Persons; and the amount of each Member's and any other Person´s capital contributions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) arrange for the preparation of all necessary informational income tax forms on behalf of the Company and for the preparation and filing of any and all state and local income and franchise tax returns required to be filed by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) maintain and preserve during the term of the Company and for five (5) years thereafter, or for such longer time as is necessary to determine the cost basis of the Company assets, at the Company's office designated pursuant to **Section 1.4** (or, if the Company has been terminated, at the location designated by the Board in written notice to the Members), complete and accurate books of account in accordance with the provisions of this Agreement, a list of the names and addresses of each Member and holders of Preferred Units, copies of the Certificate of Formation (and any amendments thereto), this Agreement (and any amendments thereto), and copies of all financial statements and tax returns of the Company for the most recent five-year period during the term of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) execute, acknowledge, and certify all documents and instruments and take or cause to be taken all actions which may be necessary or appropriate (i) for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members, (ii) to effectuate the provisions of this Agreement and (iii) to enable the Company to conduct its business;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) conduct the affairs of the Company in compliance with applicable laws and in the best interests of the Company and of the Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) not permit the use of Company funds or assets other than for the benefit of the Company and of the Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) use reasonable efforts not to cause the Company to incur Indebtedness or other obligations beyond the Company's ability to pay.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.14 Standard of Care.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Any Member and any Manager, Officer, or employee of the Company in the performance of his or her duties, is entitled to rely in good faith on information, opinions, reports, or other statements, including financial statements, books of account, and other financial data, if prepared or presented by: (i) one or more Officers or employees of the Company if the Person relying on the statements reasonably believes that the Person preparing or presenting the material is reliable and competent in that matter; or (ii) legal counsel, public accountants, or other Persons as to matters that the Person relying on the statements reasonably believes are within the Person's professional or expert competence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Manager and each Officer is to perform his or her duties as a Manager or Officer in good faith, in a manner he or she reasonably believes to be in or not opposed to the best interests of the Company, and with the care that an ordinarily prudent person in a similar position would use under similar circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.15 Waiver of Certain Duties; Indemnification.** None of the Managers or Officers (each an "***Indemnified Party***") shall be liable to the Company or any other Person who has an interest in the Company for any loss, damage or claim (a "***Loss***") (or any expenses or costs associated therewith ("***Costs***")) incurred by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement. To the full extent permitted by applicable law, an Indemnified Party shall be entitled to indemnification from the Company for any Loss or Costs incurred by such Indemnified Party by reason of any act or omission performed or omitted by such Indemnified Party in good faith on behalf of the Company and in a manner reasonably believed to be within the scope of the authority conferred on such Indemnified Party by this Agreement, except that no Indemnified Party shall be entitled to be indemnified in respect of any Loss or Costs incurred by such Indemnified Party by reason of such Indemnified Party's gross negligence or willful misconduct with respect to such acts or omissions; *provided, however,* that any indemnity under this **Section 6.15** shall be provided out of and to the extent of Company assets only, and no Member, Manager or Officer shall have personal liability on account thereof. The Company shall advance Costs incurred by or on behalf of an Indemnified Party in connection with any Loss within twenty (20) days after receipt by the Company from the Indemnified Party of a statement requesting such advances from time to time; *provided* such statement provides reasonable documentary evidence of such Costs and provides a written undertaking by the Indemnified Party to repay any and all advanced Costs in the event such Indemnified Party is ultimately determined to not be entitled to indemnification by the Company. The Company may enter into agreements with its Managers to provide for indemnification consistent with the terms and conditions set forth in this **Section 6.15**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.16 The Asset Manager.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Asset Manager shall have the power on behalf and in the name of the Company to carry out any and all of the objectives and purposes of the Company as determined by the Board of Managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Third parties dealing with the Company may rely conclusively upon the Asset Manager's certification that it is acting on behalf of the Company and that its acts are authorized. The Asset Manager's execution of any agreement or document on behalf of the Company is sufficient to bind the Company for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) In consideration of the services that the Asset Manager renders to the Company, the Asset Manager shall be entitled to the compensation as provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Asset Manager has the authority to outsource and redistribute any and all fees, compensation and duties in its discretion and throughout the normal course of business operations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Asset Manager shall pay all ordinary overhead and administrative expenses incurred by the Asset Manager in connection with maintaining and operating its business (including salaries, rent and equipment expenses) that are not expenses made on behalf of the Company and intended in good faith to be reimbursable expenses in connection with providing services to the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) To the maximum extent not prohibited by applicable law, the Asset Manager and any of its affiliated entities or any member, manager, shareholder, partner, director, officer, employee, agent, advisor, representative or affiliate thereof shall not be liable to any Member or the Company for (a) any action taken, or failure to act unless and only to the extent that such action taken or failure to act constitutes gross negligence or willful malfeasance by such Person or was in bad faith taken or failed to be taken, (b) any action or inaction arising from reliance in good faith upon the opinion or advice as to legal matters of legal counsel or as to accounting matters of accountants selected by any of them with reasonable care or (c) the action or inaction of any agent, contractor or consultant selected and monitored by any of them with reasonable care. To the extent that, at law or in equity, the Asset Manager or any other person has duties (including fiduciary duties) and liabilities relating thereto to the Company or any Member, any such person acting under this Agreement shall not be liable to the Company or any Member for its good faith reliance on the provisions of this Agreement except as may be required under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) To the maximum extent not prohibited by applicable law, the Company shall indemnify the Asset Manager and, unless otherwise determined by the Asset Manager in its sole discretion, each of its members, managers, shareholders, partners, directors, officers, employees, agents, advisors, assigns, representatives and affiliates (and their respective members, managers, shareholders, partners, directors, officers, employees, agents, advisors, assigns, representatives and affiliates), against any claims, losses, liabilities, damages, costs or expenses (including attorney fees, judgments and expenses in connection therewith and amounts paid in defense and settlement thereof) to which any of such persons may directly or indirectly become subject in connection with the Company, but only to the extent that the Asset Manager or such person (a) acted in good faith and (b) was neither grossly negligent nor engaged in willful malfeasance. The Company may in the sole judgment of the Asset Manager pay the expenses incurred by any such Person indemnifiable hereunder (which the Asset Manager in its sole discretion has elected to indemnify) in connection with any proceeding in advance of a final disposition thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The Asset Manager shall devote an amount of business time and attention to the affairs of the Company as the Asset Manager determines is consistent with the Company achieving its objectives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.17 Asset Management Compensation.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company will pay the Asset Manager, on a go-forward basis, annual management compensation related to the ongoing work of the Asset Manager on behalf of the Members to assist in the management of the Company for the period from and including the initial investment by each Member in the Common Interests through any final distribution of the Company's assets (should this event occur), payable quarterly in advance, equal to the aggregate sum of the product of (i) each equity Member's purchase amount of the Common Interests and any debt financing and/or preferred equity financing led by the Asset Manager on behalf of the Company that the Company may also require to pursue its business purposes, multiplied by (ii) two percent (2%) per annum. The Asset Manager also holds a non-dilutable equity position in the Company equal, unless modified by any Investor Agreement, to six percent (6%) of all equity interests in the Company as Founders Shares for founding the Company and its business and for substantial additional contributions to the Company as follows: The Asset Manager has agreed to take all necessary steps to, in addition to already reducing its annual management fee, waive all future deal-sourcing and execution fees and has contributed the specialty coffee entities previously controlled by the Asset Manager as Abira at cost basis to the Company. All fees hereunder shall be exclusive of operational costs of the Company, which shall be borne by the Company. All Units are subject to these terms unless expressly waived by the Asset Manager.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Asset Manager shall be entitled to an annual performance bonus for the period from and including the initial investment in the Common Interests through any final distribution of the Company´s assets (should this event occur) that will be calculated as twenty-five percent (25%) of the total annual net income from the operations of the Company; provided, however, that, with respect to the Class A Common Interests, such annual performance bonus shall only be calculated on amounts of net income above the Hurdle Rate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Asset Manager is entitled to an exit sale bonus. Each Member understands and agrees that, in the event of a sale of the Company or other substantially similar refinancing transactions with respect to the effect to the Member at the discretion of the Asset Manager or in the case of a registered public offering, the Asset Manager and the Members will share in the equity return of the Company (or in the case of a registered public offering, the market value for the Company immediately prior to the trading of the Common Interests of the Company) in accordance with the following: In the case of any such event, distributions will be made in the following order, subject to payments previously made during the course of holding the Common Interests of the Company, including those made to any predecessor holder of such Common Interests of the Company: (1) to the holders of the Class A Common Interests of the Company and the Asset Manager until they have received their total investment amounts and an equivalent to their Class A Preferred Return during the time in which they were invested in the Company, calculated based on the personal total investment amount; (2) to the Members holding Class B Common Interests up to their total investment amounts (as defined below); and (3) lastly, a split of the remaining proceeds of 75% to the Members and 25% to the Asset Manager. For purposes hereof, Total Investment Amount shall be the amount effectively paid by the applicable Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.18 Subsidiary Governance**. The Members hereby agree that each Subsidiary of the Company shall be managed so that that the Company can direct the business and affairs of such Subsidiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**6.19 Access to Information.** The Company shall maintain the necessary books of account of the Company's affairs at the Company´s headquarters, or at such other office as the Asset Manager may from time to time may designate, which books shall be open to inspection (but not copying) by Members for any purpose reasonably related to such Member´s or Members´ interest in the Company subject to this **Section 6.19**. The Company shall permit, subject to any accommodation to be made by the Company in its sole discretion, any Member or group of members owning, collectively, at least twenty-five percent (25%) of the Common Interests and their respective representatives (including, without limitation, their legal counsel and accountants), in-person, during normal business hours and with at least thirty (30) calendar days advance notice, at the Member's or Members´ expense, as applicable, including reasonable costs and expenses of the Company related thereto, which shall be paid in advance, to (i) visit and inspect any of the properties of the Company and its Subsidiaries, (ii) examine the corporate, financial and similar type records, reports and documents of the Company and its Subsidiaries, including, without limitation, all internal management documents, reports of operations, reports of adverse developments, copies of any management letters, press releases and registration statements, and make copies thereof or extracts therefrom, subject to the rights of the Company under Section 18-305(c) of the Act (in particular, but without limitation, with respect to identifying any contact information of other Members, which shall not be provided) and the requirements and limitations under Sections 18-305(e) and (f) of the Act, and (iii) discuss the affairs, finances and accounts of any such entities with any of the executive officers and or senior managers of the Company or any of its Subsidiaries. The Company shall have the right to preserve all such records in original form or in any other medium.

**ARTICLE 7 POWERS AND DUTIES OF AND<br> LIMITATIONS ON THE MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.1 Voting Rights.** Each Common Interest shall be entitled to one vote per Common Interest, but subject any limitations contained in any Investor Agreement. With respect to any matter required by the Act to be submitted for the vote or consent of any class of Units voting separately as a class, each Unit in such Class shall be entitled to one vote. Unless specifically provided for in the certificate of designations thereto, Preferred Units shall not be entitled to any voting rights other than as provided for under the Act. For the avoidance of doubt, the admission of any new Member shall be a matter subject solely to the approval of the Board of Managers in conjunction with the Asset Manager. All Members prior to being admitted as Members will be required to execute a power-of-attorney giving the Asset Manager, among other things, the right to vote the Interests of such Member in the discretion of the Asset Manager along with such other terms as provided for in the applicable Investor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.2 Affiliate Transactions.** The Company will only be authorized to enter into an Affiliate Transaction not existing on the Effective Date with the consent of a majority of the Voting Managers. For purposes of this **Section 7.2**, the Voting Managers are those Voting Managers that are not a party to such Affiliate Transaction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.3 Member Actions.** Meetings of the Members are not required, but if the Members holding Common Interests choose to hold meetings, subject to any limitations in any Investor Agreement, the following procedures shall be followed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Meetings of the Members holding Common Interests may be called by the Board of Managers or by the holders of at least a majority of the Common Interests. Notice of the time and place of a meeting of the Members holding Common Interests is effective if delivered to each such Member by hand, telecopy, telephone, or e-mail at least 48 hours prior to the time of such meeting. Notices of meetings of the Members holding Common Interests are to identify the purpose of the meeting or the business to be transacted at the meeting. The failure to specifically identify an action to be taken or business to be transacted does not invalidate any action taken or any business transacted at a meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Meetings may be held at any location. Members entitled to participate at such meeting may participate in a meeting by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and such participation in a meeting constitutes presence in person at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Whenever notice of a Member meeting is required to be given, a written waiver of notice, signed by a Member entitled to notice, whether before or after the time of the meeting, is equivalent to notice. A Member's attendance at a meeting is a waiver of notice of that meeting, except when the Member attends a meeting for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The participation of the holders of at least a majority of Common Interests entitled to vote at such meeting is required to establish a quorum for the meeting. Approval by, or the authorization of, the Members requires the affirmative vote of the holders of at least a majority of the Common Interests entitled to vote thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any action required or permitted to be taken at any meeting of the Members may be taken without a meeting if the holders of at least a majority of the Common Interests entitled to vote thereon consent thereto in writing. Prompt notice of the action so taken without a meeting shall be given to those Members entitled to vote or consent who have not consented in writing. Nothing contained in this Agreement shall in any way be construed as limiting a Member´s ability to exercise its rights hereunder by proxy; *provided, however*, that any such proxy may only be given to a Person that is then a current Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Notice of Tax Examinations</u>. Any Member receiving notice that the Service or any other similar taxing authority intends to examine any income tax return of the Company is required to promptly notify the Company, and the Company is to notify the other Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Tax Returns</u>. The Company shall provide, to the extent reasonably available, all such information as a Member may reasonably request for purposes of complying with applicable tax reporting requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.4 Other Activities**. Each Member shall conduct its affairs in accordance with the rights, duties and obligations, including with respect to conflicts of interest and usurpation of business opportunities to the Company, under the Act and other applicable law. The Members agree that the damages suffered by the Company as the result of a default by a Member under this Agreement (as determined in good faith by the Board of Managers) will be substantial and that such damages may not be estimated with reasonable accuracy. The Company shall as it deems necessary have the rights available to it under Sections 18-306 and 18-502(c) of the Act, and Article 3 of this Agreement shall not be applicable to any transaction resulting from the foregoing, nor shall any compensation be required in the case of the exercise by the Company of such rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.5 Legal Counsel and Waivers of Conflicts of Interest**. Each Member hereby agrees and acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company and its Affiliates may engage legal counsel ("***Company Counsel***") for any purpose (and in connection with any matter) deemed appropriate by the Board (acting within the scope of its authority), including (i) the formation, financing and operation of the Company and any Affiliate; (ii) the making, holding and disposing of investments by the Company or any Affiliate; and (iii) any dispute that may arise between one or more Members, on the one hand, and the Company or any Affiliate, as the case may be, on the other hand (any such engagement, a "***Legal Matter***").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any Company Counsel shall not, by representing the Company or any Affiliate, be considered to be representing the Members of the Company or other direct or indirect owner of any Affiliate. Except as may be agreed in writing in a specific instance, Company Counsel will undertake no professional responsibility to the Members or other owners.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.6 Limitations on the Rights of the Members.** Subject to any mandatory requirements of applicable law, no Member (in its capacity as a Member) has the right to take any part whatsoever in the management and control of the ordinary business of the Company, sign for or bind the Company, compel a sale or appraisal of Company assets, or sell or assign its Interests except as provided in this Agreement and any applicable Investor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.7 Limited Liability of the Members.** No Member (solely in its capacity as a Member) has any obligation to contribute money or anything of value to the Company other than as provided in any Investor Agreement related thereto. Any liability to return distributions made by the Company is limited to mandatory requirements of the Act or of any other applicable law or the terms of this Agreement. No Member shall be responsible or liable for any liabilities of any other Member (other than as required by law) incurred either before or after the date of this Agreement. No Member shall be responsible or liable for any liabilities of the Company solely by reason of being a Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.8 Confidentiality.** Except for disclosures necessary to implement this Agreement or in furtherance of the business of the Company, and except for disclosures required by law, the Members will preserve in confidence information regarding the Company, its business and affairs. Confidential information that is covered hereby includes, without limitation, the Company's financial performance; business plans; marketing plans; lists of clients/prospects; processes and procedures; financial and pricing models, service methods and business techniques; training, selling, service and business manuals; promotional materials; training courses and other training and instructional materials; broker and customer product information; prospective customer or broker lists; and other business information. Confidential information does not include information that (i) is or becomes generally available to the public through no fault of the disclosing Member or its representatives or (ii) is or becomes available on a non-confidential basis from a source other than the Company that the receiving Member reasonably believes is not prohibited from disclosing such information by a contractual, legal or fiduciary obligation. Notwithstanding the foregoing, each Member may disclose confidential information to governmental and regulatory bodies pursuant to applicable law, rules and regulations or in connection with a proceeding conducted thereby. The Company or its respective Affiliate shall exclusively own the "work product" of any Member or Manager also providing services to the Company or any of its Affiliates and any person under his or her direct supervision that has been created for the purpose of business activities performed on behalf of the Company or any of its Affiliates or was created on any servers of the Company or with the use of Company resources. This work product can include any writings (e.g., excel, power point, emails), programming, documentation, data compilations, reports, and any other media, materials, or other objects produced as a result of work performed for the Company or any Affiliate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.9 Reserved**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7.10 Services and Investor Agreements.**

Notwithstanding anything in this Agreement to the contrary, to the extent there is any conflict between this Agreement and any Services Agreement or Investor Agreement, the terms of the applicable Services Agreement or Investor Agreement shall control.

**ARTICLE 8 TRANSFERS OF INTERESTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.1 General Restriction.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Except as otherwise expressly permitted hereunder, no Member or Person may Transfer any Units or all or part of its Interest, without the prior written consent of the Board of Managers. The Board of Managers is entitled to grant or withhold consent in its sole and absolute discretion. The Company will not recognize any Transfer of Units or any Interest otherwise than in accordance with the terms and provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Notwithstanding anything to the contrary in **Section 8.1(a)**, any Member or Person may Transfer any or all of his, her or its Units (except as otherwise provided below) to a transferee (in each case, a "***Permitted Transferee***") in each of the following cases (each a "***Permitted Transfer***"): (A) to any manager or general partner of such Person or any partnership, limited liability company or other Person that is in each case an Affiliate of such Person and formed for the purpose of making investments (but excluding the portfolio companies themselves); (B) with respect to any individual (including any such Person receiving Units pursuant to clause (A)), to the estates and family members of any such persons and of their spouses, and any trusts for the benefit of, or limited liability company or other entity with no assets or liabilities other than the ownership rights in the Units, and the sole beneficial and record owners of which are any of the foregoing persons; (C) any successor purchasing substantially all of such Person's assets; *provided,* that such transferee shall receive and hold such Units subject to the provisions of this Agreement in the same manner as the transferor; and *provided further*, that if at any time any Person that acquired Units as an Affiliate of the immediately prior holder of such Units is no longer an Affiliate of such prior holder, then such Person shall promptly Transfer all such Units to such prior holder or to an Affiliate of such prior holder; and *provided, further,* that no such Permitted Transfer will be permissible if such Transfer would cause the Company or the Asset Manager to be subject to regulation under the U.S. Securities Exchange Act of 1934, the U.S. Investment Company Act of 1940 or the U.S. Investment Advisors Act of 1940, each as amended, or any similar law or regulation regardless of jurisdiction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If any Units are Transferred pursuant to this **Section 8.1** to any Person who is not a party to this Agreement, such Person shall agree to be bound by the terms, conditions and obligations of this Agreement and any other agreement governing such Units as a precondition to the transfer of such Units and such Units shall continue to be subject to the provisions set forth in this Agreement and any other applicable agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Member agrees, for itself and its Affiliates, that neither it nor any of its Affiliates will make a Transfer of any ownership interest, or an issuance of equity interests, in such Member, or in any Person holding a direct or indirect ownership interest in such Member, for the purpose of avoiding the provisions of this **Article 8**. In addition, no Member shall avoid the provisions of this **Article 8** by making one or more indirect Transfers, including Transfers to one or more Permitted Transferees and then disposing of all or any portion of its interest in any such Permitted Transferee, and any Transfer or attempted Transfer in violation of this covenant shall be null and void.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.2 Right of First Offer.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Right of First Offer</u>. In the event that, any of the Members or any other Person (each, a "***Seller***") desires to Transfer all or any portion of such Seller's Units in any manner other than a Permitted Transfer, then such Transfer shall not be subject to the Board approval requirements or restrictions set forth in **Section 8.1(a)** if the provisions of this **Section 8.2** are complied with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Seller shall provide written notice (the "***Seller Notice***") to the Company describing (A) the number of Units the Seller desires to Transfer ("***Available Units***"), (B) the proposed purchase price per Unit for the Available Units (the "***Offer Price***"), and (C) other terms and conditions of such proposed Transfer. The Company shall promptly deliver a copy of the Seller Notice to each of the holders of the class of Units subject to transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) For a period of fifteen (15) calendar days after the giving of the Seller Notice pursuant to **Section 8.2(a)(i)** (such period, the "***Company Option Period***"), the Company shall have the right (the "***Company Option***"), but not the obligation, to purchase any or all of the Available Units at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Seller Notice. The right of the Company to purchase any or all of the Available Units under this **Section 8.2(a)(ii)** shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Company Option Period, to the Seller, which notice shall state the number of Available Units proposed to be purchased by the Company. The failure of the Company to respond within the Company Option Period shall be deemed to be a waiver of the Company Option; *provided* that the Company may waive its rights under this **Section 8.2(a)(ii)** prior to the expiration of the Company Option Period by giving written notice to the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If the Company does not elect to purchase all of the Available Units, then for a period of fifteen (15) calendar days after the earlier to occur of (A) the expiration of the Company Option Period and (B) the date upon which the Seller shall have received written notice from the Company of its exercise of the Company Option pursuant to **Section 8.2(a)(ii)** or its waiver thereof (the "***Asset Manager Option Period***"), the Asset Manager shall have the right (the "***Asset Manager Option***") to purchase any or all of the remaining Available Units at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Seller Notice. The right of the Asset Manager to purchase any or all of the Available Units under this **Section 8.2(a)(iii)** shall be exercisable by delivering written notice of the exercise thereof, prior to the expiration of the Asset Manager Option Period, to the Seller, which notice shall state the number of Available Units proposed to be purchased by the Asset Manager. The failure of the Asset Manager to respond within the Asset Manager Option Period shall be deemed to be a waiver of the Asset Manager Option; *provided* that the Asset Manager may waive its rights under this **Section 8.2(a)(iii)** prior to the expiration of the Asset Manager Option Period by giving written notice to the Seller. The Asset Manager may assign to any of its Permitted Transferees all or any portion of its rights pursuant to this **Section 8.2(a)(iii)**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) If the Company and the Asset Manager do not elect to purchase all of the Available Units, then for a period of thirty (30) calendar days after the earlier to occur of (A) the expiration of the Company Option Period and the Asset Manager Option Period and (B) the date upon which the Seller shall have received written notice from the Company or the Asset Manager of its exercise of the Company Option pursuant to **Section 8.2(a)(ii)** or the Asset Manager Option pursuant to **Section 8.2(a)(iii)**, as applicable, or their waiver thereof (the "***Rightholder Option Period***"), each of the holders of the class of Units subject to transfer (who, in each case, is not a Seller) (each in such capacity, a "***Rightholder***" and collectively, the "***Rightholders***") shall have the right to purchase all, but not less than all, of the remaining Available Units at a purchase price equal to the Offer Price and upon the terms and conditions set forth in the Seller Notice. Each Rightholder shall have the right to purchase that percentage of the Available Units determined by dividing (1) the total number of such Units then held, directly or indirectly by such Rightholder by (2) the total number of such Units then held, directly or indirectly by all such Rightholders. If any Rightholder does not fully subscribe for the number of Available Units it is entitled to purchase, then each other participating Rightholder shall have the right to purchase that percentage of the Available Units not so subscribed for (the "***Excess Available Units***") determined by dividing (x) the total number of such Units then held, directly or indirectly by such fully participating Rightholder by (y) the total number of such Units then held, directly or indirectly by all fully participating Rightholders who elected to purchase Available Units. The procedure described in the preceding sentence shall be repeated until there are no remaining Excess Available Units. Any of the Members may assign to any of its Permitted Transferees all or any portion of its rights as a Rightholder pursuant to this **Section 8.2(a)(iv)**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) If the Company, the Asset Manager and/or the Rightholders do not purchase all of the Available Units pursuant to **Section 8.2(a)(ii)**, **Section 8.2(a)(iii)** and/or **Section 8.2(a)(iv)**, then the Seller may, subject to **Section 8.4**, Transfer the Available Units to a third party purchaser in accordance with **Section 8.2(a)(vii)**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) The closing of the purchases of Available Units subscribed for by the Company under **Section 8.2(a)(ii)**, the Asset Manager under **Section 8.2(a)(iii)** and/or the Rightholders under **Section 8.2(a)(iv)** shall be held at the executive office of the Company at such time and place as the parties to the transaction may agree; *provided*, that such closing shall occur no earlier than the 60th day after the giving of the Seller Notice pursuant to **Section 8.2(a)(i)**. At such closing, the Seller shall deliver certificates (if any) representing the Available Units, duly endorsed for transfer and accompanied by all requisite transfer taxes, if any, and such Available Units shall be free and clear of any liens and encumbrances (other than those arising hereunder and those attributable to actions by the purchasers thereof) and the Seller shall so represent and warrant, and shall further represent and warrant that it is the sole beneficial and record owner of such Available Units. The Company, the Asset Manager and/or each Rightholder, as the case may be, purchasing Available Units shall deliver at the closing payment in full in immediately available funds for the Available Units purchased by it. At such closing, all of the parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vii) Unless the Company, the Asset Manager and/or the Rightholders elect to purchase all, but not less than all, of the Available Units under **Sections 8.2(a)(ii)**, **8.2(a)(iii)** and **8.2(a)(iv)**, the Seller may, subject to the rights of all Persons pursuant to **Section 8.3**, Transfer all, but not less than all, of the Available Units to any third party purchaser at a per Unit purchase price not less than the Offer Price and on other terms and conditions no less favorable to Seller than those set forth in the Seller Notice; *provided, however*, that such Transfer is bona fide and made pursuant to a contract entered into within ninety (90) calendar days after the earlier to occur of (i) the waiver by the Company, the Asset Manager and all of the Rightholders of their options to purchase the Available Units and (ii) the expiration of the Rightholder Option Period (such earlier date, the "***Contract Date***"); and *provided further*, that such sale shall not be consummated unless and until such third party purchaser shall agree to be bound by the terms, conditions and obligations of this Agreement and any and all other agreements governing the applicable Units as a precondition to the purchase of such Available Units and such Available Units shall continue to be subject to the provisions set forth in this Agreement. If such Transfer to the third party purchaser is not consummated within 120 calendar days after the Contract Date for any reason, then the restrictions provided for herein shall again become effective, and no Transfer of any Units may be made thereafter by the Seller without again offering the same to the Company and the Rightholders in accordance herewith.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(viii) If any Transfer made to the Company or the Rightholders or to a third party purchaser would result in a breach or default of, or acceleration of any payment under any agreement of the Company, then the Seller shall not be permitted to complete the transaction; *provided, however*, that the Company shall use its reasonable efforts to permit the transaction in a manner that prevents any such breach or default of, or acceleration of any payment under any agreement of the Company on behalf of the Seller.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Rights of First Offer upon Involuntary Transfer</u>. If an Involuntary Transfer of any Units (the "***Transferred Units***") owned by any Member shall occur, then, first the Company, then the Asset Manager, and then the Members holding such class of Units (each in such capacity for the purpose of this **Section 8.2(b)**, an "***Involuntary Rightholder***" and collectively, the "***Involuntary Rightholders***"), shall have the same rights as specified in **Sections 8.2(a)(ii)**, **(iii)** and **(iv)**, respectively, with respect to such Transferred Units as if the Involuntary Transfer had been a proposed voluntary transfer by a Seller and shall be governed by **Section 8.2(a)**, except that (i) the time periods shall run from the date of receipt by the Company of actual notice of the Involuntary Transfer (and the Company shall immediately give notice to the Involuntary Rightholders of the date of receipt of such notice), (ii) such rights shall be exercised by notice to the transferee of such Transferred Units (the "***Involuntary Transferee***") rather than to the Member who suffered or will suffer the Involuntary Transfer and (iii) the purchase price per Transferred Unit shall be agreed upon by the Involuntary Transferee and the Company, the Asset Manager and/or the Involuntary Rightholders purchasing a majority of the Transferred Units, as the case may be; *provided*, *however*, that if such parties fail to agree as to such purchase price, the purchase price shall be the Liquidation Value thereof as determined in accordance with **Section 8.2(c)**. For purposes of this Agreement, the term "***Involuntary Transfer***" means any transfer, proceeding or action by or in which a Member shall be deprived or divested of any right, title or interest in or to any of the Units, including, without limitation, (i) any seizure under levy of attachment or execution, (ii) any transfer in connection with Bankruptcy (whether pursuant to the filing of a voluntary or an involuntary petition) or other court proceeding to a debtor in possession, trustee in Bankruptcy or receiver or other officer or agency and (iii) any transfer to a state or to a public officer or agency pursuant to any statute pertaining to escheat or abandoned property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Liquidation Value</u>. If the parties fail to agree upon the purchase price of the Transferred Units in accordance with **Section 8.2(b)**, then the Company, the Asset Manager or the Involuntary Rightholders, as the case may be, shall purchase the Transferred Units at a purchase price equal to the Liquidation Value thereof or such lesser value as the parties determine in good faith. For the avoidance of doubt, such purchase shall not be considered a repurchase pursuant to **Article 3** or otherwise subject the determination of the Liquidation Value of the Transferred Units to review by an objecting Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Closing</u>. The closing of any purchase under **Section 8.2(b)** through **(e)** shall be held at the executive offices of the Company at 11:00 a.m., local time, on the earlier to occur of (i) the fifth Business Day after the purchase price per Transferred Unit shall have been agreed upon by the Involuntary Transferee and the Company, the Asset Manager or the purchasing Involuntary Rightholders, as the case may be, in accordance with **Section 8.2(b)**, or (ii) the fifth Business Day after the determination of the Liquidation Value or other purchase price of the Transferred Units in accordance with **Section 8.2(c)**, or at such other time and place as the parties to the transaction may agree. At such closing, the Involuntary Transferee shall deliver certificates (if any) representing the Transferred Units being purchased under **Sections 8.2(b)** through **(e)**, duly endorsed for transfer and accompanied by all requisite transfer taxes, if any, and such Transferred Units shall be free and clear of any Liens (other than those arising hereunder and those attributable to actions by the purchasers thereof) and the Involuntary Transferee shall so represent and warrant, and shall further represent and warrant that it is the sole beneficial and record owner of such Transferred Units. The Company, the Asset Manager or each Involuntary Rightholder, as the case may be, purchasing such Transferred Units shall deliver at the closing payment in full in immediately available funds for the Transferred Units purchased by it or him. At such closing, all parties to the transaction shall execute such additional documents as are otherwise necessary or appropriate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) If the provisions of **Section 8.2(b)** through **(e)** shall be held to be unenforceable with respect to any particular Involuntary Transfer, the Company, the Asset Manager and the Involuntary Rightholders shall have the rights specified in **Sections 8.2(a)(ii)**, **(iii)** and **(iv)**, respectively, with respect to any transfer by an Involuntary Transferee of such Transferred Units, and each Involuntary Rightholder agrees that any Involuntary Transfer shall be subject to such rights, in which case the Involuntary Transferee shall be deemed to be the Seller for purposes of **Section 8.2(a)** and shall be bound by the provisions of **Section 8.2(a)** and other related provisions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Applicability of Drag-Along Right</u>. Notwithstanding anything in this **Section 8.2** to the contrary, for the avoidance of doubt, during the pendency of a Transfer by any Seller pursuant to this **Section 8.2**, the Units subject to such Transfer shall remain fully subject to an Approved Sale subject to a Drag-Along Notice pursuant to **Section 8.3**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Company Veto of Transfers</u>. Notwithstanding anything to the contrary in the foregoing, the Company shall at all times have the right to prevent any Transfer other than a Permitted Transfer if the Company determines in good faith that such Transfer could have a material detrimental effect on the Company. A material detrimental effect may include, but is not limited to, any Transfer that could reasonably be expected to lead to similar Transfer requests, potentially giving rise to secondary trading or a secondary market for the Company's securities, which could undermine the Company's intended ownership structure, compete with any primary offering of the Company's securities, or conflict with the Company's strategic objectives.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.3 Drag-Along Right.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Obligations of Certain Members</u>. In the event that approval of the Dragging Members is obtained with respect to any transaction or series of related transactions pursuant to which a Transfer of Units would result in a Transfer of 80% or more of the Common Interests (an "***Approved Sale***"), then the Dragging Members shall be permitted to cause the provisions of this **Section 8.3** to apply to such Approved Sale by delivering a written notice (a "***Drag-Along Notice***") to all Members and Persons (regardless of class of Unit) stating that such Approved Sale has been approved by such Dragging Members and shall be subject to this **Section 8.3**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At the closing of the Approved Sale subject to a Drag-Along Notice:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) if the Approved Sale would result in a Transfer (whether by sale, merger or otherwise) of all of the Units of the Company, the Units of each Member or Person shall be sold, Transferred and delivered to the party acquiring Units in the Approved Sale, and in exchange for such sale, each Member or Person shall be entitled to receive that portion of the aggregate net proceeds available to the holders of Units (after making the payment of transaction costs and the other items described in **Section 9.2(a)** and **Section 9.2(b)**) in the order of priority set forth in **Section 4.2**; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if the Approved Sale would result in a Transfer (whether by sale, merger or otherwise) of less than all of the Units of the Company, then the percentage of Units sold shall be the same for each class of Units then outstanding, and each holder of Units shall sell such number of Units of each class, equal to the total number of Units of such class to be sold in such transaction multiplied by a fraction, the numerator of which is the total number of Units of such class held by such Member or Person and the denominator of which is the total number of Units of such class outstanding (except in the case where the acquiring party is only acquiring particular series of Units, in which case the foregoing formula shall only apply to such series). The Units of each respective Member or Person required to be sold pursuant to this **Section 8.3(b)(ii)** shall be sold, Transferred and delivered to the party acquiring Units in the Approved Sale, and as consideration for such sale, the party acquiring Units shall pay the same price per Unit for all Units sold; *provided* that the proceeds received by each Member or Person for each Unit shall be adjusted as necessary to account for the economic differences among the Units being sold, including any hurdle amounts or preferences or other similar terms applicable to such Units. The purchaser in any Approved Sale pursuant to this clause (ii) shall pay to the Company at the closing of such Approved Sale an amount equal to the aggregate consideration that would have been payable to the holders of Units but for any adjustment pursuant to the proviso in the immediately preceding sentence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.4 Actions to Implement Sale.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In connection with any Approved Sale, each participating Person shall (i) take any action as may be reasonably requested by the Board of Managers or the Dragging Members in connection with consummating the transaction, (ii) vote in favor of, consent to and raise no objections against the transaction or the process pursuant to which the transaction was arranged, (iii) waive any dissenter's, appraisal and other similar rights, (iv) if the transaction is structured as a sale of Units, sell such Person's Units on the terms and conditions of the transaction, and (v) execute and deliver such documents as may be reasonably requested by the Board of Managers or the Dragging Members in connection with the transaction, including, without limitation, written consents of Members, proxies, letters of transmittal, purchase agreements and limited liability company interest powers. If the Board of Managers or the Dragging Members agree to escrow any amounts of proceeds resulting from a transaction or to accept Indebtedness or other securities, or is subject to indemnification or other rights of offset, then each such Member (as applicable) shall be required to accept the same terms. In addition and notwithstanding anything to the contrary set forth in **Section 8.3**, if such acceptance of Indebtedness or other securities by any such Person may, in the reasonable judgment of the Board of Managers or the Dragging Members, constitute a violation of any applicable securities law or impede the consummation of an Approved Sale based on the terms and conditions offered by the purchaser in such Approved Sale, then the Board of Managers may require the Persons participating in the Approved Sale to receive, in lieu of such Indebtedness or other securities, the Fair Market Value thereof in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each Person (as applicable) is only required to comply with **Section 8.4(a)** if: (i) the Dragging Members have also executed the documents to be executed by such Person on no more favorable a basis than the other Persons, (ii) the Dragging Members bear their proportionate share of any escrows, holdbacks or adjustments in purchase price and make such representations, warranties and covenants as are customary; and (iii) any indemnification obligations for breaches of representations, warranties and covenants made by the Company or the Person that are not to be satisfied out of any escrow amounts shall be several only and shall be pro rata among the Person based on the aggregate consideration received with respect to the Units sold and shall be further limited so that the indemnification obligation for any Person will not exceed the net proceeds received by the Person in such transaction (except for customary exceptions relating to representations and warranties relating to title, due authorization and other customary warranties).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Person hereby, and on behalf of its Affiliates, successors and assigns, irrevocably appoints the Company as its true and lawful agent and attorney-in-fact, with full power of substitution and resubstitution, in its name or otherwise, to take such actions and execute and deliver any and all documents or instruments as may be required in connection with the sale of such Person's Units as set forth in **Section 8.3**. Each Person hereby further grants to the Company a proxy, with full power of substitution and resubstitution, to vote any Units now or hereafter held by such Person in connection with any approval that may be required to effect the transactions contemplated by **Section 8.3**. Each Person hereby acknowledges that the powers of attorney and proxy granted by this **Section 8.4** are coupled with an interest, are irrevocable by such Person, and shall survive for as long as any Units remain issued and outstanding.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If the Company retains legal counsel or other professional advisors in connection with any Drag-Along Sale, all Persons participating in such transaction shall bear their pro rata share of the fees and expenses so incurred to the extent such costs are not otherwise paid by the Company or the acquiring Person whether or not such transaction closes. Costs incurred by any Person on its own behalf will not be considered costs of the transaction and will be paid solely by that Person unless otherwise agreed by the Company in a specific instance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.5 Piggyback Registration.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the event that the Company proposes to sell or issue Common Interests in a broadly marketed offering requiring compliance with the public offering registration requirements of the U.S. securities laws, and such offering is not for the purpose of funding a single project or series of related projects, whether or not for sale for its own account, it shall give prompt written notice to each Member owning Common Interests of its intention to do so and of the rights of such Members under this **Section 8.5** at least ten (10) calendar days prior to soliciting investments from third parties in such offering. Subject to the terms and conditions hereof, such notice shall offer each such Members the opportunity to include in such offering such number of Units as such Holder may request. Upon the written request of any such Holder made within five (5) calendar days after the receipt of the Company's notice (which request shall specify the number of Units intended to be disposed of), the Company shall use its reasonable best efforts to include such Units in the offering to the extent required to permit the disposition of the Units so requested to be sold.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, at any time after giving a written notice of its intention to sell any Units pursuant to **Section 8.5(a)** the Company shall determine for any reason not to pursue such offering, the Company shall give written notice of such determination to such Members and thereupon the Company shall be relieved of its obligation to pursue the offering of the Units of such Members, without prejudice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding anything to the contrary in the foregoing, if the Board of Managers in its good faith judgment determines that the amount of Units requested to be included in the offering by the eligible Members exceeds the amount of Units that can be sold without adversely affecting the price, timing, distribution, purpose or sale of Units in the offering (the "***Maximum Amount***"), the Company shall be required to include in such offering only such number of Units as is equal to the Maximum Amount and the Company and the requesting Members in the offering shall participate in such offering in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) First, the Company shall be entitled to include in such offering the amount of Units that the Company proposes to offer and sell for its own account in such offering and that does not exceed the Maximum Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Second, the Company shall be obligated and required to include in such offering that amount of Units that the Members shall have requested to be included in such offering to the full extent of the remaining portion of the Maximum Amount, *provided*, that if the amount of the Units of the requesting Members exceeds such remaining portion of the Maximum Amount, the Units to be included shall be allocated among all requesting Members requesting to be included in such offering in proportion, as nearly as practicable, to their respective Percentage Interests on the date of the Company's notice pursuant to **Section 8.5(a)**. If any requesting Member would thus be entitled to include more Units than such Member requested to be registered, the excess shall be allocated among other Members pro rata in the manner described in the preceding sentence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Third, the Company shall be entitled to include in such offering that number of Units (regardless of class) that the Company proposes to offer and sell for the account of any other Person, pursuant to piggyback rights or otherwise, to the full extent of the remaining portion of the Maximum Amount.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) In connection with any sale request pursuant to this **Section 8.5**, the requesting Members shall furnish to the Company such information regarding themselves and the Units held by them as the Company shall reasonably request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Company shall pay all expenses with respect to an offering effected pursuant to this **Section 8.5**; *provided, however*, that all fees and expenses of a requesting Member's own counsel in connection with such offering and any individual obligation of any requesting Member shall be borne by such Member and not the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) It is the intent of the Members that the Company explore opportunities to create orderly liquidity options for those Members wishing to reduce their interest in the Company. However, for the avoidance of doubt, if the Board of Managers determines in good faith that the Maximum Amount will not exceed the amount of Units that the Company proposes to offer and sell for its own account in such offering, the Company is not required to include any Units for any Members in the offering.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.6 Tag-Along Rights.**

No Member or group of Members acting collectively (the "Selling Members") may Transfer any Common Interests (or equivalents) to any unaffiliated Person or group of Persons acting collectively which would result in such Person or group owning fifty percent (50%) or more of the Common Interests of the Company unless each of the other Members holding Common Interests is offered a pro rata right (with respect to any Common Interests owned by each of them individually at the time of such sale, on a fully-diluted basis) to participate in any such sale for a purchase price per Common Interest and on other terms and conditions not less favorable to such other Members than those applicable to the Selling Members (including executing and delivering purchase agreements and other documents being executed and delivered by the Selling Members).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.7 General Transfer Provisions.** Transfers that are permitted under **Sections 8.1, 8.2**, **8.3**, **8.5** or **8.6** are still subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Board may, among other things, require (i) representations and warranties concerning the facts and circumstances establishing the basis for the availability of exemptions under applicable securities laws, and other reasonable assurances relating to any other applicable laws from the transferee or the transferring Member or Person or (ii) registration of the Units under applicable securities laws or an opinion of counsel, in form and substance satisfactory to the Board, that the Transfer is exempt from registration under the Securities Act and/or applicable state securities laws.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The transferee will, for the express benefit of the Company and each other Member, agree to be bound by all of the terms of this Agreement and make such representations and warranties as the Board reasonably requests.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Board determines that a proposed Transfer would, alone or in conjunction materially harm the Company, the proposed Transfer can be delayed until the earliest time, as determined by the Board that the Transfer may occur without causing such material harm to the Company. If at any time more than one Transfer is being delayed under this **Section 8.7**, the Transfers are to be made in the order in which the Board received notice of the proposed Transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.8 Unauthorized Transfers Void.** Any Transfer not made in compliance with this **Article 8** is void and of no effect. Any involuntary Transfer by operation of law will entitle the transferee to the economic interest represented by the Units that were the subject of the Transfer, but the transferee will not be a Member nor will it have any rights under this Agreement or any other agreement governing the Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8.9 Termination of Rights**. Upon the closing of the Initial Public Offering with respect to the particular class of Units, the Persons holding such Units shall no longer be subject to **Article 8**, which shall terminate and have no further force or effect.

**ARTICLE 9 GENERAL PROVISIONS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.1 No Dissolution.** No event that would cause a dissolution under the Act will cause a dissolution of the Company to the extent permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.2 Distributions on Liquidation.** The Company may be dissolved, wound up and liquidated at the election of the Board in connection with a sale of all or substantially all of the assets of the Company, or a restructuring pursuant to **Section 9.15**. If an election is made to dissolve, wind-up and liquidate the Company, the Board of Managers shall proceed to wind up the affairs of and liquidate the Company and the Liquidation Proceeds shall be applied and distributed in the following order of priority:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) First, to the payment of debts and liabilities of the Company in the order of priority as provided by law (including any loans or advances that may have been made by any of the Members or their Affiliates to the Company) and the expenses of liquidation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Second, to the establishment of any reserve that the Board of Managers may deem reasonably necessary for any contingent, conditional or unasserted claims or obligations of the Company. Such reserve may be paid over by the Board of Managers to an escrow agent to be held for disbursement in payment of any of the aforementioned liabilities and, at the expiration of such period as shall be deemed advisable by the Board of Managers, for distribution of the balance in the manner provided in this **Article 9**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Third, to the holders of Units in accordance with **Section 4.2** and subject to any Investor Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.3 Amendments.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The terms of any Unit, or this Agreement, may be amended, prospectively or retroactively; *provided*, that except as otherwise expressly provided herein, no such amendment shall impair the rights of any class or series of outstanding Units without the prior written consent of the holders of a majority of the Units of such class or series entitled to vote thereon except to the extent such rights have previously been waived or the ability to agree thereto has transferred by power of attorney.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For the avoidance of doubt, the creation or issuance of additional Units of the same or any other class or series (including any amendments to this Agreement that may be required to establish the rights and preferences of, and restrictions applicable to, any such other class or series of such additional Units) shall not of itself constitute a variation or impairment of the rights of any Member or any class or series of outstanding Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any amendment of this Agreement other than for administrative purposes shall require the approval of at least a majority of the Common Interests entitled to vote thereon, which consent may be represented by their signature hereto. Notwithstanding anything to the contrary in the foregoing, none of the rights of the Asset Manager or the Legacy Managers shall be subject to amendment hereunder nor may be detrimentally affected by any amendment hereto absent unanimous written consent of the Legacy Managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.4 Non-Competition.** Each Member who is also either a Manager or Officer agrees that, upon ceasing to be a Member, Manager or Officer, then to the extent the Company deems appropriate, it will enter into a non-competition agreement and any other agreements related thereto that will prevent the Member from competing with the Company or the Asset Manager for a period of three years following the date thereof upon the terms included therein. Any failure to enter into any such agreement within a reasonable time but in no case more than thirty (30) calendar days or any action taken that is inconsistent with this provision or any non-competition agreement shall serve as consent by the Member that it not be entitled to any rights or benefits of its Units following the taking of such actions and to the transfer to the Company of all such Units for no compensation in compliance with **Section 7.4** hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.5 Further Assurances.** Each Member is to execute all documents and instruments reasonably necessary to evidence approval of all actions, including, without limitation, amendments to this Agreement, taken or authorized as provided in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.6 Notices.** All notices to the Company are to be sent by registered or certified mail, return receipt requested, or by recognized overnight courier or facsimile or electronic mail addressed to the Chairman of the Company at the Company's principal place of business. All notices to a Member are to be sent addressed to such Member's address (or electronic mail) as may be specified by the Member from time to time in a written notice to the Company. All notices are effective the next day, if sent by recognized overnight courier or facsimile, or five (5) days after deposit in the mail, postage prepaid, properly addressed and return receipt requested, or when sent if sent by electronic mail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.7 Waiver.** Each of the Members hereby irrevocably waives any and all rights, duties, obligations, and benefits with respect to any action for partition of the Company or its property or to compel any sale or appraisal thereof or any deceased Member's Interest therein. Further, all rights, duties, benefits, and obligations including inventory and appraisal of the Company's assets or sale of a deceased Member's Interest therein, provided in the laws of the State of Delaware, or the operation of any other rule or law of any other jurisdiction to compel any sale or appraisal of the Company or its assets or sale or appraisal of a deceased Member's Interest therein, are hereby waived and dispensed with. The Units of a deceased Member are subject to the provisions of this Agreement and any other agreement governing the terms thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.8 Whole Agreement.** This Agreement, together with its Appendices and any other agreements referenced herein, contains the entire understanding between the parties and supersedes any prior understanding and agreements between them respecting the within subject matter. There are no agreements, arrangements, or understandings, oral or written, between and among the Members relating to the subject matter of this Agreement that are not set forth or referred to herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.9 Governing Law.** This Agreement is governed and is to be construed in accordance with the laws of the State of Delaware without giving effect to its rules concerning conflicts of laws. Each party agrees that any suit, action or proceeding against any party hereto arising out of or relating to this Agreement or any transaction contemplated hereby shall only be brought in the appropriate court located in the State of Delaware, and each party hereby submits to the exclusive jurisdiction of such courts for the purpose of any such suit, action or proceeding, and waives any objection related thereto. Each party further agrees that service of any process, summons, notice or document to such party's respective address in the records of the Company shall be effective service of process for any action, suit or proceeding with respect to any matters in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.10 Binding Nature.** Except as otherwise provided in this Agreement, this Agreement is binding upon and inures to the benefit of the Members and their successors, personal representatives, heirs, devisees, guardians, and assigns. As a condition to receiving the beneficial rights contained herein and in any Services or Investor Agreement with respect to any and all Interests of the Company, all such Members shall complete all necessary documentation and obligations required under the laws of the State of Delaware for confirming their status as a Member of the Company within 10 calendar days of notice by the Company to such Person of such requirement and shall otherwise comply with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.11 Invalidity.** In the event that any provision of this Agreement is invalid, the validity of the remaining provisions of the Agreement are not in any way to be affected.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.12 Counterparts.** This Agreement and any amendment thereto or joinder agreement to this Agreement may be executed in multiple counterparts, each of which shall be deemed an original and all of which together shall constitute one agreement or amendment, as the case may be, notwithstanding that all of the parties are not signatories to the original or the same counterpart, or that signature pages from different counterparts are combined, and the signature of any party to any counterpart is a signature to and may be appended to any other counterpart. Any signature pages of this Agreement transmitted by telecopier or by electronic mail in portable document format will have the same legal effect as an original executed signature page.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.13 Construction.** The headings contained in this Agreement are for reference purposes only and do not affect the meaning or interpretation of this Agreement. All personal pronouns used in this Agreement, whether used in the masculine, feminine, or neuter gender, include all other genders; the singular includes the plural and vice versa. Unless otherwise specifically stated, references to Sections, Articles or Appendices refer to the Sections, Articles or Appendices of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.14 Third-Party Beneficiaries.** Except (i) with respect to **Section 6.15**, the Persons receiving indemnification pursuant to such Section, and (ii) with respect to **Section 9.15**, as expressly provided therein, no Person, other than the Members, has any rights under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.15 Restructuring.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Each of the Members hereby agrees that it will, at the expense of the Company, take such action and execute such documents as deemed appropriate and reasonably necessary by the Board to restructure the Company (whether to effectuate an Initial Public Offering or for any other reason), so long as (a) such restructuring is arranged in a manner that is intended to avoid recognition of gain or loss for income tax purposes and (b) the Members shall use reasonable best efforts to permit a direct or indirect contribution of Units or any other Interest in the Company into a newly formed corporation or partnership ("***Newco***") so that no so-called "blocker corporation" is required to own Newco shares. In such event, each Member or transferor of stock or membership or partnership interests of such Member shall be entitled to receive upon such restructuring transaction, for each Unit held by such Member immediately prior to such restructuring transaction, a direct or indirect interest in securities of Newco of the same class ("***Successor Securities***") as shall be issued to all other Members, and in an amount having the same Fair Market Value as such Unit; *provided* that, (w) the relative rights of the Members with respect to the governance matters set forth in **Article 6** hereof, to the extent applicable after the Initial Public Offering, shall be substantially the same as the relative rights of such Members pursuant to **Article 6** hereof, and (x) the shareholders of such successor or transferee corporation (as applicable) shall enter into a shareholders' agreement containing substantially the same terms and conditions as this Agreement and a customary registration rights agreement. Such registration rights agreement shall provide, among other things, that following the Initial Public Offering, each Member shall be entitled to two demand rights (except that holders participating in offerings conducted pursuant to Regulation Crowdfunding, Regulation A or Regulation D of the Securities Act or similar broadly distributed retail offerings shall not be entitled to demand registration rights) and unlimited piggyback rights in connection with the registration of securities of the same class as are held by the piggybacking Member and unlimited S-3 (or similar shelf registration) rights (except that holders participating in offerings conducted pursuant to Regulation Crowdfunding, Regulation A or Regulation D of the Securities Act or similar broadly distributed retail offerings shall not be entitled to S-3 rights), in each case, subject to (A) customary blackout provisions, (B) in connection with an underwritten offering, customary cutback provisions (*provided*, *however*, that, except with respect to agreements and arrangements in effect on the date hereof or entered into with the approval of the Board, in the event of a cutback, the securities included in such offering (other than those sold on behalf of the issuer in a registration initiated by the issuer) shall consist of first, such securities held by the Members, *pro rata*, and then securities held by other Persons), and (C) other customary terms and conditions. In addition, none of the Company, Newco or any successor entity thereto shall enter into any agreement with respect to securities inconsistent with the registration rights contemplated in this **Section 9.15** or grant to any Person registration rights that cause securities of it held by such Person to be registered prior to the registration of the securities subject to the registration rights contemplated by this **Section 9.15**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board may (but shall not be required to) effect a special distribution in the amount of any Taxes that may be payable by the Members in connection with the transactions contemplated by this **Section 9.15** (*provided* that any such distribution, if made, shall be made to each of the Members based on the same percentage as applies to all other Members of the taxable gain (or other income) attributable to such Member).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9.16 Market Stand-Off**. In connection with any underwritten public offering of the Company's equity securities, including an Initial Public Offering, each holder of Units agrees, upon request of the Company or the managing underwriter(s) (or their equivalent), not to, directly or indirectly, offer, sell, contract to sell, pledge, hedge, transfer, or otherwise dispose of any Units or securities convertible into or exchangeable for Units held by such holder for a period commencing on the effective date of the applicable registration statement and continuing for up to one hundred eighty (180) days thereafter (or such shorter period as may be requested by the managing underwriter(s)), except as otherwise consented to in writing by the Company and the managing underwriter(s). The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions.

[Signature page follows]

IN WITNESS WHEREOF, the undersigned have duly executed this Agreement as of the date first above written.

---

| | |
|:---|:---|
| **LEGACY MANAGEMENT AMERICAS CORP.** | **LEGACY MANAGEMENT AMERICAS CORP.** |
| **for holders of common interests, by power of attorney** | **for holders of common interests, by power of attorney** |
| **By:** | **/s/ Cole shephard** |
| **Cole shephard** | **Cole shephard** |
| **President** | **President** |
| **LEGACY MANAGEMENT AMERICAS CORP.** | **LEGACY MANAGEMENT AMERICAS CORP.** |
| **as a holder of common interests** | **as a holder of common interests** |
| **By:** | **/s/ Cole shephard** |
| **Cole shephard** | **Cole shephard** |
| **President** | **President** |

---

**[SIGNATURE PAGE TO LIMITED LIABILITY COMPANY AGREEMENT]**

**Joinder to Second Amended and Restated Limited Liability Company Agreement**

By signature hereto, I hereby consent to the terms set forth in the Second Amended and Restated Limited Liability Company Agreement of the Company and any amendment, modification or revision thereto effected in accordance with the provisions thereof.

---

| |
|:---|
| By: |
| Name: |
| Title: |
| Date: |

---

*By power of attorney*

## Ex1A-4

**Exhibit 4.1**

**SUBSCRIPTION AGREEMENT**

**THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK.** THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.

**THE SECURITIES OFFERED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR ANY STATE SECURITIES OR BLUE SKY LAWS AND ARE BEING OFFERED AND SOLD IN RELIANCE ON EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT AND STATE SECURITIES OR BLUE SKY LAWS.** ALTHOUGH AN OFFERING STATEMENT HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION (THE "SEC"), THAT OFFERING STATEMENT DOES NOT INCLUDE THE SAME INFORMATION THAT WOULD BE INCLUDED IN A REGISTRATION STATEMENT UNDER THE ACT. THE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC, ANY STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON THE MERITS OF THIS OFFERING OR THE ADEQUACY OR ACCURACY OF THE SUBSCRIPTION AGREEMENT OR ANY OTHER MATERIALS OR INFORMATION MADE AVAILABLE TO SUBSCRIBER IN CONNECTION WITH THIS OFFERING OVER THE WEB-BASED PLATFORM MAINTAINED THROUGH DEALMAKER SECURITIES LLC (THE "BROKER"). ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

**INVESTORS WHO ARE NOT "ACCREDITED INVESTORS" (AS THAT TERM IS DEFINED IN SECTION 501 OF REGULATION D PROMULGATED UNDER THE ACT) ARE SUBJECT TO LIMITATIONS ON THE AMOUNT THEY MAY INVEST, AS SET OUT IN SECTION 4.** THE COMPANY IS RELYING ON THE REPRESENTATIONS AND WARRANTIES SET FORTH BY EACH SUBSCRIBER IN THIS SUBSCRIPTION AGREEMENT AND THE OTHER INFORMATION PROVIDED BY SUBSCRIBER IN CONNECTION WITH THIS OFFERING TO DETERMINE THE APPLICABILITY TO THIS OFFERING OF EXEMPTIONS FROM THE REGISTRATION REQUIREMENTS OF THE ACT.

**THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.** THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY'S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS "ESTIMATE," "PROJECT," "BELIEVE," "ANTICIPATE," "INTEND," "EXPECT" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT'S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY'S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

**THE COMPANY MAY NOT BE OFFERING THE SECURITIES IN EVERY STATE.** THE OFFERING MATERIALS DO NOT CONSTITUTE AN OFFER OR SOLICITATION IN ANY STATE OR JURISDICTION IN WHICH THE SECURITIES ARE NOT BEING OFFERED.

**THE COMPANY RESERVES THE RIGHT IN ITS SOLE DISCRETION AND FOR ANY REASON WHATSOEVER TO MODIFY, AMEND AND/OR WITHDRAW ALL OR A PORTION OF THE OFFERING AND/OR ACCEPT OR REJECT IN WHOLE OR IN PART ANY PROSPECTIVE INVESTMENT IN THE SECURITIES OR TO ALLOT TO ANY PROSPECTIVE INVESTOR LESS THAN THE AMOUNT OF SECURITIES SUCH INVESTOR DESIRES TO PURCHASE.** EXCEPT AS OTHERWISE INDICATED, THE OFFERING MATERIALS SPEAK AS OF THEIR DATE. NEITHER THE DELIVERY NOR THE PURCHASE OF THE SECURITIES SHALL, UNDER ANY CIRCUMSTANCES, CREATE ANY IMPLICATION THAT THERE HAS BEEN NO CHANGE IN THE AFFAIRS OF THE COMPANY SINCE THAT DATE.

TO: Green Coffee Company Holdings, LLC <br> 1301 W. 22nd Street, Suite 310 <br> Oak Brook, IL 60523

Ladies and Gentlemen:

<u>1. Subscription</u>.

(a) The undersigned ("Subscriber") hereby subscribes for and agrees to purchase Class B Common Interests (the "Securities"), of Green Coffee Company Holdings, LLC, a Delaware limited liability company (the "Company"), at a purchase price of $1.10 per Class B Common Interest (the "Per Security Price"), upon the terms and conditions set forth herein. The minimum subscription is $1,001. The rights of the Class B Common Interests are as set forth in the Company's Second Amended and Restated Limited Liability Company Agreement dated as of May 15, 2026 (the "Operating Agreement") filed as an exhibit to the Offering Statement of the Company filed with the SEC (the "Offering Statement") and as provided herein. In the case of any conflict between this Subscription Agreement and the Operating Agreement, this Subscription Agreement shall control.

(b) Subscriber understands that the Securities are being offered pursuant to an offering circular (the "Offering Circular") filed with the SEC as part of the Offering Statement (SEC File No. 024-XXXXX), as may be amended from time to time. By executing this Subscription Agreement as provided herein, Subscriber acknowledges that Subscriber has received access to this Subscription Agreement, copies of the Offering Circular and Offering Statement including exhibits thereto and any other information required by the Subscriber to make an investment decision. It is a condition of the Company's acceptance of this subscription that Subscriber becomes a party to the Operating Agreement.

(c) By subscribing to the Offering and executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person or persons for whom Investor is so purchasing) hereby joins as a party that is designated (a) as a "Member" under the Operating Agreement. Any notice required or permitted to be given to the Subscriber under the Operating Agreement shall be given to Subscriber at the address provided with the Subscriber's subscription.

(d) The Subscriber's subscription may be accepted or rejected in whole or in part, at any time prior to a Closing Date (as hereinafter defined), by the Company at its sole discretion. Upon the expiration of the period specified in Subscriber's state for notice filings before sales may be made in such state, if any, the subscription may no longer be revoked at the option of the Subscriber. In addition, the Company, at its sole discretion, may allocate to Subscriber only a portion of the number of Securities Subscriber has subscribed for. The Company will notify Subscriber whether this subscription is accepted (whether in whole or in part) or rejected. If Subscriber's subscription is rejected, Subscriber's payment (or portion thereof if partially rejected) will be returned to Subscriber without interest and all of Subscriber's obligations hereunder shall terminate.

(e) The aggregate number of Securities sold shall not exceed 66,249,538 Class B Common Interests (the "Maximum Offering"), including Bonus Interests (as such term is defined in the Offering Circular). The Company may accept subscriptions until the termination of the Offering in accordance with its terms (the "Termination Date"). The Company may elect at any time to close all or any portion of this offering for such subscriptions submitted prior to the Termination Date on various dates (each a "Closing Date").

(f) Subscriber understands that a processing fee of 3.5% of the value of the Securities will be assessed on the subscription (the "Transaction Fee"). The Transaction Fee shall count towards the per investor limit set out in Section 4(d) below.

(g) In the event of rejection of this subscription in its entirety, or in the event the sale of the Securities (or any portion thereof) is not consummated for any reason, this Subscription Agreement shall have no force or effect, except for Section 5 hereof, which shall remain in force and effect.

(h) Subscriber acknowledges that Subscriber has been informed of the compensation that the Company's Asset Manager (as defined in the Operating Agreement) may receive in connection with this Offering as set forth below. The Company shall issue to the Asset Manager Class B Common Interests such that the Asset Manager can hold a nondilutable equity position in the Company equal to 11.5% of all Class B Common Interests to be issued in this offering as "Founders Shares" for founding the Company and its business and for substantial additional contributions to the Company, such position to be maintained through and after conclusion of this offering.

<u>2. Purchase Procedure</u>.

(a) <u>Payment.</u> The purchase price for the Securities shall be paid simultaneously with the execution and delivery to the Company of the signature page of this Subscription Agreement. Subscriber shall deliver a signed copy of this Subscription Agreement, along with payment for the aggregate purchase price of the Securities by ACH electronic transfer, wire transfer or credit card to an account designated by the Company, or by any combination of such methods.

(b) <u>Escrow arrangements.</u> The Company will not utilize a third-party escrow account for this offering, and all funds tendered by investors will be held in a segregated account until investor subscriptions are accepted by the Company and reviewed by the Broker. Once investor subscriptions are accepted by the Company and reviewed by the Broker, funds will be deposited into an account controlled by the Company. The undersigned shall receive notice and evidence of the digital entry of the number of the Securities owned by the undersigned reflected on the books and records of the Company and verified by Dealmaker Transfer Agent LLC (the "Transfer Agent"), which books and records shall bear a notation that the Securities were sold in reliance upon Regulation A.

<u>3. Representations and Warranties of the Company</u>.

The Company represents and warrants to Subscriber that the following representations and warranties are true and complete in all material respects as of the date of each Closing Date, except as otherwise indicated. For purposes of this Agreement, an individual shall be deemed to have "knowledge" of a particular fact or other matter if such individual is actually aware of such fact. The Company will be deemed to have "knowledge" of a particular fact or other matter if one of the Company's current officers has, or at any time had, actual knowledge of such fact or other matter.

(a) <u>Organization and Standing.</u> The Company is a limited liability company duly formed, validly existing and in good standing under the laws of the State of Delaware. The Company has all requisite power and authority to own and operate its properties and assets, to execute and deliver this Subscription Agreement, the Operating Agreement and any other agreements or instruments required hereunder. The Company is duly qualified and is authorized to do business and is in good standing as a foreign corporation in all jurisdictions in which the nature of its activities and of its properties (both owned and leased) makes such qualification necessary, except for those jurisdictions in which failure to do so would not have a material adverse effect on the Company or its business.

(b) <u>Issuance of the Securities</u>. The issuance, sale and delivery of the Securities in accordance with this Subscription Agreement has been duly authorized by all necessary corporate action on the part of the Company. The Securities, when so issued, sold and delivered against payment therefor in accordance with the provisions of this Subscription Agreement, will be duly and validly issued, fully paid and holders of the Securities will have no obligation to make payments or contributions to the Company or its creditors solely by reason of their ownership of the Securities.

(c) <u>Authority for Agreement</u>. All limited liability company action on the part of the Company necessary for the authorization of this Subscription Agreement, the performance of all obligations of the Company hereunder at a Closing and the authorization, sale, issuance and delivery of the Securities pursuant hereto has been taken or will be taken prior to the applicable Closing Date.

The execution and delivery by the Company of this Subscription Agreement and the consummation of the transactions contemplated hereby (including the issuance, sale and delivery of the Securities) are within the Company's powers and have been duly authorized by all necessary corporate action on the part of the Company. Upon full execution hereof as provided herein, this Subscription Agreement shall constitute a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors' rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies and (iii) with respect to provisions relating to indemnification and contribution, as limited by considerations of public policy and by federal or state securities laws.

(d) <u>No filings.</u> Assuming the accuracy of the Subscriber's representations and warranties set forth in Section 4 hereof, no order, license, consent, authorization or approval of, or exemption by, or action by or in respect of, or notice to, or filing or registration with, any governmental body, agency or official is required by or with respect to the Company in connection with the execution, delivery and performance by the Company of this Subscription Agreement except (i) for such filings as may be required under Regulation A or under any applicable state securities laws, (ii) for such other filings and approvals as have been made or obtained, or (iii) where the failure to obtain any such order, license, consent, authorization, approval or exemption or give any such notice or make any filing or registration would not have a material adverse effect on the ability of the Company to perform its obligations hereunder.

(e) <u>Capitalization</u>. The authorized and outstanding securities of the Company immediately prior to the initial investment in the Securities is as set forth "Securities Being Offered" in the Offering Circular. Except as set forth in the Offering Circular, there are no outstanding options, warrants, rights (including conversion or preemptive rights and rights of first refusal), or agreements of any kind (oral or written) for the purchase or acquisition from the Company of any of its securities.

(f) <u>Financial statements.</u> Complete copies of the Company's financial statements meeting the requirements of Form 1-A under the Securities Act (the "Financial Statements") have been made available to the Subscriber and appear in the Offering Circular. The Financial Statements are based on the books and records of the Company and fairly present in all material respects the financial condition of the Company as of the respective dates they were prepared and the results of the operations and cash flows of the Company for the periods indicated. The auditing firm, or each firm, which has audited the Financial Statements, is an independent accounting firm within the rules and regulations adopted by the SEC.

(g) <u>Proceeds</u>. The Company shall use the proceeds from the issuance and sale of the Securities as set forth in "Use of Proceeds" in the Offering Circular.

(h) <u>Litigation</u>. Except as set forth in the Offering Circular, there is no pending action, suit, proceeding, arbitration, mediation, complaint, claim, charge or investigation before any court, arbitrator, mediator or governmental body, or to the Company's knowledge, currently threatened in writing (a) against the Company or (b) to the Company's knowledge, against any consultant, officer, manager, director or key employee of the Company arising out of his or her consulting, employment or board relationship with the Company or that could otherwise materially impact the Company.

<u>4. Representations and Warranties of Subscriber</u>. By executing this Subscription Agreement, Subscriber (and, if Subscriber is purchasing the Securities subscribed for hereby in a fiduciary capacity, the person or persons for whom Subscriber is so purchasing) represents and warrants, which representations and warranties are true and complete in all material respects as of such Subscriber's respective Closing Date(s):

(a) <u>Requisite Power and Authority</u>. Such Subscriber has all necessary power and authority under all applicable provisions of law to execute and deliver this Subscription Agreement, the Operating Agreement and other agreements required hereunder and to carry out their provisions. All action on Subscriber's part required for the lawful execution and delivery of this Subscription Agreement and other agreements required hereunder have been or will be effectively taken prior to the Closing Date. Upon their execution and delivery, this Subscription Agreement and other agreements required hereunder will be valid and binding obligations of Subscriber, enforceable in accordance with their terms, except (a) as limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws of general application affecting enforcement of creditors' rights and (b) as limited by general principles of equity that restrict the availability of equitable remedies.

(b) <u>Investment Representations</u>. Subscriber understands that the Securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act"). Subscriber also understands that the Securities are being offered and sold pursuant to an exemption from registration contained in the Securities Act based in part upon Subscriber's representations contained in this Subscription Agreement.

(c) <u>Illiquidity and Continued Economic Risk</u>. Subscriber acknowledges and agrees that there is no ready public market for the Securities and that there is no guarantee that a market for their resale will ever exist. Subscriber must bear the economic risk of this investment indefinitely and the Company has no obligation to list the Securities on any market or take any steps (including registration under the Securities Act or the Securities Exchange Act of 1934, as amended) with respect to facilitating trading or resale of the Securities. Subscriber acknowledges that Subscriber is able to bear the economic risk of losing Subscriber's entire investment in the Securities. Subscriber also understands that an investment in the Company involves significant risks and has taken full cognizance of and understands all of the risk factors relating to the purchase of Securities.

(d) <u>Accredited Investor Status or Investment Limits</u>. Subscriber represents that either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subscriber is an "accredited investor" within the meaning of Rule 501 of Regulation D under the Securities Act. Subscriber represents and warrants that it meets one or more of the criteria set forth in Appendix A attached hereto; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The purchase price of the Securities (including any fee to be paid by the Subscriber), together with any other amounts previously used to purchase Securities in this offering, does not exceed 10% of the greater of the Subscriber's annual income or net worth.

Subscriber represents that to the extent it has any questions with respect to its status as an accredited investor, or the application of the investment limits, it has sought professional advice.

(e) <u>Shareholder information.</u> Within five days after receipt of a request from the Company, the Subscriber hereby agrees to provide such information with respect to its status as a shareholder (or potential shareholder) and to execute and deliver such documents as may reasonably be necessary to comply with any and all laws and regulations to which the Company is or may become subject. **Subscriber further agrees that in the event it transfers any Securities, it will require the transferee of such Securities to agree to provide such information to the Company as a condition of such transfer.**

(f) <u>Valuation.</u> The Subscriber acknowledges that the price of the Securities was set by the Company on the basis of the Company's internal valuation and no warranties are made as to value. The Subscriber further acknowledges that future offerings of Securities may be made at lower valuations, with the result that the Subscriber's investment will bear a lower valuation.

(g) <u>Domicile</u>. Subscriber maintains Subscriber's domicile (and is not a transient or temporary resident) at the address shown on the signature page.

(h) <u>No Brokerage Fees</u>. There are no claims for brokerage commission, finders' fees or similar compensation in connection with the transactions contemplated by this Subscription Agreement or related documents based on any arrangement or agreement binding upon Subscriber.

(i) <u>Foreign Investors</u>. If Subscriber is not a United States person (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended), Subscriber hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with any invitation to subscribe for the Securities or any use of this Subscription Agreement, including (i) the legal requirements within its jurisdiction for the purchase of the Securities, (ii) any foreign exchange restrictions applicable to such purchase, (iii) any governmental or other consents that may need to be obtained, and (iv) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption, sale, or transfer of the Securities. Subscriber's subscription and payment for and continued beneficial ownership of the Securities will not violate any applicable securities or other laws of the Subscriber's jurisdiction.

5. <u>Survival of Representations and Indemnity</u>. The representations, warranties and covenants made by the Subscriber and rights and agreements set forth in Sections 6 and 7 herein shall survive the Termination Date. The Subscriber agrees to indemnify and hold harmless the Company and its respective officers, directors and affiliates, and each other person, if any, who controls the Company within the meaning of Section 15 of the Securities Act against any and all loss, liability, claim, damage and expense whatsoever (including, but not limited to, any and all reasonable attorneys' fees, including attorneys' fees on appeal) and expenses reasonably incurred in investigating, preparing or defending against any false representation or warranty or breach of failure by the Subscriber to comply with any covenant or agreement made by the Subscriber herein or in any other document furnished by the Subscriber to any of the foregoing in connection with this transaction.

6. <u>Transfer Restrictions.</u>

(a) "Market Stand-Off" Agreement. Subscriber hereby agrees that it will not, without the prior written consent of the managing underwriter or financial advisor to the Company (as applicable), during the period commencing on the date of the final prospectus relating to the registration by the Company of its securities under the Securities Act on a registration statement on Form S-1 or Form S-3, and ending on the date specified by the Company and the managing underwriter (such period not to exceed one hundred eighty (180) days in the case of the initial public offering (the "IPO") or any merger with or into a special purpose acquisition company ("SPAC"), or such other period as may be requested by the Company or an underwriter or financial advisor to accommodate regulatory restrictions on (1) the publication or other distribution of research reports, and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto), or ninety (90) days in the case of any registration other than the IPO, or such other period as may be requested by the Company, its financial advisors or an underwriter to accommodate regulatory restrictions on (1) the publication or other distribution of research reports and (2) analyst recommendations and opinions, including, but not limited to, the restrictions contained in FINRA Rule 2711(f)(4) or NYSE Rule 472(f)(4), or any successor provisions or amendments thereto), (i) lend; offer; pledge; sell; contract to sell; sell any option or contract to purchase; purchase any option or contract to sell; grant any option, right, or warrant to purchase; or otherwise transfer or dispose of, directly or indirectly, any Securities (or other securities, whether such shares or any such securities are then owned by the Subscriber or are thereafter acquired) or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of such securities, whether any such transaction described in clause (i) or (ii) above is to be settled by delivery of Securities, in cash, or otherwise. The foregoing provisions of this Section 6(a) shall not apply to the sale of any securities to an underwriter pursuant to an underwriting agreement, or the transfer of any securities to any trust for the direct or indirect benefit of the Subscriber or the immediate family of the Subscriber, provided that the trustee of the trust agrees to be bound in writing by the restrictions set forth herein, and provided further that any such transfer shall not involve a disposition for value, and shall be applicable to the Subscriber only if all officers and directors are subject to the same restrictions. The financial advisors of the Company or its underwriters in connection with such registration are intended third party beneficiaries of this Section 7(a) and shall have the right, power and authority to enforce the provisions hereof as though they were a party hereto. The Subscriber further agrees to execute such agreements as may be reasonably requested by the underwriters in connection with such registration that are consistent with this Section 6(a) or that are necessary to give further effect thereto. For purposes of this Section 6(a), the term "Company" shall include any wholly owned subsidiary of the Company into which the Company mergers or consolidates. In order to enforce the foregoing covenant, the Company may impose stop transfer instructions with respect to the Subscriber's registrable securities of the Company (and the Company shares or securities of every other person subject to the foregoing restriction) until the end of such period. The Subscriber agrees that a legend reading substantially as follows may be placed on all certificates representing all of such Subscriber's registrable securities of the Company (and the Company shares or securities of every other person subject to the restriction contained in this Section 6(a)):

"THE INTERESTS REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO AN OPERATING AGREEMENT AMONG THE COMPANY AND ITS MEMBERS, A COPY OF WHICH IS ON FILE AT THE PRINCIPAL EXECUTIVE OFFICE OF THE COMPANY. NO TRANSFER, SALE, ASSIGNMENT, GIFT, PLEDGE, ENCUMBRANCE, HYPOTHECATION, OR OTHER DISPOSITION OF THE SECURITY INTERESTS REPRESENTED BY THIS CERTIFICATE MAY BE MADE EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF SUCH OPERATING AGREEMENT. THE INTERESTS REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THE TRANSFER, SALE, ASSIGNMENT, PLEDGE, HYPOTHECATION, OR OTHER DISPOSITION IS LIMITED BY SUCH LAW AND REGULATION."

(b) Right of First Refusal. In the event that a Subscriber (the "Transferring Party") wishes to sell, assign, transfer, or in any way dispose of the Securities acquired under this Subscription Agreement, the Transferring Party shall comply with the applicable terms of the Operating Agreement.

(c) Further Limitations on Disposition. Without in any way limiting the representations and warranties set forth in this Agreement, the Subscriber agrees not to make any disposition of all or any portion of the Securities unless and until (x) the requirements for transfer under the Company's Operating Agreement have been satisfied, and (y) the transferee has agreed in writing for the benefit of the Company to make the representations and warranties set out in Section 4 and the undertaking set out in Section 6(a) and 6(b) of this Agreement.

7. <u>Power of Attorney.</u>

&nbsp;&nbsp;&nbsp;&nbsp;<u>(a)</u> Subscriber, to the maximum extent not prohibited by applicable law, does hereby constitute, appoint and grant to the Asset Manager
full power to act as its true and lawful representative, agent and attorney-in-fact, in its name, place and stead, to make, execute or
sign, acknowledge, swear to, verify, deliver, record, file and/or publish: (i) the Certificate of Formation of the Company and the
Operating Agreement, in either case as in effect on the date hereof and as later supplemented or amended, (ii) any amendment, restatement
or modification to or cancellation of the Certificate of Formation or the Operating Agreement, (iii) any duly enacted amendment,
restatement, waiver or other modification of this Agreement, and all instruments and documents that may be necessary or desirable to effectuate
or reflect an amendment, restatement, waiver or other modification so approved, (iv) all instruments, deeds, agreements, documents
and certificates that may from time to time be necessary or advisable to effectuate, implement and continue the valid and subsisting existence
of the Company, (v) any bills of sale or other appropriate transfer documents necessary or advisable under the Operating Agreement
or to effectuate Transfers, and (vi) such other documents, deeds, agreements or instruments as may be required under applicable law.
Subscriber hereby empowers each attorney-in-fact acting pursuant hereto to determine in its sole discretion the time when, purpose for
and manner in which any power herein conferred upon it shall be exercised, and the conditions, provisions and covenants of any instruments
or documents that may be executed by it pursuant hereto; provided that the powers of attorney granted herein only shall be exercised in
accordance with this Agreement and clauses (i) through (vi) above. The agency and powers of attorney granted herein shall be
deemed to be coupled with an interest, shall be irrevocable and shall survive the death, incompetency, incapacity, disability, insolvency
or dissolution of Subscriber (regardless of whether the Company or Asset Manager has notice thereof).

(b) Subscriber agrees to execute such other documents as the Asset Manager may reasonably request in order to effect the intention and purposes of the agency and power of attorney contemplated.

8. <u>Governing Law; Jurisdiction</u>. This Subscription Agreement shall be governed and construed in accordance with the laws of the State of Delaware.

EACH OF THE SUBSCRIBER AND THE COMPANY CONSENTS TO THE JURISDICTION OF ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION LOCATED WITHIN DELAWARE AND NO OTHER PLACE AND IRREVOCABLY AGREES THAT ALL ACTIONS OR PROCEEDINGS RELATING TO THIS SUBSCRIPTION AGREEMENT NOT ARISING UNDER THE FEDERAL SECURITIES LAWS MAY BE LITIGATED IN SUCH COURTS.

EACH OF SUBSCRIBER AND THE COMPANY ACCEPTS FOR ITSELF AND HIMSELF AND IN CONNECTION WITH ITS AND HIS RESPECTIVE PROPERTIES, GENERALLY AND UNCONDITIONALLY, THE EXCLUSIVE JURISDICTION OF THE AFORESAID COURTS AND WAIVES ANY DEFENSE OF FORUM NON CONVENIENS, AND IRREVOCABLY AGREES TO BE BOUND BY ANY JUDGMENT RENDERED THEREBY IN CONNECTION WITH THIS SUBSCRIPTION AGREEMENT NOT ARISING UNDER THE FEDERAL SECURITIES LAWS. EACH OF SUBSCRIBER AND THE COMPANY FURTHER IRREVOCABLY CONSENTS TO THE SERVICE OF PROCESS OUT OF ANY OF THE AFOREMENTIONED COURTS IN THE MANNER AND IN THE ADDRESS SPECIFIED IN SECTION 9 AND THE SIGNATURE PAGE OF THIS SUBSCRIPTION AGREEMENT.

EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED IN CONTRACT, TORT BUT NOT INCLUDING CLAIMS UNDER THE FEDERAL SECURITIES LAWS) ARISING OUT OF OR RELATING TO THIS SUBSCRIPTION AGREEMENT OR THE ACTIONS OF EITHER PARTY IN THE NEGOTIATION, ADMINISTRATION, PERFORMANCE AND ENFORCEMENT THEREOF. EACH OF THE PARTIES HERETO ALSO WAIVES ANY BOND OR SURETY OR SECURITY UPON SUCH BOND WHICH MIGHT, BUT FOR THIS WAIVER, BE REQUIRED OF SUCH PARTY. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING, AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS TO THIS SUBSCRIPTION AGREEMENT. IN THE EVENT OF LITIGATION, THIS SUBSCRIPTION AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. BY AGREEING TO THIS WAIVER, THE SUBSCRIBER IS NOT DEEMED TO WAIVE THE COMPANY'S COMPLIANCE WITH THE FEDERAL SECURITIES LAWS AND THE RULES AND REGULATIONS PROMULGATED THEREUNDER.

9. <u>Notices</u>. Notice, requests, demands and other communications relating to this Subscription Agreement and the transactions contemplated herein shall be in writing and shall be deemed to have been duly given if and when (a) delivered personally, on the date of such delivery; or (b) mailed by registered or certified mail, postage prepaid, return receipt requested, in the third day after the posting thereof; or (c) emailed, telecopied or cabled, on the date of such delivery to the address of the respective parties as follows:

If to the Company, to: Green Coffee Company Holdings, LLC 1301 W. 22nd Street, Suite 310 Oak Brook, IL 60523 Email: investor.relations@greencoffeecompany.com <br> If to a Subscriber, to Subscriber's address as shown on the signature page hereto.

or to such other address as may be specified by written notice from time to time by the party entitled to receive such notice. Any notices, requests, demands or other communications by telecopy or cable shall be confirmed by letter given in accordance with (a) or (b) above.

10. <u>Miscellaneous</u>.

(a) All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identity of the person or persons or entity or entities may require.

(b) This Subscription Agreement is not transferable or assignable by Subscriber.

(c) The representations, warranties and agreements contained herein shall be deemed to be made by and be binding upon Subscriber and its heirs, executors, administrators and successors and shall inure to the benefit of the Company and its successors and assigns.

(d) None of the provisions of this Subscription Agreement may be waived, changed or terminated orally or otherwise, except as specifically set forth herein or except by a writing signed by the Company and Subscriber.

(e) In the event any part of this Subscription Agreement is found to be void or unenforceable, the remaining provisions are intended to be separable and binding with the same effect as if the void or unenforceable part were never the subject of agreement.

(f) The invalidity, illegality or unenforceability of one or more of the provisions of this Subscription Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Subscription Agreement in such jurisdiction or the validity, legality or enforceability of this Subscription Agreement, including any such provision, in any other jurisdiction, it being intended that all rights and obligations of the parties hereunder shall be enforceable to the fullest extent permitted by law.

(g) This Subscription Agreement supersedes all prior discussions and agreements between the parties with respect to the subject matter hereof and contains the sole and entire agreement between the parties hereto with respect to the subject matter hereof.

(h) The terms and provisions of this Subscription Agreement are intended solely for the benefit of each party hereto and their respective successors and assigns, and it is not the intention of the parties to confer, and no provision hereof shall confer, third-party beneficiary rights upon any other person.

(i) The headings used in this Subscription Agreement have been inserted for convenience of reference only and do not define or limit the provisions hereof.

(j) This Subscription Agreement may be executed in any number of counterparts, each of which will be deemed an original, but all of which together will constitute one and the same instrument.

(k) If any recapitalization or other transaction affecting the stock of the Company is effected, then any new, substituted or additional securities or other property which is distributed with respect to the Securities shall be immediately subject to this Subscription Agreement, to the same extent that the Securities, immediately prior thereto, shall have been covered by this Subscription Agreement.

(l) No failure or delay by any party in exercising any right, power or privilege under this Subscription Agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.

11. <u>Electronic Delivery</u>. The Subscriber hereby consents and agrees that, to the fullest extent permitted by applicable law, including those required under federal securities laws, the Company may deliver all documents, notices, and other materials, including but not limited to those required to be delivered under federal securities laws, by electronic mail to the email address provided by the Subscriber. This consent shall remain in effect unless and until revoked in writing by the Subscriber and delivered to the Company in accordance with the notice provisions of this Subscription Agreement. The Subscriber acknowledges that it is their responsibility to ensure that the Company has a current and valid email address on file and that they have access to the necessary hardware and software to receive, view, and retain such electronic communications.

12. <u>Subscription Procedure</u>. Subscriber, by providing his or her information, including name, address and subscription amount, and clicking "accept" and/or checking the appropriate box on the online investment platform ("Online Acceptance"), confirms such Subscriber's information and his or her investment through the platform and confirms such Subscriber's electronic signature to this Subscription Agreement. Each party hereto agrees that (a) Subscriber's electronic signature as provided through Online Acceptance is the legal equivalent of his or her manual signature on this Subscription Agreement and constitutes execution and delivery of this Subscription Agreement by Subscriber, (b) the Company's acceptance of Subscriber's subscription through the platform and its electronic signature hereto is the legal equivalent of its manual signature on this Subscription Agreement and constitutes execution and delivery of this Subscription Agreement by the Company and (c) each party's execution and delivery of this Subscription Agreement as provided in this Section 12 establishes such party's acceptance of the terms and conditions of this Subscription Agreement.

[*SIGNATURE PAGE FOLLOWS*]

**APPENDIX A**

*An accredited investor, as defined in Rule 501(a) of the Securities Act of 1933, as amended, includes the following categories of investor:*

(1) Any bank as defined in section 3(a)(2) of the Act, or any savings and loan association or other institution as defined in section 3(a)(5)(A) of the Act whether acting in its individual or fiduciary capacity; any broker or dealer registered pursuant to section 15 of the Securities Exchange Act of 1934; any investment adviser registered pursuant to section 203 of the Investment Advisers Act of 1940 or registered pursuant to the laws of a state; any investment adviser relying on the exemption from registering with the Commission under section 203(l) or (m) of the Investment Advisers Act of 1940; any insurance company as defined in section 2(a)(13) of the Act; any investment company registered under the Investment Company Act of 1940 or a business development company as defined in section 2(a)(48) of that Act; any Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958; any Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act; any plan established and maintained by a state, its political subdivisions, or any agency or instrumentality of a state or its political subdivisions, for the benefit of its employees, if such plan has total assets in excess of $5,000,000; any employee benefit plan within the meaning of the Employee Retirement Income Security Act of 1974 if the investment decision is made by a plan fiduciary, as defined in section 3(21) of such act, which is either a bank, savings and loan association, insurance company, or registered investment adviser, or if the employee benefit plan has total assets in excess of $5,000,000 or, if a self-directed plan, with investment decisions made solely by persons that are accredited investors;

(2) Any private business development company as defined in section 202(a)(22) of the Investment Advisers Act of 1940;

(3) Any organization described in section 501(c)(3) of the Internal Revenue Code, corporation, Massachusetts or similar business trust, or partnership, or limited liability company, not formed for the specific purpose of acquiring the securities offered, with total assets in excess of $5,000,000;

(4) Any director, executive officer, or general partner of the issuer of the securities being offered or sold, or any director, executive officer, or general partner of a general partner of that issuer;

(5) Any natural person whose individual net worth, or joint net worth with that person's spouse or spousal equivalent, exceeds $1,000,000.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Except as provided in paragraph (5)(ii) of this section, for purposes of calculating net worth under this paragraph (5):

(A) The person's primary residence shall not be included as an asset;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Indebtedness that is secured by the person's primary residence, up to the estimated fair market value of the primary residence at the time of the sale of securities, shall not be included as a liability (except that if the amount of such indebtedness outstanding at the time of sale of securities exceeds the amount outstanding 60 days before such time, other than as a result of the acquisition of the primary residence, the amount of such excess shall be included as a liability); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) Indebtedness that is secured by the person's primary residence in excess of the estimated fair market value of the primary residence at the time of the sale of securities shall be included as a liability;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Paragraph (5)(i) of this section will not apply to any calculation of a person's net worth made in connection with a purchase of securities in accordance with a right to purchase such securities, provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Such right was held by the person on July 20, 2010;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The person qualified as an accredited investor on the basis of net worth at the time the person acquired such right; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) The person held securities of the same issuer, other than such right, on July 20, 2010.

(6) Any natural person who had an individual income in excess of $200,000 in each of the two most recent years or joint income with that person's spouse or spousal equivalent in excess of $300,000 in each of those years and has a reasonable expectation of reaching the same income level in the current year;

(7) Any trust, with total assets in excess of $5,000,000, not formed for the specific purpose of acquiring the securities offered, whose purchase is directed by a sophisticated person as described in §230.506(b)(2)(ii);

(8) Any entity in which all of the equity owners are accredited investors;

(9) Any entity, of a type of not listed in paragraphs (1), (2), (3), (7), or (8), not formed for the specific purpose of acquiring the securities offered, owning investments in excess of $5,000,000;

(10) Any natural person holding in good standing one or more professional certifications or designations or credentials from an accredited educational institution that the Commission has designated as qualifying an individual for accredited investor status;

(11) Any natural person who is a "knowledgeable employee," as defined in rule 3c-5(a)(4) under the Investment Company Act of 1940 (17 CFR 270.3c-5(a)(4)), of the issuer of the securities being offered or sold where the issuer would be an investment company, as defined in section 3 of such act, but for the exclusion provided by either section 3(c)(1) or section 3(c)(7) of such act;

(12) Any "family office," as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940 (17 CFR 275.202(a)(11)(G)-1):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) With assets under management in excess of $5,000,000,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) That is not formed for the specific purpose of acquiring the securities offered, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Whose prospective investment is directed by a person who has such knowledge and experience in financial and business matters that such family office is capable of evaluating the merits and risks of the prospective investment; and

(13) Any "family client," as defined in rule 202(a)(11)(G)-1 under the Investment Advisers Act of 1940 (17 CFR 275.202(a)(11)(G)-1)), of a family office meeting the requirements in paragraph (12) of this section and whose prospective investment in the issuer is directed by such family office pursuant to paragraph (12)(iii).

## Ex1A-6

**Exhibit 6.1**

**JOINT DEVELOPMENT AGREEMENT**

This Joint Development Agreement (this "**Agreement**") is entered into on May 7, 2024 (the "**Effective Date**"), by and among Green Coffee Company Holdings, LLC, a limited liability company organized under the laws of the State of Delaware ("**GCC**"), and Promotora de Café Colombia S.A., a corporation organized under the laws of the Republic of Colombia ("**Procafecol**"). GCC and Procafecol are individually referred to in this Agreement as a "Party" and, together, as the "Parties".

**RECITALS**

Whereas, the National Coffee Fund (hereinafter, the "**FoNC**") is a parafiscal account formed with public resources, with the purpose of promoting efficient, sustainable and globally competitive coffee farming.

Whereas, the Juan Valdez® Brand (defined below), in its different applications and presentations, is comprised of well-known Trademarks (defined below) registered by the Federación Nacional de Cafeteros de Colombia, a non-profit association organized under the laws of the Republic of Colombia, in its capacity as administrator of the FoNC (the "**Federation**").

Whereas, in accordance with the Federation´s authority to grant rights of use to the Trademarks, Procafecol and the Federation entered into (i) the Trademark Use License Agreement No. 329 of 2007 (the "**License Agreement No. 329**") by which the Federation granted Procafecol the right to use the Juan Valdez® Brand and its trademark applications to develop the "Retail Project", understood as the business project that aims to satisfy the consumption of packaged coffee and related products in supermarkets or department stores and other similar commercial establishments habitually and professionally engaged in the sale of retail products, and (ii) the Trademark Use License Agreement No. 089 of 2007 (the "**License Agreement No. 089**" and together with the License Agreement No. 329, the "**License Agreements**") by which the Federation granted Procafecol the right to use the Juan Valdez® Brand and its trademark applications to develop the "Institutional Project", understood as the business project that aims to satisfy the consumption of coffee and related products among hotels, restaurants, catering, offices, airlines and other food service clients.

Whereas, according to the License Agreements, in order to seek an efficient penetration in international markets, Procafecol may enter into agreements for joint development previously approved by the Trademarks and Patents Committee of the Federation (approval that will refer to the characteristics of the contracting party and/or its partners and to the clauses in which the content of the agreement is expressed), after examination of each case by the Commission on Business with Third Parties (established pursuant to the License Agreements and comprised of two delegates from the Federation and one delegate from Procafecol).

Whereas, the license to use the Juan Valdez® Brand regulated under the License Agreements, requires the use of 100% Colombian green coffee that must be acquired from the Federation by Procafecol or by third parties authorized by Procafecol for subsequent transformation by Procafecol or by whoever it designates.

WHEREAS, the license to use the Juan Valdez® Brand regulated under the License Agreements, further requires any Person (defined below) involved in the roasting of Juan Valdez coffee to meet certain roasting requirements and to obtain the license from the Federation to use the "Café de Colombia®" logo ("100% Colombian coffee®").

WHEREAS, GCC holds relevant experience and direct investments in the activities of cultivation, production, threshing, processing and export of differentiated and high-quality Colombian coffees and will manufacture, directly and/or through one or more Roasters, and market, sell and distribute, directly and/or through one or more Brokers and/or Distributors, the Authorized Products (defined below) solely through the Authorized Channels (defined below) in the Authorized Territory (defined below).

Whereas, the 100% Colombian green coffee to be used to manufacture the Authorized Products under this Agreement must be procured from the Federation by GCC under the terms of that certain Green Coffee Supply Agreement by and between the Federation, GCC and Agrosura S.A.S. dated as of May 7, 2024 (the "**Supply Agreement**"), attached hereto as **Annex A**.

Whereas, after examination by the Commission on Business with Third Parties, the Trademarks and Patents Committee of the Federation authorized the execution of this Agreement at a meeting held on April 10, 2024, pursuant to the License Agreements.

Whereas, the Board of Directors of Procafecol authorized the execution of this Agreement at a meeting held on April 11, 2024, pursuant to the bylaws of Procafecol.

NOW, THEREFORE, in consideration of the above recitals, the terms and conditions contained in this Agreement, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Parties enter into this Agreement, in accordance with the terms set out below:

**AGREEMENT**

**1. DEFINED TERMS.** Capitalized terms not otherwise defined herein shall have the meanings assigned below:

"**Affiliate**" means, with respect to any specified Person, any other Person who, at the time of determination, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with such specified Person. "Control" refers to the power to direct or cause direction of a Person's management and policies, whether through ownership of voting shares, by contract, or otherwise.

"**ATL"** means "above-the-line advertising," including disseminating via mass-media like commercials, newspaper and ads.

"**Authorized Channels"** refers to the approved avenues through which Authorized Products are sold and delivered to end customers or consumers such as (1) "Retail" meaning traditional brick-and-mortar outlets such as supermarkets, convenience stores, grocery stores, hypermarkets, specialty stores, department stores and other similar commercial establishments (including their digital sales) where products are sold directly to consumers for their personal use; as well as e-commerce platforms (including social media) engaged in the marketing and sale of retail products within the Authorized Territory, other than the Retail Customers, and other than the E-Commerce Platforms; and (2) "Institutional" meaning non-retail entities that purchase products in bulk for use within their own operations or for provision as part of their services within the Authorized Territory. This includes hotels, restaurants, military, governments, hospitals, food distributors, cafes, airlines and other corporate, governmental, or business clients, other than the Institutional Customers. For sake of clarity, the meaning of the Retail Authorized Channel shall be aligned in accordance with the definition of "Retail Project" set forth in License Agreement No. 329, as amended from time to time, and the meaning of the Institutional Authorized Channel shall be aligned in accordance with the definition of "Institutional Project" set forth in License Agreement No. 089, as amended from time to time.

"**Authorized Product(s)**" refers, collectively, to (i) the 100% Colombian roasted coffee, packaged and identified with the Juan Valdez® Brands, and (ii) any other products approved by Procafecol from time to time under this Agreement. The initial list of Authorized Products, as of the Effective Date, is set forth in **Annex E** of this Agreement which may be updated upon the mutual agreement of the Parties.

"**Authorized Territory**" means, collectively, (i) the United States of America (including the Commonwealth of Puerto Rico) and (ii) Canada.

"**Broker**" means any individual or legal entity (other than employees or Affiliates of GCC) engaged in the facilitation of introductions and establishment of relationships between GCC and third parties, including but not limited to Distributors and Authorized Channels, for the purposes of negotiating or consummating distribution agreements or purchase agreements for the Authorized Products. The Broker shall act solely as an intermediary and will not have the authority to enter into any contracts or obligations on behalf of the Parties.

"**Brokers' Requirements**" means the minimum requirements to be followed and achieved by each Broker during the marketing, storage, sale, and distribution of the Authorized Products as set forth in **Annex F** hereto.

"**Business Day**" means any day except any Saturday, any Sunday, any day which is a federal legal holiday in the United States or any day on which banking institutions in the State of New York are authorized or required by law or other governmental action to close.

"**BTL**" means "below-the-line advertising," including direct contact media like the internet, direct mail, and call centers.

"**Confidential Information**" means non-public data or information in any form disclosed by one Party to the other Party by any means, including non-public information regarding a Party's financial condition and financial projections, business and marketing plans, product plans, product formulas, the results of product testing, research data, market intelligence, designs and specifications, secret methods, manufacturing processes, source code of proprietary software, the content of unpublished patent applications, customer lists, vendor lists, internal cost data, the terms of contracts with employees and third parties, and non-public information that, if known to the public, would be likely to tarnish its reputation or brands. To be clear, however, information in this list of examples is only considered Confidential Information for so long as it has not been made known to the general public by the Discloser or through the rightful actions of a third party, and only for so long as the information would reasonably be considered to hold value by virtue of remaining confidential. Information may be Confidential Information regardless of the medium or manner by which it is disclosed.

"**Current GCC Product**" means the roasted coffee ABIRA, as well as any branded roasted coffee product that may compete with the Authorized Product in the Authorized Territory.

"**Derivative IP**" shall include but is not limited to any works of authorship, creative developments, designs, inventions, improvements, trade secrets, proprietary information, and all other intellectual property, whether or not protectable under copyright, patent, trademark, or other laws that are: (a) developed, conceived, made, or derived by GCC, either solely or jointly with others, including Procafecol; and (b) based on, incorporate, or are enhancements, customizations, modifications, or adaptations of, the Juan Valdez® Brands or any other Intellectual Property (previously authorized by the relevant Trademark owner) provided or made available by Procafecol under this Agreement.

"**Distributor**" refers to any Person who is not an Affiliate of GCC appointed under a distribution agreement to purchase, stock, market, and sell the Authorized Products provided by GCC.

"**Distributors' Requirements**" means the minimum requirements to be followed and achieved by each Distributor during the storage and distribution of the Authorized Products as set forth in **Annex G** hereto.

**"E-Commerce Platforms"** means the e-commerce platforms set forth in **Annex C** of this Agreement.

"**GCC Prepared Materials**" shall have the meaning set forth in Section 4.7.

"**Gross Sales**" means all sales generated by GCC from the sale of Authorized Products including fees for any Authorized Products sold by GCC, whether for cash or credit (and regardless of collectability), proceeds received by GCC in connection with any business interruption insurance, and income of every kind or nature related to the Authorized Products including barter or trade. Gross Sales does not include the sales price of Authorized Products returned by customers, amounts received from customers for shipping and handling and any sales tax or other taxes collected from customers and paid to the appropriate taxing authority. Gross Sales does not include the sales of Authorized Products to Procafecol.

"**Institutional Customers"** means the institutional customers set forth in **Annex D** of this Agreement.

"**Intellectual Property Rights**" means all intellectual property rights worldwide, including (i) patents, (ii) Trademarks, (iii) copyrights, mask works, and designs, (iv) know-how, trade secrets and other intellectual property rights in confidential or proprietary information, (v) rights of privacy and publicity, (vi) intellectual property rights in software, data, and databases, (vii) domain names, and (viii) all registrations and applications for the registration or issuance of any of the foregoing.

"**Juan Valdez® Brand(s)**" means the "Juan Valdez" Trademarks that are owned, or otherwise controlled by the Federation in the Authorized Territory, including those listed on **Annex H**.

"**Juan Valdez® Brand Manual**" or "**Brand Manual**" refers to the comprehensive guideline document that delineates the proper use of the Juan Valdez® Brands (including color palettes, typography, imagery, and aesthetic representations) which is attached hereto as **Annex I**.

"**Marketing Material**" means, collectively, any materials, information, brochures, literature, and documentation, in any media, relating to the advertising, marketing and promotion of the Authorized Products that GCC may provide to the Third-Party Providers under this Agreement for the promotion and marketing of the Authorized Products.

"**Modification(s)**" shall have the meaning set forth in Section 4.5.

"**Minimum Requirements**" means each of the Roasters' Requirements, the Brokers' Requirements and the Distributors' Requirements.

"**Minimum Sales Requirements**" means those annual targets for the minimum sales values as provided on **Annex K** for each year of the Initial Term of this Agreement.

"**Person**" means an individual or corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited liability company, joint stock company, government (or an agency or subdivision thereof) or other legally-recognized entity of any kind.

"**Related Agreements**" means this Agreement and all other agreements executed between GCC and Procafecol or any of their respective Affiliates concurrently or otherwise in connection with this Agreement, including that certain Supply Agreement, together with any amendments and successors to such agreements.

"**Representative**" means with respect to a particular Person, any director, officer, employee, agent, consultant, advisor, or other representative of such Person, including legal counsel, accountants, and financial advisors.

"**Retail Customer(s)**" means the retail customers set forth in **Annex B** of this Agreement.

"**Roaster**" means any Person (other than GCC, any Affiliate of GCC, or any Affiliate of Procafecol) engaged in the business of roasting, packaging and/or labelling of the Authorized Products.

"**Roasters' Requirements**" means the minimum requirements to be followed and achieved by each Roaster during the manufacture, roasting, packaging and labelling process (as applicable) of the Authorized Products as set forth in **Annex J** hereto.

"**Trademark(s)**" means trademarks, certification marks, service marks, trade dress, trade names, logos, slogans, designs, business and product names, and other branding features and indicia of source or origin.

"**Trademark Guidelines**" refers to the general rules applicable to all users of the Juan Valdez® Brand, which are provided to GCC in writing (as these are updated upon written notice from time to time by Procafecol), governing the use of the Juan Valdez® Brand, including without limitation, the Juan Valdez® Brand Manual.

"**Person**" means any natural or legal person, whether a general or limited partnership, corporation, company, trust, limited liability company, association or organization, governmental agency or authority or any other kind of legal person or entity.

"**Third-Party Provider**" means each of the Brokers, Distributors and/or Roasters.

**2. GRANT OF RIGHTS.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Grant of Rights</u>. Subject to the provisions hereof, Procafecol hereby appoints and authorizes GCC, and GCC accepts the appointment, upon the terms and conditions of this Agreement, to manufacture, directly and/or through one or more Roasters, and to market, sell and distribute, directly and/or through one or more Brokers and/or Distributors, the Authorized Products solely through the Authorized Channels in the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Rights.</u> Notwithstanding Section 2.1 above, Procafecol and its Affiliates reserve the right to (i) design, manufacture, actively promote, market, distribute and sell their own Juan Valdez® products to their current Retail Customers set forth in **Annex B** (and consistent with the terms set forth therein) within the Authorized Territory, (ii) continue servicing their own current Institutional Customers set forth in **Annex D** (and consistent with the terms set forth therein) within the Authorized Territory, and (iii) continue operating, developing and franchising retail cafes and coffee shops in the Authorized Territory under the Juan Valdez® Brands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 Procafecol agrees that it shall not on its own (other than as set forth in this Agreement) and that it shall not authorize or otherwise permit any third parties to use the Juan Valdez® Brand to compete with GCC's rights under this Agreement relating to the Authorized Products in the Authorized Channels within the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Procafecol's Retail & Institutional Customers; Joint Efforts.</u> The Parties acknowledge and agree that with respect to Procafecol's current Retail Customers set forth in **Annex B** and current Institutional Customers set forth in **Annex D**, both GCC and Procafecol shall jointly work together and in good faith when approaching such Retail and Institutional Customers when in the process of marketing, selling and distributing products. Procafecol and its Representatives shall at all times be present and/or informed in any meetings and/or communications with any such Retail and Institutional Customers. The Parties intend to work closely together and to keep each other regularly informed of any activities related to any such Retail and Institutional Customers that may be pertinent to the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Instant Coffee Customers:</u> Procafecol shall retain exclusive rights to current and new Retail and/or Institutional Customers sourced primarily by Procafecol or GCC for all sales of Procafecol's instant coffee portfolio ("**Instant Coffees**") to such Retail and Institutional Customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>E-Commerce Platforms</u>. The Parties acknowledge and agree that Procafecol shall exclusively operate the E-Commerce Platforms set forth in **Annex C**, including the process of selling and distributing the products sold thereon.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 <u>Procafecol's Right to Purchase the Authorized Product</u>. Procafecol shall have the right, but not the obligation, to purchase certain quantities of Authorized Product from GCC (to the extent such quantities are reasonably available for purchase and at prices to be negotiated between the Parties) in order to resell it at Procafecol's account in channels other than the Authorized Channels and/or in territories other than the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 <u>New Customers Exclusively Engaged by GCC.</u> GCC shall have exclusive rights to new Retail and/or Institutional customers engaged primarily by GCC. GCC may, at its discretion, offer products from Procafecol's current portfolio to its exclusive Retail and Institutional customers, subject to prior approval from Procafecol. Should GCC's customer commit to acquire products from Procafecol's portfolio, GCC is obligated to purchase any such products from Procafecol or its Affiliates for resale to its customers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 <u>New Customers Sourced by Procafecol</u>. GCC shall have (i) exclusive rights to new Retail and/or Institutional Customers sourced primarily by Procafecol for Authorized Products and (ii) a right of first refusal equal to thirty (30) calendar days from any binding agreement for Procafecol's portfolio of roasted coffee products to be the distributor of such products to the new customer (with all such sales to count towards the Minimum Sales Requirement as defined below) (the "**ROFR Period**"). If GCC does not exercise the right of first refusal during the ROFR Period, Procafecol shall have the sole rights to distribute its products to the new customer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 <u>Reservation of Rights</u>. Procafecol, on behalf of itself and its Affiliates, reserves all rights not expressly granted to GCC pursuant to this Agreement or any of the other Related Agreements, including the right (directly or through third parties) at any time to manufacture, market, sell and/or distribute any products outside the Authorized Territory, and any products (other than roasted coffee products that compete with the Authorized Products) associated with the Juan Valdez® Brand at locations within the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 <u>Monitoring and Inspection of GCC.</u> Throughout the term of this Agreement, Procafecol shall have the right to monitor the business activities of GCC pursuant to this Agreement in respect of the Authorized Products. GCC acknowledges that it must comply with the provisions of this Agreement, the other Related Agreements, and Applicable Law pertaining to the manufacture, sale and distribution of the Authorized Products. At the option and expense of Procafecol, Procafecol may conduct periodic inspections, upon reasonable advance written notice, of GCC, its Roasters, Brokers' and/or Distributors' facilities and operations, which inspections shall be reasonable in scope, duration, and frequency.

**3. MANUFACTURE OF THE AUTHORIZED PRODUCT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 GCC will manufacture the Authorized Products within Colombia and/or the Authorized Territory directly and/or through Procafecol authorized Roasters in accordance with the terms and conditions set forth in this Agreement. For purposes of this Agreement, "Manufacturing" means roasting, packing and labeling of the Authorized Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 The manufacture of the Authorized Product by GCC and/or any Roaster shall be subject to compliance with the specifications and Roasters' Requirements set forth in **Annex J** (the "**Roasting Standards**") and any other agreed to between the Parties during the joint product creation efforts, which they agree to engage in, in good faith, immediately following the Effective Date. Unless otherwise approved by Procafecol, the Authorized Product creation efforts shall be consistent with the current Trademark Guidelines and Brand Manuals of Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Engagement of a Roaster</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GCC shall have the right, subject to the prior approval and other rights of Procafecol as set forth herein, to engage Roasters from time to time to manufacture the Authorized Products provided by GCC according to the terms and conditions of this Agreement. At least thirty (30) days before GCC intends to engage any new Roaster, or to engage any Roaster with respect to any Authorized Product or facilities that Procafecol has not previously approved for such Roaster, GCC shall submit to Procafecol such information concerning the Roaster and the facilities at which the Roaster proposes to manufacture the Authorized Product (including information concerning the equipment, supplies and other materials to be used by the Roaster in the production of the Authorized Products) as Procafecol reasonably requests from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) GCC shall not engage any Roaster or allow any Roaster to produce any Authorized Products without the prior written approval of Procafecol (not to be unreasonably withheld, conditioned or delayed) as to the Roaster and its facilities as well as GCC's and the Roaster's signing of a Roaster Agreement (defined below) and the execution by the Roaster of the Roasting Standards set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) GCC is responsible for investigating the character, work experience, background, suitability, financial, operational and administrative capabilities of any proposed Roaster and the Roaster's Representatives, prior to recommending the proposed Roaster to Procafecol. GCC acknowledges and agrees that Procafecol shall not be responsible for the engagement of any proposed Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Procafecol reserves the right to review and inspect the manufacturing facilities of any Roaster prior to providing any approval and prior to the Roaster producing any Authorized Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It shall not be deemed to be unreasonable for Procafecol to withhold its approval under Section 3.3 to a GCC-proposed Roaster if such Roaster fails to demonstrate, to Procafecol's reasonable judgment and satisfaction, that it has the experience, suitability, and financial, operational, and administrative capabilities required to meet the Roasters' Requirements or the Roaster's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Procafecol reserves the right, in its reasonable discretion and at any time, to unilaterally revoke its approval of a Roaster if the Roaster fails to demonstrate, in Procafecol's reasonable judgment and satisfaction, that it continues to have the financial, operational, and administrative suitability and capabilities required to fulfill Roasters' Requirements or Roaster's obligations under this Agreement. Any such revocation shall be based solely on reasonable grounds and exercised in good faith and shall be supported by factual proof provided to GCC. Such revocation shall be effective no less than thirty (30) days following notice to GCC of the grounds for revocation, and provided that the Roaster fails to cure the cited issues during such thirty (30) day period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) GCC acknowledges and agrees that any reasonable delay in the approval of any Roaster or the reasonable denial of engagement of any Roaster in accordance with this Agreement shall not interfere with GCC's obligations to comply with the Minimum Sales Requirements and to provide continuity on the business. In the event that Procafecol reasonably denies the engagement of any Roaster, GCC shall adopt all appropriate measures to propose additional Roasters.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Roaster Agreements</u>. Promptly following the approval by Procafecol of a Roaster and its facilities, GCC shall negotiate and sign an agreement between GCC and the Roaster governing the relationship between GCC and the Roaster with respect to the Products (the "**Roaster Agreement**"). Each Roaster Agreement shall contain the provisions set forth in the Roasting Standards and following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Procafecol, GCC and their Representatives shall have the right, at their expense and during normal business hours upon reasonable advance notice (and if required, with the presence of GCC), to inspect the facilities at which any Roaster produces any Authorized Products or stores any Authorized Products, or other materials used in the manufacture of the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) GCC shall provide to the Roaster, and must retain title to, all goods used by any Roaster in the production of the Authorized Products and must automatically acquire title to all Authorized Products produced by any Roaster immediately upon their production. The Roaster shall have no right to sell or distribute any Authorized Products pursuant to the Roaster Agreement or otherwise.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Roaster shall be subject to and comply with Applicable Laws and all terms and conditions of this Agreement, the Roasting Standards or the manufacturing of the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Roaster shall comply with all commercially reasonable product recall procedures that Procafecol may implement from time to time with respect to the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Roaster Agreement, to the extent that it applies to the Authorized Products, shall terminate automatically upon expiration or termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 Procafecol shall have the right to request GCC to provide information with the purpose of verifying Roaster's compliance with the provisions of this Agreement to the extent applicable to Roaster, provided, however, that GCC shall be entitled to redact portions of such requested information that it deems to be commercially sensitive (such as pricing information) or that any Roaster requires to be maintained as confidential before sharing with Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.6 <u>Monitoring and Inspection of Roasters.</u> Throughout the term of this Agreement, GCC must actively and diligently monitor the business activities of all Roasters in respect of the Authorized Products. GCC acknowledges that all Roasters must comply with the provisions of this Agreement, the Roasting Standards, the other Related Agreements, and Applicable Law pertaining to the manufacture, sale and distribution of the Authorized Products (collectively, the "**Roaster Provisions**"). GCC is responsible for monitoring and ensuring compliance by all Roasters with the Roaster Provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.7 <u>Compliance Failure Notices</u>. If Procafecol provides written notice to GCC (a "**Compliance Failure Notice**") describing the failure of any Roaster to comply with any of the Roaster Provisions, then GCC shall take such action as Procafecol reasonably deems appropriate to address such failure within a reasonable time (but in no event more than thirty (30) days) following delivery of such Compliance Failure Notice. If the compliance failure results in material harm, at the option of Procafecol or GCC, such action might include a termination of the Roaster's rights with respect to the Authorized Products and/or a recall of some or all Authorized Products produced or distributed by such Roaster. In addition, GCC shall diligently pursue such actions as GCC reasonably deems appropriate to resolve the issues raised in any Compliance Failure Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.8 GCC shall require the Roaster to comply with Roaster's Requirements and with all applicable terms, conditions, and obligations associated with the manufacture of the Authorized Products under this Agreement. GCC shall promptly and timely notify Procafecol of any breach by any Roaster of such terms, conditions, and obligations of which GCC is aware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.9 The Authorized Product to be manufactured under this Agreement requires the use of 100% Colombian green coffee supplied by the Federation, subject to the terms of the Supply Agreement. GCC shall be responsible to Procafecol for complying with and for requiring the Roaster to comply with this requirement, to the extent applicable to the Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.10 The quality of the Authorized Product shall be at least of the same quality as the products bearing the Juan Valdez® Brand manufactured and marketed by Procafecol, and at all times of sufficient quality to maintain the reputation and good name of the Juan Valdez® Brand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.11 The manufacture of the Authorized Product shall comply with all applicable laws and regulations in the Authorized Territory. GCC shall require the Roaster to comply with the applicable laws and regulations in the Authorized Territory, to the extent applicable to the Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.12 The Authorized Product shall comply with all conditions and requirements that may be required in the country where the Authorized Product is manufactured in connection with the use of expressions "Cafe de Colombia", "Colombian Coffee", "Colombian" certification mark or any variation thereof. GCC shall be responsible to Procafecol for requiring the Roaster to comply with such conditions and requirements, to the extent applicable to the Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.13 GCC shall adopt and maintain appropriate measures and controls intended to ensure the traceability, quality and safety of the Authorized Product in all manufacturing activities and it shall at all times comply with the minimum requirements set forth in **Annex J**. GCC shall be responsible to Procafecol for requiring the Roaster to adopt and maintain such measures and controls, to the extent applicable to the Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.14 Procafecol and its Representatives shall have the right to conduct audits, inspections and/or verifications upon reasonable advance notice to GCC (and if required, with the presence of GCC) and the Roaster to confirm compliance with the terms, conditions and obligations of GCC and the Roaster under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.15 Any breach of the Roaster Provisions under this Agreement by the Roaster shall be deemed a breach by GCC under this Agreement for all legal purposes and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.16 The Parties may agree by unanimous agreement that Procafecol will carry out one or more manufacturing activities of the Authorized Product, in which case Procafecol shall bear all responsibility relating to the manufacture of the Authorized Product and shall indemnify GCC under Section 9 for any claims or damages resulting therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17 GCC shall require each Roaster to agree in writing to manufacture the Authorized Product in accordance with the specifications listed in **Annex J**.

**4. MARKETING AND ADVERTISING.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 The promotion, advertising and marketing of the Authorized Products by GCC and any Broker or Distributor shall be truthful, accurate and conducted in a manner that reinforces the standards of quality and integrity of the Juan Valdez® Brand and the Authorized Products. Unless otherwise agreed pursuant to the Marketing Plan (as defined below), GCC and each Broker and Distributor shall conduct such promotion, advertising and marketing in a manner that ensures a consistent and uniform message in the Authorized Territory as reasonably specified by Procafecol (e.g., consistent with Procafecol's, its Affiliates and its other resellers'/distributors' promotion, advertising and marketing of its products in the Authorized Territory).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 GCC and Procafecol shall use commercially reasonable efforts to, within thirty (30) days from the Effective Date, jointly develop a twelve (12) month marketing and promotion plan (the "**<u>Marketing Plan</u>**"), to be executed by GCC, directly or through its Brokers and Distributors. Upon each anniversary of the Effective Date of this Agreement, GCC shall propose in writing to Procafecol a new and updated marketing plan and once approved by Procafecol, such proposed marketing plan shall be a "Marketing Plan" for purposes of this Agreement. GCC will revise the proposed marketing plan as reasonably requested by Procafecol. GCC shall promote the sale of the Authorized Products in accordance with the then-current Marketing Plan. GCC and Procafecol agree to exercise good faith efforts to work in coordination for the development of the Marketing Plan that are intended to grow the market share of the Authorized Products. As part of the Marketing Plan, the Parties agree to meet periodically as requested by either Party to review sales figures, commercial strategies, forecasts and execution of the Marketing Plan in the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 The Marketing Plan shall, at a minimum, cover marketing and sale promotion programs, detailed 'above the line' and 'below the line' activities, allocation of the Marketing Commitment and other resources, and training, target sales, target retailers and other customers, online and internet advertising and promotion, printed ads and other media campaigns, trade shows, press conferences, regular calls to relevant outlets, in-store promotions and merchandising, Free Of Charge promotions as agreed with Procafecol, periodic sales meetings, and the like.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.4 As part of the Marketing Plan, GCC agrees to develop and present marketing campaigns for the Authorized Products within the Authorized Territory. These campaigns will be designed to effectively communicate the value and appeal of the Authorized Products. GCC shall formulate marketing strategies and engage in promotional activities with the objective of maximizing the visibility and commercial potential of the Authorized Products. GCC commits to contributing their expertise and resources (in line with the Marketing Commitment) towards the creation of marketing materials and initiatives that adhere to the Juan Valdez® Brand's established image and messaging guidelines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.5 Procafecol may, from time to time, supply Marketing Materials to GCC (which GCC may choose to use or not use in its sole discretion) for advertising and promoting the Authorized Products, either at cost or free of charge, provided that Procafecol is legally entitled to do so. Subject to the terms and conditions of this Agreement, Procafecol hereby grants to GCC, during the Term, a limited, non-exclusive, right to use, reproduce, distribute, adapt, excerpt, reformat, translate, publicly perform and display the Marketing Materials solely in the Authorized Territory and solely to promote, market and communicate information concerning Procafecol's Products in connection with GCC's selling activities, and further provided that GCC complies at all times with the terms set forth herein. All such adaptations, excerpts, reformatted versions and translations of the Marketing Materials (collectively, "**Modifications**") are subject to Procafecol's written approval prior to any distribution, performance or display of the Modifications. Procafecol shall be the owner of all Intellectual Property Rights in and to the Modifications and such Modifications shall be Marketing Materials under this Agreement. GCC hereby assigns and agrees to assign to Procafecol all GCC's right, title and interest in and to the Modifications and all Intellectual Property Rights therein. GCC shall secure from each Marketing Agent (defined in <u>Section 4.12</u> below) that prepare Modifications for GCC or assist GCC in the preparation of Modifications an assignment to Procafecol of all Modifications and all Intellectual Property Rights therein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.6 Whenever GCC uses the Marketing Materials, or during the execution of the Marketing Plan or in general while engaging in the advertising, marketing, or promotion of the Products, GCC shall: (i) refrain from making any representations, warranties or promises on Procafecol's behalf and from making any claims beyond those set forth in the original Marketing Materials; (ii) refrain from any misleading or deceptive conduct and/or from making false statements or representations in relation with Procafecol, its Products, services and/or GCC's relationship with Procafecol, including without limitation false advertising, or claiming ownership of Procafecol's products or the Juan Valdez® Brand; (iii) use the Marketing Materials only as directed or permitted by Procafecol in accordance with this Agreement, in a manner consistent with good trademark and copyright practice, and with all appropriate legends and notices, as set forth herein or in the Trademark Guidelines; and (iv) not contradict Procafecol's ownership of the Marketing Materials and the Juan Valdez® Brand. Unless expressly approved by Procafecol, GCC shall not remove or obscure any copyright or trademark notices on the Marketing Materials or the Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.7 GCC shall submit for Procafecol's prior written approval, and provide Procafecol with copies of, all literature, materials and documents prepared by, or for GCC, for marketing, promoting or advertising the Products (including without limitation point of sale materials, leaflets) and which use, show, adapt, or refer to the Marketing Materials, Modifications thereof, and/or the Juan Valdez® Brand in any manner (collectively, "**GCC Prepared Materials**"). Procafecol shall have the right to regulate the manner of use of the Marketing Materials, GCC Prepared Materials and Juan Valdez® Brand by GCC in any reasonable manner, and agrees not to delay, or withhold, its approval of the GCC Prepared Materials unreasonably, provided however, that lack of rejection or review does not constitute or imply approval by Procafecol. GCC agrees, when using the Marketing Materials and Juan Valdez® Brand, to comply with all laws in force at any time in the Authorized Territory in which the GCC Prepared Materials are used, including compliance with trademark marking requirements. Procafecol's review or approval of any GCC Prepared Materials, including by its Marketing Agents (defined in Section 4.12 below) or any other third parties engaged in the creation, production, or dissemination of GCC Prepared Materials, shall not be construed as a representation or warranty as to the potential success or effectiveness of such GCC Prepared Materials. Procafecol provides no guarantee that the GCC Prepared Materials will achieve any specific results or outcomes in any marketing, promotional, or advertising campaigns. The approval of GCC Prepared Materials by Procafecol does not confirm or imply that the GCC Prepared Materials are in compliance with all applicable regulations, laws, or requirements, nor does it constitute a validation of the adequacy of any Intellectual Property Rights clearances, licenses, or consents that may be required for the use of any content within the GCC Prepared Materials. GCC retains sole responsibility for ensuring that all Marketing Materials (other than Marketing Materials that are provided by Procafecol and that are used without modification) are in full compliance with all such legal and regulatory requirements, including but not limited to, Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.8 GCC shall not, and shall not permit third parties to, directly or indirectly: (i) use the Marketing Materials and the Juan Valdez® Brand for any purposes other than those stated herein, or (ii) assign, sublicense, sell, resell, lease, rent or otherwise transfer or convey, or pledge as security or otherwise encumber GCC's rights under the right to use granted in this Agreement, except with the prior written approval of Procafecol in each instance (or as otherwise permitted hereunder). GCC will ensure that its use of the Marketing Materials and the Juan Valdez® Brand complies with all applicable laws, statutes, regulations or rules promulgated by governing authorities applicable to the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.9 GCC shall observe in all advertising and promotion of the Authorized Products the standards and practices usually observed by commercial enterprises of the highest standing engaged in the marketing of coffee products and in particular, when marketing the Authorized Products, GCC shall not make any claims or statements which cannot be substantiated by adequate scientific proof or which are not permitted under regulations in force in the Authorized Territory or which do not conform with the most up-to-date information provided by Procafecol. GCC shall ensure that the Juan Valdez® Brand ("™") always appears in any written or printed material promoting the Authorized Products, where applicable, in the Authorized Territory and that the Juan Valdez® Brand is mentioned in film, television, radio or other audio/visual advertising related to the Products, where applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.10 If GCC uses the Marketing Materials that Procafecol supplies without any modification, then Procafecol will defend and indemnify GCC from third party claims and actions in connection with such use by GCC as provided in Section 9.2. All other information and materials about the Authorized Products shall be deemed to be unauthorized and may not be used by GCC for any purpose other than internally within GCC for background information. GCC is responsible for any liability arising from the use of this "unauthorized" information. Procafecol agrees that any background information marked "confidential, not to be used in selling" can be supplied to GCC's sales force solely for internal use.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.11 Procafecol reserves the right, at any time and upon written notice, to request GCC to discontinue (partially or completely) the use of any of the GCC Prepared Materials or similar materials in the event it reasonably appears to Procafecol that such materials: (i) are contrary to applicable law or (ii) are infringing the rights of a third-party. In the event Procafecol requests such discontinuance, Procafecol shall provide documented support for the reasons underlying the request, and GCC must immediately cease to reproduce and distribute the affected GCC Prepared Materials or similar materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.12 GCC, including its subcontractors, advertising agencies, advisors, consultants, independent contractors and any other third parties engaged in the creation, production, or dissemination of Marketing Materials on behalf of GCC ("**Marketing Agents**"), shall ensure that all Marketing Materials, including but not limited to printed materials, digital content, audio and video recordings, photographs, images, and any other promotional media, comply with all applicable laws, statutes, regulations, and codes relating to advertising, marketing, and data protection. GCC and its Marketing Agents shall obtain and maintain all necessary approvals, clearances, consents, and licenses required for the use of Intellectual Property in Marketing Materials, ensuring that the use of music, video, photos, images, audio recordings, or any other copyrighted works within the Marketing Materials fully respects the Intellectual Property Rights of third parties. This includes, but is not limited to, adherence to copyright law, trademark law, and any related legal requirements. GCC and its Marketing Agents shall ensure that any use of personal data in the Marketing Materials complies with the relevant data protection, privacy laws, and regulations and that the Marketing Materials respect personal rights and personality rights of individuals depicted or referenced therein, obtaining express consents where required. Upon request, GCC shall provide the Procafecol with evidence of such compliance, including copies of approvals, clearances, consents, licenses, and any other relevant documentation, demonstrating that all Marketing Materials are in compliance with the requirements set forth in this Section. This Section 4.12 shall be binding upon GCC, its Marketing Agents, and their respective successors and assigns, and shall inure to the benefit of Procafecol, its successors, and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13 GCC hereby represents and warrants to Procafecol that all GCC Prepared Materials, and its Marketing Agents involved in the creation or distribution thereof will not infringe on the Intellectual Property Rights of any third party. GCC affirms that all GCC Prepared Materials and Modifications will be either original work or work for which GCC has obtained all necessary licenses, rights, consents, assignments and permissions required for lawful use. GCC further warrants that such GCC Prepared Materials and Modifications will not violate any copyright, patent, trademark, trade secret, or any other Intellectual Property or Proprietary Rights of any third party.

**5. USE OF TRADEMARKS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 Subject to the terms and conditions of this Agreement, Procafecol hereby grants to GCC a right to use and display the Juan Valdez® Brand solely in the Authorized Territory and solely in connection with activities authorized by this Agreement as related to the promotion of the Authorized Products within the Authorized Territory. GCC understands and agrees that in GCC's marketing and advertising of Products, GCC shall prominently use and display the Juan Valdez® Brand in the form and manner as communicated by Procafecol and in strict accordance with any written Trademark Guidelines provided by Procafecol. GCC shall use the Juan Valdez® Brand in a manner that complies with the Trademark Guidelines and the Brand Manual. The use by GCC of the Juan Valdez® Brand in connection with this Agreement shall not create any right, title or interest, in or to the Juan Valdez® Brands in favor of GCC and all goodwill associated with the use of the Juan Valdez® Brand shall inure to the benefit of their owners. GCC shall not register, seek to register or contest the validity of the Juan Valdez® Brand in any jurisdiction or country. GCC agrees to use commercially reasonable efforts to protect Procafecol's proprietary and licensed rights and to cooperate, without charge, in Procafecol's efforts to protect its proprietary and licensed rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Conditions for Use</u>. With respect to GCC's and the Third-Party Providers' use of the Juan Valdez® Brand pursuant to the right granted under this Agreement, GCC agrees, and shall cause the Third-Party Providers to agree, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GCC must use, and shall cause the Third-Party Providers to use, only the Trademarks designated by Procafecol and shall use them only in the manner required or authorized and permitted by Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) GCC must use, and shall cause the Third-Party Providers to use, the Juan Valdez® Brand only in connection with the manufacture, distribution and marketing of the Authorized Product within the Authorized Territory, in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) GCC's right to use the Juan Valdez® Brand is limited to such uses as are authorized under this Agreement or in the Brand Manual, and any material unauthorized use thereof shall constitute an infringement of Procafecol's rights and grounds for termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) GCC may not use the Juan Valdez® Brand to incur or secure any obligation or indebtedness.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) GCC may not use the Juan Valdez® Brand as part of its corporate or other legal name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) In the event that GCC becomes aware of any infringement of the Juan Valdez® Brand or if GCC's use of the Juan Valdez® Brand is challenged by a third party, then GCC is obligated to promptly notify Procafecol, and Procafecol will have sole discretion to take such action as Procafecol deems appropriate. At the expense of Procafecol, GCC will cooperate and assist as required by Procafecol in any enforcement activities or litigation as Procafecol deems reasonably necessary to fully protect all its interests in the Juan Valdez® Brand. If Procafecol determines that no action to protect the Juan Valdez® Brand is necessary, then GCC may take any action it deems necessary to protect its own interest, at its own expense.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 Acknowledgements. GCC understands and acknowledges that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GCC's right to use the Juan Valdez® Brand is derived solely from this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) GCC's use of the Juan Valdez® Brand pursuant to this Agreement does not give GCC any ownership interest or other interest in or to the Juan Valdez® Brand, except the right to use the Juan Valdez® Brand granted in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any goodwill arising from GCC's use of the Juan Valdez® Brand shall inure solely and exclusively to Procafecol's benefit, and upon the expiration or termination of this Agreement, no monetary amount shall be assigned as attributable to any goodwill associated with GCC's use of the Juan Valdez® Brand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) GCC shall not challenge, or register, or attempt to register the Trademarks included in the Juan Valdez® Brand in its name or that of any other person, firm, entity or corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) GCC shall not establish a website on the Internet using any domain name or uniform resource locator containing the Juan Valdez® Brand, including "JUAN VALDEZ CAFÉ" or any variation thereof without Procafecol's prior written consent, except for the US web domain/page located at www.juanvaldezcafestore.com, which GCC shall have the exclusive (even as to Procafecol) right to use pursuant to the terms of this Agreement. Procafecol is the sole owner of all right, title and interest in and to such domain names using the Juan Valdez® Brand as it may designate in the Brand Manual or otherwise in writing.

**6. COMMERCIALIZATION OF AUTHORIZED PRODUCT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.1 GCC will market the Authorized Product within the Authorized Territory, directly and/or through the Brokers and/or Distributors, in accordance with the terms and conditions set forth in this Agreement. All Brokers and Distributors retained by GCC for purposes of marketing, selling, or distributing the Authorized Products shall be subject to Procafecol's prior written approval, such approval not to be unreasonably withheld, conditioned or delayed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2 <u>Engagement of Brokers and Distributors</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GCC shall have the right, subject to the prior approval and other rights of Procafecol as set forth herein, to engage Brokers and Distributors from time to time to market, sell and distribute the Authorized Products provided by GCC according to the terms and conditions of this Agreement. GCC will notify Procafecol if GCC intends to engage any new Broker or Distributor, or to engage any Broker and the Distributor with respect to any Authorized Product or facilities that Procafecol has not previously approved for such Broker and the Distributor. Procafecol shall have ten (10) days to request that the Broker and/or Distributor provide such information as Procafecol reasonably requests, which GCC shall obtain within thirty (30) days thereafter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Except as set forth above, GCC shall not engage any the Broker and/or the Distributor or allow any Broker and/or Distributor to storage and distribute any Authorized Products without the prior written approval of Procafecol as to the Broker and/or the Distributor and their facilities as well as GCC's and the Broker's and/or the Distributors signing of a Broker Agreement or a Distribution Agreement (defined below) and the execution by the Broker or the Distributor of the Broker's Requirements and the Distributor's Requirements (as applicable) set forth herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) GCC is responsible for investigating the character, work experience, background, suitability, financial, operational and administrative capabilities of any proposed Broker and/or the Distributor and their Representatives, prior to recommending the proposed Broker and/or the Distributor to Procafecol. GCC acknowledges and agrees that Procafecol shall not be responsible for the engagement and performance of any proposed Broker and/or Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon reasonable notice to GCC, Procafecol will have the right to review and inspect the facilities of any Broker and/or the Distributor (and if required, with the presence of GCC) prior to provide any approval and prior to the Broker and/or the Distributor storing and/or distributing any Authorized Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) It shall not be deemed to be unreasonable for Procafecol to withhold its approval to a GCC-proposed Broker and/or Distributor if such Broker and/or Distributor fails to demonstrate, to Procafecol's reasonable judgment and satisfaction, that it has the experience, suitability, and financial, operational, and administrative capabilities required to meet the Broker's Requirements and the Distributor's Requirements (as applicable) or the Broker's or Distributor's obligations under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Procafecol reserves the right, in its reasonable discretion and at any time, to unilaterally revoke its approval of a Broker and/or Distributor if the Broker and/or Distributor fails to demonstrate, in Procafecol's reasonable judgment and satisfaction, that it continues to have the financial, operational, and administrative suitability and capabilities required to fulfill Broker's Requirements and the Distributor's Requirements (as applicable) or the Broker's or Distributor's obligations under this Agreement. Any such revocation shall be based solely on reasonable grounds and exercised in good faith and shall be supported by factual proof provided to GCC. Such revocation shall be effective no less than thirty (30) days following notice to GCC of the grounds for revocation, and provided that the Broker or the Distributor fails to cure any such issues during such thirty (30) day period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) GCC acknowledges and agrees that any reasonable delay in the approval of any Broker and/or Distributor or the reasonable denial of engagement of any Broker and/or Distributor in accordance with this Agreement shall not interfere with GCC's obligations to comply with the Minimum Sales Requirements and to provide continuity on the business. In the event that Procafecol denies the engagement of any Broker or Distributor GCC shall adopt all appropriate measures to propose additional Brokers and/or Distributors, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3 <u>Broker and Distributor Agreements</u>. Promptly following the approval by Procafecol of a Broker and/or Distributor and the facilities, GCC shall negotiate and sign an agreement between GCC and the Broker and/or Distributor governing the relationship between GCC and the Broker and/or Distributor with respect to the Products. Each Broker and Distributor Agreement shall contain the provisions set forth in the Broker's Requirements, the Distributor's Requirements and the following provisions:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Procafecol, GCC and their Representatives shall have the right, at their expense and during normal business hours upon reasonable advance notice (and if required, with the presence of GCC), to inspect the facilities at which any Broker and/or Distributor stores any Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Broker and/or Distributor shall be subject to and comply with Applicable Laws and all terms and conditions of this Agreement, Broker's Requirements, the Distributor's Requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Broker and/or Distributor shall comply with all commercially reasonable product recall procedures that Procafecol may implement from time to time with respect to the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the agreements, to the extent that they apply to the Authorized Products, with GCC and the Broker and/or Distributor shall terminate automatically upon expiration or termination of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4 Procafecol shall have the right to request GCC to provide information with the purpose of verifying Broker's and Distributor's compliance with the provisions of this Agreement to the extent applicable to Brokers and Distributors, provided, however, that GCC shall be entitled to redact portions of such requested information that it deems to be commercially sensitive (such as pricing information) or that any Broker or Distributor requires to be maintained as confidential before sharing with Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5 <u>Monitoring and Inspection of Broker and/or Distributor.</u> Throughout the term of this Agreement, GCC must actively and diligently monitor the business activities of all Brokers and/or Distributors in respect of the Authorized Products. GCC acknowledges that all Brokers and/or Distributors must comply with the provisions of this Agreement, the Broker's Requirements, the Distributor's Requirements, the other Related Agreements, and Applicable Law pertaining to the sale and distribution of the Authorized Products (collectively, the "**Broker and Distributor Provisions**"). GCC is responsible for monitoring and ensuring compliance by all Brokers and/or Distributors with the Broker and Distributor Provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6 <u>Compliance Failure Notices</u>. If Procafecol provides written notice to GCC (a "**Compliance Failure Notice**") describing the failure of any Broker or Distributor to comply with any of the Broker and Distributor Provisions, then GCC shall take such action as Procafecol reasonably deems appropriate to address such failure within a reasonable time (but in no event more than thirty (30) days) following delivery of such Compliance Failure Notice. If such failure results in material harm, at the option of Procafecol or GCC, such action might include a termination of the Broker's and Distributor's rights with respect to the Authorized Products and/or a recall of some or all Authorized Products produced or distributed by such Broker and/or Distributor. In addition, GCC shall diligently pursue such actions as GCC reasonably deems appropriate to resolve the issues raised in any Compliance Failure Notice.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7 GCC shall require the Broker or Distributor to comply with the terms, conditions, and obligations applicable to the Broker or Distributor under this Agreement. GCC shall promptly and timely notify Procafecol of any breach by a Broker or Distributor of such terms, conditions, and obligations of which GCC is aware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.8 The Authorized Product to be marketed under this Agreement requires the use of 100% Colombian green coffee supplied by the Federation, subject to the Supply Agreement. GCC shall be responsible to Procafecol for complying with and for requiring the Broker or Distributor to comply with this requirement, to the extent applicable to the Broker or Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.9 The quality of the Authorized Product shall be at least of the same quality as the products bearing the Juan Valdez® Brand manufactured and marketed by Procafecol, and at all times of sufficient quality to maintain the reputation and good name of the Juan Valdez® Brand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.10 The marketing of the Authorized Product shall comply with all applicable laws and regulations in the Authorized Territory. GCC shall require the Broker or Distributor to comply with the applicable laws and regulations in the Authorized Territory, to the extent applicable to the Broker or the Distributor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.11 The Authorized Product shall comply with all conditions and requirements that may be required in the Authorized Territory in connection with the use of expressions "Cafe de Colombia", "Colombian Coffee", "Colombian" certification mark or any variation thereof. GCC shall be responsible to Procafecol for requiring the Broker to comply with such conditions and requirements, to the extent applicable to the Broker.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.12 GCC shall adopt and maintain appropriate measures and controls to ensure the traceability, quality and safety of the Authorized Product, in all marketing activities, and it shall at all times comply with the Minimum Requirements, as applicable. GCC shall be responsible to Procafecol for requiring the Brokers and Distributors to adopt and maintain such measures and controls, to the extent applicable to each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.13 Procafecol and its Representatives shall have the right to conduct audits, inspections and/or verifications upon reasonable advance notice to GCC (and if required, with the presence of GCC) and the Broker and/or Distributor to confirm compliance with the terms, conditions and obligations of GCC, Broker and/or Distributor under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.14 Any breach by Broker and/or Distributor under this Agreement shall be deemed a breach by GCC under this Agreement for all legal purposes and remedies.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.15 The Parties may agree by unanimous agreement that Procafecol will carry out one or more marketing activities of the Authorized Product, in which case Procafecol shall bear responsibility relating to such marketing activities and shall indemnify GCC under Section 9 for any claims or damages resulting therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.16 GCC shall require each Broker to agree in writing to promote the Authorized Products in accordance with Brokers' Requirements set forth in **Annex F**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.17 GCC shall require each Distributor to agree in writing to distribute the Authorized Products in accordance with Distributors' Requirements set forth in **Annex G**.

**7. GCC OBLIGATIONS**. Without prejudice to the other obligations set forth in, or arising from, this development Agreement, GCC undertakes the following obligations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1 GCC shall manufacture directly and/or through the Roaster and, for marketing purposes, shall market, directly and/or through the Broker the Authorized Product in the Authorized Territory and in the Authorized Channel.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2 GCC shall obtain Procafecol's prior written approval of each Roaster and Broker it retains.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3 GCC shall refrain from involving in the manufacture or marketing of the Authorized Product a Roaster or Broker that has not been previously approved by Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4 GCC shall require the Roaster to comply with the terms, conditions and obligations set forth in this Agreement to the extent applicable to the Roaster.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5 GCC will require the Distributor and Broker to comply with the terms, conditions, and obligations set forth in this Agreement to the extent applicable to the Distributor and/or Broker.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6 GCC shall be liable to third parties for any defect in the workmanship, quality or safety of the Authorized Product, including defects attributable to the actions and omissions of the Roaster or the Broker.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7 GCC shall require that the Roaster and the Broker and Distributor process, obtain, maintain and update all authorizations, licenses and permits required by the competent authorities, local, state, federal and of any other order, that are required for the manufacture, packaging, labeling and marketing of the Authorized Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8 GCC shall be responsible for ensuring that the manufacture, marketing, and the Authorized Product comply with all applicable laws and regulations in the Authorized Territory.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9 GCC will prepare and deliver to Procafecol the reports required in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10 GCC shall pay the Commissions in accordance with the provisions of Section 11 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11 GCC shall allocate and invest the amounts established as the Marketing Commitment in accordance with Section 11.3 herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12 GCC shall refrain, and shall require that the Roaster and the Broker and Distributor to refrain, from altering or modifying the Authorized Product in any manner that is materially inconsistent with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.13 During the Term and for a reasonable time not to exceed five (5) years from the effective date of termination of this Agreement, GCC will keep accurate records of the sales of the Authorized Product, the Third-Party Providers and the Marketing Commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.14 GCC will allow and facilitate reasonable audits, inspections and verifications by Procafecol pursuant to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.15 GCC shall seek and obtain Procafecol's prior written approval of any packaging or labels bearing the Juan Valdez® Brand and any Marketing Materials, prior to release or publication in accordance with this Agreement (it being understood and agreed that once Marketing Materials are approved, GCC shall not be required to seek additional approvals for future uses of such Marketing Materials, unless material changes are made to such Marketing Materials).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.16 GCC shall comply with and require the Roaster, the Broker and the Distributor to comply with all laws, regulations, decrees and rulings of the competent authorities.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.17 GCC will promptly notify Procafecol of all formal communications or decisions issued by government authorities or entities in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.18 GCC will promptly (but in no event more than 72 hours) notify Procafecol of any event in which the Authorized Product must be recalled from the market.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.19 GCC will promptly notify Procafecol of any violation, infringement or unauthorized use of the Juan Valdez® Brand in the Authorized Territory of which it has knowledge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.20 For the benefit of Colombian coffee growers, GCC agrees to pay, at a minimum, the higher of (i) the "Fairtrade Minimum Pricing" (as determined by the Fairtrade Foundation (with a website at https://www.fairtrade.org.uk/)); or (ii) the then-current prices published by the Federacion Nacional de Cafeteros (with a website at https://federaciondecafeteros.org/wp), then in effect to farmers who sell coffee to GCC or its Affiliates for commercialization under the Juan Valdez® Brand .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.21 GCC covenants and agrees that it shall, at all times during the term of this Agreement, source and maintain an adequate supply of 100% Colombian green coffee procured from the Federation and related raw materials and supplies necessary to meet and fulfill GCC's ongoing obligations, including but not limited to, its financial, inventory management, sales commitments and any other obligations arising under this Agreement. GCC shall manage and monitor its supply chain effectively to prevent any shortfall in supply. In the event that GCC anticipates or encounters conditions that are likely to result in a material shortage of coffee, GCC shall promptly notify Procafecol of such condition and shall take all reasonable steps to procure from the Federation the required quantity of 100% Colombian green coffee to meet its obligations. GCC shall maintain records adequate to demonstrate its compliance with the provisions of this Section and shall make such records available to Procafecol upon reasonable request.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.22 Every six months, GCC shall furnish to Procafecol appropriate evidence that GCC expects to have sufficient funds (either cash flow projections or approved credit lines) to finance its business in connection with this Agreement for the next six (6) months. If this situation is not demonstrated at the measurement cut-off, the Parties will meet to jointly analyze how GCC will be able to finance the operation going forward.

**8. PROCAFECOL OBLIGATIONS AND COMMITMENTS**. Without prejudice to the other obligations set forth in, or arising from, this Agreement, Procafecol undertakes the following obligations, and otherwise agrees as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 Procafecol will not abandon or permit to lapse any Trademarks included in the Juan Valdez® Brand (or registrations thereof) in the Authorized Territory. Procafecol will not take any action inconsistent with this Agreement, and any transfer of any of its rights to the Juan Valdez® Brand shall be made subject to the rights of GCC under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 At all times during the term of this Agreement, Procafecol will maintain in effect all of the registrations for the Juan Valdez® Brand in connection with the Authorized Products at their expense. At GCC's request, they will submit applications for additional registrations of the Juan Valdez® Brand in the Authorized Territory to the extent that existing registrations do not cover the Trademarks in use pursuant to this Agreement or the existing registrations do not extend to all Authorized Products. Procafecol will use commercially reasonable efforts to prosecute all such applications.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 Procafecol will promptly notify GCC in writing of any actual or suspected infringement of the Juan Valdez® Brand by a third party of which it becomes aware and of any available evidence relating thereto. Procafecol will have the right (but not the obligation) to enforce the Juan Valdez® Brand in the Authorized Territory and control any related legal proceeding at their expense. Procafecol will notify GCC in writing as to whether they will assert an enforcement proceeding for infringement as soon as reasonable after becoming aware of the infringement. If they notify GCC of their election not to bring an enforcement action (or do not submit any notice to GCC in a reasonable period), GCC will have the right (but not the obligation) to bring any action with respect to such infringement and to control any related legal proceeding, and Procafecol will cooperate with GCC in such enforcement, including, if necessary, joining such enforcement action or bringing it in its own name at GCC's cost and expense. No Party will settle or consent to entry of judgment in any enforcement proceeding relating to infringement in the Authorized Territory without the prior written consent of the other Party, such consent not to be unreasonably withheld, conditioned or delayed. Any damages, settlement or other proceeds from any enforcement proceeding shall be distributed as follows: (i) to both Parties equally, until at least one Party has been completely reimbursed for all out-of-pocket costs and expenses incurred in connection with the enforcement proceeding, and then (ii) to the second Party, if applicable, until all remaining out-of-pocket costs and expenses of such enforcement proceeding have been reimbursed. To the extent any remaining proceeds relate to damages for the use of the Trademarks in connection with Authorized Products in the Authorized Territory, such proceeds shall be allocated among the Parties as follows: Procafecol shall receive a percentage of such proceeds equal to Commission percentage it then receives on Gross Sales, and all remaining proceeds will be distributed to GCC.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 Procafecol shall use their best efforts to cooperate with GCC in a timely manner to help ensure the success of the transactions contemplated in this Agreement including but not limited to (i) making themselves available for meeting both virtually and in-person to discuss strategy, plan marketing and provide requested materials, (ii) conducting site visits and addressing approval requests promptly, (iii) working diligently and in good faith on a unified marketing strategy with respect to the Juan Valdez® Brand, and (iv) otherwise working in a commercially reasonable manner and as good faith partners in the consummation and performance of the transactions contemplated by this Agreement.

**9. INDEMNITY**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 GCC shall defend, indemnify, and hold harmless Procafecol and its Affiliates, directors, officers, employees, and contractors, from any and all damages and other liability (including reasonable and documented attorneys' fees and costs) arising out of third-party claims arising from (a) any injury or damage, including, but not limited to, any personal or bodily injury or injury to property, resulting from defects in the Authorized Product, (b) any breach by GCC, and/or the Third-Party Providers of this Agreement; (c) any recall or seizure by a governmental authority, Procafecol, or any third party of any Authorized Product, or any alleged or actual violation by any Authorized Product manufactured, sold, marketed or advertised to the extent caused by GCC or resulting from GCC's negligence; (d) any alleged or actual infringement of any Trademark, or copyright in connection with any Authorized Product purchased hereunder caused by GCC, its contractors or agents (except to the extent the infringement resulted from the use of the Juan Valdez® Brand in accordance with the terms of this Agreement); (e) the negligence or willful misconduct or omission of GCC; (f) violation of applicable law, rules, or regulations by GCC; or (g) any act or omission of GCC under this Agreement which resulted in a material adverse effect on the Juan Valdez® Brand, but in each case excluding any claims to the extent arising out of acts or omissions of Procafecol or any of its Affiliates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 Procafecol shall defend, indemnify, and hold harmless GCC and its Affiliates, directors, officers, employees, and contractors, from any and all damages and other liability (including reasonable and documented attorneys' fees and costs) arising out of third-party claims against GCC arising from (a) any infringement of a Trademark or copyright arising from the use of the Juan Valdez® Brand in accordance with the terms of this Agreement, (b) any breach of this Agreement by Procafecol (c) the negligence or willful misconduct or omission of Procafecol; or (d) violation of applicable law, rules, or regulations by Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3 <u>Notice and Defense of Claims</u>. A Party entitled to indemnification pursuant to this Section 9 (the "**Indemnitee**") shall notify the other Party (the "**Indemnitor**") of the relevant third party claim no later than 30 days after its receipt of such claim; provided, however, the failure to so notify shall not affect the indemnification provided herein except to the extent the Indemnitee has been substantially prejudiced as a result of such failure. The Indemnitee will be entitled to participate in or assume the defense of any third-party claim upon notice to the Indemnitor; provided, however, that the selected counsel is reasonably satisfactory to the Indemnitee and the Indemnitor will thereafter consult with the Indemnitee from time to time with respect to such suit, action or proceeding. If the Indemnitor assumes such defense, the Indemnitee shall have the right to participate in the defense thereof. The Indemnitor shall only be liable for the fees and expenses of counsel employed by the Indemnitee if the Indemnitor has not assumed the defense. Each Party shall reasonably cooperate in the defense or settlement of the third-party claim. No Indemnitee shall admit any liability with respect to, or settle, compromise or discharge any third-party claim without the Indemnitor's prior written consent, which shall not be unreasonably withheld, conditioned or delayed. The Indemnitor, in the defense of any claim or litigation, shall not, except with the prior written consent of the Indemnitee, consent to the entry of any judgment or settlement (i) which does not include as an unconditional term thereof the giving by the claimant of a release from all liability in respect to such claim or litigation or (ii) which could reasonably be expected to restrict materially the conduct of business of Indemnitee or any of its affiliates.

**10. REPORTS**. GCC shall, at its own expense, prepare and deliver to Procafecol the following reports:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 Within the thirty (30) calendar days following the close of each Fiscal Quarter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reasonably detailed report of the Gross Sales of the Authorized Product to Authorized Retail Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined. The report will be expressed in United States dollars and signed by GCC's legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a reasonably detailed report of the Gross Sales of the Authorized Product to Authorized Institutional Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined. The report will be expressed in United States dollars and signed by GCC's legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 Not later than May 31 of each calendar year, GCC's Financial Statements as of December 31 of the immediately preceding year, signed by GCC's legal representative and an auditor or, in the auditor's absence, by a Certified Public Accountant in the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 Within forty-five (45) days following the close of each Fiscal Quarter, GCC's quarterly Financial Statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 Any other report that GCC shall deliver to Procafecol pursuant to the provisions of this Agreement.

**11. COMMISSIONS AND REINVESTMENT IN ADVERTISING**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 GCC will pay Procafecol a continuing, non-refundable commission (the "**Commission**"), calculated as a percentage of Gross Sales. The Commission shall be equal to 4.8% of Gross Sales for the first USD $40 million of Gross Sales, and once the aggregate Gross Sales are above USD $40 million, the Commission on Gross Sales in excess of USD $40 million shall be equal to 4.3% of Gross Sales. The Commission is due and payable within thirty (30) calendar days following the end of each Fiscal Quarter for the prior Fiscal Quarter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 The Commissions payable pursuant to this Agreement are exclusive of any and all sales, use, and value added taxes, which shall be payable by GCC. GCC will pay all federal, state, and local non-Colombian taxes that may be imposed on Procafecol as the result of receipt or accrual of the Commission, whether assessed against GCC through withholding or other means or whether paid by Procafecol directly. In either case, GCC shall pay Procafecol (and to the appropriate governmental authority) such additional amounts as are necessary to provide Procafecol, after taking such non-Colombian taxes into account (including any additional taxes imposed on such additional amounts), with the same amounts that Procafecol would have received or accrued had such withholding or other payment, whether by GCC or by Procafecol, not been required.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 In addition, beginning on the first anniversary of the Effective Date, GCC will allocate and reinvest annually at least a sum equal to 5% of the prior year's Gross Sales in brand awareness, marketing and advertising of the Authorized Product (the "**Marketing Commitment**"). Prior to the end of the initial five (5) year period, the Parties agree to conduct a full review in order to agree on a new annual Marketing Commitment to be applicable following the end of the initial five (5) year period. For the verification of this obligation, advertising, marketing, campaigns and any other brand investment expenses will be counted as long as they are made for ATL and BTL advertising according to approved Marketing Plan, but excluding GCC's internal and exclusive independent contractor labor expenses and employee salaries of GCC and its Affiliates. Upon reasonable notice, GCC shall deliver to Procafecol and Procafecol may require GCC to provide documents demonstrating compliance with this obligation. Procafecol reserves the right to audit or verify compliance with Marketing Commitment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.4 All unpaid Commissions shall accrue default interest, as of the date of enforceability, at an interest rate 0.25% per month. GCC acknowledges and understands that this provision does not and shall not be construed as an agreement or acceptance of any kind by Procafecol to accept overdue payments, or a commitment to extend credit or to finance GCC's operation. GCC further acknowledges and understands that the payment of interest does not limit Procafecol's termination rights for late payments under this Section 11. In the event of a wrongful or attempted wrongful termination of this Agreement by Procafecol or a termination of this Agreement due to a Procafecol breach, without limiting GCC's other rights and remedies hereunder, GCC may, at its sole discretion, seek damages equal to all amounts GCC has paid under the Marketing Commitment during the Term of this Agreement, which claim shall in any case be decided by the competent authority pursuant to the dispute resolution provision of this Agreement.

**12. INTELLECTUAL PROPERTY**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 Each Party is the owner of its own Intellectual Property Rights, including technology invested in and developed in connection with this Agreement, and, therefore, has an exclusive right of use over them, the existence of which is expressly acknowledged by the other Parties. Except as expressly set forth in this Agreement, no Party grants any other Party a right to use their Intellectual Property Rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 Any use of Juan Valdez® Brand must be previously authorized in writing by Procafecol in accordance with the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 GCC and Third-Party Providers may not include or use the Juan Valdez® Brand as part of their legal name trade name, or corporate name.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 GCC and Third-Party Providers may not modify, alter, remove, cover, mutilate, deform or in any way change the Trademarks included in the Juan Valdez® Brand in terms of their colors, fonts, proportions, among others, that are stamped on the packaging of the Authorized Product or in the Marketing Material other than in accordance with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 Except for the authorization under this Agreement, GCC acknowledges and understands that Procafecol is not granting them license, franchise, or assignment rights in the Juan Valdez® Brand. Therefore, as between the Parties, Procafecol will continue to be the exclusive owner or licensee of the Juan Valdez® Brand and GCC and Third-Party Providers do not acquire any right, title or interest in the Juan Valdez® Brand other than as provided in this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 <u>Derivative Intellectual Property</u>. Procafecol shall retain all right, title, and interest, including all Intellectual Property Rights, in and to all packaging designs, labels, logos, brand names, textual works, Marketing Materials, Modifications to Marketing Materials, as well as any GGC Prepared Materials, in connection with the promotion, advertising, or sale of the Authorized Products bearing or incorporating any of the Juan Valdez® Brands (collectively, "**Derivative IP**"). GCC hereby agrees to assign and does assign to Procafecol all rights, title, and interest in and to any Derivative IP created, used, or developed by GCC, its employees, subcontractors, agents, or affiliates in connection with the Authorized Products. GCC agrees to perform, during and after the term of this Agreement, all acts Procafecol deems reasonably necessary to perfect the full ownership of such rights by Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 <u>Formulas and Recipes</u>. During the Term of this Agreement, Procafecol shall be granted full access to any and all formulas and recipes related to the Authorized Products that GCC may develop, refine, utilize, or otherwise discover with or without Procafecol's collaboration and/or input (the "**Joint IP**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon the creation or discovery of such Joint IP by GCC, Procafecol shall be provided with detailed information and documentation sufficient to understand and utilize such Joint IP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Each Joint Owner shall have the right to use, exploit, copy, distribute, perform, display, create derivative works from, and otherwise make use of the Joint IP ("**Exploit**") without the obligation to account to the other Joint Owner for any proceeds resulting therefrom.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Each Joint Owner is hereby granted the independent authority to grant licenses or sublicenses to any third party under the Joint IP. Such licenses may be exclusive or non-exclusive, and may be granted with or without the obligation to render accounts, royalties, or other consideration to the other Joint Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) In dealing with the Joint IP, each Joint Owner shall have the right to act in all respects as if they were the sole owner of the Joint IP, irrespective of the undivided interest of the other Joint Owner. This includes but is not limited to the rights to modify the Joint IP, to combine it with other works, to bring proceedings for infringement, and to engage in any and all activities as would a sole owner of intellectual property.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) While not required, each Joint Owner is encouraged to notify the other of any significant licensing arrangements or other commercial exploitation of the Joint IP, solely as a courtesy and in the spirit of mutual professional respect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) Nothing in this Agreement shall be construed to limit or otherwise impair the independent authority of each Joint Owner as articulated herein, nor shall any action undertaken by one Joint Owner in accordance with this Section be deemed to require the consent or approval of the other Joint Owner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) This <u>Section 12.7</u> shall be incorporated into any agreement governing the creation or use of Joint IP and shall supersede any contradictory terms related to the rights of the Joint Owners. The parties agree to execute any additional documents necessary to give full effect to the terms of this Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 <u>Restrictions on Use of Joint IP</u>. While this Agreement is in effect, each Joint Owner agrees not to use the Joint IP to produce, market, or sell any products that directly compete with the Authorized Products within the Authorized Territory or through the Authorized Channels. It is expressly understood that the Joint IP shall not be used by any Joint Owner to develop, manufacture, market, or distribute products that are similar to or compete with the Authorized Products within the Authorized Territory and through the Authorized Channels during the term of this Agreement. Each Joint Owner retains the right, however, to create, manufacture, market, distribute, or sell products using the Joint IP ("**Competitive Products**") provided that such activities are conducted exclusively outside of the Authorized Territory and through channels other than the Authorized Channels ("**Permitted Competitively Active Area**"). For avoidance of doubt, such Competitive Products must not be distributed back into the Authorized Territory or through the Authorized Channels by any means, including but not limited to, third-party distributors or E-Commerce Platforms that may reach customers within the Authorized Territory. Each Joint Owner hereby acknowledges their understanding and agreement that this restriction is essential to maintain the commercial integrity and market value of the Authorized Products within the Authorized Territory and through the Authorized Channels. The Parties agree that any breach of this provision would cause irreparable harm to the market of the Authorized Products. This Section 12.8 shall be binding upon the Joint Owners, their affiliates, successors, and assigns, and shall be enforceable for the duration of the Agreement. Upon the expiration or earlier termination of the Agreement, the restrictions set forth in this Section 12.8 shall cease to have effect.

**13. TERM AND TERMINATION**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1 <u>Term</u>. Subject to the provisions hereof, the term of this Agreement shall commence on the Effective Date and shall be effective for a period of ten (10) years from the Effective Date, unless sooner terminated (the "**Term**"). GCC and Procafecol will discuss at least twelve (12) months prior to the end of the Term of this Agreement whether or not the Parties will extend the Term of this Agreement and, if they agree to so extend the Term, under what terms and conditions such extension will occur.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2 <u>Right of renewal</u>. In the event that the Parties do not otherwise agree to an extension of the Term under <u>Section 13.1</u>, but where (i) the aggregate Gross Sales of the twelve-month period ending on the close of the first Fiscal Quarter of the last year of the Term are equal to, or higher than, USD $150,000,000 and (ii) there are no actual events of default under this Agreement, GCC will be entitled to renew the Agreement for a successive ten-year period. The Parties acknowledge and agree that in the event of any such extension of the Term, the Minimum Sales Requirements shall be equal to or higher than the Minimum Sales Requirements for the initial Term. The term of this Agreement including any subsequent renewal period shall in no event exceed the term of the License Agreements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3 <u>Termination by GCC</u>. GCC may, in addition to all other rights and remedies, terminate this Agreement for any reason upon prior written notice to Procafecol and subject to winding-down provisions set forth in Section 14 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4 <u>Termination by Procafecol</u>. Upon the occurrence: of any one or more of the following events, in addition to all other rights and remedies, Procafecol, at its sole discretion, may elect to terminate this Agreement, effective upon delivery of written notice to GCC or following the cure period set forth herein and GCC has not cured any such default (as applicable):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) GCC fails to pay any undisputed amounts due to Procafecol or any of its Affiliates (whether arising under this Agreement, any other Related Agreement or otherwise) and does not correct such failure within thirty (30) days after written notice of such failure is delivered to GCC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) GCC violates its obligations under Sections 15.1, 15.2 or 15.3 of this Agreement;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) GCC conducts, directly or indirectly, any sale of Authorized Product outside the Authorized Territory or the Authorized Channels;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) GCC fails to allocate and/or invest the Marketing Commitment;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) GCC makes any material unauthorized use of the Juan Valdez® Brand, or fails to take reasonable action against any of its Affiliates, employees, representatives or contractors (including any Third-Party Provider) who engage in such conduct;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) GCC or any Third-Party Provider or other contractor of GCC unreasonably interferes with any of the inspection or audit rights of Procafecol;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) GCC manufactures or sells, directly or indirectly, any products that are not the Authorized Products that incorporate the Juan Valdez® Brand;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) GCC receives three (3) or more valid Compliance Failure Notices under <u>Section 3.7</u> and <u>Section 6.6</u> within any period of twelve (12) consecutive months, or fails to take any action reasonably specified by Procafecol and required under this Agreement with respect to a Compliance Failure Notice within thirty (30) days after Procafecol delivers to GCC written demand to take such action;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) GCC makes or attempts to make an unapproved transfer in violation of <u>Section 24</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any other Related Agreement expires or is terminated for any reason as a result of a breach thereof by GCC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) GCC materially breaches any other provision of this Agreement, including any Minimum Requirements, and does not correct such breach in all material respects within thirty (30) days after written notice of such breach is delivered to GCC;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) GCC becomes insolvent in the sense that its liabilities exceed its assets or by reason of GCC's inability to pay its debts or admission of its inability to pay its debts; a final judgment is entered against GCC and remains unsatisfied or unbonded of record for ninety (90) days or longer; GCC makes an assignment for the benefit of creditors or takes similar measures; GCC files a voluntary petition in bankruptcy or a similar proceeding, files any pleading seeking any reorganization, liquidation or dissolution under any law, admits or fails to contest the material allegations of any such pleading filed against it, or is adjudicated bankrupt or insolvent; GCC has a receiver, trustee, liquidator or other person acting in a comparable capacity appointed for a substantial part of its assets; or the dissolution of GCC for any cause whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) GCC had engaged a Roaster of the Authorized Product without the prior written approval of Procafecol as required under the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(n) GCC has engaged a Broker or Distributor of the Authorized Product without the prior written approval of Procafecol as required under the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(o) GCC has omitted material information from any report issued by GCC under this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(p) GCC's failure to meet the Minimum Sales Requirements for two (2) consecutive years.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(q) GCC's violation of Section 24 of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(r) GCC knowingly uses coffee that is not 100% Colombian coffee procured by Federation in the manufacture of the Authorized Product.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5 <u>Termination by Mutual Agreement</u>. This Agreement may be terminated upon mutual written consent of the Parties immediately or at such other time as the Parties may agree in the written consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.6 <u>Termination for Legal Violations</u>. This Agreement may be terminated by either Party if the performance or business of the Parties or their Affiliates in connection with this Agreement will violate any applicable laws or regulations upon written notice to the other Party.

**14. RIGHTS AND OBLIGATIONS UPON TERMINATION OR EXPIRATION OF THIS AGREEMENT**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1 <u>Payment of Amounts GCC Owes</u>. Within thirty (30) days after the effective date of termination, GCC shall pay to Procafecol and its Affiliates all Commissions, fees and other amounts owed to Procafecol or its Affiliates under any of the Related Agreements which are then unpaid (regardless of whether they are then due).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.2 <u>Trademarks and Procafecol Confidential Information</u>. Except as expressly indicated herein, upon termination of this Agreement, all rights and authorizations granted hereunder shall automatically terminate. Within fifteen (15) days after the effective date of termination, GCC shall destroy, and shall ensure that each Third-Party Provider destroys, all materials bearing any Trademark and Proprietary Items then in its possession, other than assets to be sold pursuant to <u>Section 14.4</u> below, and shall not thereafter use any such items for any purpose. Within fifteen (15) days after the effective date of termination of this Agreement, GCC shall return and/or deliver to Procafecol all materials incorporating any of the Procafecol Confidential Information. From and after the last day of the term of this Agreement, GCC shall not directly or indirectly at any time or in any manner identify itself as a current or former manufacturer, seller or distributor of the Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.3 <u>Survival</u>. The provisions of Sections 12.7 and 23 will survive termination or expiration of this Agreement for any reason.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.4 <u>Effects of Termination</u>. In the event this Agreement terminates for any reason, the following terms shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Parties agree that, from the day of termination of the Agreement, for any reason, GCC shall cease acceptance of new orders of Authorized Products; however, for a period of one hundred and eighty (180) calendar days after termination, GCC shall be permitted to fulfill existing orders for Authorized Products under the terms of this Agreement and shall have a period of one hundred and eighty (180) calendar days following the date of termination of the Agreement to exhaust inventory of the Authorized Product manufactured in compliance with this Agreement (the "**Exhaustion Period**"). GCC shall pay the Commissions caused by the sales of the Authorized Product during the Exhaustion Period, under the terms of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Within five (5) Business Days following the expiration of the Exhaustion Period, GCC shall sell to Procafecol or destroy all units of Authorized Product, Marketing Materials, samples, packaging, labels, stationery, and any other printed or digital materials, items, or files containing the Juan Valdez® Brand in GCC's and/or Third-Party Providers' possession. Procafecol reserves the right to audit compliance with this obligation.

**15. NEGATIVE COVENANTS**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.1 <u>Non-Competition</u>. GCC recognizes and understands that the dedication of efforts and resources for the positioning and penetration of the Authorized Product is an essential element and determining cause for the execution of this Agreement. Therefore, during the Term of this Agreement, GCC may not, by itself, or through any Person or Third-Party Provider, manufacture, market or sell in the Authorized Territory any branded roasted coffee that is 100% Colombian (other than the Authorized Products, white-label products, wholesale non-branded products and GCC's existing products such as its Abira coffee products).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.2 During the Term of this Agreement, GCC may not, by itself, or through any Person or Third-Party Provider, manufacture, market or sell in the Authorized Territory any roasted coffee from an origin other than Colombia, provided that, if the aggregate Gross Sales within a period of twelve consecutive months are equal to, or higher than, USD $90,000,000, this <u>Section</u> 15.2 shall no longer be in force.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.3 <u>Discontinuation of Current GCC Product</u>. GCC acknowledges and agrees that it shall proceed with the discontinuation of the Current GCC Product within the Authorized Territory on or before six (6) months following the Effective Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15.4 <u>No Compensation</u>. GCC recognizes that any enhancement of the goodwill or customer base of the Authorized Products will be mainly attributable to the Juan Valdez® Brand and the other intellectual property owned by Procafecol and its Affiliates and that GCC has no right to compensation for such enhancement of goodwill or customer base.

**16. INDEPENDENCE OF THE PARTIES AND NON-REPRESENTATION**.

The Parties shall execute this Agreement independently, by their own means, with their own organization and resources, and shall maintain their technical, financial and administrative autonomy for the execution of the obligations arising from this Agreement. None of the Parties shall be construed to be an agent of any other Party.

**17. NO EMPLOYMENT RELATIONSHIP**.

Taking into account that the Parties will execute this Agreement independently, autonomously and at their own risk, the Parties are independent contractors, and there shall be no employment relationship between GCC, on the one hand, and Procafecol on the other hand, or with any Party or any Roaster, any Broker, nor any of the parent or controlling companies, Affiliates, subordinates, subsidiaries, related companies, employees, officers, agents, partners or shareholders of any of the Persons mentioned in this paragraph.

**18. GOVERNING LAW**.

This Agreement shall be governed by and construed in accordance with the laws of the State of New York, excluding any conflict of law rules that would lead to the application of other substantive law.

**19. DISPUTE RESOLUTION**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.1 <u>Arbitration</u>.

The Parties agree that any dispute arising under this Agreement that cannot be resolved amicably by informal efforts will be finally resolved by binding arbitration according to the applicable rules of the International Chamber of Commerce (the "**ICC**"). The arbitration will be conducted by a single arbitrator, chosen by mutual agreement of the Parties, who is knowledgeable regarding the subject matter of the dispute. If the Parties are unable to agree upon the selection of the arbitrator within ten (10) days following one Party's request for arbitration, the arbitrator will be chosen by the ICC. The Parties agree that the arbitration shall be conducted in Miami, Florida. The arbitrator will have the authority to order discovery, but depositions, interrogatories and discovery will otherwise be limited as reasonably determined by the arbitrator. The arbitrator will base his or her decision solely on applicable law and will provide a written statement of all findings of fact and law. The arbitrator will have the authority to award monetary direct damages consistent with this Agreement, subject to applicable exclusions of remedies and limitations of liability set forth in this Agreement. The arbitrator may order injunctive relief to stop or prevent any breach. Notwithstanding any of the foregoing, in no event may any dispute regarding the ownership or validity of Procafecol's owned or licensed Trademarks be submitted to arbitration. The Parties shall equally share the fees charged by the arbitrator and the ICC, but they shall otherwise bear their own expenses incurred in connection with conducting the arbitration and related discovery. Enforcement of the arbitrator's judgment may be sought in any court of competent jurisdiction. Notwithstanding the foregoing, either party may seek interim measures of protection, including but not limited to interim injunctive relief, in accordance with <u>Section 19.2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19.2 <u>Disputes Outside Arbitration</u>.

Any dispute that the Parties are permitted to litigate in court pursuant to this agreement shall be brought in the courts located within New York County, New York, USA, and the Parties each hereby consent to the personal jurisdiction of such courts. The Parties agree not to challenge the jurisdiction of the foregoing courts, and waive any and all objections to such courts, including but not limited to objections based on improper venue or inconvenient forum.

**20. SEVERABILITY**.

If any provision of this Agreement is held to be invalid or unenforceable, the meaning of such provision shall, to the extent possible, be construed so as to make the provision enforceable, and if no workable interpretation saves such provision, it shall be severed from the remainder of this Agreement, as appropriate. The remainder of the Agreement shall remain in full force and effect unless the severed provision is essential and material to the rights or benefits received by any Party.

**21. MISCELLANEOUS**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.1 Each Party shall bear its own costs in connection with this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.2 This Agreement and its Annexes constitute the entire agreement between the Parties and supersede, supersedes and replaces any prior agreements, promises, proposals, representations, understandings and negotiations, written or otherwise, between the Parties relating to the purpose of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.3 <u>Amendment</u>. This Agreement may be amended or modified only by a written instrument signed by authorized representatives of the Parties. The Parties acknowledge and agree that the rights granted herein by Procafecol are being granted pursuant to the License Agreements. Procafecol has the obligation to ensure that this Agreement reflects at all times the current terms and conditions under the License Agreements. As such, Procafecol shall inform GCC of any changes to the License Agreements that may affect any provision of this Agreement and requires an amendment to this Agreement. The Parties shall in good faith discuss any such amendments and shall enter into an amendment to this Agreement to reflect any such changes, provided, however, that GCC shall not be required to enter into any amendment and shall reserve all its rights hereunder to the extent that it would be reasonably foreseeable that the amendment would have a material adverse impact on the rights of GCC under this Agreement, any requirement to the contrary constituting a wrongful termination under this Agreement with GCC entitled to all rights and specified damages as a result thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.4 Each duplicate shall constitute an original of this Agreement, but together such counterparts shall constitute a single document.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.5 This Agreement shall enter into force on the Effective Date, by which date it shall be executed by all Parties. Until all Parties have signed the Agreement, this Agreement shall have no effect and no Party shall have any rights or obligations hereunder (whether under any other oral or written agreement or other communication).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21.6 The exchange of a fully executed Agreement (in duplicate or otherwise) by electronic transmission in PDF format shall be sufficient to bind the Parties to the terms and conditions of this Agreement.

**22. FORCE MAJEURE**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.1 In the event of the occurrence of an event that causes any failure or delay in rendering performance hereunder, which failure or delay does not involve the fault or negligence of the Party whose performance is affected, and which arises out of any event that is outside the reasonable control of the affected Party, including acts of God, acts of war, revolution, riots, civil commotion, acts of a public enemy, fire, earthquakes, floods or other similar natural disasters, economic sanctions, epidemics, pandemics, or other similar events (a "Force Majeure Event"), the affected Party shall notify the other Parties promptly and in writing.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.2 If the Force Majeure Event cannot reasonably be circumvented by the affected Party through the use of alternate sources, work-around plans, or other means, then such Party shall be excused from any further performance of the obligation(s) so affected for as long as such circumstances prevail and such Party continues to use its reasonable efforts to recommence performance or observance whenever and to whatever extent possible without delay.

**23. CONFIDENTIALITY**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1 Except as expressly and unambiguously allowed herein, the Recipient will not use or disclose the Confidential Information disclosed to it by the Discloser except as expressly permitted herein and will hold in confidence the Confidential Information of the Discloser using the same degree of care as it holds its own Confidential or proprietary information, but no less than a reasonable degree of care.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.2 Confidential Information shall not include information that: (a) is previously rightfully known to the Recipient without restriction on disclosure, (b) hereafter becomes known to the general public, through no act or omission on the part of the Recipient, (c) is disclosed to the Recipient by a third party without breach of any separate nondisclosure obligation, or (d) is independently developed by the Recipient without reliance on the Confidential Information of the Discloser.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.3 Upon the expiration or termination of this Agreement, except as necessary to effectuate surviving obligations, all of the Confidential Information of the Discloser (including any copies or digests thereof) will be returned to the Discloser, or, at the option of the Discloser, destroyed, and the Recipient will make no further use of such materials.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.4 If required by law, regulation or order of any government, government agency or court, the Recipient may disclose Confidential Information of the Discloser, but will give adequate prior notice of such disclosure to the Discloser to permit the Discloser to intervene and to request protective orders or other confidential treatment therefor, and will limit disclosure to only that information which it required to disclose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.5 The parties acknowledge that money damages will not be an adequate remedy if this <u>Section 23</u> is breached; either party may, in addition to any other legal or equitable remedies, seek an injunction or other equitable relief against such breach without the necessity of posting any bond or surety.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.6 Procafecol may from time to time and as in its opinion may be necessary, furnish GCC with such Confidential Information and know-how as is reasonably sufficient to enable GCC to market the Authorized Products in the Authorized Territory. GCC shall cause its employees, servants and agents during and after the termination of this Agreement and at all times to keep confidential the terms of this Agreement and all Confidential Information concerning the Authorized Products furnished by Procafecol.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.7 Neither Party nor any officer or employee of either Party shall make any statement or otherwise engage in activities that would be disparaging as to the Authorized Products or the other Party. For purposes of the foregoing, disparaging includes without limitation statements that reflects negatively on a Party or the Authorized Products, including any statement that disparages, damages, dilutes, tarnishes or reflects adversely on or injures in any way the other Party, the Juan Valdez® Brand or the Authorized Products.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.8 No Party may use or disclose the foregoing information unless the Recipient is authorized in writing by the other Party and shall be liable in particular for its employees, directors, advisors, shareholders and in general any of the persons to whom it has provided the information related to this Agreement. This confidentiality agreement will not be violated if any information is disclosed to a Roaster or Broker, bankers, investors, legal counsel, accountants, existing or prospective or other Persons working with or to be engaged by any of the Parties ("**Permitted Disclosees**") provided that such Permitted Disclosees are or are expected to be under obligations of confidentiality regarding the terms and conditions of this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.9 <u>Public Announcements.</u> Neither Party nor any of its Affiliates or Representatives shall (orally or in writing) publicly disclose, issue any press release or make any other public statement, or otherwise communicate with the media, concerning the existence of this Agreement or the subject matter hereof, without the prior written approval of the other Party (which shall not be unreasonably withheld, conditioned or delayed), except if and to the extent that such Party (based on the reasonable advice of counsel) is required to make any public disclosure or filing ("**Required Disclosure**") regarding the subject matter of this Agreement (i) by applicable Law, (ii) pursuant to any rules or regulations of any securities exchange of which the securities of such Party or any of its Affiliates are listed or traded, or (iii) in connection with enforcing its rights under this Agreement. In no case will any announcement be considered to be a "public announcement" under this Section if the Disclosee is under obligations of confidentiality regarding the terms and conditions of this Agreement.

**24. ASSIGNMENT AND SUBCONTRACTING**.

Other than the procedures required by <u>Section 8</u>, nothing in this Agreement will restrict Procafecol from assigning or transferring any Juan Valdez® Brand to any Person; provided that under no circumstances shall a transfer of any Juan Valdez® Brand have an effect on the rights granted to GCC under this Agreement, and the Juan Valdez® Brand will remain subject to this Agreement. GCC may not assign or transfer its rights or obligations to any Person without the prior written consent of Procafecol; provided, however, that GCC may assign this Agreement without their consent to (i) any of its Affiliates or (ii) a third party in connection with a sale of all or substantially all of the business of GCC, whether by sale of assets, sale of stock, merger or otherwise.

**25. INSURANCE**

The following list are minimum requirements of Procafecol and shall not be construed as either a limitation on GCC's obligation to defend, indemnify and hold Procafecol harmless from the risks arising from the performance of this Agreement or on GCC's right to obtain additional coverage and higher liability limits as GCC deems necessary. GCC shall maintain, at all times during the Term, insurance in the forms and amounts consistent with US market standards, including but not limited to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Commercial general liability insurance (including products liability and contractual liability coverage).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) For recalls, if GCC's general liability insurance coverage limits are not sufficient to meet Procafecol's needs, GCC may seek additional umbrella coverage at GCC's cost.

Such insurance must (i) be maintained with internationally well-known insurers, and (ii) be in the name of GCC. GCC will evaluate with insurers the inclusion of Procafecol and its Affiliates as an additional insured under the commercial general and umbrella/excess liability policies.

GCC will maintain coverages and policy limits at least for the term of this Agreement (including any subsequent renewal periods). GCC shall deliver to Procafecol upon the execution of this Agreement and annually thereafter a certificate of insurance for such coverage. The failure of GCC to provide such certificates to Procafecol shall not be deemed a waiver by Procafecol of GCC's insurance requirements.

**26. ANTI-CORRUPTION**.

Each Party represents and warrants that it is aware of, understands and has complied and will comply with, all applicable U.S. and foreign anti-corruption laws, including without limitation, the U.S. Foreign Corrupt Practices Act of 1977, the Corruption of Foreign Public Officials Act (S.C. 1998, c. 34), the Quebec Anti-Corruption Act, and the provisions related to bribery in the Canadian Criminal Code, the Colombian Law 2195 of 2022 and similarly applicable anti-corruption and anti-bribery laws ("Anti-Corruption Laws"). Each Party agrees that no one acting on its behalf will give, offer, agree or promise to give, or authorize the giving directly or indirectly, of any money or other thing of value, including travel, entertainment, or gifts, to anyone as an unlawful inducement or reward for favorable action or forbearance from action or the exercise of unlawful influence (a) to any governmental official or employee (including employees of government-owned and government-controlled corporations or agencies or public international organizations), (b) to any political party, official of a political party, or candidate, (c) to an intermediary for payment to any of the foregoing, or (d) to any other Person or entity in a corrupt or improper effort to obtain or retain business or any commercial advantage, such as receiving a permit or license, or directing business to any Person. Improper payments, provisions, bribes, kickbacks, influence payments, or other unlawful provisions to any Person are prohibited under this Agreement. GCC shall agree with each Third-Party Provider that they comply with substantially similar anti-corruption obligations.

**27. DRUG TRAFFICKING OR MONEY LAUNDERING**.

Each Party represents and warrants that it has not or has been involved in any activity prohibited or qualified by law as criminal. Either Party may unilaterally terminate this Agreement at any time, without prior notice, and without recognition of any form of indemnity or compensation, in the event that the other Party becomes: (i) convicted by competent authorities of drug trafficking crimes, terrorism, kidnapping, money laundering and/or related matters or (ii) included in money laundering control lists administered by any domestic or foreign authority including, without limitation, the Office of Foreign Assets Control of the United States Department of the Treasury and the United Nations.

**28. NOTIFICATIONS**.

Any notice, communication, delivery, request or request between the Parties in connection with this Agreement (the "Notice") shall be in writing and addressed to the following addresses:

---

| |
|:---|
| If to Procafecol:<br>Attn.: Pedro Antonio García Moncayo<br> Position: Legal Representative<br> Address: Calle 73 No. 8 - 13 Torre A Piso 3<br> Phone: 3269222<br> Email: servicios.administrativos@juanvaldezcafe.com<br>|
| to GCC:<br>Atn.: Boris Wüllner Garces<br> Position: Legal Representative<br> Address: Cl. 7 Sur #42 - 70, El Poblado, Medellín, Piso 24<br> Telephone: +573174404580<br> Email: boris.w@gcc-coffee.com |

---

Notices by courier or registered mail shall be deemed to have been received on the Business Day following delivery.

E-mail Notifications will be deemed to have been made when: (i) the sender receives the confirmation that the e-mail has been read, if it has been sent with that option, (ii) when the recipient confirms via e-mail the receipt of the communication, or (iii) five (5) Business Days after it was sent.

Any change to these addresses must be notified in writing to the other Party.

*(Remainder of page intentionally left blank, signature pages follow)*

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date set forth on the first page hereof.

---

| | |
|:---|:---|
| **GCC COFFEE COMPANY HOLDINGS, LLC** | **GCC COFFEE COMPANY HOLDINGS, LLC** |
| Signed: | /s/ Boris Wüllner Garces |
| Print Name: | Boris Wüllner Garces |
| Title: | Authorized Signatory |
| **PROCAFECOL S.A.** | **PROCAFECOL S.A.** |
| Signed: | /s/ Pedro Antonio Garcia Moncayo |
| Print Name: | Pedro Antonio Garcia Moncayo |
| Title: | Authorized Signatory |

---

**The Company agrees to furnish supplementally a copy of any omitted Annex**

**<u>ANNEX A</u>**

**SUPPLY AGREEMENT**

**<u>ANNEX B</u>**

**RETAIL CUSTOMERS**

**<u>ANNEX C</u>**

**E-COMMERCE PLATFORMS**

**<u>ANNEX D</u>**

**INSTITUTIONAL CUSTOMERS**

**<u>ANNEX E</u>**

**AUTHORIZED PRODUCTS**

**<u>ANNEX F</u>**

**BROKERS' REQUIREMENTS**

**<u>ANNEX G</u>**

**DISTRIBUTORS' REQUIREMENTS**

**<u>ANNEX H</u>**

**JUAN VALDEZ® BRANDS**

**<u>Annex i</u>**

**brand manual**

**<u>annex j</u>**

**roasters' requirements**

**<u>Annex K</u>**

**Minimum Sales Requirements**

## Ex1A-6

**Exhibit 6.2**

**FIRST AMENDMENT**

**TO**

**JOINT DEVELOPMENT AGREEMENT**

This First Amendment (this "**Amendment**") is effective as of August 9, 2024, (the "**Amendment Effective Date**") and amends in certain respects as set forth herein that certain Joint Development Agreement dated as of May 7, 2024 (the "**Agreement**"), entered into by Green Coffee Company Holdings, LLC, a limited liability company organized under the laws of the State of Delaware, USA ("**GCC**"), and Promotora de Café Colombia S.A., a corporation organized under the laws of the Republic of Colombia ("**Procafecol**"). GCC and Procafecol may be referred to individually as a "**Party"** and collectively as the "**Parties"** in this Amendment.

**RECITALS**

**WHEREAS**, the Parties entered into the Agreement, whereby they agreed to cooperate in the development and manufacture of certain Authorized Products using 100% Colombian coffee.

**WHEREAS**, the Parties now desire to amend the Agreement to include certain new terms for the manufacture, marketing, sale and distribution of additional non-alcoholic Juan Valdez® 100% Colombian coffee-based beverages and Juan Valdez® merchandise items, not contemplated under the Agreement by amending **Annex E** (Authorized Products) and by incorporating a new **Annex L** covering the requirements for the joint development of such new products, as well as by modifying certain terms of the Agreement as set forth in this Amendment.

**WHEREAS**, after examination by the Commission on Business with Third Parties, the Trademarks and Patents Committee of the Federation authorized the execution of this Amendment at a meeting held on July 2, 2024, pursuant to the License Agreements.

**WHEREAS**, the Board of Directors of Procafecol authorized the execution of this Agreement at a meeting held on July 15, 2024, pursuant to the bylaws of Procafecol.

**NOW, THEREFORE,** for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, contract and agree as follows:

**1. GENERAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 Defined Terms; References**. All capitalized terms used in this Amendment and not otherwise defined herein have the meanings set forth in the Agreement. All references to Sections, Schedules, Exhibits, Attachments, Addenda and any other documents refer to those respective portions of the Agreement unless otherwise specified in this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 Incorporation of Recitals; Conflicts**. The Parties acknowledge and agree that: (a) the recitals at the beginning of this Amendment are incorporated into the Amendment; and (b) in the event of a conflict between the terms amended pursuant to this Amendment and the other terms of the Agreement (as previously amended), the terms of this Amendment control. Except as and to the extent expressly modified by this Amendment, the Agreement remains in full force and effect in all respects without any modification.

**2. AGREEMENT REVISIONS AND ADDITIONS**

**2.1 Amendment to Definitions. Section 1 (Defined Terms)** of the Agreement hereby is amended to modify or add, as applicable, the following defined terms:

"**Authorized Product(s)**" refers, collectively, to (i) the 100% Colombian roasted coffee, packaged and identified with the Juan Valdez® Brands, and (ii) any other products approved by Procafecol from time to time under this Agreement, including, but not limited to, the New Products set forth in **Annex E**. The initial list of the Authorized Products is set forth in **Annex E** of this Agreement and a list of additional New Products is hereby added to such **Annex E**, which may be updated from time to time upon the mutual agreement of the Parties.

Amendment to Joint Development Agreement Page 1

"**Maquila(s)**" o "**Maquiladora(s)**" refers to (i) any Person involved in the business of manufacturing coffee-based beverages in plants or factories whether in Colombia or in the Authorized Territory, and (ii) any Person involved in the business of manufacturing merchandise items in plants or factories whether in Colombia, the Authorized Territory or elsewhere; which have been pre-approved by Procafecol and engaged by GCC for the manufacture of the New Products.

"**Maquilas' Requirements**" means the minimum requirements to be followed and achieved by each Maquila during the manufacture, packaging and labelling process (as applicable) of the New Products as set forth in **Annex L** hereto.

"**Minimum Requirements**" means each of the Roasters' Requirements, Maquilas' Requirements, the Brokers' Requirements and the Distributors' Requirements.

"**Minimum Sales Requirements**" means (i) those annual targets for the minimum sales values of the Juan Valdez® 100% Colombian roasted coffee products as provided on **Annex K** for each year of the initial Term of this Agreement, and (ii) those annual targets for the minimum sales values of the New Products as provided on **Annex K-2** incorporated in this Amendment, for each year of the first six (6) years from the Amendment Effective Date.

"**New Products**" means (i) the non-alcoholic Juan Valdez® 100% Colombian coffee-based beverages and (ii) the Juan Valdez® merchandise items, listed in **Annex E** to this Agreement. New Products are considered Authorized Products under this Agreement.

"**Third-Party Provider**" means each of the Brokers, Distributors, Roasters and Maquiladoras.

**2.2 Amendment to Section 2.1.** Section 2.1 of the Agreement is amended and restated in its entirety to read as follows:

**"2.1.** <u>Grant of Rights</u>. Subject to the provisions hereof, Procafecol hereby appoints and authorizes GCC, and GCC accepts the appointment, upon the terms and conditions of this Agreement, to manufacture, directly and/or through one or more Roasters and/or Maquiladoras, and to market, sell and distribute, directly and/or through one or more Brokers and/or Distributors, the Authorized Products solely through the Authorized Channels in the Authorized Territory.**"**

**2.3 Addition of New Section 2.12.** A new Section 2.12 is hereby added to the Agreement as follows:

**"2.12.** <u>Expansion of the Agreement for New Products</u>. For the purposes of this Agreement, all provisions, obligations, and rights set forth herein, including in this Section 2 and all following Sections and Annexes of this Agreement, that are generally applicable to Roasters shall equally apply, mutatis mutandis, to Maquiladoras engaged by GCC for the manufacturing, processing, or production of Authorized Products under the Juan Valdez® Brands. The term *'mutatis mutandis'* shall mean that the necessary changes are being made so that such provisions applicable to Roasters shall be adapted to the Maquiladoras in a manner that respects the intent and purpose of such provisions, ensuring parity of obligations and rights, and consistent adherence to the quality, standards, and procedures as stipulated in the Agreement for Roasters. Any references to **Annex J** for Roasters are hereby amended to include "and **Annex L**" for Maquiladoras".

Amendment to Joint Development Agreement Page 2

**2.4 Addition of New Section 2.13.** A new Section 2.13 is hereby added to the Agreement as follows:

**"2.13.** <u>Exclusivity and New Product Expansion Clause</u>: Subject to the terms of this Agreement, including meeting any applicable Minimum Sales Requirements, GCC shall have (i) the exclusive right (even as to Procafecol) to manufacture, market, sell and distribute non-alcoholic Juan Valdez® 100% Colombian coffee-based beverages solely through the Authorized Channels within the Territory, and (ii) the non-exclusive right to manufacture, market, sell and distribute Juan Valdez® merchandise items solely through the Authorized Channels within the Territory.**"**

**2.5 Amendment to Section 3.1.** Section 3.1 of the Agreement is amended and restated in its entirety to read as follows:

**"3.1.** GCC will manufacture the Authorized Products within Colombia and/or the Authorized Territory directly and/or through Procafecol authorized Roasters and Maquiladoras, as applicable as per each Authorized Product, and in accordance with the terms and conditions set forth in this Agreement. For purposes of this Agreement, "Manufacturing" means, as applicable, roasting, processing, fabricating, assembling, producing, maquila, packing and labeling of the Authorized Product.**"**

**2.6 Amendment to Section 3.2.** Section 3.2 of the Agreement is amended and restated in its entirety to read as follows:

**"3.2.** The manufacture of Authorized Product(s) by GCC and/or any Roaster or Maquiladora shall be, as applicable, subject to compliance with (i) the specifications and Roasters' Requirements set forth in **Annex J** (the "**Roasting Standards**"); (ii) the specifications and Maquilas' Requirements set forth in **Annex L** ("**Maquilas' Standards**"); and (iii) any other specification agreed to between the Parties during the joint product creation efforts, which they agree to engage in, in good faith, immediately following the Effective Date. Unless otherwise approved by Procafecol, the Authorized Product creation efforts shall be consistent with the current Trademark Guidelines and Brand Manuals of Procafecol.**"**

**2.7 Amendment to Section 3.3.** Section 3.3 of the Agreement is hereby amended by adding a new subsection (h) to read as follows, the rest of the clause remains the same except as amended by Section 2.12 of this Amendment:

**"3.3.** […]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) In the event of separation or cessation of services by any Maquiladora engaged in the manufacturing, processing, or production of coffee-based products under this Agreement, GCC shall be obligated to present a detailed business continuity plan within thirty (30) days of such event. This continuity plan shall be designed to ensure uninterrupted production and supply of the coffee-based products and shall be effectively implemented within a maximum period of six (6) months from the date of Maquiladora separation. The period of time during which a Maquiladora is not available or operational shall not interfere with GCC's obligations to comply with the Minimum Sales Requirements (New Products) set forth in **Annex K-2** and to provide continuity on the business and shall in no way cause the reduction of the sales targets and goals as outlined in the Agreement. GCC is required to maintain its performance objectives and meet the stipulated sales targets regardless of a Maquiladora's operational status.**"**

Amendment to Joint Development Agreement Page 3

**2.8 Amendment to Section 10.1**. Section 10.1 of the Agreement is amended and restated in its entirety to read as follows:

"**10.1.** Within the twenty-five (25) calendar days following the close of each Fiscal Quarter:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) a reasonably detailed report of the Gross Sales of each of the Authorized Products to Authorized Retail Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined per Authorized Product. The report will be expressed in United States dollars and signed by GCC's legal representative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a reasonably detailed report of the Gross Sales of each of the Authorized Products to Authorized Institutional Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined per Authorized Product. The report will be expressed in United States dollars and signed by GCC's legal representative."

**2.9 Amendment to Annex E.** The Agreement is amended to incorporate a new version of **Annex E – Authorized Products** (attached below) adding the New Products to the list of Authorized Products.

**2.10 Addition of Annex K-2**. The Agreement is amended to incorporate a new **Annex K-2 – Minimum Sales Requirements (New Products)** (attached below).

**2.11 Addition of Annex L.** The Agreement is amended to incorporate a new **Annex L – Maquilas Requirements** (attached below).

**3. MISCELLANEOUS OF THIS AMENDMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 Authority**. Each Party represents and warrants to the other Party that this Amendment is being executed by the authorized representative of such Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 Counterparts; Electronically Transmitted Documents and Signatures**. This Amendment may be executed in one or more counterparts, each of which are deemed an original and all of which together constitute one and the same instrument, it being understood that the Parties need not sign the same counterpart. A manual signature on this Amendment, which image is transmitted electronically, will constitute an original signature for all purposes. The delivery of this Amendment, including signature pages, may be transmitted or exchanged by the Parties by way of exchanging (a) signed originals, (b) by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, including sending in portable document format (PDF) via email, or (C) any combination of any such means, and the Parties hereby adopt as original any such documents received. Delivery of such documents by any electronic means will have the same effect as physical delivery of the paper document bearing the original signature.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 Entire Agreement**. This Amendment, together with the Agreement, sets forth the entire agreement between the Parties, and there are no representations, agreements, arrangements or understandings, oral or written, between the Parties relating to the subject matter of this Amendment, which are not fully expressed herein. This Amendment may not be changed or terminated orally or in any manner other than as permitted by the Agreement or pursuant to a written agreement executed by both Parties*.*

***SIGNATURE PAGE TO FOLLOW***

Amendment to Joint Development Agreement Page 4

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Amendment Effective Date.

---

| | |
|:---|:---|
| **GREEN COFFEE COMPANY HOLDINGS, LLC** | **GREEN COFFEE COMPANY HOLDINGS, LLC** |
| By: | /s/ Boris Wüllner Garces |
| Name: | Name: |
| Boris Wüllner Garces | Boris Wüllner Garces |
| Title: Authorized Signatory | Title: Authorized Signatory |
| **PROCAFECOL S.A.** | **PROCAFECOL S.A.** |
| By: | /s/ Pedro Antonio Garcia Moncayo |
| Name: Pedro Antonio Garcia Moncayo | Name: Pedro Antonio Garcia Moncayo |
| Title: Authorized Signatory | Title: Authorized Signatory |

---

Amendment to Joint Development Agreement Page 5

**The Company agrees to furnish supplementally a copy of any omitted Annex**

**<u>ANNEX E</u>**

**AUTHORIZED PRODUCTS**

Amendment to Joint Development Agreement

**<u>Annex K-2</u>**

**Minimum Sales Requirements**

**(new products)**

Amendment to Joint Development Agreement

**<u>ANNEX L</u>**

**MAQUILAS' REQUIREMENTS**

Amendment to Joint Development Agreement

## Ex1A-6

**Exhibit 6.3** 

**SECOND AMENDMENT**

**TO**

**JOINT DEVELOPMENT AGREEMENT**

This Second Amendment (this "**Amendment**") is effective as of February 2<sup>nd</sup>, 2026, (the "**Amendment Effective Date**") amends that certain Joint Development Agreement dated as of May 7, 2024 (the "**Agreement**"), as amended, entered into by Green Coffee Company Holdings, LLC, a limited liability company organized under the laws of the State of Delaware, USA ("**GCC**"), and Promotora de Café Colombia S.A., a corporation organized under the laws of the Republic of Colombia ("**Procafecol**"). GCC and Procafecol may be referred to individually as a "**Party"** and collectively as the "**Parties"** in this Amendment.

**RECITALS**

**WHEREAS**, the Parties entered into the Agreement, whereby they agreed to cooperate in the development and manufacture of certain Authorized Products using 100% Colombian coffee.

**WHEREAS**, on August 9, 2024, the Parties entered into that certain First Amendment (the "**First Amendment**") to the Agreement to include certain new terms for the manufacture, marketing, sale and distribution of additional non-alcoholic Juan Valdez® 100% Colombian coffee-based beverages and Juan Valdez® merchandise items.

**WHEREAS**, since the execution of the Agreement, the Parties have been working diligently to complete the foundational elements required to bring Authorized Products to market, including:

&nbsp;&nbsp;&nbsp;&nbsp;a) Development of Authorized Product assortment
 for the US and Canada (bagged coffee and espresso, K-cup individual pods, and ready-to-drink
 canned coffees/lattes).

&nbsp;&nbsp;&nbsp;&nbsp;b) Development of new package designs tailored
 to the North American coffee consumer and delivering leading merchandising standards on shelf.

&nbsp;&nbsp;&nbsp;&nbsp;c) Selection of manufacturing facilities
 meeting quality and safety standards for premium Colombian coffee production.

&nbsp;&nbsp;&nbsp;&nbsp;d) Development of new network of GCC direct
 and broker sales coverage for the US and Canadian markets across targeted channels (grocery,
 club store, foodservice/institutional, and ecommerce).

&nbsp;&nbsp;&nbsp;&nbsp;e) Evaluation, selection, and implementation
 of a new 3PL warehouse and direct to consumer fulfillment

&nbsp;&nbsp;&nbsp;&nbsp;f) Migration and complete rebuilding of
 the juanvaldezcafestore.com ecommerce website, updated plug-ins, and added capability to
 sell top selling freeze-dried coffees and RTD's direct to consumer.

&nbsp;&nbsp;&nbsp;&nbsp;g) Launching of a new market-leading web
 platform, Shopify, enabling new marketing capabilities and profitable volume scaling on juanvaldezcafestore.com.

&nbsp;&nbsp;&nbsp;&nbsp;h) Development of exclusive marketing partnerships
 with both The Chicago Cubs (MLB) and The LA Rams (NFL), making Juan Valdez the Official Coffee
 Partner in both multi-year agreements.

**WHEREAS** these achievements have come with significant resource allocation from both Procafecol and GCC and have taken several months to complete before selling activity could begin.

**WHEREAS**, in light of the above considerations, the Parties deem it reasonable to amend the measurement periods set forth in Annex K and Annex K-2 of the Agreement, for Year 1 to be assumed from April 1, 2025, to March 31, 2026, and to amend the Term of the Agreement accordingly.

**WHEREAS**, the Parties further wish to amend Section 10.1 in relation to the deadline for GCC's submission of Gross Sales reports, and to amend Annex D of the Agreement in relation to Institutional Customers.

Amendment to Joint Development Agreement

**WHEREAS**, the Board of Directors of Procafecol authorized the execution of this Amendment at a meeting held on July 31, 2025.

**WHEREAS**, after examination by the Commission on Business with Third Parties, the Trademarks and Patents Committee of the Federation authorized the execution of this Amendment at a meeting held on August 25, 2025, pursuant to the License Agreements.

**NOW, THEREFORE,** for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties, intending to be legally bound, contract and agree as follows:

**1. GENERAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.1 Defined Terms, References**. All capitalized terms used in this Amendment and not otherwise defined herein shall have the meanings set forth in the Agreement (as previously amended). All references to Sections, Schedules, Exhibits, Attachments, Addenda and any other documents refer to those respective portions of the Agreement (as previously amended) unless otherwise specified in this Amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1.2 Incorporation of Recitals; Conflicts**. The Parties acknowledge and agree that: (a) the recitals at the beginning of this Amendment are incorporated hereinto; and (b) in the event of a conflict between the terms amended pursuant to this Amendment and the other terms of the Agreement (as previously amended), the terms of this Amendment control. Except as and to the extent expressly modified by this Amendment, the Agreement (as previously amended) remains in full force and effect in all respects without any modification.

**2. AGREEMENT AMENDMENT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.1. Amendment to Annex K.** Annex K of the Agreement is amended and restated in its entirety to read as follows:

"***<u>Annex K</u>***

***Minimum Sales Requirements***

---

| | |
|:---|:---|
|  | Gross Sales (USD) |
| Year 1 | $1750000 |
| Year 2 | $13000000 |
| Year 3 | $32000000 |
| Year 4 | $53000000 |
| Year 5 | $78000000 |
| Year 6 | $104000000 |
| Year 7 | $131000000 |
| Year 8 | $159000000 |
| Year 9 | $190000000 |
| Year 10 | $225000000 |

---

*\* Year 1 is assumed to be the one-year period from April 1, 2025, to March 31, 2026.*

*\* GCC shall be deemed to have complied with the Minimum Sales Requirements if GCC achieves at least 85% of the respective Gross Sales target. The Parties agree to review the Minimum Sales Requirements at least annually for future (not current) periods, and make changes based on market conditions.*"

Amendment to Joint Development Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.2. Amendment to Annex K-2.** Annex K-2 of the Agreement is amended and restated in its entirety to read as follows:

"***<u>ANNEX K-2</u>***

***MINIMUM SALES REQUIREMENTS***

***(NEW PRODUCTS)***

---

| | |
|:---|:---|
|  | Gross Sales (USD) |
| Year 1 | $149000 |
| Year 2 | $1498000 |
| Year 3 | $3994000 |
| Year 4 | $7094000 |
| Year 5 | $10030000 |
| Year 6 | $12157000 |

---

*\* Year 1 is assumed to be the one-year period from April 1, 2025, to March 31, 2026.*

*\* GCC shall be deemed to have complied with the Minimum Sales Requirements for New Products if GCC achieves at least 85% of the respective Gross Sales target. The Parties agree to review the Minimum Sales Requirements for New Products at least annually for future (not current) periods and make changes based on market conditions.*

*\* The Gross Sales of New Products shall count towards the Minimum Sales Requirements for Juan Valdez® 100% Colombian roasted coffee product as provided on **Annex K** of the Agreement.*

*\* The Gross Sales of Juan Valdez® 100% Colombian roasted coffee product shall not count towards the Minimum Sales Requirements for New Products as provided in this **Annex K-2**.*

*\* At least twelve (12) months prior to the conclusion of Year 6, GCC and Procafecol will discuss the Minimum Sales Requirements for New Products that GCC will meet for the remaining period of the Agreement. The Parties agree that such new Minimum Sales Requirements for New Products shall be at least proportional to, or higher than, the established Minimum Sales Requirements for New Products as set forth in this **Annex K-2** for Year 1 to Year 6.*"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.3. Amendment to Annex D.** Annex D of the Agreement is amended and restated in its entirety to read as follows:

"***<u>ANNEX D</u>***

***INSTITUTIONAL CUSTOMERS***

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ The Coffee Corp*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Cafexpress USA LLC*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Michael Lewis*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Megacenter*

Amendment to Joint Development Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Metro Edgewater*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ JAS*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Ascendant*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Chushman & Wakefield*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Healthsun*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Muse*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Nimbler*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Venture X*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Co-work*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ 240 Crandon Boulevard*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Bombardier*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Spirit Airlines*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Lufthansa*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Frontier Airlines*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Breeze Airways*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*▪ Other institutional customers sourced by Procafecol or its Affiliates\*\*.*

*\* In the case where Institutional Customers purchase Authorized Products, GCC shall be entitled to all proceeds therefrom and such sales shall count towards the Minimum Sales Requirement (with Commissions payable thereon under the Agreement). In the case where current sales to Institutional Customers of Procafecol's current roasted coffee products increase by 20% or more from current sales (to be shared with GCC in good faith with by Procafecol with GCC having a right to confirm such sales) to the respective Institutional Customer following the Effective Date, all such incremental sales of Procafecol's current roasted coffee products will be counted towards the Minimum Sales Requirement.*"

*\*\* According to Clause 2.7, Procafecol or its designated Person shall have the right to purchase Authorized Products from GCC for independent resale and distribution by Procafecol (or its designated Person) to universities, hospitals, luxury car dealerships, restaurants, hotels and vending machines within the Authorized Territory and such sales of Authorized Products shall be counted towards the Minimum Sales Requirement and shall be periodically informed to GCC.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.4. Amendment to Section 2.5.** Section 2.5 of the Agreement is amended and restated in its entirety to read as follows:

"*2.5. <u>Instant Coffee Customers</u>: Procafecol shall retain exclusive rights to current and new Retail and/or Institutional Customers sourced primarily by Procafecol or GCC for all sales of Procafecol's instant coffee portfolio ("Instant Coffees") to such Retail and Institutional Customers. Should new customers sourced primarily by GCC commit to acquire Instant Coffees, GCC is obligated to purchase such Instant Coffees from Procafecol or its Affiliates for resale to its customers and such sales of Instant Coffees to new customers sourced primarily by GCC shall be counted towards the Minimum Sales Requirements*".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.5. Amendment to Section 2.7.** Section 2.7 of the Agreement is amended and restated in its entirety to read as follows:

"*2.7 <u>Procafecol's Right to Purchase the Authorized Product</u>.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*a) Procafecol shall have the right, but not the obligation, to purchase certain quantities of Authorized Product from GCC (to the extent such quantities are reasonably available for purchase and at prices to be negotiated between the Parties) in order to resell it at Procafecol's account in channels other than the Authorized Channels and/or in territories other than the Authorized Territory.*

Amendment to Joint Development Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*b) In addition, Procafecol (or its designated Person) shall have the right, but not the obligation, to purchase Authorized Products from GCC for independent resale and distribution by Procafecol (or its designated Person) to universities, hospitals, luxury car dealerships, restaurants, hotels and vending machines within the Authorized Territory and such sales shall be counted towards the Minimum Sales Requirement and shall be periodically informed to GCC. The provisions of Section 2.9 of this Agreement shall not apply to, and are hereby expressly excluded from, any matters, transactions or sales governed by this Section 2.7*".

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.6. Amendment to Section 10.1**. Section 10.1 of the Agreement is amended and restated in its entirety to read as follows:

"*10.1. Within the ten (10) calendar days following the close of each Fiscal Quarter:*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(i) a reasonably detailed report of the Gross Sales of each of the Authorized Products to Authorized Retail Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined per Authorized Product. The report will be expressed in United States dollars and signed by GCC's legal representative.*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(ii) a reasonably detailed report of the Gross Sales of each of the Authorized Products to Authorized Institutional Channels for the immediately preceding Fiscal Quarter on the basis of which the Commissions will be determined per Authorized Product. The report will be expressed in United States dollars and signed by GCC's legal representative.*"

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2.7. Amendment to Section 13.1.** Section 13.1 of the Agreement is amended and restated in its entirety to read as follows:

"*13.1 Term. Subject to the provisions hereof, this Agreement shall commence on the Effective Date (May 7, 2024) and shall terminate on March 31, 2035, unless sooner terminated (the "Term"). GCC and Procafecol will discuss at least twelve (12) months prior to the end of the Term of this Agreement whether or not the Parties will extend the Term of this Agreement and, if they agree to so extend the Term, under what terms and conditions such extension will occur.*"

**3. MISCELLANEOUS OF THIS AMENDMENT.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.1 Authority**. Each Party represents and warrants to the other Party that this Amendment is being executed by the authorized representative of such Party.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.2 Counterparts; Electronically Transmitted Documents and Signatures**. This Amendment may be executed in one or more counterparts, each of which are deemed an original and all of which together constitute one and the same instrument, it being understood that the Parties need not sign the same counterpart. A manual signature on this Amendment, which image is transmitted electronically, will constitute an original signature for all purposes. The delivery of this Amendment, including signature pages, may be transmitted or exchanged by the Parties by way of exchanging (a) signed originals, (b) by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, including sending in portable document format (PDF) via email, or (C) any combination of any such means, and the Parties hereby adopt as original any such documents received. Delivery of such documents by any electronic means will have the same effect as physical delivery of the paper document bearing the original signature.

Amendment to Joint Development Agreement

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**3.3 Entire Agreement**. This Amendment, together with the Agreement (as previously amended), sets forth the entire agreement between the Parties, and there are no representations, agreements, arrangements or understandings, oral or written, between the Parties relating to the subject matter of this Amendment, which are not fully expressed herein. This Amendment may not be changed or terminated orally or in any manner other than as permitted by the Agreement or pursuant to a written agreement executed by both Parties*.*

IN WITNESS WHEREOF, the Parties have executed this Amendment as of the Amendment Effective Date.

---

| | | | |
|:---|:---|:---|:---|
| **GREEN COFFEE COMPANY HOLDINGS, LLC.** | **GREEN COFFEE COMPANY HOLDINGS, LLC.** | **PROCAFECOL S.A.** | **PROCAFECOL S.A.** |
| By: | /s/ Adam Jason | By: | /s/ Mateo Rodríguez |
| Name: Adam Jason | Name: Adam Jason | Name: Mateo Rodríguez | Name: Mateo Rodríguez |
| Title: Authorized signatory | Title: Authorized signatory | Title: Authorized signatory | Title: Authorized signatory |

---

Amendment to Joint Development Agreement

## Ex1A-6

**Exhibit 6.4**

**EMPLOYMENT AGREEMENT**

This Employment Agreement (this "<u>Agreement</u>") is made and entered into as of November 3, 2023 by and between the undersigned employee ("<u>you</u>") and Green Coffee Company Holdings, LLC, a Delaware limited liability company (the "<u>Company</u>").

1. **<u>At-Will Employment</u>**. You will be employed by the Company on an at-will basis with a start date of November 13, 2023 (the "<u>Start Date</u>"). This means that either you or the Company may end the employment relationship at any time, with or without cause. The period during which you are employed by the Company pursuant to this Agreement is referred to as the "<u>Employment Period</u>."

2. **<u>Position; Duties</u>**. During the Employment Period, you will serve as Chief Revenue Officer of the Company reporting to the Company's Chief Executive Officer. This is a full-time position that is exempt from any overtime requirements under applicable law. In this position, your responsibilities will include those duties that are customarily performed by those in such a position and such other duties as may be assigned to you by Company management from time-to-time. During the Employment Period, you agree to, at all times, comply with all Company policies in effect from time-to-time and all applicable laws.

3. **<u>Compensation</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Base Salary</u>. During the Employment Period, the Company will pay you an initial base salary in the gross amount of $350,000 per year, which shall be paid in equal monthly installments, less applicable withholdings, prorated for any partial years (such amount, the "<u>Base Salary</u>"). Your Base Salary may be increased, but not decreased (other than broad-based salary reductions affecting other executives at your level), after the third anniversary of your Start Date at the sole discretion of the board of managers (the "<u>Board</u>") of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Personal Performance Bonus</u>. Beginning with fiscal year 2024, for each full Company fiscal year that is completed while the Employment Period is ongoing, you will be eligible to receive a cash bonus of 50% of your Base Salary. The actual payout will be determined after the Company's fiscal year-end based on your individual performance in connection with the KPIs set forth in the table below. In the case of over or underperformance, upward and downward adjustments will be subject to the discretion of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Company Performance Bonus.</u> Beginning with fiscal year 2024, for each full Company fiscal year that is completed while the Employment Period is ongoing, you will be eligible to receive a cash bonus of 1% of the EBITDA of the Company. The actual payout will be determined after the Company's fiscal year-end based on the Company's performance in connection with the KPIs set forth in the table below. In the case of over or underperformance, upward and downward adjustments will be subject to the discretion of the Board.

For further clarity on the Personal Performance Bonus and the Company Performance Bonus (together, "<u>Bonus Compensation</u>") in paragraphs (b) and (c) of this section, we have included this chart, which sets out the key KPIs for each Bonus and the expected cash compensation to you upon achievement:

---

| | | | |
|:---|:---|:---|:---|
| **Compensation Table** | **2024** | **2025** | **2026** |
| **<u>Key roasted coffee drivers</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Number of roasted pounds | $2204600 | $9600000 | $30480000 |
| &nbsp;&nbsp;&nbsp;Weighted avg. wholesale price/lb. | 7.00 | 7.15 | 7.29 |
| &nbsp;&nbsp;&nbsp;Net expected EBITDA margin | 32% | 32% | 31% |
| **<u>A. Personal performance bonus (if Ted hits roasted coffee targets)</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Annual Salary | $350000 | $350000 | $350000 |
| &nbsp;&nbsp;&nbsp;Target cash bonus (50% of base) | $175000 | $175000 | $175000 |
| **Personal compensation** | $**525000** | $**525000** | $**525000** |
| **<u>B. Company performance bonus (if Management hits company-wide targets)</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total expected GCC EBITDA (coffee & byproducts) | $6898428 | $40401023 | $92923849 |
| &nbsp;&nbsp;&nbsp;Management bonus pool (5% of EBITDA) | $344921 | $2020051 | $4646192 |
| &nbsp;&nbsp;&nbsp;Expected allocation of total pool to Ted (20%) | $68984 | $404010 | $929238 |
| **Total compensation to Ted (cash)** | $**593984** | $**929010** | $**1454238** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Equity Grant.</u> On the Start Date, you shall receive a grant of $125,000.00 of restricted stock units of the Company having a current per unit price of $1,500.00 representing the rights to 83.33 common equity interests of the Company, which shall fully vest on the earliest, so long as the Employment Period is continuing, to occur of: (1) the three-year anniversary of the Grant Date, (2) a Change in Control or (3) a Public Offering, and which shall be subject to (x) the terms of the Investor Agreement and Subscription Agreement last used by the Company prior to the Start Date in any offering of the Company's securities, (y) the Green Coffee Company Holdings, LLC Profits Interest Plan (Amended and Restated Effective October 19, 2023) as currently in effect or later expressly superseded and (z) the Amended and Restated Limited Liability Company Agreement of the Company as currently in effect or later expressly superseded (the "<u>LLC Agreement</u>"). For purposes of this Agreement, a "Change in Control" and a "Public Offering" shall have the meanings set forth on <u>Exhibit A</u> hereto. During the Employment Period, you may be eligible for additional grant(s) of restricted stock units or other equity at the sole discretion of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Withholdings</u>. All payments under this <u>Section 3</u> are subject to and the Company may deduct from each such payment amounts required to be deducted and withheld in accordance with applicable federal and state income, FICA, and other withholding tax requirements.

4. **<u>Benefits</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Paid Time Off</u>. During the Employment Period, you will be eligible to take up to 25 days of paid time off ("<u>PTO</u>") per year in addition to U.S. federal holidays. Unused PTO will not carry over from year to year. Unused PTO in any given year will not be eligible for payment upon your separation from the Company. In all cases, given the importance of your role to the Company, your use of PTO shall be subject to the Company's reasonable business needs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Company Loan</u>. At such time as you request of the Company in writing during February 2024, the Company agrees that it will make a loan to you of $75,000.00, which shall be due and payable in full including all interest thereon no later than the one-year anniversary of the disbursement of such loan proceeds to you by the Company. You are free to prepay the loan early without any restrictions. Any prepayment will also include a pro rata amount of interest through such date calculated on a 360-day calendar year basis. Should you fail to repay the loan and applicable interest by the specified due date, the Company reserves the right to deduct the outstanding amount from your Base Salary and/or other payments hereunder until paid in full or impose other penalties under applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Employee Benefits</u>. During the Employment Period, you, at your election, may participate in all retirement plans, savings plans, health or medical plans and any other benefit plans of the Company generally available from time to time to other similarly situated employees in the U.S. Until such time as you have elected to participate in such plans, the Company will pay you a lump sum of $3,361.00 per month (grossed up for taxes (except to the extent where the Company has established a plan where the payment of such amount would not be expected to be considered taxable income for income tax purposes under the Internal Revenue Code even if you do not opt into such plan)) so that you may purchase similar plans that you choose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Company Equity Purchase Discount</u>. Through December 31, 2023, you are entitled to make purchases on your own behalf of the Company's common equity interests at a price per interest of $1,350.00 per interest (a 10% discount to the current fair market value), subject to the terms of the Investor Agreement and Subscription Agreement last used by the Company in any offering of the Company's securities. During the Employment Period, you may be eligible for additional co-investment opportunities at the sole discretion of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Vehicle Allowance</u>. The Company will pay you a lump sum of $1,250.00 per month (grossed up for taxes (except to the extent where the Company has established a plan where the payment of such amount would not be expected to be considered taxable income for income tax purposes under the Internal Revenue Code even if you do not opt into such plan)) for the use of a vehicle and all costs related thereto (insurance, gas, repairs and maintenance, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Cell Phone Allowance</u>. The Company will pay you a lump sum of $100.00 per month (grossed up for taxes (except to the extent where the Company has established a plan where the payment of such amount would not be expected to be considered taxable income for income tax purposes under the Internal Revenue Code even if you do not opt into such plan)) for the purchase and use of a cell phone.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <u>Business Expenses</u>. The Company will reimburse you for all reasonable and necessary out-of-pocket and documented business expenses that you incur during the Employment Period in connection with the performance of your duties hereunder in accordance with the Company's expense reimbursement policies and procedures.

5. **<u>Termination</u>**. The Employment Period and your employment may be terminated by either the Company or you at any time and for any reason and will automatically terminate upon your death. Upon termination of your employment for any reason, you shall be entitled to receive the following: (a) any accrued but unpaid Base Salary and Bonus Compensation through the date of termination; (b) reimbursement for unreimbursed expenses properly incurred by you pursuant to <u>Section 4(g</u>) prior to the date of termination; (c) such employee benefits, if any, to which you may be entitled under the Company's employee benefit plans as of the date of termination and, (d) in the case where the Company terminates your employment without cause during the first three (3) years of the Employment Period, an amount equal to three (3) months of your Base Salary. You shall not be entitled to any other salary, compensation or benefits after the end of the Employment Period except as specifically provided for in the Company's employee benefit plans or as expressly required by applicable law. For purposes of this Agreement, "cause" means: (a) the unauthorized use or disclosure of confidential information or trade secrets of the Company or its affiliates, (b) any other breach of a written agreement between you and the Company or any of its affiliates, including this Agreement; (c) the commission of a felony or commission of any other crime involving dishonesty or moral turpitude under applicable law; (c) gross negligence or willful misconduct or the willful or repeated failure or refusal to substantially perform your assigned duties; (d) any act of fraud, embezzlement, misappropriation or dishonesty committed against the Company or any of its affiliates; or (e) any acts, omissions or statements that the Company reasonably determines to be detrimental or damaging to the reputation, operations, prospects or business relations of the Company or any of its affiliates.

6. **<u>Confidentiality</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) You will keep confidential and not disclose or use, both during and after your employment, any Confidential Information of the Company, except as required in the good faith performance of your job duties for the Company or as authorized by the President of the Company in writing. "<u>Confidential Information</u>" includes, but is not limited to, any non-public information that is used, developed, obtained or received by you or the Company in connection with the Company's business, such as: (i) information about actual and prospective clients, suppliers, referral sources and business relations, including lists, compilations of data, preferences, and personal and/or financial information relating to them; (ii) business information, including contracts, business plans, strategies, tactics, litigation or negotiations; (iii) marketing information, including sales plans, methods, or market research data; (iv) financial information, including costs and performance data, pricing information, sales figures, profit or loss figures, and debt arrangements; and (v) operational information, such as the Company's policies, procedures, materials, equipment, and other similar records. If ordered by a court to disclose Confidential Information, you must provide written notice to the Company of such order immediately and cooperate with it in seeking confidentiality safeguards. Notwithstanding any other provision of this Agreement, under the federal Defend Trade Secrets Act, you are advised that an individual will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (i) is made in confidence to a federal, state, or local government official or to an attorney solely for the purpose of reporting or investigating a suspected violation of law; or (ii) is made in a complaint or other document that is filed under seal in a lawsuit or other proceeding. An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual files any document containing the trade secret under seal and does not disclose the trade secret, except pursuant to court order.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Nothing in this Agreement prohibits or restricts you (or your attorney) from initiating communications directly with, responding to an inquiry from, or providing testimony before the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), any other self-regulatory organization, the Occupational Safety and Health Administration (OSHA), or any other federal or state regulatory authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Nothing in this Agreement in any way prohibits or is intended to restrict or impede, and shall not be interpreted or understood as restricting or impeding, you from reporting any good faith allegation of unlawful employment practices to any appropriate federal, state, or local government agency enforcing discrimination laws; reporting any good faith allegation of criminal conduct to any appropriate federal, state, or local official; participating in a proceeding with any appropriate federal, state, or local government agency enforcing discrimination laws; making any truthful statements or disclosures required by law, regulation, or legal process; and requesting or receiving confidential legal advice, or otherwise disclosing information as permitted by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) You understand and acknowledge that your obligations under this Agreement shall continue during and after your employment by the Company until such time as such Confidential Information has become public knowledge other than as a result of your breach of this Agreement or breach by those acting in concert with you or on your behalf.

7. **<u>Non-Competition; Non-Solicitation</u>**.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) You acknowledge, understand, and agree that the nature of your employment with the Company gives you access to and knowledge of Confidential Information and places you in a position of trust and confidence with the Company. You further understand and acknowledge that the Company's ability to reserve its Confidential Information for the exclusive knowledge and use of the Company is of great competitive importance and commercial value to the Company, and that improper use or disclosure by you is likely to result in unfair or unlawful competitive activity. Additionally, during your employment, you have formed and will continue to form certain business relationships that are part of the goodwill of the Company (including relationships with other Company employees, contractors, suppliers, customers, and agents), and you have had and will continue to have access to the Company's Confidential Information. You agree that the Company is entitled to protect its investment in its Confidential Information through the enforcement of the obligations set forth in this Agreement, which are reasonable and necessary for that purpose. You further agree that the obligations set forth herein will survive the cessation of your employment with the Company, regardless of the reason for such cessation, and will inure to the benefit of the Company's successors and assigns. Because of the Company's legitimate business interest as described in this Agreement and the good and valuable consideration offered to you as described in <u>Sections 3</u> and <u>4</u>, the receipt and sufficiency of which you acknowledge, you covenant and agree that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) During your employment and for one (1) year thereafter, you will not, for yourself or on behalf of or in connection with any other person, entity or organization, provide any type of services of a similar type as you provided to the Company in connection with any person, entity or organization in competition with the Company's "Business," as defined below (including, but not limited to, as an employee, consultant, advisor, agent, independent contractor, owner, partner, co-venturer, principal, director, shareholder, lender or otherwise). The "<u>Business</u>" will mean the business in which the Company is engaged or plans to engage as of your last date of employment which includes, for the avoidance of doubt, the sale of coffee and coffee-related products. Notwithstanding the foregoing, in the case where the Company terminates your employment without cause, the one-year restricted period post-employment will not apply.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) During your employment and for one (1) year thereafter, you will not, directly or indirectly, for yourself or on behalf of or in connection with any other person, entity or organization, call on, solicit, have contact with, or service any customer, supplier or business relation of the Company in order to (a) induce or attempt to induce such person or entity to cease doing business with, or reduce the amount of business conducted with, the Company, (b) in any way interfere with the relationship between any such person or entity and the Company, or (c) provide products or services in competition with the Company's Business. Notwithstanding the foregoing in part (c) of this paragraph, in the case where the Company terminates your employment without cause, the one-year restricted period post-employment will not apply do the activities described in part (c) of this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) During your employment and for one (1) year thereafter, you will not, directly or indirectly, for yourself or on behalf of or in connection with any other person, entity or organization, induce or attempt to induce any employee or consultant of the Company to leave the employ or services of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All property, memoranda, notes, records, data, and other documents, in whatever form, compiled by, made available to, or received by you while employed by the Company pertaining to the Company's business and/or its clients, including but not limited to Confidential Information, is the property of the Company. You must deliver promptly to the Company, on the date your employment ends (or at any other time upon request), all documents, electronic files, and things in your possession, custody, or control pertaining to the Company's business and its Confidential Information, without retaining copies thereof.

8. **<u>Enforcement</u>**. You acknowledge and agree that: (a) the breach of any provision in <u>Sections 6</u> or <u>7</u> of this Agreement will result in irreparable harm to the Company; (b) no adequate remedy at law exists with regard to any such breach; and (c) the Company will be entitled to seek to enforce this Agreement by injunction or other equitable remedies in the event of a breach or threatened breach, without the requirement of posting bond, in addition to any other remedies available to the Company (including, without limitation, monetary damages). If you violate any of your obligations under <u>Section 7</u>, then the applicable restricted period will be extended to account for the period during which you were in breach, and you will pay the Company's reasonable legal fees and costs associated with any enforcement action. The existence of any claim you may have against the Company will not operate to nullify or reduce your obligations under this Agreement. The provisions of this Agreement will be enforceable to the fullest extent permitted by law. If any provision is held to be unenforceable, then such provision will be construed or reformed in a manner so as to permit its enforceability to the fullest extent permitted by applicable law. Notwithstanding the foregoing, should either party bring an action to enforce this Agreement, the prevailing party in such action shall be awarded costs and reasonable attorneys' fees incurred in bringing such action, in addition to any other remedies available in law or equity.

9. **<u>Inventions and Discoveries</u>**. Any inventions, concepts, ideas, innovations, improvements, developments, methods, designs, analyses, drawings, reports, patent applications, copyrightable work and mask work (whether or not including any Proprietary Information) and all registrations or applications related thereto, discoveries, and all other Proprietary Information and all similar or related information, whether or not patentable or copyrightable, which relate to the Company's actual or anticipated business, research and development, or existing or future products or services and which are conceived, developed, or made by you as a result of work performed by you for the Company after the date of this Agreement (collectively, the "<u>Work Product</u>") belong to the Company and shall be promptly disclosed to the Company. Employee further agrees that any such copyrightable work is "work made for hire," as that term is defined in the Copyright Law of the United States (17 U.S.C. § 101, et seq., or its successor law), for the Company. Employees hereby assigns, and agrees to assign, any right, title, or interest in or relating to the Work Product to the Company. Employee will performed all actions reasonably requested by the Company (whether during or after the Employment Period) to establish and confirm such ownership (including the execution and delivery of assignments, consents, powers of attorney, and other instruments) and to provide reasonable assistance to the Company in connection with the prosecution of any applications for patents, trademarks, trade names, service marks, or reissues thereof, or in the prosecution or defense of interferences relating to any Work Product.

10. **<u>Cooperation and Indemnification</u>**. You acknowledge that certain matters in which you will be involved during the Employment Period may necessitate your cooperation in the future. Accordingly, after the termination of your employment for any reason, to the extent reasonably requested by the Company, you agree to cooperate with the Company in connection with matters arising out of your service to the Company. The Company shall make reasonable efforts to minimize disruption of your other activities. The Company shall reimburse you for all reasonable and documented out-of-pocket expenses incurred by you in the course of providing such cooperation. You shall be entitled to the same rights of indemnification available to other officers of the Company at your level under the LLC Agreement (current Section 6.15), and any director and officer liability insurance purchased by the Company to indemnify other officers of the Company at your level.

11. **<u>Survival, Modification, Waiver</u>**. <u>Sections 5</u> through <u>16</u>, inclusive, shall survive and continue in full force in accordance with their terms notwithstanding the termination of the Employment Period. No modification, termination or attempted waiver of this Agreement shall be valid unless in writing and signed by the party against whom the same is sought to be enforced. The failure of any party to enforce any provision or protections of this Agreement shall not in any way be construed as a waiver of any such provision or provisions as to any future violations thereof, nor prevent that party thereafter from enforcing each and every other provision of this Agreement.

12. **<u>Interpretation; Severability</u>**. Whenever possible, each provision of this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such determination will not affect any other provision or the effectiveness or validity of any provision in any other jurisdiction, and this Agreement will be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision had never been contained herein. This Agreement may be executed in separate counterparts, each of which shall be deemed an original, but all of which taken together shall constitute one and the same instrument.

13. **<u>Assignment; Successors and Assigns</u>**. The rights and obligations of Company under this Agreement shall inure to the benefit of, and shall be binding on, Company and its successors and assigns. This Agreement is personal to you and you may not assign your obligations under this Agreement in any manner whatsoever and any purported assignment shall be void. The Company may assign this Agreement to any successor to all or substantially all of its assets and/or business by means of liquidation, dissolution, merger, consolidation, transfer of assets, or otherwise.

14. **<u>Governing Law: Jurisdiction and Venue; Attorneys' Fees</u>**. This Agreement, for all purposes, shall be construed in accordance with the internal laws of the United States of America and the State of Delaware, without regard to principles of conflicts of law. Any action or proceeding by either of the parties to enforce this Agreement, including actions for temporary or permanent injunctive relief to enforce <u>Section 6</u> or <u>7</u> of this Agreement, shall be brought only in a state or federal court having jurisdiction in the State of Delaware. The parties hereby irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum. The parties mutually agree that the Agreement can be specifically enforced in court and can be cited as evidence in legal proceedings alleging breach of the Agreement. In the event of litigation in relation to this Agreement, the non- prevailing party shall be liable for and pay to the prevailing party all reasonable costs and expenses (including reasonable attorneys' fees) incurred by the prevailing party in connection with such litigation.

15. **<u>Entire Agreement; Release from Prior Agreements</u>**. This Agreement contains the entire understanding and agreement between you and the Company with respect to its subject matter and supersedes and replaces all current or prior understandings and agreements, whether written or oral, you have or had with the Company or any of its current or former affiliates, (collectively, the "<u>Prior Agreements</u>"). By signing this Agreement, you acknowledge that the Prior Agreements are terminated and canceled, and release and discharge the Company (including its predecessors) and its affiliates from

(A) any and all claims or actions arising out of your employment relationship with the Company prior to the date of this Agreement, and (B) any rights conferred under any of the Prior Agreements.

16. **<u>Knowing and Voluntary Agreement</u>**. By signing below you acknowledge and agree that you have fully read, understand, and voluntarily enter into this Agreement. Executing this Agreement represents that you have been given the opportunity to fully review the terms of this Agreement. You understand the terms of this Agreement and freely and voluntarily sign this Agreement.

(*Signature page follows*)

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

---

| | | |
|:---|:---|:---|
| **GREEN COFFEE COMPANY HOLDINGS, LLC** | **GREEN COFFEE COMPANY HOLDINGS, LLC** | **GREEN COFFEE COMPANY HOLDINGS, LLC** |
| By: | /s/ Boris Wüllner Garces | /s/ Boris Wüllner Garces |
|  | Name: | Boris Wüllner Garces |
|  | Title: | President |
|  | Date: | November 3, 2023 |
| **EMPLOYEE** | **EMPLOYEE** | **EMPLOYEE** |
| By: | /s/ Edward C. Skodol III | /s/ Edward C. Skodol III |
|  | Name: | Edward C. Skodol III |
|  | Date: | November 3, 2023 |

---

[Signature page to Employment Agreement]

**<u>EXHIBIT A</u>**

**CERTAIN DEFINITIONS**

"**Change in Control**" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) there is consummated a merger, consolidation or similar transaction involving (directly or indirectly) the Company and, immediately after the consummation of such merger, consolidation or similar transaction, the members of the Company immediately prior thereto do not own, directly or indirectly, either (A) outstanding voting securities representing more than fifty percent (50%) of the combined outstanding voting power of the surviving entity in such merger, consolidation or similar transaction or (B) more than fifty percent (50%) of the combined outstanding voting power of the parent of the surviving entity in such merger, consolidation or similar transaction, in each case in substantially the same proportions as their ownership of the outstanding voting securities of the Company immediately prior to such transaction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) there is approved by the Company a plan of complete dissolution or liquidation of the Company, or a complete dissolution or liquidation of the Company shall otherwise occur, except for a liquidation into a parent corporation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) there is consummated outside of the ordinary course of business a sale, lease, exclusive license or other disposition of all or substantially all of the consolidated assets of the Company and its affiliates, other than a sale, lease, license or other disposition of all or substantially all of the consolidated assets of the Company and its subsidiaries to an entity, more than fifty percent (50%) of the combined voting power of the voting securities of which are owned by members of the Company in substantially the same proportions as their ownership of the outstanding voting securities of the Company immediately prior to such sale, lease, license or other disposition; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) individuals who on the date hereof are members of the Board (the "<u>Incumbent Board</u>") cease for any reason to constitute at least a majority of the members of the Board; *provided, however*, that if the appointment or election (or nomination for election) of any new Board member was approved or recommended by a majority vote of the members of the Incumbent Board then still in office, such new member shall, for purposes of this Plan, be considered as a member of the Incumbent Board.

"**Public Offering**" means: the registered public listing of securities of the Company under the Securities Act of 1933 on a national securities exchange under the Securities Exchange Act of 1934 or any similar law in any other jurisdiction.

## Ex1A-11

**Exhibit 11.1**

![](tm2614683d1_ex11-1img001.jpg)

---

| | |
|:---|:---|
| <br> May 19, 2026<br>Green Coffee Company Holdings, LLC and Subsidiaries<br> 1301 West 22nd Street<br> Suite 310<br> Oak Brook, IL 60523<br> United States | **RSM Puerto Rico**<br> PO Box 10528<br> San Juan, PR 00922-0528<br>T 787-751-6164<br> F 787-759-7479<br> www.rsm.pr |

---

We hereby consent to the inclusion in this Offering Statement on Form 1-A of our report dated April 24, 2026, relating to the consolidated financial statements of Green Coffee Company Holdings, LLC and Subsidiaries as of and for the years ended December 31, 2025 and 2024, which appear in such Offering Statement.

Sincerely,

/s/ RSM Puerto Rico

**RSM Puerto Rico**

**THE POWER OF BEING UNDERSTOOD**

ASSURANCE \| TAX \| CONSULTING

RSM Puerto Rico is a member of the RSM network and trades as RSM. RSM is the trading name used by the members of the RSM network. Each member of the RSM network is an independent accounting and consulting firm which practices in its own right. The RSM network is not itself a separate legal entity in any jurisdiction.

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

## FORM 1-A

### REGULATION A OFFERING STATEMENT
### UNDER THE SECURITIES ACT OF 1933

### Item 1. Issuer Information

**Exact name of issuer:** Green Coffee Co Holdings, LLC

**Jurisdiction of Incorporation/Organization:** DE

**Year of Incorporation:** 2020

**CIK:** 0001819425

**I.R.S. Employer Identification Number:** 85-1027602

**Primary Standard Industrial Classification Code:** 2090

**Total number of full-time employees:** 299

**Total number of part-time employees:** 0

**Address of Principal Executive Offices:** 1301 West 22nd St. Suite 310, —, Oak Brook, IL 60523

**Company Phone:** 716-997-9074

**Person to contact:** Jeanne Campanelli

### Financial Statements

**Balance Sheet Information**

| Metric                                   | Amount        |
|:---|:---|
| Cash and Cash Equivalents                | $1003825.00   |
| Investment Securities                    | $0.00         |
| Accounts and Notes Receivable            | $1185846.00   |
| Property, Plant and Equipment (PP&E)     | $60817913.00  |
| Total Assets                             | $117849199.00 |
| Accounts Payable and Accrued Liabilities | $0.00         |
| Long-Term Debt                           | $17083007.00  |
| Total Liabilities                        | $28276183.00  |
| Total Stockholders' Equity               | $89573016.00  |
| Total Liabilities and Equity             | $117849199.00 |

**Statement of Comprehensive Income Information**

| Metric                                    | Amount       |
|:---|:---|
| Total Revenues                            | $25904754.00 |
| Costs and Expenses Applicable to Revenues | $23762007.00 |
| Depreciation and Amortization             | $2121748.00  |
| Net Income                                | $-8995692.00 |
| Earnings Per Share - Basic                | -71.50       |
| Earnings Per Share - Diluted              | -71.50       |

**Auditor Information**

| Metric          | Amount              |
|:---|:---|
| Name of Auditor | RSM Puerto Rico LLP |

### Outstanding Securities

| Class                   |   Outstanding | CUSIP     | Publicly Traded   |
|:---|---:|:---|:---|
| Class A Common Interest |        132500 | 000000N/A | N/A               |
| N/A                     |             0 | 000000N/A | N/A               |
| N/A                     |             0 | 000000N/A | N/A               |

### Item 2. Issuer Eligibility
- [x] The issuer certifies that all of the statements in this part are true.

### Item 3. Application of Rule 262
- [x] The issuer certifies that it is not disqualified and has not been involved in any disqualifying event.

### Item 4. Summary Information Regarding the Offering

**Tier:** Tier2

**Financial Statement Status:** Audited

**Type of Securities Offered:** Equity (common or preferred stock)

**Is this a delayed or continuous offering?** Yes

**Was or is the offering to take place within one year after qualification?** Yes

**Was or is the offering to commence within two days after qualification?** No

**Is this a best efforts offering?** Yes

**Was there any solicitation of interest?** No

**Are there any resale securities by affiliates of the issuer?** No

**Offering Amounts**

| Description                                                     | Amount       |
|:---|:---|
| Number of securities offered                                    | 66249538     |
| Number of securities outstanding                                | 5364116      |
| Price per security                                              | $1.10        |
| Issuer's aggregate offering price                               | $74999997.84 |
| Aggregate offering price of securities held by security holders | $0.00        |
| Aggregate price of securities offered concurrently              | $0.00        |
| Total aggregate offering price                                  | $74999997.84 |

**Anticipated Fees**

| Service Provider   | Name               | Fees      |
|:---|:---|:---|
| Auditor            |  |  |
| Legal              | CrowdCheck Law LLP | $65000.00 |
| Promoters          |  |  |

**Estimated Net Proceeds to the Issuer:** $72243692.22

### Item 5. Jurisdictions in Which Securities are to be Offered

AL, AK, AZ, AR, CA, CO, CT, DE, 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, DC, PR

### Item 6. Unregistered Securities Issued or Sold Within One Year

**Name of Such Issuer:** Green Coffee SPV CF I LLC and Green Coffee Company Holdings, LLC

**Title of Securities Issued:** SPV Interests representing Class B Common Equity Interests

**Total Amount of Securities Issued:** 5042269

**Amount of such securities sold by principal security holders:** 0

**Aggregate consideration:** Total aggregate consideration of $4,778,288 at $1.00 per interest plus a 3.5% transaction fee, an additional 287,481 interests were issued as Bonus Interests.

**Basis for aggregate consideration:** —

**Securities Act Exemption:** Regulation Crowdfunding, Rule 506(c) pursuant to Regulation D, Section 4(a)(2) of the Securities Act