# EDGAR Filing Document

**Accession Number:** 0001965812
**File Stem:** 0001670254-23-000173
**Filing Date:** 2023-2
**Character Count:** 200661
**Document Hash:** 43db6f0eedd1360792e46b5b84c796a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001670254-23-000173.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001670254-23-000173

**CONFORMED SUBMISSION TYPE**: C

**PUBLIC DOCUMENT COUNT**: 10

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Against Sunrise LLC
- **CENTRAL INDEX KEY:** 0001965812
- **IRS NUMBER:** 873664900

**FILING VALUES:**
- **FORM TYPE:** C
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 020-31875
- **FILM NUMBER:** 23668250

**BUSINESS ADDRESS:**
- **STREET 1:** 4508 S 6TH ST
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40214
- **BUSINESS PHONE:** 5106982462

**MAIL ADDRESS:**
- **STREET 1:** 4508 S 6TH ST
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40214

## Ex-99

### Attached PDF Documents

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

# Form C

## Cover Page

Name of issuer:

Against Sunrise LLC

Legal status of issuer:

Form: Limited Liability Company

Jurisdiction of Incorporation/Organization: KY

Date of organization: 11/22/2021

Physical address of issuer:

4508 S 6th St

Louisville KY 40214

Website of issuer:

www.theremingtonsmith.com

Name of intermediary through which the offering will be conducted:

Wefunder Portal LLC

CIK number of intermediary:

0001670254

SEC file number of intermediary:

007-00033

CRD number, if applicable, of intermediary:

283503

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

6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

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

No

Type of security offered:

☐ Common Stock

☐ Preferred Stock

☐ Debt

☑ Other

If Other, describe the security offered:

Waterfall Agreement: Investors receive 110% of Principal (115% for Early Bird) + 50% of Net Profits in perpetuity.

Target number of securities to be offered:

500

Price:

$100.00000

Method for determining price:

Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $100.

Target offering amount:

$50,000.00

Oversubscriptions accepted:

☑ Yes

☐ No

If yes, disclose how oversubscriptions will be allocated:

☐ Pro-rata basis

☐ First-come, first-served basis

☑ Other

If other, describe how oversubscriptions will be allocated:

As determined by the issuer

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

$123,000.00

Deadline to reach the target offering amount:

4/29/2024

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

Current number of employees:

1

|  | Most recent fiscal year-end: | Prior fiscal year-end: |
| --- | --- | --- |
| Total Assets: | $102,000.00 | $0.00 |
| Cash & Cash Equivalents: | $102,000.00 | $0.00 |
| Accounts Receivable: | $0.00 | $0.00 |
| Short-term Debt: | $0.00 | $0.00 |
| Long-term Debt: | $0.00 | $0.00 |
| Revenues/Sales: | $0.00 | $0.00 |
| Cost of Goods Sold: | $0.00 | $0.00 |
| Taxes Paid: | $0.00 | $0.00 |
| Net Income: | ($14.00) | $0.00 |

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

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

## Offering Statement

Respond to each question in each paragraph of this part. Set forth each question and any notes, but not any instructions thereto, in their entirety. If disclosure in response to any question is responsive to one

or more other questions, it is not necessary to repeat the disclosure. If a question or series of questions is inapplicable or the response is available elsewhere in the Form, either state that it is inapplicable, include a cross-reference to the responsive disclosure, or omit the question or series of questions.

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

## THE COMPANY

1. Name of issuer:

Against Sunrise LLC

## COMPANY ELIGIBILITY

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

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

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

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

☐ Yes ☑ No

## DIRECTORS OF THE COMPANY

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

| Director | Principal Occupation | Main Employer | Year Joined as Director |
| --- | --- | --- | --- |
| Remington Smith | Filmmaker, Professor | University of Louisville | 2021 |

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

## OFFICERS OF THE COMPANY

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

| Officer | Positions Held | Year Joined |
| --- | --- | --- |
| Remington Smith | Owner & Manager | 2021 |

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

## WORK HISTORY.

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

## PRINCIPAL SECURITY HOLDERS

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

| Name of Holder | No. and Class of Securities Now Held | % of Voting Power Prior to Offering |
| --- | --- | --- |
| Filmsmith Productions (100% owned by Remington Smith) | 102.0 Class A | 50.0 |

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

*To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control - as, for example, a co-trustee) they should be included as being 'beneficially owned.' You should include an explanation of these circumstances in a footnote to the 'Number of and Class of Securities Now Held.' To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.*

## BUSINESS AND ANTICIPATED BUSINESS PLAN

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

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

*INSTRUCTION TO QUESTION 7: Wefunder will provide your company's Wefunder profile as an appendix (Appendix A) to the Form C in PDF format. The submission will include all Q&A items and 'read more' links in an un-collapsed format. All videos will be transcribed.*

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

## RISK FACTORS

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

**In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.**

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

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

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

Covid risks are still present in the film production industry that could delay production. This and other acts of god pose a risk outside the control of The Company.

In terms of revenue, it could be that our financial projections are not accurate or

that it takes longer (if at all) to meet projections. If this is the case, our investors may experience a lengthy period on their rate of return or lack of return that is well below that of other investment opportunities. The film industry can never guarantee how much a movie will make, these are only projections.

Receipt of revenue is often tied to third party companies such as sales agents, distributors and exhibitors. While the movie could earn money in the marketplace, it is possible that revenue could not reach The Company as a result of a third party claiming bankruptcy or refusal to pay.

Investment in Film, by nature, is a high-risk investment. The industry is constantly shifting and changing and business models that work for one film, may not necessarily work for another one. Performance on a film often depend on external forces, outside of the control of the company.

Though we shall do our due diligence in hiring processes to ensure there are no hidden liabilities introduced by our cast and crew, the success of films is largely predicated on public perception of the performers, which can change through no fault of our own.

Filmmaking is competitive and artistic taste among audiences and festival programmers vary widely. The completion of the film in and of itself does not guarantee it will succeed in the marketplace, critically or financially.

The film distribution market is highly variable with some films getting a high profile minimum guarantee from distributors that completely pays back investors and then some with a lump sum payment. Other deals take longer to earn back a profit for investors.

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

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

# The Offering

## USE OF FUNDS

9. What is the purpose of this offering?

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

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

If we raise: $50,000

Use of Proceeds: The Low Budget
+ Appropriately compensate our cast and crew to make the film

43% Labor Expenses

27% Equipment Rentals

14% Special Effects

4.5% Food

5% Legal & Accounting

6.5% WeFunder Fees

If we raise: $100,000

Use of Proceeds: The Modest Budget

Proceeds:

+ Cover Post-Production expenses

+ Unlock refundable tax incentives

+ Appropriately compensate our cast and crew to make the film

40% Labor

24.5% Equipment Rentals

12% Special Effects

9% Post-Production

4% Food

4% Legal & Accounting

6.5% WeFunder Fees

If we raise: $123,000

Use of

The Promotion Budget

Proceeds:

+ Pay for marketing & promotion campaign to get the film sold

+ Cover Post-Production expenses

+ Unlock refundable tax incentives

+ Appropriately feed & compensate our cast and crew to make the film.

38% Labor

21.5% Equipment Rentals

10% Special Effects

8% Post-Production

10% Marketing & Promotion

3% Food

3% Legal & Accounting

6.5% WeFunder Fees

INSTRUCTION TO QUESTION 10: An issuer must provide a reasonably detailed description of any intended use of proceeds, such that investors are provided with an adequate amount of information to understand how the offering proceeds will be used. If an issuer has identified a range of possible uses, the issuer should identify and describe each probable use and the factors the issuer may consider in allocating proceeds among the potential uses. If the issuer will accept proceeds in excess of the target offering amount, the issuer must describe the purpose, method for allocating oversubscriptions, and intended use of the excess proceeds with similar specificity. Please include all potential uses of the proceeds of the offering, including any that may apply only in the case of oversubscriptions. If you do not do so, you may later be required to amend your Form C. Wefunder is not responsible for any failure by you to describe a potential use of offering proceeds.

## DELIVERY & CANCELLATIONS

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

Book Entry and Use of XX Investments LLC as Transfer Agent and Custodian. Investments will be in book entry form. This means that the investor will not receive a certificate representing his or her investment. Each investment will be recorded in the books and records of our transfer agent, XX Investments LLC. XX Investments LLC will act as custodian and hold legal title to the investments for investors that enter into a Custodial and Voting Agreement with XX Investments LLC and will keep track of those investors' beneficial interests in the investments. In addition, investors' interests in the investments will be recorded in each investor's "My Investments" screen. The investor will also be emailed again the Investor Agreement and, if applicable, the Custodial and Voting Agreement. The Investor Agreement and, if applicable, the Custodial and Voting Agreement will also be available on the "My Investments" screen.

12. How can an investor cancel an investment commitment?

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

The intermediary will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides

notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment).

If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment.

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

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

If there is a material change to the terms of the offering or the information provided to the Investor about the offering and/or the Company, the Investor will be provided notice of the change and must re-confirm his or her investment commitment within five business days of receipt of the notice. If the Investor does not reconfirm, he or she will receive notifications disclosing that the commitment was cancelled, the reason for the cancellation, and the refund amount that the investor is required to receive. If a material change occurs within five business days of the maximum number of days the offering is to remain open, the offering will be extended to allow for a period of five business days for the investor to reconfirm.

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

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

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

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

## Ownership and Capital Structure

### THE OFFERING

13. Describe the terms of the securities being offered.

The Company is offering Class C Membership Interests. Owners of Class C Membership Interests are entitled to receive 110% of their Principal Investment via Net Profits, and thereafter 50% of Net Profits in perpetuity.

The first $100,000 of investments ("Early Bird") are entitled to receive 115% of their Principal Investment via Net Profits, and thereafter 50% of Net Profits in perpetuity.

WHEREAS, the Company has been established to produce, own, and exploit a Motion Picture based on the script known as "Land Lord", written by Remington Smith, (the "Project") and desires to sell Class C Membership Interests in the Company to Purchasers in the minimum amount of $50,000 (the "Minimum Amount") and maximum amount of $123,000 (unless such maximum is raised by the Company per the Company's Operating Agreement (as defined below));

WHEREAS, Purchaser desires to purchase Class C membership interests in the Company; and

WHEREAS, Company desires to sell such membership interests to Purchaser on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual promises, representations, warranties, and covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

# 1. Agreement to Sell and Purchase.

1.1. Sale and Purchase of Units. Company hereby agrees to sell fractional Class C membership units (the 'Units') to Purchaser at the cost of One Hundred Dollars and No Cents ($100.00) per 0.1 unit and Purchaser hereby agrees to purchase the Fractional Units from Company (the 'Transaction') in consideration of the total sum of (the 'Purchase Price'). The Company hereby approves the Transaction. The Fractional Units have all the rights, preferences, privileges and restrictions set forth in the Company's Articles of Organization (the 'Articles') and Operating Agreement (the 'Operating Agreement,' and collectively with the Articles, the 'Organizational Documents').

2. Representations and Warranties of Company. Company hereby represents and warrants to Purchaser as of the date of this Agreement and as of the Funding as set forth below:

2.1. Company has the requisite power and authority to execute and deliver this Agreement to assign and sell the Units and to carry out the provisions of this Agreement.

2.2. All Company action, and the action of its officers, managers and members, necessary for the authorization of this Agreement, the performance of all obligations of the Company hereunder and the sale, issuance and delivery of the Units pursuant hereto has been taken.

(Below text from Operating Agreement, attached to the Form C)

4. Profit, Loss, and Distributions. 4.1. Distributions of Adjusted Gross Proceeds and Net Proceeds; Allocations of Profit or Loss.

4.1.1. Allocation of Profit or Loss. After giving effect to the special allocations set forth in Section 4.2, for any taxable year of the Company, Profit or Loss shall be allocated to the Economic Interest Holders, pari passu, as follows:

4.1.1.1. Prior to the return to the Class B Members, and Class C Members who purchased Membership Units in accordance with Section 3.3.4, of One Hundred Fifteen Percent (115%) and all other Class C Members, of One Hundred Ten Percent (110%) of their aggregate Capital Contributions, Profit or Loss shall be allocated One Hundred Percent (100%) to the Class B Members and Class C Members based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members.

4.1.1.2. After the return to the Class B Members, and Class C Members who purchased Membership Units in accordance with Section 3.3.4, of One Hundred Fifteen Percent (115%) and all other Class C Members, of One Hundred Ten Percent (110%) of their aggregate Capital Contributions, Profit or Loss shall be allocated Fifty Percent (50%) to the Class A Members and Fifty Percent (50%) to the Class B Members and Class C Members (Collectively the 'Investor Pool') based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members.

4.1.1.3. With each Class of Membership, each Member shall be allocated their respective percentage interest of Profit or Loss. The percentage interest of the Class A Member shall be the percentage indicated in the confidential records of the Company and each Member's Membership Interest Purchase Agreement. As amongst the Class B Members and Class C Members, the percentage interest of each Class B Member and Class C Member shall be the percentage that his or her Capital Account bears to the aggregate

Capital Accounts of the Investor Pool (Class B Members and Class C Members).

4.1.2. Distribution of Gross Proceeds, Adjusted Gross Proceeds and Net Proceeds. Adjusted Gross Proceeds and Net Proceeds shall be distributed to the Economic Interest Holders in the following order of priority:
4.1.2.1. Subject to the Regulatory Allocations attached hereto as Exhibit B, Gross Proceeds and Adjusted Gross Proceeds shall be distributed as set forth in the Waterfall attached hereto as Exhibit C and incorporated herein by reference (the "Waterfall"). Operating Agreement / Against Sunrise, LLC Page 5 of 27
4.1.2.2. Net Proceeds shall be allocated Fifty Percent (50%) to the Class A Member and Fifty Percent (50%) to the Class B Members and Class C Members based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members (Investor Pool).
4.1.2.3. Within each Class of Membership, each Member shall be distributed their respective percentage interest of Net Proceeds. The percentage interest of the Class A Member shall be the percentage indicated in the confidential records of the Company and each Member's Membership Interest Purchase Agreement. As amongst the Class B Members and Class C Members, the percentage interest of each Class B Member and Class C Member shall be the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members (Investor Pool).
4.1.2.4. The Manager(s) shall have the right to allocate to parties furnishing rights, monies/other consideration or services to the Picture (including, without limitation, to the Manager(s) in their capacities other than as Manager(s) of the Company) a participation in the Class A Members' share of Net Proceeds.
4.1.2.5. In accordance with the Law, Members may, under certain circumstances, be required to return to the Company, for the benefit of Company creditors, amounts previously distributed to them. Specifically, a Member may be liable to return a distribution if such Member knows, at the time of said distribution, that the liabilities of the Company (other than liabilities to Members on account of their membership interest and liabilities for which recourse of creditors is limited to specified property of the Company) exceed the fair market value of the assets of the Company, after giving effect to such distribution.
4.2 Regulatory Allocations. The attached Exhibit B is incorporated by reference and contains the applicable Regulations under the Code. 4.3. Liquidation and Dissolution.
4.3.1 If the Company is liquidated, the assets of the Company shall be distributed to the Economic Interest Holders in accordance with the provisions of Section 4.1.2.
4.3.2 No Economic Interest Holder shall be obligated to restore a Negative Capital Account.
4.4. General.
4.4.1 Except as otherwise provided in this Agreement, the Managers shall determine the timing and amount of all distributions.
4.4.2 If any assets of the Company are distributed in kind to the Economic Interest Holders, those assets shall be valued on the basis of their fair market value, and any Economic Interest Holder entitled to any interest in those assets shall receive that interest as a tenant-incommon with all other Economic Interest Holders so entitled. Unless the Members otherwise Operating Agreement / Against Sunrise, LLC Page 6 of 27 agree, the fair market value of the assets shall be determined by an independent appraiser who shall be selected by the Managers. The Profit or Loss for each unsold asset shall be determined as if the asset had been sold at its fair market value, and the Profit or Loss shall be allocated as provided in Section 4.1.1 and shall be properly credited or charged to the Capital

Accounts of the Economic Interest Holders prior to the distribution of the assets in liquidation pursuant to Section

4.3.

4.4.3. All Profit and Loss shall be allocated, and all distributions shall be made to the Persons shown on the records of the Company to have been Economic Interest Holders as of the last day of the taxable year for which the allocation or distribution is to be made. Notwithstanding the foregoing, unless the Company's taxable year is separated into segments, if there is a Transfer or an Involuntary Withdrawal during the taxable year, the Profit and Loss shall be allocated between the original Economic Interest Holder and the successor on the basis of the number of days each was an Economic Interest Holder during the taxable year; provided, however, the Company's taxable year shall be segregated into two or more segments in order to account for Profit, Loss, or proceeds attributable to a Capital Transaction or to any other extraordinary nonrecurring items of the Company.

4.4.4. The Managers are hereby authorized, upon the advice of the Company's tax counsel, to amend this Section 4 to comply with the Code and the Regulations promulgated under Code Section 704(b); provided, however, that no amendment shall materially affect distributions to an Economic Interest Holder without the Economic Interest Holder's prior written consent.

Irrevocable Proxy. The Investor and his, her, or its transferees or assignees (collectively, the "Investor"), through a power of attorney granted by Investor in the Investor Agreement, will appoint XX Team LLC ("XX Team") as the Investor's true and lawful proxy and attorney (the "Proxy"), with the power to act alone and with full power of substitution, on behalf of the Investor to:

direct the voting of all securities purchased through wefunder.com, and to direct the exercise of all voting and other rights of Investor with respect to the Company's securities, and

direct, in connection with such voting power, the execution of any instrument or document that XX Team determines is necessary and appropriate in the exercise of its authority. Such Proxy will be irrevocable. If an investor has entered into the Custodial and Voting Agreement with XX Investments LLC ("XX Investments"), then XX Investments will be the entity that XX Team directs to vote and take any other actions in connection with such voting (including the execution of documents) on behalf of such investor.

See exact security attached as Appendix B, Investor Contracts.

14. Do the securities offered have voting rights?

☐ Yes
☑ No

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

☑ Yes: No Voting Rights
☐ No:

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

This Agreement may be amended, modified, or superseded, and the terms or covenants hereof may be waived, only by a written instrument executed by both parties hereto or, in the case of a waiver, by the party waiving compliance. Except as otherwise specifically provided in this Agreement, no waiver by either party hereto of Class C Membership Purchase Agreement 4 of 5 any breach by the other party of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar provision or condition at the same or at any prior or subsequent time. All remedies, either under this Agreement, by law, or otherwise, afforded to any party, shall be cumulative.

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

A. Wefunder Portal may amend the terms of an investment contract, provided that the amended terms are more favorable to the investor than the original terms; and

B. Wefunder Portal may reduce the amount of an investor's investment if the reason for the reduction is that the Company's offering is oversubscribed.

## RESTRICTIONS ON TRANSFER OF THE SECURITIES BEING OFFERED:

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

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

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

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

## DESCRIPTION OF ISSUER'S SECURITIES

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

| Class of Security | Securities (or Amount) Authorized | Securities (or Amount) Outstanding | Voting Rights |
| --- | --- | --- | --- |
| Class C Units | 1230 | 0 | No |
| Class B Units | 510 | 102 | Yes |
| Class A Units | 510 | 102 | Yes |

Securities Reserved for
Issuance upon Exercise or Conversion

Warrants:

Options:

Describe any other rights:

Class A Members are the Managers of the company and their Units are automatically generated by the number of Class B & C units sold.

Class B Members have voting rights.

Class C Members have no voting rights.

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

Because the Investor holds no voting rights in the company, the holders of a majority-in-interest of voting rights in the Company could limit the Investor's rights in a material way. For example, those interest holders could vote to change the terms of the agreements governing the Company's operations or cause the

Company to engage in additional offerings (including potentially a public offering). These decisions could affect gross revenues and diminish payments made to investors.

Based on the risk that the company may never realize revenues or face a Default Event, the Investor may never see any returns.

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

No.

20. How could the exercise of rights held by the principal shareholders identified in Question 6 above affect the purchasers of the securities being offered?

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

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

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

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

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

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

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

- unrelated third party valuations of our common Units;
- the price at which we sell other securities, such as convertible debt or preferred Units, in light of the rights, preferences and privileges of our those securities relative to those of our common Units;
- our results of operations, financial position and capital resources;
- current business conditions and projections;
- the lack of marketability of our common Units;
- the hiring of key personnel and the experience of our management;
- the introduction of new products;

- the risk inherent in the development and expansion of our products;
- our stage of development and material risks related to our business;
- the likelihood of achieving a liquidity event, such as an initial public offering or a sale of our company given the prevailing market conditions and the nature and history of our business;
- industry trends and competitive environment;
- trends in consumer spending, including consumer confidence;
- overall economic indicators, including gross domestic product, employment, inflation and interest rates; and
- the general economic outlook.

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

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

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

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

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

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

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

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

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

A sale of the issuer or of assets of the issuer. As a minority owner of the Company,

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

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

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

None.

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

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

| Offering Date | Exemption | Security Type | Amount Sold | Use of Proceeds |
| --- | --- | --- | --- | --- |
| 11/2022 | Section 4(a)(2) |  | $77,000 | General operations |
| 12/2022 | Section 4(a)(2) |  | $25,000 | General operations |

26. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer's last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12- month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:

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

☑ Yes
☐ No

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

| Name | Remington Smith |
| --- | --- |
| Amount Invested | $25,000.00 |
| Transaction type | Other |
| Issue date | 12/19/22 |
| Relationship | Owner |

Waterfall Agreement. $1000 per Class B Unit, 15% ROI, 50/50 split on Net Proceeds.

INSTRUCTIONS TO QUESTION 26: The term transaction includes, but is not limited to, any financial transaction, arrangement or relationship (including any indebtedness or guarantee of indebtedness) or any series of similar transactions, arrangements or relationships.

Beneficial ownership for purposes of paragraph (2) shall be determined as of a date that is no more than 120 days prior to the date of filing of this offering statement and using the same calculation described in Question 6 of this Question and Answer format.

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

Compute the amount of a related party’s interest in any transaction without regard to the amount of the profit or loss involved in the transaction. Where it is not practicable to state the approximate amount of the interest, disclose the approximate amount involved in the transaction.

## FINANCIAL CONDITION OF THE ISSUER

27. Does the issuer have an operating history?

☐ Yes
☑ No

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

### Management’s Discussion and Analysis of Financial Condition and Results of Operations

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

#### Overview

Landlord is a Thriller by Tenured & Distributed Filmmaker about a Vampire Landlord

#### Milestones

Against Sunrise LLC was incorporated in the State of Kentucky in November 2021.

Since then, we have:

- Second-Rounder for Sundance Development Lab, 2019
- Crew diversity goal & no unpaid internships
- Director Remington Smith’s films have been distributed by PBS Reel South, Alter & The Atlantic
- Horror is the most profitable film genre
- Filming in a state with a refundable tax incentive (30-35%)
- The team has worked with Blumhouse, Netflix & cinematographer Dean Cundey (Halloween, The Thing)
- Hollywood is losing $10 billion a year due to a lack of diversity, according to a study in 2021

The Company is subject to risks and uncertainties common to early-stage companies. Given the Company's limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future.

### **Historical Results of Operations**

Our company was organized in November 2021 and has limited operations upon which prospective investors may base an evaluation of its performance.

- *Revenues & Gross Margin.* For the period ended December 31, 2022, the Company had revenues of $0 compared to the year ended December 31, 2021, when the Company had revenues of $0.
- *Assets.* As of December 31, 2022, the Company had total assets of $102,000, including $102,000 in cash. As of December 31, 2021, the Company had $0 in total assets, including $0 in cash.
- *Net Loss.* The Company has had net losses of $14 and net income of $0 for the fiscal years ended December 31, 2022 and December 31, 2021, respectively.
- *Liabilities.* The Company's liabilities totaled $0 for the fiscal year ended December 31, 2022 and $0 for the fiscal year ended December 31, 2021.

### **Related Party Transaction**

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

### **Liquidity & Capital Resources**

The Company has thus far been exclusively funded via $102,000 in sales of Class B Units.

The Company is 50% owned by Filmsmith Productions. Filmsmith Productions is founder Remington Smith's film investment company.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.

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

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

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

Against Sunrise LLC cash in hand is $102,000, as of February 2023. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 60 months.

No material changes or trends have occurred since the date our financials cover. We are merely continuing to raise funds.

All money raised will be put toward the production of the film. No revenue is expected until the film is sold to distributors, which we believe will occur in late 2024 or early 2025. We need to raise a minimum of $50k to produce the film.

We expect to be profitable within 3-5 years, pending the sale and release of the film, which are not guaranteed.

Outside of funds raised on Wefunder, we have raised $102,000 from direct pitches to investors over the last 8 months.

Development expenses for incidentals like updating the existing agreements for WeFunder are being covered by the founder, Remington Smith, via his separate film production company, Filmsmith Productions.

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

INSTRUCTIONS TO QUESTION 28: The discussion must cover each year for which financial statements are provided. For issuers with no prior operating history, the discussion should focus on financial milestones and operational, liquidity and other challenges. For issuers with an operating history, the discussion should focus on whether historical results and cash flows are representative of what investors should expect in the future. Take into account the proceeds of the offering and any other known or pending sources of capital. Discuss how the proceeds from the offering will affect liquidity, whether receiving these funds and any other additional funds is necessary to the viability of the business, and how quickly the issuer anticipates using its available cash. Describe the other available sources of capital to the business, such as lines of credit or required contributions by shareholders. References to the issuer in this Question 28 and these instructions refer to the issuer and its predecessors, if any.

## FINANCIAL INFORMATION

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

Refer to Appendix C, Financial Statements

I, Remington Smith, certify that:

(1) the financial statements of Against Sunrise LLC included in this Form are true and complete in all material respects ; and
(2) the financial information of Against Sunrise LLC included in this Form reflects accurately the information reported on the tax return for Against Sunrise LLC filed for the most recently completed fiscal year.

Remington Smith
Filmmaker, Professor

## STAKEHOLDER ELIGIBILITY

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

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

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

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

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

securities? ☐ Yes ☑ No

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

i. at the time of the filing of this offering statement bars the person from:

A. association with an entity regulated by such commission, authority, agency or officer? ☐ Yes ☑ No
B. engaging in the business of securities, insurance or banking? ☐ Yes ☑ No
C. engaging in savings association or credit union activities? ☐ Yes ☑ No

ii. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement? ☐ Yes ☑ No

(4) is any such person subject to an order of the Commission entered pursuant to Section 15(b) or 15B(c) of the Exchange Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:

i. suspends or revokes such person's registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal? ☐ Yes ☑ No

ii. places limitations on the activities, functions or operations of such person?

☐ Yes ☑ No

iii. bars such person from being associated with any entity or from participating in the offering of any penny stock? ☐ Yes ☑ No

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

i. any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder? ☐ Yes ☑ No

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

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

☐ Yes ☑ No

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

☐ Yes ☑ No

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

☐ Yes ☑ No

If you would have answered "Yes" to any of these questions had the conviction, order, judgment, decree, suspension, expulsion or bar occurred or been issued after May 16, 2016, then you are NOT eligible to rely on this exemption under Section 4(a)(6) of the Securities Act.

INSTRUCTIONS TO QUESTION 30: Final order means a written directive or declaratory statement issued by a federal or state agency, described in Rule 503(a)(1) of Regulation Crowdfunding, under applicable statutory authority that provides for notice and an opportunity for hearing, which constitutes a final disposition or action by that federal or state agency.

No matters are required to be disclosed with respect to events relating to any affiliated issuer that occurred before the affiliation arose if the affiliated entity is not (i) in control of the issuer or (ii) under common control with the issuer by a third

party that was in control of the affiliated entity at the time of such events.

# OTHER MATERIAL INFORMATION

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

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

The Company is using the services of XX as part of its offering. XX is comprised of XX Investments, LLC, XX Team LLC, and the Lead Investors who provide services on behalf of XX Team LLC. The services of XX are available to companies that offer securities through Wefunder Portal LLC and to investors who invest in such companies through Wefunder Portal, but XX is not affiliated with Wefunder Portal or its affiliates.

XX Investments is the Company's transfer agent and also acts as custodian, paying agent, and proxy agent on behalf of all investors that enter into the Custodial and Voting Agreement with XX Investments through the Wefunder Portal website ("Investors"). XX Investments holds legal title to the securities the Company issues through Wefunder Portal (which are uncertificated) on behalf of Investors. Investors, in turn, hold the beneficial interests in the Company's securities. XX Investments keeps track of each Investor's beneficial ownership interest and makes any distributions to the Investors (or other parties, as directed by the Investors).

In addition to the above services, at the direction of XX Team, XX Investments votes the securities and take any other actions in connection with such voting on behalf of the Investors. XX Investments acts at the direction of XX Team, because XX Team holds a power of attorney from each Investor that has entered into the Investor Agreement to make voting decisions on behalf of that Investor. XX Investments will not charge Investors for its services. XX Investments does charge the Company $1,000/year for services; however, those fees may be paid by Wefunder Inc. on behalf of the Company.

As noted, XX Team holds a power of attorney from each Investor that has entered into the Investor Agreement to make voting decisions on behalf of that Investor. Pursuant to the power of attorney, XX Team will make voting decisions and then direct XX Investments to vote and take any other actions in connection with the voting on Investors' behalf. XX Team will act, with respect to the Company, through our Lead Investor, who is a representative of XX Team. As compensation for its voting services, each Investor authorizes XX Investments to distribute to XX Team 10% of any distributions the Investor would otherwise receive from the Company. XX Team will share its compensation with our Lead Investor. XX Team, through our Lead Investor, may also provide consulting services to the Company and may be compensated for these services by the Company; although, fees owed by the Company may be paid by Wefunder Inc. XX Team will share its consulting compensation with our Lead Investor.

The Lead Investor is an experienced investor that we choose to act in the role of Lead Investor, both on behalf of the Company and on behalf of Investors. As noted, the Lead Investor will be a representative of XX Team and will share in compensation that XX Team receives from the Company (or Wefunder Inc. on the Company behalf) or from Investors. The Lead Investor will be chosen by the Company and approved by Wefunder Inc., and the identity of the Lead Investor must be disclosed to Investors before Investors make a final investment decision to purchase the Company's securities. Investors will receive disclosure regarding all fees that may be received by the Lead Investor. In addition to the fees described above, the Lead Investor may receive compensation if, in the future, Wefunder Advisors LLC forms a special purpose vehicle ("SPV") for the purpose of investing in a non-Regulation Crowdfunding offering of the Company. In such a circumstance, the Lead Investor may act as a portfolio manager for that SPV (and as a supervised person of Wefunder Advisors) and may be compensated through that role. Although the Lead Investor may act in multiple roles and be compensated from multiple parties, the Lead Investor's goal is to maximize the value of the Company and therefore maximize the value of the Company's securities. As a result, the Lead Investor's interests should always be aligned with

the most of the investors.

Investors that wish to purchase the Company's securities through Wefunder Portal must agree to (1) hire XX Investments to serve as custodian, paying agent, and proxy agent with respect to the Company's securities; (2) give a power of attorney to XX Team to make all voting decisions with respect to the Company's securities; and (3) direct XX Investments to share 10% of the Investor's distribution from the Company with XX Team. The Company may waive these requirements for certain investors with whom the Company has a pre-existing relationship.

The XX arrangement described above is intended to benefit the Company by allowing the Company to reflect one investor of its capitalization table (XX Investments) and by simplifying the voting process with respect to the Company's securities by having one entity (XX Team), through one person (the Lead Investor), make all voting decisions and having one entity (XX Investments) carry out XX Team's voting instruments and any take any related actions. The XX arrangement also is intended to benefit Investors by providing the services of an experienced Lead Investor (acting on behalf of XX Team) who is expected to make value-maximizing decisions regarding Investors' securities. XX Team (acting through the Lead Investor) may further benefit both the Company and Investors by providing consulting services to the Company that are intended to maximize both the value of the Company's business and also the value of its securities.

*INSTRUCTIONS TO QUESTION 30: If information is presented to investors in a format, media or other means not able to be reflected in text or portable document format, the issuer should include:*

*(a) a description of the material content of such information;*

*(b) a description of the format in which such disclosure is presented; and*

*(c) in the case of disclosure in video, audio or other dynamic media or format, a transcript or description of such disclosure.*

## ONGOING REPORTING

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

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

33. Once posted, the annual report may be found on the issuer's website at:

www.theremingtonsmith.com/invest

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

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

## APPENDICES

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

Early Bird Landlord Waterfall Funding Agreement

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Remington Smith

Appendix E: Supporting Documents

ttw_communications_118651_233038.pdf

ttw_communications_118651_233038.pdf

ttw_communications_118651_233039.pdf

ttw_communications_118651_233436.pdf

AGAINST_SUNRISE_Operating_Agreement_123k__WeFunder_02162023_.pdf

# Signatures

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

The following documents will be filed with the SEC:

Cover Page XML

Offering Statement (this page)

Appendix A: Business Description & Plan

Appendix B: Investor Contracts

Early Bird Landlord Waterfall Funding Agreement

Landlord Waterfall Funding Agreement

Appendix C: Financial Statements

Financials 1

Appendix D: Director & Officer Work History

Remington Smith

Appendix E: Supporting Documents

ttw_communications_118651_233038.pdf

ttw_communications_118651_233038.pdf

ttw_communications_118651_233039.pdf

ttw_communications_118651_233436.pdf

AGAINST_SUNRISE_Operating_Agreement_123k__WeFunder_02162023_.pdf

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

Against Sunrise LLC

By

Remington Smith

Writer/Director/Producer

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

*Remington Smith*

Writer/Director/Producer

2/24/2023

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

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

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

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

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

## INVEST IN LAND LORD FILM

# Social Thriller by Tenured & Distributed Filmmaker about a Vampire Landlord

### LEAD INVESTOR

**Matt Ampleman**

My wife Eliza and I are proud to be lead investors for Land Lord. We have followed Remington Smith's prior documentary and horror films which show his eye for cutting social commentary and engrossing stories. His films (The Woods, The Derby, Rubbertown) grab the audience and leave us talking--to fellow audience members, friends, strangers. His newest work Land Lord promises to capture the spirit of recent films (Us, Get Out, Sorry to Bother You) that use the tropes of the thriller and horror genres to spark conversations about real fears and cultural issues. We understand Land Lord will involve diverse teams, opening opportunities for up-and-coming, local professionals to further their careers. Finally, we believe in Remington Smith's vision and his ability to combine his proven skills in genre fiction and documentary styles of filmmaking (The Woods, The Derby) to create this unique yet highly marketable feature film.

Invested $1,000 this round & $5,000 previously

theremingtonsmith.com

Louisville Kentucky

# Highlights

1. Second-Rounder for Sundance Development Lab, 2019
2. Crew diversity goal & no unpaid internships
3. Director Remington Smith's films have been distributed by PBS Reel South, Alter & The Atlantic
4. Horror is the most profitable film genre
5. Filming in a state with a refundable tax incentive (30-35%)
6. The team has worked with Blumhouse, Netflix & cinematographer Dean Cundey (Halloween, The Thing)
7. Hollywood is losing $10 billion a year due to a lack of diversity, according to a study in 2021

# Our Team

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

**Remington Smith** Writer/Director/Producer

Remington Smith's films have screened at over 100 film festivals & conferences, including the Oscar-qualifying Riverrun, and distributed by PBS, Alter & The Atlantic. He's a tenured film production professor at the University of Louisville.

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

**Thoughtfly** Post-Production House

Thoughtfly has handled post-production work on such films as Family Blood, released by Blumhouse Productions & Netflix starring Vinessa Shaw and James Ransone, as well as The Dark and The Wicked, starring Michael Abbott Jr and released by Shudder.

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

### **Ryan Darbonne** Associate Producer

Ryan Darbonne is an Austin, TX filmmaker whose work has been featured by publications including Noisey & Ovrld. His narrative short, I AM TX, screened at and the Oscar-qualifying New Orleans Film Festival. His latest film is WHAT THEY FOUND.

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

### **Abi Van Andel** Associate Producer

Abi Van Andel is an actor & producer who played opposite Mark Ruffalo in Dark Waters and recently co-produced the feature, M30 Oxy. She's currently the treasurer of Women in Film KY, whose mission is to support Kentucky women in the screen industries.

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

### **Geoff Storts** Cinematographer

Geoffrey Starts is an award-winning cinematographer whose work has screened at Filmapalooza. He has worked alongside legendary cinematographer Dean Cundey (Halloween) and 1st AC'd for numerous local features including the Nicolas Cage film, Mom & Dad.

## **Pitch**

# **Land Lord, 1min visual test**

### **Password Required**

If you've got it, enter it below.

Password

Watch Video

www.

https://vimeo.com/793444124 Password: 2023

# The Story

If vampires can’t come into your house without being invited, what happens if a vampire owns your housing? That’s the premise of *Land Lord*, a fresh take on vampires that draws on my experiences growing up poor in apartment complexes like the one in the movie.

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

Growing up in poverty is all about survival, so it’s natural that I would grow up loving a genre that’s all about life & death scenarios. Horror movies are all about survival and I’ve long been a fan of its capability to reflect larger truths about our own world (*Night of the Living Dead, Get Out*). *Land Lord* bridges those personal experiences and my ongoing work as a filmmaker trying to provide a platform for underrepresented voices. *For more on the story, style and tone, click here to*

*download the full pitch deck.*

# Previous Films

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

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

# Reviews

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

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

*The Atlantic*

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

*'A very clever, tightly-executed present-day cinematic twist on the classic vampire yarn, with some interesting socio-political subtext.' - Slamdance Screenplay Competition, Land Lord*

*'This is a powerful, horrifying short film that utterly captured my attention over the eight or so minutes that it runs. It's quiet, beautiful and haunting, all at once.' - io9.com, The Woods*

*'The observational approach affords a depth of perspective that travels beyond the iconic imagery of thoroughbred horses and jocular patrons.' - The Atlantic, The Derby*

*'It's a simple and effective cinematic journey that emphasizes a salient point about class without ever belaboring it.' - Short of the Week, The Derby*

# The Plan

Audience for Scares & Diversity

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

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

- Horror is the most profitable film genre and the subgenre of scary movies with social commentary angles, “social thrillers”, have proven equally profitable.
- Films with more diversity yield better returns and yet are still undervalued by Hollywood to the tune of $10 billion dollars.
- Even in the wake of the pandemic, horror movies are doing great at the box office. 2022 horror movies Barbarian, Smile & X earned 10x, 12x & 15x their budgets back respectively from theatrical ticket sales alone.

# Timeline

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

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

- **Production** of Land Lord will take place in the summer of 2023. With our crew diversity goal, we are assembling a team of filmmakers that reflect the demographics of our city, which will also include my former film production students.
- Using our community ties, we can make our production budget go further than outside production companies. Much of the crew has already worked on movies shot here in Louisville, KY you may have seen - Nicolas Cage in *Mom & Dad* and Jesse Eisenberg in *The Art of Self-Defense*.
- **Post-Production** will follow in late summer of 2023 to finish sound and color. Work on the score with composer Joe Stockton is already in the works.

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

- **Release** of the film will be in 2024. We will target a world premiere at a high profile genre film festival like SXSW, Sitges, or Fantastic Fest.

- Distribution opportunities are plentiful in the genre market for social thrillers like ours: theatrical (A24, IFC Midnight, Blumhouse), subscription streamers (Shudder, Screambox), and ad supported streamers (Tubi, Freevee, Pluto TV) affirm there are both distribution channels and an audience for our film.

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

- Return on investment timeline is expected to be within 3-5 years, then splitting ongoing net proceeds 50/50 between filmmakers and investors for the rest of their lives. The filmmakers do not see a dime until the investors are paid back + their promised percentage.

# Director's Statement

Click here to read.

# Pitch Deck

Click here to read.

*Reference images solely for style & tone*

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

## Downloads

Land Lord deck Wefunder.pdf

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

# MEMBERSHIP INTEREST PURCHASE AGREEMENT

This Membership Interest Purchase Agreement (the "Agreement"), dated as of [DATE], (the "Effective Date"), is entered by and between Against Sunrise, LLC ("Company") and [INVESTOR NAME] ("Purchaser").

WHEREAS, the Company has been established to produce, own, and exploit a Motion Picture based on the script known as "Land Lord", written by Remington Smith, (the "Project") and desires to sell Class C membership interests in the Company to Purchasers in the minimum amount of $50,000 (the "Minimum Amount") and maximum amount of $123,000 (unless such maximum is raised by the Company per the Company's Operating Agreement (as defined below));

WHEREAS, Purchaser desires to purchase Class C membership interests in the Company; and

WHEREAS, Company desires to sell such membership interests to Purchaser on the terms and conditions set forth herein;

NOW, THEREFORE, in consideration of the mutual promises, representations, warranties, and covenants hereinafter set forth and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

# 1. Agreement to Sell and Purchase.

1.1. Sale and Purchase of Units. Company hereby agrees to sell [UNITS] fractional Class C membership units (the "Units") to Purchaser at the cost of One Hundred Dollars and No Cents ($100.00) per 0.1 unit and Purchaser hereby agrees to purchase the Fractional Units from Company (the "Transaction") in consideration of the total sum of $[AMOUNT] (the "Purchase Price"). The Company hereby approves the Transaction. The Fractional Units have all the rights, preferences, privileges and restrictions set forth in the Company's Articles of Organization (the "Articles") and Operating Agreement (the "Operating Agreement," and collectively with the Articles, the "Organizational Documents").

2. Representations and Warranties of Company. Company hereby represents and warrants to Purchaser as of the date of this Agreement and as of the Funding as set forth below:

2.1. Company has the requisite power and authority to execute and deliver this Agreement to assign and sell the Units and to carry out the provisions of this Agreement.
2.2. All Company action, and the action of its officers, managers and members, necessary for the authorization of this Agreement, the performance of all obligations of the Company hereunder and the sale, issuance and delivery of the Units pursuant hereto has been taken.

3. Representations, Warranties and Acknowledgements of Purchaser. Purchaser hereby represents and warrants to Company that:

3.1. Purchaser has all necessary power and authority to execute and deliver this

Class C Membership Purchase Agreement

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Agreement and to carry out its provisions. All action on Purchaser's part required for the lawful execution and delivery of this Agreement has been taken. Upon Purchaser's execution and delivery, this Agreement will constitute valid and binding obligations of Purchaser, enforceable in accordance with the terms hereof, except as such enforceability may be limited by, or subject to, any bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors' rights generally and subject to general principles of equity.

3.2. Purchaser has sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of an unregistered, non-liquid investment such as an investment in the Company and has evaluated the merits and risks of such an investment. Purchaser is not relying on the Company or the Managers with respect to the corporate tax, legal and economic considerations involved in this investment. Purchaser understands that the offer and sale of the Units has not been approved or disapproved by the Securities and Exchange Commission or any other governmental entity.

3.3. Purchaser has the capacity to protect the Purchaser's own interests, and Purchaser is able to bear the economic risk of this investment indefinitely.

3.4. Purchaser has had an opportunity to ask questions of, and receive answers from, the Company and its managers ('Managers') concerning the terms and conditions of the sale of the contemplated hereby, and has had an opportunity to obtain additional information from the Company and Managers to the extent deemed necessary or advisable by the Purchaser in order to verify the accuracy of the information obtained. Purchaser has, to the extent deemed necessary by Purchaser, consulted with his, her or its own advisors (including Purchaser's attorney, accountant and/or investment advisor) regarding Purchaser's investment in the Units and understands the significance and effect of the representations, warranties, acknowledgments and agreements set forth in this Agreement.

3.5. The overall commitment of Purchaser to investments that are not readily marketable is not disproportionate to the net worth of Purchaser, and Purchaser's acquisition of the Units will not cause such overall commitment to become excessive. Purchaser understands that a total loss of its investment is possible. Purchaser acknowledges that it is capable of bearing a complete loss of its investment in the Company.

3.6. Purchaser acknowledges that (i) the Company has no operating history from which to evaluate the business and prospects of the Company, the Project, or the investment, (ii) the business of film production involves a high degree of risk, and is subject to the influence of numerous factors which are outside of the control of the Company or its agents, and (iii) such Investor may lose the entire value of its investment if following the successful release of escrow the Project cannot be completed or is not commercially successful.

Class C Membership Purchase Agreement

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3.7. Purchaser is acquiring the Units solely for his, her or its own account, for investment purposes only, and not with a view towards their resale or distribution.

3.8. No Brokers, Finders, etc. Purchaser has not employed any broker, financial advisor or finder or incurred any liability for any brokerage fees, commissions, finder's or other similar fees or expenses in connection with the transactions contemplated by this Agreement.

3.9. Purchaser has received and read the Operating Agreement and specifically consents to be bound by the terms and condition thereto.

#### **4. Miscellaneous.**

4.1. The parties hereto agree to execute such further instruments and to take such further action as may reasonably be necessary to consummate the transactions contemplated by this Agreement.

4.2. Governing Law. This Agreement shall be governed by and construed under the laws of the Commonwealth of Kentucky in all respects as such laws are applied to agreements entered into and performed entirely within the Commonwealth of Kentucky, without giving effect to conflict of law principles thereof. The parties agree that any action brought by either party under or in relation to this Agreement, including without limitation to interpret or enforce any provision of this Agreement, shall be brought in, and each party agrees to and does hereby submit to the jurisdiction and venue of, any state or federal court located in Louisville, Jefferson County, Kentucky.

4.3. Survival. The representations, warranties, covenants and agreements made herein shall survive the Funding and Closing Date of the transactions contemplated hereby.

4.4. Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be binding upon the parties hereto and their respective successors, assigns, heirs, executors and administrators and shall inure to the benefit of and be enforceable by each person who shall be a holder of the Units from time to time.

4.5. Entire Agreement. This Agreement, the exhibits and schedules hereto, along with the other Organizational Documents, constitute the full and entire understanding and agreement between the parties with regard to the subject matter hereof and no party shall be liable for or bound to any other in any manner by any oral or written representations, warranties, covenants and agreements except as specifically set forth herein and therein.

4.6. Severability. In the event one or more of the provisions of this Agreement should, for any reason, be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Agreement, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision had never been contained herein.

4.7. Amendment and Waiver. This Agreement may be amended, modified, or superseded, and the terms or covenants hereof may be waived, only by a written instrument executed by both parties hereto or, in the case of a waiver, by the party waiving compliance. Except as otherwise specifically provided in this Agreement, no waiver by either party hereto of

Class C Membership Purchase Agreement

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any breach by the other party of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar or dissimilar provision or condition at the same or at any prior or subsequent time. All remedies, either under this Agreement, by law, or otherwise, afforded to any party, shall be cumulative.

4.8. Notices. All notices required or permitted hereunder shall be in writing and shall be deemed effective (a) upon personal delivery to the party to be notified, (b) when sent by confirmed electronic mail, telex or facsimile if sent during normal business hours of the recipient, if not, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt requested, postage prepaid, or (d) upon signature confirming delivery by overnight courier. All communications shall be sent to addresses given below the signatures of the parties to this Agreement or at such other address or electronic mail address as Company or Purchaser may designate by ten (10) days advance written notice to the other party hereto. A copy of any notice to Company shall be sent to Ackerson & Yann PLLC, 734 West Main Street - Suite 200, Louisville, Kentucky 40202, attn: Jeremy J. Beck, Esq.
4.9. Expenses. Each party shall pay all costs and expenses that it incurs with respect to the negotiation, execution, delivery and performance of the Agreement.
4.10. Titles and Subtitles. The titles of the sections and subsections of the Agreement are for convenience of reference only and are not to be considered in construing this Agreement.
4.11. Counterparts. This Agreement may be executed in counterparts, each of which shall be an original, but all of which together shall constitute one instrument.
4.12. Broker's Fees. Each party hereto represents and warrants that no agent, broker, investment banker, person or firm acting on behalf of or under the authority of such party hereto is or will be entitled to any broker's or finder's fee or any other commission directly or indirectly in connection with the transactions contemplated herein.
4.13. Indemnification. Each party hereby agrees to indemnify and hold harmless the other party and its successors, assigns, controlling persons, affiliates and agents from and against any and all losses, damages, liabilities, costs and expenses (including reasonable outside attorneys' fees and expenses) incurred or sustained by reason of, or in connection with, any breach of any representation, warranty, covenant or agreement contained in this Agreement.
4.14. Exculpation By Purchaser. Purchaser acknowledges that it is not relying upon any representation or warranty of Company in entering in this transaction or deciding to invest in Company. Purchaser agrees that neither Company nor Company's officers, managers, members, agents or employees shall be liable to Purchaser for any action heretofore or hereafter taken or omitted to be taken by any of them in connection with the purchase of the Units.

< signature page follows >

Class C Membership Purchase Agreement

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IN WITNESS WHEREOF, the parties have executed this agreement as of [EFFECTIVE DATE].

Number of Units: [UNITS]

Aggregate Purchase Price: $[AMOUNT]

COMPANY:

Against Sunrise LLC

Founder Signature

Name: [FOUNDER_NAME]

Title: [FOUNDER_TITLE]

Read and Approved (For IRA Use Only):

SUBSCRIBER:

By:

Investor Signature

By:

Name: [INVESTOR NAME]

Title: [INVESTOR TITLE]

The Subscriber is an “accredited investor” as that term is defined in Regulation D promulgated by the Securities and Exchange Commission under the Securities Act.

Please indicate Yes or No by checking the appropriate box:

☐ Accredited

☑ Not Accredited

SIGNATURE PAGE

TO

SUBSCRIPTION AGREEMENT

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

**Against Sunrise, LLC**

**Financial Statements**

*For the Fiscal Year Ended December 31, 2022 and 2021*

*(Internally generated)*

*(Unaudited)*

# Against Sunrise, LLC

Balance Sheet

As of December 31, 2022 and 2021

|  | 2022 | 2021 |
| --- | --- | --- |
| ASSETS |  |  |
| Current Assets |  |  |
| Cash | $102,000.00 | 0.00 |
| Total Current Assets | 102,000.00 | 0 |
| TOTAL ASSETS | 102,000.00 | 0 |

LIABILITIES AND MEMBERS' EQUITY

| Liabilities | 0 | 0 |
| --- | --- | --- |
| Members' Equity | 102,000.00 | 0 |
| TOTAL LIABILITIES AND MEMBERS' EQUITY | 102,000.00 | 0 |

# Against Sunrise, LLC

## Statement of Operations

For the Year Ended December 31, 2022 and 2021

|  | 2022 | 2021 |
| --- | --- | --- |
| Operating Income | $0.00 | 0.00 |
| GROSS PROFIT | 0.00 | 0.00 |
| Operating Expenses |  |  |
| Bank Charges & Fees | 14.00 | - |
| Total Operating Expenses | 14.00 | 0 |
| NET INCOME | (14.00) | 0 |

# Against Sunrise, LLC

## Statement of Members' Equity

For the Year Ended December 31, 2022 and 2021

|  | 2022 | 2021 |
| --- | --- | --- |
| MEMBER'S EQUITY - BEGINNING | $0.00 | 0.00 |
| Contributions | 102,014.00 | 0.00 |
| Net Income (Loss) | (14.00) | 0.00 |
| MEMBER'S EQUITY - ENDING | $102,000.00 | 0.00 |

# Against Sunrise, LLC

## Statement of Cash Flows

For the Year Ended December 31, 2022 and 2021

|  | 2022 | 2021 |
| --- | --- | --- |
| CASH FLOWS FROM OPERATING ACTIVITIES |  |  |
| Net Income (Loss) | $(14.00) | - |
| Net Cash Flows From Operating Activities | (14.00) | 0.00 |
| CASH FLOWS FROM FINANCING ACTIVITIES |  |  |
| Member Contributions | 102,014.00 | 0.00 |
| Net Cash Flows From Financing Activities | 102,014.00 | 0.00 |
| CASH - BEGINNING | 0.00 | 0.00 |
| NET INCREASE IN CASH | 102,000.00 | 0.00 |
| CASH - END | $102,000.00 | 0.00 |

# Against Sunrise, LLC

## Notes to the Financial Statements

For the Year Ended December 31, 2022 and 2021

### 1. ORGANIZATION AND PURPOSE

Against Sunrise, LLC (the “Company”), is an LLC organized under the laws of the State of Kentucky. The Company will produce a motion picture currently entitled “Land Lord (the “Picture”) and derives revenue from the distribution of and rights exploitation of the Picture.

### 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A summary of the Company’s significant accounting policies applied in the preparation of the accompanying financial statements follows:

#### a) Basis of Accounting

The Company prepares its financial statements on an accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (GAAP). Under the accrual basis of accounting, revenues are recorded when earned and expenses are recorded at the time liabilities are incurred.

#### b) Fiscal Year

The Company operates on a 52-week fiscal year ending on December 31.

#### c) Cash Equivalents

Cash and cash equivalents include cash and short-term highly liquid investments with an original maturity of three months or less held in domestic financial institutions. For the fiscal years ended December 31, 2022 and December 31, 2021, the Company’s cash positions include its operating bank account.

#### d) Legal Fees

Legal fees consist of legal services provided for the creation of the Company and equity financing.

#### e) Use of Estimates

The preparation of financial statements requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

### 3. SUBSEQUENT EVENT

The Company has evaluated events and transactions subsequent to the period. No events require recognition in the financial statements or disclosures of the Company per the definitions and requirements of ASC Section 855-10, Subsequent Events.

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

Contact

www.linkedin.com/in/remington-smith-b71a5277 (LinkedIn)

Top Skills

Film Production
Video Editing
Film

Languages

French

Honors-Awards

Best Horror Short
Spotlight Horror Film Awards
Best Film
Executive Board Member of the Year

# Remington Smith

Director, Producer
Louisville Metropolitan Area

## Summary

I'm a working filmmaker and educator, producing narrative and fiction films while connecting students to resources in the field.

## Experience

Against Sunrise LLC

Owner

November 2021 - Present (1 year 4 months)

LLC for a feature film shooting Summer 2023

University of Louisville

Associate Professor

August 2016 - Present (6 years 7 months)

Louisville, KY

While continuing my work as a filmmaker producing documentaries and narrative projects, I teach film production and film studies courses and connect students to film opportunities on and off campus.

Filmsmith Productions

Director/Producer

September 2006 - Present (16 years 6 months)

Making independent fiction and documentary films since 2006. Attached projects have all been produced, directed, edited, and written by me.

City of Atlanta

Videographer

July 2015 - July 2016 (1 year 1 month)

Atlanta

Responsible for shooting and editing short news and documentary programs for the City of Atlanta.

The University of Iowa

3 years 11 months

Creative Media Consultant

Page 1 of 3

March 2014 - June 2015 (1 year 4 months)

Producer/Camera Operator/Editor

Documentary on student veterans for the Military and Student Veteran

Services department of the University of Iowa. Project will be sent to Veteran

Affairs for potential disbursement to college campuses nationwide.

Primary Instructor

August 2011 - June 2014 (2 years 11 months)

Primary instructor for several production classes for undergraduate students,

including Modes of Film and Video Production (intro to film production),

Screenwriting, and Fiction Film Production.

Duties included creating syllabi, selecting texts, creating lesson plans, doing

tech demos of film equipment, and mentoring emerging filmmakers.

CoralVision

Camera Operator/Editor/Producer

December 2010 - June 2015 (4 years 7 months)

Operated various HD cameras for live events or community documentary

work, including the Canon 6D, Canon XF 300, Canon XF 100, and DV

cameras including the Canon XL2. This work also included work with different

microphones and light kits. 15 passenger van experience as well.

I also performed producer functions for larger events, including organizing

necessary crew members, craft services, and shooting schedules. Also have

experience with TriCaster and directing camera crew for live event coverage.

Hud:sun Media

Freelance Camera Operator

October 2014 - November 2014 (2 months)

Camera Operator for Ashton Kutcher home renovation video

Willowwind School

Summer Camp Teacher

July 2014 - 2014 (less than a year)

Created a syllabus for, and taught, a week long film production camp for 3rd

through 6th graders at the Willowwind School.

Page 2 of 3

Students were guided through the various stages of production in groups of four in order to write a script, draw storyboards, shoot their film, edit it, and burn it to a DVD.

#### City Channel 4

##### Camera Operator

September 2010 - June 2011 (10 months)

Operated various HD video cameras for live event coverage or single camera programs and edited programs for television broadcast. Also experienced setting up and operating TriCaster and directing camera operators.

#### University of Louisville

##### Film Committee Chair

April 2006 - April 2008 (2 years 1 month)

Programmed weekly films for the campus movie theater, The Floyd Theatre. Duties included promoting Film Committee and the Floyd Theatre, creating special events with university organizations (Commonwealth Center for the Humanities and Society) and community organizations (Louisville Film Society), contacting distributors for bookings, leading weekly Film Committee meetings with 8-12 members to coordinate weekly advertising campaigns and film selections, and managing The Floyd Theatre staff.

Achievements included bringing independent cinema back to Louisville, dramatically increased attendance, executing a new branding campaign across digital and print formats, creating the Floyd Film Festival, buttressing a burgeoning film community, and creating a welcoming space for Floyd Theatre patrons and Film Committee members alike.

## Education

#### University of Iowa

Master of Fine Arts (MFA), Cinematography and Film/Video

Production · (2011 - 2014)

#### The University of Edinburgh

Master of Arts (M.A.), Film/Cinema/Video Studies · (2009 - 2010)

#### University of Louisville

Bachelor of Arts (B.A.), History · (2004 - 2008)

Page 3 of 3

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

VAMPIRE-OWNED SINCE 1902

# LAND LORD

FEATURE FILM PROPOSAL

REMINGTON SMITH

# *CONTENTS*

| LOGLINE | 3 |
| --- | --- |
| CREATOR'S STATEMENT | 5 |
| STORY | 6 |
| CHARACTERS | 16 |
| WORLD | 29 |
| STYLE, TONE, LOOK & EXECUTION | 32 |
| COMPARABLES | 36 |
| REACH | 39 |
| CREATOR BIO | 41 |
| CONTACT | 43 |

# LOGLINE

WHEN A BOUNTY HUNTER MOVES INTO A RUNDOWN APARTMENT COMPLEX, SHE IS FORCED TO PROTECT AN ORPHANED BOY FROM THE VAMPIRE LANDLORD.

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

LAND LORD 3

BIBLIOTHEK

# LAND LORD

IS A SOCIAL THRILLER WITH THE ATMOSPHERE OF AN INDIE DRAMA AND THE SPECIAL EFFECTS SUSPENSE OF A HORROR FILM.

A woman with no name chases a stolen briefcase. A young boy with a love for matches and a knack for mischief gets in her way. His mother’s murder brings them together, setting off a search for answers that leads them to the vampire landlord. Can the pair prevail against the monster and his henchmen?

A horror film that crafts character and story like a drama. A thriller that combines shootouts with the uncanny. A movie with an underlying commentary on class and race in America. *Land Lord* is a new take on the vampire film.

LAND LORD 4

## CREATOR'S STATEMENT

When I was little I obsessively watched two things: horror movies and the news. One made me anxious and scared, the other amazed me with special effects wizardry. This mix of monsters, on and off screen, birthed *Land Lord*. Vampires aren't real, but poverty, racism, abuse of power-these are forces that go bump in the night.

Poverty and the poor don't get much representation in movies unless the story is fixated on the struggle to get out. As someone who grew up on both food stamps and scary movies, and who's interested in new ways to approach horror, I drew on my personal experiences to make *Land Lord* into the vampire film I wish I'd seen as a kid.

LAND LORD 5

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

STOCK

# A RUNDOWN APARTMENT COMPLEX IN THE MIDDLE OF THE NIGHT.

Something floats through the sky. It goes through a 2nd floor window and kills a woman, then moves on to attack her son, ALEX. Cut to title.

Three days earlier: SHAY, a bounty hunter, arrives at the complex, tracking down a stolen briefcase. Alex spies the newcomer and despite her best efforts, Shay can't shake the curious kid. Shay notices strange disappearances and uncovers clues that implicate the apartment manager, CHRISTOPHER, and SHERIFF CONNOR.

When Shay discovers Christopher dumping body parts on the outskirts of town, she races back to the complex to finish her job

and get out of Dodge. Instead, she overhears Alex screaming and chooses to save the boy-and discovers JOHN WILLIAM LAWRENCE, the vampire landlord, standing over him about to feed.

Shay fights John off and saves Alex, but is bitten in the process. Although not cut out for babysitting, she resolves to find Alex a new home-somewhere safe away from all the bloodletting. Alex has plans of his own, and wants Shay's help to kill the vampire first. All the while, Sheriff Connor is on their trail. And Shay's bite wound is getting worse.

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As Shay and Alex work to untangle the web of violence, exploitation, and complicity, we see Lawrence's familiar, Christopher, longing to be turned by his vampire master. Christopher is only one of a long line of familiars Lawrence has used while preying upon society's most vulnerable members. Despite brutal arguments, the vampire provides no answer to Christopher's questions about when "it" will happen, focusing instead on his obsession with sunrises.

A shootout gets Shay the briefcase that would be her ticket out of this life-but leaves her with a bullet in her leg, Christopher dead,

and Alex rushing her to safe harbor with REVEREND MICHEAUX. Meanwhile, Connor breaks the news of Christopher's death and faces John's wrath.

Determined to redeem himself in his patron's eyes, Connor tracks our heroes to Michaeux's AME church where John, still grieving over Christopher's death, kidnaps Alex to become his new companion. Shay fights off Connor and his GUN THUGS, but loses Micheaux in the process. Grabbing crosses and holy oil, Shay races off into the night to save Alex and end this chaotic nightmare.

Over the course of the film, Shay and Alex do battle with powerful forces: on the one hand, the uncanny and supernatural; on the other, deeply human systems of injustice and oppression. To avenge Alex's mother and protect the townspeople from the vampire and his sheriff henchman, they will have to combine their wits, decide their loyalties, and face off against a host of evils to determine their fates.

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DRAFT

# CHARACTERS

# SHAY

30s, is an update on the Sergio Leone archetypal “Man with No Name” as a mysterious bounty hunter in it for the payday until she can retire to a cabin away from it all. Her mannerisms speak to military training and she can be cunning or forceful, adapting to any scenario. She’s been solo for a while, focused on her needs in a self-reliance that pushes others away. Shay is forced to question this lifestyle when Alex falls into her hands. Ditch the kid and move on? Or help him and risk her own life?

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# ALEX

11, loves playing with matches, and has a secret clubhouse and a loyal heart, but is lonely and isolated now that his few friends in the apartment complex have ominously gone missing. On the cusp of puberty, he’s eager to prove he’s more than just a kid and refuses to be sidelined just because of his age. After Shay takes him under her wing he looks up to and argues with her like an older sister or a cool aunt. Will Alex find his partner in crime or will he be left to fend for himself?

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© Copyright 2019 by the American Institute of Architects. All rights reserved.

# JOHN WILLIAM LAWRENCE

40s, is a wealthy man who became a vampire before the American Revolution. Despite having immortality and supernatural abilities, Lawrence is obsessed with the one thing he can never have-the sun. He spends his days alone in a farmhouse opulently decorated with paintings of sunrises, with Christopher & Sheriff Connor doing his bidding. After centuries of isolation, all that remains of his humanity is his fondness for Christopher, more a pet than a friend. Shay's escape with Alex sparks John's interest in the boy, first as food then future familiar. Will his exploitation of the apartment complex continue, or will Shay and Alex find a way to overcome the powerful elder?

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40s, serves as apartment complex manager and de facto steward of John William Lawrence. Christopher's graying temples and accumulating wrinkles have him asking, desperately, when his time will finally come to be turned. He chose to work for John as an avenue out of anonymous poverty and to ascend to the immortal state of his employer. As his fascination with the power of blood grows, he goes to greater and riskier lengths to prove himself to John in the search for Shay and Alex.

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MONTECARLOP

# SHERIFF CONNOR

50s, is hired to exert his official powers as Sheriff to keep John William Lawrence's deeds under wraps from prying eyes. To him John's predation on the apartment complex is a check on the country's parasites who are too lazy to pull themselves up by the bootstraps and instead want government handouts. Connor sees it as his personal obligation to keep order in a chaotic world, moral questions be damned.

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

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e

50s, has been the Reverend at the local AME church for several decades. Micheaux and his church are a support system for the apartment complex residents, delivering food and spiritual succor to those in need, including Alex and his mother. Micheaux is the first refuge Alex thinks of when Shay's wounded in a shootout at the complex. His faith is tested in ways he couldn't have imagined by the incredible tale of a vampire killing the very neighbors he has vowed to help. Could demons like the vampiric John truly exist? If true, how can they be conquered?

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# WORLD

*Land Lord* takes place in the overlooked corners of the United States. Neither distinctly rural or urban, the film is anchored by the bucolic but impoverished apartment complex Shay & Alex occupy. The inward facing apartments and grassy courtyards represent an ecosystem closed off from the outside world. A cheap motel, a ride on the city bus, a humble church-all of these locations reflect the day-to-day spaces for the poor and working class in America. It's real, lived in, existing with us in the here and now. With this foundation in place the horrors lurking in the night stand out with clearer contours.

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![A circular logo with a stylized 'C' and 'H' inside a circle. The text 'A circular' is written in a circle around the top, and 'H' is at the bottom. The text 'A circular' is written in a circle around the bottom, and 'H' is at the bottom.]()

# STYLE, TONE, LOOK, & EXECUTION

Show, don't tell. Observation without commentary. Practical effects over computer corrections. These are some of the aesthetic approaches to Land Lord, similar in tone to No Country for Old Men or Let the Right One In.

The visual style will be a marriage between indie dramas and 80s horror films. Daytime sequences will use natural sunlight and handheld compositions (embodied, living movements) in contrast to the artificial lighting and steadicam shot shadows (sterile, dead movements) of night time's horrors. As the characters from these worlds of night and day collide in the final climax, so too will these aesthetic approaches clash for dramatic emphasis.

The time and place will be neutral, neither explicitly urban or rural. Cell phones exist, but smartphones have not taken over yet, so Shay and Connor's flip phones are the only potential clues to a time period around 2000-2007. The film is intended to have a timeless quality to it, so overt cultural markers won't be apparent.

The soundtrack will also reflect this dramatic horror aesthetic, featuring new synth-wave rhythms like those from Drive and ominous emotional tones like the score for Sicario.

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# COMPARABLES

In terms of budget & genre, there are several titles in *Land Lord's* range which have also found distribution opportunities. Depending on film festival performance, *Land Lord* might find a home with IFC Midnight or A24, all of which offer at least limited theatrical runs for horror/thriller titles, sometimes moving to wide releases for favored titles. Should the major distributors pass, streaming platforms

remain in a battle for content that leaves opportunities to strike an exclusive deal with Hulu, Netflix, Amazon or Shudder.

Finally, as a production shooting in Kentucky, away from the expensive coasts but with experienced below the line crew members who produced *Mom & Dad* (Nicolas Cage, Selma Blair) and *The Art of Self Defense* (Jesse Eisenberg), we can get more value

than similarly budgeted films shot in LA or NY. Shooting on my home turf where I have long standing personal and professional relationships in the community equals more favors, more access, and more bang for our buck. We shot the visual test/teaser trailer for under $5K with many production elements secured in kind or at drastically reduced rates due to such local connections.

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# TONE

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

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# BUDGET

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# REACH

The film aims to explore a new take on vampires and intends to appeal broadly within the horror genre, across gender and racial lines. The success of Jordan Peele's *Get Out* has demonstrated an audience for more racially diverse horror stories, and market data indicate a strong audience for female-led horror films.

Among the horror audience in ages 15-24, women are the majority. 60% of the Top 30 grossing films from March 2018 - February 2019 were led by women and 'female attendance is higher where more women appear on screen and have more central roles.'

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

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[BBOX]0.0000,0.0000,1.0000,1.0000[/BBOX]Horror film audiences also tend to be working class. “Films with casts that were from 31-40% minority received the highest median global box office receipts, while those with majority-minority casts posted the highest median return on investment.”

Finally, compared to the *Underworld/Twilight* vampire boom of the 2000s, we’re no longer in the midst of a saturated market of vampire films. This leaves an opportunity to stand out amongst the present cycle of arthouse psychological horrors coming from A24 and a stream of franchise horror film spin-offs (*Saw*, *Conjuring*, etc.). *Land Lord* would, however, still fit into the growing trend of commercially successful social commentary horror films (“social thrillers”) like *Get Out, It Follows*.

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# CREATOR BIOGRAPHY

*REMINGTON SMITH*

WRITER / DIRECTOR

His work has been distributed by The Atlantic, PBS Reel South and Alter. He has screened at film festivals around the world, including the Oscar qualifying RiverRun. Most recently he earned a Vimeo Staff Pick and his script for *Land Lord* won 2nd place for Best Unproduced Screenplay at FilmQuest. He is a tenured professor of film production at the University of Louisville and you can see his work at theremingtonsmith.com.

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"A VERY CLEVER, TIGHTLY-EXECUTED PRESENT-DAY CINEMATIC TWIST ON THE CLASSIC VAMPIRE YARN, WITH SOME INTERESTING SOCIO-POLITICAL SUBTEXT."

- SLAMDANCE SCREENPLAY COMPETITION

**REMINGTON SMITH**

*WRITER / DIRECTOR*

theremingtonsmith@gmail.com

www.theremingtonsmith.com

**THANK YOU**

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

# **OPERATING AGREEMENT**  
**of**  
**AGAINST SUNRISE, LLC**  
**a Kentucky Limited Liability Company**

This Operating Agreement (this “Agreement”) is made effective as of the 16th day of Feb, 2023 (the “Effective Date”) by and among those parties who are signatories to this Agreement, as Members of **Against Sunrise, LLC**, a Kentucky limited liability company (hereinafter referred to as the “**Company**”). The parties hereto enter into this Agreement as the Company’s and their binding operating agreement for all purposes permitted under Kentucky law.

**WHEREAS**, the parties have agreed to organize and operate a limited liability company in accordance with the terms and subject to the conditions set forth in this Agreement;

**NOW, THEREFORE**, for good and valuable consideration, the parties, intending legally to be bound, agree as follows:

1.  **Defined Terms.** For clarity and readability, this Agreement includes several terms which are specifically defined and are capitalized in the text of this Agreement. Attached hereto as Exhibit A is a list of defined terms which shall have the meanings specified therein. Other defined terms which are not listed in *Exhibit A* are specifically defined in the text of this Agreement.

# 1. 2. **Formation and Name: Office; Purpose; Term.**

2.1. **Organization.** The Class A Member, Filmsmith Productions, LLC, has caused a limited liability company to be organized pursuant to the Law and the provisions of this Agreement and, for that purpose, has executed and filed Articles of Organization with the Secretary of State of the Commonwealth of Kentucky.

2.2. **Name of the Company.** The name of the Company shall be “Against Sunrise, LLC”. The Company may do business under that name and under any other name or names that the Managers select. If the Company does business under a name other than that set forth in its Articles of Organization, then the Company shall file a certificate with the Secretary of State as required by the Law.

2.3. **Purpose.** The Company was organized to do any activity that is lawful under the Law. However, it is anticipated that the sole purpose of the Company will be to finance and produce a motion picture currently entitled “Land Lord” (the “Picture”), to market, arrange for distribution, and otherwise exploit rights therein in all manner and media, including theatrical, non-theatrical, free and cable television, pay-per-view and home video, and to do any and all things necessary, convenient, or incidental to those purposes.

2.4. **Term.** The term of the Company began upon the filing of Articles of Organization with the Secretary of State and shall continue unless its existence is sooner terminated pursuant to Section 7 of this Agreement.

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2.5. Principal Office. The principal executive office of the Company shall be located at 4508 South 6th Street, Louisville, Kentucky 40214, or at such other place as the Managers may from time to time designate in a written notice to the Members. In addition, the Company may maintain such other offices at any other place, as the Managers may deem advisable.

2.6. Members. The name, present mailing address, taxpayer identification number, and Percentage of each Member are set forth in the confidential records of the Company and each Member's Membership Interest Purchase Agreement.

2.7. Certificates and Units of Membership Interest. A Member's Interest in the Company may be represented by a Certificate of Membership and shall be represented by units of Membership Interest, consisting of units from Class A, Class B, and Class C. There will be a minimum of 200 and a maximum of 510 units for Class A (the "Class A Units"). There will be a minimum of 200 and a maximum of 510 units for Class B members and Class C members (the "Class B Units" and "Class C Units") (unless the maximum number of units is increased by the Managers). Class C will consist of a minimum 500 and a maximum 1230 fractional units, with each fractional unit making up .1 of a whole unit (the "Class C Units"). The number of Class A Units to be equal to the total number of Class B Units and Class C Units issued. Class B Members shall have limited voting rights, as more fully set forth herein below. Class C Members shall not have individual voting rights. Voting rights of Class C Members shall be represented by the votes from the Class C Lead Investor. The Class C Lead Investor shall vote on all matters Class B Members are eligible to vote. Further fractional, proportionate or less than whole units may be issued. The exact contents of a Certificate of Membership shall be determined by the Managers.

### 3. Members; Capital; Capital Accounts.

3.1. Class A Member Capital Contribution. Upon the execution of this Agreement, the Class A Member shall be deemed to have automatically contributed to the Company (i) any and all agreements which the Class A Member entered into in connection with the Picture or on behalf of the Company; (ii) any and all rights which the Class A Member may have duly acquired in relation to the Picture, including without limitation, any and all rights to the script entitled "Land Lord"; (iii) any and all other property or rights which the Class A Member owns in relation to the Picture; and (iv) their respective services rendered on behalf of the Company prior to the date of formation.

### 3.2. Class B Member Capital Contributions.

3.2.1. Class B Members have contributed in cash the amount of capital as reflected in the confidential records of the Company and each Member's Membership Interest Purchase Agreement ("Capital Contributions"), which Capital Contributions have resulted in the issuance of the number of Class B Units of Membership Interest and Percentages held by and set opposite the name of each Class B Member in the confidential records of the Company and each Member's Membership Interest Purchase Agreement.

3.2.2. Except as provided for in this Agreement, no Class B Member shall be required to contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company.

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3.2.3. Class B membership interests in the Company have been sold to Purchasers in the amount of 102 Class B Units. Class B membership interests in the Company continue to be sold to Purchasers, contemporaneously with the sale of Class C membership interests, in the maximum amount of $285,000 (unless such maximum is increased by the Managers).

### 3.3 Class C Member Capital Contribution

3.3.1. Class C Members have initially contributed in cash the amount of capital as reflected in the confidential records of the Company and each Member's Membership Interest Purchase Agreement ("Capital Contributions"), which Capital Contributions have resulted in the issuance of the number of Class C Units of Membership Interest and Percentages held by and set opposite the name of each Class C Member in the confidential records of the Company and each Member's Membership Interest Purchase Agreement.

3.3.2. Except as provided for in this Agreement, no Class C Member shall be required to contribute any additional capital to the Company, and no Member shall have any personal liability for any obligation of the Company.

3.3.3. Class C membership interests in the Company are being sold to Purchasers, contemporaneously with the sale of Class B membership interests, in the minimum amount of $50,000 (the "Minimum Amount") and maximum amount of $123,000 (unless such maximum is increased by the Managers).

3.3.4 Early Bird Contributions. Individuals who make capital contributions and buy Class C Units of Membership through WeFunder are eligible for a potential return of One Hundred Fifteen Percent (115%) of their aggregate Capital Contributions as opposed to the standard potential return of One Hundred Ten Percent (110%) of their aggregate Capital Contributions given to the Class C Members. To be eligible for such return, fractional units purchased must be made through WeFunder and the capital contribution must be part of the initial One Hundred Thousand Dollars ($100,000.00) raised from the sale of Class C Units through WeFunder. Class C Units purchased after the initial One Hundred Thousand Dollars ($100,000.00) in Capital Contributions will be eligible for a potential return of One Hundred Ten Percent (110%) of the aggregate Capital Contribution.

3.4. No Interest on Capital Contributions. Economic Interest Holders shall not be paid interest on their Capital Contributions.

3.5. Return of Capital Contributions. Except as otherwise provided in this Agreement, no Economic Interest Holder shall have the right to receive any return of any Capital Contribution.

3.6. Form of Return of Capital. If an Economic Interest Holder is entitled to receive a return of a Capital Contribution, the Economic Interest Holder shall not have the right to receive anything but cash in return of the Economic Interest Holder's Capital Contribution.

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3.7. Capital Accounts. A separate Capital Account in the Company's Escrow Account shall be maintained for each Economic Interest Holder.

3.8. Loans. Any Member may, at any time, make or cause a loan to be made to the Company in any amount and on such terms as shall be approved by the Manager. A Manager, may, at any time, make or cause a loan to be made to the Company in any amount and on such terms as approved by the Manager.

# 4. Profit, Loss, and Distributions.

4.1. Distributions of Adjusted Gross Proceeds and Net Proceeds; Allocations of Profit or Loss.

4.1.1. Allocation of Profit or Loss. After giving effect to the special allocations set forth in Section 4.2, for any taxable year of the Company, Profit or Loss shall be allocated to the Economic Interest Holders, pari passu, as follows:

4.1.1.1. Prior to the return to the Class B Members, and Class C Members who purchased Membership Units in accordance with Section 3.3.4, of One Hundred Fifteen Percent (115%) and all other Class C Members, of One Hundred Ten Percent (110%) of their aggregate Capital Contributions, Profit or Loss shall be allocated One Hundred Percent (100%) to the Class B Members and Class C Members based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members..

4.1.1.2. After the return to the Class B Members, and Class C Members who purchased Membership Units in accordance with Section 3.3.4, of One Hundred Fifteen Percent (115%) and all other Class C Members, of One Hundred Ten Percent (110%) of their aggregate Capital Contributions, Profit or Loss shall be allocated Fifty Percent (50%) to the Class A Members and Fifty Percent (50%) to the Class B Members and Class C Members (Collectively the "Investor Pool") based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members.

4.1.1.3. With each Class of Membership, each Member shall be allocated their respective percentage interest of Profit or Loss. The percentage interest of the Class A Member shall be the percentage indicated in the confidential records of the Company and each Member's Membership Interest Purchase Agreement. As amongst the Class B Members and Class C Members, the percentage interest of each Class B Member and Class C Member shall be the percentage that his or her Capital Account bears to the aggregate Capital Accounts of the Investor Pool (Class B Members and Class C Members).

4.1.2. Distribution of Gross Proceeds, Adjusted Gross Proceeds and Net Proceeds. Adjusted Gross Proceeds and Net Proceeds shall be distributed to the Economic Interest Holders in the following order of priority:

4.1.2.1. Subject to the Regulatory Allocations attached hereto as Exhibit B, Gross Proceeds and Adjusted Gross Proceeds shall be distributed as set forth in the Waterfall attached hereto as Exhibit C and incorporated herein by reference (the "Waterfall").

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4.1.2.2. Net Proceeds shall be allocated Fifty Percent (50%) to the Class A Member and Fifty Percent (50%) to the Class B Members and Class C Members based on the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members (Investor Pool).

4.1.2.3. Within each Class of Membership, each Member shall be distributed their respective percentage interest of Net Proceeds. The percentage interest of the Class A Member shall be the percentage indicated in the confidential records of the Company and each Member's Membership Interest Purchase Agreement. As amongst the Class B Members and Class C Members, the percentage interest of each Class B Member and Class C Member shall be the percentage that his or her Capital Account bears to the aggregate Capital Accounts of all Class B Members and Class C Members (Investor Pool).

4.1.2.4. The Manager(s) shall have the right to allocate to parties furnishing rights, monies/other consideration or services to the Picture (including, without limitation, to the Manager(s) in their capacities other than as Manager(s) of the Company) a participation in the Class A Members' share of Net Proceeds.

4.1.2.5. In accordance with the Law, Members may, under certain circumstances, be required to return to the Company, for the benefit of Company creditors, amounts previously distributed to them. Specifically, a Member may be liable to return a distribution if such Member knows, at the time of said distribution, that the liabilities of the Company (other than liabilities to Members on account of their membership interest and liabilities for which recourse of creditors is limited to specified property of the Company) exceed the fair market value of the assets of the Company, after giving effect to such distribution.

4.2 Regulatory Allocations. The attached Exhibit B is incorporated by reference and contains the applicable Regulations under the Code.

#### 4.3. Liquidation and Dissolution.

4.3.1 If the Company is liquidated, the assets of the Company shall be distributed to the Economic Interest Holders in accordance with the provisions of Section 4.1.2.

4.3.2 No Economic Interest Holder shall be obligated to restore a Negative Capital Account.

#### 4.4. General.

4.4.1 Except as otherwise provided in this Agreement, the Managers shall determine the timing and amount of all distributions.

4.4.2 If any assets of the Company are distributed in kind to the Economic Interest Holders, those assets shall be valued on the basis of their fair market value, and any Economic Interest Holder entitled to any interest in those assets shall receive that interest as a tenant-in-common with all other Economic Interest Holders so entitled. Unless the Members otherwise

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agree, the fair market value of the assets shall be determined by an independent appraiser who shall be selected by the Managers. The Profit or Loss for each unsold asset shall be determined as if the asset had been sold at its fair market value, and the Profit or Loss shall be allocated as provided in Section 4.1.1 and shall be properly credited or charged to the Capital Accounts of the Economic Interest Holders prior to the distribution of the assets in liquidation pursuant to Section 4.3.

4.4.3. All Profit and Loss shall be allocated, and all distributions shall be made to the Persons shown on the records of the Company to have been Economic Interest Holders as of the last day of the taxable year for which the allocation or distribution is to be made. Notwithstanding the foregoing, unless the Company's taxable year is separated into segments, if there is a Transfer or an Involuntary Withdrawal during the taxable year, the Profit and Loss shall be allocated between the original Economic Interest Holder and the successor on the basis of the number of days each was an Economic Interest Holder during the taxable year; provided, however, the Company's taxable year shall be segregated into two or more segments in order to account for Profit, Loss, or proceeds attributable to a Capital Transaction or to any other extraordinary nonrecurring items of the Company.

4.4.4. The Managers are hereby authorized, upon the advice of the Company's tax counsel, to amend this Section 4 to comply with the Code and the Regulations promulgated under Code Section 704(b); provided, however, that no amendment shall materially affect distributions to an Economic Interest Holder without the Economic Interest Holder's prior written consent.

## 5. Management: Rights, Powers, and Duties.

5.1. Management. Management of the Company shall be vested in one or more Manager(s). The Class A Member shall have the exclusive right to appoint one or more Managers. Class B Members and Class C Members have no voting rights as to the appointment of Managers. A Manager need not be a Member. The initial Manager shall be Remington Smith. If a Manager resigns or is unable or unwilling to act as such, the Class A Member, in its/his sole discretion, shall have the right to appoint a replacement.

5.1.1. General Powers. The Managers shall have full, exclusive, and complete discretion, power, and authority, subject in all cases to the other provisions of this Agreement and the requirements of applicable law, to manage, control, administer, and operate the business and affairs of the Company for the purposes herein stated, and to make all decisions affecting such business and affairs, including, without limitation, for Company purposes, the power to:

5.1.1.1. abandon production or marketing of the Picture at any time for any reason;

5.1.1.2. acquire by purchase, lease, or otherwise, any real or personal property, tangible or intangible;

5.1.1.3. construct, operate, maintain, finance, and improve, and to own, sell, convey, assign, mortgage, or lease any real estate and any personal property;

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5.1.1.4. sell, dispose, trade, or exchange Company assets in the ordinary course of the Company's business;

5.1.1.5. enter into agreements and contracts and to give receipts, releases, and discharges;

5.1.1.6. purchase liability and other insurance to protect the Company's properties and business;

5.1.1.7. borrow money for and on behalf of the Company, and, in connection therewith, execute and deliver instruments authorizing the confession of judgment against the Company;

5.1.1.8. execute or modify leases with respect to any part or all of the assets of the Company;

5.1.1.9. prepay, in whole or in part, refinance, amend, modify, or extend any mortgages or deeds of trust which may affect any asset of the Company and in connection therewith to execute for and on behalf of the Company any extensions, renewals, or modifications of such mortgages or deeds of trust;

5.1.1.10. execute any and all other instruments and documents which may be necessary or in the opinion of the Managers desirable to carry out the intent and purpose of this Agreement, including, but not limited to, documents whose operation and effect extend beyond the term of the Company;

5.1.1.11. make any and all expenditures which the Managers, in their sole discretion, deem necessary or appropriate in connection with the management of the affairs of the Company and the carrying out of its obligations and responsibilities under this Agreement, including, without limitation, all legal, accounting and other related expenses incurred in connection with the organization and financing and operation of the Company;

5.1.1.12. enter into any kind of activity necessary to, in connection with, or incidental to, the accomplishment of the purposes of the Company; and

5.1.1.13. invest and reinvest Company reserves in short-term instruments or money market funds.

5.1.2 Extraordinary Transactions. Notwithstanding anything to the contrary in this Agreement including but not limited to the nonvoting status of the Class B Members, the Managers shall not undertake any of the following without the approval of two-thirds (66.6%) of the Class B Members' and Class C Members' (represented through the Class C Lead Investor) interests:

5.1.2.1. the Company's borrowing of more than $1,000,000;

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5.1.2.2. the Company's engaging in business in any jurisdiction which does not provide for the registration of limited liability companies;

5.1.2.3. approval of a merger or consolidation of the Company with or into another LLC or other business entity; and

5.1.2.4. amending the Articles of Organization (except as permitted in the Law).

### 5.1.3. Meetings of and Voting by Managers.

5.1.3.1. The presence of a majority of the Managers then in office shall be necessary to constitute a quorum for any meeting, and sufficient for the transaction of business. Any acts of a majority of those present at a meeting, at which there is a quorum, shall be the act of the Managers, except as otherwise specifically provided by the Law, the Articles of Organization or this Agreement.

5.1.3.2. Any action required or permitted to be taken by the Managers or any committee thereof may be taken without a meeting if all of the Managers consent in writing to the adoption of a resolution authorizing the action.

5.1.3.3. Any one or more of the Managers may participate in a meeting by means of a conference telephone or similar communications equipment allowing all persons participating in the meeting to hear each other, and participation in a meeting pursuant to this paragraph shall constitute presence in person at such meeting.

5.1.3.4. The foregoing quorum and voting formalities shall not be required with respect to production activities relating to the Picture.

### 5.2 Management Compensation.

5.2.1. The Managers shall not receive any commission for the sale of any Interests to a Class B Member; provided, that the Managers reserve the right to seek the assistance of brokers, financial planners, finders, advisors or others in selling Interests aggregating not less than Fifty Thousand Dollars and No Cents ($50,000.00), and to pay any such person a commission, to be separately negotiated, so long as such commission shall not exceed Ten Percent (10%) of the actual aggregate Capital Contributions made through such person's services.

5.2.2. Except as otherwise indicated in this Agreement, the Managers may not be paid a management fee for their services as managers of the Company.

5.2.3. Any one of the Managers, on behalf of the Company, may enter into agreements (except with regard to investment of Company funds) with themselves or with related parties, to provide products or services to the Company, provided that those agreements are made on terms which are as least a favorable to the Company as those which could be generally obtained from nonaffiliated third parties providing comparable products and services. In particular, the Manager contemplates being engaged to act as producer, director and writer of the Picture and shall be entitled to receive compensation for such services.

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### 5.3. Meetings of and Limited Voting by Members.

5.3.1. With reference to Section 5.1.2, a meeting of the Class B Members and the Class C Lead Investor may be called at any time by the Managers. Meetings of Class B Members shall be held at the Company's principal place of business, at any other place in the City of Louisville, Kentucky designated by the Managers calling the meeting, or via teleconference. Not less than ten (10) nor more than sixty (60) days before each meeting, the Managers calling the meeting shall give written notice of the meeting to each Class B Member and the Class C Lead Investor entitled to vote at the meeting. The notice shall state the place, date, hour, and purpose of the meeting. Notwithstanding the foregoing provisions, each Class B Member and the Class C Lead Investor who is entitled to notice waives notice if before or after the meeting the Class B Member or the Class C Lead Investor signs a waiver of the notice which is filed with the records of Class B Members' and the Class C Lead Investor meetings, or is present at the meeting in person or by proxy without objecting to the lack of notice. Unless this Agreement provides otherwise, at a meeting of Class B Members and the Class C Lead Investor, the presence in person or by proxy of Class B Members and the Class C Lead Investor holding not less than a majority (over Fifty Percent (50%)) of the Percentages then held by Class B Members and the Class C Lead Investor constitutes a quorum. A Class B Member may vote either in person or by written proxy signed by the Class B Member or by the Class B Member's duly authorized attorney in fact. The Class C Lead Investor may vote in person or by the Class C Lead Investor's duly authorized attorney in fact.

5.3.2. Except as otherwise provided in this Agreement and notwithstanding the nonvoting status of the Class B Members, the affirmative vote of two-thirds (66.6%) of the Class B Members' interests and Class C Members' interests, as represented through the vote of the Class C Lead Investor, shall be required to approve any matter coming before the Class B Members and Class C Lead Investor.

5.3.3. In lieu of holding a meeting, the Class B Members and Class C Lead Investor may vote or otherwise take action by a written instrument indicating the consent of two-thirds (66.6%) of the collective interests of Class B Members' and Class C Members', as represented through the vote of the Class C Lead Investor. No written consent shall be effective to take such action unless within sixty (60) days of the earliest dated consent delivered in accordance with the Law, signed consents sufficient to take such action have been likewise delivered. If such consent is not unanimous, prompt notice shall be given to those Class B Members and Class C Lead Investor who have not consented in writing but who would have been entitled to vote thereon had such action been taken at a meeting.

### 5.4 Limitation on Authority of Members.

5.4.1. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member.

5.4.2. This Section 5.4 supersedes any authority granted to the Members pursuant to the Law. Any Member who takes any action or binds the Company in violation of this Section 5.4 shall be solely responsible for any loss and expense incurred by the Company as a result of

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the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.

5.5. Personal Service. No Member shall be required to perform services for the Company solely by virtue of being a Member. Unless approved by the Managers, no Member shall perform services for the Company or be entitled to compensation for services performed for the Company.

#### 5.6. Duties of Parties.

5.6.1. The Managers shall devote such time to the business and affairs of the Company as is necessary to carry out the Managers' duties set forth in this Agreement.

5.6.2. Except as otherwise expressly provided in Section 5.4, nothing in this Agreement shall be deemed to restrict in any way the rights of any Member, or of any Affiliate of any Member, to conduct any other business or activity whatsoever, and no Member shall be accountable to the Company or to any other Member with respect to that business or activity even if the business or activity competes with the Company's business. The organization of the Company shall be without prejudice to the Members' respective rights (or the rights of their respective Affiliates) to maintain, expand, or diversify such other interests and activities and to receive and enjoy profits or compensation therefrom. Each Member waives any rights the Member might otherwise have to share or participate in such other interests or activities of any other Member or the Member's Affiliates.

5.6.3. Each Member understands and acknowledges that the conduct of the Company's business may involve business dealings and undertakings with Members and their Affiliates. In any of those cases, those dealings and undertakings shall be at arm's length and on commercially reasonable terms.

#### 5.7. Liability and Indemnification.

5.7.1. The Managers shall not be liable, responsible, or accountable, in damages or otherwise, to any Member or to the Company for any act performed by the Managers within the scope of the authority conferred on the Managers by this Agreement, except for fraud, bad faith, gross negligence, or an intentional breach of this Agreement.

5.7.2. The Company shall indemnify the Managers for any act performed by the Managers within the scope of the authority conferred on the Managers by this Agreement, except for fraud, bad faith, gross negligence, or an intentional breach of this Agreement.

#### 5.8. Power of Attorney.

5.8.1. Grant of Power. Each Member constitutes and appoints the Managers as the Member's true and lawful attorney-in-fact ('Attorney-in-Fact'), and in the Member's name, place, and stead, to make, execute, sign, acknowledge, and file:

5.8.1.1. one or more Articles of Organization;

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5.8.1.2. all documents (including amendments to Articles of Organization) which the Attorney-in-Fact deems appropriate to reflect any amendment, change, or modification of this Agreement;

5.8.1.3. any and all other certificates or other instruments required to be filed by the Company under the laws of the Commonwealth of Kentucky or of any other state or jurisdiction, including, without limitation, any certificate or other instruments necessary in order for the Company to continue to qualify as a limited liability company under the laws of the Commonwealth of Kentucky;

5.8.1.4. one or more fictitious or trade name certificates; and

5.8.1.5. all documents which may be required to dissolve and terminate the Company and to cancel its Articles of Organization.

5.9 Irrevocability. The foregoing power of attorney is irrevocable and is coupled with an interest, and, to the extent permitted by applicable law, shall survive the death or disability of a Member. It also shall survive the Transfer of an Economic Interest, except that if the transferee is admitted as a Member, this power of attorney shall survive the delivery of the assignment for the sole purpose of enabling the Attorney-in-Fact to execute, acknowledge, and file any documents needed to effectuate the substitution. Each Member shall be bound by any representations made by the Attorney-in-Fact acting in good faith pursuant to this power of attorney, and each Member hereby waives any and all defenses that may be available to contest, negate, or disaffirm the action of the Attorney-in-Fact taken in good faith under this power of attorney.

## 6. Transfer of Interests and Withdrawal of Members.

6.1 Transfers. No Member may Voluntarily Transfer all, or any portion of, or any interest or rights in, the Membership Interest owned by the Member, without the prior written consent of the Managers, which consent may be withheld for any reason or for no reason. Each Member hereby acknowledges the reasonableness of this prohibition in view of the purposes of the Company and the relationship of the Members. The voluntary Transfer of any Membership Interests, including Economic Interests, in violation of the prohibition contained in this Section 6.1 shall be deemed invalid, null and void, and of no force or effect. Any Person to whom Membership Interests are attempted to be transferred in violation of this Section 6.1 shall not be entitled to vote on matters coming before the Members, participate in the management of the Company, act as an agent of the Company, receive distributions from the Company, or have any other rights in or with respect to the Membership Interests.

6.2 Voluntary Withdrawal Prohibited. A member may not voluntarily withdraw from the Company or assign all or part of his or her Membership Interest prior to the dissolution and winding up of the Company, without the prior written consent of the Managers, which consent may be withheld for any reason or for no reason. Any such attempted withdrawal or assignment shall be null and void but the Company shall be entitled to relief for the damages caused by any attempts to withdraw or assign.

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6.3 Involuntary Withdrawal. Immediately upon the occurrence of an Involuntary Withdrawal, the successor of the Withdrawn Member shall thereupon become an Economic Interest Holder, but shall not become a Member. If the Company is continued as provided in Section 7.1.5, the successor Economic Interest Holder shall have all the rights of an Economic Interest Holder, but shall not be entitled to receive in liquidation of the Economic Interest, the fair market value of the Member's Economic Interest as of the date the Member Involuntarily withdrew from the Company.

# 7. Dissolution, Liquidation, and Termination of the Company.

7.1. Events of Dissolution. The Company shall be dissolved upon the happening of any of the following events:

7.1.1. when the period fixed for its duration in Section 2.4 has expired;

7.1.2. the sale of all or substantially all of the assets of the Company;

7.1.3. the entry of a decree of judicial dissolution under the Law;

7.1.4. upon the written agreement of the Class A Members holding two-thirds (2⁄3) or more of the Percentages then held by Class A Members; or

7.1.5. the occurrence of an Involuntary Withdrawal by a Class A Member, unless remaining Class A Members holding two-thirds (2⁄3) or more of the Percentages then held by Class A Members, within ninety (90) days after the occurrence of the Involuntary Withdrawal, elect to continue the business of the Company pursuant to the terms of this Agreement.

7.2. Procedure for Winding Up and Dissolution. If the Company is dissolved, the Managers shall wind up its affairs. On winding up of the Company, the assets of the Company shall be distributed, first, to creditors of the Company, including Economic Interest Holders who are creditors, in satisfaction of the liabilities of the Company, and then to the Economic Interest Holders in accordance with Section 4.3.

7.3. Filing of Articles of Dissolution. If the Company is dissolved, the Managers shall promptly file Articles of Dissolution with the Secretary of State. If there are no Managers, then the Articles of Dissolution shall be filed by the remaining Members; if there are no remaining Members, the Articles shall be filed by the last Person to be a Member; if there are neither Managers, remaining Members, or a Person who last was a Member, the Articles shall be filed by the legal or personal representatives of the Person who last was a Member.

# 8. Books, Records, Accounting, and Tax Elections.

8.1. Bank Accounts. All funds of the Company shall be deposited in a bank account or accounts opened in the Company's name. The Managers shall determine the institution or institutions at which the accounts will be opened and maintained, the types of accounts, and the Persons who will have authority with respect to the accounts and the funds therein.

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## 8.2. Books and Records.

8.2.1. The Managers shall keep or cause to be kept complete and accurate books and records of the Company and supporting documentation of the transactions with respect to the Company's business. The records shall include, but not be limited to:

8.2.1.1. a current alphabetized list of the names and addresses of all of the Members, as well as the contribution and the share of profits and losses of each Member or information from which such share can be readily derived;

8.2.1.2. if the Company is managed by a manager or managers, a current alphabetized list of the names and addresses of the Managers;

8.2.1.3. a copy of the Articles of Organization and all amendments thereto or restatements thereof, together with executed copies of any powers of attorney pursuant to which any certificate or amendment has been executed;

8.2.1.4. a copy of the Operating Agreement and any amendments thereto and any amended and restated Operating Agreement; and

8.2.1.5. a copy of the limited liability company's federal, state, and local income tax or information returns and reports, if any, for the three (3) most recent fiscal years.

8.2.2. The books and records shall be maintained in accordance with sound accounting practices and shall be available at the Company's principal office for examination by any Member or the Member's duly authorized representative at any and all reasonable times during normal business hours.

8.2.3. Each Member shall reimburse the Company for all costs and expenses incurred by the Company in connection with the Member's inspection and copying of the Company's books and records.

8.3 Annual Accounting Period. The annual accounting period of the Company shall be its taxable year. The Managers, subject to the requirements and limitations of the Code, shall select the Company's taxable year.

8.4. Reports. Within one hundred twenty (120) days after the end of each taxable year of the Company, the Managers shall cause to be sent to each Person who was a Member at any time during the taxable year then ended a report summarizing the fees and other remuneration paid by the Company to any Member, the Managers (as Manager compensation), or any Affiliate in respect of the taxable year, if applicable. In addition, within one hundred twenty (120) days after the end of each taxable year of the Company, the Managers shall cause to be sent to each Person who was an Interest Holder at any time during the taxable year then ended, that tax information concerning the Company which is necessary for preparing the Interest Holder's income tax returns for that year. At the request of any Member, and at the Member's expense, the

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Managers shall cause an audit of the Company's books and records to be prepared by independent accountants for the period requested by the Member.

8.5. Tax Matters Member. A member of the Managers shall be the Company's tax matters Member ('Tax Matters Member'). The Tax Matters Member shall have all powers and responsibilities provided in Code Section 6221, et seq. The Tax Matters Member shall keep all Members informed of all notices from government taxing authorities that may come to the attention of the Tax Matters Member. The Company shall pay and be responsible for all reasonable third-party costs and expenses incurred by the Tax Matters Member in performing those duties. A Member shall be responsible for any costs incurred by the Member with respect to any tax audit or tax-related administrative or judicial proceeding against any Member, even though it relates to the Company. The Tax Matters Member shall not compromise any dispute with the Internal Revenue Service without the approval of the Members.

8.6. Tax Elections. The Managers shall have the authority to make all Company elections permitted under the Code, including, without limitation, elections of methods of depreciation and elections under Code Section 754. The decision to make or not make an election shall be at the Managers' sole and absolute discretion.

#### 8.7. Title to Company Property.

8.7.1. Except as provided in Section 8.7.2, all real and personal property acquired by the Company shall be acquired and held by the Company in its name.

8.7.2. The Managers may direct that legal title to all or any portion of the Company's property be acquired or held in a name other than the Company's name. Without limiting the foregoing, the Managers may cause title to be acquired and held in its name or in the names of trustees, nominees, or straw parties for the Company. It is expressly understood and agreed that the manner of holding title to the Company's property (or any part thereof) is solely for the convenience of the Company and all of that property shall be treated as Company property.

#### 9. General Provisions.

9.1. Assurances. Each Member shall execute all certificates and other documents and shall do all such filing, recording, publishing, and other acts as the Managers deems appropriate to comply with the requirements of law for the formation and operation of the Company and to comply with any laws, rules, and regulations relating to the acquisition, operation, or holding of the property of the Company.

#### 9.2. Amendments.

9.2.1. Amendments Requiring Class B Members' and Class C Members' Consent. Except as provided in the Articles of Organization, no amendment shall be made to this Agreement without the written consent of two-thirds (66.6%) of the Class B Members' and Class C Members' interests, as represented through the vote of the Class C Lead Investor, which amendments (i) increase the obligations of any Class B Member to make Capital Contributions;

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(ii) alters the allocation for tax purposes of any items of income, gain, loss, deduction or credit; (iii) alters the manner of computing distributions to any Member; (iv) alters, except as provided in the Law, the voting or other rights of any Class B Member; (v) allows the obligation of a member to make a Capital Contribution to be compromised by consent of fewer than all Members; or (vi) alters the procedures for amendment of this Agreement. The procedures set forth in Section 9.2.3 below shall apply to any amendment referred to in this Section 9.2.1.

9.2.2. Amendments Not Requiring Consent. Amendments may be made to this Agreement by the Class A Member or the Managers, without the consent thereto of any Class B Members (i) to add to the representations, duties or obligations of the Managers or surrender any right or power granted to the Managers herein, for the benefit of or not adverse to the Class B Members; (ii) to cure any ambiguity, to correct or supplement any provision herein which may be inconsistent with any other provision herein, or to make any other provisions with respect to matters or questions arising under this Agreement which will not be inconsistent with the provisions of this Agreement; (iii) to delete or add any provision required to be deleted or added by the staff of the Securities and Exchange Commission or any other federal agency having jurisdiction over the Company or by any state 'blue sky' administrator or commissioner, which addition or deletion is deemed by such commission, agency or authority to be for the benefit or protection of the Class B Members; and (iv) to reflect admission of additional Class B Members, substituted Class B Members, additional Class A Members, successor Class A Members, or the withdrawal of any Member.

9.2.3. Procedures. Subject to the terms of this Agreement, the Class A Member or the Managers may propose any amendments to this Agreement by mailing to each Member a notice describing the proposed amendment (an 'Amendment Notice') and a form to be returned by each Member indicating his or her approval or opposition to its adoption. Each Amendment Notice shall include the text of the proposed amendments, which shall have been approved in advance by counsel for the Company. If, within twenty (20) days after any Amendment Notice has been mailed, the Managers has not received written opposition to such amendments by two-thirds (66.6%) of the Class B Members' interest and Class C Members' interests, as represented through the vote of the Class C Lead Investor, the Class B Members or Class C Lead Investor not responding thereto with a written opposition shall be deemed to have consented to such amendments, which shall become effective as of the date specified in the Amendment Notice; provided, that the period shall be thirty (30) days for any of the amendments referred to in subsection 9.2.1.

9.3. Notifications. Any notice, demand, consent, election, offer, approval, request, or other communication (collectively a 'Notice') required or permitted under this Agreement must be in writing and either delivered personally or sent by certified or registered mail, postage prepaid, return receipt requested or by facsimile transmission, provided receipt is actually acknowledged by the Member or Member's agent. Any notice to be given hereunder by the Company shall be given by the Managers. A notice must be addressed to a Member at the Member's last known address on the records of the Company. A notice to the Company must be addressed to the Company's principal office. A notice delivered personally will be deemed given only when acknowledged in writing by the person to whom it is delivered. A notice that is sent by mail will be deemed given three (3) business days after it is mailed. Any party may designate, by notice to all of the others, substitute addresses or addressees for notices; and, thereafter, notices

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are to be directed to those substitute addresses or addressees. A notice sent by facsimile is deemed given when receipt is acknowledged.

9.4. Specific Performance. The parties recognize that irreparable injury will result from a breach of any provision of this Agreement and that money damages will be inadequate to fully remedy the injury. Accordingly, in the event of a breach or threatened breach of one or more of the provisions of this Agreement, any party who may be injured (in addition to any other remedies which may be available to that party) shall be entitled to one or more preliminary or permanent orders (i) restraining and enjoining any act which would constitute a breach or (ii) compelling the performance of any obligation which, if not performed, would constitute a breach.

9.5. Complete Agreement. Except with respect to the employment agreement contemplated in Section 5.2.4, this Agreement constitutes the complete and exclusive statement of the agreement among the Members with respect to the subject matter thereof. It supersedes all prior written and oral statements, including any prior representation, statement, condition, or warranty. Except as expressly provided otherwise herein, this Agreement may not be amended without the written consent of two-thirds (66.6%) of the Class B Members' interests and Class C Members' interests, as represented through the vote of the Class C Lead Investor.

9.6. Applicable Law. All questions concerning the construction, the internal law, not the law of conflicts, of the Commonwealth of Kentucky, shall govern validity, and interpretation of this Agreement and the performance of the obligations imposed by this Agreement.

9.7. Section and Section Titles. The headings herein are inserted as a matter of convenience only and do not define, limit, or describe the scope of this Agreement or the intent of the provisions hereof.

9.8. Binding Provisions. This Agreement is binding upon, and inures to the benefit of, the parties hereto and their respective heirs, executors, administrators, personal and legal representatives, successors, and permitted assigns.

9.9. Exclusive Jurisdiction and Venue. Any suit involving any dispute or matter arising under this Agreement may only be brought in a federal or state court located in Louisville, Jefferson County, Kentucky. All Members hereby consent to the exercise of personal jurisdiction by any such court with respect to any such proceeding.

9.10. Terms. Common nouns and pronouns shall be deemed to refer to the masculine, feminine, neuter, singular, and plural, as the identity of the Person may in the context require.

9.11. Separability of Provisions. Each provision of this Agreement shall be considered separable; and if, for any reason, any provision or provisions herein are determined to be invalid and contrary to any existing or future law, such invalidity shall not impair the operation of or affect those portions of this Agreement that are valid.

9.12. Counterparts. This Agreement may be executed simultaneously in two or more counterparts, each of which shall be deemed an original and all of which, when taken together,

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constitute one and the same document. The signature of any party to any counterpart shall be deemed a signature to, and may be appended to, any other counterpart.

9.13. Estoppel Certificate. Each Member shall, within ten (10) days after written request by the Managers, deliver to the requesting Person a Certificate stating, to the Member's knowledge, that (a) this Agreement is in full force and effect; (b) this Agreement has not been modified except by any instrument or instruments identified in the Certificate; and (c) there is no default hereunder by the requesting Person, or if there is a default, the nature and extent thereof. If the Certificate is not received within that ten (10) day period, the Managers shall execute and deliver the Certificate on behalf of the requested Member, without qualification, pursuant to the power of attorney granted in Section 5.

**SIGNATURE PAGE TO FOLLOW**

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**IN WITNESS WHEREOF**, the parties have executed, or caused this Agreement to be executed, under seal, as of the date set forth hereinabove.

CLASS A MEMBER
Filmsmith Productions, LLC

By: Remington Smith
Remington Smith

Date: 02/16/2023

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# *Exhibit 'A'  
to the  
Operating Agreement of  
Against Sunrise, LLC*

# Meaning of Defined Terms

For purposes of the Operating Agreement of Against Sunrise, LLC, the following capitalized terms shall have the meanings specified:

**'Adjusted Capital Account Deficit'** means, with respect to any Economic Interest Holder, the deficit balance, if any, in the Economic Interest Holder's Capital Account as of the end of the relevant taxable year, after giving effect to the following adjustments:

(i) the deficit shall be decreased by the amounts which the Economic Interest Holder is obligated to restore pursuant to Section 4.3.2 or is deemed obligated to restore pursuant to Regulation Section 1.704-1(b)(2)(ii)(c); and

(ii) the deficit shall be increased by the items described in Regulation Sections 1.704-1(b)(2)(ii)-(d)(4), (5), and (6).

**'Adjusted Capital Balance'** means, as of any day, an Economic Interest Holder's total Capital Contributions less all amounts actually distributed to the Economic Interest Holder pursuant to Section 4.3 hereof. If any Economic Interest is transferred in accordance with the terms of this Agreement, the transferee shall succeed to the Adjusted Capital Balance of the transferor to the extent the Adjusted Capital Balance relates to the Economic Interest transferred.

**'Adjusted Gross Proceeds'** means Gross Proceeds remaining after payment of sales agent fees (if any), and residuals and health and pension payments payable for any guild/union personnel engaged on the Picture. Adjusted Gross Proceeds shall be allocated and paid as set forth in the final agreed waterfall for the Picture (as it may be amended from time to time) (the 'Waterfall'), attached hereto as Exhibit C and incorporated herein by this reference.

**'Affiliate'** means, with respect to any Member, any Person: (i) which owns more than fifty percent (50%) of the voting interests in the Member; or (ii) in which the Member owns more than fifty percent (50%) of the voting interests; or (iii) in which more than fifty percent (50%) of the voting interests are owned by a Person who has a relationship with the Member described in clause (i) or (ii) above or who otherwise controls, is controlled by, or under common control with, another person.

**'Agreement'** means this Operating Agreement, as amended from time to time.

**'Capital Account'** means the account to be maintained by the Company for each Economic Interest Holder in accordance with the following provisions:

(i) an Economic Interest Holder's Capital Account shall be credited with the Economic Interest Holder's Capital Contributions, the amount of any Company liabilities assumed by the

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Economic Interest Holder (or which are secured by Company property distributed to the Economic Interest Holder), the Economic Interest Holder's distributive share of Profit and any item in the nature of income or gain specially allocated to the Economic Interest Holder pursuant to the provisions of Section 4 (other than Section 4.2.3); and

(ii) an Economic Interest Holder's Capital Account shall be debited with the amount of money and the fair market value of any Company property distributed to the Economic Interest Holder, the amount of any liabilities of the Economic Interest Holder assumed by the Company (or which are secured by property contributed by the Economic Interest Holder to the Company), the Economic Interest Holder's distributive share of Loss and any item in the nature of expenses or losses specially allocated to the Economic Interest Holder pursuant to the provisions of Section 4 (other than Section 4.2.3).

(iii) If any Economic Interest is transferred pursuant to the terms of this Agreement, the transferee shall succeed to the Capital Account of the transferor to the extent the Capital Account is attributable to the transferred Economic Interest. If the book value of Company property is adjusted pursuant to Section 4.2.3, the Capital Account of each Economic Interest Holder shall be adjusted to reflect the aggregate adjustment in the same manner as if the Company had recognized gain or loss equal to the amount of such aggregate adjustment. It is intended that the Capital Accounts of all Economic Interest Holders shall be maintained in compliance with the provisions of Regulation Section 1.704-1(b), and all provisions of this Agreement relating to the maintenance of Capital Accounts shall be interpreted and applied in a manner consistent with that Regulation.

**'Capital Contribution'** means the total amount of cash and the fair market value of any other assets contributed (or deemed contributed under Regulation Section 1.704-1(b)(2)(iv)(d)) to the Company by a Member, net of liabilities assumed or to which the assets are subject.

**'Capital Proceeds'** means the gross receipts received by the Company from a Capital Transaction.

**'Capital Transaction'** means any transaction not in the ordinary course of business which results in the Company's receipt of cash or other consideration other than Capital Contributions, including, without limitation, proceeds of sales or exchanges or other dispositions of property not in the ordinary course of business, financings, refinancings, condemnations, recoveries of damage awards, and insurance proceeds.

**'Class C Lead Investor'** means the individual who has been appointed through the combined agreement of Against Sunrise, LLC and WeFunder Inc. who will exercise all voting rights with respect to the securities issued by the Class C Membership Interest Purchase Agreement and will take any actions in connection with such voting rights on behalf of the Purchaser, in accordance with the Lead Investor Power of Attorney.

**'Code'** means the Internal Revenue Code of 1986, as amended, or any corresponding provision of any succeeding law.

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“Company” means the limited liability company formed in accordance with this Agreement.

“Economic Interest” means a Person’s share of the Profits and Losses of, and the right to receive distributions from, the Company.

“Economic Interest Holder” means any Person who holds an Interest, whether as a Member or an unadmitted assignee of a Member.

“Gross Proceeds” means any and all amounts received by or on behalf of Company or Company’s sales agents from the exploitation of the Picture and all rights therein and elements thereof (other than funds used for the production of the Picture), in any and all manner and media, now known or hereafter devised, and from all related ancillary rights, including without limitation all forms of theatrical, video-on-demand, Internet streaming/downloading, television, home video, merchandising and interactive products, in all languages, worldwide, in perpetuity. Gross Proceeds shall be allocated and paid as set forth in the Waterfall.

“Involuntary Withdrawal” means, with respect to any Member, the occurrence of any of the following events:

(i) the Member makes an assignment for the benefit of creditors;

(ii) the Member files a voluntary petition of bankruptcy;

(iii) the Member is adjudged bankrupt or insolvent or there is entered against the Member an order for relief in any bankruptcy or insolvency proceeding;

(iv) the Member files a petition seeking for the Member any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation;

(v) the Member seeks, consents to, or acquiesces in the appointment of a trustee for, receiver for, or liquidation of the Member or of all or any substantial part of the Member’s properties;

(vi) the Member files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the Member in any proceeding described under “Involuntary Withdrawal”;

(vii) any proceeding against the Member seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation, continues for one hundred twenty (120) days after the commencement thereof, or the appointment of a trustee, receiver, or liquidator for the Member or all or any substantial part of the Member’s properties without the Member’s agreement or acquiescence, which appointment is not vacated or stayed for one hundred twenty (120) days or, if the appointment is stayed, for one hundred twenty (120) days after the expiration of the stay during which period the appointment is not vacated;

Operating Agreement / Against Sunrise, LLC

Page 21 of 27

(viii) if the Member is an individual, the Member's death, incapacity, or adjudication by a court of competent jurisdiction as incompetent to manage the Member's person or property;

(ix) if the Member is acting as a Member by virtue of being a trustee of a trust, the termination of the trust;

(x) if the Member is a partnership or limited liability company, the dissolution and commencement of winding up of the partnership or limited liability company;

(xi) if the Member is a corporation, the dissolution of the corporation or the revocation of its charter;

(xii) if the Member is an estate, the distribution by the fiduciary of the estate's entire interest in the Company.

**'Law'** means the Limited Liability Company Law of the Commonwealth of Kentucky, as amended from time to time.

**'Managers'** means the Persons designated as such in Section 5.

**'Member'** means each Person signing this Agreement and any Person who subsequently is admitted as a member of the Company.

**'Membership Interest'** means all of the rights of a Member in the Company, including a Member's: (i) Economic Interest; (ii) right to inspect the Company's books and records; (iii) right to participate in the management of and vote on matters coming before the Company, if any; and (iv) to the extent specifically provided in this Agreement or the Articles of Organization, right to act as an agent of the Company.

**'Member Loan Nonrecourse Deductions'** means any Company deductions that would be Nonrecourse Deductions if they were not attributable to a loan made or guaranteed by a Member within the meaning of Regulation Section 1.704-2(i).

**'Minimum Gain'** has the meaning set forth in Regulation Section 1.704-2(d). Minimum Gain shall be computed separately for each Economic Interest Holder in a manner consistent with the Regulations under Code Section 704(b).

**'Negative Capital Account'** means a Capital Account with a balance of less than zero.

**'Net Proceeds'** means the balance of Adjusted Gross Proceeds remaining after: (i) payment of reasonable, documented, third party, out-of-pocket expenses that are incurred in connection with the delivery, marketing, and distribution of the Picture; (ii) payment of Company operating expenses; (iii) recoupment by Class B Members of One Hundred Fifteen Percent (115%) of their Capital Contributions; and (iv) payment of deferred compensation (if any), all as set forth in of the Waterfall. Net Proceeds shall be allocated and paid as set forth in Section 4.1.2 of this Agreement (and as set forth in the Waterfall).

Operating Agreement / Against Sunrise, LLC

Page 22 of 27

“Nonrecourse Deductions” has the meaning set forth in Regulation Section 1.704-2(b)(1). The amount of Nonrecourse Deductions for a taxable year of the Company equals the net increase, if any, in the amount of Minimum Gain during that taxable year, determined according to the provisions of Regulation Section 1.704-2(c).

“Nonrecourse Liability” means any liability of the Company with respect to which no Member has personal liability, as determined in accordance with Code Section 752 and the Regulations promulgated thereunder.

“Percentage” means, as to a Member, the percentage set forth after the Member’s name, as amended from time to time, in the confidential records of the Company and each Member’s Membership Interest Purchase Agreement and as to an Economic Interest Holder who is not a Member, the Percentage of the Member whose Economic Interest has been acquired by such Economic Interest Holder, to the extent the Economic Interest Holder has succeeded to that Member’s Economic Interest.

“Person” means and includes an individual, corporation, partnership, association, limited liability company, trust, estate, or other entity.

“Positive Capital Account” means a Capital Account with a balance greater than zero.

“Profit” and “Loss” means, for each taxable year of the Company (or other period for which Profit or Loss must be computed), the Company’s taxable income or loss determined in accordance with Code Section 703(a), with the following adjustments:

(i) all items of income, gain, loss, deduction, or credit required to be stated separately pursuant to Code Section 703(a)(1) shall be included in computing taxable income or loss; and

(ii) any tax-exempt income of the Company, not otherwise taken into account in computing Profit or Loss, shall be included in computing taxable income or loss; and

(iii) any expenditures of the Company described in Code Section 705(a)(2)(B) (or treated as such pursuant to Regulation Section 1.704-1(b)(2)(iv)(i)) and not otherwise taken into account in computing Profit or Loss, shall be subtracted from taxable income or loss; and

(iv) gain or loss resulting from any taxable disposition of Company property shall be computed by reference to the adjusted book value of the property disposed of, notwithstanding the fact that the adjusted book value differs from the adjusted basis of the property for federal income tax purposes; and

(v) in lieu of the depreciation, amortization, or cost recovery deductions allowable in computing taxable income or loss, there shall be taken into account the depreciation computed based upon the adjusted book value of the asset; and

Operating Agreement / Against Sunrise, LLC

Page 23 of 27

(vi) notwithstanding any other provision of this definition, any items which are specially allocated pursuant to Section 4.2 hereof shall not be taken into account in computing Profit or Loss.

**“Regulation”** means the income tax regulations, including any temporary regulations, from time to time promulgated under the Code.

**“Transfer”** means, when used as a noun, any sale, hypothecation, pledge, assignment, attachment, or other transfer, and, when used as a verb, means to sell, hypothecate, pledge, assign, or otherwise transfer.

**“Voluntary Withdrawal”** means a Member’s disassociation with the Company by means other than a Transfer or an Involuntary Withdrawal.

< remainder of page is blank >

Operating Agreement / Against Sunrise, LLC

Page 24 of 27

# *Exhibit 'B'  
to the  
Operating Agreement  
of  
Against Sunrise, LLC*

# Regulatory Allocations

A. **Qualified Income Offset.** No Economic Interest Holder shall be allocated Losses or deductions if the allocation causes the Economic Interest Holder to have an Adjusted Capital Account Deficit. If an Economic Interest Holder receives (1) an allocation of Loss or deduction (or item thereof) or (2) any distribution, which causes the Economic Interest Holder to have an Adjusted Capital Account Deficit at the end of any taxable year, then all items of income and gain of the Company (consisting of a pro rata portion of each item of Company income, including gross income and gain) for that taxable year shall be allocated to that Economic Interest Holder, before any other allocation is made of Company items for that taxable year, in the amount and in proportions required to eliminate the excess as quickly as possible. This Paragraph A is intended to comply with, and shall be interpreted consistently with, the 'qualified income offset' provisions of the Regulations promulgated under Code Section 704(b).

B. **Minimum Gain Chargeback.** Except as set forth in Regulation Section 1.704-2(f)(2), (3), and (4), if, during any taxable year, there is a net decrease in Minimum Gain, each Economic Interest Holder, prior to any other allocation pursuant to Section 4 of the Agreement, shall be specially allocated items of gross income and gain for such taxable year (and, if necessary, subsequent taxable years) in an amount equal to that Economic Interest Holder's share of the net decrease of Minimum Gain, computed in accordance with Regulation Section 1.704-2(g). Allocations of gross income and gain pursuant to this Paragraph B shall be made first from gain recognized from the disposition of Company assets subject to nonrecourse liabilities (within the meaning of the Regulations promulgated under Code Section 752), to the extent of the Minimum Gain attributable to those assets, and thereafter, from a pro rata portion of the Company's other items of income and gain for the taxable year. It is the intent of the parties hereto that any allocation pursuant to this Paragraph B shall constitute a 'minimum gain chargeback' under Regulation Section 1.704-2(f).

C. **Contributed Property and Book-ups.** In accordance with Code Section 704(c) and the Regulations thereunder, as well as Regulation Section 1.704-1(b)(2)(iv)(d)(3), income, gain, loss, and deduction with respect to any property contributed (or deemed contributed) to the Company shall, solely for tax purposes, be allocated among the Economic Interest Holders so as to take account of any variation between the adjusted basis of the property to the Company for federal income tax purposes and its fair market value at the date of contribution (or deemed contribution). If the adjusted book value of any Company asset is adjusted as provided herein, subsequent allocations of income, gain, loss, and deduction with respect to the asset shall take account of any variation between the adjusted basis of the asset for federal income tax purposes and its adjusted book value in the manner required under Code Section 704(c) and the Regulations thereunder.

Operating Agreement / Against Sunrise, LLC

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D. Code Section 754 Adjustments. To the extent an adjustment to the tax basis of any Company asset pursuant to Code Section 734(b) or Code Section 743(b) is required, pursuant to Regulation Section 1.704-1(b)(2)(iv)(m), to be taken into account in determining Capital Accounts, the amount of the adjustment to the Capital Accounts shall be treated as an item of gain (if the adjustment increases the basis of the asset) or loss (if the adjustment decreases basis), and the gain or loss shall be specially allocated to the Economic Interest Holders in a manner consistent with the manner in which their Capital Accounts are required to be adjusted pursuant to that Section of the Regulations.

E. Nonrecourse Deductions. Nonrecourse Deductions for a taxable year or other period shall be specially allocated among the Economic Interest Holders in proportion to their Percentages.

F. Member Loan Nonrecourse Deductions. Any Member Loan Nonrecourse Deduction for any taxable year or other period shall be specially allocated to the Economic Interest Holder who bears the risk of loss with respect to the loan to which the Member Loan Nonrecourse Deduction is attributable in accordance with Regulation Section 1.704-2(b).

G. Guaranteed Payments. To the extent any compensation paid to any Member by the Company, is determined by the Internal Revenue Service not to be a guaranteed payment under Code Section 707(c) or is not paid to the Member other than in the Person's capacity as a Member within the meaning of Code Section 707(a), the Member shall be specially allocated gross income of the Company in an amount equal to the amount of that compensation, and the Member's Capital Account shall be adjusted to reflect the payment of that compensation.

H. Unrealized Receivables. If an Economic Interest Holder's Economic Interest is reduced (provided the reduction does not result in a complete termination of the Economic Interest Holder's Economic Interest), the Economic Interest Holder's share of the Company's 'unrealized receivables' and 'substantially appreciated inventory' (within the meaning of Code Section 751) shall not be reduced, so that, notwithstanding any other provision of this Agreement to the contrary, that portion of the Profit otherwise allocable upon a liquidation or dissolution of the Company pursuant to Section 4.3 hereof which is taxable as ordinary income (recaptured) for federal income tax purposes shall, to the extent possible without increasing the total gain to the Company or to any Economic Interest Holder, be specially allocated among the Economic Interest Holders in proportion to the deductions (or basis reductions treated as deductions) giving rise to such recapture. Any questions as to the aforesaid allocation of ordinary income (recapture), to the extent such questions cannot be resolved in the manner specified above, shall be resolved by the Managers.

I. Withholding. All amounts required to be withheld pursuant to Code Section 1446 or any other provision of federal, state, or local tax law shall be treated as amounts actually distributed to the affected Economic Interest Holders for all purposes under this Agreement.

Operating Agreement / Against Sunrise, LLC

Page 26 of 27

# Exhibit "C"
to the
Operating Agreement
of
Against Sunrise, LLC

Gross Proceeds from the Picture shall be allocated and paid as follows:

1. Sales Agent Fees (if any); and
2. Guild/Union Residuals (if any).

Adjusted Gross Proceeds, i.e., the balance of Gross Proceeds remaining after payment of the foregoing, shall be allocated and paid as follows, in the given order:

1. Picture-Related Expenses.
   a. Payment of ongoing expenses from production and distribution of the Picture (e.g., post-production costs, delivery expenses); and
   b. Company operating expenses (e.g., state taxes, legal and accounting fees).
2. Investor (Class B and Class C) Recoupment: One Hundred Percent (100%) to Class B Members and Class C Members, simultaneously, until they have recouped their capital contributions plus:
   a. a Fifteen Percent return for Class B Members, on a pro rata and pari passu basis;
   b. A Fifteen Percent return for Class C Members, who have met the requirements of Section 3.3.4, on a pro rata and pari passu basis;
   c. A Ten Percent return for Class C Members, who have not met the requirements of Section 3.3.4, on a pro rata and pari passu basis.
3. Deferred compensation (if any), not to exceed $50,000.00***.
4. Net Proceeds.
   a. Fifty Percent (50%) to Class A Members and any Class A net proceeds participants, in accordance with their respective percentage of Class A Membership Interests/participations; and
   b. Fifty Percent (50%) to Class B Members and Class C Members, in accordance with their respective percentage of Class B and Class C Membership Interests.

***If the aggregate Capital Contributions are closer to the Minimum Amount than the Maximum Amount (as these terms are defined in the Operating Agreement), some personnel working on the film may be willing to defer part or all of their fees in order to maximize production funds.

Operating Agreement / Against Sunrise, LLC

Page 27 of 27

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

From: The Remington Smith theremingtonsmith@gmail.com
Subject: Re: Land Lord investment
Date: December 12, 2022 at 1:58 PM
To: Kyle Hoehn kyle@csgrealestate.com

TS

Sure thing, and thank you - very helpful to have this waiting in the wings to help us unlock the matching funds quickly.

On Mon, Dec 12, 2022 at 1:54 PM Kyle Hoehn <kyle@csgrealestate.com> wrote:

I can wait. Thanks. Will you send me an email once everything is ready?

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

Kyle Hoehn

President

Phone: 812-288-9057

Mobile: 812-987-3295

Email: kyle@csgrealestate.com

380 Missouri Avenue Suite A10

Jeffersonville, IN 47130

www.csgrealestate.com

From: The Remington Smith <theremingtonsmith@gmail.com>
Sent: Monday, December 12, 2022 1:29 PM
To: Kyle Hoehn <kyle@csgrealestate.com>
Subject: Re: Land Lord investment</kyle@csgrealestate.com></theremingtonsmith@gmail.com>

Yeah, we're going to launch the campaign in late January once we get some production support and research from an ad agency in town. But if you'd rather just invest now instead of waiting, attached is the membership & operating agreements. Thank you!

On Mon, Dec 12, 2022 at 11:14 AM Kyle Hoehn <kyle@csgrealestate.com> wrote:

Hi Remington,

I signed up on wefunder and found you and the movie, but it doesn't appear that I can invest there. It has a message that says "follow Land Lord to be notified if they later decide to raise funding."

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

Kyle Hoehn

President.

Phone: 812-288-9057

Mobile: 812-987-3295

Email: kyle@csgrealestate.com

Email: kyle@csgrealestate.com

380 Missouri Avenue Suite A10

Jeffersonville, IN 47130

www.csgrealestate.com

From: The Remington Smith <theremingtonsmith@gmail.com></theremingtonsmith@gmail.com>

Sent: Friday, December 9, 2022 5:29 PM

To: Kyle Hoehn <kyle@csgrealestate.com></kyle@csgrealestate.com>

Cc: Alex Hunnicutt <alex@fdleventsanddesign.com></alex@fdleventsanddesign.com>

Subject: Land Lord investment

Hey Kyle!

Alex told me you were interested in investing in our film, thank you so much.

We just got word from Render, a tech startup fund here in town, that they will match up to $20,000 raised on WeFunder. It's like Kickstarter, but you actually own parts of the project.

We can offer the same terms (15% ROI, 50/50 split on net proceeds) if you would invest through that campaign and help us hit that benchmark. But let me know what you think.

Thanks!

--

Remington Smith
502-341-9439

theremingtonsmith.com

--

Remington Smith
502-341-9439

theremingtonsmith.com

--

Remington Smith
502-341-9439
theremingtonsmith.com

From: Remington theremingtonsmith@gmail.com
Subject: Notice: Closing Date Extension 2
Date: December 31, 2022 at 2:50 PM
To: Remington Smith theremingtonsmith@gmail.com

R

# Notice: Closing Date Extension 2

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

Happy Holidays Everyone!

I'm happy to announce that local startup fund Render Capital has accepted our application to be a part of their Match program, where they will match up to $20,000 raised through WeFunder. Ad agency Kertis Creative is willing to help us with the campaign pro bono, but is not free until next month.

As mentioned in the operating agreement, the Closing Date could be extended "provided that no extension shall exceed one (1) year unless otherwise deemed necessary by the Manager(s) due to circumstances beyond the control of the Manager(s) (e.g. difficulties relating to Covid-19)."

So, I am officially extending the Closing Date to April 1, 2023. Please reply

A real month with details, about the campaign to be generally
in a month, we have started reading, and reading on
the paper, now with the film, which is part of the book.

If you are going to be a good, the first part of the book is being made.
Let us start making the book as a process of actually making the
one you need your

A large number of books, including the book, are not to be used.
The book is a book that is not to be used. It is not to be used.
It is not to be used.

There is no longer than you would be a good
of the book, but it is not to be used.

The usual agreement, which will not be used in the campaign, is not to be used.
It is not to be used.

There is no longer than you would be a good
of the book, but it is not to be used.

The question

A large number of books, including the book, are not to be used.
The book is a book that is not to be used.

There is no longer than you would be a good
of the book, but it is not to be used.

The book is a book that is not to be used.
It is not to be used.

There is no longer than you would be a good
of the book, but it is not to be used.

The question

A large number of books, including the book, are not to be used.
The book is a book that is not to be used.

There is no longer than you would be a good
of the book, but it is not to be used.

- - -

## Can you vouch for John Doe?

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

Quote goes here

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

Can you vouch for John?

VOUCH FOR JOHN

LEARN MORE

### About Wefunder

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

Unsubscribe | About | Education

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

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

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

## FORM C

### UNDER THE SECURITIES ACT OF 1933

### Issuer Information

**Name of Issuer:** Against Sunrise LLC

**Legal Status:** Limited Liability Company

**Jurisdiction of Incorporation/Organization:** KY

**Date of Organization:** 11-22-2021

**Physical Address:** 4508 S 6th St, Louisville, KY, 40214

**Issuer Website:** www.theremingtonsmith.com

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

**Intermediary Name:** Wefunder Portal LLC

**Intermediary CIK:** 0001670254

**Intermediary File Number:** 007-00033

**Intermediary CRD Number:** 283503

### Offering Information

**Compensation to Intermediary:** 6.5% of the offering amount upon a successful fundraise, and be entitled to reimbursement for out-of-pocket third party expenses it pays or incurs on behalf of the Issuer in connection with the offering.

**Financial Interest in Issuer:** No

**Type of Security Offered:** Other

**Other Description of Security:** Waterfall Agreement: Investors receive 110% of Principal (115% for Early Bird) + 50% of Net Profits in perpetuity.

**Number of Securities Offered:** 500

**Price per Security:** $100.00

**Method for Determining Price:** Pro-rated portion of the total principal value of $50,000; interests will be sold in increments of $100.

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

**Oversubscription Accepted:** Yes

**Oversubscription Allocation Type:** Other

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

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

**Deadline to Reach Target Amount:** 04-29-2024

### Annual Report Disclosure Requirements

**Current Number of Employees:** 1

**Total Assets (Most Recent Fiscal Year):** $102,000.00

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

**Cash & Cash Equivalents (Most Recent Fiscal Year):** $102,000.00

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

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

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

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

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

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

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

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

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

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

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

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

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

**Net Income (Most Recent Fiscal Year):** $-14.00

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

**Jurisdictions Offered:**

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

### Signatures

**Issuer:** Against Sunrise LLC

**Signature:** Remington Smith

**Title:** Writer/Director/Producer

---

**Signature:** Remington Smith

**Title:** Writer/Director/Producer

**Date:** 02-24-2023