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HomeMy WebLinkAbout07 Ten Pin Chg Directors Officers 092425RETAIL ALCOHOLIC BEVERAGES LICENSE APPLICATION MONETARY TRANSMITTAL FORM APPLICATION SHOULD BE COMPLETED ON-LINE, PRINTED, SIGNED, AND SUBMITTED TO THE LOCAL LICENSING AUTHORITY. ABCC LICENSE NUMBER (IF AN EXISTING LICENSEE, CAN BE OBTAINED FROM THE CITY) ENTITY/ LICENSEE NAME ADDRESS CITY/TOWN STATE ZIP CODE For the following transactions (Check all that apply): THE LOCAL LICENSING AUTHORITY MUST SUBMIT THIS APPLICATION ONCE APPROVED VIA THE ePLACE PORTAL APPLICATION FOR AMENDMENT-Change of Officers, Stock or Ownership Interest Change of Class (i.e. Annual / Seasonal)New License Transfer of License Issuance/Transfer of Stock/New Stockholder Alteration of Licensed Premises Management/Operating Agreement Change of Manager Change Corporate Name Change of License Type (i.e. club / restaurant) Change of DBA Pledge of Collateral (i.e. License/Stock) Change of Officers/ Directors/LLC Managers Change of Category (i.e. All Alcohol/Wine, Malt) Change Corporate Structure (i.e. Corp / LLC) Change of Hours Other Change of Location Change of Ownership Interest (LLC Members/ LLP Partners, Trustees) ECRT CODE: RETA Please make $200.00 payment here: ABCC PAYMENT WEBSITE PAYMENT MUST DENOTE THE NAME OF THE LICENSEE CORPORATION, LLC, PARTNERSHIP, OR INDIVIDUAL AND INCLUDE THE PAYMENT RECEIPT The Commonwealth of Massachusetts Alcoholic Beverages Control Commission 95 Fourth Street, Suite 3, Chelsea, MA 02150-2358 www.mass.gov/abcc Alcoholic Beverages Control Commission 95 Fourth Street, Suite 3 Chelsea, MA 02150-2358 06876-RS-0070 769 Iyannough Road MABarnstable 02601 Ryan Family Amusements, LLC 1. BUSINESS ENTITY INFORMATION ABCC License NumberEntity Name Municipality APPLICATION CONTACT The application contact is the person who should be contacted with any questions regarding this application. EmailName PhoneTitle Please provide a narrative overview of the transaction(s) being applied for. Attach additional pages, if necessary. %›%Payment Receipt %›%Monetary Transmittal Form %›%DOR Certificate of Good Standing %›%DUA Certificate of Compliance %›%Change of Officer/Directors Application %›%Vote of the Entity %›%CORI Authorization %›%Business Structure Documents %›%If Sole Proprietor, Business Certificate %›%If partnership, Partnership Agreement %›%If corporation or LLC, Articles of Organization from the Secretary of the Commonwealth %›%If Sole Proprietor, Business Certificate %›%If partnership, Partnership Agreement %›%If corporation or LLC, Articles of Organization from the Secretary of the Commonwealth %›%Payment Receipt %›%Monetary Transmittal Form %›%DOR Certificate of Good Standing %›%DUA Certificate of Compliance %›%Change of Stock Application %›%Financial Statement %›%Vote of the Entity %›%CORI Authorization %›%Purchase & Sale Agreement %›%Supporting Financial Records %›%Advertisement %›%Business Structure Documents Change of Officers/ Directors/LLC Managers Change of Stock Interest (e.g. New Stockholders or Transfer or Issuance of Stock) APPLICATION FOR AMENDMENT -Change of Officers, Stock or Ownership Interest %›%If Sole Proprietor, Business Certificate %›%If partnership, Partnership Agreement %›%If corporation or LLC, Articles of Organization from the Secretary of the Commonwealth %›%Payment Receipt %›%Monetary Transmittal %›%DOR Certificate of Good Standing %›%DUA Certificate of Compliance %›%Change of Stock Application %›%Financial Statement %›%Vote of the Entity %›%CORI Authorization %›%Business Structure Documents %›%Purchase & Sale Agreement %›%Supporting Financial Records %›%Advertisement Change of Ownership Interest (e.g. LLC Members, LLP Partners, Trustees etc.) Management Agreement %›%Payment Receipt %›%Monetary Transmittal Form %›%DOR Certificate of Good Standing %›%DUA Certificate of Compliance %›%Vote of Entity %›%Management Agreement Non-Profit Club Change of Officers/ Directors %›%Payment Receipt %›%Monetary Transmittal Form %›%DOR Certificate of Good Standing %›%DUA Certificate of Compliance %›%Change of Officer/Directors Application %›%Vote of the club signed by an approved officer %›%Business Structure Documents -Articles of Organization from the Secretary of the Commonwealth 1 *If abutter notification and advertisement are required for transaction, please see the local licensing authority. The Commonwealth of Massachusetts Alcoholic Beverages Control Commission 95 Fourth Street, Suite 3, Chelsea, MA 02150-2358 www.mass.gov/abcc Ryan Family Amusements, LLC Barnstable 06876-RS-0070 As part of a sale of the ownership interests in the company, licensee Ryan Family Amusements, LLC is applying for a change of LLC Managers and LLC members, reflecting new ownership and management of the company. The legal entity will remain the same. We are not applying for a change of the license manager, who will also remain the same. Dennis A. Quilty, Esq.Attorney 617-946-4432dquilty@mqmhlaw.com List all individuals or entities that will have a direct or indirect, beneficial or financial interest in this license (E.g. Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Attach additional page(s) provided, if necessary, utilizing Addendum A. — The individuals and titles listed in this section must be identical to those filed with the Massachusetts Secretary of State. — The individuals identified in this section, as well as the proposed Manager of Record, must complete a CORI Release Form. — Please note the following statutory requirements for Directors and LLC Managers: On Premises (E.g.Restaurant/ Club/Hotel) Directors or LLC Managers - At least 50% must be US citizens; Off Premises(Liquor Store) Directors or LLC Managers - All must be US citizens and a majority must be Massachusetts residents. — If you are a Multi-Tiered Organization, please attach a flow chart identifying each corporate interest and the individual owners of each entity as well as the Articles of Organization for each corporate entity. Every individual must be identified in Addendum A. NoYesAdditional pages attached? 2. PROPOSED OFFICERS, STOCK OR OWNERSHIP INTEREST Has any individual listed in question 2, and applicable attachments, ever been convicted of a State, Federal or Military Crime? If yes, attach an affidavit providing the details of any and all convictions. CRIMINAL HISTORY NoYes MANAGEMENT AGREEMENT NoYes APPLICATION FOR AMENDMENT-Change of Officers, Stock or Ownership Interest 2 Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director/ LLC Manager NoYes Name of Principal SSN DOBResidential Address Name of Principal SSN DOBResidential Address Name of Principal SSN DOBResidential Address Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director/ LLC Manager NoYes Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director/ LLC Manager NoYes Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director/ LLC Manager NoYes Name of Principal SSN DOBResidential Address Name of Principal SSN DOBResidential Address Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director/ LLC Manager NoYes Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director/ LLC Manager NoYes Are you requesting approval to utilize a management company through a management agreement? Please provide a copy of the management agreement. FEC Holdings, LLC 1209 Orange Street, Wilmington, DE Member and Manager 100 Name of Principal Title/Position Percentage of Ownership Name of Principal Title/Position Percentage of Ownership Name of Principal Title/Position Percentage of Ownership Name of Principal Title/Position Percentage of Ownership Name of Principal Title/Position Percentage of Ownership List the individuals and entities of the current ownership. Attach additional pages if necessary utilizing the format below. Name of Principal Title/Position Percentage of Ownership 3. CURRENT OFFICERS, STOCK OR OWNERSHIP INTEREST 4. INTEREST IN AN ALCOHOLIC BEVERAGES LICENSE Does any individual or entity identified in question 2, and applicable attachments, have any direct or indirect, beneficial or financial interest in any other license to sell alcoholic beverages? If yes, list in table below. Attach additional pages, if necessary, utilizing the table format below. Yes No Name License Type License Name Municipality 5. PREVIOUSLY HELD INTEREST IN AN ALCOHOLIC BEVERAGES LICENSE Has any individual or entity identified identified in question 2, and applicable attachments, ever held a direct or indirect, beneficial or financial interest in a license to sell alcoholic beverages, which is not presently held? If yes, list in table below. Attach additional pages, if necessary, utilizing the table format below. Yes No 6. DISCLOSURE OF LICENSE DISCIPLINARY ACTION Have any of the disclosed licenses listed in question 4 or 5 ever been suspended, revoked or cancelled? If yes, list in table below. Attach additional pages, if necessary, utilizing the table format below. Yes No Date of Action Name of License City Reason for suspension, revocation or cancellation Name License Type License Name Municipality APPLICATION FOR AMENDMENT-Change of Officers, Stock or Ownership Interest 3 RFA Owners, Inc. Member 100 See Additional Information Page See Additional Information Page 7. FINANCIAL DISCLOSURE Name of Contributor Amount of Contribution Total: Name of Lender Amount Type of Financing SOURCE OF CASH CONTRIBUTION Is the lender a licensee pursuant to M.G.L. Ch. 138. NoYes Yes No Yes No Yes No Please provide documentation of available funds. (E.g. Bank or other Financial institution Statements, Bank Letter, etc.) Please provide signed financing documentation. SOURCE OF FINANCING FINANCIAL INFORMATION Provide a detailed explanation of the form(s) and source(s) of funding for the cost identified above. 4 Associated Cost(s): Associated Cost(s): (E.g. Costs associated with License Transaction including but not limited to: Property price, Business Assets, Renovations costs, Construction costs, Initial Start-up costs, Inventory costs, or specify other costs):” See following page See following page Northwest Bank $10,000,000 Institutional Term Loan $7,600,000 will be funded by equity investor cash contributions. The remaining $10,000,000 will be funded by an institutional bank term loan. Information provided herein is preliminary based on pre-closing agreements and signed financing term sheet, which may be adjusted prior to closing. Purchase Price of Business Assets: $15,700,000 (see page 16 of Purchase & Sale Agreement) Purchase Price for Real Estate: $0 Other Costs (legal, start-up, licensing, etc...): $1,900,000 TOTAL ASSOCIATED COSTS: $17,600,000 SOURCE OF CASH CONTRIBUTION Name of Contributor Amount of Contribu on Global Endowment Management, LP $5,470,000 (but up to $7,000,000) Josh Bilmes $375,000 Sco Bartnick $375,000 Ryan Kaplan $375,000 Jared Kaplan $375,000 George Smith $250,000 John Leone $100,000 Danny Koch $50,000 Eric Bilmes $50,000 Jonathan Cohn $50,000 J2 Advisory Group, LLC $40,000 The Unger and Forstater Family Living Trust $25,000 Alex Villanueva $25,000 Anthony Bartnick $10,000 Sloane Meshekow $10,000 Phillis Bochman $10,000 Adam Keslonsky $10,000 TOTAL $7,600,000 APPLICANT'S STATEMENT 1 William Campb71 the: ☐sole proprietor; ☐ partner; ☐ corporate principal;LLC/LLP manager Authorized Signatory Ryan Family Amusements, LLCof Name of the Entity/Corporation hereby submit this application (hereinafter the "Application"), to the local licensing authority (the "LLA") and the AlcoholicBeverages Control Commission (the "ABCC" and together with the LLA collectively the "Licensing Authorities") for approval. I do hereby declare under the pains and penalties of perjury that I have personal knowledge of the information submitted in theApplication, and as such affirm that all statements and representations therein are true to the best of my knowledge and belief.I further submit the following to be true and accurate: (1) (2) I understand that each representation in this Application is material to the Licensing Authorities' decision on theApplication and that the Licensing Authorities will rely on each and every answer in the Application and accompanyingdocuments in reaching its decision; I state that the location and description of the proposed licensed premises are in compliance with stateand local laws and regulations; (3)I understand that while the Application is pending, I must notify the Licensing Authorities of any change in theinformation submitted therein. I understand that failure to give such notice to the Licensing Authorities may result indisapproval of the Application; (4)I understand that upon approval of the Application, I must notify the Licensing Authorities of any change in theownership as approved by the Licensing Authorities. Iunderstand that failure to give such notice to theLicensing Authorities may result in sanctions including revocation of any license for which this Application is submitted; (5)I understand that the licensee will be bound by the statements and representations made in the Application, including,but not limited to the identity of persons with an ownership or financial interest in the license; (6)I understand that all statements and representations made become conditions of the license; (7)I understand that any physical alterations to or changes to the size of the area used for the sale, delivery, storage, orconsumption of alcoholic beverages, must be reported to the Licensing Authorities and may require the prior approvalof the Licensing Authorities; (8)I understand that the licensee's failure to operate the licensed premises in accordance with the statements andrepresentations made in the Application may result in sanctions, including the revocation of any license for which theApplication was submitted; and I understand that any false statement or misrepresentation will constitute cause for disapproval of the Application orsanctions including revocation of any license for which this Application is submitted. (9) (10) I confirm that the applicant corporation and each individual listed in the ownership section of the application is ingood standing with the Massachusetts Department of Revenue and has complied with all laws of the Commonwealthrelating to taxes, reporting of employees and contractors,and withholding and remitting of child support. ere bet Title:President Date: 5-29-25 ADDITIONAL INFORMATION Please utilize this space to provide any additional information that will support your application or to clarify any answers provided above. Section 3. CURRENT OFFICERS, STOCK, OR OWNERSHIP INTEREST (con't) The following individuals comprise the current ownership of RFA Owners, Inc. Name of Principal Title Percentage of Ownership William Campbell Shareholder, President 20.55% Michael Crowley Shareholder, Director, Tres., Sec. 20.55% Peter A. Campbell Shareholder 16.44% Betty J. Ryan Shareholder 13.70% Wendy M. Nickerson Shareholder 6.85% James A. Ryan Shareholder, Director 5.48% Anthony Carlino Shareholder 5.48% Zachery McCaul Shareholder 5.48% Quan M. Truong Shareholder 5.48% Section 4. INTEREST IN AN ALCOHOLIC BEVERAGE LICENSE (con't) William Campbell, a manager of FEC Holdings, LLC, is a present shareholder of RFA Owners, Inc. (20.55%), which is the sole current member (owner) of the licensee, Ryan Family Amusements, LLC. Ryan Family Amusements, LLC presently holds six on-premises licenses (all-alcohol) in Massachusetts in the municipalities of Barnstable, Bourne, Hanover, Hanover, Raynham, Mills and Yarmouth. The Raynham license is the subject of this transfer application. SECTION 5. PREVIOULSY HELD INTEREST IN AN ALCOHOLIC BEVERAGE LICENSE As a shareholder of RFA Owners Inc., Mr. Campbell previously held an interest in two additional licenses: (1) a license previously held by Ryan Family Amusements, Inc. for the business located at 441 Main Street, Hyannis, MA, which was surrendered when the business closed in September, 2019; and (2) the license previously held by Ryan Family Amusements, Inc. for the business located at 23 Town Hall Square, Falmouth, MA, which was surrendered when the business closed in October, 2020. A true copy attest, __________________________ Corporate Officer /LLC Manager Signature For Corporations ONLY A true copy attest, __________________________ Corporation Clerk's Signature ENTITY VOTE The Board of Directors or LLC Managers of duly voted to apply to the Licensing Authority of and the Commonwealth of Massachusetts Alcoholic Beverages Control Commission on “VOTED: To authorize to sign the application submitted and to execute on the Entity's behalf, any necessary papers and do all things required to have the application granted.” City/Town Name of Person Date of Meeting Entity Name For the following transactions (Check all that apply): Issuance/Transfer of Stock/New Stockholder Management/Operating Agreement Change of Officers/Directors/LLC Manager Other Change of Ownership Interest (LLC Members, LLP Partners, Trustees) (Print Name) __________________________ (Print Name) __________________________ Ryan Family Amusements, LLC May 27, 2025 Barnstable William Campbell The Commonwealth of Massachusetts Alcoholic Beverages Control Commission 95 Fourth Street, Suite 3, Chelsea, MA 02150 www.mass.gov/abcc RETAIL ALCOHOLIC BEVERAGES LICENSE APPLICATION MONETARY TRANSMITTAL FORM APPLICATION SHOULD BE COMPLETED ON-LINE, PRINTED, SIGNED, AND SUBMITTED TO THE LOCAL LICENSING AUTHORITY. EPAY CONFIRMATION NUMBER A.B.C.C. LICENSE NUMBER (IF AN EXISTING LICENSEE, CAN BE OBTAINED FROM THE CITY) ENTITY/ LICENSEE NAME ADDRESS CITY/TOWN STATE ZIP CODE For the following transactions (Check all that apply): ALCOHOLIC BEVERAGES CONTROL COMMISSION 95 Fourth Street, Suite 3 Chelsea, MA 02150-2358 Change of Class (i.e. Annual / Seasonal)New License Transfer of License Issuance/Transfer of Stock/New Stockholder Alteration of Licensed Premises Management/Operating Agreement Change of Manager Change Corporate Name Change of License Type (i.e. club / restaurant) Change of DBA Pledge of Collateral (i.e. License/Stock) Change of Officers/ Directors/LLC Managers Change of Category (i.e. All Alcohol/Wine, Malt) Change Corporate Structure (i.e. Corp / LLC) Change of Hours Other Change of Location Change of Ownership Interest (LLC Members/ LLP Partners, Trustees) ECRT CODE: RETA Please make $200.00 payment here: https://www.mass.gov/epay-for-online-payments-abcc PAYMENT MUST DENOTE THE NAME OF THE LICENSEE CORPORATION, LLC, PARTNERSHIP, OR INDIVIDUAL 06876-RS-0070 d95b08ed-ddcb-482d-aaca-1c 769 Iyannough Road MABarnstable 02601 Ryan Family Amusements, LLC Total Convenience Fee:$5.18 Date Paid:9/3/2025 11:56:17 AM EDT Total Amount Paid:$205.18 Payment On Behalflf Of License Number or Business Name: 06876-RS-0070 Fee Type: FILING FEES-RETAIL Billing Informatioion First Name: Jeff Last Name: Hernandez Address: 1 Federal Street City: Cambridge State: MA Zip Code: 02110 Email Address: jhernandez@connkavanaugh.com #$.’%(+ ")(&*’$,)( YOUR PAYMENT HAS PROCESSED AND THIS IS YOUR RECEIPT Your account has been billed for the following transaction. You will receive a receipt via email. Transaction Processed Successfully. INVOICE #:d95b08ed-ddcb-482d-aaca-1cd4a500f996 Description Applicant, License or Registration Number Amount FILING FEES-RETAIL 06876-RS-0070 $200.00 $200.00 Your Information Payment Receipt Corporate Interest Flow Chart Ryan Family Amusements, LLC – Post-Closing Corporate Interest Flow Chart LICENSEE Ryan Family Amusements, LLC (entity formerly known as Ryan Family Amusements, Inc.) ™A member-managed Massachusetts LLC. ™FEC Holdings, LLC is the sole member (owner) and manager. FEC Holdings, LLC ™A manager-managed Delaware LLC ™Two-member Board of Managers: Joshua Bilmes and William Campbell, Jr. ™OE FEC Investors, LLC owns 100% of the membership (equity) interest in FEC Holdings. ™Two other entities comprised of current Ryan Family Amusements, Inc. stockholders will be */.,.’/* 624*(*.8* ).564.’76.215 2+34296+420 $#"%2/).1,5&53&462+ 6*4052+6-*5&/*: ’76 those two entities will have no equity ownership of FEC Holdings and no operational control of the license. OE FEC Investors, LLC ™A manager-managed Delaware LLC. ™Oceans Equity Management, LP is the sole manager, but holds no membership interest. ™The members (owners) are investors. o Global Endowment Management, LP (“GEM”) is the majority investor, holding a 72.67% interest in the company. GEM is a large institutional wealth fund that is funded by its limited partners including insurance companies, universities, endowment funds, and pension funds. GEM will have no control over the operation of the business or the license. o The remaining members are minority silent partners with interests not exceeding 10% and have no control over the operation of the business or the license. Ocean’s Equity Management, LP ™A Delaware Limited Partnership. ™The managers are Joshua Bilmes and Scott Bartnick. ™Oceans Equity Advisory, LLC is the General Partner; Five Tide LLC and Jade Earth LLC are limited partners. Addendum A and Supporting Documents for FEC Holdings, LLC Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes Name of Principal SSN DOBResidential Address List all proposed individuals or entities that will have a direct or indirect, beneficial or financial interest in this license (E.g. Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes Entity Name Percentage of Ownership in Entity being Licensed (Write "NA" if this is the entity being licensed) Title and or Position NoYes Percentage of Ownership US Citizen MA Resident NoYes Director NoYes Has any individual identified above ever been convicted of a State, Federal or Military Crime? If yes, attach an affidavit providing the details of any and all convictions. CRIMINAL HISTORY NoYes Name of Principal Title and or Position SSN DOB NoYes Percentage of Ownership US Citizen MA Resident NoYes Residential Address Director NoYes 2. PROPOSED OFFICERS, STOCK OR OWNERSHIP INTEREST(Continued...) JoshuaBlimes Miami, FL 33133 LLC Manager 1 0% WilliamCampbell WestYarmouth, MA 02673 LLC Manager 0% OE FEC Investors,LLC 108 Lakeland Ave, Dover, DE 19901 N/A N/A 100% FEC Holdings, LLC 100% Delaware The First State Page 1 10133694 8100 Authentication: 203202814 SR# 20251097667 Date: 03-18-25 You may verify this certificate online at corp.delaware.gov/authver.shtml I, CHARUNI PATIBANDA-SANCHEZ, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF FORMATION OF “FEC HOLDINGS, LLC”, FILED IN THIS OFFICE ON THE SEVENTEENTH DAY OF MARCH, A.D. 2025, AT 6:01 O`CLOCK P.M. SR CERTIFICATE OF FORMATION OF FEC HOLDINGS, LLC The undersigned, an authorized natural person, for the purpose of forming a limited liability company, under the provisions and subject to the requirements of the State of Delaware (particularly Chapter 18, Title 6 of the Delaware Code and the acts amendatory thereof and supplemental thereto, and known identified, and referred to as the "Delaware Limited Liability Company Act"), hereby certifies that: FIRST: The name of the limited liability company (hereinafter called the "limited liability company") is FEC HOLDINGS, LLC SECOND: The address of the registered office and the name and the address of the registered agent of the limited liability company required to be maintained by Section 18-104 of the Delaware Limited Liability Company Act are The Corporation Trust Company, 1209 Orange Street, Corporation Trust Center, Wilmington, Delaware 19801. Executed on March 12, 2025 State of Delaware Secretary of State Division of Corporations Delivered 06:01 PM 03/17/2025 FILED 06:01 PM 03/17/2025 20251097667- File Number 10133694 /s/Michael Roberts Michael Roberts, Authorized Person Addendum A and Supporting Documents for OE FEC Investors, LLC ADDENDUM A 6.6.Change of Officers,Stock oror Ownership Interest (Continued...) List all proposed individuals oror entities that will have a direct oror indirect,beneficial oror financial interest inin this license (E.g.Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Entity Name Percentage ofof Ownership inin Entity being Licensed (Write "NA"ifif this isis the entity being licensed) Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Mananager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident CRIMINAL HISTORY Has any individual identified above ever been convicted of a State, Federal or Military Crime? IfIf yes,attach anan affidavit providing the details ofof any and all convictions. Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo OE FEC Investors, LLC 100 Oceans Equity Management, LP 108 Lakeland Ave,m Dover, DE 19901 LLC Manager 0%0% Global Endowment Management, LP See BIDE Request Member 72% Joshua Bilmes , Miami, FL 33133 Member 4.9% Scott Bartnick Miami, FL 33133 Member 4.9% Ryan Kaplan See BIDE Request Member 4.9% Jared Kaplan See BIDE Request Member 4.9% George Smith See BIDE Request Member 3.3% ADDENDUM A 6.6.Change of Officers,Stock oror Ownership Interest (Continued...) List all proposed individuals oror entities that will have a direct oror indirect,beneficial oror financial interest inin this license (E.g.Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Entity Name Percentage ofof Ownership inin Entity being Licensed (Write "NA"ifif this isis the entity being licensed) Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Mananager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident CRIMINAL HISTORY Has any individual identified above ever been convicted of a State, Federal or Military Crime? IfIf yes,attach anan affidavit providing the details ofof any and all convictions. Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo OE FEC Investors, LLC 100 John Leonetti See BIDE Request Member 1.3% Danny Koch See BIDE Request Member 0.7% Eric Bilmes See BIDE Request Member Jonathan Cohn See BIDE Request Member 0.7% J2 Advisory Group, LLC See BIE Request Member 0.5% Unger and Forstater Family Living Trust See BIDE Request Member 0.3% Alex Villanueva See BIDE Request Member 0.3% ADDENDUM A 6.6.Change of Officers,Stock oror Ownership Interest (Continued...) List all proposed individuals oror entities that will have a direct oror indirect,beneficial oror financial interest inin this license (E.g.Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Entity Name Percentage ofof Ownership inin Entity being Licensed (Write "NA"ifif this isis the entity being licensed) Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Mananager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident CRIMINAL HISTORY Has any individual identified above ever been convicted of a State, Federal or Military Crime? IfIf yes,attach anan affidavit providing the details ofof any and all convictions. Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo OE FEC Investors, LLC 100 Anthony Bartnick See BIDE Request Member 0.1% Sloane Meshekow See BIDE Request Member 0.1% Phillis Bochman See BIDE Request Member 0.1% Adam Keslonsky See BIDE Request Member 0.1% Delaware The First State Page 1 10132701 8100 Authentication: 203191935 SR# 20251085183 Date: 03-17-25 You may verify this certificate online at corp.delaware.gov/authver.shtml I, CHARUNI PATIBANDA-SANCHEZ, SECRETARY OF STATE OF THE STATE OF DELAWARE, DO HEREBY CERTIFY THE ATTACHED IS A TRUE AND CORRECT COPY OF THE CERTIFICATE OF FORMATION OF “OE FEC INVESTORS, LLC”, FILED IN THIS OFFICE ON THE SEVENTEENTH DAY OF MARCH, A.D. 2025, AT 11:37 O`CLOCK A.M. Docusign Envelope ID: CDECE701-A694-490D-9896-71E1BB499737 CERTIFICATE OF FORMATION OF OE FEC INVESTORS, LLC State of Delaware Secretary of State Division of Corporations Delivered 11:37 AM 03/17/2025 FILED 11:37 AM 03/17/2025 SR 20251085183 - File Number 10132701 The undersigned, an authorized natural person, represents that the undersigned desires to form a limited liability company pursuant to the Delaware Limited Liability Company Act, Del. Code Ann. Title 6, Chapter 18 (the "Act") and that the undersigned has executed this Certificate in compliance with the requirements of the Act. The undersigned further states that: 1. The name of the limited liability company is OE FEC Investors, LLC (the "Company"). 2. The address of the registered office of the Company in the State of Delaware and the name and address of the registered agent of the Company required to be maintained by Section 18-104 of the Act at such address are as follows: Capitol Services, Inc. 108 Lakeland Ave Kent County Dover, Delaware 19901 IN WITNESS WHEREOF, the undersigned, being an authorized person within the meaning of Section 18-201(a) of the Act, has executed this Certificate of Formation this 14th day of March 2025. -Signed by: Josh Bilme-4CE946ECECE94E8 Josh Bilmes, Authorized Person 80466280:1 Addendum A and Supporting Documents for Ocean’s Equity Management, LP ADDENDUM A 6.6.Change of Officers,Stock oror Ownership Interest (Continued...) List all proposed individuals oror entities that will have a direct oror indirect,beneficial oror financial interest inin this license (E.g.Stockholders, Officers, Directors, LLC Managers, LLP Partners, Trustees etc.). Entity Name Percentage ofof Ownership inin Entity being Licensed (Write "NA"ifif this isis the entity being licensed) Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Mananager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident Name ofof Principal Residential Address SSN DOB Title and oror Position Percentage ofof Ownership Director/LLC Manager USUS Citizen MAMA Resident CRIMINAL HISTORY Has any individual identified above ever been convicted of a State, Federal or Military Crime? IfIf yes,attach anan affidavit providing the details ofof any and all convictions. Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Yes NoNo Oceans Equity Management, LP 100 Joshua Bilmes Miami, FL 33133 Manager 0 Scott Bartnick , Miami, FL 33133 7 Manager 0 Oceans Equity Advisory, LLC Miami, FL 33133 Partner 1 Five Tide LLC , Miami, FL 33133 Partner 49.5% Jade Earth, LLC Miami, FL 33133 Partner 49.5%