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Financial Controls

Following the closing of our capital raise, funds will be released from the escrow account of our corporate counsel, BrewerLong PLLC, and deposited in an Mocama LLC corporate bank account. We have not selected a banking partner as of this time, our expectation is to choose a bank with a branch in Fernandina Beach. Access to funds will be via check, wire transfer, and debit card initially. To safeguard funds and provide a heightened level of comfort to investors, a schedule of expected expenditures including supporting documentation will be generated by Michael Oliveri and Derek Imes for every 30 day period. Our lead investor Hamp Tanner, and CFO Chris Farmand will review these schedules. Funds can only be released by Hamp and monthly reports of expenditures will be prepared by Chris for investor review. We will follow this protocol until the City of Fernandina Beach issues a Certificate of Occupancy for the brewery.

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