jan 20, 2023 - Rob, Chris, and Mark meet at a beach restaurant across the street from the Fo’Cheezy beach location for lunch.

Description:

a. We discuss a basic gameplan for the day and the idea of potential percentages of the company after Craig is out is brought up. The idea of splitting it evenly three ways is proposed. Mark looks at Chris and says, “Do you trust me”, and Chris says, “Honestly Mark, I don’t know you, so I’m not sure yet.” Chris explains that him and his wife’s goal from the start if for Rob to be the majority owner of this company as he is the founder and created the entire concept and that we should focus on the tasks at hand to save the company before percentages are even discussed. We all agree and head to the bank.
b. Rob, Chris, and Mark meet with manager at 5/3 Bank downtown St. Petersburg to remove Craigs access to the bank. Chris flushes $8K of his own money into the bank accounts to get them out of the negative to begin that process. Mark suggests that we open new bank accounts with 5/3 to stop the bleeding with unknown bills and debt coming out of the old accounts. Rob and Chris are generally taking Mark’s guidance at this point as he makes it VERY VERY aware to us that he knows all about finance and is very astute to what needs to be done and acts as the white knight at this point. Rob and Chris are trusting but still cautious at this point since everything is happening so fast and no legal documentation has been drawn up. Chris is doing a lot of listening at this point to feel out Mark and his quality of work, demeanor, and style at this point.
c. All partners meet with Craig to fire him as an employee pending removal from the company. The conversation was recorded with approval of all parties. Highlights times below.

i. Attached Audio recording timeframes:

29 mins Craig's explanation of payroll tax issue regarding double entry

50 mins Mark talking about Craig lying

1 hr Craig describes how everything was before Mark and Craig

1 hr 11 min Mark talking about being behind in IRS payroll and Sales tax

1 hr 30 mins Craig recapping Mark wanting to sell and get bought out

1 hr 32 mins Chris recapping Craigs part in the business

d. Mark and Chris ride together in the car after the meeting with Craig. Mark brings up percentages again and Chris suggests that they split Craig’s 24% between the two of them as to keep Rob the majority owner. This would leave Rob at 54%, Mark with 27%, and Chris with 19%. Mark seemed to be amenable to this sort of plan. Still, nothing is in writing at this point. Chris makes another suggestion to split Craig’s percentage evenly three ways to put Rob at 62%, Mark at 23%, and Chris with 15%. Mark eludes to Chris being some sort of agent for Rob after this suggestion. Chris explains to Mark that he isn’t an agent for Rob, but he feels that it seems fairer to split it evenly and that Rob should still stay the majority regardless. Chris and Mark agree to disagree on that option.

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