(1)

The Company entered two substantially similar Boat Inventory Investment Agreements with Jason Ruegg. Under the agreement, the Investor advances funds solely to purchase a specified boat (the “Boat”) as inventory for resale. Upon sale of the Boat, the Investor is repaid the investment amount plus a fixed return of 6.5% of annual percentage yield of the investment amount.

(2)

This operating loan was obtained from Mr. Tom Ruegg on February 3, 2023, with a principal amount of $500,000 and a fixed annual interest rate of 7.00%. Interest is accrued and will be paid together with the principal upon repayment. The loan will mature on July 1, 2027.

(3)

The Company had a payable of $254,000 due to Brian John, the Company’s Chief Executive Officer, consisting of accrued compensation for services rendered and unreimbursed business expenses incurred on behalf of the Company. The payable is non-interest bearing, unsecured, and due on demand.