Volume 1, Issue 2.

JANUARY 25, 2026

To our investors,

What are the “main goals for the year?”

1. Friday, September 11, 2026, hosting 1892’s founding 250 members for the opening party at our clubhouse, 110 E. Clayton St., Athens, GA 30601

2. In November 2026, starting construction at our project near Savannah, GA

3. By December 31, 2026, having two [REDACTED]

What are the “main goals for the quarter?”

• 1892’s February 28, 2026, loan covenant satisfied

• Contracts for our projects near Savannah, GA and Napa, CA signed

• [REDACTED] applications filed and [REDACTED] purchased (The latter was purchased by a third-party, with deeper pockets. We will buy it before I retire.)

• Money manager hired and onboarded

• New executive assistant hired and onboarded

“What are we working on this week?”

• Invitations for 1892’s hard hat tours: Tuesday, Wednesday, and Thursday

• Creating a rhythm for the business, and my time

How can you help us, “such as introductions, advice, or feedback?” Please email me at bcox@thoreaucapital.com

• Tell me your thoughts on “The Sunday Scorecard”!

APPENDIX

FAITH

• Attended Church Today: No

• Services This Year: 2

• This Year’s Goal: 40

FAMILY

• [REDACTED]

  • This Week: 6

  • This Year: 19

  • This Year’s Goal: 208

• Days with Family

  • This Week: 0

  • This Year: 0

  • This Year’s Goal: 24

FRIENDS

• Tee Times

  • This Week: 0

  • This Year: 5

  • This Year’s Goal: 34

• Reservations

  • This Week: 0

  • This Year: 2

  • This Year’s Goal: 24

WORK

• Loan Covenants, % Satisfied

  • February 28, 2026: 89%

    • Last Week: 84%

  • June 30, 2026: 35%

    • Last Week: 34%

• [REDACTED]

  • Last Year: 1

  • At the Moment: 1

  • This Year’s Goal: 2

• Net Cash Flow, % Year-Over-Year

  • January: TBA

  • February: TBA

  • March: TBA

  • April: TBA

  • May: TBA

  • June: TBA

  • July: TBA

  • August: TBA

  • September: TBA

  • October: TBA

  • November: TBA

  • December: TBA