Thank you for the thoughtful questions below. We've organized our response in the same order you raised them, with supporting detail and the underlying materials referenced where useful. Please don't hesitate to follow up on anything that would benefit from further detail.
As of this writing, no corporate client agreement has been fully executed. This is a deliberate sequencing decision, not a reflection of demand — see the explanation below the table. Here is the complete, current picture of every account in the pipeline:
| Account | Status | Notes |
|---|---|---|
| Forefront Global (Daniel Shirazi) | Service agreement under review | 35 employees (7 W2 / 28 1099). Daniel Shirazi is a family friend of our team, and his personal belief in the program has directly accelerated this relationship and generated two additional referrals (see below). |
| FanBasis Inc. (Yash Daftary) | Service agreement under review | 50 total employees identified, 25 confirmed today. tati. is already integrated into FanBasis's employee onboarding package; 3 meetings and 2 live meal trials completed. Targeting a September 1 program start. Company is rebranding to "Commas" (not yet public). This account also carries an embedded advantage: our own legal and accounting service providers have existing relationships within FanBasis, which has meaningfully shortened the sales cycle here. |
| CNW Global | Active trial | ~50 employees. Sourced via a direct introduction from Forefront Global's Daniel Shirazi, after his colleague observed the program running firsthand. A family-style catering trial ran July 27, ahead of a conversion decision. |
| Brickell Automotive Group (Mario Murgado) | Active trial — HR approved | 200 employees across 5 dealerships. HR has approved the program internally, the largest account in the pipeline by headcount. |
| C.R. Salon | Prospect | ~25 employees; W2/1099 classification pending confirmation. |
| City of Miami | Early-stage discussion | Following a productive initial meeting with city HR, a custom proposal is being prepared for the HR Director covering four employee groups (Police, Fire, General, Solid Waste). |
| Betr | Introduction stage | A corporate meal-program client prospect referred by Daniel Shirazi (Forefront Global). Early-stage relationship. |
Forefront Global and FanBasis are both proceeding under the same master template — the Tati Eats, LLC Corporate Meal Program Services Agreement. Current proposed terms:
| Term | Forefront Global | FanBasis |
|---|---|---|
| Headcount | 35 employees (7 W2 / 28 1099) | 50 total identified, 25 confirmed |
| Price per meal | $15.00 | $15.00 |
| Meal frequency | 2 meals/day per employee | 2 meals/day per employee |
| Employee contribution | $7.50/meal (50%) | $5.00/meal (~33%) |
| tati. Benefits (§125 supplemental program) | Under evaluation | Under evaluation |
Standard contract terms across both agreements: an initial term set on the cover page, automatically renewing on a rolling quarterly basis thereafter; no termination for convenience during the initial term (termination only for an uncured default); 30 days' written notice for non-renewal after the initial term; early termination (other than our own default) requires payment for the remaining term based on enrolled headcount; first month's fee due in advance, net-30 invoicing thereafter; a 24-business-hour account manager response standard; and weekly menu management with immediate updates for severe allergies.
We want to be precise here: the $467K figure referenced in earlier materials reflected an older pricing structure and is being superseded by the terms above. At current proposed terms ($15/meal, 2 meals/day, 5-day week, 52-week year), and using the confirmed headcount for each account, indicative annual program revenue is:
| Account | Confirmed headcount | Annual meals | Indicative annual revenue |
|---|---|---|---|
| Forefront Global | 35 | 18,200 | $273,000 |
| FanBasis Inc. | 25 (of 50 identified) | 13,000 | $195,000 |
| CNW Global | ~50 | — | ~$136,000 (prior modeling, subject to final terms) |
| Brickell Automotive Group | 200 | — | ~$546,000 (prior modeling, subject to final terms) |
None of this reflects one-time or setup fees — it is entirely recurring program revenue at proposed pricing. It is presented as indicative pipeline value at current terms, not confirmed recurring revenue, since none of these agreements are yet executed. Our tati. Benefits (§125 supplemental) and referral revenue streams are under separate evaluation for each account and are not included above.
The figures below are scoped to the corporate B2B meal program specifically. They exclude other revenue channels that are either already operating today or can be activated immediately once the Wynwood kitchen is live — including our personal/direct-to-consumer meal program, catering, and delivery-platform (Uber Eats) revenue.
To give a concrete sense of that channel: our Stripe processing history from March through July 28, 2026 shows $46,523 in gross charges across 127 transactions ($44,391 net of processing fees and refunds), with monthly volume growing from a standing start in April to approximately $15,000–$18,000/month by May and June. This is real transaction history, distinct from and prior to any corporate account, and reflects genuine demand for the personal and catering side of the business independent of the corporate pipeline discussed throughout this response.
Program-level unit economics for the corporate program are built around a blended cost of approximately $7.50 per meal (ingredients, packaging, and delivery-allocated labor) against the $15.00 program price. Our current monthly kitchen operating structure is as follows:
| Category | Rate | Basis |
|---|---|---|
| Kitchen staff (on-call cooks) | $650/week per cook | 5 available |
| Delivery | $15/delivery | 10+ drivers on call, scales with volume |
| Program lead | $500/week | Fixed |
| Accounting | $1,000/month | Ongoing — active bookkeeping and client accounting |
| Insurance | $100/month | Ongoing |
| Rent — Wynwood kitchen (all-in) | $15,000/month | Fixed |
Fixed monthly overhead (rent, insurance, accounting, program lead) runs approximately $17,000–$18,000 before variable kitchen staffing and ingredient costs, with staffing and delivery scaling directly with enrolled volume. A full monthly operating model incorporating these figures against realized program revenue is in progress and can be provided as a follow-up deliverable.
To be direct: there is no licensed insurance carrier relationship in place today, outside of our benefits program — because that category doesn't exist yet. We are the company setting out to build it. Health insurance today is designed almost entirely to pay for sickness after it occurs. There is a real and growing movement toward wellness and prevention instead, and food has always been among the most direct points of intervention available in that shift. We've pursued this thesis deliberately, not speculatively: it is backed by a clinically-informed Board of Advisors — physicians and former government health officials — whose expertise and relationships give us a genuine path to help lead that movement, not simply theorize about it. That is the forward-looking thesis behind our future carrier roadmap.
What is operating today: the IRC §162 employer meal deduction (an established federal tax provision) and our tati. Benefits program — a §125 supplemental benefits offering (FSA card, telehealth, prescription access, mental health support, annual blood draw, preventative care) administered by our benefits partner. This is the actual insurance-adjacent service being delivered to enrolled employees today. Separately, our team includes a principal who operates a licensed Florida health and life insurance agency with 200+ agents and a relationship with Family First Life — a distribution relationship, not a carrier relationship. A future licensed carrier entity ("tati. Health") is part of our longer-term roadmap, gated to a future funding milestone, and has not been established.
This is the same thesis described in Question 2.1, stated more specifically: a population that eats nutritionist-aligned, chef-prepared meals daily as a covered benefit, with the expectation that this improves health outcomes and lowers claims relative to an uncontrolled-diet population over time. It is a forward-looking thesis for our future carrier roadmap, credibly supported by our Board of Advisors' clinical and regulatory expertise — not a claim about current clinical or actuarial results.
Our current single-kitchen footprint (Wynwood, 51 NW 23rd Street) is modeled to reliably produce and deliver for 3–5 corporate accounts of roughly 35–200 employees each — approximately 150–550 covered lives — at current staffing, once fully activated. This isn't purely theoretical: our kitchen has already demonstrated production at comparable scale historically, running approximately 750 meals per day in January 2026 through our personal and catering channels. That figure sits squarely within the volume range this target implies, giving us real confidence in the throughput capacity itself, even as we continue validating the specific service-level requirements (delivery windows, allergy handling, account management) that corporate accounts add on top of raw volume. Based on current pipeline conversion, we expect to reach the 3–5 account range by Q4 2026–Q1 2027.
See the full staffing and overhead breakdown in Question 1.4 above. Ingredient/COGS cost runs on a blended estimate of approximately $7.50 per meal (ingredients, packaging, delivery-allocated cost); we are refining this into fully itemized ingredient-level detail. Real estate costs are tracked separately from the operating figures above: the Wynwood kitchen carries a $15,000/month all-in rent, following an initial lease payment of $45,182.49 (first month's rent, deposit, and administrative fee) and a $30,000 broker fee. Our owned Cutler Bay facility carries an appraised value of approximately $650,000 and is held separately as a company asset.
Yes — Tatiana Palacio has provided a personal guarantee in connection with a separate secured financing facility. On May 27, 2026, TOTS ESV SPV LLC (as Lender) extended a secured loan facility to TWT Personal Chef Enterprises LLC (as Borrower) to bring a mortgage on the company's Cutler Bay property current and keep it serviced. Tatiana Palacio personally guarantees this facility, and has pledged her full 40% membership interest in Tati Food Group LLC as collateral, with that interest fixed at an agreed value of $223,442.27 for enforcement purposes. We are disclosing this in full because it is a material fact relevant to the company's capital structure.
Separately, and distinct from the above: this investment opportunity itself is a straight equity investment (a membership interest in TOTS ESV SPV LLC, which holds equity in Tati Food Group LLC). It carries no personal guarantee, collateral, or repayment obligation running to the investor — recourse is limited to the value of the underlying equity, consistent with a founder-stage equity round.
For completeness, the Company's Wynwood kitchen lease (51 NW 23rd Street) is also personally guaranteed by Tatiana Palacio, with the lease entity, Tati 51 NW 23rd Street LLC, providing a secondary corporate guarantee. We want to be clear about the boundary of this liability structure: no other principal — not Alex Camus, not David Rosati, not Alejandro Lonsdale — and no current or prospective investor holds any personal liability anywhere in the Company's structure. All personal guarantee exposure sits with Tatiana Palacio alone, across both this lease and the secured facility described above.
Our corporate structure is as follows: Tati Food Group LLC is the parent holding company, wholly owned by its three current holders. Its direct operating subsidiaries are Tati Eats, LLC (the client-facing revenue entity), TWT Personal Chef Enterprises LLC (payroll and real estate), and Tati 51 NW 23rd Street LLC (the Wynwood kitchen leasehold). A separate set of entities under the Emanay umbrella — Emanay Advisory, Emanay Law Group, Emanay Accounting, Emanay Capital, Emanay Ventures, Emanay Realty, and Emanay Technologies, along with our benefits administration partner — provide services under fee-for-service and advisory arrangements, and sit outside the Tati Food Group cap table entirely.
The current capitalization of Tati Food Group LLC is: Tatiana Palacio 40%, Cholo Holdings LLC (Alejandro Lonsdale) 25%, TOTS ESV SPV LLC 10% (Strategic Member), and a 25% unallocated pool available for future investment. There is no option pool, no SAFEs, no convertible notes, and no outstanding warrants. The one existing debt obligation is the secured facility disclosed in Question 4.1 above.
Direct cash equity into Tati Food Group LLC to date totals $175,000, contributed by Cholo Holdings LLC (Alejandro Lonsdale) in two tranches. Neither David Rosati nor Alex Camus has made a personal cash equity investment; both have received fee-for-service advisory payments for work performed, paid out of that deployed capital, alongside broader Emanay-affiliate service fees (legal, technology, accounting).
Beyond the cash actually invoiced, our team has contributed substantially more in professional time than has been billed. The table below compares what was actually invoiced against a benchmarked market rate for equivalent work:
| Deliverable | Hours | Actually invoiced | Market-rate value |
|---|---|---|---|
| Legal draft work — UPA, MSA, entity formations, SPV, agreements | 200h | $15,425 | $180,000 |
| Tech buildout — platform, sales pipeline, intake, CRM, investor portal | 300h | $29,500 | $105,000 |
| Corporate structure & tax — entity reorg, cap table, §162 strategy | 200h | $10,000 | $70,000 |
| Client & project management — onboarding, ops, runbooks | 250h | $7,162 | $87,500 |
| Advisory services — deal support and facilitation | — | $7,540 | — |
| Brand & investor materials — brand system, proposals, CIM | 200h | — | $70,000 |
| Menu development — program design, dietary systems | 150h | — | $52,500 |
| Kitchen sourcing — sourcing, lease negotiation | 100h | — | $35,000 |
| On-call partner team — ongoing corporate development | 300h | — | $105,000 |
| Board & PR development — board sourcing, PR roadmap | 175h | — | $61,250 |
| Total | ~1,875h | ~$69,627 | $766,250 |
Market rates above are benchmarked against comparable professional services: general advisory, technology, and project-management work at $350/hour; legal drafting at $900/hour, the midpoint of current U.S. market rates ($800–$1,000/hour) for a comparably experienced corporate attorney in a major market. On this basis, approximately $696,000 in professional time has been contributed to date beyond what has actually been invoiced against invested capital.
Beyond professional services, Emanay has also directly covered or advanced real operating costs on the Company's behalf over the past several months — ongoing accounting, ingredient costs, and payroll-adjacent transfers — beyond what the $175,000 in deployed equity capital covered:
| Category | Amount |
|---|---|
| Operational advances — accounting, ingredients, payroll transfers (April–June) | $36,627.66 |
| Operational advances — accounting, ingredients, operations (July, through the 30th) | $18,824.76 |
| Total operational advances beyond deployed equity capital | ~$55,452.42 |
Separately, $20,000 of the Wynwood lease broker fee was covered directly on Emanay's own balance sheet rather than from Company capital or the operational advances above. A running balance owed to Emanay of $46,627.66 (through June) and $18,824.76 (July, through the 30th) reflects amounts advanced beyond deployed capital, currently unreconciled as a formal payable. A fully itemized expense ledger is available upon request.
The Company's initial valuation was established at the time of the January 2026 Unit Purchase Agreement: 60% of the Company was valued at $350,000, implying a full-company valuation of approximately $583,000. This was grounded in two concrete inputs: the $650,000 appraised value of the Company's Cutler Bay real estate asset, and the Company's actual FY2025 historical financial performance — $655,627 in total revenue and $173,255 in net income (26.4% net margin), reflecting a profitable first full year of operations across all revenue channels. On this basis, the initial valuation reflects approximately 0.9× trailing revenue and 3.4× trailing net income — modest multiples for a profitable operating business.
A subsequent proposed investment, documented in a non-binding term sheet, would value the Company at $656,250 pre-money / $875,000 post-money for a $218,750 investment representing 25%. Definitive documentation for this transaction is in process.
The Company's current capitalization is: Tatiana Palacio 40%, Cholo Holdings LLC (Alejandro Lonsdale) 25%, TOTS ESV SPV LLC 10% (Strategic Member), and a 25% unallocated pool. There is no option pool, no SAFEs, no convertible notes, and no outstanding warrants. As disclosed in Section 4, a security interest exists over Tatiana Palacio's 40% interest in connection with a separate secured financing facility, fixed at $223,442.27 for enforcement purposes.
| Requested Material | Status |
|---|---|
| Signed customer agreements / material terms summary | Terms summarized above; executed copies to follow upon signature |
| Detailed revenue pipeline and forecast | Included above; full model available upon request |
| Monthly operating budget and cash-flow model | In progress |
| Kitchen operating cost schedule | In progress as part of kitchen activation planning |
| Corporate structure chart, ownership chart, and capitalization table | Included above |
| Founder and sponsor investment summary | Included above |
| Itemized expense ledger (all Emanay-related capital, Jan–Jul 2026) | Available upon request |
Happy to schedule a call to walk through any of the above in more detail, or to provide the in-progress materials as they're finalized.